Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY19
| ₹ 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,022 | 456 | 623 | 861 | 957 | 430 | 522 | 928 | 783 | 436 | 598 | 832 | 782 | 523 | 630 | 951 | 508 | 628 | 728 | 741 | 471 | 570 | 725 | 663 | 346 | 533 | 692 | 363 | 318 | 388 | 613 |
| Other income | 13 | 11 | 9 | 10 | 12 | 11 | 6 | 10 | 5 | 6 | 2 | 5 | 3 | 4.5 | 2.1 | 2.1 | 7.5 | 5.5 | 7.5 | 7 | 8 | 7.6 | 13.1 | 11.8 | 9.5 | 9.8 | 5.3 | 6.7 | 9.4 | 4.9 | 7.4 |
| Total expenses | 869 | 487 | 596 | 740 | 840 | 482 | 509 | 795 | 723 | 471 | 570 | 728 | 700 | 615 | 603 | 858 | 531 | 581 | 659 | 638 | 469 | 522 | 630 | 554 | 370 | 496 | 586 | 358 | 308 | 361 | 495 |
| EBITDA | 185 | −1 | 58 | 154 | 150 | −20 | 44 | 166 | 96 | 6 | 62 | 133 | 110 | −65.3 | 53.3 | 118 | −2.8 | 67.4 | 88 | 122 | 17.8 | 60.1 | 117 | 128 | −9.9 | 54.9 | 120 | 19.2 | 19.8 | 39.5 | 129 |
| EBITDA margin | 18.1% | -0.2% | 9.3% | 17.9% | 15.7% | -4.7% | 8.4% | 17.9% | 12.3% | 1.4% | 10.4% | 16.0% | 14.1% | -12.5% | 8.5% | 12.4% | -0.6% | 10.7% | 12.1% | 16.4% | 3.8% | 10.5% | 16.1% | 19.4% | -2.9% | 10.3% | 17.3% | 5.3% | 6.2% | 10.2% | 21.1% |
| Finance costs | 2 | 1 | 2 | 3 | 4 | 2 | 2 | 3 | 5 | 8 | 4 | 3 | 3 | 4.9 | 3.4 | 2.2 | 1.2 | 1.4 | 1.2 | 0.9 | 1.1 | 0.8 | 1.4 | 2 | 1.1 | 1.6 | 1.3 | 1.2 | 1.6 | 1.8 | 0.8 |
| Depreciation | 30 | 29 | 29 | 30 | 29 | 30 | 29 | 30 | 31 | 33 | 30 | 26 | 25 | 22.6 | 22 | 22 | 19.7 | 18.4 | 17.7 | 18.5 | 14.8 | 11 | 20.3 | 17.9 | 12.7 | 15.9 | 12.4 | 12.4 | 8.8 | 10.3 | 10.2 |
| Profit before tax | 168 | −17 | 1 | 137 | 129 | −40 | 19 | 143 | 65 | −29 | 30 | 110 | 85 | −88.3 | 30 | 95.4 | −16.2 | 53.1 | 76.5 | 109 | 11.7 | 62 | 110 | 120 | −2.8 | 47.2 | 111 | 12.3 | 18.8 | 32.3 | 126 |
| Tax | 43 | −2 | −1 | 35 | 34 | −8 | 8 | 45 | 17 | −8 | 6 | 28 | 22 | −19.2 | 7.4 | 24.4 | −2.1 | 13.5 | 20.1 | 26.8 | 3.4 | 16.4 | 26.8 | 28.3 | −3.3 | 9.9 | 28.4 | 4 | 7.4 | 9.4 | 38.6 |
| Net profit | 125 | −15 | 2 | 102 | 95 | −32 | 11 | 98 | 48 | −21 | 24 | 82 | 63 | −69.1 | 22.6 | 71.1 | −14.1 | 39.5 | 56.4 | 82.4 | 8.2 | 45.6 | 83 | 91.9 | 0.6 | 37.2 | 82.9 | 8.3 | 11.4 | 22.9 | 87 |
| Net margin | 12.2% | -3.3% | 0.3% | 11.8% | 9.9% | -7.4% | 2.1% | 10.6% | 6.1% | -4.8% | 4.0% | 9.9% | 8.1% | -13.2% | 3.6% | 7.5% | -2.8% | 6.3% | 7.8% | 11.1% | 1.7% | 8.0% | 11.4% | 13.9% | 0.2% | 7.0% | 12.0% | 2.3% | 3.6% | 5.9% | 14.2% |
| EPS (₹) | 6.43 | -0.79 | 0.10 | 5.23 | 4.89 | -1.67 | 0.56 | 5.04 | 2.46 | -1.07 | 1.25 | 4.23 | 3.26 | -3.55 | 1.16 | 3.65 | -0.73 | 2.03 | 2.90 | 4.24 | 0.42 | 2.35 | 4.27 | 4.72 | 0.03 | 1.91 | 4.26 | 0.43 | 0.59 | 1.17 | 4.47 |
| Net profit YoY | +31.6% | +53.1% | −81.8% | +4.1% | +97.9% | −52.4% | −54.2% | +19.5% | −23.8% | +69.6% | +6.4% | +15.4% | – | −389.4% | −43.0% | +25.9% | −271.9% | −13.3% | −32.0% | −10.3% | +1391.5% | +22.5% | +0.1% | +1004.3% | −95.2% | +63.0% | −4.7% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,897 | 2,663 | 2,648 | 2,967 | 2,604 | 2,429 | 2,252 | 1,672 |
