Britannia Industries Ltd.
•2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 54.4%
- Company has a healthy return on capital (ROCE) of 52.9%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.12x)
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (30.2x coverage)
CONS
- Stock is trading at 25.6x its book value
- Company has delivered a poor profit growth of 6.5% over past five years
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 7.8% over past five years
- Expensive relative to growth - PEG of 16.2
* 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. | NESTLEIND | 1469.90 | 74.37 | 283442.92 | 0.82 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| 2. | VBL | 432.75 | 43.23 | 146376.17 | 0.35 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| 3. | BRITANNIA | 5410.00 | 50.04 | 130309.75 | 1.67 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| 4. | JUBLFOOD | 495.90 | 75.40 | 32721.72 | 0.24 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| 5. | HATSUN | 931.75 | 59.58 | 20754.57 | 1.72 | 60.58 | — | 2363.72 | 17.61 | 14.60 | 10.81 |
| 6. | DEVYANI | 142.85 | 0.00 | 17612.54 | 0.00 | 17.10 | 667.68 | 1580.52 | 16.47 | 8.98 | 16.09 |
| 7. | ZYDUSWELL | 492.95 | 83.34 | 15683.73 | 0.24 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| 8. | MILKYMIST | 199.55 | 120.95 | 15362.23 | 0.00 | — | — | — | — | 13.79 | — |
| 9. | BIKAJI | 609.25 | 59.09 | 15276.12 | 0.21 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| 10. | LTFOODS | 429.90 | 23.31 | 14928.40 | 0.70 | 1834.46 | 988.67 | 31518.31 | 1179.20 | 21.42 | 11.26 |
| 11. | MANORAMA | 1924.70 | 49.26 | 12149.17 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 19.70 | 26.29 |
| 12. | KRBL | 399.75 | 12.07 | 9149.87 | 1.13 | 260.74 | 73.16 | 1495.86 | -5.59 | 11.92 | 20.56 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,970 | 4,370 | 4,192 | 4,014 | 4,130 | 4,566 | 4,463 | 4,376 | 4,535 | 4,752 | 4,885 | 4,686 | 5,000 | |
| 3,322 | 3,560 | 3,435 | 3,282 | 3,497 | 3,884 | 3,748 | 3,627 | 3,865 | 3,886 | 3,990 | 3,866 | 4,262 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 54 | 52 | 51 | 57 | 56 | 46 | 62 | 63 | 57 | 52 | 59 | 55 | 61 |
| Interest | 53 | 53 | 31 | 26 | 29 | 35 | 45 | 31 | 26 | 35 | 33 | 19 | 23 |
| Depreciation | 71 | 72 | 78 | 80 | 74 | 76 | 82 | 81 | 82 | 85 | 85 | 85 | 80 |
| 619 | 800 | 760 | 738 | 682 | 719 | 780 | 757 | 706 | 887 | 922 | 804 | 797 | |
| Tax % | 26.90% | 26.53% | 26.67% | 26.82% | 25.85% | 25.55% | 25.13% | 25.48% | 25.63% | 25.77% | 25.70% | 13.11% | 25.58% |
| Net Profit | 0 | 0 | 0 | 0 | 505 | 532 | 582 | 559 | 520 | 655 | 682 | 680 | 593 |
| 19 | 24 | 23 | 22 | 21 | 22 | 24 | 23 | 22 | 27 | 28 | 28 | 2 | |
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| 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 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| 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% |
- 3,970
- 3,322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 53
- Depreciation
- 71
- 619
- Tax %
- 26.90%
- Net Profit
- 0
- 19
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,370
- 3,560
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 53
- Depreciation
- 72
- 800
- Tax %
- 26.53%
- Net Profit
- 0
- 24
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,192
- 3,435
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 31
- Depreciation
- 78
- 760
- Tax %
- 26.67%
- Net Profit
- 0
- 23
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,014
- 3,282
