Menon Pistons Ltd.
•₹ 70.6-1.58%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sale of Pistons: 54.2% • Sale of Pistons Assemblies: 26.3% • Sale of Pins: 12.4% • Sale of Rings: 4.8% • Other Sales: 2.2%
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.73x)
- Working capital cycle has improved - days down from 76 to 45
- Company generates healthy free cash flow
- Company comfortably covers its interest (7.9x coverage)
- Company has a consistent dividend-paying track record
CONS
- Operating margins have contracted to 12.8% from 18.8%
- Growth is decelerating - 3Y profit CAGR (-9.3%) trails the 5Y trend (14.6%)
* 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. | MOTHERSON | 169.50 | 40.85 | 178897.80 | 0.35 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| 2. | BOSCHLTD | 48580.00 | 60.63 | 143292.05 | 0.56 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| 3. | UNOMINDA | 1262.25 | 60.63 | 72890.80 | 0.21 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| 4. | TIINDIA | 2927.50 | 93.43 | 56668.30 | 0.12 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| 5. | SONACOMS | 823.35 | 73.81 | 51368.04 | 0.41 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| 6. | ENDURANCE | 3000.05 | 43.51 | 42199.56 | 0.38 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| 7. | ZFCVINDIA | 2620.95 | 59.75 | 29827.85 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| 8. | CRAFTSMAN | 10681.30 | 60.09 | 27936.33 | 0.11 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| 9. | MSUMI | 39.18 | 0.00 | 25982.85 | 1.48 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| 10. | GABRIEL | 1436.35 | 85.52 | 25456.43 | 0.35 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| 11. | SANSERA | 3893.25 | 69.73 | 24295.27 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 13.97 | 19.18 |
| 12. | MENNPIS | 71.62 | 14.02 | 365.26 | 1.40 | 8.23 | 5.99 | 83.26 | 3.70 | 21.41 | 17.30 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56 | 52 | 50 | 53 | 57 | 55 | 53 | 48 | 64 | 59 | 60 | 60 | 66 | |
| 47 | 44 | 42 | 45 | 47 | 46 | 45 | 42 | 55 | 51 | 53 | 54 | 60 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 7 | 7 | 8 | 9 | 8 | 6 | 6 | 4 | 7 | 6 | 6 | 5 | 7 | |
| Tax % | 25.18% | 25.11% | 25.12% | 9.73% | 25.23% | 25.20% | 25.17% | 34.41% | 26.28% | 27.85% | 31.24% | 16.20% | 25.47% |
| Net Profit | 5 | 5 | 6 | 8 | 6 | 5 | 4 | 3 | 5 | 5 | 4 | 4 | 5 |
| 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 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
- 56
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 7
- Tax %
- 25.18%
- Net Profit
- 5
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 52
- 44
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 7
- Tax %
- 25.11%
- Net Profit
- 5
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 50
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 2
- 8
- Tax %
- 25.12%
- Net Profit
- 6
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 53
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 2
- 9
- Tax %
- 9.73%
- Net Profit
- 8
- 2
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 57
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 8
- Tax %
- 25.23%
- Net Profit
- 6
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 55
- 46
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 25.20%
- Net Profit
- 5
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 53
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 25.17%
- Net Profit
- 4
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 48
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 4
- Tax %
- 34.41%
- Net Profit
- 3
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 64
- 55
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 7
- Tax %
- 26.28%
- Net Profit
- 5
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 59
