Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY19
| ₹ 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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 9.1 | 6.5 | 7.7 | 5 | 6.2 | 7.2 | 5.7 | 11.6 | 7.1 | 8.7 | 3.8 | 9.5 | 6.2 | 8.8 | 3 | 8.5 | 5.1 | 5.9 | 10.7 | 3.4 | 3.6 | 6.2 | 6.7 | 4 | 5.6 | 6.3 | 10.3 | 3.7 | 4.8 | 3.2 | 4.2 | 5.1 |
| Other income | 0.3 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.8 | 0.6 | 0.5 | 0.5 | 0.7 | 0.4 | 0.4 | 0.8 | 0.3 | 0.5 | 0.5 | 0.5 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 |
| Total expenses | 8.4 | 6.3 | 7.4 | 5.3 | 5.8 | 6.8 | 5.6 | 10.2 | 6.9 | 8.4 | 3.7 | 8.7 | 6.2 | 8.7 | 2.9 | 7.6 | 5.2 | 5.5 | 9.4 | 3.5 | 3.7 | 5.6 | 6 | 3.5 | 4.8 | 5.9 | 9.3 | 3.5 | 4.5 | 3.3 | 4 | 4.8 |
| EBITDA | 1.4 | 1.7 | 1.1 | 0.3 | 0.9 | 1 | 0.8 | 1.8 | 0.6 | 0.5 | 0.4 | 1.2 | 0.5 | 1.2 | 0.4 | 1.2 | 0.3 | 0.9 | 1.7 | 0.3 | 0.3 | 1.1 | 1.1 | 0.8 | 1.1 | 0.8 | 1.3 | 0.6 | 0.9 | 0.4 | 0.6 | 0.8 |
| EBITDA margin | 15.1% | 26.2% | 14.0% | 6.1% | 14.8% | 13.4% | 14.2% | 15.3% | 8.1% | 6.3% | 11.2% | 12.6% | 7.7% | 13.5% | 12.7% | 13.7% | 5.0% | 15.7% | 15.7% | 8.1% | 9.0% | 17.7% | 16.8% | 20.5% | 20.4% | 12.5% | 12.4% | 16.3% | 17.9% | 11.5% | 13.8% | 15.0% |
| Finance costs | 0.3 | 1.2 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.6 | 0.1 | −0 | 0.1 | 0.1 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 0 |
| Depreciation | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 |
| Profit before tax | 1 | 0.6 | 0.8 | 0 | 0.8 | 0.9 | 0.6 | 1.9 | 0.7 | 1.1 | 0.7 | 1.4 | 0.6 | 0.8 | 0.4 | 1.3 | 0.7 | 0.8 | 1.8 | 0.4 | 0.4 | 0.9 | 1.1 | 0.8 | 1 | 0.6 | 1.2 | 0.5 | 0.6 | 0.1 | 0.5 | 0.5 |
| Tax | 0.3 | 0.1 | 0.2 | 0 | 0.2 | 0.2 | 0.1 | 0.5 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | 0.2 | 0.1 | 0.3 | 0.1 | 0.3 | 0.4 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | 0.2 | 0 | 0.1 | 0.2 |
| Net profit | 0.7 | 0.5 | 0.6 | 0 | 0.6 | 0.7 | 0.5 | 1.4 | 0.5 | 0.8 | 0.5 | 1.1 | 0.5 | 0.6 | 0.3 | 1 | 0.6 | 0.6 | 1.4 | 0.3 | 0.3 | 0.6 | 0.9 | 0.6 | 0.7 | 0.4 | 0.9 | 0.3 | 0.4 | 0.1 | 0.4 | 0.3 |
| Net margin | 7.9% | 8.4% | 7.5% | 0.7% | 9.8% | 9.2% | 8.7% | 12.0% | 7.6% | 8.8% | 11.9% | 11.3% | 7.3% | 6.5% | 9.3% | 12.0% | 11.3% | 9.8% | 13.5% | 9.3% | 8.7% | 9.7% | 13.0% | 15.4% | 12.4% | 6.8% | 8.6% | 9.4% | 8.3% | 2.1% | 8.3% | 6.6% |
| EPS (₹) | 1.08 | 0.83 | 0.87 | 0.05 | 0.92 | 0.99 | 0.75 | 2.09 | 0.81 | 1.15 | 0.68 | 1.63 | 0.68 | 0.86 | 0.41 | 1.54 | 0.87 | 0.88 | 2.18 | 0.48 | 0.47 | 0.91 | 1.31 | 0.92 | 1.04 | 0.64 | 1.33 | 0.52 | 0.60 | 0.10 | 0.53 | 0.51 |
