Lakshmi Mills Company Ltd.

•

₹ 8,344.50.54%

2026-08-21

lakshmimills.comBSE: -NSE: LAKSHMIMIL

Market Cap₹ 583 Cr.

Current Price₹ 8,344

High / Low₹ 8,505 / 7,900

Stock P/E0.0

Book Value₹ 10,286

Price to Book0.48

Dividend Yield0.12 %

ROCE0.9 %

ROE-0.5 %

Face Value₹ 100

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Textiles: 91.3% • Rental services: 8.7%

PROS

Latest quarter profit grew 114.1% YoY, showing strong momentum
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Company has a low return on capital employed of 0.1%
Company has a low return on equity of -1.0% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.46x)
Interest coverage is weak at 0.6x - earnings barely cover interest

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

Peer comparison

EDIT COLUMNS

TextilesTextileTextile

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.	PAGEIND	35557.20	0.00	39660.05	1.55	1928.06	860.21	14204.45	978.91	73.60	20.35
2.	KPRMILL	1153.80	43.23	39438.50	0.43	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	188.95	64.30	17851.10	0.05	162.61	82.09	2795.45	23.66	15.04	11.53
4.	VTL	599.50	20.47	17354.07	0.83	314.56	51.46	2703.08	13.31	11.31	18.11
5.	ARVIND	538.70	35.39	14654.83	0.84	57.77	5.61	2500.96	24.65	13.98	9.64
6.	MANYAVAR	546.95	32.99	13289.70	1.42	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2382.25	35.46	11003.74	0.61	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	306.15	42.92	9596.48	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	435.30	57.14	8621.31	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	761.45	35.40	7435.43	1.18	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	573.95	61.36	6025.98	0.00	426.47	—	2472.47	—	26.15	30.50
12.	LAKSHMIMIL	8388.65	0.00	583.47	0.12	3.11	114.12	59.72	8.44	0.91	14.31

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
	62	53	70	68	65	73	55	71	55	59	62	66	60
	66	57	66	64	59	68	54	64	50	52	54	59	56
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	6	1	1	0	4	1	1	0	2	0	1	0
Interest	2	2	3	4	4	4	4	4	3	2	2	2	2
Depreciation	3	5	5	5	4	4	4	5	3	3	3	4	3
	-8	-5	-4	-4	-2	2	-6	-1	-1	3	3	3	4
Tax %	28.85%	25.82%	25.41%	51.74%	32.11%	27.39%	34.07%	33.33%	-2103.00%	16.28%	21.01%	29.30%	24.42%
Net Profit	-6	-3	-3	-2	-1	1	-4	-1	-22	3	2	2	3
	-84	-49	-39	-26	-18	16	-56	-9	-317	36	29	28	4
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
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	7	7	7	7	7	7	7	7	7	7	7	7	7
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

: 62
: 66
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 3
: -8
Tax %: 28.85%
Net Profit: -6
: -84
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 53
: 57
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 2
Depreciation: 5
: -5
Tax %: 25.82%
Net Profit: -3
: -49
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 70
: 66
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 5
: -4
Tax %: 25.41%
Net Profit: -3
: -39
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 68
: 64
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 5
: -4
Tax %: 51.74%
Net Profit: -2
: -26
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 65
: 59
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 4
: -2
Tax %: 32.11%
Net Profit: -1
: -18
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 73
: 68
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 4
Depreciation: 4
: 2
Tax %: 27.39%
Net Profit: 1
: 16
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 55
: 54
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 4
: -6
Tax %: 34.07%
Net Profit: -4
: -56
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 71
: 64
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 5
: -1
Tax %: 33.33%
Net Profit: -1
: -9
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 55
: 50
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 3
: -1
Tax %: -2103.00%
Net Profit: -22
: -317
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 59
: 52
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 3
: 3
Tax %: 16.28%
Net Profit: 3
: 36
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 62
: 54
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 3
Tax %: 21.01%
Net Profit: 2
: 29
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 66
: 59
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: 3
Tax %: 29.30%
Net Profit: 2
: 28
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 60
: 56
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 2
Depreciation: 3
: 4
Tax %: 24.42%
Net Profit: 3
: 4
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	199	227	239	248	218	184	347	240	253	263	246
	185	214	220	233	211	160	297	236	254	243	220
Operating Profit	19	21	24	19	11	26	52	9	8	27	—
OPM %	10	9	10	8	5	14	15	4	3	10	—
Other Income	5	8	4	4	4	2	3	4	10	6	4
Interest	10	10	10	11	11	12	12	8	12	16	9
Depreciation	7	7	9	11	8	6	7	8	18	18	13
	1	4	3	-4	0	6	33	-7	-20	-7	12
Tax %	29	76	48	-91	457	43	27	26	32	35	23
Net Profit	1	1	1	-8	-2	4	24	-5	-14	-5	10
EPS	0	0	0	0	-22	53	346	-72	-198	-67	—
Dividend Payout %	60	59	44	-4	0	28	7	-12	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	15	15	20	-114	-22	53	346	-72	-198	-67	—
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	15	15	20	-114	-22	53	346	-72	-198	-67	—

