Kajaria Ceramics Ltd.
•₹ 1,208.5-1%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 56.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
- Company has been maintaining a healthy dividend payout of 48.8%
- Stock looks reasonably valued - P/E of 32.1 is below its historical median
- Company has a consistent dividend-paying track record
CONS
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor profit growth of 8.2% over past five years
- Stock is trading at 5.1x its book value
- Expensive relative to growth - PEG of 3.2
* 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. | KAJARIACER | 1220.60 | 35.14 | 19180.88 | 1.15 | 171.03 | 55.04 | 1328.08 | 20.43 | 23.07 | 19.69 |
| 2. | CERA | 5866.90 | 30.76 | 7566.86 | 1.28 | 47.05 | -0.86 | 422.19 | 5.36 | 19.41 | 13.05 |
| 3. | MIDWESTLTD | 1150.25 | 37.46 | 4159.40 | 0.00 | 310.39 | 1173.13 | 1918.39 | 1248.46 | 27.81 | 25.47 |
| 4. | POKARNA | 889.80 | 29.07 | 2758.74 | 0.07 | 42.60 | 50.56 | 189.42 | 10.79 | 11.85 | 35.89 |
| 5. | NITCO | 89.80 | 0.00 | 2268.13 | 0.00 | -10.33 | -121.77 | 116.02 | -22.48 | -135.35 | -7.07 |
| 6. | SOMANYCERA | 510.50 | 19.69 | 2093.70 | 1.18 | 34.23 | 365.71 | 749.56 | 24.62 | 14.43 | 11.50 |
| 7. | ASIANTILES | 45.46 | 106.95 | 1347.78 | 0.00 | 8.07 | 11.48 | 530.95 | 36.76 | 2.97 | 6.19 |
| 8. | ORIENTBELL | 339.70 | 23.67 | 499.88 | 0.29 | 8.32 | 2318.40 | 203.82 | 43.44 | 5.56 | 8.02 |
| 9. | EXXARO | 6.06 | 66.21 | 271.13 | 0.00 | 2.07 | 156.24 | 85.22 | 31.25 | 3.69 | 8.18 |
| 10. | MURUDCERA | 30.50 | 19.08 | 184.66 | 0.00 | 0.81 | -58.06 | 50.09 | 8.54 | 5.23 | 19.10 |
| 11. | GSLSU | 34.95 | 0.00 | 148.12 | 0.00 | 0.06 | 111.19 | 65.42 | -12.19 | -2.15 | 12.74 |
| 12. | PACIFICI | 151.10 | 37.83 | 104.15 | 0.00 | 1.69 | 82.31 | 63.92 | 28.72 | 3.09 | 4.45 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 964 | 1,010 | 1,024 | 1,104 | 1,002 | 1,062 | 1,050 | 1,105 | 1,007 | 1,079 | 1,053 | 1,235 | 1,190 | |
| 828 | 864 | 881 | 968 | 868 | 924 | 929 | 1,009 | 861 | 907 | 895 | 1,016 | 1,003 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 14 | 14 | 16 | 24 | 16 | 18 | 17 | 17 | 19 | 22 | 18 | 21 | 22 |
| Interest | 3 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 3 | 2 |
| Depreciation | 22 | 27 | 30 | 32 | 32 | 29 | 28 | 29 | 29 | 29 | 29 | 30 | 30 |
| 126 | 131 | 128 | 127 | 116 | 125 | 107 | -29 | 134 | 163 | 126 | 203 | 209 | |
| Tax % | 25.72% | 25.66% | 25.93% | 24.81% | 25.66% | 25.77% | 25.59% | -87.56% | 25.65% | 25.77% | 26.05% | 29.49% | 25.61% |
| Net Profit | 94 | 98 | 95 | 95 | 87 | 93 | 80 | -55 | 100 | 121 | 93 | 143 | 156 |
| 6 | 6 | 6 | 6 | 5 | 6 | 5 | -3 | 6 | 8 | 6 | 9 | 1 | |
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| 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
- 964
- 828
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 3
- Depreciation
- 22
- 126
- Tax %
- 25.72%
- Net Profit
- 94
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,010
- 864
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 1
- Depreciation
- 27
- 131
- Tax %
- 25.66%
- Net Profit
- 98
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,024
- 881
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 2
- Depreciation
- 30
- 128
- Tax %
- 25.93%
- Net Profit
- 95
