Pioneer Embroideries Ltd.
•₹ 21.71-0.23%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 3.1pp over 2 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 6.95x)
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (863.6% of PBT)
- Recent results are weak - TTM profit is down 105.7% versus prior year
- Company has a low return on equity of 2.0% over last 3 years
- Company has a low return on capital employed of 5.4%
- Interest coverage is weak at 1.1x - earnings barely cover interest
* 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. | TRIDENT | 24.60 | 31.72 | 12536.05 | 2.03 | 158.09 | 12.95 | 1786.83 | 4.68 | 9.95 | 16.79 |
| 2. | SANATHAN | 459.70 | 63.88 | 3880.05 | 0.00 | 23.82 | -41.08 | 1334.74 | 79.08 | 7.09 | 8.10 |
| 3. | FILATEX | 81.47 | 18.93 | 3617.74 | 0.37 | 48.52 | 19.33 | 1145.30 | 9.14 | 15.90 | 6.85 |
| 4. | NITINSPIN | 586.05 | 0.00 | 3294.77 | 0.51 | 75.27 | 83.62 | 875.03 | 10.30 | 13.19 | 17.78 |
| 5. | PASHUPATI | 87.16 | 87.91 | 1375.73 | 0.00 | 7.25 | 276.04 | 130.01 | 9.71 | 11.31 | 9.49 |
| 6. | GHCLTEXTIL | 124.05 | 0.00 | 1185.74 | 0.48 | 39.35 | 191.05 | 408.94 | 52.73 | 6.30 | 16.90 |
| 7. | NAHARSPING | 293.60 | 0.00 | 1058.88 | 0.34 | 69.88 | 337.83 | 966.10 | 17.92 | 3.83 | 13.16 |
| 8. | AMBIKCO | 1649.75 | 0.00 | 944.48 | 2.24 | 257.00 | 1514.32 | 2579.20 | 1243.47 | 11.47 | 15.28 |
| 9. | SUMEETINDS | 13.41 | 33.83 | 931.66 | 0.00 | 1.14 | -85.69 | 272.36 | 9.61 | 65.12 | 3.11 |
| 10. | PRECOT | 709.50 | 16.64 | 851.40 | 0.56 | 26.61 | 135.43 | 245.73 | 24.78 | 11.19 | 20.16 |
| 11. | RAJPALAYAM | 830.00 | 6.18 | 765.28 | 0.06 | 17.55 | -78.38 | 261.28 | 38.56 | 1.84 | 20.71 |
| 12. | PIONEEREMB | 21.85 | 0.00 | 67.33 | 0.00 | 0.12 | -89.11 | 96.70 | 12.56 | 4.20 | 4.06 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 73 | 82 | 85 | 94 | 96 | 94 | 96 | 88 | 86 | 83 | 81 | 86 | 97 | |
| 70 | 78 | 79 | 87 | 90 | 87 | 88 | 85 | 83 | 82 | 77 | 81 | 98 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 4 | 0 | 0 | 1 | 6 | 2 |
| Interest | 1 | 2 | 3 | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 2 | 3 | 2 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 |
| 1 | 0 | 0 | 3 | 0 | 1 | 3 | 2 | 1 | -5 | -1 | 6 | 0 | |
| Tax % | 23.36% | 20.69% | 25.00% | 10.92% | 24.14% | 29.29% | 25.68% | 32.08% | 23.94% | 27.17% | 28.57% | 26.71% | 27.66% |
| Net Profit | 1 | 0 | 0 | 3 | 0 | 1 | 2 | 1 | 1 | -4 | -1 | 4 | 0 |
| 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | -1 | -0 | 1 | 0 | |
| Equity Capital | 27 | 27 | 27 | 29 | 29 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 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 | 27 | 27 | 27 | 29 | 29 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 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
- 73
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 23.36%
- Net Profit
- 1
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 82
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 3
- 0
- Tax %
- 20.69%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 85
- 79
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 3
- 0
- Tax %
- 25.00%
- Net Profit
- 0
- 0
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 27
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 94
- 87
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 4
- 3
- Tax %
- 10.92%
- Net Profit
- 3
- 1
- Equity Capital
- 29
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 29
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 96
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 4
- 0
- Tax %
- 24.14%
- Net Profit
- 0
- 0
- Equity Capital