Mar 2016

: 199
: 185
Operating Profit: 19
OPM %: 10
Other Income: 5
Interest: 10
Depreciation: 7
: 1
Tax %: 29
Net Profit: 1
EPS: 0
Dividend Payout %: 60
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2017

: 227
: 214
Operating Profit: 21
OPM %: 9
Other Income: 8
Interest: 10
Depreciation: 7
: 4
Tax %: 76
Net Profit: 1
EPS: 0
Dividend Payout %: 59
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2018

: 239
: 220
Operating Profit: 24
OPM %: 10
Other Income: 4
Interest: 10
Depreciation: 9
: 3
Tax %: 48
Net Profit: 1
EPS: 0
Dividend Payout %: 44
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20

Mar 2019

: 248
: 233
Operating Profit: 19
OPM %: 8
Other Income: 4
Interest: 11
Depreciation: 11
: -4
Tax %: -91
Net Profit: -8
EPS: 0
Dividend Payout %: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -114
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -114

Mar 2020

: 218
: 211
Operating Profit: 11
OPM %: 5
Other Income: 4
Interest: 11
Depreciation: 8
: 0
Tax %: 457
Net Profit: -2
EPS: -22
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -22

Mar 2021

: 184
: 160
Operating Profit: 26
OPM %: 14
Other Income: 2
Interest: 12
Depreciation: 6
: 6
Tax %: 43
Net Profit: 4
EPS: 53
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53

Mar 2022

: 347
: 297
Operating Profit: 52
OPM %: 15
Other Income: 3
Interest: 12
Depreciation: 7
: 33
Tax %: 27
Net Profit: 24
EPS: 346
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 346
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 346

Mar 2023

: 240
: 236
Operating Profit: 9
OPM %: 4
Other Income: 4
Interest: 8
Depreciation: 8
: -7
Tax %: 26
Net Profit: -5
EPS: -72
Dividend Payout %: -12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -72
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -72

Mar 2024

: 253
: 254
Operating Profit: 8
OPM %: 3
Other Income: 10
Interest: 12
Depreciation: 18
: -20
Tax %: 32
Net Profit: -14
EPS: -198
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -198
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -198

Mar 2025

: 263
: 243
Operating Profit: 27
OPM %: 10
Other Income: 6
Interest: 16
Depreciation: 18
: -7
Tax %: 35
Net Profit: -5
EPS: -67
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -67
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -67

