Esconet Technologies Ltd.

•

₹ 184.8-1.36%

2026-08-21

esc.co.inBSE: -NSE: ESCONET

Market Cap₹ 225 Cr.

Current Price₹ 187

High / Low₹ 280 / 91

Stock P/E36.5

Book Value₹ 57

Price to Book3.01

Dividend Yield0.00 %

ROCE20.3 %

ROE15.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
Company has a healthy return on capital (ROCE) of 28.5%
Company comfortably covers its interest (14.0x coverage)
Company converts assets efficiently - asset turnover of 2.4x

CONS

A large part of profit comes from other income (27.8% of PBT)
Promoter holding has decreased over last 2 years: -4.8pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.07x)
Operating cash flow has been negative in recent years
Free cash flow has been persistently negative

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

Peer comparison

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Oil Gas & Consumable FuelsTradingTrading

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.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	ESCONET	170.35	36.52	224.80	0.00	64.95	—	1163.27	—	20.29	7.03

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2026
	1,163
	1,093
Operating Profit	—
OPM %	—
Other Income	19
Interest	1
Depreciation	10
	90
Tax %	27.75%
Net Profit	65
	5
Equity Capital	132
Reserves	0
Promoter Pledge %	0.00%
Equity Capital	132
Reserves	0
Promoter Pledge %	0.00%

Jun 2026

: 1,163
: 1,093
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 1
Depreciation: 10
: 90
Tax %: 27.75%
Net Profit: 65
: 5
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	95	141	230
	89	131	220
Operating Profit	6	10	13
OPM %	7	7	6
Other Income	0	0	3
Interest	1	2	1
Depreciation	1	1	2
	4	7	11
Tax %	32	27	25
Net Profit	3	5	8
EPS	40	4	6
Dividend Payout %	0	0	0
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	4	4	6
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	4	4	6

Mar 2023

: 95
: 89
Operating Profit: 6
OPM %: 7
Other Income: 0
Interest: 1
Depreciation: 1
: 4
Tax %: 32
Net Profit: 3
EPS: 40
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2024

: 141
: 131
Operating Profit: 10
OPM %: 7
Other Income: 0
Interest: 2
Depreciation: 1
: 7
Tax %: 27
Net Profit: 5
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2025

: 230
: 220
Operating Profit: 13
OPM %: 6
Other Income: 3
Interest: 1
Depreciation: 2
: 11
Tax %: 25
Net Profit: 8
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -38%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 32%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	1	12	13
	5	25	55
	7	3	0
Trade Payables	10	29	41
	6	6	7
Total Liabilities	29	75	117
ASSETS	-	-	-
	2	3	5
	9	14	19
	0	37	53
Cash & Bank	1	17	36
	18	4	5
Total Assets	29	75	117
Total Debt	11	5	1
Net Working Capital	7	37	66
Contingent Liabilities	0	0	0
Book Value per Share	72.12	29.85	52.13
Face Value	10.00	10.00	10.00
Total Debt	11	5	1
Net Working Capital	7	37	66
Contingent Liabilities	0	0	0
Book Value per Share	72.12	29.85	52.13
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 1
: 5
: 7
Trade Payables: 10
: 6
Total Liabilities: 29
: 2
: 9
: 0
Cash & Bank: 1
: 18
Total Assets: 29
Total Debt: 11
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 72.12
Face Value: 10.00
Total Debt: 11
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 72.12
Face Value: 10.00

Mar 2024

Equity Capital: 12
: 25
: 3
Trade Payables: 29
: 6
Total Liabilities: 75
: 3
: 14
: 37
Cash & Bank: 17
: 4
Total Assets: 75
Total Debt: 5
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 29.85
Face Value: 10.00
Total Debt: 5
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 29.85
Face Value: 10.00

Mar 2025

Equity Capital: 13
: 55
: 0
Trade Payables: 41
: 7
Total Liabilities: 117
: 5
: 19
: 53
Cash & Bank: 36
: 5
Total Assets: 117
Total Debt: 1
Net Working Capital: 66
Contingent Liabilities: 0
Book Value per Share: 52.13
Face Value: 10.00
Total Debt: 1
Net Working Capital: 66
Contingent Liabilities: 0
Book Value per Share: 52.13
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	-2	-1	2
Cash from Investing	-0	-1	-3
Cash from Financing	2	18	20
	0	15	19
Free Cash Flow	-2	-3	-2
OCF / Net Profit	-0.61	-0.25	0.25
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	-0.61	-0.25	0.25
Cumulative 5-Year FCF	0	0	0

Mar 2023

: -2
Cash from Investing: -0
Cash from Financing: 2
: 0
Free Cash Flow: -2
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: 0

