Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q1 FY19
| ₹ 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 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 59 | 50.8 | 69.8 | 87.6 | 22.1 | 45 | 40.3 | 43.7 | 34 | 33.8 | 41.7 | 34.8 | 27.7 | 30.7 | 290 | 27.3 | 17.8 | 33.3 | 25.1 | 17.9 | 7.8 | 14.5 | 23.3 | 7.1 | 2.6 | 26.9 | 27.2 | 27.5 | 21 | 31.9 | 25 | 20.2 | 23.2 |
| Other income | 0.3 | 0.6 | 0.3 | 0.4 | 0.4 | 4 | 0.4 | 0.4 | 0.3 | 0.7 | 0.3 | 0.7 | 0.1 | 0.2 | 1 | 0.2 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.6 | 0.1 | 0.2 | 0 |
| Total expenses | 57.1 | 50.9 | 68.8 | 86.3 | 22.3 | 44.9 | 40.2 | 43.4 | 33.6 | 34 | 39.6 | 32.7 | 25.7 | 27.9 | 277 | 26.2 | 16.6 | 33 | 23.1 | 21 | 9.6 | 15.5 | 34.7 | 13.2 | 7.9 | 27.2 | 26.6 | 27.1 | 20.6 | 31.8 | 24.9 | 20 | 23 |
| EBITDA | 4.1 | 2.5 | 3.5 | 3.4 | 1.9 | 2.3 | 2.8 | 2.7 | 2.5 | 2.7 | 4.4 | 3.9 | 3.8 | 4.8 | 33.7 | 3.1 | 3 | 2.7 | 3.4 | −1.6 | −0.4 | 0.6 | −9.8 | −4.6 | −3.4 | 0.9 | 2.4 | 1.7 | 1.8 | 1.9 | 1.4 | 1.5 | 1.5 |
| EBITDA margin | 6.9% | 5.0% | 5.0% | 3.9% | 8.5% | 5.1% | 6.9% | 6.1% | 7.3% | 8.0% | 10.5% | 11.1% | 13.7% | 15.6% | 11.6% | 11.2% | 16.8% | 8.1% | 13.7% | -9.1% | -5.6% | 4.3% | -42.2% | -65.1% | -130.7% | 3.5% | 8.9% | 6.2% | 8.4% | 6.0% | 5.7% | 7.4% | 6.5% |
| Finance costs | 1.7 | 2 | 1.9 | 1.5 | 1.6 | 1.7 | 2.1 | 1.7 | 1.5 | 2.5 | 1.6 | 1.2 | 1.2 | 1.4 | 13.9 | 1.3 | 1.2 | 1.7 | 0.8 | 0.9 | 0.8 | 0.8 | 1 | 0.8 | 1.4 | 0.6 | 1.2 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 |
| Depreciation | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 6 | 0.6 | 0.6 | 0.8 | 0.6 | 0.6 | 0.6 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1 | 0.6 | 0.5 | 0.5 |
| Profit before tax | 2.2 | 0.5 | 1.4 | 1.7 | 0.1 | 4.1 | 0.5 | 0.8 | 0.7 | 0.5 | 2.5 | 2.8 | 2 | 3 | 14.9 | 1.3 | 1.3 | 0.2 | 2.1 | −4.5 | −1.7 | −1 | −11.3 | −5.9 | −5.3 | −0.2 | 0.8 | 0.7 | 0.5 | 0.6 | 0.2 | 0.4 | 0.2 |
| Tax | 0.4 | 0.4 | −0 | −0 | −0 | −0.5 | 0.1 | 0.1 | 0.2 | −0 | 0.4 | 0.5 | 0.3 | 0.5 | 2.3 | 0.2 | 0.3 | −3.2 | −0.1 | −0.7 | −0.2 | 1.9 | −2.9 | −1.5 | −1.4 | 0 | 0.1 | −0 | −0 | −0.1 | 0.1 | 0.1 | 0.1 |
| Net profit | 1.8 | 0.1 | 1.4 | 1.7 | 0.1 | 4.5 | 0.5 | 0.6 | 0.6 | 0.5 | 2.1 | 2.3 | 1.7 | 2.5 | 12.5 | 1.1 | 1 | 3.4 | 2.2 | −3.7 | −1.5 | −2.9 | −8.4 | −4.4 | −3.9 | −0.2 | 0.7 | 0.7 | 0.5 | 0.7 | 0.1 | 0.4 | 0.1 |
| Net margin | 3.1% | 0.3% | 2.0% | 2.0% | 0.7% | 10.1% | 1.1% | 1.4% | 1.7% | 1.6% | 5.1% | 6.7% | 6.1% | 8.1% | 4.3% | 4.1% | 5.7% | 10.2% | 8.6% | -20.9% | -19.3% | -20.1% | -36.0% | -61.6% | -150.4% | -0.9% | 2.5% | 2.5% | 2.4% | 2.2% | 0.5% | 1.8% | 0.6% |
| EPS (₹) | 0.35 | 0.04 | 0.61 | 0.74 | 0.06 | 1.93 | 0.19 | 0.30 | 0.27 | 0.26 | 1.00 | 1.11 | 0.81 | 1.18 | 0.60 | 0.74 | 0.82 | 2.74 | 1.74 | -3.00 | -1.22 | -2.34 | -6.74 | -3.53 | -3.12 | -0.20 | 0.56 | 0.56 | 0.40 | 0.56 | 0.10 | 0.30 | 0.12 |
