Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY17
| ₹ 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 | Q4 FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 30.4 | 32.7 | 23.3 | 45.7 | 23.5 | 25.2 | 22.7 | 19.7 | 24.5 | 21.7 | 14.3 | 18.9 | 19 | 25.4 | 25.4 | 24.1 | 21.3 | 19.1 | 20.9 | 24.6 | 21.6 | 25.4 | 26.9 | 31.7 | 16.8 | 41.3 | 36.8 | 35.7 | 25.4 | 39.4 | 29.8 | 37.8 | 37.8 |
| Other income | 0.1 | 0.7 | 0.6 | 2.1 | 1 | 1.4 | 0.3 | 0.9 | 0.3 | 1.4 | 2.3 | 0.2 | 1.3 | 7.8 | 1.7 | 3.4 | 1.5 | 2.4 | 2.7 | 1.7 | 2.6 | 4.4 | 0.8 | 0.4 | 2 | 7.8 | 2.3 | 2 | 1.7 | −0.4 | 2 | 2.2 | 2.2 |
| Total expenses | 30.4 | 36.4 | 23.8 | 47.3 | 23.8 | 32.8 | 24.5 | 22.6 | 24.6 | 22.9 | 16.1 | 20.1 | 24 | 31 | 29.2 | 28.5 | 25.2 | 21.6 | 24 | 25.6 | 24.3 | 27.3 | 27.3 | 30.9 | 21.9 | 42.2 | 39.1 | 38.7 | 28.1 | 37.8 | 59.6 | 35.8 | 35.8 |
| EBITDA | 2.1 | −1.6 | 1.7 | 2.6 | 1.7 | −5.4 | 0.2 | −0.8 | 2 | 0.8 | −0.1 | 0.4 | −3 | −2.9 | −1.8 | −2.5 | −1.5 | −0.1 | −1.1 | 1.1 | −0.7 | 0.1 | 1.8 | 3 | −2.9 | 1.5 | 0.4 | −0.2 | −0.1 | 3.8 | −27.8 | 3.9 | 3.9 |
| EBITDA margin | 6.8% | -5.0% | 7.2% | 5.6% | 7.1% | -21.4% | 1.1% | -4.3% | 8.0% | 3.9% | -0.4% | 2.1% | -15.9% | -11.2% | -7.2% | -10.3% | -6.8% | -0.8% | -5.4% | 4.6% | -3.2% | 0.2% | 6.8% | 9.3% | -17.4% | 3.7% | 1.2% | -0.5% | -0.6% | 9.5% | -93.3% | 10.3% | 10.3% |
| Finance costs | 0.3 | 0.2 | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.2 | 0.2 | 0.7 | 0.6 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.6 | 0.6 | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 |
| Depreciation | 1.8 | 1.9 | 1.9 | 3.7 | 1.9 | 2 | 2 | 2 | 2 | 1.9 | 1.6 | 1.5 | 1.7 | 2.3 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.9 | 1.8 | 1.6 | 1.8 | 1.9 | 1.9 | 2.3 | 2.2 | 2.2 | 2.1 | 1.8 | 1.8 | 1.7 | 1.7 |
| Profit before tax | 0.1 | −3 | 0.1 | 0.6 | 0.6 | −9.1 | −1.6 | −2.1 | 0.2 | 0.2 | 0.5 | −1 | −3.7 | −16.4 | −2.1 | −1 | −2.4 | −0.1 | −0.4 | 0.7 | −0.2 | 2.5 | 0.4 | 1.2 | −3.2 | −3.8 | −0 | −1 | −1 | 1.3 | −27.9 | 4.2 | 4.2 |
| Tax | −1 | 0.6 | −0.7 | −0.2 | −0.4 | −2.1 | 0.3 | 8.2 | 0.8 | 0.9 | 0.5 | −0.3 | −0.6 | −6.2 | −0 | −0.6 | 1.8 | 4.4 | −0.4 | 0.2 | 0.1 | 1 | 0.3 | 0.3 | −0.7 | −1.3 | −0.4 | 1 | −0.2 | 0.7 | −0 | 1.4 | 1.4 |
| Net profit | 1.1 | −3.6 | 0.8 | 0.9 | 1.1 | −7 | −1.8 | −10.3 | −0.6 | −0.8 | 0 | −0.7 | −3 | −10.1 | −2.1 | −0.4 | −4.2 | −4.4 | −0 | 0.5 | −0.3 | 2.9 | 0.1 | 0.9 | −2.5 | −2.5 | 0.4 | −1.9 | −0.8 | 0.6 | −27.8 | 2.8 | 2.8 |
| Net margin | 3.6% | -10.9% | 3.4% | 1.9% | 4.5% | -27.6% | -8.1% | -52.4% | -2.6% | -3.5% | 0.1% | -3.9% | -15.9% | -39.9% | -8.2% | -1.7% | -19.5% | -23.2% | -0.1% | 1.9% | -1.3% | 11.2% | 0.4% | 2.8% | -14.9% | -6.1% | 1.0% | -5.4% | -3.0% | 1.5% | -93.4% | 7.4% | 7.4% |
| EPS (₹) | 0.12 | -0.42 | 0.09 | 0.10 | 0.12 | -0.84 | -0.21 | -1.24 | -0.08 | -0.10 | 0.00 | -0.09 | -0.40 | -1.52 | -0.24 | -0.03 | -0.59 | -0.68 | 0.04 | 0.05 | -0.02 | 0.44 | 0.02 | 0.16 | -0.41 | -0.30 | 0.11 | -0.09 | -0.05 | 0.10 | 0.17 | 0.50 | 0.50 |
