Eco Recycling Ltd.
•₹ 454.75-1.41%
2026-08-21
PROS
- Company has delivered good profit growth of 83.4% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 33.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
- Company has delivered good sales growth of 29.2% CAGR over last 5 years
CONS
- Operating margins have contracted to 70.5% from 96.1%
- Stock is trading at 15.8x its book value
- Growth is decelerating - 3Y profit CAGR (23.2%) trails the 5Y trend (83.4%)
- Expensive relative to growth - PEG of 2.4
- Rich enterprise valuation - EV/EBITDA of 38.5x
* 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 | 1996.75 | 31.59 | 12475.33 | 0.25 | 90.10 | 36.93 | 886.80 | 20.82 | 21.22 | 9.59 |
| 2. | IONEXCHANG | 368.40 | 55.09 | 5403.20 | 0.34 | 3.06 | -93.68 | 700.46 | 20.11 | 13.46 | 4.59 |
| 3. | AWHCL | 383.40 | 18.62 | 1088.17 | 0.13 | 0.75 | -96.74 | 260.99 | 5.52 | 13.11 | 14.25 |
| 4. | ECORECO | 457.25 | 37.30 | 896.06 | 0.00 | 9.17 | 13.35 | 16.19 | 75.22 | 43.18 | 56.27 |
| 5. | CEWATER | 259.75 | 0.00 | 537.58 | 0.00 | -175.69 | -4365.36 | 853.47 | 733.53 | 15.16 | -18.72 |
| 6. | RACE | 103.45 | 23.73 | 178.53 | 0.00 | 1.03 | 150.00 | 191.06 | 21.91 | 10.23 | 1.99 |
| 7. | BANKA | 78.00 | 239.68 | 85.56 | 0.00 | -0.04 | -295.00 | 10.55 | -5.29 | -8.20 | 17.27 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 3 | 0 | 1 | 1 | 0 |
| 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 |
| 4 | 5 | 6 | 4 | 9 | 9 | 6 | 8 | 8 | 7 | 4 | 13 | 9 | |
| Tax % | 7.44% | 10.41% | 17.00% | 36.19% | 17.02% | 17.00% | 15.73% | 59.29% | 11.83% | 10.30% | 56.70% | 30.37% | 21.84% |
| Net Profit | 4 | 5 | 5 | 3 | 7 | 7 | 5 | 3 | 7 | 6 | 2 | 9 | 7 |
| 2 | 2 | 3 | 1 | 4 | 4 | 3 | 2 | 3 | 3 | 1 | 5 | 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
- 1
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 7.44%
- Net Profit
- 4
- 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
- 1
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 10.41%
- Net Profit
- 5
- 2
- 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
- 1
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 17.00%
- Net Profit
- 5
- 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
- 4
- Tax %
- 36.19%
- Net Profit
- 3
- 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
- 1
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 17.02%
- Net Profit
- 7
- 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
- 0
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 17.00%
- Net Profit
- 7
- 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 %
- 15.73%
- 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
- 1
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 59.29%
- Net Profit
- 3
- 2
- 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
- 3
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 11.83%
- Net Profit
- 7
- 3
- 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 %
- 10.30%
- 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 %
- 56.70%
- 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
- 13
- Tax %
- 30.37%
- Net Profit
- 9
- 5
- 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
- 0
- Interest
- 0
- Depreciation
- 1
- 9
- Tax %
- 21.84%
- Net Profit
- 7
- 0
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 20
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 19 | 12 | 12 | 12 | 13 | 15 | 18 | 28 | 44 | 55 | |
| 36 | 18 | 12 | 11 | 11 | 12 | 12 | 14 | 12 | 13 | 23 | |
