Goodricke Group Ltd.

•

₹ —-%

goodricke.comBSE: -NSE: GOODRICKE

Market Cap₹ 472 Cr.

Current Price—

High / Low—

Stock P/E0.0

Book Value₹ 159

Price to Book1.05

Dividend Yield0.92 %

ROCE8.3 %

ROE8.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Latest quarter profit grew 1181.2% YoY, showing strong momentum
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (77.1% of PBT)
Company has a low return on equity of -2.8% over last 3 years
Company has a low return on capital employed of -0.0%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.61x)
Company's sales have been declining over the last five years

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriTea/Coffee

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.	TATACONSUM	1067.80	64.63	105679.10	0.94	427.19	28.77	5348.88	11.93	10.10	13.21
2.	CCL	1120.10	34.58	14956.46	0.51	116.88	61.33	1200.45	13.72	15.90	16.12
3.	ANDREWYU	25.96	0.00	1269.32	0.00	-2.34	-111.60	58.30	5.08	-1.45	8.66
4.	MCLEODRUSS	48.28	0.00	504.31	0.00	-13.38	69.23	261.11	21.02	-1.03	11.16
5.	GOODRICKE	218.50	0.00	471.96	0.92	40.87	1181.19	211.30	21.08	8.28	17.90
6.	JAYSREETEA	93.70	0.00	270.58	0.00	-5.94	33.85	206.17	8.61	1.20	2.68
7.	UNITEDTEA	451.65	19.14	225.67	0.71	6.38	-20.51	19.83	-10.49	11.28	25.60
8.	PKTEA	728.35	42.26	225.49	0.10	3.69	370.56	11.60	-1.11	1.28	5.17
9.	ROSSELLIND	56.09	15.24	211.44	0.71	2.43	88.37	73.25	7.97	8.99	10.87
10.	NEAGI	3301.00	5.59	205.34	0.61	15.33	-80.10	6.41	-0.33	9.64	218.32
11.	DTIL	134.85	0.00	141.69	1.48	4.52	-68.52	85.14	-25.96	2.63	23.80
12.	NORBTEAEXP	69.04	0.00	107.32	0.00	3.23	1033.33	12.90	946.23	2.98	51.40

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
	166	241	287	130	197	316	284	132	175	217	306	104	211
	163	203	306	198	181	250	297	182	172	184	298	128	178
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	2	2	4	2	3	3	11	5	4	6	1	5
Interest	2	3	3	3	3	3	2	2	2	2	2	1	1
Depreciation	5	5	5	5	5	5	5	5	5	5	5	4	4
	-3	33	-25	-71	10	61	-17	-40	2	40	8	-29	43
Tax %	35.64%	0.15%	-0.97%	-6.12%	-22.33%	0.66%	2.83%	9.10%	-112.67%	-8.55%	-5.93%	-1.67%	5.28%
Net Profit	-2	33	-25	-76	12	60	-16	-37	3	44	8	-29	41
	-1	15	-12	-35	6	28	-7	-17	1	20	4	-14	2
Equity Capital	22	22	22	22	22	22	22	22	22	22	22	22	22
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	22	22	22	22	22	22	22	22	22	22	22	22	22
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

