Mafatlal Industries Ltd.
•₹ 121.81-2.25%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Consumer Durables & Others: 59.8% • Textile & Related Products: 38.6% • Technology & Related Products: 1.6%
PROS
- Company is almost debt free
- Company has delivered good sales growth of 45.1% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Company comfortably covers its interest (11.9x coverage)
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.4
CONS
- Recent results are weak - TTM profit is down 57.7% versus prior year
- A large part of profit comes from other income (41.1% of PBT)
- Company has a low return on capital employed of 11.5%
- Effective tax rate is unusually low at 5.9% - earnings may be flattered
- Recurring exceptional / one-off items are inflating headline profit
- Valuation is stretched - P/E of 14.9 is well above its own 5-year median (8.7)
* 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. | PAGEIND | 35400.00 | 0.00 | 39484.71 | 1.55 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| 2. | KPRMILL | 1122.45 | 42.05 | 38366.91 | 0.45 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| 3. | VTL | 594.75 | 20.30 | 17216.57 | 0.84 | 314.56 | 51.46 | 2703.08 | 13.31 | 11.31 | 18.11 |
| 4. | WELSPUNLIV | 181.25 | 61.68 | 17123.64 | 0.06 | 162.61 | 82.09 | 2795.45 | 23.66 | 15.04 | 11.53 |
| 5. | ARVIND | 518.15 | 34.04 | 14095.79 | 0.87 | 57.77 | 5.61 | 2500.96 | 24.65 | 13.98 | 9.64 |
| 6. | MANYAVAR | 542.75 | 32.73 | 13187.64 | 1.43 | 66.90 | 37.31 | 267.95 | 22.74 | 33.92 | 45.53 |
| 7. | PGIL | 2410.95 | 35.88 | 11136.31 | 0.60 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| 8. | SWANCORP | 302.25 | 42.38 | 9474.23 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| 9. | ICIL | 444.15 | 58.30 | 8796.58 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| 10. | GARFIBRES | 759.85 | 35.32 | 7419.81 | 1.18 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| 11. | KUSUMGAR | 565.70 | 60.48 | 5939.36 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| 12. | MAFATIND | 122.10 | 14.95 | 881.30 | 2.05 | 14.68 | -67.78 | 942.65 | -24.00 | 12.60 | 1.92 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 586 | 309 | 420 | 764 | 452 | 996 | 910 | 450 | 1,240 | 1,030 | 717 | 884 | 943 | |
| 573 | 301 | 410 | 749 | 427 | 977 | 896 | 439 | 1,197 | 1,005 | 704 | 874 | 931 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 23 | 21 | 15 | 6 | 6 | 14 | 13 | 6 | 5 | 11 | 7 | 9 | 8 |
| Interest | 3 | 3 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| 27 | 21 | 17 | 14 | 24 | 20 | 20 | 10 | 42 | 28 | 11 | 13 | 20 | |
| Tax % | 0.00% | 0.00% | 0.00% | -145.35% | -28.89% | -0.15% | -19.08% | -123.89% | -8.79% | 23.96% | 64.54% | -36.95% | 25.29% |
| Net Profit | 27 | 21 | 0 | 0 | 30 | 20 | 24 | 23 | 46 | 22 | 4 | 18 | 15 |
| 4 | 3 | 2 | 5 | 4 | 3 | 3 | 3 | 6 | 3 | 1 | 2 | 0 | |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| 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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| 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
- 586
- 573
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 3
- Depreciation
- 4
- 27
- Tax %
- 0.00%
- Net Profit
- 27
- 4
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 309
- 301
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 3
- Depreciation
- 4
- 21
- Tax %
- 0.00%
- Net Profit
- 21
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 420
- 410
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 5
- Depreciation
- 4
- 17
- Tax %
- 0.00%
- Net Profit
- 0
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 764
