Indiamart Intermesh Ltd.
•₹ 1,742.2-0.4%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 29.7%
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.5%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 18.6% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.38x)
CONS
- Recent results are weak - TTM profit is down 26.2% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (31.5% of PBT)
- Operating margins have contracted to 33.8% from 45.5%
- Stock is trading at 5.1x its book value
* 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. | ETERNAL | 320.20 | 713.64 | 309004.23 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| 2. | NYKAA | 327.50 | 366.22 | 93799.73 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| 3. | MEESHO | 196.90 | 0.00 | 91038.09 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -78.80 | -6.05 |
| 4. | SWIGGY | 272.40 | 0.00 | 75190.94 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| 5. | SHIPROCKET | 143.50 | 0.00 | 10440.74 | 0.00 | — | — | — | — | -3.02 | — |
| 6. | INDIAMART | 1732.85 | 21.12 | 10421.91 | 3.46 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| 7. | FIRSTCRY | 196.70 | 0.00 | 10269.48 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -1.65 | 2.83 |
| 8. | IBULLSLTD | 26.51 | 14.74 | 6175.62 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| 9. | MSTCLTD | 707.05 | 21.24 | 4977.63 | 2.22 | 58.22 | 37.50 | 94.24 | 21.71 | 60.68 | 61.36 |
| 10. | ISFT | 84.74 | 10.07 | 138.23 | 0.00 | 4.54 | 10.85 | 139.63 | 8.25 | 6.12 | 3.50 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 282 | 295 | 305 | 315 | 331 | 348 | 354 | 355 | 372 | 391 | 402 | 404 | 414 | |
| 205 | 215 | 220 | 226 | 212 | 213 | 216 | 225 | 239 | 261 | 267 | 272 | 275 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 57 | 35 | 42 | 77 | 53 | 66 | 45 | 109 | 92 | 10 | 135 | -34 | 107 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 7 | 8 | 8 | 13 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 6 |
| 123 | 104 | 117 | 151 | 163 | 190 | 173 | 229 | 218 | 132 | 262 | 91 | 232 | |
| Tax % | 23.82% | 22.91% | 23.72% | 26.21% | 23.00% | 22.21% | 21.95% | 16.36% | 23.12% | 27.20% | 22.44% | 30.95% | 25.68% |
| Net Profit | 0 | 0 | 0 | 0 | 114 | 135 | 121 | 181 | 154 | 83 | 188 | 50 | 172 |
| 14 | 11 | 14 | 17 | 19 | 23 | 20 | 30 | 26 | 14 | 31 | 8 | 3 | |
| Equity Capital | 61 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| 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 | 61 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 |
| 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
- 282
- 205
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 2
- Depreciation
- 7
- 123
- Tax %
- 23.82%
- Net Profit
- 0
- 14
- Equity Capital
- 61
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 61
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 295
- 215
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 2
- Depreciation
- 8
- 104
- Tax %
- 22.91%
- Net Profit
- 0
- 11
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 305
- 220
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 2
- Depreciation
- 8
- 117
- Tax %
- 23.72%
- Net Profit
- 0
- 14
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 315
- 226
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 2
- Depreciation
- 13
- 151
- Tax %
- 26.21%
- Net Profit
- 0
- 17
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 331
- 212
- Operating Profit
- —
- OPM %
- —
- Other Income
- 53
- Interest
- 2
- Depreciation
- 8
- 163
- Tax %
- 23.00%
- Net Profit
- 114
- 19
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 348
- 213
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 2
- Depreciation
- 8
- 190
- Tax %
- 22.21%
- Net Profit
- 135
- 23
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 354
- 216
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 2
- Depreciation
- 8
- 173
- Tax %
- 21.95%
- Net Profit
- 121
- 20
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 355
- 225
- Operating Profit
- —
- OPM %
- —
- Other Income
- 109
- Interest
- 2
- Depreciation
- 8
- 229
- Tax %
- 16.36%