TTM

: 246
: 220
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 9
Depreciation: 13
: 12
Tax %: 23
Net Profit: 10
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 4%
3 Years:: -9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 29%
3 Years:: 52%
1 Year:: 254%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	7	7	7	7	7	7	7	7	7	7
	128	351	484	437	236	470	624	634	862	881
	42	49	52	68	69	61	63	63	53	59
Trade Payables	22	24	29	17	17	11	18	21	30	35
	14	11	26	18	22	33	66	96	166	170
Total Liabilities	213	441	599	548	351	582	779	822	1,117	1,152
ASSETS	-	-	-	-	-	-	-	-	-	-
	42	153	160	152	145	142	145	45	60	51
Capital Work in Progress	0	0	0	1	0	1	5	45	2	1
	2	223	363	320	135	370	504	526	802	847
	137	37	32	33	34	28	56	48	33	30
	0	0	0	0	0	0	0	0	22	24
Cash & Bank	1	2	4	3	2	2	2	1	4	4
	32	26	40	39	35	40	67	156	194	196
Total Assets	213	441	599	548	351	582	779	822	1,117	1,152
Total Debt	62	64	77	85	86	83	83	110	140	134
Net Working Capital	83	-23	-22	-29	-32	-20	-4	-31	-46	-58
Contingent Liabilities	20	28	25	25	25	22	16	13	16	14
Book Value per Share	512.35	5141.31	7063.86	6377.35	3494.43	6853.53	9076.84	9216.11	12489.45	12766.61
Face Value	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
Total Debt	62	64	77	85	86	83	83	110	140	134
Net Working Capital	83	-23	-22	-29	-32	-20	-4	-31	-46	-58
Contingent Liabilities	20	28	25	25	25	22	16	13	16	14
Book Value per Share	512.35	5141.31	7063.86	6377.35	3494.43	6853.53	9076.84	9216.11	12489.45	12766.61
Face Value	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Mar 2016

Equity Capital: 7
: 128
: 42
Trade Payables: 22
: 14
Total Liabilities: 213
: 42
Capital Work in Progress: 0
: 2
: 137
: 0
Cash & Bank: 1
: 32
Total Assets: 213
Total Debt: 62
Net Working Capital: 83
Contingent Liabilities: 20
Book Value per Share: 512.35
Face Value: 100.00
Total Debt: 62
Net Working Capital: 83
Contingent Liabilities: 20
Book Value per Share: 512.35
Face Value: 100.00

Mar 2017

Equity Capital: 7
: 351
: 49
Trade Payables: 24
: 11
Total Liabilities: 441
: 153
Capital Work in Progress: 0
: 223
: 37
: 0
Cash & Bank: 2
: 26
Total Assets: 441
Total Debt: 64
Net Working Capital: -23
Contingent Liabilities: 28
Book Value per Share: 5141.31
Face Value: 100.00
Total Debt: 64
Net Working Capital: -23
Contingent Liabilities: 28
Book Value per Share: 5141.31
Face Value: 100.00

Mar 2018

Equity Capital: 7
: 484
: 52
Trade Payables: 29
: 26
Total Liabilities: 599
: 160
Capital Work in Progress: 0
: 363
: 32
: 0
Cash & Bank: 4
: 40
Total Assets: 599
Total Debt: 77
Net Working Capital: -22
Contingent Liabilities: 25
Book Value per Share: 7063.86
Face Value: 100.00
Total Debt: 77
Net Working Capital: -22
Contingent Liabilities: 25
Book Value per Share: 7063.86
Face Value: 100.00

Mar 2019

Equity Capital: 7
: 437
: 68
Trade Payables: 17
: 18
Total Liabilities: 548
: 152
Capital Work in Progress: 1
: 320
: 33
: 0
Cash & Bank: 3
: 39
Total Assets: 548
Total Debt: 85
Net Working Capital: -29
Contingent Liabilities: 25
Book Value per Share: 6377.35
Face Value: 100.00
Total Debt: 85
Net Working Capital: -29
Contingent Liabilities: 25
Book Value per Share: 6377.35
Face Value: 100.00

Mar 2020

Equity Capital: 7
: 236
: 69
Trade Payables: 17
: 22
Total Liabilities: 351
: 145
Capital Work in Progress: 0
: 135
: 34
: 0
Cash & Bank: 2
: 35
Total Assets: 351
Total Debt: 86
Net Working Capital: -32
Contingent Liabilities: 25
Book Value per Share: 3494.43
Face Value: 100.00
Total Debt: 86
Net Working Capital: -32
Contingent Liabilities: 25
Book Value per Share: 3494.43
Face Value: 100.00

