Dollex Agrotech Ltd.

•

₹ 33.1-0.6%

2026-08-21

dollex.inBSE: -NSE: DOLLEX

Market Cap₹ 131 Cr.

Current Price₹ 33

High / Low₹ 44 / 26

Stock P/E0.0

Book Value₹ 31

Price to Book0.87

Dividend Yield0.00 %

ROCE5.4 %

ROE8.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Mfg: 60.7% • Trading: 39.3%

PROS

Company has delivered good profit growth of 38.1% CAGR over last 5 years
Company has delivered good sales growth of 23.9% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -17.5pp
Company has a low return on capital employed of 7.1%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.17x)

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriSugar

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.	EIDPARRY	787.15	30.13	14007.78	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
2.	BALRAMCHIN	650.85	37.09	13763.34	1.08	44.15	-14.40	1636.79	6.13	11.08	7.36
3.	TRIVENI	288.90	22.65	6366.29	0.95	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.24	0.00	5159.46	0.00	-251.50	4.59	2120.20	5.61	13.61	-3.60
5.	BAJAJHIND	20.39	42.12	4874.57	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3625.00	0.00	4545.64	0.34	-10.92	-171.57	172.45	-58.81	8.68	-3.00
7.	DALMIASUG	475.30	16.25	3847.05	1.26	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	737.65	0.00	1476.66	1.36	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	247.60	5631.63	1267.12	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
10.	UTTAMSUGAR	300.80	13.19	1147.19	0.83	1.30	-91.05	606.37	-3.56	10.77	4.32
11.	DHAMPURSUG	176.35	16.14	1134.05	1.13	6.09	569.23	786.17	6.14	6.63	3.98
12.	DOLLEX	32.80	0.00	131.03	0.00	1.28	-27.03	39.95	10.31	5.44	8.53

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	38	43	38	119	36	53	27	109	40
	30	42	35	116	33	51	24	101	38
Operating Profit	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1
	7	-1	2	1	2	1	2	6	2
Tax %	24.43%	18.92%	-3.81%	82.83%	12.50%	41.94%	4.60%	25.88%	27.99%
Net Profit	5	-1	2	0	2	0	2	5	1
	2	-0	1	0	1	0	1	1	0
Equity Capital	25	25	25	25	40	40	40	40	40
Reserves	33	41	33	41	41	41	41	84	84
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	25	25	25	25	40	40	40	40	40
Reserves	33	41	33	41	41	41	41	84	84
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2024

: 38
: 30
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 7
Tax %: 24.43%
Net Profit: 5
: 2
Equity Capital: 25
Reserves: 33
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 33
Promoter Pledge %: 0.00%

Sep 2024

: 43
: 42
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: -1
Tax %: 18.92%
Net Profit: -1
: -0
Equity Capital: 25
Reserves: 41
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 41
Promoter Pledge %: 0.00%

Dec 2024

: 38
: 35
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: -3.81%
Net Profit: 2
: 1
Equity Capital: 25
Reserves: 33
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 33
Promoter Pledge %: 0.00%

Mar 2025

: 119
: 116
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: 82.83%
Net Profit: 0
: 0
Equity Capital: 25
Reserves: 41
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 41
Promoter Pledge %: 0.00%

Jun 2025

: 36
: 33
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: 12.50%
Net Profit: 2
: 1
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%

Sep 2025

: 53
: 51
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: 41.94%
Net Profit: 0
: 0
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%

Dec 2025

: 27
: 24
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: 4.60%
Net Profit: 2
: 1
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%
Equity Capital: 40
Reserves: 41
Promoter Pledge %: 0.00%

Mar 2026

: 109
: 101
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 6
Tax %: 25.88%
Net Profit: 5
: 1
Equity Capital: 40
Reserves: 84
Promoter Pledge %: 0.00%
Equity Capital: 40
Reserves: 84
Promoter Pledge %: 0.00%

Jun 2026

: 40
: 38
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: 27.99%
Net Profit: 1
: 0
Equity Capital: 40
Reserves: 84
Promoter Pledge %: 0.00%
Equity Capital: 40
Reserves: 84
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	25	77	79	110	135	237	225	229
	21	71	71	98	122	221	208	214
Operating Profit	5	7	9	13	14	16	17	—
OPM %	20	9	11	12	10	7	8	—
Other Income	1	0	0	0	0	0	0	0
Interest	2	2	2	2	3	3	4	4
Depreciation	2	2	2	3	3	3	3	3
	1	3	4	8	8	10	11	10
Tax %	55	36	23	23	13	21	21	24
Net Profit	1	2	3	6	7	8	8	8
EPS	1	1	2	3	3	3	2	—
Dividend Payout %	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	1	1	2	2	3	3	2	—
Minority Interest	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0
Adjusted EPS	1	1	2	2	3	3	2	—

