Andrew Yule & Company Ltd.

•

₹ 26.08-0.15%

2026-08-21

andrewyule.comBSE: -NSE: ANDREWYU

Market Cap₹ 1,269 Cr.

Current Price₹ 26

High / Low₹ 27 / 25

Stock P/E—

Book Value₹ 6

Price to Book3.71

Dividend Yield0.00 %

ROCE-1.5 %

ROE-7.5 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Tea: 50.4% • Electrical-Chennai: 29.4% • Engineering: 19.9% • Unallocated: 0.2%

PROS

Working capital cycle has improved - days down from -108 to -141
Company generates healthy free cash flow
Institutional investors have been accumulating - FII+DII up 2.2pp
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 224.4% versus prior year
Company has a low return on equity of -8.3% over last 3 years
Company has a low return on capital employed of -3.2%
Receivables are growing faster than sales - a possible quality concern

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriTea/Coffee

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.	TATACONSUM	1067.80	64.63	105679.10	0.94	427.19	28.77	5348.88	11.93	10.10	13.21
2.	CCL	1120.10	34.58	14956.46	0.51	116.88	61.33	1200.45	13.72	15.90	16.12
3.	ANDREWYU	25.96	0.00	1269.32	0.00	-2.34	-111.60	58.30	5.08	-1.45	8.66
4.	MCLEODRUSS	48.28	0.00	504.31	0.00	-13.38	69.23	261.11	21.02	-1.03	11.16
5.	GOODRICKE	218.50	0.00	471.96	0.92	40.87	1181.19	211.30	21.08	8.28	17.90
6.	JAYSREETEA	93.70	0.00	270.58	0.00	-5.94	33.85	206.17	8.61	1.20	2.68
7.	UNITEDTEA	451.65	19.14	225.67	0.71	6.38	-20.51	19.83	-10.49	11.28	25.60
8.	PKTEA	728.35	42.26	225.49	0.10	3.69	370.56	11.60	-1.11	1.28	5.17
9.	ROSSELLIND	56.09	15.24	211.44	0.71	2.43	88.37	73.25	7.97	8.99	10.87
10.	NEAGI	3301.00	5.59	205.34	0.61	15.33	-80.10	6.41	-0.33	9.64	218.32
11.	DTIL	134.85	0.00	141.69	1.48	4.52	-68.52	85.14	-25.96	2.63	23.80
12.	NORBTEAEXP	69.04	0.00	107.32	0.00	3.23	1033.33	12.90	946.23	2.98	51.40

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	59	87	86	74	55	89	68	98	55	72	74	92	58
	79	100	108	112	67	79	88	141	84	76	89	141	80
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	10	8	12	9	5	11	11	36	60	11	10	7	1
Interest	3	3	4	5	5	5	4	8	5	4	5	6	7
Depreciation	2	1	1	2	2	2	2	2	2	2	2	2	2
	-16	-9	-15	-33	-13	15	-15	-16	26	0	-11	-50	-2
Tax %	-0.00%	21.34%	13.75%	16.80%	2.47%	10.61%	9.37%	17.99%	7.28%	470.27%	4.95%	13.57%	-0.00%
Net Profit	0	0	0	0	-27	15	-14	-6	20	-0	-9	-31	-2
	-0	-0	-0	-0	-0	0	-0	-0	0	0	-0	-1	-0
Equity Capital	98	98	98	98	98	98	98	98	98	98	98	98	98
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	98	98	98	98	98	98	98	98	98	98	98	98	98
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 59
: 79
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 3
Depreciation: 2
: -16
Tax %: -0.00%
Net Profit: 0
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 87
: 100
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 3
Depreciation: 1
: -9
Tax %: 21.34%
Net Profit: 0
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 86
: 108
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 4
Depreciation: 1
: -15
Tax %: 13.75%
Net Profit: 0
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 74
: 112
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 5
Depreciation: 2
: -33
Tax %: 16.80%
Net Profit: 0
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 55
: 67
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 5
Depreciation: 2
: -13
Tax %: 2.47%
Net Profit: -27
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 89
: 79
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 5
Depreciation: 2
: 15
Tax %: 10.61%
Net Profit: 15
: 0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 68
: 88
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 4
Depreciation: 2
: -15
Tax %: 9.37%
Net Profit: -14
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 98
: 141
Operating Profit: —
OPM %: —
Other Income: 36
Interest: 8
Depreciation: 2
: -16
Tax %: 17.99%
Net Profit: -6
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 55
: 84
Operating Profit: —
OPM %: —
Other Income: 60
Interest: 5
Depreciation: 2
: 26
Tax %: 7.28%
Net Profit: 20
: 0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 72
: 76
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 4
Depreciation: 2
: 0
Tax %: 470.27%
Net Profit: -0
: 0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 74
: 89
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 5
Depreciation: 2
: -11
Tax %: 4.95%
Net Profit: -9
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 92
: 141
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 6
Depreciation: 2
: -50
Tax %: 13.57%
Net Profit: -31
: -1
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 58
: 80
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 7
Depreciation: 2
: -2
Tax %: -0.00%
Net Profit: -2
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

