Your investments deserve an analyst, not a dashboard.

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 FY20	Q4 FY19	Q4 FY17
Revenue from operations	174	134	106	120	145	158	105	134	139	128	96.1	110	131	124	93.1	134	160	143	111	127	91.1	147	102	97.7	26.2	107	68.2	82.9	96.7	0	0
Other income	4	6.6	4.1	4.1	3.4	2.2	5	4.8	6.9	5.2	3.1	2.9	1.1	0.6	1.5	1.1	0.6	0.9	0.2	0.3	0.3	1	0.3	0.5	0.3	0.4	0.6	0	0.5	0	0
Total expenses	167	123	101	117	152	152	98.9	125	126	115	84.8	99.3	116	110	84.5	120	142	131	99.9	116	86.4	136	96.2	93.4	36.3	106	68.8	84.7	96.7	0	0
EBITDA	15.8	16.2	10.6	7.3	−2.5	10.8	10.6	13.2	15.6	16.8	15.2	14.9	19.3	19.3	13	19.1	23.1	17.2	17.9	17.3	11.4	18.3	13	12.2	−2.4	9	7.1	5.8	7.8	0	0
EBITDA margin	9.1%	12.1%	10.0%	6.1%	-1.7%	6.8%	10.1%	9.8%	11.3%	13.1%	15.8%	13.5%	14.7%	15.5%	14.0%	14.2%	14.5%	12.1%	16.1%	13.7%	12.5%	12.4%	12.7%	12.5%	-9.2%	8.4%	10.3%	7.0%	8.0%	–	–
Finance costs	3.2	2.2	2	1.7	1.7	1.5	2.1	1.4	0.9	0.8	1.2	1.3	1.8	1.9	1.6	1.8	2.2	2.1	3.5	3.7	3.7	4	4	4.8	4.5	4.6	4.6	4.6	4.8	0	0
Depreciation	5.1	3.1	3	3	3	2.8	2.8	2.9	2.6	2.6	2.7	2.9	2.9	2.7	2.9	2.9	2.9	2.9	3	3.1	3	3	3.2	3.1	3.1	3.1	3.1	3	3.1	0	0
Profit before tax	11.6	17.6	9.8	6.7	−3.7	8.8	10.7	13.7	19	16.5	14.4	13.5	15.7	15.2	10.1	15.4	18.5	13.1	11.6	10.8	5	12.3	6.1	5.3	−10.3	1.8	0	−1.8	0.4	0	0
Tax	3.9	4.3	3	1.7	1.7	2.2	3.2	3.8	5	4.1	3.8	4.1	4.4	11	3.6	−0.7	0	−4.3	0	0	0	2.7	0	0	2.4	0	0	0	0	0	0
Net profit	7.6	13.2	6.8	5	−5.5	6.6	7.5	9.9	14	12.4	10.7	9.5	11.3	4.3	6.5	16.1	18.5	17.5	11.6	10.8	5	9.6	6.1	5.3	−12.7	1.8	0	−1.8	0.4	0	0
Net margin	4.4%	9.9%	6.4%	4.1%	-3.8%	4.2%	7.1%	7.4%	10.1%	9.7%	11.1%	8.6%	8.6%	3.4%	7.0%	12.0%	11.6%	12.2%	10.4%	8.6%	5.5%	6.5%	6.0%	5.4%	-48.4%	1.7%	0.0%	-2.2%	0.4%	–	–
EPS (₹)	3.38	5.64	2.91	2.14	-2.46	2.95	3.37	4.51	6.36	5.88	5.16	4.64	6.20	2.40	3.65	9.08	10.46	14.77	9.83	9.18	4.25	8.16	5.20	4.46	-10.75	1.51	0.01	-1.54	0.36	0.00	0.00
Net profit YoY	+239.1%	+101.5%	−8.6%	−50.0%	−139.1%	−47.1%	−30.0%	+4.8%	+24.1%	+191.3%	+64.9%	−41.1%	−39.1%	−75.5%	−44.3%	+48.5%	+269.2%	+81.0%	+89.3%	+105.5%	+139.5%	+442.0%	+60069.6%	+390.6%	−3090.3%	–	–	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY17
Revenue from operations	505	535	465	511	472	373	355	347	318
Other income	18.2	18.9	12.2	3.9	1.8	2.1	1.5	7.6	5
Total expenses	493	502	415	456	433	362	356	353	334
EBITDA	31.6	50.2	66.1	74.4	63.8	41.1	29.7	26.5	20.9
EBITDA margin	6.3%	9.4%	14.2%	14.6%	13.5%	11.0%	8.4%	7.6%	6.6%
Finance costs	7.5	5.9	5	7.5	13	17.3	18.6	19.9	21.4
Depreciation	12	11	11.1	11.5	12.1	12.4	12.2	12.7	15.8
Profit before tax	30.3	52.2	60.2	59.2	40.6	13.5	0.4	2.4	10.5
Tax	10.8	14.2	16.3	13.9	−4.3	5.1	0	0	0
Net profit	19.6	38	43.9	45.4	44.9	8.4	0.4	2.3	10.5
Net margin	3.9%	7.1%	9.4%	8.9%	9.5%	2.2%	0.1%	0.7%	3.3%
EPS (₹)	8.46	17.17	21.81	25.57	38.03	7.07	0.34	1.96	8.89
Net profit YoY	−48.5%	−13.4%	−3.3%	+1.0%	+437.9%	+1997.3%	−82.8%	–	–

