Indiamart Intermesh Ltd.

•

₹ 1,742.2-0.4%

2026-08-21

indiamart.comBSE: 542726NSE: INDIAMART

Market Cap₹ 10,422 Cr.

Current Price₹ 1,749

High / Low₹ 2,685 / 1,730

Stock P/E0.0

Book Value₹ 444

Price to Book4.78

Dividend Yield3.46 %

ROCE28.9 %

ROE22.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Income from Web Services: 99.5% • Advertisement & Marketing Services: 0.5%

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 30.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 24.0%
Company has delivered good sales growth of 16.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.22x)
Company has been maintaining a healthy dividend payout of 68.6%

CONS

Recent results are weak - TTM profit is down 28.0% versus prior year
A large part of profit comes from other income (27.5% of PBT)
Operating margins have contracted to 36.1% from 39.9%

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

Peer comparison

EDIT COLUMNS

Consumer ServicesRetailinge-Commerce

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.	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

Standalone Figures in Rs. Crores / View Consolidated

	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
	268	281	291	299	315	332	337	336	346	360	368	368	376
	192	200	204	209	198	212	193	203	212	245	232	234	230
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	54	32	39	45	51	62	23	148	84	8	132	-34	88
Interest	1	1	1	1	1	1	1	1	1	1	1	1	0
Depreciation	4	5	5	10	5	5	5	5	4	4	4	3	3
	124	107	119	125	162	176	161	275	215	119	264	97	234
Tax %	23.15%	22.38%	23.15%	25.92%	23.27%	27.68%	22.37%	15.86%	22.72%	29.65%	21.96%	28.17%	24.84%
Net Profit	95	83	92	92	124	127	125	231	166	84	206	70	176
	16	14	15	15	21	21	21	39	28	14	34	12	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

: 268
: 192
Operating Profit: —
OPM %: —
Other Income: 54
Interest: 1
Depreciation: 4
: 124
Tax %: 23.15%
Net Profit: 95
: 16
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 61
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 281
: 200
Operating Profit: —
OPM %: —
Other Income: 32
Interest: 1
Depreciation: 5
: 107
Tax %: 22.38%
Net Profit: 83
: 14
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 291
: 204
Operating Profit: —
OPM %: —
Other Income: 39
Interest: 1
Depreciation: 5
: 119
Tax %: 23.15%
Net Profit: 92
: 15
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 299
: 209
Operating Profit: —
OPM %: —
Other Income: 45
Interest: 1
Depreciation: 10
: 125
Tax %: 25.92%
Net Profit: 92
: 15
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 315
: 198
Operating Profit: —
OPM %: —
Other Income: 51
Interest: 1
Depreciation: 5
: 162
Tax %: 23.27%
Net Profit: 124
: 21
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 332
: 212
Operating Profit: —
OPM %: —
Other Income: 62
Interest: 1
Depreciation: 5
: 176
Tax %: 27.68%
Net Profit: 127
: 21
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 337
: 193
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 1
Depreciation: 5
: 161
Tax %: 22.37%
Net Profit: 125
: 21
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 336
: 203
Operating Profit: —
OPM %: —
Other Income: 148
Interest: 1
Depreciation: 5
: 275
Tax %: 15.86%
Net Profit: 231
: 39
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 346
: 212
Operating Profit: —
OPM %: —
Other Income: 84
Interest: 1
Depreciation: 4
: 215
Tax %: 22.72%
Net Profit: 166
: 28
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 360
: 245
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 1
Depreciation: 4
: 119
Tax %: 29.65%
Net Profit: 84
: 14
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 368
: 232
Operating Profit: —
OPM %: —
Other Income: 132
Interest: 1
Depreciation: 4
: 264
Tax %: 21.96%
Net Profit: 206
: 34
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 368
: 234
Operating Profit: —
OPM %: —
Other Income: -34
Interest: 1
Depreciation: 3
: 97
Tax %: 28.17%
Net Profit: 70
: 12
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 376
: 230
Operating Profit: —
OPM %: —
Other Income: 88
Interest: 0
Depreciation: 3
: 234
Tax %: 24.84%
Net Profit: 176
: 3
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 60
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	309	404	497	624	665	751	939	1,139	1,320	1,443	1,472
	333	607	488	451	336	443	679	814	807	923	941
Operating Profit	-9	-185	50	241	418	420	375	503	797	711	—
OPM %	-3	-46	10	39	63	56	40	44	60	49	—
Other Income	15	19	41	68	89	112	115	179	284	191	194
Interest	0	0	0	3	7	5	5	4	4	3	2
Depreciation	4	3	4	21	16	12	19	25	21	14	13
	-13	-187	46	210	396	403	345	475	773	694	714
Tax %	0	61	73	30	28	23	21	24	21	24	25
Net Profit	-13	-72	13	146	287	310	272	362	607	525	535
EPS	-7	-38	5	50	97	101	44	60	101	87	—
Dividend Payout %	0	0	0	20	16	2	22	33	49	69	—
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	-4	-18	2	25	47	51	45	60	101	87	—
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	-4	-18	2	25	47	51	45	60	101	87	—

