Naperol Investments Ltd.

•

₹ —-%

naperolinvestments.comBSE: -NSE: NATPEROXID

Market Cap₹ 398 Cr.

Current Price—

High / Low—

Stock P/E11.2

Book Value—

Price to Book—

Dividend Yield2.38 %

ROCE1.5 %

ROE0.5 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Peroxygen: 97.5% • Unallocated: 2.3% • Others: 0.2%

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.94x)
Company has been maintaining a healthy dividend payout of 52.9%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (128.5% of PBT)
Company has a low return on capital employed of 2.3%
Company has a low return on equity of 1.5% over last 3 years
Interest coverage is weak at 1.9x - earnings barely cover interest
Company's sales have been declining over the last five years

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

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsChemicals

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.	SOLARINDS	19800.00	89.97	179170.31	0.06	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1650.00	63.40	167935.41	1.30	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2575.00	35.31	76329.39	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4679.55	83.59	51404.86	0.06	219.00	19.02	1588.00	23.97	10.02	26.83
5.	NAVINFLUOR	8281.50	53.80	42484.11	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1217.10	34.87	40998.14	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1767.85	30.78	24112.24	0.42	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1639.40	92.52	21759.40	0.00	627.49	1234.49	3265.57	1172.49	11.65	31.47
9.	ATUL	6581.75	24.36	19377.83	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	526.90	35.99	19112.07	0.19	155.00	260.47	2387.00	42.42	6.39	16.00
11.	DEEPAKFERT	1474.65	18.98	18678.34	0.68	490.04	100.95	3256.26	22.47	12.12	25.96
12.	NATPEROXID	693.35	11.25	398.47	2.38	4.32	-62.15	79.54	4.94	1.06	11.77

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	68	80	50	76	97	115	88	80
	61	69	52	72	90	88	70	70
Operating Profit	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—
Other Income	4	1	2	2	3	3	1	1
Interest	2	2	2	2	2	2	1	0
Depreciation	4	4	4	4	5	6	5	5
	10	12	0	15	4	23	14	6
Tax %	28.30%	27.29%	114.25%	25.61%	19.65%	25.47%	25.28%	24.08%
Net Profit	7	9	-0	11	3	17	11	4
	1	2	-0	20	5	30	18	8
Equity Capital	6	6	6	6	6	6	6	6
Reserves	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%
Equity Capital	6	6	6	6	6	6	6	6
Reserves	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%

Sep 2021

: 68
: 61
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 2
Depreciation: 4
: 10
Tax %: 28.30%
Net Profit: 7
: 1
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 80
: 69
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: 12
Tax %: 27.29%
Net Profit: 9
: 2
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2022

: 50
: 52
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 4
: 0
Tax %: 114.25%
Net Profit: -0
: -0
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2022

: 76
: 72
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 4
: 15
Tax %: 25.61%
Net Profit: 11
: 20
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2022

: 97
: 90
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 5
: 4
Tax %: 19.65%
Net Profit: 3
: 5
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2022

: 115
: 88
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 6
: 23
Tax %: 25.47%
Net Profit: 17
: 30
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2023

: 88
: 70
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 5
: 14
Tax %: 25.28%
Net Profit: 11
: 18
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2023

: 80
: 70
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 5
: 6
Tax %: 24.08%
Net Profit: 4
: 8
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	213	236	197	234	233	306	402	191	215	226	380
	146	174	174	198	163	161	175	166	170	209	318
Operating Profit	72	68	29	44	77	156	246	44	58	27	—
OPM %	34	29	15	19	33	51	61	23	27	12	—
Other Income	5	6	6	8	6	10	19	18	13	10	9
Interest	0	0	5	5	2	1	1	3	13	9	5
Depreciation	11	10	7	9	9	9	9	11	17	17	19
	61	60	17	29	58	147	236	30	12	8	47
Tax %	34	33	60	37	33	35	35	39	-72	32	25
Net Profit	40	40	7	18	39	96	154	18	21	5	35
EPS	0	0	0	0	0	0	0	0	37	9	—
Dividend Payout %	22	22	43	31	51	39	24	40	34	53	—
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	70	70	12	32	67	167	268	31	37	9	—
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	70	70	12	32	67	167	268	31	37	9	—

