Quarterly results
consolidated · as filed with NSE · Q4 FY26 back to Q4 FY19
| ₹ crore | 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 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 791 | 757 | 721 | 796 | 781 | 779 | 793 | 830 | 823 | 797 | 805 | 1,017 | 1,119 | 1,282 | 1,381 | 1,365 | 1,273 | 1,005 | 983 | 854 | 826 | 815 | 807 | 452 | 750 | 840 | 836 | 0 |
| Other income | 13.6 | 16.1 | 17 | 26.7 | 23.3 | 28.7 | 17.4 | 18.3 | 16.6 | 15.6 | 11.2 | 12.4 | 22.2 | 7.9 | 8.4 | 6.1 | 5.9 | 2 | 9.7 | 4.7 | 7.5 | 5.6 | 9.6 | 4.4 | 0.8 | 8.7 | 4.2 | 0 |
| Total expenses | 644 | 629 | 594 | 628 | 596 | 580 | 614 | 645 | 670 | 680 | 625 | 751 | 808 | 957 | 990 | 984 | 917 | 800 | 842 | 719 | 683 | 664 | 704 | 437 | 663 | 725 | 703 | 0 |
| EBITDA | 176 | 159 | 157 | 197 | 218 | 230 | 211 | 217 | 184 | 149 | 213 | 298 | 348 | 368 | 434 | 423 | 403 | 249 | 193 | 186 | 195 | 206 | 159 | 76.1 | 156 | 174 | 194 | 0 |
| EBITDA margin | 22.2% | 21.0% | 21.8% | 24.8% | 27.9% | 29.5% | 26.6% | 26.1% | 22.4% | 18.7% | 26.5% | 29.3% | 31.1% | 28.7% | 31.4% | 31.0% | 31.7% | 24.8% | 19.6% | 21.7% | 23.6% | 25.3% | 19.8% | 16.8% | 20.8% | 20.7% | 23.2% | – |
| Finance costs | 1.9 | 2.6 | 2.1 | 2.4 | 4.1 | 3.5 | 4.2 | 4.3 | 5.4 | 6.2 | 7.1 | 7.8 | 10.2 | 11.2 | 10.8 | 11.8 | 18.2 | 15 | 17.2 | 16.6 | 18.8 | 20.1 | 23.8 | 28.5 | 33.8 | 26 | 29.6 | 0 |
| Depreciation | 27.5 | 28.8 | 27.6 | 26.9 | 28.3 | 28 | 27.9 | 27.5 | 26 | 25.9 | 25.9 | 24.4 | 26.8 | 31.8 | 31.8 | 30.1 | 29.2 | 29.7 | 35.2 | 34 | 33.1 | 34.5 | 32.9 | 33 | 34.9 | 32.5 | 32.3 | 0 |
| Profit before tax | 160 | 143 | 145 | 195 | 209 | 227 | 196 | 203 | 170 | 133 | 191 | 497 | 334 | 333 | 400 | 451 | 362 | 206 | 150 | 140 | 150 | 157 | 112 | 19.1 | 88.1 | 115 | 137 | 0 |
| Tax | 44.2 | 37.4 | 37.8 | 50.5 | 58.9 | 58.9 | 41.5 | 52.7 | 45.2 | 33.1 | 48.6 | 70.9 | 82.8 | 85.2 | 99.3 | 101 | 94.4 | 53.4 | 39.9 | 37 | 39.2 | 39.3 | 27.8 | 6.1 | 3.2 | 17.8 | 19.7 | 0 |
| Net profit | 116 | 106 | 107 | 144 | 150 | 168 | 155 | 151 | 125 | 99.9 | 143 | 426 | 227 | 251 | 293 | 355 | 271 | 163 | 110 | 103 | 111 | 118 | 84.5 | 13 | 84.9 | 96.9 | 117 | 0 |
| Net margin | 14.6% | 14.0% | 14.8% | 18.1% | 19.2% | 21.6% | 19.5% | 18.1% | 15.2% | 12.5% | 17.7% | 41.9% | 20.2% | 19.5% | 21.2% | 26.0% | 21.3% | 16.2% | 11.2% | 12.0% | 13.4% | 14.4% | 10.5% | 2.9% | 11.3% | 11.5% | 14.0% | – |
| EPS (₹) | 12.28 | 11.26 | 11.16 | 15.10 | 15.72 | 17.70 | 16.28 | 15.81 | 13.12 | 10.50 | 15.02 | 44.82 | 26.80 | 25.93 | 31.46 | 36.73 | 28.07 | 16.07 | 11.55 | 10.80 | 11.70 | 12.37 | 8.89 | 1.36 | 8.67 | 9.87 | 11.91 | 0.00 |
