Empire Industries Ltd.
•₹ 1,1920.77%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Trading & Indenting: 48.0% • Manufacturing: 33.6% • Others: 13.4% • Property Development: 5.0%
PROS
- Company has delivered good profit growth of 31.3% CAGR over last 5 years
- Latest quarter profit grew 47.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.84x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Stock looks reasonably valued - P/E of 9.7 is below its historical median
CONS
- A large part of profit comes from other income (30.7% of PBT)
- Effective tax rate is unusually low at 14.3% - earnings may be flattered
- Growth is decelerating - 3Y profit CAGR (13.2%) trails the 5Y trend (31.3%)
* 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. | GRASIM | 3295.05 | 39.39 | 224254.70 | 0.30 | 3846.28 | 39.00 | 48716.20 | 21.43 | 9.72 | 22.94 |
| 2. | 3MINDIA | 33522.50 | 61.77 | 37763.33 | 1.51 | 157.15 | 21.62 | 1046.57 | -0.29 | 51.87 | 19.63 |
| 3. | DCMSHRIRAM | 1078.00 | 11.73 | 16810.58 | 1.04 | 693.44 | 509.24 | 3784.67 | 9.96 | 11.72 | 8.93 |
| 4. | HNDFDS | 654.30 | 50.93 | 7927.68 | 0.00 | 42.76 | 34.76 | 1201.08 | 20.75 | 14.89 | 8.35 |
| 5. | BALMLAWRIE | 173.60 | 10.64 | 2968.63 | 0.00 | 709.33 | 953.17 | 7487.32 | 1000.01 | 15.34 | 15.26 |
| 6. | KOTIC | 144.00 | 0.00 | 1555.51 | 0.00 | -28.90 | — | 52.44 | 98.47 | -16.89 | -42.58 |
| 7. | TTKHLTCARE | 1079.65 | 0.00 | 1525.58 | 0.93 | 21.28 | 63.68 | 257.56 | 13.75 | 7.72 | 5.72 |
| 8. | EMPIND | 1184.30 | 181.02 | 710.58 | 2.11 | 141.75 | 1372.73 | 1836.02 | 1000.72 | 18.16 | 10.77 |
| 9. | GILLANDERS | 94.01 | 11.51 | 200.64 | 0.00 | 2.52 | 146.16 | 91.34 | 3.34 | 6.08 | 7.01 |
| 10. | ASPINWALL | 246.55 | 12.25 | 192.76 | 2.64 | -0.70 | 78.59 | 113.18 | 25.76 | 8.42 | 0.96 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148 | 154 | 153 | 152 | 152 | 163 | 176 | 186 | 167 | 180 | 189 | 195 | 184 | |
| 132 | 135 | 146 | 129 | 135 | 144 | 158 | 170 | 151 | 159 | 171 | 162 | 172 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 3 | 15 | 5 | 3 | 4 | 5 | 3 | 3 | 5 | 5 | 6 | 6 |
| Interest | 6 | 8 | 5 | 8 | 5 | 7 | 7 | 8 | 5 | 8 | 6 | 10 | 5 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 |
| 8 | 10 | 12 | 15 | 11 | 11 | 12 | 6 | 10 | 14 | 12 | 24 | 17 | |
| Tax % | 24.63% | 19.88% | 16.37% | 17.42% | 9.35% | 13.26% | 8.68% | 31.69% | 6.60% | 9.63% | 11.68% | 21.47% | 17.47% |
| Net Profit | 6 | 8 | 10 | 13 | 10 | 10 | 11 | 4 | 10 | 12 | 11 | 19 | 14 |
| 10 | 13 | 17 | 21 | 16 | 16 | 18 | 7 | 16 | 21 | 18 | 32 | 2 | |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 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
- 148
- 132
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 4
- 8
- Tax %
- 24.63%
- Net Profit
- 6
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 154
- 135
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 8
- Depreciation
- 4
- 10
- Tax %
- 19.88%
- Net Profit
- 8
- 13
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 153
- 146
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 5
- Depreciation
- 4
- 12
- Tax %
- 16.37%
- Net Profit
- 10
- 17
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 152
- 129
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 8
- Depreciation
- 4
- 15
- Tax %
- 17.42%
- Net Profit
- 13
- 21
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 152
- 135
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 4
- 11
- Tax %
- 9.35%
- Net Profit
- 10
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 163
- 144
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 4
