Madhur Industries Ltd.

•

₹ —-%

madhur.coBSE: -NSE: MADHURFOOD

Market Cap₹ 3 Cr.

Current Price—

High / Low—

Stock P/E0.0

Book Value₹ 9

Price to Book0.70

Dividend Yield0.00 %

ROCE-7.6 %

ROE-7.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company is almost debt free
Operating margins have improved to 0.0% from -55.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.11x)
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Interest coverage is weak at -61.1x - earnings barely cover interest
Company has a low return on capital employed of -7.4%
Company has a low return on equity of -7.6% over last 3 years
Company's sales have been declining over the last five years

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsFMCGConsumer Food

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.	NESTLEIND	1469.90	74.37	283442.92	0.82	9586.80	1382.67	63781.80	1157.04	98.35	23.86
2.	VBL	432.75	43.23	146376.17	0.35	1525.36	15.08	8650.57	20.77	20.73	27.04
3.	BRITANNIA	5410.00	50.04	130309.75	1.67	593.38	14.08	4999.97	10.26	56.48	16.77
4.	JUBLFOOD	495.90	75.40	32721.72	0.24	100.03	6.03	2569.65	13.66	25.56	19.77
5.	HATSUN	931.75	59.58	20754.57	1.72	60.58	—	2363.72	17.61	14.60	10.81
6.	DEVYANI	142.85	0.00	17612.54	0.00	171.04	7576.84	15805.16	1064.74	8.98	16.09
7.	ZYDUSWELL	492.95	83.34	15683.73	0.24	118.90	-7.04	1437.00	67.54	4.42	16.82
8.	MILKYMIST	199.55	120.95	15362.23	0.00	—	—	—	—	13.79	—
9.	BIKAJI	609.25	59.09	15276.12	0.21	59.47	1.62	734.26	15.26	21.65	13.48
10.	LTFOODS	429.90	23.31	14928.40	0.70	183.45	8.87	3151.83	27.92	21.42	11.26
11.	MANORAMA	1924.70	49.26	12149.17	0.04	78.66	67.55	404.01	39.53	19.70	26.29
12.	MADHURFOOD	6.50	0.00	2.66	0.00	-0.06	-90.00	0.00	—	-7.59	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	0	0	0	0	0	0	0	0	0	0	0	0
	0	0	0	0	0	6	0	0	0	0	0	0	0
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	6	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
	-0	-0	-0	-0	-0	0	-0	-0	-0	-0	-0	-0	-0
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	577.78%	-0.00%	-0.00%	-0.00%	-0.00%	-150.00%	-0.00%	-0.00%
Net Profit	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
	0	0	0	-0	-0	-1	-0	-1	-0	-0	-0	-0	-0
Equity Capital	4	4	4	4	4	4	4	4	4	4	4	4	4
Reserves	0	0	0	1	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	4	4	4	4	4	4	4	4	4	4	4	4	4
Reserves	0	0	0	1	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

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: 0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: 0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: 0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 1
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 1
Promoter Pledge %: 0.00%

Jun 2024

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 0
: 6
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 0
Depreciation: 0
: 0
Tax %: 577.78%
Net Profit: -0
: -1
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -1
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -150.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: -0
: -0
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 4
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	11	7	6	3	1	1	0	0	0	0	0
	11	7	6	3	1	1	1	0	0	6	0
Operating Profit	0	0	0	0	0	0	-0	-0	-0	-0	—
OPM %	2	3	5	4	13	12	-55	—	—	—	—
Other Income	0	0	0	0	0	0	0	0	0	6	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
	0	0	0	0	0	0	-0	-0	-0	-0	-0
Tax %	20	7	19	0	31	0	0	0	0	0	-42
Net Profit	0	0	0	0	0	0	-0	-0	-0	-0	-0
EPS	0	0	0	0	0	0	-1	-1	-1	-1	—
Dividend Payout %	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	-1	-1	-1	-1	—
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	0	0	0	0	0	0	-1	-1	-1	-1	—