Mar 2020

: 25
: 21
Operating Profit: 5
OPM %: 20
Other Income: 1
Interest: 2
Depreciation: 2
: 1
Tax %: 55
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 2021

: 77
: 71
Operating Profit: 7
OPM %: 9
Other Income: 0
Interest: 2
Depreciation: 2
: 3
Tax %: 36
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 2022

: 79
: 71
Operating Profit: 9
OPM %: 11
Other Income: 0
Interest: 2
Depreciation: 2
: 4
Tax %: 23
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 110
: 98
Operating Profit: 13
OPM %: 12
Other Income: 0
Interest: 2
Depreciation: 3
: 8
Tax %: 23
Net Profit: 6
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2024

: 135
: 122
Operating Profit: 14
OPM %: 10
Other Income: 0
Interest: 3
Depreciation: 3
: 8
Tax %: 13
Net Profit: 7
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2025

: 237
: 221
Operating Profit: 16
OPM %: 7
Other Income: 0
Interest: 3
Depreciation: 3
: 10
Tax %: 21
Net Profit: 8
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2026

: 225
: 208
Operating Profit: 17
OPM %: 8
Other Income: 0
Interest: 4
Depreciation: 3
: 11
Tax %: 21
Net Profit: 8
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

TTM

: 229
: 214
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 3
: 10
Tax %: 24
Net Profit: 8
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:: —
5 Years:: 24%
3 Years:: 27%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 38%
3 Years:: 11%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -8%
1 Year:: -20%

RETURN ON EQUITY

10 Years:: —
5 Years:: 13%
3 Years:: 12%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	10	20	20	25	25	25	40
	2	3	6	25	33	41	84
	2	3	1	6	8	20	20
Trade Payables	22	27	33	67	102	38	112
	54	51	54	46	103	160	159
Total Liabilities	89	105	114	168	271	283	415
ASSETS	-	-	-	-	-	-	-
	46	44	39	35	32	29	27
Capital Work in Progress	0	1	1	1	8	55	86
	29	40	38	101	162	146	97
	0	0	0	0	14	14	115
Cash & Bank	-1	3	6	1	10	1	2
	15	17	29	31	46	39	89
Total Assets	89	105	114	168	271	283	415
Total Debt	52	50	45	43	105	172	165
Net Working Capital	11	24	26	43	71	95	105
Contingent Liabilities	0	0	0	0	0	0	24
Book Value per Share	11.55	11.61	13.25	20.02	23.17	26.48	31.03
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	52	50	45	43	105	172	165
Net Working Capital	11	24	26	43	71	95	105
Contingent Liabilities	0	0	0	0	0	0	24
Book Value per Share	11.55	11.61	13.25	20.02	23.17	26.48	31.03
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 10
: 2
: 2
Trade Payables: 22
: 54
Total Liabilities: 89
: 46
Capital Work in Progress: 0
: 29
: 0
Cash & Bank: -1
: 15
Total Assets: 89
Total Debt: 52
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 11.55
Face Value: 10.00
Total Debt: 52
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 11.55
Face Value: 10.00

Mar 2021

Equity Capital: 20
: 3
: 3
Trade Payables: 27
: 51
Total Liabilities: 105
: 44
Capital Work in Progress: 1
: 40
: 0
Cash & Bank: 3
: 17
Total Assets: 105
Total Debt: 50
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 11.61
Face Value: 10.00
Total Debt: 50
Net Working Capital: 24
Contingent Liabilities: 0
Book Value per Share: 11.61
Face Value: 10.00

Mar 2022

Equity Capital: 20
: 6
: 1
Trade Payables: 33
: 54
Total Liabilities: 114
: 39
Capital Work in Progress: 1
: 38
: 0
Cash & Bank: 6
: 29
Total Assets: 114
Total Debt: 45
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 13.25
Face Value: 10.00
Total Debt: 45
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 13.25
Face Value: 10.00

Mar 2023

Equity Capital: 25
: 25
: 6
Trade Payables: 67
: 46
Total Liabilities: 168
: 35
Capital Work in Progress: 1
: 101
: 0
Cash & Bank: 1
: 31
Total Assets: 168
Total Debt: 43
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 20.02
Face Value: 10.00
Total Debt: 43
Net Working Capital: 43
Contingent Liabilities: 0
Book Value per Share: 20.02
Face Value: 10.00

Mar 2024

Equity Capital: 25
: 33
: 8
Trade Payables: 102
: 103
Total Liabilities: 271
: 32
Capital Work in Progress: 8
: 162
: 14
Cash & Bank: 10
: 46
Total Assets: 271
Total Debt: 105
Net Working Capital: 71
Contingent Liabilities: 0
Book Value per Share: 23.17
Face Value: 10.00
Total Debt: 105
Net Working Capital: 71
Contingent Liabilities: 0
Book Value per Share: 23.17
Face Value: 10.00

