Quarterly results
standalone · 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 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7.9 | 10.3 | 13.7 | 32.1 | 13.7 | 18.4 | 17.8 | 20.1 | 13.4 | 21.8 | 21.1 | 22.2 | 15 | 20.7 | 23.4 | 22.8 | 19.1 | 23.3 | 25.7 | 19.7 | 8.5 | 21.1 | 19.9 | 12.7 | 1.6 | 30.6 | 41.5 | 35.9 | 31.3 | 40.4 | 44.1 | 42.5 | 34.3 | 42.7 |
| Other income | 0.3 | 0.4 | 0.9 | 4.8 | 4.2 | 1.9 | 3 | 1 | 1 | 0.6 | 0.8 | 1.6 | 0.8 | 8.3 | 1 | 0.5 | 2.3 | 1.5 | 1.3 | 2.1 | 3.9 | 3 | 8.1 | 6.9 | 4.6 | 0.4 | 0.5 | 0.4 | 0.5 | 0.6 | 0.5 | 0.3 | 0.4 | 0.7 |
| Total expenses | 10.2 | 16.2 | 14.5 | 36.3 | 17.8 | 21.6 | 20.6 | 21.1 | 15.9 | 31.2 | 20.9 | 22.9 | 17.5 | 27.6 | 23.9 | 22.3 | 23.1 | 25.5 | 27.1 | 23.3 | 14.3 | 25.8 | 26.3 | 19.2 | 10.6 | 32.5 | 44 | 39.6 | 35.2 | 41.9 | 43.1 | 42 | 35.5 | 42.5 |
| EBITDA | −0.2 | −3.5 | 1.4 | 0.4 | −1.6 | −0.5 | 0.4 | 2.1 | 0.7 | −5.8 | 3.8 | 3.1 | 0.8 | −3.3 | 3 | 4.7 | 0.1 | 2.1 | 3 | 1 | −0.7 | 0.8 | −0.3 | −0.2 | −2.3 | 2.5 | 11.9 | −0.9 | 2.5 | 0.1 | 2.7 | 2.1 | 0.2 | 1.9 |
| EBITDA margin | -3.1% | -34.4% | 10.1% | 1.1% | -11.9% | -2.8% | 2.0% | 10.2% | 5.2% | -26.8% | 18.1% | 13.8% | 5.6% | -15.9% | 12.9% | 20.5% | 0.3% | 9.1% | 11.5% | 5.3% | -8.1% | 3.7% | -1.5% | -1.6% | -146.1% | 8.1% | 28.6% | -2.4% | 8.1% | 0.2% | 6.2% | 5.0% | 0.6% | 4.3% |
| Finance costs | 0.9 | 0.9 | 1 | 2 | 1 | 1.1 | 1.2 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | 1.3 | 1 | 1.6 | 1.3 | 1.4 | 1.4 | 1.5 | 1.4 | 1.5 | 2 | 1.9 | 2.1 | 1.8 | 5.3 | 1.7 | 0.7 | 0.6 | 0.8 | 0.7 | 0.5 | 0.6 |
| Depreciation | 1.1 | 1.4 | 1.2 | 2.6 | 1.4 | 1.6 | 1.9 | 1.8 | 2 | 2.3 | 2.3 | 2.4 | 2.2 | 2.4 | 2.5 | 2.6 | 2.8 | 2.9 | 3 | 3.2 | 3.6 | 3.9 | 4.2 | 4.4 | 4.6 | 2.5 | 9.1 | 1.1 | 5.7 | 0.9 | 0.9 | 0.9 | 0.9 | 1 |
| Profit before tax | −2 | −5.5 | 0.1 | 0.5 | 0.2 | −1.3 | 0.2 | 0 | −1.6 | −8.8 | 1 | 0.9 | −1.7 | 1.4 | 0.5 | 1 | −1.8 | −0.7 | −0 | −1.5 | −1.8 | −1.7 | 1.7 | 0.4 | −4.4 | −1.5 | −2 | −3.3 | −3.4 | −0.8 | 1.4 | 0.9 | −0.8 | 1 |
| Tax | −0.6 | −1.2 | 0.2 | 0.5 | −0.1 | −0.2 | 0.1 | −0.6 | −0.6 | −0.2 | 0.3 | −0.2 | −0.4 | −1 | 0.1 | 0.3 | −0.7 | −0.3 | −0 | −0.4 | −0.8 | −0.6 | 0.4 | −0.3 | −1.2 | −4.1 | 3 | −0.9 | −1.1 | −0.5 | 0.5 | 0.3 | −0.3 | 0.7 |
| Net profit | −1.4 | −4.3 | −0.1 | 0 | 0.3 | −1.1 | 0 | 0.6 | −1 | −8.6 | 0.6 | 1.1 | −1.4 | 2.4 | 0.4 | 0.7 | −1.1 | −0.4 | −0 | −1.1 | −1.1 | −1.1 | 1.3 | 0.6 | −3.2 | 2.6 | −5.1 | −2.4 | −2.3 | −0.3 | 0.9 | 0.6 | −0.5 | 0.3 |
| Net margin | -17.5% | -41.5% | -0.5% | 0.1% | 2.2% | -6.0% | 0.2% | 3.1% | -7.6% | -39.5% | 3.1% | 5.1% | -9.1% | 11.8% | 1.5% | 3.1% | -5.7% | -1.8% | -0.1% | -5.6% | -12.7% | -5.3% | 6.4% | 5.1% | -204.9% | 8.5% | -12.2% | -6.7% | -7.4% | -0.9% | 2.1% | 1.5% | -1.4% | 0.7% |
| EPS (₹) | -0.41 | -1.26 | -0.02 | 0.01 | 0.09 | -0.33 | 0.01 | 0.19 | -0.30 | 2.55 | 0.19 | 0.33 | -0.40 | 0.72 | 0.10 | 0.21 | -0.32 | -0.12 | -0.01 | -0.33 | -0.32 | -0.33 | 0.38 | 0.19 | -0.95 | 0.77 | -1.50 | -0.72 | -0.68 | -0.11 | 0.27 | 0.19 | -0.14 | 0.09 |
