Balurghat Technologies Ltd.
•₹ —-%
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PROS
- Working capital cycle has improved - days down from 58 to 40
- Company converts assets efficiently - asset turnover of 2.6x
CONS
- Company has a high debt-to-equity of 1.55x
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (51.6% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.48x)
- Interest coverage is weak at 1.3x - earnings barely cover interest
- Company has a low return on capital employed of 11.8%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | CONCOR | 514.00 | 31.52 | 39147.16 | 1.67 | 268.90 | 0.61 | 2159.76 | 0.28 | 14.79 | 20.41 |
| 2. | DELHIVERY | 448.00 | 358.82 | 33562.68 | 0.00 | 31.91 | -64.96 | 2930.73 | 27.76 | 3.02 | 4.75 |
| 3. | SHADOWFAX | 265.20 | 139.25 | 15555.60 | 0.00 | 654.00 | 6732.86 | 13581.20 | 1806.32 | 4.90 | 6.76 |
| 4. | BLACKBUCK | 613.80 | 66.23 | 11180.37 | 0.00 | 42.17 | 25.14 | 204.17 | 42.17 | -31.80 | 24.35 |
| 5. | TCI | 914.10 | 15.38 | 7023.13 | 1.09 | 106.60 | -0.56 | 1248.50 | 9.58 | 20.52 | 12.30 |
| 6. | TVSSCS | 120.95 | 82.41 | 5336.60 | 0.00 | 22.48 | -96.84 | 3335.22 | 28.66 | 11.51 | 6.75 |
| 7. | VRLLOG | 231.45 | 0.00 | 4048.92 | 0.00 | 805.30 | 1509.31 | 8788.40 | 1080.70 | 26.47 | 21.23 |
| 8. | MAHLOG | 406.00 | 104.69 | 4028.43 | 0.62 | 27.83 | 394.81 | 2002.88 | 23.29 | 10.40 | 5.76 |
| 9. | SINDHUTRAD | 24.29 | 48.39 | 3745.35 | 0.00 | 38.74 | -79.39 | 129.21 | -21.85 | 12.80 | 45.34 |
| 10. | GATEWAY | 54.17 | 11.08 | 2706.57 | 6.00 | 512.68 | 724.44 | 5492.97 | 897.94 | 17.99 | 21.31 |
| 11. | TCIEXP | 547.00 | 25.50 | 2102.90 | 1.28 | 20.49 | 5.24 | 313.40 | 9.29 | 13.92 | 10.03 |
| 12. | BALURTRANS | 12.22 | 0.00 | 22.24 | 0.00 | 0.31 | 146.57 | 30.07 | 7.71 | 7.40 | 3.33 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20 | 19 | 20 | 20 | 17 | 21 | 23 | 26 | 28 | 33 | 28 | 32 | 30 | |
| 19 | 19 | 19 | 19 | 16 | 20 | 22 | 25 | 28 | 32 | 30 | 26 | 30 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | -1 | -0 | -3 | 5 | 0 | |
| Tax % | 25.84% | 30.61% | 28.33% | 30.85% | 26.79% | 28.72% | 28.81% | 31.82% | -0.00% | -0.00% | -0.00% | 4.36% | 26.00% |
| Net Profit | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | -1 | -0 | -3 | 5 | 0 |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | -0 | -0 | -2 | 3 | 0 | |
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| 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 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| 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
- 20
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 25.84%
- Net Profit
- 1
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 19
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 30.61%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 20
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 28.33%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 20
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- -0
- 1
- Tax %
- 30.85%
- Net Profit
- 1
- 1
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 17
- 16
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 26.79%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 21
- 20
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 28.72%
- Net Profit
- 1
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 23
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 28.81%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 26
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 31.82%
- Net Profit
- 1
