Mercantile Ventures Ltd.
•₹ 24.05-1.8%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Security services: 41.8% • Manpower services: 34.1% • Investment activities: 15.1% • Rent and Maintenance of Immovable properties: 8.9%
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from 789 to 273
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (98.3% of PBT)
- Recent results are weak - TTM profit is down 69.2% versus prior year
- Company has a low return on capital employed of 1.8%
- Company has a low return on equity of 1.5% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.48x)
* 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. | PFOCUS | 279.00 | 187.99 | 21727.79 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| 2. | SAGILITY | 42.46 | 20.02 | 19876.92 | 0.35 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| 3. | SYNGENE | 397.10 | 72.53 | 16029.70 | 0.31 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| 4. | IGIL | 338.55 | 24.00 | 14630.77 | 1.48 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| 5. | INDGN | 564.25 | 33.91 | 13592.86 | 0.40 | 1162.00 | 898.28 | 10631.00 | 1297.34 | 18.92 | 16.39 |
| 6. | NESCO | 1032.45 | 17.63 | 7274.64 | 0.68 | 93.05 | 5.00 | 251.62 | 31.05 | 19.23 | 46.86 |
| 7. | LEAPIND | 160.55 | 113.45 | 7072.81 | 0.00 | — | — | — | — | 9.32 | — |
| 8. | SPARC | 193.15 | 3.96 | 6268.13 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| 9. | SMARTWORKS | 500.70 | 205.47 | 5727.06 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 52.26 | 63.33 |
| 10. | LATENTVIEW | 276.50 | 29.28 | 5721.48 | 0.00 | 47.10 | -6.84 | 286.88 | 21.55 | 16.69 | 19.76 |
| 11. | JUSTDIAL | 659.80 | 15.46 | 5611.54 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| 12. | MERCANTILE | 24.50 | 38.57 | 274.57 | 0.00 | 1.21 | 271.16 | 23.03 | 9.26 | 4.03 | -0.27 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 15 | 16 | 15 | 17 | 18 | 18 | 19 | 21 | 24 | 25 | 24 | 23 | |
| 13 | 14 | 15 | 18 | 17 | 17 | 18 | 19 | 21 | 23 | 25 | 24 | 23 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 2 | 2 | 8 | 1 | 2 | 2 | 0 | 0 | 1 | 2 | 2 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | -8 | -1 | 8 | 1 | 2 | 2 | -0 | 0 | 1 | 2 | 2 | |
| Tax % | 284.93% | 19.53% | -3.56% | -59.14% | 12.31% | 26.23% | 33.47% | -302.30% | -60.47% | 108.70% | 5.75% | -22.50% | 43.91% |
| Net Profit | 0 | 0 | 0 | 0 | 7 | 1 | 2 | 7 | -1 | -0 | 1 | 2 | 1 |
| -0 | 0 | -0 | -0 | 0 | 0 | 0 | 1 | -0 | 0 | 0 | 0 | -0 | |
| Equity Capital | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 |
| 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 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 |
| 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
- 14
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 284.93%
- Net Profit
- 0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 15
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 19.53%
- Net Profit
- 0
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 16
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- -8
- Tax %
- -3.56%
- Net Profit
- 0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 15
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- -59.14%
- Net Profit
- 0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 17
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 12.31%
- Net Profit
- 7
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 18
