Epigral Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2011 • Caustic: 100.0%
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company has delivered good profit growth of 27.0% CAGR over last 5 years
- Company has delivered good sales growth of 25.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.44x)
- Working capital cycle has improved - days down from 38 to 16
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 45.0% versus prior year
- Promoter holding has decreased over last 2 years: -2.8pp
- Operating margins have contracted to 21.2% from 30.1%
- Growth is decelerating - 3Y profit CAGR (-2.0%) trails the 5Y trend (27.0%)
- Though reporting repeated profits, the company pays out little dividend (6.5%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21410.70 | 97.29 | 193745.54 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1632.00 | 62.71 | 166117.97 | 1.32 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2605.00 | 35.72 | 77218.67 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4691.60 | 83.80 | 51537.23 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8697.20 | 56.51 | 44623.69 | 0.17 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1155.90 | 33.12 | 38936.61 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1727.25 | 30.08 | 23558.49 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1656.35 | 93.47 | 21984.38 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6465.50 | 23.93 | 19035.57 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 501.75 | 34.27 | 18199.81 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1356.30 | 17.46 | 17179.29 | 0.74 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| EPIGRAL | 1240.05 | 19.74 | 5349.74 | 0.40 | 99.74 | -37.93 | 705.36 | 16.29 | 15.65 | 25.48 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 455 | 478 | 472 | 525 | 651 | 626 | 645 | 628 | 607 | 587 | 597 | 736 | 705 | |
| 360 | 370 | 349 | 369 | 475 | 448 | 463 | 454 | 443 | 455 | 494 | 568 | 576 | |
| Operating Profit | 95 | 108 | 123 | 155 | 176 | 178 | 183 | 173 | 163 | 132 | 103 | 169 | 129 |
| OPM % | 20.93% | 22.56% | 26.04% | 29.62% | 27.09% | 28.50% | 28.29% | 27.62% | 26.94% | 22.53% | 17.21% | 22.90% | 18.30% |
| 2 | 1 | 2 | 2 | 2 | 6 | 4 | 3 | 8 | 2 | 6 | -1 | 4 | |
| Interest | 18 | 21 | 20 | 14 | 14 | 27 | -0 | 12 | 23 | 22 | 11 | 16 | 7 |
| Depreciation | 31 | 32 | 31 | 30 | 33 | 32 | 33 | 34 | 42 | 42 | 43 | 42 | 43 |
| Profit before Tax | 48 | 56 | 74 | 113 | 131 | 124 | 154 | 131 | 107 | 70 | 55 | 111 | 133 |
| Tax % | 33.42% | 32.01% | 33.51% | 32.06% | 34.39% | 35.27% | 32.56% | 33.91% | -50.30% | 26.35% | 28.30% | 25.87% | 25.53% |
| Net Profit | 32 | 38 | 49 | 77 | 86 | 81 | 104 | 87 | 160 | 52 | 39 | 82 | 99 |
| 7.62 | 9.18 | 11.87 | 18.45 | 20.70 | 19.38 | 24.23 | 20.08 | 37.18 | 11.94 | 9.08 | 18.99 | 22.99 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 392 | 598 | 710 | 611 | 829 | 1,551 | 2,188 | 1,929 | 2,550 | 2,527 | 2,626 | |
| 247 | 342 | 399 | 416 | 567 | 1,041 | 1,499 | 1,448 | 1,839 | 1,960 | 2,093 | |
| Operating Profit | 144 | 255 | 312 | 194 | 261 | 509 | 689 | 481 | 711 | 567 | 533 |
| OPM % | 36.79% | 42.72% | 43.87% | 31.80% | 31.54% | 32.85% | 31.48% | 24.94% | 27.87% | 22.44% | 20.29% |
| 1 | 4 | 14 | 9 | 7 | 8 | 9 | 7 | 15 | 15 | 11 | |
| Interest | 14 | 9 | 30 | 17 | 34 | 48 | 67 | 73 | 53 | 72 | 56 |
| Depreciation | 55 | 55 | 54 | 44 | 74 | 86 | 109 | 124 | 133 | 168 | 170 |
| Profit before Tax | 75 | 195 | 242 | 141 | 161 | 383 | 523 | 291 | 540 | 342 | 368 |
| Tax % | 11.34% | 20.34% | 24.55% | 20.56% | 37.31% | 34.07% | 32.38% | 32.64% | 33.96% | 2.57% | 26.20% |
| Net Profit | 67 | 155 | 183 | 112 | 101 | 253 | 353 | 196 | 357 | 333 | 272 |
| EPS | 9.40 | 21.97 | 25.09 | 19.17 | 17.26 | 60.84 | 85.04 | 47.12 | 82.68 | 77.19 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.88% | 10.61% | 7.26% | 6.48% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 20%
- 5 Years:
- 25%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 17%
- 5 Years:
- 27%
- 3 Years:
- -2%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -31%
RETURN ON EQUITY
- 10 Years:
- 30%
- 5 Years:
- 27%
- 3 Years:
- 19%
- Last Year:
- 16%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 71 | 71 | 41 | 42 | 42 | 42 | 42 | 42 | 43 | 43 | |
| 291 | 447 | 241 | 331 | 432 | 684 | 1,028 | 1,213 | 1,860 | 2,178 | |
| 60 | 34 | 376 | 443 | 419 | 851 | 878 | 768 | 505 | 466 | |
| Trade Payables | 18 | 33 | 36 | 47 | 73 | 88 | 110 | 184 | 186 | 260 |