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 26
- Depreciation
- 80
- 738
- Tax %
- 26.82%
- Net Profit
- 0
- 22
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,130
- 3,497
- Operating Profit
- —
- OPM %
- —
- Other Income
- 56
- Interest
- 29
- Depreciation
- 74
- 682
- Tax %
- 25.85%
- Net Profit
- 505
- 21
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,566
- 3,884
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 35
- Depreciation
- 76
- 719
- Tax %
- 25.55%
- Net Profit
- 532
- 22
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,463
- 3,748
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 45
- Depreciation
- 82
- 780
- Tax %
- 25.13%
- Net Profit
- 582
- 24
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,376
- 3,627
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 31
- Depreciation
- 81
- 757
- Tax %
- 25.48%
- Net Profit
- 559
- 23
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,535
- 3,865
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 26
- Depreciation
- 82
- 706
- Tax %
- 25.63%
- Net Profit
- 520
- 22
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,752
- 3,886
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 35
- Depreciation
- 85
- 887
- Tax %
- 25.77%
- Net Profit
- 655
- 27
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,885
- 3,990
- Operating Profit
- —
- OPM %
- —
- Other Income
- 59
- Interest
- 33
- Depreciation
- 85
- 922
- Tax %
- 25.70%
- Net Profit
- 682
- 28
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,686
- 3,866
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 19
- Depreciation
- 85
- 804
- Tax %
- 13.11%
- Net Profit
- 680
- 28
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,000
- 4,262
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 23
- Depreciation
- 80
- 797
- Tax %
- 25.58%
- Net Profit
- 593
- 2
- Equity Capital
- 24
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 24
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,054 | 9,914 | 11,055 | 11,600 | 13,136 | 14,136 | 16,301 | 16,769 | 17,943 | 19,152 | 19,323 | |
| 7,776 | 8,412 | 9,321 | 9,756 | 10,627 | 11,935 | 13,512 | 13,599 | 14,756 | 15,607 | 16,004 | |
| Operating Profit | 1,429 | 1,668 | 1,940 | 2,123 | 2,822 | 2,424 | 3,047 | 3,384 | 3,414 | 3,768 | — |
| OPM % | 16 | 17 | 18 | 18 | 21 | 17 | 19 | 20 | 19 | 20 | — |
| Other Income | 151 | 166 | 206 | 279 | 313 | 223 | 258 | 214 | 227 | 224 | 228 |
| Interest | 5 | 8 | 9 | 77 | 111 | 144 | 169 | 164 | 139 | 113 | 109 |
| Depreciation | 119 | 142 | 162 | 185 | 198 | 201 | 226 | 300 | 313 | 337 | 334 |
| 1,304 | 1,518 | 1,768 | 1,844 | 2,514 | 2,078 | 3,033 | 2,913 | 2,927 | 3,289 | 3,410 | |
| Tax % | 32 | 34 | 35 | 24 | 26 | 27 | 24 | 27 | 26 | 23 | 23 |
| Net Profit | 885 | 1,004 | 1,155 | 1,394 | 1,851 | 1,516 | 2,316 | 2,134 | 2,178 | 2,537 | 2,636 |
| EPS | 74 | 42 | 48 | 58 | 77 | 63 | 96 | 89 | 90 | 105 | — |
| Dividend Payout % | 30 | 30 | 31 | 60 | 204 | 89 | 75 | 83 | 83 | 86 | — |
| Minority Interest | -0 | 0 | 4 | 9 | 13 | 9 | 5 | 6 | 1 | -4 | 2 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27 |
| Adjusted EPS | 37 | 42 | 48 | 58 | 77 | 63 | 96 | 89 | 90 | 105 | — |
| Minority Interest | -0 | 0 | 4 | 9 | 13 | 9 | 5 | 6 | 1 | -4 | 2 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27 |
| Adjusted EPS | 37 | 42 | 48 | 58 | 77 | 63 | 96 | 89 | 90 | 105 | — |
- 9,054
- 7,776
- Operating Profit
- 1,429
- OPM %
- 16
- Other Income
- 151
- Interest
- 5
- Depreciation
- 119
- 1,304
- Tax %
- 32
- Net Profit