Mar 2017

: 309
: 333
Operating Profit: -9
OPM %: -3
Other Income: 15
Interest: 0
Depreciation: 4
: -13
Tax %: 0
Net Profit: -13
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

Mar 2018

: 404
: 607
Operating Profit: -185
OPM %: -46
Other Income: 19
Interest: 0
Depreciation: 3
: -187
Tax %: 61
Net Profit: -72
EPS: -38
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -18

Mar 2019

: 497
: 488
Operating Profit: 50
OPM %: 10
Other Income: 41
Interest: 0
Depreciation: 4
: 46
Tax %: 73
Net Profit: 13
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2020

: 624
: 451
Operating Profit: 241
OPM %: 39
Other Income: 68
Interest: 3
Depreciation: 21
: 210
Tax %: 30
Net Profit: 146
EPS: 50
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 25

Mar 2021

: 665
: 336
Operating Profit: 418
OPM %: 63
Other Income: 89
Interest: 7
Depreciation: 16
: 396
Tax %: 28
Net Profit: 287
EPS: 97
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 47
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 47

Mar 2022

: 751
: 443
Operating Profit: 420
OPM %: 56
Other Income: 112
Interest: 5
Depreciation: 12
: 403
Tax %: 23
Net Profit: 310
EPS: 101
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 51

Mar 2023

: 939
: 679
Operating Profit: 375
OPM %: 40
Other Income: 115
Interest: 5
Depreciation: 19
: 345
Tax %: 21
Net Profit: 272
EPS: 44
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45

Mar 2024

: 1,139
: 814
Operating Profit: 503
OPM %: 44
Other Income: 179
Interest: 4
Depreciation: 25
: 475
Tax %: 24
Net Profit: 362
EPS: 60
Dividend Payout %: 33
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 60
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 60

Mar 2025

: 1,320
: 807
Operating Profit: 797
OPM %: 60
Other Income: 284
Interest: 4
Depreciation: 21
: 773
Tax %: 21
Net Profit: 607
EPS: 101
Dividend Payout %: 49
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 101
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 101

Mar 2026

: 1,443
: 923
Operating Profit: 711
OPM %: 49
Other Income: 191
Interest: 3
Depreciation: 14
: 694
Tax %: 24
Net Profit: 525
EPS: 87
Dividend Payout %: 69
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 87
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 87

