NTC Industries Ltd.
•₹ 1400.24%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • FMCG - Cigarettes: 53.7% • FMCG - Foods & Beverages: 32.4% • Rental Income: 13.0% • Others: 0.8%
PROS
- Company has delivered good sales growth of 31.4% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.23x)
- Working capital cycle has improved - days down from 328 to 221
- Stock looks reasonably valued - P/E of 10.1 is below its historical median
- Company generates healthy free cash flow
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (47.8% of PBT)
- Promoter holding has decreased over last 2 years: -11.6pp
- Company has a low return on capital employed of 8.7%
- Company has a low return on equity of 7.3% over last 3 years
- Recent results are weak - TTM profit is down 10.7% versus prior year
* 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. | ITC | 271.25 | 17.13 | 339870.34 | 5.35 | 4508.79 | -15.62 | 29523.30 | 28.32 | 38.83 | 17.84 |
| 2. | GODFRYPHLP | 2105.00 | 24.00 | 32834.16 | 2.38 | 1983.90 | 456.84 | 38195.60 | 2020.43 | 33.70 | 5.49 |
| 3. | VSTIND | 212.60 | 58.24 | 3611.25 | 5.64 | 42.42 | -24.43 | 861.71 | 109.08 | 28.18 | 5.76 |
| 4. | IWP | 34.55 | 37.33 | 221.03 | 0.58 | 2.51 | 118.28 | 65.19 | 26.76 | 3.36 | 8.02 |
| 5. | NTCIND | 139.05 | 10.09 | 201.89 | 0.00 | 6.12 | 7.99 | 26.63 | 3.21 | 11.14 | 24.79 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 7 | 4 | 10 | 5 | 12 | 11 | 20 | 26 | 23 | 24 | 28 | 27 | |
| 10 | 8 | 10 | 12 | 6 | 13 | 11 | 18 | 24 | 22 | 23 | 25 | 22 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 4 | 4 | 3 | 3 | 2 | 3 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 3 | 1 | -2 | 2 | 2 | 3 | 7 | 8 | 5 | 5 | 7 | 8 | |
| Tax % | 15.74% | 13.78% | -1.60% | -26.70% | 20.00% | 20.08% | 12.69% | 23.80% | 25.10% | 20.15% | 25.92% | 23.15% | 24.58% |
| Net Profit | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 6 | 6 | 4 | 4 | 6 | 6 |
| 3 | 2 | 1 | -2 | 1 | 2 | 2 | 3 | 4 | 4 | 3 | 4 | 0 | |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 14 | 15 | 15 | 15 | 15 | 15 | 15 |
| 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 | 12 | 12 | 12 | 12 | 12 | 12 | 14 | 15 | 15 | 15 | 15 | 15 | 15 |
| 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
- 10
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 15.74%
- Net Profit
- 0
- 3
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 7
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 13.78%
- Net Profit
- 0
- 2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 4
- 10
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- -1.60%
- Net Profit
- 0
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 10
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- -2
- Tax %
- -26.70%
- Net Profit
- 0
- -2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 5
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 20.00%
- Net Profit
- 2
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 12
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- 20.08%
- Net Profit
- 2
- 2
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 11
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 0
- 3
- Tax %
- 12.69%
- Net Profit
- 2
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 20
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 0
- 7
- Tax %
- 23.80%
- Net Profit
- 6
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 26
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 0
- 8
- Tax %
- 25.10%
- Net Profit
- 6
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 23
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 0
- 5
- Tax %
- 20.15%
- Net Profit
- 4
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 24
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 0
- 5
- Tax %
- 25.92%
- Net Profit
- 4