- Net Profit
- 181
- 30
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 372
- 239
- Operating Profit
- —
- OPM %
- —
- Other Income
- 92
- Interest
- 1
- Depreciation
- 7
- 218
- Tax %
- 23.12%
- Net Profit
- 154
- 26
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 391
- 261
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 1
- Depreciation
- 7
- 132
- Tax %
- 27.20%
- Net Profit
- 83
- 14
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 402
- 267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 135
- Interest
- 1
- Depreciation
- 7
- 262
- Tax %
- 22.44%
- Net Profit
- 188
- 31
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 404
- 272
- Operating Profit
- —
- OPM %
- —
- Other Income
- -34
- Interest
- 1
- Depreciation
- 7
- 91
- Tax %
- 30.95%
- Net Profit
- 50
- 8
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 414
- 275
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 0
- Depreciation
- 6
- 232
- Tax %
- 25.68%
- Net Profit
- 172
- 3
- Equity Capital
- 60
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 60
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 318 | 411 | 507 | 639 | 670 | 753 | 985 | 1,197 | 1,388 | 1,569 | 1,611 | |
| 391 | 487 | 490 | 470 | 341 | 446 | 718 | 865 | 866 | 1,039 | 1,075 | |
| Operating Profit | -60 | -57 | 58 | 237 | 415 | 420 | 448 | 542 | 795 | 734 | — |
| OPM % | -19 | -14 | 11 | 37 | 62 | 56 | 46 | 45 | 57 | 47 | — |
| Other Income | 14 | 19 | 41 | 69 | 87 | 112 | 181 | 211 | 272 | 204 | 218 |
| Interest | 0 | 0 | 0 | 3 | 7 | 5 | 8 | 9 | 7 | 3 | 2 |
| Depreciation | 5 | 3 | 4 | 21 | 16 | 12 | 31 | 36 | 33 | 28 | 28 |
| -64 | -60 | 54 | 211 | 389 | 390 | 371 | 454 | 706 | 648 | 716 | |
| Tax % | -0 | 191 | 63 | 30 | 28 | 24 | 24 | 27 | 22 | 27 | 25 |
| Net Profit | -64 | 55 | 20 | 147 | 280 | 298 | 284 | 334 | 551 | 475 | 534 |
| EPS | -35 | 20 | 8 | 50 | 95 | 97 | 46 | 56 | 92 | 79 | — |
| Dividend Payout % | 0 | 0 | 0 | 20 | 16 | 2 | 22 | 36 | 54 | 76 | — |
| 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 | -55 |
| Adjusted EPS | -18 | 14 | 4 | 26 | 46 | 49 | 46 | 56 | 92 | 79 | — |
| 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 | -55 |
| Adjusted EPS | -18 | 14 | 4 | 26 | 46 | 49 | 46 | 56 | 92 | 79 | — |
Mar 2017
- 318
- 391
- Operating Profit
- -60
- OPM %
- -19
- Other Income
- 14
- Interest
- 0
- Depreciation
- 5
- -64
- Tax %
- -0
- Net Profit
- -64
- EPS
- -35
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- -18
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- -18
Mar 2018
- 411
- 487
- Operating Profit
- -57
- OPM %
- -14
- Other Income
- 19
- Interest
- 0
- Depreciation
- 3
- -60
- Tax %
- 191
- Net Profit
- 55
- EPS
- 20
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2019
- 507
- 490
- Operating Profit
- 58
- OPM %
- 11
- Other Income
- 41
- Interest
- 0
- Depreciation
- 4
- 54
- Tax %
- 63
- Net Profit
- 20
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 639
- 470
- Operating Profit
- 237
- OPM %
- 37
- Other Income
- 69
- Interest
- 3
- Depreciation
- 21
- 211
- Tax %
- 30
- Net Profit
- 147
- EPS
- 50
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
Mar 2021
- 670
- 341
- Operating Profit
- 415
- OPM %
- 62
- Other Income
- 87
- Interest
- 7
- Depreciation
- 16
- 389
- Tax %
- 28
- Net Profit
- 280
- EPS
- 95
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 46
Mar 2022
- 753
- 446
- Operating Profit
- 420
- OPM %
- 56
- Other Income
- 112
- Interest
- 5
- Depreciation
- 12
- 390
- Tax %
- 24
- Net Profit
- 298
- EPS
- 97
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
Mar 2023
- 985
- 718
- Operating Profit
- 448
- OPM %
- 46
- Other Income
- 181
- Interest
- 8
- Depreciation
- 31
- 371
- Tax %
- 24
- Net Profit
- 284
- EPS
- 46
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 46
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 46
Mar 2024
- 1,197
- 865
- Operating Profit
- 542
- OPM %
- 45
- Other Income
- 211
- Interest
- 9
- Depreciation
- 36
- 454
- Tax %
- 27
- Net Profit
- 334
- EPS
- 56
- Dividend Payout %
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
