Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q3 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 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 691 | 601 | 784 | 650 | 667 | 595 | 726 | 617 | 646 | 544 | 603 | 564 | 591 | 490 | 525 | 431 | 448 | 418 | 445 | 303 | 382 | 370 | 362 | 219 | 257 | 337 | 366 | 302 | 289 | 0 |
| Other income | 5.1 | 14.4 | 16.4 | 18.5 | 11.8 | 12.5 | 10.2 | 6.6 | 9.5 | 10.5 | 6.4 | 8.5 | 8.1 | 9.3 | 8.7 | 10.6 | 13.4 | 9.5 | 8.2 | 8.4 | 7.2 | 2.8 | 6.6 | 6.9 | 12.8 | 8.6 | 5.2 | 5.7 | 3.6 | 0 |
| Total expenses | 625 | 566 | 671 | 580 | 590 | 542 | 643 | 543 | 570 | 497 | 537 | 508 | 519 | 445 | 462 | 390 | 400 | 374 | 401 | 276 | 331 | 307 | 313 | 216 | 250 | 306 | 339 | 281 | 269 | 0 |
| EBITDA | 81.6 | 50.8 | 130 | 84.8 | 91.4 | 67.7 | 98.4 | 87.6 | 90.6 | 60.9 | 80.9 | 70.3 | 85.2 | 57.2 | 76.8 | 54.1 | 61.1 | 54.7 | 56.4 | 39.3 | 62 | 75.3 | 60.9 | 13.6 | 18 | 47.7 | 38.7 | 32.1 | 31.8 | 0 |
| EBITDA margin | 11.8% | 8.4% | 16.5% | 13.1% | 13.7% | 11.4% | 13.5% | 14.2% | 14.0% | 11.2% | 13.4% | 12.5% | 14.4% | 11.7% | 14.6% | 12.5% | 13.6% | 13.1% | 12.7% | 13.0% | 16.2% | 20.4% | 16.8% | 6.2% | 7.0% | 14.2% | 10.6% | 10.6% | 11.0% | – |
| Finance costs | 1.4 | 0.6 | 0.8 | 0.7 | 0.7 | 0.8 | 0.4 | 0.6 | 0.8 | 0.9 | 1.6 | 2 | 0.9 | 0.8 | 2.5 | 1.3 | 1.4 | 0.9 | 1.9 | 1 | 0.9 | 0.7 | 1 | 0.9 | 0.8 | 2.2 | 1.2 | 1 | 0.9 | 0 |
| Depreciation | 14.8 | 14.5 | 15.6 | 14.8 | 14 | 13.9 | 14.4 | 13.7 | 13.3 | 12.9 | 13.7 | 12.3 | 12 | 11.7 | 12 | 11.7 | 11.1 | 10.5 | 11 | 10.8 | 10.8 | 11.7 | 10.3 | 9.9 | 9.9 | 14.7 | 10.5 | 10.3 | 10.2 | 0 |
| Profit before tax | 70.5 | 50.1 | 104 | 87.8 | 88.5 | 65.5 | 93.8 | 79.9 | 86 | 57.6 | 72 | 64.5 | 80.4 | 54 | 71 | 51.7 | 62 | 52.8 | 51.7 | 35.9 | 57.5 | 65.7 | 56.2 | 9.7 | 20.1 | 39.4 | 32.2 | 39.2 | 24.3 | 0 |
| Tax | 17.5 | 13.5 | 27.2 | 23.6 | 21.8 | 17.4 | 24.9 | 21.4 | 21.8 | 15.1 | 19.9 | 17.1 | 20.3 | 14.3 | 17.3 | 14.4 | 16.6 | 14.3 | 14.3 | 9.9 | 15.5 | 36.1 | 15.2 | 2.1 | 9.8 | 8.9 | 8.4 | 13.9 | 8.6 | 0 |
| Net profit | 57.2 | 39.8 | 81 | 67.5 | 70.4 | 51.6 | 73.1 | 61.7 | 68.1 | 44.6 | 54.9 | 50.1 | 62.8 | 40.9 | 55.9 | 39 | 47.4 | 40.4 | 39.4 | 27.2 | 43.9 | 32 | 42.7 | 8.2 | 10.9 | 32.6 | 25.7 | 25.8 | 15.7 | 0 |
| Net margin | 8.3% | 6.6% | 10.3% | 10.4% | 10.6% | 8.7% | 10.1% | 10.0% | 10.5% | 8.2% | 9.1% | 8.9% | 10.6% | 8.4% | 10.7% | 9.0% | 10.6% | 9.7% | 8.9% | 9.0% | 11.5% | 8.7% | 11.8% | 3.7% | 4.2% | 9.7% | 7.0% | 8.5% | 5.4% | – |
| EPS (₹) | 3.29 | 2.28 | 4.65 | 3.88 | 4.04 | 2.97 | 4.20 | 3.55 | 3.91 | 12.82 | 15.77 | 14.37 | 18.04 | 11.76 | 16.06 | 11.21 | 13.62 | 11.61 | 11.32 | 7.82 | 12.61 | 9.20 | 12.27 | 2.36 | 3.12 | 9.37 | 6.84 | 7.41 | 4.51 | 0.00 |