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,104
- 968
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 2
- Depreciation
- 32
- 127
- Tax %
- 24.81%
- Net Profit
- 95
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,002
- 868
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 2
- Depreciation
- 32
- 116
- Tax %
- 25.66%
- Net Profit
- 87
- 5
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,062
- 924
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 2
- Depreciation
- 29
- 125
- Tax %
- 25.77%
- Net Profit
- 93
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,050
- 929
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 3
- Depreciation
- 28
- 107
- Tax %
- 25.59%
- Net Profit
- 80
- 5
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,105
- 1,009
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 2
- Depreciation
- 29
- -29
- Tax %
- -87.56%
- Net Profit
- -55
- -3
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,007
- 861
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 2
- Depreciation
- 29
- 134
- Tax %
- 25.65%
- Net Profit
- 100
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,079
- 907
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 2
- Depreciation
- 29
- 163
- Tax %
- 25.77%
- Net Profit
- 121
- 8
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,053
- 895
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 2
- Depreciation
- 29
- 126
- Tax %
- 26.05%
- Net Profit
- 93
- 6
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,235
- 1,016
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 3
- Depreciation
- 30
- 203
- Tax %
- 29.49%
- Net Profit
- 143
- 9
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,190
- 1,003
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 2
- Depreciation
- 30
- 209
- Tax %
- 25.61%
- Net Profit
- 156
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,528 | 2,581 | 2,726 | 2,572 | 2,523 | 3,299 | 3,971 | 4,103 | 4,219 | 4,374 | 4,557 | |
| 2,089 | 2,153 | 2,326 | 2,196 | 2,063 | 2,768 | 3,456 | 3,541 | 3,729 | 3,679 | 3,821 | |
| Operating Profit | 464 | 451 | 435 | 427 | 498 | 575 | 565 | 631 | 558 | 774 | — |
| OPM % | 18 | 17 | 16 | 17 | 20 | 17 | 14 | 15 | 13 | 18 | — |
| Other Income | 25 | 24 | 35 | 51 | 38 | 44 | 51 | 69 | 68 | 79 | 83 |
| Interest | 4 | 4 | 3 | 9 | 5 | 6 | 11 | 8 | 9 | 9 | 9 |
| Depreciation | 53 | 62 | 63 | 79 | 81 | 84 | 91 | 111 | 117 | 118 | 119 |
| 407 | 382 | 373 | 339 | 413 | 485 | 463 | 512 | 319 | 626 | 701 | |
| Tax % | 34 | 34 | 34 | 18 | 25 | 25 | 26 | 26 | 36 | 27 | 27 |
| Net Profit | 270 | 252 | 246 | 279 | 308 | 362 | 344 | 381 | 204 | 457 | 513 |
| EPS | 17 | 16 | 15 | 18 | 19 | 23 | 22 | 24 | 13 | 29 | — |
| Dividend Payout % | 18 | 19 | 19 | 17 | 52 | 48 | 42 | 50 | 70 | 49 | — |
| 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 | 17 | 16 | 15 | 18 | 19 | 23 | 22 | 24 | 13 | 29 | — |
| 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 | 17 | 16 | 15 | 18 | 19 | 23 | 22 | 24 | 13 | 29 | — |
Mar 2017
- 2,528
- 2,089
- Operating Profit
- 464
- OPM %
- 18
- Other Income
- 25
- Interest
- 4
- Depreciation
- 53
- 407
- Tax %
- 34
- Net Profit
- 270
- EPS
- 17
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2018
- 2,581
- 2,153
- Operating Profit
- 451
- OPM %
- 17
