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 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 805 | 712 | 662 | 752 | 633 | 702 | 644 | 629 | 620 | 593 | 513 | 520 | 557 | 480 | 489 | 476 | 539 | 554 | 510 | 442 | 405 | 385 | 335 | 300 | 275 | 352 | 329 | 327 | 352 | 0 | 0 |
| Other income | 40.4 | 13.7 | 28.1 | 21.3 | 38.8 | 28.8 | 6.2 | 35.3 | 30.2 | 33 | 25.6 | 16.9 | 14.4 | 5.8 | 28.4 | 12.2 | 4.1 | 14.4 | 6.1 | 12.8 | 14.1 | 7.2 | 19.8 | 12.1 | 18.7 | 0.9 | 22.7 | 10.4 | 8.3 | 0 | 0 |
| Total expenses | 670 | 620 | 617 | 672 | 564 | 640 | 593 | 571 | 540 | 536 | 457 | 444 | 453 | 418 | 402 | 402 | 451 | 470 | 432 | 373 | 329 | 339 | 308 | 282 | 246 | 326 | 301 | 297 | 316 | 0 | 0 |
| EBITDA | 178 | 139 | 92.9 | 124 | 112 | 110 | 92.5 | 96.6 | 116 | 84.1 | 82 | 102 | 130 | 87.6 | 111 | 96.7 | 108 | 105 | 100 | 88.7 | 98 | 69.1 | 51.3 | 41.2 | 53.8 | 54 | 50.6 | 49.5 | 56.2 | 0 | 0 |
| EBITDA margin | 22.1% | 19.6% | 14.0% | 16.5% | 17.7% | 15.7% | 14.3% | 15.4% | 18.7% | 14.2% | 16.0% | 19.6% | 23.4% | 18.2% | 22.6% | 20.3% | 20.1% | 19.0% | 19.7% | 20.1% | 24.2% | 18.0% | 15.3% | 13.7% | 19.6% | 15.3% | 15.4% | 15.1% | 16.0% | – | – |
| Finance costs | 14.2 | 14.8 | 15.2 | 14 | 14.2 | 17.9 | 12.1 | 13.9 | 10.9 | 9.5 | 9.1 | 9.7 | 11.4 | 7.5 | 8.3 | 6.2 | 6 | 4.3 | 5.9 | 4.8 | 6.3 | 5.8 | 6.9 | 7.4 | 8.7 | 9.3 | 9.7 | 8.8 | 9.7 | 0 | 0 |
| Depreciation | 28.9 | 32.8 | 32.1 | 29.9 | 28.7 | 29.8 | 28.8 | 25.1 | 24.1 | 18.2 | 17.2 | 16.6 | 15.6 | 18 | 15.5 | 15.8 | 14.8 | 16.6 | 16 | 15.2 | 15.2 | 17.5 | 16.7 | 16.4 | 16.9 | 19.4 | 12.5 | 11.3 | 10.7 | 0 | 0 |
| Profit before tax | 175 | 105 | 73.7 | 101 | 108 | 91.5 | 57.8 | 92.9 | 111 | 80.6 | 81.3 | 92.5 | 118 | 67.8 | 115 | 86.9 | 91.8 | 98.8 | 84.4 | 84.5 | 92.4 | 57.9 | 53.2 | 29.4 | 46.9 | 26.2 | 51.1 | 39.8 | 44.1 | 0 | 0 |
| Tax | 37.2 | 27.7 | 19.9 | 22.1 | 25.2 | 25.1 | 16.4 | 21.7 | 27.1 | 23.2 | 19.7 | 22.3 | 27.1 | 17.8 | 28 | 21.3 | 20.1 | 26.8 | 19.8 | 18.4 | 20.5 | 14 | 11.3 | 7 | 8.3 | 6.5 | 9.4 | 4.9 | 14.1 | 0 | 0 |
| Net profit | 138 | 77.7 | 53.8 | 79.2 | 82.3 | 66.4 | 41.4 | 71.2 | 83.9 | 57.4 | 61.1 | 70.2 | 90.6 | 50 | 87.3 | 65.6 | 75.3 | 72.1 | 64.6 | 66 | 71.8 | 38.6 | 42 | 21.6 | 31.9 | 19.7 | 41.7 | 34.8 | 30 | 0 | 0 |
| Net margin | 17.1% | 10.9% | 8.1% | 10.5% | 13.0% | 9.5% | 6.4% | 11.3% | 13.5% | 9.7% | 11.9% | 13.5% | 16.3% | 10.4% | 17.8% | 13.8% | 14.0% | 13.0% | 12.7% | 14.9% | 17.7% | 10.0% | 12.5% | 7.2% | 11.6% | 5.6% | 12.7% | 10.7% | 8.5% | – | – |
| EPS (₹) | 58.97 | 33.56 | 23.46 | 33.80 | 35.02 | 29.09 | 18.03 | 30.16 | 35.04 | 23.89 | 25.61 | 28.73 | 37.05 | 20.45 | 34.21 | 25.75 | 27.58 | 28.70 | 25.71 | 26.33 | 28.62 | 17.06 | 16.91 | 9.11 | 15.30 | 7.40 | 16.79 | 14.18 | 11.82 | 0.00 | 0.00 |
