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 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 91.3 | 103 | 107 | 132 | 88.4 | 104 | 128 | 127 | 84.9 | 68.8 | 101 | 105 | 87.7 | 77.4 | 103 | 144 | 125 | 91.8 | 114 | 130 | 71 | 112 | 101 | 145 | 72.3 | 137 | 160 | 191 | 172 | 0 | 0 |
| Other income | 1.8 | 5.6 | 2.9 | 2.6 | 0.5 | 4.1 | 1.2 | 3.5 | 1.7 | −1.1 | 8.2 | 1.9 | 4.6 | 7.7 | 6.1 | 3.9 | 2 | 2.3 | 5.5 | 3.5 | 6.1 | 1.3 | 1.9 | 4.3 | 1.9 | 0.9 | 7.5 | 2.9 | 5.6 | 0 | 0 |
| Total expenses | 90.7 | 114 | 104 | 119 | 94.4 | 112 | 126 | 107 | 96.3 | 90 | 133 | 103 | 97.3 | 101 | 109 | 127 | 130 | 107 | 111 | 118 | 77.1 | 123 | 118 | 123 | 89.1 | 166 | 171 | 186 | 176 | 0 | 0 |
| EBITDA | 6.4 | −4.4 | 8.3 | 19.5 | −0.1 | −2.1 | 7.8 | 25.3 | −5.3 | −15.7 | −24.3 | 9 | −2.6 | −16.6 | 1.4 | 24.1 | 3 | −6.9 | 11.7 | 21.5 | 3.5 | −0.2 | −3.7 | 35.4 | −0.9 | −11.7 | 5.1 | 22.4 | 12.6 | 0 | 0 |
| EBITDA margin | 7.0% | -4.2% | 7.8% | 14.8% | -0.1% | -2.0% | 6.1% | 19.9% | -6.2% | -22.8% | -24.0% | 8.5% | -3.0% | -21.5% | 1.4% | 16.8% | 2.4% | -7.6% | 10.3% | 16.6% | 5.0% | -0.2% | -3.7% | 24.4% | -1.2% | -8.5% | 3.2% | 11.7% | 7.4% | – | – |
| Finance costs | 3.3 | 3.4 | 3.2 | 3.1 | 3.2 | 3.1 | 2.9 | 2.8 | 3.5 | 2.9 | 3.9 | 3.5 | 4 | 4.4 | 4 | 4.4 | 5.2 | 4.9 | 5.7 | 6.3 | 6.5 | 7.1 | 8.6 | 9.7 | 11.5 | 12.1 | 11 | 12.3 | 12.3 | 0 | 0 |
| Depreciation | 2.5 | 2.8 | 2.7 | 2.8 | 2.7 | 2.6 | 2.8 | 2.8 | 2.7 | 2.7 | 2.9 | 3.1 | 3 | 2.9 | 3 | 3.1 | 3 | 3 | 3.1 | 3.2 | 3.2 | 3.4 | 4.3 | 4 | 4.4 | 4.8 | 5.1 | 5 | 4.8 | 0 | 0 |
| Profit before tax | 2.4 | −4.9 | 5.3 | 16.2 | −5.5 | −3.8 | 15.2 | 23.2 | −9.7 | −22.3 | −22.9 | 4.2 | −5 | −16.3 | 0.5 | 20.5 | 7.5 | −12.4 | 8.5 | 15.5 | −0 | 2.8 | −29.1 | 25.9 | −14.9 | −18 | −3.5 | 8 | 1 | 0 | 0 |
| Tax | −0.1 | −1 | 0.8 | 2 | −0.1 | −5.8 | 2.2 | 1.7 | 0.2 | 2.3 | −0.5 | 0.6 | 0.2 | −5.5 | −0.2 | 2.4 | 0.6 | −7.1 | 0.9 | 1.3 | 0 | 0.3 | 0.1 | 0 | −0.1 | 2.2 | −0.3 | −0.4 | 1.3 | 0 | 0 |
| Net profit | 2.5 | −3.9 | 4.5 | 14.3 | −5.5 | 2 | 13 | 21.5 | −9.8 | −24.7 | −22.3 | 3.6 | −5.3 | −10.8 | 0.7 | 18.1 | 6.8 | −5.4 | 7.5 | 14.2 | −0 | 2.5 | −29.3 | 25.9 | −14.8 | −20.2 | −3.2 | 8.4 | −0.2 | 0 | 0 |
| Net margin | 2.8% | -3.8% | 4.3% | 10.8% | -6.2% | 2.0% | 10.2% | 16.9% | -11.6% | -35.9% | -22.0% | 3.5% | -6.0% | -14.0% | 0.7% | 12.6% | 5.5% | -5.8% | 6.6% | 10.9% | -0.1% | 2.2% | -28.9% | 17.9% | -20.4% | -14.7% | -2.0% | 4.4% | -0.1% | – | – |
| EPS (₹) | 1.18 | -1.82 | 2.13 | 6.68 | -2.56 | 0.96 | 6.11 | 10.06 | -4.60 | -11.55 | -10.47 | 1.71 | 2.46 | -5.07 | 0.35 | 8.47 | 3.19 | -2.51 | 3.53 | 6.65 | -0.02 | 1.16 | -13.72 | 12.15 | -6.92 | -9.47 | -1.48 | 3.93 | -0.12 | 0.00 | 0.00 |