- Other Income
- 24
- Interest
- 4
- Depreciation
- 62
- 382
- Tax %
- 34
- Net Profit
- 252
- EPS
- 16
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2019
- 2,726
- 2,326
- Operating Profit
- 435
- OPM %
- 16
- Other Income
- 35
- Interest
- 3
- Depreciation
- 63
- 373
- Tax %
- 34
- Net Profit
- 246
- EPS
- 15
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2020
- 2,572
- 2,196
- Operating Profit
- 427
- OPM %
- 17
- Other Income
- 51
- Interest
- 9
- Depreciation
- 79
- 339
- Tax %
- 18
- Net Profit
- 279
- EPS
- 18
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2021
- 2,523
- 2,063
- Operating Profit
- 498
- OPM %
- 20
- Other Income
- 38
- Interest
- 5
- Depreciation
- 81
- 413
- Tax %
- 25
- Net Profit
- 308
- EPS
- 19
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2022
- 3,299
- 2,768
- Operating Profit
- 575
- OPM %
- 17
- Other Income
- 44
- Interest
- 6
- Depreciation
- 84
- 485
- Tax %
- 25
- Net Profit
- 362
- EPS
- 23
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2023
- 3,971
- 3,456
- Operating Profit
- 565
- OPM %
- 14
- Other Income
- 51
- Interest
- 11
- Depreciation
- 91
- 463
- Tax %
- 26
- Net Profit
- 344
- EPS
- 22
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
Mar 2024
- 4,103
- 3,541
- Operating Profit
- 631
- OPM %
- 15
- Other Income
- 69
- Interest
- 8
- Depreciation
- 111
- 512
- Tax %
- 26
- Net Profit
- 381
- EPS
- 24
- Dividend Payout %
- 50
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
Mar 2025
- 4,219
- 3,729
- Operating Profit
- 558
- OPM %
- 13
- Other Income
- 68
- Interest
- 9
- Depreciation
- 117
- 319
- Tax %
- 36
- Net Profit
- 204
- EPS
- 13
- Dividend Payout %
- 70
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2026
- 4,374
- 3,679
- Operating Profit
- 774
- OPM %
- 18
- Other Income
- 79
- Interest
- 9
- Depreciation
- 118
- 626
- Tax %
- 27
- Net Profit
- 457
- EPS
- 29
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
TTM
- 4,557
- 3,821
- Operating Profit
- —
- OPM %
- —
- Other Income
- 83
- Interest
- 9
- Depreciation
- 119
- 701
- Tax %
- 27
- Net Profit
- 513
- 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:
- 6%
- 5 Years:
- 12%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 10%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 2%
- 3 Years:
- -7%
- 1 Year:
- -5%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 15%
- 3 Years:
- 13%
- Last Year:
- 17%
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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| 1,161 | 1,356 | 1,545 | 1,708 | 1,851 | 2,093 | 2,295 | 2,539 | 2,571 | 2,849 | |
| 8 | 6 | 3 | 34 | 0 | 30 | 94 | 0 | 2 | 0 | |
| Trade Payables | 208 | 182 | 229 | 173 | 168 | 216 | 231 | 271 | 305 | 307 |
| 266 | 271 | 255 | 263 | 261 | 337 | 325 | 346 | 379 | 392 | |
| Total Liabilities | 1,659 | 1,831 | 2,047 | 2,195 | 2,296 | 2,692 | 2,961 | 3,172 | 3,272 | 3,563 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 719 | 745 | 709 | 694 | 848 | 817 | 990 | 1,141 | 1,133 | 1,109 | |
| Capital Work in Progress | 5 | 1 | 0 | 8 | 9 | 181 | 78 | 55 | 97 | 103 |
| 109 | 116 | 117 | 134 | 117 | 119 | 144 | 202 | 181 | 190 | |
| 235 | 246 | 281 | 312 | 240 | 287 | 382 | 363 | 370 | 325 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 517 | 502 | 537 | |