Mar 2016

: 11
: 11
Operating Profit: 0
OPM %: 2
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 20
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 7
: 7
Operating Profit: 0
OPM %: 3
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 7
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2018

: 6
: 6
Operating Profit: 0
OPM %: 5
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 19
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2019

: 3
: 3
Operating Profit: 0
OPM %: 4
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 0
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2020

: 1
: 1
Operating Profit: 0
OPM %: 13
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 31
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 1
: 1
Operating Profit: 0
OPM %: 12
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 0
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 0
: 1
Operating Profit: -0
OPM %: -55
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: 0
Net Profit: -0
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2023

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

Mar 2024

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

Mar 2025

: 0
: 6
Operating Profit: -0
OPM %: —
Other Income: 6
Interest: 0
Depreciation: 0
: -0
Tax %: 0
Net Profit: -0
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

TTM

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -42
Net Profit: -0
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:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -3%
5 Years:: -6%
3 Years:: -8%
Last Year:: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	4	4	4	4	4	4	4	4	4	4
	2	2	2	2	2	2	2	1	1	0
Trade Payables	1	0	0	0	0	0	1	1	2	0
	2	2	1	1	1	1	1	1	0	1
Total Liabilities	9	8	7	7	7	7	7	7	8	5
ASSETS	-	-	-	-	-	-	-	-	-	-
	1	1	1	1	1	1	1	1	0	0
	2	1	1	1	1	1	0	0	0	0
	0	0	0	0	0	0	0	0	4	0
Cash & Bank	0	0	0	0	0	0	0	0	1	3
	5	5	4	5	5	5	6	6	2	1
Total Assets	9	8	7	7	7	7	7	7	8	5
Total Debt	2	1	0	0	0	0	0	0	0	0
Net Working Capital	6	5	4	4	4	4	4	4	3	3
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	15.55	14.60	14.87	14.88	14.88	14.89	14.12	12.94	12.16	10.05
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	2	1	0	0	0	0	0	0	0	0
Net Working Capital	6	5	4	4	4	4	4	4	3	3
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	15.55	14.60	14.87	14.88	14.88	14.89	14.12	12.94	12.16	10.05
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 4
: 2
Trade Payables: 1
: 2
Total Liabilities: 9
: 1
: 2
: 0
Cash & Bank: 0
: 5
Total Assets: 9
Total Debt: 2
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 15.55
Face Value: 10.00
Total Debt: 2
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 15.55
Face Value: 10.00

Mar 2017

Equity Capital: 4
: 2
Trade Payables: 0
: 2
Total Liabilities: 8
: 1
: 1
: 0
Cash & Bank: 0
: 5
Total Assets: 8
Total Debt: 1
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 14.60
Face Value: 10.00
Total Debt: 1
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 14.60
Face Value: 10.00

Mar 2018

Equity Capital: 4
: 2
Trade Payables: 0
: 1
Total Liabilities: 7
: 1
: 1
: 0
Cash & Bank: 0
: 4
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.87
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.87
Face Value: 10.00

Mar 2019

Equity Capital: 4
: 2
Trade Payables: 0
: 1
Total Liabilities: 7
: 1
: 1
: 0
Cash & Bank: 0
: 5
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.88
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.88
Face Value: 10.00

Mar 2020

Equity Capital: 4
: 2
Trade Payables: 0
: 1
Total Liabilities: 7
: 1
: 1
: 0
Cash & Bank: 0
: 5
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.88
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.88
Face Value: 10.00

Mar 2021

Equity Capital: 4
: 2
Trade Payables: 0
: 1
Total Liabilities: 7
: 1
: 1
: 0
Cash & Bank: 0
: 5
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.89
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.89
Face Value: 10.00

Mar 2022

Equity Capital: 4
: 2
Trade Payables: 1
: 1
Total Liabilities: 7
: 1
: 0
: 0
Cash & Bank: 0
: 6
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.12
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 14.12
Face Value: 10.00