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	TTM
	385	442	370	312	299	331	414	374	310	312	296
	380	430	365	332	338	331	423	380	399	375	386
Operating Profit	27	55	33	21	-8	30	48	25	-51	0	—
OPM %	7	12	9	7	-3	9	12	7	-16	0	—
Other Income	22	42	28	41	31	31	57	32	39	64	29
Interest	10	9	7	6	8	8	8	10	16	22	23
Depreciation	7	7	7	7	7	7	6	6	7	7	7
	10	38	20	7	-23	15	11	9	-73	-29	-63
Tax %	11	16	32	24	5	-44	109	87	13	10	9
Net Profit	8	32	14	6	-22	21	-1	1	-64	-26	-57
EPS	0	0	0	0	0	1	-0	0	-1	-0	—
Dividend Payout %	0	15	14	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	13	0	0	0	0	0	0	11	17	23	34
Adjusted EPS	1	1	0	0	-0	0	-0	0	-1	-0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	13	0	0	0	0	0	0	11	17	23	34
Adjusted EPS	1	1	0	0	-0	0	-0	0	-1	-0	—

Mar 2016

: 385
: 380
Operating Profit: 27
OPM %: 7
Other Income: 22
Interest: 10
Depreciation: 7
: 10
Tax %: 11
Net Profit: 8
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 13
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 13
Adjusted EPS: 1

Mar 2017

: 442
: 430
Operating Profit: 55
OPM %: 12
Other Income: 42
Interest: 9
Depreciation: 7
: 38
Tax %: 16
Net Profit: 32
EPS: 0
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2018

: 370
: 365
Operating Profit: 33
OPM %: 9
Other Income: 28
Interest: 7
Depreciation: 7
: 20
Tax %: 32
Net Profit: 14
EPS: 0
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2019

: 312
: 332
Operating Profit: 21
OPM %: 7
Other Income: 41
Interest: 6
Depreciation: 7
: 7
Tax %: 24
Net Profit: 6
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2020

: 299
: 338
Operating Profit: -8
OPM %: -3
Other Income: 31
Interest: 8
Depreciation: 7
: -23
Tax %: 5
Net Profit: -22
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2021

: 331
: 331
Operating Profit: 30
OPM %: 9
Other Income: 31
Interest: 8
Depreciation: 7
: 15
Tax %: -44
Net Profit: 21
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 414
: 423
Operating Profit: 48
OPM %: 12
Other Income: 57
Interest: 8
Depreciation: 6
: 11
Tax %: 109
Net Profit: -1
EPS: -0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2023

: 374
: 380
Operating Profit: 25
OPM %: 7
Other Income: 32
Interest: 10
Depreciation: 6
: 9
Tax %: 87
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 11
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 11
Adjusted EPS: 0