| Cash & Bank | 49 | 77 | 248 | 220 | 435 | 423 | 390 | 502 | 569 | 742 |
| 543 | 646 | 692 | 827 | 647 | 865 | 977 | 393 | 419 | 557 | |
| Total Assets | 1,659 | 1,831 | 2,047 | 2,195 | 2,296 | 2,692 | 2,961 | 3,172 | 3,272 | 3,563 |
| Total Debt | 11 | 12 | 10 | 42 | 9 | 40 | 100 | 7 | 3 | 0 |
| Net Working Capital | 264 | 412 | 589 | 590 | 758 | 711 | 825 | 975 | 948 | 1,114 |
| Contingent Liabilities | 245 | 165 | 225 | 160 | 78 | 78 | 205 | 319 | 381 | 420 |
| Book Value per Share | 74.07 | 86.31 | 98.17 | 108.45 | 117.34 | 132.47 | 145.17 | 160.39 | 162.37 | 0.00 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 11 | 12 | 10 | 42 | 9 | 40 | 100 | 7 | 3 | 0 |
| Net Working Capital | 264 | 412 | 589 | 590 | 758 | 711 | 825 | 975 | 948 | 1,114 |
| Contingent Liabilities | 245 | 165 | 225 | 160 | 78 | 78 | 205 | 319 | 381 | 420 |
| Book Value per Share | 74.07 | 86.31 | 98.17 | 108.45 | 117.34 | 132.47 | 145.17 | 160.39 | 162.37 | 0.00 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 16
- 1,161
- 8
- Trade Payables
- 208
- 266
- Total Liabilities
- 1,659
- 719
- Capital Work in Progress
- 5
- 109
- 235
- 0
- Cash & Bank
- 49
- 543
- Total Assets
- 1,659
- Total Debt
- 11
- Net Working Capital
- 264
- Contingent Liabilities
- 245
- Book Value per Share
- 74.07
- Face Value
- 1.00
- Total Debt
- 11
- Net Working Capital
- 264
- Contingent Liabilities
- 245
- Book Value per Share
- 74.07
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 16
- 1,356
- 6
- Trade Payables
- 182
- 271
- Total Liabilities
- 1,831
- 745
- Capital Work in Progress
- 1
- 116
- 246
- 0
- Cash & Bank
- 77
- 646
- Total Assets
- 1,831
- Total Debt
- 12
- Net Working Capital
- 412
- Contingent Liabilities
- 165
- Book Value per Share
- 86.31
- Face Value
- 1.00
- Total Debt
- 12
- Net Working Capital
- 412
- Contingent Liabilities
- 165
- Book Value per Share
- 86.31
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 16
- 1,545
- 3
- Trade Payables
- 229
- 255
- Total Liabilities
- 2,047
- 709
- Capital Work in Progress
- 0
- 117
- 281
- 0
- Cash & Bank
- 248
- 692
- Total Assets
- 2,047
- Total Debt
- 10
- Net Working Capital
- 589
- Contingent Liabilities
- 225
- Book Value per Share
- 98.17
- Face Value
- 1.00
- Total Debt
- 10
- Net Working Capital
- 589
- Contingent Liabilities
- 225
- Book Value per Share
- 98.17
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 16
- 1,708
- 34
- Trade Payables
- 173
- 263
- Total Liabilities
- 2,195
- 694
- Capital Work in Progress
- 8
- 134
- 312
- 0
- Cash & Bank
- 220
- 827
- Total Assets
- 2,195
- Total Debt
- 42
- Net Working Capital
- 590
- Contingent Liabilities
- 160
- Book Value per Share
- 108.45
- Face Value
- 1.00
- Total Debt
- 42
- Net Working Capital
- 590
- Contingent Liabilities
- 160
- Book Value per Share
- 108.45
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 16
- 1,851
- 0
- Trade Payables
- 168
- 261
- Total Liabilities
- 2,296
- 848
- Capital Work in Progress
- 9
- 117
- 240
- 0
- Cash & Bank
- 435
- 647
- Total Assets
- 2,296
- Total Debt
- 9
- Net Working Capital
- 758
- Contingent Liabilities
- 78
- Book Value per Share
- 117.34
- Face Value
- 1.00
- Total Debt
- 9
- Net Working Capital
- 758
- Contingent Liabilities
- 78
- Book Value per Share