- 11
- Tax %
- 13.26%
- Net Profit
- 10
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 176
- 158
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 7
- Depreciation
- 4
- 12
- Tax %
- 8.68%
- Net Profit
- 11
- 18
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 186
- 170
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 8
- Depreciation
- 5
- 6
- Tax %
- 31.69%
- Net Profit
- 4
- 7
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 167
- 151
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 4
- 10
- Tax %
- 6.60%
- Net Profit
- 10
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 180
- 159
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 8
- Depreciation
- 4
- 14
- Tax %
- 9.63%
- Net Profit
- 12
- 21
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 189
- 171
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 6
- Depreciation
- 4
- 12
- Tax %
- 11.68%
- Net Profit
- 11
- 18
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 195
- 162
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 10
- Depreciation
- 4
- 24
- Tax %
- 21.47%
- Net Profit
- 19
- 32
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 184
- 172
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 5
- Depreciation
- 4
- 17
- Tax %
- 17.47%
- Net Profit
- 14
- 2
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 405 | 473 | 526 | 575 | 490 | 544 | 682 | 606 | 677 | 731 | 748 | |
| 338 | 411 | 467 | 500 | 447 | 485 | 603 | 542 | 607 | 644 | 666 | |
| Operating Profit | 73 | 89 | 91 | 93 | 67 | 69 | 93 | 89 | 85 | 105 | — |
| OPM % | 18 | 19 | 17 | 16 | 14 | 13 | 14 | 15 | 12 | 14 | — |
| Other Income | 6 | 27 | 33 | 19 | 23 | 10 | 15 | 25 | 15 | 18 | 21 |
| Interest | 14 | 16 | 20 | 32 | 35 | 27 | 33 | 27 | 27 | 28 | 28 |
| Depreciation | 9 | 13 | 11 | 15 | 19 | 15 | 17 | 16 | 17 | 16 | 17 |
| 50 | 60 | 61 | 40 | 13 | 28 | 43 | 46 | 40 | 60 | 67 | |
| Tax % | 32 | 22 | 28 | 15 | -4 | 14 | 17 | 19 | 14 | 14 | 16 |
| Net Profit | 34 | 47 | 44 | 34 | 13 | 24 | 36 | 37 | 34 | 52 | 56 |
| EPS | 0 | 0 | 0 | 0 | 22 | 39 | 59 | 62 | 57 | 86 | — |
| Dividend Payout % | 44 | 32 | 34 | 44 | 114 | 63 | 42 | 41 | 44 | 29 | — |
| 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 | 57 | 78 | 73 | 57 | 22 | 39 | 59 | 62 | 57 | 86 | — |
| 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 | 57 | 78 | 73 | 57 | 22 | 39 | 59 | 62 | 57 | 86 | — |
Mar 2017
- 405
- 338
- Operating Profit
- 73
- OPM %
- 18
- Other Income
- 6
- Interest
- 14
- Depreciation
- 9
- 50
- Tax %
- 32
- Net Profit
- 34
- EPS
- 0
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
Mar 2018
- 473
- 411
- Operating Profit
- 89
- OPM %
- 19
- Other Income
- 27
- Interest
- 16
- Depreciation
- 13
- 60
- Tax %
- 22
- Net Profit
- 47
- EPS
- 0
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 78
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 78
Mar 2019
- 526
- 467
- Operating Profit
- 91
- OPM %
- 17
- Other Income
- 33
- Interest
- 20
- Depreciation
- 11
- 61
- Tax %
- 28
- Net Profit
- 44
- EPS
- 0
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 73
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 73
Mar 2020
- 575
- 500
- Operating Profit
- 93
- OPM %
- 16
- Other Income
- 19
- Interest
- 32
- Depreciation
- 15
- 40
- Tax %
- 15
- Net Profit
- 34
- EPS
- 0
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
Mar 2021
- 490
- 447
- Operating Profit
- 67
- OPM %
- 14
- Other Income
- 23
- Interest
- 35
- Depreciation
- 19
- 13
- Tax %
- -4
- Net Profit
- 13
- EPS
- 22