| Net profit YoY | +3.3% | +48.7% | +143.0% | +108.3% | +267.7% | −825.5% | −14676.2% | −1314.0% | +79.2% | +92.6% | +100.6% | −79.2% | +27.1% | −128.4% | −8329.6% | −186.6% | −1355.4% | −255.4% | −123.2% | −46.9% | +88.6% | +212.8% | −72.3% | +145.6% | −226.4% | – | −34.1% | +93.0% | – | – | – | +0.0% | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 102 | 92 | 70.8 | 96.2 | 86.3 | 101 | 139 | 143 | 143 |
| Other income | 3.4 | 2.9 | 4.3 | 14.4 | 9.4 | 7.5 | 13.8 | 5 | 5 |
| Total expenses | 107 | 105 | 78.5 | 114 | 95.5 | 107 | 148 | 136 | 136 |
| EBITDA | 2.6 | −4 | −0.9 | −9.1 | −0.8 | 1.9 | 1.7 | 13.8 | 13.8 |
| EBITDA margin | 2.6% | -4.4% | -1.3% | -9.5% | -1.0% | 1.9% | 1.2% | 9.6% | 9.6% |
| Finance costs | 0.9 | 0.6 | 0.5 | 1 | 1.4 | 1.2 | 2 | 0.7 | 0.7 |
| Depreciation | 7.5 | 8 | 6.3 | 7.5 | 7.1 | 7.3 | 8.8 | 6.8 | 6.8 |
| Profit before tax | −2.3 | −12.5 | −3.4 | −21.8 | 0.1 | 1 | −5.8 | 38.4 | 38.4 |
| Tax | −0.4 | 7.2 | 0.6 | −5.1 | 4.4 | 0.9 | −0.7 | 12.4 | 12.4 |
| Net profit | −1.9 | −19.7 | −4.1 | −16.8 | −4.3 | 1.3 | −4.9 | 26.1 | 26.1 |
| Net margin | -1.9% | -21.4% | -5.7% | -17.4% | -5.0% | 1.3% | -3.5% | 18.3% | 18.3% |
| EPS (₹) | -0.22 | -2.37 | -0.52 | -1.52 | -0.63 | 0.20 | -0.32 | 4.61 | 4.61 |
| Net profit YoY | +90.2% | −385.4% | +75.8% | −291.1% | −419.5% | +127.6% | – | +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 | −2.7 | −5.2 | −9.1 | 18.9 | −9.1 |
| Investing cash flow | −11.7 | −20.3 | −21.3 | 9.9 | −4.7 |
| Financing cash flow | 11.3 | 23.1 | 2.2 | 9.7 | −1.7 |
| Capital expenditure | 12.8 | 9.8 | 23.7 | −0.7 | 6.7 |
| Free cash flow (CFO − capex) | −15.5 | −14.9 | −32.8 | 18.2 | −15.9 |
Net profit trend
annual, ₹ croreFY21
₹1.3
FY22
₹−4.3−420%
FY23
₹−16.8−291%
FY24
₹−4.1+76%
FY25
₹−19.7−385%
FY26
₹−1.9+90%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 11 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 11 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 10 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 10 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | – | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)-88.6×
P/B5Y avg 0.82×0.42×
ROEFY26, on average equity-1.1%
Net margin-1.9%
Debt / equity0.08×
Revenue CAGR (3Y)1.9%
Profit CAGR (3Y)–
EPS (TTM)₹-0.10
Market cap₹74 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.42×
vs 8-point avg 0.82× (−48%)
0.33× low0.82× avg1.39× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹215 Cr+7%
Net worth₹175 Cr+1%
Total borrowings₹15 Cr+188%
Cash & bank balances₹4 Cr−44%
Investments₹5 Cr+40%
Inventories₹15 Cr+28%
Trade receivables₹17 Cr+28%
Trade payables₹18 Cr+33%
Change vs the same date a year earlier.
Revenue mix FY23
Manufacturing Business84.2%result ₹−15.1 Cr
Retail Business11.7%result ₹0.7 Cr
Other than Manufacturing4.1%result ₹−2.3 Cr
Segment revenue as reported, before inter-segment eliminations.