| Operating Profit | 2 | 2 | 2 | 2 | 3 | 6 | 15 | 8 | 21 | 34 | — |
| OPM % | 4 | 10 | 18 | 20 | 21 | 50 | 96 | 43 | 75 | 76 | — |
| Other Income | 1 | 0 | 3 | 1 | 1 | 6 | 12 | 4 | 5 | 3 | 2 |
| 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 | -1 | -8 | 1 | 1 | 5 | 14 | 7 | 20 | 32 | 33 | |
| Tax % | 38 | 5 | 0 | -31 | 9 | 20 | 11 | 6 | 17 | 27 | 27 |
| Net Profit | 0 | -1 | -8 | 1 | 1 | 4 | 12 | 6 | 16 | 23 | 24 |
| EPS | 0 | -1 | -5 | 1 | 1 | 2 | 6 | 3 | 8 | 12 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -1 | -4 | 1 | 1 | 2 | 6 | 3 | 8 | 12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -1 | -4 | 1 | 1 | 2 | 6 | 3 | 8 | 12 | — |
Mar 2016
- 37
- 36
- Operating Profit
- 2
- OPM %
- 4
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 38
- 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
- 2
- OPM %
- 10
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -1
- Tax %
- 5
- 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 2018
- 12
- 12
- Operating Profit
- 2
- OPM %
- 18
- Other Income
- 3
- Interest
- 1
- Depreciation
- 0
- -8
- Tax %
- 0
- Net Profit
- -8
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
Mar 2019
- 12
- 11
- Operating Profit
- 2
- OPM %
- 20
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 1
- 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 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
- 5
- 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
- 12
- EPS
- 6
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2023
- 18
- 14
- Operating Profit
- 8
- OPM %
- 43
- 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
- 21
- OPM %
- 75
- Other Income
- 5
- Interest
- 1
- Depreciation
- 1
- 20
- Tax %
- 17
- Net Profit
- 16
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 44
- 13
- Operating Profit
- 34
- OPM %
- 76
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- 32
- Tax %
- 27
- Net Profit
- 23
- EPS
- 12
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
TTM
- 55
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 33
- Tax %
- 27
- 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:
- 43%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 38%
- 5 Years:
- 83%
- 3 Years:
- 23%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 27%
- 3 Years:
- 26%
- Last Year:
- 33%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 |
| 14 | 11 | 7 | 8 | 6 | 14 | 32 | 29 | 46 | 69 | |
| 9 | 10 | 5 | 3 | 2 | 0 | 1 | 0 | 0 | 0 | |
| Trade Payables | 22 | 4 | 0 | 0 | 0 | 0 | 2 | 11 | 0 | 1 |
| 11 | 13 | 18 | 17 | 17 | 12 | 13 | 3 | 12 | 18 | |
| Total Liabilities | 74 | 55 | 48 | 46 | 45 | 45 | 67 | 62 | 78 | 108 |
| 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 |
| 8 | 3 | 4 | 4 | 4 | 8 | 21 | 16 | 16 | 10 | |
| 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 | 0 | 0 | 0 | 10 | 0 | 1 | 2 |
| 35 | 20 | 15 | 17 | 16 | 13 | 11 | 8 | 11 | 17 | |
| Total Assets | 74 | 55 | 48 | 46 | 45 | 45 | 67 | 62 | 78 | 108 |
| Total Debt | 19 | 20 | 20 | 18 | 16 | 9 | 10 | 0 | 0 | 0 |
| Net Working Capital | 8 | 11 | 11 | 6 | 6 | 8 | 21 | -5 | 18 | 21 |
| Contingent Liabilities | 1 | 14 | 14 | 13 | 3 | 3 | 3 | 1 | 1 | 1 |
| Book Value per Share | 17.72 | 16.45 | 10.74 | 11.02 | 9.94 | 14.05 | 23.20 | 21.63 | 30.68 | 42.55 |
| 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 | 20 | 18 | 16 | 9 | 10 | 0 | 0 | 0 |
| Net Working Capital | 8 | 11 | 11 | 6 | 6 | 8 | 21 | -5 | 18 | 21 |
| Contingent Liabilities | 1 | 14 | 14 | 13 | 3 | 3 | 3 | 1 | 1 | 1 |