: 166
: 163
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 5
: -3
Tax %: 35.64%
Net Profit: -2
: -1
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 241
: 203
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 5
: 33
Tax %: 0.15%
Net Profit: 33
: 15
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 287
: 306
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 5
: -25
Tax %: -0.97%
Net Profit: -25
: -12
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 130
: 198
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 3
Depreciation: 5
: -71
Tax %: -6.12%
Net Profit: -76
: -35
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 197
: 181
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 5
: 10
Tax %: -22.33%
Net Profit: 12
: 6
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 316
: 250
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 3
Depreciation: 5
: 61
Tax %: 0.66%
Net Profit: 60
: 28
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 284
: 297
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 5
: -17
Tax %: 2.83%
Net Profit: -16
: -7
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 132
: 182
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 2
Depreciation: 5
: -40
Tax %: 9.10%
Net Profit: -37
: -17
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 175
: 172
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 2
Depreciation: 5
: 2
Tax %: -112.67%
Net Profit: 3
: 1
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 217
: 184
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 2
Depreciation: 5
: 40
Tax %: -8.55%
Net Profit: 44
: 20
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 306
: 298
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 2
Depreciation: 5
: 8
Tax %: -5.93%
Net Profit: 8
: 4
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 104
: 128
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 4
: -29
Tax %: -1.67%
Net Profit: -29
: -14
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 211
: 178
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 1
Depreciation: 4
: 43
Tax %: 5.28%
Net Profit: 41
: 2
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 22
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	680	731	749	791	892	823	882	824	929	801	838
	631	686	718	761	848	797	873	873	910	782	789
Operating Profit	64	66	46	43	55	36	29	-35	39	35	—
OPM %	9	9	6	5	6	4	3	-4	4	4	—
Other Income	15	21	15	12	11	10	19	14	20	16	15
Interest	1	2	5	9	8	6	6	10	10	7	5
Depreciation	14	15	16	21	21	21	21	21	20	18	18
	49	49	26	13	26	9	3	-66	14	20	62
Tax %	32	35	63	-29	26	43	113	-6	-43	-25	-2
Net Profit	33	32	9	16	20	5	-0	-69	20	26	63
EPS	0	0	0	8	9	2	-0	-32	9	12	—
Dividend Payout %	29	31	91	0	33	123	0	0	0	17	—
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	15	15	4	8	9	2	-0	-32	9	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	15	15	4	8	9	2	-0	-32	9	12	—

Mar 2017

: 680
: 631
Operating Profit: 64
OPM %: 9
Other Income: 15
Interest: 1
Depreciation: 14
: 49
Tax %: 32
Net Profit: 33
EPS: 0
Dividend Payout %: 29
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2018

: 731
: 686
Operating Profit: 66
OPM %: 9
Other Income: 21
Interest: 2
Depreciation: 15
: 49
Tax %: 35
Net Profit: 32
EPS: 0
Dividend Payout %: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2019

: 749
: 718
Operating Profit: 46
OPM %: 6
Other Income: 15
Interest: 5
Depreciation: 16
: 26
Tax %: 63
Net Profit: 9
EPS: 0
Dividend Payout %: 91
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 791
: 761
Operating Profit: 43
OPM %: 5
Other Income: 12
Interest: 9
Depreciation: 21
: 13
Tax %: -29
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 2021

: 892
: 848
Operating Profit: 55
OPM %: 6
Other Income: 11
Interest: 8
Depreciation: 21
: 26
Tax %: 26
Net Profit: 20
EPS: 9
Dividend Payout %: 33
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2022

: 823
: 797
Operating Profit: 36
OPM %: 4
Other Income: 10
Interest: 6
Depreciation: 21
: 9
Tax %: 43
Net Profit: 5
EPS: 2
Dividend Payout %: 123
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 882
: 873
Operating Profit: 29
OPM %: 3
Other Income: 19
Interest: 6
Depreciation: 21
: 3
Tax %: 113
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 2024

: 824
: 873
Operating Profit: -35
OPM %: -4
Other Income: 14
Interest: 10
Depreciation: 21
: -66
Tax %: -6
Net Profit: -69
EPS: -32
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -32
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -32

Mar 2025

: 929
: 910
Operating Profit: 39
OPM %: 4
Other Income: 20
Interest: 10
Depreciation: 20
: 14
Tax %: -43
Net Profit: 20
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2026

: 801
: 782
Operating Profit: 35
OPM %: 4
Other Income: 16
Interest: 7
Depreciation: 18
: 20
Tax %: -25
Net Profit: 26
EPS: 12
Dividend Payout %: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