- 117.34
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 16
- 2,093
- 30
- Trade Payables
- 216
- 337
- Total Liabilities
- 2,692
- 817
- Capital Work in Progress
- 181
- 119
- 287
- 0
- Cash & Bank
- 423
- 865
- Total Assets
- 2,692
- Total Debt
- 40
- Net Working Capital
- 711
- Contingent Liabilities
- 78
- Book Value per Share
- 132.47
- Face Value
- 1.00
- Total Debt
- 40
- Net Working Capital
- 711
- Contingent Liabilities
- 78
- Book Value per Share
- 132.47
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 16
- 2,295
- 94
- Trade Payables
- 231
- 325
- Total Liabilities
- 2,961
- 990
- Capital Work in Progress
- 78
- 144
- 382
- 0
- Cash & Bank
- 390
- 977
- Total Assets
- 2,961
- Total Debt
- 100
- Net Working Capital
- 825
- Contingent Liabilities
- 205
- Book Value per Share
- 145.17
- Face Value
- 1.00
- Total Debt
- 100
- Net Working Capital
- 825
- Contingent Liabilities
- 205
- Book Value per Share
- 145.17
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 16
- 2,539
- 0
- Trade Payables
- 271
- 346
- Total Liabilities
- 3,172
- 1,141
- Capital Work in Progress
- 55
- 202
- 363
- 517
- Cash & Bank
- 502
- 393
- Total Assets
- 3,172
- Total Debt
- 7
- Net Working Capital
- 975
- Contingent Liabilities
- 319
- Book Value per Share
- 160.39
- Face Value
- 1.00
- Total Debt
- 7
- Net Working Capital
- 975
- Contingent Liabilities
- 319
- Book Value per Share
- 160.39
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 16
- 2,571
- 2
- Trade Payables
- 305
- 379
- Total Liabilities
- 3,272
- 1,133
- Capital Work in Progress
- 97
- 181
- 370
- 502
- Cash & Bank
- 569
- 419
- Total Assets
- 3,272
- Total Debt
- 3
- Net Working Capital
- 948
- Contingent Liabilities
- 381
- Book Value per Share
- 162.37
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 948
- Contingent Liabilities
- 381
- Book Value per Share
- 162.37
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 16
- 2,849
- 0
- Trade Payables
- 307
- 392
- Total Liabilities
- 3,563
- 1,109
- Capital Work in Progress
- 103
- 190
- 325
- 537
- Cash & Bank
- 742
- 557
- Total Assets
- 3,563
- Total Debt
- 0
- Net Working Capital
- 1,114
- Contingent Liabilities
- 420
- Book Value per Share
- 0.00
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,114
- Contingent Liabilities
- 420
- Book Value per Share
- 0.00
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 262 | 199 | 291 | 235 | 472 | 362 | 218 | 551 | 455 | 563 | |
| Cash from Investing | -135 | -114 | -285 | -139 | -266 | -239 | -132 | -215 | -327 | -297 |
| Cash from Financing | -84 | -57 | -63 | -104 | -202 | -110 | -110 | -256 | -209 | -228 |
| 44 | 28 | -57 | -7 | 4 | 13 | -24 | 80 | -82 | 38 | |
| Free Cash Flow | 171 | 131 | 279 | 187 | 262 | 179 | 101 | 367 | 438 | 502 |
| OCF / Net Profit | 0.97 | 0.79 | 1.18 | 0.84 | 1.53 | 1.00 | 0.63 | 1.44 | 2.23 | 1.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,031 | 1,038 | 1,008 | 1,096 | 1,347 | 1,587 |
| OCF / Net Profit | 0.97 | 0.79 | 1.18 | 0.84 | 1.53 | 1.00 | 0.63 | 1.44 | 2.23 | 1.23 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,031 | 1,038 | 1,008 | 1,096 | 1,347 | 1,587 |
Mar 2017
- 262
- Cash from Investing
- -135
- Cash from Financing
- -84
- 44
- Free Cash Flow
- 171
