Andrew Yule & Company Ltd.

•

₹ 26.08-0.15%

2026-08-21

andrewyule.comBSE: -NSE: ANDREWYU

Market Cap₹ 1,274 Cr.

Current Price₹ 26

High / Low₹ 27 / 25

Stock P/E0.0

Book Value₹ 1

Price to Book12.43

Dividend Yield0.00 %

ROCE-2.9 %

ROE-22.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

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

PROS

Company generates healthy free cash flow
Institutional investors have been accumulating - FII+DII up 2.2pp

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 322.7% versus prior year
Company has a low return on equity of -21.0% over last 3 years
Company has a low return on capital employed of -5.9%
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	1060.00	64.16	104907.14	0.94	427.19	28.77	5348.88	11.93	10.10	13.21
2.	CCL	1113.15	34.36	14863.66	0.52	116.88	61.33	1200.45	13.72	15.90	16.12
3.	ANDREWYU	26.06	0.00	1274.21	0.00	-2.34	-111.60	58.30	5.08	-1.45	8.66
4.	MCLEODRUSS	50.69	0.00	529.49	0.00	-13.38	69.23	261.11	21.02	-1.03	11.16
5.	GOODRICKE	215.90	0.00	466.34	0.93	40.87	1181.19	211.30	21.08	8.28	17.90
6.	JAYSREETEA	100.06	0.00	288.95	0.00	-5.94	33.85	206.17	8.61	1.20	2.68
7.	PKTEA	731.90	42.46	226.59	0.10	3.69	370.56	11.60	-1.11	1.28	5.17
8.	UNITEDTEA	452.90	19.19	226.29	0.71	63.75	694.79	198.26	795.04	11.28	25.60
9.	ROSSELLIND	57.07	15.51	215.13	0.70	2.43	88.37	73.25	7.97	8.99	10.87
10.	NEAGI	3335.65	5.65	207.50	0.60	15.33	-80.10	6.41	-0.33	9.64	218.32
11.	DTIL	134.00	0.00	140.80	1.49	4.52	-68.52	85.14	-25.96	2.63	23.80
12.	GROBTEA	938.65	0.00	109.10	0.21	3.27	142.07	22.86	28.04	6.96	18.05

Detailed Comparison with:

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
	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	-21
Tax %	-0.00%	21.34%	13.75%	16.80%	2.47%	10.61%	9.38%	17.99%	7.28%	457.89%	4.95%	13.57%	-0.00%
Net Profit	-16	-7	-13	-27	-12	13	-14	-13	24	-1	-11	-43	-21
	-0	-0	-0	-1	-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: -16
: -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: -7
: -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: -13
: -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: -27
: -1
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: -12
: -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: 13
: 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 %: 9.38%
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: -13
: -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: 24
: 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 %: 457.89%
Net Profit: -1
: -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: -11
: -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: -43
: -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
: -21
Tax %: -0.00%
Net Profit: -21
: -0
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 98
Reserves: 0
Promoter Pledge %: 0.00%

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
	368	427	362	311	299	331	414	374	310	312	296
	364	415	353	329	336	331	423	380	399	375	386
Operating Profit	26	54	36	24	-6	30	48	25	-51	0	—
OPM %	7	13	10	8	-2	9	12	7	-16	0	—
Other Income	22	42	28	41	31	31	57	32	39	64	29
Interest	10	9	6	6	8	8	8	10	16	22	23
Depreciation	7	7	7	7	7	7	6	6	7	7	7
	9	38	24	11	-21	15	11	9	-73	-28	-81
Tax %	10	15	27	17	3	-44	109	87	13	10	7
Net Profit	8	33	17	9	-21	21	-1	1	-64	-26	-76
EPS	0	0	0	0	0	0	-0	0	-1	-1	—
Dividend Payout %	0	15	11	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	0	0	-0	0	-0	0	-1	-1	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	0	0	-0	0	-0	0	-1	-1	—

Mar 2016

: 368
: 364
Operating Profit: 26
OPM %: 7
Other Income: 22
Interest: 10
Depreciation: 7
: 9
Tax %: 10
Net Profit: 8
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 2017

: 427
: 415
Operating Profit: 54
OPM %: 13
Other Income: 42
Interest: 9
Depreciation: 7
: 38
Tax %: 15
Net Profit: 33
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

: 362
: 353
Operating Profit: 36
OPM %: 10
Other Income: 28
Interest: 6
Depreciation: 7
: 24
Tax %: 27
Net Profit: 17
EPS: 0
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2019