| 82 | 79 | 350 | 410 | 483 | 459 | 374 | 588 | 557 | 559 | |
| Total Liabilities | 522 | 663 | 1,044 | 1,273 | 1,449 | 2,124 | 2,432 | 2,794 | 3,151 | 3,505 |
| 398 | 347 | 295 | 440 | 1,102 | 1,068 | 1,804 | 1,767 | 2,238 | 2,117 | |
| Capital Work in Progress | 3 | 79 | 468 | 691 | 126 | 589 | 158 | 483 | 64 | 451 |
| 29 | 71 | 0 | 0 | 0 | 0 | 21 | 21 | 97 | 23 | |
| 28 | 30 | 41 | 48 | 54 | 154 | 212 | 263 | 388 | 349 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179 | 232 | 417 | |
| Cash & Bank | 0 | 5 | 129 | 0 | 1 | 25 | 15 | 7 | 22 | 5 |
| 65 | 131 | 111 | 93 | 166 | 287 | 223 | 76 | 110 | 144 | |
| Total Assets | 522 | 663 | 1,044 | 1,273 | 1,449 | 2,124 | 2,432 | 2,794 | 3,151 | 3,505 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 158 | 263 | 320 | 193 | 258 | 344 | 734 | 398 | 441 | 436 | |
| Cash from Investing | -63 | -167 | -217 | -363 | -197 | -455 | -437 | -401 | -262 | -355 |
| Cash from Financing | -76 | -58 | 85 | 69 | -32 | 195 | -200 | -8 | -164 | -94 |
| -0 | -0 | 129 | -129 | 1 | 24 | -11 | -11 | 15 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 9.40 | 21.97 | 44.38 | 26.95 | 24.27 | 60.84 | 85.04 | 47.12 | 82.68 | 77.19 |
| Book Value (₹) | 51.12 | 73.11 | 68.42 | 89.66 | 113.88 | 174.72 | 257.32 | 301.83 | 441.24 | 514.94 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 5.00 | 6.00 | 5.00 |
| Cash EPS (₹) | 17.24 | 29.78 | 57.51 | 37.61 | 41.97 | 81.51 | 111.27 | 76.86 | 113.41 | 116.20 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 32.63% | 42.19% | 44.98% | 31.90% | 31.37% | 32.26% | 30.13% | 24.01% | 26.39% | 21.23% |
| Net Margin % | 14.98% | 25.28% | 25.23% | 17.63% | 11.77% | 15.75% | 15.24% | 9.77% | 13.25% | 12.46% |
| ROE % | 20.26% | 35.37% | 45.75% | 34.23% | 23.85% | 42.16% | 39.37% | 16.85% | 22.59% | 16.15% |
| ROCE % | 18.45% | 37.92% | 36.88% | 15.90% | 16.74% | 29.40% | 32.20% | 17.50% | 25.22% | 15.69% |
| 12.53% | 26.23% | 21.42% | 9.67% | 7.41% | 14.15% | 15.51% | 7.49% | 12.00% | 10.01% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 37 | 36 | 39 | 44 | 42 | 43 | 33 | 31 | 28 | 44 |
| Inventory Days | 27 | 17 | 18 | 26 | 22 | 24 | 29 | 43 | 44 | 50 |
| Payable Days | 48 | 39 | 50 | 55 | 57 | 39 | 32 | 51 | 50 | 57 |
| 16 | 14 | 7 | 15 | 7 | 28 | 30 | 24 | 22 | 38 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.34x | 0.14x | 0.79x | 0.90x | 0.79x | 1.36x | 0.82x | 0.77x | 0.31x | 0.25x |
| Interest Coverage (x) | 6.19x | 22.76x | 9.20x | 9.11x | 5.68x | 8.91x | 8.82x | 4.96x | 11.14x | 5.75x |
| 0.92x | 1.23x | 1.44x | 0.50x | 0.47x | 0.84x | 0.65x | 0.64x | 1.56x | 1.16x | |
| GROWTH | ||||||||||
| Revenue Growth % | -1.66% | 52.60% | 18.89% | -14.06% | 35.72% | 87.18% | 41.10% | -11.84% | 32.19% | -0.90% |
| Operating Profit Growth % | -3.78% | 78.99% | 25.65% | -37.82% | 32.63% | 92.64% | 34.85% | -30.16% | 48.84% | -19.82% |
| Net Profit Growth % | -0.96% | 133.66% | 17.58% | -38.73% | -9.96% | 150.68% | 39.78% | -44.59% | 82.19% | -6.64% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -44.59% | 75.47% | -6.64% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.26x | 22.96x | 10.49x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.63x | 4.30x | 1.57x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.32% | 0.62% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.30x | 12.06x | 6.96x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-31 - Epigral Limited has informed the Exchange about Investor / Analyst Plant Visit on Thursday, 03.09.2026
2026-08-18 - Epigral Limited has informed the Exchange about One-on-One Meeting with Investor / Analyst on thursday, 20.08.2026
2026-08-07 - Epigral Limited has informed the Exchange about participation in EMKAY Confluence 2026 on 12th August, 2026
2026-07-30 - Epigral Limited has informed the Exchange about One-on-One Meeting with Investor / Analyst on Monday, 3rd August, 2026.
2026-07-30 - Epigral Limited has informed the Exchange about Transcript
2026-07-29 - Epigral Limited has informed the Exchange about Copy of Newspaper Publication - Un-Audited Financial Results for the First Quarter ended 30.06.2026
2026-07-27 - Epigral Limited has informed the Exchange about Link of Recording
2026-07-27 - Epigral Limited has informed the Exchange about Investor Presentation
2026-07-27 - Epigral Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "Press Release on Un-Audited Financial Results Q1 FY27".
News
Recent coverage and analyst commentary for EPIGRAL
Loading news…
AI Stock Analyst
Epigral Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