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 28
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- -0.00%
- Net Profit
- -1
- -0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 33
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 28
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -3
- Tax %
- -0.00%
- Net Profit
- -3
- -2
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 32
- 26
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 5
- Tax %
- 4.36%
- Net Profit
- 5
- 3
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 30
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 26.00%
- Net Profit
- 0
- 0
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 48 | 54 | 98 | 92 | 62 | 64 | 79 | 87 | 120 | 122 | |
| 37 | 46 | 53 | 95 | 91 | 60 | 61 | 75 | 83 | 117 | 119 | |
| Operating Profit | 1 | 2 | 2 | 4 | 1 | 3 | 3 | 4 | 4 | 3 | — |
| OPM % | 3 | 4 | 4 | 4 | 2 | 5 | 5 | 5 | 5 | 3 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 1 | 3 | -1 | 1 | 2 | 3 | 3 | 1 | 2 | |
| Tax % | 29 | 23 | 29 | 23 | -5 | 28 | 31 | 29 | 29 | 28 | 17 |
| Net Profit | 1 | 1 | 1 | 2 | -1 | 1 | 1 | 2 | 2 | 1 | 2 |
| EPS | 0 | 0 | 0 | 1 | -0 | 1 | 1 | 1 | 1 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 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 | 0 | 0 | 1 | -1 | 1 | 1 | 1 | 1 | 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 | 0 | 0 | 1 | -1 | 1 | 1 | 1 | 1 | 0 | — |
Mar 2017
- 38
- 37
- Operating Profit
- 1
- OPM %
- 3
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 29
- 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 2018
- 48
- 46
- Operating Profit
- 2
- OPM %
- 4
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 23
- 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 2019
- 54
- 53
- Operating Profit
- 2
- OPM %
- 4
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 29
- 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 2020
- 98
- 95
- Operating Profit
- 4
- OPM %
- 4
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 23
- Net Profit
- 2
- 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 2021
- 92
- 91
- Operating Profit
- 1
- OPM %
- 2
- Other Income
- 0
- Interest
- 2
- Depreciation
- 0
- -1
- Tax %
- -5
- 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 2022
- 62
- 60
- Operating Profit
- 3
- OPM %
- 5
- Other Income
- 2
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 28
- Net Profit
- 1
- 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 2023
- 64
- 61
- Operating Profit
- 3
- OPM %
- 5
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 31
- Net Profit
- 1
- 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 2024
- 79
- 75
- Operating Profit
- 4
- OPM %
- 5
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 29
- Net Profit
- 2
- 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
- 87
- 83
- Operating Profit
- 4
- OPM %
- 5
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 29
- Net Profit
- 2
- 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 2026
- 120
- 117
- Operating Profit
- 3
- OPM %
- 3
- Other Income
- 0
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 28
- 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
TTM
- 122
- 119
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 0
- 2
- Tax %
- 17
- Net Profit
- 2
- 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:
- 12%
- 5 Years:
- 5%
- 3 Years:
- 23%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 0%
- 5 Years:
- —
- 3 Years:
- -23%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 9%
- 3 Years:
- 10%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| -9 | -9 | -8 | -6 | 1 | 1 | 1 | -2 | -0 | 1 | |
| 1 | 2 | 3 | 1 | 9 | 7 | 8 | 8 | 18 | 24 | |
| Trade Payables | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 |
| 4 | 5 | 5 | 11 | 10 | 9 | 6 | 4 | 5 | 5 | |
| Total Liabilities | 13 | 16 | 20 | 25 | 39 | 35 | 34 | 30 | 42 | 49 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 6 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 28 | 31 | |
| Cash & Bank | 3 | 3 | 2 | -3 | 4 | 5 | 6 | 5 | 5 | 6 |
| 6 | 8 | 13 | 24 | 31 | 27 | 24 | 2 | 4 | 5 | |
| Total Assets | 13 | 16 | 20 | 25 | 39 | 35 | 34 | 30 | 42 | 49 |
| Total Debt | 3 | 4 | 7 | 9 | 17 | 14 | 11 | 10 | 20 | 27 |
| Net Working Capital | 6 | 7 | 8 | 16 | 22 | 22 | 18 | 13 | 14 | 13 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 4.17 | 4.60 | 5.06 | 6.18 | 10.00 | 9.94 | 9.94 | 8.43 | 9.64 | 9.95 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 3 | 4 | 7 | 9 | 17 | 14 | 11 | 10 | 20 | 27 |
| Net Working Capital | 6 | 7 | 8 | 16 | 22 | 22 | 18 | 13 | 14 | 13 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 4.17 | 4.60 | 5.06 | 6.18 | 10.00 | 9.94 | 9.94 | 8.43 | 9.64 | 9.95 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 17
- -9
- 1
- Trade Payables
- 1
- 4
- Total Liabilities
- 13
- 4
- 0
- 0
- Cash & Bank
- 3
- 6
- Total Assets
- 13
- Total Debt
- 3
- Net Working Capital
- 6
- Contingent Liabilities
- 0
- Book Value per Share
- 4.17
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 6
- Contingent Liabilities
- 0
- Book Value per Share
- 4.17
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 17
- -9
- 2
- Trade Payables
- 1
- 5
- Total Liabilities
- 16
- 4
- 0
- 0
- Cash & Bank
- 3
- 8
- Total Assets
- 16
- Total Debt
- 4
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 4.60
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 4.60
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 17
- -8
- 3
- Trade Payables
- 2
- 5
- Total Liabilities
- 20
- 4
- 0
- 0
- Cash & Bank
- 2
- 13
- Total Assets
- 20
- Total Debt
- 7
- Net Working Capital
- 8
- Contingent Liabilities
- 0
- Book Value per Share
- 5.06
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 8
- Contingent Liabilities
- 0
- Book Value per Share
- 5.06
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 17
- -6
- 1
- Trade Payables
- 2
- 11
- Total Liabilities
- 25
- 4
- 0
- 0
- Cash & Bank
- -3
- 24
- Total Assets
- 25
- Total Debt
- 9
- Net Working Capital
- 16
- Contingent Liabilities
- 0
- Book Value per Share
- 6.18
- Face Value
- 10.00
- Total Debt
- 9
- Net Working Capital
- 16
- Contingent Liabilities
- 0
- Book Value per Share
- 6.18
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 17
- 1
- 9
- Trade Payables
- 1
- 10
- Total Liabilities
- 39
- 4
- 0
- 0
- Cash & Bank
- 4
- 31
- Total Assets
- 39
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 10.00
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 10.00
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 17
- 1
- 7
- Trade Payables
- 1
- 9
- Total Liabilities
- 35
- 3
- 0
- 0
- Cash & Bank
- 5
- 27
- Total Assets
- 35
- Total Debt
- 14
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
- Total Debt
- 14
- Net Working Capital
- 22
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 17
- 1
- 8
- Trade Payables
- 1
- 6
- Total Liabilities
- 34
- 4
- 1
- 0
- Cash & Bank
- 6
- 24
- Total Assets
- 34
- Total Debt
- 11
- Net Working Capital
- 18
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
- Total Debt
- 11
- Net Working Capital
- 18
- Contingent Liabilities