- 29
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 29
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 94
- 87
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 4
- 1
- Tax %
- 29.29%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 96
- 88
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 3
- Tax %
- 25.68%
- Net Profit
- 2
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 88
- 85
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 4
- 2
- Tax %
- 32.08%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 86
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 4
- 1
- Tax %
- 23.94%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 83
- 82
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 4
- -5
- Tax %
- 27.17%
- Net Profit
- -4
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 81
- 77
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 4
- -1
- Tax %
- 28.57%
- Net Profit
- -1
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 86
- 81
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 3
- 6
- Tax %
- 26.71%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 97
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 4
- 0
- Tax %
- 27.66%
- Net Profit
- 0
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 236 | 257 | 274 | 238 | 226 | 292 | 297 | 336 | 375 | 336 | 346 | |
| 219 | 248 | 254 | 219 | 198 | 267 | 284 | 314 | 350 | 322 | 338 | |
| Operating Profit | 19 | 12 | 22 | 21 | 29 | 27 | 15 | 26 | 32 | 20 | — |
| OPM % | 8 | 5 | 8 | 9 | 13 | 9 | 5 | 8 | 8 | 6 | — |
| Other Income | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 6 | 7 | 8 |
| Interest | 11 | 9 | 8 | 6 | 4 | 3 | 4 | 9 | 10 | 9 | 9 |
| Depreciation | 8 | 9 | 9 | 9 | 8 | 8 | 8 | 13 | 16 | 15 | 15 |
| 0 | -6 | 4 | 8 | 17 | 15 | 12 | 5 | 6 | 1 | -0 | |
| Tax % | 0 | 0 | 0 | 0 | -17 | 28 | 29 | 15 | 28 | 17 | 37 |
| Net Profit | 0 | -6 | 4 | 8 | 20 | 11 | 9 | 4 | 5 | 1 | -0 |
| EPS | 0 | 0 | 0 | 0 | 7 | 4 | 3 | 1 | 1 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 3 | 7 | 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 | -2 | 2 | 3 | 7 | 4 | 3 | 1 | 1 | 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 | -2 | 2 | 3 | 7 | 4 | 3 | 1 | 1 | 0 | — |
Mar 2017
- 236
- 219
- Operating Profit
- 19
- OPM %
- 8
- Other Income
- 2
- Interest
- 11
- Depreciation
- 8
- 0
- Tax %
- 0
- Net Profit
- 0
- 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 2018
- 257
- 248
- Operating Profit
- 12
- OPM %
- 5
- Other Income
- 2
- Interest
- 9
- Depreciation
- 9
- -6
- Tax %
- 0
- Net Profit
- -6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2019
- 274
- 254
- Operating Profit
- 22
- OPM %
- 8
- Other Income
- 2
- Interest
- 8
- Depreciation
- 9
- 4
- Tax %
- 0
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 238
- 219
- Operating Profit
- 21
- OPM %
- 9
- Other Income
- 2
- Interest
- 6
- Depreciation
- 9
- 8
- Tax %
- 0
- Net Profit
- 8
- 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 2021
- 226
- 198
- Operating Profit
- 29
- OPM %
- 13
- Other Income
- 2
- Interest
- 4
- Depreciation
- 8
- 17
- Tax %
- -17
- Net Profit
- 20
- EPS
- 7
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2022
- 292
- 267
- Operating Profit
- 27
- OPM %
- 9
- Other Income
- 2
- Interest
- 3
- Depreciation
- 8
- 15
- Tax %
- 28
- Net Profit
- 11
- EPS
- 4
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 297
- 284
- Operating Profit
- 15
- OPM %
- 5
- Other Income
- 3
- Interest
- 4
- Depreciation
- 8
- 12
- Tax %
- 29
- Net Profit
- 9
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 336
- 314
- Operating Profit