Mar 2024

: 310
: 399
Operating Profit: -51
OPM %: -16
Other Income: 39
Interest: 16
Depreciation: 7
: -73
Tax %: 13
Net Profit: -64
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 17
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 17
Adjusted EPS: -1

Mar 2025

: 312
: 375
Operating Profit: 0
OPM %: 0
Other Income: 64
Interest: 22
Depreciation: 7
: -29
Tax %: 10
Net Profit: -26
EPS: -0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 23
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 23
Adjusted EPS: -0

TTM

: 296
: 386
Operating Profit: —
OPM %: —
Other Income: 29
Interest: 23
Depreciation: 7
: -63
Tax %: 9
Net Profit: -57
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 34
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 34
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: -2%
5 Years:: 1%
3 Years:: -9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 1%
3 Years:: -1%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: -1%
5 Years:: -4%
3 Years:: -8%
Last Year:: -8%

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	67	98	98	98	98	98	98	98	98	98
	270	238	257	253	245	281	276	287	242	241
	44	34	28	53	81	69	60	94	110	104
Trade Payables	100	101	69	60	54	63	59	104	77	105
	170	118	118	127	125	125	144	159	184	204
Total Liabilities	651	589	570	591	602	636	638	742	711	752
ASSETS	-	-	-	-	-	-	-	-	-	-
	186	81	85	87	94	103	112	142	162	192
Capital Work in Progress	1	18	37	59	77	75	82	94	88	61
	143	169	179	179	202	203	197	201	219	244
	47	48	51	54	48	46	50	53	34	40
	0	0	0	0	0	0	0	0	100	124
Cash & Bank	82	81	81	81	64	68	32	50	39	38
	192	192	139	130	116	141	166	202	68	53
Total Assets	651	589	570	591	602	636	638	742	711	752
Total Debt	89	41	28	53	81	70	67	100	114	105
Net Working Capital	57	100	82	60	-7	19	15	-4	-92	-120
Contingent Liabilities	105	127	151	121	82	81	79	88	77	79
Book Value per Share	7.00	6.88	7.26	7.18	7.01	7.74	7.65	7.87	6.94	6.93
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	89	41	28	53	81	70	67	100	114	105
Net Working Capital	57	100	82	60	-7	19	15	-4	-92	-120
Contingent Liabilities	105	127	151	121	82	81	79	88	77	79
Book Value per Share	7.00	6.88	7.26	7.18	7.01	7.74	7.65	7.87	6.94	6.93
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2016

Equity Capital: 67
: 270
: 44
Trade Payables: 100
: 170
Total Liabilities: 651
: 186
Capital Work in Progress: 1
: 143
: 47
: 0
Cash & Bank: 82
: 192
Total Assets: 651
Total Debt: 89
Net Working Capital: 57
Contingent Liabilities: 105
Book Value per Share: 7.00
Face Value: 2.00
Total Debt: 89
Net Working Capital: 57
Contingent Liabilities: 105
Book Value per Share: 7.00
Face Value: 2.00

Mar 2017

Equity Capital: 98
: 238
: 34
Trade Payables: 101
: 118
Total Liabilities: 589
: 81
Capital Work in Progress: 18
: 169
: 48
: 0
Cash & Bank: 81
: 192
Total Assets: 589
Total Debt: 41
Net Working Capital: 100
Contingent Liabilities: 127
Book Value per Share: 6.88
Face Value: 2.00
Total Debt: 41
Net Working Capital: 100
Contingent Liabilities: 127
Book Value per Share: 6.88
Face Value: 2.00

Mar 2018

Equity Capital: 98
: 257
: 28
Trade Payables: 69
: 118
Total Liabilities: 570
: 85
Capital Work in Progress: 37
: 179
: 51
: 0
Cash & Bank: 81
: 139
Total Assets: 570
Total Debt: 28
Net Working Capital: 82
Contingent Liabilities: 151
Book Value per Share: 7.26
Face Value: 2.00
Total Debt: 28
Net Working Capital: 82
Contingent Liabilities: 151
Book Value per Share: 7.26
Face Value: 2.00

