Quarterly results
standalone · as filed with NSE · Q1 FY27 back to Q2 FY21
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 221 | 193 | 266 | 543 | 234 | 161 | 199 | 231 | 130 | 50.8 | 127 | 193 | 164 | 182 | 214 | 277 | 216 | 193 | 273 | 217 | 142 | 105 | 109 | 144 |
| Other income | 0.7 | 0.6 | 0.4 | 0.5 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | −0.3 | 0.9 | 0.7 | 0.3 | 0.5 | 0.2 | 0.5 | 0.3 | 0.5 | 0.2 | 0.2 | 0.4 | 0.2 | 0 | 0.6 |
| Total expenses | 208 | 185 | 246 | 501 | 213 | 160 | 198 | 233 | 147 | 89.9 | 154 | 193 | 172 | 172 | 207 | 254 | 205 | 190 | 234 | 181 | 119 | 104 | 99 | 129 |
| EBITDA | 23.6 | 17.6 | 32.5 | 62.8 | 31.7 | 10.6 | 10.8 | 8.6 | −6.9 | −27.5 | −14.7 | 10.5 | 0.9 | 17 | 13.2 | 31.4 | 16.3 | 6.9 | 45.2 | 41.4 | 27.9 | 6.9 | 15.3 | 20.3 |
| EBITDA margin | 10.7% | 9.1% | 12.2% | 11.6% | 13.5% | 6.6% | 5.4% | 3.7% | -5.3% | -54.1% | -11.5% | 5.4% | 0.5% | 9.4% | 6.2% | 11.3% | 7.6% | 3.6% | 16.6% | 19.1% | 19.7% | 6.5% | 14.1% | 14.1% |
| Finance costs | 8.2 | 7.5 | 9.2 | 16.2 | 8.2 | 7.4 | 7.2 | 7.8 | 7.4 | 8.5 | 8.6 | 7.8 | 6.8 | 4.6 | 4.6 | 5.8 | 4.3 | 2.2 | 4 | 3.2 | 3.2 | 3 | 3.5 | 2.9 |
| Depreciation | 2.9 | 2.4 | 3.2 | 4.3 | 2.4 | 2.4 | 2.8 | 2.9 | 2.5 | 3 | 2.9 | 2.8 | 2.8 | 2.4 | 2.4 | 2.5 | 1.9 | 2 | 1.8 | 2.1 | 2 | 2.2 | 2.1 | 1.9 |
| Profit before tax | 13.2 | 8.3 | 20.6 | 42.8 | 21.3 | 1 | 1 | −1.8 | −16.7 | −39.4 | −25.2 | 0.6 | −8.5 | 10.5 | 6.4 | 23.6 | 10.5 | 3.2 | 39.7 | 36.3 | 23.1 | 1.8 | 9.8 | 16 |
| Tax | 2.3 | 2.9 | 0.1 | −0.1 | −0.1 | −7.6 | −11.6 | 1.3 | 0 | −2 | 1.7 | 0.5 | −1.7 | 3 | 1.5 | 6.5 | 2.5 | 0.1 | 10.7 | 8 | 3.7 | 0.8 | 3.6 | 5.5 |
| Net profit | 10.9 | 1.3 | 20.4 | 42.9 | 21.4 | 8.6 | 12.6 | −3.1 | −16.7 | −37.4 | −27 | 0.1 | −6.2 | 9.6 | 7.5 | 17.1 | 7.9 | 2.9 | 29 | 28.2 | 19.4 | 1.1 | 6.3 | 10.5 |
| Net margin | 4.9% | 0.7% | 7.7% | 7.9% | 9.1% | 5.4% | 6.3% | -1.3% | -12.8% | -73.6% | -21.2% | 0.1% | -3.8% | 5.3% | 3.5% | 6.2% | 3.7% | 1.5% | 10.6% | 13.0% | 13.7% | 1.0% | 5.8% | 7.3% |
| EPS (₹) | 1.13 | 0.56 | 2.11 | 4.42 | 2.21 | 0.89 | 1.29 | -0.32 | -1.72 | -3.86 | -2.78 | 0.01 | -0.70 | 0.77 | 0.50 | 1.76 | 0.82 | 0.31 | 2.99 | 2.91 | 2.00 | 0.11 | 0.65 | 1.09 |
| Net profit YoY | −49.0% | −85.4% | +62.8% | +1497.7% | +228.2% | +123.1% | +146.5% | −2832.9% | −168.6% | −489.5% | −458.3% | −99.3% | −178.3% | +231.9% | −74.0% | −39.6% | −59.1% | +163.8% | +361.8% | +168.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,002 | 720 | 536 | 888 | 824 | 487 |