Mar 2013

: 213
: 146
Operating Profit: 72
OPM %: 34
Other Income: 5
Interest: 0
Depreciation: 11
: 61
Tax %: 34
Net Profit: 40
EPS: 0
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 70
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 70

Mar 2014

: 236
: 174
Operating Profit: 68
OPM %: 29
Other Income: 6
Interest: 0
Depreciation: 10
: 60
Tax %: 33
Net Profit: 40
EPS: 0
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 70
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 70

Mar 2015

: 197
: 174
Operating Profit: 29
OPM %: 15
Other Income: 6
Interest: 5
Depreciation: 7
: 17
Tax %: 60
Net Profit: 7
EPS: 0
Dividend Payout %: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Mar 2016

: 234
: 198
Operating Profit: 44
OPM %: 19
Other Income: 8
Interest: 5
Depreciation: 9
: 29
Tax %: 37
Net Profit: 18
EPS: 0
Dividend Payout %: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 32
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 32

Mar 2017

: 233
: 163
Operating Profit: 77
OPM %: 33
Other Income: 6
Interest: 2
Depreciation: 9
: 58
Tax %: 33
Net Profit: 39
EPS: 0
Dividend Payout %: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67

Mar 2018

: 306
: 161
Operating Profit: 156
OPM %: 51
Other Income: 10
Interest: 1
Depreciation: 9
: 147
Tax %: 35
Net Profit: 96
EPS: 0
Dividend Payout %: 39
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 167
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 167

Mar 2019

: 402
: 175
Operating Profit: 246
OPM %: 61
Other Income: 19
Interest: 1
Depreciation: 9
: 236
Tax %: 35
Net Profit: 154
EPS: 0
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 268
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 268

Mar 2020

: 191
: 166
Operating Profit: 44
OPM %: 23
Other Income: 18
Interest: 3
Depreciation: 11
: 30
Tax %: 39
Net Profit: 18
EPS: 0
Dividend Payout %: 40
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31

Mar 2021

: 215
: 170
Operating Profit: 58
OPM %: 27
Other Income: 13
Interest: 13
Depreciation: 17
: 12
Tax %: -72
Net Profit: 21
EPS: 37
Dividend Payout %: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37

Mar 2022

: 226
: 209
Operating Profit: 27
OPM %: 12
Other Income: 10
Interest: 9
Depreciation: 17
: 8
Tax %: 32
Net Profit: 5
EPS: 9
Dividend Payout %: 53
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

TTM

: 380
: 318
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 5
Depreciation: 19
: 47
Tax %: 25
Net Profit: 35
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:: 4%
5 Years:: -1%
3 Years:: -17%

COMPOUNDED PROFIT GROWTH

10 Years:: -15%
5 Years:: -32%
3 Years:: -67%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 6%
3 Years:: 2%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	6	6	6	6	6	6	6	6	6	6
	174	204	207	218	736	1,011	1,168	796	1,061	905
	1	4	23	0	1	0	10	161	125	80
Trade Payables	25	23	25	18	19	20	24	19	20	14
	32	55	166	157	46	56	135	253	231	242
Total Liabilities	238	291	426	400	807	1,093	1,342	1,235	1,442	1,247
ASSETS	-	-	-	-	-	-	-	-	-	-
	110	117	187	180	178	170	166	372	342	338
Capital Work in Progress	3	41	4	3	2	6	75	0	3	4
	60	13	13	10	538	762	750	492	746	655
	8	24	16	14	11	15	32	24	17	29
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	1	1	1	2	0	4	15	3	7	2
	55	95	205	191	78	137	304	343	327	219
Total Assets	238	291	426	400	807	1,093	1,342	1,235	1,442	1,247
Total Debt	1	4	73	30	11	0	80	161	125	94
Net Working Capital	72	52	67	72	91	170	274	-28	5	17
Contingent Liabilities	0	0	0	1	3	3	0	0	11	11
Book Value per Share	312.87	364.82	369.69	389.76	1290.39	1769.37	2042.43	1395.69	1856.21	1584.48
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	1	4	73	30	11	0	80	161	125	94
Net Working Capital	72	52	67	72	91	170	274	-28	5	17
Contingent Liabilities	0	0	0	1	3	3	0	0	11	11
Book Value per Share	312.87	364.82	369.69	389.76	1290.39	1769.37	2042.43	1395.69	1856.21	1584.48
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2013