- 749
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 4
- Depreciation
- 4
- 14
- Tax %
- -145.35%
- Net Profit
- 0
- 5
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 452
- 427
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 4
- Depreciation
- 4
- 24
- Tax %
- -28.89%
- Net Profit
- 30
- 4
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 996
- 977
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 3
- Depreciation
- 4
- 20
- Tax %
- -0.15%
- Net Profit
- 20
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 910
- 896
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 3
- Depreciation
- 4
- 20
- Tax %
- -19.08%
- Net Profit
- 24
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 450
- 439
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 2
- Depreciation
- 4
- 10
- Tax %
- -123.89%
- Net Profit
- 23
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,240
- 1,197
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 4
- 42
- Tax %
- -8.79%
- Net Profit
- 46
- 6
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,030
- 1,005
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 3
- Depreciation
- 4
- 28
- Tax %
- 23.96%
- Net Profit
- 22
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 717
- 704
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 4
- 11
- Tax %
- 64.54%
- Net Profit
- 4
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 884
- 874
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 2
- Depreciation
- 4
- 13
- Tax %
- -36.95%
- Net Profit
- 18
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 943
- 931
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 4
- 20
- Tax %
- 25.29%
- Net Profit
- 15
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,238 | 1,168 | 1,024 | 1,006 | 603 | 1,003 | 1,372 | 2,079 | 2,807 | 3,871 | 3,573 | |
| 1,223 | 1,177 | 1,085 | 1,012 | 650 | 995 | 1,345 | 2,035 | 2,740 | 3,787 | 3,513 | |
| Operating Profit | 63 | 25 | -30 | 50 | -11 | 76 | 74 | 109 | 106 | 123 | — |
| OPM % | 5 | 2 | -3 | 5 | -2 | 8 | 5 | 5 | 4 | 3 | — |
| Other Income | 48 | 35 | 31 | 57 | 36 | 68 | 47 | 65 | 39 | 39 | 35 |
| Interest | 27 | 31 | 30 | 31 | 22 | 19 | 18 | 15 | 11 | 9 | 9 |
| Depreciation | 32 | 36 | 36 | 17 | 17 | 16 | 15 | 15 | 15 | 17 | 17 |
| -1 | -42 | -180 | -13 | -91 | 32 | 40 | 79 | 74 | 95 | 72 | |
| Tax % | 914 | 0 | 0 | -3 | -3 | 9 | 7 | -25 | -32 | 6 | 20 |
| Net Profit | 4 | -42 | -180 | -14 | -94 | 29 | 37 | 99 | 98 | 89 | 58 |
| EPS | 3 | -30 | -129 | -10 | -68 | 4 | 5 | 14 | 14 | 12 | — |
| Dividend Payout % | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 20 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | -6 | -26 | -2 | -13 | 4 | 5 | 14 | 14 | 12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | -6 | -26 | -2 | -13 | 4 | 5 | 14 | 14 | 12 | — |
Mar 2017
- 1,238
- 1,223
- Operating Profit
- 63
- OPM %
- 5
- Other Income
- 48
- Interest
- 27
- Depreciation
- 32
- -1
- Tax %
- 914
- Net Profit
- 4
- EPS
- 3
- Dividend Payout %
- 67
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 1,168
- 1,177
- Operating Profit
- 25
- OPM %
- 2
- Other Income
- 35
- Interest
- 31
- Depreciation
- 36
- -42
- Tax %
- 0
- Net Profit
- -42
- EPS
- -30
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2019
- 1,024
- 1,085
- Operating Profit
- -30
- OPM %
- -3
- Other Income
- 31
- Interest
- 30
- Depreciation
- 36
- -180
- Tax %
- 0
- Net Profit
- -180
- EPS
- -129
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -26
Mar 2020
- 1,006
- 1,012
- Operating Profit
- 50
- OPM %
- 5
- Other Income
- 57
- Interest
- 31
- Depreciation
- 17