TTM

: 1,472
: 941
Operating Profit: —
OPM %: —
Other Income: 194
Interest: 2
Depreciation: 13
: 714
Tax %: 25
Net Profit: 535
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:: 20%
5 Years:: 17%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 13%
3 Years:: 24%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -13%
3 Years:: -17%
1 Year:: -33%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 21%
3 Years:: 24%
Last Year:: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	-267	-328	125	236	1,577	1,849	2,008	1,673	2,179	2,433
Trade Payables	29	41	13	18	15	18	25	32	24	26
	584	711	567	812	957	1,229	1,544	1,691	1,974	2,229
Total Liabilities	356	434	733	1,094	2,579	3,127	3,609	3,456	4,237	4,748
ASSETS	-	-	-	-	-	-	-	-	-	-
	126	8	9	85	65	56	53	47	33	21
Capital Work in Progress	0	0	0	0	0	0	0	1	0	0
	156	322	614	906	2,267	2,745	3,224	3,199	3,944	4,326
	0	0	0	0	0	0	0	1	2	1
Cash & Bank	40	45	73	20	73	73	50	81	69	77
	34	58	37	83	175	252	281	126	189	323
Total Assets	356	434	733	1,094	2,579	3,127	3,609	3,456	4,237	4,748
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-36	61	292	420	1,837	1,776	1,399	1,195	1,620	1,701
Contingent Liabilities	1	0	0	0	0	0	2	2	22	22
Book Value per Share	-281.10	-318.42	53.70	91.73	530.05	615.04	666.72	289.09	373.16	414.91
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	-36	61	292	420	1,837	1,776	1,399	1,195	1,620	1,701
Contingent Liabilities	1	0	0	0	0	0	2	2	22	22
Book Value per Share	-281.10	-318.42	53.70	91.73	530.05	615.04	666.72	289.09	373.16	414.91
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
: -267
Trade Payables: 29
: 584
Total Liabilities: 356
: 126
Capital Work in Progress: 0
: 156
: 0
Cash & Bank: 40
: 34
Total Assets: 356
Total Debt: 0
Net Working Capital: -36
Contingent Liabilities: 1
Book Value per Share: -281.10
Face Value: 10.00
Total Debt: 0
Net Working Capital: -36
Contingent Liabilities: 1
Book Value per Share: -281.10
Face Value: 10.00

Mar 2018

Equity Capital: 10
: -328
Trade Payables: 41
: 711
Total Liabilities: 434
: 8
Capital Work in Progress: 0
: 322
: 0
Cash & Bank: 45
: 58
Total Assets: 434
Total Debt: 0
Net Working Capital: 61
Contingent Liabilities: 0
Book Value per Share: -318.42
Face Value: 10.00
Total Debt: 0
Net Working Capital: 61
Contingent Liabilities: 0
Book Value per Share: -318.42
Face Value: 10.00

Mar 2019

Equity Capital: 29
: 125
Trade Payables: 13
: 567
Total Liabilities: 733
: 9
Capital Work in Progress: 0
: 614
: 0
Cash & Bank: 73
: 37
Total Assets: 733
Total Debt: 0
Net Working Capital: 292
Contingent Liabilities: 0
Book Value per Share: 53.70
Face Value: 10.00
Total Debt: 0
Net Working Capital: 292
Contingent Liabilities: 0
Book Value per Share: 53.70
Face Value: 10.00

Mar 2020

Equity Capital: 29
: 236
Trade Payables: 18
: 812
Total Liabilities: 1,094
: 85
Capital Work in Progress: 0
: 906
: 0
Cash & Bank: 20
: 83
Total Assets: 1,094
Total Debt: 0
Net Working Capital: 420
Contingent Liabilities: 0
Book Value per Share: 91.73
Face Value: 10.00
Total Debt: 0
Net Working Capital: 420
Contingent Liabilities: 0
Book Value per Share: 91.73
Face Value: 10.00

Mar 2021

Equity Capital: 30
: 1,577
Trade Payables: 15
: 957
Total Liabilities: 2,579
: 65
Capital Work in Progress: 0
: 2,267
: 0
Cash & Bank: 73
: 175
Total Assets: 2,579
Total Debt: 0
Net Working Capital: 1,837
Contingent Liabilities: 0
Book Value per Share: 530.05
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,837
Contingent Liabilities: 0
Book Value per Share: 530.05
Face Value: 10.00

Mar 2022

Equity Capital: 31
: 1,849
Trade Payables: 18
: 1,229
Total Liabilities: 3,127
: 56
Capital Work in Progress: 0
: 2,745
: 0
Cash & Bank: 73
: 252
Total Assets: 3,127
Total Debt: 0
Net Working Capital: 1,776
Contingent Liabilities: 0
Book Value per Share: 615.04
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,776
Contingent Liabilities: 0
Book Value per Share: 615.04
Face Value: 10.00

Mar 2023

Equity Capital: 31
: 2,008
Trade Payables: 25
: 1,544
Total Liabilities: 3,609
: 53
Capital Work in Progress: 0
: 3,224
: 0
Cash & Bank: 50
: 281
Total Assets: 3,609
Total Debt: 0
Net Working Capital: 1,399
Contingent Liabilities: 2
Book Value per Share: 666.72
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,399
Contingent Liabilities: 2
Book Value per Share: 666.72
Face Value: 10.00