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 28
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 0
- 7
- Tax %
- 23.15%
- Net Profit
- 6
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 27
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 0
- 8
- Tax %
- 24.58%
- Net Profit
- 6
- 0
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 24 | 22 | 21 | 29 | 31 | 49 | 42 | 60 | 113 | 102 | |
| 17 | 18 | 17 | 20 | 19 | 23 | 43 | 37 | 46 | 91 | 93 | |
| Operating Profit | 10 | 11 | 15 | 7 | 15 | 14 | 11 | 12 | 22 | 34 | — |
| OPM % | 45 | 45 | 68 | 33 | 51 | 45 | 23 | 29 | 36 | 30 | — |
| Other Income | 4 | 5 | 10 | 6 | 4 | 6 | 5 | 7 | 8 | 12 | 11 |
| Interest | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 6 | 6 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| 5 | 5 | 11 | 6 | 12 | 12 | 9 | 7 | 14 | 26 | 26 | |
| Tax % | 25 | 21 | 22 | 21 | 33 | 22 | 28 | 25 | 20 | 24 | 24 |
| Net Profit | 4 | 4 | 9 | 4 | 8 | 9 | 6 | 5 | 11 | 20 | 20 |
| EPS | 0 | 0 | 0 | 4 | 7 | 8 | 5 | 4 | 8 | 13 | — |
| 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 | 4 | 3 | 8 | 4 | 7 | 8 | 5 | 4 | 8 | 13 | — |
| 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 | 4 | 3 | 8 | 4 | 7 | 8 | 5 | 4 | 8 | 13 | — |
Mar 2017
- 23
- 17
- Operating Profit
- 10
- OPM %
- 45
- Other Income
- 4
- Interest
- 3
- Depreciation
- 2
- 5
- Tax %
- 25
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2018
- 24
- 18
- Operating Profit
- 11
- OPM %
- 45
- Other Income
- 5
- Interest
- 2
- Depreciation
- 2
- 5
- Tax %
- 21
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 22
- 17
- Operating Profit
- 15
- OPM %
- 68
- Other Income
- 10
- Interest
- 2
- Depreciation
- 2
- 11
- Tax %
- 22
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2020
- 21
- 20
- Operating Profit
- 7
- OPM %
- 33
- Other Income
- 6
- Interest
- 1
- Depreciation
- 2
- 6
- Tax %
- 21
- Net Profit
- 4
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2021
- 29
- 19
- Operating Profit
- 15
- OPM %
- 51
- Other Income
- 4
- Interest
- 1
- Depreciation
- 2
- 12
- Tax %
- 33
- Net Profit
- 8
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2022
- 31
- 23
- Operating Profit
- 14
- OPM %
- 45
- Other Income
- 6
- Interest
- 0
- Depreciation
- 2
- 12
- Tax %
- 22
- Net Profit
- 9
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2023
- 49
- 43
- Operating Profit
- 11
- OPM %
- 23
- Other Income
- 5
- Interest
- 0
- Depreciation
- 2
- 9
- Tax %
- 28
- Net Profit
- 6
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 42
- 37
- Operating Profit
- 12
- OPM %
- 29
- Other Income
- 7
- Interest
- 0
- Depreciation
- 2
- 7
- Tax %
- 25
- Net Profit
- 5
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 60
- 46
- Operating Profit
- 22
- OPM %
- 36
- Other Income
- 8
- Interest
- 6
- Depreciation
- 2
- 14
- Tax %
- 20
- Net Profit
- 11
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2026
- 113
- 91
- Operating Profit
- 34
- OPM %
- 30
- Other Income
- 12
- Interest
- 6
- Depreciation
- 1
- 26
- Tax %
- 24
- Net Profit
- 20
- EPS
- 13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 102
- 93
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 6
- Depreciation
- 1
- 26
- Tax %
- 24
- Net Profit
- 20
- 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:
- 20%
- 5 Years:
- 31%
- 3 Years:
- 32%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 27%
- 5 Years:
- 19%
- 3 Years:
- 46%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 10%
- 5 Years:
- 8%
- 3 Years:
- 7%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 15 | 15 |
| 31 | 35 | 43 | 46 | 59 | 71 | 77 | 91 | 196 | 195 | |
| 3 | 3 | 2 | 2 | 2 | 4 | 5 | 46 | 3 | 4 | |
| Trade Payables | 3 | 2 | 1 | 3 | 7 | 2 | 2 | 3 | 7 | 9 |
| 35 | 32 | 25 | 25 | 25 | 21 | 24 | 19 | 109 | 99 | |
