Aeron Composite Ltd.

•

₹ 73.7-0.41%

2026-08-21

aeroncomposite.comBSE: -NSE: AERON

Market Cap₹ 129 Cr.

Current Price₹ 74

High / Low₹ 124 / 70

Stock P/E0.0

Book Value₹ 64

Price to Book2.16

Dividend Yield0.00 %

ROCE21.2 %

ROE19.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Domestic: 84.5% • Exports: 15.5%

PROS

Company has delivered good profit growth of 35.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 30.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
Company has delivered good sales growth of 22.7% CAGR over last 5 years
Company comfortably covers its interest (8.7x coverage)
Attractively priced for its growth - PEG of 0.3

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (30.0% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.47x)
Equity base is being diluted - shares outstanding up 1209.2%
Total debt has risen sharply - up 284.6% year on year
Working capital days have increased from 34 to 111 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsPlastic ProductsPlastic Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SUPREMEIND	3610.50	44.42	45863.05	1.00	280.72	38.76	2717.66	4.16	21.49	17.33
2.	ASTRAL	1539.00	71.84	41345.26	0.26	120.20	51.77	1578.00	15.93	19.95	14.65
3.	GRWRHITECH	7048.15	42.22	16374.54	0.17	132.65	59.78	633.08	27.90	20.41	27.17
4.	SHAILY	3367.75	87.61	15490.05	0.09	48.01	16.75	280.67	13.77	19.55	29.59
5.	FINPIPE	158.20	15.95	9815.94	1.74	114.52	16.67	883.58	-15.30	17.40	12.09
6.	TIMETECHNO	190.90	19.24	9423.50	0.79	1178.60	1120.71	16927.10	1151.40	18.16	13.25
7.	KINGFA	5772.15	0.00	7822.06	0.00	80.21	101.58	688.57	49.06	30.70	16.12
8.	RESPONIND	156.70	41.24	4177.76	0.06	2.74	-94.51	192.87	-43.06	10.76	12.09
9.	POLYPLEX	1174.35	23.74	3686.57	0.26	171.07	386.02	2253.62	29.62	1.51	13.15
10.	PRINCEPIPE	283.05	0.00	3129.43	0.35	337.49	6900.41	6094.18	949.97	3.92	12.66
11.	NILKAMAL	2030.70	24.31	3030.32	0.98	24.40	59.20	819.73	-7.18	10.76	9.44
12.	AERON	75.95	0.00	129.27	0.00	—	—	—	—	21.21	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29	30	45	63	77	79	108	179	200	215
	26	28	42	58	72	73	102	169	184	197
Operating Profit	3	2	3	5	6	7	8	13	18	24
OPM %	9	8	7	8	8	8	7	7	9	11
Other Income	0	0	0	0	1	0	2	3	2	5
Interest	1	1	1	1	1	1	1	2	1	2
Depreciation	1	1	1	1	1	2	2	2	2	3
	1	1	2	3	4	4	5	10	15	18
Tax %	34	34	30	28	29	30	28	31	30	27
Net Profit	1	1	1	2	3	3	4	7	10	13
EPS	0	0	0	0	0	2	3	46	65	8
Dividend Payout %	0	0	0	0	0	5	4	2	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	1	1	1	2	3	2	3	5	8	8
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	1	1	1	2	3	2	3	5	8	8

Mar 2016

: 29
: 26
Operating Profit: 3
OPM %: 9
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: 34
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2017

: 30
: 28
Operating Profit: 2
OPM %: 8
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: 34
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2018

: 45
: 42
Operating Profit: 3
OPM %: 7
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: 30
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2019

: 63
: 58
Operating Profit: 5
OPM %: 8
Other Income: 0
Interest: 1
Depreciation: 1
: 3
Tax %: 28
Net Profit: 2
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2020

: 77
: 72
Operating Profit: 6
OPM %: 8
Other Income: 1
Interest: 1
Depreciation: 1
: 4
Tax %: 29
Net Profit: 3
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 79
: 73
Operating Profit: 7
OPM %: 8
Other Income: 0
Interest: 1
Depreciation: 2
: 4
Tax %: 30
Net Profit: 3
EPS: 2
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2022

: 108
: 102
Operating Profit: 8
OPM %: 7
Other Income: 2
Interest: 1
Depreciation: 2
: 5
Tax %: 28
Net Profit: 4
EPS: 3
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2023

: 179
: 169
Operating Profit: 13
OPM %: 7
Other Income: 3
Interest: 2
Depreciation: 2
: 10
Tax %: 31
Net Profit: 7
EPS: 46
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2024