| Book Value per Share | 17.72 | 16.45 | 10.74 | 11.02 | 9.94 | 14.05 | 23.20 | 21.63 | 30.68 | 42.55 |
| 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
- 14
- 9
- Trade Payables
- 22
- 11
- Total Liabilities
- 74
- 14
- Capital Work in Progress
- 8
- 8
- 9
- 0
- Cash & Bank
- 0
- 35
- Total Assets
- 74
- Total Debt
- 19
- Net Working Capital
- 8
- Contingent Liabilities
- 1
- Book Value per Share
- 17.72
- Face Value
- 10.00
- Total Debt
- 19
- Net Working Capital
- 8
- Contingent Liabilities
- 1
- Book Value per Share
- 17.72
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 18
- 11
- 10
- Trade Payables
- 4
- 13
- Total Liabilities
- 55
- 14
- Capital Work in Progress
- 9
- 3
- 9
- 0
- Cash & Bank
- 0
- 20
- Total Assets
- 55
- Total Debt
- 20
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 16.45
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 16.45
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 18
- 7
- 5
- Trade Payables
- 0
- 18
- Total Liabilities
- 48
- 22
- Capital Work in Progress
- 0
- 4
- 6
- 0
- Cash & Bank
- 0
- 15
- Total Assets
- 48
- Total Debt
- 20
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 10.74
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 11
- Contingent Liabilities
- 14
- Book Value per Share
- 10.74
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 18
- 8
- 3
- Trade Payables
- 0
- 17
- Total Liabilities
- 46
- 22
- Capital Work in Progress
- 0
- 4
- 3
- 0
- Cash & Bank
- 0
- 17
- Total Assets
- 46
- Total Debt
- 18
- Net Working Capital
- 6
- Contingent Liabilities
- 13
- Book Value per Share
- 11.02
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 6
- Contingent Liabilities
- 13
- Book Value per Share
- 11.02
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 19
- 6
- 2
- Trade Payables
- 0
- 17
- Total Liabilities
- 45
- 22
- Capital Work in Progress
- 0
- 4
- 3
- 0
- Cash & Bank
- 0
- 16
- Total Assets
- 45
- Total Debt
- 16
- Net Working Capital
- 6
- Contingent Liabilities
- 3
- Book Value per Share
- 9.94
- Face Value
- 10.00
- Total Debt
- 16
- Net Working Capital
- 6
- Contingent Liabilities
- 3
- Book Value per Share
- 9.94
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 19
- 14
- 0
- Trade Payables
- 0
- 12
- Total Liabilities
- 45
- 22
- Capital Work in Progress
- 0
- 8
- 2
- 0
- Cash & Bank
- 0
- 13
- Total Assets
- 45
- Total Debt
- 9
- Net Working Capital
- 8
- Contingent Liabilities
- 3
- Book Value per Share
- 14.05
- Face Value
- 10.00
- Total Debt
- 9
- Net Working Capital
- 8
- Contingent Liabilities
- 3
- Book Value per Share
- 14.05
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 19
- 32
- 1
- Trade Payables
- 2
- 13
- Total Liabilities
- 67
- 20
- Capital Work in Progress
- 0
- 21
- 4
- 0
- Cash & Bank
- 10
- 11
- Total Assets
- 67
- Total Debt
- 10
- Net Working Capital
- 21
- Contingent Liabilities
- 3
- Book Value per Share
- 23.20
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 21
- Contingent Liabilities
- 3
- Book Value per Share
- 23.20
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 19
- 29
- 0
- Trade Payables
- 11
- 3
- Total Liabilities
- 62
- 34
- Capital Work in Progress
- 0
- 16
- 4
- 0
- Cash & Bank
- 0
- 8
- Total Assets
- 62
- Total Debt
- 0
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 21.63
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -5
- Contingent Liabilities
- 1
- Book Value per Share
- 21.63