Mar 2021

Equity Capital: 7
: 470
: 61
Trade Payables: 11
: 33
Total Liabilities: 582
: 142
Capital Work in Progress: 1
: 370
: 28
: 0
Cash & Bank: 2
: 40
Total Assets: 582
Total Debt: 83
Net Working Capital: -20
Contingent Liabilities: 22
Book Value per Share: 6853.53
Face Value: 100.00
Total Debt: 83
Net Working Capital: -20
Contingent Liabilities: 22
Book Value per Share: 6853.53
Face Value: 100.00

Mar 2022

Equity Capital: 7
: 624
: 63
Trade Payables: 18
: 66
Total Liabilities: 779
: 145
Capital Work in Progress: 5
: 504
: 56
: 0
Cash & Bank: 2
: 67
Total Assets: 779
Total Debt: 83
Net Working Capital: -4
Contingent Liabilities: 16
Book Value per Share: 9076.84
Face Value: 100.00
Total Debt: 83
Net Working Capital: -4
Contingent Liabilities: 16
Book Value per Share: 9076.84
Face Value: 100.00

Mar 2023

Equity Capital: 7
: 634
: 63
Trade Payables: 21
: 96
Total Liabilities: 822
: 45
Capital Work in Progress: 45
: 526
: 48
: 0
Cash & Bank: 1
: 156
Total Assets: 822
Total Debt: 110
Net Working Capital: -31
Contingent Liabilities: 13
Book Value per Share: 9216.11
Face Value: 100.00
Total Debt: 110
Net Working Capital: -31
Contingent Liabilities: 13
Book Value per Share: 9216.11
Face Value: 100.00

Mar 2024

Equity Capital: 7
: 862
: 53
Trade Payables: 30
: 166
Total Liabilities: 1,117
: 60
Capital Work in Progress: 2
: 802
: 33
: 22
Cash & Bank: 4
: 194
Total Assets: 1,117
Total Debt: 140
Net Working Capital: -46
Contingent Liabilities: 16
Book Value per Share: 12489.45
Face Value: 100.00
Total Debt: 140
Net Working Capital: -46
Contingent Liabilities: 16
Book Value per Share: 12489.45
Face Value: 100.00

Mar 2025

Equity Capital: 7
: 881
: 59
Trade Payables: 35
: 170
Total Liabilities: 1,152
: 51
Capital Work in Progress: 1
: 847
: 30
: 24
Cash & Bank: 4
: 196
Total Assets: 1,152
Total Debt: 134
Net Working Capital: -58
Contingent Liabilities: 14
Book Value per Share: 12766.61
Face Value: 100.00
Total Debt: 134
Net Working Capital: -58
Contingent Liabilities: 14
Book Value per Share: 12766.61
Face Value: 100.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	11	16	13	3	29	8	28	38	16	28
Cash from Investing	-3	-9	-15	-0	-20	-4	-14	-56	-38	-6
Cash from Financing	-10	-7	4	-2	-10	-4	-14	19	23	-22
	-2	-0	1	1	-1	-0	-0	-0	0	-0
Free Cash Flow	8	16	-3	-2	29	6	14	38	16	26
OCF / Net Profit	10.58	15.48	8.83	-0.37	-18.80	2.21	1.16	-7.53	-1.15	-5.89
Cumulative 5-Year FCF	0	0	0	0	48	46	44	85	103	100
OCF / Net Profit	10.58	15.48	8.83	-0.37	-18.80	2.21	1.16	-7.53	-1.15	-5.89
Cumulative 5-Year FCF	0	0	0	0	48	46	44	85	103	100

Mar 2016

: 11
Cash from Investing: -3
Cash from Financing: -10
: -2
Free Cash Flow: 8
OCF / Net Profit: 10.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 10.58
Cumulative 5-Year FCF: 0

