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 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,578 | 2,089 | 1,542 | 1,577 | 1,361 | 1,681 | 1,397 | 1,370 | 1,384 | 1,625 | 1,370 | 1,363 | 1,283 | 1,506 | 1,268 | 1,172 | 1,213 | 1,391 | 1,099 | 1,154 | 700 | 1,128 | 898 | 747 | 404 | 629 | 664 | 678 | 607 | 775 | 634 | 629 | 477 | 651 |
| Other income | 12.8 | 17.3 | 9.5 | 11.4 | 9.1 | 8.8 | 11.8 | 8.8 | 11.9 | 10.2 | 6.4 | 13.4 | 12.1 | 6.6 | −2 | 13.5 | 11.4 | 16.4 | 6.2 | 8 | 4.3 | 5 | 6.1 | 4.9 | 3.9 | 0.1 | 2.2 | 3 | 6.8 | 3.8 | 3.2 | 4.5 | 3.9 | 2.3 |
| Total expenses | 1,428 | 1,803 | 1,390 | 1,409 | 1,261 | 1,454 | 1,255 | 1,230 | 1,232 | 1,394 | 1,223 | 1,200 | 1,134 | 1,245 | 1,136 | 1,086 | 1,099 | 1,212 | 935 | 975 | 606 | 904 | 737 | 631 | 384 | 563 | 578 | 595 | 545 | 684 | 561 | 568 | 427 | 557 |
| EBITDA | 231 | 383 | 237 | 257 | 185 | 302 | 220 | 210 | 214 | 292 | 205 | 220 | 202 | 309 | 186 | 144 | 172 | 217 | 198 | 212 | 129 | 255 | 192 | 144 | 54.3 | 113 | 118 | 119 | 93.1 | 119 | 93.7 | 94.4 | 77.9 | 118 |
| EBITDA margin | 14.7% | 18.3% | 15.4% | 16.3% | 13.6% | 18.0% | 15.7% | 15.3% | 15.5% | 17.9% | 15.0% | 16.1% | 15.7% | 20.5% | 14.7% | 12.3% | 14.2% | 15.6% | 18.0% | 18.3% | 18.5% | 22.6% | 21.4% | 19.2% | 13.4% | 17.9% | 17.8% | 17.5% | 15.3% | 15.4% | 14.8% | 15.0% | 16.3% | 18.2% |
| Finance costs | 5.8 | 23.5 | 12.6 | 16 | 12.3 | 9.6 | 13.9 | 10.2 | 7.6 | 7.8 | 7.5 | 8 | 5.8 | 3.3 | 9.4 | 14 | 14.4 | 5.2 | 2 | 1.1 | 4.6 | 1.2 | 1.7 | −0.9 | 5.9 | 18.1 | 5.1 | 8.9 | 7.3 | 5.9 | 0.8 | 13.6 | 11.7 | 9.1 |
| Depreciation | 75.4 | 74 | 73.4 | 72.3 | 71.9 | 64.8 | 63.1 | 59.9 | 55.6 | 52.5 | 50.1 | 48.7 | 46.3 | 44.5 | 45.5 | 44.8 | 43.3 | 32.8 | 32.1 | 31.4 | 30.6 | 29.2 | 30 | 28.8 | 28.5 | 28.9 | 27.4 | 27.2 | 24.4 | 22.4 | 20.2 | 19.2 | 16.1 | 15.2 |
| Profit before tax | 163 | 297 | 144 | 180 | 110 | 236 | 154 | 149 | 163 | 241 | 154 | 177 | 162 | 266 | 130 | 98.7 | 125 | 195 | 170 | 187 | 98.5 | 229 | 166 | 121 | 23.8 | 65.7 | 87.9 | 85.9 | 68.2 | 91.6 | 75.9 | 66.1 | 54.1 | 96.3 |
| Tax | 42.6 | 83.6 | 36.6 | 45.1 | 30.6 | 58.3 | 41.6 | 40.1 | 43.6 | 60 | 40.6 | 45.1 | 42.3 | 65.4 | 34.6 | 24.1 | 31.6 | 49.2 | 41.8 | 43.7 | 23.4 | 52.7 | 41.3 | 28.3 | 2.5 | 13.5 | 19.4 | 3.4 | 20.2 | 29.2 | 23.5 | 19.6 | 15.7 | 30 |
| Net profit | 120 | 213 | 108 | 135 | 79.2 | 178 | 113 | 109 | 120 | 181 | 113 | 132 | 119 | 206 | 95.2 | 75 | 96.1 | 144 | 128 | 143 | 75.1 | 176 | 124 | 87.9 | 20.3 | 51.6 | 67.9 | 82.3 | 47.8 | 62.5 | 53.1 | 45.8 | 37.7 | 65.3 |
| Net margin | 7.6% | 10.2% | 7.0% | 8.5% | 5.8% | 10.6% | 8.1% | 7.9% | 8.6% | 11.2% | 8.3% | 9.7% | 9.3% | 13.7% | 7.5% | 6.4% | 7.9% | 10.4% | 11.6% | 12.4% | 10.7% | 15.6% | 13.8% | 11.8% | 5.0% | 8.2% | 10.2% | 12.1% | 7.9% | 8.1% | 8.4% | 7.3% | 7.9% | 10.0% |