TTM

: 838
: 789
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 5
Depreciation: 18
: 62
Tax %: -2
Net Profit: 63
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:: 1%
5 Years:: -2%
3 Years:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 6%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 3%
5 Years:: -1%
3 Years:: -3%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	22	22	22	22	22	22	22	22	22	22
	270	285	285	279	298	301	289	220	249	282
	0	0	14	46	48	11	40	95	51	0
Trade Payables	97	141	137	119	138	160	137	156	174	163
	287	114	141	357	364	143	151	156	146	132
Total Liabilities	676	562	598	824	870	636	639	648	641	599
ASSETS	-	-	-	-	-	-	-	-	-	-
	217	250	300	315	313	316	317	326	307	289
Capital Work in Progress	37	40	31	34	35	33	33	24	21	19
	14	0	0	0	0	0	0	0	1	13
	132	143	155	138	181	165	148	139	154	143
	0	0	0	0	0	0	0	73	75	55
Cash & Bank	19	13	15	35	18	14	16	16	10	15
	257	116	98	303	323	108	125	70	74	63
Total Assets	676	562	598	824	870	636	639	648	641	599
Total Debt	0	19	53	78	74	32	57	114	68	12
Net Working Capital	88	89	84	51	65	75	56	1	48	85
Contingent Liabilities	41	46	47	53	52	48	48	14	19	0
Book Value per Share	135.13	142.05	141.88	139.36	147.84	149.28	143.93	111.68	125.25	140.51
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	0	19	53	78	74	32	57	114	68	12
Net Working Capital	88	89	84	51	65	75	56	1	48	85
Contingent Liabilities	41	46	47	53	52	48	48	14	19	0
Book Value per Share	135.13	142.05	141.88	139.36	147.84	149.28	143.93	111.68	125.25	140.51
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: 22
: 270
: 0
Trade Payables: 97
: 287
Total Liabilities: 676
: 217
Capital Work in Progress: 37
: 14
: 132
: 0
Cash & Bank: 19
: 257
Total Assets: 676
Total Debt: 0
Net Working Capital: 88
Contingent Liabilities: 41
Book Value per Share: 135.13
Face Value: 10.00
Total Debt: 0
Net Working Capital: 88
Contingent Liabilities: 41
Book Value per Share: 135.13
Face Value: 10.00

Mar 2018

Equity Capital: 22
: 285
: 0
Trade Payables: 141
: 114
Total Liabilities: 562
: 250
Capital Work in Progress: 40
: 0
: 143
: 0
Cash & Bank: 13
: 116
Total Assets: 562
Total Debt: 19
Net Working Capital: 89
Contingent Liabilities: 46
Book Value per Share: 142.05
Face Value: 10.00
Total Debt: 19
Net Working Capital: 89
Contingent Liabilities: 46
Book Value per Share: 142.05
Face Value: 10.00

Mar 2019

Equity Capital: 22
: 285
: 14
Trade Payables: 137
: 141
Total Liabilities: 598
: 300
Capital Work in Progress: 31
: 0
: 155
: 0
Cash & Bank: 15
: 98
Total Assets: 598
Total Debt: 53
Net Working Capital: 84
Contingent Liabilities: 47
Book Value per Share: 141.88
Face Value: 10.00
Total Debt: 53
Net Working Capital: 84
Contingent Liabilities: 47
Book Value per Share: 141.88
Face Value: 10.00

Mar 2020

Equity Capital: 22
: 279
: 46
Trade Payables: 119
: 357
Total Liabilities: 824
: 315
Capital Work in Progress: 34
: 0
: 138
: 0
Cash & Bank: 35
: 303
Total Assets: 824
Total Debt: 78
Net Working Capital: 51
Contingent Liabilities: 53
Book Value per Share: 139.36
Face Value: 10.00
Total Debt: 78
Net Working Capital: 51
Contingent Liabilities: 53
Book Value per Share: 139.36
Face Value: 10.00