Mar 2023

Equity Capital: 4
: 1
Trade Payables: 1
: 1
Total Liabilities: 7
: 1
: 0
: 0
Cash & Bank: 0
: 6
Total Assets: 7
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 12.94
Face Value: 10.00
Total Debt: 0
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 12.94
Face Value: 10.00

Mar 2024

Equity Capital: 4
: 1
Trade Payables: 2
: 0
Total Liabilities: 8
: 0
: 0
: 4
Cash & Bank: 1
: 2
Total Assets: 8
Total Debt: 0
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 12.16
Face Value: 10.00
Total Debt: 0
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 12.16
Face Value: 10.00

Mar 2025

Equity Capital: 4
: 0
Trade Payables: 0
: 1
Total Liabilities: 5
: 0
: 0
: 0
Cash & Bank: 3
: 1
Total Assets: 5
Total Debt: 0
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 10.05
Face Value: 10.00
Total Debt: 0
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 10.05
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	1	1	-0	-0	0	0	-0	1	-4
Cash from Investing	-0	-0	-0	-0	0	0	-0	-0	-0	6
Cash from Financing	1	-1	-1	0	0	0	-0	0	-0	0
	-0	0	0	-0	-0	0	-0	0	1	2
Free Cash Flow	-1	1	1	-0	-0	0	-0	-0	1	-4
OCF / Net Profit	-127.80	25.94	9.98	-25.38	-50.11	23.27	-0.15	0.27	-3.85	10.06
Cumulative 5-Year FCF	0	0	0	0	0	2	1	-0	1	-2
OCF / Net Profit	-127.80	25.94	9.98	-25.38	-50.11	23.27	-0.15	0.27	-3.85	10.06
Cumulative 5-Year FCF	0	0	0	0	0	2	1	-0	1	-2

Mar 2016

: -1
Cash from Investing: -0
Cash from Financing: 1
: -0
Free Cash Flow: -1
OCF / Net Profit: -127.80
Cumulative 5-Year FCF: 0
OCF / Net Profit: -127.80
Cumulative 5-Year FCF: 0

Mar 2017

: 1
Cash from Investing: -0
Cash from Financing: -1
: 0
Free Cash Flow: 1
OCF / Net Profit: 25.94
Cumulative 5-Year FCF: 0
OCF / Net Profit: 25.94
Cumulative 5-Year FCF: 0

Mar 2018

: 1
Cash from Investing: -0
Cash from Financing: -1
: 0
Free Cash Flow: 1
OCF / Net Profit: 9.98
Cumulative 5-Year FCF: 0
OCF / Net Profit: 9.98
Cumulative 5-Year FCF: 0

Mar 2019

: -0
Cash from Investing: -0
Cash from Financing: 0
: -0
Free Cash Flow: -0
OCF / Net Profit: -25.38
Cumulative 5-Year FCF: 0
OCF / Net Profit: -25.38
Cumulative 5-Year FCF: 0

Mar 2020

: -0
Cash from Investing: 0
Cash from Financing: 0
: -0
Free Cash Flow: -0
OCF / Net Profit: -50.11
Cumulative 5-Year FCF: 0
OCF / Net Profit: -50.11
Cumulative 5-Year FCF: 0

Mar 2021

: 0
Cash from Investing: 0
Cash from Financing: 0
: 0
Free Cash Flow: 0
OCF / Net Profit: 23.27
Cumulative 5-Year FCF: 2
OCF / Net Profit: 23.27
Cumulative 5-Year FCF: 2

Mar 2022

: 0
Cash from Investing: -0
Cash from Financing: -0
: -0
Free Cash Flow: -0
OCF / Net Profit: -0.15
Cumulative 5-Year FCF: 1
OCF / Net Profit: -0.15
Cumulative 5-Year FCF: 1

Mar 2023

: -0
Cash from Investing: -0
Cash from Financing: 0
: 0
Free Cash Flow: -0
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: -0
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: -0

Mar 2024

: 1
Cash from Investing: -0
Cash from Financing: -0
: 1
Free Cash Flow: 1
OCF / Net Profit: -3.85
Cumulative 5-Year FCF: 1
OCF / Net Profit: -3.85
Cumulative 5-Year FCF: 1