Mar 2025
- 1,388
- 866
- Operating Profit
- 795
- OPM %
- 57
- Other Income
- 272
- Interest
- 7
- Depreciation
- 33
- 706
- Tax %
- 22
- Net Profit
- 551
- EPS
- 92
- Dividend Payout %
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 92
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 92
Mar 2026
- 1,569
- 1,039
- Operating Profit
- 734
- OPM %
- 47
- Other Income
- 204
- Interest
- 3
- Depreciation
- 28
- 648
- Tax %
- 27
- Net Profit
- 475
- EPS
- 79
- Dividend Payout %
- 76
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 79
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 79
TTM
- 1,611
- 1,075
- Operating Profit
- —
- OPM %
- —
- Other Income
- 218
- Interest
- 2
- Depreciation
- 28
- 716
- Tax %
- 25
- Net Profit
- 534
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -55
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -55
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 20%
- 5 Years:
- 19%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- 19%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -13%
- 3 Years:
- -17%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 20%
- 3 Years:
- 23%
- Last Year:
- 21%
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 | 9 | 10 | 29 | 29 | 30 | 31 | 31 | 60 | 60 | 60 |
| -404 | -337 | 122 | 235 | 1,571 | 1,830 | 2,002 | 1,639 | 2,088 | 2,292 | |
| Trade Payables | 30 | 42 | 13 | 18 | 15 | 18 | 27 | 34 | 27 | 32 |
| 586 | 713 | 571 | 817 | 958 | 1,231 | 1,632 | 1,809 | 2,110 | 2,394 | |
| Total Liabilities | 221 | 428 | 735 | 1,098 | 2,575 | 3,110 | 3,692 | 3,542 | 4,286 | 4,778 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 9 | 8 | 9 | 86 | 65 | 56 | 553 | 536 | 515 | 494 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| 136 | 311 | 607 | 901 | 2,254 | 2,722 | 2,784 | 2,746 | 3,453 | 3,792 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 | 5 | |
| Cash & Bank | 41 | 47 | 78 | 24 | 78 | 77 | 58 | 101 | 84 | 91 |
| 35 | 62 | 41 | 87 | 178 | 256 | 297 | 154 | 229 | 395 | |
| Total Assets | 221 | 428 | 735 | 1,098 | 2,575 | 3,110 | 3,692 | 3,542 | 4,286 | 4,778 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -35 | 66 | 300 | 430 | 1,843 | 1,782 | 1,507 | 1,303 | 1,714 | 1,829 |
| Contingent Liabilities | 1 | 0 | 6 | 30 | 30 | 30 | 32 | 32 | 52 | 52 |
| Book Value per Share | -430.43 | -328.14 | 52.83 | 91.23 | 528.15 | 609.12 | 664.78 | 283.38 | 358.01 | 391.39 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -35 | 66 | 300 | 430 | 1,843 | 1,782 | 1,507 | 1,303 | 1,714 | 1,829 |
| Contingent Liabilities | 1 | 0 | 6 | 30 | 30 | 30 | 32 | 32 | 52 | 52 |
| Book Value per Share | -430.43 | -328.14 | 52.83 | 91.23 | 528.15 | 609.12 | 664.78 | 283.38 | 358.01 | 391.39 |
| 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
- 9
- -404
- Trade Payables
- 30
- 586
- Total Liabilities
- 221
- 9
- Capital Work in Progress
- 0
- 136
- 0
- Cash & Bank
- 41
- 35
- Total Assets
- 221
- Total Debt
- 0
- Net Working Capital
- -35
- Contingent Liabilities
- 1
- Book Value per Share
- -430.43
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -35
- Contingent Liabilities
- 1
- Book Value per Share
- -430.43
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- -337
- Trade Payables
- 42
- 713
- Total Liabilities
- 428
- 8
- Capital Work in Progress
- 0
- 311
- 0
- Cash & Bank
- 47
- 62
- Total Assets
- 428
- Total Debt
- 0
- Net Working Capital
- 66
- Contingent Liabilities
- 0
- Book Value per Share
- -328.14
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 66
- Contingent Liabilities
- 0
- Book Value per Share
- -328.14
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 29
- 122
- Trade Payables
- 13
- 571
- Total Liabilities
- 735
- 9
- Capital Work in Progress
- 0
- 607
- 0
- Cash & Bank
- 78
- 41
- Total Assets
- 735
- Total Debt
- 0
- Net Working Capital
- 300
- Contingent Liabilities
- 6
- Book Value per Share
- 52.83
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 300
- Contingent Liabilities
- 6
- Book Value per Share
- 52.83
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 29
- 235
- Trade Payables
- 18
- 817
