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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	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 FY18
Revenue from operations	116	140	119	112	111	122	103	102	97.8	101	88.6	86.4	83.6	88.5	78	71.5	76.7	62.4	62.8	54.4	61.1	54.6	53	34.9	46.2	47.4	50.1	51.2	46	45.4
Other income	0.2	0.7	0.2	1	0.3	3.7	0.2	2	0.5	0.9	0.4	1.2	1.4	1.7	1	1	1.6	0.3	0.1	0.2	0.1	0.1	0	0.2	0.3	0.2	0.4	0.3	0.1	0
Total expenses	106	120	106	91.3	97.7	105	91.3	86.6	82.5	81.5	70.8	69.6	67	71.9	62.8	57.9	63.6	51.9	51.2	46.1	48.5	45.6	44.2	29.2	40.4	38.6	40	40	38.8	33.8
EBITDA	15.3	26.3	17.8	25.9	18.6	22.1	17.3	20.2	20.5	23	21.8	20.5	20.7	20.9	19.6	17.7	17.1	14.6	15.8	11.8	15.1	13.1	13	8.5	8.4	11.3	12.5	13.8	9.2	12.7
EBITDA margin	13.2%	18.8%	15.0%	23.2%	16.7%	18.1%	16.7%	19.9%	20.9%	22.8%	24.6%	23.7%	24.8%	23.6%	25.1%	24.8%	22.4%	23.4%	25.1%	21.7%	24.8%	24.0%	24.5%	24.3%	18.3%	23.9%	24.9%	26.9%	19.9%	28.0%
Finance costs	0.9	1.8	0.6	0.6	0.6	0.7	1.1	0.9	0.8	0.5	0.7	0.3	0.2	0.5	0.5	0.3	0.4	0.3	0.3	0.1	0.2	0.4	0.3	0.4	0.3	0.2	0.2	0.2	0	0
Depreciation	4.8	4.8	4.7	4.6	4.4	3.8	4.2	4.2	4.3	3.4	3.3	3.4	3.9	3.9	3.8	3.7	3.7	3.8	3.9	3.4	2.4	3.7	3.8	2.3	2.3	2.3	2.3	2.3	1.9	1.1
Profit before tax	9.8	20.4	12.7	21.7	17.9	21.3	12.2	17.2	15.8	19.9	18.2	18	18	18.2	16.2	14.7	14.7	10.8	11.7	11.7	12.7	9.3	9.1	3.8	3.4	10.8	8.9	9.7	12.4	8.4
Tax	5.9	9.2	7.5	3.1	9.3	−45.4	3.9	3.7	4.2	7.5	4.8	3.9	3.5	2.2	2.8	3.3	2.4	1.7	1.9	2.8	2.1	1.6	1.7	0.5	0.7	2	1.6	2.1	2.6	−0.8
Net profit	3.9	11.2	5.3	18.6	8.6	66.6	8.3	13.5	11.7	12.5	13.4	14.1	14.5	16	13.5	11.4	12.3	9.1	9.8	8.9	10.6	7.7	7.4	3.3	2.7	8.8	7.2	7.5	9.8	9.2
Net margin	3.4%	8.0%	4.4%	16.6%	7.7%	54.6%	8.0%	13.2%	11.9%	12.4%	15.2%	16.3%	17.3%	18.1%	17.3%	16.0%	16.0%	14.6%	15.7%	16.3%	17.3%	14.1%	14.0%	9.5%	5.9%	18.6%	14.5%	14.7%	21.2%	20.4%
EPS (₹)	2.45	7.00	3.29	11.62	5.35	41.66	5.17	8.43	7.29	7.79	8.41	8.68	8.87	9.80	8.26	7.00	7.53	5.56	6.02	5.44	6.48	4.73	4.55	2.04	1.68	5.40	4.47	4.62	5.99	5.68
Net profit YoY	−54.2%	−83.2%	−36.4%	+37.8%	−26.5%	+434.5%	−38.5%	−4.5%	−19.5%	−22.1%	−0.3%	+23.5%	–	+30.2%	+48.4%	+16.3%	+16.2%	+17.8%	+32.4%	+167.2%	+286.6%	−12.4%	+2.6%	−56.0%	−72.0%	–	–	–	+5.7%	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Revenue from operations	482	425	359	304	256	204	195	175	174
Other income	2.2	6.4	3.8	3.9	2.3	0.5	1.1	0.8	0.4
Total expenses	415	365	289	245	213	167	159	143	132
EBITDA	88.6	80.1	86	76	59.3	49.7	46	39.9	50.1
EBITDA margin	18.4%	18.8%	23.9%	25.0%	23.1%	24.4%	23.6%	22.9%	28.8%
Finance costs	3.5	3.5	1.8	1.4	1.1	1.2	0.9	0.3	1.3
Depreciation	18.6	16.5	14	15.1	14.8	12.3	9.3	7.7	7.1
Profit before tax	72.7	66.5	74.1	63.6	48.9	35	32.8	37.3	38.2
Tax	29.1	−33.5	19.6	10.7	8.8	5.9	6.4	7.6	6.9
Net profit	43.6	100	54.5	52.9	40.1	29.1	26.3	29.7	31.3
Net margin	9.0%	23.5%	15.2%	17.4%	15.6%	14.3%	13.5%	17.0%	18.0%
EPS (₹)	27.26	62.56	33.76	32.36	24.55	17.79	16.13	18.21	19.79
Net profit YoY	−56.4%	+83.6%	+3.1%	+31.8%	+38.0%	+10.3%	−11.5%	−5.0%	–

