Mercantile Ventures Ltd.
•₹ 24.05-1.8%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Manpower services: 74.6% • Rent and Maintenance of Immovable properties: 19.4% • Investment activities: 6.0%
PROS
- Company is almost debt free
- Company has delivered good sales growth of 17.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.46x)
- Working capital cycle has improved - days down from 614 to 360
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 80.0% versus prior year
- A large part of profit comes from other income (91.5% of PBT)
- Company has a low return on capital employed of 1.4%
- Company has a low return on equity of 1.3% over last 3 years
* 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 7 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 11 | 11 | 11 | 10 | |
| 6 | 6 | 7 | 10 | 8 | 9 | 9 | 9 | 10 | 11 | 11 | 11 | 10 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 1 | 1 | 1 | -0 | 0 | 2 | 0 | 0 | 0 | 2 | 2 |
| Interest | 0 | 0 | 0 | 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 | 2 | -2 | 0 | -0 | 0 | 2 | -0 | 0 | 0 | 1 | 2 | |
| Tax % | 177.85% | 20.83% | 14.37% | -24.77% | 25.00% | 27.27% | 25.00% | -259.89% | -192.86% | 175.00% | -2.04% | -30.56% | 57.04% |
| Net Profit | -1 | 1 | 1 | -3 | 0 | -0 | 0 | 6 | -0 | -0 | 0 | 1 | 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
- 7
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 177.85%
- Net Profit
- -1
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 7
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 20.83%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 8
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 14.37%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 8
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -2
- Tax %
- -24.77%
- Net Profit
- -3
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 8
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 25.00%
- Net Profit
- 0
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 9
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 27.27%
- Net Profit
- -0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 9
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 25.00%
- Net Profit
- 0
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 10
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- -259.89%
- Net Profit
- 6
- 1
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 10
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -192.86%
- Net Profit
- -0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 11
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 175.00%
- Net Profit
- -0
- -0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 11
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- -2.04%
- Net Profit
- 0
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 11
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- -30.56%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 10
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 57.04%
- Net Profit
- 1
- 0
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 112
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 5 | 5 | 5 | 16 | 15 | 15 | 21 | 30 | 37 | 43 | |
| 4 | 3 | 5 | 4 | 13 | 12 | 12 | 18 | 30 | 35 | 43 | |
| Operating Profit | 8 | 6 | 7 | 6 | 8 | 11 | 10 | 8 | 4 | 4 | — |
| OPM % | 196 | 135 | 144 | 104 | 50 | 69 | 68 | 40 | 12 | 10 | — |
| Other Income | 8 | 5 | 7 | 4 | 5 | 7 | 7 | 6 | 4 | 2 | 4 |
| Interest | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | -28 | 6 | 4 | 7 | 9 | 9 | 7 | 2 | 3 | 3 | |
| Tax % | 28 | -4 | 86 | 30 | -24 | 26 | 27 | 27 | 60 | -174 | 30 |
| Net Profit | 4 | -29 | 1 | 3 | 9 | 7 | 6 | 5 | 1 | 7 | 2 |
| EPS | 0 | -2 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| 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 | 0 | -3 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | — |
| 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 | 0 | -3 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | — |
Mar 2016
- 4
- 4
- Operating Profit
- 8
- OPM %
- 196
- Other Income
- 8
- Interest
- 2
- Depreciation
- 0
- 6
- Tax %
- 28
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 5
- 3
- Operating Profit
- 6
- OPM %
- 135