| Net profit YoY | +18.0% | −16.8% | +15.9% | −97.4% | +13.1% | −13.9% | +10.5% | +28.7% | +19.0% | +33.7% | +65.0% | +5.6% | – | −0.5% | −52.9% | −29.3% | +83.5% | −3.3% | +66.5% | −48.0% | −54.4% | +42.4% | −1.7% | +75.7% | +73.4% | +542.2% | +151.8% | +1.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 25.5 | 31.6 | 28.2 | 27 | 25.1 | 20.5 | 25.8 | 17.3 |
| Other income | 1.6 | 2 | 2.4 | 1.8 | 2.2 | 1.5 | 0.9 | 0.8 |
| Total expenses | 24.8 | 29.5 | 27 | 25.4 | 23.5 | 18.8 | 23.5 | 16.6 |
| EBITDA | 4 | 4.1 | 2.6 | 3.6 | 3.1 | 3.4 | 3.8 | 2.6 |
| EBITDA margin | 15.8% | 13.1% | 9.4% | 13.5% | 12.5% | 16.4% | 14.7% | 14.9% |
| Finance costs | 1.8 | 0.7 | 0.3 | 0.8 | 0.3 | 0.2 | 0.1 | 0.3 |
| Depreciation | 1.6 | 1.4 | 1.1 | 1.2 | 1.3 | 1.5 | 1.3 | 1.5 |
| Profit before tax | 2.3 | 4.1 | 3.7 | 3.4 | 3.8 | 3.2 | 3.2 | 1.6 |
| Tax | 0.5 | 1 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | 0.4 |
| Net profit | 1.8 | 3.1 | 2.8 | 2.5 | 2.9 | 2.4 | 2.3 | 1.2 |
| Net margin | 7.0% | 9.8% | 9.7% | 9.4% | 11.6% | 11.7% | 9.1% | 6.7% |
| EPS (₹) | 2.69 | 4.65 | 4.15 | 3.83 | 4.40 | 3.61 | 3.53 | 1.74 |
| Net profit YoY | −42.5% | +12.3% | +8.2% | −12.9% | +22.0% | +2.2% | +102.7% | – |
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 | −4.7 | 5 | −3.5 | −4.4 | −4 |
| Investing cash flow | −3 | −17.1 | 12.9 | 0.9 | 10.1 |
| Financing cash flow | 10.2 | 3.1 | 1.4 | −7.6 | −0.1 |
| Capital expenditure | 8 | 2.7 | 0 | 1.2 | 0 |
| Free cash flow (CFO − capex) | −12.7 | 2.3 | −3.5 | −5.7 | −4 |
Net profit trend
annual, ₹ croreFY21
₹2.4
FY22
₹2.9+22%
FY23
₹2.5−13%
FY24
₹2.8+8%
FY25
₹3.1+12%
FY26
₹1.8−43%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 23 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 30 May 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 30 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 25 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 26 Jul 2024 | PDF on NSE XBRL |
| Q4 FY24 | Standalone · audited | 28 May 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 26.3×43.4×
P/B5Y avg 1.20×1.42×
ROEFY26, on average equity3.1%
Net margin7.0%
Debt / equity0.36×
Revenue CAGR (3Y)-1.9%
Profit CAGR (3Y)-11.3%
EPS (TTM)₹2.86
Market cap₹82 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.42×
vs 8-point avg 1.20× (+18%)
0.96× low1.20× avg1.60× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹81 Cr+21%
Net worth₹58 Cr+3%
Total borrowings₹21 Cr+139%
Cash & bank balances₹0 Cr−72%
Investments₹3 Cr−0%
Inventories₹32 Cr+20%
Trade receivables₹8 Cr+62%
Trade payables₹0 Cr+328%
Change vs the same date a year earlier.