- 885
- EPS
- 74
- Dividend Payout %
- 30
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 37
- 9,914
- 8,412
- Operating Profit
- 1,668
- OPM %
- 17
- Other Income
- 166
- Interest
- 8
- Depreciation
- 142
- 1,518
- Tax %
- 34
- Net Profit
- 1,004
- EPS
- 42
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- 11,055
- 9,321
- Operating Profit
- 1,940
- OPM %
- 18
- Other Income
- 206
- Interest
- 9
- Depreciation
- 162
- 1,768
- Tax %
- 35
- Net Profit
- 1,155
- EPS
- 48
- Dividend Payout %
- 31
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 48
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 48
- 11,600
- 9,756
- Operating Profit
- 2,123
- OPM %
- 18
- Other Income
- 279
- Interest
- 77
- Depreciation
- 185
- 1,844
- Tax %
- 24
- Net Profit
- 1,394
- EPS
- 58
- Dividend Payout %
- 60
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 58
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 58
- 13,136
- 10,627
- Operating Profit
- 2,822
- OPM %
- 21
- Other Income
- 313
- Interest
- 111
- Depreciation
- 198
- 2,514
- Tax %
- 26
- Net Profit
- 1,851
- EPS
- 77
- Dividend Payout %
- 204
- Minority Interest
- 13
- Share of Associates
- 0
- Adjusted EPS
- 77
- Minority Interest
- 13
- Share of Associates
- 0
- Adjusted EPS
- 77
- 14,136
- 11,935
- Operating Profit
- 2,424
- OPM %
- 17
- Other Income
- 223
- Interest
- 144
- Depreciation
- 201
- 2,078
- Tax %
- 27
- Net Profit
- 1,516
- EPS
- 63
- Dividend Payout %
- 89
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 63
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 63
- 16,301
- 13,512
- Operating Profit
- 3,047
- OPM %
- 19
- Other Income
- 258
- Interest
- 169
- Depreciation
- 226
- 3,033
- Tax %
- 24
- Net Profit
- 2,316
- EPS
- 96
- Dividend Payout %
- 75
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 96
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 96
- 16,769
- 13,599
- Operating Profit
- 3,384
- OPM %
- 20
- Other Income
- 214
- Interest
- 164
- Depreciation
- 300
- 2,913
- Tax %
- 27
- Net Profit
- 2,134
- EPS
- 89
- Dividend Payout %
- 83
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- 89
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- 89
- 17,943
- 14,756
- Operating Profit
- 3,414
- OPM %
- 19
- Other Income
- 227
- Interest
- 139
- Depreciation
- 313
- 2,927
- Tax %
- 26
- Net Profit
- 2,178
- EPS
- 90
- Dividend Payout %
- 83
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 90
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 90
- 19,152
- 15,607
- Operating Profit
- 3,768
- OPM %
- 20
- Other Income
- 224
- Interest
- 113
- Depreciation
- 337
- 3,289
- Tax %
- 23
- Net Profit
- 2,537
- EPS
- 105
- Dividend Payout %
- 86
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 105
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 105
- 19,323
- 16,004
- Operating Profit
- —
- OPM %
- —
- Other Income
- 228
- Interest
- 109
- Depreciation
- 334
- 3,410
- Tax %
- 23
- Net Profit
- 2,636
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 2
- Share of Associates
- -27
- Adjusted EPS
- —
- Minority Interest
- 2
- Share of Associates
- -27
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 8%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 6%
- 3 Years:
- 3%
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 7%
- 3 Years:
- 7%
- 1 Year:
- -3%
RETURN ON EQUITY
- 10 Years:
- 47%
- 5 Years:
- 58%
- 3 Years:
- 54%
- Last Year:
- 54%
