Garware Offshore Services Ltd.
•₹ 8-3.09%
2021-03-12
PROS
- Company has a healthy return on capital (ROCE) of 51.3%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.5%
- Operating margins have improved to 17.7% from 6.7%
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.07x)
- Company's sales have been declining over the last five years
- Working capital days have increased from -283 to 336 days
- Equity base is being diluted - shares outstanding up 23.9%
- Effective tax rate is unusually low at 2.1% - earnings may be flattered
* 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. | GESHIP | 1315.85 | 5.01 | 18786.02 | 2.67 | 1308.84 | 159.43 | 2005.36 | 66.91 | 18.37 | 66.71 |
| 2. | SCI | 295.05 | 8.49 | 13743.40 | 2.54 | 619.34 | 74.87 | 1846.56 | 40.31 | 10.05 | 45.35 |
| 3. | SHREEJISPG | 649.00 | 66.18 | 10573.39 | 0.00 | 44.29 | 19.03 | 208.85 | 29.57 | 33.77 | 29.54 |
| 4. | SEAMECLTD | 1635.40 | 16.19 | 4158.00 | 0.12 | 81.34 | 7.32 | 296.92 | 40.77 | 10.08 | 41.74 |
| 5. | DREDGECORP | 1187.80 | 88.58 | 3325.84 | 0.00 | 11.23 | 148.16 | 355.43 | 46.72 | 0.61 | 17.41 |
| 6. | SCILAL | 40.30 | 0.00 | 1877.17 | 1.36 | 14.02 | -2.23 | 7.86 | 37.65 | 1.31 | -13.74 |
| 7. | ESSARSHPNG | 15.84 | 3.60 | 327.85 | 0.00 | 230.41 | 742.14 | 0.04 | -97.63 | 0.00 | -7475.00 |
| 8. | GLOBOFFS | 50.02 | 0.00 | 153.91 | 0.00 | -2.87 | -51.27 | 11.79 | 177.29 | 4.19 | 35.10 |
| 9. | HRYNSHP | 99.55 | 14.88 | 61.39 | 0.00 | 4.42 | 546.41 | 0.00 | — | 3.20 | — |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 11 | 8 | 8 | 8 | 7 | 8 | 9 | 4 | 7 | 12 | 12 | 12 | |
| 18 | 6 | 8 | 9 | 7 | 6 | 7 | 8 | 7 | 5 | 8 | 10 | 15 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | -0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 3 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 2 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 6 |
| -15 | 7 | -3 | 51 | -2 | -2 | 10 | -2 | -2 | 0 | -2 | -5 | -3 | |
| Tax % | -0.14% | 0.29% | -0.29% | 3.79% | -1.01% | -0.97% | 0.31% | -1.09% | -5.56% | 33.33% | -5.82% | -11.16% | -1.77% |
| Net Profit | 0 | 0 | 0 | 0 | -2 | -2 | 10 | -2 | -2 | 0 | -2 | -6 | -3 |
| -5 | 2 | -1 | 19 | -1 | -1 | -4 | -1 | -1 | 0 | -1 | -2 | -0 | |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 26 | 26 | 31 | 31 | 31 | 31 | 31 | 31 |
| 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 | 25 | 25 | 25 | 25 | 25 | 26 | 26 | 31 | 31 | 31 | 31 | 31 | 31 |
| 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
- 13
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 4
- -15
- Tax %
- -0.14%
- Net Profit
- 0
- -5
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 11
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 1
- Depreciation
- 4
- 7
- Tax %
- 0.29%
- Net Profit
- 0
- 2
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 8
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 3
- -3
- Tax %
- -0.29%
- Net Profit
- 0
- -1
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 8
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 3
- 51
- Tax %
- 3.79%
- Net Profit
- 0
- 19
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 8
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 3
- -2
- Tax %
- -1.01%
- Net Profit
- -2
- -1
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 25
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 7
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 3
- -2
- Tax %
- -0.97%
- Net Profit
- -2
- -1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 8