| Net profit YoY | +146.2% | −290.7% | −65.1% | −33.6% | +44.5% | +108.3% | +158.3% | +490.1% | −86.8% | −128.0% | −3131.2% | −79.9% | −177.2% | −101.5% | −90.2% | +27.4% | +18965.4% | −316.7% | +125.8% | −45.2% | +99.8% | +112.3% | −828.4% | +209.4% | −5909.2% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 431 | 443 | 363 | 449 | 406 | 431 | 660 | 751 | 665 |
| Other income | 11.6 | 10.5 | 13.6 | 19.6 | 17.4 | 9.4 | 16.8 | 12.1 | 16.9 |
| Total expenses | 431 | 441 | 423 | 467 | 412 | 453 | 699 | 757 | 686 |
| EBITDA | 23.4 | 25.7 | −33.6 | 12 | 29.8 | 30.5 | 28.5 | 65.3 | 53.4 |
| EBITDA margin | 5.4% | 5.8% | -9.3% | 2.7% | 7.3% | 7.1% | 4.3% | 8.7% | 8.0% |
| Finance costs | 13 | 12.4 | 14.3 | 18 | 23.3 | 36.9 | 47.7 | 50.5 | 50.1 |
| Depreciation | 10.9 | 10.9 | 11.8 | 12 | 12.4 | 16 | 19.7 | 20.2 | 24.2 |
| Profit before tax | 11.1 | 25 | −46 | 12.2 | 11.5 | −15.3 | −12.5 | 6.7 | −4 |
| Tax | 1.6 | −1.7 | 2.6 | −2.6 | −4.9 | 0.4 | 2.7 | 6.4 | 4.5 |
| Net profit | 9.5 | 26.7 | −48.6 | 14.8 | 16.3 | −15.6 | −15.2 | 0.3 | −8.6 |
| Net margin | 2.2% | 6.0% | -13.4% | 3.3% | 4.0% | -3.6% | -2.3% | 0.0% | -1.3% |
| EPS (₹) | 4.43 | 12.52 | -22.78 | 6.95 | 7.66 | -7.32 | -7.13 | 0.15 | -4.01 |
| Net profit YoY | −64.6% | +155.0% | −428.0% | −9.3% | +204.6% | −2.7% | −4796.0% | +103.8% | – |
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 | 14.2 | 7.7 | 32.7 | 59 | 68.6 |
| Investing cash flow | −8.2 | −6.6 | −2.6 | 0.3 | −1.8 |
| Financing cash flow | −3.7 | −2.9 | −30.4 | −57.3 | −68.1 |
| Capital expenditure | 10.5 | 8.1 | 4.3 | 11 | 7.4 |
| Free cash flow (CFO − capex) | 3.8 | −0.4 | 28.4 | 48 | 61.2 |
Net profit trend
annual, ₹ croreFY21
₹−15.6
FY22
₹16.3+205%
FY23
₹14.8−9%
FY24
₹−48.6−428%
FY25
₹26.7+155%
FY26
₹9.5−65%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 7 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 7 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 11 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 11 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 6 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 6 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 11.3×13.3×
P/B5Y avg 0.71×0.90×
ROEFY26, on average equity3.8%
Net margin2.2%
Debt / equity0.58×
Revenue CAGR (3Y)-1.4%
Profit CAGR (3Y)-13.9%
EPS (TTM)₹8.17
Market cap₹232 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.90×
vs 8-point avg 0.71× (+27%)
0.48× low0.71× avg0.97× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹553 Cr+7%
Net worth₹258 Cr+5%
Total borrowings₹149 Cr+7%
Cash & bank balances₹3 Cr+370%
Investments₹0 Cr+0%
Inventories₹133 Cr+44%
Trade receivables₹63 Cr+2%
Trade payables₹64 Cr+21%
Change vs the same date a year earlier.
Revenue mix FY26
TEA52.5%result ₹12.9 Cr
ENGINEERING (MICCO)23.6%result ₹8.9 Cr
TEXTILES21.6%result ₹−3.7 Cr
PROPERTY2.3%result ₹5.9 Cr
Segment revenue as reported, before inter-segment eliminations.