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 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| 2,666 | 3,371 | 4,209 | 4,344 | 3,495 | 2,534 | 3,510 | 3,917 | 4,332 | 5,082 | |
| 84 | 94 | 76 | 748 | 1,339 | 1,020 | 1,316 | 988 | 320 | 645 | |
| Trade Payables | 757 | 994 | 1,141 | 1,047 | 1,313 | 1,323 | 1,449 | 1,627 | 1,752 | 1,896 |
| 554 | 683 | 778 | 1,659 | 1,827 | 2,575 | 2,996 | 2,473 | 2,374 | 2,041 | |
| Total Liabilities | 4,086 | 5,165 | 6,228 | 7,823 | 7,999 | 7,476 | 9,295 | 9,030 | 8,802 | 9,689 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,145 | 1,331 | 1,674 | 1,864 | 1,779 | 1,739 | 2,615 | 2,744 | 2,875 | 2,822 | |
| Capital Work in Progress | 30 | 203 | 101 | 40 | 117 | 536 | 105 | 188 | 89 | 39 |
| 487 | 1,079 | 1,476 | 2,893 | 2,781 | 1,762 | 3,324 | 2,767 | 2,865 | 3,610 | |
| 661 | 653 | 781 | 741 | 1,091 | 1,367 | 1,193 | 1,181 | 1,237 | 1,346 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 393 | 449 | 469 | |
| Cash & Bank | 121 | 186 | 110 | 123 | 211 | 185 | 198 | 446 | 312 | 352 |
| 1,642 | 1,713 | 2,086 | 2,162 | 2,020 | 1,886 | 1,860 | 1,311 | 975 | 1,051 | |
| Total Assets | 4,086 | 5,165 | 6,228 | 7,823 | 7,999 | 7,476 | 9,295 | 9,030 | 8,802 | 9,689 |
| Total Debt | 125 | 201 | 156 | 1,538 | 2,104 | 2,466 | 2,981 | 2,041 | 1,225 | 1,358 |
| Net Working Capital | 994 | 1,503 | 1,675 | 1,097 | 811 | -165 | 579 | 758 | 295 | 498 |
| Contingent Liabilities | 136 | 102 | 149 | 142 | 179 | 154 | 161 | 205 | 79 | 128 |
| Book Value per Share | 224.21 | 282.78 | 176.17 | 181.64 | 146.10 | 106.19 | 146.71 | 163.62 | 180.81 | 211.98 |
| Face Value | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 125 | 201 | 156 | 1,538 | 2,104 | 2,466 | 2,981 | 2,041 | 1,225 | 1,358 |
| Net Working Capital | 994 | 1,503 | 1,675 | 1,097 | 811 | -165 | 579 | 758 | 295 | 498 |
| Contingent Liabilities | 136 | 102 | 149 | 142 | 179 | 154 | 161 | 205 | 79 | 128 |
| Book Value per Share | 224.21 | 282.78 | 176.17 | 181.64 | 146.10 | 106.19 | 146.71 | 163.62 | 180.81 | 211.98 |
| Face Value | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 24
- 2,666
- 84
- Trade Payables
- 757
- 554
- Total Liabilities
- 4,086
- 1,145
- Capital Work in Progress
- 30
- 487
- 661
- 0
- Cash & Bank
- 121
- 1,642
- Total Assets
- 4,086
- Total Debt
- 125
- Net Working Capital
- 994
- Contingent Liabilities
- 136
- Book Value per Share
- 224.21
- Face Value
- 2.00
- Total Debt
- 125
- Net Working Capital
- 994
- Contingent Liabilities
- 136
- Book Value per Share
- 224.21
- Face Value
- 2.00
- Equity Capital
- 24
- 3,371
- 94
- Trade Payables
- 994
- 683
- Total Liabilities
- 5,165
- 1,331
- Capital Work in Progress
- 203
- 1,079
- 653
- 0
- Cash & Bank
- 186
- 1,713
- Total Assets
- 5,165
- Total Debt
- 201
- Net Working Capital
- 1,503
- Contingent Liabilities
- 102
- Book Value per Share
- 282.78
- Face Value
- 2.00
- Total Debt
- 201
- Net Working Capital
- 1,503
- Contingent Liabilities
- 102
- Book Value per Share
- 282.78
- Face Value
- 2.00
- Equity Capital
- 24
- 4,209
- 76
- Trade Payables
- 1,141
- 778
- Total Liabilities
- 6,228
- 1,674
- Capital Work in Progress
- 101
- 1,476
- 781
- 0
- Cash & Bank
- 110
- 2,086
- Total Assets
- 6,228
- Total Debt
- 156
- Net Working Capital
- 1,675
- Contingent Liabilities
- 149
- Book Value per Share
- 176.17
- Face Value
- 1.00
- Total Debt
- 156
- Net Working Capital
- 1,675
- Contingent Liabilities
- 149
- Book Value per Share
- 176.17
- Face Value
- 1.00
- Equity Capital
- 24
- 4,344
- 748
- Trade Payables
- 1,047
- 1,659
- Total Liabilities
- 7,823
- 1,864
- Capital Work in Progress
