Industrial & Prudential Investment Company Ltd.

•

₹ 6,289.51.8%

2026-08-21

industrialprudential.comBSE: 501298NSE: INDPRUD

Market Cap₹ 1,035 Cr.

Current Price₹ 6,290

High / Low₹ 7,052 / 5,750

Stock P/E0.0

Book Value₹ 2,958

Price to Book1.92

Dividend Yield1.94 %

ROCE4.3 %

ROE4.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Comfortable capital adequacy - CAR of 55.8%
Solid return on assets for a lender - ROA of 4.0%
Asset quality is healthy - gross NPA of just 0.0%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 58.5% versus prior year
Company has a low return on capital employed of 4.1%
Company has a low return on equity of 4.0% over last 3 years
Effective tax rate is unusually low at 0.5% - earnings may be flattered
Expensive relative to growth - PEG of 3.9

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

Peer comparison

EDIT COLUMNS

Financial ServicesFinanceFinance - NBFC

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.	BAJFINANCE	1095.15	33.58	681835.39	0.55	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1125.05	23.39	264722.41	0.96	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1910.00	28.36	163126.61	0.10	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	JIOFIN	244.95	78.27	161743.95	0.24	830.25	155.73	2004.47	227.28	2.11	69.71
5.	TATACAP	365.60	28.72	155192.41	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11353.35	14.27	126355.42	1.72	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2972.00	10.49	119316.43	1.01	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	408.00	27.21	111671.47	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	314.90	24.80	78915.38	0.87	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	646.05	0.00	61480.86	0.39	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	691.85	26.41	57468.10	0.58	785.20	38.31	4937.90	18.71	9.09	57.98
12.	INDPRUD	6175.00	16.99	1034.83	1.94	10.92	-92.06	2.74	3.83	7.72	400.99

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
	13	2	1	0	1	16	1	0	18	2	1	0	19
	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	13	1	1	0	1	17	1	0	18	2	1	0	19
Tax %	9.00%	-49.31%	18.44%	9.38%	2.04%	0.48%	0.00%	-69.70%	0.17%	1.91%	0.00%	62.50%	0.38%
Net Profit	12	2	1	0	1	17	1	1	18	2	1	0	19
	72	13	7	2	6	99	8	3	105	9	7	0	11
Equity Capital	2	2	2	2	2	2	2	2	2	2	2	2	2
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	2	2	2	2	2	2	2	2	2	2	2	2	2
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 13
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 13
Tax %: 9.00%
Net Profit: 12
: 72
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 2
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: -49.31%
Net Profit: 2
: 13
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 1
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 18.44%
Net Profit: 1
: 7
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 9.38%
Net Profit: 0
: 2
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 1
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 2.04%
Net Profit: 1
: 6
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 16
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 17
Tax %: 0.48%
Net Profit: 17
: 99
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 0.00%
Net Profit: 1
: 8
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: -69.70%
Net Profit: 1
: 3
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 18
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 18
Tax %: 0.17%
Net Profit: 18
: 105
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 2
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 1.91%
Net Profit: 2
: 9
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 1
Tax %: 0.00%
Net Profit: 1
: 7
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 62.50%
Net Profit: 0
: 0
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 19
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 19
Tax %: 0.38%
Net Profit: 19
: 11
Equity Capital: 2
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 2
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
	8	9	10	8	13	13	17	17	20	22	23
	1	1	1	3	1	1	1	1	1	1	1
Operating Profit	7	9	9	10	12	13	16	17	19	21	—
OPM %	90	93	93	127	95	95	94	95	95	95	—
Other Income	0	0	0	5	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
	7	9	9	10	12	13	16	17	19	21	22
Tax %	4	4	6	10	8	13	6	5	-1	1	1
Net Profit	7	8	9	9	11	11	15	16	19	20	22
EPS	0	0	0	0	66	66	88	94	116	122	—
Dividend Payout %	63	53	51	50	38	76	68	96	95	98	—
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	40	47	49	50	66	66	88	94	116	122	—
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	40	47	49	50	66	66	88	94	116	122	—

Mar 2017

: 8
: 1
Operating Profit: 7
OPM %: 90
Other Income: 0
Interest: 0
Depreciation: 0
: 7
Tax %: 4
Net Profit: 7
EPS: 0
Dividend Payout %: 63
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 40
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 40