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	49.6	49.6	49.8	54.5	49.3
Investing cash flow	−22.6	−36.8	7.6	−36.3	−25.7
Financing cash flow	−20.7	−19.4	−50.6	−17.3	−15.8
Capital expenditure	26.2	26.8	41.8	27.2	9.3
Free cash flow (CFO − capex)	23.4	22.8	8	27.3	40

Net profit trend

annual, ₹ crore

FY21

₹29.1

FY22

₹40.1+38%

FY23

₹52.9+32%

FY24

₹54.5+3%

FY25

₹100+84%

FY26

₹43.6−56%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	23 Jul 2026	PDF on NSE XBRL
Q1 FY27	Standalone	23 Jul 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	20 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	20 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	29 Jan 2026	PDF on NSE XBRL
Q3 FY26	Standalone	29 Jan 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	13 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	13 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	21 Jul 2025	PDF on NSE XBRL
Q1 FY26	Standalone	21 Jul 2025	PDF on NSE XBRL

Annual reports

NSE archive

FY2511.05 MB FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16

Key ratios

P/E (TTM)5Y avg 18.1×24.3×

P/B5Y avg 3.08×2.09×

ROEFY26, on average equity10.1%

Net margin9.0%

Debt / equity0.00×

Revenue CAGR (3Y)16.6%

Profit CAGR (3Y)-6.2%

EPS (TTM)₹24.36

Market cap₹947 Cr

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

P/B vs history

2.09×

vs 8-point avg 3.08× (−32%)

1.85× low3.08× avg4.45× high

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

Balance sheet 31 Mar 2026

Total assets₹581 Cr+14%

Net worth₹453 Cr+10%

Total borrowings₹1 Cr+15%

Cash & bank balances₹18 Cr+52%

Investments₹41 Cr−12%

Inventories₹144 Cr+32%

Trade receivables₹118 Cr+29%

Trade payables₹41 Cr+37%

Change vs the same date a year earlier.

Shareholding 30 Jun 2026

%	Jun 26	Mar 26	Dec 25	Sept 25	Jun 25	Mar 25	Dec 24	Sept 24	Jun 24	Mar 24	Dec 23	Sept 23
Promoter	52.98	52.98	52.98	52.98	52.98	52.98	52.70	52.73	52.73	52.73	52.73	52.68
FII	3.07	3.15	3.27	3.17	3.30	3.47	3.45	3.76	4.35	4.51	4.59	4.68
DII	0.16	0.22	0.28	0.49	0.68	0.58	0.45	0.45	1.73	1.75	2.16	4.11
Retail	32.96	33.04	33.10	33.29	33.25	33.65	33.80	34.01	31.98	31.92	31.81	30.52
Other public	10.83	10.61	10.37	10.07	9.79	9.32	9.60	9.05	9.21	9.09	8.71	8.01

28,042 shareholders · NSE shareholding pattern filings.