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
Mar 2018
- 199
- Cash from Investing
- -114
- Cash from Financing
- -57
- 28
- Free Cash Flow
- 131
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 0
Mar 2019
- 291
- Cash from Investing
- -285
- Cash from Financing
- -63
- -57
- Free Cash Flow
- 279
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- 0
Mar 2020
- 235
- Cash from Investing
- -139
- Cash from Financing
- -104
- -7
- Free Cash Flow
- 187
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2021
- 472
- Cash from Investing
- -266
- Cash from Financing
- -202
- 4
- Free Cash Flow
- 262
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 1,031
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 1,031
Mar 2022
- 362
- Cash from Investing
- -239
- Cash from Financing
- -110
- 13
- Free Cash Flow
- 179
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 1,038
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 1,038
Mar 2023
- 218
- Cash from Investing
- -132
- Cash from Financing
- -110
- -24
- Free Cash Flow
- 101
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 1,008
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 1,008
Mar 2024
- 551
- Cash from Investing
- -215
- Cash from Financing
- -256
- 80
- Free Cash Flow
- 367
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 1,096
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 1,096
Mar 2025
- 455
- Cash from Investing
- -327
- Cash from Financing
- -209
- -82
- Free Cash Flow
- 438
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 1,347
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 1,347
Mar 2026
- 563
- Cash from Investing
- -297
- Cash from Financing
- -228
- 38
- Free Cash Flow
- 502
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 1,587
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 1,587
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 (₹) | 17.00 | 15.87 | 15.47 | 17.53 | 19.36 | 22.76 | 21.63 | 23.95 | 12.81 | 28.67 |
| Book Value (₹) | 74.07 | 86.31 | 98.17 | 108.45 | 117.34 | 132.47 | 145.17 | 160.39 | 162.37 | 179.82 |
| Dividend per Share (₹) | 3.00 | 3.00 | 3.00 | 3.00 | 10.00 | 11.00 | 9.00 | 12.00 | 9.00 | 14.00 |
| Cash EPS (₹) | 20.35 | 19.75 | 19.46 | 22.49 | 24.42 | 28.05 | 27.34 | 30.88 | 20.17 | 36.08 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 17.06% | 17.17% | 15.96% | 15.81% | 18.87% | 16.72% | 13.67% | 13.14% | 11.13% | 15.27% |
| Net Margin % | 9.93% | 9.60% | 9.02% | 10.33% | 11.66% | 10.53% | 8.33% | 8.91% | 4.64% | 10.04% |
| ROE % | 25.34% | 19.80% | 16.77% | 16.97% | 17.15% | 18.23% | 15.58% | 15.68% | 7.94% | 16.76% |
| ROCE % | 37.52% | 29.94% | 25.40% | 20.78% | 22.89% | 24.37% | 20.75% | 20.83% | 12.65% | 23.03% |
| 16.82% | 14.46% | 12.68% | 13.14% | 13.71% | 14.53% | 12.19% | 12.44% | 6.34% | 13.37% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 37 | 49 | 55 | 51 | 50 | 43 | 43 | 45 | 42 | 42 |
| Inventory Days | 31 | 33 | 35 | 40 | 38 | 28 | 30 | 32 | 30 | 28 |
| Payable Days | 65 | 52 | 44 | 47 | 51 | 47 | 44 | 45 | 49 | 50 |
| 3 | 31 | 46 | 44 | 36 | 24 | 28 | 32 | 24 | 20 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.01x | 0.01x | 0.01x | 0.02x | 0.00x | 0.02x | 0.04x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 116.05x | 86.17x | 111.06x | 40.78x | 82.26x | 80.26x | 43.91x | 63.70x | 36.95x | 72.77x |