: 200
: 184
Operating Profit: 18
OPM %: 9
Other Income: 2
Interest: 1
Depreciation: 2
: 15
Tax %: 30
Net Profit: 10
EPS: 65
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2025

: 215
: 197
Operating Profit: 24
OPM %: 11
Other Income: 5
Interest: 2
Depreciation: 3
: 18
Tax %: 27
Net Profit: 13
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

COMPOUNDED SALES GROWTH

10 Years:: 28%
5 Years:: 23%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: 42%
5 Years:: 36%
3 Years:: 54%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -36%

RETURN ON EQUITY

10 Years:: 29%
5 Years:: 27%
3 Years:: 28%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	1	1	1	1	1	1	1	2	2	17
	1	2	3	5	8	11	14	24	34	84
	5	5	4	5	5	4	8	13	6	23
Trade Payables	4	5	7	11	10	18	28	22	41	51
	4	4	5	7	12	10	10	9	18	31
Total Liabilities	15	17	21	30	38	44	61	69	101	206
ASSETS	-	-	-	-	-	-	-	-	-	-
	3	4	3	5	9	8	8	9	18	20
Capital Work in Progress	0	0	0	0	0	0	0	0	4	35
	5	7	7	9	9	11	22	19	25	54
	0	0	0	0	0	0	0	0	41	45
Cash & Bank	1	0	0	1	4	1	1	2	5	46
	7	6	10	15	16	23	31	39	8	7
Total Assets	15	17	21	30	38	44	61	69	101	206
Total Debt	7	7	7	10	13	10	13	14	12	45
Net Working Capital	2	2	4	6	8	8	10	16	19	66
Contingent Liabilities	0	0	0	0	0	0	0	1	3	2
Book Value per Share	20.77	26.05	35.35	52.10	74.30	92.94	119.80	162.09	226.61	59.33
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	7	7	7	10	13	10	13	14	12	45
Net Working Capital	2	2	4	6	8	8	10	16	19	66
Contingent Liabilities	0	0	0	0	0	0	0	1	3	2
Book Value per Share	20.77	26.05	35.35	52.10	74.30	92.94	119.80	162.09	226.61	59.33
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 1
: 1
: 5
Trade Payables: 4
: 4
Total Liabilities: 15
: 3
Capital Work in Progress: 0
: 5
: 0
Cash & Bank: 1
: 7
Total Assets: 15
Total Debt: 7
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 20.77
Face Value: 10.00
Total Debt: 7
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 20.77
Face Value: 10.00

Mar 2017

Equity Capital: 1
: 2
: 5
Trade Payables: 5
: 4
Total Liabilities: 17
: 4
Capital Work in Progress: 0
: 7
: 0
Cash & Bank: 0
: 6
Total Assets: 17
Total Debt: 7
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 26.05
Face Value: 10.00
Total Debt: 7
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 26.05
Face Value: 10.00

Mar 2018

Equity Capital: 1
: 3
: 4
Trade Payables: 7
: 5
Total Liabilities: 21
: 3
Capital Work in Progress: 0
: 7
: 0
Cash & Bank: 0
: 10
Total Assets: 21
Total Debt: 7
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 35.35
Face Value: 10.00
Total Debt: 7
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 35.35
Face Value: 10.00

Mar 2019

Equity Capital: 1
: 5
: 5
Trade Payables: 11
: 7
Total Liabilities: 30
: 5
Capital Work in Progress: 0
: 9
: 0
Cash & Bank: 1
: 15
Total Assets: 30
Total Debt: 10
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 52.10
Face Value: 10.00
Total Debt: 10
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 52.10
Face Value: 10.00

Mar 2020

Equity Capital: 1
: 8
: 5
Trade Payables: 10
: 12
Total Liabilities: 38
: 9
Capital Work in Progress: 0
: 9
: 0
Cash & Bank: 4
: 16
Total Assets: 38
Total Debt: 13
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 74.30
Face Value: 10.00
Total Debt: 13
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 74.30
Face Value: 10.00

Mar 2021

Equity Capital: 1
: 11
: 4
Trade Payables: 18
: 10
Total Liabilities: 44
: 8
Capital Work in Progress: 0
: 11
: 0
Cash & Bank: 1
: 23
Total Assets: 44
Total Debt: 10
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 92.94
Face Value: 10.00
Total Debt: 10
Net Working Capital: 8
Contingent Liabilities: 0
Book Value per Share: 92.94
Face Value: 10.00

Mar 2022

Equity Capital: 1
: 14
: 8
Trade Payables: 28
: 10
Total Liabilities: 61
: 8
Capital Work in Progress: 0
: 22
: 0
Cash & Bank: 1
: 31
Total Assets: 61
Total Debt: 13
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 119.80
Face Value: 10.00
Total Debt: 13
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 119.80
Face Value: 10.00