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 27.85%
- Net Profit
- 5
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 60
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 31.24%
- Net Profit
- 4
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 60
- 54
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 5
- Tax %
- 16.20%
- Net Profit
- 4
- 1
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 66
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 7
- Tax %
- 25.47%
- Net Profit
- 5
- 0
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 133 | 146 | 156 | 118 | 137 | 201 | 208 | 211 | 212 | 244 | 246 | |
| 118 | 130 | 137 | 107 | 120 | 170 | 176 | 177 | 180 | 213 | 218 | |
| Operating Profit | 17 | 17 | 19 | 11 | 18 | 32 | 39 | 41 | 35 | 35 | — |
| OPM % | 13 | 12 | 12 | 9 | 13 | 16 | 19 | 19 | 16 | 14 | — |
| Other Income | 2 | 1 | 1 | 0 | 1 | 1 | 7 | 7 | 3 | 4 | 4 |
| Interest | 2 | 1 | 0 | 0 | 0 | 1 | 3 | 4 | 4 | 3 | 3 |
| Depreciation | 4 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 8 |
| 11 | 12 | 14 | 6 | 12 | 24 | 30 | 31 | 24 | 24 | 24 | |
| Tax % | 32 | 41 | 28 | 21 | 26 | 26 | 22 | 21 | 27 | 26 | 26 |
| Net Profit | 7 | 7 | 10 | 4 | 9 | 18 | 24 | 24 | 17 | 18 | 18 |
| EPS | 0 | 0 | 0 | 0 | 2 | 4 | 5 | 5 | 3 | 3 | — |
| Dividend Payout % | 34 | 44 | 38 | 52 | 57 | 21 | 22 | 21 | 29 | 29 | — |
| 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 | 1 | 2 | 1 | 2 | 4 | 5 | 5 | 3 | 3 | — |
| 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 | 1 | 2 | 1 | 2 | 4 | 5 | 5 | 3 | 3 | — |
Mar 2017
- 133
- 118
- Operating Profit
- 17
- OPM %
- 13
- Other Income
- 2
- Interest
- 2
- Depreciation
- 4
- 11
- Tax %
- 32
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 146
- 130
- Operating Profit
- 17
- OPM %
- 12
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 12
- Tax %
- 41
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 156
- 137
- Operating Profit
- 19
- OPM %
- 12
- Other Income
- 1
- Interest
- 0
- Depreciation
- 5
- 14
- Tax %
- 28
- Net Profit
- 10
- EPS
- 0
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 118
- 107
- Operating Profit
- 11
- OPM %
- 9
- Other Income
- 0
- Interest
- 0
- Depreciation
- 5
- 6
- Tax %
- 21
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 137
- 120
- Operating Profit
- 18
- OPM %
- 13
- Other Income
- 1
- Interest
- 0
- Depreciation
- 5
- 12
- Tax %
- 26
- Net Profit
- 9
- EPS
- 2
- Dividend Payout %
- 57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 201
- 170
- Operating Profit
- 32
- OPM %
- 16
- Other Income
- 1
- Interest
- 1
- Depreciation
- 6
- 24
- Tax %
- 26
- Net Profit
- 18
- EPS
- 4
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 208
- 176
- Operating Profit
- 39
- OPM %
- 19
- Other Income
- 7
- Interest
- 3
- Depreciation
- 6
- 30
- Tax %
- 22
- Net Profit
- 24
- EPS
- 5
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 211
- 177
- Operating Profit
- 41
- OPM %
- 19
- Other Income
- 7
- Interest
- 4
- Depreciation
- 6
- 31
- Tax %
- 21
- Net Profit
- 24
- EPS
- 5
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2025
- 212
- 180
- Operating Profit
- 35
- OPM %
- 16
- Other Income
- 3
- Interest
- 4
- Depreciation
- 7
- 24
- Tax %
- 27
- Net Profit
- 17
- EPS
- 3
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2026
- 244
- 213
- Operating Profit
- 35
- OPM %
- 14
- Other Income
- 4
- Interest
- 3
- Depreciation
- 8
- 24
- Tax %
- 26
- Net Profit
- 18
- EPS
- 3
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 246
- 218
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 8
- 24
- Tax %
- 26
- Net Profit
- 18
- 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:
- 6%
- 5 Years:
- 12%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- 15%
- 3 Years:
- -9%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 17%
- 3 Years:
- 14%
- 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 63 | 66 | 73 | 69 | 78 | 91 | 111 | 130 | 141 | 154 | |