- 40
- 2,893
- 741
- 0
- Cash & Bank
- 123
- 2,162
- Total Assets
- 7,823
- Total Debt
- 1,538
- Net Working Capital
- 1,097
- Contingent Liabilities
- 142
- Book Value per Share
- 181.64
- Face Value
- 1.00
- Total Debt
- 1,538
- Net Working Capital
- 1,097
- Contingent Liabilities
- 142
- Book Value per Share
- 181.64
- Face Value
- 1.00
- Equity Capital
- 24
- 3,495
- 1,339
- Trade Payables
- 1,313
- 1,827
- Total Liabilities
- 7,999
- 1,779
- Capital Work in Progress
- 117
- 2,781
- 1,091
- 0
- Cash & Bank
- 211
- 2,020
- Total Assets
- 7,999
- Total Debt
- 2,104
- Net Working Capital
- 811
- Contingent Liabilities
- 179
- Book Value per Share
- 146.10
- Face Value
- 1.00
- Total Debt
- 2,104
- Net Working Capital
- 811
- Contingent Liabilities
- 179
- Book Value per Share
- 146.10
- Face Value
- 1.00
- Equity Capital
- 24
- 2,534
- 1,020
- Trade Payables
- 1,323
- 2,575
- Total Liabilities
- 7,476
- 1,739
- Capital Work in Progress
- 536
- 1,762
- 1,367
- 0
- Cash & Bank
- 185
- 1,886
- Total Assets
- 7,476
- Total Debt
- 2,466
- Net Working Capital
- -165
- Contingent Liabilities
- 154
- Book Value per Share
- 106.19
- Face Value
- 1.00
- Total Debt
- 2,466
- Net Working Capital
- -165
- Contingent Liabilities
- 154
- Book Value per Share
- 106.19
- Face Value
- 1.00
- Equity Capital
- 24
- 3,510
- 1,316
- Trade Payables
- 1,449
- 2,996
- Total Liabilities
- 9,295
- 2,615
- Capital Work in Progress
- 105
- 3,324
- 1,193
- 0
- Cash & Bank
- 198
- 1,860
- Total Assets
- 9,295
- Total Debt
- 2,981
- Net Working Capital
- 579
- Contingent Liabilities
- 161
- Book Value per Share
- 146.71
- Face Value
- 1.00
- Total Debt
- 2,981
- Net Working Capital
- 579
- Contingent Liabilities
- 161
- Book Value per Share
- 146.71
- Face Value
- 1.00
- Equity Capital
- 24
- 3,917
- 988
- Trade Payables
- 1,627
- 2,473
- Total Liabilities
- 9,030
- 2,744
- Capital Work in Progress
- 188
- 2,767
- 1,181
- 393
- Cash & Bank
- 446
- 1,311
- Total Assets
- 9,030
- Total Debt
- 2,041
- Net Working Capital
- 758
- Contingent Liabilities
- 205
- Book Value per Share
- 163.62
- Face Value
- 1.00
- Total Debt
- 2,041
- Net Working Capital
- 758
- Contingent Liabilities
- 205
- Book Value per Share
- 163.62
- Face Value
- 1.00
- Equity Capital
- 24
- 4,332
- 320
- Trade Payables
- 1,752
- 2,374
- Total Liabilities
- 8,802
- 2,875
- Capital Work in Progress
- 89
- 2,865
- 1,237
- 449
- Cash & Bank
- 312
- 975
- Total Assets
- 8,802
- Total Debt
- 1,225
- Net Working Capital
- 295
- Contingent Liabilities
- 79
- Book Value per Share
- 180.81
- Face Value
- 1.00
- Total Debt
- 1,225
- Net Working Capital
- 295
- Contingent Liabilities
- 79
- Book Value per Share
- 180.81
- Face Value
- 1.00
- Equity Capital
- 24
- 5,082
- 645
- Trade Payables
- 1,896
- 2,041
- Total Liabilities
- 9,689
- 2,822
- Capital Work in Progress
- 39
- 3,610
- 1,346
- 469
- Cash & Bank
- 352
- 1,051
- Total Assets
- 9,689
- Total Debt
- 1,358
- Net Working Capital
- 498
- Contingent Liabilities
- 128
- Book Value per Share
- 211.98
- Face Value
- 1.00
- Total Debt
- 1,358
- Net Working Capital
- 498
- Contingent Liabilities
- 128
- Book Value per Share
- 211.98
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 441 | 1,249 | 1,156 | 1,485 | 1,876 | 1,300 | 2,526 | 2,573 | 2,491 | 2,612 | |
| Cash from Investing | -150 | -956 | -856 | -1,532 | 436 | 911 | -1,517 | 484 | 66 | -757 |
| Cash from Financing | -295 | -232 | -353 | 58 | -2,242 | -2,246 | -1,028 | -2,839 | -2,754 | -1,783 |