Mar 2024

Equity Capital: 60
: 1,673
Trade Payables: 32
: 1,691
Total Liabilities: 3,456
: 47
Capital Work in Progress: 1
: 3,199
: 1
Cash & Bank: 81
: 126
Total Assets: 3,456
Total Debt: 0
Net Working Capital: 1,195
Contingent Liabilities: 2
Book Value per Share: 289.09
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,195
Contingent Liabilities: 2
Book Value per Share: 289.09
Face Value: 10.00

Mar 2025

Equity Capital: 60
: 2,179
Trade Payables: 24
: 1,974
Total Liabilities: 4,237
: 33
Capital Work in Progress: 0
: 3,944
: 2
Cash & Bank: 69
: 189
Total Assets: 4,237
Total Debt: 0
Net Working Capital: 1,620
Contingent Liabilities: 22
Book Value per Share: 373.16
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,620
Contingent Liabilities: 22
Book Value per Share: 373.16
Face Value: 10.00

Mar 2026

Equity Capital: 60
: 2,433
Trade Payables: 26
: 2,229
Total Liabilities: 4,748
: 21
Capital Work in Progress: 0
: 4,326
: 1
Cash & Bank: 77
: 323
Total Assets: 4,748
Total Debt: 0
Net Working Capital: 1,701
Contingent Liabilities: 22
Book Value per Share: 414.91
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,701
Contingent Liabilities: 22
Book Value per Share: 414.91
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	59	183	259	264	326	407	464	545	614	668
Cash from Investing	-60	-170	-282	-236	-1,343	-339	-316	181	-492	-347
Cash from Financing	7	15	14	-51	1,038	-58	-143	-695	-135	-313
	6	28	-9	-23	22	10	5	31	-12	8
Free Cash Flow	-62	183	259	167	326	407	452	531	612	668
OCF / Net Profit	-4.49	-2.53	20.55	1.81	1.14	1.31	1.70	1.51	1.01	1.27
Cumulative 5-Year FCF	0	0	0	0	874	1,342	1,611	1,883	2,328	2,669
OCF / Net Profit	-4.49	-2.53	20.55	1.81	1.14	1.31	1.70	1.51	1.01	1.27
Cumulative 5-Year FCF	0	0	0	0	874	1,342	1,611	1,883	2,328	2,669

Mar 2017

: 59
Cash from Investing: -60
Cash from Financing: 7
: 6
Free Cash Flow: -62
OCF / Net Profit: -4.49
Cumulative 5-Year FCF: 0
OCF / Net Profit: -4.49
Cumulative 5-Year FCF: 0

Mar 2018

: 183
Cash from Investing: -170
Cash from Financing: 15
: 28
Free Cash Flow: 183
OCF / Net Profit: -2.53
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.53
Cumulative 5-Year FCF: 0

Mar 2019

: 259
Cash from Investing: -282
Cash from Financing: 14
: -9
Free Cash Flow: 259
OCF / Net Profit: 20.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 20.55
Cumulative 5-Year FCF: 0

Mar 2020

: 264
Cash from Investing: -236
Cash from Financing: -51
: -23
Free Cash Flow: 167
OCF / Net Profit: 1.81
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.81
Cumulative 5-Year FCF: 0

Mar 2021

: 326
Cash from Investing: -1,343
Cash from Financing: 1,038
: 22
Free Cash Flow: 326
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 874
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 874

Mar 2022

: 407
Cash from Investing: -339
Cash from Financing: -58
: 10
Free Cash Flow: 407
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: 1,342
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: 1,342

Mar 2023

: 464
Cash from Investing: -316
Cash from Financing: -143
: 5
Free Cash Flow: 452
OCF / Net Profit: 1.70
Cumulative 5-Year FCF: 1,611
OCF / Net Profit: 1.70
Cumulative 5-Year FCF: 1,611

Mar 2024

: 545
Cash from Investing: 181
Cash from Financing: -695
: 31
Free Cash Flow: 531
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 1,883
OCF / Net Profit: 1.51
Cumulative 5-Year FCF: 1,883

Mar 2025

: 614
Cash from Investing: -492
Cash from Financing: -135
: -12
Free Cash Flow: 612
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 2,328
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 2,328