- Other Income
- 5
- Interest
- 2
- Depreciation
- 1
- -28
- Tax %
- -4
- Net Profit
- -29
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2018
- 5
- 5
- Operating Profit
- 7
- OPM %
- 144
- Other Income
- 7
- Interest
- 1
- Depreciation
- 1
- 6
- Tax %
- 86
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 5
- 4
- Operating Profit
- 6
- OPM %
- 104
- Other Income
- 4
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 30
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 16
- 13
- Operating Profit
- 8
- OPM %
- 50
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- -24
- Net Profit
- 9
- 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 2021
- 15
- 12
- Operating Profit
- 11
- OPM %
- 69
- Other Income
- 7
- Interest
- 0
- Depreciation
- 1
- 9
- Tax %
- 26
- Net Profit
- 7
- 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 2022
- 15
- 12
- Operating Profit
- 10
- OPM %
- 68
- Other Income
- 7
- Interest
- 0
- Depreciation
- 1
- 9
- Tax %
- 27
- Net Profit
- 6
- 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 2023
- 21
- 18
- Operating Profit
- 8
- OPM %
- 40
- Other Income
- 6
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- 27
- Net Profit
- 5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 30
- 30
- Operating Profit
- 4
- OPM %
- 12
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 60
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2025
- 37
- 35
- Operating Profit
- 4
- OPM %
- 10
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- -174
- Net Profit
- 7
- 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
TTM
- 43
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 30
- Net Profit
- 2
- 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:
- 26%
- 5 Years:
- 18%
- 3 Years:
- 36%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -11%
- 5 Years:
- -4%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 0%
- 5 Years:
- 2%
- 3 Years:
- 1%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
| 154 | 132 | 134 | 149 | 147 | 175 | 199 | 179 | 216 | 216 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | |
| 29 | 6 | 3 | -2 | -3 | -1 | 2 | 17 | 32 | 28 | |
| Total Liabilities | 294 | 250 | 250 | 259 | 256 | 286 | 313 | 312 | 361 | 357 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 44 | 85 | 84 | 81 | 63 | 63 | 62 | 61 | 69 | 73 | |
| Capital Work in Progress | 0 | 0 | 44 | 44 | 44 | 44 | 0 | 0 | 0 | 0 |
| 45 | 62 | 63 | 79 | 73 | 93 | 149 | 180 | 232 | 234 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 8 | |
| Cash & Bank | 0 | 1 | 1 | 3 | 9 | 19 | 2 | 1 | 3 | 2 |
| 206 | 101 | 58 | 53 | 66 | 67 | 100 | 70 | 50 | 40 | |
| Total Assets | 294 | 250 | 250 | 259 | 256 | 286 | 313 | 312 | 361 | 357 |
| Total Debt | 9 | 4 | 4 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
| Net Working Capital | 32 | 89 | 57 | 59 | 68 | 77 | 126 | 61 | 50 | 36 |
| Contingent Liabilities | 0 | 0 | 0 | 126 | 251 | 236 | 386 | 386 | 386 | 301 |
| Book Value per Share | 23.74 | 21.78 | 22.02 | 23.29 | 23.18 | 25.65 | 27.79 | 26.01 | 30.58 | 30.57 |
| 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 | 32 | 89 | 57 | 59 | 68 | 77 | 126 | 61 | 50 | 36 |
| Contingent Liabilities | 0 | 0 | 0 | 126 | 251 | 236 | 386 | 386 | 386 | 301 |
| Book Value per Share | 23.74 | 21.78 | 22.02 | 23.29 | 23.18 | 25.65 | 27.79 | 26.01 | 30.58 | 30.57 |
| 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
- 154
- 0
- 29
- Total Liabilities
- 294
- 44
- Capital Work in Progress
- 0
- 45
- 0
- Cash & Bank
- 0
- 206
- Total Assets
- 294
- Total Debt
- 9
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 23.74
- Face Value
- 10.00
- Total Debt
- 9
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 23.74
- Face Value
- 10.00
Mar 2017
- 112
- 132
- 0
- 6
- Total Liabilities
- 250
- 85
- Capital Work in Progress
- 0
- 62
- 0
- Cash & Bank
- 1
- 101
- Total Assets
- 250
- Total Debt
- 4
- Net Working Capital
- 89
- Contingent Liabilities
- 0
- Book Value per Share
- 21.78
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 89
- Contingent Liabilities
- 0
- Book Value per Share
- 21.78
- Face Value
- 10.00
Mar 2018
- 112
- 134
- 0
- 3
- Total Liabilities
- 250
- 84
- Capital Work in Progress
- 44