Equity Capital: 6
: 174
: 1
Trade Payables: 25
: 32
Total Liabilities: 238
: 110
Capital Work in Progress: 3
: 60
: 8
: 0
Cash & Bank: 1
: 55
Total Assets: 238
Total Debt: 1
Net Working Capital: 72
Contingent Liabilities: 0
Book Value per Share: 312.87
Face Value: 10.00
Total Debt: 1
Net Working Capital: 72
Contingent Liabilities: 0
Book Value per Share: 312.87
Face Value: 10.00

Mar 2014

Equity Capital: 6
: 204
: 4
Trade Payables: 23
: 55
Total Liabilities: 291
: 117
Capital Work in Progress: 41
: 13
: 24
: 0
Cash & Bank: 1
: 95
Total Assets: 291
Total Debt: 4
Net Working Capital: 52
Contingent Liabilities: 0
Book Value per Share: 364.82
Face Value: 10.00
Total Debt: 4
Net Working Capital: 52
Contingent Liabilities: 0
Book Value per Share: 364.82
Face Value: 10.00

Mar 2015

Equity Capital: 6
: 207
: 23
Trade Payables: 25
: 166
Total Liabilities: 426
: 187
Capital Work in Progress: 4
: 13
: 16
: 0
Cash & Bank: 1
: 205
Total Assets: 426
Total Debt: 73
Net Working Capital: 67
Contingent Liabilities: 0
Book Value per Share: 369.69
Face Value: 10.00
Total Debt: 73
Net Working Capital: 67
Contingent Liabilities: 0
Book Value per Share: 369.69
Face Value: 10.00

Mar 2016

Equity Capital: 6
: 218
: 0
Trade Payables: 18
: 157
Total Liabilities: 400
: 180
Capital Work in Progress: 3
: 10
: 14
: 0
Cash & Bank: 2
: 191
Total Assets: 400
Total Debt: 30
Net Working Capital: 72
Contingent Liabilities: 1
Book Value per Share: 389.76
Face Value: 10.00
Total Debt: 30
Net Working Capital: 72
Contingent Liabilities: 1
Book Value per Share: 389.76
Face Value: 10.00

Mar 2017

Equity Capital: 6
: 736
: 1
Trade Payables: 19
: 46
Total Liabilities: 807
: 178
Capital Work in Progress: 2
: 538
: 11
: 0
Cash & Bank: 0
: 78
Total Assets: 807
Total Debt: 11
Net Working Capital: 91
Contingent Liabilities: 3
Book Value per Share: 1290.39
Face Value: 10.00
Total Debt: 11
Net Working Capital: 91
Contingent Liabilities: 3
Book Value per Share: 1290.39
Face Value: 10.00

Mar 2018

Equity Capital: 6
: 1,011
: 0
Trade Payables: 20
: 56
Total Liabilities: 1,093
: 170
Capital Work in Progress: 6
: 762
: 15
: 0
Cash & Bank: 4
: 137
Total Assets: 1,093
Total Debt: 0
Net Working Capital: 170
Contingent Liabilities: 3
Book Value per Share: 1769.37
Face Value: 10.00
Total Debt: 0
Net Working Capital: 170
Contingent Liabilities: 3
Book Value per Share: 1769.37
Face Value: 10.00

Mar 2019

Equity Capital: 6
: 1,168
: 10
Trade Payables: 24
: 135
Total Liabilities: 1,342
: 166
Capital Work in Progress: 75
: 750
: 32
: 0
Cash & Bank: 15
: 304
Total Assets: 1,342
Total Debt: 80
Net Working Capital: 274
Contingent Liabilities: 0
Book Value per Share: 2042.43
Face Value: 10.00
Total Debt: 80
Net Working Capital: 274
Contingent Liabilities: 0
Book Value per Share: 2042.43
Face Value: 10.00

Mar 2020

Equity Capital: 6
: 796
: 161
Trade Payables: 19
: 253
Total Liabilities: 1,235
: 372
Capital Work in Progress: 0
: 492
: 24
: 0
Cash & Bank: 3
: 343
Total Assets: 1,235
Total Debt: 161
Net Working Capital: -28
Contingent Liabilities: 0
Book Value per Share: 1395.69
Face Value: 10.00
Total Debt: 161
Net Working Capital: -28
Contingent Liabilities: 0
Book Value per Share: 1395.69
Face Value: 10.00