Mar 2024

: -1
Cash from Investing: -1
Cash from Financing: 18
: 15
Free Cash Flow: -3
OCF / Net Profit: -0.25
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.25
Cumulative 5-Year FCF: 0

Mar 2025

: 2
Cash from Investing: -3
Cash from Financing: 20
: 19
Free Cash Flow: -2
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.25
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	39.50	4.39	6.11
Book Value (₹)	72.12	29.85	52.13
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	4.50	5.20	7.34
PROFITABILITY	-	-	-
Operating Margin %	6.72%	7.09%	4.38%
Net Margin %	3.20%	3.86%	3.47%
ROE %	54.78%	25.60%	15.21%
ROCE %	33.79%	31.43%	20.29%
	10.57%	10.48%	8.34%
EFFICIENCY	-	-	-
Debtor Days	49	65	71
Inventory Days	33	30	26
Payable Days	50	64	66
	32	31	32
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	2.00x	0.14x	0.01x
Interest Coverage (x)	4.86x	5.17x	14.03x
	1.37x	2.03x	2.44x
GROWTH	-	-	-
Revenue Growth %	0.00%	48.48%	63.85%
Operating Profit Growth %	0.00%	60.56%	27.71%
Net Profit Growth %	0.00%	79.21%	47.26%
	0.00%	-88.88%	39.01%
VALUATION	-	-	-
P/E (x)	0.00x	37.92x	25.67x
P/B (x)	0.00x	5.58x	3.01x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	19.03x	13.02x

Mar 2023

EPS (₹): 39.50
Book Value (₹): 72.12
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.50
Operating Margin %: 6.72%
Net Margin %: 3.20%
ROE %: 54.78%
ROCE %: 33.79%
: 10.57%
Debtor Days: 49
Inventory Days: 33
Payable Days: 50
: 32
Debt to Equity (x): 2.00x
Interest Coverage (x): 4.86x
: 1.37x
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 2024

EPS (₹): 4.39
Book Value (₹): 29.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.20
Operating Margin %: 7.09%
Net Margin %: 3.86%
ROE %: 25.60%
ROCE %: 31.43%
: 10.48%
Debtor Days: 65
Inventory Days: 30
Payable Days: 64
: 31
Debt to Equity (x): 0.14x
Interest Coverage (x): 5.17x
: 2.03x
Revenue Growth %: 48.48%
Operating Profit Growth %: 60.56%
Net Profit Growth %: 79.21%
: -88.88%
P/E (x): 37.92x
P/B (x): 5.58x
Dividend Yield %: 0.00%
: 19.03x

Mar 2025

EPS (₹): 6.11
Book Value (₹): 52.13
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.34
Operating Margin %: 4.38%
Net Margin %: 3.47%
ROE %: 15.21%
ROCE %: 20.29%
: 8.34%
Debtor Days: 71
Inventory Days: 26
Payable Days: 66
: 32
Debt to Equity (x): 0.01x
Interest Coverage (x): 14.03x
: 2.44x
Revenue Growth %: 63.85%
Operating Profit Growth %: 27.71%
Net Profit Growth %: 47.26%
: 39.01%
P/E (x): 25.67x
P/B (x): 3.01x
Dividend Yield %: 0.00%
: 13.02x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.94	64.94	61.30	61.30	60.82	60.09	60.09	60.19	60.19
	0.34	0.05	0.04	0.04	0.15	0.12	0.12	0.12	0.12
	0.08	0.08	0.07	0.00	0.44	0.41	0.41	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.65	34.93	38.59	38.66	38.58	39.37	39.37	39.69	39.69

Jun 2024

: 64.94
: 0.34
: 0.08
Government: 0.00
: 34.65

Sep 2024

: 64.94
: 0.05
: 0.08
Government: 0.00
: 34.93

Dec 2024

: 61.30
: 0.04
: 0.07
Government: 0.00
: 38.59

Mar 2025

: 61.30
: 0.04
: 0.00
Government: 0.00
: 38.66

Jun 2025

: 60.82
: 0.15
: 0.44
Government: 0.00
: 38.58

Sep 2025

: 60.09
: 0.12
: 0.41
Government: 0.00
: 39.37

Dec 2025

: 60.09
: 0.12
: 0.41
Government: 0.00
: 39.37

Mar 2026

: 60.19
: 0.12
: 0.00
Government: 0.00
: 39.69

Jun 2026

: 60.19
: 0.12
: 0.00
Government: 0.00
: 39.69

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Jun 2026
TranscriptPPTREC
Sep 2025
TranscriptPPTREC
Jun 2025
Transcript PPTREC