Manav Infra Projects Ltd.

•

₹ 29.84.93%

2026-08-21

manavinfra.comBSE: -NSE: MANAV

Market Cap₹ 37 Cr.

Current Price₹ 28

High / Low₹ 47 / 14

Stock P/E0.0

Book Value₹ 6

Price to Book4.34

Dividend Yield0.00 %

ROCE33.2 %

ROE39.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 48.8%
Company has a healthy return on capital (ROCE) of 37.9%
Company has delivered good sales growth of 52.4% CAGR over last 5 years
Working capital cycle has improved - days down from 102 to 53
Company comfortably covers its interest (6.1x coverage)
Company maintains a comfortable, low leverage position

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)
Equity base is being diluted - shares outstanding up 92.5%
Operating margins have contracted to 16.0% from 24.4%
Effective tax rate is unusually low at 12.9% - earnings may be flattered
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

ConstructionInfrastructureEngineering - Construction

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.	LT	4030.10	33.42	554487.79	0.94	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	223.10	51.71	46516.80	0.32	1595.20	1087.26	43212.30	1005.52	10.81	4.41
3.	KPIL	1377.05	20.69	23516.23	0.80	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	18.97	24.01	22911.97	0.69	3062.70	1412.58	21372.72	918.25	24.76	53.93
5.	CEMPRO	1263.50	36.08	21705.36	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	236.95	16.98	13317.59	2.11	157.94	141.49	819.84	-5.80	25.84	20.61
7.	TECHNOE	997.70	26.92	11603.21	0.70	93.33	-31.44	630.34	19.84	16.54	15.79
8.	IRCON	122.60	22.02	11530.72	1.55	92.03	-43.92	1955.83	9.49	12.69	9.81
9.	KEC	423.05	20.34	11261.59	1.30	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	277.95	70.65	10222.57	0.72	30.30	-77.95	2671.00	-20.75	12.88	9.42
11.	WAAREERTL	880.80	18.09	9193.72	0.00	118.98	37.72	924.25	53.23	81.92	18.77
12.	MANAV	28.20	0.00	37.11	0.00	—	—	—	—	33.23	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

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
	18	21	16	9	5	5	12	14	24	42
	16	18	12	12	9	7	9	11	19	35
Operating Profit	2	3	4	-3	-4	-2	3	3	5	7
OPM %	13	17	23	-30	-76	-35	24	23	22	17
Other Income	0	0	0	0	0	0	0	0	0	0
Interest	1	1	1	1	1	1	1	1	2	1
Depreciation	1	1	2	2	2	1	1	1	1	1
	1	1	0	-6	-7	-4	1	2	3	5
Tax %	-30	-1	-15	4	3	2	21	27	-4	13
Net Profit	1	1	0	-6	-7	-4	1	1	3	4
EPS	0	0	0	-9	-1	-6	1	2	2	3
Dividend Payout %	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	2	1	-9	-10	-6	1	2	2	3
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	2	1	-9	-10	-6	1	2	2	3

Mar 2017

: 18
: 16
Operating Profit: 2
OPM %: 13
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: -30
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2018

: 21
: 18
Operating Profit: 3
OPM %: 17
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: -1
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2019

: 16
: 12
Operating Profit: 4
OPM %: 23
Other Income: 0
Interest: 1
Depreciation: 2
: 0
Tax %: -15
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2020

: 9
: 12
Operating Profit: -3
OPM %: -30
Other Income: 0
Interest: 1
Depreciation: 2
: -6
Tax %: 4
Net Profit: -6
EPS: -9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -9

Mar 2021

: 5
: 9
Operating Profit: -4
OPM %: -76
Other Income: 0
Interest: 1
Depreciation: 2
: -7
Tax %: 3
Net Profit: -7
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -10

Mar 2022

: 5
: 7
Operating Profit: -2
OPM %: -35
Other Income: 0
Interest: 1
Depreciation: 1
: -4
Tax %: 2
Net Profit: -4
EPS: -6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -6

Mar 2023

: 12
: 9
Operating Profit: 3
OPM %: 24
Other Income: 0
Interest: 1
Depreciation: 1
: 1
Tax %: 21
Net Profit: 1
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

: 14
: 11
Operating Profit: 3
OPM %: 23
Other Income: 0
Interest: 1
Depreciation: 1
: 2
Tax %: 27
Net Profit: 1
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 24
: 19
Operating Profit: 5
OPM %: 22
Other Income: 0
Interest: 2
Depreciation: 1
: 3
Tax %: -4
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2026