Mar 2018

: 9
: 1
Operating Profit: 9
OPM %: 93
Other Income: 0
Interest: 0
Depreciation: 0
: 9
Tax %: 4
Net Profit: 8
EPS: 0
Dividend Payout %: 53
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 47
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 47

Mar 2019

: 10
: 1
Operating Profit: 9
OPM %: 93
Other Income: 0
Interest: 0
Depreciation: 0
: 9
Tax %: 6
Net Profit: 9
EPS: 0
Dividend Payout %: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 49

Mar 2020

: 8
: 3
Operating Profit: 10
OPM %: 127
Other Income: 5
Interest: 0
Depreciation: 0
: 10
Tax %: 10
Net Profit: 9
EPS: 0
Dividend Payout %: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 50

Mar 2021

: 13
: 1
Operating Profit: 12
OPM %: 95
Other Income: 0
Interest: 0
Depreciation: 0
: 12
Tax %: 8
Net Profit: 11
EPS: 66
Dividend Payout %: 38
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2022

: 13
: 1
Operating Profit: 13
OPM %: 95
Other Income: 0
Interest: 0
Depreciation: 0
: 13
Tax %: 13
Net Profit: 11
EPS: 66
Dividend Payout %: 76
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2023

: 17
: 1
Operating Profit: 16
OPM %: 94
Other Income: 0
Interest: 0
Depreciation: 0
: 16
Tax %: 6
Net Profit: 15
EPS: 88
Dividend Payout %: 68
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 88
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 88

Mar 2024

: 17
: 1
Operating Profit: 17
OPM %: 95
Other Income: 0
Interest: 0
Depreciation: 0
: 17
Tax %: 5
Net Profit: 16
EPS: 94
Dividend Payout %: 96
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 94
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 94

Mar 2025

: 20
: 1
Operating Profit: 19
OPM %: 95
Other Income: 0
Interest: 0
Depreciation: 0
: 19
Tax %: -1
Net Profit: 19
EPS: 116
Dividend Payout %: 95
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 116
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 116

Mar 2026

: 22
: 1
Operating Profit: 21
OPM %: 95
Other Income: 0
Interest: 0
Depreciation: 0
: 21
Tax %: 1
Net Profit: 20
EPS: 122
Dividend Payout %: 98
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 122
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 122

TTM

: 23
: 1
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 22
Tax %: 1
Net Profit: 22
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:: 13%
5 Years:: 11%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 13%
3 Years:: 12%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 4%
3 Years:: 4%
Last Year:: 4%

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	2	2	2	2	2	2	2	2	2	2
	34	37	191	176	296	388	361	476	471	475
	1	1	33	29	12	31	24	38	39	31
Total Liabilities	37	40	226	207	310	421	387	515	512	508
ASSETS	-	-	-	-	-	-	-	-	-	-
	34	38	221	203	305	408	374	502	496	503
Cash & Bank	2	1	1	1	1	2	2	1	2	3
	0	1	4	3	4	11	11	11	14	3
Total Assets	37	40	226	207	310	421	387	515	512	508
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1	1	2	1	40	44	20	6	1	7
Contingent Liabilities	0	0	0	0	0	5	10	10	10	0
Book Value per Share	203.38	220.49	1104.83	1019.76	1778.18	2325.76	2163.17	2850.16	2822.11	2845.95
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	1	1	2	1	40	44	20	6	1	7
Contingent Liabilities	0	0	0	0	0	5	10	10	10	0
Book Value per Share	203.38	220.49	1104.83	1019.76	1778.18	2325.76	2163.17	2850.16	2822.11	2845.95
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: 2
: 34
: 1
Total Liabilities: 37
: 34
Cash & Bank: 2
: 0
Total Assets: 37
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 203.38
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 203.38
Face Value: 10.00

Mar 2018

Equity Capital: 2
: 37
: 1
Total Liabilities: 40
: 38
Cash & Bank: 1
: 1
Total Assets: 40
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 220.49
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 220.49
Face Value: 10.00

Mar 2019

Equity Capital: 2
: 191
: 33
Total Liabilities: 226
: 221
Cash & Bank: 1
: 4
Total Assets: 226
Total Debt: 0
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 1104.83
Face Value: 10.00
Total Debt: 0
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 1104.83
Face Value: 10.00