Mar 2019

Equity Capital: 98
: 253
: 53
Trade Payables: 60
: 127
Total Liabilities: 591
: 87
Capital Work in Progress: 59
: 179
: 54
: 0
Cash & Bank: 81
: 130
Total Assets: 591
Total Debt: 53
Net Working Capital: 60
Contingent Liabilities: 121
Book Value per Share: 7.18
Face Value: 2.00
Total Debt: 53
Net Working Capital: 60
Contingent Liabilities: 121
Book Value per Share: 7.18
Face Value: 2.00

Mar 2020

Equity Capital: 98
: 245
: 81
Trade Payables: 54
: 125
Total Liabilities: 602
: 94
Capital Work in Progress: 77
: 202
: 48
: 0
Cash & Bank: 64
: 116
Total Assets: 602
Total Debt: 81
Net Working Capital: -7
Contingent Liabilities: 82
Book Value per Share: 7.01
Face Value: 2.00
Total Debt: 81
Net Working Capital: -7
Contingent Liabilities: 82
Book Value per Share: 7.01
Face Value: 2.00

Mar 2021

Equity Capital: 98
: 281
: 69
Trade Payables: 63
: 125
Total Liabilities: 636
: 103
Capital Work in Progress: 75
: 203
: 46
: 0
Cash & Bank: 68
: 141
Total Assets: 636
Total Debt: 70
Net Working Capital: 19
Contingent Liabilities: 81
Book Value per Share: 7.74
Face Value: 2.00
Total Debt: 70
Net Working Capital: 19
Contingent Liabilities: 81
Book Value per Share: 7.74
Face Value: 2.00

Mar 2022

Equity Capital: 98
: 276
: 60
Trade Payables: 59
: 144
Total Liabilities: 638
: 112
Capital Work in Progress: 82
: 197
: 50
: 0
Cash & Bank: 32
: 166
Total Assets: 638
Total Debt: 67
Net Working Capital: 15
Contingent Liabilities: 79
Book Value per Share: 7.65
Face Value: 2.00
Total Debt: 67
Net Working Capital: 15
Contingent Liabilities: 79
Book Value per Share: 7.65
Face Value: 2.00

Mar 2023

Equity Capital: 98
: 287
: 94
Trade Payables: 104
: 159
Total Liabilities: 742
: 142
Capital Work in Progress: 94
: 201
: 53
: 0
Cash & Bank: 50
: 202
Total Assets: 742
Total Debt: 100
Net Working Capital: -4
Contingent Liabilities: 88
Book Value per Share: 7.87
Face Value: 2.00
Total Debt: 100
Net Working Capital: -4
Contingent Liabilities: 88
Book Value per Share: 7.87
Face Value: 2.00

Mar 2024

Equity Capital: 98
: 242
: 110
Trade Payables: 77
: 184
Total Liabilities: 711
: 162
Capital Work in Progress: 88
: 219
: 34
: 100
Cash & Bank: 39
: 68
Total Assets: 711
Total Debt: 114
Net Working Capital: -92
Contingent Liabilities: 77
Book Value per Share: 6.94
Face Value: 2.00
Total Debt: 114
Net Working Capital: -92
Contingent Liabilities: 77
Book Value per Share: 6.94
Face Value: 2.00

Mar 2025

Equity Capital: 98
: 241
: 104
Trade Payables: 105
: 204
Total Liabilities: 752
: 192
Capital Work in Progress: 61
: 244
: 40
: 124
Cash & Bank: 38
: 53
Total Assets: 752
Total Debt: 105
Net Working Capital: -120
Contingent Liabilities: 79
Book Value per Share: 6.93
Face Value: 2.00
Total Debt: 105
Net Working Capital: -120
Contingent Liabilities: 79
Book Value per Share: 6.93
Face Value: 2.00

