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 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,074 | 2,065 | 1,289 | 929 | 985 | 1,829 | 929 | 777 | 785 | 1,312 | 632 | 581 | 638 | 1,482 | 1,017 | 722 | 825 | 1,434 | 880 | 643 | 623 | 1,088 | 494 | 425 | 389 | 876 | 383 | 324 | 471 | 310 | 769 |
| Other income | 34.5 | 22.4 | 21.2 | 29.4 | 32.5 | 25.2 | 0.6 | 25.5 | 19.3 | −2 | 12.2 | 23.6 | 26 | 7 | 2.7 | 10.2 | 20.3 | 2.7 | 6.9 | 12.9 | 6.5 | 16.8 | 9.7 | 9.5 | 10 | 10.3 | 12.1 | 8.8 | 4.6 | 18.2 | −2.4 |
| Total expenses | 990 | 1,665 | 1,131 | 873 | 848 | 1,598 | 884 | 757 | 774 | 1,112 | 633 | 638 | 769 | 1,234 | 877 | 717 | 827 | 1,217 | 751 | 614 | 563 | 938 | 426 | 404 | 364 | 748 | 378 | 338 | 448 | 299 | 594 |
| EBITDA | 186 | 487 | 241 | 133 | 215 | 303 | 115 | 89.6 | 77 | 255 | 69.5 | 21.2 | −59.3 | 318 | 207 | 65.1 | 52.9 | 290 | 188 | 89.7 | 115 | 203 | 109 | 63.8 | 61 | 163 | 39.4 | 19.8 | 47.3 | 34.7 | 198 |
| EBITDA margin | 17.3% | 23.6% | 18.7% | 14.3% | 21.9% | 16.6% | 12.3% | 11.5% | 9.8% | 19.4% | 11.0% | 3.6% | -9.3% | 21.5% | 20.3% | 9.0% | 6.4% | 20.2% | 21.4% | 14.0% | 18.4% | 18.7% | 22.0% | 15.0% | 15.7% | 18.7% | 10.3% | 6.1% | 10.0% | 11.2% | 25.7% |
| Finance costs | 1.8 | 0.5 | 0.4 | 0.3 | 0.6 | 0.4 | 0.5 | 0.5 | 0.8 | 0.2 | 0.9 | 4.6 | 1.3 | 2.5 | 0.9 | 0.4 | 0.8 | 0.7 | 0.4 | 0.4 | 0.6 | 0.8 | 0.4 | 0.7 | 0.8 | 0.4 | 0.4 | 0.4 | 0.4 | 4.2 | 4.6 |
| Depreciation | 100 | 87 | 83.3 | 76.2 | 78.1 | 71.9 | 68.9 | 69.1 | 64.8 | 54.3 | 68.6 | 74 | 70.3 | 67.7 | 65.3 | 60.4 | 54.7 | 71.7 | 59 | 60.6 | 53.9 | 52.2 | 40.4 | 42.3 | 35.5 | 35 | 33.9 | 33 | 23.3 | 19.7 | 18.5 |
| Profit before tax | 118 | 422 | 179 | 85.7 | 169 | 256 | 45.9 | 45.5 | 30.8 | 198 | 12.1 | −33.8 | −105 | 255 | 143 | 14.5 | 17.6 | 220 | 136 | 41.5 | 66.5 | 167 | 77.6 | 30.2 | 34.7 | 138 | 17.2 | −4.7 | 28.2 | 29.1 | 172 |
| Tax | 30.4 | 103 | 33.4 | 11.4 | 26.3 | 52.5 | 14.8 | 3.1 | 3.5 | 54.9 | 7.5 | −6.3 | −16.2 | 56.3 | 35 | 2.5 | −5 | 43.5 | 33.6 | 9.5 | 28.4 | 33 | 29.3 | 11.2 | 6.8 | −3.5 | 11.4 | 0.9 | 7.9 | 12.9 | 58.7 |
| Net profit | 88 | 319 | 145 | 74.4 | 143 | 204 | 31.1 | 42.4 | 27.3 | 143 | 4.6 | −27.6 | −88.6 | 199 | 108 | 12.1 | 22.6 | 177 | 102 | 32 | 38.1 | 134 | 48.3 | 19.1 | 27.9 | 142 | 5.9 | −5.6 | 20.3 | 16.2 | 113 |
| Net margin | 8.2% | 15.4% | 11.3% | 8.0% | 14.5% | 11.1% | 3.4% | 5.5% | 3.5% | 10.9% | 0.7% | -4.7% | -13.9% | 13.4% | 10.7% | 1.7% | 2.7% | 12.3% | 11.6% | 5.0% | 6.1% | 12.3% | 9.8% | 4.5% | 7.2% | 16.2% | 1.5% | -1.7% | 4.3% | 5.2% | 14.7% |
| EPS (₹) | 9.76 | 35.32 | 16.09 | 8.24 | 15.83 | 22.57 | 3.45 | 4.70 | 3.02 | 15.90 | 0.51 | -3.06 | -9.82 | 22.04 | 12.01 | 1.34 | 2.51 | 19.62 | 11.33 | 3.55 | 4.22 | 14.84 | 5.35 | 2.11 | 3.09 | 15.70 | 0.65 | -0.62 | 2.25 | 1.79 | 12.55 |