- Total Liabilities
- 1,098
- 86
- Capital Work in Progress
- 0
- 901
- 0
- Cash & Bank
- 24
- 87
- Total Assets
- 1,098
- Total Debt
- 0
- Net Working Capital
- 430
- Contingent Liabilities
- 30
- Book Value per Share
- 91.23
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 430
- Contingent Liabilities
- 30
- Book Value per Share
- 91.23
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 30
- 1,571
- Trade Payables
- 15
- 958
- Total Liabilities
- 2,575
- 65
- Capital Work in Progress
- 0
- 2,254
- 0
- Cash & Bank
- 78
- 178
- Total Assets
- 2,575
- Total Debt
- 0
- Net Working Capital
- 1,843
- Contingent Liabilities
- 30
- Book Value per Share
- 528.15
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,843
- Contingent Liabilities
- 30
- Book Value per Share
- 528.15
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 1,830
- Trade Payables
- 18
- 1,231
- Total Liabilities
- 3,110
- 56
- Capital Work in Progress
- 0
- 2,722
- 0
- Cash & Bank
- 77
- 256
- Total Assets
- 3,110
- Total Debt
- 0
- Net Working Capital
- 1,782
- Contingent Liabilities
- 30
- Book Value per Share
- 609.12
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,782
- Contingent Liabilities
- 30
- Book Value per Share
- 609.12
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 2,002
- Trade Payables
- 27
- 1,632
- Total Liabilities
- 3,692
- 553
- Capital Work in Progress
- 0
- 2,784
- 0
- Cash & Bank
- 58
- 297
- Total Assets
- 3,692
- Total Debt
- 0
- Net Working Capital
- 1,507
- Contingent Liabilities
- 32
- Book Value per Share
- 664.78
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,507
- Contingent Liabilities
- 32
- Book Value per Share
- 664.78
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 60
- 1,639
- Trade Payables
- 34
- 1,809
- Total Liabilities
- 3,542
- 536
- Capital Work in Progress
- 1
- 2,746
- 5
- Cash & Bank
- 101
- 154
- Total Assets
- 3,542
- Total Debt
- 0
- Net Working Capital
- 1,303
- Contingent Liabilities
- 32
- Book Value per Share
- 283.38
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,303
- Contingent Liabilities
- 32
- Book Value per Share
- 283.38
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 60
- 2,088
- Trade Payables
- 27
- 2,110
- Total Liabilities
- 4,286
- 515
- Capital Work in Progress
- 0
- 3,453
- 4
- Cash & Bank
- 84
- 229
- Total Assets
- 4,286
- Total Debt
- 0
- Net Working Capital
- 1,714
- Contingent Liabilities
- 52
- Book Value per Share
- 358.01
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,714
- Contingent Liabilities
- 52
- Book Value per Share
- 358.01
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 60
- 2,292
- Trade Payables
- 32
- 2,394
- Total Liabilities
- 4,778
- 494
- Capital Work in Progress
- 0
- 3,792
- 5
- Cash & Bank
- 91
- 395
- Total Assets
- 4,778
- Total Debt
- 0
- Net Working Capital
- 1,829
- Contingent Liabilities
- 52
- Book Value per Share
- 391.39
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 1,829
- Contingent Liabilities
- 52
- Book Value per Share
- 391.39
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 179 | 255 | 261 | 323 | 402 | 476 | 559 | 623 | 694 | |
| Cash from Investing | -8 | -165 | -276 | -233 | -1,338 | -335 | -324 | 162 | -486 | -347 |
| Cash from Financing | 7 | 15 | 14 | -51 | 1,038 | -58 | -143 | -695 | -148 | -340 |
| -1 | 29 | -7 | -23 | 23 | 9 | 9 | 27 | -11 | 7 | |
| Free Cash Flow | -3 | 179 | 250 | 164 | 323 | 402 | -48 | 544 | 616 | 688 |
| OCF / Net Profit | 0.01 | 3.27 | 12.73 | 1.77 | 1.15 | 1.35 | 1.68 | 1.67 | 1.13 | 1.46 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 912 | 1,317 | 1,091 | 1,385 | 1,837 | 2,203 |
| OCF / Net Profit | 0.01 | 3.27 | 12.73 | 1.77 | 1.15 | 1.35 | 1.68 | 1.67 | 1.13 | 1.46 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 912 | 1,317 | 1,091 | 1,385 | 1,837 | 2,203 |
Mar 2017
- -1
- Cash from Investing
- -8
- Cash from Financing
- 7
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
Mar 2018
- 179
- Cash from Investing
- -165
- Cash from Financing
- 15
- 29
- Free Cash Flow
- 179
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 0
