Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q2 FY22
| ₹ 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 134 | 133 | 112 | 113 | 105 | 125 | 107 | 116 | 110 | 119 | 107 | 101 | 95.1 | 101 | 86.8 | 91.2 | 93.4 | 97.8 | 84.5 | 89.8 |
| Other income | 1.1 | 0.8 | 1.4 | 1 | 0.8 | 0.9 | 1.2 | 0.8 | 0.7 | 1.5 | 1 | 1.9 | 0.7 | 1 | 1.3 | 0.6 | 0.7 | 1.7 | 1 | 0.8 |
| Total expenses | 128 | 126 | 111 | 107 | 99.7 | 117 | 102 | 109 | 103 | 110 | 100 | 97.8 | 92.7 | 100 | 86 | 87.2 | 89.2 | 93.5 | 80.4 | 82.8 |
| EBITDA | 15.1 | 15.6 | 8.9 | 13.4 | 12.5 | 16.4 | 12.8 | 12.5 | 13.2 | 15.2 | 12.6 | 8.5 | 8.5 | 7.2 | 6.9 | 9.3 | 8.9 | 9.1 | 9 | 11.8 |
| EBITDA margin | 11.2% | 11.8% | 8.0% | 11.9% | 12.0% | 13.1% | 12.0% | 10.8% | 11.9% | 12.7% | 11.7% | 8.4% | 9.0% | 7.2% | 8.0% | 10.2% | 9.6% | 9.3% | 10.6% | 13.1% |
| Finance costs | 3 | 2.8 | 2.8 | 2.6 | 2.6 | 3.3 | 3.1 | 2.2 | 1.9 | 2 | 1.9 | 1.9 | 2.7 | 3 | 2.7 | 2.3 | 1.9 | 2.2 | 2 | 2.1 |
| Depreciation | 5.9 | 5.6 | 5.5 | 5.2 | 5.1 | 5.2 | 4.6 | 3.3 | 4.1 | 3.8 | 3.7 | 3.6 | 3.5 | 3.2 | 3.3 | 3.1 | 2.9 | 2.6 | 2.8 | 2.6 |
| Profit before tax | 7.2 | 8.1 | 2.1 | 6.6 | 5.6 | 8.9 | 6.4 | 7.8 | 7.9 | 10.9 | 8 | 4.8 | 3.1 | 2.1 | 4.5 | 4.6 | 4.8 | 5.9 | 5.1 | 7.9 |
| Tax | 1.7 | 2.2 | 2.3 | 1.5 | 1.7 | 1.3 | 2.2 | 1.3 | 2.3 | 3 | 2.5 | 1.2 | 1.5 | 1.5 | 1.6 | 1.8 | 1.5 | 1.8 | 1.9 | 2.1 |
| Net profit | 5.2 | 5.8 | −0.6 | 5.1 | 4 | 7.8 | 4.5 | 7 | 5.2 | 7.9 | 5.6 | 4 | 1.3 | 0.7 | 2.9 | 2.8 | 3.3 | 4.6 | 3.4 | 5.8 |
| Net margin | 3.9% | 4.4% | -0.5% | 4.5% | 3.9% | 6.3% | 4.2% | 6.1% | 4.8% | 6.7% | 5.2% | 3.9% | 1.4% | 0.7% | 3.3% | 3.0% | 3.5% | 4.7% | 4.0% | 6.4% |
| EPS (₹) | 3.84 | 4.28 | -0.38 | 3.82 | 3.12 | 6.03 | 3.46 | 5.40 | 4.04 | 6.11 | 4.27 | 3.18 | 1.10 | 0.58 | 2.41 | 2.29 | 2.69 | 3.79 | 2.79 | 4.79 |
| Net profit YoY | +28.6% | −26.1% | −112.8% | −27.0% | −22.7% | −1.1% | −18.8% | +76.2% | +296.2% | +1046.6% | +91.0% | +44.1% | −59.8% | −84.9% | −13.4% | −52.2% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue from operations | 462 | 457 | 423 | 372 | 331 |
| Other income | 4 | 3.7 | 5.1 | 3.6 | 4.2 |
| Total expenses | 444 | 430 | 401 | 362 | 316 |
| EBITDA | 50.5 | 54.9 | 44.8 | 32.4 | 33.9 |
| EBITDA margin | 10.9% | 12.0% | 10.6% | 8.7% | 10.3% |
| Finance costs | 10.8 | 10.4 | 8.5 | 9.8 | 8.4 |
| Depreciation | 21.3 | 17.2 | 14.6 | 12.6 | 10.5 |
| Profit before tax | 22.4 | 31 | 26.8 | 16 | 19.3 |
| Tax | 7.7 | 7.1 | 8.2 | 6.5 | 6.1 |
| Net profit | 14.4 | 24.6 | 18.8 | 9.7 | 13.8 |
| Net margin | 3.1% | 5.4% | 4.4% | 2.6% | 4.2% |
| EPS (₹) | 10.81 | 18.94 | 14.75 | 7.97 | 11.42 |
| Net profit YoY | −41.5% | +31.0% | +94.6% | −29.9% | – |
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 | 41.3 | 49.3 | 32.5 | 30.8 | 2.1 |
| Investing cash flow | −81.3 | −56 | −36.6 | −28 | −1.2 |
| Financing cash flow | 60.4 | −1.5 | 11.8 | −4 | −3.1 |
| Capital expenditure | 83 | 54.7 | 37.9 | 40.2 | 36.5 |
| Free cash flow (CFO − capex) | −41.7 | −5.4 | −5.4 | −9.4 | −34.4 |
Net profit trend
annual, ₹ croreFY22
₹13.8
FY23
₹9.7−30%
FY24
₹18.8+95%
FY25
₹24.6+31%
FY26
₹14.4−42%
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 |
| Q1 FY27 | Standalone | – | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 26 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 26 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 57.4×98.5×
P/B5Y avg 3.74×4.11×
ROEFY26, on average equity4.3%
Net margin3.1%
Debt / equity0.28×
Revenue CAGR (3Y)7.5%
Profit CAGR (3Y)14.2%
EPS (TTM)₹11.45
Market cap₹1,532 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.11×
vs 8-point avg 3.74× (+10%)
2.16× low3.74× avg5.58× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹635 Cr+21%
Net worth₹373 Cr+24%
Total borrowings₹103 Cr+17%
Cash & bank balances₹22 Cr+985%
Investments₹0 Cr
Inventories₹117 Cr+25%
Trade receivables₹119 Cr+2%
Trade payables₹73 Cr+28%
Change vs the same date a year earlier.
Revenue mix FY26
Hydraulic business81.5%result ₹57.9 Cr
Foundry business17.7%result ₹10.3 Cr
Other Income0.8%result ₹0 Cr
Segment revenue as reported, before inter-segment eliminations.