Mar 2025

: -4
Cash from Investing: 6
Cash from Financing: 0
: 2
Free Cash Flow: -4
OCF / Net Profit: 10.06
Cumulative 5-Year FCF: -2
OCF / Net Profit: 10.06
Cumulative 5-Year FCF: -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	0.03	0.09	0.26	0.01	0.01	0.00	-0.77	-1.18	-0.78	-0.86
Book Value (₹)	15.55	14.60	14.87	14.88	14.88	14.89	14.12	12.94	12.16	10.05
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.43	0.46	0.58	0.31	0.31	0.28	-0.51	-0.94	-0.62	-0.86
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	1.76%	3.05%	4.60%	4.23%	12.64%	12.44%	-55.28%	0.00%	0.00%	0.00%
Net Margin %	0.10%	0.52%	1.89%	0.16%	0.26%	0.13%	-83.46%	0.00%	0.00%	0.00%
ROE %	0.18%	0.60%	1.79%	0.09%	0.04%	0.02%	-5.29%	-8.74%	-6.24%	-7.74%
ROCE %	0.37%	0.86%	2.06%	0.09%	0.06%	0.02%	-5.22%	-8.55%	-6.11%	-7.59%
	0.13%	0.43%	1.44%	0.07%	0.04%	0.02%	-4.44%	-7.08%	-4.47%	-5.67%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	117	192	194	318	1159	1385	3638	0	0	0
Inventory Days	53	81	80	132	376	312	432	0	0	0
Payable Days	19	27	23	40	192	223	432	1091	0	8871
	151	246	250	410	1342	1474	3639	-1091	0	-8871
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.28x	0.17x	0.00x	0.01x	0.02x	0.02x	0.01x	0.04x	0.00x	0.00x
Interest Coverage (x)	2.02x	2.56x	81.59x	37.92x	58.44x	5.81x	0.00x	0.00x	0.00x	-61.14x
	6.04x	5.81x	5.23x	5.48x	4.98x	5.54x	4.35x	4.14x	2.21x	5.97x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	2.81%	-35.32%	-19.98%	-43.90%	-68.84%	-8.10%	-59.03%	-100.00%	0.00%	0.00%
Operating Profit Growth %	-9.36%	11.92%	20.89%	-48.40%	-6.92%	-9.59%	-282.09%	-86.03%	34.54%	-36.67%
Net Profit Growth %	0.54%	225.90%	192.50%	-95.12%	-50.77%	-55.54%	0.00%	-54.17%	33.81%	-9.79%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.81%	-9.78%
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	0.35x	0.70x
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	-1.21x	1.70x

