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 comfortably covers its interest (12.2x coverage)
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.2
CONS
- Recent results are weak - TTM profit is down 56.8% versus prior year
- A large part of profit comes from other income (40.3% of PBT)
- Company has a low return on capital employed of 11.5%
- Effective tax rate is unusually low at 5.8% - earnings may be flattered
- Recurring exceptional / one-off items are inflating headline profit
- Operating margins have contracted to 2.2% from 5.4%
* 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 586 | 309 | 420 | 764 | 452 | 995 | 910 | 450 | 1,240 | 1,030 | 717 | 883 | 942 | |
| 573 | 301 | 410 | 749 | 427 | 977 | 896 | 439 | 1,196 | 1,005 | 703 | 873 | 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 | 21 | 10 | 42 | 29 | 12 | 13 | 20 | |
| Tax % | 0.00% | 0.00% | 0.00% | -145.35% | -28.89% | -0.15% | -18.81% | -124.85% | -8.71% | 23.41% | 59.24% | -37.12% | 25.37% |
| Net Profit | 27 | 21 | 17 | 33 | 30 | 20 | 25 | 23 | 46 | 22 | 5 | 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
- 17
- 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
- 33
- 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
- 995
- 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
- 21
- Tax %
- -18.81%
- Net Profit
- 25
- 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 %
- -124.85%
- 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
- 1,196
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 4
- 42
- Tax %
- -8.71%
- 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
- 29
- Tax %
- 23.41%
- 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
- 703
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 4
- 12
- Tax %
- 59.24%
- Net Profit
- 5
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 883
- 873
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 2
- Depreciation
- 4
- 13
- Tax %
- -37.12%
- Net Profit
- 18
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 942
- 931
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 4
- 20
- Tax %
- 25.37%
- Net Profit
- 15
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,239 | 1,168 | 1,024 | 1,005 | 602 | 999 | 1,371 | 2,078 | 2,807 | 3,870 | 3,573 | |
| 1,224 | 1,177 | 1,085 | 1,012 | 649 | 991 | 1,343 | 2,035 | 2,740 | 3,785 | 3,511 | |
| Operating Profit | 63 | 25 | -30 | 50 | -11 | 77 | 74 | 109 | 107 | 125 | — |
| OPM % | 5 | 2 | -3 | 5 | -2 | 8 | 5 | 5 | 4 | 3 | — |
| Other Income | 48 | 35 | 31 | 57 | 36 | 69 | 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 | 75 | 97 | 74 | |
| Tax % | 914 | 0 | 0 | -3 | -3 | 9 | 7 | -25 | -32 | 6 | 19 |
| Net Profit | 4 | -42 | -180 | -14 | -94 | 29 | 37 | 99 | 98 | 91 | 60 |
| EPS | 3 | -30 | -129 | -10 | -67 | 4 | 5 | 14 | 14 | 13 | — |
| Dividend Payout % | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 20 | — |
| 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 | 1 | -6 | -26 | -2 | -13 | 4 | 5 | 14 | 14 | 13 | — |
| 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 | 1 | -6 | -26 | -2 | -13 | 4 | 5 | 14 | 14 | 13 | — |
Mar 2017
- 1,239
- 1,224
- 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
- 1,005
- 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
- 602
- 649
- Operating Profit
- -11
- OPM %
- -2
- Other Income
- 36
- Interest
- 22
- Depreciation
- 17
- -91
- Tax %
- -3
- Net Profit
- -94
- EPS
- -67
- 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
- 999
- 991
- Operating Profit
- 77
- OPM %
- 8
- Other Income
- 69
- 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
- 1,371
- 1,343
- 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
- 2,078
- 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
- 107
- OPM %
- 4
- Other Income
- 39
- Interest
- 11
- Depreciation
- 15
- 75
- 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
- 3,870
- 3,785
- Operating Profit
- 125
- OPM %
- 3
- Other Income
- 39
- Interest
- 9
- Depreciation
- 17
- 97
- Tax %
- 6
- Net Profit
- 91
- EPS
- 13
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 3,573
- 3,511