- 26
- OPM %
- 8
- Other Income
- 4
- Interest
- 9
- Depreciation
- 13
- 5
- Tax %
- 15
- Net Profit
- 4
- 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 2025
- 375
- 350
- Operating Profit
- 32
- OPM %
- 8
- Other Income
- 6
- Interest
- 10
- Depreciation
- 16
- 6
- Tax %
- 28
- Net Profit
- 5
- 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 2026
- 336
- 322
- Operating Profit
- 20
- OPM %
- 6
- Other Income
- 7
- Interest
- 9
- Depreciation
- 15
- 1
- Tax %
- 17
- 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
TTM
- 346
- 338
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 9
- Depreciation
- 15
- -0
- Tax %
- 37
- Net Profit
- -0
- 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:
- 3%
- 5 Years:
- 8%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -28%
- 5 Years:
- -49%
- 3 Years:
- -58%
STOCK PRICE CAGR
- 10 Years:
- -6%
- 5 Years:
- -19%
- 3 Years:
- -26%
- 1 Year:
- -44%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 4%
- 3 Years:
- 2%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 22 | 24 | 25 | 25 | 27 | 27 | 27 | 29 | 31 | 31 |
| 61 | 54 | 57 | 65 | 88 | 98 | 107 | 120 | 129 | 130 | |
| 17 | 16 | 36 | 23 | 20 | 21 | 34 | 34 | 35 | 45 | |
| Trade Payables | 29 | 30 | 30 | 22 | 21 | 19 | 26 | 31 | 24 | 31 |
| 61 | 63 | 36 | 27 | 21 | 24 | 91 | 110 | 95 | 81 | |
| Total Liabilities | 191 | 187 | 184 | 162 | 176 | 190 | 285 | 324 | 314 | 318 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 99 | 96 | 93 | 85 | 80 | 78 | 75 | 186 | 182 | 159 | |
| Capital Work in Progress | 0 | 3 | 2 | 0 | 0 | 8 | 72 | 0 | 0 | 3 |
| 9 | 9 | 9 | 9 | 9 | 10 | 21 | 21 | 21 | 21 | |
| 39 | 31 | 30 | 34 | 40 | 44 | 50 | 64 | 55 | 59 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 28 | 23 | |
| Cash & Bank | 1 | 1 | 1 | 1 | 6 | 1 | 9 | 2 | 2 | 1 |
| 42 | 47 | 48 | 32 | 41 | 48 | 57 | 24 | 26 | 52 | |
| Total Assets | 191 | 187 | 184 | 162 | 176 | 190 | 285 | 324 | 314 | 318 |
| Total Debt | 64 | 64 | 56 | 34 | 30 | 26 | 91 | 105 | 87 | 83 |
| Net Working Capital | 3 | 5 | -0 | 8 | 28 | 38 | 31 | 23 | 23 | 34 |
| Contingent Liabilities | 20 | 10 | 4 | 3 | 3 | 2 | 2 | 3 | 3 | 2 |
| Book Value per Share | 38.30 | 32.32 | 32.97 | 36.23 | 43.01 | 47.02 | 50.09 | 50.63 | 51.80 | 52.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 64 | 64 | 56 | 34 | 30 | 26 | 91 | 105 | 87 | 83 |
| Net Working Capital | 3 | 5 | -0 | 8 | 28 | 38 | 31 | 23 | 23 | 34 |
| Contingent Liabilities | 20 | 10 | 4 | 3 | 3 | 2 | 2 | 3 | 3 | 2 |
| Book Value per Share | 38.30 | 32.32 | 32.97 | 36.23 | 43.01 | 47.02 | 50.09 | 50.63 | 51.80 | 52.14 |
| 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
- 22
- 61
- 17
- Trade Payables
- 29
- 61
- Total Liabilities
- 191
- 99
- Capital Work in Progress
- 0
- 9
- 39
- 0
- Cash & Bank
- 1
- 42
- Total Assets
- 191
- Total Debt
- 64
- Net Working Capital
- 3
- Contingent Liabilities
- 20
- Book Value per Share
- 38.30
- Face Value
- 10.00
- Total Debt
- 64
- Net Working Capital
- 3
- Contingent Liabilities
- 20
- Book Value per Share
- 38.30
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 24
- 54
- 16
- Trade Payables
- 30
- 63
- Total Liabilities
- 187
- 96
- Capital Work in Progress
- 3
- 9
- 31
- 0
- Cash & Bank
- 1
- 47
- Total Assets
- 187
- Total Debt
- 64
- Net Working Capital
- 5
- Contingent Liabilities
- 10
- Book Value per Share
- 32.32
- Face Value
- 10.00
- Total Debt
- 64
- Net Working Capital
- 5
- Contingent Liabilities
- 10
- Book Value per Share
- 32.32
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 25
- 57
- 36
- Trade Payables
- 30
- 36
- Total Liabilities
- 184