- 0
- Book Value per Share
- 9.94
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 17
- -2
- 8
- Trade Payables
- 2
- 4
- Total Liabilities
- 30
- 4
- 1
- 18
- Cash & Bank
- 5
- 2
- Total Assets
- 30
- Total Debt
- 10
- Net Working Capital
- 13
- Contingent Liabilities
- 0
- Book Value per Share
- 8.43
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 13
- Contingent Liabilities
- 0
- Book Value per Share
- 8.43
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 17
- -0
- 18
- Trade Payables
- 2
- 5
- Total Liabilities
- 42
- 3
- 2
- 28
- Cash & Bank
- 5
- 4
- Total Assets
- 42
- Total Debt
- 20
- Net Working Capital
- 14
- Contingent Liabilities
- 0
- Book Value per Share
- 9.64
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 14
- Contingent Liabilities
- 0
- Book Value per Share
- 9.64
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 17
- 1
- 24
- Trade Payables
- 1
- 5
- Total Liabilities
- 49
- 6
- 2
- 31
- Cash & Bank
- 6
- 5
- Total Assets
- 49
- Total Debt
- 27
- Net Working Capital
- 13
- Contingent Liabilities
- 0
- Book Value per Share
- 9.95
- Face Value
- 10.00
- Total Debt
- 27
- Net Working Capital
- 13
- Contingent Liabilities
- 0
- Book Value per Share
- 9.95
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -1 | -3 | -9 | -0 | 3 | 4 | 1 | -8 | -4 | |
| Cash from Investing | -1 | -0 | -0 | 1 | 0 | 2 | -1 | -1 | -1 | -1 |
| Cash from Financing | 1 | 2 | 2 | 3 | 7 | -3 | -2 | -1 | 10 | 6 |
| 0 | 0 | -1 | -5 | 7 | 1 | 0 | -1 | 0 | 1 | |
| Free Cash Flow | -1 | -1 | -3 | -9 | -1 | 3 | 3 | 1 | -8 | -7 |
| OCF / Net Profit | 0.53 | -1.34 | -4.06 | -4.58 | 0.50 | 2.59 | 2.90 | 0.55 | -4.01 | -8.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -15 | -12 | -8 | -3 | -3 | -9 |
| OCF / Net Profit | 0.53 | -1.34 | -4.06 | -4.58 | 0.50 | 2.59 | 2.90 | 0.55 | -4.01 | -8.07 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -15 | -12 | -8 | -3 | -3 | -9 |
Mar 2017
- 0
- Cash from Investing
- -1
- Cash from Financing
- 1
- 0
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 0
Mar 2018
- -1
- Cash from Investing
- -0
- Cash from Financing
- 2
- 0
- Free Cash Flow
- -1
- OCF / Net Profit
- -1.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.34
- Cumulative 5-Year FCF
- 0
Mar 2019
- -3
- Cash from Investing
- -0
- Cash from Financing
- 2
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- -4.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.06
- Cumulative 5-Year FCF
- 0
Mar 2020
- -9
- Cash from Investing
- 1
- Cash from Financing
- 3
- -5
- Free Cash Flow
- -9
- OCF / Net Profit
- -4.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.58
- Cumulative 5-Year FCF
- 0
Mar 2021
- -0
- Cash from Investing
- 0
- Cash from Financing
- 7
- 7
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- -15
Mar 2022
- 3
- Cash from Investing
- 2
- Cash from Financing
- -3
- 1
- Free Cash Flow
- 3
- OCF / Net Profit
- 2.59
- Cumulative 5-Year FCF
- -12
- OCF / Net Profit
- 2.59
- Cumulative 5-Year FCF
- -12
Mar 2023
- 4
- Cash from Investing
- -1
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- -8
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- -8
Mar 2024
- 1
- Cash from Investing
- -1
- Cash from Financing
- -1
- -1
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- -3
Mar 2025
- -8
- Cash from Investing
- -1
- Cash from Financing
- 10
- 0
- Free Cash Flow
- -8
- OCF / Net Profit
- -4.01
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- -4.01
- Cumulative 5-Year FCF
- -3
Mar 2026
- -4
- Cash from Investing
- -1
- Cash from Financing