Mar 2023

Equity Capital: 2
: 24
: 13
Trade Payables: 22
: 9
Total Liabilities: 69
: 9
Capital Work in Progress: 0
: 19
: 0
Cash & Bank: 2
: 39
Total Assets: 69
Total Debt: 14
Net Working Capital: 16
Contingent Liabilities: 1
Book Value per Share: 162.09
Face Value: 10.00
Total Debt: 14
Net Working Capital: 16
Contingent Liabilities: 1
Book Value per Share: 162.09
Face Value: 10.00

Mar 2024

Equity Capital: 2
: 34
: 6
Trade Payables: 41
: 18
Total Liabilities: 101
: 18
Capital Work in Progress: 4
: 25
: 41
Cash & Bank: 5
: 8
Total Assets: 101
Total Debt: 12
Net Working Capital: 19
Contingent Liabilities: 3
Book Value per Share: 226.61
Face Value: 10.00
Total Debt: 12
Net Working Capital: 19
Contingent Liabilities: 3
Book Value per Share: 226.61
Face Value: 10.00

Mar 2025

Equity Capital: 17
: 84
: 23
Trade Payables: 51
: 31
Total Liabilities: 206
: 20
Capital Work in Progress: 35
: 54
: 45
Cash & Bank: 46
: 7
Total Assets: 206
Total Debt: 45
Net Working Capital: 66
Contingent Liabilities: 2
Book Value per Share: 59.33
Face Value: 10.00
Total Debt: 45
Net Working Capital: 66
Contingent Liabilities: 2
Book Value per Share: 59.33
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	2	0	3	6	4	0	2	21	-9
Cash from Investing	-1	-1	0	-3	-5	-2	-2	-4	-14	-34
Cash from Financing	-1	-1	-0	1	3	-4	1	3	-4	84
	-0	-0	-0	1	3	-2	-1	1	3	41
Free Cash Flow	1	0	0	0	0	3	-1	-1	7	-45
OCF / Net Profit	3.43	2.55	0.08	1.49	1.93	1.40	0.00	0.31	2.08	-0.66
Cumulative 5-Year FCF	0	0	0	0	3	4	2	1	8	-38
OCF / Net Profit	3.43	2.55	0.08	1.49	1.93	1.40	0.00	0.31	2.08	-0.66
Cumulative 5-Year FCF	0	0	0	0	3	4	2	1	8	-38

Mar 2016

: 2
Cash from Investing: -1
Cash from Financing: -1
: -0
Free Cash Flow: 1
OCF / Net Profit: 3.43
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.43
Cumulative 5-Year FCF: 0

Mar 2017

: 2
Cash from Investing: -1
Cash from Financing: -1
: -0
Free Cash Flow: 0
OCF / Net Profit: 2.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.55
Cumulative 5-Year FCF: 0

Mar 2018

: 0
Cash from Investing: 0
Cash from Financing: -0
: -0
Free Cash Flow: 0
OCF / Net Profit: 0.08
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.08
Cumulative 5-Year FCF: 0

Mar 2019

: 3
Cash from Investing: -3
Cash from Financing: 1
: 1
Free Cash Flow: 0
OCF / Net Profit: 1.49
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.49
Cumulative 5-Year FCF: 0

Mar 2020

: 6
Cash from Investing: -5
Cash from Financing: 3
: 3
Free Cash Flow: 0
OCF / Net Profit: 1.93
Cumulative 5-Year FCF: 3
OCF / Net Profit: 1.93
Cumulative 5-Year FCF: 3

Mar 2021

: 4
Cash from Investing: -2
Cash from Financing: -4
: -2
Free Cash Flow: 3
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 4
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 4

Mar 2022

: 0
Cash from Investing: -2
Cash from Financing: 1
: -1
Free Cash Flow: -1
OCF / Net Profit: 0.00
Cumulative 5-Year FCF: 2
OCF / Net Profit: 0.00
Cumulative 5-Year FCF: 2

Mar 2023

: 2
Cash from Investing: -4
Cash from Financing: 3
: 1
Free Cash Flow: -1
OCF / Net Profit: 0.31
Cumulative 5-Year FCF: 1
OCF / Net Profit: 0.31
Cumulative 5-Year FCF: 1

Mar 2024

: 21
Cash from Investing: -14
Cash from Financing: -4
: 3
Free Cash Flow: 7
OCF / Net Profit: 2.08
Cumulative 5-Year FCF: 8
OCF / Net Profit: 2.08
Cumulative 5-Year FCF: 8