Mar 2026

: 668
Cash from Investing: -347
Cash from Financing: -313
: 8
Free Cash Flow: 668
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 2,669
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 2,669

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-14.28	-72.61	4.40	50.63	94.57	101.41	89.01	60.42	101.20	87.41
Book Value (₹)	-281.10	-318.42	53.70	91.73	530.05	615.04	666.72	289.09	373.16	414.91
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 (₹)	-2.48	-17.45	2.90	28.94	49.90	52.65	47.66	64.52	104.62	89.72
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-2.94%	-45.77%	10.12%	38.66%	62.93%	55.94%	39.89%	28.50%	38.89%	36.06%
Net Margin %	-4.24%	-17.95%	2.53%	23.45%	43.11%	41.27%	28.99%	31.80%	46.00%	36.40%
ROE %	0.00%	0.00%	0.00%	69.88%	30.63%	17.78%	13.89%	19.21%	30.57%	22.20%
ROCE %	0.00%	0.00%	0.00%	98.01%	42.58%	23.26%	17.69%	24.98%	38.39%	28.94%
	-4.22%	-18.34%	2.16%	16.00%	15.61%	10.86%	8.08%	10.25%	15.79%	11.69%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	1	0	0	0	1	1	1	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	1	0	0	0	1	1	1	0	0	0
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	64.96x	60.43x	75.54x	74.80x	112.16x	207.12x	257.35x
	0.85x	1.19x	1.70x	1.86x	4.40x	3.70x	2.53x	2.08x	2.26x	2.21x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	29.83%	30.76%	23.23%	25.39%	6.66%	12.89%	25.05%	21.32%	15.90%	9.30%
Operating Profit Growth %	83.72%	-1933.98%	127.25%	378.99%	73.61%	0.35%	-10.82%	34.44%	58.34%	-10.81%
Net Profit Growth %	77.72%	-453.15%	117.38%	1061.03%	96.10%	8.06%	-12.15%	33.07%	67.65%	-13.51%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-32.12%	67.50%	-13.62%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	43.79x	20.41x	22.70x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.15x	5.53x	4.78x
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	31.34x	15.46x	16.66x

Mar 2017

EPS (₹): -14.28
Book Value (₹): -281.10
Dividend per Share (₹): 0.00
Cash EPS (₹): -2.48
Operating Margin %: -2.94%
Net Margin %: -4.24%
ROE %: 0.00%
ROCE %: 0.00%
: -4.22%
Debtor Days: 1
Inventory Days: 0
Payable Days: 0
: 1
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 0.85x
Revenue Growth %: 29.83%
Operating Profit Growth %: 83.72%
Net Profit Growth %: 77.72%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -72.61
Book Value (₹): -318.42
Dividend per Share (₹): 0.00
Cash EPS (₹): -17.45
Operating Margin %: -45.77%
Net Margin %: -17.95%
ROE %: 0.00%
ROCE %: 0.00%
: -18.34%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.19x
Revenue Growth %: 30.76%
Operating Profit Growth %: -1933.98%
Net Profit Growth %: -453.15%
: 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 (₹): 53.70
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.90
Operating Margin %: 10.12%
Net Margin %: 2.53%
ROE %: 0.00%
ROCE %: 0.00%
: 2.16%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.70x
Revenue Growth %: 23.23%
Operating Profit Growth %: 127.25%
Net Profit Growth %: 117.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 50.63
Book Value (₹): 91.73
Dividend per Share (₹): 10.00
Cash EPS (₹): 28.94
Operating Margin %: 38.66%
Net Margin %: 23.45%
ROE %: 69.88%
ROCE %: 98.01%
: 16.00%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 64.96x
: 1.86x
Revenue Growth %: 25.39%
Operating Profit Growth %: 378.99%
Net Profit Growth %: 1061.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 94.57
Book Value (₹): 530.05
Dividend per Share (₹): 15.00
Cash EPS (₹): 49.90
Operating Margin %: 62.93%
Net Margin %: 43.11%
ROE %: 30.63%
ROCE %: 42.58%
: 15.61%
Debtor Days: 1
Inventory Days: 0
Payable Days: 0
: 1
Debt to Equity (x): 0.00x
Interest Coverage (x): 60.43x
: 4.40x
Revenue Growth %: 6.66%
Operating Profit Growth %: 73.61%
Net Profit Growth %: 96.10%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 101.41
Book Value (₹): 615.04
Dividend per Share (₹): 2.00
Cash EPS (₹): 52.65
Operating Margin %: 55.94%
Net Margin %: 41.27%
ROE %: 17.78%
ROCE %: 23.26%
: 10.86%
Debtor Days: 1
Inventory Days: 0
Payable Days: 0
: 1
Debt to Equity (x): 0.00x
Interest Coverage (x): 75.54x
: 3.70x
Revenue Growth %: 12.89%
Operating Profit Growth %: 0.35%
Net Profit Growth %: 8.06%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 89.01
Book Value (₹): 666.72
Dividend per Share (₹): 20.00
Cash EPS (₹): 47.66
Operating Margin %: 39.89%
Net Margin %: 28.99%
ROE %: 13.89%
ROCE %: 17.69%
: 8.08%
Debtor Days: 1
Inventory Days: 0
Payable Days: 0
: 1
Debt to Equity (x): 0.00x
Interest Coverage (x): 74.80x
: 2.53x
Revenue Growth %: 25.05%
Operating Profit Growth %: -10.82%
Net Profit Growth %: -12.15%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 60.42
Book Value (₹): 289.09
Dividend per Share (₹): 20.00
Cash EPS (₹): 64.52
Operating Margin %: 28.50%
Net Margin %: 31.80%
ROE %: 19.21%
ROCE %: 24.98%
: 10.25%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 112.16x
: 2.08x
Revenue Growth %: 21.32%
Operating Profit Growth %: 34.44%
Net Profit Growth %: 33.07%
: -32.12%
P/E (x): 43.79x
P/B (x): 9.15x
Dividend Yield %: 0.76%
: 31.34x