Mar 2017

: 16
Cash from Investing: -9
Cash from Financing: -7
: -0
Free Cash Flow: 16
OCF / Net Profit: 15.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 15.48
Cumulative 5-Year FCF: 0

Mar 2018

: 13
Cash from Investing: -15
Cash from Financing: 4
: 1
Free Cash Flow: -3
OCF / Net Profit: 8.83
Cumulative 5-Year FCF: 0
OCF / Net Profit: 8.83
Cumulative 5-Year FCF: 0

Mar 2019

: 3
Cash from Investing: -0
Cash from Financing: -2
: 1
Free Cash Flow: -2
OCF / Net Profit: -0.37
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.37
Cumulative 5-Year FCF: 0

Mar 2020

: 29
Cash from Investing: -20
Cash from Financing: -10
: -1
Free Cash Flow: 29
OCF / Net Profit: -18.80
Cumulative 5-Year FCF: 48
OCF / Net Profit: -18.80
Cumulative 5-Year FCF: 48

Mar 2021

: 8
Cash from Investing: -4
Cash from Financing: -4
: -0
Free Cash Flow: 6
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: 46
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: 46

Mar 2022

: 28
Cash from Investing: -14
Cash from Financing: -14
: -0
Free Cash Flow: 14
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 44
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 44

Mar 2023

: 38
Cash from Investing: -56
Cash from Financing: 19
: -0
Free Cash Flow: 38
OCF / Net Profit: -7.53
Cumulative 5-Year FCF: 85
OCF / Net Profit: -7.53
Cumulative 5-Year FCF: 85

Mar 2024

: 16
Cash from Investing: -38
Cash from Financing: 23
: 0
Free Cash Flow: 16
OCF / Net Profit: -1.15
Cumulative 5-Year FCF: 103
OCF / Net Profit: -1.15
Cumulative 5-Year FCF: 103

Mar 2025

: 28
Cash from Investing: -6
Cash from Financing: -22
: -0
Free Cash Flow: 26
OCF / Net Profit: -5.89
Cumulative 5-Year FCF: 100
OCF / Net Profit: -5.89
Cumulative 5-Year FCF: 100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	15.07	15.32	20.46	-114.03	-21.84	52.76	345.97	-72.06	-198.30	-67.22
Book Value (₹)	512.35	5141.31	7063.86	6377.35	3494.43	6853.53	9076.84	9216.11	12489.45	12766.61
Dividend per Share (₹)	9.00	9.00	9.00	5.00	0.00	15.00	25.00	9.00	0.00	0.00
Cash EPS (₹)	114.76	115.15	150.94	49.85	97.05	140.66	449.09	46.26	66.64	184.82
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	9.58%	9.30%	9.95%	7.50%	5.18%	13.97%	15.11%	3.58%	-0.57%	7.67%
Net Margin %	0.53%	0.47%	0.59%	-3.20%	-0.70%	2.00%	6.94%	-2.08%	-5.45%	-1.78%
ROE %	2.95%	0.54%	0.34%	-1.70%	-0.44%	1.02%	4.34%	-0.79%	-1.83%	-0.53%
ROCE %	12.04%	5.39%	2.53%	1.26%	2.69%	4.24%	7.00%	0.18%	-0.94%	0.91%
	0.50%	0.33%	0.27%	-1.38%	-0.34%	0.79%	3.53%	-0.63%	-1.42%	-0.41%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	38	33	41	49	49	56	33	34	25	32
Inventory Days	244	139	52	47	56	61	44	79	58	44
Payable Days	74	65	71	60	51	53	28	48	60	81
	209	107	22	36	54	65	49	65	24	-6
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	1.75x	0.18x	0.16x	0.19x	0.35x	0.17x	0.13x	0.17x	0.16x	0.15x
Interest Coverage (x)	1.14x	1.46x	1.28x	0.62x	1.04x	1.52x	3.83x	0.16x	-0.69x	0.56x
	2.03x	0.72x	0.76x	0.71x	0.68x	0.76x	0.96x	0.68x	0.58x	0.52x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-9.99%	14.07%	5.34%	3.48%	-11.81%	-15.81%	88.53%	-30.66%	5.23%	4.03%
Operating Profit Growth %	-16.67%	10.70%	12.75%	-21.98%	-39.12%	127.03%	103.93%	-83.57%	-1.48%	213.17%
Net Profit Growth %	-75.57%	1.68%	33.52%	-657.40%	80.85%	341.55%	555.76%	-120.83%	-175.20%	66.10%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-175.20%	66.10%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.32x	0.48x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	48.75x	20.92x