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 19
- 46
- 0
- Trade Payables
- 0
- 12
- Total Liabilities
- 78
- 39
- Capital Work in Progress
- 0
- 16
- 6
- 4
- Cash & Bank
- 1
- 11
- Total Assets
- 78
- Total Debt
- 0
- Net Working Capital
- 18
- Contingent Liabilities
- 1
- Book Value per Share
- 30.68
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 18
- Contingent Liabilities
- 1
- Book Value per Share
- 30.68
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 19
- 69
- 0
- Trade Payables
- 1
- 18
- Total Liabilities
- 108
- 59
- Capital Work in Progress
- 0
- 10
- 12
- 8
- Cash & Bank
- 2
- 17
- Total Assets
- 108
- Total Debt
- 0
- Net Working Capital
- 21
- Contingent Liabilities
- 1
- Book Value per Share
- 42.55
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 21
- Contingent Liabilities
- 1
- Book Value per Share
- 42.55
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -1 | 1 | 7 | 6 | 7 | 1 | 17 | -2 | 16 | |
| Cash from Investing | -3 | 1 | 0 | -3 | -4 | -0 | 8 | -25 | 3 | -13 |
| Cash from Financing | 1 | -0 | -1 | -4 | -2 | -7 | 0 | -0 | 0 | -1 |
| 0 | -0 | 0 | -0 | 0 | 0 | 8 | -9 | 0 | 2 | |
| Free Cash Flow | 1 | -2 | 1 | 7 | 5 | 7 | 1 | 2 | -9 | -5 |
| OCF / Net Profit | 14.18 | 0.58 | -0.09 | 5.06 | 4.90 | 1.64 | 0.04 | 2.68 | -0.13 | 0.68 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 11 | 17 | 20 | 21 | 6 | -3 |
| OCF / Net Profit | 14.18 | 0.58 | -0.09 | 5.06 | 4.90 | 1.64 | 0.04 | 2.68 | -0.13 | 0.68 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 11 | 17 | 20 | 21 | 6 | -3 |
Mar 2016
- 2
- Cash from Investing
- -3
- Cash from Financing
- 1
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- 14.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 14.18
- Cumulative 5-Year FCF
- 0
Mar 2017
- -1
- Cash from Investing
- 1
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.58
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1
- Cash from Investing
- 0
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 0
Mar 2019
- 7
- Cash from Investing
- -3
- Cash from Financing
- -4
- -0
- Free Cash Flow
- 7
- OCF / Net Profit
- 5.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.06
- Cumulative 5-Year FCF
- 0
Mar 2020
- 6
- Cash from Investing
- -4
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 5
- OCF / Net Profit
- 4.90
- Cumulative 5-Year FCF
- 11
- OCF / Net Profit
- 4.90
- Cumulative 5-Year FCF
- 11
Mar 2021
- 7
- Cash from Investing
- -0
- Cash from Financing
- -7
- 0
- Free Cash Flow
- 7
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 17
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 17
Mar 2022
- 1
- Cash from Investing
- 8
- Cash from Financing
- 0
- 8
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 20
- OCF / Net Profit
- 0.04
- Cumulative 5-Year FCF
- 20
Mar 2023
- 17
- Cash from Investing
- -25
- Cash from Financing
- -0
- -9
- Free Cash Flow
- 2
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 21
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 21
Mar 2024
- -2
- Cash from Investing
- 3
- Cash from Financing
- 0
- 0
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 6
- OCF / Net Profit
- -0.13
- Cumulative 5-Year FCF
- 6
Mar 2025
- 16
- Cash from Investing
- -13
- Cash from Financing
- -1
- 2
- Free Cash Flow
- -5
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- -3
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.09 | -0.56 | -4.81 | 0.75 | 0.58 | 2.27 | 6.47 | 3.20 | 8.39 | 12.09 |
