Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 28.8 | 27.8 | 27.4 | 24.6 | 26.8 | 26.8 | 26.1 | 20.5 | 23.3 | 23 | 21.1 | 19.8 | 20.1 | 26.8 | 31.7 | 19.7 | 36.3 | 33.1 | 31.5 | 16.5 | 12.1 | 22.7 | 22.4 | 13.9 | 6.7 | 24.3 | 40.7 | 23.8 | 33.4 | 46.2 | 47.1 | 29.9 | 36.7 | 55.9 |
| Other income | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.6 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Total expenses | 26.9 | 26.4 | 26.3 | 23.6 | 25 | 25.9 | 26.1 | 20.9 | 21.8 | 21.4 | 21 | 19.8 | 19.2 | 24.4 | 31.4 | 23.9 | 34.5 | 33.2 | 33.9 | 22.1 | 20.7 | 24 | 25.2 | 21 | 16.3 | 27.3 | 39.3 | 23.3 | 30.9 | 55.6 | 46.4 | 22.5 | 28.6 | 38 |
| EBITDA | 12.6 | 11.9 | 12.2 | 11.4 | 11.8 | 10.6 | 9.9 | 7.2 | 9.2 | 10 | 9.6 | 8.4 | 7.1 | 12.1 | 10 | 6.2 | 11.6 | 9.3 | 8.2 | 5.2 | 0.6 | 7.8 | 6.7 | 2.5 | −2.9 | 5 | 10.5 | 9.1 | 11.5 | −5.1 | 5.1 | 11.5 | 12.1 | 22 |
| EBITDA margin | 43.7% | 42.9% | 44.5% | 46.2% | 43.9% | 39.7% | 38.0% | 35.3% | 39.5% | 43.8% | 45.7% | 42.4% | 35.4% | 45.0% | 31.6% | 31.3% | 32.1% | 28.0% | 25.9% | 31.5% | 5.3% | 34.3% | 29.8% | 17.7% | -43.1% | 20.6% | 25.7% | 38.2% | 34.5% | -11.0% | 10.8% | 38.6% | 33.0% | 39.3% |
| Finance costs | 2.7 | 2.7 | 3.1 | 3 | 3 | 2.8 | 2.8 | 1.6 | 1.6 | 1.7 | 1.9 | 1.9 | 2.1 | 2.2 | 2.4 | 2.9 | 2.5 | 2.7 | 2.7 | 2.5 | 2.1 | 2 | 2.1 | 2.1 | 2.1 | 1.6 | 1.6 | 1.4 | 2 | 0.6 | 0.6 | 0.5 | 0.5 | 0.2 |
| Depreciation | 8 | 7.9 | 7.9 | 7.3 | 7 | 6.9 | 7 | 6 | 6.2 | 6.8 | 7.6 | 6.6 | 4.2 | 7.4 | 7.4 | 7.5 | 7.4 | 6.7 | 7.8 | 8.3 | 7.1 | 7 | 7.5 | 7.4 | 4.5 | 6.5 | 7.4 | 7.1 | 7 | 3.8 | 3.8 | 3.7 | 3.6 | 3.9 |
| Profit before tax | 2.3 | 1.7 | 1.6 | 1.4 | 2.2 | 1.4 | 0.6 | 0.4 | 2 | 1.9 | 0.5 | 0.3 | 1.1 | 2.7 | 0.5 | −4 | 2 | 0.1 | −2.1 | −5.3 | −8.4 | −1 | −2.6 | −6.9 | −9.4 | −2.8 | 1.7 | 0.8 | 2.7 | −9.2 | 0.9 | 7.6 | 8.3 | 18.1 |
| Tax | 0 | 0 | −0 | 0.1 | 0.1 | 0.6 | −0.4 | −0.1 | −0.3 | −0.3 | −0.6 | −0.6 | −0.4 | 0.6 | −0.5 | −0.5 | −0.6 | −0.6 | −0.7 | −0.9 | −0.6 | −0.2 | −0.7 | −0.7 | −0.1 | −0.8 | 0.4 | −2.1 | 0.8 | −3.3 | 0.3 | 2.6 | 2.9 | 6.3 |
| Net profit | 2.2 | 1.7 | 1.6 | 1.3 | 2.1 | 0.8 | 1 | 0.5 | 2.3 | 2.2 | 1 | 0.9 | 1.5 | 2.1 | 1 | −3.5 | 2.7 | 0.8 | −1.4 | −4.4 | −7.9 | −0.7 | −2 | −6.3 | −9.3 | −2 | 1.3 | 2.9 | 2 | −5.9 | 0.6 | 4.9 | 5.4 | 11.9 |
| Net margin | 7.8% | 6.0% | 5.8% | 5.3% | 8.0% | 2.9% | 4.0% | 2.3% | 9.9% | 9.8% | 4.8% | 4.5% | 7.5% | 7.9% | 3.1% | -17.6% | 7.4% | 2.3% | -4.4% | -26.4% | -64.8% | -3.2% | -8.8% | -45.1% | -137.7% | -8.3% | 3.2% | 12.1% | 5.9% | -12.8% | 1.3% | 16.6% | 14.8% | 21.2% |
| EPS (₹) | 0.43 | 0.32 | 0.30 | 0.25 | 0.41 | 0.14 | 0.20 | 0.07 | 0.49 | 0.54 | 0.25 | 0.22 | 0.37 | 0.53 | 0.24 | -0.87 | 0.67 | 0.19 | -0.34 | -1.09 | -1.96 | -0.18 | -0.49 | -1.56 | -2.31 | -0.50 | 0.32 | 0.72 | 0.49 | -1.48 | 0.15 | 1.23 | 1.36 | 2.96 |