Mar 2021

Equity Capital: 22
: 298
: 48
Trade Payables: 138
: 364
Total Liabilities: 870
: 313
Capital Work in Progress: 35
: 0
: 181
: 0
Cash & Bank: 18
: 323
Total Assets: 870
Total Debt: 74
Net Working Capital: 65
Contingent Liabilities: 52
Book Value per Share: 147.84
Face Value: 10.00
Total Debt: 74
Net Working Capital: 65
Contingent Liabilities: 52
Book Value per Share: 147.84
Face Value: 10.00

Mar 2022

Equity Capital: 22
: 301
: 11
Trade Payables: 160
: 143
Total Liabilities: 636
: 316
Capital Work in Progress: 33
: 0
: 165
: 0
Cash & Bank: 14
: 108
Total Assets: 636
Total Debt: 32
Net Working Capital: 75
Contingent Liabilities: 48
Book Value per Share: 149.28
Face Value: 10.00
Total Debt: 32
Net Working Capital: 75
Contingent Liabilities: 48
Book Value per Share: 149.28
Face Value: 10.00

Mar 2023

Equity Capital: 22
: 289
: 40
Trade Payables: 137
: 151
Total Liabilities: 639
: 317
Capital Work in Progress: 33
: 0
: 148
: 0
Cash & Bank: 16
: 125
Total Assets: 639
Total Debt: 57
Net Working Capital: 56
Contingent Liabilities: 48
Book Value per Share: 143.93
Face Value: 10.00
Total Debt: 57
Net Working Capital: 56
Contingent Liabilities: 48
Book Value per Share: 143.93
Face Value: 10.00

Mar 2024

Equity Capital: 22
: 220
: 95
Trade Payables: 156
: 156
Total Liabilities: 648
: 326
Capital Work in Progress: 24
: 0
: 139
: 73
Cash & Bank: 16
: 70
Total Assets: 648
Total Debt: 114
Net Working Capital: 1
Contingent Liabilities: 14
Book Value per Share: 111.68
Face Value: 10.00
Total Debt: 114
Net Working Capital: 1
Contingent Liabilities: 14
Book Value per Share: 111.68
Face Value: 10.00

Mar 2025

Equity Capital: 22
: 249
: 51
Trade Payables: 174
: 146
Total Liabilities: 641
: 307
Capital Work in Progress: 21
: 1
: 154
: 75
Cash & Bank: 10
: 74
Total Assets: 641
Total Debt: 68
Net Working Capital: 48
Contingent Liabilities: 19
Book Value per Share: 125.25
Face Value: 10.00
Total Debt: 68
Net Working Capital: 48
Contingent Liabilities: 19
Book Value per Share: 125.25
Face Value: 10.00

Mar 2026

Equity Capital: 22
: 282
: 0
Trade Payables: 163
: 132
Total Liabilities: 599
: 289
Capital Work in Progress: 19
: 13
: 143
: 55
Cash & Bank: 15
: 63
Total Assets: 599
Total Debt: 12
Net Working Capital: 85
Contingent Liabilities: 0
Book Value per Share: 140.51
Face Value: 10.00
Total Debt: 12
Net Working Capital: 85
Contingent Liabilities: 0
Book Value per Share: 140.51
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	60	24	40	40	18	67	10	-25	43	68
Cash from Investing	-40	-37	-55	-25	-20	-13	-18	-18	9	3
Cash from Financing	-12	6	17	4	-14	-58	10	44	-59	-66
	9	-8	2	19	-17	-4	2	1	-7	5
Free Cash Flow	35	-27	-17	6	-5	51	-10	-45	43	68
OCF / Net Profit	1.82	0.74	4.18	2.47	0.90	12.78	-30.56	0.36	2.14	2.65
Cumulative 5-Year FCF	0	0	0	0	-9	8	25	-3	34	107
OCF / Net Profit	1.82	0.74	4.18	2.47	0.90	12.78	-30.56	0.36	2.14	2.65
Cumulative 5-Year FCF	0	0	0	0	-9	8	25	-3	34	107