Mar 2021

Equity Capital: 6
: 1,061
: 125
Trade Payables: 20
: 231
Total Liabilities: 1,442
: 342
Capital Work in Progress: 3
: 746
: 17
: 0
Cash & Bank: 7
: 327
Total Assets: 1,442
Total Debt: 125
Net Working Capital: 5
Contingent Liabilities: 11
Book Value per Share: 1856.21
Face Value: 10.00
Total Debt: 125
Net Working Capital: 5
Contingent Liabilities: 11
Book Value per Share: 1856.21
Face Value: 10.00

Mar 2022

Equity Capital: 6
: 905
: 80
Trade Payables: 14
: 242
Total Liabilities: 1,247
: 338
Capital Work in Progress: 4
: 655
: 29
: 0
Cash & Bank: 2
: 219
Total Assets: 1,247
Total Debt: 94
Net Working Capital: 17
Contingent Liabilities: 11
Book Value per Share: 1584.48
Face Value: 10.00
Total Debt: 94
Net Working Capital: 17
Contingent Liabilities: 11
Book Value per Share: 1584.48
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	42	29	21	22	60	95	148	16	61	9
Cash from Investing	-30	-22	-75	30	-33	-56	-175	-39	-7	34
Cash from Financing	-13	-7	54	-51	-28	-35	35	14	-49	-49
	-1	0	1	0	-1	3	8	-9	5	-6
Free Cash Flow	38	-22	-20	22	60	90	73	-126	61	-5
OCF / Net Profit	1.05	0.73	3.22	1.21	1.55	0.99	0.96	0.90	2.88	1.73
Cumulative 5-Year FCF	0	0	0	0	78	131	225	119	158	94
OCF / Net Profit	1.05	0.73	3.22	1.21	1.55	0.99	0.96	0.90	2.88	1.73
Cumulative 5-Year FCF	0	0	0	0	78	131	225	119	158	94

Mar 2013

: 42
Cash from Investing: -30
Cash from Financing: -13
: -1
Free Cash Flow: 38
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: 0

Mar 2014

: 29
Cash from Investing: -22
Cash from Financing: -7
: 0
Free Cash Flow: -22
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.73
Cumulative 5-Year FCF: 0

Mar 2015

: 21
Cash from Investing: -75
Cash from Financing: 54
: 1
Free Cash Flow: -20
OCF / Net Profit: 3.22
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.22
Cumulative 5-Year FCF: 0

Mar 2016

: 22
Cash from Investing: 30
Cash from Financing: -51
: 0
Free Cash Flow: 22
OCF / Net Profit: 1.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.21
Cumulative 5-Year FCF: 0

Mar 2017

: 60
Cash from Investing: -33
Cash from Financing: -28
: -1
Free Cash Flow: 60
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 78
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 78

Mar 2018

: 95
Cash from Investing: -56
Cash from Financing: -35
: 3
Free Cash Flow: 90
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 131
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 131

Mar 2019

: 148
Cash from Investing: -175
Cash from Financing: 35
: 8
Free Cash Flow: 73
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 225
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 225

Mar 2020

: 16
Cash from Investing: -39
Cash from Financing: 14
: -9
Free Cash Flow: -126
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 119
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 119

Mar 2021

: 61
Cash from Investing: -7
Cash from Financing: -49
: 5
Free Cash Flow: 61
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 158
OCF / Net Profit: 2.88
Cumulative 5-Year FCF: 158

Mar 2022

: 9
Cash from Investing: 34
Cash from Financing: -49
: -6
Free Cash Flow: -5
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 94
OCF / Net Profit: 1.73
Cumulative 5-Year FCF: 94