| Net profit YoY | +4.6% | +118.1% | +50.7% | +172.6% | −6.6% | −65.8% | +3.5% | −46.5% | +53.6% | +5.9% | +4.6% | +125.7% | −43.9% | +173.8% | +170.6% | +20.4% | +134.0% | +205.4% | +30.5% | +30.3% | +15.2% | +63.3% | −253.5% | −316.2% | −571.2% | +66.2% | +112.8% | −41.4% | −63.8% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 107 | 96.6 | 83.9 | 114 | 93.3 | 65.6 | 122 | 147 | 75.8 |
| Other income | 1.5 | 2.4 | 1.3 | 1 | 0.9 | 0.9 | 1 | 0.9 | 0.2 |
| Total expenses | 101 | 94.6 | 81.4 | 114 | 110 | 86.4 | 121 | 140 | 62.3 |
| EBITDA | 47.3 | 37 | 35.2 | 39.8 | 23.3 | 14 | 36.1 | 23.7 | 18.2 |
| EBITDA margin | 44.3% | 38.2% | 41.9% | 34.8% | 25.0% | 21.3% | 29.5% | 16.1% | 23.9% |
| Finance costs | 11.9 | 8.9 | 7.5 | 10 | 10 | 8.3 | 6.6 | 2 | 0.2 |
| Depreciation | 30 | 26.1 | 25.2 | 29.7 | 29.9 | 26.5 | 28 | 14.9 | 4.4 |
| Profit before tax | 6.9 | 4.4 | 3.7 | 1.2 | −15.7 | −19.9 | 2.5 | 7.6 | 13.7 |
| Tax | 0.2 | −0.2 | −1.9 | −1.1 | −2.9 | −1.7 | −1.7 | 2.5 | 4.7 |
| Net profit | 6.7 | 4.6 | 5.6 | 2.3 | −12.8 | −18.2 | 4.1 | 5.1 | 8.9 |
| Net margin | 6.3% | 4.8% | 6.7% | 2.0% | -13.7% | -27.8% | 3.4% | 3.4% | 11.8% |
| EPS (₹) | 1.28 | 0.90 | 1.39 | 0.58 | -3.20 | -4.55 | 1.03 | 1.26 | 2.23 |
| Net profit YoY | +45.9% | −18.6% | +146.7% | +117.8% | +29.7% | −539.9% | −18.1% | – | – |
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 | 21.7 | 9.6 | 20.8 | 60.7 | 17.3 |
| Investing cash flow | −4.4 | −7.1 | −23.1 | −40.5 | −0.5 |
| Financing cash flow | −18.4 | −4.2 | 6.9 | −23.2 | −15 |
| Capital expenditure | 16.2 | 13.5 | 7.6 | 41.5 | 1.6 |
| Free cash flow (CFO − capex) | 5.6 | −3.9 | 13.2 | 19.2 | 15.7 |
Net profit trend
annual, ₹ croreFY21
₹−18.2
FY22
₹−12.8+30%
FY23
₹2.3+118%
FY24
₹5.6+147%
FY25
₹4.6−19%
FY26
₹6.7+46%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 10 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 20 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 28 May 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 54.0×22.9×
P/B5Y avg 1.30×0.67×
ROEFY26, on average equity2.9%
Net margin6.3%
Debt / equity0.07×
Revenue CAGR (3Y)-2.3%
Profit CAGR (3Y)43.1%
EPS (TTM)₹1.30
Market cap₹156 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.67×
vs 8-point avg 1.30× (−48%)
0.61× low1.30× avg1.70× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹344 Cr+6%
Net worth₹231 Cr+3%
Total borrowings₹15 Cr+63%
Cash & bank balances₹4 Cr−21%
Investments₹0 Cr
Inventories₹12 Cr−8%
Trade receivables₹21 Cr−4%
Trade payables₹3 Cr−0%
Change vs the same date a year earlier.