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 3
- 10
- Tax %
- 0.31%
- Net Profit
- 10
- -4
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 9
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 3
- -2
- Tax %
- -1.09%
- Net Profit
- -2
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 4
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 3
- -2
- Tax %
- -5.56%
- Net Profit
- -2
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 7
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 4
- 0
- Tax %
- 33.33%
- Net Profit
- 0
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 12
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 5
- -2
- Tax %
- -5.82%
- Net Profit
- -2
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 12
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 7
- -5
- Tax %
- -11.16%
- Net Profit
- -6
- -2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 12
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 6
- -3
- Tax %
- -1.77%
- Net Profit
- -3
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 372 | 162 | 136 | 128 | 122 | 78 | 65 | 51 | 39 | 33 | 43 | |
| 265 | 206 | 195 | 196 | 97 | 85 | 62 | 64 | 40 | 27 | 37 | |
| Operating Profit | 108 | -42 | -57 | -64 | 27 | -7 | 4 | -13 | 7 | 6 | — |
| OPM % | 29 | -26 | -42 | -50 | 22 | -9 | 7 | -26 | 17 | 19 | — |
| Other Income | 1 | 3 | 2 | 5 | 3 | 1 | 1 | 0 | 8 | 1 | 1 |
| Interest | 62 | 69 | 65 | 81 | 74 | 23 | 24 | 9 | 6 | 2 | 5 |
| Depreciation | 71 | 68 | 61 | 59 | 31 | 30 | 35 | 31 | 15 | 14 | 21 |
| -25 | -165 | -263 | -696 | -9 | 330 | -71 | 384 | 40 | 4 | -9 | |
| Tax % | -1 | -0 | 0 | -0 | 21 | 0 | -0 | 0 | 5 | 2 | -9 |
| Net Profit | -25 | -165 | -262 | -696 | -7 | 329 | -71 | 383 | 38 | 4 | -10 |
| EPS | 0 | 0 | 0 | 0 | -14 | 88 | -25 | 128 | 14 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 14 | 51 | 70 | 202 | -28 | -111 | 9 | -67 | -2 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -5 | -46 | -78 | -200 | -14 | 88 | -25 | 128 | 14 | 1 | — |
| Minority Interest | 14 | 51 | 70 | 202 | -28 | -111 | 9 | -67 | -2 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -5 | -46 | -78 | -200 | -14 | 88 | -25 | 128 | 14 | 1 | — |
Mar 2016
- 372
- 265
- Operating Profit
- 108
- OPM %
- 29
- Other Income
- 1
- Interest
- 62
- Depreciation
- 71
- -25
- Tax %
- -1
- Net Profit
- -25
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2017
- 162
- 206
- Operating Profit
- -42
- OPM %
- -26
- Other Income
- 3
- Interest
- 69
- Depreciation
- 68
- -165
- Tax %
- -0
- Net Profit
- -165
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 51
- Share of Associates
- 0
- Adjusted EPS
- -46
- Minority Interest
- 51
- Share of Associates
- 0
- Adjusted EPS
- -46
Mar 2018
- 136
- 195
- Operating Profit
- -57
- OPM %
- -42
- Other Income
- 2
- Interest
- 65
- Depreciation
- 61
- -263
- Tax %
- 0
- Net Profit
- -262
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 70
- Share of Associates
- 0
- Adjusted EPS
- -78
- Minority Interest
- 70
- Share of Associates
- 0
- Adjusted EPS
- -78
Mar 2019
- 128
- 196
- Operating Profit
- -64
- OPM %
- -50
- Other Income
- 5
- Interest
- 81
- Depreciation
- 59
- -696
- Tax %
- -0
- Net Profit
- -696
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 202
- Share of Associates
- 0
- Adjusted EPS
- -200
- Minority Interest
- 202
- Share of Associates
- 0
- Adjusted EPS
- -200
Mar 2020
- 122
- 97
- Operating Profit
- 27
- OPM %
- 22
- Other Income
- 3
- Interest
- 74
- Depreciation
- 31
- -9
- Tax %
- 21
- Net Profit
- -7