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 26.23%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 18
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- -0
- Depreciation
- 0
- 2
- Tax %
- 33.47%
- Net Profit
- 2
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 19
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- -302.30%
- Net Profit
- 7
- 1
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 21
- 21
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -60.47%
- Net Profit
- -1
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 24
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 108.70%
- Net Profit
- -0
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 25
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 5.75%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 24
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- -22.50%
- Net Profit
- 2
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 23
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 43.91%
- Net Profit
- 1
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 27 | 30 | 34 | 38 | 37 | 37 | 47 | 60 | 72 | 95 | |
| 17 | 24 | 29 | 32 | 34 | 33 | 35 | 44 | 60 | 71 | 95 | |
| Operating Profit | 9 | 7 | 8 | 7 | 10 | 11 | 19 | 10 | 6 | 14 | — |
| OPM % | 49 | 27 | 27 | 20 | 27 | 30 | 50 | 21 | 10 | 20 | — |
| Other Income | 8 | 5 | 7 | 4 | 6 | 7 | 16 | 7 | 6 | 13 | 5 |
| Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | -26 | 6 | 5 | 8 | 9 | 16 | 9 | -6 | 13 | 5 | |
| Tax % | 30 | -5 | 82 | 29 | -35 | 32 | 30 | 24 | -23 | -24 | 22 |
| Net Profit | 4 | -28 | 1 | 4 | 11 | 6 | 11 | 7 | -8 | 16 | 4 |
| EPS | 0 | -2 | 0 | 0 | 1 | 1 | 1 | 1 | -2 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -0 | 0 | 0 | 0 | 5 | 2 | -5 | -1 | -0 | -1 | -5 |
| Share of Associates | 2 | 1 | 2 | 3 | 10 | 0 | 5 | 10 | -0 | -0 | -0 |
| Adjusted EPS | 1 | -2 | 1 | 2 | -0 | 3 | 2 | 1 | -2 | 1 | — |
| Minority Interest | -0 | 0 | 0 | 0 | 5 | 2 | -5 | -1 | -0 | -1 | -5 |
| Share of Associates | 2 | 1 | 2 | 3 | 10 | 0 | 5 | 10 | -0 | -0 | -0 |
| Adjusted EPS | 1 | -2 | 1 | 2 | -0 | 3 | 2 | 1 | -2 | 1 | — |
Mar 2016
- 18
- 17
- Operating Profit
- 9
- OPM %
- 49
- Other Income
- 8
- Interest
- 2
- Depreciation
- 0
- 6
- Tax %
- 30
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -0
- Share of Associates
- 2
- Adjusted EPS
- 1
- Minority Interest
- -0
- Share of Associates
- 2
- Adjusted EPS
- 1
Mar 2017
- 27
- 24
- Operating Profit
- 7
- OPM %
- 27
- Other Income
- 5
- Interest
- 2
- Depreciation
- 1
- -26
- Tax %
- -5
- Net Profit
- -28
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 1
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 1
- Adjusted EPS
- -2
Mar 2018
- 30
- 29
- Operating Profit
- 8
- OPM %
- 27
- Other Income
- 7
- Interest
- 1
- Depreciation
- 1
- 6
- Tax %
- 82
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 2
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 2
- Adjusted EPS
- 1
Mar 2019
- 34
- 32
- Operating Profit
- 7
- OPM %
- 20
- Other Income
- 4
- Interest
- 1
- Depreciation
- 1
- 5
- Tax %
- 29
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- 2
Mar 2020
- 38
- 34
- Operating Profit
- 10
- OPM %
- 27
- Other Income
- 6
- Interest
- 1
- Depreciation
- 1
- 8
- Tax %
- -35
- Net Profit
- 11
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 5
- Share of Associates
- 10
- Adjusted EPS
- -0
- Minority Interest
- 5
- Share of Associates
- 10
- Adjusted EPS
- -0
Mar 2021
- 37
- 33
- Operating Profit