Mar 2016

EPS (₹): 15.07
Book Value (₹): 512.35
Dividend per Share (₹): 9.00
Cash EPS (₹): 114.76
Operating Margin %: 9.58%
Net Margin %: 0.53%
ROE %: 2.95%
ROCE %: 12.04%
: 0.50%
Debtor Days: 38
Inventory Days: 244
Payable Days: 74
: 209
Debt to Equity (x): 1.75x
Interest Coverage (x): 1.14x
: 2.03x
Revenue Growth %: -9.99%
Operating Profit Growth %: -16.67%
Net Profit Growth %: -75.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 15.32
Book Value (₹): 5141.31
Dividend per Share (₹): 9.00
Cash EPS (₹): 115.15
Operating Margin %: 9.30%
Net Margin %: 0.47%
ROE %: 0.54%
ROCE %: 5.39%
: 0.33%
Debtor Days: 33
Inventory Days: 139
Payable Days: 65
: 107
Debt to Equity (x): 0.18x
Interest Coverage (x): 1.46x
: 0.72x
Revenue Growth %: 14.07%
Operating Profit Growth %: 10.70%
Net Profit Growth %: 1.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 20.46
Book Value (₹): 7063.86
Dividend per Share (₹): 9.00
Cash EPS (₹): 150.94
Operating Margin %: 9.95%
Net Margin %: 0.59%
ROE %: 0.34%
ROCE %: 2.53%
: 0.27%
Debtor Days: 41
Inventory Days: 52
Payable Days: 71
: 22
Debt to Equity (x): 0.16x
Interest Coverage (x): 1.28x
: 0.76x
Revenue Growth %: 5.34%
Operating Profit Growth %: 12.75%
Net Profit Growth %: 33.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -114.03
Book Value (₹): 6377.35
Dividend per Share (₹): 5.00
Cash EPS (₹): 49.85
Operating Margin %: 7.50%
Net Margin %: -3.20%
ROE %: -1.70%
ROCE %: 1.26%
: -1.38%
Debtor Days: 49
Inventory Days: 47
Payable Days: 60
: 36
Debt to Equity (x): 0.19x
Interest Coverage (x): 0.62x
: 0.71x
Revenue Growth %: 3.48%
Operating Profit Growth %: -21.98%
Net Profit Growth %: -657.40%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -21.84
Book Value (₹): 3494.43
Dividend per Share (₹): 0.00
Cash EPS (₹): 97.05
Operating Margin %: 5.18%
Net Margin %: -0.70%
ROE %: -0.44%
ROCE %: 2.69%
: -0.34%
Debtor Days: 49
Inventory Days: 56
Payable Days: 51
: 54
Debt to Equity (x): 0.35x
Interest Coverage (x): 1.04x
: 0.68x
Revenue Growth %: -11.81%
Operating Profit Growth %: -39.12%
Net Profit Growth %: 80.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 52.76
Book Value (₹): 6853.53
Dividend per Share (₹): 15.00
Cash EPS (₹): 140.66
Operating Margin %: 13.97%
Net Margin %: 2.00%
ROE %: 1.02%
ROCE %: 4.24%
: 0.79%
Debtor Days: 56
Inventory Days: 61
Payable Days: 53
: 65
Debt to Equity (x): 0.17x
Interest Coverage (x): 1.52x
: 0.76x
Revenue Growth %: -15.81%
Operating Profit Growth %: 127.03%
Net Profit Growth %: 341.55%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 345.97
Book Value (₹): 9076.84
Dividend per Share (₹): 25.00
Cash EPS (₹): 449.09
Operating Margin %: 15.11%
Net Margin %: 6.94%
ROE %: 4.34%
ROCE %: 7.00%
: 3.53%
Debtor Days: 33
Inventory Days: 44
Payable Days: 28
: 49
Debt to Equity (x): 0.13x
Interest Coverage (x): 3.83x
: 0.96x
Revenue Growth %: 88.53%
Operating Profit Growth %: 103.93%
Net Profit Growth %: 555.76%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): -72.06
Book Value (₹): 9216.11
Dividend per Share (₹): 9.00
Cash EPS (₹): 46.26
Operating Margin %: 3.58%
Net Margin %: -2.08%
ROE %: -0.79%
ROCE %: 0.18%
: -0.63%
Debtor Days: 34
Inventory Days: 79
Payable Days: 48
: 65
Debt to Equity (x): 0.17x
Interest Coverage (x): 0.16x
: 0.68x
Revenue Growth %: -30.66%
Operating Profit Growth %: -83.57%
Net Profit Growth %: -120.83%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -198.30
Book Value (₹): 12489.45
Dividend per Share (₹): 0.00
Cash EPS (₹): 66.64
Operating Margin %: -0.57%
Net Margin %: -5.45%
ROE %: -1.83%
ROCE %: -0.94%
: -1.42%
Debtor Days: 25
Inventory Days: 58
Payable Days: 60
: 24
Debt to Equity (x): 0.16x
Interest Coverage (x): -0.69x
: 0.58x
Revenue Growth %: 5.23%
Operating Profit Growth %: -1.48%
Net Profit Growth %: -175.20%
: -175.20%
P/E (x): 0.00x
P/B (x): 0.32x
Dividend Yield %: 0.00%
: 48.75x

