Eco Recycling Ltd.
•₹ 454.75-1.41%
2026-08-21
PROS
- Company has delivered good profit growth of 84.0% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 32.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Company has delivered good sales growth of 29.2% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
CONS
- Operating margins have contracted to 68.7% from 96.4%
- Stock is trading at 15.1x its book value
- Growth is decelerating - 3Y profit CAGR (22.6%) trails the 5Y trend (84.0%)
- Though reporting repeated profits, the company pays out little dividend (0.0%)
- Rich enterprise valuation - EV/EBITDA of 38.7x
* 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. | WABAG | 1976.15 | 31.27 | 12346.62 | 0.25 | 90.10 | 36.93 | 886.80 | 20.82 | 21.22 | 9.59 |
| 2. | IONEXCHANG | 372.60 | 55.72 | 5464.80 | 0.34 | 3.06 | -93.68 | 700.46 | 20.11 | 13.46 | 4.59 |
| 3. | AWHCL | 381.20 | 18.52 | 1081.93 | 0.13 | 0.75 | -96.74 | 260.99 | 5.52 | 13.11 | 14.25 |
| 4. | ECORECO | 460.90 | 37.60 | 903.21 | 0.00 | 9.17 | 13.35 | 16.19 | 75.22 | 43.18 | 56.27 |
| 5. | CEWATER | 274.80 | 0.00 | 568.73 | 0.00 | -175.69 | -4365.36 | 853.47 | 733.53 | 15.16 | -18.72 |
| 6. | RACE | 100.05 | 22.95 | 172.66 | 0.00 | 1.03 | 150.00 | 191.06 | 21.91 | 10.23 | 1.99 |
| 7. | BANKA | 78.40 | 240.91 | 86.00 | 0.00 | -0.04 | -295.00 | 10.55 | -5.29 | -8.20 | 17.27 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 7 | 7 | 8 | 11 | 13 | 10 | 10 | 9 | 14 | 6 | 19 | 16 | |
| 2 | 3 | 2 | 4 | 3 | 4 | 3 | 3 | 4 | 7 | 2 | 6 | 8 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 3 | 2 | -0 | 2 | 1 | -0 | -0 | 4 | 0 | 1 | -1 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| 5 | 7 | 7 | 3 | 10 | 10 | 6 | 6 | 9 | 7 | 4 | 11 | 11 | |
| Tax % | 9.77% | 10.92% | 17.08% | 48.44% | 17.01% | 16.67% | 17.57% | 64.91% | 10.01% | 17.65% | 51.54% | 35.27% | 19.56% |
| Net Profit | 0 | 0 | 0 | 0 | 8 | 8 | 5 | 2 | 8 | 6 | 2 | 7 | 9 |
| 2 | 3 | 3 | 1 | 4 | 4 | 3 | 1 | 4 | 3 | 1 | 4 | 0 | |
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 20 |
| 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 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 20 |
| 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
- 5
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 9.77%
- Net Profit
- 0
- 2
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 7
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 10.92%
- Net Profit
- 0
- 3
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 7
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 17.08%
- Net Profit
- 0
- 3
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 8
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- -0
- 3
- Tax %
- 48.44%
- Net Profit
- 0
- 1
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 11
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 17.01%
- Net Profit
- 8
- 4
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 13
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 16.67%
- Net Profit
- 8
- 4
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 10
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 17.57%
- Net Profit
- 5
- 3
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 10
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 64.91%
- Net Profit
- 2
- 1
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 9
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 10.01%
- Net Profit
- 8
- 4
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 14
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 17.65%
- Net Profit
- 6
- 3
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 6
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 51.54%
- Net Profit
- 2
- 1
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 19