Mar 2017

: 60
Cash from Investing: -40
Cash from Financing: -12
: 9
Free Cash Flow: 35
OCF / Net Profit: 1.82
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.82
Cumulative 5-Year FCF: 0

Mar 2018

: 24
Cash from Investing: -37
Cash from Financing: 6
: -8
Free Cash Flow: -27
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0

Mar 2019

: 40
Cash from Investing: -55
Cash from Financing: 17
: 2
Free Cash Flow: -17
OCF / Net Profit: 4.18
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.18
Cumulative 5-Year FCF: 0

Mar 2020

: 40
Cash from Investing: -25
Cash from Financing: 4
: 19
Free Cash Flow: 6
OCF / Net Profit: 2.47
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.47
Cumulative 5-Year FCF: 0

Mar 2021

: 18
Cash from Investing: -20
Cash from Financing: -14
: -17
Free Cash Flow: -5
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: -9
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: -9

Mar 2022

: 67
Cash from Investing: -13
Cash from Financing: -58
: -4
Free Cash Flow: 51
OCF / Net Profit: 12.78
Cumulative 5-Year FCF: 8
OCF / Net Profit: 12.78
Cumulative 5-Year FCF: 8

Mar 2023

: 10
Cash from Investing: -18
Cash from Financing: 10
: 2
Free Cash Flow: -10
OCF / Net Profit: -30.56
Cumulative 5-Year FCF: 25
OCF / Net Profit: -30.56
Cumulative 5-Year FCF: 25

Mar 2024

: -25
Cash from Investing: -18
Cash from Financing: 44
: 1
Free Cash Flow: -45
OCF / Net Profit: 0.36
Cumulative 5-Year FCF: -3
OCF / Net Profit: 0.36
Cumulative 5-Year FCF: -3

Mar 2025

: 43
Cash from Investing: 9
Cash from Financing: -59
: -7
Free Cash Flow: 43
OCF / Net Profit: 2.14
Cumulative 5-Year FCF: 34
OCF / Net Profit: 2.14
Cumulative 5-Year FCF: 34

Mar 2026

: 68
Cash from Investing: 3
Cash from Financing: -66
: 5
Free Cash Flow: 68
OCF / Net Profit: 2.65
Cumulative 5-Year FCF: 107
OCF / Net Profit: 2.65
Cumulative 5-Year FCF: 107

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	15.34	14.69	4.40	7.56	9.04	2.44	-0.15	-32.09	9.29	11.83
Book Value (₹)	135.13	142.05	141.88	139.36	147.84	149.28	143.93	111.68	125.25	140.51
Dividend per Share (₹)	4.50	4.50	4.00	0.00	3.00	3.00	0.00	0.00	0.00	2.00
Cash EPS (₹)	21.67	21.49	11.60	17.11	18.67	12.28	9.38	-22.51	18.47	20.25
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	9.37%	8.99%	6.16%	5.38%	6.13%	4.41%	3.24%	-5.91%	2.07%	2.41%
Net Margin %	4.86%	4.34%	1.27%	2.06%	2.19%	0.64%	-0.04%	-8.41%	2.16%	3.19%
ROE %	11.72%	10.60%	3.10%	5.37%	6.30%	1.64%	-0.10%	-25.10%	7.84%	8.90%
ROCE %	17.77%	16.50%	8.92%	5.93%	8.77%	4.02%	2.22%	-15.35%	6.98%	8.28%
	5.00%	5.12%	1.64%	2.29%	2.31%	0.70%	-0.05%	-10.77%	3.11%	4.12%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	18	26	31	25	23	25	25	31	29	30
Inventory Days	75	69	73	67	65	77	65	63	57	68
Payable Days	149	167	191	169	131	199	184	200	193	256
	-57	-73	-87	-77	-43	-97	-95	-105	-106	-159
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.06x	0.17x	0.26x	0.23x	0.10x	0.18x	0.47x	0.25x	0.04x
Interest Coverage (x)	37.55x	24.00x	6.25x	2.38x	4.42x	2.57x	1.46x	-5.49x	2.38x	4.09x
	1.68x	1.52x	1.49x	1.24x	1.28x	1.39x	1.26x	1.00x	1.19x	1.45x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-7.21%	7.38%	2.49%	5.68%	12.66%	-7.68%	7.18%	-6.60%	12.80%	-13.79%
Operating Profit Growth %	141.20%	2.76%	-29.81%	-7.74%	28.55%	-33.65%	-21.11%	-221.73%	211.19%	-9.36%
Net Profit Growth %	372.92%	-4.26%	-70.07%	71.91%	19.65%	-72.99%	-106.12%	0.00%	128.94%	27.39%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	128.94%	27.39%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	18.06x	12.44x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.46x	1.34x	1.05x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-12.92x	10.86x	8.96x

