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 | Q3 FY19 | Q2 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,033 | 979 | 917 | 908 | 887 | 896 | 861 | 891 | 826 | 829 | 797 | 785 | 814 | 855 | 834 | 820 | 759 | 767 | 712 | 594 | 615 | 653 | 550 | 518 | 376 | 515 | 537 | 538 | 560 | 627 | 615 | 631 | 1,320 |
| Other income | 8.6 | 26.7 | 4.1 | 22.7 | 15.5 | 23.7 | 3.9 | 6.9 | 5 | 9.5 | 5.9 | 21.3 | 3.6 | 11.3 | 4.4 | 5.6 | 6.7 | 6.2 | 8.9 | 13.8 | 6.4 | 7.6 | 10.1 | 7.7 | 8 | 16.7 | 6.8 | 10.7 | 23.5 | 5.6 | 15.5 | 15 | 38.9 |
| Total expenses | 862 | 802 | 775 | 767 | 778 | 791 | 752 | 761 | 701 | 707 | 665 | 665 | 692 | 726 | 731 | 729 | 665 | 684 | 641 | 539 | 553 | 580 | 512 | 479 | 371 | 497 | 506 | 511 | 546 | 590 | 595 | 616 | 1,349 |
| EBITDA | 208 | 212 | 176 | 173 | 145 | 140 | 143 | 161 | 154 | 152 | 157 | 144 | 146 | 154 | 127 | 115 | 117 | 107 | 100 | 85.2 | 91.4 | 103 | 67.7 | 71.1 | 37.4 | 51.2 | 63.8 | 59.1 | 53.3 | 84.3 | 64.6 | 55 | 195 |
| EBITDA margin | 20.1% | 21.6% | 19.2% | 19.1% | 16.3% | 15.6% | 16.6% | 18.0% | 18.6% | 18.3% | 19.7% | 18.4% | 17.9% | 18.0% | 15.2% | 14.0% | 15.5% | 13.9% | 14.1% | 14.3% | 14.9% | 15.8% | 12.3% | 13.7% | 9.9% | 10.0% | 11.9% | 11.0% | 9.5% | 13.5% | 10.5% | 8.7% | 14.8% |
| Finance costs | 3.9 | 3.5 | 4.8 | 5.1 | 6.3 | 6.5 | 8.7 | 7.7 | 6.7 | 6.7 | 6.2 | 6.4 | 5.5 | 8 | 7.6 | 7.5 | 7.2 | 7.2 | 11.3 | 12.2 | 11.7 | 13.6 | 13 | 14.7 | 15.6 | 16.8 | 16.7 | 16.6 | 24 | 32.7 | 29.3 | 25.4 | 146 |
| Depreciation | 33.5 | 31.2 | 28.8 | 27.7 | 28.7 | 27.8 | 25.6 | 22.8 | 21.7 | 22.5 | 18.9 | 18 | 17.6 | 17.2 | 17 | 16.8 | 16.5 | 17.3 | 17.4 | 17.5 | 17.5 | 16.8 | 17.2 | 17.1 | 16.8 | 16.5 | 16.4 | 15.6 | 15.2 | 15.1 | 15.3 | 15.4 | 78.7 |
| Profit before tax | 179 | 200 | 133 | 163 | 125 | 129 | 112 | 137 | 131 | 132 | 138 | 141 | 126 | 140 | 107 | 96.4 | 100 | 120 | 80.5 | 69.3 | 68.5 | 80.2 | 47.6 | 47.1 | 12.9 | 34.6 | 37.4 | 37.6 | 37.6 | 42.2 | 35.5 | 29.2 | 9.8 |
| Tax | 42.1 | 49.3 | 30.1 | 40.2 | 28.8 | 32.2 | 25.4 | 32.1 | 30.9 | 30 | 32.1 | 35 | 28.3 | 36.9 | 25.6 | 21.2 | 21.1 | 13.8 | 16.1 | 12.6 | 12.3 | 13.3 | 10.1 | 8.6 | 4.5 | 13.1 | 25.1 | 11 | 161 | −232 | 3.2 | 1 | −2.4 |
| Net profit | 142 | 148 | 108 | 110 | 101 | 101 | 92.3 | 109 | 104 | 106 | 108 | 110 | 101 | 105 | 84.1 | 79 | 82.2 | 109 | 67.1 | 57.6 | 58.1 | 67.9 | 37.4 | 37.5 | 8.7 | 0.9 | 7.6 | 29.8 | 383 | 48.1 | −35.5 | 25.3 | 12.6 |
| Net margin | 13.8% | 15.1% | 11.7% | 12.1% | 11.4% | 11.3% | 10.7% | 12.3% | 12.6% | 12.8% | 13.5% | 14.0% | 12.4% | 12.3% | 10.1% | 9.6% | 10.8% | 14.2% | 9.4% | 9.7% | 9.4% | 10.4% | 6.8% | 7.2% | 2.3% | 0.2% | 1.4% | 5.5% | 68.4% | 7.7% | -5.8% | 4.0% | 1.0% |
| EPS (₹) | 4.66 | 5.09 | 3.53 | 4.19 | 3.31 | 3.32 | 3.04 | 3.59 | 3.42 | 3.49 | 3.53 | 3.59 | 3.31 | 3.46 | 2.76 | 2.59 | 2.69 | 3.57 | 2.20 | 1.89 | 1.90 | 2.29 | 1.30 | 1.22 | 0.26 | 0.67 | 0.38 | 0.83 | -3.99 | 9.03 | 1.02 | 0.98 | 0.37 |