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- -14
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- -14
Mar 2021
- 78
- 85
- Operating Profit
- -7
- OPM %
- -9
- Other Income
- 1
- Interest
- 23
- Depreciation
- 30
- 330
- Tax %
- 0
- Net Profit
- 329
- EPS
- 88
- Dividend Payout %
- 0
- Minority Interest
- -111
- Share of Associates
- 0
- Adjusted EPS
- 88
- Minority Interest
- -111
- Share of Associates
- 0
- Adjusted EPS
- 88
Mar 2022
- 65
- 62
- Operating Profit
- 4
- OPM %
- 7
- Other Income
- 1
- Interest
- 24
- Depreciation
- 35
- -71
- Tax %
- -0
- Net Profit
- -71
- EPS
- -25
- Dividend Payout %
- 0
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- -25
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- -25
Mar 2023
- 51
- 64
- Operating Profit
- -13
- OPM %
- -26
- Other Income
- 0
- Interest
- 9
- Depreciation
- 31
- 384
- Tax %
- 0
- Net Profit
- 383
- EPS
- 128
- Dividend Payout %
- 0
- Minority Interest
- -67
- Share of Associates
- 0
- Adjusted EPS
- 128
- Minority Interest
- -67
- Share of Associates
- 0
- Adjusted EPS
- 128
Mar 2024
- 39
- 40
- Operating Profit
- 7
- OPM %
- 17
- Other Income
- 8
- Interest
- 6
- Depreciation
- 15
- 40
- Tax %
- 5
- Net Profit
- 38
- EPS
- 14
- Dividend Payout %
- 0
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2025
- 33
- 27
- Operating Profit
- 6
- OPM %
- 19
- Other Income
- 1
- Interest
- 2
- Depreciation
- 14
- 4
- Tax %
- 2
- Net Profit
- 4
- 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
TTM
- 43
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 21
- -9
- Tax %
- -9
- Net Profit
- -10
- 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:
- -22%
- 5 Years:
- -23%
- 3 Years:
- -20%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -22%
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -51%
- 3 Years:
- -34%
- 1 Year:
- 131%
RETURN ON EQUITY
- 10 Years:
- -9%
- 5 Years:
- 12%
- 3 Years:
- 20%
- Last Year:
- 3%
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 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 31 |
| 442 | 314 | 121 | -369 | -438 | -212 | -280 | 23 | 58 | 103 | |
| 57 | 184 | 232 | 528 | 653 | 547 | 674 | 147 | 28 | 15 | |
| Trade Payables | 26 | 44 | 50 | 45 | 41 | 24 | 27 | 35 | 10 | 7 |
| 1,246 | 1,122 | 1,051 | 757 | 347 | 194 | 100 | 20 | 22 | 23 | |
| Total Liabilities | 1,795 | 1,689 | 1,478 | 986 | 627 | 578 | 545 | 250 | 143 | 179 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,584 | 1,395 | 1,305 | 839 | 514 | 522 | 495 | 194 | 120 | 116 | |
| 48 | 56 | 52 | 47 | 45 | 20 | 19 | 15 | 10 | 9 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | |
| Cash & Bank | 50 | 31 | 21 | 21 | 12 | 7 | 11 | 7 | 5 | 43 |
| 113 | 208 | 100 | 78 | 56 | 29 | 21 | 34 | 3 | 6 | |
| Total Assets | 1,795 | 1,689 | 1,478 | 986 | 627 | 578 | 545 | 250 | 143 | 179 |
| Total Debt | 1,133 | 1,123 | 1,086 | 1,155 | 1,043 | 678 | 699 | 157 | 35 | 27 |
| Net Working Capital | -62 | -38 | -253 | -611 | -735 | -658 | -818 | -180 | -30 | 30 |
| Contingent Liabilities | 18 | 14 | 20 | 13 | 11 | 7 | 32 | 2 | 2 | 3 |
| Book Value per Share | 188.70 | 137.08 | 58.84 | -139.11 | -167.17 | -75.66 | -103.28 | 19.20 | 33.32 | 43.66 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,133 | 1,123 | 1,086 | 1,155 | 1,043 | 678 | 699 | 157 | 35 | 27 |
| Net Working Capital | -62 | -38 | -253 | -611 | -735 | -658 | -818 | -180 | -30 | 30 |
| Contingent Liabilities | 18 | 14 | 20 | 13 | 11 | 7 | 32 | 2 | 2 | 3 |