- 93
- Capital Work in Progress
- 2
- 9
- 30
- 0
- Cash & Bank
- 1
- 48
- Total Assets
- 184
- Total Debt
- 56
- Net Working Capital
- -0
- Contingent Liabilities
- 4
- Book Value per Share
- 32.97
- Face Value
- 10.00
- Total Debt
- 56
- Net Working Capital
- -0
- Contingent Liabilities
- 4
- Book Value per Share
- 32.97
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 25
- 65
- 23
- Trade Payables
- 22
- 27
- Total Liabilities
- 162
- 85
- Capital Work in Progress
- 0
- 9
- 34
- 0
- Cash & Bank
- 1
- 32
- Total Assets
- 162
- Total Debt
- 34
- Net Working Capital
- 8
- Contingent Liabilities
- 3
- Book Value per Share
- 36.23
- Face Value
- 10.00
- Total Debt
- 34
- Net Working Capital
- 8
- Contingent Liabilities
- 3
- Book Value per Share
- 36.23
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 27
- 88
- 20
- Trade Payables
- 21
- 21
- Total Liabilities
- 176
- 80
- Capital Work in Progress
- 0
- 9
- 40
- 0
- Cash & Bank
- 6
- 41
- Total Assets
- 176
- Total Debt
- 30
- Net Working Capital
- 28
- Contingent Liabilities
- 3
- Book Value per Share
- 43.01
- Face Value
- 10.00
- Total Debt
- 30
- Net Working Capital
- 28
- Contingent Liabilities
- 3
- Book Value per Share
- 43.01
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 27
- 98
- 21
- Trade Payables
- 19
- 24
- Total Liabilities
- 190
- 78
- Capital Work in Progress
- 8
- 10
- 44
- 0
- Cash & Bank
- 1
- 48
- Total Assets
- 190
- Total Debt
- 26
- Net Working Capital
- 38
- Contingent Liabilities
- 2
- Book Value per Share
- 47.02
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 38
- Contingent Liabilities
- 2
- Book Value per Share
- 47.02
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 27
- 107
- 34
- Trade Payables
- 26
- 91
- Total Liabilities
- 285
- 75
- Capital Work in Progress
- 72
- 21
- 50
- 0
- Cash & Bank
- 9
- 57
- Total Assets
- 285
- Total Debt
- 91
- Net Working Capital
- 31
- Contingent Liabilities
- 2
- Book Value per Share
- 50.09
- Face Value
- 10.00
- Total Debt
- 91
- Net Working Capital
- 31
- Contingent Liabilities
- 2
- Book Value per Share
- 50.09
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 29
- 120
- 34
- Trade Payables
- 31
- 110
- Total Liabilities
- 324
- 186
- Capital Work in Progress
- 0
- 21
- 64
- 28
- Cash & Bank
- 2
- 24
- Total Assets
- 324
- Total Debt
- 105
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 50.63
- Face Value
- 10.00
- Total Debt
- 105
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 50.63
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 129
- 35
- Trade Payables
- 24
- 95
- Total Liabilities
- 314
- 182
- Capital Work in Progress
- 0
- 21
- 55
- 28
- Cash & Bank
- 2
- 26
- Total Assets
- 314
- Total Debt
- 87
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 51.80
- Face Value
- 10.00
- Total Debt
- 87
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 51.80
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 31
- 130
- 45
- Trade Payables
- 31
- 81
- Total Liabilities
- 318
- 159
- Capital Work in Progress
- 3
- 21
- 59
- 23
- Cash & Bank
- 1
- 52
- Total Assets
- 318
- Total Debt
- 83
- Net Working Capital
- 34
- Contingent Liabilities
- 2
- Book Value per Share
- 52.14
- Face Value
- 10.00
- Total Debt
- 83
- Net Working Capital
- 34
- Contingent Liabilities
- 2
- Book Value per Share
- 52.14
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 16 | 20 | 26 | 18 | 13 | 10 | 12 | 33 | 19 | |
| Cash from Investing | -20 | -7 | -4 | 3 | -8 | -10 | -65 | -34 | -8 | -3 |
| Cash from Financing | -5 | -9 | -16 | -28 | -5 | -8 | 60 | 16 | -23 | -16 |
| -0 | 0 | -1 | 1 | 5 | -5 | 5 | -6 | 1 | -1 | |