- 11
- OPM %
- 30
- Other Income
- 7
- Interest
- 1
- Depreciation
- 1
- 9
- Tax %
- 32
- Net Profit
- 6
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 37
- 35
- Operating Profit
- 19
- OPM %
- 50
- Other Income
- 16
- Interest
- 1
- Depreciation
- 1
- 16
- Tax %
- 30
- Net Profit
- 11
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -5
- Share of Associates
- 5
- Adjusted EPS
- 2
- Minority Interest
- -5
- Share of Associates
- 5
- Adjusted EPS
- 2
Mar 2023
- 47
- 44
- Operating Profit
- 10
- OPM %
- 21
- Other Income
- 7
- Interest
- 1
- Depreciation
- 1
- 9
- Tax %
- 24
- Net Profit
- 7
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 10
- Adjusted EPS
- 1
- Minority Interest
- -1
- Share of Associates
- 10
- Adjusted EPS
- 1
Mar 2024
- 60
- 60
- Operating Profit
- 6
- OPM %
- 10
- Other Income
- 6
- Interest
- 1
- Depreciation
- 1
- -6
- Tax %
- -23
- Net Profit
- -8
- 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
- 72
- 71
- Operating Profit
- 14
- OPM %
- 20
- Other Income
- 13
- Interest
- 0
- Depreciation
- 1
- 13
- Tax %
- -24
- Net Profit
- 16
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- -0
- Adjusted EPS
- 1
- Minority Interest
- -1
- Share of Associates
- -0
- Adjusted EPS
- 1
TTM
- 95
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 5
- Tax %
- 22
- Net Profit
- 4
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -5
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- -5
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 19%
- 5 Years:
- 14%
- 3 Years:
- 25%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -4%
- 5 Years:
- —
- 3 Years:
- -17%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 2%
- 3 Years:
- 2%
- Last Year:
- 5%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | |
| 157 | 137 | 142 | 160 | 159 | 191 | 226 | 199 | 221 | 219 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | |
| Trade Payables | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 31 | 9 | 7 | 2 | -2 | -3 | 8 | 21 | 63 | 60 | |
| Total Liabilities | 301 | 258 | 261 | 274 | 270 | 301 | 347 | 337 | 397 | 391 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 44 | 86 | 85 | 84 | 76 | 77 | 77 | 77 | 90 | 94 | |
| Capital Work in Progress | 0 | 0 | 44 | 44 | 44 | 44 | 0 | 0 | 0 | 0 |
| 46 | 64 | 66 | 81 | 70 | 90 | 148 | 177 | 175 | 223 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 13 | 16 | |
| Cash & Bank | 1 | 3 | 3 | 5 | 13 | 23 | 7 | 6 | 58 | 7 |
| 209 | 106 | 64 | 59 | 66 | 67 | 115 | 67 | 60 | 50 | |
| Total Assets | 301 | 258 | 261 | 274 | 270 | 301 | 347 | 337 | 397 | 391 |
| Total Debt | 9 | 4 | 4 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Net Working Capital | 34 | 92 | 61 | 64 | 65 | 74 | 140 | 69 | 130 | 54 |
| Contingent Liabilities | 0 | 0 | 0 | 126 | 251 | 236 | 386 | 386 | 386 | 301 |
| Book Value per Share | 24.06 | 22.26 | 22.67 | 24.27 | 24.25 | 27.08 | 30.22 | 28.67 | 29.61 | 29.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 9 | 4 | 4 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Net Working Capital | 34 | 92 | 61 | 64 | 65 | 74 | 140 | 69 | 130 | 54 |
| Contingent Liabilities | 0 | 0 | 0 | 126 | 251 | 236 | 386 | 386 | 386 | 301 |
| Book Value per Share | 24.06 | 22.26 | 22.67 | 24.27 | 24.25 | 27.08 | 30.22 | 28.67 | 29.61 | 29.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- 112
- 157
- 0
- Trade Payables
- 0
- 31
- Total Liabilities
- 301
- 44
- Capital Work in Progress
- 0
- 46
- 0
