Graviss Hospitality Ltd.

•

₹ 28.8-3.65%

2026-08-21

gravissgroup.comBSE: 509546NSE: GRAVISSHO

Market Cap₹ 208 Cr.

Current Price₹ 30

High / Low₹ 36 / 25

Stock P/E5202.5

Book Value₹ 27

Price to Book1.58

Dividend Yield0.00 %

ROCE1.9 %

ROE5.2 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Hospitality: 100.0%

PROS

Company is almost debt free
Operating margins have improved to 12.8% from 1.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.89x)
Working capital cycle has improved - days down from 15 to 10
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (94.6% of PBT)
Company has a low return on capital employed of 3.2%
Company has a low return on equity of 3.5% over last 3 years
Total debt has risen sharply - up 92.3% year on year
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

Consumer ServicesHospitalityHotel, Resort & Restaurants

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.	INDHOTEL	724.00	48.02	103056.49	0.45	390.81	18.67	2339.19	14.61	25.70	28.75
2.	ITCHOTELS	163.55	39.43	34067.08	0.61	181.91	36.05	936.02	15.71	10.54	31.62
3.	EIHOTEL	297.55	26.15	18607.71	0.50	120.31	226.22	656.96	14.54	19.68	26.02
4.	CHALET	848.25	35.17	18576.18	0.24	86.12	-57.60	512.27	-42.73	11.41	45.68
5.	THELEELA	532.65	40.14	17788.27	0.00	48.76	460.27	351.96	28.08	8.97	36.30
6.	VENTIVE	588.30	28.66	13739.25	0.00	124.18	227.44	542.80	6.97	13.15	35.30
7.	LEMONTREE	108.10	36.47	8564.18	0.00	57.34	19.21	344.61	9.13	17.75	43.36
8.	ITDC	683.05	71.14	5858.48	0.43	9.39	-3.63	90.10	2.68	29.74	9.25
9.	MHRIL	219.60	83.76	4437.15	0.00	-85.59	-1293.89	7328.14	944.78	42.30	15.36
10.	JUNIPER	197.90	26.55	4403.32	0.00	33.26	269.47	249.53	13.04	7.85	34.56
11.	SAMHI	159.50	7.04	3546.64	0.00	24.93	29.72	305.21	12.12	12.38	32.18
12.	GRAVISSHO	29.51	5202.55	208.10	0.00	-1.52	31.53	13.81	18.03	1.94	0.29

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
	11	10	16	17	11	13	18	19	12	12	19	20	14
	10	12	11	15	11	12	14	17	13	13	14	15	16
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	1	1	0	-0	1	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	2	2	2	2	2	2	2
	0	-3	5	1	-1	0	2	0	-3	-2	3	3	-2
Tax %	50.00%	12.21%	16.84%	1.94%	7.89%	-2021.43%	35.91%	182.14%	15.59%	38.57%	8.28%	105.22%	7.32%
Net Profit	0	0	0	0	-1	9	1	-0	-2	-1	3	-0	-2
	0	-0	1	0	-0	1	0	-0	-0	-0	0	-0	-0
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
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	14	14	14	14	14	14	14	14	14	14	14	14	14
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

: 11
: 10
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 0
Tax %: 50.00%
Net Profit: 0
: 0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 10
: 12
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: -3
Tax %: 12.21%
Net Profit: 0
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 16
: 11
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 5
Tax %: 16.84%
Net Profit: 0
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 17
: 15
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 1
Tax %: 1.94%
Net Profit: 0
: 0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 11
: 11
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: -1
Tax %: 7.89%
Net Profit: -1
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 13
: 12
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 0
Tax %: -2021.43%
Net Profit: 9
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 18
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: 2
Tax %: 35.91%
Net Profit: 1
: 0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 19
: 17
Operating Profit: —
OPM %: —
Other Income: -0
Interest: 0
Depreciation: 2
: 0
Tax %: 182.14%
Net Profit: -0
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 12
: 13
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: -3
Tax %: 15.59%
Net Profit: -2
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 12
: 13
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: -2
Tax %: 38.57%
Net Profit: -1
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 19
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: 3
Tax %: 8.28%
Net Profit: 3
: 0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 20
: 15
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: 3
Tax %: 105.22%
Net Profit: -0
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 14
: 16
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: -2
Tax %: 7.32%
Net Profit: -2
: -0
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
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
	50	43	49	48	40	23	48	65	54	61	65
	47	43	42	47	44	35	49	53	47	53	58
Operating Profit	3	1	7	2	-3	-11	1	14	9	10	—
OPM %	5	2	15	4	-8	-48	2	21	16	16	—
Other Income	0	1	0	1	1	1	2	2	1	2	1
Interest	1	2	2	2	2	3	3	2	1	2	1
Depreciation	5	5	6	5	6	6	5	4	4	6	7
	-3	-6	-1	-5	-11	-19	-7	8	4	2	2
Tax %	29	31	2	64	22	20	1	25	20	-339	98
Net Profit	-2	-4	-1	-2	-9	-15	-6	6	3	9	0
EPS	0	0	0	0	0	-2	-1	1	0	1	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
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	-0	-1	-0	-0	-1	-2	-1	1	0	1	—
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	-0	-1	-0	-0	-1	-2	-1	1	0	1	—