Mar 2025

EPS (₹): -67.22
Book Value (₹): 12766.61
Dividend per Share (₹): 0.00
Cash EPS (₹): 184.82
Operating Margin %: 7.67%
Net Margin %: -1.78%
ROE %: -0.53%
ROCE %: 0.91%
: -0.41%
Debtor Days: 32
Inventory Days: 44
Payable Days: 81
: -6
Debt to Equity (x): 0.15x
Interest Coverage (x): 0.56x
: 0.52x
Revenue Growth %: 4.03%
Operating Profit Growth %: 213.17%
Net Profit Growth %: 66.10%
: 66.10%
P/E (x): 0.00x
P/B (x): 0.48x
Dividend Yield %: 0.00%
: 20.92x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
65.05	65.10	65.11	65.11	65.11	65.11	65.12	65.60	65.94
0.23	0.23	0.23	0.23	0.00	0.00	0.00	0.00	0.00
2.45	2.45	2.45	2.45	2.44	2.44	2.44	2.44	2.44
0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73
31.53	31.49	31.47	31.47	31.71	31.70	31.69	31.22	30.87

Jun 2024

: 65.05
: 0.23
: 2.45
: 0.73
: 31.53

Sep 2024

: 65.10
: 0.23
: 2.45
: 0.73
: 31.49

Dec 2024

: 65.11
: 0.23
: 2.45
: 0.73
: 31.47

Mar 2025

: 65.11
: 0.23
: 2.45
: 0.73
: 31.47

Jun 2025

: 65.11
: 0.00
: 2.44
: 0.73
: 31.71

Sep 2025

: 65.11
: 0.00
: 2.44
: 0.73
: 31.70

Dec 2025

: 65.12
: 0.00
: 2.44
: 0.73
: 31.69

Mar 2026

: 65.60
: 0.00
: 2.44
: 0.73
: 31.22

Jun 2026

: 65.94
: 0.00
: 2.44
: 0.73
: 30.87

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