Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 14.4 | 9.3 | 7.6 | 9.3 | 12.3 | 17.9 | 17.5 | 19.2 | 16.8 | 29.4 | 23 | 19.9 |
| Other income | 0.5 | 0.9 | 0.5 | 0.6 | 1.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 |
| Total expenses | 14.9 | 13.5 | 11.6 | 14.2 | 17.1 | 17.2 | 17 | 16.5 | 19.1 | 26.7 | 19.4 | 15.7 |
| EBITDA | 0.4 | −3.1 | −2.9 | −3.9 | −4 | 1.7 | 1.5 | 3.6 | −1.4 | 3.4 | 4.7 | 5 |
| EBITDA margin | 2.7% | -33.5% | -37.3% | -41.8% | -32.3% | 9.4% | 8.6% | 18.8% | -8.1% | 11.5% | 20.5% | 25.1% |
| Finance costs | 0 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.2 | 0.1 | 0 | −0 | 0.1 | 0 |
| Depreciation | 0.9 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.7 | 0.9 | 0.7 |
| Profit before tax | −0 | −3.3 | −3.4 | −4.3 | −3 | 1.7 | 1.2 | 3.5 | −1.6 | 3.3 | 4.2 | 4.9 |
| Tax | 0 | −0.8 | −0.1 | −0.2 | −0.2 | 0.3 | 0.4 | 1 | 0.1 | 1.1 | 1.3 | 1.1 |
| Net profit | −0.1 | −2.4 | −3.4 | −4.1 | −2.8 | 1.3 | 0.8 | 2.5 | −1.7 | 2.2 | 2.8 | 3.4 |
| Net margin | -0.7% | -25.9% | -44.6% | -44.6% | -23.0% | 7.1% | 4.3% | 12.8% | -10.4% | 7.7% | 12.2% | 17.1% |
| EPS (₹) | -0.10 | -2.47 | -3.48 | -4.24 | -2.88 | 1.29 | 0.77 | 2.58 | -1.74 | 2.25 | 3.01 | 3.81 |
| Net profit YoY | +96.3% | −290.5% | −552.6% | −268.4% | −60.9% | −43.8% | −73.1% | −27.8% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 38.5 | 71.5 | 104 |
| Other income | 3.9 | 3.2 | 2.6 |
| Total expenses | 56.4 | 69.9 | 84.4 |
| EBITDA | −13.8 | 5.4 | 22.7 |
| EBITDA margin | -35.9% | 7.6% | 21.8% |
| Finance costs | 0.3 | 0.3 | 0.2 |
| Depreciation | 3.8 | 3.5 | 2.9 |
| Profit before tax | −14 | 4.8 | 22.2 |
| Tax | −1.4 | 1.8 | 6.3 |
| Net profit | −12.8 | 2.7 | 15.5 |
| Net margin | -33.2% | 3.8% | 14.9% |
| EPS (₹) | -13.06 | 2.79 | 16.24 |
| Net profit YoY | −568.1% | −82.3% | – |
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 |
|---|---|---|---|
| Operating cash flow | −10.9 | −5 | 21.9 |
| Investing cash flow | −28.9 | 14.7 | −18.8 |
| Financing cash flow | 18 | 9.7 | −3.1 |
| Capital expenditure | 21.4 | 4 | 8.6 |
| Free cash flow (CFO − capex) | −32.2 | −9 | 13.3 |
Net profit trend
annual, ₹ croreFY24
₹15.5
FY25
₹2.7−82%
FY26
₹−12.8−568%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 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 | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 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 | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 74.4×-24.8×
P/B5Y avg 2.68×1.58×
ROEFY26, on average equity-8.0%
Net margin-33.2%
Debt / equity0.05×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹-10.01
Market cap₹250 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.58×
vs 6-point avg 2.68× (−41%)
1.49× low2.68× avg3.74× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹174 Cr−2%
Net worth₹157 Cr−2%
Total borrowings₹8 Cr+32512%
Cash & bank balances₹0 Cr−99%
Investments₹0 Cr
Inventories₹28 Cr−10%
Trade receivables₹5 Cr−61%
Trade payables₹3 Cr−70%
Change vs the same date a year earlier.
Revenue mix FY26
Speciality Chemicals100.0%result ₹−10.1 Cr
Segment revenue as reported, before inter-segment eliminations.