- Cash & Bank
- 1
- 209
- Total Assets
- 301
- Total Debt
- 9
- Net Working Capital
- 34
- Contingent Liabilities
- 0
- Book Value per Share
- 24.06
- Face Value
- 10.00
- Total Debt
- 9
- Net Working Capital
- 34
- Contingent Liabilities
- 0
- Book Value per Share
- 24.06
- Face Value
- 10.00
Mar 2017
- 112
- 137
- 0
- Trade Payables
- 1
- 9
- Total Liabilities
- 258
- 86
- Capital Work in Progress
- 0
- 64
- 0
- Cash & Bank
- 3
- 106
- Total Assets
- 258
- Total Debt
- 4
- Net Working Capital
- 92
- Contingent Liabilities
- 0
- Book Value per Share
- 22.26
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 92
- Contingent Liabilities
- 0
- Book Value per Share
- 22.26
- Face Value
- 10.00
Mar 2018
- 112
- 142
- 0
- Trade Payables
- 0
- 7
- Total Liabilities
- 261
- 85
- Capital Work in Progress
- 44
- 66
- 0
- Cash & Bank
- 3
- 64
- Total Assets
- 261
- Total Debt
- 4
- Net Working Capital
- 61
- Contingent Liabilities
- 0
- Book Value per Share
- 22.67
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 61
- Contingent Liabilities
- 0
- Book Value per Share
- 22.67
- Face Value
- 10.00
Mar 2019
- 112
- 160
- 0
- Trade Payables
- 0
- 2
- Total Liabilities
- 274
- 84
- Capital Work in Progress
- 44
- 81
- 0
- Cash & Bank
- 5
- 59
- Total Assets
- 274
- Total Debt
- 0
- Net Working Capital
- 64
- Contingent Liabilities
- 126
- Book Value per Share
- 24.27
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 64
- Contingent Liabilities
- 126
- Book Value per Share
- 24.27
- Face Value
- 10.00
Mar 2020
- 112
- 159
- 0
- Trade Payables
- 0
- -2
- Total Liabilities
- 270
- 76
- Capital Work in Progress
- 44
- 70
- 0
- Cash & Bank
- 13
- 66
- Total Assets
- 270
- Total Debt
- 0
- Net Working Capital
- 65
- Contingent Liabilities
- 251
- Book Value per Share
- 24.25
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 65
- Contingent Liabilities
- 251
- Book Value per Share
- 24.25
- Face Value
- 10.00
Mar 2021
- 112
- 191
- 0
- Trade Payables
- 0
- -3
- Total Liabilities
- 301
- 77
- Capital Work in Progress
- 44
- 90
- 0
- Cash & Bank
- 23
- 67
- Total Assets
- 301
- Total Debt
- 0
- Net Working Capital
- 74
- Contingent Liabilities
- 236
- Book Value per Share
- 27.08
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 74
- Contingent Liabilities
- 236
- Book Value per Share
- 27.08
- Face Value
- 10.00
Mar 2022
- 112
- 226
- 0
- Trade Payables
- 0
- 8
- Total Liabilities
- 347
- 77
- Capital Work in Progress
- 0
- 148
- 0
- Cash & Bank
- 7
- 115
- Total Assets
- 347
- Total Debt
- 0
- Net Working Capital
- 140
- Contingent Liabilities
- 386
- Book Value per Share
- 30.22
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 140
- Contingent Liabilities
- 386
- Book Value per Share
- 30.22
- Face Value
- 10.00
Mar 2023
- 112
- 199
- 4
- Trade Payables
- 0
- 21
- Total Liabilities
- 337
- 77
- Capital Work in Progress
- 0
- 177
- 10
- Cash & Bank
- 6
- 67
- Total Assets
- 337
- Total Debt
- 4
- Net Working Capital
- 69
- Contingent Liabilities
- 386
- Book Value per Share
- 28.67
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 69
- Contingent Liabilities
- 386
- Book Value per Share
- 28.67
- Face Value
- 10.00
Mar 2024
- 112
- 221
- 0
- Trade Payables
- 0
- 63
- Total Liabilities
- 397
- 90
- Capital Work in Progress
- 0
- 175
- 13
- Cash & Bank
- 58
- 60
- Total Assets
- 397
- Total Debt
- 0
- Net Working Capital
- 130
- Contingent Liabilities
- 386
- Book Value per Share
- 29.61