: 42
: 35
Operating Profit: 7
OPM %: 17
Other Income: 0
Interest: 1
Depreciation: 1
: 5
Tax %: 13
Net Profit: 4
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 52%
3 Years:: 52%

COMPOUNDED PROFIT GROWTH

10 Years:: 21%
5 Years:: —
3 Years:: 89%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 35%
3 Years:: 20%
1 Year:: 43%

RETURN ON EQUITY

10 Years:: -6%
5 Years:: 29%
3 Years:: 49%
Last Year:: 40%

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	2	7	7	7	7	7	7	7	13	13
	4	6	6	0	-7	-11	-10	-9	-5	-1
	2	3	11	12	11	7	7	2	1	0
Trade Payables	3	2	2	2	1	1	1	2	5	4
	1	3	-0	-0	-1	4	3	8	6	6
Total Liabilities	12	21	26	20	13	8	8	9	20	23
ASSETS	-	-	-	-	-	-	-	-	-	-
	2	4	7	6	4	2	2	2	3	7
	0	0	0	0	0	0	0	0	0	1
	2	4	5	4	2	0	0	0	0	0
	0	0	0	0	0	0	0	5	6	11
Cash & Bank	0	0	0	0	0	0	0	0	7	0
	7	13	15	10	6	6	6	3	3	4
Total Assets	12	21	26	20	13	8	8	9	20	23
Total Debt	4	7	11	12	11	12	10	9	7	6
Net Working Capital	3	10	10	5	-1	-4	-5	-2	7	6
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	29.23	18.46	19.10	10.08	0.44	-5.60	-4.72	-3.03	6.16	9.22
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	4	7	11	12	11	12	10	9	7	6
Net Working Capital	3	10	10	5	-1	-4	-5	-2	7	6
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	29.23	18.46	19.10	10.08	0.44	-5.60	-4.72	-3.03	6.16	9.22
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 2
: 4
: 2
Trade Payables: 3
: 1
Total Liabilities: 12
: 2
: 0
: 2
: 0
Cash & Bank: 0
: 7
Total Assets: 12
Total Debt: 4
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 29.23
Face Value: 10.00
Total Debt: 4
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 29.23
Face Value: 10.00

Mar 2018

Equity Capital: 7
: 6
: 3
Trade Payables: 2
: 3
Total Liabilities: 21
: 4
: 0
: 4
: 0
Cash & Bank: 0
: 13
Total Assets: 21
Total Debt: 7
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 18.46
Face Value: 10.00
Total Debt: 7
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 18.46
Face Value: 10.00

Mar 2019

Equity Capital: 7
: 6
: 11
Trade Payables: 2
: -0
Total Liabilities: 26
: 7
: 0
: 5
: 0
Cash & Bank: 0
: 15
Total Assets: 26
Total Debt: 11
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 19.10
Face Value: 10.00
Total Debt: 11
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 19.10
Face Value: 10.00

Mar 2020

Equity Capital: 7
: 0
: 12
Trade Payables: 2
: -0
Total Liabilities: 20
: 6
: 0
: 4
: 0
Cash & Bank: 0
: 10
Total Assets: 20
Total Debt: 12
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 10.08
Face Value: 10.00
Total Debt: 12
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 10.08
Face Value: 10.00

Mar 2021

Equity Capital: 7
: -7
: 11
Trade Payables: 1
: -1
Total Liabilities: 13
: 4
: 0
: 2
: 0
Cash & Bank: 0
: 6
Total Assets: 13
Total Debt: 11
Net Working Capital: -1
Contingent Liabilities: 0
Book Value per Share: 0.44
Face Value: 10.00
Total Debt: 11
Net Working Capital: -1
Contingent Liabilities: 0
Book Value per Share: 0.44
Face Value: 10.00

Mar 2022

Equity Capital: 7
: -11
: 7
Trade Payables: 1
: 4
Total Liabilities: 8
: 2
: 0
: 0
: 0
Cash & Bank: 0
: 6
Total Assets: 8
Total Debt: 12
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: -5.60
Face Value: 10.00
Total Debt: 12
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: -5.60
Face Value: 10.00