| Book Value (₹) | 17.72 | 16.45 | 10.74 | 11.02 | 9.94 | 14.05 | 23.20 | 21.63 | 30.68 | 42.55 |
| 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 (₹) | 0.24 | -0.33 | -4.18 | 0.92 | 0.82 | 2.51 | 6.72 | 3.68 | 8.81 | 12.61 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 4.17% | 9.80% | 18.47% | 19.95% | 20.51% | 50.42% | 96.13% | 43.19% | 58.86% | 70.48% |
| Net Margin % | 0.44% | -5.02% | -73.29% | 10.60% | 9.21% | 34.59% | 82.71% | 34.79% | 57.81% | 53.09% |
| ROE % | 0.52% | -3.26% | -35.39% | 6.91% | 5.83% | 18.92% | 34.76% | 14.26% | 32.09% | 33.03% |
| ROCE % | 2.51% | 0.44% | -16.50% | 5.30% | 5.61% | 16.43% | 30.91% | 14.00% | 40.23% | 46.10% |
| 0.23% | -1.51% | -16.35% | 2.81% | 2.48% | 9.74% | 22.34% | 9.60% | 23.23% | 25.17% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 200 | 320 | 235 | 128 | 100 | 51 | 25 | 28 | 40 | 50 |
| Inventory Days | 86 | 167 | 245 | 137 | 83 | 70 | 80 | 87 | 68 | 75 |
| Payable Days | 171 | 406 | 98 | 7 | 19 | 12 | 61 | 385 | 342 | 38 |
| 115 | 81 | 381 | 258 | 164 | 109 | 44 | -269 | -234 | 87 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.61x | 0.69x | 1.08x | 0.92x | 0.85x | 0.35x | 0.22x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 1.26x | 0.18x | -6.11x | 1.99x | 2.53x | 13.37x | 322.36x | 36.45x | 28.61x | 48.90x |
| 1.25x | 1.68x | 2.99x | 2.50x | 2.17x | 5.29x | 5.21x | 0.65x | 4.46x | 2.54x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.60% | -47.02% | -40.80% | 8.03% | -1.97% | 3.86% | 19.26% | 17.40% | 57.97% | 56.92% |
| Operating Profit Growth % | -36.09% | 24.53% | 11.51% | 16.71% | 0.77% | 155.28% | 127.39% | -47.25% | 175.52% | 59.11% |
| Net Profit Growth % | -82.90% | -710.15% | -765.11% | 115.62% | -14.80% | 289.93% | 185.20% | -50.62% | 162.52% | 44.11% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 162.52% | 44.10% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 61.07x | 55.51x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.71x | 15.78x |
| 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 | 46.83x | 38.52x |
Mar 2016
- EPS (₹)
- 0.09
- Book Value (₹)
- 17.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.24
- Operating Margin %
- 4.17%
- Net Margin %
- 0.44%
- ROE %
- 0.52%
- ROCE %
- 2.51%
- 0.23%
- Debtor Days
- 200
- Inventory Days
- 86
- Payable Days
- 171
- 115
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- 1.26x
- 1.25x
- Revenue Growth %
- 18.60%
- Operating Profit Growth %
- -36.09%
- Net Profit Growth %
- -82.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.56
- Book Value (₹)
- 16.45
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.33
- Operating Margin %
- 9.80%
- Net Margin %
- -5.02%
- ROE %
- -3.26%
- ROCE %
- 0.44%
- -1.51%
- Debtor Days
- 320
- Inventory Days
- 167
- Payable Days
- 406
- 81
- Debt to Equity (x)
- 0.69x
- Interest Coverage (x)
- 0.18x
- 1.68x
- Revenue Growth %
- -47.02%
- Operating Profit Growth %
- 24.53%
- Net Profit Growth %
- -710.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -4.81
- Book Value (₹)
- 10.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.18
- Operating Margin %
- 18.47%
- Net Margin %
- -73.29%
- ROE %
- -35.39%
- ROCE %
- -16.50%
- -16.35%
- Debtor Days
- 235
- Inventory Days
- 245
- Payable Days
- 98
- 381
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- -6.11x
- 2.99x
- Revenue Growth %
- -40.80%
- Operating Profit Growth %
- 11.51%
- Net Profit Growth %
- -765.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.75