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	69.71	69.50	11.62	32.10	67.23	166.76	267.61	31.17	36.85	9.45
Book Value (₹)	312.87	364.82	369.69	389.76	1290.39	1769.37	2042.43	1395.69	1856.21	1584.48
Dividend per Share (₹)	15.00	15.00	5.00	10.00	34.00	65.00	65.00	12.50	12.50	5.00
Cash EPS (₹)	88.85	86.44	24.17	47.69	82.76	182.75	283.68	50.71	67.30	39.79
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	30.27%	26.10%	13.11%	17.03%	29.22%	49.42%	61.15%	22.76%	25.76%	11.67%
Net Margin %	16.83%	15.23%	3.04%	7.07%	14.73%	30.44%	38.23%	9.37%	9.42%	2.33%
ROE %	24.31%	20.51%	3.16%	8.45%	8.00%	10.90%	14.04%	1.81%	2.27%	0.55%
ROCE %	36.35%	30.38%	8.63%	12.81%	11.92%	16.67%	20.86%	2.91%	2.32%	1.53%
	16.16%	15.10%	1.86%	4.47%	6.40%	10.09%	12.63%	1.39%	1.58%	0.40%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	43	45	58	49	46	50	38	60	46	33
Inventory Days	15	22	33	21	18	15	21	54	34	36
Payable Days	157	131	118	99	112	88	93	95	91	57
	-99	-64	-26	-29	-49	-23	-34	19	-12	13
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.01x	0.02x	0.34x	0.14x	0.01x	0.00x	0.07x	0.20x	0.12x	0.10x
Interest Coverage (x)	175.83x	276.84x	4.60x	6.42x	27.16x	291.52x	323.92x	11.80x	1.97x	1.90x
	2.78x	1.84x	1.88x	2.47x	3.36x	5.32x	5.69x	0.87x	1.03x	1.15x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	37.66%	10.79%	-16.58%	18.93%	-0.39%	31.41%	31.33%	-52.46%	12.43%	5.08%
Operating Profit Growth %	44.98%	-4.97%	-58.01%	54.59%	72.45%	103.02%	58.07%	-82.31%	33.12%	-53.02%
Net Profit Growth %	43.80%	-0.30%	-83.29%	176.38%	109.42%	148.06%	60.48%	-88.35%	18.20%	-74.36%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
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	0.00x	0.00x

Mar 2013

EPS (₹): 69.71
Book Value (₹): 312.87
Dividend per Share (₹): 15.00
Cash EPS (₹): 88.85
Operating Margin %: 30.27%
Net Margin %: 16.83%
ROE %: 24.31%
ROCE %: 36.35%
: 16.16%
Debtor Days: 43
Inventory Days: 15
Payable Days: 157
: -99
Debt to Equity (x): 0.01x
Interest Coverage (x): 175.83x
: 2.78x
Revenue Growth %: 37.66%
Operating Profit Growth %: 44.98%
Net Profit Growth %: 43.80%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2014

EPS (₹): 69.50
Book Value (₹): 364.82
Dividend per Share (₹): 15.00
Cash EPS (₹): 86.44
Operating Margin %: 26.10%
Net Margin %: 15.23%
ROE %: 20.51%
ROCE %: 30.38%
: 15.10%
Debtor Days: 45
Inventory Days: 22
Payable Days: 131
: -64
Debt to Equity (x): 0.02x
Interest Coverage (x): 276.84x
: 1.84x
Revenue Growth %: 10.79%
Operating Profit Growth %: -4.97%
Net Profit Growth %: -0.30%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2015

EPS (₹): 11.62
Book Value (₹): 369.69
Dividend per Share (₹): 5.00
Cash EPS (₹): 24.17
Operating Margin %: 13.11%
Net Margin %: 3.04%
ROE %: 3.16%
ROCE %: 8.63%
: 1.86%
Debtor Days: 58
Inventory Days: 33
Payable Days: 118
: -26
Debt to Equity (x): 0.34x
Interest Coverage (x): 4.60x
: 1.88x
Revenue Growth %: -16.58%
Operating Profit Growth %: -58.01%
Net Profit Growth %: -83.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2016