| EPS (₹) | 4.47 | 7.93 | 4.01 | 5.02 | 3.02 | 6.67 | 4.25 | 4.10 | 4.48 | 6.76 | 4.23 | 4.88 | 4.46 | 7.66 | 4.62 | 3.50 | 4.42 | 7.04 | 6.34 | 7.03 | 3.68 | 8.69 | 8.18 | 5.75 | 1.32 | 3.39 | 4.49 | 5.45 | 3.93 | 5.17 | 4.37 | 3.76 | 3.12 | 5.42 |
| Net profit YoY | +51.8% | +19.6% | −4.4% | +24.0% | −33.7% | −1.8% | −0.6% | −17.5% | +0.2% | −12.1% | +19.0% | +75.6% | +24.1% | +43.1% | −25.6% | −47.7% | +28.0% | −18.2% | +3.2% | +63.0% | +270.0% | +241.3% | +82.5% | +6.8% | −57.5% | −17.4% | +27.9% | +79.6% | +26.9% | −4.4% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,569 | 5,832 | 5,641 | 5,159 | 4,394 | 3,176 | 2,578 | 2,507 | 2,139 |
| Other income | 47.3 | 41.3 | 42.1 | 26.7 | 34.9 | 25.1 | 12.1 | 15.4 | 12.7 |
| Total expenses | 5,863 | 5,171 | 4,950 | 4,567 | 3,779 | 2,661 | 2,282 | 2,236 | 1,901 |
| EBITDA | 1,062 | 946 | 918 | 810 | 755 | 645 | 443 | 385 | 317 |
| EBITDA margin | 16.2% | 16.2% | 16.3% | 15.7% | 17.2% | 20.3% | 17.2% | 15.4% | 14.8% |
| Finance costs | 64.4 | 41.3 | 29.1 | 40 | 12.9 | 13.1 | 39.4 | 32 | 21.6 |
| Depreciation | 292 | 243 | 198 | 178 | 127 | 117 | 108 | 81.4 | 57.1 |
| Profit before tax | 731 | 703 | 734 | 617 | 650 | 540 | 308 | 283 | 251 |
| Tax | 196 | 184 | 188 | 156 | 158 | 125 | 56.5 | 86.1 | 72.5 |
| Net profit | 535 | 519 | 546 | 473 | 490 | 408 | 250 | 197 | 176 |
| Net margin | 8.1% | 8.9% | 9.7% | 9.2% | 11.2% | 12.9% | 9.7% | 7.9% | 8.2% |
| EPS (₹) | 19.97 | 6.67 | 20.33 | 17.00 | 24.08 | 20.13 | 16.45 | 16.27 | 14.62 |
| Net profit YoY | +3.0% | −4.9% | +15.5% | −3.7% | +20.1% | +63.5% | +26.5% | +12.3% | – |
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 | 1,117 | 630 | 823 | 557 | 543 |
| Investing cash flow | −507 | −513 | −541 | −480 | 71.5 |
| Financing cash flow | −328 | −118 | −203 | −189 | −44 |
| Capital expenditure | 459 | 545 | 554 | 311 | 346 |
| Free cash flow (CFO − capex) | 658 | 84.8 | 270 | 246 | 197 |
Net profit trend
annual, ₹ croreFY21
₹408
FY22
₹490+20%
FY23
₹473−4%
FY24
₹546+15%
FY25
₹519−5%
FY26
₹535+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 | 18 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 18 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 5 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 5 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 80.5×65.4×
P/B5Y avg 14.03×9.27×
ROEFY26, on average equity13.9%
Net margin8.1%
Debt / equity0.04×
Revenue CAGR (3Y)8.4%
Profit CAGR (3Y)4.2%
EPS (TTM)₹21.40
Market cap₹37,633 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
9.27×
vs 8-point avg 14.03× (−34%)
9.27× low14.03× avg18.56× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5,812 Cr+15%
Net worth₹4,058 Cr+12%
Total borrowings₹153 Cr+6%
Cash & bank balances₹890 Cr+46%
Investments₹0 Cr
Inventories₹1,117 Cr+11%
Trade receivables₹475 Cr+9%
Trade payables₹1,155 Cr+35%
Change vs the same date a year earlier.
Revenue mix FY26
Plumbing71.2%result ₹687 Cr
Paints and Adhesives28.8%result ₹103 Cr
Segment revenue as reported, before inter-segment eliminations.