- Dividend Payout %
- 114
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
Mar 2022
- 544
- 485
- Operating Profit
- 69
- OPM %
- 13
- Other Income
- 10
- Interest
- 27
- Depreciation
- 15
- 28
- Tax %
- 14
- Net Profit
- 24
- EPS
- 39
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
Mar 2023
- 682
- 603
- Operating Profit
- 93
- OPM %
- 14
- Other Income
- 15
- Interest
- 33
- Depreciation
- 17
- 43
- Tax %
- 17
- Net Profit
- 36
- EPS
- 59
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 59
Mar 2024
- 606
- 542
- Operating Profit
- 89
- OPM %
- 15
- Other Income
- 25
- Interest
- 27
- Depreciation
- 16
- 46
- Tax %
- 19
- Net Profit
- 37
- EPS
- 62
- Dividend Payout %
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 62
Mar 2025
- 677
- 607
- Operating Profit
- 85
- OPM %
- 12
- Other Income
- 15
- Interest
- 27
- Depreciation
- 17
- 40
- Tax %
- 14
- Net Profit
- 34
- EPS
- 57
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 57
Mar 2026
- 731
- 644
- Operating Profit
- 105
- OPM %
- 14
- Other Income
- 18
- Interest
- 28
- Depreciation
- 16
- 60
- Tax %
- 14
- Net Profit
- 52
- EPS
- 86
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
TTM
- 748
- 666
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 28
- Depreciation
- 17
- 67
- Tax %
- 16
- Net Profit
- 56
- 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:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- 31%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 12%
- 3 Years:
- 13%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 177 | 206 | 231 | 228 | 241 | 250 | 277 | 294 | 308 | 345 | |
| 61 | 90 | 97 | 119 | 81 | 69 | 54 | 91 | 75 | 97 | |
| Trade Payables | 25 | 25 | 30 | 32 | 18 | 17 | 40 | 30 | 39 | 42 |
| 275 | 261 | 313 | 398 | 367 | 365 | 363 | 303 | 323 | 324 | |
| Total Liabilities | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 724 | 751 | 815 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 215 | 217 | 213 | 317 | 303 | 352 | 317 | 315 | 304 | 301 | |
| Capital Work in Progress | 0 | 57 | 103 | 72 | 75 | 9 | 9 | 0 | 0 | 2 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 29 | 11 | 59 | |
| 127 | 105 | 144 | 183 | 133 | 108 | 110 | 106 | 96 | 143 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160 | 140 | 136 | |
| Cash & Bank | 98 | 86 | 42 | 32 | 48 | 53 | 74 | 79 | 132 | 120 |
| 104 | 122 | 176 | 181 | 154 | 185 | 229 | 34 | 66 | 54 | |
| Total Assets | 544 | 587 | 677 | 784 | 713 | 707 | 740 | 724 | 751 | 815 |
| Total Debt | 130 | 182 | 225 | 292 | 231 | 221 | 170 | 160 | 143 | 165 |
| Net Working Capital | 175 | 112 | 136 | 135 | 102 | 136 | 178 | 117 | 166 | 193 |
| Contingent Liabilities | 34 | 5 | 5 | 3 | 7 | 7 | 6 | 6 | 7 | 7 |
| Book Value per Share | 305.27 | 353.49 | 395.63 | 389.52 | 411.74 | 426.18 | 472.35 | 500.36 | 523.43 | 585.78 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 130 | 182 | 225 | 292 | 231 | 221 | 170 | 160 | 143 | 165 |
| Net Working Capital | 175 | 112 | 136 | 135 | 102 | 136 | 178 | 117 | 166 | 193 |
| Contingent Liabilities | 34 | 5 | 5 | 3 | 7 | 7 | 6 | 6 | 7 | 7 |
| Book Value per Share | 305.27 | 353.49 | 395.63 | 389.52 | 411.74 | 426.18 | 472.35 | 500.36 | 523.43 | 585.78 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 6
- 177
- 61
- Trade Payables
- 25
- 275
- Total Liabilities
- 544
- 215
- Capital Work in Progress
- 0
- 0
- 127
- 0
- Cash & Bank
- 98
- 104
- Total Assets
- 544
- Total Debt
- 130
- Net Working Capital
- 175
- Contingent Liabilities
- 34
- Book Value per Share
- 305.27
- Face Value
- 10.00