Mar 2020

Equity Capital: 2
: 176
: 29
Total Liabilities: 207
: 203
Cash & Bank: 1
: 3
Total Assets: 207
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 1019.76
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 1019.76
Face Value: 10.00

Mar 2021

Equity Capital: 2
: 296
: 12
Total Liabilities: 310
: 305
Cash & Bank: 1
: 4
Total Assets: 310
Total Debt: 0
Net Working Capital: 40
Contingent Liabilities: 0
Book Value per Share: 1778.18
Face Value: 10.00
Total Debt: 0
Net Working Capital: 40
Contingent Liabilities: 0
Book Value per Share: 1778.18
Face Value: 10.00

Mar 2022

Equity Capital: 2
: 388
: 31
Total Liabilities: 421
: 408
Cash & Bank: 2
: 11
Total Assets: 421
Total Debt: 0
Net Working Capital: 44
Contingent Liabilities: 5
Book Value per Share: 2325.76
Face Value: 10.00
Total Debt: 0
Net Working Capital: 44
Contingent Liabilities: 5
Book Value per Share: 2325.76
Face Value: 10.00

Mar 2023

Equity Capital: 2
: 361
: 24
Total Liabilities: 387
: 374
Cash & Bank: 2
: 11
Total Assets: 387
Total Debt: 0
Net Working Capital: 20
Contingent Liabilities: 10
Book Value per Share: 2163.17
Face Value: 10.00
Total Debt: 0
Net Working Capital: 20
Contingent Liabilities: 10
Book Value per Share: 2163.17
Face Value: 10.00

Mar 2024

Equity Capital: 2
: 476
: 38
Total Liabilities: 515
: 502
Cash & Bank: 1
: 11
Total Assets: 515
Total Debt: 0
Net Working Capital: 6
Contingent Liabilities: 10
Book Value per Share: 2850.16
Face Value: 10.00
Total Debt: 0
Net Working Capital: 6
Contingent Liabilities: 10
Book Value per Share: 2850.16
Face Value: 10.00

Mar 2025

Equity Capital: 2
: 471
: 39
Total Liabilities: 512
: 496
Cash & Bank: 2
: 14
Total Assets: 512
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 10
Book Value per Share: 2822.11
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1
Contingent Liabilities: 10
Book Value per Share: 2822.11
Face Value: 10.00

Mar 2026

Equity Capital: 2
: 475
: 31
Total Liabilities: 508
: 503
Cash & Bank: 3
: 3
Total Assets: 508
Total Debt: 0
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 2845.95
Face Value: 10.00
Total Debt: 0
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 2845.95
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
	5	5	5	7	7	4	11	14	12	23
Cash from Investing	3	-1	0	-2	8	1	-3	-4	4	-5
Cash from Financing	-7	-5	-5	-5	-15	-4	-8	-10	-15	-18
	1	-1	-0	-0	0	0	-0	-0	0	-0
Free Cash Flow	5	5	5	7	7	4	11	14	12	23
OCF / Net Profit	0.71	0.59	0.55	0.82	0.63	0.34	0.73	0.88	0.60	1.14
Cumulative 5-Year FCF	0	0	0	0	29	28	33	42	47	63
OCF / Net Profit	0.71	0.59	0.55	0.82	0.63	0.34	0.73	0.88	0.60	1.14
Cumulative 5-Year FCF	0	0	0	0	29	28	33	42	47	63

Mar 2017

: 5
Cash from Investing: 3
Cash from Financing: -7
: 1
Free Cash Flow: 5
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: 0

Mar 2018

: 5
Cash from Investing: -1
Cash from Financing: -5
: -1
Free Cash Flow: 5
OCF / Net Profit: 0.59
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.59
Cumulative 5-Year FCF: 0

Mar 2019

: 5
Cash from Investing: 0
Cash from Financing: -5
: -0
Free Cash Flow: 5
OCF / Net Profit: 0.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.55
Cumulative 5-Year FCF: 0

Mar 2020

: 7
Cash from Investing: -2
Cash from Financing: -5
: -0
Free Cash Flow: 7
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0

Mar 2021

: 7
Cash from Investing: 8
Cash from Financing: -15
: 0
Free Cash Flow: 7
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 29
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: 29