Mar 2025

Equity Capital: 25
: 41
: 20
Trade Payables: 38
: 160
Total Liabilities: 283
: 29
Capital Work in Progress: 55
: 146
: 14
Cash & Bank: 1
: 39
Total Assets: 283
Total Debt: 172
Net Working Capital: 95
Contingent Liabilities: 0
Book Value per Share: 26.48
Face Value: 10.00
Total Debt: 172
Net Working Capital: 95
Contingent Liabilities: 0
Book Value per Share: 26.48
Face Value: 10.00

Mar 2026

Equity Capital: 40
: 84
: 20
Trade Payables: 112
: 159
Total Liabilities: 415
: 27
Capital Work in Progress: 86
: 97
: 115
Cash & Bank: 2
: 89
Total Assets: 415
Total Debt: 165
Net Working Capital: 105
Contingent Liabilities: 24
Book Value per Share: 31.03
Face Value: 10.00
Total Debt: 165
Net Working Capital: 105
Contingent Liabilities: 24
Book Value per Share: 31.03
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-9	0	10	-20	-43	-25	-7
Cash from Investing	-8	-2	3	3	-7	-47	-31
Cash from Financing	15	6	-10	13	59	63	39
	-2	4	3	-5	9	-9	1
Free Cash Flow	-9	-2	10	-20	-50	-72	-38
OCF / Net Profit	-15.94	0.14	3.17	-3.29	-6.19	-3.03	-0.80
Cumulative 5-Year FCF	0	0	0	0	0	-134	-170
OCF / Net Profit	-15.94	0.14	3.17	-3.29	-6.19	-3.03	-0.80
Cumulative 5-Year FCF	0	0	0	0	0	-134	-170

Mar 2020

: -9
Cash from Investing: -8
Cash from Financing: 15
: -2
Free Cash Flow: -9
OCF / Net Profit: -15.94
Cumulative 5-Year FCF: 0
OCF / Net Profit: -15.94
Cumulative 5-Year FCF: 0

Mar 2021

: 0
Cash from Investing: -2
Cash from Financing: 6
: 4
Free Cash Flow: -2
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 0

Mar 2022

: 10
Cash from Investing: 3
Cash from Financing: -10
: 3
Free Cash Flow: 10
OCF / Net Profit: 3.17
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.17
Cumulative 5-Year FCF: 0

Mar 2023

: -20
Cash from Investing: 3
Cash from Financing: 13
: -5
Free Cash Flow: -20
OCF / Net Profit: -3.29
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.29
Cumulative 5-Year FCF: 0

Mar 2024

: -43
Cash from Investing: -7
Cash from Financing: 59
: 9
Free Cash Flow: -50
OCF / Net Profit: -6.19
Cumulative 5-Year FCF: 0
OCF / Net Profit: -6.19
Cumulative 5-Year FCF: 0

Mar 2025

: -25
Cash from Investing: -47
Cash from Financing: 63
: -9
Free Cash Flow: -72
OCF / Net Profit: -3.03
Cumulative 5-Year FCF: -134
OCF / Net Profit: -3.03
Cumulative 5-Year FCF: -134

Mar 2026

: -7
Cash from Investing: -31
Cash from Financing: 39
: 1
Free Cash Flow: -38
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: -170
OCF / Net Profit: -0.80
Cumulative 5-Year FCF: -170

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	0.58	0.84	1.63	2.45	2.81	3.32	2.11
Book Value (₹)	11.55	11.61	13.25	20.02	23.17	26.48	31.03
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.45	2.04	2.77	3.45	3.94	4.33	2.85
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	19.96%	9.06%	11.35%	11.71%	10.32%	6.88%	7.57%
Net Margin %	2.28%	2.17%	4.12%	5.53%	5.18%	3.49%	3.74%
ROE %	5.00%	9.63%	13.15%	15.96%	13.02%	13.36%	8.85%
ROCE %	4.95%	7.01%	9.29%	12.67%	8.84%	6.90%	5.44%
	0.65%	1.73%	2.99%	4.33%	3.20%	2.99%	2.41%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	16	14	58	65	44	21	104
Inventory Days	424	165	181	231	355	237	197
Payable Days	514	139	166	205	277	124	142
	-74	40	73	92	122	133	159
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	4.51x	2.16x	1.70x	0.86x	1.82x	2.60x	1.33x
Interest Coverage (x)	1.70x	2.20x	2.71x	4.25x	3.53x	4.14x	3.87x
	1.43x	1.73x	1.58x	1.52x	1.61x	2.33x	1.69x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	205.16%	2.87%	39.10%	22.67%	75.24%	-5.17%
Operating Profit Growth %	0.00%	38.44%	28.88%	43.55%	9.38%	15.59%	5.86%
Net Profit Growth %	0.00%	189.72%	95.25%	86.75%	14.96%	17.99%	1.63%
	0.00%	0.00%	0.00%	0.00%	14.96%	18.00%	-36.48%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	12.19x	9.25x	12.84x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.48x	1.16x	0.87x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	13.20x	15.46x	15.66x