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- -1
- Interest
- 0
- Depreciation
- 1
- 11
- Tax %
- 35.27%
- Net Profit
- 7
- 4
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 16
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 11
- Tax %
- 19.56%
- Net Profit
- 9
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 44 | 55 | |
| 36 | 18 | 12 | 11 | 11 | 12 | 12 | 14 | 12 | 14 | 23 | |
| Operating Profit | 1 | 1 | 2 | 2 | 3 | 6 | 15 | 8 | 24 | 33 | — |
| OPM % | 3 | 6 | 15 | 18 | 21 | 50 | 96 | 44 | 85 | 76 | — |
| Other Income | 1 | 0 | 3 | 1 | 1 | 6 | 12 | 4 | 7 | 3 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| -0 | -2 | -9 | 1 | 1 | 6 | 14 | 7 | 22 | 32 | 33 | |
| Tax % | -79 | 3 | 0 | -39 | 9 | 20 | 11 | 6 | 18 | 26 | 28 |
| Net Profit | -0 | -2 | -9 | 1 | 1 | 4 | 13 | 6 | 18 | 23 | 24 |
| EPS | -0 | -1 | -5 | 1 | 1 | 2 | 7 | 3 | 9 | 34 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 43 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -1 | -5 | 1 | 1 | 2 | 7 | 3 | 9 | 34 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 43 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | -1 | -5 | 1 | 1 | 2 | 7 | 3 | 9 | 34 | — |
Mar 2016
- 37
- 36
- Operating Profit
- 1
- OPM %
- 3
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- -79
- Net Profit
- -0
- 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
- 19
- 18
- Operating Profit
- 1
- OPM %
- 6
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -2
- Tax %
- 3
- 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 2018
- 12
- 12
- Operating Profit
- 2
- OPM %
- 15
- Other Income
- 3
- Interest
- 1
- Depreciation
- 0
- -9
- Tax %
- 0
- Net Profit
- -9
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2019
- 12
- 11
- Operating Profit
- 2
- OPM %
- 18
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- -39
- 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 2020
- 12
- 11
- Operating Profit
- 3
- OPM %
- 21
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 9
- 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
- 13
- 12
- Operating Profit
- 6
- OPM %
- 50
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 20
- Net Profit
- 4
- 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 2022
- 15
- 12
- Operating Profit
- 15
- OPM %
- 96
- Other Income
- 12
- Interest
- 0
- Depreciation
- 0
- 14
- Tax %
- 11
- Net Profit
- 13
- EPS
- 7
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2023
- 18
- 14
- Operating Profit
- 8
- OPM %
- 44
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- 6
- Net Profit
- 6
- 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 2024
- 28
- 12
- Operating Profit
- 24
- OPM %
- 85
- Other Income
- 7
- Interest
- 1
- Depreciation
- 1
- 22
- Tax %
- 18
- Net Profit
- 18
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2025
- 44
- 14
- Operating Profit
- 33
- OPM %
- 76
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- 32
- Tax %
- 26
- Net Profit
- 23
- EPS
- 34
- Dividend Payout %
- 0
- Minority Interest
- 43
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 43
- Share of Associates
- 0
- Adjusted EPS
- 34
TTM
- 55
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 2
- 33
- Tax %
- 28
- Net Profit
- 24
- 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:
- 4%
- 5 Years:
- 29%
- 3 Years:
- 42%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 53%
- 5 Years:
- 126%
- 3 Years:
- 73%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 26%
- 3 Years:
- 26%
- Last Year:
- 31%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 |
| 13 | 10 | 6 | 6 | 4 | 12 | 30 | 27 | 47 | 69 | |
| 6 | 7 | 5 | 5 | 1 | 0 | 1 | 0 | 0 | 0 | |
| Trade Payables | 22 | 4 | 0 | 0 | 0 | 0 | 2 | 11 | 0 | 1 |