Mar 2023

Equity Capital: 7
: -10
: 7
Trade Payables: 1
: 3
Total Liabilities: 8
: 2
: 0
: 0
: 0
Cash & Bank: 0
: 6
Total Assets: 8
Total Debt: 10
Net Working Capital: -5
Contingent Liabilities: 0
Book Value per Share: -4.72
Face Value: 10.00
Total Debt: 10
Net Working Capital: -5
Contingent Liabilities: 0
Book Value per Share: -4.72
Face Value: 10.00

Mar 2024

Equity Capital: 7
: -9
: 2
Trade Payables: 2
: 8
Total Liabilities: 9
: 2
: 0
: 0
: 5
Cash & Bank: 0
: 3
Total Assets: 9
Total Debt: 9
Net Working Capital: -2
Contingent Liabilities: 0
Book Value per Share: -3.03
Face Value: 10.00
Total Debt: 9
Net Working Capital: -2
Contingent Liabilities: 0
Book Value per Share: -3.03
Face Value: 10.00

Mar 2025

Equity Capital: 13
: -5
: 1
Trade Payables: 5
: 6
Total Liabilities: 20
: 3
: 0
: 0
: 6
Cash & Bank: 7
: 3
Total Assets: 20
Total Debt: 7
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 6.16
Face Value: 10.00
Total Debt: 7
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 6.16
Face Value: 10.00

Mar 2026

Equity Capital: 13
: -1
: 0
Trade Payables: 4
: 6
Total Liabilities: 23
: 7
: 1
: 0
: 11
Cash & Bank: 0
: 4
Total Assets: 23
Total Debt: 6
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 9.22
Face Value: 10.00
Total Debt: 6
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 9.22
Face Value: 10.00

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
	-0	-3	4	2	1	1	3	0	3	1
Cash from Investing	-2	-3	-6	-1	2	1	0	-1	-2	-6
Cash from Financing	-1	6	2	-1	-2	-2	-3	0	7	-2
	-4	-0	-0	-0	0	-0	-0	0	7	-7
Free Cash Flow	-6	-3	1	2	1	1	3	-0	0	-3
OCF / Net Profit	-0.48	-2.70	8.98	-0.30	-0.16	-0.27	5.62	0.31	0.82	0.29
Cumulative 5-Year FCF	0	0	0	0	-6	2	9	7	6	1
OCF / Net Profit	-0.48	-2.70	8.98	-0.30	-0.16	-0.27	5.62	0.31	0.82	0.29
Cumulative 5-Year FCF	0	0	0	0	-6	2	9	7	6	1

Mar 2017

: -0
Cash from Investing: -2
Cash from Financing: -1
: -4
Free Cash Flow: -6
OCF / Net Profit: -0.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.48
Cumulative 5-Year FCF: 0

Mar 2018

: -3
Cash from Investing: -3
Cash from Financing: 6
: -0
Free Cash Flow: -3
OCF / Net Profit: -2.70
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.70
Cumulative 5-Year FCF: 0

Mar 2019

: 4
Cash from Investing: -6
Cash from Financing: 2
: -0
Free Cash Flow: 1
OCF / Net Profit: 8.98
Cumulative 5-Year FCF: 0
OCF / Net Profit: 8.98
Cumulative 5-Year FCF: 0

Mar 2020

: 2
Cash from Investing: -1
Cash from Financing: -1
: -0
Free Cash Flow: 2
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 0

Mar 2021

: 1
Cash from Investing: 2
Cash from Financing: -2
: 0
Free Cash Flow: 1
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: -6
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: -6

Mar 2022

: 1
Cash from Investing: 1
Cash from Financing: -2
: -0
Free Cash Flow: 1
OCF / Net Profit: -0.27
Cumulative 5-Year FCF: 2
OCF / Net Profit: -0.27
Cumulative 5-Year FCF: 2

Mar 2023

: 3
Cash from Investing: 0
Cash from Financing: -3
: -0
Free Cash Flow: 3
OCF / Net Profit: 5.62
Cumulative 5-Year FCF: 9
OCF / Net Profit: 5.62
Cumulative 5-Year FCF: 9

Mar 2024

: 0
Cash from Investing: -1
Cash from Financing: 0
: 0
Free Cash Flow: -0
OCF / Net Profit: 0.31
Cumulative 5-Year FCF: 7
OCF / Net Profit: 0.31
Cumulative 5-Year FCF: 7

Mar 2025

: 3
Cash from Investing: -2
Cash from Financing: 7
: 7
Free Cash Flow: 0
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 6
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 6

