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Ask the chart: “Has this stock recovered from similar drawdowns before?”
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Management guidance consistency — coming soon
Latest filings
NSE announcements · newest firstProceedings of 16th Annual General Meeting of the Members of the Company held on Tuesday, September 22, 2026 through video conferencing. Further, the company has submitted the Exchange a copy of Srutinizer's report along with voting results.
Key MetricsFull financials →
P/E (TTM)
-48.5×
EPS ₹-3.73
P / Book
1.82×
BVPS ₹99
ROE
-4.3%
FY26, avg equity
Net margin
-2.4%
FY26
Revenue YoY
+13.1%
Q1 FY27
Net profit YoY
+33.9%
Q1 FY27
Debt / equity
0.12×
₹595 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
No promoter group: fully public shareholding
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| SWIGGY₹69,126 Cr | – | 3.77× | -29.1% | -18.0% |
| URBANCO₹24,710 Cr | – | 11.53× | -11.0% | -15.1% |
| CARTRADE₹14,376 Cr | 56.8× | 5.79× | 10.4% | 31.2% |
| SHIPROCKET₹9,255 Cr | – | – | – | – |
| FIRSTCRY₹8,780 Cr | – | 1.82× | -4.3% | -2.4% |
| RTNINDIA₹3,727 Cr | – | 4.85× | -19.7% | -2.2% |
E-Retail/ E-Commerce: the companies closest in market value, of the 11 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags2 Watch
Profit before interest and tax covers finance costs -0.1×
FY26.
Results were filed late in 2 of the last 8 quarters
Slowest filing came 56 days after the period end.
Free cash flow was negative in 1 of the last 2 years
Operating cash flow less capital expenditure, as filed.
Receivables grew 30% against revenue growth of 12%
FY26: debtor days moved from 13 to 16.
Exceptional items above 5% of pre-tax profit in 2 of the last 2 years
FY25–FY26.
No promoter group
The company is fully publicly held, so promoter holding and pledge checks do not apply.
3 checks within their thresholds
Inventory grew -6% against revenue growth of 12%
FY26: inventory days moved from 102 to 85.
Debt to equity is 0.12×
As at 2026-03-31.
No auditor change or resignation filings in three years
From NSE announcements on record.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 2 checks not run for lack of data.
Formula Scores
Piotroski F-score: 6 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✗ Return on assets positive: -2.3 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 365.1 — ₹ crore
- ✓ Cash flow above profit (accruals): 568.8 — operating cash flow less profit after tax, ₹ crore
- ✓ Return on assets improved: 0.69 — change in ROA, percentage points
- ✓ Long-term borrowings to assets fell: -0.39 — change in long-term borrowings over total assets, percentage points
- ✗ Current ratio improved: -0.05 — change in current assets over current liabilities
- ✗ No new shares issued: 0.63 — change in share capital, %
- ✓ Gross margin improved: 0.35 — revenue less material cost over revenue, change in percentage points
- ✓ Asset turnover improved: 0.1 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹-204 Cr (2026-03-31) · profit after tax ₹-265 Cr (2025-03-31) · total assets ₹9,028 Cr (2026-03-31) · total assets ₹8,858 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 3.54 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.269 × 1.2
- retained earnings / total assets: 0.524 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: -0.001 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 2.567 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.947 × 1
Inputs: total assets ₹9,028 Cr (2026-03-31) · current assets ₹4,561 Cr (2026-03-31) · current liabilities ₹2,129 Cr (2026-03-31) · reserves ₹4,730 Cr (2026-03-31) · total equity ₹5,355 Cr (2026-03-31) · profit before tax ₹-166 Cr (2026-03-31) · finance cost ₹156 Cr (2026-03-31) · revenue ₹8,548 Cr (2026-03-31) · market capitalisation (today) ₹9,429 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: not computed · FY to 2026-03-31undefined when earnings or book value per share are not positive
Sloan accrual ratio: -6.36 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹-204 Cr (2026-03-31) · operating cash flow ₹365 Cr (2026-03-31) · total assets ₹9,028 Cr (2026-03-31) · total assets ₹8,858 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.