- Total Debt
- 130
- Net Working Capital
- 175
- Contingent Liabilities
- 34
- Book Value per Share
- 305.27
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 6
- 206
- 90
- Trade Payables
- 25
- 261
- Total Liabilities
- 587
- 217
- Capital Work in Progress
- 57
- 0
- 105
- 0
- Cash & Bank
- 86
- 122
- Total Assets
- 587
- Total Debt
- 182
- Net Working Capital
- 112
- Contingent Liabilities
- 5
- Book Value per Share
- 353.49
- Face Value
- 10.00
- Total Debt
- 182
- Net Working Capital
- 112
- Contingent Liabilities
- 5
- Book Value per Share
- 353.49
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 6
- 231
- 97
- Trade Payables
- 30
- 313
- Total Liabilities
- 677
- 213
- Capital Work in Progress
- 103
- 0
- 144
- 0
- Cash & Bank
- 42
- 176
- Total Assets
- 677
- Total Debt
- 225
- Net Working Capital
- 136
- Contingent Liabilities
- 5
- Book Value per Share
- 395.63
- Face Value
- 10.00
- Total Debt
- 225
- Net Working Capital
- 136
- Contingent Liabilities
- 5
- Book Value per Share
- 395.63
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 6
- 228
- 119
- Trade Payables
- 32
- 398
- Total Liabilities
- 784
- 317
- Capital Work in Progress
- 72
- 0
- 183
- 0
- Cash & Bank
- 32
- 181
- Total Assets
- 784
- Total Debt
- 292
- Net Working Capital
- 135
- Contingent Liabilities
- 3
- Book Value per Share
- 389.52
- Face Value
- 10.00
- Total Debt
- 292
- Net Working Capital
- 135
- Contingent Liabilities
- 3
- Book Value per Share
- 389.52
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 6
- 241
- 81
- Trade Payables
- 18
- 367
- Total Liabilities
- 713
- 303
- Capital Work in Progress
- 75
- 0
- 133
- 0
- Cash & Bank
- 48
- 154
- Total Assets
- 713
- Total Debt
- 231
- Net Working Capital
- 102
- Contingent Liabilities
- 7
- Book Value per Share
- 411.74
- Face Value
- 10.00
- Total Debt
- 231
- Net Working Capital
- 102
- Contingent Liabilities
- 7
- Book Value per Share
- 411.74
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 6
- 250
- 69
- Trade Payables
- 17
- 365
- Total Liabilities
- 707
- 352
- Capital Work in Progress
- 9
- 0
- 108
- 0
- Cash & Bank
- 53
- 185
- Total Assets
- 707
- Total Debt
- 221
- Net Working Capital
- 136
- Contingent Liabilities
- 7
- Book Value per Share
- 426.18
- Face Value
- 10.00
- Total Debt
- 221
- Net Working Capital
- 136
- Contingent Liabilities
- 7
- Book Value per Share
- 426.18
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 6
- 277
- 54
- Trade Payables
- 40
- 363
- Total Liabilities
- 740
- 317
- Capital Work in Progress
- 9
- 1
- 110
- 0
- Cash & Bank
- 74
- 229
- Total Assets
- 740
- Total Debt
- 170
- Net Working Capital
- 178
- Contingent Liabilities
- 6
- Book Value per Share
- 472.35
- Face Value
- 10.00
- Total Debt
- 170
- Net Working Capital
- 178
- Contingent Liabilities
- 6
- Book Value per Share
- 472.35
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 6
- 294
- 91
- Trade Payables
- 30
- 303
- Total Liabilities
- 724
- 315
- Capital Work in Progress
- 0
- 29
- 106
- 160
- Cash & Bank
- 79
- 34
- Total Assets
- 724
- Total Debt
- 160
- Net Working Capital
- 117
- Contingent Liabilities
- 6
- Book Value per Share
- 500.36
- Face Value
- 10.00
- Total Debt
- 160
- Net Working Capital
- 117
- Contingent Liabilities
- 6
- Book Value per Share
- 500.36
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 6
- 308
- 75
- Trade Payables
- 39
- 323
- Total Liabilities
- 751
- 304
- Capital Work in Progress
- 0
- 11
- 96
- 140
- Cash & Bank
- 132
- 66
- Total Assets
- 751
- Total Debt
- 143
- Net Working Capital