- 63
- 0
- Cash & Bank
- 1
- 58
- Total Assets
- 250
- Total Debt
- 4
- Net Working Capital
- 57
- Contingent Liabilities
- 0
- Book Value per Share
- 22.02
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 57
- Contingent Liabilities
- 0
- Book Value per Share
- 22.02
- Face Value
- 10.00
Mar 2019
- 112
- 149
- 0
- -2
- Total Liabilities
- 259
- 81
- Capital Work in Progress
- 44
- 79
- 0
- Cash & Bank
- 3
- 53
- Total Assets
- 259
- Total Debt
- 0
- Net Working Capital
- 59
- Contingent Liabilities
- 126
- Book Value per Share
- 23.29
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 59
- Contingent Liabilities
- 126
- Book Value per Share
- 23.29
- Face Value
- 10.00
Mar 2020
- 112
- 147
- 0
- -3
- Total Liabilities
- 256
- 63
- Capital Work in Progress
- 44
- 73
- 0
- Cash & Bank
- 9
- 66
- Total Assets
- 256
- Total Debt
- 0
- Net Working Capital
- 68
- Contingent Liabilities
- 251
- Book Value per Share
- 23.18
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 68
- Contingent Liabilities
- 251
- Book Value per Share
- 23.18
- Face Value
- 10.00
Mar 2021
- 112
- 175
- 0
- -1
- Total Liabilities
- 286
- 63
- Capital Work in Progress
- 44
- 93
- 0
- Cash & Bank
- 19
- 67
- Total Assets
- 286
- Total Debt
- 0
- Net Working Capital
- 77
- Contingent Liabilities
- 236
- Book Value per Share
- 25.65
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 77
- Contingent Liabilities
- 236
- Book Value per Share
- 25.65
- Face Value
- 10.00
Mar 2022
- 112
- 199
- 0
- 2
- Total Liabilities
- 313
- 62
- Capital Work in Progress
- 0
- 149
- 0
- Cash & Bank
- 2
- 100
- Total Assets
- 313
- Total Debt
- 0
- Net Working Capital
- 126
- Contingent Liabilities
- 386
- Book Value per Share
- 27.79
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 126
- Contingent Liabilities
- 386
- Book Value per Share
- 27.79
- Face Value
- 10.00
Mar 2023
- 112
- 179
- 4
- 17
- Total Liabilities
- 312
- 61
- Capital Work in Progress
- 0
- 180
- 0
- Cash & Bank
- 1
- 70
- Total Assets
- 312
- Total Debt
- 4
- Net Working Capital
- 61
- Contingent Liabilities
- 386
- Book Value per Share
- 26.01
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 61
- Contingent Liabilities
- 386
- Book Value per Share
- 26.01
- Face Value
- 10.00
Mar 2024
- 112
- 216
- 0
- 32
- Total Liabilities
- 361
- 69
- Capital Work in Progress
- 0
- 232
- 7
- Cash & Bank
- 3
- 50
- Total Assets
- 361
- Total Debt
- 0
- Net Working Capital
- 50
- Contingent Liabilities
- 386
- Book Value per Share
- 30.58
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 50
- Contingent Liabilities
- 386
- Book Value per Share
- 30.58
- Face Value
- 10.00
Mar 2025
- 112
- 216
- 0
- 28
- Total Liabilities
- 357
- 73
- Capital Work in Progress
- 0
- 234
- 8
- Cash & Bank
- 2
- 40
- Total Assets
- 357
- Total Debt
- 0
- Net Working Capital
- 36
- Contingent Liabilities
- 301
- Book Value per Share
- 30.57
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 36
- Contingent Liabilities
- 301
- Book Value per Share
- 30.57
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -19 | -28 | 4 | 11 | 5 | 25 | 18 | -12 | 39 | -8 | |
| Cash from Investing | 18 | 34 | -4 | -5 | 1 | -14 | -35 | 7 | -33 | 7 |
| Cash from Financing | -3 | -6 | -0 | -4 | 0 | 0 | 0 | 4 | -4 | 0 |
| -5 | 1 | -0 | 2 | 6 | 10 | -17 | -1 | 2 | -1 | |
| Free Cash Flow | -21 | -70 | -40 | 11 | 5 | 24 | 18 | -12 | 30 | -13 |
| OCF / Net Profit | -4.79 | 0.96 | 5.23 | 3.98 | 0.55 | 3.51 | 2.75 | -2.38 | 40.34 | -1.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -115 | -70 | 18 | 46 | 65 | 47 |
| OCF / Net Profit | -4.79 | 0.96 | 5.23 | 3.98 | 0.55 | 3.51 | 2.75 | -2.38 | 40.34 | -1.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -115 | -70 | 18 | 46 | 65 | 47 |
Mar 2016
- -19
- Cash from Investing
- 18
- Cash from Financing
- -3
- -5
- Free Cash Flow
- -21
- OCF / Net Profit
- -4.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.79
- Cumulative 5-Year FCF
- 0
Mar 2017
- -28
- Cash from Investing
- 34
- Cash from Financing
- -6
- 1
- Free Cash Flow
- -70
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
Mar 2018
- 4
- Cash from Investing
- -4
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -40
- OCF / Net Profit