Mar 2026

: 1
Cash from Investing: -6
Cash from Financing: -2
: -7
Free Cash Flow: -3
OCF / Net Profit: 0.29
Cumulative 5-Year FCF: 1
OCF / Net Profit: 0.29
Cumulative 5-Year FCF: 1

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 (₹)	5.16	1.85	0.64	-8.64	-9.64	-6.04	0.88	1.69	2.45	3.06
Book Value (₹)	29.23	18.46	19.10	10.08	0.44	-5.60	-4.72	-3.03	6.16	9.22
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 (₹)	3.20	3.37	3.27	-5.49	-7.32	-4.47	1.91	2.43	3.08	4.14
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	13.26%	16.70%	22.99%	-29.92%	-75.92%	-35.43%	24.44%	22.50%	21.69%	16.03%
Net Margin %	5.71%	6.07%	2.80%	-68.34%	-130.48%	-76.54%	5.01%	8.08%	13.14%	9.69%
ROE %	19.35%	13.73%	3.39%	-59.19%	-183.22%	0.00%	0.00%	0.00%	106.69%	39.79%
ROCE %	20.76%	17.07%	8.13%	-22.12%	-35.98%	-30.14%	30.01%	39.77%	40.82%	33.23%
	8.12%	7.65%	1.84%	-25.72%	-40.88%	-39.29%	7.35%	13.42%	22.06%	18.97%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	107	126	234	362	358	241	107	102	79	74
Inventory Days	39	52	101	187	237	0	0	0	0	0
Payable Days	244	146	-2159	281	275	189	334	620	840	850
	-99	33	2494	269	320	53	-227	-518	-761	-776
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.62x	0.52x	0.86x	1.68x	37.63x	-3.13x	-3.04x	-4.53x	0.90x	0.47x
Interest Coverage (x)	1.77x	2.05x	1.27x	-3.36x	-4.05x	-2.41x	1.52x	2.32x	3.03x	6.13x
	1.58x	2.60x	2.23x	1.66x	0.93x	0.57x	0.51x	0.74x	1.88x	1.80x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	9.95%	15.47%	-25.57%	-44.39%	-41.53%	6.75%	121.57%	19.79%	71.18%	69.64%
Operating Profit Growth %	25.77%	45.42%	2.46%	-172.37%	-48.39%	50.19%	252.83%	11.87%	67.29%	27.18%
Net Profit Growth %	69.52%	22.92%	-65.69%	-1457.10%	-11.64%	37.38%	114.50%	93.23%	178.39%	25.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	93.23%	44.61%	25.07%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.43x	4.29x	13.08x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-6.38x	1.71x	4.34x
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	7.55x	2.59x	8.38x