| Net profit YoY | +67.3% | +17.1% | +29.9% | +11.2% | −1.8% | +15.8% | −32.1% | +1.5% | −7.4% | +14.7% | −30.0% | +6.9% | +20.3% | −30.6% | +35.2% | −0.5% | +4.9% | +86.9% | +53.6% | +205.3% | +125.1% | +96.0% | +0.8% | −38.0% | +6.3% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,759 | 2,596 | 2,182 | 1,985 | 1,911 | 1,295 | 1,359 | 1,313 | 1,188 |
| Other income | 102 | 101 | 89.9 | 50.4 | 47.4 | 57.8 | 42.3 | 37.4 | 52.1 |
| Total expenses | 2,473 | 2,343 | 1,891 | 1,673 | 1,603 | 1,176 | 1,240 | 1,187 | 1,070 |
| EBITDA | 468 | 415 | 398 | 403 | 392 | 215 | 210 | 197 | 170 |
| EBITDA margin | 17.0% | 16.0% | 18.3% | 20.3% | 20.5% | 16.6% | 15.5% | 15.0% | 14.3% |
| Finance costs | 58.3 | 54.8 | 39.7 | 27.9 | 21.3 | 28.8 | 37.5 | 32.4 | 22.9 |
| Depreciation | 123 | 108 | 67.7 | 64 | 62.9 | 67.5 | 53.9 | 38.4 | 29.3 |
| Profit before tax | 388 | 353 | 372 | 362 | 360 | 187 | 161 | 164 | 170 |
| Tax | 94.9 | 90.3 | 92.4 | 87.2 | 85.5 | 40.6 | 35 | 45.1 | 49.9 |
| Net profit | 293 | 263 | 279 | 278 | 274 | 134 | 126 | 119 | 120 |
| Net margin | 10.6% | 10.1% | 12.8% | 14.0% | 14.4% | 10.4% | 9.3% | 9.1% | 10.1% |
| EPS (₹) | 125.84 | 112.32 | 115.28 | 109.43 | 109.36 | 58.38 | 50.19 | 47.73 | 45.69 |
| Net profit YoY | +11.5% | −5.8% | +0.3% | +1.4% | +104.6% | +6.3% | +6.0% | −0.8% | – |
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 | 243 | 276 | 308 | 136 | 108 |
| Investing cash flow | −116 | −185 | −339 | 22.3 | −132 |
| Financing cash flow | −131 | −44.9 | −21.4 | −60.7 | 20.5 |
| Capital expenditure | 0 | 0 | 0 | 0 | 64.9 |
| Free cash flow (CFO − capex) | 243 | 276 | 308 | 136 | 42.7 |
Net profit trend
annual, ₹ croreFY21
₹134
FY22
₹274+105%
FY23
₹278+1%
FY24
₹279+0%
FY25
₹263−6%
FY26
₹293+11%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 13 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 13 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 28 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 28 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 11 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 11 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 11 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 11 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 16.4×19.5×
P/B5Y avg 2.71×3.37×
ROEFY26, on average equity15.4%
Net margin10.6%
Debt / equity0.41×
Revenue CAGR (3Y)11.6%
Profit CAGR (3Y)1.7%
EPS (TTM)₹153.71
Market cap₹6,810 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.37×
vs 8-point avg 2.71× (+24%)
1.24× low2.71× 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₹3,249 Cr+8%
Net worth₹2,022 Cr+14%
Total borrowings₹819 Cr−3%
Cash & bank balances₹160 Cr−2%
Investments₹468 Cr+8%
Inventories₹786 Cr+6%
Trade receivables₹667 Cr+24%
Trade payables₹102 Cr−9%
Change vs the same date a year earlier.
Revenue mix FY26
Scaffoldings Division47.7%result ₹188 Cr
Drum Closures Division22.6%result ₹233 Cr
Yarn Division12.8%result ₹8.4 Cr
Engineering & Design9.9%result ₹34.2 Cr
Fabric Division6.9%result ₹−16.3 Cr
Others0.0%result ₹0.1 Cr
Segment revenue as reported, before inter-segment eliminations.