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/E0.0

Book Value₹ 56

Price to Book3.06

Dividend Yield0.00 %

ROCE17.9 %

ROE13.3 %

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 37.9%
Company has a healthy return on capital (ROCE) of 30.2%
Company comfortably covers its interest (12.2x coverage)
Company converts assets efficiently - asset turnover of 2.4x

CONS

A large part of profit comes from other income (31.8% 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 -0.24x)
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

EDIT COLUMNS

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

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2026
	611
	536
Operating Profit	—
OPM %	—
Other Income	19
Interest	1
Depreciation	3
	94
Tax %	26.91%
Net Profit	68
	5
Equity Capital	132
Reserves	0
Promoter Pledge %	0.00%
Equity Capital	132
Reserves	0
Promoter Pledge %	0.00%

Jun 2026

: 611
: 536
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 1
Depreciation: 3
: 94
Tax %: 26.91%
Net Profit: 68
: 5
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 132
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	44	69	95	137	225
	44	67	89	128	217
Operating Profit	0	2	6	10	11
OPM %	0	3	7	7	5
Other Income	0	0	0	0	3
Interest	1	1	1	2	1
Depreciation	0	1	1	1	1
	-1	1	4	7	9
Tax %	4	-20	32	27	25
Net Profit	-1	1	3	5	7
EPS	-13	9	40	4	5
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	-1	1	4	4	5
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	-1	1	4	4	5

Mar 2021

: 44
: 44
Operating Profit: 0
OPM %: 0
Other Income: 0
Interest: 1
Depreciation: 0
: -1
Tax %: 4
Net Profit: -1
EPS: -13
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2022

: 69
: 67
Operating Profit: 2
OPM %: 3
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: -20
Net Profit: 1
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

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

: 137
: 128
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

: 225
: 217
Operating Profit: 11
OPM %: 5
Other Income: 3
Interest: 1
Depreciation: 1
: 9
Tax %: 25
Net Profit: 7
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

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 49%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 112%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 18%
3 Years:: 38%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	1	1	1	12	13
	1	2	5	24	54
	3	4	7	3	0
Trade Payables	9	15	10	29	41
	4	5	6	6	6
Total Liabilities	17	26	29	75	115
ASSETS	-	-	-	-	-
	1	2	2	1	2
	0	0	0	0	5
	6	6	9	14	19
	0	0	0	39	53
Cash & Bank	0	0	1	16	31
	10	18	18	4	4
Total Assets	17	26	29	75	115
Total Debt	6	8	11	5	1
Net Working Capital	4	5	7	37	62
Contingent Liabilities	0	0	0	0	0
Book Value per Share	23.22	32.65	72.12	29.74	51.18
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	6	8	11	5	1
Net Working Capital	4	5	7	37	62
Contingent Liabilities	0	0	0	0	0
Book Value per Share	23.22	32.65	72.12	29.74	51.18
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 1
: 1
: 3
Trade Payables: 9
: 4
Total Liabilities: 17
: 1
: 0
: 6
: 0
Cash & Bank: 0
: 10
Total Assets: 17
Total Debt: 6
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 23.22
Face Value: 10.00
Total Debt: 6
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 23.22
Face Value: 10.00

Mar 2022

Equity Capital: 1
: 2
: 4
Trade Payables: 15
: 5
Total Liabilities: 26
: 2
: 0
: 6
: 0
Cash & Bank: 0
: 18
Total Assets: 26
Total Debt: 8
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 32.65
Face Value: 10.00
Total Debt: 8
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 32.65
Face Value: 10.00

Mar 2023

Equity Capital: 1
: 5
: 7
Trade Payables: 10
: 6
Total Liabilities: 29
: 2
: 0
: 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
: 24
: 3
Trade Payables: 29
: 6
Total Liabilities: 75
: 1
: 0
: 14
: 39
Cash & Bank: 16
: 4
Total Assets: 75
Total Debt: 5
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 29.74
Face Value: 10.00
Total Debt: 5
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 29.74
Face Value: 10.00

Mar 2025

Equity Capital: 13
: 54
: 0
Trade Payables: 41
: 6
Total Liabilities: 115
: 2
: 5
: 19
: 53
Cash & Bank: 31
: 4
Total Assets: 115
Total Debt: 1
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 51.18
Face Value: 10.00
Total Debt: 1
Net Working Capital: 62
Contingent Liabilities: 0
Book Value per Share: 51.18
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0	1	-2	-2	0
Cash from Investing	-1	-1	-0	-1	-5
Cash from Financing	-2	1	2	18	20
	-3	-0	0	16	15
Free Cash Flow	-0	-1	-2	-2	-1
OCF / Net Profit	0.22	1.11	-0.61	-0.35	0.01
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	0.22	1.11	-0.61	-0.35	0.01
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: -0
Cash from Investing: -1
Cash from Financing: -2
: -3
Free Cash Flow: -0
OCF / Net Profit: 0.22
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.22
Cumulative 5-Year FCF: 0