Mar 2016

: 50
: 47
Operating Profit: 3
OPM %: 5
Other Income: 0
Interest: 1
Depreciation: 5
: -3
Tax %: 29
Net Profit: -2
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 2017

: 43
: 43
Operating Profit: 1
OPM %: 2
Other Income: 1
Interest: 2
Depreciation: 5
: -6
Tax %: 31
Net Profit: -4
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2018

: 49
: 42
Operating Profit: 7
OPM %: 15
Other Income: 0
Interest: 2
Depreciation: 6
: -1
Tax %: 2
Net Profit: -1
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 2019

: 48
: 47
Operating Profit: 2
OPM %: 4
Other Income: 1
Interest: 2
Depreciation: 5
: -5
Tax %: 64
Net Profit: -2
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 2020

: 40
: 44
Operating Profit: -3
OPM %: -8
Other Income: 1
Interest: 2
Depreciation: 6
: -11
Tax %: 22
Net Profit: -9
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2021

: 23
: 35
Operating Profit: -11
OPM %: -48
Other Income: 1
Interest: 3
Depreciation: 6
: -19
Tax %: 20
Net Profit: -15
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

Mar 2022

: 48
: 49
Operating Profit: 1
OPM %: 2
Other Income: 2
Interest: 3
Depreciation: 5
: -7
Tax %: 1
Net Profit: -6
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

Mar 2023

: 65
: 53
Operating Profit: 14
OPM %: 21
Other Income: 2
Interest: 2
Depreciation: 4
: 8
Tax %: 25
Net Profit: 6
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

Mar 2024

: 54
: 47
Operating Profit: 9
OPM %: 16
Other Income: 1
Interest: 1
Depreciation: 4
: 4
Tax %: 20
Net Profit: 3
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 2025

: 61
: 53
Operating Profit: 10
OPM %: 16
Other Income: 2
Interest: 2
Depreciation: 6
: 2
Tax %: -339
Net Profit: 9
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

: 65
: 58
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 7
: 2
Tax %: 98
Net Profit: 0
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:: 2%
5 Years:: 9%
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -1%
5 Years:: 0%
3 Years:: 4%
Last Year:: 5%

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	14	14	14	14	14	14	14	14	14	14
	220	184	183	181	172	157	151	157	161	170
	7	9	10	12	12	12	17	3	2	1
Trade Payables	4	4	5	9	9	4	4	3	4	5
	10	41	41	41	44	36	33	33	35	40
Total Liabilities	255	252	253	257	250	223	218	211	215	229
ASSETS	-	-	-	-	-	-	-	-	-	-
	160	168	171	170	168	164	187	184	182	202
Capital Work in Progress	62	12	12	13	10	9	9	7	14	6
	0	0	0	0	0	0	2	10	10	9
	2	44	44	44	44	34	13	1	1	1
	0	0	0	0	0	0	0	0	2	1
Cash & Bank	2	1	2	1	7	9	4	2	2	3
	30	28	25	28	22	7	4	6	4	6
Total Assets	255	252	253	257	250	223	218	211	215	229
Total Debt	13	15	15	16	14	15	18	4	3	5
Net Working Capital	-4	31	32	29	22	21	-8	4	2	2
Contingent Liabilities	2	2	1	1	1	1	1	1	1	1
Book Value per Share	33.19	28.08	27.90	27.65	26.36	24.24	23.48	24.32	24.76	26.09
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	13	15	15	16	14	15	18	4	3	5
Net Working Capital	-4	31	32	29	22	21	-8	4	2	2
Contingent Liabilities	2	2	1	1	1	1	1	1	1	1
Book Value per Share	33.19	28.08	27.90	27.65	26.36	24.24	23.48	24.32	24.76	26.09
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2016