| 14 | 8 | 2 | 4 | 11 | 1 | 6 | 15 | 4 | 2 | |
| Trade Payables | 12 | 10 | 11 | 7 | 17 | 19 | 13 | 18 | 21 | 27 |
| 9 | 10 | 11 | 7 | 11 | 36 | 29 | 23 | 24 | 16 | |
| Total Liabilities | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 | 196 | 204 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 29 | 27 | 31 | 32 | 35 | 42 | 52 | 74 | 76 | 95 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 4 |
| 0 | 0 | 0 | 0 | 0 | 12 | 27 | 27 | 27 | 27 | |
| 17 | 16 | 17 | 21 | 21 | 23 | 21 | 20 | 25 | 26 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58 | 43 | 32 | |
| Cash & Bank | 9 | 3 | 2 | 4 | 13 | 2 | 1 | 2 | 8 | 7 |
| 48 | 55 | 52 | 36 | 54 | 72 | 64 | 10 | 17 | 13 | |
| Total Assets | 103 | 100 | 102 | 93 | 122 | 151 | 164 | 191 | 196 | 204 |
| Total Debt | 14 | 8 | 2 | 4 | 11 | 27 | 16 | 20 | 16 | 2 |
| Net Working Capital | 38 | 42 | 43 | 39 | 39 | 50 | 37 | 35 | 44 | 30 |
| Contingent Liabilities | 1 | 0 | 0 | 0 | 3 | 3 | 3 | 0 | 0 | 0 |
| Book Value per Share | 13.27 | 14.01 | 15.24 | 14.62 | 16.33 | 18.77 | 22.69 | 26.41 | 28.71 | 31.18 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 14 | 8 | 2 | 4 | 11 | 27 | 16 | 20 | 16 | 2 |
| Net Working Capital | 38 | 42 | 43 | 39 | 39 | 50 | 37 | 35 | 44 | 30 |
| Contingent Liabilities | 1 | 0 | 0 | 0 | 3 | 3 | 3 | 0 | 0 | 0 |
| Book Value per Share | 13.27 | 14.01 | 15.24 | 14.62 | 16.33 | 18.77 | 22.69 | 26.41 | 28.71 | 31.18 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 5
- 63
- 14
- Trade Payables
- 12
- 9
- Total Liabilities
- 103
- 29
- Capital Work in Progress
- 0
- 0
- 17
- 0
- Cash & Bank
- 9
- 48
- Total Assets
- 103
- Total Debt
- 14
- Net Working Capital
- 38
- Contingent Liabilities
- 1
- Book Value per Share
- 13.27
- Face Value
- 1.00
- Total Debt
- 14
- Net Working Capital
- 38
- Contingent Liabilities
- 1
- Book Value per Share
- 13.27
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 5
- 66
- 8
- Trade Payables
- 10
- 10
- Total Liabilities
- 100
- 27
- Capital Work in Progress
- 0
- 0
- 16
- 0
- Cash & Bank
- 3
- 55
- Total Assets
- 100
- Total Debt
- 8
- Net Working Capital
- 42
- Contingent Liabilities
- 0
- Book Value per Share
- 14.01
- Face Value
- 1.00
- Total Debt
- 8
- Net Working Capital
- 42
- Contingent Liabilities
- 0
- Book Value per Share
- 14.01
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 5
- 73
- 2
- Trade Payables
- 11
- 11
- Total Liabilities
- 102
- 31
- Capital Work in Progress
- 0
- 0
- 17
- 0
- Cash & Bank
- 2
- 52
- Total Assets
- 102
- Total Debt
- 2
- Net Working Capital
- 43
- Contingent Liabilities
- 0
- Book Value per Share
- 15.24
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 43
- Contingent Liabilities
- 0
- Book Value per Share
- 15.24
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 5
- 69
- 4
- Trade Payables
- 7
- 7
- Total Liabilities
- 93
- 32
- Capital Work in Progress
- 0
- 0
- 21
- 0
- Cash & Bank
- 4
- 36
- Total Assets
- 93
- Total Debt
- 4
- Net Working Capital
- 39
- Contingent Liabilities
- 0
- Book Value per Share
- 14.62
- Face Value
- 1.00
- Total Debt
- 4
- Net Working Capital
- 39
- Contingent Liabilities
- 0
- Book Value per Share
- 14.62
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 5
- 78
- 11
- Trade Payables
- 17
- 11
- Total Liabilities
- 122
- 35
- Capital Work in Progress
- 0
- 0
- 21
- 0
- Cash & Bank
- 13
- 54
- Total Assets
- 122
- Total Debt
- 11
- Net Working Capital
- 39
- Contingent Liabilities
- 3
- Book Value per Share
- 16.33
- Face Value
- 1.00
- Total Debt
- 11
- Net Working Capital
- 39
- Contingent Liabilities
- 3
- Book Value per Share
- 16.33
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 5
- 91
- 1
- Trade Payables
- 19
- 36
- Total Liabilities
- 151
- 42
- Capital Work in Progress
- 1
- 12
- 23
- 0
- Cash & Bank
- 2
- 72
- Total Assets
- 151
- Total Debt
- 27