Mar 2025

: -9
Cash from Investing: -34
Cash from Financing: 84
: 41
Free Cash Flow: -45
OCF / Net Profit: -0.66
Cumulative 5-Year FCF: -38
OCF / Net Profit: -0.66
Cumulative 5-Year FCF: -38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	4.74	5.28	9.31	16.76	22.20	19.64	27.86	42.20	64.53	7.84
Book Value (₹)	20.77	26.05	35.35	52.10	74.30	92.94	119.80	162.09	226.61	59.33
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	0.00	0.00
Cash EPS (₹)	1.23	1.37	1.85	2.94	4.10	4.20	5.08	6.57	9.84	9.72
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	8.57%	7.45%	6.29%	6.55%	8.13%	8.28%	7.22%	7.13%	8.05%	8.50%
Net Margin %	1.97%	2.11%	2.36%	3.01%	3.73%	3.24%	3.34%	3.68%	5.06%	6.20%
ROE %	25.99%	22.73%	30.42%	38.32%	35.12%	23.48%	26.19%	32.27%	33.20%	19.55%
ROCE %	21.57%	16.35%	22.28%	27.38%	24.87%	20.66%	24.35%	33.07%	36.45%	21.21%
	4.37%	4.27%	6.40%	8.50%	8.46%	6.27%	6.95%	10.20%	11.87%	8.69%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	49	53	49	55	61	75	67	53	66	73
Inventory Days	52	65	51	41	42	46	56	42	40	67
Payable Days	55	67	62	71	77	105	112	72	96	137
	47	52	39	25	25	16	11	22	11	3
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.14x	1.80x	1.57x	1.41x	1.39x	0.86x	0.81x	0.55x	0.33x	0.45x
Interest Coverage (x)	1.84x	2.61x	3.21x	4.74x	5.73x	4.42x	5.38x	6.99x	12.17x	8.68x
	1.15x	1.13x	1.26x	1.28x	1.39x	1.31x	1.23x	1.37x	1.32x	1.78x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	59.13%	4.62%	50.51%	39.95%	23.22%	1.84%	37.44%	65.58%	11.34%	7.80%
Operating Profit Growth %	59.34%	-9.72%	32.73%	46.08%	32.85%	3.72%	19.92%	63.38%	40.97%	31.78%
Net Profit Growth %	58.87%	11.27%	75.47%	79.44%	32.49%	-11.53%	41.84%	82.54%	52.92%	32.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.92%	-87.85%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	16.33x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.16x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.46x	9.16x