Mar 2016

EPS (₹): 0.03
Book Value (₹): 15.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.43
Operating Margin %: 1.76%
Net Margin %: 0.10%
ROE %: 0.18%
ROCE %: 0.37%
: 0.13%
Debtor Days: 117
Inventory Days: 53
Payable Days: 19
: 151
Debt to Equity (x): 0.28x
Interest Coverage (x): 2.02x
: 6.04x
Revenue Growth %: 2.81%
Operating Profit Growth %: -9.36%
Net Profit Growth %: 0.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 0.09
Book Value (₹): 14.60
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.46
Operating Margin %: 3.05%
Net Margin %: 0.52%
ROE %: 0.60%
ROCE %: 0.86%
: 0.43%
Debtor Days: 192
Inventory Days: 81
Payable Days: 27
: 246
Debt to Equity (x): 0.17x
Interest Coverage (x): 2.56x
: 5.81x
Revenue Growth %: -35.32%
Operating Profit Growth %: 11.92%
Net Profit Growth %: 225.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 0.26
Book Value (₹): 14.87
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.58
Operating Margin %: 4.60%
Net Margin %: 1.89%
ROE %: 1.79%
ROCE %: 2.06%
: 1.44%
Debtor Days: 194
Inventory Days: 80
Payable Days: 23
: 250
Debt to Equity (x): 0.00x
Interest Coverage (x): 81.59x
: 5.23x
Revenue Growth %: -19.98%
Operating Profit Growth %: 20.89%
Net Profit Growth %: 192.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 0.01
Book Value (₹): 14.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.31
Operating Margin %: 4.23%
Net Margin %: 0.16%
ROE %: 0.09%
ROCE %: 0.09%
: 0.07%
Debtor Days: 318
Inventory Days: 132
Payable Days: 40
: 410
Debt to Equity (x): 0.01x
Interest Coverage (x): 37.92x
: 5.48x
Revenue Growth %: -43.90%
Operating Profit Growth %: -48.40%
Net Profit Growth %: -95.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 0.01
Book Value (₹): 14.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.31
Operating Margin %: 12.64%
Net Margin %: 0.26%
ROE %: 0.04%
ROCE %: 0.06%
: 0.04%
Debtor Days: 1159
Inventory Days: 376
Payable Days: 192
: 1342
Debt to Equity (x): 0.02x
Interest Coverage (x): 58.44x
: 4.98x
Revenue Growth %: -68.84%
Operating Profit Growth %: -6.92%
Net Profit Growth %: -50.77%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.00
Book Value (₹): 14.89
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.28
Operating Margin %: 12.44%
Net Margin %: 0.13%
ROE %: 0.02%
ROCE %: 0.02%
: 0.02%
Debtor Days: 1385
Inventory Days: 312
Payable Days: 223
: 1474
Debt to Equity (x): 0.02x
Interest Coverage (x): 5.81x
: 5.54x
Revenue Growth %: -8.10%
Operating Profit Growth %: -9.59%
Net Profit Growth %: -55.54%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -0.77
Book Value (₹): 14.12
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.51
Operating Margin %: -55.28%
Net Margin %: -83.46%
ROE %: -5.29%
ROCE %: -5.22%
: -4.44%
Debtor Days: 3638
Inventory Days: 432
Payable Days: 432
: 3639
Debt to Equity (x): 0.01x
Interest Coverage (x): 0.00x
: 4.35x
Revenue Growth %: -59.03%
Operating Profit Growth %: -282.09%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): -1.18
Book Value (₹): 12.94
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.94
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: -8.74%
ROCE %: -8.55%
: -7.08%
Debtor Days: 0
Inventory Days: 0
Payable Days: 1091
: -1091
Debt to Equity (x): 0.04x
Interest Coverage (x): 0.00x
: 4.14x
Revenue Growth %: -100.00%
Operating Profit Growth %: -86.03%
Net Profit Growth %: -54.17%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -0.78
Book Value (₹): 12.16
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.62
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: -6.24%
ROCE %: -6.11%
: -4.47%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 2.21x
Revenue Growth %: 0.00%
Operating Profit Growth %: 34.54%
Net Profit Growth %: 33.81%
: 33.81%
P/E (x): 0.00x
P/B (x): 0.35x
Dividend Yield %: 0.00%
: -1.21x

Mar 2025

EPS (₹): -0.86
Book Value (₹): 10.05
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.86
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: -7.74%
ROCE %: -7.59%
: -5.67%
Debtor Days: 0
Inventory Days: 0
Payable Days: 8871
: -8871
Debt to Equity (x): 0.00x
Interest Coverage (x): -61.14x
: 5.97x
Revenue Growth %: 0.00%
Operating Profit Growth %: -36.67%
Net Profit Growth %: -9.79%
: -9.78%
P/E (x): 0.00x
P/B (x): 0.70x
Dividend Yield %: 0.00%
: 1.70x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	34.36	34.36	34.36	34.36	34.36	34.36	34.36	34.36	34.36
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	65.53	65.53	65.53	65.53	65.53	65.53	65.53	65.53	65.53

Jun 2024

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Sep 2024

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Dec 2024

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Mar 2025

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Jun 2025

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Sep 2025

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Dec 2025

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Mar 2026

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

Jun 2026

: 34.36
FIIs: 0.00
: 0.11
Government: 0.00
: 65.53

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Annual Reports

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Concalls

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