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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	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	Q3 FY19	Q2 FY19	Q4 FY18
Revenue from operations	1,062	1,113	1,003	968	867	993	848	869	801	866	822	806	724	836	772	739	694	728	656	652	489	611	547	480	286	455	463	445	467	470	452	462
Other income	20.4	22.2	24.5	51.4	19.7	16.7	13.3	14.1	13.6	14.6	11.2	11.7	17.5	22.9	17.9	14.7	11.8	15	10.8	17.3	11.9	5.8	6.7	5.3	5.7	0.7	7.7	3.2	3.6	2.1	2.7	3.9
Total expenses	938	970	886	856	772	870	752	755	715	770	720	689	658	733	684	651	637	644	602	593	479	554	508	436	299	449	452	431	445	440	423	424
EBITDA	155	174	144	140	121	150	119	142	114	125	129	143	88.6	127	115	113	78.1	106	73.9	80.2	32.1	79.2	61.5	66.3	8.7	27	32.3	33.4	41.2	47.5	43.4	51.6
EBITDA margin	14.6%	15.7%	14.3%	14.5%	14.0%	15.1%	14.1%	16.3%	14.2%	14.5%	15.7%	17.7%	12.2%	15.2%	14.8%	15.2%	11.3%	14.6%	11.3%	12.3%	6.6%	13.0%	11.2%	13.8%	3.0%	5.9%	7.0%	7.5%	8.8%	10.1%	9.6%	11.2%
Finance costs	6	6.1	5	7	7.3	7.9	5.6	8.4	8.6	9.6	8.5	6.6	4.7	5.4	6.4	5.1	2.8	2.4	3	2.8	2.9	3.2	3.2	3.4	3.7	4.1	3.9	3.6	3.9	2.7	2.3	1.9
Depreciation	24.7	25	21.3	20.7	18.8	19.5	18.6	18.9	19.1	20	19.5	18.7	18.5	19.5	19.7	19.6	18.9	19.9	17.8	18.3	18.5	19.6	19.1	18.2	17.5	17.5	16.9	15.7	15.2	14.5	12.5	11.3
Profit before tax	138	165	127	164	115	139	109	128	99.9	110	113	129	83	231	106	103	68.2	98.8	63.9	76.4	22.6	62.2	45.9	50	−6.7	6.1	19.1	17.3	25.7	32.3	31.3	42.3
Tax	36.2	35.8	33.7	45.6	32.1	38.3	30	36	27.2	33.9	30.4	38.8	25.2	60.5	25.1	32.1	21.8	26.6	21.9	25.5	10.6	19.4	11.1	17.7	2	5	6.9	5.9	9.2	9.2	7.6	15.4
Net profit	103	128	95.2	121	85.6	102	80.6	94.7	72.8	76.2	83.9	91.3	60.5	170	80.1	72	48.7	73.1	41.7	51.6	12	43.4	34.6	33.2	−8.7	1.1	12.9	11.7	17	23.4	25.5	27.1
Net margin	9.7%	11.5%	9.5%	12.5%	9.9%	10.3%	9.5%	10.9%	9.1%	8.8%	10.2%	11.3%	8.4%	20.4%	10.4%	9.7%	7.0%	10.0%	6.4%	7.9%	2.5%	7.1%	6.3%	6.9%	-3.1%	0.2%	2.8%	2.6%	3.6%	5.0%	5.6%	5.9%
EPS (₹)	3.28	4.06	3.01	3.85	2.71	3.23	2.55	2.99	2.30	2.41	2.65	2.89	1.91	5.38	2.53	2.27	1.54	316.31	1.32	1.63	0.38	1.37	1.09	1.05	-0.55	0.07	0.81	0.74	1.07	1.48	1.61	1.71
Net profit YoY	+20.7%	+25.5%	+18.1%	+28.2%	+17.5%	+33.8%	−3.9%	+3.8%	+20.4%	−55.2%	+4.8%	+26.9%	+24.2%	+132.8%	+91.8%	+39.4%	+305.1%	+68.5%	+20.6%	+55.3%	+237.6%	+4025.9%	+169.1%	+185.3%	−151.3%	–	−45.1%	−54.3%	–	–	–	–