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 9
- Depreciation
- 17
- 74
- Tax %
- 19
- Net Profit
- 60
- 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
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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| 576 | 784 | 493 | 270 | 452 | 671 | 598 | 799 | 725 | 757 | |
| 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 | 259 | 242 | 248 | 304 | 244 | 308 | |
| Total Liabilities | 1,329 | 1,517 | 1,131 | 934 | 1,062 | 1,342 | 1,298 | 1,920 | 1,459 | 1,814 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 315 | 295 | 136 | 136 | 112 | 94 | 92 | 84 | 82 | 83 | |
| Capital Work in Progress | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| 284 | 502 | 374 | 169 | 445 | 634 | 523 | 632 | 444 | 391 | |
| 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 | 90 | 73 | 268 | 162 | 258 |
| 539 | 514 | 497 | 488 | 423 | 452 | 504 | 219 | 193 | 256 | |
| Total Assets | 1,329 | 1,517 | 1,131 | 934 | 1,062 | 1,342 | 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 | -54 | -5 | 15 | 106 | 164 | 231 |
| Contingent Liabilities | 111 | 99 | 105 | 98 | 94 | 94 | 95 | 95 | 98 | 62 |
| Book Value per Share | 423.74 | 573.76 | 364.07 | 204.02 | 334.46 | 486.96 | 86.70 | 113.74 | 102.77 | 106.86 |
| 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 | -54 | -5 | 15 | 106 | 164 | 231 |
| Contingent Liabilities | 111 | 99 | 105 | 98 | 94 | 94 | 95 | 95 | 98 | 62 |
| Book Value per Share | 423.74 | 573.76 | 364.07 | 204.02 | 334.46 | 486.96 | 86.70 | 113.74 | 102.77 | 106.86 |
| 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
- 423.74
- Face Value
- 10.00
- Total Debt
- 250
- Net Working Capital
- 77
- Contingent Liabilities
- 111
- Book Value per Share
- 423.74
- 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
- 514
- Total Assets
- 1,517
- Total Debt
- 234
- Net Working Capital
- 44
- Contingent Liabilities
- 99
- Book Value per Share
- 573.76
- Face Value
- 10.00
- Total Debt
- 234
- Net Working Capital
- 44
- Contingent Liabilities
- 99
- Book Value per Share
- 573.76
- 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
- 364.07
- Face Value
- 10.00
- Total Debt
- 207
- Net Working Capital
- -54
- Contingent Liabilities
- 105
- Book Value per Share
- 364.07
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 14
- 270
- 87
- Trade Payables
- 314
- 249
- Total Liabilities
- 934
- 136
- Capital Work in Progress
- 0
- 169
- 106
- 0
- Cash & Bank
- 36
- 488
- Total Assets
- 934
- Total Debt
- 150
- Net Working Capital
- 7
- Contingent Liabilities
- 98
- Book Value per Share
- 204.02
- Face Value
- 10.00
- Total Debt
- 150
- Net Working Capital
- 7
- Contingent Liabilities
- 98
- Book Value per Share
- 204.02
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 14
- 452
- 88
- Trade Payables
- 249
- 259
- Total Liabilities
- 1,062
- 112
- Capital Work in Progress
- 0
- 445
- 24
- 0
- Cash & Bank
- 58
- 423
- Total Assets
- 1,062
- Total Debt
- 148
- Net Working Capital
- -54
- Contingent Liabilities
- 94
- Book Value per Share
- 334.46
- Face Value
- 10.00
- Total Debt
- 148
- Net Working Capital
- -54
- Contingent Liabilities
- 94
- Book Value per Share
- 334.46
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 14
- 671
- 68
- Trade Payables
- 347
- 242
- Total Liabilities
- 1,342
- 94
- Capital Work in Progress
- 0
- 634
- 72
- 0
- Cash & Bank
- 90
- 452
- Total Assets
- 1,342
- Total Debt
- 112
- Net Working Capital
- -5
- Contingent Liabilities
- 94
- Book Value per Share
- 486.96
- Face Value
- 10.00
- Total Debt
- 112
- Net Working Capital
- -5
- Contingent Liabilities
- 94
- Book Value per Share
- 486.96
- 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
- 15
- Contingent Liabilities
- 95
- Book Value per Share
- 86.70
- Face Value
- 2.00
- Total Debt
- 94
- Net Working Capital
- 15
- Contingent Liabilities
- 95
- Book Value per Share
- 86.70
- 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
- 632
- 80
- 638
- Cash & Bank
- 268
- 219
- Total Assets
- 1,920
- Total Debt
- 82
- Net Working Capital
- 106
- Contingent Liabilities
- 95
- Book Value per Share