Equity Capital: 14
: 220
: 7
Trade Payables: 4
: 10
Total Liabilities: 255
: 160
Capital Work in Progress: 62
: 0
: 2
: 0
Cash & Bank: 2
: 30
Total Assets: 255
Total Debt: 13
Net Working Capital: -4
Contingent Liabilities: 2
Book Value per Share: 33.19
Face Value: 2.00
Total Debt: 13
Net Working Capital: -4
Contingent Liabilities: 2
Book Value per Share: 33.19
Face Value: 2.00

Mar 2017

Equity Capital: 14
: 184
: 9
Trade Payables: 4
: 41
Total Liabilities: 252
: 168
Capital Work in Progress: 12
: 0
: 44
: 0
Cash & Bank: 1
: 28
Total Assets: 252
Total Debt: 15
Net Working Capital: 31
Contingent Liabilities: 2
Book Value per Share: 28.08
Face Value: 2.00
Total Debt: 15
Net Working Capital: 31
Contingent Liabilities: 2
Book Value per Share: 28.08
Face Value: 2.00

Mar 2018

Equity Capital: 14
: 183
: 10
Trade Payables: 5
: 41
Total Liabilities: 253
: 171
Capital Work in Progress: 12
: 0
: 44
: 0
Cash & Bank: 2
: 25
Total Assets: 253
Total Debt: 15
Net Working Capital: 32
Contingent Liabilities: 1
Book Value per Share: 27.90
Face Value: 2.00
Total Debt: 15
Net Working Capital: 32
Contingent Liabilities: 1
Book Value per Share: 27.90
Face Value: 2.00

Mar 2019

Equity Capital: 14
: 181
: 12
Trade Payables: 9
: 41
Total Liabilities: 257
: 170
Capital Work in Progress: 13
: 0
: 44
: 0
Cash & Bank: 1
: 28
Total Assets: 257
Total Debt: 16
Net Working Capital: 29
Contingent Liabilities: 1
Book Value per Share: 27.65
Face Value: 2.00
Total Debt: 16
Net Working Capital: 29
Contingent Liabilities: 1
Book Value per Share: 27.65
Face Value: 2.00

Mar 2020

Equity Capital: 14
: 172
: 12
Trade Payables: 9
: 44
Total Liabilities: 250
: 168
Capital Work in Progress: 10
: 0
: 44
: 0
Cash & Bank: 7
: 22
Total Assets: 250
Total Debt: 14
Net Working Capital: 22
Contingent Liabilities: 1
Book Value per Share: 26.36
Face Value: 2.00
Total Debt: 14
Net Working Capital: 22
Contingent Liabilities: 1
Book Value per Share: 26.36
Face Value: 2.00

Mar 2021

Equity Capital: 14
: 157
: 12
Trade Payables: 4
: 36
Total Liabilities: 223
: 164
Capital Work in Progress: 9
: 0
: 34
: 0
Cash & Bank: 9
: 7
Total Assets: 223
Total Debt: 15
Net Working Capital: 21
Contingent Liabilities: 1
Book Value per Share: 24.24
Face Value: 2.00
Total Debt: 15
Net Working Capital: 21
Contingent Liabilities: 1
Book Value per Share: 24.24
Face Value: 2.00

Mar 2022

Equity Capital: 14
: 151
: 17
Trade Payables: 4
: 33
Total Liabilities: 218
: 187
Capital Work in Progress: 9
: 2
: 13
: 0
Cash & Bank: 4
: 4
Total Assets: 218
Total Debt: 18
Net Working Capital: -8
Contingent Liabilities: 1
Book Value per Share: 23.48
Face Value: 2.00
Total Debt: 18
Net Working Capital: -8
Contingent Liabilities: 1
Book Value per Share: 23.48
Face Value: 2.00