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 130
- Contingent Liabilities
- 386
- Book Value per Share
- 29.61
- Face Value
- 10.00
Mar 2025
- 112
- 219
- 0
- Trade Payables
- 0
- 60
- Total Liabilities
- 391
- 94
- Capital Work in Progress
- 0
- 223
- 16
- Cash & Bank
- 7
- 50
- Total Assets
- 391
- Total Debt
- 0
- Net Working Capital
- 54
- Contingent Liabilities
- 301
- Book Value per Share
- 29.39
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 54
- Contingent Liabilities
- 301
- Book Value per Share
- 29.39
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -19 | -27 | 4 | 10 | -9 | 23 | -6 | -14 | 39 | -33 | |
| Cash from Investing | 17 | 34 | -4 | -4 | 17 | -13 | -10 | 9 | 17 | -18 |
| Cash from Financing | -2 | -5 | -0 | -4 | 0 | 0 | 0 | 4 | -5 | 0 |
| -4 | 2 | -0 | 2 | 8 | 10 | -16 | -1 | 52 | -51 | |
| Free Cash Flow | -21 | -70 | -40 | 10 | -9 | 21 | -6 | -14 | 25 | -38 |
| OCF / Net Profit | -4.51 | 0.97 | 3.64 | 2.76 | -0.82 | 3.56 | -0.53 | -2.04 | -5.05 | -2.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -130 | -88 | -24 | 2 | 17 | -12 |
| OCF / Net Profit | -4.51 | 0.97 | 3.64 | 2.76 | -0.82 | 3.56 | -0.53 | -2.04 | -5.05 | -2.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -130 | -88 | -24 | 2 | 17 | -12 |
Mar 2016
- -19
- Cash from Investing
- 17
- Cash from Financing
- -2
- -4
- Free Cash Flow
- -21
- OCF / Net Profit
- -4.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.51
- Cumulative 5-Year FCF
- 0
Mar 2017
- -27
- Cash from Investing
- 34
- Cash from Financing
- -5
- 2
- Free Cash Flow
- -70
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
Mar 2018
- 4
- Cash from Investing
- -4
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -40
- OCF / Net Profit
- 3.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.64
- Cumulative 5-Year FCF
- 0
Mar 2019
- 10
- Cash from Investing
- -4
- Cash from Financing
- -4
- 2
- Free Cash Flow
- 10
- OCF / Net Profit
- 2.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.76
- Cumulative 5-Year FCF
- 0
Mar 2020
- -9
- Cash from Investing
- 17
- Cash from Financing
- 0
- 8
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.82
- Cumulative 5-Year FCF
- -130
- OCF / Net Profit
- -0.82
- Cumulative 5-Year FCF
- -130
Mar 2021
- 23
- Cash from Investing
- -13
- Cash from Financing
- 0
- 10
- Free Cash Flow
- 21
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- -88
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- -88
Mar 2022
- -6
- Cash from Investing
- -10
- Cash from Financing
- 0
- -16
- Free Cash Flow
- -6
- OCF / Net Profit
- -0.53
- Cumulative 5-Year FCF
- -24
- OCF / Net Profit
- -0.53
- Cumulative 5-Year FCF
- -24
Mar 2023
- -14
- Cash from Investing
- 9
- Cash from Financing
- 4
- -1
- Free Cash Flow
- -14
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 2
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 2
Mar 2024
- 39
- Cash from Investing
- 17
- Cash from Financing
- -5
- 52
- Free Cash Flow
- 25
- OCF / Net Profit
- -5.05
- Cumulative 5-Year FCF
- 17
- OCF / Net Profit
- -5.05
- Cumulative 5-Year FCF
- 17
Mar 2025
- -33
- Cash from Investing
- -18
- Cash from Financing
- 0
- -51
- Free Cash Flow
- -38
- OCF / Net Profit
- -2.02
- Cumulative 5-Year FCF
- -12
- OCF / Net Profit
- -2.02
- Cumulative 5-Year FCF
- -12
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.59 | -1.92 | 0.82 | 1.56 | -0.03 | 2.59 | 2.34 | 1.42 | -1.84 | 1.36 |