| Net profit YoY | −23.0% | −37.1% | −31.1% | −4.3% | +20.4% | +68.7% | +8.4% | −64.7% | −44.9% | −60.1% | −51.2% | +20.0% | −16.5% | +53.8% | +166.1% | +246.2% | +144.1% | +38.5% | +30.2% | +692.4% | +31.0% | +21.3% | −27.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,064 | 3,183 | 3,447 | 4,545 | 3,778 | 2,900 | 3,305 | 3,341 |
| Other income | 73.4 | 87.7 | 52.3 | 39.1 | 12.1 | 27 | 17.6 | 15.5 |
| Total expenses | 2,495 | 2,435 | 2,727 | 3,197 | 2,980 | 2,489 | 2,828 | 2,826 |
| EBITDA | 689 | 876 | 847 | 1,481 | 979 | 636 | 728 | 759 |
| EBITDA margin | 22.5% | 27.5% | 24.6% | 32.6% | 25.9% | 21.9% | 22.0% | 22.7% |
| Finance costs | 9 | 16.1 | 25.5 | 38.7 | 63.6 | 91.2 | 120 | 127 |
| Depreciation | 111 | 112 | 102 | 94.2 | 117 | 133 | 131 | 117 |
| Profit before tax | 642 | 836 | 991 | 1,463 | 811 | 439 | 495 | 531 |
| Tax | 170 | 212 | 198 | 348 | 213 | 112 | 98 | 180 |
| Net profit | 472 | 624 | 794 | 1,142 | 647 | 326 | 397 | 351 |
| Net margin | 15.4% | 19.6% | 23.0% | 25.1% | 17.1% | 11.2% | 12.0% | 10.5% |
| EPS (₹) | 50.17 | 65.50 | 83.43 | 117.35 | 62.81 | 34.32 | 40.50 | 35.81 |
| Net profit YoY | −24.3% | −21.4% | −30.5% | +76.5% | +98.3% | −17.8% | +13.1% | – |
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 | 687 | 638 | 797 | 856 | 643 |
| Investing cash flow | −291 | −358 | −534 | −403 | −337 |
| Financing cash flow | −451 | −230 | −338 | −536 | −98.1 |
| Capital expenditure | 264 | 315 | 107 | 358 | 0 |
| Free cash flow (CFO − capex) | 424 | 323 | 691 | 499 | 643 |
Net profit trend
annual, ₹ croreFY21
₹326
FY22
₹647+98%
FY23
₹1,142+77%
FY24
₹794−30%
FY25
₹624−21%
FY26
₹472−24%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 1 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 5 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 5 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 | 1 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 1 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 31 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 31 Jul 2025 | PDF on NSE XBRL |
| Q4 FY25 | Consolidated · audited | 8 May 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 6.6×8.2×
P/B5Y avg 1.54×1.09×
ROEFY26, on average equity13.4%
Net margin15.4%
Debt / equity0.02×
Revenue CAGR (3Y)-12.3%
Profit CAGR (3Y)-25.5%
EPS (TTM)₹51.39
Market cap₹3,859 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.09×
vs 8-point avg 1.54× (−29%)
1.09× low1.54× avg2.06× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,300 Cr+3%
Net worth₹3,552 Cr+2%
Total borrowings₹62 Cr−36%
Cash & bank balances₹44 Cr−55%
Investments₹1,042 Cr+60%
Inventories₹597 Cr−5%
Trade receivables₹173 Cr−18%
Trade payables₹280 Cr+70%
Change vs the same date a year earlier.
Revenue mix FY22
Inorganic Chemocals75.6%result ₹694 Cr
Textiles24.4%result ₹225 Cr
Segment revenue as reported, before inter-segment eliminations.