Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY20
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 211 | 163 | 141 | 182 | 180 | 160 | 138 | 170 | 169 | 165 | 215 | 226 | 261 | 435 | 301 | 344 | 570 | 414 | 295 | 271 | 287 | 306 | 207 | 203 | 195 | 180 |
| Other income | 9.9 | 17.9 | 19.4 | 7.1 | 10.4 | 15.3 | 12.6 | 9.1 | 2.4 | 8.6 | 10.4 | 2.5 | 0.7 | 20.2 | 10.6 | 2.8 | 0.5 | 6.7 | 0.4 | 1.3 | 2.3 | 4.3 | 0.6 | 0.8 | 1 | 2.3 |
| Total expenses | 183 | 152 | 123 | 158 | 155 | 145 | 121 | 144 | 145 | 143 | 196 | 203 | 229 | 377 | 280 | 316 | 522 | 377 | 254 | 244 | 265 | 293 | 184 | 182 | 177 | 172 |
| EBITDA | 29.9 | 13.3 | 20.3 | 27 | 27.9 | 17.6 | 19.8 | 28.9 | 25.7 | 27 | 22.2 | 26.2 | 35.2 | 64.3 | 26.4 | 33.9 | 53 | 42.6 | 50.6 | 32.2 | 27.2 | 26.3 | 36.2 | 35.5 | 32.3 | 22.5 |
| EBITDA margin | 14.2% | 8.1% | 14.4% | 14.8% | 15.5% | 11.0% | 14.3% | 17.0% | 15.2% | 16.4% | 10.3% | 11.6% | 13.5% | 14.8% | 8.8% | 9.9% | 9.3% | 10.3% | 17.1% | 11.9% | 9.5% | 8.6% | 17.5% | 17.5% | 16.6% | 12.5% |
| Finance costs | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.7 | 0.4 | 0.3 | 0.6 | 2.1 | 0.6 | 0.6 | 0.6 | 0.7 | 0.4 | 0.5 | 0.4 | 0.4 | 5.2 | 0.7 | 0.8 | 0.4 | 1 | 1.9 | 2.2 | 2.5 |
| Depreciation | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.9 | 1.8 | 1.9 | 1.7 | 2.8 | 2.6 | 2.6 | 2.6 | 5.3 | 4.7 | 4.9 | 4.5 | 5.1 | 4.7 | 4.7 | 4.7 | 12.8 | 12.6 | 12.6 | 12.6 | 12.6 |
| Profit before tax | 33.9 | 23.4 | 34.3 | 31.8 | 31.3 | 27.3 | 30.2 | 35.8 | 25.9 | 25.7 | 23.5 | 25.4 | 32.7 | 78.6 | 31.9 | 31.3 | 48.7 | 43.8 | 41.1 | 28.1 | 24 | 17.4 | 23.2 | 21.8 | 18.5 | 9.7 |
| Tax | 9.2 | 3.4 | 10.5 | 8.5 | 8.9 | 5.3 | 8.6 | 10.5 | 7.2 | 6.2 | 6.8 | 6.9 | 8.4 | 7.4 | 8.4 | 7.6 | 12.7 | 6.5 | 14.5 | 7.4 | 5.8 | 3.8 | 5.9 | 5.7 | 4.9 | −1.6 |
| Net profit | 24.7 | 20.1 | 23.7 | 23.3 | 22.4 | 22 | 21.6 | 25.3 | 18.6 | 19.5 | 16.6 | 18.5 | 24.3 | 71.1 | 23.5 | 23.7 | 35.9 | 37.3 | 26.6 | 20.7 | 18.2 | 13.6 | 17.2 | 16.2 | 13.6 | 11.4 |
| Net margin | 11.7% | 12.3% | 16.8% | 12.8% | 12.4% | 13.7% | 15.6% | 14.9% | 11.0% | 11.8% | 7.8% | 8.2% | 9.3% | 16.3% | 7.8% | 6.9% | 6.3% | 9.0% | 9.0% | 7.6% | 6.3% | 4.4% | 8.3% | 8.0% | 7.0% | 6.3% |
| EPS (₹) | 14.54 | 11.84 | 14.18 | 13.57 | 13.06 | 12.81 | 12.56 | 14.74 | 10.85 | 11.39 | 9.69 | 10.77 | 14.16 | 41.43 | 13.70 | 13.81 | 20.93 | 21.75 | 15.49 | 12.04 | 10.60 | 7.91 | 10.04 | 9.42 | 7.92 | 6.62 |