| Book Value per Share | 188.70 | 137.08 | 58.84 | -139.11 | -167.17 | -75.66 | -103.28 | 19.20 | 33.32 | 43.66 |
| 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
- 25
- 442
- 57
- Trade Payables
- 26
- 1,246
- Total Liabilities
- 1,795
- 1,584
- 48
- 0
- Cash & Bank
- 50
- 113
- Total Assets
- 1,795
- Total Debt
- 1,133
- Net Working Capital
- -62
- Contingent Liabilities
- 18
- Book Value per Share
- 188.70
- Face Value
- 10.00
- Total Debt
- 1,133
- Net Working Capital
- -62
- Contingent Liabilities
- 18
- Book Value per Share
- 188.70
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 25
- 314
- 184
- Trade Payables
- 44
- 1,122
- Total Liabilities
- 1,689
- 1,395
- 56
- 0
- Cash & Bank
- 31
- 208
- Total Assets
- 1,689
- Total Debt
- 1,123
- Net Working Capital
- -38
- Contingent Liabilities
- 14
- Book Value per Share
- 137.08
- Face Value
- 10.00
- Total Debt
- 1,123
- Net Working Capital
- -38
- Contingent Liabilities
- 14
- Book Value per Share
- 137.08
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 25
- 121
- 232
- Trade Payables
- 50
- 1,051
- Total Liabilities
- 1,478
- 1,305
- 52
- 0
- Cash & Bank
- 21
- 100
- Total Assets
- 1,478
- Total Debt
- 1,086
- Net Working Capital
- -253
- Contingent Liabilities
- 20
- Book Value per Share
- 58.84
- Face Value
- 10.00
- Total Debt
- 1,086
- Net Working Capital
- -253
- Contingent Liabilities
- 20
- Book Value per Share
- 58.84
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 25
- -369
- 528
- Trade Payables
- 45
- 757
- Total Liabilities
- 986
- 839
- 47
- 0
- Cash & Bank
- 21
- 78
- Total Assets
- 986
- Total Debt
- 1,155
- Net Working Capital
- -611
- Contingent Liabilities
- 13
- Book Value per Share
- -139.11
- Face Value
- 10.00
- Total Debt
- 1,155
- Net Working Capital
- -611
- Contingent Liabilities
- 13
- Book Value per Share
- -139.11
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 25
- -438
- 653
- Trade Payables
- 41
- 347
- Total Liabilities
- 627
- 514
- 45
- 0
- Cash & Bank
- 12
- 56
- Total Assets
- 627
- Total Debt
- 1,043
- Net Working Capital
- -735
- Contingent Liabilities
- 11
- Book Value per Share
- -167.17
- Face Value
- 10.00
- Total Debt
- 1,043
- Net Working Capital
- -735
- Contingent Liabilities
- 11
- Book Value per Share
- -167.17
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 25
- -212
- 547
- Trade Payables
- 24
- 194
- Total Liabilities
- 578
- 522
- 20
- 0
- Cash & Bank
- 7
- 29
- Total Assets
- 578
- Total Debt
- 678
- Net Working Capital
- -658
- Contingent Liabilities
- 7
- Book Value per Share
- -75.66
- Face Value
- 10.00
- Total Debt
- 678
- Net Working Capital
- -658
- Contingent Liabilities
- 7
- Book Value per Share
- -75.66
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 25
- -280
- 674
- Trade Payables
- 27
- 100
- Total Liabilities
- 545
- 495
- 19
- 0
- Cash & Bank
- 11
- 21
- Total Assets
- 545
- Total Debt
- 699
- Net Working Capital
- -818
- Contingent Liabilities
- 32
- Book Value per Share
- -103.28
- Face Value
- 10.00
- Total Debt
- 699
- Net Working Capital
- -818
- Contingent Liabilities
- 32
- Book Value per Share
- -103.28
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 25
- 23
- 147
- Trade Payables
- 35
- 20
- Total Liabilities
- 250
- 194
- 15
- 0
- Cash & Bank
- 7
- 34
- Total Assets
- 250
- Total Debt
- 157
- Net Working Capital
- -180
- Contingent Liabilities
- 2
- Book Value per Share
- 19.20
- Face Value
- 10.00
- Total Debt
- 157
- Net Working Capital
- -180
- Contingent Liabilities
- 2
- Book Value per Share
- 19.20
