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Quarterly results

consolidated · 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	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 FY19	Q4 FY18	Q4 FY17
Revenue from operations	529	573	461	428	451	507	392	356	321	323	284	252	211	202	218	213	164	183	163	138	96.4	164	152	117	85	134	166	155	152	184	165
Other income	3.1	8.9	4.8	19.6	17.7	1.8	3.7	2.3	3.1	2.8	1.6	1.9	1.7	6.6	3.9	3.1	2.6	1.6	0.7	0.6	0.9	0.6	0.7	0.5	0.8	0.9	0.9	0.5	0.4	0.8	0.2
Total expenses	506	555	455	430	444	483	365	329	298	300	264	235	198	195	208	203	159	180	161	137	98.2	162	151	118	87.4	130	159	148	146	176	159
EBITDA	34.7	29.9	15.1	6.2	15.2	31.7	33.6	31.3	26.8	27.1	24.1	21.3	16.8	11.3	15	13.9	7.8	6.7	6	5.2	2.5	5.7	5.3	3.6	2	9.3	11.5	12.3	12.1	13.9	9.9
EBITDA margin	6.6%	5.2%	3.3%	1.4%	3.4%	6.3%	8.6%	8.8%	8.3%	8.4%	8.5%	8.4%	8.0%	5.6%	6.9%	6.5%	4.8%	3.7%	3.7%	3.8%	2.6%	3.5%	3.5%	3.1%	2.3%	7.0%	7.0%	8.0%	7.9%	7.5%	6.0%
Finance costs	6.9	7.5	5.6	4.1	4	4.6	3.6	1.7	1.3	1.4	1.2	1.5	1.8	1.8	2.3	2	1.1	1	1.6	1.8	1.9	1.4	1.8	1.7	2.2	2.7	2.1	2.6	3.1	3.1	1.7
Depreciation	4.4	3.8	4	3.9	3.7	3.5	3.2	2.8	2.8	2.6	2.4	2.2	2.2	2.3	2.3	2.3	2.3	2.4	2.4	2.4	2.4	2.3	2.3	2.2	2.2	2.5	2.9	2.8	2.8	2.2	2.4
Profit before tax	26.5	27.5	10.4	17.8	25.2	25.4	30.5	29.1	25.9	25.9	22.1	19.5	14.5	13.8	14.3	12.6	7	4.9	2.7	1.6	−1	2.6	1.9	0.2	−1.6	5	7.4	7.3	6.6	9.3	10.3
Tax	6.8	6.9	2.9	4.6	6.7	6.7	7.9	8.8	0.6	−3.6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	19.7	20.5	7.5	13.3	18.5	18.7	22.6	20.3	25.3	29.5	22	19.5	14.5	13.8	14.3	12.6	7	4.9	2.7	1.6	−1	2.6	1.9	0.2	−1.6	5	7.4	7.3	6.6	9.3	10.3
Net margin	3.7%	3.6%	1.6%	3.1%	4.1%	3.7%	5.8%	5.7%	7.9%	9.1%	7.7%	7.7%	6.9%	6.8%	6.6%	5.9%	4.3%	2.7%	1.7%	1.2%	-1.0%	1.6%	1.3%	0.2%	-1.9%	3.7%	4.5%	4.7%	4.3%	5.1%	6.2%
EPS (₹)	0.64	0.67	0.25	0.43	0.61	0.62	0.74	0.67	0.83	1.00	0.81	0.86	0.72	0.67	0.72	0.65	0.36	0.25	0.14	0.08	-0.05	0.14	0.11	0.01	-0.09	0.29	0.43	0.42	0.39	0.54	0.71
Net profit YoY	+6.5%	+9.5%	−66.9%	−34.8%	−26.9%	−36.5%	+2.6%	+4.3%	+74.1%	+113.7%	+53.8%	+54.4%	+106.8%	+183.6%	+423.5%	+694.0%	+812.4%	+88.8%	+43.6%	+599.7%	+38.7%	−48.5%	−74.4%	−96.9%	–	–	–	–	–	−9.2%	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18	FY17
Revenue from operations	1,913	1,576	1,071	796	581	519	606	614	435
Other income	51.1	11	8	16.3	3.7	2.7	2.7	3.3	4.1
Total expenses	1,884	1,476	997	765	576	519	583	589	451
EBITDA	66.3	123	89.3	47.9	20.4	16.5	45.2	42.5	−2.7
EBITDA margin	3.5%	7.8%	8.3%	6.0%	3.5%	3.2%	7.5%	6.9%	-0.6%
Finance costs	21.2	11.2	5.9	7.2	6.4	7	10.5	8	4.5
Depreciation	15.4	12.3	9.4	9.3	9.5	9.1	11	8.6	9.2
Profit before tax	80.8	111	82	47.8	8.2	3.1	26.3	29.2	14.7
Tax	21.1	24	−3.6	0	0	0	0	0	0
Net profit	59.8	87	85.6	47.8	8.2	3.1	26.3	29.2	14.7
Net margin	3.1%	5.5%	8.0%	6.0%	1.4%	0.6%	4.3%	4.7%	3.4%
EPS (₹)	1.96	2.85	3.29	2.40	0.42	0.17	1.53	1.74	1.10
Net profit YoY	−31.3%	+1.6%	+79.3%	+482.2%	+164.7%	−88.2%	–	+98.5%	–