| Book Value (₹) | 24.06 | 22.26 | 22.67 | 24.27 | 24.25 | 27.08 | 30.22 | 28.67 | 29.61 | 29.39 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.42 | -2.39 | 0.21 | 0.43 | 1.11 | 0.66 | 1.11 | 0.69 | -0.61 | 1.54 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 48.90% | 27.22% | 26.87% | 19.89% | 27.06% | 30.46% | 50.01% | 7.16% | 0.24% | 1.88% |
| Net Margin % | 23.78% | -102.91% | 3.81% | 10.78% | 29.72% | 17.12% | 31.01% | 14.30% | -12.86% | 22.53% |
| ROE % | 1.62% | -10.78% | 0.45% | 1.41% | 4.19% | 2.22% | 3.58% | 2.05% | -2.38% | 4.93% |
| ROCE % | 3.03% | -9.22% | 2.69% | 2.18% | 3.44% | 3.60% | 5.47% | 2.99% | -1.52% | 4.03% |
| 1.45% | -9.99% | 0.44% | 1.39% | 4.18% | 2.24% | 3.55% | 1.97% | -2.12% | 4.13% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 56 | 56 | 67 | 67 | 74 | 80 | 78 | 69 | 69 | 75 |
| Inventory Days | 4 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 105 | 163 | 159 | 440 | 560 | 411 | 363 | 303 | 422 |
| 60 | -48 | -96 | -92 | -365 | -481 | -334 | -295 | -235 | -347 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.03x | 0.02x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x |
| Interest Coverage (x) | 3.72x | -12.79x | 10.48x | 10.66x | 9.93x | 10.42x | 16.23x | 9.18x | -3.73x | 65.18x |
| 2.96x | 6.71x | 6.49x | 7.41x | 5.64x | 5.70x | 8.30x | 5.17x | 9.37x | 3.79x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 39.17% | 49.67% | 10.37% | 14.83% | 11.17% | -2.46% | -0.70% | 27.30% | 28.08% | 19.53% |
| Operating Profit Growth % | 25.80% | -16.69% | 8.99% | -15.02% | 51.27% | 9.80% | 63.00% | -46.19% | -41.35% | 143.42% |
| Net Profit Growth % | -80.09% | -747.79% | 104.09% | 224.90% | 206.49% | -43.83% | 79.88% | -41.29% | -215.16% | 309.51% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -39.17% | -228.99% | 173.99% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.51x | 0.00x | 14.29x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.57x | 0.69x | 0.66x |
| 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 | 18.20x | 29.41x | 14.77x |
Mar 2016
- EPS (₹)
- 0.59
- Book Value (₹)
- 24.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.42
- Operating Margin %
- 48.90%
- Net Margin %
- 23.78%
- ROE %
- 1.62%
- ROCE %
- 3.03%
- 1.45%
- Debtor Days
- 56
- Inventory Days
- 4
- Payable Days
- 0
- 60
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 3.72x
- 2.96x
- Revenue Growth %
- 39.17%
- Operating Profit Growth %
- 25.80%
- Net Profit Growth %
- -80.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -1.92
- Book Value (₹)
- 22.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.39
- Operating Margin %
- 27.22%
- Net Margin %
- -102.91%
- ROE %
- -10.78%
- ROCE %
- -9.22%
- -9.99%
- Debtor Days
- 56
- Inventory Days
- 2
- Payable Days
- 105
- -48
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- -12.79x
- 6.71x
- Revenue Growth %
- 49.67%
- Operating Profit Growth %
- -16.69%
- Net Profit Growth %
- -747.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.82
- Book Value (₹)
- 22.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.21
- Operating Margin %
- 26.87%
- Net Margin %
- 3.81%
- ROE %
- 0.45%
- ROCE %
- 2.69%
- 0.44%
- Debtor Days
- 67
- Inventory Days
- 0
- Payable Days
- 163
- -96
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 10.48x
- 6.49x
- Revenue Growth %
- 10.37%
- Operating Profit Growth %
- 8.99%
- Net Profit Growth %
- 104.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.56
- Book Value (₹)