- Net Working Capital
- 50
- Contingent Liabilities
- 3
- Book Value per Share
- 18.77
- Face Value
- 1.00
- Total Debt
- 27
- Net Working Capital
- 50
- Contingent Liabilities
- 3
- Book Value per Share
- 18.77
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 5
- 111
- 6
- Trade Payables
- 13
- 29
- Total Liabilities
- 164
- 52
- Capital Work in Progress
- 0
- 27
- 21
- 0
- Cash & Bank
- 1
- 64
- Total Assets
- 164
- Total Debt
- 16
- Net Working Capital
- 37
- Contingent Liabilities
- 3
- Book Value per Share
- 22.69
- Face Value
- 1.00
- Total Debt
- 16
- Net Working Capital
- 37
- Contingent Liabilities
- 3
- Book Value per Share
- 22.69
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 5
- 130
- 15
- Trade Payables
- 18
- 23
- Total Liabilities
- 191
- 74
- Capital Work in Progress
- 0
- 27
- 20
- 58
- Cash & Bank
- 2
- 10
- Total Assets
- 191
- Total Debt
- 20
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 26.41
- Face Value
- 1.00
- Total Debt
- 20
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 26.41
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 5
- 141
- 4
- Trade Payables
- 21
- 24
- Total Liabilities
- 196
- 76
- Capital Work in Progress
- 0
- 27
- 25
- 43
- Cash & Bank
- 8
- 17
- Total Assets
- 196
- Total Debt
- 16
- Net Working Capital
- 44
- Contingent Liabilities
- 0
- Book Value per Share
- 28.71
- Face Value
- 1.00
- Total Debt
- 16
- Net Working Capital
- 44
- Contingent Liabilities
- 0
- Book Value per Share
- 28.71
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 5
- 154
- 2
- Trade Payables
- 27
- 16
- Total Liabilities
- 204
- 95
- Capital Work in Progress
- 4
- 27
- 26
- 32
- Cash & Bank
- 7
- 13
- Total Assets
- 204
- Total Debt
- 2
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 31.18
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 31.18
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 1 | 11 | 14 | 13 | 4 | 41 | 23 | 35 | 45 | |
| Cash from Investing | -5 | 4 | -8 | -7 | -9 | -25 | -25 | -16 | -20 | -23 |
| Cash from Financing | -1 | -4 | -4 | -6 | 7 | 10 | -17 | -6 | -14 | -23 |
| -1 | 1 | -1 | 1 | 10 | -11 | -1 | 1 | 1 | -1 | |
| Free Cash Flow | 3 | -1 | 2 | 8 | 5 | -10 | 27 | -6 | 25 | 14 |
| OCF / Net Profit | 0.68 | 0.16 | 1.13 | 3.16 | 1.45 | 0.21 | 1.74 | 0.93 | 2.01 | 2.57 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 4 | 32 | 24 | 41 | 51 |
| OCF / Net Profit | 0.68 | 0.16 | 1.13 | 3.16 | 1.45 | 0.21 | 1.74 | 0.93 | 2.01 | 2.57 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 4 | 32 | 24 | 41 | 51 |
Mar 2017
- 5
- Cash from Investing
- -5
- Cash from Financing
- -1
- -1
- Free Cash Flow
- 3
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1
- Cash from Investing
- 4
- Cash from Financing
- -4
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
Mar 2019
- 11
- Cash from Investing
- -8
- Cash from Financing
- -4
- -1
- Free Cash Flow
- 2
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
Mar 2020
- 14
- Cash from Investing
- -7
- Cash from Financing
- -6
- 1
- Free Cash Flow
- 8
- OCF / Net Profit
- 3.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.16
- Cumulative 5-Year FCF
- 0
Mar 2021
- 13
- Cash from Investing
- -9
- Cash from Financing
- 7
- 10
- Free Cash Flow
- 5
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 18
Mar 2022
- 4
- Cash from Investing
- -25
- Cash from Financing
- 10
- -11
- Free Cash Flow
- -10
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 4
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 4
Mar 2023
- 41
- Cash from Investing
- -25
- Cash from Financing
- -17
- -1
- Free Cash Flow
- 27
- OCF / Net Profit
- 1.74
- Cumulative 5-Year FCF
- 32
- OCF / Net Profit
- 1.74
- Cumulative 5-Year FCF
- 32
Mar 2024
- 23
- Cash from Investing
- -16
- Cash from Financing
- -6
- 1
- Free Cash Flow
- -6
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 24