: 311
: 329
Operating Profit: 24
OPM %: 8
Other Income: 41
Interest: 6
Depreciation: 7
: 11
Tax %: 17
Net Profit: 9
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
: 336
Operating Profit: -6
OPM %: -2
Other Income: 31
Interest: 8
Depreciation: 7
: -21
Tax %: 3
Net Profit: -21
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: 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 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: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
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: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2025

: 312
: 375
Operating Profit: 0
OPM %: 0
Other Income: 64
Interest: 22
Depreciation: 7
: -28
Tax %: 10
Net Profit: -26
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

TTM

: 296
: 386
Operating Profit: —
OPM %: —
Other Income: 29
Interest: 23
Depreciation: 7
: -81
Tax %: 7
Net Profit: -76
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: -1%
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:: -2%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: -2%
5 Years:: -10%
3 Years:: -21%
Last Year:: -23%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	67	98	98	98	98	98	98	98	98	98
	131	78	91	90	75	96	89	89	26	3
	40	27	26	51	81	70	60	94	110	104
Trade Payables	95	96	65	57	51	60	59	104	77	105
	164	112	112	123	123	123	144	159	184	204
Total Liabilities	497	411	393	419	427	447	451	543	496	515
ASSETS	-	-	-	-	-	-	-	-	-	-
	183	78	82	87	94	103	112	142	162	192
Capital Work in Progress	1	18	37	59	77	75	82	94	88	61
	9	12	12	12	27	12	10	3	3	6
	46	47	51	53	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
	177	175	130	125	117	144	166	202	69	53
Total Assets	497	411	393	419	427	447	451	543	496	515
Total Debt	84	35	26	51	81	70	67	100	114	105
Net Working Capital	59	101	87	65	-1	25	15	-4	-92	-120
Contingent Liabilities	75	127	125	121	82	81	79	88	77	79
Book Value per Share	2.84	3.59	3.87	3.85	3.52	3.97	3.83	3.82	2.54	2.07
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	84	35	26	51	81	70	67	100	114	105
Net Working Capital	59	101	87	65	-1	25	15	-4	-92	-120
Contingent Liabilities	75	127	125	121	82	81	79	88	77	79
Book Value per Share	2.84	3.59	3.87	3.85	3.52	3.97	3.83	3.82	2.54	2.07
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
: 131
: 40
Trade Payables: 95
: 164
Total Liabilities: 497
: 183
Capital Work in Progress: 1
: 9
: 46
: 0
Cash & Bank: 82
: 177
Total Assets: 497
Total Debt: 84
Net Working Capital: 59
Contingent Liabilities: 75
Book Value per Share: 2.84
Face Value: 2.00
Total Debt: 84
Net Working Capital: 59
Contingent Liabilities: 75
Book Value per Share: 2.84
Face Value: 2.00

Mar 2017

Equity Capital: 98
: 78
: 27
Trade Payables: 96
: 112
Total Liabilities: 411
: 78
Capital Work in Progress: 18
: 12
: 47
: 0
Cash & Bank: 81
: 175
Total Assets: 411
Total Debt: 35
Net Working Capital: 101
Contingent Liabilities: 127
Book Value per Share: 3.59
Face Value: 2.00
Total Debt: 35
Net Working Capital: 101
Contingent Liabilities: 127
Book Value per Share: 3.59
Face Value: 2.00

Mar 2018

Equity Capital: 98
: 91
: 26
Trade Payables: 65
: 112
Total Liabilities: 393
: 82
Capital Work in Progress: 37
: 12
: 51
: 0
Cash & Bank: 81
: 130
Total Assets: 393
Total Debt: 26
Net Working Capital: 87
Contingent Liabilities: 125
Book Value per Share: 3.87
Face Value: 2.00
Total Debt: 26
Net Working Capital: 87
Contingent Liabilities: 125
Book Value per Share: 3.87
Face Value: 2.00

Mar 2019

Equity Capital: 98
: 90
: 51
Trade Payables: 57
: 123
Total Liabilities: 419
: 87
Capital Work in Progress: 59
: 12
: 53
: 0
Cash & Bank: 81
: 125
Total Assets: 419
Total Debt: 51
Net Working Capital: 65
Contingent Liabilities: 121
Book Value per Share: 3.85
Face Value: 2.00
Total Debt: 51
Net Working Capital: 65
Contingent Liabilities: 121
Book Value per Share: 3.85
Face Value: 2.00

Mar 2020

Equity Capital: 98
: 75
: 81
Trade Payables: 51
: 123
Total Liabilities: 427
: 94
Capital Work in Progress: 77
: 27
: 48
: 0
Cash & Bank: 64
: 117
Total Assets: 427
Total Debt: 81
Net Working Capital: -1
Contingent Liabilities: 82
Book Value per Share: 3.52
Face Value: 2.00
Total Debt: 81
Net Working Capital: -1
Contingent Liabilities: 82
Book Value per Share: 3.52
Face Value: 2.00

