Ester Industries Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Polyester Chips: 83.6% • Speciality Polymers: 16.4%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Latest quarter profit grew 50.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 8.57x)
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 72.5% versus prior year
- Company has a low return on equity of 1.5% over last 3 years
- Company has a low return on capital employed of 4.4%
- A large part of profit comes from other income (26.5% of PBT)
- Company has delivered a poor profit growth of -16.4% over past five years
- Company has delivered a poor sales growth of 0.6% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | 3509.50 | 43.18 | 44580.08 | 1.03 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| ASTRAL | 1471.15 | 68.67 | 39522.47 | 0.27 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| SHAILY | 3445.35 | 89.63 | 15846.97 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 29.46 | 29.59 |
| GRWRHITECH | 6755.75 | 40.47 | 15695.22 | 0.18 | 132.65 | 59.78 | 633.08 | 27.90 | 18.08 | 27.17 |
| FINPIPE | 156.70 | 15.80 | 9722.87 | 1.75 | 114.52 | 16.67 | 883.58 | -15.30 | 12.73 | 12.09 |
| TIMETECHNO | 185.95 | 18.74 | 9179.15 | 0.81 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 17.37 | 13.25 |
| KINGFA | 6167.55 | 37.03 | 8357.88 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| RESPONIND | 169.65 | 44.65 | 4523.01 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| POLYPLEX | 1139.35 | 23.03 | 3576.70 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| PRINCEPIPE | 280.95 | 30.42 | 3106.21 | 0.36 | 337.49 | 6900.41 | 6094.18 | 949.97 | 6.20 | 12.66 |
| NILKAMAL | 2054.30 | 24.59 | 3065.53 | 0.97 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| ESTER | 90.84 | 102.52 | 947.42 | 0.28 | 18.62 | 360.21 | 432.16 | 27.78 | 6.51 | 11.37 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 198 | 238 | 204 | 216 | 240 | 298 | 275 | 258 | 279 | 260 | 250 | 256 | 339 | |
| 194 | 241 | 212 | 211 | 227 | 266 | 233 | 225 | 253 | 249 | 240 | 232 | 328 | |
| Operating Profit | 4 | -4 | -8 | 4 | 13 | 32 | 42 | 33 | 26 | 11 | 10 | 24 | 11 |
| OPM % | 2.09% | -1.54% | -4.07% | 2.03% | 5.33% | 10.73% | 15.16% | 12.72% | 9.31% | 4.13% | 4.15% | 9.51% | 3.23% |
| 8 | 6 | 7 | 4 | 4 | 4 | 3 | 3 | 6 | 3 | 4 | 1 | 8 | |
| Interest | 9 | 10 | 9 | 9 | 9 | 10 | 8 | 9 | 8 | 10 | 9 | 9 | 9 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Profit before Tax | -7 | -17 | -21 | -12 | -3 | 15 | 25 | 17 | 13 | -6 | -5 | 6 | 19 |
| Tax % | 21.78% | 26.16% | 24.23% | 23.41% | 21.54% | 24.22% | 26.00% | 26.34% | 25.81% | 23.13% | 5.05% | 26.17% | 25.31% |
| Net Profit | -5 | -13 | -16 | -9 | -2 | 12 | 19 | 12 | 10 | -5 | -5 | 4 | 15 |
| -0.63 | -1.53 | -1.93 | -1.09 | -0.22 | 1.24 | 1.98 | 1.31 | 1.00 | -0.50 | -0.50 | 0.45 | 1.43 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 771 | 703 | 807 | 1,028 | 1,039 | 992 | 1,110 | 1,077 | 855 | 1,070 | 1,105 | |
| 700 | 660 | 741 | 920 | 849 | 756 | 937 | 977 | 859 | 951 | 1,049 | |
| Operating Profit | 70 | 43 | 66 | 108 | 189 | 236 | 173 | 100 | -3 | 119 | 56 |
| OPM % | 9.13% | 6.10% | 8.13% | 10.50% | 18.23% | 23.77% | 15.57% | 9.28% | -0.40% | 11.14% | 5.10% |
| 5 | 6 | 6 | 6 | 9 | 8 | 9 | 17 | 26 | 14 | 17 | |
| Interest | 36 | 33 | 33 | 34 | 24 | 19 | 25 | 30 | 37 | 36 | 36 |