Mar 2023

Equity Capital: 14
: 157
: 3
Trade Payables: 3
: 33
Total Liabilities: 211
: 184
Capital Work in Progress: 7
: 10
: 1
: 0
Cash & Bank: 2
: 6
Total Assets: 211
Total Debt: 4
Net Working Capital: 4
Contingent Liabilities: 1
Book Value per Share: 24.32
Face Value: 2.00
Total Debt: 4
Net Working Capital: 4
Contingent Liabilities: 1
Book Value per Share: 24.32
Face Value: 2.00

Mar 2024

Equity Capital: 14
: 161
: 2
Trade Payables: 4
: 35
Total Liabilities: 215
: 182
Capital Work in Progress: 14
: 10
: 1
: 2
Cash & Bank: 2
: 4
Total Assets: 215
Total Debt: 3
Net Working Capital: 2
Contingent Liabilities: 1
Book Value per Share: 24.76
Face Value: 2.00
Total Debt: 3
Net Working Capital: 2
Contingent Liabilities: 1
Book Value per Share: 24.76
Face Value: 2.00

Mar 2025

Equity Capital: 14
: 170
: 1
Trade Payables: 5
: 40
Total Liabilities: 229
: 202
Capital Work in Progress: 6
: 9
: 1
: 1
Cash & Bank: 3
: 6
Total Assets: 229
Total Debt: 5
Net Working Capital: 2
Contingent Liabilities: 1
Book Value per Share: 26.09
Face Value: 2.00
Total Debt: 5
Net Working Capital: 2
Contingent Liabilities: 1
Book Value per Share: 26.09
Face Value: 2.00

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
	4	4	11	5	6	4	22	22	9	3
Cash from Investing	-5	-5	-8	-5	-0	-1	-28	-9	-8	-5
Cash from Financing	1	0	-2	0	-4	-1	2	-14	-1	2
	0	-1	1	-0	2	2	-3	-0	-0	1
Free Cash Flow	0	4	3	-1	5	4	-2	22	0	-15
OCF / Net Profit	-1.63	-0.87	-11.72	-2.39	-0.67	-0.23	-3.41	3.72	3.13	0.33
Cumulative 5-Year FCF	0	0	0	0	10	14	8	27	29	9
OCF / Net Profit	-1.63	-0.87	-11.72	-2.39	-0.67	-0.23	-3.41	3.72	3.13	0.33
Cumulative 5-Year FCF	0	0	0	0	10	14	8	27	29	9

Mar 2016

: 4
Cash from Investing: -5
Cash from Financing: 1
: 0
Free Cash Flow: 0
OCF / Net Profit: -1.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.63
Cumulative 5-Year FCF: 0

Mar 2017

: 4
Cash from Investing: -5
Cash from Financing: 0
: -1
Free Cash Flow: 4
OCF / Net Profit: -0.87
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.87
Cumulative 5-Year FCF: 0

Mar 2018

: 11
Cash from Investing: -8
Cash from Financing: -2
: 1
Free Cash Flow: 3
OCF / Net Profit: -11.72
Cumulative 5-Year FCF: 0
OCF / Net Profit: -11.72
Cumulative 5-Year FCF: 0

Mar 2019

: 5
Cash from Investing: -5
Cash from Financing: 0
: -0
Free Cash Flow: -1
OCF / Net Profit: -2.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.39
Cumulative 5-Year FCF: 0

Mar 2020

: 6
Cash from Investing: -0
Cash from Financing: -4
: 2
Free Cash Flow: 5
OCF / Net Profit: -0.67
Cumulative 5-Year FCF: 10
OCF / Net Profit: -0.67
Cumulative 5-Year FCF: 10

Mar 2021

: 4
Cash from Investing: -1
Cash from Financing: -1
: 2
Free Cash Flow: 4
OCF / Net Profit: -0.23
Cumulative 5-Year FCF: 14
OCF / Net Profit: -0.23
Cumulative 5-Year FCF: 14

Mar 2022

: 22
Cash from Investing: -28
Cash from Financing: 2
: -3
Free Cash Flow: -2
OCF / Net Profit: -3.41
Cumulative 5-Year FCF: 8
OCF / Net Profit: -3.41
Cumulative 5-Year FCF: 8

Mar 2023

: 22
Cash from Investing: -9
Cash from Financing: -14
: -0
Free Cash Flow: 22
OCF / Net Profit: 3.72
Cumulative 5-Year FCF: 27
OCF / Net Profit: 3.72
Cumulative 5-Year FCF: 27