Mar 2017

EPS (₹): 15.34
Book Value (₹): 135.13
Dividend per Share (₹): 4.50
Cash EPS (₹): 21.67
Operating Margin %: 9.37%
Net Margin %: 4.86%
ROE %: 11.72%
ROCE %: 17.77%
: 5.00%
Debtor Days: 18
Inventory Days: 75
Payable Days: 149
: -57
Debt to Equity (x): 0.00x
Interest Coverage (x): 37.55x
: 1.68x
Revenue Growth %: -7.21%
Operating Profit Growth %: 141.20%
Net Profit Growth %: 372.92%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 14.69
Book Value (₹): 142.05
Dividend per Share (₹): 4.50
Cash EPS (₹): 21.49
Operating Margin %: 8.99%
Net Margin %: 4.34%
ROE %: 10.60%
ROCE %: 16.50%
: 5.12%
Debtor Days: 26
Inventory Days: 69
Payable Days: 167
: -73
Debt to Equity (x): 0.06x
Interest Coverage (x): 24.00x
: 1.52x
Revenue Growth %: 7.38%
Operating Profit Growth %: 2.76%
Net Profit Growth %: -4.26%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 4.40
Book Value (₹): 141.88
Dividend per Share (₹): 4.00
Cash EPS (₹): 11.60
Operating Margin %: 6.16%
Net Margin %: 1.27%
ROE %: 3.10%
ROCE %: 8.92%
: 1.64%
Debtor Days: 31
Inventory Days: 73
Payable Days: 191
: -87
Debt to Equity (x): 0.17x
Interest Coverage (x): 6.25x
: 1.49x
Revenue Growth %: 2.49%
Operating Profit Growth %: -29.81%
Net Profit Growth %: -70.07%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 7.56
Book Value (₹): 139.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 17.11
Operating Margin %: 5.38%
Net Margin %: 2.06%
ROE %: 5.37%
ROCE %: 5.93%
: 2.29%
Debtor Days: 25
Inventory Days: 67
Payable Days: 169
: -77
Debt to Equity (x): 0.26x
Interest Coverage (x): 2.38x
: 1.24x
Revenue Growth %: 5.68%
Operating Profit Growth %: -7.74%
Net Profit Growth %: 71.91%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 9.04
Book Value (₹): 147.84
Dividend per Share (₹): 3.00
Cash EPS (₹): 18.67
Operating Margin %: 6.13%
Net Margin %: 2.19%
ROE %: 6.30%
ROCE %: 8.77%
: 2.31%
Debtor Days: 23
Inventory Days: 65
Payable Days: 131
: -43
Debt to Equity (x): 0.23x
Interest Coverage (x): 4.42x
: 1.28x
Revenue Growth %: 12.66%
Operating Profit Growth %: 28.55%
Net Profit Growth %: 19.65%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 2.44
Book Value (₹): 149.28
Dividend per Share (₹): 3.00
Cash EPS (₹): 12.28
Operating Margin %: 4.41%
Net Margin %: 0.64%
ROE %: 1.64%
ROCE %: 4.02%
: 0.70%
Debtor Days: 25
Inventory Days: 77
Payable Days: 199
: -97
Debt to Equity (x): 0.10x
Interest Coverage (x): 2.57x
: 1.39x
Revenue Growth %: -7.68%
Operating Profit Growth %: -33.65%
Net Profit Growth %: -72.99%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): -0.15
Book Value (₹): 143.93
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.38
Operating Margin %: 3.24%
Net Margin %: -0.04%
ROE %: -0.10%
ROCE %: 2.22%
: -0.05%
Debtor Days: 25
Inventory Days: 65
Payable Days: 184
: -95
Debt to Equity (x): 0.18x
Interest Coverage (x): 1.46x
: 1.26x
Revenue Growth %: 7.18%
Operating Profit Growth %: -21.11%
Net Profit Growth %: -106.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -32.09
Book Value (₹): 111.68
Dividend per Share (₹): 0.00
Cash EPS (₹): -22.51
Operating Margin %: -5.91%
Net Margin %: -8.41%
ROE %: -25.10%
ROCE %: -15.35%
: -10.77%
Debtor Days: 31
Inventory Days: 63
Payable Days: 200
: -105
Debt to Equity (x): 0.47x
Interest Coverage (x): -5.49x
: 1.00x
Revenue Growth %: -6.60%
Operating Profit Growth %: -221.73%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 1.46x
Dividend Yield %: 0.00%
: -12.92x