- 5.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.23
- Cumulative 5-Year FCF
- 0
Mar 2019
- 11
- Cash from Investing
- -5
- Cash from Financing
- -4
- 2
- Free Cash Flow
- 11
- OCF / Net Profit
- 3.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.98
- Cumulative 5-Year FCF
- 0
Mar 2020
- 5
- Cash from Investing
- 1
- Cash from Financing
- 0
- 6
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- -115
- OCF / Net Profit
- 0.55
- Cumulative 5-Year FCF
- -115
Mar 2021
- 25
- Cash from Investing
- -14
- Cash from Financing
- 0
- 10
- Free Cash Flow
- 24
- OCF / Net Profit
- 3.51
- Cumulative 5-Year FCF
- -70
- OCF / Net Profit
- 3.51
- Cumulative 5-Year FCF
- -70
Mar 2022
- 18
- Cash from Investing
- -35
- Cash from Financing
- 0
- -17
- Free Cash Flow
- 18
- OCF / Net Profit
- 2.75
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- 2.75
- Cumulative 5-Year FCF
- 18
Mar 2023
- -12
- Cash from Investing
- 7
- Cash from Financing
- 4
- -1
- Free Cash Flow
- -12
- OCF / Net Profit
- -2.38
- Cumulative 5-Year FCF
- 46
- OCF / Net Profit
- -2.38
- Cumulative 5-Year FCF
- 46
Mar 2024
- 39
- Cash from Investing
- -33
- Cash from Financing
- -4
- 2
- Free Cash Flow
- 30
- OCF / Net Profit
- 40.34
- Cumulative 5-Year FCF
- 65
- OCF / Net Profit
- 40.34
- Cumulative 5-Year FCF
- 65
Mar 2025
- -8
- Cash from Investing
- 7
- Cash from Financing
- 0
- -1
- Free Cash Flow
- -13
- OCF / Net Profit
- -1.13
- Cumulative 5-Year FCF
- 47
- OCF / Net Profit
- -1.13
- Cumulative 5-Year FCF
- 47
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.36 | -2.56 | 0.07 | 0.25 | 0.76 | 0.63 | 0.58 | 0.46 | 0.09 | 0.62 |
| Book Value (₹) | 23.74 | 21.78 | 22.02 | 23.29 | 23.18 | 25.65 | 27.79 | 26.01 | 30.58 | 30.57 |
| 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 (₹) | 0.40 | -2.46 | 0.17 | 0.34 | 0.85 | 0.71 | 0.66 | 0.54 | 0.17 | 0.70 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 195.80% | 134.95% | 143.52% | 103.94% | 49.98% | 68.58% | 68.34% | 40.41% | 0.50% | 3.44% |
| Net Margin % | 95.18% | -610.74% | 15.02% | 52.23% | 53.16% | 45.22% | 44.32% | 24.64% | 3.25% | 18.99% |
| ROE % | 1.53% | -11.24% | 0.32% | 1.11% | 3.28% | 2.56% | 2.17% | 1.70% | 0.31% | 2.03% |
| ROCE % | 2.87% | -9.78% | 2.52% | 1.80% | 2.72% | 3.53% | 3.02% | 2.45% | 0.85% | 0.80% |
| 1.38% | -10.52% | 0.31% | 1.11% | 3.31% | 2.58% | 2.16% | 1.64% | 0.29% | 1.94% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 66 | 81 | 103 | 87 | 51 | 81 | 91 | 72 | 68 | 71 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 66 | 81 | 103 | 87 | 51 | 81 | 91 | 72 | 68 | 71 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.04x | 0.02x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x |
| Interest Coverage (x) | 3.50x | -13.35x | 9.64x | 8.51x | 34.93x | 50.29x | 42.45x | 19.49x | 10.89x | 13.46x |
| 3.15x | 7.95x | 8.97x | 11.01x | 10.03x | 8.52x | 10.67x | 5.80x | 5.42x | 3.73x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.67% | 10.42% | 9.85% | 5.11% | 196.78% | -3.64% | -5.57% | 42.12% | 43.63% | 22.56% |
| Operating Profit Growth % | 29.56% | -23.89% | 16.82% | -23.88% | 42.71% | 32.22% | -5.91% | -15.96% | -56.52% | -1.88% |
| Net Profit Growth % | -80.95% | -808.53% | 102.70% | 265.52% | 202.04% | -18.03% | -7.45% | -21.00% | -81.05% | 615.99% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -81.06% | 616.17% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 237.30x | 31.33x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.67x | 0.64x |
| 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 | 0.00x | 62.18x | 60.23x |
Mar 2016
- EPS (₹)
- 0.36
- Book Value (₹)
- 23.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.40
- Operating Margin %
- 195.80%
- Net Margin %
- 95.18%
- ROE %
- 1.53%
- ROCE %
- 2.87%
- 1.38%
- Debtor Days
- 66
- Inventory Days
- 0
- Payable Days
- 0
- 66
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 3.50x
- 3.15x
- Revenue Growth %
- 17.67%
- Operating Profit Growth %
- 29.56%
- Net Profit Growth %
- -80.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -2.56
- Book Value (₹)
- 21.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.46
- Operating Margin %
- 134.95%
- Net Margin %
- -610.74%