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 25
- 58
- 28
- Trade Payables
- 10
- 22
- Total Liabilities
- 143
- 120
- 10
- 5
- Cash & Bank
- 5
- 3
- Total Assets
- 143
- Total Debt
- 35
- Net Working Capital
- -30
- Contingent Liabilities
- 2
- Book Value per Share
- 33.32
- Face Value
- 10.00
- Total Debt
- 35
- Net Working Capital
- -30
- Contingent Liabilities
- 2
- Book Value per Share
- 33.32
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 103
- 15
- Trade Payables
- 7
- 23
- Total Liabilities
- 179
- 116
- 9
- 5
- Cash & Bank
- 43
- 6
- Total Assets
- 179
- Total Debt
- 27
- Net Working Capital
- 30
- Contingent Liabilities
- 3
- Book Value per Share
- 43.66
- Face Value
- 10.00
- Total Debt
- 27
- Net Working Capital
- 30
- Contingent Liabilities
- 3
- Book Value per Share
- 43.66
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 35 | 0 | 20 | 16 | 23 | 18 | 8 | 12 | 9 | |
| Cash from Investing | -163 | 1 | 34 | -7 | 47 | -10 | -6 | 65 | 81 | -10 |
| Cash from Financing | 70 | -35 | -44 | -19 | -73 | -18 | -9 | -77 | -94 | 39 |
| 11 | 1 | -9 | -6 | -10 | -5 | 3 | -4 | -1 | 38 | |
| Free Cash Flow | -85 | 35 | -4 | -41 | 16 | -2 | -0 | 8 | 12 | 0 |
| OCF / Net Profit | -4.12 | -0.21 | -0.00 | -0.03 | -2.27 | 0.07 | -0.26 | 0.02 | 0.31 | 2.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -78 | 5 | -30 | -19 | 34 | 18 |
| OCF / Net Profit | -4.12 | -0.21 | -0.00 | -0.03 | -2.27 | 0.07 | -0.26 | 0.02 | 0.31 | 2.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -78 | 5 | -30 | -19 | 34 | 18 |
Mar 2016
- 105
- Cash from Investing
- -163
- Cash from Financing
- 70
- 11
- Free Cash Flow
- -85
- OCF / Net Profit
- -4.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.12
- Cumulative 5-Year FCF
- 0
Mar 2017
- 35
- Cash from Investing
- 1
- Cash from Financing
- -35
- 1
- Free Cash Flow
- 35
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
Mar 2018
- 0
- Cash from Investing
- 34
- Cash from Financing
- -44
- -9
- Free Cash Flow
- -4
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.00
- Cumulative 5-Year FCF
- 0
Mar 2019
- 20
- Cash from Investing
- -7
- Cash from Financing
- -19
- -6
- Free Cash Flow
- -41
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
Mar 2020
- 16
- Cash from Investing
- 47
- Cash from Financing
- -73
- -10
- Free Cash Flow
- 16
- OCF / Net Profit
- -2.27
- Cumulative 5-Year FCF
- -78
- OCF / Net Profit
- -2.27
- Cumulative 5-Year FCF
- -78
Mar 2021
- 23
- Cash from Investing
- -10
- Cash from Financing
- -18
- -5
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 5
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- 5
Mar 2022
- 18
- Cash from Investing
- -6
- Cash from Financing
- -9
- 3
- Free Cash Flow
- -0
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- -30
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- -30
Mar 2023
- 8
- Cash from Investing
- 65
- Cash from Financing
- -77
- -4
- Free Cash Flow
- 8
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -19
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -19
Mar 2024
- 12
- Cash from Investing
- 81
- Cash from Financing
- -94
- -1
- Free Cash Flow
- 12
- OCF / Net Profit
- 0.31
- Cumulative 5-Year FCF
- 34
- OCF / Net Profit
- 0.31
- Cumulative 5-Year FCF
- 34
Mar 2025
- 9
- Cash from Investing
- -10
- Cash from Financing
- 39
- 38
- Free Cash Flow
- 0
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 18
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 (₹) | -4.55 | -46.17 | -77.89 | -199.69 | -14.09 | 88.20 | -25.16 | 127.65 | 14.49 | 1.19 |