Mar 2016

EPS (₹): 4.74
Book Value (₹): 20.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.23
Operating Margin %: 8.57%
Net Margin %: 1.97%
ROE %: 25.99%
ROCE %: 21.57%
: 4.37%
Debtor Days: 49
Inventory Days: 52
Payable Days: 55
: 47
Debt to Equity (x): 2.14x
Interest Coverage (x): 1.84x
: 1.15x
Revenue Growth %: 59.13%
Operating Profit Growth %: 59.34%
Net Profit Growth %: 58.87%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 5.28
Book Value (₹): 26.05
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.37
Operating Margin %: 7.45%
Net Margin %: 2.11%
ROE %: 22.73%
ROCE %: 16.35%
: 4.27%
Debtor Days: 53
Inventory Days: 65
Payable Days: 67
: 52
Debt to Equity (x): 1.80x
Interest Coverage (x): 2.61x
: 1.13x
Revenue Growth %: 4.62%
Operating Profit Growth %: -9.72%
Net Profit Growth %: 11.27%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 9.31
Book Value (₹): 35.35
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.85
Operating Margin %: 6.29%
Net Margin %: 2.36%
ROE %: 30.42%
ROCE %: 22.28%
: 6.40%
Debtor Days: 49
Inventory Days: 51
Payable Days: 62
: 39
Debt to Equity (x): 1.57x
Interest Coverage (x): 3.21x
: 1.26x
Revenue Growth %: 50.51%
Operating Profit Growth %: 32.73%
Net Profit Growth %: 75.47%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 16.76
Book Value (₹): 52.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.94
Operating Margin %: 6.55%
Net Margin %: 3.01%
ROE %: 38.32%
ROCE %: 27.38%
: 8.50%
Debtor Days: 55
Inventory Days: 41
Payable Days: 71
: 25
Debt to Equity (x): 1.41x
Interest Coverage (x): 4.74x
: 1.28x
Revenue Growth %: 39.95%
Operating Profit Growth %: 46.08%
Net Profit Growth %: 79.44%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 22.20
Book Value (₹): 74.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.10
Operating Margin %: 8.13%
Net Margin %: 3.73%
ROE %: 35.12%
ROCE %: 24.87%
: 8.46%
Debtor Days: 61
Inventory Days: 42
Payable Days: 77
: 25
Debt to Equity (x): 1.39x
Interest Coverage (x): 5.73x
: 1.39x
Revenue Growth %: 23.22%
Operating Profit Growth %: 32.85%
Net Profit Growth %: 32.49%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 19.64
Book Value (₹): 92.94
Dividend per Share (₹): 1.00
Cash EPS (₹): 4.20
Operating Margin %: 8.28%
Net Margin %: 3.24%
ROE %: 23.48%
ROCE %: 20.66%
: 6.27%
Debtor Days: 75
Inventory Days: 46
Payable Days: 105
: 16
Debt to Equity (x): 0.86x
Interest Coverage (x): 4.42x
: 1.31x
Revenue Growth %: 1.84%
Operating Profit Growth %: 3.72%
Net Profit Growth %: -11.53%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 27.86
Book Value (₹): 119.80
Dividend per Share (₹): 1.00
Cash EPS (₹): 5.08
Operating Margin %: 7.22%
Net Margin %: 3.34%
ROE %: 26.19%
ROCE %: 24.35%
: 6.95%
Debtor Days: 67
Inventory Days: 56
Payable Days: 112
: 11
Debt to Equity (x): 0.81x
Interest Coverage (x): 5.38x
: 1.23x
Revenue Growth %: 37.44%
Operating Profit Growth %: 19.92%
Net Profit Growth %: 41.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 42.20
Book Value (₹): 162.09
Dividend per Share (₹): 1.00
Cash EPS (₹): 6.57
Operating Margin %: 7.13%
Net Margin %: 3.68%
ROE %: 32.27%
ROCE %: 33.07%
: 10.20%
Debtor Days: 53
Inventory Days: 42
Payable Days: 72
: 22
Debt to Equity (x): 0.55x
Interest Coverage (x): 6.99x
: 1.37x
Revenue Growth %: 65.58%
Operating Profit Growth %: 63.38%
Net Profit Growth %: 82.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 64.53
Book Value (₹): 226.61
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.84
Operating Margin %: 8.05%
Net Margin %: 5.06%
ROE %: 33.20%
ROCE %: 36.45%
: 11.87%
Debtor Days: 66
Inventory Days: 40
Payable Days: 96
: 11
Debt to Equity (x): 0.33x
Interest Coverage (x): 12.17x
: 1.32x
Revenue Growth %: 11.34%
Operating Profit Growth %: 40.97%
Net Profit Growth %: 52.92%
: 52.92%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.46x

Mar 2025

EPS (₹): 7.84
Book Value (₹): 59.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.72
Operating Margin %: 8.50%
Net Margin %: 6.20%
ROE %: 19.55%
ROCE %: 21.21%
: 8.69%
Debtor Days: 73
Inventory Days: 67
Payable Days: 137
: 3
Debt to Equity (x): 0.45x
Interest Coverage (x): 8.68x
: 1.78x
Revenue Growth %: 7.80%
Operating Profit Growth %: 31.78%
Net Profit Growth %: 32.01%
: -87.85%
P/E (x): 16.33x
P/B (x): 2.16x
Dividend Yield %: 0.00%
: 9.16x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	100.00	100.00	100.00	100.00	73.63	73.63	73.63	73.63
	0.00	0.00	0.00	0.00	4.90	0.39	0.73	0.73
	0.00	0.00	0.00	0.00	3.49	2.98	0.25	0.25
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	0.00	0.00	0.00	0.00	17.98	23.00	25.39	25.38

Mar 2020

: 100.00
: 0.00
: 0.00
Government: 0.00
Public: 0.00

Mar 2021

: 100.00
: 0.00
: 0.00
Government: 0.00
Public: 0.00

Mar 2022

: 100.00
: 0.00
: 0.00
Government: 0.00
Public: 0.00

Mar 2023

: 100.00
: 0.00
: 0.00
Government: 0.00
Public: 0.00

Sep 2024

: 73.63
: 4.90
: 3.49
Government: 0.00
Public: 17.98

Mar 2025

: 73.63
: 0.39
: 2.98
Government: 0.00
Public: 23.00

Sep 2025

: 73.63
: 0.73
: 0.25
Government: 0.00
Public: 25.39

Mar 2026

: 73.63
: 0.73
: 0.25
Government: 0.00
Public: 25.38

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Jun 2026
TranscriptPPTREC
Nov 2025
Transcript PPTREC
May 2025
TranscriptPPTREC