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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	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	3,583	2,633	2,941	3,187	2,184	1,922	2,814	2,635	2,163	1,965	2,008	3,119	2,063	2,384	3,479	2,488	3,018	2,033	2,667	2,532	1,851	1,740	2,146	2,111	1,637	1,863	1,807	2,407	1,721	0	0
Other income	33.6	35.5	56.2	143	41.8	56.7	55.9	152	49.7	52.2	81.3	195	48.9	27.7	18.2	72.5	30.5	66.7	30.6	64.1	21.9	69	36.3	66.6	11.3	11.6	31.3	54.2	9.4	0	0
Total expenses	3,415	2,607	2,815	2,903	2,047	1,894	2,707	2,402	2,102	1,993	1,947	2,929	1,968	2,106	3,185	2,146	2,541	1,663	2,344	2,249	1,697	1,646	2,068	1,959	1,610	1,787	1,919	2,392	1,669	0	0
EBITDA	233	83.2	178	337	193	80	158	284	110	25.9	108	237	142	326	346	391	525	417	370	331	201	145	128	208	90.2	146	−41.2	89.3	123	0	0
EBITDA margin	6.5%	3.2%	6.0%	10.6%	8.8%	4.2%	5.6%	10.8%	5.1%	1.3%	5.4%	7.6%	6.9%	13.7%	9.9%	15.7%	17.4%	20.5%	13.9%	13.1%	10.9%	8.3%	6.0%	9.8%	5.5%	7.8%	-2.3%	3.7%	7.2%	–	–
Finance costs	10.2	3.7	1.4	1.8	7.5	4.1	2.2	2.1	1.7	7	0.7	1.6	1.9	3.1	6.2	2.6	3.2	3.3	1.7	2.7	2.1	6.4	6	11.2	19.4	26.2	26.5	32.2	30	0	0
Depreciation	54	53.4	50.4	50.5	47.6	48.1	48.7	47.9	47.3	46.6	46	45.7	45.2	44.9	46.1	46.3	44.8	44.3	45	45	44.5	44.4	44.5	44.5	43.8	43.6	43.6	42.2	41.7	0	0
Profit before tax	202	61.5	182	427	179	84.5	168	387	113	24.4	142	385	144	305	313	415	509	435	356	348	176	162	115	220	38	87.9	−80	71	62.1	0	0
Tax	46.6	13.2	24.9	104	45.9	16.9	34	88.9	25.3	1.7	26.2	78.1	34	80.3	−76.4	130	163	144	110	117	40.3	32.4	18.1	47.3	7.7	22.5	−23.7	21.6	20.3	0	0
Net profit	159	52.1	158	324	139	71.8	134	298	87.3	22.7	118	309	112	225	410	285	346	286	246	231	136	150	97.3	173	30.3	61.9	−56.3	62.3	41.8	0	0
Net margin	4.4%	2.0%	5.4%	10.2%	6.3%	3.7%	4.8%	11.3%	4.0%	1.2%	5.9%	9.9%	5.5%	9.4%	11.8%	11.5%	11.5%	14.1%	9.2%	9.1%	7.4%	8.6%	4.5%	8.2%	1.8%	3.3%	-3.1%	2.6%	2.4%	–	–
EPS (₹)	3.98	1.30	3.97	8.13	3.48	1.80	3.36	7.60	2.19	0.63	2.97	7.75	2.82	5.65	10.28	7.16	8.68	7.17	6.16	5.80	3.42	3.76	2.45	4.33	0.76	1.55	-1.41	1.56	1.05	0.00	0.00
Net profit YoY	+14.4%	−27.3%	+18.2%	+8.7%	+58.7%	+216.0%	+13.4%	−3.5%	−22.4%	−89.9%	−71.2%	+8.3%	−67.5%	−21.3%	+67.0%	+23.3%	+154.1%	+90.6%	+152.5%	+33.9%	+349.7%	+142.3%	+272.8%	+177.4%	−27.6%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	10,946	9,534	9,155	11,369	9,083	7,634	7,798	8,491	6,305
Other income	276	315	377	149	183	183	107	108	99
Total expenses	10,372	9,104	8,836	9,978	7,952	7,283	7,767	7,929	5,911
EBITDA	790	632	513	1,588	1,319	571	317	749	565
EBITDA margin	7.2%	6.6%	5.6%	14.0%	14.5%	7.5%	4.1%	8.8%	9.0%
Finance costs	14.5	10.1	11.2	15	9.8	43	115	61	51.4
Depreciation	202	192	183	182	179	177	171	126	119
Profit before tax	850	744	695	1,543	1,315	535	141	669	493
Tax	188	165	140	277	411	105	27.8	174	121
Net profit	673	591	555	1,266	899	450	110	493	474
Net margin	6.1%	6.2%	6.1%	11.1%	9.9%	5.9%	1.4%	5.8%	7.5%
EPS (₹)	16.88	14.83	14.16	31.77	22.55	11.30	2.75	12.38	11.89
Net profit YoY	+13.8%	+6.4%	−56.1%	+40.9%	+99.6%	+310.5%	−77.8%	+4.1%	–