Mar 2021

Equity Capital: 98
: 96
: 70
Trade Payables: 60
: 123
Total Liabilities: 447
: 103
Capital Work in Progress: 75
: 12
: 46
: 0
Cash & Bank: 68
: 144
Total Assets: 447
Total Debt: 70
Net Working Capital: 25
Contingent Liabilities: 81
Book Value per Share: 3.97
Face Value: 2.00
Total Debt: 70
Net Working Capital: 25
Contingent Liabilities: 81
Book Value per Share: 3.97
Face Value: 2.00

Mar 2022

Equity Capital: 98
: 89
: 60
Trade Payables: 59
: 144
Total Liabilities: 451
: 112
Capital Work in Progress: 82
: 10
: 50
: 0
Cash & Bank: 32
: 166
Total Assets: 451
Total Debt: 67
Net Working Capital: 15
Contingent Liabilities: 79
Book Value per Share: 3.83
Face Value: 2.00
Total Debt: 67
Net Working Capital: 15
Contingent Liabilities: 79
Book Value per Share: 3.83
Face Value: 2.00

Mar 2023

Equity Capital: 98
: 89
: 94
Trade Payables: 104
: 159
Total Liabilities: 543
: 142
Capital Work in Progress: 94
: 3
: 53
: 0
Cash & Bank: 50
: 202
Total Assets: 543
Total Debt: 100
Net Working Capital: -4
Contingent Liabilities: 88
Book Value per Share: 3.82
Face Value: 2.00
Total Debt: 100
Net Working Capital: -4
Contingent Liabilities: 88
Book Value per Share: 3.82
Face Value: 2.00

Mar 2024

Equity Capital: 98
: 26
: 110
Trade Payables: 77
: 184
Total Liabilities: 496
: 162
Capital Work in Progress: 88
: 3
: 34
: 100
Cash & Bank: 39
: 69
Total Assets: 496
Total Debt: 114
Net Working Capital: -92
Contingent Liabilities: 77
Book Value per Share: 2.54
Face Value: 2.00
Total Debt: 114
Net Working Capital: -92
Contingent Liabilities: 77
Book Value per Share: 2.54
Face Value: 2.00

Mar 2025

Equity Capital: 98
: 3
: 104
Trade Payables: 105
: 204
Total Liabilities: 515
: 192
Capital Work in Progress: 61
: 6
: 40
: 124
Cash & Bank: 38
: 53
Total Assets: 515
Total Debt: 105
Net Working Capital: -120
Contingent Liabilities: 79
Book Value per Share: 2.07
Face Value: 2.00
Total Debt: 105
Net Working Capital: -120
Contingent Liabilities: 79
Book Value per Share: 2.07
Face Value: 2.00

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
	11	6	20	-15	-26	-14	-59	43	-4	-23
Cash from Investing	9	12	-7	-1	-20	23	20	-17	9	44
Cash from Financing	-23	-18	-13	17	29	-5	4	-8	-15	-22
	-3	-0	-0	1	-17	4	-36	18	-11	-1
Free Cash Flow	5	6	-9	-50	-57	-16	-82	-15	-21	-32
OCF / Net Profit	1.30	0.17	1.19	-1.78	1.25	-0.67	62.51	36.48	0.06	0.90
Cumulative 5-Year FCF	0	0	0	0	-105	-126	-214	-220	-190	-165
OCF / Net Profit	1.30	0.17	1.19	-1.78	1.25	-0.67	62.51	36.48	0.06	0.90
Cumulative 5-Year FCF	0	0	0	0	-105	-126	-214	-220	-190	-165

Mar 2016

: 11
Cash from Investing: 9
Cash from Financing: -23
: -3
Free Cash Flow: 5
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 0

Mar 2017

: 6
Cash from Investing: 12
Cash from Financing: -18
: -0
Free Cash Flow: 6
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.17
Cumulative 5-Year FCF: 0

Mar 2018

: 20
Cash from Investing: -7
Cash from Financing: -13
: -0
Free Cash Flow: -9
OCF / Net Profit: 1.19
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.19
Cumulative 5-Year FCF: 0

Mar 2019

: -15
Cash from Investing: -1
Cash from Financing: 17
: 1
Free Cash Flow: -50
OCF / Net Profit: -1.78
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.78
Cumulative 5-Year FCF: 0