| Book Value (₹) | 188.70 | 137.08 | 58.84 | -139.11 | -167.17 | -75.66 | -103.28 | 19.20 | 33.32 | 43.66 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 18.30 | -39.17 | -81.55 | -257.27 | 9.56 | 145.37 | -14.53 | 167.30 | 21.17 | 5.60 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 28.96% | -25.79% | -41.73% | -50.14% | 22.28% | -9.01% | 6.73% | -25.82% | -2.96% | 17.69% |
| Net Margin % | -6.82% | -102.12% | -193.36% | -544.37% | -5.85% | 423.57% | -109.33% | 749.93% | 96.08% | 11.14% |
| ROE % | -5.48% | -41.01% | -108.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 58.02% | 3.38% |
| ROCE % | 2.41% | -6.30% | -14.68% | -60.17% | 8.97% | 62.91% | -9.99% | 121.33% | 28.53% | 4.19% |
| -1.47% | -9.48% | -16.57% | -56.47% | -0.88% | 54.58% | -12.65% | 96.27% | 19.20% | 2.27% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 57 | 123 | 89 | 70 | 69 | 116 | 98 | 85 | 71 | 55 |
| Inventory Days | 47 | 118 | 145 | 141 | 137 | 153 | 109 | 122 | 116 | 101 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 104 | 241 | 235 | 210 | 206 | 269 | 206 | 206 | 187 | 156 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.43x | 3.31x | 7.46x | -3.36x | -2.52x | -3.62x | -2.74x | 3.30x | 0.42x | 0.20x |
| Interest Coverage (x) | 0.60x | -1.41x | -3.05x | -7.58x | 0.88x | 15.37x | -1.94x | 44.19x | 7.46x | 2.78x |
| 0.77x | 0.87x | 0.33x | 0.15x | 0.13x | 0.08x | 0.06x | 0.19x | 0.42x | 1.97x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -6.68% | -56.52% | -16.09% | -5.87% | -4.57% | -36.31% | -16.34% | -21.49% | -23.14% | -16.48% |
| Operating Profit Growth % | -39.13% | -138.72% | -35.78% | -13.09% | 142.41% | -125.76% | 162.48% | -401.16% | 149.48% | -3.05% |
| Net Profit Growth % | -146.01% | -550.70% | -58.89% | -165.01% | 98.97% | 4712.83% | -121.59% | 638.54% | -90.15% | -90.31% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -88.65% | -91.78% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.00x | 79.07x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.31x | 2.16x |
| 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 | 21.00x | 43.12x |
Mar 2016
- EPS (₹)
- -4.55
- Book Value (₹)
- 188.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 18.30
- Operating Margin %
- 28.96%
- Net Margin %
- -6.82%
- ROE %
- -5.48%
- ROCE %
- 2.41%
- -1.47%
- Debtor Days
- 57
- Inventory Days
- 47
- Payable Days
- 0
- 104
- Debt to Equity (x)
- 2.43x
- Interest Coverage (x)
- 0.60x
- 0.77x
- Revenue Growth %
- -6.68%
- Operating Profit Growth %
- -39.13%
- Net Profit Growth %
- -146.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -46.17
- Book Value (₹)
- 137.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -39.17
- Operating Margin %
- -25.79%
- Net Margin %
- -102.12%
- ROE %
- -41.01%
- ROCE %
- -6.30%
- -9.48%
- Debtor Days
- 123
- Inventory Days
- 118
- Payable Days
- 0
- 241
- Debt to Equity (x)
- 3.31x
- Interest Coverage (x)
- -1.41x
- 0.87x
- Revenue Growth %
- -56.52%
- Operating Profit Growth %
- -138.72%
- Net Profit Growth %
- -550.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -77.89
- Book Value (₹)
- 58.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -81.55
- Operating Margin %
- -41.73%
- Net Margin %
- -193.36%
- ROE %
- -108.36%
- ROCE %
- -14.68%
- -16.57%
- Debtor Days
- 89
- Inventory Days
- 145
- Payable Days
- 0
- 235
- Debt to Equity (x)
- 7.46x
- Interest Coverage (x)
- -3.05x
- 0.33x
- Revenue Growth %
- -16.09%
- Operating Profit Growth %
- -35.78%
- Net Profit Growth %