- 6
- 1
- Free Cash Flow
- -7
- OCF / Net Profit
- -8.07
- Cumulative 5-Year FCF
- -9
- OCF / Net Profit
- -8.07
- Cumulative 5-Year FCF
- -9
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.31 | 0.43 | 0.46 | 1.12 | -0.52 | 0.57 | 0.78 | 1.19 | 1.21 | 0.32 |
| Book Value (₹) | 4.17 | 4.60 | 5.06 | 6.18 | 10.00 | 9.94 | 9.94 | 8.43 | 9.64 | 9.95 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.47 | 0.64 | 0.67 | 1.37 | -0.26 | 0.80 | 0.99 | 1.35 | 1.35 | 0.51 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 3.42% | 3.50% | 3.82% | 3.73% | 1.58% | 5.12% | 5.39% | 4.97% | 4.68% | 2.47% |
| Net Margin % | 1.42% | 1.55% | 1.47% | 1.98% | -0.98% | 1.61% | 2.11% | 2.62% | 2.42% | 0.46% |
| ROE % | 7.78% | 9.76% | 9.50% | 19.97% | -6.45% | 5.72% | 7.86% | 13.01% | 13.41% | 3.22% |
| ROCE % | 11.15% | 11.58% | 12.26% | 22.42% | 3.68% | 9.19% | 10.42% | 14.55% | 13.52% | 7.40% |
| 4.27% | 5.08% | 4.46% | 8.75% | -2.85% | 2.69% | 3.96% | 6.50% | 5.80% | 1.20% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 39 | 41 | 60 | 61 | 84 | 115 | 97 | 80 | 97 | 89 |
| Inventory Days | 3 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 28 | 17 | 31 | 33 | 27 | 0 | 0 | 0 | 0 | 0 |
| 14 | 26 | 31 | 29 | 56 | 115 | 97 | 80 | 97 | 89 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.39x | 0.55x | 0.75x | 0.88x | 0.97x | 0.79x | 0.66x | 0.71x | 1.22x | 1.55x |
| Interest Coverage (x) | 3.69x | 3.86x | 2.92x | 2.74x | 0.54x | 1.85x | 2.72x | 3.94x | 3.40x | 1.34x |
| 3.83x | 3.00x | 2.33x | 4.68x | 2.85x | 3.39x | 2.57x | 2.09x | 1.63x | 1.49x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.14% | 25.44% | 13.60% | 80.65% | -6.08% | -33.38% | 4.70% | 23.01% | 9.68% | 38.01% |
| Operating Profit Growth % | 13.21% | 28.39% | 23.86% | 76.45% | -60.29% | 115.98% | 10.20% | 20.49% | 6.65% | -24.85% |
| Net Profit Growth % | -12.80% | 37.01% | 7.14% | 144.61% | -146.53% | 209.25% | 36.93% | 52.90% | 1.38% | -73.98% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.91% | 1.39% | -73.98% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.22x | 14.78x | 29.10x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.58x | 1.86x | 0.92x |
| 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 | 10.36x | 10.42x | 11.05x |
Mar 2017
- EPS (₹)
- 0.31
- Book Value (₹)
- 4.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.47
- Operating Margin %
- 3.42%
- Net Margin %
- 1.42%
- ROE %
- 7.78%
- ROCE %
- 11.15%
- 4.27%
- Debtor Days
- 39
- Inventory Days
- 3
- Payable Days
- 28
- 14
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 3.69x
- 3.83x
- Revenue Growth %
- 0.14%
- Operating Profit Growth %
- 13.21%
- Net Profit Growth %
- -12.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.43
- Book Value (₹)
- 4.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.64
- Operating Margin %
- 3.50%
- Net Margin %
- 1.55%
- ROE %
- 9.76%
- ROCE %
- 11.58%
- 5.08%
- Debtor Days
- 41
- Inventory Days
- 2
- Payable Days
- 17
- 26
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 3.86x
- 3.00x
- Revenue Growth %
- 25.44%
- Operating Profit Growth %
- 28.39%
- Net Profit Growth %
- 37.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.46
- Book Value (₹)
- 5.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.67
- Operating Margin %
- 3.82%
- Net Margin %
- 1.47%
- ROE %
- 9.50%
- ROCE %
- 12.26%
- 4.46%
- Debtor Days
- 60
- Inventory Days
- 2
- Payable Days
- 31
- 31
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 2.92x
- 2.33x
- Revenue Growth %
- 13.60%
- Operating Profit Growth %