Mar 2024

: 9
Cash from Investing: -8
Cash from Financing: -1
: -0
Free Cash Flow: 0
OCF / Net Profit: 3.13
Cumulative 5-Year FCF: 29
OCF / Net Profit: 3.13
Cumulative 5-Year FCF: 29

Mar 2025

: 3
Cash from Investing: -5
Cash from Financing: 2
: 1
Free Cash Flow: -15
OCF / Net Profit: 0.33
Cumulative 5-Year FCF: 9
OCF / Net Profit: 0.33
Cumulative 5-Year FCF: 9

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 (₹)	-0.34	-0.62	-0.13	-0.27	-1.25	-2.16	-0.92	0.84	0.43	1.33
Book Value (₹)	33.19	28.08	27.90	27.65	26.36	24.24	23.48	24.32	24.76	26.09
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 (₹)	0.32	0.06	0.69	0.46	-0.38	-1.37	-0.28	1.43	0.97	2.20
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	5.36%	1.74%	14.54%	4.17%	-7.82%	-48.11%	1.84%	21.19%	13.80%	12.77%
Net Margin %	-4.85%	-10.11%	-1.94%	-3.97%	-22.31%	-66.68%	-13.45%	9.09%	5.57%	15.35%
ROE %	-1.03%	-2.02%	-0.48%	-0.96%	-4.63%	-8.55%	-3.86%	3.53%	1.74%	5.24%
ROCE %	-0.82%	-1.73%	0.57%	-1.42%	-4.32%	-8.23%	-1.89%	5.19%	2.54%	1.94%
	-0.95%	-1.72%	-0.37%	-0.74%	-3.48%	-6.44%	-2.94%	2.77%	1.42%	4.23%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	50	48	38	57	62	70	21	9	12	9
Inventory Days	11	191	329	338	407	625	178	38	5	6
Payable Days	195	258	249	298	543	151	55	63	207	221
	-133	-19	118	97	-74	544	145	-16	-190	-206
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.05x	0.07x	0.08x	0.08x	0.08x	0.09x	0.11x	0.02x	0.02x	0.03x
Interest Coverage (x)	-1.46x	-1.79x	0.56x	-1.51x	-4.40x	-6.58x	-1.26x	5.47x	5.10x	2.36x
	0.77x	2.55x	2.49x	2.05x	1.66x	1.77x	0.73x	1.27x	1.16x	1.10x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-3.23%	-13.28%	12.19%	-2.03%	-16.79%	-42.17%	111.36%	35.43%	-17.29%	12.94%
Operating Profit Growth %	-41.80%	-71.86%	838.08%	-71.91%	-256.01%	-255.87%	108.08%	1459.65%	-38.40%	15.13%
Net Profit Growth %	-8.86%	-80.84%	78.49%	-100.67%	-367.67%	-72.82%	57.38%	191.54%	-49.34%	211.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-49.34%	211.51%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	116.28x	31.02x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.01x	1.58x
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	41.11x	29.82x