- 166
- Contingent Liabilities
- 7
- Book Value per Share
- 523.43
- Face Value
- 10.00
- Total Debt
- 143
- Net Working Capital
- 166
- Contingent Liabilities
- 7
- Book Value per Share
- 523.43
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 6
- 345
- 97
- Trade Payables
- 42
- 324
- Total Liabilities
- 815
- 301
- Capital Work in Progress
- 2
- 59
- 143
- 136
- Cash & Bank
- 120
- 54
- Total Assets
- 815
- Total Debt
- 165
- Net Working Capital
- 193
- Contingent Liabilities
- 7
- Book Value per Share
- 585.78
- Face Value
- 10.00
- Total Debt
- 165
- Net Working Capital
- 193
- Contingent Liabilities
- 7
- Book Value per Share
- 585.78
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 20 | -13 | 40 | 103 | 53 | 79 | 75 | 92 | 59 | |
| Cash from Investing | -3 | -49 | -34 | -45 | -4 | -2 | 29 | -15 | 17 | -51 |
| Cash from Financing | -24 | 17 | 5 | -5 | -82 | -45 | -89 | -52 | -59 | -20 |
| 21 | -12 | -41 | -11 | 17 | 6 | 19 | 7 | 50 | -13 | |
| Free Cash Flow | 43 | -44 | -61 | -15 | 92 | 53 | 79 | 71 | 89 | 49 |
| OCF / Net Profit | 1.41 | 0.43 | -0.29 | 1.16 | 7.81 | 2.23 | 2.23 | 2.02 | 2.68 | 1.14 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 15 | 25 | 148 | 280 | 385 | 341 |
| OCF / Net Profit | 1.41 | 0.43 | -0.29 | 1.16 | 7.81 | 2.23 | 2.23 | 2.02 | 2.68 | 1.14 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 15 | 25 | 148 | 280 | 385 | 341 |
Mar 2017
- 48
- Cash from Investing
- -3
- Cash from Financing
- -24
- 21
- Free Cash Flow
- 43
- OCF / Net Profit
- 1.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.41
- Cumulative 5-Year FCF
- 0
Mar 2018
- 20
- Cash from Investing
- -49
- Cash from Financing
- 17
- -12
- Free Cash Flow
- -44
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 0
Mar 2019
- -13
- Cash from Investing
- -34
- Cash from Financing
- 5
- -41
- Free Cash Flow
- -61
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- 0
Mar 2020
- 40
- Cash from Investing
- -45
- Cash from Financing
- -5
- -11
- Free Cash Flow
- -15
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
Mar 2021
- 103
- Cash from Investing
- -4
- Cash from Financing
- -82
- 17
- Free Cash Flow
- 92
- OCF / Net Profit
- 7.81
- Cumulative 5-Year FCF
- 15
- OCF / Net Profit
- 7.81
- Cumulative 5-Year FCF
- 15
Mar 2022
- 53
- Cash from Investing
- -2
- Cash from Financing
- -45
- 6
- Free Cash Flow
- 53
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 25
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 25
Mar 2023
- 79
- Cash from Investing
- 29
- Cash from Financing
- -89
- 19
- Free Cash Flow
- 79
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 148
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 148
Mar 2024
- 75
- Cash from Investing
- -15
- Cash from Financing
- -52
- 7
- Free Cash Flow
- 71
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 280
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 280
Mar 2025
- 92
- Cash from Investing
- 17
- Cash from Financing
- -59
- 50
- Free Cash Flow
- 89
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 385
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 385
Mar 2026
- 59
- Cash from Investing
- -51
- Cash from Financing
- -20
- -13
- Free Cash Flow
- 49
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 341
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 341
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 56.79 | 77.79 | 73.06 | 56.96 | 22.01 | 39.49 | 59.21 | 61.67 | 57.42 | 85.91 |
| Book Value (₹) | 305.27 | 353.49 | 395.63 | 389.52 | 411.74 | 426.18 | 472.35 | 500.36 | 523.43 | 585.78 |
