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 | 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 | 66.8 | 57 | 57.9 | 55.7 | 64.1 | 59 | 58.6 | 62.3 | 56.7 | 56.8 | 59.7 | 60.9 | 59.3 | 64.4 | 73.5 | 58.6 | 66.4 | 61.2 | 62.9 | 56 | 66.9 | 56.1 | 40 | 17.8 | 46.6 | 34.1 | 53.8 | 66.6 | 65.9 | 72.2 | 78.2 | 70.1 | 69.2 |
| Other income | 0.3 | 2.3 | 0.4 | 0.6 | 0.4 | 0.4 | 0.7 | 0.5 | 0.9 | 1.2 | 1.8 | 0.6 | 0.3 | 1.9 | 1.9 | 1.8 | 0.8 | 0.2 | 0.1 | 0.3 | 0.1 | 0.7 | 0.4 | 0.3 | 0.3 | 0.6 | 0.8 | 1.1 | 3.8 | 1 | 1.6 | 0.1 | 3 |
| Total expenses | 60.9 | 53.1 | 54.3 | 54 | 62.5 | 56.7 | 56.6 | 58.1 | 56.2 | 56.9 | 59.8 | 60.4 | 58 | 63.6 | 75.4 | 59.8 | 66.5 | 60.4 | 61.6 | 55.4 | 65.9 | 55 | 43.1 | 20.3 | 53 | 38.1 | 53.9 | 66.8 | 68.3 | 69.9 | 76.8 | 68.2 | 66.9 |
| EBITDA | 10.6 | 6.7 | 8.8 | 6.6 | 5.9 | 6.4 | 6.1 | 7.8 | 3.8 | 1.2 | 2.9 | 4.7 | 5.1 | 4.3 | 1.6 | 2.7 | 4 | 4.7 | 5.5 | 4.5 | 4.7 | 5.4 | 0.7 | 1.3 | −2.1 | 0.5 | 4.8 | 5.2 | 3.8 | 7.3 | 7.3 | 7.4 | 7.6 |
| EBITDA margin | 15.9% | 11.8% | 15.1% | 11.8% | 9.3% | 10.8% | 10.4% | 12.5% | 6.7% | 2.1% | 4.8% | 7.7% | 8.6% | 6.7% | 2.2% | 4.6% | 6.0% | 7.7% | 8.8% | 8.0% | 7.0% | 9.6% | 1.7% | 7.3% | -4.4% | 1.4% | 8.8% | 7.8% | 5.8% | 10.0% | 9.3% | 10.6% | 10.9% |
| Finance costs | 1.7 | 0.2 | 2.7 | 2.4 | 2.3 | 2.1 | 2 | 1.6 | 1.4 | 1.5 | 1.7 | 1.4 | 1.2 | 1 | 0.6 | 0.7 | 1.1 | 0.8 | 1.1 | 0.7 | 0.5 | 1.2 | 0.6 | 0.5 | 1.1 | 1.1 | 1.3 | 1.9 | 2.4 | 1.1 | 2.2 | 1.8 | 1.6 |
| Depreciation | 3 | 2.6 | 2.5 | 2.4 | 2 | 2 | 2.1 | 1.9 | 1.8 | −0.3 | 1.3 | 2.7 | 2.5 | 2.5 | 3 | 3.1 | 3 | 3.1 | 3.1 | 3.1 | 3.2 | 3.2 | 3.2 | 3.3 | 3.3 | 3.4 | 3.6 | 3.6 | 3.8 | 3.8 | 3.8 | 3.7 | 3.6 |
| Profit before tax | 6.2 | 6.1 | 3.9 | 2.3 | 2 | 2.6 | 2.8 | 4.8 | 1.4 | 1.2 | 1.6 | 1.1 | 1.7 | 2.7 | −1.8 | 0.7 | 0.7 | 1 | 1.5 | 0.9 | 1.1 | 1.7 | −2.7 | −2.2 | −6.2 | −3.4 | 0.6 | 0.8 | 1.4 | 3.3 | 3 | 2 | 5.3 |
| Tax | 1.7 | 0.2 | 4.1 | 0.1 | 0.6 | 0.4 | 1 | 0.9 | 1 | 0.5 | 0.1 | −0.2 | 0.7 | 2 | −0.8 | −0.5 | −0.1 | 0.5 | 0.4 | 0.1 | 1.5 | −0.8 | −0.5 | −0.5 | −1 | −0.7 | 0.2 | 0.3 | 0 | 1.4 | 0.6 | 0.6 | 1.3 |
| Net profit | 4.5 | 5.9 | −0.1 | 2.2 | 1.4 | 2.2 | 1.8 | 3.9 | 0.3 | 0.7 | 1.5 | 1.3 | 1 | 0.8 | −1.1 | 1.2 | 0.8 | 0.5 | 1.1 | 0.8 | −0.4 | 2.6 | −2.3 | −1.7 | −5.2 | −2.7 | 0.4 | 0.5 | 1.3 | 1.9 | 2.3 | 1.4 | 4 |
| Net margin | 6.7% | 10.3% | -0.2% | 3.9% | 2.2% | 3.8% | 3.1% | 6.3% | 0.6% | 1.2% | 2.5% | 2.1% | 1.7% | 1.2% | -1.5% | 2.0% | 1.2% | 0.8% | 1.7% | 1.4% | -0.5% | 4.6% | -5.7% | -9.4% | -11.1% | -7.8% | 0.7% | 0.8% | 2.0% | 2.7% | 3.0% | 2.0% | 5.8% |