| -4 | 61 | -52 | 11 | 69 | -35 | -19 | 218 | -197 | 72 | |
| Free Cash Flow | 200 | 751 | 746 | 1,124 | 1,660 | 688 | 1,783 | 2,067 | 2,177 | 2,429 |
| OCF / Net Profit | 0.50 | 1.24 | 1.00 | 1.07 | 1.01 | 0.86 | 1.09 | 1.21 | 1.14 | 1.03 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,480 | 4,969 | 6,000 | 7,321 | 8,375 | 9,144 |
| OCF / Net Profit | 0.50 | 1.24 | 1.00 | 1.07 | 1.01 | 0.86 | 1.09 | 1.21 | 1.14 | 1.03 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,480 | 4,969 | 6,000 | 7,321 | 8,375 | 9,144 |
- 441
- Cash from Investing
- -150
- Cash from Financing
- -295
- -4
- Free Cash Flow
- 200
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 0
- 1,249
- Cash from Investing
- -956
- Cash from Financing
- -232
- 61
- Free Cash Flow
- 751
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
- 1,156
- Cash from Investing
- -856
- Cash from Financing
- -353
- -52
- Free Cash Flow
- 746
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 0
- 1,485
- Cash from Investing
- -1,532
- Cash from Financing
- 58
- 11
- Free Cash Flow
- 1,124
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.07
- Cumulative 5-Year FCF
- 0
- 1,876
- Cash from Investing
- 436
- Cash from Financing
- -2,242
- 69
- Free Cash Flow
- 1,660
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 4,480
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 4,480
- 1,300
- Cash from Investing
- 911
- Cash from Financing
- -2,246
- -35
- Free Cash Flow
- 688
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 4,969
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 4,969
- 2,526
- Cash from Investing
- -1,517
- Cash from Financing
- -1,028
- -19
- Free Cash Flow
- 1,783
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 6,000
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 6,000
- 2,573
- Cash from Investing
- 484
- Cash from Financing
- -2,839
- 218
- Free Cash Flow
- 2,067
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 7,321
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 7,321
- 2,491
- Cash from Investing
- 66
- Cash from Financing
- -2,754
- -197
- Free Cash Flow
- 2,177
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 8,375
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 8,375
- 2,612
- Cash from Investing
- -757
- Cash from Financing
- -1,783
- 72
- Free Cash Flow
- 2,429
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 9,144
- OCF / Net Profit
- 1.03
- Cumulative 5-Year FCF
- 9,144
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 (₹) | 73.71 | 83.65 | 48.24 | 58.32 | 77.37 | 63.30 | 96.38 | 88.83 | 90.44 | 105.17 |
| Book Value (₹) | 224.21 | 282.78 | 176.17 | 181.64 | 146.10 | 106.19 | 146.71 | 163.62 | 180.81 | 211.98 |
| Dividend per Share (₹) | 22.00 | 25.00 | 15.00 | 35.00 | 157.50 | 56.50 | 72.00 | 73.50 | 75.00 | 90.50 |
| Cash EPS (₹) | 41.83 | 47.73 | 54.82 | 65.63 | 85.03 | 71.25 | 105.53 | 101.07 | 103.41 | 119.30 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 15.32% | 15.95% | 16.64% | 17.34% | 20.52% | 16.42% | 17.86% | 17.98% | 16.92% | 17.47% |
| Net Margin % | 9.49% | 9.60% | 9.91% | 11.39% | 13.45% | 10.27% | 13.58% | 12.11% | 11.56% | 12.50% |
| ROE % | 37.01% | 33.00% | 30.29% | 32.40% | 46.92% | 49.89% | 76.04% | 57.10% | 52.50% | 53.62% |
| ROCE % | 51.94% | 47.47% | 44.34% | 37.13% | 45.28% | 41.64% | 55.50% | 49.25% | 53.02% | 56.48% |
| 23.48% | 21.70% | 20.28% | 19.84% | 23.39% | 19.59% | 27.62% | 23.29% | 24.43% | 27.44% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 7 | 8 | 11 | 11 | 8 | 7 | 7 | 7 | 8 | 8 |