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 24
Mar 2025
- 35
- Cash from Investing
- -20
- Cash from Financing
- -14
- 1
- Free Cash Flow
- 25
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- 41
- OCF / Net Profit
- 2.01
- Cumulative 5-Year FCF
- 41
Mar 2026
- 45
- Cash from Investing
- -23
- Cash from Financing
- -23
- -1
- Free Cash Flow
- 14
- OCF / Net Profit
- 2.57
- Cumulative 5-Year FCF
- 51
- OCF / Net Profit
- 2.57
- Cumulative 5-Year FCF
- 51
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 (₹) | 1.45 | 1.38 | 1.98 | 0.86 | 1.75 | 3.51 | 4.64 | 4.74 | 3.40 | 3.46 |
| Book Value (₹) | 13.27 | 14.01 | 15.24 | 14.62 | 16.33 | 18.77 | 22.69 | 26.41 | 28.71 | 31.18 |
| Dividend per Share (₹) | 0.50 | 0.60 | 0.75 | 0.45 | 1.00 | 0.75 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 2.31 | 2.24 | 2.92 | 1.91 | 2.79 | 4.65 | 5.79 | 5.92 | 4.77 | 4.97 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.36% | 11.52% | 12.36% | 9.48% | 12.78% | 15.69% | 18.78% | 15.89% | 15.16% | 12.84% |
| Net Margin % | 4.99% | 4.69% | 6.45% | 3.72% | 6.52% | 8.90% | 11.36% | 11.47% | 8.16% | 7.22% |
| ROE % | 11.56% | 10.10% | 13.51% | 5.76% | 11.32% | 19.98% | 22.36% | 19.32% | 12.32% | 11.55% |
| ROCE % | 15.68% | 15.90% | 18.08% | 7.34% | 14.20% | 23.73% | 26.05% | 24.19% | 17.51% | 16.81% |
| 7.27% | 6.93% | 9.98% | 4.51% | 8.31% | 13.08% | 15.00% | 13.64% | 8.95% | 8.81% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 73 | 89 | 99 | 112 | 91 | 87 | 90 | 91 | 87 | 56 |
| Inventory Days | 41 | 40 | 38 | 58 | 55 | 40 | 39 | 36 | 39 | 38 |
| Payable Days | 71 | 48 | 51 | 61 | 68 | 70 | 60 | 60 | 74 | 69 |
| 44 | 80 | 86 | 108 | 78 | 57 | 69 | 67 | 51 | 25 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.21x | 0.12x | 0.03x | 0.05x | 0.13x | 0.28x | 0.14x | 0.15x | 0.11x | 0.01x |
| Interest Coverage (x) | 7.67x | 12.99x | 34.33x | 22.28x | 60.52x | 18.15x | 12.10x | 8.19x | 6.66x | 7.89x |
| 2.22x | 2.61x | 3.00x | 3.35x | 2.05x | 2.41x | 2.02x | 1.73x | 2.24x | 1.76x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.85% | 9.98% | 6.86% | -24.57% | 16.44% | 46.64% | 3.56% | 1.28% | 0.71% | 15.11% |
| Operating Profit Growth % | 23.39% | 2.52% | 11.85% | -42.16% | 57.03% | 80.02% | 23.95% | 4.14% | -14.46% | 1.06% |
| Net Profit Growth % | 72.55% | -5.05% | 43.43% | -56.47% | 103.74% | 100.15% | 32.20% | 2.34% | -28.41% | 1.83% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.34% | -28.41% | 1.83% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.94x | 13.67x | 13.54x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.40x | 1.62x | 1.50x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.11% | 2.15% | 2.14% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.71x | 7.04x | 6.65x |
Mar 2017
- EPS (₹)
- 1.45
- Book Value (₹)
- 13.27
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 2.31
- Operating Margin %
- 11.36%
- Net Margin %
- 4.99%
- ROE %
- 11.56%
- ROCE %
- 15.68%
- 7.27%
- Debtor Days
- 73
- Inventory Days
- 41
- Payable Days
- 71
- 44
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 7.67x
- 2.22x
- Revenue Growth %
- 1.85%
- Operating Profit Growth %
- 23.39%
- Net Profit Growth %
- 72.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.38
- Book Value (₹)
- 14.01
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 2.24
- Operating Margin %
- 11.52%
- Net Margin %
- 4.69%
- ROE %
- 10.10%
- ROCE %
- 15.90%
- 6.93%
- Debtor Days
- 89
- Inventory Days
- 40
- Payable Days
- 48
- 80
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 12.99x
- 2.61x
- Revenue Growth %
- 9.98%
- Operating Profit Growth %
- 2.52%
- Net Profit Growth %
- -5.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.98
- Book Value (₹)
- 15.24
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 2.92
- Operating Margin %
- 12.36%
- Net Margin %
- 6.45%
- ROE %
- 13.51%
- ROCE %
- 18.08%
- 9.98%