| Net profit YoY | −560.7% | −286.6% | −363.6% | −92.4% | +129.5% | +87.2% | −95.6% | −43.9% | +25.7% | −452.4% | +84.8% | +61.3% | −26.2% | +688.2% | +1155.4% | +163.3% | −0.3% | +62.6% | −102.6% | −270.1% | +66.2% | −142.4% | +125.3% | +126.7% | −38.0% | +855.4% | −654.6% | −483.9% | −392.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 56.1 | 69.7 | 80.1 | 86 | 77.2 | 55.3 | 139 | 161 | 48.6 |
| Other income | 6.1 | 6.9 | 3.7 | 12.1 | 8.9 | 22.6 | 1.8 | 1.8 | 0.7 |
| Total expenses | 67 | 79.3 | 92.4 | 97 | 90.2 | 81.9 | 151 | 162 | 52.1 |
| EBITDA | −1.8 | 2.6 | 1.9 | 4.5 | 5.4 | −2 | 16 | 5.2 | −1.9 |
| EBITDA margin | -3.2% | 3.7% | 2.3% | 5.2% | 7.0% | -3.6% | 11.5% | 3.2% | -3.9% |
| Finance costs | 3.9 | 4.9 | 5 | 5.2 | 5.7 | 7.5 | 9.6 | 2.7 | 0.9 |
| Depreciation | 5.2 | 7.3 | 9.2 | 10.3 | 12.7 | 17.1 | 18.4 | 3.6 | 0.7 |
| Profit before tax | −4.8 | −2.7 | −8.6 | 1.1 | −4.1 | −4 | −10.2 | 0.7 | −2.8 |
| Tax | −0.5 | −1.3 | −0.4 | −1.3 | −1.4 | −1.6 | −3 | 0 | −1.2 |
| Net profit | −4.3 | −1.5 | −8.2 | 2.4 | −2.6 | −2.4 | −7.2 | 0.7 | −1.6 |
| Net margin | -7.7% | -2.1% | -10.3% | 2.8% | -3.4% | -4.3% | -5.2% | 0.4% | -3.3% |
| EPS (₹) | -1.27 | -0.43 | 2.43 | 0.71 | -0.78 | -0.70 | -2.12 | 0.21 | -0.48 |
| Net profit YoY | −193.7% | +82.2% | −441.1% | +191.6% | −10.6% | +66.9% | −1088.3% | – | – |
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 | 3.7 | 7.7 | 4 | 6.8 | 3.1 |
| Investing cash flow | 1.3 | 0.2 | −0.2 | 9.8 | −0.8 |
| Financing cash flow | −5.2 | −7.5 | −3.9 | −16.6 | −2.4 |
| Capital expenditure | 0.3 | 0.6 | 0.5 | 1.6 | 1.5 |
| Free cash flow (CFO − capex) | 3.4 | 7.1 | 3.5 | 5.1 | 1.6 |
Net profit trend
annual, ₹ croreFY21
₹−2.4
FY22
₹−2.6−11%
FY23
₹2.4+192%
FY24
₹−8.2−441%
FY25
₹−1.5+82%
FY26
₹−4.3−194%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 14 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 13 Aug 2025 | PDF on NSE XBRL |
| Q4 FY25 | Standalone · audited | 30 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 15 Feb 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 20 Mar 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 24.6×-7.3×
P/B5Y avg 0.63×0.33×
ROEFY26, on average equity-3.4%
Net margin-7.7%
Debt / equity0.26×
Revenue CAGR (3Y)-13.3%
Profit CAGR (3Y)–
EPS (TTM)₹-1.68
Market cap₹42 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.33×
vs 8-point avg 0.63× (−47%)
0.30× low0.63× avg1.01× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹185 Cr−6%
Net worth₹125 Cr−4%
Total borrowings₹32 Cr+6%
Cash & bank balances₹0 Cr−56%
Investments₹0 Cr
Inventories₹66 Cr−0%
Trade receivables₹5 Cr−35%
Trade payables₹5 Cr+0%
Change vs the same date a year earlier.
Revenue mix FY26
Stationery and Paper Bag53.0%result ₹1.4 Cr
Gifts34.2%result ₹0.7 Cr
Greeting Card11.2%result ₹0.9 Cr
Others1.6%result ₹0.2 Cr
Segment revenue as reported, before inter-segment eliminations.