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
	9	6	20	-16	-14	-15	-63	54	23	-11
Cash from Investing	9	12	-7	-1	-28	27	23	-29	-21	26
Cash from Financing	-21	-19	-13	18	25	-8	4	-8	-12	-15
	-3	-0	0	1	-17	4	-36	18	-11	-1
Free Cash Flow	4	6	-9	-45	-46	-17	-86	-3	6	-20
OCF / Net Profit	1.11	0.20	1.50	-2.89	0.66	-0.73	62.81	46.65	-0.36	0.43
Cumulative 5-Year FCF	0	0	0	0	-89	-110	-202	-197	-146	-120
OCF / Net Profit	1.11	0.20	1.50	-2.89	0.66	-0.73	62.81	46.65	-0.36	0.43
Cumulative 5-Year FCF	0	0	0	0	-89	-110	-202	-197	-146	-120

Mar 2016

: 9
Cash from Investing: 9
Cash from Financing: -21
: -3
Free Cash Flow: 4
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 0

Mar 2017

: 6
Cash from Investing: 12
Cash from Financing: -19
: -0
Free Cash Flow: 6
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.20
Cumulative 5-Year FCF: 0

Mar 2018

: 20
Cash from Investing: -7
Cash from Financing: -13
: 0
Free Cash Flow: -9
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0

Mar 2019

: -16
Cash from Investing: -1
Cash from Financing: 18
: 1
Free Cash Flow: -45
OCF / Net Profit: -2.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.89
Cumulative 5-Year FCF: 0

Mar 2020

: -14
Cash from Investing: -28
Cash from Financing: 25
: -17
Free Cash Flow: -46
OCF / Net Profit: 0.66
Cumulative 5-Year FCF: -89
OCF / Net Profit: 0.66
Cumulative 5-Year FCF: -89

Mar 2021

: -15
Cash from Investing: 27
Cash from Financing: -8
: 4
Free Cash Flow: -17
OCF / Net Profit: -0.73
Cumulative 5-Year FCF: -110
OCF / Net Profit: -0.73
Cumulative 5-Year FCF: -110

Mar 2022

: -63
Cash from Investing: 23
Cash from Financing: 4
: -36
Free Cash Flow: -86
OCF / Net Profit: 62.81
Cumulative 5-Year FCF: -202
OCF / Net Profit: 62.81
Cumulative 5-Year FCF: -202

Mar 2023

: 54
Cash from Investing: -29
Cash from Financing: -8
: 18
Free Cash Flow: -3
OCF / Net Profit: 46.65
Cumulative 5-Year FCF: -197
OCF / Net Profit: 46.65
Cumulative 5-Year FCF: -197

Mar 2024

: 23
Cash from Investing: -21
Cash from Financing: -12
: -11
Free Cash Flow: 6
OCF / Net Profit: -0.36
Cumulative 5-Year FCF: -146
OCF / Net Profit: -0.36
Cumulative 5-Year FCF: -146

Mar 2025

: -11
Cash from Investing: 26
Cash from Financing: -15
: -1
Free Cash Flow: -20
OCF / Net Profit: 0.43
Cumulative 5-Year FCF: -120
OCF / Net Profit: 0.43
Cumulative 5-Year FCF: -120