Mar 2016

EPS (₹): -0.34
Book Value (₹): 33.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.32
Operating Margin %: 5.36%
Net Margin %: -4.85%
ROE %: -1.03%
ROCE %: -0.82%
: -0.95%
Debtor Days: 50
Inventory Days: 11
Payable Days: 195
: -133
Debt to Equity (x): 0.05x
Interest Coverage (x): -1.46x
: 0.77x
Revenue Growth %: -3.23%
Operating Profit Growth %: -41.80%
Net Profit Growth %: -8.86%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): -0.62
Book Value (₹): 28.08
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.06
Operating Margin %: 1.74%
Net Margin %: -10.11%
ROE %: -2.02%
ROCE %: -1.73%
: -1.72%
Debtor Days: 48
Inventory Days: 191
Payable Days: 258
: -19
Debt to Equity (x): 0.07x
Interest Coverage (x): -1.79x
: 2.55x
Revenue Growth %: -13.28%
Operating Profit Growth %: -71.86%
Net Profit Growth %: -80.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -0.13
Book Value (₹): 27.90
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.69
Operating Margin %: 14.54%
Net Margin %: -1.94%
ROE %: -0.48%
ROCE %: 0.57%
: -0.37%
Debtor Days: 38
Inventory Days: 329
Payable Days: 249
: 118
Debt to Equity (x): 0.08x
Interest Coverage (x): 0.56x
: 2.49x
Revenue Growth %: 12.19%
Operating Profit Growth %: 838.08%
Net Profit Growth %: 78.49%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -0.27
Book Value (₹): 27.65
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.46
Operating Margin %: 4.17%
Net Margin %: -3.97%
ROE %: -0.96%
ROCE %: -1.42%
: -0.74%
Debtor Days: 57
Inventory Days: 338
Payable Days: 298
: 97
Debt to Equity (x): 0.08x
Interest Coverage (x): -1.51x
: 2.05x
Revenue Growth %: -2.03%
Operating Profit Growth %: -71.91%
Net Profit Growth %: -100.67%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -1.25
Book Value (₹): 26.36
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.38
Operating Margin %: -7.82%
Net Margin %: -22.31%
ROE %: -4.63%
ROCE %: -4.32%
: -3.48%
Debtor Days: 62
Inventory Days: 407
Payable Days: 543
: -74
Debt to Equity (x): 0.08x
Interest Coverage (x): -4.40x
: 1.66x
Revenue Growth %: -16.79%
Operating Profit Growth %: -256.01%
Net Profit Growth %: -367.67%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -2.16
Book Value (₹): 24.24
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.37
Operating Margin %: -48.11%
Net Margin %: -66.68%
ROE %: -8.55%
ROCE %: -8.23%
: -6.44%
Debtor Days: 70
Inventory Days: 625
Payable Days: 151
: 544
Debt to Equity (x): 0.09x
Interest Coverage (x): -6.58x
: 1.77x
Revenue Growth %: -42.17%
Operating Profit Growth %: -255.87%
Net Profit Growth %: -72.82%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -0.92
Book Value (₹): 23.48
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.28
Operating Margin %: 1.84%
Net Margin %: -13.45%
ROE %: -3.86%
ROCE %: -1.89%
: -2.94%
Debtor Days: 21
Inventory Days: 178
Payable Days: 55
: 145
Debt to Equity (x): 0.11x
Interest Coverage (x): -1.26x
: 0.73x
Revenue Growth %: 111.36%
Operating Profit Growth %: 108.08%
Net Profit Growth %: 57.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 0.84
Book Value (₹): 24.32
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.43
Operating Margin %: 21.19%
Net Margin %: 9.09%
ROE %: 3.53%
ROCE %: 5.19%
: 2.77%
Debtor Days: 9
Inventory Days: 38
Payable Days: 63
: -16
Debt to Equity (x): 0.02x
Interest Coverage (x): 5.47x
: 1.27x
Revenue Growth %: 35.43%
Operating Profit Growth %: 1459.65%
Net Profit Growth %: 191.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 0.43
Book Value (₹): 24.76
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.97
Operating Margin %: 13.80%
Net Margin %: 5.57%
ROE %: 1.74%
ROCE %: 2.54%
: 1.42%
Debtor Days: 12
Inventory Days: 5
Payable Days: 207
: -190
Debt to Equity (x): 0.02x
Interest Coverage (x): 5.10x
: 1.16x
Revenue Growth %: -17.29%
Operating Profit Growth %: -38.40%
Net Profit Growth %: -49.34%
: -49.34%
P/E (x): 116.28x
P/B (x): 2.01x
Dividend Yield %: 0.00%
: 41.11x

Mar 2025

EPS (₹): 1.33
Book Value (₹): 26.09
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.20
Operating Margin %: 12.77%
Net Margin %: 15.35%
ROE %: 5.24%
ROCE %: 1.94%
: 4.23%
Debtor Days: 9
Inventory Days: 6
Payable Days: 221
: -206
Debt to Equity (x): 0.03x
Interest Coverage (x): 2.36x
: 1.10x
Revenue Growth %: 12.94%
Operating Profit Growth %: 15.13%
Net Profit Growth %: 211.53%
: 211.51%
P/E (x): 31.02x
P/B (x): 1.58x
Dividend Yield %: 0.00%
: 29.82x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.92	74.92	74.92	74.92	74.92	74.92	74.92	74.92	74.92
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
	25.08	25.08	25.08	25.08	25.08	25.08	25.08	25.08	25.08

Jun 2024

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Sep 2024

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Dec 2024

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Mar 2025

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Jun 2025

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Sep 2025

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Dec 2025

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Mar 2026

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Jun 2026

: 74.92
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.08

Documents

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Annual Reports

Credit Ratings

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Concalls

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