| Net profit YoY | −18.8% | −22.9% | +10.8% | +9.4% | +3.4% | +15.7% | +33.2% | +23.2% | +8.4% | +9.0% | −1.8% | +28.5% | +32.5% | +1.2% | +41.9% | – | +74.3% | −8.0% | +23.1% | +231.7% | +302.8% | −1.8% | +66.1% | −68.2% | −30.6% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,696 | 2,533 | 2,247 | 1,822 | 1,497 | 1,208 | 1,294 | 1,093 |
| Other income | 59.2 | 36.8 | 32.3 | 42.2 | 33.7 | 29.1 | 23.1 | 20 |
| Total expenses | 2,384 | 2,253 | 2,009 | 1,627 | 1,336 | 1,086 | 1,195 | 1,008 |
| EBITDA | 374 | 338 | 294 | 247 | 209 | 168 | 150 | 128 |
| EBITDA margin | 13.9% | 13.3% | 13.1% | 13.5% | 14.0% | 13.9% | 11.6% | 11.7% |
| Finance costs | 3 | 2.7 | 5.3 | 6.1 | 5 | 3.4 | 5.3 | 3.7 |
| Depreciation | 58.3 | 54.3 | 49.7 | 45.3 | 43.5 | 41.8 | 45.7 | 39.7 |
| Profit before tax | 346 | 317 | 271 | 238 | 195 | 152 | 135 | 105 |
| Tax | 90 | 83.2 | 71.6 | 62.6 | 51.6 | 63.2 | 39.8 | 37.7 |
| Net profit | 271 | 248 | 209 | 183 | 149 | 93.8 | 101 | 71.6 |
| Net margin | 10.0% | 9.8% | 9.3% | 10.0% | 10.0% | 7.8% | 7.8% | 6.6% |
| EPS (₹) | 15.54 | 14.22 | 59.97 | 52.50 | 42.92 | 26.94 | 28.94 | 20.57 |
| Net profit YoY | +9.3% | +18.6% | +14.2% | +22.3% | +59.3% | −6.9% | +40.6% | – |
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 | 92.6 | 187 | 141 | 38.2 | 62.5 |
| Investing cash flow | 49.7 | −146 | 4.5 | −12.7 | 2.8 |
| Financing cash flow | −72.1 | −64.8 | −58.5 | −50.5 | −95.4 |
| Capital expenditure | 93.6 | 101 | 93.3 | −107 | 38.2 |
| Free cash flow (CFO − capex) | −1 | 86.5 | 48.1 | −68.7 | 24.3 |
Net profit trend
annual, ₹ croreFY21
₹93.8
FY22
₹149+59%
FY23
₹183+22%
FY24
₹209+14%
FY25
₹248+19%
FY26
₹271+9%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 4 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 4 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 25 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 25 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 7 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 7 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 49.3×58.1×
P/B5Y avg 8.29×8.40×
ROEFY26, on average equity17.1%
Net margin10.0%
Debt / equity0.00×
Revenue CAGR (3Y)13.9%
Profit CAGR (3Y)14.0%
EPS (TTM)₹14.11
Market cap₹14,252 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
8.40×
vs 9-point avg 8.29× (+1%)
5.12× low8.29× avg12.10× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 30 Jun 2026
Total assets₹2,817 Cr+12%
Net worth₹1,698 Cr+11%
Total borrowings₹0 Cr
Cash & bank balances₹90 Cr−29%
Investments₹96 Cr+9%
Inventories₹961 Cr+30%
Trade receivables₹801 Cr+17%
Trade payables₹451 Cr+6%
Change vs the same date a year earlier.
Revenue mix FY26
Pumps82.0%result ₹285 Cr
Valves18.0%result ₹69.7 Cr
Segment revenue as reported, before inter-segment eliminations.