| EPS (₹) | 12.31 | 16.17 | -0.33 | 5.91 | 3.87 | 6.12 | 5.00 | 10.78 | 0.96 | 1.94 | 4.16 | 3.58 | 2.84 | 2.09 | -2.97 | 3.17 | 2.09 | 1.33 | 3.00 | 2.19 | -0.99 | 7.05 | -6.29 | 4.62 | -14.20 | -7.29 | 1.08 | 1.37 | 3.67 | 5.28 | 6.38 | 3.84 | 11.02 |
| Net profit YoY | +218.5% | +164.1% | −106.5% | −45.2% | +304.6% | +215.8% | +20.2% | +201.5% | −66.3% | −7.2% | – | +220.6% | −10.6% | −0.6% | −199.0% | +44.1% | +312.4% | −81.5% | +147.6% | +147.6% | +93.0% | +196.9% | −687.2% | −436.0% | −488.7% | −238.0% | −83.1% | −64.3% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 235 | 237 | 237 | 267 | 247 | 181 | 201 | 286 | 60.8 |
| Other income | 3.6 | 2.5 | 3.9 | 7 | 1.3 | 1.5 | 2.7 | 6.5 | 3.1 |
| Total expenses | 224 | 228 | 235 | 267 | 244 | 184 | 212 | 283 | 65 |
| EBITDA | 28 | 24 | 13.9 | 14.5 | 18.7 | 12.1 | 8.4 | 25.8 | −1.1 |
| EBITDA margin | 11.9% | 10.1% | 5.9% | 5.4% | 7.6% | 6.7% | 4.2% | 9.0% | -1.8% |
| Finance costs | 7.7 | 7 | 5.9 | 3.4 | 3.6 | 2.8 | 5.4 | 7.6 | 0.5 |
| Depreciation | 9.5 | 7.9 | 6.2 | 11.2 | 12.3 | 12.8 | 13.9 | 15 | 2.6 |
| Profit before tax | 14.4 | 11.6 | 5.6 | 5.1 | 4 | −2.1 | −8.1 | 9.6 | −1.1 |
| Tax | 5.1 | 3.3 | 1.1 | 1.5 | 0.9 | −0.3 | −1.2 | 2.7 | −0.3 |
| Net profit | 9.3 | 8.3 | 4.6 | 3.6 | 3.1 | −1.8 | −6.9 | 7 | −0.8 |
| Net margin | 4.0% | 3.5% | 1.9% | 1.4% | 1.3% | -1.0% | -3.4% | 2.4% | -1.3% |
| EPS (₹) | 25.60 | 22.86 | 12.51 | 9.29 | 8.61 | -4.84 | -19.05 | 19.14 | -0.05 |
| Net profit YoY | +12.1% | +82.7% | +26.1% | +15.2% | +278.0% | +74.6% | −199.6% | – | – |
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 | 7.5 | 21.8 | 10 | −2.5 | 11.1 |
| Investing cash flow | −33.2 | −24.3 | −25.8 | −5.8 | −4.1 |
| Financing cash flow | 24.9 | 2.6 | 15.7 | 7.5 | −5.2 |
| Capital expenditure | 33.1 | 24.3 | 26 | 0 | 0 |
| Free cash flow (CFO − capex) | −25.7 | −2.5 | −16 | −2.5 | 11.1 |
Net profit trend
annual, ₹ croreFY21
₹−1.8
FY22
₹3.1+278%
FY23
₹3.6+15%
FY24
₹4.6+26%
FY25
₹8.3+83%
FY26
₹9.3+12%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 27 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 11 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 12 Nov 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 24.6×28.6×
P/B5Y avg 1.72×3.71×
ROEFY26, on average equity10.1%
Net margin4.0%
Debt / equity1.11×
Revenue CAGR (3Y)-4.2%
Profit CAGR (3Y)37.2%
EPS (TTM)₹34.05
Market cap₹355 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.71×
vs 8-point avg 1.72× (+115%)
0.70× low1.72× avg3.71× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹251 Cr+9%
Net worth₹96 Cr+7%
Total borrowings₹106 Cr
Cash & bank balances₹0 Cr−77%
Investments₹0 Cr−100%
Inventories₹35 Cr−38%
Trade receivables₹103 Cr+27%
Trade payables₹29 Cr−44%
Change vs the same date a year earlier.