- -13
- Tax %
- -3
- Net Profit
- -14
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 603
- 650
- Operating Profit
- -11
- OPM %
- -2
- Other Income
- 36
- Interest
- 22
- Depreciation
- 17
- -91
- Tax %
- -3
- Net Profit
- -94
- EPS
- -68
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
Mar 2022
- 1,003
- 995
- Operating Profit
- 76
- OPM %
- 8
- Other Income
- 68
- Interest
- 19
- Depreciation
- 16
- 32
- Tax %
- 9
- Net Profit
- 29
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 1,372
- 1,345
- Operating Profit
- 74
- OPM %
- 5
- Other Income
- 47
- Interest
- 18
- Depreciation
- 15
- 40
- Tax %
- 7
- Net Profit
- 37
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 2,079
- 2,035
- Operating Profit
- 109
- OPM %
- 5
- Other Income
- 65
- Interest
- 15
- Depreciation
- 15
- 79
- Tax %
- -25
- Net Profit
- 99
- EPS
- 14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2025
- 2,807
- 2,740
- Operating Profit
- 106
- OPM %
- 4
- Other Income
- 39
- Interest
- 11
- Depreciation
- 15
- 74
- Tax %
- -32
- Net Profit
- 98
- EPS
- 14
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 3,871
- 3,787
- Operating Profit
- 123
- OPM %
- 3
- Other Income
- 39
- Interest
- 9
- Depreciation
- 17
- 95
- Tax %
- 6
- Net Profit
- 89
- EPS
- 12
- Dividend Payout %
- 20
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 12
TTM
- 3,573
- 3,513
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 9
- Depreciation
- 17
- 72
- Tax %
- 20
- Net Profit
- 58
- 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:
- 11%
- 5 Years:
- 45%
- 3 Years:
- 41%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 18%
- 5 Years:
- —
- 3 Years:
- 34%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- -1%
- 5 Years:
- 10%
- 3 Years:
- 13%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| 576 | 784 | 493 | 270 | 452 | 671 | 598 | 799 | 724 | 755 | |
| 154 | 153 | 151 | 87 | 88 | 68 | 67 | 37 | 33 | 21 | |
| Trade Payables | 253 | 270 | 215 | 314 | 249 | 347 | 371 | 766 | 443 | 714 |
| 333 | 295 | 259 | 249 | 260 | 244 | 248 | 304 | 245 | 309 | |
| Total Liabilities | 1,329 | 1,517 | 1,131 | 934 | 1,062 | 1,344 | 1,298 | 1,920 | 1,459 | 1,814 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 315 | 295 | 136 | 136 | 112 | 95 | 92 | 84 | 83 | 84 | |
| Capital Work in Progress | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| 284 | 502 | 374 | 168 | 444 | 633 | 523 | 631 | 443 | 389 | |
| 172 | 163 | 105 | 106 | 24 | 72 | 106 | 80 | 97 | 106 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 638 | 479 | 710 | |
| Cash & Bank | 14 | 36 | 19 | 36 | 58 | 91 | 73 | 268 | 162 | 259 |
| 539 | 515 | 497 | 488 | 424 | 453 | 504 | 219 | 193 | 256 | |
| Total Assets | 1,329 | 1,517 | 1,131 | 934 | 1,062 | 1,344 | 1,298 | 1,920 | 1,459 | 1,814 |
| Total Debt | 250 | 234 | 207 | 150 | 148 | 112 | 94 | 82 | 68 | 61 |
| Net Working Capital | 77 | 44 | -54 | 7 | -53 | -4 | 16 | 107 | 165 | 230 |
| Contingent Liabilities | 111 | 99 | 105 | 98 | 94 | 60 | 95 | 95 | 98 | 62 |
| Book Value per Share | 423.79 | 573.81 | 364.12 | 204.07 | 334.36 | 487.03 | 86.67 | 113.71 | 102.73 | 106.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 250 | 234 | 207 | 150 | 148 | 112 | 94 | 82 | 68 | 61 |
| Net Working Capital | 77 | 44 | -54 | 7 | -53 | -4 | 16 | 107 | 165 | 230 |
| Contingent Liabilities | 111 | 99 | 105 | 98 | 94 | 60 | 95 | 95 | 98 | 62 |
| Book Value per Share | 423.79 | 573.81 | 364.12 | 204.07 | 334.36 | 487.03 | 86.67 | 113.71 | 102.73 | 106.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 14
- 576
- 154
- Trade Payables
- 253
- 333
- Total Liabilities
