Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ 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 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,702 | 1,565 | 1,376 | 1,872 | 1,901 | 1,787 | 1,901 | 2,221 | 2,069 | 1,741 | 1,898 | 2,117 | 1,910 | 1,566 | 1,613 | 1,770 | 1,543 | 1,395 | 1,356 | 1,354 | 1,194 | 1,197 | 1,162 | 1,158 | 1,060 | 855 | 850 | 907 | 754 | 0 |
| Other income | 64.1 | 75.6 | 66.7 | 82.5 | 85.9 | 73.4 | 75.9 | 122 | 72.7 | 57.9 | 56.1 | 46.9 | 46.9 | 49.5 | 50.2 | 31.7 | 24.1 | 20 | 26 | 27.7 | 27.7 | 44.2 | 38.9 | 33.6 | 8.2 | 6.8 | 19.1 | 10.9 | 12.1 | 0 |
| Total expenses | 1,447 | 1,339 | 1,185 | 1,432 | 1,482 | 1,430 | 1,496 | 1,681 | 1,577 | 1,390 | 1,429 | 1,654 | 1,517 | 1,284 | 1,264 | 1,405 | 1,257 | 1,147 | 1,113 | 1,115 | 997 | 1,019 | 937 | 929 | 883 | 721 | 699 | 749 | 633 | 0 |
| EBITDA | 367 | 337 | 302 | 541 | 519 | 456 | 512 | 628 | 583 | 442 | 554 | 551 | 468 | 343 | 415 | 432 | 346 | 305 | 297 | 292 | 249 | 227 | 276 | 280 | 229 | 186 | 187 | 193 | 153 | 0 |
| EBITDA margin | 21.6% | 21.5% | 22.0% | 28.9% | 27.3% | 25.5% | 26.9% | 28.3% | 28.2% | 25.4% | 29.2% | 26.0% | 24.5% | 21.9% | 25.7% | 24.4% | 22.4% | 21.9% | 21.9% | 21.6% | 20.8% | 19.0% | 23.7% | 24.2% | 21.6% | 21.8% | 21.9% | 21.2% | 20.2% | – |
| Finance costs | 7.9 | 3.7 | 6.2 | 2.6 | 3.9 | 7.9 | 8.3 | 8.5 | 8.3 | 10.9 | 7 | 7.8 | 4.3 | 3.3 | 8.9 | 11.1 | 3.6 | 2.7 | 3.3 | 3.4 | 3.4 | 4.4 | 6.6 | 7.6 | 9.6 | 8.4 | 3.8 | 2.5 | 2.3 | 0 |
| Depreciation | 104 | 107 | 105 | 98 | 96.5 | 90.2 | 99.1 | 79.8 | 83.4 | 79.9 | 78.3 | 80.3 | 69.7 | 57.7 | 56.7 | 56 | 56 | 53.6 | 50.3 | 49.2 | 48.7 | 44.8 | 44 | 43.3 | 42.7 | 43.6 | 31.9 | 31.7 | 29.5 | 0 |
| Profit before tax | 320 | 300 | 363 | 523 | 505 | 431 | 481 | 662 | 564 | 409 | 524 | 510 | 441 | 331 | 400 | 397 | 310 | 269 | 269 | 267 | 225 | 222 | 264 | 263 | 185 | 141 | 170 | 169 | 133 | 0 |
| Tax | 77.6 | 100 | 51.6 | 116 | 107 | 102 | 108 | 155 | 118 | 41.8 | 77.2 | 31.7 | 62.5 | 51.9 | 48.4 | 62.9 | 51.6 | 64.9 | 46.6 | 37 | 40.5 | 42.5 | 68.2 | 45.1 | 44.4 | 31.2 | 48.7 | 46.1 | 31.2 | 0 |
| Net profit | 244 | 200 | 311 | 409 | 400 | 331 | 373 | 508 | 449 | 370 | 449 | 481 | 383 | 281 | 352 | 335 | 262 | 204 | 223 | 230 | 187 | 180 | 195 | 218 | 146 | 111 | 121 | 123 | 102 | 0 |
| Net margin | 14.3% | 12.8% | 22.6% | 21.9% | 21.0% | 18.5% | 19.6% | 22.9% | 21.7% | 21.2% | 23.6% | 22.7% | 20.0% | 17.9% | 21.8% | 18.9% | 17.0% | 14.7% | 16.4% | 17.0% | 15.7% | 15.0% | 16.8% | 18.8% | 13.7% | 12.9% | 14.3% | 13.6% | 13.5% | – |
| EPS (₹) | 16.10 | 13.20 | 20.52 | 26.98 | 26.37 | 21.79 | 24.55 | 33.51 | 29.59 | 24.36 | 29.59 | 31.67 | 25.24 | 18.49 | 23.20 | 22.07 | 17.30 | 13.49 | 14.67 | 15.15 | 12.34 | 11.96 | 12.83 | 14.61 | 10.52 | 8.03 | 8.76 | 8.95 | 7.35 | 0.00 |