Mar 2020

EPS (₹): 0.58
Book Value (₹): 11.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.45
Operating Margin %: 19.96%
Net Margin %: 2.28%
ROE %: 5.00%
ROCE %: 4.95%
: 0.65%
Debtor Days: 16
Inventory Days: 424
Payable Days: 514
: -74
Debt to Equity (x): 4.51x
Interest Coverage (x): 1.70x
: 1.43x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.84
Book Value (₹): 11.61
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.04
Operating Margin %: 9.06%
Net Margin %: 2.17%
ROE %: 9.63%
ROCE %: 7.01%
: 1.73%
Debtor Days: 14
Inventory Days: 165
Payable Days: 139
: 40
Debt to Equity (x): 2.16x
Interest Coverage (x): 2.20x
: 1.73x
Revenue Growth %: 205.16%
Operating Profit Growth %: 38.44%
Net Profit Growth %: 189.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.63
Book Value (₹): 13.25
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.77
Operating Margin %: 11.35%
Net Margin %: 4.12%
ROE %: 13.15%
ROCE %: 9.29%
: 2.99%
Debtor Days: 58
Inventory Days: 181
Payable Days: 166
: 73
Debt to Equity (x): 1.70x
Interest Coverage (x): 2.71x
: 1.58x
Revenue Growth %: 2.87%
Operating Profit Growth %: 28.88%
Net Profit Growth %: 95.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 2.45
Book Value (₹): 20.02
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.45
Operating Margin %: 11.71%
Net Margin %: 5.53%
ROE %: 15.96%
ROCE %: 12.67%
: 4.33%
Debtor Days: 65
Inventory Days: 231
Payable Days: 205
: 92
Debt to Equity (x): 0.86x
Interest Coverage (x): 4.25x
: 1.52x
Revenue Growth %: 39.10%
Operating Profit Growth %: 43.55%
Net Profit Growth %: 86.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 2.81
Book Value (₹): 23.17
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.94
Operating Margin %: 10.32%
Net Margin %: 5.18%
ROE %: 13.02%
ROCE %: 8.84%
: 3.20%
Debtor Days: 44
Inventory Days: 355
Payable Days: 277
: 122
Debt to Equity (x): 1.82x
Interest Coverage (x): 3.53x
: 1.61x
Revenue Growth %: 22.67%
Operating Profit Growth %: 9.38%
Net Profit Growth %: 14.96%
: 14.96%
P/E (x): 12.19x
P/B (x): 1.48x
Dividend Yield %: 0.00%
: 13.20x

Mar 2025

EPS (₹): 3.32
Book Value (₹): 26.48
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.33
Operating Margin %: 6.88%
Net Margin %: 3.49%
ROE %: 13.36%
ROCE %: 6.90%
: 2.99%
Debtor Days: 21
Inventory Days: 237
Payable Days: 124
: 133
Debt to Equity (x): 2.60x
Interest Coverage (x): 4.14x
: 2.33x
Revenue Growth %: 75.24%
Operating Profit Growth %: 15.59%
Net Profit Growth %: 17.99%
: 18.00%
P/E (x): 9.25x
P/B (x): 1.16x
Dividend Yield %: 0.00%
: 15.46x

Mar 2026

EPS (₹): 2.11
Book Value (₹): 31.03
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.85
Operating Margin %: 7.57%
Net Margin %: 3.74%
ROE %: 8.85%
ROCE %: 5.44%
: 2.41%
Debtor Days: 104
Inventory Days: 197
Payable Days: 142
: 159
Debt to Equity (x): 1.33x
Interest Coverage (x): 3.87x
: 1.69x
Revenue Growth %: -5.17%
Operating Profit Growth %: 5.86%
Net Profit Growth %: 1.63%
: -36.48%
P/E (x): 12.84x
P/B (x): 0.87x
Dividend Yield %: 0.00%
: 15.66x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.69	71.69	71.69	71.69	54.20	54.20	54.20	54.20	54.20
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.31	28.31	28.31	28.31	45.80	45.80	45.80	45.80	45.80

Sep 2023

: 71.69
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 28.31

Mar 2024

: 71.69
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 28.31

Sep 2024

: 71.69
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 28.31

Mar 2025

: 71.69
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 28.31

Jun 2025

: 54.20
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 45.80

Sep 2025

: 54.20
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 45.80

Dec 2025

: 54.20
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 45.80

Mar 2026

: 54.20
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 45.80

Jun 2026

: 54.20
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 45.80

Documents

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Annual Reports

Credit Ratings

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Concalls

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