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	136	83.5	−268	924	237
Investing cash flow	−45.6	−172	106	−39.4	−18.1
Financing cash flow	−184	−159	−403	−114	−126
Capital expenditure	308	380	240	142	94.8
Free cash flow (CFO − capex)	−172	−296	−508	782	142

Net profit trend

annual, ₹ crore

FY21

₹450

FY22

₹899+100%

FY23

₹1,266+41%

FY24

₹555−56%

FY25

₹591+6%

FY26

₹673+14%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	12 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	12 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	22 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	22 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	9 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	9 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	11 Nov 2025	PDF XBRL
Q2 FY26	Consolidated	–	PDF XBRL
Q2 FY26	Standalone	–	PDF XBRL
Q2 FY26	Standalone	11 Nov 2025	PDF XBRL

Annual reports

NSE archive

FY269.65 MB FY256.84 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 9.5×9.0×

P/B5Y avg 0.54×0.51×

ROEFY26, on average equity5.5%

Net margin6.1%

Debt / equity0.00×

Revenue CAGR (3Y)-1.3%

Profit CAGR (3Y)-19.0%

EPS (TTM)₹17.39

Market cap₹6,248 Cr

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

P/B vs history

0.51×

vs 8-point avg 0.54× (−6%)

0.39× low0.54× avg0.65× high

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

Balance sheet 31 Mar 2026

Total assets₹14,390 Cr+0%

Net worth₹12,266 Cr+1%

Total borrowings₹25 Cr

Cash & bank balances₹192 Cr−33%

Investments₹4,610 Cr−9%

Inventories₹1,879 Cr+27%

Trade receivables₹2,135 Cr+31%

Trade payables₹689 Cr+2%

Change vs the same date a year earlier.

Revenue mix FY26

FERTILIZER PRODUCTS78.0%result ₹459 Cr

INDUSTRIAL PRODUCTS22.0%result ₹200 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	37.84	37.84	37.84	37.84	37.84	37.84	37.84	37.84	37.84	37.84	37.84	37.84
FII	12.36	12.35	11.91	12.29	11.65	11.83	11.81	12.59	13.31	14.12	19.81	20.69
DII	7.33	7.31	7.28	7.82	7.34	7.47	6.06	5.89	4.92	4.57	3.67	3.18
of which MF	5.83	5.84	5.87	6.45	5.93	–	–	–	–	–	–	–
Retail	29.90	29.91	30.52	29.82	31.02	30.63	31.72	31.48	31.45	30.94	25.93	26.22
Other public	12.57	12.59	12.45	12.23	12.15	12.23	12.57	12.20	12.48	12.53	12.75	12.07

2,98,987 shareholders · NSE shareholding pattern filings.