| Other income | 1.5 | 0.9 | 1.5 | 1.5 | 1.3 | 0.6 |
| Total expenses | 931 | 738 | 609 | 838 | 722 | 449 |
| EBITDA | 113 | 23.1 | −30.2 | 77.9 | 122 | 59.8 |
| EBITDA margin | 11.3% | 3.2% | -5.6% | 8.8% | 14.8% | 12.3% |
| Finance costs | 32.9 | 29.8 | 31.7 | 19.3 | 12.6 | 13.5 |
| Depreciation | 9.9 | 10.6 | 11.5 | 9.1 | 7.3 | 8.2 |
| Profit before tax | 71.7 | −16.5 | −71.9 | 51 | 103 | 38.6 |
| Tax | 3 | −17.9 | −1.4 | 13.7 | 22.7 | 13.7 |
| Net profit | 64.6 | 1.4 | −70.5 | 42.1 | 79.5 | 24.9 |
| Net margin | 6.4% | 0.2% | -13.2% | 4.7% | 9.7% | 5.1% |
| EPS (₹) | 7.09 | 0.14 | -7.27 | 3.85 | 8.27 | 2.56 |
| Net profit YoY | +4517.1% | +102.0% | −267.3% | −47.0% | +219.7% | – |
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 | 44.3 | 44.1 | −55.4 | −85.3 | 27 |
| Investing cash flow | −4.2 | −16.6 | 1.8 | 22.2 | −19.8 |
| Financing cash flow | −40.1 | −27.5 | 53.5 | 63.3 | 39.7 |
| Capital expenditure | 9 | 4.8 | 11.9 | −32.7 | 14.8 |
| Free cash flow (CFO − capex) | 35.3 | 39.3 | −67.3 | −118 | 12.2 |
Net profit trend
annual, ₹ croreFY21
₹24.9
FY22
₹79.5+220%
FY23
₹42.1−47%
FY24
₹−70.5−267%
FY25
₹1.4+102%
FY26
₹64.6+4517%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Standalone | 13 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 23 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 21 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | – | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 2025 | PDF XBRL |
| Q1 FY26 | Standalone | 23 Jul 2025 | PDF XBRL |
| Q4 FY25 | Standalone · audited | 23 Apr 2025 | PDF XBRL |
| Q3 FY25 | Standalone | 17 Jan 2025 | PDF on NSE XBRL |
| Q2 FY25 | Standalone | 15 Nov 2024 | PDF on NSE XBRL |
| Q1 FY25 | Standalone | 12 Aug 2024 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 114.3×6.4×
P/B5Y avg 2.70×1.65×
ROEFY26, on average equity25.2%
Net margin6.4%
Debt / equity0.96×
Revenue CAGR (3Y)4.1%
Profit CAGR (3Y)15.3%
EPS (TTM)₹7.79
Market cap₹481 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.65×
vs 8-point avg 2.70× (−39%)
1.44× low2.70× avg4.46× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹682 Cr+10%
Net worth₹291 Cr+31%
Total borrowings₹278 Cr−11%
Cash & bank balances₹0 Cr−26%
Investments₹7 Cr+52%
Inventories₹223 Cr+3%
Trade receivables₹62 Cr−14%
Trade payables₹55 Cr+31%
Change vs the same date a year earlier.
Revenue mix FY26
Fertilizers75.8%result ₹63.5 Cr
Chemicals & Speciality Chemicals24.2%result ₹41.1 Cr
Segment revenue as reported, before inter-segment eliminations.