- 1,329
- 315
- Capital Work in Progress
- 4
- 284
- 172
- 0
- Cash & Bank
- 14
- 539
- Total Assets
- 1,329
- Total Debt
- 250
- Net Working Capital
- 77
- Contingent Liabilities
- 111
- Book Value per Share
- 423.79
- Face Value
- 10.00
- Total Debt
- 250
- Net Working Capital
- 77
- Contingent Liabilities
- 111
- Book Value per Share
- 423.79
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 14
- 784
- 153
- Trade Payables
- 270
- 295
- Total Liabilities
- 1,517
- 295
- Capital Work in Progress
- 7
- 502
- 163
- 0
- Cash & Bank
- 36
- 515
- Total Assets
- 1,517
- Total Debt
- 234
- Net Working Capital
- 44
- Contingent Liabilities
- 99
- Book Value per Share
- 573.81
- Face Value
- 10.00
- Total Debt
- 234
- Net Working Capital
- 44
- Contingent Liabilities
- 99
- Book Value per Share
- 573.81
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 14
- 493
- 151
- Trade Payables
- 215
- 259
- Total Liabilities
- 1,131
- 136
- Capital Work in Progress
- 0
- 374
- 105
- 0
- Cash & Bank
- 19
- 497
- Total Assets
- 1,131
- Total Debt
- 207
- Net Working Capital
- -54
- Contingent Liabilities
- 105
- Book Value per Share
- 364.12
- Face Value
- 10.00
- Total Debt
- 207
- Net Working Capital
- -54
- Contingent Liabilities
- 105
- Book Value per Share
- 364.12
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 14
- 270
- 87
- Trade Payables
- 314
- 249
- Total Liabilities
- 934
- 136
- Capital Work in Progress
- 0
- 168
- 106
- 0
- Cash & Bank
- 36
- 488
- Total Assets
- 934
- Total Debt
- 150
- Net Working Capital
- 7
- Contingent Liabilities
- 98
- Book Value per Share
- 204.07
- Face Value
- 10.00
- Total Debt
- 150
- Net Working Capital
- 7
- Contingent Liabilities
- 98
- Book Value per Share
- 204.07
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 14
- 452
- 88
- Trade Payables
- 249
- 260
- Total Liabilities
- 1,062
- 112
- Capital Work in Progress
- 0
- 444
- 24
- 0
- Cash & Bank
- 58
- 424
- Total Assets
- 1,062
- Total Debt
- 148
- Net Working Capital
- -53
- Contingent Liabilities
- 94
- Book Value per Share
- 334.36
- Face Value
- 10.00
- Total Debt
- 148
- Net Working Capital
- -53
- Contingent Liabilities
- 94
- Book Value per Share
- 334.36
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 14
- 671
- 68
- Trade Payables
- 347
- 244
- Total Liabilities
- 1,344
- 95
- Capital Work in Progress
- 0
- 633
- 72
- 0
- Cash & Bank
- 91
- 453
- Total Assets
- 1,344
- Total Debt
- 112
- Net Working Capital
- -4
- Contingent Liabilities
- 60
- Book Value per Share
- 487.03
- Face Value
- 10.00
- Total Debt
- 112
- Net Working Capital
- -4
- Contingent Liabilities
- 60
- Book Value per Share
- 487.03
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 14
- 598
- 67
- Trade Payables
- 371
- 248
- Total Liabilities
- 1,298
- 92
- Capital Work in Progress
- 0
- 523
- 106
- 0
- Cash & Bank
- 73
- 504
- Total Assets
- 1,298
- Total Debt
- 94
- Net Working Capital
- 16
- Contingent Liabilities
- 95
- Book Value per Share
- 86.67
- Face Value
- 2.00
- Total Debt
- 94
- Net Working Capital
- 16
- Contingent Liabilities
- 95
- Book Value per Share
- 86.67
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 14
- 799
- 37
- Trade Payables
- 766
- 304
- Total Liabilities
- 1,920
- 84
- Capital Work in Progress
- 0
- 631
- 80
- 638
- Cash & Bank
- 268
- 219
- Total Assets
- 1,920
- Total Debt
- 82
- Net Working Capital
- 107
- Contingent Liabilities
- 95
- Book Value per Share
- 113.71
- Face Value
- 2.00
- Total Debt
- 82
- Net Working Capital
- 107
- Contingent Liabilities
- 95
- Book Value per Share
- 113.71