| Net profit YoY | −39.0% | −39.4% | −16.5% | −19.5% | −10.9% | −10.6% | −16.9% | +5.8% | +17.2% | +31.7% | +27.5% | +43.5% | +45.9% | +37.3% | +58.0% | +45.8% | +40.2% | +13.7% | +13.9% | +5.5% | +28.7% | +62.4% | +61.4% | +76.6% | +43.2% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,714 | 7,978 | 7,666 | 6,492 | 5,300 | 4,577 | 3,367 | 2,309 |
| Other income | 311 | 344 | 208 | 159 | 101 | 125 | 48.9 | 60.3 |
| Total expenses | 5,437 | 6,184 | 5,989 | 5,214 | 4,372 | 3,768 | 2,802 | 1,904 |
| EBITDA | 1,700 | 2,179 | 2,015 | 1,542 | 1,142 | 1,012 | 718 | 493 |
| EBITDA margin | 25.3% | 27.3% | 26.3% | 23.8% | 21.6% | 22.1% | 21.3% | 21.4% |
| Finance costs | 16.4 | 33 | 30 | 37.1 | 12.8 | 28.2 | 17 | 5.3 |
| Depreciation | 407 | 353 | 308 | 227 | 202 | 175 | 137 | 83 |
| Profit before tax | 1,690 | 2,138 | 1,884 | 1,438 | 1,029 | 934 | 613 | 465 |
| Tax | 375 | 482 | 213 | 215 | 189 | 200 | 157 | 97.9 |
| Net profit | 1,321 | 1,660 | 1,682 | 1,230 | 844 | 738 | 457 | 368 |
| Net margin | 19.7% | 20.8% | 21.9% | 18.9% | 15.9% | 16.1% | 13.6% | 15.9% |
| EPS (₹) | 87.06 | 109.44 | 110.85 | 81.06 | 55.65 | 49.92 | 33.08 | 26.72 |
| Net profit YoY | −20.4% | −1.3% | +36.8% | +45.7% | +14.3% | +61.7% | – | – |
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 | 474 | 1,413 | 2,036 | 1,501 | 529 |
| Investing cash flow | −614 | −1,424 | −1,801 | −496 | −110 |
| Financing cash flow | −171 | −287 | −222 | −483 | −177 |
| Capital expenditure | 1,118 | 850 | 620 | 326 | 337 |
| Free cash flow (CFO − capex) | −644 | 563 | 1,416 | 1,175 | 192 |
Net profit trend
annual, ₹ croreFY21
₹738
FY22
₹844+14%
FY23
₹1,230+46%
FY24
₹1,682+37%
FY25
₹1,660−1%
FY26
₹1,321−20%
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 | 19 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 19 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 12 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 12 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 33.8×31.3×
P/B5Y avg 5.97×3.25×
ROEFY26, on average equity12.4%
Net margin19.7%
Debt / equity0.02×
Revenue CAGR (3Y)1.1%
Profit CAGR (3Y)2.4%
EPS (TTM)₹76.64
Market cap₹36,480 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.25×
vs 8-point avg 5.97× (−46%)
3.25× low5.97× avg7.41× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹13,444 Cr+10%
Net worth₹11,231 Cr+11%
Total borrowings₹238 Cr+113%
Cash & bank balances₹283 Cr−52%
Investments₹1,329 Cr−11%
Inventories₹1,217 Cr+24%
Trade receivables₹2,320 Cr+27%
Trade payables₹974 Cr−20%
Change vs the same date a year earlier.
Revenue mix FY26
Agro Chemicals95.5%result ₹1,798 Cr
Pharma4.5%result ₹−274 Cr
Segment revenue as reported, before inter-segment eliminations.