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Latest filings
NSE announcements · newest firstKey MetricsFull financials →
P/E (TTM)
59.5×
EPS ₹34.70
P / Book
9.15×
BVPS ₹226
ROE
15.2%
FY26, avg equity
Net margin
19.5%
FY26
Revenue YoY
+27.0%
Q1 FY27
Net profit YoY
+39.2%
Q1 FY27
Debt / equity
0.15×
₹330 Cr debt
Div. yield
0.19%
₹4.00 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoter pledge: none reported
Peer Comparison
| Company | P/E | P/B | ROE | Margin |
|---|---|---|---|---|
| AIAENG₹36,576 Cr | 28.9× | 4.56× | 17.0% | 28.7% |
| PTCIL₹32,699 Cr | 260.3× | 21.70× | 7.0% | 16.8% |
| HAPPYFORGE₹19,469 Cr | 59.5× | 9.15× | 15.2% | 19.5% |
| BALUFORGE₹6,152 Cr | 23.0× | 3.86× | 19.6% | 23.4% |
| SGIL₹998 Cr | – | 8.99× | 4.3% | 1.3% |
| STEELCAS₹380 Cr | 4.2× | 0.96× | 24.1% | 20.5% |
Castings & Forgings: the companies closest in market value, of the 9 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags1 Watch
Free cash flow was negative in 2 of the last 3 years
Operating cash flow less capital expenditure, as filed.
12 checks within their thresholds
Operating cash flow was 1.14× net profit
Cumulative over FY24–FY26 (3 years).
Receivables grew -7% against revenue growth of 10%
FY26: debtor days moved from 111 to 93.
Inventory grew 0% against revenue growth of 10%
FY26: inventory days moved from 60 to 55.
Debt to equity is 0.15×
As at 2026-03-31.
Profit before interest and tax covers finance costs 39.4×
FY26.
Other income is 8% of profit before tax
FY26.
Exceptional items above 5% of pre-tax profit in 0 of the last 3 years
FY24–FY26.
Effective tax rate averaged 25%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Promoter holding is 78.46%, -0.08 points over a year
2026-06-30 against 2025-06-30.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Results were filed late in 0 of the last 8 quarters
Slowest filing came 51 days after the period end.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 1 check not run for lack of data.
Formula Scores
Piotroski F-score: 4 of 9 · FY to 2026-03-31one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
- ✓ Return on assets positive: 13.62 — profit after tax over the year's opening total assets, %
- ✓ Operating cash flow positive: 444.7 — ₹ crore
- ✓ Cash flow above profit (accruals): 143 — operating cash flow less profit after tax, ₹ crore
- ✗ Return on assets improved: -0.56 — change in ROA, percentage points
- ✗ Long-term borrowings to assets fell: 0 — no long-term borrowings in either year; the paper scores no decrease as 0
- ✗ Current ratio improved: -0.46 — change in current assets over current liabilities
- ✗ No new shares issued: 0.12 — change in share capital, %
- ✓ Gross margin improved: 3.54 — revenue less material cost over revenue, change in percentage points
- ✗ Asset turnover improved: -0.049 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹302 Cr (2026-03-31) · profit after tax ₹267 Cr (2025-03-31) · total assets ₹2,633 Cr (2026-03-31) · total assets ₹2,215 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 26.09 · FY to 2026-03-31Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
- working capital / total assets: 0.234 × 1.2
- retained earnings / total assets: 0.801 × 1.4 — reserves and surplus as retained earnings
- EBIT / total assets: 0.157 × 3.3 — profit before tax plus finance cost
- market value of equity / total liabilities: 39.306 × 0.6 — market capitalisation over total assets less equity
- sales / total assets: 0.587 × 1
Inputs: total assets ₹2,633 Cr (2026-03-31) · current assets ₹1,071 Cr (2026-03-31) · current liabilities ₹456 Cr (2026-03-31) · reserves ₹2,109 Cr (2026-03-31) · total equity ₹2,128 Cr (2026-03-31) · profit before tax ₹402 Cr (2026-03-31) · finance cost ₹10 Cr (2026-03-31) · revenue ₹1,546 Cr (2026-03-31) · market capitalisation (today) ₹19,837 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 402.48 ₹ per share · FY to 2026-03-31√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
- earnings per share: 31.92
- book value per share: 225.56 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 31.92 (2026-03-31) · owners' equity ₹2,128 Cr (2026-03-31) · paid-up capital ₹19 Cr (2026-03-31) · face value 2 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -5.9 % of assets · FY to 2026-03-31(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹302 Cr (2026-03-31) · operating cash flow ₹445 Cr (2026-03-31) · total assets ₹2,633 Cr (2026-03-31) · total assets ₹2,215 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.