| Inventory Days | 22 | 23 | 22 | 23 | 24 | 30 | 27 | 25 | 23 | 23 |
| Payable Days | 50 | 52 | 59 | 58 | 56 | 55 | 53 | 59 | 58 | 60 |
| -21 | -21 | -26 | -24 | -25 | -17 | -18 | -27 | -27 | -28 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.05x | 0.06x | 0.04x | 0.35x | 0.60x | 0.96x | 0.84x | 0.52x | 0.28x | 0.27x |
| Interest Coverage (x) | 240.32x | 201.02x | 195.49x | 24.98x | 23.67x | 15.40x | 18.93x | 18.77x | 22.08x | 30.17x |
| 1.74x | 1.91x | 1.90x | 1.43x | 1.22x | 0.96x | 1.14x | 1.19x | 1.08x | 1.12x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 7.82% | 9.50% | 11.51% | 4.93% | 13.25% | 7.61% | 15.31% | 2.88% | 7.00% | 6.74% |
| Operating Profit Growth % | 6.72% | 16.75% | 16.30% | 9.42% | 32.96% | -14.10% | 25.67% | 11.07% | 0.89% | 10.37% |
| Net Profit Growth % | 7.31% | 13.49% | 15.09% | 20.61% | 32.79% | -18.08% | 52.79% | -7.86% | 2.04% | 16.49% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -7.84% | 1.82% | 16.28% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 55.31x | 54.59x | 51.60x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 30.03x | 27.30x | 25.60x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.50% | 1.52% | 1.67% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 35.45x | 35.10x | 34.96x |
- EPS (₹)
- 73.71
- Book Value (₹)
- 224.21
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 41.83
- Operating Margin %
- 15.32%
- Net Margin %
- 9.49%
- ROE %
- 37.01%
- ROCE %
- 51.94%
- 23.48%
- Debtor Days
- 7
- Inventory Days
- 22
- Payable Days
- 50
- -21
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 240.32x
- 1.74x
- Revenue Growth %
- 7.82%
- Operating Profit Growth %
- 6.72%
- Net Profit Growth %
- 7.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 83.65
- Book Value (₹)
- 282.78
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 47.73
- Operating Margin %
- 15.95%
- Net Margin %
- 9.60%
- ROE %
- 33.00%
- ROCE %
- 47.47%
- 21.70%
- Debtor Days
- 8
- Inventory Days
- 23
- Payable Days
- 52
- -21
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 201.02x
- 1.91x
- Revenue Growth %
- 9.50%
- Operating Profit Growth %
- 16.75%
- Net Profit Growth %
- 13.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 48.24
- Book Value (₹)
- 176.17
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 54.82
- Operating Margin %
- 16.64%
- Net Margin %
- 9.91%
- ROE %
- 30.29%
- ROCE %
- 44.34%
- 20.28%
- Debtor Days
- 11
- Inventory Days
- 22
- Payable Days
- 59
- -26
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 195.49x
- 1.90x
- Revenue Growth %
- 11.51%
- Operating Profit Growth %
- 16.30%
- Net Profit Growth %
- 15.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 58.32
- Book Value (₹)
- 181.64
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 65.63
- Operating Margin %
- 17.34%
- Net Margin %
- 11.39%
- ROE %
- 32.40%
- ROCE %
- 37.13%
- 19.84%
- Debtor Days
- 11
- Inventory Days
- 23
- Payable Days
- 58
- -24
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 24.98x
- 1.43x
- Revenue Growth %
- 4.93%
- Operating Profit Growth %
- 9.42%
- Net Profit Growth %
- 20.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 77.37
- Book Value (₹)
- 146.10
- Dividend per Share (₹)
- 157.50
- Cash EPS (₹)
- 85.03
- Operating Margin %
- 20.52%
- Net Margin %
- 13.45%
- ROE %
- 46.92%
- ROCE %
- 45.28%
- 23.39%
- Debtor Days
- 8
- Inventory Days
- 24
- Payable Days
- 56
- -25
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 23.67x
- 1.22x