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 (₹)	0.63	0.66	0.28	0.11	-0.44	0.42	-0.02	0.26	-0.97	-0.06
Book Value (₹)	7.00	6.88	7.26	7.18	7.01	7.74	7.65	7.87	6.94	6.93
Dividend per Share (₹)	0.00	0.10	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.46	0.80	0.41	0.26	-0.31	0.57	0.11	0.16	-1.16	-0.39
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	6.70%	12.35%	9.00%	6.69%	-2.60%	8.83%	11.65%	6.81%	-28.80%	-20.45%
Net Margin %	2.11%	7.29%	3.66%	1.80%	-7.25%	6.30%	-0.24%	0.31%	-20.53%	-8.20%
ROE %	3.09%	11.32%	3.93%	1.59%	-6.25%	5.87%	-0.27%	0.31%	-17.57%	-7.53%
ROCE %	4.92%	13.10%	7.00%	3.52%	-3.45%	5.28%	4.31%	4.11%	-12.27%	-1.45%
	1.31%	5.20%	2.34%	0.97%	-3.64%	3.42%	-0.16%	0.17%	-8.76%	-3.49%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	99	94	98	86	72	62	63	97	128	131
Inventory Days	41	39	49	61	62	51	42	50	52	44
Payable Days	285	197	255	244	236	234	238	239	289	302
	-146	-64	-108	-97	-102	-121	-133	-92	-109	-127
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.38x	0.12x	0.08x	0.15x	0.23x	0.18x	0.18x	0.26x	0.34x	0.31x
Interest Coverage (x)	1.96x	5.06x	4.02x	2.14x	-1.69x	2.77x	2.37x	1.89x	-3.67x	-0.30x
	1.25x	1.49x	1.47x	1.32x	0.97x	1.09x	1.07x	0.98x	0.70x	0.67x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	3.47%	15.01%	-16.30%	-15.72%	-4.15%	10.49%	25.38%	-9.74%	-17.16%	0.60%
Operating Profit Growth %	-15.21%	102.94%	-38.99%	-37.33%	-137.22%	481.97%	62.58%	-47.21%	-298.50%	100.11%
Net Profit Growth %	-34.90%	280.34%	-57.91%	-58.64%	-486.40%	197.70%	-104.75%	215.73%	-5562.55%	59.84%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-475.44%	94.02%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.01x	3.71x
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	-35.11x	0.00x