- -58.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -199.69
- Book Value (₹)
- -139.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -257.27
- Operating Margin %
- -50.14%
- Net Margin %
- -544.37%
- ROE %
- 0.00%
- ROCE %
- -60.17%
- -56.47%
- Debtor Days
- 70
- Inventory Days
- 141
- Payable Days
- 0
- 210
- Debt to Equity (x)
- -3.36x
- Interest Coverage (x)
- -7.58x
- 0.15x
- Revenue Growth %
- -5.87%
- Operating Profit Growth %
- -13.09%
- Net Profit Growth %
- -165.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -14.09
- Book Value (₹)
- -167.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.56
- Operating Margin %
- 22.28%
- Net Margin %
- -5.85%
- ROE %
- 0.00%
- ROCE %
- 8.97%
- -0.88%
- Debtor Days
- 69
- Inventory Days
- 137
- Payable Days
- 0
- 206
- Debt to Equity (x)
- -2.52x
- Interest Coverage (x)
- 0.88x
- 0.13x
- Revenue Growth %
- -4.57%
- Operating Profit Growth %
- 142.41%
- Net Profit Growth %
- 98.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 88.20
- Book Value (₹)
- -75.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 145.37
- Operating Margin %
- -9.01%
- Net Margin %
- 423.57%
- ROE %
- 0.00%
- ROCE %
- 62.91%
- 54.58%
- Debtor Days
- 116
- Inventory Days
- 153
- Payable Days
- 0
- 269
- Debt to Equity (x)
- -3.62x
- Interest Coverage (x)
- 15.37x
- 0.08x
- Revenue Growth %
- -36.31%
- Operating Profit Growth %
- -125.76%
- Net Profit Growth %
- 4712.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -25.16
- Book Value (₹)
- -103.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -14.53
- Operating Margin %
- 6.73%
- Net Margin %
- -109.33%
- ROE %
- 0.00%
- ROCE %
- -9.99%
- -12.65%
- Debtor Days
- 98
- Inventory Days
- 109
- Payable Days
- 0
- 206
- Debt to Equity (x)
- -2.74x
- Interest Coverage (x)
- -1.94x
- 0.06x
- Revenue Growth %
- -16.34%
- Operating Profit Growth %
- 162.48%
- Net Profit Growth %
- -121.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 127.65
- Book Value (₹)
- 19.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 167.30
- Operating Margin %
- -25.82%
- Net Margin %
- 749.93%
- ROE %
- 0.00%
- ROCE %
- 121.33%
- 96.27%
- Debtor Days
- 85
- Inventory Days
- 122
- Payable Days
- 0
- 206
- Debt to Equity (x)
- 3.30x
- Interest Coverage (x)
- 44.19x
- 0.19x
- Revenue Growth %
- -21.49%
- Operating Profit Growth %
- -401.16%
- Net Profit Growth %
- 638.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 14.49
- Book Value (₹)
- 33.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 21.17
- Operating Margin %
- -2.96%
- Net Margin %
- 96.08%
- ROE %
- 58.02%
- ROCE %
- 28.53%
- 19.20%
- Debtor Days
- 71
- Inventory Days
- 116
- Payable Days
- 0
- 187
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 7.46x
- 0.42x
- Revenue Growth %
- -23.14%
- Operating Profit Growth %
- 149.48%
- Net Profit Growth %
- -90.15%
- -88.65%
- P/E (x)
- 3.00x
- P/B (x)
- 1.31x
- Dividend Yield %
- 0.00%
- 21.00x
Mar 2025
- EPS (₹)
- 1.19
- Book Value (₹)
- 43.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.60
- Operating Margin %
- 17.69%
- Net Margin %
- 11.14%
- ROE %
- 3.38%
- ROCE %
- 4.19%
- 2.27%
- Debtor Days
- 55
- Inventory Days
- 101
- Payable Days
- 0
- 156
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 2.78x
- 1.97x
- Revenue Growth %
- -16.48%
- Operating Profit Growth %
- -3.05%
- Net Profit Growth %
- -90.31%
- -91.78%
- P/E (x)
- 79.07x
- P/B (x)
- 2.16x
- Dividend Yield %
- 0.00%
- 43.12x
Documents
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