| 14 | 15 | 21 | 17 | 19 | 14 | 15 | 6 | 15 | 21 | |
| Total Liabilities | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 62 | 81 | 111 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 14 | 14 | 22 | 22 | 22 | 22 | 20 | 34 | 39 | 59 | |
| Capital Work in Progress | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | 2 | 3 | 3 | 3 | 7 | 20 | 15 | 18 | 12 | |
| 9 | 9 | 6 | 3 | 3 | 2 | 4 | 4 | 6 | 12 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 8 | |
| Cash & Bank | 0 | 0 | 0 | 2 | 0 | 2 | 11 | 1 | 2 | 3 |
| 35 | 19 | 17 | 17 | 16 | 13 | 11 | 9 | 11 | 18 | |
| Total Assets | 73 | 54 | 49 | 46 | 44 | 46 | 67 | 62 | 81 | 111 |
| Total Debt | 19 | 20 | 23 | 20 | 17 | 11 | 11 | 0 | 0 | 0 |
| Net Working Capital | 11 | 13 | 13 | 5 | 7 | 9 | 22 | 1 | 25 | 29 |
| Contingent Liabilities | 14 | 14 | 14 | 13 | 3 | 3 | 3 | 1 | 1 | 1 |
| Book Value per Share | 17.50 | 15.89 | 9.96 | 10.11 | 12.30 | 13.27 | 24.74 | 22.79 | 33.15 | 44.60 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 19 | 20 | 23 | 20 | 17 | 11 | 11 | 0 | 0 | 0 |
| Net Working Capital | 11 | 13 | 13 | 5 | 7 | 9 | 22 | 1 | 25 | 29 |
| Contingent Liabilities | 14 | 14 | 14 | 13 | 3 | 3 | 3 | 1 | 1 | 1 |
| Book Value per Share | 17.50 | 15.89 | 9.96 | 10.11 | 12.30 | 13.27 | 24.74 | 22.79 | 33.15 | 44.60 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 18
- 13
- 6
- Trade Payables
- 22
- 14
- Total Liabilities
- 73
- 14
- Capital Work in Progress
- 8
- 7
- 9
- 0
- Cash & Bank
- 0
- 35
- Total Assets
- 73
- Total Debt
- 19
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 17.50
- Face Value
- 10.00
- Total Debt
- 19
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 17.50
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 18
- 10
- 7
- Trade Payables
- 4
- 15
- Total Liabilities
- 54
- 14
- Capital Work in Progress
- 9
- 2
- 9
- 0
- Cash & Bank
- 0
- 19
- Total Assets
- 54
- Total Debt
- 20
- Net Working Capital
- 13
- Contingent Liabilities
- 14
- Book Value per Share
- 15.89
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 13
- Contingent Liabilities
- 14
- Book Value per Share
- 15.89
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 18
- 6
- 5
- Trade Payables
- 0
- 21
- Total Liabilities
- 49
- 22
- Capital Work in Progress
- 0
- 3
- 6
- 0
- Cash & Bank
- 0
- 17
- Total Assets
- 49
- Total Debt
- 23
- Net Working Capital
- 13
- Contingent Liabilities
- 14
- Book Value per Share
- 9.96
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- 13
- Contingent Liabilities
- 14
- Book Value per Share
- 9.96
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 18
- 6
- 5
- Trade Payables
- 0
- 17
- Total Liabilities
- 46
- 22
- Capital Work in Progress
- 0
- 3
- 3
- 0
- Cash & Bank
- 2
- 17
- Total Assets
- 46
- Total Debt
- 20
- Net Working Capital
- 5
- Contingent Liabilities
- 13
- Book Value per Share
- 10.11
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 5
- Contingent Liabilities
- 13
- Book Value per Share
- 10.11
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 19
- 4
- 1
- Trade Payables
- 0
- 19
- Total Liabilities
- 44
- 22
- Capital Work in Progress
- 0
- 3
- 3
- 0
- Cash & Bank
- 0
- 16
- Total Assets
- 44
- Total Debt
- 17
- Net Working Capital
- 7
- Contingent Liabilities
- 3
- Book Value per Share
- 12.30
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 7
- Contingent Liabilities
- 3
- Book Value per Share
- 12.30
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 19
- 12
- 0
- Trade Payables
- 0
- 14
- Total Liabilities
- 46
- 22
- Capital Work in Progress
- 0
- 7
- 2
- 0
- Cash & Bank
- 2
- 13
- Total Assets
- 46
- Total Debt
- 11
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 13.27
- Face Value
- 10.00
- Total Debt
- 11
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 13.27