Mar 2019
- 255
- Cash from Investing
- -276
- Cash from Financing
- 14
- -7
- Free Cash Flow
- 250
- OCF / Net Profit
- 12.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.73
- Cumulative 5-Year FCF
- 0
Mar 2020
- 261
- Cash from Investing
- -233
- Cash from Financing
- -51
- -23
- Free Cash Flow
- 164
- OCF / Net Profit
- 1.77
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.77
- Cumulative 5-Year FCF
- 0
Mar 2021
- 323
- Cash from Investing
- -1,338
- Cash from Financing
- 1,038
- 23
- Free Cash Flow
- 323
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 912
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 912
Mar 2022
- 402
- Cash from Investing
- -335
- Cash from Financing
- -58
- 9
- Free Cash Flow
- 402
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 1,317
- OCF / Net Profit
- 1.35
- Cumulative 5-Year FCF
- 1,317
Mar 2023
- 476
- Cash from Investing
- -324
- Cash from Financing
- -143
- 9
- Free Cash Flow
- -48
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 1,091
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 1,091
Mar 2024
- 559
- Cash from Investing
- 162
- Cash from Financing
- -695
- 27
- Free Cash Flow
- 544
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 1,385
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- 1,385
Mar 2025
- 623
- Cash from Investing
- -486
- Cash from Financing
- -148
- -11
- Free Cash Flow
- 616
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 1,837
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 1,837
Mar 2026
- 694
- Cash from Investing
- -347
- Cash from Financing
- -340
- 7
- Free Cash Flow
- 688
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 2,203
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 2,203
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 (₹) | -70.20 | 54.87 | 7.01 | 51.04 | 92.29 | 97.41 | 92.82 | 55.71 | 91.78 | 79.00 |
| Book Value (₹) | -430.43 | -328.14 | 52.83 | 91.23 | 528.15 | 609.12 | 664.78 | 283.38 | 358.01 | 391.39 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 10.00 | 15.00 | 2.00 | 20.00 | 20.00 | 50.00 | 60.00 |
| Cash EPS (₹) | -16.28 | 14.44 | 4.23 | 29.18 | 48.79 | 50.66 | 51.49 | 61.79 | 97.27 | 83.74 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -18.73% | -13.94% | 11.44% | 37.17% | 61.94% | 55.75% | 45.51% | 27.69% | 37.66% | 33.78% |
| Net Margin % | -20.25% | 13.34% | 3.95% | 23.07% | 41.78% | 39.50% | 28.80% | 27.90% | 39.67% | 30.25% |
| ROE % | 0.00% | 0.00% | 0.00% | 71.12% | 30.01% | 17.19% | 14.58% | 17.90% | 28.63% | 21.10% |
| ROCE % | 0.00% | 0.00% | 0.00% | 98.73% | 42.00% | 22.72% | 19.30% | 24.42% | 36.38% | 28.39% |
| -30.95% | 16.88% | 3.45% | 16.08% | 15.23% | 10.47% | 8.34% | 9.23% | 14.07% | 10.47% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 0.00x | 0.00x | 65.40x | 59.44x | 73.28x | 46.55x | 51.98x | 96.30x | 218.36x |
| 0.86x | 1.21x | 1.71x | 1.88x | 4.41x | 3.71x | 2.60x | 2.12x | 2.25x | 2.21x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 29.30% | 29.19% | 23.61% | 25.90% | 4.81% | 12.53% | 30.78% | 21.45% | 16.01% | 13.02% |
| Operating Profit Growth % | 53.30% | 3.86% | 201.46% | 309.11% | 74.64% | 1.28% | 6.75% | 20.86% | 46.73% | -7.68% |
| Net Profit Growth % | 51.09% | 185.10% | -63.40% | 635.29% | 89.83% | 6.38% | -4.63% | 17.66% | 64.90% | -13.80% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -39.98% | 64.75% | -13.92% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 47.49x | 22.50x | 25.11x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.34x | 5.77x | 5.07x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.76% | 2.42% | 3.02% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.08x | 15.48x | 16.11x |
Mar 2017
- EPS (₹)
- -70.20
- Book Value (₹)
- -430.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -16.28
- Operating Margin %
- -18.73%
- Net Margin %
- -20.25%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- -30.95%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.86x
- Revenue Growth %
- 29.30%
- Operating Profit Growth %
- 53.30%
- Net Profit Growth %
- 51.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 54.87