- Debtor Days
- 99
- Inventory Days
- 38
- Payable Days
- 51
- 86
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 34.33x
- 3.00x
- Revenue Growth %
- 6.86%
- Operating Profit Growth %
- 11.85%
- Net Profit Growth %
- 43.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.86
- Book Value (₹)
- 14.62
- Dividend per Share (₹)
- 0.45
- Cash EPS (₹)
- 1.91
- Operating Margin %
- 9.48%
- Net Margin %
- 3.72%
- ROE %
- 5.76%
- ROCE %
- 7.34%
- 4.51%
- Debtor Days
- 112
- Inventory Days
- 58
- Payable Days
- 61
- 108
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 22.28x
- 3.35x
- Revenue Growth %
- -24.57%
- Operating Profit Growth %
- -42.16%
- Net Profit Growth %
- -56.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.75
- Book Value (₹)
- 16.33
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 2.79
- Operating Margin %
- 12.78%
- Net Margin %
- 6.52%
- ROE %
- 11.32%
- ROCE %
- 14.20%
- 8.31%
- Debtor Days
- 91
- Inventory Days
- 55
- Payable Days
- 68
- 78
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 60.52x
- 2.05x
- Revenue Growth %
- 16.44%
- Operating Profit Growth %
- 57.03%
- Net Profit Growth %
- 103.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.51
- Book Value (₹)
- 18.77
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 4.65
- Operating Margin %
- 15.69%
- Net Margin %
- 8.90%
- ROE %
- 19.98%
- ROCE %
- 23.73%
- 13.08%
- Debtor Days
- 87
- Inventory Days
- 40
- Payable Days
- 70
- 57
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 18.15x
- 2.41x
- Revenue Growth %
- 46.64%
- Operating Profit Growth %
- 80.02%
- Net Profit Growth %
- 100.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.64
- Book Value (₹)
- 22.69
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 5.79
- Operating Margin %
- 18.78%
- Net Margin %
- 11.36%
- ROE %
- 22.36%
- ROCE %
- 26.05%
- 15.00%
- Debtor Days
- 90
- Inventory Days
- 39
- Payable Days
- 60
- 69
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 12.10x
- 2.02x
- Revenue Growth %
- 3.56%
- Operating Profit Growth %
- 23.95%
- Net Profit Growth %
- 32.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4.74
- Book Value (₹)
- 26.41
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 5.92
- Operating Margin %
- 15.89%
- Net Margin %
- 11.47%
- ROE %
- 19.32%
- ROCE %
- 24.19%
- 13.64%
- Debtor Days
- 91
- Inventory Days
- 36
- Payable Days
- 60
- 67
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 8.19x
- 1.73x
- Revenue Growth %
- 1.28%
- Operating Profit Growth %
- 4.14%
- Net Profit Growth %
- 2.34%
- 2.34%
- P/E (x)
- 18.94x
- P/B (x)
- 3.40x
- Dividend Yield %
- 1.11%
- 11.71x
Mar 2025
- EPS (₹)
- 3.40
- Book Value (₹)
- 28.71
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 4.77
- Operating Margin %
- 15.16%
- Net Margin %
- 8.16%
- ROE %
- 12.32%
- ROCE %
- 17.51%
- 8.95%
- Debtor Days
- 87
- Inventory Days
- 39
- Payable Days
- 74
- 51
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 6.66x
- 2.24x
- Revenue Growth %
- 0.71%
- Operating Profit Growth %
- -14.46%
- Net Profit Growth %
- -28.41%
- -28.41%
- P/E (x)
- 13.67x
- P/B (x)
- 1.62x
- Dividend Yield %
- 2.15%
- 7.04x
Mar 2026
- EPS (₹)
- 3.46
- Book Value (₹)
- 31.18
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 4.97
- Operating Margin %
- 12.84%
- Net Margin %
- 7.22%
- ROE %
- 11.55%
- ROCE %
- 16.81%
- 8.81%
- Debtor Days
- 56
- Inventory Days
- 38
- Payable Days
- 69
- 25
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 7.89x
- 1.76x
- Revenue Growth %
- 15.11%
- Operating Profit Growth %
- 1.06%
- Net Profit Growth %
- 1.83%
- 1.83%
- P/E (x)
- 13.54x
- P/B (x)
- 1.50x
- Dividend Yield %
- 2.14%
- 6.65x
Documents
Announcements
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Annual Reports
Credit Ratings
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Concalls
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