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 19
- 30
- 1
- Trade Payables
- 2
- 15
- Total Liabilities
- 67
- 20
- Capital Work in Progress
- 0
- 20
- 4
- 0
- Cash & Bank
- 11
- 11
- Total Assets
- 67
- Total Debt
- 11
- Net Working Capital
- 22
- Contingent Liabilities
- 3
- Book Value per Share
- 24.74
- Face Value
- 10.00
- Total Debt
- 11
- Net Working Capital
- 22
- Contingent Liabilities
- 3
- Book Value per Share
- 24.74
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 19
- 27
- 0
- Trade Payables
- 11
- 6
- Total Liabilities
- 62
- 34
- Capital Work in Progress
- 0
- 15
- 4
- 0
- Cash & Bank
- 1
- 9
- Total Assets
- 62
- Total Debt
- 0
- Net Working Capital
- 1
- Contingent Liabilities
- 1
- Book Value per Share
- 22.79
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1
- Contingent Liabilities
- 1
- Book Value per Share
- 22.79
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 19
- 47
- 0
- Trade Payables
- 0
- 15
- Total Liabilities
- 81
- 39
- Capital Work in Progress
- 0
- 18
- 6
- 4
- Cash & Bank
- 2
- 11
- Total Assets
- 81
- Total Debt
- 0
- Net Working Capital
- 25
- Contingent Liabilities
- 1
- Book Value per Share
- 33.15
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 25
- Contingent Liabilities
- 1
- Book Value per Share
- 33.15
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 19
- 69
- 0
- Trade Payables
- 1
- 21
- Total Liabilities
- 111
- 59
- Capital Work in Progress
- 0
- 12
- 12
- 8
- Cash & Bank
- 3
- 18
- Total Assets
- 111
- Total Debt
- 0
- Net Working Capital
- 29
- Contingent Liabilities
- 1
- Book Value per Share
- 44.60
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 29
- Contingent Liabilities
- 1
- Book Value per Share
- 44.60
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -1 | 6 | 8 | 5 | 9 | 0 | 16 | -3 | 17 | |
| Cash from Investing | -2 | 1 | -0 | -3 | -4 | -0 | 8 | -24 | 3 | -14 |
| Cash from Financing | 0 | -0 | -6 | -4 | -4 | -7 | -0 | -1 | -0 | -1 |
| 0 | -0 | 0 | 2 | -2 | 2 | 8 | -9 | 0 | 1 | |
| Free Cash Flow | 1 | -2 | 6 | 8 | 5 | 8 | 0 | 2 | -9 | -4 |
| OCF / Net Profit | -9.50 | 0.43 | -0.73 | 7.66 | 4.93 | 1.91 | 0.03 | 2.63 | -0.14 | 0.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 26 | 28 | 24 | 7 | -2 |
| OCF / Net Profit | -9.50 | 0.43 | -0.73 | 7.66 | 4.93 | 1.91 | 0.03 | 2.63 | -0.14 | 0.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 26 | 28 | 24 | 7 | -2 |
Mar 2016
- 2
- Cash from Investing
- -2
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- -9.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -9.50
- Cumulative 5-Year FCF
- 0
Mar 2017
- -1
- Cash from Investing
- 1
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
Mar 2018
- 6
- Cash from Investing
- -0
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 6
- OCF / Net Profit
- -0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.73
- Cumulative 5-Year FCF
- 0
Mar 2019
- 8
- Cash from Investing
- -3
- Cash from Financing
- -4
- 2
- Free Cash Flow
- 8
- OCF / Net Profit
- 7.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.66
- Cumulative 5-Year FCF
- 0
Mar 2020
- 5
- Cash from Investing
- -4
- Cash from Financing
- -4
- -2
- Free Cash Flow
- 5
- OCF / Net Profit
- 4.93
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- 4.93
- Cumulative 5-Year FCF
- 18
Mar 2021
- 9
- Cash from Investing
- -0
- Cash from Financing
- -7
- 2
- Free Cash Flow
- 8
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 26
Mar 2022
- 0
- Cash from Investing
- 8
- Cash from Financing
- -0
- 8
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- 28
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- 28
Mar 2023
- 16
- Cash from Investing
- -24
- Cash from Financing
- -1
- -9
- Free Cash Flow
- 2