- 113.74
- Face Value
- 2.00
- Total Debt
- 82
- Net Working Capital
- 106
- Contingent Liabilities
- 95
- Book Value per Share
- 113.74
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 14
- 725
- 33
- Trade Payables
- 443
- 244
- Total Liabilities
- 1,459
- 82
- Capital Work in Progress
- 0
- 444
- 97
- 479
- Cash & Bank
- 162
- 193
- Total Assets
- 1,459
- Total Debt
- 68
- Net Working Capital
- 164
- Contingent Liabilities
- 98
- Book Value per Share
- 102.77
- Face Value
- 2.00
- Total Debt
- 68
- Net Working Capital
- 164
- Contingent Liabilities
- 98
- Book Value per Share
- 102.77
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 14
- 757
- 21
- Trade Payables
- 714
- 308
- Total Liabilities
- 1,814
- 83
- Capital Work in Progress
- 10
- 391
- 106
- 710
- Cash & Bank
- 258
- 256
- Total Assets
- 1,814
- Total Debt
- 61
- Net Working Capital
- 231
- Contingent Liabilities
- 62
- Book Value per Share
- 106.86
- Face Value
- 2.00
- Total Debt
- 61
- Net Working Capital
- 231
- Contingent Liabilities
- 62
- Book Value per Share
- 106.86
- Face Value
- 2.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 12 | 8 | 24 | 7 | 10 | -6 | 159 | -84 | 141 | |
| Cash from Investing | -73 | 49 | 40 | 84 | 30 | 61 | 36 | -2 | -17 | -35 |
| Cash from Financing | -11 | -52 | -57 | -91 | -29 | -53 | -34 | -23 | -31 | -33 |
| 4 | 9 | -9 | 17 | 8 | 18 | -4 | 133 | -131 | 73 | |
| Free Cash Flow | 88 | -6 | 8 | 8 | 7 | 10 | -18 | 154 | -93 | 116 |
| OCF / Net Profit | 21.32 | -0.30 | -0.04 | -1.76 | -0.07 | 0.33 | -0.17 | 1.61 | -0.85 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 105 | 26 | 15 | 161 | 59 | 168 |
| OCF / Net Profit | 21.32 | -0.30 | -0.04 | -1.76 | -0.07 | 0.33 | -0.17 | 1.61 | -0.85 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 105 | 26 | 15 | 161 | 59 | 168 |
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
- 30
- Cash from Financing
- -29
- 8
- Free Cash Flow
- 7
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 105
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 105
Mar 2022
- 10
- Cash from Investing
- 61
- Cash from Financing
- -53
- 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
- -6
- Cash from Investing
- 36
- Cash from Financing
- -34
- -4
- Free Cash Flow
- -18
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 15
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 15
Mar 2024
- 159
- Cash from Investing
- -2
- Cash from Financing
- -23
- 133
- Free Cash Flow
- 154
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 161
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 161
Mar 2025
- -84
- Cash from Investing
- -17
- Cash from Financing
- -31
- -131
- Free Cash Flow
- -93
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 59
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 59
Mar 2026
- 141
- Cash from Investing
- -35
- Cash from Financing
- -33
- 73
- Free Cash Flow
- 116
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 168
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 168
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 (₹) | 2.96 | -30.03 | -129.43 | -9.85 | -67.33 | 20.82 | 5.31 | 13.81 | 13.65 | 12.62 |
| Book Value (₹) | 423.74 | 573.76 | 364.07 | 204.02 | 334.46 | 486.96 | 86.70 | 113.74 | 102.77 | 106.86 |
| 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 | -11.02 | 6.39 | 7.48 | 15.91 | 15.74 | 14.93 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 5.10% | 2.16% | -2.96% | 4.96% | -1.85% | 7.64% | 5.36% | 2.10% | 2.41% | 2.22% |
| Net Margin % | 0.33% | -3.58% | -17.59% | -1.36% | -15.57% | 2.92% | 2.72% | 4.73% | 3.49% | 2.35% |
| ROE % | 0.85% | -6.02% | -27.60% | -3.47% | -25.02% | 5.09% | 5.78% | 13.86% | 12.65% | 12.06% |
| ROCE % | 3.62% | -1.16% | -17.17% | 3.15% | -13.16% | 7.20% | 7.70% | 11.77% | 10.02% | 12.82% |
| 0.34% | -2.94% | -13.60% | -1.33% | -9.39% | 2.44% | 2.84% | 6.14% | 5.81% | 5.57% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 88 | 90 | 86 | 82 | 143 | 86 | 72 | 81 | 73 | 56 |
| Inventory Days | 48 | 52 | 48 | 38 | 40 | 18 | 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 | 5 | |