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	−38	104	−101	11.1	14.6
Investing cash flow	−50.7	−1.2	−95.8	−16.3	−1.1
Financing cash flow	70.1	−84.1	183	21.8	−19.5
Capital expenditure	52.9	60.4	52.6	8.9	2.9
Free cash flow (CFO − capex)	−90.9	43.7	−153	2.1	11.8

Net profit trend

annual, ₹ crore

FY21

₹3.1

FY22

₹8.2+165%

FY23

₹47.8+482%

FY24

₹85.6+79%

FY25

₹87+2%

FY26

₹59.8−31%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	14 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	14 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	12 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	12 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	13 Nov 2025	PDF XBRL
Q2 FY26	Standalone	13 Nov 2025	PDF XBRL
Q1 FY26	Consolidated	13 Aug 2025	PDF XBRL
Q1 FY26	Standalone	13 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY264.32 MB FY259.75 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 18.9×29.9×

P/B5Y avg 2.84×2.35×

ROEFY26, on average equity8.0%

Net margin3.1%

Debt / equity0.15×

Revenue CAGR (3Y)33.9%

Profit CAGR (3Y)7.7%

EPS (TTM)₹2.00

Market cap₹1,825 Cr

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

P/B vs history

2.35×

vs 8-point avg 2.84× (−17%)

1.12× low2.84× avg4.83× high

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

Balance sheet 31 Mar 2026

Total assets₹1,129 Cr+24%

Net worth₹778 Cr+8%

Total borrowings₹116 Cr+358%

Cash & bank balances₹5 Cr−80%

Investments₹0 Cr

Inventories₹285 Cr−8%

Trade receivables₹413 Cr+102%

Trade payables₹197 Cr+43%

Change vs the same date a year earlier.

Revenue mix FY26

Wires and Cables99.7%result ₹50.8 Cr

Pipes0.3%result ₹0.1 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 1 Jul 2026

%	Jul 26	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Jan 24
Promoter	45.88	49.18	49.18	49.12	49.06	49.06	49.06	49.07	49.07	49.31	49.31	49.60
FII	0.45	0.48	0.51	0.29	0.45	0.38	0.82	0.75	2.21	7.11	6.98	7.05
DII	4.11	0.11	0.11	0.07	0.07	0.08	0.00	0.02	0.00	0.00	0.00	0.00
Retail	36.84	38.56	40.78	40.84	40.41	40.10	39.67	39.33	37.01	31.53	30.95	29.98
Other public	12.72	11.67	9.42	9.68	10.01	10.38	10.45	10.83	11.71	12.05	12.76	13.37

1,32,082 shareholders · NSE shareholding pattern filings.