| 1.72x | 2.22x | 2.61x | 2.72x | 3.35x | 2.52x | 2.58x | 3.03x | 2.82x | 3.13x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 3.48% | 2.09% | 5.63% | -5.66% | -1.89% | 30.76% | 20.35% | 3.33% | 2.82% | 3.69% |
| Operating Profit Growth % | 13.19% | -2.72% | -3.60% | -1.94% | 16.82% | 15.42% | -1.77% | 11.65% | -11.60% | 38.80% |
| Net Profit Growth % | 13.99% | -6.60% | -2.54% | 13.38% | 10.46% | 17.66% | -4.95% | 10.76% | -46.48% | 123.75% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 10.69% | -46.48% | 123.75% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 48.30x | 66.97x | 32.05x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.21x | 5.29x | 5.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.04% | 1.05% | 1.52% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 28.41x | 23.50x | 17.95x |
Mar 2017
- EPS (₹)
- 17.00
- Book Value (₹)
- 74.07
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 20.35
- Operating Margin %
- 17.06%
- Net Margin %
- 9.93%
- ROE %
- 25.34%
- ROCE %
- 37.52%
- 16.82%
- Debtor Days
- 37
- Inventory Days
- 31
- Payable Days
- 65
- 3
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 116.05x
- 1.72x
- Revenue Growth %
- 3.48%
- Operating Profit Growth %
- 13.19%
- Net Profit Growth %
- 13.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 15.87
- Book Value (₹)
- 86.31
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 19.75
- Operating Margin %
- 17.17%
- Net Margin %
- 9.60%
- ROE %
- 19.80%
- ROCE %
- 29.94%
- 14.46%
- Debtor Days
- 49
- Inventory Days
- 33
- Payable Days
- 52
- 31
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 86.17x
- 2.22x
- Revenue Growth %
- 2.09%
- Operating Profit Growth %
- -2.72%
- Net Profit Growth %
- -6.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 15.47
- Book Value (₹)
- 98.17
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 19.46
- Operating Margin %
- 15.96%
- Net Margin %
- 9.02%
- ROE %
- 16.77%
- ROCE %
- 25.40%
- 12.68%
- Debtor Days
- 55
- Inventory Days
- 35
- Payable Days
- 44
- 46
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 111.06x
- 2.61x
- Revenue Growth %
- 5.63%
- Operating Profit Growth %
- -3.60%
- Net Profit Growth %
- -2.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 17.53
- Book Value (₹)
- 108.45
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 22.49
- Operating Margin %
- 15.81%
- Net Margin %
- 10.33%
- ROE %
- 16.97%
- ROCE %
- 20.78%
- 13.14%
- Debtor Days
- 51
- Inventory Days
- 40
- Payable Days
- 47
- 44
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 40.78x
- 2.72x
- Revenue Growth %
- -5.66%
- Operating Profit Growth %
- -1.94%
- Net Profit Growth %
- 13.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 19.36
- Book Value (₹)
- 117.34
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 24.42
- Operating Margin %
- 18.87%
- Net Margin %
- 11.66%
- ROE %
- 17.15%
- ROCE %
- 22.89%
- 13.71%
- Debtor Days
- 50
- Inventory Days
- 38
- Payable Days
- 51
- 36
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 82.26x
- 3.35x
- Revenue Growth %
- -1.89%
- Operating Profit Growth %
- 16.82%
- Net Profit Growth %
- 10.46%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 22.76