Mar 2025

EPS (₹): 101.20
Book Value (₹): 373.16
Dividend per Share (₹): 50.00
Cash EPS (₹): 104.62
Operating Margin %: 38.89%
Net Margin %: 46.00%
ROE %: 30.57%
ROCE %: 38.39%
: 15.79%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 207.12x
: 2.26x
Revenue Growth %: 15.90%
Operating Profit Growth %: 58.34%
Net Profit Growth %: 67.65%
: 67.50%
P/E (x): 20.41x
P/B (x): 5.53x
Dividend Yield %: 2.42%
: 15.46x

Mar 2026

EPS (₹): 87.41
Book Value (₹): 414.91
Dividend per Share (₹): 60.00
Cash EPS (₹): 89.72
Operating Margin %: 36.06%
Net Margin %: 36.40%
ROE %: 22.20%
ROCE %: 28.94%
: 11.69%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 257.35x
: 2.21x
Revenue Growth %: 9.30%
Operating Profit Growth %: -10.81%
Net Profit Growth %: -13.51%
: -13.62%
P/E (x): 22.70x
P/B (x): 4.78x
Dividend Yield %: 3.02%
: 16.66x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.21	49.21	49.17	49.17	49.17	49.17	49.12	49.12	49.07
	23.37	23.86	21.06	18.95	19.21	21.53	18.28	19.17	19.92
	11.81	12.10	13.85	15.49	15.29	12.99	16.41	13.54	12.11
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.61	14.83	15.92	16.39	16.32	16.31	16.20	18.18	18.90

Jun 2024

: 49.21
: 23.37
: 11.81
Government: 0.00
: 15.61

Sep 2024

: 49.21
: 23.86
: 12.10
Government: 0.00
: 14.83

Dec 2024

: 49.17
: 21.06
: 13.85
Government: 0.00
: 15.92

Mar 2025

: 49.17
: 18.95
: 15.49
Government: 0.00
: 16.39

Jun 2025

: 49.17
: 19.21
: 15.29
Government: 0.00
: 16.32

Sep 2025

: 49.17
: 21.53
: 12.99
Government: 0.00
: 16.31

Dec 2025

: 49.12
: 18.28
: 16.41
Government: 0.00
: 16.20

Mar 2026

: 49.12
: 19.17
: 13.54
Government: 0.00
: 18.18

Jun 2026

: 49.07
: 19.92
: 12.11
Government: 0.00
: 18.90

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
Transcript PPTREC
May 2026
Transcript PPTREC
Jan 2026
Transcript PPTREC