- 23.86%
- Net Profit Growth %
- 7.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.12
- Book Value (₹)
- 6.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.37
- Operating Margin %
- 3.73%
- Net Margin %
- 1.98%
- ROE %
- 19.97%
- ROCE %
- 22.42%
- 8.75%
- Debtor Days
- 61
- Inventory Days
- 1
- Payable Days
- 33
- 29
- Debt to Equity (x)
- 0.88x
- Interest Coverage (x)
- 2.74x
- 4.68x
- Revenue Growth %
- 80.65%
- Operating Profit Growth %
- 76.45%
- Net Profit Growth %
- 144.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.52
- Book Value (₹)
- 10.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.26
- Operating Margin %
- 1.58%
- Net Margin %
- -0.98%
- ROE %
- -6.45%
- ROCE %
- 3.68%
- -2.85%
- Debtor Days
- 84
- Inventory Days
- 0
- Payable Days
- 27
- 56
- Debt to Equity (x)
- 0.97x
- Interest Coverage (x)
- 0.54x
- 2.85x
- Revenue Growth %
- -6.08%
- Operating Profit Growth %
- -60.29%
- Net Profit Growth %
- -146.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.57
- Book Value (₹)
- 9.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.80
- Operating Margin %
- 5.12%
- Net Margin %
- 1.61%
- ROE %
- 5.72%
- ROCE %
- 9.19%
- 2.69%
- Debtor Days
- 115
- Inventory Days
- 0
- Payable Days
- 0
- 115
- Debt to Equity (x)
- 0.79x
- Interest Coverage (x)
- 1.85x
- 3.39x
- Revenue Growth %
- -33.38%
- Operating Profit Growth %
- 115.98%
- Net Profit Growth %
- 209.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.78
- Book Value (₹)
- 9.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.99
- Operating Margin %
- 5.39%
- Net Margin %
- 2.11%
- ROE %
- 7.86%
- ROCE %
- 10.42%
- 3.96%
- Debtor Days
- 97
- Inventory Days
- 0
- Payable Days
- 0
- 97
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 2.72x
- 2.57x
- Revenue Growth %
- 4.70%
- Operating Profit Growth %
- 10.20%
- Net Profit Growth %
- 36.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 1.19
- Book Value (₹)
- 8.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.35
- Operating Margin %
- 4.97%
- Net Margin %
- 2.62%
- ROE %
- 13.01%
- ROCE %
- 14.55%
- 6.50%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 0
- 80
- Debt to Equity (x)
- 0.71x
- Interest Coverage (x)
- 3.94x
- 2.09x
- Revenue Growth %
- 23.01%
- Operating Profit Growth %
- 20.49%
- Net Profit Growth %
- 52.90%
- 52.91%
- P/E (x)
- 18.22x
- P/B (x)
- 2.58x
- Dividend Yield %
- 0.00%
- 10.36x
Mar 2025
- EPS (₹)
- 1.21
- Book Value (₹)
- 9.64
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.35
- Operating Margin %
- 4.68%
- Net Margin %
- 2.42%
- ROE %
- 13.41%
- ROCE %
- 13.52%
- 5.80%
- Debtor Days
- 97
- Inventory Days
- 0
- Payable Days
- 0
- 97
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 3.40x
- 1.63x
- Revenue Growth %
- 9.68%
- Operating Profit Growth %
- 6.65%
- Net Profit Growth %
- 1.38%
- 1.39%
- P/E (x)
- 14.78x
- P/B (x)
- 1.86x
- Dividend Yield %
- 0.00%
- 10.42x
Mar 2026
- EPS (₹)
- 0.32
- Book Value (₹)
- 9.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.51
- Operating Margin %
- 2.47%
- Net Margin %
- 0.46%
- ROE %
- 3.22%
- ROCE %
- 7.40%
- 1.20%
- Debtor Days
- 89
- Inventory Days
- 0
- Payable Days
- 0
- 89
- Debt to Equity (x)
- 1.55x
- Interest Coverage (x)
- 1.34x
- 1.49x
- Revenue Growth %
- 38.01%
- Operating Profit Growth %
- -24.85%
- Net Profit Growth %
- -73.98%
- -73.98%
- P/E (x)
- 29.10x
- P/B (x)
- 0.92x
- Dividend Yield %
- 0.00%
- 11.05x
Documents
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Annual Reports
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