Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q1 FY24
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 117 | 101 | 96.6 | 76.3 | 82 | 92.2 | 106 | 111 | 96.8 | 94.6 | 99.3 | 105 | 106 |
| Other income | 2.2 | 3.6 | 3.2 | 3.1 | 1.3 | 3.8 | 4.6 | 4 | 2.2 | 2.9 | 1.9 | 1.9 | 1.9 |
| Total expenses | 111 | 100 | 89.1 | 81.4 | 83.1 | 93.2 | 97 | 97.1 | 85.5 | 82.4 | 86.4 | 90.4 | 86.8 |
| EBITDA | 15.3 | 9.1 | 13.9 | 1.7 | 5.9 | 5.7 | 15.2 | 20.5 | 18.3 | 18.3 | 18.3 | 20.3 | 24.9 |
| EBITDA margin | 13.1% | 8.9% | 14.4% | 2.3% | 7.2% | 6.2% | 14.3% | 18.4% | 19.0% | 19.3% | 18.4% | 19.4% | 23.6% |
| Finance costs | 4.9 | 3.9 | 2.3 | 2.7 | 3 | 2.7 | 2.1 | 2.4 | 3.3 | 2.4 | 1.9 | 2.1 | 2.7 |
| Depreciation | 4.2 | 4.1 | 4.2 | 4.2 | 4.1 | 4.1 | 4.1 | 4 | 3.8 | 3.6 | 3.5 | 3.5 | 3.4 |
| Profit before tax | 8.4 | 4.7 | 10.7 | −2 | 0.2 | 2.8 | 13.6 | 18 | 13.6 | 15.1 | 14.8 | 16.6 | 20.8 |
| Tax | 2.5 | 1.7 | 3.6 | 0.1 | 1.7 | −0.4 | 4.7 | 1.1 | 5 | 7.1 | 4.9 | 5.5 | 6.5 |
| Net profit | 5.9 | 3.1 | 7.1 | −2.1 | −1.5 | 3.2 | 8.9 | 16.9 | 8.6 | 8.1 | 9.9 | 11.1 | 14.3 |
| Net margin | 5.0% | 3.0% | 7.3% | -2.8% | -1.9% | 3.5% | 8.4% | 15.2% | 8.8% | 8.5% | 10.0% | 10.6% | 13.6% |
| EPS (₹) | 1.29 | 0.68 | 1.57 | -0.47 | -0.39 | 0.76 | 2.17 | 4.30 | 2.18 | 2.06 | 2.56 | 2.90 | 3.77 |
| Net profit YoY | +485.1% | −3.9% | −20.4% | −112.5% | −117.9% | −60.4% | −10.2% | +52.2% | −40.3% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 356 | 406 | 405 |
| Other income | 11.2 | 14.7 | 8.6 |
| Total expenses | 354 | 373 | 346 |
| EBITDA | 30.7 | 59.7 | 81.8 |
| EBITDA margin | 8.6% | 14.7% | 20.2% |
| Finance costs | 11.8 | 10.5 | 9 |
| Depreciation | 16.6 | 15.9 | 14 |
| Profit before tax | 13.6 | 48 | 67.4 |
| Tax | 7.1 | 10.5 | 24 |
| Net profit | 6.5 | 37.5 | 43.4 |
| Net margin | 1.8% | 9.2% | 10.7% |
| EPS (₹) | 1.45 | 8.96 | 11.21 |
| Net profit YoY | −82.7% | −13.6% | – |
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 |
|---|---|---|---|
| Operating cash flow | 75.1 | 11.2 | 47 |
| Investing cash flow | −367 | −178 | −68.6 |
| Financing cash flow | 243 | 178 | 75.9 |
| Capital expenditure | 373 | 191 | 59.6 |
| Free cash flow (CFO − capex) | −298 | −180 | −12.6 |
Net profit trend
annual, ₹ croreFY24
₹43.4
FY25
₹37.5−14%
FY26
₹6.5−83%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 2 Jun 2026 | PDF XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 30 Jan 2026 | PDF XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 30 Jan 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 10 Nov 2025 | PDF XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 35.2×24.2×
P/B5Y avg 3.05×0.73×
ROEFY26, on average equity1.4%
Net margin1.8%
Debt / equity0.99×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹3.10
Market cap₹337 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.73×
vs 6-point avg 3.05× (−76%)
0.73× low3.05× avg5.19× high
History points are balance-sheet dates (2023 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,117 Cr+51%
Net worth₹463 Cr+2%
Total borrowings₹460 Cr+105%
Cash & bank balances₹18 Cr−73%
Investments₹0 Cr−26%
Inventories₹146 Cr+10%
Trade receivables₹46 Cr−1%
Trade payables₹41 Cr+168%
Change vs the same date a year earlier.
Revenue mix FY26
Paper & Pulp82.8%result ₹26.8 Cr
Moulded Products17.2%result ₹−10.8 Cr
Segment revenue as reported, before inter-segment eliminations.