Mar 2020

: -26
Cash from Investing: -20
Cash from Financing: 29
: -17
Free Cash Flow: -57
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: -105
OCF / Net Profit: 1.25
Cumulative 5-Year FCF: -105

Mar 2021

: -14
Cash from Investing: 23
Cash from Financing: -5
: 4
Free Cash Flow: -16
OCF / Net Profit: -0.67
Cumulative 5-Year FCF: -126
OCF / Net Profit: -0.67
Cumulative 5-Year FCF: -126

Mar 2022

: -59
Cash from Investing: 20
Cash from Financing: 4
: -36
Free Cash Flow: -82
OCF / Net Profit: 62.51
Cumulative 5-Year FCF: -214
OCF / Net Profit: 62.51
Cumulative 5-Year FCF: -214

Mar 2023

: 43
Cash from Investing: -17
Cash from Financing: -8
: 18
Free Cash Flow: -15
OCF / Net Profit: 36.48
Cumulative 5-Year FCF: -220
OCF / Net Profit: 36.48
Cumulative 5-Year FCF: -220

Mar 2024

: -4
Cash from Investing: 9
Cash from Financing: -15
: -11
Free Cash Flow: -21
OCF / Net Profit: 0.06
Cumulative 5-Year FCF: -190
OCF / Net Profit: 0.06
Cumulative 5-Year FCF: -190

Mar 2025

: -23
Cash from Investing: 44
Cash from Financing: -22
: -1
Free Cash Flow: -32
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: -165
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: -165

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	0.25	0.67	0.35	0.18	-0.42	0.43	-0.02	0.02	-1.30	-0.52
Book Value (₹)	2.84	3.59	3.87	3.85	3.52	3.97	3.83	3.82	2.54	2.07
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 (₹)	0.45	0.81	0.48	0.32	-0.29	0.57	0.11	0.16	-1.16	-0.39
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	6.62%	12.64%	9.98%	7.57%	-2.08%	8.83%	11.66%	6.82%	-28.80%	-19.41%
Net Margin %	2.17%	7.64%	4.73%	2.80%	-6.86%	6.31%	-0.23%	0.31%	-20.53%	-7.77%
ROE %	5.87%	24.10%	9.39%	4.62%	-11.39%	11.57%	-0.50%	0.63%	-40.93%	-22.65%
ROCE %	7.25%	22.57%	13.88%	7.34%	-5.20%	8.90%	7.41%	7.05%	-21.93%	-2.92%
	1.67%	7.18%	4.26%	2.14%	-4.85%	4.85%	-0.21%	0.24%	-12.25%	-5.06%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	94	87	91	82	72	62	63	97	128	125
Inventory Days	41	40	49	61	62	51	42	50	52	41
Payable Days	288	195	249	232	224	223	232	239	289	302
	-153	-69	-109	-88	-90	-110	-127	-92	-109	-136
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.88x	0.20x	0.14x	0.27x	0.47x	0.36x	0.36x	0.54x	0.92x	1.04x
Interest Coverage (x)	1.97x	5.47x	4.96x	2.71x	-1.51x	2.77x	2.38x	1.89x	-3.67x	-0.30x
	1.27x	1.54x	1.54x	1.36x	1.00x	1.12x	1.08x	0.99x	0.70x	0.67x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	3.28%	15.95%	-15.28%	-13.93%	-3.86%	10.49%	25.38%	-9.74%	-17.16%	0.60%
Operating Profit Growth %	-17.43%	111.45%	-33.08%	-34.76%	-126.45%	576.98%	62.72%	-47.25%	-298.37%	100.13%
Net Profit Growth %	-35.55%	290.29%	-47.50%	-49.16%	-335.81%	203.30%	-104.48%	223.78%	-5514.95%	59.86%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5520.42%	59.86%
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	13.69x	12.43x
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	-35.12x	0.00x