Mar 2025

EPS (₹): 9.29
Book Value (₹): 125.25
Dividend per Share (₹): 0.00
Cash EPS (₹): 18.47
Operating Margin %: 2.07%
Net Margin %: 2.16%
ROE %: 7.84%
ROCE %: 6.98%
: 3.11%
Debtor Days: 29
Inventory Days: 57
Payable Days: 193
: -106
Debt to Equity (x): 0.25x
Interest Coverage (x): 2.38x
: 1.19x
Revenue Growth %: 12.80%
Operating Profit Growth %: 211.19%
Net Profit Growth %: 128.94%
: 128.94%
P/E (x): 18.06x
P/B (x): 1.34x
Dividend Yield %: 0.00%
: 10.86x

Mar 2026

EPS (₹): 11.83
Book Value (₹): 140.51
Dividend per Share (₹): 2.00
Cash EPS (₹): 20.25
Operating Margin %: 2.41%
Net Margin %: 3.19%
ROE %: 8.90%
ROCE %: 8.28%
: 4.12%
Debtor Days: 30
Inventory Days: 68
Payable Days: 256
: -159
Debt to Equity (x): 0.04x
Interest Coverage (x): 4.09x
: 1.45x
Revenue Growth %: -13.79%
Operating Profit Growth %: -9.36%
Net Profit Growth %: 27.39%
: 27.39%
P/E (x): 12.44x
P/B (x): 1.05x
Dividend Yield %: 1.36%
: 8.96x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.18	0.25
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.99	25.99	25.99	25.99	25.99	25.99	25.99	25.82	25.74

Jun 2024

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Sep 2024

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Dec 2024

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Mar 2025

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Jun 2025

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Sep 2025

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Dec 2025

: 74.00
: 0.00
DIIs: 0.00
Government: 0.00
: 25.99

Mar 2026

: 74.00
: 0.18
DIIs: 0.00
Government: 0.00
: 25.82

Jun 2026

: 74.00
: 0.25
DIIs: 0.00
Government: 0.00
: 25.74

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Annual Reports

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Concalls

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