| Net profit YoY | +40.9% | +46.7% | +16.7% | +0.4% | −2.9% | −5.1% | −14.2% | −0.2% | +3.1% | +1.0% | +27.9% | +38.7% | +22.5% | −3.1% | +25.3% | +37.2% | +41.6% | +60.1% | +79.5% | +53.5% | +565.2% | +7442.2% | +392.5% | +25.8% | −97.7% | −98.1% | +121.4% | +18.0% | – | +282.1% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,691 | 3,474 | 3,225 | 3,268 | 2,688 | 2,097 | 2,154 | 2,470 | 4,768 |
| Other income | 68.9 | 39.4 | 40.3 | 28.1 | 35.2 | 33.3 | 53.4 | 39.8 | 85.3 |
| Total expenses | 3,122 | 3,005 | 2,728 | 2,852 | 2,417 | 1,943 | 2,060 | 2,348 | 5,117 |
| EBITDA | 705 | 597 | 599 | 513 | 384 | 279 | 232 | 296 | 543 |
| EBITDA margin | 19.1% | 17.2% | 18.6% | 15.7% | 14.3% | 13.3% | 10.8% | 12.0% | 11.4% |
| Finance costs | 19.6 | 29.6 | 24.8 | 30.3 | 42.5 | 56.9 | 74.2 | 114 | 587 |
| Depreciation | 116 | 97.9 | 77 | 67.5 | 69.8 | 67.9 | 63.6 | 60.9 | 305 |
| Profit before tax | 621 | 509 | 537 | 444 | 338 | 188 | 147 | 162 | −264 |
| Tax | 148 | 121 | 125 | 105 | 54.9 | 36.4 | 210 | −227 | 5.1 |
| Net profit | 466 | 406 | 424 | 351 | 291 | 152 | 421 | 49.3 | −268 |
| Net margin | 12.6% | 11.7% | 13.2% | 10.7% | 10.8% | 7.2% | 19.6% | 2.0% | -5.6% |
| EPS (₹) | 16.12 | 13.37 | 13.92 | 11.51 | 9.56 | 5.06 | -2.11 | 12.82 | -8.90 |
| Net profit YoY | +14.8% | −4.2% | +21.0% | +20.3% | +92.4% | −64.0% | +754.1% | +118.4% | – |
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 | 655 | 422 | 444 | 252 | 159 |
| Investing cash flow | −367 | −223 | −287 | −158 | 55.7 |
| Financing cash flow | −321 | −91.5 | −159 | −101 | −161 |
| Capital expenditure | 198 | 245 | 278 | 182 | 51 |
| Free cash flow (CFO − capex) | 457 | 177 | 166 | 69.3 | 108 |
Net profit trend
annual, ₹ croreFY21
₹152
FY22
₹291+92%
FY23
₹351+20%
FY24
₹424+21%
FY25
₹406−4%
FY26
₹466+15%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 27 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 27 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 29 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 29 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 8 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 8 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 23.1×31.2×
P/B5Y avg 3.83×4.79×
ROEFY26, on average equity15.4%
Net margin12.6%
Debt / equity0.04×
Revenue CAGR (3Y)4.1%
Profit CAGR (3Y)10.0%
EPS (TTM)₹16.64
Market cap₹15,829 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.79×
vs 8-point avg 3.83× (+25%)
2.10× low3.83× avg4.87× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹4,212 Cr+12%
Net worth₹3,302 Cr+20%
Total borrowings₹146 Cr−57%
Cash & bank balances₹242 Cr−7%
Investments₹0 Cr+0%
Inventories₹958 Cr−3%
Trade receivables₹643 Cr+22%
Trade payables₹311 Cr+17%
Change vs the same date a year earlier.
Revenue mix FY26
Wire & Wire Ropes97.9%result ₹650 Cr
Others2.1%result ₹−1.6 Cr
Segment revenue as reported, before inter-segment eliminations.