Mar 2022

: 4
Cash from Investing: 1
Cash from Financing: -4
: 0
Free Cash Flow: 4
OCF / Net Profit: 0.34
Cumulative 5-Year FCF: 28
OCF / Net Profit: 0.34
Cumulative 5-Year FCF: 28

Mar 2023

: 11
Cash from Investing: -3
Cash from Financing: -8
: -0
Free Cash Flow: 11
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 33
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 33

Mar 2024

: 14
Cash from Investing: -4
Cash from Financing: -10
: -0
Free Cash Flow: 14
OCF / Net Profit: 0.88
Cumulative 5-Year FCF: 42
OCF / Net Profit: 0.88
Cumulative 5-Year FCF: 42

Mar 2025

: 12
Cash from Investing: 4
Cash from Financing: -15
: 0
Free Cash Flow: 12
OCF / Net Profit: 0.60
Cumulative 5-Year FCF: 47
OCF / Net Profit: 0.60
Cumulative 5-Year FCF: 47

Mar 2026

: 23
Cash from Investing: -5
Cash from Financing: -18
: -0
Free Cash Flow: 23
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 63
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 63

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 (₹)	39.84	47.20	49.42	49.72	66.41	65.95	87.79	93.89	116.28	121.95
Book Value (₹)	203.38	220.49	1104.83	1019.76	1778.18	2325.76	2163.17	2850.16	2822.11	2845.95
Dividend per Share (₹)	25.00	25.00	25.00	25.00	25.00	50.00	60.00	90.00	110.00	120.00
Cash EPS (₹)	39.92	47.21	49.42	49.72	66.41	65.95	87.79	93.89	116.28	121.95
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	90.04%	93.09%	93.43%	126.98%	94.58%	95.39%	94.05%	95.37%	94.65%	95.19%
Net Margin %	86.05%	89.59%	88.20%	114.72%	86.60%	83.14%	88.46%	90.92%	95.48%	94.70%
ROE %	21.72%	22.27%	7.46%	4.68%	4.68%	3.21%	3.91%	3.75%	4.10%	4.30%
ROCE %	22.69%	23.14%	7.90%	5.18%	5.11%	3.69%	4.16%	3.93%	4.07%	4.33%
	18.94%	21.53%	6.50%	4.01%	4.30%	3.02%	3.64%	3.49%	3.79%	4.01%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	0	0	0	0	0	0	0	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
	0	0	0	0	0	0	0	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	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
	1.96x	1.49x	1.89x	1.15x	9.19x	8.36x	3.92x	1.89x	1.12x	3.16x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	22.05%	13.77%	6.36%	-22.65%	69.89%	3.45%	25.10%	4.05%	17.94%	5.75%
Operating Profit Growth %	12.23%	17.63%	6.75%	5.12%	26.55%	4.33%	23.34%	5.51%	17.23%	6.19%
Net Profit Growth %	9.50%	18.46%	4.70%	0.61%	28.25%	-0.69%	33.11%	6.94%	23.85%	4.88%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.94%	23.85%	4.88%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	51.68x	48.92x	44.84x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.70x	2.02x	1.92x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.85%	1.93%	2.19%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	49.19x	49.17x	44.49x