| 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 | -3.12x | 2.73x | 3.27x | 6.15x | 7.80x | 12.18x |
| 1.16x | 1.09x | 0.88x | 1.02x | 0.87x | 0.99x | 1.03x | 1.11x | 1.27x | 1.25x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -6.37% | -5.75% | -12.33% | -1.79% | -40.10% | 65.96% | 37.13% | 51.65% | 35.07% | 37.87% |
| Operating Profit Growth % | 3.16% | -60.01% | -220.06% | 264.47% | -122.32% | 789.32% | -3.63% | 48.03% | -2.61% | 17.20% |
| Net Profit Growth % | -75.92% | -1113.05% | -331.02% | 92.39% | -583.94% | 131.24% | 27.96% | 163.47% | -0.62% | -7.20% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 160.16% | -1.17% | -7.53% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.21x | 8.88x | 8.57x |
| 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 | 7.30x | 4.67x |
Mar 2017
- EPS (₹)
- 2.96
- Book Value (₹)
- 423.74
- 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 %
- -6.37%
- 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 (₹)
- 573.76
- 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 %
- -5.75%
- 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 (₹)
- 364.07
- 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 %
- -12.33%
- 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 (₹)
- 204.02
- 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 (₹)
- -67.33
- Book Value (₹)
- 334.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -11.02
- Operating Margin %
- -1.85%
- Net Margin %
- -15.57%
- ROE %
- -25.02%
- ROCE %
- -13.16%
- -9.39%
- Debtor Days
- 143
- Inventory Days
- 40
- Payable Days
- 195
- -12
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- -3.12x
- 0.87x
- Revenue Growth %
- -40.10%
- Operating Profit Growth %
- -122.32%
- Net Profit Growth %
- -583.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 20.82
- Book Value (₹)
- 486.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.39
- Operating Margin %
- 7.64%
- Net Margin %
- 2.92%
- ROE %
- 5.09%
- ROCE %
- 7.20%
- 2.44%
- Debtor Days
- 86
- Inventory Days
- 18
- Payable Days
- 137
- -34
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 2.73x
- 0.99x
- Revenue Growth %
- 65.96%
- Operating Profit Growth %
- 789.32%
- Net Profit Growth %
- 131.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.31
- Book Value (₹)
- 86.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.48
- Operating Margin %
- 5.36%
- Net Margin %
- 2.72%
- ROE %
- 5.78%
- ROCE %
- 7.70%
- 2.84%
- Debtor Days
- 72
- Inventory Days
- 24
- Payable Days
- 122
- -27
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 3.27x
- 1.03x
- Revenue Growth %
- 37.13%
- Operating Profit Growth %
- -3.63%
- Net Profit Growth %
- 27.96%
- 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 (₹)
- 113.74
- 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 %
- 51.65%
- Operating Profit Growth %
- 48.03%
- Net Profit Growth %
- 163.47%
- 160.16%
- P/E (x)
- 8.21x
- P/B (x)
- 1.00x
- Dividend Yield %
- 0.00%
- 5.71x
Mar 2025
- EPS (₹)
- 13.65
- Book Value (₹)
- 102.77
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 15.74
- Operating Margin %
- 2.41%
- Net Margin %
- 3.49%
- ROE %
- 12.65%
- ROCE %
- 10.02%
- 5.81%
- Debtor Days
- 73
- Inventory Days
- 12
- Payable Days
- 91
- -7
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 7.80x
- 1.27x
- Revenue Growth %
- 35.07%
- Operating Profit Growth %
- -2.61%
- Net Profit Growth %
- -0.62%
- -1.17%
- P/E (x)
- 8.88x
- P/B (x)
- 1.18x
- Dividend Yield %
- 1.65%
- 7.30x
Mar 2026
- EPS (₹)
- 12.62
- Book Value (₹)
- 106.86
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 14.93
- Operating Margin %
- 2.22%
- Net Margin %
- 2.35%
- ROE %
- 12.06%
- ROCE %
- 12.82%
- 5.57%
- Debtor Days
- 56
- Inventory Days
- 10
- Payable Days
- 61
- 5
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 12.18x
- 1.25x
- Revenue Growth %
- 37.87%
- Operating Profit Growth %
- 17.20%
- Net Profit Growth %
- -7.20%
- -7.53%
- P/E (x)
- 8.57x
- P/B (x)
- 1.01x
- Dividend Yield %
- 2.31%
- 4.67x
Documents
Announcements
Nothing filed yet.
Annual Reports
Credit Ratings
Nothing filed yet.