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 24
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 24
Mar 2024
- -3
- Cash from Investing
- 3
- Cash from Financing
- -0
- 0
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 7
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 7
Mar 2025
- 17
- Cash from Investing
- -14
- Cash from Financing
- -1
- 1
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.72
- Cumulative 5-Year FCF
- -2
- OCF / Net Profit
- 0.72
- Cumulative 5-Year FCF
- -2
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -0.13 | -0.93 | -5.04 | 0.63 | 0.57 | 2.32 | 6.58 | 3.21 | 9.24 | 34.15 |
| Book Value (₹) | 17.50 | 15.89 | 9.96 | 10.11 | 12.30 | 13.27 | 24.74 | 22.79 | 33.15 | 44.60 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.04 | -0.67 | -4.38 | 0.82 | 0.82 | 2.57 | 6.82 | 3.70 | 9.86 | 12.64 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 3.13% | 6.45% | 15.10% | 18.30% | 20.50% | 50.40% | 96.36% | 43.56% | 58.73% | 68.74% |
| Net Margin % | -0.60% | -8.42% | -76.75% | 8.84% | 9.09% | 35.33% | 83.05% | 34.92% | 65.05% | 53.18% |
| ROE % | -0.72% | -5.59% | -38.97% | 6.25% | 5.35% | 18.13% | 34.61% | 13.51% | 33.76% | 31.16% |
| ROCE % | 1.75% | -0.92% | -17.42% | 4.60% | 5.13% | 15.16% | 29.70% | 13.18% | 42.45% | 43.18% |
| -0.33% | -2.58% | -17.11% | 2.30% | 2.45% | 9.99% | 22.54% | 9.57% | 25.50% | 24.46% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 200 | 320 | 235 | 128 | 100 | 51 | 25 | 36 | 45 | 50 |
| Inventory Days | 86 | 167 | 245 | 137 | 83 | 70 | 79 | 87 | 68 | 75 |
| Payable Days | 171 | 406 | 98 | 7 | 19 | 12 | 61 | 388 | 349 | 41 |
| 114 | 81 | 381 | 258 | 164 | 109 | 42 | -265 | -237 | 84 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.60x | 0.70x | 1.31x | 1.14x | 0.72x | 0.44x | 0.24x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.87x | -0.36x | -6.45x | 1.78x | 2.52x | 17.75x | 326.98x | 36.77x | 32.29x | 44.35x |
| 1.37x | 1.98x | 3.32x | 1.80x | 2.71x | 5.96x | 5.40x | 1.10x | 5.13x | 3.07x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.87% | -47.11% | -40.83% | 8.03% | -1.97% | 3.86% | 20.69% | 16.03% | 57.95% | 56.92% |
| Operating Profit Growth % | -51.91% | 8.85% | 38.59% | 30.96% | 9.81% | 155.33% | 130.74% | -47.54% | 206.98% | 40.85% |
| Net Profit Growth % | -123.69% | -639.67% | -439.44% | 112.44% | 0.81% | 303.56% | 183.68% | -51.21% | 194.23% | 28.29% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 187.86% | 269.61% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 55.48x | 19.66x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.46x | 15.05x |
| 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 | 41.64x | 38.69x |
Mar 2016
- EPS (₹)
- -0.13
- Book Value (₹)
- 17.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.04
- Operating Margin %
- 3.13%
- Net Margin %
- -0.60%
- ROE %
- -0.72%
- ROCE %
- 1.75%
- -0.33%
- Debtor Days
- 200
- Inventory Days
- 86
- Payable Days
- 171
- 114
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 0.87x
- 1.37x
- Revenue Growth %
- 18.87%
- Operating Profit Growth %
- -51.91%
- Net Profit Growth %
- -123.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.93
- Book Value (₹)
- 15.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.67
- Operating Margin %
- 6.45%
- Net Margin %
- -8.42%
- ROE %
- -5.59%
- ROCE %
- -0.92%
- -2.58%
- Debtor Days
- 320
- Inventory Days
- 167
- Payable Days
- 406
- 81
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- -0.36x
- 1.98x
- Revenue Growth %
- -47.11%
- Operating Profit Growth %
- 8.85%
- Net Profit Growth %
- -639.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -5.04
- Book Value (₹)
- 9.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.38
- Operating Margin %
- 15.10%