- Book Value (₹)
- -328.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.44
- Operating Margin %
- -13.94%
- Net Margin %
- 13.34%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 16.88%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 1.21x
- Revenue Growth %
- 29.19%
- Operating Profit Growth %
- 3.86%
- Net Profit Growth %
- 185.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.01
- Book Value (₹)
- 52.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.23
- Operating Margin %
- 11.44%
- Net Margin %
- 3.95%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 3.45%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 1.71x
- Revenue Growth %
- 23.61%
- Operating Profit Growth %
- 201.46%
- Net Profit Growth %
- -63.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 51.04
- Book Value (₹)
- 91.23
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 29.18
- Operating Margin %
- 37.17%
- Net Margin %
- 23.07%
- ROE %
- 71.12%
- ROCE %
- 98.73%
- 16.08%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 65.40x
- 1.88x
- Revenue Growth %
- 25.90%
- Operating Profit Growth %
- 309.11%
- Net Profit Growth %
- 635.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 92.29
- Book Value (₹)
- 528.15
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 48.79
- Operating Margin %
- 61.94%
- Net Margin %
- 41.78%
- ROE %
- 30.01%
- ROCE %
- 42.00%
- 15.23%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 59.44x
- 4.41x
- Revenue Growth %
- 4.81%
- Operating Profit Growth %
- 74.64%
- Net Profit Growth %
- 89.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 97.41
- Book Value (₹)
- 609.12
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 50.66
- Operating Margin %
- 55.75%
- Net Margin %
- 39.50%
- ROE %
- 17.19%
- ROCE %
- 22.72%
- 10.47%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 73.28x
- 3.71x
- Revenue Growth %
- 12.53%
- Operating Profit Growth %
- 1.28%
- Net Profit Growth %
- 6.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 92.82
- Book Value (₹)
- 664.78
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 51.49
- Operating Margin %
- 45.51%
- Net Margin %
- 28.80%
- ROE %
- 14.58%
- ROCE %
- 19.30%
- 8.34%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 46.55x
- 2.60x
- Revenue Growth %
- 30.78%
- Operating Profit Growth %
- 6.75%
- Net Profit Growth %
- -4.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 55.71
- Book Value (₹)
- 283.38
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 61.79
- Operating Margin %
- 27.69%
- Net Margin %
- 27.90%
- ROE %
- 17.90%
- ROCE %
- 24.42%
- 9.23%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 51.98x
- 2.12x
- Revenue Growth %
- 21.45%
- Operating Profit Growth %
- 20.86%
- Net Profit Growth %
- 17.66%
- -39.98%
- P/E (x)
- 47.49x
- P/B (x)
- 9.34x
- Dividend Yield %
- 0.76%
- 29.08x
Mar 2025
- EPS (₹)
- 91.78
- Book Value (₹)
- 358.01
- Dividend per Share (₹)
- 50.00
- Cash EPS (₹)
- 97.27
- Operating Margin %
- 37.66%
- Net Margin %
- 39.67%
- ROE %
- 28.63%
- ROCE %
- 36.38%
- 14.07%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 96.30x
- 2.25x
- Revenue Growth %
- 16.01%
- Operating Profit Growth %
- 46.73%
- Net Profit Growth %
- 64.90%
- 64.75%
- P/E (x)
- 22.50x
- P/B (x)
- 5.77x
- Dividend Yield %
- 2.42%
- 15.48x
Mar 2026
- EPS (₹)
- 79.00
- Book Value (₹)
- 391.39
- Dividend per Share (₹)
- 60.00
- Cash EPS (₹)
- 83.74
- Operating Margin %
- 33.78%
- Net Margin %
- 30.25%
- ROE %
- 21.10%
- ROCE %
- 28.39%
- 10.47%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 218.36x
- 2.21x
- Revenue Growth %
- 13.02%
- Operating Profit Growth %
- -7.68%
- Net Profit Growth %
- -13.80%
- -13.92%
- P/E (x)
- 25.11x
- P/B (x)
- 5.07x
- Dividend Yield %
- 3.02%
- 16.11x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-20 - Please find enclosed outcome of Analyst/Institutional investor meet/call.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Please find enclosed outcome of Analyst/Institutional investor meet/call.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
May 2026
Jan 2026