| Net profit YoY | +10.3% | −8.8% | +10.2% | −7.9% | +20.4% | +12.5% | +29.6% | +36.9% | −23.4% | −72.5% | −29.3% | −22.0% | −32.4% | +90.5% | −11.5% | +14.6% | +97.6% | +174.9% | +54.3% | +27.8% | +33.8% | +19.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 667 | 638 | 866 | 1,650 | 1,267 | 911 | 689 |
| Other income | 54.8 | 39.5 | 22.1 | 34.1 | 10.7 | 6.6 | 3.9 |
| Total expenses | 587 | 555 | 770 | 1,494 | 1,141 | 837 | 648 |
| EBITDA | 88.5 | 92 | 111 | 178 | 149 | 130 | 100 |
| EBITDA margin | 13.3% | 14.4% | 12.8% | 10.8% | 11.7% | 14.3% | 14.6% |
| Finance costs | 1.7 | 2 | 4 | 2 | 3.2 | 5.5 | 8.7 |
| Depreciation | 7.2 | 7.3 | 10.6 | 19.3 | 19.2 | 50.6 | 50.3 |
| Profit before tax | 121 | 119 | 107 | 190 | 137 | 80.8 | 45.4 |
| Tax | 30.7 | 31.7 | 28.3 | 36.2 | 34.2 | 20.3 | 7.5 |
| Net profit | 90.1 | 87.5 | 79 | 154 | 103 | 60.6 | 37.9 |
| Net margin | 13.5% | 13.7% | 9.1% | 9.3% | 8.1% | 6.7% | 5.5% |
| EPS (₹) | 53.27 | 50.96 | 46.01 | 89.87 | 59.88 | 35.29 | 22.08 |
| Net profit YoY | +3.1% | +10.8% | −48.8% | +50.1% | +69.7% | +59.8% | – |
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 | 39.2 | 65.2 | 139 | 141 | 59.8 |
| Investing cash flow | 37 | −8.2 | −133 | −112 | −1.2 |
| Financing cash flow | −11 | −17.3 | −17.1 | −16.7 | −51.3 |
| Capital expenditure | 6.3 | 2.4 | 20 | 9.9 | 14.4 |
| Free cash flow (CFO − capex) | 32.8 | 62.8 | 119 | 132 | 45.3 |
Net profit trend
annual, ₹ croreFY21
₹60.6
FY22
₹103+70%
FY23
₹154+50%
FY24
₹79−49%
FY25
₹87.5+11%
FY26
₹90.1+3%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 12 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 12 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 14 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 14 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 | 14 Aug 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 8.1×11.1×
P/B5Y avg 1.13×1.05×
ROEFY26, on average equity9.5%
Net margin13.5%
Debt / equity0.00×
Revenue CAGR (3Y)-26.1%
Profit CAGR (3Y)-16.4%
EPS (TTM)₹53.50
Market cap₹1,021 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.05×
vs 8-point avg 1.13× (−7%)
0.68× low1.13× avg1.78× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,115 Cr+4%
Net worth₹971 Cr+6%
Total borrowings₹0 Cr−97%
Cash & bank balances₹434 Cr+18%
Investments₹307 Cr−12%
Inventories₹50 Cr+26%
Trade receivables₹84 Cr−19%
Trade payables₹12 Cr−18%
Change vs the same date a year earlier.
Revenue mix FY25
Chemicals97.7%result ₹78.8 Cr
Trading1.4%result ₹−0 Cr
Power Generation0.9%result ₹2.9 Cr
Segment revenue as reported, before inter-segment eliminations.