- Revenue Growth %
- 13.25%
- Operating Profit Growth %
- 32.96%
- Net Profit Growth %
- 32.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 63.30
- Book Value (₹)
- 106.19
- Dividend per Share (₹)
- 56.50
- Cash EPS (₹)
- 71.25
- Operating Margin %
- 16.42%
- Net Margin %
- 10.27%
- ROE %
- 49.89%
- ROCE %
- 41.64%
- 19.59%
- Debtor Days
- 7
- Inventory Days
- 30
- Payable Days
- 55
- -17
- Debt to Equity (x)
- 0.96x
- Interest Coverage (x)
- 15.40x
- 0.96x
- Revenue Growth %
- 7.61%
- Operating Profit Growth %
- -14.10%
- Net Profit Growth %
- -18.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 96.38
- Book Value (₹)
- 146.71
- Dividend per Share (₹)
- 72.00
- Cash EPS (₹)
- 105.53
- Operating Margin %
- 17.86%
- Net Margin %
- 13.58%
- ROE %
- 76.04%
- ROCE %
- 55.50%
- 27.62%
- Debtor Days
- 7
- Inventory Days
- 27
- Payable Days
- 53
- -18
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 18.93x
- 1.14x
- Revenue Growth %
- 15.31%
- Operating Profit Growth %
- 25.67%
- Net Profit Growth %
- 52.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 88.83
- Book Value (₹)
- 163.62
- Dividend per Share (₹)
- 73.50
- Cash EPS (₹)
- 101.07
- Operating Margin %
- 17.98%
- Net Margin %
- 12.11%
- ROE %
- 57.10%
- ROCE %
- 49.25%
- 23.29%
- Debtor Days
- 7
- Inventory Days
- 25
- Payable Days
- 59
- -27
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 18.77x
- 1.19x
- Revenue Growth %
- 2.88%
- Operating Profit Growth %
- 11.07%
- Net Profit Growth %
- -7.86%
- -7.84%
- P/E (x)
- 55.31x
- P/B (x)
- 30.03x
- Dividend Yield %
- 1.50%
- 35.45x
- EPS (₹)
- 90.44
- Book Value (₹)
- 180.81
- Dividend per Share (₹)
- 75.00
- Cash EPS (₹)
- 103.41
- Operating Margin %
- 16.92%
- Net Margin %
- 11.56%
- ROE %
- 52.50%
- ROCE %
- 53.02%
- 24.43%
- Debtor Days
- 8
- Inventory Days
- 23
- Payable Days
- 58
- -27
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 22.08x
- 1.08x
- Revenue Growth %
- 7.00%
- Operating Profit Growth %
- 0.89%
- Net Profit Growth %
- 2.04%
- 1.82%
- P/E (x)
- 54.59x
- P/B (x)
- 27.30x
- Dividend Yield %
- 1.52%
- 35.10x
- EPS (₹)
- 105.17
- Book Value (₹)
- 211.98
- Dividend per Share (₹)
- 90.50
- Cash EPS (₹)
- 119.30
- Operating Margin %
- 17.47%
- Net Margin %
- 12.50%
- ROE %
- 53.62%
- ROCE %
- 56.48%
- 27.44%
- Debtor Days
- 8
- Inventory Days
- 23
- Payable Days
- 60
- -28
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 30.17x
- 1.12x
- Revenue Growth %
- 6.74%
- Operating Profit Growth %
- 10.37%
- Net Profit Growth %
- 16.49%
- 16.28%
- P/E (x)
- 51.60x
- P/B (x)
- 25.60x
- Dividend Yield %
- 1.67%
- 34.96x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - With reference to the subject cited above and our letter dated 11th August, 2026 regarding the Schedule of Analysts/Institutional Investors Meets, this is to inform you that the one-to-one Meeting with Enam Asset Management Company Private Limited, which was scheduled to be held on Monday, 17th August, 2026 at 12:00 P.M. IST through Video Conference, has been rescheduled at 1:00 P.M. IST.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, please find enclosed the Transcript of Investors/Analysts Conference Call held on 7th August, 2026, pertaining to the financial results and operations of the Company for the quarter ended 30th June, 2026.
Annual Reports
Credit Ratings
- Credit Rating
2025-10-10 - Britannia Industries Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-10-02 - Britannia Industries Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026