- Net Margin %
- -76.75%
- ROE %
- -38.97%
- ROCE %
- -17.42%
- -17.11%
- Debtor Days
- 235
- Inventory Days
- 245
- Payable Days
- 98
- 381
- Debt to Equity (x)
- 1.31x
- Interest Coverage (x)
- -6.45x
- 3.32x
- Revenue Growth %
- -40.83%
- Operating Profit Growth %
- 38.59%
- Net Profit Growth %
- -439.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.63
- Book Value (₹)
- 10.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.82
- Operating Margin %
- 18.30%
- Net Margin %
- 8.84%
- ROE %
- 6.25%
- ROCE %
- 4.60%
- 2.30%
- Debtor Days
- 128
- Inventory Days
- 137
- Payable Days
- 7
- 258
- Debt to Equity (x)
- 1.14x
- Interest Coverage (x)
- 1.78x
- 1.80x
- Revenue Growth %
- 8.03%
- Operating Profit Growth %
- 30.96%
- Net Profit Growth %
- 112.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.57
- Book Value (₹)
- 12.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.82
- Operating Margin %
- 20.50%
- Net Margin %
- 9.09%
- ROE %
- 5.35%
- ROCE %
- 5.13%
- 2.45%
- Debtor Days
- 100
- Inventory Days
- 83
- Payable Days
- 19
- 164
- Debt to Equity (x)
- 0.72x
- Interest Coverage (x)
- 2.52x
- 2.71x
- Revenue Growth %
- -1.97%
- Operating Profit Growth %
- 9.81%
- Net Profit Growth %
- 0.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.32
- Book Value (₹)
- 13.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.57
- Operating Margin %
- 50.40%
- Net Margin %
- 35.33%
- ROE %
- 18.13%
- ROCE %
- 15.16%
- 9.99%
- Debtor Days
- 51
- Inventory Days
- 70
- Payable Days
- 12
- 109
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 17.75x
- 5.96x
- Revenue Growth %
- 3.86%
- Operating Profit Growth %
- 155.33%
- Net Profit Growth %
- 303.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 6.58
- Book Value (₹)
- 24.74
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.82
- Operating Margin %
- 96.36%
- Net Margin %
- 83.05%
- ROE %
- 34.61%
- ROCE %
- 29.70%
- 22.54%
- Debtor Days
- 25
- Inventory Days
- 79
- Payable Days
- 61
- 42
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 326.98x
- 5.40x
- Revenue Growth %
- 20.69%
- Operating Profit Growth %
- 130.74%
- Net Profit Growth %
- 183.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.21
- Book Value (₹)
- 22.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.70
- Operating Margin %
- 43.56%
- Net Margin %
- 34.92%
- ROE %
- 13.51%
- ROCE %
- 13.18%
- 9.57%
- Debtor Days
- 36
- Inventory Days
- 87
- Payable Days
- 388
- -265
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 36.77x
- 1.10x
- Revenue Growth %
- 16.03%
- Operating Profit Growth %
- -47.54%
- Net Profit Growth %
- -51.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 9.24
- Book Value (₹)
- 33.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.86
- Operating Margin %
- 58.73%
- Net Margin %
- 65.05%
- ROE %
- 33.76%
- ROCE %
- 42.45%
- 25.50%
- Debtor Days
- 45
- Inventory Days
- 68
- Payable Days
- 349
- -237
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 32.29x
- 5.13x
- Revenue Growth %
- 57.95%
- Operating Profit Growth %
- 206.98%
- Net Profit Growth %
- 194.23%
- 187.86%
- P/E (x)
- 55.48x
- P/B (x)
- 15.46x
- Dividend Yield %
- 0.00%
- 41.64x
Mar 2025
- EPS (₹)
- 34.15
- Book Value (₹)
- 44.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.64
- Operating Margin %
- 68.74%
- Net Margin %
- 53.18%
- ROE %
- 31.16%
- ROCE %
- 43.18%
- 24.46%
- Debtor Days
- 50
- Inventory Days
- 75
- Payable Days
- 41
- 84
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 44.35x
- 3.07x
- Revenue Growth %
- 56.92%
- Operating Profit Growth %
- 40.85%
- Net Profit Growth %
- 28.29%
- 269.61%
- P/E (x)
- 19.66x
- P/B (x)
- 15.05x
- Dividend Yield %
- 0.00%
- 38.69x
Documents
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