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 14
- 724
- 33
- Trade Payables
- 443
- 245
- Total Liabilities
- 1,459
- 83
- Capital Work in Progress
- 0
- 443
- 97
- 479
- Cash & Bank
- 162
- 193
- Total Assets
- 1,459
- Total Debt
- 68
- Net Working Capital
- 165
- Contingent Liabilities
- 98
- Book Value per Share
- 102.73
- Face Value
- 2.00
- Total Debt
- 68
- Net Working Capital
- 165
- Contingent Liabilities
- 98
- Book Value per Share
- 102.73
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 14
- 755
- 21
- Trade Payables
- 714
- 309
- Total Liabilities
- 1,814
- 84
- Capital Work in Progress
- 10
- 389
- 106
- 710
- Cash & Bank
- 259
- 256
- Total Assets
- 1,814
- Total Debt
- 61
- Net Working Capital
- 230
- Contingent Liabilities
- 62
- Book Value per Share
- 106.67
- Face Value
- 2.00
- Total Debt
- 61
- Net Working Capital
- 230
- Contingent Liabilities
- 62
- Book Value per Share
- 106.67
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 12 | 8 | 24 | 7 | 10 | -7 | 159 | -84 | 141 | |
| Cash from Investing | -73 | 49 | 40 | 84 | 31 | 61 | 36 | -2 | -17 | -35 |
| Cash from Financing | -11 | -52 | -57 | -91 | -29 | -52 | -34 | -23 | -30 | -33 |
| 4 | 9 | -9 | 17 | 9 | 18 | -5 | 133 | -131 | 73 | |
| Free Cash Flow | 88 | -6 | 8 | 8 | 7 | 10 | -18 | 159 | -107 | 114 |
| OCF / Net Profit | 21.32 | -0.30 | -0.04 | -1.76 | -0.07 | 0.33 | -0.19 | 1.61 | -0.86 | 1.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 104 | 26 | 14 | 165 | 51 | 158 |
| OCF / Net Profit | 21.32 | -0.30 | -0.04 | -1.76 | -0.07 | 0.33 | -0.19 | 1.61 | -0.86 | 1.58 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 104 | 26 | 14 | 165 | 51 | 158 |
Mar 2017
- 88
- Cash from Investing
- -73
- Cash from Financing
- -11
- 4
- Free Cash Flow
- 88
- OCF / Net Profit
- 21.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 21.32
- Cumulative 5-Year FCF
- 0
Mar 2018
- 12
- Cash from Investing
- 49
- Cash from Financing
- -52
- 9
- Free Cash Flow
- -6
- OCF / Net Profit
- -0.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.30
- Cumulative 5-Year FCF
- 0
Mar 2019
- 8
- Cash from Investing
- 40
- Cash from Financing
- -57
- -9
- Free Cash Flow
- 8
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.04
- Cumulative 5-Year FCF
- 0
Mar 2020
- 24
- Cash from Investing
- 84
- Cash from Financing
- -91
- 17
- Free Cash Flow
- 8
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.76
- Cumulative 5-Year FCF
- 0
Mar 2021
- 7
- Cash from Investing
- 31
- Cash from Financing
- -29
- 9
- Free Cash Flow
- 7
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 104
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 104
Mar 2022
- 10
- Cash from Investing
- 61
- Cash from Financing
- -52
- 18
- Free Cash Flow
- 10
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 26
Mar 2023
- -7
- Cash from Investing
- 36
- Cash from Financing
- -34
- -5
- Free Cash Flow
- -18
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 14
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 14
Mar 2024
- 159
- Cash from Investing
- -2
- Cash from Financing
- -23
- 133
- Free Cash Flow
- 159
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 165
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 165
Mar 2025
- -84
- Cash from Investing
- -17
- Cash from Financing
- -30
- -131
- Free Cash Flow
- -107
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 51
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 51
Mar 2026
- 141
- Cash from Investing
- -35
- Cash from Financing
- -33
- 73
- Free Cash Flow
- 114
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 158
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 158
