Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 286 | 271 | 242 | 204 | 157 | 183 | 170 | 129 | 113 | 182 | 112 | 103 | 97.5 | 145 | 93.7 | 155 | 108 | 178 | 169 | 141 | 113 | 130 | 114 | 106 |
| Other income | 15.6 | −4.3 | 3 | 1.6 | 6.5 | 1 | −2 | 3.3 | 4.7 | 4 | 5.8 | 3.5 | 3.6 | 0.2 | 0.8 | 2.4 | 0.5 | 2.3 | 2.8 | 2.4 | 1.8 | 1.8 | 0.9 | 1 |
| Total expenses | 256 | 250 | 231 | 190 | 149 | 162 | 152 | 124 | 109 | 177 | 106 | 102 | 99.6 | 138 | 89.4 | 152 | 106 | 156 | 139 | 123 | 97.6 | 107 | 85.3 | 87.2 |
| EBITDA | 42 | 30.6 | 19.7 | 23.1 | 17.7 | 29.4 | 26.9 | 13.6 | 11.6 | 14.4 | 14 | 8.4 | 6.2 | 18.1 | 13.1 | 12.3 | 11.5 | 30.5 | 38.2 | 25.6 | 22.1 | 31 | 34.9 | 25.2 |
| EBITDA margin | 14.7% | 11.3% | 8.2% | 11.3% | 11.2% | 16.1% | 15.8% | 10.5% | 10.3% | 7.9% | 12.5% | 8.2% | 6.3% | 12.5% | 14.0% | 8.0% | 10.6% | 17.2% | 22.6% | 18.1% | 19.6% | 23.7% | 30.7% | 23.8% |
| Finance costs | 1.9 | 0.9 | 0.7 | 0.7 | 1 | 0.7 | 0.8 | 0.5 | 0.8 | 0.5 | 0.3 | 0.4 | 0.6 | 0.7 | 0.7 | 1.6 | 1.2 | 0.6 | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 |
| Depreciation | 9.6 | 8.8 | 8.2 | 7.9 | 7.8 | 8.1 | 8 | 7.9 | 7.4 | 8.2 | 8.1 | 7.7 | 7.7 | 9.9 | 8.2 | 8.2 | 8.1 | 8.1 | 7.1 | 7.1 | 6.3 | 7.1 | 6.4 | 6.3 |
| Profit before tax | 46.1 | 16.7 | 13.8 | 16.1 | 15.4 | 21.6 | 16.1 | 8.4 | 8 | 9.6 | 11.5 | 3.8 | 1.4 | 7.6 | 5.1 | 5 | 2.7 | 24.1 | 33.4 | 20.6 | 17.2 | 25.5 | 29.1 | 19.6 |
| Tax | 12.2 | 5.4 | 3 | 4.6 | 4.5 | 6.5 | 4.8 | 2.1 | 2.2 | 3.2 | 3.2 | 1.1 | 0.2 | 2.7 | 1.3 | 1.4 | 0.3 | 6 | 8.9 | 5.5 | 4.2 | 7.2 | 6.7 | 3.5 |
| Net profit | 33.9 | 11.3 | 10.8 | 11.5 | 10.9 | 15.1 | 11.4 | 6.4 | 5.8 | 6.4 | 8.2 | 2.7 | 1.2 | 5 | 3.7 | 3.6 | 2.4 | 18.1 | 24.5 | 15.1 | 13 | 18.3 | 22.5 | 16.2 |
| Net margin | 11.8% | 4.2% | 4.5% | 5.6% | 6.9% | 8.3% | 6.7% | 4.9% | 5.2% | 3.5% | 7.4% | 2.6% | 1.3% | 3.4% | 4.0% | 2.3% | 2.2% | 10.2% | 14.5% | 10.7% | 11.5% | 14.0% | 19.8% | 15.3% |
| EPS (₹) | 7.83 | 2.71 | 2.56 | 2.70 | 2.58 | 3.61 | 2.78 | 1.50 | 1.36 | 1.55 | 1.89 | 0.63 | 0.29 | 1.14 | 0.86 | 0.83 | 0.54 | 4.14 | 5.60 | 3.46 | 2.97 | 4.20 | 5.15 | 3.70 |
| Net profit YoY | +211.6% | −25.3% | −4.7% | +79.7% | +87.2% | +137.4% | +38.2% | +137.9% | +367.0% | +28.0% | +120.5% | −25.9% | −47.7% | −72.5% | −84.7% | −76.0% | −81.7% | −1.2% | +8.8% | −6.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 874 | 595 | 494 | 501 | 263 | 601 | 402 |
| Other income | 6.8 | 7 | 16.9 | 3.8 | 2.9 | 9.3 | 4.5 |
| Total expenses | 819 | 547 | 485 | 485 | 258 | 515 | 325 |
| EBITDA | 91.2 | 81.4 | 43 | 54.5 | 23.8 | 116 | 104 |