| Net profit YoY | −38.4% | +56.5% | +365.9% | +75.3% | +424.0% | +41.9% | +570.8% | +253.8% | +130.7% | −27.8% | −95.7% | −328.2% | −491.5% | +12.4% | +6.1% | −62.3% | −40.5% | +32.2% | +111.6% | +67.9% | +36.4% | −5.5% | +723.9% | +439.6% | – | – | −71.1% | −134.7% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,268 | 4,320 | 3,163 | 4,045 | 3,580 | 2,396 | 2,003 | 1,713 |
| Other income | 106 | 59.5 | 59.8 | 40.3 | 28.9 | 45.9 | 42.1 | 16.6 |
| Total expenses | 4,518 | 4,001 | 3,151 | 3,655 | 3,144 | 2,132 | 1,860 | 1,443 |
| EBITDA | 1,076 | 596 | 283 | 643 | 683 | 437 | 282 | 345 |
| EBITDA margin | 20.4% | 13.8% | 8.9% | 15.9% | 19.1% | 18.2% | 14.1% | 20.2% |
| Finance costs | 1.8 | 2.1 | 3.6 | 4.5 | 2.2 | 2.8 | 1.9 | 4.9 |
| Depreciation | 325 | 275 | 267 | 248 | 245 | 170 | 137 | 69.9 |
| Profit before tax | 856 | 378 | 71.9 | 431 | 464 | 309 | 185 | 287 |
| Tax | 175 | 73.9 | 40 | 88.8 | 115 | 80.2 | 20.2 | 96.4 |
| Net profit | 681 | 304 | 31.9 | 342 | 349 | 229 | 165 | 191 |
| Net margin | 12.9% | 7.0% | 1.0% | 8.5% | 9.8% | 9.6% | 8.2% | 11.1% |
| EPS (₹) | 75.47 | 33.74 | 3.53 | 37.90 | 38.71 | 25.40 | 18.25 | 21.15 |
| Net profit YoY | +123.7% | +854.1% | −90.7% | −2.1% | +52.4% | +39.2% | – | – |
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 | 656 | 604 | 341 | 328 | 267 |
| Investing cash flow | −513 | −510 | −393 | −145 | −208 |
| Financing cash flow | −118 | −67.9 | −36.9 | −97.1 | −91 |
| Capital expenditure | 0.5 | 0.2 | 0.5 | 0.7 | 0.3 |
| Free cash flow (CFO − capex) | 655 | 603 | 341 | 328 | 267 |
Net profit trend
annual, ₹ croreFY21
₹229
FY22
₹349+52%
FY23
₹342−2%
FY24
₹31.9−91%
FY25
₹304+854%
FY26
₹681+124%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | – | PDF on NSE XBRL |
| Q1 FY27 | Consolidated | 29 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 29 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 13 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 13 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.0×10.8×
P/B5Y avg 2.09×2.16×
ROEFY26, on average equity24.2%
Net margin12.9%
Debt / equity0.00×
Revenue CAGR (3Y)9.2%
Profit CAGR (3Y)25.8%
EPS (TTM)₹69.41
Market cap₹6,763 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.16×
vs 8-point avg 2.09× (+3%)
1.30× low2.09× avg2.77× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5,780 Cr+22%
Net worth₹3,136 Cr+25%
Total borrowings₹0 Cr
Cash & bank balances₹220 Cr+73%
Investments₹361 Cr+23%
Inventories₹1,120 Cr+15%
Trade receivables₹2,389 Cr+22%
Trade payables₹1,499 Cr+14%
Change vs the same date a year earlier.
Revenue mix FY26
Agrochemicals89.5%result ₹685 Cr
Non-Agrochemicals10.5%result ₹144 Cr
Segment revenue as reported, before inter-segment eliminations.