Annual results

financial years ending March · from the fourth-quarter filings

₹ crore	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY18
Revenue from operations	3,951	3,510	3,218	3,041	2,525	1,924	1,829	1,622
Other income	118	57.7	55	67.2	55	23.5	13.2	12.3
Total expenses	3,483	3,092	2,838	2,705	2,318	1,796	1,774	1,497
EBITDA	579	525	486	433	292	216	136	176
EBITDA margin	14.7%	15.0%	15.1%	14.2%	11.6%	11.2%	7.4%	10.9%
Finance costs	25.4	30.5	29.3	19.8	11.1	13.5	15.5	6
Depreciation	85.8	76	76.6	77.7	74.5	74.3	65.2	44.7
Profit before tax	571	476	435	508	262	151	68.3	135
Tax	147	131	128	140	84.6	50.3	27	41.3
Net profit	430	350	312	371	178	102	42.6	95.3
Net margin	10.9%	10.0%	9.7%	12.2%	7.1%	5.3%	2.3%	5.9%
EPS (₹)	13.65	11.09	9.86	11.72	316.31	3.24	2.69	6.02
Net profit YoY	+22.8%	+12.3%	−15.9%	+107.8%	+74.1%	+140.8%	–	–

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	454	391	288	166	68.6
Investing cash flow	−98.3	−283	−101	−217	1.9
Financing cash flow	−312	−217	−82	59.8	−81.2
Capital expenditure	154	94.8	48.9	69	40.5
Free cash flow (CFO − capex)	299	296	239	96.9	28

Net profit trend

annual, ₹ crore

FY21

₹102

FY22

₹178+74%

FY23

₹371+108%

FY24

₹312−16%

FY25

₹350+12%

FY26

₹430+23%

Result filings

as filed with NSE · PDF and XBRL

Period	Basis	Filed	Documents
Q1 FY27	Consolidated	13 Aug 2026	PDF on NSE XBRL
Q1 FY27	Standalone	13 Aug 2026	PDF on NSE XBRL
Q4 FY26	Consolidated · audited	27 May 2026	PDF on NSE XBRL
Q4 FY26	Standalone · audited	27 May 2026	PDF on NSE XBRL
Q3 FY26	Consolidated	11 Feb 2026	PDF on NSE XBRL
Q3 FY26	Standalone	11 Feb 2026	PDF on NSE XBRL
Q2 FY26	Consolidated	12 Nov 2025	PDF on NSE XBRL
Q2 FY26	Standalone	12 Nov 2025	PDF on NSE XBRL
Q1 FY26	Consolidated	12 Aug 2025	PDF XBRL
Q1 FY26	Standalone	12 Aug 2025	PDF XBRL

Annual reports

NSE archive

FY2610.71 MB FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 FY17

Key ratios

P/E (TTM)5Y avg 44.1×42.7×

P/B5Y avg 9.98×8.56×

ROEFY26, on average equity21.0%

Net margin10.9%

Debt / equity0.18×

Revenue CAGR (3Y)9.1%

Profit CAGR (3Y)5.1%

EPS (TTM)₹14.13

Market cap₹19,110 Cr

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

P/B vs history

8.56×

vs 8-point avg 9.98× (−14%)

6.63× low9.98× avg12.50× high

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

Balance sheet 31 Mar 2026

Total assets₹3,546 Cr+17%

Net worth₹2,232 Cr+20%

Total borrowings₹405 Cr−18%

Cash & bank balances₹164 Cr+36%

Investments₹145 Cr+141%

Inventories₹711 Cr+17%

Trade receivables₹724 Cr+19%

Trade payables₹460 Cr+37%

Change vs the same date a year earlier.

Revenue mix FY26

Air Compressors91.4%result ₹548 Cr

Automotive equipment8.6%result ₹37.1 Cr

Segment revenue as reported, before inter-segment eliminations.

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	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.19	31.19
FII	21.90	22.20	23.11	26.12	27.62	29.09	29.39	29.40	29.47	29.54	29.02	28.82
DII	10.13	9.08	8.09	6.25	5.23	4.98	5.08	5.05	5.00	4.98	4.93	4.84
of which MF	8.58	7.56	6.50	4.71	3.63	–	–	–	–	–	–	–
Retail	22.29	22.53	22.76	21.88	21.66	20.82	20.97	20.86	20.81	20.79	21.42	21.66
Other public	14.00	14.47	14.49	14.18	13.92	13.54	13.19	13.33	13.30	13.34	13.28	13.31

89,318 shareholders · NSE shareholding pattern filings.