| EBITDA margin | 10.4% | 13.7% | 8.7% | 10.9% | 9.1% | 19.4% | 25.8% |
| Finance costs | 3.4 | 2.8 | 1.9 | 3.5 | 2.7 | 1.8 | 1.1 |
| Depreciation | 32.6 | 31.4 | 31.7 | 34.4 | 16.3 | 28.6 | 25.9 |
| Profit before tax | 62 | 54.2 | 26.3 | 20.4 | 7.7 | 95.3 | 81.1 |
| Tax | 17.5 | 15.5 | 7.7 | 5.7 | 1.7 | 24.7 | 18.4 |
| Net profit | 44.5 | 38.7 | 18.5 | 14.7 | 6 | 70.6 | 62.7 |
| Net margin | 5.1% | 6.5% | 3.7% | 2.9% | 2.3% | 11.7% | 15.6% |
| EPS (₹) | 10.56 | 9.26 | 4.37 | 3.38 | 1.38 | 16.17 | 14.36 |
| Net profit YoY | +15.0% | +108.8% | +26.0% | −79.2% | – | +12.7% | – |
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 | FY23 | FY22 |
|---|---|---|---|---|---|---|
| Operating cash flow | 98.5 | 52.1 | 22.9 | 27.6 | 29.1 | 75.6 |
| Investing cash flow | −141 | −46.4 | −33.1 | −23.1 | −4.2 | −58 |
| Financing cash flow | 46.1 | −9 | 4.8 | −15.6 | −31.4 | −13.8 |
| Capital expenditure | 143 | 27.3 | 26.6 | 13.7 | 6.2 | 58.1 |
| Free cash flow (CFO − capex) | −44.7 | 24.8 | −3.7 | 13.9 | 22.9 | 17.5 |
Net profit trend
annual, ₹ croreFY22
₹70.6
FY23
₹6−91%
FY23
₹14.7+145%
FY24
₹18.5+26%
FY25
₹38.7+109%
FY26
₹44.5+15%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 22 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 22 Jul 2026 | PDF XBRL |
| Q4 FY26 | Consolidated · audited | 2 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 2 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 2 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 2 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 18 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 18 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 2 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 45.1×25.5×
P/B5Y avg 1.30×2.88×
ROEFY26, on average equity7.7%
Net margin5.1%
Debt / equity0.17×
Revenue CAGR (3Y)20.3%
Profit CAGR (3Y)44.6%
EPS (TTM)₹15.47
Market cap₹1,722 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.88×
vs 8-point avg 1.30× (+121%)
0.94× low1.30× avg2.88× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹860 Cr+17%
Net worth₹597 Cr+7%
Total borrowings₹101 Cr+124%
Cash & bank balances₹5 Cr+110%
Investments₹24 Cr+7%
Inventories₹56 Cr+14%
Trade receivables₹159 Cr−15%
Trade payables₹74 Cr+9%
Change vs the same date a year earlier.
Revenue mix FY26
(a) Segment -A (Chemical)94.9%result ₹69.3 Cr
(b) Segment -B (Solar Power)3.1%result ₹11.4 Cr
(d) Others1.2%result ₹1.2 Cr
(c) Segment -C (Pharma)0.7%result ₹−7.5 Cr
Segment revenue as reported, before inter-segment eliminations.