| Total Liabilities | 83 | 82 | 82 | 87 | 105 | 109 | 120 | 171 | 330 | 322 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 35 | 34 | 31 | 30 | 28 | 29 | 8 | 9 | 8 | 8 | |
| Capital Work in Progress | 1 | 1 | 1 | 2 | 4 | 2 | 6 | 1 | 1 | 2 |
| 5 | 4 | 4 | 2 | 2 | 4 | 5 | 16 | 108 | 87 | |
| 4 | 3 | 2 | 3 | 8 | 4 | 7 | 6 | 9 | 11 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 12 | 11 | |
| Cash & Bank | 1 | 2 | 1 | 1 | 7 | 1 | 3 | 1 | 2 | 3 |
| 37 | 39 | 43 | 49 | 56 | 68 | 91 | 130 | 190 | 201 | |
| Total Assets | 83 | 82 | 82 | 87 | 105 | 109 | 120 | 171 | 330 | 322 |
| Total Debt | 24 | 17 | 12 | 7 | 4 | 6 | 7 | 46 | 80 | 77 |
| Net Working Capital | 16 | 22 | 28 | 27 | 37 | 48 | 51 | -43 | 56 | 70 |
| Contingent Liabilities | 474 | 401 | 0 | 434 | 434 | 434 | 34 | 33 | 33 | 33 |
| Book Value per Share | 38.97 | 42.62 | 50.18 | 52.86 | 59.35 | 69.14 | 74.38 | 85.91 | 144.76 | 144.57 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 24 | 17 | 12 | 7 | 4 | 6 | 7 | 46 | 80 | 77 |
| Net Working Capital | 16 | 22 | 28 | 27 | 37 | 48 | 51 | -43 | 56 | 70 |
| Contingent Liabilities | 474 | 401 | 0 | 434 | 434 | 434 | 34 | 33 | 33 | 33 |
| Book Value per Share | 38.97 | 42.62 | 50.18 | 52.86 | 59.35 | 69.14 | 74.38 | 85.91 | 144.76 | 144.57 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 11
- 31
- 3
- Trade Payables
- 3
- 35
- Total Liabilities
- 83
- 35
- Capital Work in Progress
- 1
- 5
- 4
- 0
- Cash & Bank
- 1
- 37
- Total Assets
- 83
- Total Debt
- 24
- Net Working Capital
- 16
- Contingent Liabilities
- 474
- Book Value per Share
- 38.97
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- 16
- Contingent Liabilities
- 474
- Book Value per Share
- 38.97
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 11
- 35
- 3
- Trade Payables
- 2
- 32
- Total Liabilities
- 82
- 34
- Capital Work in Progress
- 1
- 4
- 3
- 0
- Cash & Bank
- 2
- 39
- Total Assets
- 82
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 401
- Book Value per Share
- 42.62
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 22
- Contingent Liabilities
- 401
- Book Value per Share
- 42.62
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 11
- 43
- 2
- Trade Payables
- 1
- 25
- Total Liabilities
- 82
- 31
- Capital Work in Progress
- 1
- 4
- 2
- 0
- Cash & Bank
- 1
- 43
- Total Assets
- 82
- Total Debt
- 12
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 50.18
- Face Value
- 10.00
- Total Debt
- 12
- Net Working Capital
- 28
- Contingent Liabilities
- 0
- Book Value per Share
- 50.18
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 11
- 46
- 2
- Trade Payables
- 3
- 25
- Total Liabilities
- 87
- 30
- Capital Work in Progress
- 2
- 2
- 3
- 0
- Cash & Bank
- 1
- 49
- Total Assets
- 87
- Total Debt
- 7
- Net Working Capital
- 27
- Contingent Liabilities
- 434
- Book Value per Share
- 52.86
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 27
- Contingent Liabilities
- 434
- Book Value per Share
- 52.86
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 12
- 59
- 2
- Trade Payables
- 7
- 25
- Total Liabilities
- 105
- 28
- Capital Work in Progress
- 4
- 2
- 8
- 0
- Cash & Bank
- 7
- 56
- Total Assets
- 105
- Total Debt
- 4
- Net Working Capital
- 37
- Contingent Liabilities
- 434
- Book Value per Share
- 59.35
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 37
- Contingent Liabilities
- 434
- Book Value per Share
- 59.35
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 12
- 71
- 4
- Trade Payables
- 2
- 21
- Total Liabilities
- 109
- 29
- Capital Work in Progress
- 2
- 4
- 4
- 0
- Cash & Bank
- 1
- 68
- Total Assets
- 109
- Total Debt
- 6
- Net Working Capital
- 48
- Contingent Liabilities
- 434
- Book Value per Share
- 69.14
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 48
- Contingent Liabilities
- 434
- Book Value per Share
- 69.14