| Depreciation | 32 | 32 | 31 | 32 | 35 | 35 | 37 | 39 | 43 | 43 | 44 |
| Profit before Tax | 7 | -16 | 7 | 47 | 139 | 190 | 120 | 48 | -57 | 55 | 14 |
| Tax % | 33.25% | 32.89% | 29.30% | 33.88% | 28.19% | 25.21% | 26.90% | 25.47% | 24.36% | 25.82% | 34.11% |
| Net Profit | 5 | -11 | 5 | 31 | 99 | 142 | 88 | 36 | -43 | 41 | 9 |
| EPS | 0.57 | -1.28 | 0.63 | 3.73 | 11.93 | 17.04 | 16.65 | 19.31 | -4.61 | 4.31 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 13.40% | 20.95% | 19.96% | 31.34% | 11.64% | 0.00% | 13.92% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 2%
- 5 Years:
- 1%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 27%
- 5 Years:
- -16%
- 3 Years:
- -23%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- -8%
- 3 Years:
- -1%
- 1 Year:
- -20%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 10%
- 3 Years:
- 1%
- Last Year:
- 5%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 47 | 47 |
| 252 | 235 | 242 | 273 | 366 | 475 | 586 | 732 | 778 | 816 | |
| 316 | 344 | 338 | 277 | 182 | 195 | 297 | 336 | 320 | 282 | |
| Trade Payables | 24 | 19 | 39 | 23 | 33 | 38 | 62 | 26 | 36 | 34 |
| 56 | 41 | 44 | 51 | 68 | 114 | 328 | 401 | 375 | 410 | |
| Total Liabilities | 689 | 681 | 704 | 665 | 691 | 864 | 1,315 | 1,536 | 1,557 | 1,589 |
| 385 | 416 | 399 | 387 | 364 | 377 | 388 | 371 | 397 | 406 | |
| Capital Work in Progress | 23 | 2 | 1 | 3 | 23 | 22 | 19 | 78 | 82 | 39 |
| 0 | 0 | 0 | 0 | 0 | 98 | 181 | 424 | 442 | 510 | |
| 128 | 117 | 114 | 125 | 110 | 137 | 203 | 138 | 113 | 129 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108 | 133 | |
| Cash & Bank | 8 | 7 | 7 | 6 | 14 | 26 | 28 | 50 | 106 | 56 |
| 144 | 139 | 183 | 144 | 180 | 204 | 497 | 475 | 309 | 316 | |
| Total Assets | 689 | 681 | 704 | 665 | 691 | 864 | 1,315 | 1,536 | 1,557 | 1,589 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 50 | 51 | 128 | 205 | 196 | 136 | 148 | 66 | 80 | |
| Cash from Investing | -20 | -11 | -15 | -23 | -51 | -154 | -122 | -156 | -37 | -103 |
| Cash from Financing | -75 | -38 | -36 | -94 | -120 | 3 | 65 | 24 | 43 | -54 |
| -14 | -0 | -0 | -0 | 0 | 0 | 23 | 5 | 72 | -77 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Ester Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-09-03 - Ester Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Ester Industries Limited has informed the Exchange regarding 'weblink of the Notice of Annual General Meeting along with Annual Report for the Financial Year 2025-26'.
2026-09-02 - Ester Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026
2026-08-24 - Ester Industries Limited has informed the Exchange about Transcript
2026-08-20 - Ayush Vardhan Singhania has submitted to the Exchange a copy of Cancellation of proposed Inter-se-Transfer of shares between the promoter and Promoter group.
2026-08-20 - Ester Industries Limited has informed the Exchange regarding 'Cancellation of proposed Inter-se Transfer of shares amongst Promoter and Promoter Group'.
2026-08-18 - Ester Industries Limited has informed the Exchange about Link of Recording
2026-08-14 - Ester Industries Limited has informed the Exchange regarding 'Intimation under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011''.
News
Recent coverage and analyst commentary for ESTER
Loading news…
AI Stock Analyst
Ester Industries 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