Mar 2017

EPS (₹): 5.16
Book Value (₹): 29.23
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.20
Operating Margin %: 13.26%
Net Margin %: 5.71%
ROE %: 19.35%
ROCE %: 20.76%
: 8.12%
Debtor Days: 107
Inventory Days: 39
Payable Days: 244
: -99
Debt to Equity (x): 0.62x
Interest Coverage (x): 1.77x
: 1.58x
Revenue Growth %: 9.95%
Operating Profit Growth %: 25.77%
Net Profit Growth %: 69.52%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 1.85
Book Value (₹): 18.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.37
Operating Margin %: 16.70%
Net Margin %: 6.07%
ROE %: 13.73%
ROCE %: 17.07%
: 7.65%
Debtor Days: 126
Inventory Days: 52
Payable Days: 146
: 33
Debt to Equity (x): 0.52x
Interest Coverage (x): 2.05x
: 2.60x
Revenue Growth %: 15.47%
Operating Profit Growth %: 45.42%
Net Profit Growth %: 22.92%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 0.64
Book Value (₹): 19.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.27
Operating Margin %: 22.99%
Net Margin %: 2.80%
ROE %: 3.39%
ROCE %: 8.13%
: 1.84%
Debtor Days: 234
Inventory Days: 101
Payable Days: -2159
: 2494
Debt to Equity (x): 0.86x
Interest Coverage (x): 1.27x
: 2.23x
Revenue Growth %: -25.57%
Operating Profit Growth %: 2.46%
Net Profit Growth %: -65.69%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -8.64
Book Value (₹): 10.08
Dividend per Share (₹): 0.00
Cash EPS (₹): -5.49
Operating Margin %: -29.92%
Net Margin %: -68.34%
ROE %: -59.19%
ROCE %: -22.12%
: -25.72%
Debtor Days: 362
Inventory Days: 187
Payable Days: 281
: 269
Debt to Equity (x): 1.68x
Interest Coverage (x): -3.36x
: 1.66x
Revenue Growth %: -44.39%
Operating Profit Growth %: -172.37%
Net Profit Growth %: -1457.10%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -9.64
Book Value (₹): 0.44
Dividend per Share (₹): 0.00
Cash EPS (₹): -7.32
Operating Margin %: -75.92%
Net Margin %: -130.48%
ROE %: -183.22%
ROCE %: -35.98%
: -40.88%
Debtor Days: 358
Inventory Days: 237
Payable Days: 275
: 320
Debt to Equity (x): 37.63x
Interest Coverage (x): -4.05x
: 0.93x
Revenue Growth %: -41.53%
Operating Profit Growth %: -48.39%
Net Profit Growth %: -11.64%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -6.04
Book Value (₹): -5.60
Dividend per Share (₹): 0.00
Cash EPS (₹): -4.47
Operating Margin %: -35.43%
Net Margin %: -76.54%
ROE %: 0.00%
ROCE %: -30.14%
: -39.29%
Debtor Days: 241
Inventory Days: 0
Payable Days: 189
: 53
Debt to Equity (x): -3.13x
Interest Coverage (x): -2.41x
: 0.57x
Revenue Growth %: 6.75%
Operating Profit Growth %: 50.19%
Net Profit Growth %: 37.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 0.88
Book Value (₹): -4.72
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.91
Operating Margin %: 24.44%
Net Margin %: 5.01%
ROE %: 0.00%
ROCE %: 30.01%
: 7.35%
Debtor Days: 107
Inventory Days: 0
Payable Days: 334
: -227
Debt to Equity (x): -3.04x
Interest Coverage (x): 1.52x
: 0.51x
Revenue Growth %: 121.57%
Operating Profit Growth %: 252.83%
Net Profit Growth %: 114.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.69
Book Value (₹): -3.03
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.43
Operating Margin %: 22.50%
Net Margin %: 8.08%
ROE %: 0.00%
ROCE %: 39.77%
: 13.42%
Debtor Days: 102
Inventory Days: 0
Payable Days: 620
: -518
Debt to Equity (x): -4.53x
Interest Coverage (x): 2.32x
: 0.74x
Revenue Growth %: 19.79%
Operating Profit Growth %: 11.87%
Net Profit Growth %: 93.23%
: 93.23%
P/E (x): 11.43x
P/B (x): -6.38x
Dividend Yield %: 0.00%
: 7.55x

Mar 2025

EPS (₹): 2.45
Book Value (₹): 6.16
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.08
Operating Margin %: 21.69%
Net Margin %: 13.14%
ROE %: 106.69%
ROCE %: 40.82%
: 22.06%
Debtor Days: 79
Inventory Days: 0
Payable Days: 840
: -761
Debt to Equity (x): 0.90x
Interest Coverage (x): 3.03x
: 1.88x
Revenue Growth %: 71.18%
Operating Profit Growth %: 67.29%
Net Profit Growth %: 178.39%
: 44.61%
P/E (x): 4.29x
P/B (x): 1.71x
Dividend Yield %: 0.00%
: 2.59x

Mar 2026

EPS (₹): 3.06
Book Value (₹): 9.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.14
Operating Margin %: 16.03%
Net Margin %: 9.69%
ROE %: 39.79%
ROCE %: 33.23%
: 18.97%
Debtor Days: 74
Inventory Days: 0
Payable Days: 850
: -776
Debt to Equity (x): 0.47x
Interest Coverage (x): 6.13x
: 1.80x
Revenue Growth %: 69.64%
Operating Profit Growth %: 27.18%
Net Profit Growth %: 25.07%
: 25.07%
P/E (x): 13.08x
P/B (x): 4.34x
Dividend Yield %: 0.00%
: 8.38x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.13	73.13	73.13	73.13	73.13	68.84	68.84	68.84
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.87	26.87	26.87	26.87	26.87	31.16	31.16	31.16

Sep 2022

: 73.13
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.87

Mar 2023

: 73.13
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.87

Sep 2023

: 73.13
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.87

Mar 2024

: 73.13
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.87

Sep 2024

: 73.13
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.87

Mar 2025

: 68.84
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 31.16

Sep 2025

: 68.84
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 31.16

Mar 2026

: 68.84
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 31.16

Documents

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Annual Reports

Credit Ratings

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Concalls

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