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 12
- 77
- 5
- Trade Payables
- 2
- 24
- Total Liabilities
- 120
- 8
- Capital Work in Progress
- 6
- 5
- 7
- 0
- Cash & Bank
- 3
- 91
- Total Assets
- 120
- Total Debt
- 7
- Net Working Capital
- 51
- Contingent Liabilities
- 34
- Book Value per Share
- 74.38
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 51
- Contingent Liabilities
- 34
- Book Value per Share
- 74.38
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 12
- 91
- 46
- Trade Payables
- 3
- 19
- Total Liabilities
- 171
- 9
- Capital Work in Progress
- 1
- 16
- 6
- 8
- Cash & Bank
- 1
- 130
- Total Assets
- 171
- Total Debt
- 46
- Net Working Capital
- -43
- Contingent Liabilities
- 33
- Book Value per Share
- 85.91
- Face Value
- 10.00
- Total Debt
- 46
- Net Working Capital
- -43
- Contingent Liabilities
- 33
- Book Value per Share
- 85.91
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 15
- 196
- 3
- Trade Payables
- 7
- 109
- Total Liabilities
- 330
- 8
- Capital Work in Progress
- 1
- 108
- 9
- 12
- Cash & Bank
- 2
- 190
- Total Assets
- 330
- Total Debt
- 80
- Net Working Capital
- 56
- Contingent Liabilities
- 33
- Book Value per Share
- 144.76
- Face Value
- 10.00
- Total Debt
- 80
- Net Working Capital
- 56
- Contingent Liabilities
- 33
- Book Value per Share
- 144.76
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 15
- 195
- 4
- Trade Payables
- 9
- 99
- Total Liabilities
- 322
- 8
- Capital Work in Progress
- 2
- 87
- 11
- 11
- Cash & Bank
- 3
- 201
- Total Assets
- 322
- Total Debt
- 77
- Net Working Capital
- 70
- Contingent Liabilities
- 33
- Book Value per Share
- 144.57
- Face Value
- 10.00
- Total Debt
- 77
- Net Working Capital
- 70
- Contingent Liabilities
- 33
- Book Value per Share
- 144.57
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 2 | -4 | 1 | 2 | 3 | 4 | 90 | -2 | -8 | |
| Cash from Investing | 2 | 4 | 11 | 5 | 1 | -6 | -3 | -90 | -29 | 16 |
| Cash from Financing | -8 | -5 | -7 | -6 | 3 | -3 | -1 | -1 | 30 | -8 |
| 0 | 1 | -1 | 0 | 6 | -5 | 0 | 0 | -1 | 0 | |
| Free Cash Flow | 5 | 2 | -4 | 0 | -1 | 2 | 4 | 90 | -2 | -9 |
| OCF / Net Profit | 1.58 | 0.68 | -0.51 | 0.29 | 0.21 | 0.35 | 0.60 | 17.88 | -0.18 | -0.41 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2 | -1 | 1 | 96 | 93 | 85 |
| OCF / Net Profit | 1.58 | 0.68 | -0.51 | 0.29 | 0.21 | 0.35 | 0.60 | 17.88 | -0.18 | -0.41 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2 | -1 | 1 | 96 | 93 | 85 |
Mar 2017
- 6
- Cash from Investing
- 2
- Cash from Financing
- -8
- 0
- Free Cash Flow
- 5
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.58
- Cumulative 5-Year FCF
- 0
Mar 2018
- 2
- Cash from Investing
- 4
- Cash from Financing
- -5
- 1
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.68
- Cumulative 5-Year FCF
- 0
Mar 2019
- -4
- Cash from Investing
- 11
- Cash from Financing
- -7
- -1
- Free Cash Flow
- -4
- OCF / Net Profit
- -0.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.51
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1
- Cash from Investing
- 5
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
Mar 2021
- 2
- Cash from Investing
- 1
- Cash from Financing
- 3
- 6
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 2
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 2
Mar 2022
- 3
- Cash from Investing
- -6
- Cash from Financing
- -3
- -5
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- -1
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- -1
Mar 2023
- 4
- Cash from Investing
- -3
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 4
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 1
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 1
Mar 2024
- 90
- Cash from Investing
- -90
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 90
- OCF / Net Profit