| Dividend per Share (₹) | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Cash EPS (₹) | 71.72 | 98.68 | 90.85 | 81.93 | 53.76 | 63.92 | 87.81 | 89.12 | 86.16 | 113.25 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 14.12% | 18.66% | 17.38% | 16.20% | 13.58% | 12.75% | 13.66% | 10.58% | 10.29% | 11.86% |
| Net Margin % | 6.59% | 9.80% | 8.33% | 5.95% | 2.69% | 4.36% | 5.21% | 6.11% | 5.09% | 7.05% |
| ROE % | 20.46% | 23.62% | 19.50% | 14.51% | 5.49% | 9.43% | 13.18% | 12.68% | 11.22% | 15.49% |
| ROCE % | 21.25% | 21.59% | 18.85% | 14.53% | 9.47% | 11.45% | 16.33% | 15.87% | 14.68% | 18.16% |
| 6.49% | 8.25% | 6.93% | 4.68% | 1.76% | 3.34% | 4.91% | 5.06% | 4.67% | 6.58% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 54 | 64 | 72 | 72 | 73 | 70 | 85 | 107 | 81 | 69 |
| Inventory Days | 82 | 89 | 86 | 104 | 118 | 81 | 58 | 65 | 55 | 60 |
| Payable Days | 100 | 63 | 46 | 49 | 48 | 41 | 42 | 59 | 49 | 52 |
| 36 | 91 | 113 | 126 | 142 | 110 | 102 | 113 | 87 | 76 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.71x | 0.86x | 0.95x | 1.25x | 0.94x | 0.87x | 0.60x | 0.53x | 0.46x | 0.47x |
| Interest Coverage (x) | 4.70x | 4.69x | 4.10x | 2.27x | 1.36x | 2.02x | 2.29x | 2.71x | 2.47x | 3.13x |
| 2.21x | 1.59x | 1.66x | 1.58x | 1.48x | 1.72x | 1.81x | 1.47x | 1.75x | 1.79x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.21% | 16.81% | 11.18% | 9.22% | -14.70% | 10.97% | 25.28% | -11.09% | 11.71% | 8.01% |
| Operating Profit Growth % | 10.48% | 21.84% | 2.88% | 1.81% | -28.47% | 4.13% | 34.25% | -4.48% | -4.94% | 24.46% |
| Net Profit Growth % | 11.17% | 36.99% | -6.08% | -22.03% | -61.35% | 79.39% | 49.93% | 4.16% | -6.90% | 49.63% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% | -6.90% | 49.63% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.46x | 18.23x | 9.69x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.78x | 2.00x | 1.42x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.80% | 2.39% | 3.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.92x | 7.56x | 5.18x |
Mar 2017
- EPS (₹)
- 56.79
- Book Value (₹)
- 305.27
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 71.72
- Operating Margin %
- 14.12%
- Net Margin %
- 6.59%
- ROE %
- 20.46%
- ROCE %
- 21.25%
- 6.49%
- Debtor Days
- 54
- Inventory Days
- 82
- Payable Days
- 100
- 36
- Debt to Equity (x)
- 0.71x
- Interest Coverage (x)
- 4.70x
- 2.21x
- Revenue Growth %
- 5.21%
- Operating Profit Growth %
- 10.48%
- Net Profit Growth %
- 11.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 77.79
- Book Value (₹)
- 353.49
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 98.68
- Operating Margin %
- 18.66%
- Net Margin %
- 9.80%
- ROE %
- 23.62%
- ROCE %
- 21.59%
- 8.25%
- Debtor Days
- 64
- Inventory Days
- 89
- Payable Days
- 63
- 91
- Debt to Equity (x)
- 0.86x
- Interest Coverage (x)
- 4.69x
- 1.59x
- Revenue Growth %
- 16.81%
- Operating Profit Growth %
- 21.84%
- Net Profit Growth %
- 36.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 73.06
- Book Value (₹)
- 395.63
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 90.85
- Operating Margin %
- 17.38%
- Net Margin %
- 8.33%
- ROE %
- 19.50%
- ROCE %
- 18.85%
- 6.93%
- Debtor Days
- 72
- Inventory Days
- 86
- Payable Days
- 46
- 113
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- 4.10x
- 1.66x
- Revenue Growth %
- 11.18%
- Operating Profit Growth %
- 2.88%
- Net Profit Growth %
- -6.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 56.96
- Book Value (₹)
- 389.52
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 81.93