| Net profit YoY | +1115.8% | −96.9% | +211.7% | +180.3% | −74.2% | +724.3% | −78.5% | −73.3% | −66.2% | −77.9% | −83.2% | +110.0% | +67.4% | −27.0% | +477.9% | +129.7% | +167.0% | +217.1% | +125.9% | +14.9% | +61.0% | −1091.4% | −1311.9% | −735.4% | −872.6% | −135.2% | +436.5% | +85.2% | +250.5% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 230 | 163 | 138 | 105 | 84.1 | 47.5 | 103 | 100 |
| Other income | 1.6 | 5.2 | 1.8 | 0.6 | 0.1 | 0.2 | 0.2 | 0.9 |
| Total expenses | 228 | 162 | 132 | 98.4 | 85.3 | 71.2 | 102 | 99.9 |
| EBITDA | 11.3 | 10.2 | 14.7 | 14.2 | 5.5 | −17.2 | 7.5 | 6.5 |
| EBITDA margin | 4.9% | 6.3% | 10.7% | 13.5% | 6.6% | -36.2% | 7.3% | 6.5% |
| Finance costs | 7 | 7 | 6.5 | 5.4 | 4.2 | 3.9 | 3.4 | 3.4 |
| Depreciation | 2.2 | 2.2 | 2.2 | 2.4 | 2.5 | 2.5 | 2.6 | 2.6 |
| Profit before tax | 3.7 | 6.1 | 7.9 | 7 | −2.5 | −23.5 | 1.7 | 1.5 |
| Tax | 0.2 | −0.1 | 1.2 | 1.2 | −4.3 | 0.2 | 0.2 | −0.1 |
| Net profit | 3.4 | 6.2 | 6.7 | 5.9 | 1.8 | −23.7 | 1.5 | 1.6 |
| Net margin | 1.5% | 3.8% | 4.8% | 5.6% | 2.1% | -49.8% | 1.5% | 1.5% |
| EPS (₹) | 1.34 | 2.78 | 3.18 | 2.79 | 1.42 | 1.25 | 1.25 | 1.25 |
| Net profit YoY | −44.2% | −7.6% | +14.1% | +232.5% | +107.4% | −1626.4% | −0.0% | – |
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 | −26.8 | 2.7 | 10.1 | −24.1 | 10.8 |
| Investing cash flow | 32.5 | 11 | −1.7 | 32.7 | −8.5 |
| Financing cash flow | −5.5 | −8.6 | −7.6 | −8.7 | −2 |
| Capital expenditure | 0.7 | 5.9 | 6.8 | 6.2 | 8.6 |
| Free cash flow (CFO − capex) | −27.6 | −3.2 | 3.3 | −30.2 | 2.2 |
Net profit trend
annual, ₹ croreFY21
₹−23.7
FY22
₹1.8+107%
FY23
₹5.9+233%
FY24
₹6.7+14%
FY25
₹6.2−8%
FY26
₹3.4−44%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 14 Feb 2026 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 29 Aug 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 30 May 2025 | PDF on NSE XBRL |
| Q3 FY25 | Standalone | 14 Feb 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 14 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 13 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 38.2×11.5×
P/B5Y avg 2.59×0.39×
ROEFY26, on average equity2.6%
Net margin1.5%
Debt / equity0.33×
Revenue CAGR (3Y)30.0%
Profit CAGR (3Y)-16.2%
EPS (TTM)₹1.47
Market cap₹58 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.39×
vs 8-point avg 2.59× (−85%)
0.39× low2.59× avg4.98× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹236 Cr+7%
Net worth₹151 Cr+31%
Total borrowings₹50 Cr−18%
Cash & bank balances₹7 Cr+8%
Investments₹0 Cr+0%
Inventories₹100 Cr+19%
Trade receivables₹35 Cr−11%
Trade payables₹22 Cr−23%
Change vs the same date a year earlier.