- 17.88
- Cumulative 5-Year FCF
- 96
- OCF / Net Profit
- 17.88
- Cumulative 5-Year FCF
- 96
Mar 2025
- -2
- Cash from Investing
- -29
- Cash from Financing
- 30
- -1
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 93
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 93
Mar 2026
- -8
- Cash from Investing
- 16
- Cash from Financing
- -8
- 0
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.41
- Cumulative 5-Year FCF
- 85
- OCF / Net Profit
- -0.41
- Cumulative 5-Year FCF
- 85
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.55 | 3.43 | 8.02 | 4.10 | 6.73 | 7.55 | 5.30 | 4.24 | 7.83 | 13.47 |
| Book Value (₹) | 38.97 | 42.62 | 50.18 | 52.86 | 59.35 | 69.14 | 74.38 | 85.91 | 144.76 | 144.57 |
| 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 (₹) | 5.28 | 5.18 | 9.77 | 5.89 | 8.32 | 9.25 | 7.00 | 6.00 | 8.90 | 14.49 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 32.77% | 41.69% | 66.79% | 31.28% | 47.86% | 41.99% | 21.61% | 10.22% | 22.52% | 18.39% |
| Net Margin % | 12.21% | 14.34% | 38.94% | 19.87% | 26.21% | 27.21% | 12.11% | 11.14% | 18.12% | 16.86% |
| ROE % | 9.98% | 8.40% | 17.28% | 7.97% | 12.59% | 11.74% | 7.38% | 5.29% | 7.27% | 9.31% |
| ROCE % | 12.89% | 10.71% | 19.99% | 10.63% | 18.35% | 14.50% | 10.06% | 5.87% | 9.22% | 11.14% |
| 4.72% | 4.46% | 10.48% | 5.22% | 8.35% | 8.41% | 5.53% | 3.48% | 4.54% | 6.00% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 18 | 40 | 57 | 55 | 67 | 76 | 40 | 52 | 57 | 35 |
| Inventory Days | 48 | 45 | 41 | 46 | 66 | 68 | 40 | 54 | 44 | 30 |
| Payable Days | 133 | 124 | 77 | 132 | 247 | 150 | 24 | 51 | 64 | 40 |
| -68 | -39 | 21 | -32 | -114 | -6 | 56 | 55 | 37 | 26 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.58x | 0.38x | 0.22x | 0.12x | 0.06x | 0.07x | 0.07x | 0.45x | 0.38x | 0.37x |
| Interest Coverage (x) | 2.53x | 3.07x | 7.20x | 5.32x | 17.47x | 41.63x | 20.19x | 15.84x | 3.41x | 4.94x |
| 1.78x | 2.08x | 2.72x | 2.16x | 2.20x | 3.21x | 2.97x | 0.33x | 2.77x | 3.19x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 25.67% | 3.51% | -8.80% | -2.12% | 35.30% | 8.40% | 58.40% | -14.76% | 42.62% | 87.47% |
| Operating Profit Growth % | 18.76% | 4.47% | 38.05% | -53.02% | 111.32% | -5.25% | -18.83% | 7.12% | 80.24% | 54.11% |
| Net Profit Growth % | 121.47% | -3.50% | 133.88% | -48.81% | 82.15% | 12.13% | -29.82% | -19.99% | 124.68% | 72.07% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -19.99% | 84.83% | 72.07% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 25.46x | 24.65x | 10.90x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.26x | 1.33x | 1.02x |
| 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 | 14.42x | 16.46x | 8.55x |
Mar 2017
- EPS (₹)
- 3.55
- Book Value (₹)
- 38.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.28
- Operating Margin %
- 32.77%
- Net Margin %
- 12.21%
- ROE %
- 9.98%
- ROCE %
- 12.89%
- 4.72%
- Debtor Days
- 18
- Inventory Days
- 48
- Payable Days
- 133
- -68
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 2.53x
- 1.78x
- Revenue Growth %
- 25.67%
- Operating Profit Growth %
- 18.76%
- Net Profit Growth %
- 121.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.43
- Book Value (₹)
- 42.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.18
- Operating Margin %
- 41.69%
- Net Margin %
- 14.34%
- ROE %
- 8.40%
- ROCE %
- 10.71%
- 4.46%
- Debtor Days
- 40
- Inventory Days
- 45
- Payable Days
- 124
- -39
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 3.07x
- 2.08x
- Revenue Growth %
- 3.51%
- Operating Profit Growth %
- 4.47%
- Net Profit Growth %
- -3.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.02
- Book Value (₹)
- 50.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.77
- Operating Margin %
- 66.79%
- Net Margin %
- 38.94%
- ROE %
- 17.28%
- ROCE %
- 19.99%