- Operating Margin %
- 16.20%
- Net Margin %
- 5.95%
- ROE %
- 14.51%
- ROCE %
- 14.53%
- 4.68%
- Debtor Days
- 72
- Inventory Days
- 104
- Payable Days
- 49
- 126
- Debt to Equity (x)
- 1.25x
- Interest Coverage (x)
- 2.27x
- 1.58x
- Revenue Growth %
- 9.22%
- Operating Profit Growth %
- 1.81%
- Net Profit Growth %
- -22.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 22.01
- Book Value (₹)
- 411.74
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 53.76
- Operating Margin %
- 13.58%
- Net Margin %
- 2.69%
- ROE %
- 5.49%
- ROCE %
- 9.47%
- 1.76%
- Debtor Days
- 73
- Inventory Days
- 118
- Payable Days
- 48
- 142
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- 1.36x
- 1.48x
- Revenue Growth %
- -14.70%
- Operating Profit Growth %
- -28.47%
- Net Profit Growth %
- -61.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 39.49
- Book Value (₹)
- 426.18
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 63.92
- Operating Margin %
- 12.75%
- Net Margin %
- 4.36%
- ROE %
- 9.43%
- ROCE %
- 11.45%
- 3.34%
- Debtor Days
- 70
- Inventory Days
- 81
- Payable Days
- 41
- 110
- Debt to Equity (x)
- 0.87x
- Interest Coverage (x)
- 2.02x
- 1.72x
- Revenue Growth %
- 10.97%
- Operating Profit Growth %
- 4.13%
- Net Profit Growth %
- 79.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 59.21
- Book Value (₹)
- 472.35
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 87.81
- Operating Margin %
- 13.66%
- Net Margin %
- 5.21%
- ROE %
- 13.18%
- ROCE %
- 16.33%
- 4.91%
- Debtor Days
- 85
- Inventory Days
- 58
- Payable Days
- 42
- 102
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 2.29x
- 1.81x
- Revenue Growth %
- 25.28%
- Operating Profit Growth %
- 34.25%
- Net Profit Growth %
- 49.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 61.67
- Book Value (₹)
- 500.36
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 89.12
- Operating Margin %
- 10.58%
- Net Margin %
- 6.11%
- ROE %
- 12.68%
- ROCE %
- 15.87%
- 5.06%
- Debtor Days
- 107
- Inventory Days
- 65
- Payable Days
- 59
- 113
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 2.71x
- 1.47x
- Revenue Growth %
- -11.09%
- Operating Profit Growth %
- -4.48%
- Net Profit Growth %
- 4.16%
- 4.16%
- P/E (x)
- 14.46x
- P/B (x)
- 1.78x
- Dividend Yield %
- 2.80%
- 6.92x
Mar 2025
- EPS (₹)
- 57.42
- Book Value (₹)
- 523.43
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 86.16
- Operating Margin %
- 10.29%
- Net Margin %
- 5.09%
- ROE %
- 11.22%
- ROCE %
- 14.68%
- 4.67%
- Debtor Days
- 81
- Inventory Days
- 55
- Payable Days
- 49
- 87
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 2.47x
- 1.75x
- Revenue Growth %
- 11.71%
- Operating Profit Growth %
- -4.94%
- Net Profit Growth %
- -6.90%
- -6.90%
- P/E (x)
- 18.23x
- P/B (x)
- 2.00x
- Dividend Yield %
- 2.39%
- 7.56x
Mar 2026
- EPS (₹)
- 85.91
- Book Value (₹)
- 585.78
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 113.25
- Operating Margin %
- 11.86%
- Net Margin %
- 7.05%
- ROE %
- 15.49%
- ROCE %
- 18.16%
- 6.58%
- Debtor Days
- 69
- Inventory Days
- 60
- Payable Days
- 52
- 76
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 3.13x
- 1.79x
- Revenue Growth %
- 8.01%
- Operating Profit Growth %
- 24.46%
- Net Profit Growth %
- 49.63%
- 49.63%
- P/E (x)
- 9.69x
- P/B (x)
- 1.42x
- Dividend Yield %
- 3.00%
- 5.18x
Documents
Announcements
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Annual Reports
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Concalls
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