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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18

₹ crore	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q1 FY20	Q4 FY18
Revenue from operations	2,387	2,206	2,319	2,100	1,676	1,949	1,840	1,628	1,855	1,773	1,732	1,454	1,414	1,656	1,668	1,685	1,972	1,756	1,552	1,317	1,209	1,187	1,173	937	1,076	1,218	1,135	0
Other income	3	−0.8	1.9	0.3	3.5	−2.9	4.5	4.9	5.7	−0.1	8.4	0	0	0.2	0.3	0	0.4	0.2	0.5	0.1	0	0.4	0	0.2	0.4	0.4	2.5	0
Total expenses	2,212	2,094	2,187	2,029	1,637	1,858	1,805	1,601	1,716	1,647	1,623	1,372	1,342	1,521	1,508	1,535	1,739	1,524	1,331	1,110	483	978	996	833	940	1,040	960	0
EBITDA	382	343	321	291	212	269	232	197	305	283	260	233	201	252	289	267	369	339	310	314	813	285	254	182	219	254	250	0
EBITDA margin	16.0%	15.5%	13.9%	13.9%	12.7%	13.8%	12.6%	12.1%	16.4%	16.0%	15.0%	16.0%	14.2%	15.2%	17.3%	15.8%	18.7%	19.3%	20.0%	23.8%	67.3%	24.0%	21.7%	19.4%	20.3%	20.9%	22.0%	–
Finance costs	83	112	68.5	100	59.5	64	85.5	62.4	63.6	58.9	54	58.2	40.4	33.1	47	43.7	49.8	30.6	18.5	38.3	21.6	17.3	22.2	25.3	34	28.7	31	0
Depreciation	124	119	121	120	114	113	111	108	102	98.3	97.4	93.1	89.4	83.7	82.1	72.9	86.5	77.2	71.1	68.6	65.6	58.7	55	52	49.3	47	43.2	0
Profit before tax	180	111	118	93.5	41.9	88.5	40	34	145	126	117	81.6	71.5	135	160	150	233	231	221	207	726	209	177	105	136	179	178	0
Tax	25	−26.2	−14.4	−12	−1.4	−7.3	−6	−18.3	8	−6.1	−7.5	−9.1	1.6	−13.5	23.4	25.9	44.3	37.7	44.7	41.9	33.7	40.3	33.7	21.7	25.7	36.1	36.5	0
Net profit	155	137	133	106	43.3	95.8	46	52.3	137	132	124	90.7	69.8	149	137	124	189	194	176	165	692	169	144	83.2	110	143	142	0
Net margin	6.5%	6.2%	5.7%	5.0%	2.6%	4.9%	2.5%	3.2%	7.4%	7.4%	7.2%	6.2%	4.9%	9.0%	8.2%	7.4%	9.6%	11.0%	11.3%	12.5%	57.2%	14.3%	12.2%	8.9%	10.3%	11.7%	12.5%	–
EPS (₹)	4.27	3.79	3.67	2.91	1.19	0.00	1.27	1.44	3.77	3.64	3.42	2.50	1.93	4.10	3.77	3.43	5.22	5.34	4.86	4.55	7.81	9.49	8.05	4.70	6.33	8.03	15.94	0.00
Net profit YoY	+258.0%	+43.3%	+189.0%	+101.6%	−68.3%	−27.4%	−63.0%	−42.3%	+95.8%	−11.3%	−9.1%	−27.2%	−63.1%	−23.3%	–	−29.3%	+14.5%	−72.0%	+22.7%	+98.4%	+527.4%	+18.5%	–	−41.4%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	8,286	7,271	6,372	6,619	7,000	4,506	4,186	3,806
Other income	4.9	14.1	8.4	0.9	0.8	0.7	8.8	7.8
Total expenses	7,933	6,981	5,985	6,008	5,474	3,842	3,519	3,385
EBITDA	1,168	1,000	977	1,089	1,929	982	977	699
EBITDA margin	14.1%	13.8%	15.3%	16.5%	27.6%	21.8%	23.3%	18.4%
Finance costs	340	275	211	168	114	86.4	125	132
Depreciation	474	434	378	310	289	231	185	146
Profit before tax	365	307	395	611	1,527	665	676	429
Tax	−54.3	−23.6	−21.1	65.9	219	129	129	82.9
Net profit	419	331	416	545	1,307	535	547	346
Net margin	5.1%	4.6%	6.5%	8.2%	18.7%	11.9%	13.1%	9.1%
EPS (₹)	11.56	0.00	11.49	15.04	36.06	30.04	30.77	40.95
Net profit YoY	+26.7%	−20.6%	−23.6%	−58.3%	+144.3%	−2.1%	–	–

EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore

₹ crore	FY26	FY25	FY24	FY23	FY22
Operating cash flow	781	1,242	1,204	1,310	471
Investing cash flow	−1,142	−1,398	−1,310	−1,330	−1,305
Financing cash flow	745	−73.2	35	47.2	679
Capital expenditure	1,124	1,386	1,328	1,326	1,307
Free cash flow (CFO − capex)	−343	−144	−124	−16.4	−836

Net profit trend

annual, ₹ crore

FY21

₹535

FY22

₹1,307+144%

FY23

₹545−58%

FY24

₹416−24%

FY25

₹331−21%

FY26

₹419+27%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	30 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	30 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	4 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	4 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	2 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	2 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	6 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	6 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	31 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	31 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2621.45 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 42.4×33.4×

P/B5Y avg 3.52×2.98×

ROEFY26, on average equity7.3%

Net margin5.1%

Debt / equity0.83×

Revenue CAGR (3Y)7.8%

Profit CAGR (3Y)-8.4%

EPS (TTM)₹14.64

Market cap₹17,736 Cr

Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.

P/B vs history

2.98×

vs 8-point avg 3.52× (−15%)

2.38× low3.52× avg5.03× high

History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.

Balance sheet 31 Mar 2026

Total assets₹13,300 Cr+20%

Net worth₹5,955 Cr+6%

Total borrowings₹4,921 Cr

Cash & bank balances₹583 Cr+192%

Investments₹132 Cr+178%

Inventories₹1,732 Cr+19%

Trade receivables₹1,403 Cr+78%

Trade payables₹1,841 Cr+49%

Change vs the same date a year earlier.

Revenue mix FY22

a) Speciality Chemicals83.7%result ₹1,614 Cr

b) Pharmaceuticals16.3%result ₹220 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	41.82	42.09	42.14	42.18	42.24	42.24	42.35	42.61	43.24	43.43	43.55	43.57
FII	6.99	7.38	6.69	6.40	6.44	6.29	7.25	9.68	10.61	10.93	10.83	10.57
DII	21.11	20.12	18.22	18.21	20.38	19.97	17.94	18.13	18.56	17.25	15.84	16.15
of which MF	12.12	11.51	10.20	10.20	12.65	–	–	–	–	–	–	–
Retail	25.50	25.80	28.23	28.46	26.54	26.96	27.86	25.13	23.34	24.13	25.48	25.72
Other public	4.58	4.61	4.72	4.75	4.40	4.54	4.60	4.45	4.25	4.26	4.30	3.99

3,70,868 shareholders · NSE shareholding pattern filings.