- Book Value (₹)
- 11.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.92
- Operating Margin %
- 19.95%
- Net Margin %
- 10.60%
- ROE %
- 6.91%
- ROCE %
- 5.30%
- 2.81%
- Debtor Days
- 128
- Inventory Days
- 137
- Payable Days
- 7
- 258
- Debt to Equity (x)
- 0.92x
- Interest Coverage (x)
- 1.99x
- 2.50x
- Revenue Growth %
- 8.03%
- Operating Profit Growth %
- 16.71%
- Net Profit Growth %
- 115.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.58
- Book Value (₹)
- 9.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.82
- Operating Margin %
- 20.51%
- Net Margin %
- 9.21%
- ROE %
- 5.83%
- ROCE %
- 5.61%
- 2.48%
- Debtor Days
- 100
- Inventory Days
- 83
- Payable Days
- 19
- 164
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 2.53x
- 2.17x
- Revenue Growth %
- -1.97%
- Operating Profit Growth %
- 0.77%
- Net Profit Growth %
- -14.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.27
- Book Value (₹)
- 14.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.51
- Operating Margin %
- 50.42%
- Net Margin %
- 34.59%
- ROE %
- 18.92%
- ROCE %
- 16.43%
- 9.74%
- Debtor Days
- 51
- Inventory Days
- 70
- Payable Days
- 12
- 109
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 13.37x
- 5.29x
- Revenue Growth %
- 3.86%
- Operating Profit Growth %
- 155.28%
- Net Profit Growth %
- 289.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 6.47
- Book Value (₹)
- 23.20
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.72
- Operating Margin %
- 96.13%
- Net Margin %
- 82.71%
- ROE %
- 34.76%
- ROCE %
- 30.91%
- 22.34%
- Debtor Days
- 25
- Inventory Days
- 80
- Payable Days
- 61
- 44
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 322.36x
- 5.21x
- Revenue Growth %
- 19.26%
- Operating Profit Growth %
- 127.39%
- Net Profit Growth %
- 185.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.20
- Book Value (₹)
- 21.63
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.68
- Operating Margin %
- 43.19%
- Net Margin %
- 34.79%
- ROE %
- 14.26%
- ROCE %
- 14.00%
- 9.60%
- Debtor Days
- 28
- Inventory Days
- 87
- Payable Days
- 385
- -269
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 36.45x
- 0.65x
- Revenue Growth %
- 17.40%
- Operating Profit Growth %
- -47.25%
- Net Profit Growth %
- -50.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.39
- Book Value (₹)
- 30.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.81
- Operating Margin %
- 58.86%
- Net Margin %
- 57.81%
- ROE %
- 32.09%
- ROCE %
- 40.23%
- 23.23%
- Debtor Days
- 40
- Inventory Days
- 68
- Payable Days
- 342
- -234
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 28.61x
- 4.46x
- Revenue Growth %
- 57.97%
- Operating Profit Growth %
- 175.52%
- Net Profit Growth %
- 162.52%
- 162.52%
- P/E (x)
- 61.07x
- P/B (x)
- 16.71x
- Dividend Yield %
- 0.00%
- 46.83x
Mar 2025
- EPS (₹)
- 12.09
- Book Value (₹)
- 42.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.61
- Operating Margin %
- 70.48%
- Net Margin %
- 53.09%
- ROE %
- 33.03%
- ROCE %
- 46.10%
- 25.17%
- Debtor Days
- 50
- Inventory Days
- 75
- Payable Days
- 38
- 87
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 48.90x
- 2.54x
- Revenue Growth %
- 56.92%
- Operating Profit Growth %
- 59.11%
- Net Profit Growth %
- 44.11%
- 44.10%
- P/E (x)
- 55.51x
- P/B (x)
- 15.78x
- Dividend Yield %
- 0.00%
- 38.52x
Documents
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Annual Reports
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