EPS (₹): 32.10
Book Value (₹): 389.76
Dividend per Share (₹): 10.00
Cash EPS (₹): 47.69
Operating Margin %: 17.03%
Net Margin %: 7.07%
ROE %: 8.45%
ROCE %: 12.81%
: 4.47%
Debtor Days: 49
Inventory Days: 21
Payable Days: 99
: -29
Debt to Equity (x): 0.14x
Interest Coverage (x): 6.42x
: 2.47x
Revenue Growth %: 18.93%
Operating Profit Growth %: 54.59%
Net Profit Growth %: 176.38%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 67.23
Book Value (₹): 1290.39
Dividend per Share (₹): 34.00
Cash EPS (₹): 82.76
Operating Margin %: 29.22%
Net Margin %: 14.73%
ROE %: 8.00%
ROCE %: 11.92%
: 6.40%
Debtor Days: 46
Inventory Days: 18
Payable Days: 112
: -49
Debt to Equity (x): 0.01x
Interest Coverage (x): 27.16x
: 3.36x
Revenue Growth %: -0.39%
Operating Profit Growth %: 72.45%
Net Profit Growth %: 109.42%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 166.76
Book Value (₹): 1769.37
Dividend per Share (₹): 65.00
Cash EPS (₹): 182.75
Operating Margin %: 49.42%
Net Margin %: 30.44%
ROE %: 10.90%
ROCE %: 16.67%
: 10.09%
Debtor Days: 50
Inventory Days: 15
Payable Days: 88
: -23
Debt to Equity (x): 0.00x
Interest Coverage (x): 291.52x
: 5.32x
Revenue Growth %: 31.41%
Operating Profit Growth %: 103.02%
Net Profit Growth %: 148.06%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 267.61
Book Value (₹): 2042.43
Dividend per Share (₹): 65.00
Cash EPS (₹): 283.68
Operating Margin %: 61.15%
Net Margin %: 38.23%
ROE %: 14.04%
ROCE %: 20.86%
: 12.63%
Debtor Days: 38
Inventory Days: 21
Payable Days: 93
: -34
Debt to Equity (x): 0.07x
Interest Coverage (x): 323.92x
: 5.69x
Revenue Growth %: 31.33%
Operating Profit Growth %: 58.07%
Net Profit Growth %: 60.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 31.17
Book Value (₹): 1395.69
Dividend per Share (₹): 12.50
Cash EPS (₹): 50.71
Operating Margin %: 22.76%
Net Margin %: 9.37%
ROE %: 1.81%
ROCE %: 2.91%
: 1.39%
Debtor Days: 60
Inventory Days: 54
Payable Days: 95
: 19
Debt to Equity (x): 0.20x
Interest Coverage (x): 11.80x
: 0.87x
Revenue Growth %: -52.46%
Operating Profit Growth %: -82.31%
Net Profit Growth %: -88.35%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 36.85
Book Value (₹): 1856.21
Dividend per Share (₹): 12.50
Cash EPS (₹): 67.30
Operating Margin %: 25.76%
Net Margin %: 9.42%
ROE %: 2.27%
ROCE %: 2.32%
: 1.58%
Debtor Days: 46
Inventory Days: 34
Payable Days: 91
: -12
Debt to Equity (x): 0.12x
Interest Coverage (x): 1.97x
: 1.03x
Revenue Growth %: 12.43%
Operating Profit Growth %: 33.12%
Net Profit Growth %: 18.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 9.45
Book Value (₹): 1584.48
Dividend per Share (₹): 5.00
Cash EPS (₹): 39.79
Operating Margin %: 11.67%
Net Margin %: 2.33%
ROE %: 0.55%
ROCE %: 1.53%
: 0.40%
Debtor Days: 33
Inventory Days: 36
Payable Days: 57
: 13
Debt to Equity (x): 0.10x
Interest Coverage (x): 1.90x
: 1.15x
Revenue Growth %: 5.08%
Operating Profit Growth %: -53.02%
Net Profit Growth %: -74.36%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.76	70.76	70.76	70.76	70.76	70.76	70.76	70.76	70.76
	0.67	1.91	1.98	1.98	1.76	1.76	1.76	1.76	1.76
	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.56	27.32	27.25	27.25	27.47	27.46	27.47	27.48	27.48

Jun 2024

: 70.76
: 0.67
: 0.01
Government: 0.00
: 28.56

Sep 2024

: 70.76
: 1.91
: 0.01
Government: 0.00
: 27.32

Dec 2024

: 70.76
: 1.98
: 0.01
Government: 0.00
: 27.25

Mar 2025

: 70.76
: 1.98
: 0.01
Government: 0.00
: 27.25

Jun 2025

: 70.76
: 1.76
: 0.01
Government: 0.00
: 27.47

Sep 2025

: 70.76
: 1.76
: 0.01
Government: 0.00
: 27.46

Dec 2025

: 70.76
: 1.76
: 0.01
Government: 0.00
: 27.47

Mar 2026

: 70.76
: 1.76
: 0.00
Government: 0.00
: 27.48

Jun 2026

: 70.76
: 1.76
: 0.00
Government: 0.00
: 27.48

Documents

Announcements

Nothing filed yet.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.