Mar 2022

: 1
Cash from Investing: -1
Cash from Financing: 1
: -0
Free Cash Flow: -1
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.11
Cumulative 5-Year FCF: 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

: -2
Cash from Investing: -1
Cash from Financing: 18
: 16
Free Cash Flow: -2
OCF / Net Profit: -0.35
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.35
Cumulative 5-Year FCF: 0

Mar 2025

: 0
Cash from Investing: -5
Cash from Financing: 20
: 15
Free Cash Flow: -1
OCF / Net Profit: 0.01
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.01
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	-13.10	9.43	39.50	4.29	5.26
Book Value (₹)	23.22	32.65	72.12	29.74	51.18
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-0.67	1.63	4.50	4.84	5.84
PROFITABILITY	-	-	-	-	-
Operating Margin %	0.26%	2.95%	6.72%	6.91%	3.46%
Net Margin %	-2.28%	1.06%	3.20%	3.85%	3.06%
ROE %	-56.42%	33.77%	75.41%	25.06%	13.28%
ROCE %	-4.00%	14.95%	41.75%	30.92%	17.85%
	-5.82%	3.38%	11.18%	10.25%	7.27%
EFFICIENCY	-	-	-	-	-
Debtor Days	72	64	54	68	75
Inventory Days	48	31	28	30	27
Payable Days	87	75	61	65	67
	33	20	21	34	35
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	3.56x	3.09x	2.00x	0.14x	0.01x
Interest Coverage (x)	-0.45x	1.78x	4.86x	5.08x	12.20x
	1.32x	1.24x	1.37x	2.06x	2.38x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	55.40%	38.06%	45.23%	63.74%
Operating Profit Growth %	0.00%	1662.72%	214.48%	53.01%	9.82%
Net Profit Growth %	0.00%	172.01%	318.78%	74.88%	30.01%
	0.00%	0.00%	0.00%	-89.15%	22.72%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	38.86x	29.80x
P/B (x)	0.00x	0.00x	0.00x	5.60x	3.06x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	20.00x	16.32x

Mar 2021

EPS (₹): -13.10
Book Value (₹): 23.22
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.67
Operating Margin %: 0.26%
Net Margin %: -2.28%
ROE %: -56.42%
ROCE %: -4.00%
: -5.82%
Debtor Days: 72
Inventory Days: 48
Payable Days: 87
: 33
Debt to Equity (x): 3.56x
Interest Coverage (x): -0.45x
: 1.32x
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 2022

EPS (₹): 9.43
Book Value (₹): 32.65
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.63
Operating Margin %: 2.95%
Net Margin %: 1.06%
ROE %: 33.77%
ROCE %: 14.95%
: 3.38%
Debtor Days: 64
Inventory Days: 31
Payable Days: 75
: 20
Debt to Equity (x): 3.09x
Interest Coverage (x): 1.78x
: 1.24x
Revenue Growth %: 55.40%
Operating Profit Growth %: 1662.72%
Net Profit Growth %: 172.01%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

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 %: 75.41%
ROCE %: 41.75%
: 11.18%
Debtor Days: 54
Inventory Days: 28
Payable Days: 61
: 21
Debt to Equity (x): 2.00x
Interest Coverage (x): 4.86x
: 1.37x
Revenue Growth %: 38.06%
Operating Profit Growth %: 214.48%
Net Profit Growth %: 318.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 4.29
Book Value (₹): 29.74
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.84
Operating Margin %: 6.91%
Net Margin %: 3.85%
ROE %: 25.06%
ROCE %: 30.92%
: 10.25%
Debtor Days: 68
Inventory Days: 30
Payable Days: 65
: 34
Debt to Equity (x): 0.14x
Interest Coverage (x): 5.08x
: 2.06x
Revenue Growth %: 45.23%
Operating Profit Growth %: 53.01%
Net Profit Growth %: 74.88%
: -89.15%
P/E (x): 38.86x
P/B (x): 5.60x
Dividend Yield %: 0.00%
: 20.00x

Mar 2025

EPS (₹): 5.26
Book Value (₹): 51.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.84
Operating Margin %: 3.46%
Net Margin %: 3.06%
ROE %: 13.28%
ROCE %: 17.85%
: 7.27%
Debtor Days: 75
Inventory Days: 27
Payable Days: 67
: 35
Debt to Equity (x): 0.01x
Interest Coverage (x): 12.20x
: 2.38x
Revenue Growth %: 63.74%
Operating Profit Growth %: 9.82%
Net Profit Growth %: 30.01%
: 22.72%
P/E (x): 29.80x
P/B (x): 3.06x
Dividend Yield %: 0.00%
: 16.32x

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