| Other income | 42 | 32 | 16 | 12.7 | 27.4 | 40.4 | 34.3 | 25.7 |
| Total expenses | 2,663 | 2,509 | 2,469 | 2,852 | 2,409 | 2,176 | 2,058 | 1,509 |
| EBITDA | 361 | 286 | 311 | 218 | 274 | 323 | 261 | 206 |
| EBITDA margin | 12.5% | 10.7% | 11.7% | 7.4% | 10.5% | 13.3% | 11.6% | 12.3% |
| Finance costs | 10 | 12 | 18 | 12.2 | 4.8 | 5.2 | 6.1 | 4.9 |
| Depreciation | 117 | 120 | 114 | 91.4 | 74.3 | 64.1 | 61.5 | 39.3 |
| Profit before tax | 250 | 187 | 196 | 128 | 222 | 304 | 239 | 188 |
| Tax | 66 | 62 | 48 | 36.1 | 58.2 | 74.9 | 53.8 | 58.9 |
| Net profit | 184 | 125 | 148 | 91.9 | 164 | 229 | 185 | 129 |
| Net margin | 6.4% | 4.7% | 5.6% | 3.1% | 6.3% | 9.4% | 8.2% | 7.7% |
| EPS (₹) | 9.46 | 6.43 | 7.61 | 4.73 | 8.45 | 11.76 | 9.54 | 6.63 |
| Net profit YoY | +47.2% | −15.5% | +61.0% | −44.0% | −28.2% | +23.3% | +43.8% | – |
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 | 172 | 295 | 269 | 217 | 166 |
| Investing cash flow | −95 | −214 | −102 | −142 | −103 |
| Financing cash flow | −66 | −80 | −184 | −41.1 | −61.4 |
| Capital expenditure | 41 | 68 | 70 | 169 | 156 |
| Free cash flow (CFO − capex) | 131 | 227 | 199 | 47.4 | 9.7 |
Net profit trend
annual, ₹ croreFY21
₹229
FY22
₹164−28%
FY23
₹91.9−44%
FY24
₹148+61%
FY25
₹125−16%
FY26
₹184+47%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 20 Jul 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | 27 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 20 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 16 Oct 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 14 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 23 Apr 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone | – | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 17 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 16 Oct 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 19 Jul 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 31.8×17.8×
P/B5Y avg 2.43×1.86×
ROEFY26, on average equity9.3%
Net margin6.4%
Debt / equity0.00×
Revenue CAGR (3Y)-0.8%
Profit CAGR (3Y)26.0%
EPS (TTM)₹11.26
Market cap₹3,807 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.86×
vs 8-point avg 2.43× (−23%)
1.86× low2.43× avg3.26× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹3,345 Cr+12%
Net worth₹2,043 Cr+7%
Total borrowings₹7 Cr−89%
Cash & bank balances₹39 Cr+39%
Investments₹506 Cr+23%
Inventories₹959 Cr+28%
Trade receivables₹616 Cr+14%
Trade payables₹728 Cr+35%
Change vs the same date a year earlier.
Revenue mix FY26
Agri Inputs99.3%result ₹217 Cr
Others0.7%result ₹11 Cr
Segment revenue as reported, before inter-segment eliminations.