- Book Value (₹)
- 132.47
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 28.05
- Operating Margin %
- 16.72%
- Net Margin %
- 10.53%
- ROE %
- 18.23%
- ROCE %
- 24.37%
- 14.53%
- Debtor Days
- 43
- Inventory Days
- 28
- Payable Days
- 47
- 24
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 80.26x
- 2.52x
- Revenue Growth %
- 30.76%
- Operating Profit Growth %
- 15.42%
- Net Profit Growth %
- 17.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 21.63
- Book Value (₹)
- 145.17
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 27.34
- Operating Margin %
- 13.67%
- Net Margin %
- 8.33%
- ROE %
- 15.58%
- ROCE %
- 20.75%
- 12.19%
- Debtor Days
- 43
- Inventory Days
- 30
- Payable Days
- 44
- 28
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 43.91x
- 2.58x
- Revenue Growth %
- 20.35%
- Operating Profit Growth %
- -1.77%
- Net Profit Growth %
- -4.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 23.95
- Book Value (₹)
- 160.39
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 30.88
- Operating Margin %
- 13.14%
- Net Margin %
- 8.91%
- ROE %
- 15.68%
- ROCE %
- 20.83%
- 12.44%
- Debtor Days
- 45
- Inventory Days
- 32
- Payable Days
- 45
- 32
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 63.70x
- 3.03x
- Revenue Growth %
- 3.33%
- Operating Profit Growth %
- 11.65%
- Net Profit Growth %
- 10.76%
- 10.69%
- P/E (x)
- 48.30x
- P/B (x)
- 7.21x
- Dividend Yield %
- 1.04%
- 28.41x
Mar 2025
- EPS (₹)
- 12.81
- Book Value (₹)
- 162.37
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 20.17
- Operating Margin %
- 11.13%
- Net Margin %
- 4.64%
- ROE %
- 7.94%
- ROCE %
- 12.65%
- 6.34%
- Debtor Days
- 42
- Inventory Days
- 30
- Payable Days
- 49
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 36.95x
- 2.82x
- Revenue Growth %
- 2.82%
- Operating Profit Growth %
- -11.60%
- Net Profit Growth %
- -46.48%
- -46.48%
- P/E (x)
- 66.97x
- P/B (x)
- 5.29x
- Dividend Yield %
- 1.05%
- 23.50x
Mar 2026
- EPS (₹)
- 28.67
- Book Value (₹)
- 179.82
- Dividend per Share (₹)
- 14.00
- Cash EPS (₹)
- 36.08
- Operating Margin %
- 15.27%
- Net Margin %
- 10.04%
- ROE %
- 16.76%
- ROCE %
- 23.03%
- 13.37%
- Debtor Days
- 42
- Inventory Days
- 28
- Payable Days
- 50
- 20
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 72.77x
- 3.13x
- Revenue Growth %
- 3.69%
- Operating Profit Growth %
- 38.80%
- Net Profit Growth %
- 123.75%
- 123.75%
- P/E (x)
- 32.05x
- P/B (x)
- 5.11x
- Dividend Yield %
- 1.52%
- 17.95x
Documents
Announcements
- Updates
2026-08-21 - We enclose a copy of the Business Responsibility & Sustainability Report which forms part of the Annual Report for the financial year 2025-26.
- Shareholders meeting
2026-08-21 - We wish to inform you that the 40th Annual General Meeting ( AGM ) of the Company will be held through Video Conferencing ( VC )/Other Audio Visual Means ( OAVM ) on Tuesday, September 15, 2026 at 01:00 p.m. (IST), in compliance with the applicable provisions of the Companies Act, 2013 including rules made thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) read with the Circular No. 14/2020 dated April 8, 2020, Circular No. 17/2020 dated April 13, 2020, Circular No. 20/2020 dated May 5, 2020 and latest one being Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026