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	20.4	12.8	44	82.9	48.6
Investing cash flow	−161	−113	−320	−58.3	−10.5
Financing cash flow	151	203	278	−43.1	−21.2
Capital expenditure	141	287	38.2	36.3	6.5
Free cash flow (CFO − capex)	−120	−275	5.8	46.5	42.1

Net profit trend

annual, ₹ crore

FY21

₹8.4

FY22

₹44.9+438%

FY23

₹45.4+1%

FY24

₹43.9−3%

FY25

₹38−13%

FY26

₹19.6−49%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	31 Jul 2026	PDF XBRL
Q1 FY27	Standalone	31 Jul 2026	PDF XBRL
Q4 FY26	Consolidated · audited	20 May 2026	PDF XBRL
Q4 FY26	Standalone · audited	20 May 2026	PDF XBRL
Q3 FY26	Consolidated	4 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	4 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	6 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	6 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	28 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	28 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY263.74 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 72.4×86.0×

P/B5Y avg 5.32×3.70×

ROEFY26, on average equity2.9%

Net margin3.9%

Debt / equity0.38×

Revenue CAGR (3Y)-0.4%

Profit CAGR (3Y)-24.5%

EPS (TTM)₹13.92

Market cap₹2,810 Cr

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

P/B vs history

3.70×

vs 8-point avg 5.32× (−31%)

3.13× low5.32× avg7.63× high

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

Balance sheet 31 Mar 2026

Total assets₹1,218 Cr+23%

Net worth₹760 Cr+24%

Total borrowings₹289 Cr+22%

Cash & bank balances₹96 Cr−8%

Investments₹0 Cr+9%

Inventories₹73 Cr+21%

Trade receivables₹69 Cr−11%

Trade payables₹44 Cr−39%

Change vs the same date a year earlier.

Revenue mix FY26

Within India100.0%result ₹38.2 Cr

Segment revenue as reported, before inter-segment eliminations.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jul 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Feb 24
Promoter	40.31	40.31	40.31	40.31	40.73	42.43	42.43	42.23	42.46	42.46	42.46	42.46
FII	13.81	13.89	14.63	14.45	14.92	13.76	14.01	14.31	14.92	15.04	14.97	14.98
DII	2.94	2.88	3.13	3.40	3.35	3.01	3.00	3.00	2.90	3.11	3.10	3.32
of which MF	1.11	1.05	0.84	0.79	0.79	0.82	–	–	–	–	–	–
Retail	30.75	30.50	29.29	29.17	27.86	27.29	27.70	27.49	27.00	27.46	27.19	27.32
Other public	12.19	12.42	12.64	12.67	13.14	13.51	12.86	12.97	12.72	11.93	12.28	11.92

27,413 shareholders · NSE shareholding pattern filings.