Mar 2017

EPS (₹): 39.84
Book Value (₹): 203.38
Dividend per Share (₹): 25.00
Cash EPS (₹): 39.92
Operating Margin %: 90.04%
Net Margin %: 86.05%
ROE %: 21.72%
ROCE %: 22.69%
: 18.94%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.96x
Revenue Growth %: 22.05%
Operating Profit Growth %: 12.23%
Net Profit Growth %: 9.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 47.20
Book Value (₹): 220.49
Dividend per Share (₹): 25.00
Cash EPS (₹): 47.21
Operating Margin %: 93.09%
Net Margin %: 89.59%
ROE %: 22.27%
ROCE %: 23.14%
: 21.53%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.49x
Revenue Growth %: 13.77%
Operating Profit Growth %: 17.63%
Net Profit Growth %: 18.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 49.42
Book Value (₹): 1104.83
Dividend per Share (₹): 25.00
Cash EPS (₹): 49.42
Operating Margin %: 93.43%
Net Margin %: 88.20%
ROE %: 7.46%
ROCE %: 7.90%
: 6.50%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.89x
Revenue Growth %: 6.36%
Operating Profit Growth %: 6.75%
Net Profit Growth %: 4.70%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 49.72
Book Value (₹): 1019.76
Dividend per Share (₹): 25.00
Cash EPS (₹): 49.72
Operating Margin %: 126.98%
Net Margin %: 114.72%
ROE %: 4.68%
ROCE %: 5.18%
: 4.01%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.15x
Revenue Growth %: -22.65%
Operating Profit Growth %: 5.12%
Net Profit Growth %: 0.61%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 66.41
Book Value (₹): 1778.18
Dividend per Share (₹): 25.00
Cash EPS (₹): 66.41
Operating Margin %: 94.58%
Net Margin %: 86.60%
ROE %: 4.68%
ROCE %: 5.11%
: 4.30%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 9.19x
Revenue Growth %: 69.89%
Operating Profit Growth %: 26.55%
Net Profit Growth %: 28.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 65.95
Book Value (₹): 2325.76
Dividend per Share (₹): 50.00
Cash EPS (₹): 65.95
Operating Margin %: 95.39%
Net Margin %: 83.14%
ROE %: 3.21%
ROCE %: 3.69%
: 3.02%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 8.36x
Revenue Growth %: 3.45%
Operating Profit Growth %: 4.33%
Net Profit Growth %: -0.69%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 87.79
Book Value (₹): 2163.17
Dividend per Share (₹): 60.00
Cash EPS (₹): 87.79
Operating Margin %: 94.05%
Net Margin %: 88.46%
ROE %: 3.91%
ROCE %: 4.16%
: 3.64%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.92x
Revenue Growth %: 25.10%
Operating Profit Growth %: 23.34%
Net Profit Growth %: 33.11%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 93.89
Book Value (₹): 2850.16
Dividend per Share (₹): 90.00
Cash EPS (₹): 93.89
Operating Margin %: 95.37%
Net Margin %: 90.92%
ROE %: 3.75%
ROCE %: 3.93%
: 3.49%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.89x
Revenue Growth %: 4.05%
Operating Profit Growth %: 5.51%
Net Profit Growth %: 6.94%
: 6.94%
P/E (x): 51.68x
P/B (x): 1.70x
Dividend Yield %: 1.85%
: 49.19x

Mar 2025

EPS (₹): 116.28
Book Value (₹): 2822.11
Dividend per Share (₹): 110.00
Cash EPS (₹): 116.28
Operating Margin %: 94.65%
Net Margin %: 95.48%
ROE %: 4.10%
ROCE %: 4.07%
: 3.79%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 1.12x
Revenue Growth %: 17.94%
Operating Profit Growth %: 17.23%
Net Profit Growth %: 23.85%
: 23.85%
P/E (x): 48.92x
P/B (x): 2.02x
Dividend Yield %: 1.93%
: 49.17x

Mar 2026

EPS (₹): 121.95
Book Value (₹): 2845.95
Dividend per Share (₹): 120.00
Cash EPS (₹): 121.95
Operating Margin %: 95.19%
Net Margin %: 94.70%
ROE %: 4.30%
ROCE %: 4.33%
: 4.01%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.16x
Revenue Growth %: 5.75%
Operating Profit Growth %: 6.19%
Net Profit Growth %: 4.88%
: 4.88%
P/E (x): 44.84x
P/B (x): 1.92x
Dividend Yield %: 2.19%
: 44.49x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
68.17	68.17	68.17	68.17	68.17	68.17	68.17	68.17	68.17
0.00	0.00	0.24	0.56	0.56	0.56	0.56	0.56	0.56
0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
31.75	31.75	31.51	31.19	31.19	31.19	31.19	31.19	31.19

Jun 2024

: 68.17
: 0.00
: 0.07
: 0.01
: 31.75

Sep 2024

: 68.17
: 0.00
: 0.07
: 0.01
: 31.75

Dec 2024

: 68.17
: 0.24
: 0.07
: 0.01
: 31.51

Mar 2025

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Jun 2025

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Sep 2025

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Dec 2025

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Mar 2026

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Jun 2026

: 68.17
: 0.56
: 0.07
: 0.01
: 31.19

Documents

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Annual Reports

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Concalls

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