- 24.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.43
- Operating Margin %
- 19.89%
- Net Margin %
- 10.78%
- ROE %
- 1.41%
- ROCE %
- 2.18%
- 1.39%
- Debtor Days
- 67
- Inventory Days
- 0
- Payable Days
- 159
- -92
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 10.66x
- 7.41x
- Revenue Growth %
- 14.83%
- Operating Profit Growth %
- -15.02%
- Net Profit Growth %
- 224.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.03
- Book Value (₹)
- 24.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.11
- Operating Margin %
- 27.06%
- Net Margin %
- 29.72%
- ROE %
- 4.19%
- ROCE %
- 3.44%
- 4.18%
- Debtor Days
- 74
- Inventory Days
- 0
- Payable Days
- 440
- -365
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 9.93x
- 5.64x
- Revenue Growth %
- 11.17%
- Operating Profit Growth %
- 51.27%
- Net Profit Growth %
- 206.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.59
- Book Value (₹)
- 27.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.66
- Operating Margin %
- 30.46%
- Net Margin %
- 17.12%
- ROE %
- 2.22%
- ROCE %
- 3.60%
- 2.24%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 560
- -481
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 10.42x
- 5.70x
- Revenue Growth %
- -2.46%
- Operating Profit Growth %
- 9.80%
- Net Profit Growth %
- -43.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 2.34
- Book Value (₹)
- 30.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.11
- Operating Margin %
- 50.01%
- Net Margin %
- 31.01%
- ROE %
- 3.58%
- ROCE %
- 5.47%
- 3.55%
- Debtor Days
- 78
- Inventory Days
- 0
- Payable Days
- 411
- -334
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 16.23x
- 8.30x
- Revenue Growth %
- -0.70%
- Operating Profit Growth %
- 63.00%
- Net Profit Growth %
- 79.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 1.42
- Book Value (₹)
- 28.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.69
- Operating Margin %
- 7.16%
- Net Margin %
- 14.30%
- ROE %
- 2.05%
- ROCE %
- 2.99%
- 1.97%
- Debtor Days
- 69
- Inventory Days
- 0
- Payable Days
- 363
- -295
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 9.18x
- 5.17x
- Revenue Growth %
- 27.30%
- Operating Profit Growth %
- -46.19%
- Net Profit Growth %
- -41.29%
- -39.17%
- P/E (x)
- 11.51x
- P/B (x)
- 0.57x
- Dividend Yield %
- 0.00%
- 18.20x
Mar 2024
- EPS (₹)
- -1.84
- Book Value (₹)
- 29.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.61
- Operating Margin %
- 0.24%
- Net Margin %
- -12.86%
- ROE %
- -2.38%
- ROCE %
- -1.52%
- -2.12%
- Debtor Days
- 69
- Inventory Days
- 0
- Payable Days
- 303
- -235
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -3.73x
- 9.37x
- Revenue Growth %
- 28.08%
- Operating Profit Growth %
- -41.35%
- Net Profit Growth %
- -215.16%
- -228.99%
- P/E (x)
- 0.00x
- P/B (x)
- 0.69x
- Dividend Yield %
- 0.00%
- 29.41x
Mar 2025
- EPS (₹)
- 1.36
- Book Value (₹)
- 29.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.54
- Operating Margin %
- 1.88%
- Net Margin %
- 22.53%
- ROE %
- 4.93%
- ROCE %
- 4.03%
- 4.13%
- Debtor Days
- 75
- Inventory Days
- 0
- Payable Days
- 422
- -347
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 65.18x
- 3.79x
- Revenue Growth %
- 19.53%
- Operating Profit Growth %
- 143.42%
- Net Profit Growth %
- 309.51%
- 173.99%
- P/E (x)
- 14.29x
- P/B (x)
- 0.66x
- Dividend Yield %
- 0.00%
- 14.77x
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Credit Ratings
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