Mar 2016

EPS (₹): 0.63
Book Value (₹): 7.00
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.46
Operating Margin %: 6.70%
Net Margin %: 2.11%
ROE %: 3.09%
ROCE %: 4.92%
: 1.31%
Debtor Days: 99
Inventory Days: 41
Payable Days: 285
: -146
Debt to Equity (x): 0.38x
Interest Coverage (x): 1.96x
: 1.25x
Revenue Growth %: 3.47%
Operating Profit Growth %: -15.21%
Net Profit Growth %: -34.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 0.66
Book Value (₹): 6.88
Dividend per Share (₹): 0.10
Cash EPS (₹): 0.80
Operating Margin %: 12.35%
Net Margin %: 7.29%
ROE %: 11.32%
ROCE %: 13.10%
: 5.20%
Debtor Days: 94
Inventory Days: 39
Payable Days: 197
: -64
Debt to Equity (x): 0.12x
Interest Coverage (x): 5.06x
: 1.49x
Revenue Growth %: 15.01%
Operating Profit Growth %: 102.94%
Net Profit Growth %: 280.34%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 0.28
Book Value (₹): 7.26
Dividend per Share (₹): 0.04
Cash EPS (₹): 0.41
Operating Margin %: 9.00%
Net Margin %: 3.66%
ROE %: 3.93%
ROCE %: 7.00%
: 2.34%
Debtor Days: 98
Inventory Days: 49
Payable Days: 255
: -108
Debt to Equity (x): 0.08x
Interest Coverage (x): 4.02x
: 1.47x
Revenue Growth %: -16.30%
Operating Profit Growth %: -38.99%
Net Profit Growth %: -57.91%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 0.11
Book Value (₹): 7.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.26
Operating Margin %: 6.69%
Net Margin %: 1.80%
ROE %: 1.59%
ROCE %: 3.52%
: 0.97%
Debtor Days: 86
Inventory Days: 61
Payable Days: 244
: -97
Debt to Equity (x): 0.15x
Interest Coverage (x): 2.14x
: 1.32x
Revenue Growth %: -15.72%
Operating Profit Growth %: -37.33%
Net Profit Growth %: -58.64%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -0.44
Book Value (₹): 7.01
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.31
Operating Margin %: -2.60%
Net Margin %: -7.25%
ROE %: -6.25%
ROCE %: -3.45%
: -3.64%
Debtor Days: 72
Inventory Days: 62
Payable Days: 236
: -102
Debt to Equity (x): 0.23x
Interest Coverage (x): -1.69x
: 0.97x
Revenue Growth %: -4.15%
Operating Profit Growth %: -137.22%
Net Profit Growth %: -486.40%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.42
Book Value (₹): 7.74
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.57
Operating Margin %: 8.83%
Net Margin %: 6.30%
ROE %: 5.87%
ROCE %: 5.28%
: 3.42%
Debtor Days: 62
Inventory Days: 51
Payable Days: 234
: -121
Debt to Equity (x): 0.18x
Interest Coverage (x): 2.77x
: 1.09x
Revenue Growth %: 10.49%
Operating Profit Growth %: 481.97%
Net Profit Growth %: 197.70%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -0.02
Book Value (₹): 7.65
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.11
Operating Margin %: 11.65%
Net Margin %: -0.24%
ROE %: -0.27%
ROCE %: 4.31%
: -0.16%
Debtor Days: 63
Inventory Days: 42
Payable Days: 238
: -133
Debt to Equity (x): 0.18x
Interest Coverage (x): 2.37x
: 1.07x
Revenue Growth %: 25.38%
Operating Profit Growth %: 62.58%
Net Profit Growth %: -104.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 0.26
Book Value (₹): 7.87
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.16
Operating Margin %: 6.81%
Net Margin %: 0.31%
ROE %: 0.31%
ROCE %: 4.11%
: 0.17%
Debtor Days: 97
Inventory Days: 50
Payable Days: 239
: -92
Debt to Equity (x): 0.26x
Interest Coverage (x): 1.89x
: 0.98x
Revenue Growth %: -9.74%
Operating Profit Growth %: -47.21%
Net Profit Growth %: 215.73%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -0.97
Book Value (₹): 6.94
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.16
Operating Margin %: -28.80%
Net Margin %: -20.53%
ROE %: -17.57%
ROCE %: -12.27%
: -8.76%
Debtor Days: 128
Inventory Days: 52
Payable Days: 289
: -109
Debt to Equity (x): 0.34x
Interest Coverage (x): -3.67x
: 0.70x
Revenue Growth %: -17.16%
Operating Profit Growth %: -298.50%
Net Profit Growth %: -5562.55%
: -475.44%
P/E (x): 0.00x
P/B (x): 5.01x
Dividend Yield %: 0.00%
: -35.11x

Mar 2025

EPS (₹): -0.06
Book Value (₹): 6.93
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.39
Operating Margin %: -20.45%
Net Margin %: -8.20%
ROE %: -7.53%
ROCE %: -1.45%
: -3.49%
Debtor Days: 131
Inventory Days: 44
Payable Days: 302
: -127
Debt to Equity (x): 0.31x
Interest Coverage (x): -0.30x
: 0.67x
Revenue Growth %: 0.60%
Operating Profit Growth %: 100.11%
Net Profit Growth %: 59.84%
: 94.02%
P/E (x): 0.00x
P/B (x): 3.71x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	89.25	89.25	89.25	89.25	89.25	89.25	89.25	89.25	89.25
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.20	2.20	2.20	2.20	0.00	2.20	2.20	2.20	2.20
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	8.55	8.55	8.55	8.55	8.55	8.55	8.55	8.55	8.55

Jun 2024

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Sep 2024

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Dec 2024

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Mar 2025

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Jun 2025

: 89.25
FIIs: 0.00
: 0.00
Government: 0.00
: 8.55

Sep 2025

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Dec 2025

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Mar 2026

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Jun 2026

: 89.25
FIIs: 0.00
: 2.20
Government: 0.00
: 8.55

Documents

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Annual Reports

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Concalls

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