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 2.96 | -30.03 | -129.43 | -9.85 | -67.49 | 20.44 | 5.27 | 13.81 | 13.63 | 12.47 |
| Book Value (₹) | 423.79 | 573.81 | 364.12 | 204.07 | 334.36 | 487.03 | 86.67 | 113.71 | 102.73 | 106.67 |
| Dividend per Share (₹) | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.50 |
| Cash EPS (₹) | 5.25 | -0.82 | -20.72 | 0.50 | -11.05 | 6.31 | 7.44 | 15.91 | 15.72 | 14.70 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.10% | 2.16% | -2.96% | 4.96% | -1.88% | 7.55% | 5.33% | 2.10% | 2.40% | 2.18% |
| Net Margin % | 0.33% | -3.58% | -17.59% | -1.36% | -15.59% | 2.84% | 2.69% | 4.73% | 3.49% | 2.30% |
| ROE % | 0.85% | -6.02% | -27.60% | -3.47% | -25.08% | 4.98% | 5.72% | 13.86% | 12.62% | 11.81% |
| ROCE % | 3.62% | -1.16% | -17.17% | 3.15% | -13.20% | 7.10% | 7.65% | 11.77% | 10.00% | 12.60% |
| 0.34% | -2.94% | -13.60% | -1.33% | -9.41% | 2.38% | 2.81% | 6.14% | 5.80% | 5.44% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 88 | 90 | 86 | 82 | 143 | 85 | 71 | 81 | 73 | 56 |
| Inventory Days | 48 | 52 | 48 | 38 | 40 | 17 | 24 | 16 | 12 | 10 |
| Payable Days | 116 | 121 | 120 | 123 | 195 | 137 | 122 | 120 | 91 | 61 |
| 21 | 21 | 14 | -3 | -12 | -34 | -27 | -23 | -7 | 4 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.42x | 0.29x | 0.41x | 0.53x | 0.32x | 0.16x | 0.15x | 0.10x | 0.09x | 0.08x |
| Interest Coverage (x) | 0.98x | -0.35x | -4.96x | 0.57x | -3.13x | 2.69x | 3.25x | 6.15x | 7.78x | 11.89x |
| 1.16x | 1.09x | 0.88x | 1.02x | 0.87x | 0.99x | 1.03x | 1.11x | 1.27x | 1.25x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -6.41% | -5.70% | -12.32% | -1.79% | -40.04% | 66.38% | 36.75% | 51.54% | 35.06% | 37.88% |
| Operating Profit Growth % | 3.16% | -60.01% | -220.06% | 264.47% | -122.72% | 771.80% | -3.31% | 48.72% | -2.76% | 15.87% |
| Net Profit Growth % | -75.92% | -1113.05% | -331.02% | 92.39% | -585.50% | 130.50% | 29.36% | 166.39% | -0.83% | -9.05% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 162.26% | -1.30% | -8.51% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.21x | 8.89x | 8.68x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.00x | 1.18x | 1.01x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 2.31% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.71x | 7.31x | 4.73x |
Mar 2017
- EPS (₹)
- 2.96
- Book Value (₹)
- 423.79
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 5.25
- Operating Margin %
- 5.10%
- Net Margin %
- 0.33%
- ROE %
- 0.85%
- ROCE %
- 3.62%
- 0.34%
- Debtor Days
- 88
- Inventory Days
- 48
- Payable Days
- 116
- 21
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 0.98x
- 1.16x
- Revenue Growth %
- -6.41%
- Operating Profit Growth %
- 3.16%
- Net Profit Growth %
- -75.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -30.03
- Book Value (₹)
- 573.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.82
- Operating Margin %
- 2.16%
- Net Margin %
- -3.58%
- ROE %
- -6.02%
- ROCE %
- -1.16%
- -2.94%
- Debtor Days
- 90
- Inventory Days
- 52
- Payable Days
- 121
- 21
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- -0.35x
- 1.09x
- Revenue Growth %
- -5.70%
- Operating Profit Growth %
- -60.01%
- Net Profit Growth %
- -1113.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -129.43
- Book Value (₹)
- 364.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -20.72
- Operating Margin %
- -2.96%
- Net Margin %
- -17.59%
- ROE %
- -27.60%
- ROCE %
- -17.17%
- -13.60%
- Debtor Days
- 86
- Inventory Days
- 48
- Payable Days
- 120
- 14
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- -4.96x