- 10.48%
- Debtor Days
- 57
- Inventory Days
- 41
- Payable Days
- 77
- 21
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 7.20x
- 2.72x
- Revenue Growth %
- -8.80%
- Operating Profit Growth %
- 38.05%
- Net Profit Growth %
- 133.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 4.10
- Book Value (₹)
- 52.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.89
- Operating Margin %
- 31.28%
- Net Margin %
- 19.87%
- ROE %
- 7.97%
- ROCE %
- 10.63%
- 5.22%
- Debtor Days
- 55
- Inventory Days
- 46
- Payable Days
- 132
- -32
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 5.32x
- 2.16x
- Revenue Growth %
- -2.12%
- Operating Profit Growth %
- -53.02%
- Net Profit Growth %
- -48.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 6.73
- Book Value (₹)
- 59.35
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.32
- Operating Margin %
- 47.86%
- Net Margin %
- 26.21%
- ROE %
- 12.59%
- ROCE %
- 18.35%
- 8.35%
- Debtor Days
- 67
- Inventory Days
- 66
- Payable Days
- 247
- -114
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 17.47x
- 2.20x
- Revenue Growth %
- 35.30%
- Operating Profit Growth %
- 111.32%
- Net Profit Growth %
- 82.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 7.55
- Book Value (₹)
- 69.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.25
- Operating Margin %
- 41.99%
- Net Margin %
- 27.21%
- ROE %
- 11.74%
- ROCE %
- 14.50%
- 8.41%
- Debtor Days
- 76
- Inventory Days
- 68
- Payable Days
- 150
- -6
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 41.63x
- 3.21x
- Revenue Growth %
- 8.40%
- Operating Profit Growth %
- -5.25%
- Net Profit Growth %
- 12.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.30
- Book Value (₹)
- 74.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.00
- Operating Margin %
- 21.61%
- Net Margin %
- 12.11%
- ROE %
- 7.38%
- ROCE %
- 10.06%
- 5.53%
- Debtor Days
- 40
- Inventory Days
- 40
- Payable Days
- 24
- 56
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 20.19x
- 2.97x
- Revenue Growth %
- 58.40%
- Operating Profit Growth %
- -18.83%
- Net Profit Growth %
- -29.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4.24
- Book Value (₹)
- 85.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.00
- Operating Margin %
- 10.22%
- Net Margin %
- 11.14%
- ROE %
- 5.29%
- ROCE %
- 5.87%
- 3.48%
- Debtor Days
- 52
- Inventory Days
- 54
- Payable Days
- 51
- 55
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 15.84x
- 0.33x
- Revenue Growth %
- -14.76%
- Operating Profit Growth %
- 7.12%
- Net Profit Growth %
- -19.99%
- -19.99%
- P/E (x)
- 25.46x
- P/B (x)
- 1.26x
- Dividend Yield %
- 0.00%
- 14.42x
Mar 2025
- EPS (₹)
- 7.83
- Book Value (₹)
- 144.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.90
- Operating Margin %
- 22.52%
- Net Margin %
- 18.12%
- ROE %
- 7.27%
- ROCE %
- 9.22%
- 4.54%
- Debtor Days
- 57
- Inventory Days
- 44
- Payable Days
- 64
- 37
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 3.41x
- 2.77x
- Revenue Growth %
- 42.62%
- Operating Profit Growth %
- 80.24%
- Net Profit Growth %
- 124.68%
- 84.83%
- P/E (x)
- 24.65x
- P/B (x)
- 1.33x
- Dividend Yield %
- 0.00%
- 16.46x
Mar 2026
- EPS (₹)
- 13.47
- Book Value (₹)
- 144.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.49
- Operating Margin %
- 18.39%
- Net Margin %
- 16.86%
- ROE %
- 9.31%
- ROCE %
- 11.14%
- 6.00%
- Debtor Days
- 35
- Inventory Days
- 30
- Payable Days
- 40
- 26
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 4.94x
- 3.19x
- Revenue Growth %
- 87.47%
- Operating Profit Growth %
- 54.11%
- Net Profit Growth %
- 72.07%
- 72.07%
- P/E (x)
- 10.90x
- P/B (x)
- 1.02x
- Dividend Yield %
- 0.00%
- 8.55x
Documents
Announcements
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Annual Reports
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