Mar 2016

EPS (₹): 0.25
Book Value (₹): 2.84
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.45
Operating Margin %: 6.62%
Net Margin %: 2.17%
ROE %: 5.87%
ROCE %: 7.25%
: 1.67%
Debtor Days: 94
Inventory Days: 41
Payable Days: 288
: -153
Debt to Equity (x): 0.88x
Interest Coverage (x): 1.97x
: 1.27x
Revenue Growth %: 3.28%
Operating Profit Growth %: -17.43%
Net Profit Growth %: -35.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 0.67
Book Value (₹): 3.59
Dividend per Share (₹): 0.10
Cash EPS (₹): 0.81
Operating Margin %: 12.64%
Net Margin %: 7.64%
ROE %: 24.10%
ROCE %: 22.57%
: 7.18%
Debtor Days: 87
Inventory Days: 40
Payable Days: 195
: -69
Debt to Equity (x): 0.20x
Interest Coverage (x): 5.47x
: 1.54x
Revenue Growth %: 15.95%
Operating Profit Growth %: 111.45%
Net Profit Growth %: 290.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 0.35
Book Value (₹): 3.87
Dividend per Share (₹): 0.04
Cash EPS (₹): 0.48
Operating Margin %: 9.98%
Net Margin %: 4.73%
ROE %: 9.39%
ROCE %: 13.88%
: 4.26%
Debtor Days: 91
Inventory Days: 49
Payable Days: 249
: -109
Debt to Equity (x): 0.14x
Interest Coverage (x): 4.96x
: 1.54x
Revenue Growth %: -15.28%
Operating Profit Growth %: -33.08%
Net Profit Growth %: -47.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 0.18
Book Value (₹): 3.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.32
Operating Margin %: 7.57%
Net Margin %: 2.80%
ROE %: 4.62%
ROCE %: 7.34%
: 2.14%
Debtor Days: 82
Inventory Days: 61
Payable Days: 232
: -88
Debt to Equity (x): 0.27x
Interest Coverage (x): 2.71x
: 1.36x
Revenue Growth %: -13.93%
Operating Profit Growth %: -34.76%
Net Profit Growth %: -49.16%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -0.42
Book Value (₹): 3.52
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.29
Operating Margin %: -2.08%
Net Margin %: -6.86%
ROE %: -11.39%
ROCE %: -5.20%
: -4.85%
Debtor Days: 72
Inventory Days: 62
Payable Days: 224
: -90
Debt to Equity (x): 0.47x
Interest Coverage (x): -1.51x
: 1.00x
Revenue Growth %: -3.86%
Operating Profit Growth %: -126.45%
Net Profit Growth %: -335.81%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.43
Book Value (₹): 3.97
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.57
Operating Margin %: 8.83%
Net Margin %: 6.31%
ROE %: 11.57%
ROCE %: 8.90%
: 4.85%
Debtor Days: 62
Inventory Days: 51
Payable Days: 223
: -110
Debt to Equity (x): 0.36x
Interest Coverage (x): 2.77x
: 1.12x
Revenue Growth %: 10.49%
Operating Profit Growth %: 576.98%
Net Profit Growth %: 203.30%
: 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 (₹): 3.83
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.11
Operating Margin %: 11.66%
Net Margin %: -0.23%
ROE %: -0.50%
ROCE %: 7.41%
: -0.21%
Debtor Days: 63
Inventory Days: 42
Payable Days: 232
: -127
Debt to Equity (x): 0.36x
Interest Coverage (x): 2.38x
: 1.08x
Revenue Growth %: 25.38%
Operating Profit Growth %: 62.72%
Net Profit Growth %: -104.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 0.02
Book Value (₹): 3.82
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.16
Operating Margin %: 6.82%
Net Margin %: 0.31%
ROE %: 0.63%
ROCE %: 7.05%
: 0.24%
Debtor Days: 97
Inventory Days: 50
Payable Days: 239
: -92
Debt to Equity (x): 0.54x
Interest Coverage (x): 1.89x
: 0.99x
Revenue Growth %: -9.74%
Operating Profit Growth %: -47.25%
Net Profit Growth %: 223.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -1.30
Book Value (₹): 2.54
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.16
Operating Margin %: -28.80%
Net Margin %: -20.53%
ROE %: -40.93%
ROCE %: -21.93%
: -12.25%
Debtor Days: 128
Inventory Days: 52
Payable Days: 289
: -109
Debt to Equity (x): 0.92x
Interest Coverage (x): -3.67x
: 0.70x
Revenue Growth %: -17.16%
Operating Profit Growth %: -298.37%
Net Profit Growth %: -5514.95%
: -5520.42%
P/E (x): 0.00x
P/B (x): 13.69x
Dividend Yield %: 0.00%
: -35.12x

Mar 2025

EPS (₹): -0.52
Book Value (₹): 2.07
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.39
Operating Margin %: -19.41%
Net Margin %: -7.77%
ROE %: -22.65%
ROCE %: -2.92%
: -5.06%
Debtor Days: 125
Inventory Days: 41
Payable Days: 302
: -136
Debt to Equity (x): 1.04x
Interest Coverage (x): -0.30x
: 0.67x
Revenue Growth %: 0.60%
Operating Profit Growth %: 100.13%
Net Profit Growth %: 59.86%
: 59.86%
P/E (x): 0.00x
P/B (x): 12.43x
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

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