- 0.88x
- Revenue Growth %
- -12.32%
- Operating Profit Growth %
- -220.06%
- Net Profit Growth %
- -331.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -9.85
- Book Value (₹)
- 204.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.50
- Operating Margin %
- 4.96%
- Net Margin %
- -1.36%
- ROE %
- -3.47%
- ROCE %
- 3.15%
- -1.33%
- Debtor Days
- 82
- Inventory Days
- 38
- Payable Days
- 123
- -3
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 0.57x
- 1.02x
- Revenue Growth %
- -1.79%
- Operating Profit Growth %
- 264.47%
- Net Profit Growth %
- 92.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -67.49
- Book Value (₹)
- 334.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -11.05
- Operating Margin %
- -1.88%
- Net Margin %
- -15.59%
- ROE %
- -25.08%
- ROCE %
- -13.20%
- -9.41%
- Debtor Days
- 143
- Inventory Days
- 40
- Payable Days
- 195
- -12
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- -3.13x
- 0.87x
- Revenue Growth %
- -40.04%
- Operating Profit Growth %
- -122.72%
- Net Profit Growth %
- -585.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 20.44
- Book Value (₹)
- 487.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.31
- Operating Margin %
- 7.55%
- Net Margin %
- 2.84%
- ROE %
- 4.98%
- ROCE %
- 7.10%
- 2.38%
- Debtor Days
- 85
- Inventory Days
- 17
- Payable Days
- 137
- -34
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 2.69x
- 0.99x
- Revenue Growth %
- 66.38%
- Operating Profit Growth %
- 771.80%
- Net Profit Growth %
- 130.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.27
- Book Value (₹)
- 86.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.44
- Operating Margin %
- 5.33%
- Net Margin %
- 2.69%
- ROE %
- 5.72%
- ROCE %
- 7.65%
- 2.81%
- Debtor Days
- 71
- Inventory Days
- 24
- Payable Days
- 122
- -27
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 3.25x
- 1.03x
- Revenue Growth %
- 36.75%
- Operating Profit Growth %
- -3.31%
- Net Profit Growth %
- 29.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 13.81
- Book Value (₹)
- 113.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.91
- Operating Margin %
- 2.10%
- Net Margin %
- 4.73%
- ROE %
- 13.86%
- ROCE %
- 11.77%
- 6.14%
- Debtor Days
- 81
- Inventory Days
- 16
- Payable Days
- 120
- -23
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 6.15x
- 1.11x
- Revenue Growth %
- 51.54%
- Operating Profit Growth %
- 48.72%
- Net Profit Growth %
- 166.39%
- 162.26%
- P/E (x)
- 8.21x
- P/B (x)
- 1.00x
- Dividend Yield %
- 0.00%
- 5.71x
Mar 2025
- EPS (₹)
- 13.63
- Book Value (₹)
- 102.73
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 15.72
- Operating Margin %
- 2.40%
- Net Margin %
- 3.49%
- ROE %
- 12.62%
- ROCE %
- 10.00%
- 5.80%
- Debtor Days
- 73
- Inventory Days
- 12
- Payable Days
- 91
- -7
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 7.78x
- 1.27x
- Revenue Growth %
- 35.06%
- Operating Profit Growth %
- -2.76%
- Net Profit Growth %
- -0.83%
- -1.30%
- P/E (x)
- 8.89x
- P/B (x)
- 1.18x
- Dividend Yield %
- 1.65%
- 7.31x
Mar 2026
- EPS (₹)
- 12.47
- Book Value (₹)
- 106.67
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 14.70
- Operating Margin %
- 2.18%
- Net Margin %
- 2.30%
- ROE %
- 11.81%
- ROCE %
- 12.60%
- 5.44%
- Debtor Days
- 56
- Inventory Days
- 10
- Payable Days
- 61
- 4
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 11.89x
- 1.25x
- Revenue Growth %
- 37.88%
- Operating Profit Growth %
- 15.87%
- Net Profit Growth %
- -9.05%
- -8.51%
- P/E (x)
- 8.68x
- P/B (x)
- 1.01x
- Dividend Yield %
- 2.31%
- 4.73x
Documents
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