Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 FY23
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 46.3 | 75 | 63.2 | 56.8 | 50.2 | 82.8 | 74 | 54.8 | 54.5 | 85.1 | 79.1 | 65.8 | 61.7 | 70.8 | 69.6 |
| Other income | 0.1 | 0.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.5 | 0.2 | 0.1 |
| Total expenses | 50.9 | 79.2 | 61.9 | 55.5 | 49.1 | 80.1 | 71.5 | 53.4 | 52.4 | 79.5 | 74.5 | 62.7 | 60 | 73 | 73 |
| EBITDA | −2.1 | −1.5 | 4 | 3.7 | 3.3 | 4.8 | 4.6 | 3.5 | 3.9 | 7.3 | 6.2 | 4.9 | 4 | 0.1 | −0.1 |
| EBITDA margin | -4.4% | -2.0% | 6.3% | 6.5% | 6.6% | 5.8% | 6.3% | 6.3% | 7.2% | 8.5% | 7.8% | 7.5% | 6.5% | 0.2% | -0.1% |
| Finance costs | 0.9 | 1 | 1.2 | 1 | 0.8 | 0.8 | 0.7 | 0.8 | 0.6 | 0.4 | 0.4 | 0.6 | 1.2 | 1.1 | 2.1 |
| Depreciation | 1.7 | 1.7 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.2 | 1.2 |
| Profit before tax | −4.5 | −3.7 | 1.5 | 1.4 | 1.3 | 2.8 | 2.7 | 1.5 | 2.2 | 5.8 | 4.7 | 3.2 | 2.2 | −2 | −3.3 |
| Tax | −0.1 | −1 | 0.5 | 0.4 | 0.4 | 0.9 | 0.7 | 0.3 | 0.6 | 1.6 | 0.6 | −0.2 | 0 | 0.5 | −0.1 |
| Net profit | −4.4 | −2.7 | 1 | 1 | 0.9 | 1.9 | 2 | 1.2 | 1.6 | 4.2 | 4.1 | 3.4 | 2.2 | −2.5 | −3.3 |
| Net margin | -9.5% | -3.6% | 1.6% | 1.8% | 1.7% | 2.3% | 2.7% | 2.2% | 2.9% | 4.9% | 5.2% | 5.2% | 3.5% | -3.5% | -4.7% |
| EPS (₹) | -0.10 | -0.09 | 0.03 | 0.03 | 0.03 | 0.06 | 0.06 | 0.04 | 0.05 | 0.67 | 0.65 | 0.55 | 0.35 | -7.64 | -10.00 |
| Net profit YoY | −605.6% | −241.8% | −50.1% | −15.4% | −45.2% | −55.1% | −51.2% | −65.2% | −26.0% | +268.7% | +225.1% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue from operations | 245 | 266 | 292 | 260 |
| Other income | 0.9 | 0.6 | 0.9 | 0.4 |
| Total expenses | 246 | 257 | 277 | 271 |
| EBITDA | 9.5 | 16.8 | 22.4 | −0.5 |
| EBITDA margin | 3.9% | 6.3% | 7.7% | -0.2% |
| Finance costs | 3.9 | 2.9 | 2.7 | 6.1 |
| Depreciation | 5.9 | 5.2 | 4.6 | 4.9 |
| Profit before tax | 0.5 | 9.2 | 15.9 | −11.1 |
| Tax | 0.3 | 2.5 | 2.1 | 0.2 |
| Net profit | 0.2 | 6.7 | 13.9 | −11.3 |
| Net margin | 0.1% | 2.5% | 4.7% | -4.3% |
| EPS (₹) | 0.01 | 0.21 | 2.21 | -7.48 |
| Net profit YoY | −97.0% | −51.9% | +223.0% | – |
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 |
|---|---|---|---|---|
| Operating cash flow | 10.9 | 1 | −15.5 | 0.2 |
| Investing cash flow | −9 | −3.3 | −5.5 | −3.3 |
| Financing cash flow | 11.7 | −0.4 | 26.2 | −4.4 |
| Capital expenditure | 9.1 | 3.5 | 6.1 | 3.4 |
| Free cash flow (CFO − capex) | 1.8 | −2.5 | −21.6 | −3.2 |
Net profit trend
annual, ₹ croreFY23
₹−11.3
FY24
₹13.9+223%
FY25
₹6.7−52%
FY26
₹0.2−97%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 239.3×-27.1×
P/B5Y avg 4.86×0.77×
ROEFY26, on average equity0.1%
Net margin0.1%
Debt / equity0.15×
Revenue CAGR (3Y)-1.9%
Profit CAGR (3Y)–
EPS (TTM)₹-0.15
Market cap₹138 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.77×
vs 7-point avg 4.86× (−84%)
0.67× low4.86× avg8.38× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹287 Cr+8%
Net worth₹179 Cr+8%
Total borrowings₹27 Cr+18%
Cash & bank balances₹19 Cr+271%
Investments₹0 Cr
Inventories₹56 Cr−16%
Trade receivables₹147 Cr+7%
Trade payables₹53 Cr+2%
Change vs the same date a year earlier.
Revenue mix FY26
Paint100.0%result ₹1.4 Cr
Company Segment (including other income)0.0%result ₹−0.8 Cr
Segment revenue as reported, before inter-segment eliminations.