- ROE %
- -11.24%
- ROCE %
- -9.78%
- -10.52%
- Debtor Days
- 81
- Inventory Days
- 0
- Payable Days
- 0
- 81
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- -13.35x
- 7.95x
- Revenue Growth %
- 10.42%
- Operating Profit Growth %
- -23.89%
- Net Profit Growth %
- -808.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.07
- Book Value (₹)
- 22.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.17
- Operating Margin %
- 143.52%
- Net Margin %
- 15.02%
- ROE %
- 0.32%
- ROCE %
- 2.52%
- 0.31%
- Debtor Days
- 103
- Inventory Days
- 0
- Payable Days
- 0
- 103
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 9.64x
- 8.97x
- Revenue Growth %
- 9.85%
- Operating Profit Growth %
- 16.82%
- Net Profit Growth %
- 102.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.25
- Book Value (₹)
- 23.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.34
- Operating Margin %
- 103.94%
- Net Margin %
- 52.23%
- ROE %
- 1.11%
- ROCE %
- 1.80%
- 1.11%
- Debtor Days
- 87
- Inventory Days
- 0
- Payable Days
- 0
- 87
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 8.51x
- 11.01x
- Revenue Growth %
- 5.11%
- Operating Profit Growth %
- -23.88%
- Net Profit Growth %
- 265.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 0.76
- Book Value (₹)
- 23.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.85
- Operating Margin %
- 49.98%
- Net Margin %
- 53.16%
- ROE %
- 3.28%
- ROCE %
- 2.72%
- 3.31%
- Debtor Days
- 51
- Inventory Days
- 0
- Payable Days
- 0
- 51
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 34.93x
- 10.03x
- Revenue Growth %
- 196.78%
- Operating Profit Growth %
- 42.71%
- Net Profit Growth %
- 202.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 0.63
- Book Value (₹)
- 25.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.71
- Operating Margin %
- 68.58%
- Net Margin %
- 45.22%
- ROE %
- 2.56%
- ROCE %
- 3.53%
- 2.58%
- Debtor Days
- 81
- Inventory Days
- 0
- Payable Days
- 0
- 81
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 50.29x
- 8.52x
- Revenue Growth %
- -3.64%
- Operating Profit Growth %
- 32.22%
- Net Profit Growth %
- -18.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.58
- Book Value (₹)
- 27.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.66
- Operating Margin %
- 68.34%
- Net Margin %
- 44.32%
- ROE %
- 2.17%
- ROCE %
- 3.02%
- 2.16%
- Debtor Days
- 91
- Inventory Days
- 0
- Payable Days
- 0
- 91
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 42.45x
- 10.67x
- Revenue Growth %
- -5.57%
- Operating Profit Growth %
- -5.91%
- Net Profit Growth %
- -7.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.46
- Book Value (₹)
- 26.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.54
- Operating Margin %
- 40.41%
- Net Margin %
- 24.64%
- ROE %
- 1.70%
- ROCE %
- 2.45%
- 1.64%
- Debtor Days
- 72
- Inventory Days
- 0
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 19.49x
- 5.80x
- Revenue Growth %
- 42.12%
- Operating Profit Growth %
- -15.96%
- Net Profit Growth %
- -21.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.09
- Book Value (₹)
- 30.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.17
- Operating Margin %
- 0.50%
- Net Margin %
- 3.25%
- ROE %
- 0.31%
- ROCE %
- 0.85%
- 0.29%
- Debtor Days
- 68
- Inventory Days
- 0
- Payable Days
- 0
- 68
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 10.89x
- 5.42x
- Revenue Growth %
- 43.63%
- Operating Profit Growth %
- -56.52%
- Net Profit Growth %
- -81.05%
- -81.06%
- P/E (x)
- 237.30x
- P/B (x)
- 0.67x
- Dividend Yield %
- 0.00%
- 62.18x
Mar 2025
- EPS (₹)
- 0.62
- Book Value (₹)
- 30.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.70
- Operating Margin %
- 3.44%
- Net Margin %
- 18.99%
- ROE %
- 2.03%
- ROCE %
- 0.80%
- 1.94%
- Debtor Days
- 71
- Inventory Days
- 0
- Payable Days
- 0
- 71
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 13.46x
- 3.73x
- Revenue Growth %
- 22.56%
- Operating Profit Growth %
- -1.88%
- Net Profit Growth %
- 615.99%
- 616.17%
- P/E (x)
- 31.33x
- P/B (x)
- 0.64x
- Dividend Yield %
- 0.00%
- 60.23x
Documents
Announcements
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Annual Reports
Credit Ratings
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