| Free Cash Flow | 25 | 8 | 15 | 26 | 15 | 1 | -58 | -39 | 28 | 19 |
| OCF / Net Profit | 190.12 | -2.72 | 4.72 | 3.10 | 0.92 | 1.21 | 1.18 | 2.97 | 7.21 | 28.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 89 | 65 | -1 | -55 | -52 | -49 |
| OCF / Net Profit | 190.12 | -2.72 | 4.72 | 3.10 | 0.92 | 1.21 | 1.18 | 2.97 | 7.21 | 28.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 89 | 65 | -1 | -55 | -52 | -49 |
Mar 2017
- 25
- Cash from Investing
- -20
- Cash from Financing
- -5
- -0
- Free Cash Flow
- 25
- OCF / Net Profit
- 190.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 190.12
- Cumulative 5-Year FCF
- 0
Mar 2018
- 16
- Cash from Investing
- -7
- Cash from Financing
- -9
- 0
- Free Cash Flow
- 8
- OCF / Net Profit
- -2.72
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.72
- Cumulative 5-Year FCF
- 0
Mar 2019
- 20
- Cash from Investing
- -4
- Cash from Financing
- -16
- -1
- Free Cash Flow
- 15
- OCF / Net Profit
- 4.72
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.72
- Cumulative 5-Year FCF
- 0
Mar 2020
- 26
- Cash from Investing
- 3
- Cash from Financing
- -28
- 1
- Free Cash Flow
- 26
- OCF / Net Profit
- 3.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.10
- Cumulative 5-Year FCF
- 0
Mar 2021
- 18
- Cash from Investing
- -8
- Cash from Financing
- -5
- 5
- Free Cash Flow
- 15
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 89
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 89
Mar 2022
- 13
- Cash from Investing
- -10
- Cash from Financing
- -8
- -5
- Free Cash Flow
- 1
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 65
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 65
Mar 2023
- 10
- Cash from Investing
- -65
- Cash from Financing
- 60
- 5
- Free Cash Flow
- -58
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- -1
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- -1
Mar 2024
- 12
- Cash from Investing
- -34
- Cash from Financing
- 16
- -6
- Free Cash Flow
- -39
- OCF / Net Profit
- 2.97
- Cumulative 5-Year FCF
- -55
- OCF / Net Profit
- 2.97
- Cumulative 5-Year FCF
- -55
Mar 2025
- 33
- Cash from Investing
- -8
- Cash from Financing
- -23
- 1
- Free Cash Flow
- 28
- OCF / Net Profit
- 7.21
- Cumulative 5-Year FCF
- -52
- OCF / Net Profit
- 7.21
- Cumulative 5-Year FCF
- -52
Mar 2026
- 19
- Cash from Investing
- -3
- Cash from Financing
- -16
- -1
- Free Cash Flow
- 19
- OCF / Net Profit
- 28.72
- Cumulative 5-Year FCF
- -49
- OCF / Net Profit
- 28.72
- Cumulative 5-Year FCF
- -49
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.06 | -2.43 | 1.66 | 3.32 | 7.40 | 4.16 | 3.27 | 1.32 | 1.48 | 0.21 |
| Book Value (₹) | 38.30 | 32.32 | 32.97 | 36.23 | 43.01 | 47.02 | 50.09 | 50.63 | 51.80 | 52.14 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 3.86 | 1.11 | 5.16 | 6.81 | 10.47 | 7.19 | 6.46 | 5.57 | 6.56 | 5.02 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.04% | 4.61% | 7.89% | 8.81% | 13.03% | 9.08% | 5.16% | 6.67% | 6.75% | 4.07% |
| Net Margin % | 0.06% | -2.23% | 1.51% | 3.48% | 8.70% | 3.78% | 2.93% | 1.16% | 1.22% | 0.20% |
| ROE % | 0.15% | -7.29% | 5.16% | 9.59% | 19.21% | 9.23% | 6.74% | 2.75% | 2.96% | 0.41% |
| ROCE % | 6.53% | 2.48% | 8.43% | 11.01% | 15.87% | 12.46% | 8.47% | 5.77% | 6.35% | 4.10% |
| 0.06% | -3.10% | 2.23% | 4.79% | 11.63% | 6.03% | 3.67% | 1.28% | 1.43% | 0.21% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 36 | 32 | 35 | 33 | 29 | 26 | 28 | 28 | 27 | 28 |
| Inventory Days | 53 | 49 | 41 | 49 | 60 | 52 | 58 | 62 | 58 | 62 |
| Payable Days | 73 | 69 | 68 | 71 | 68 | 45 | 46 | 52 | 44 | 48 |
| 16 | 12 | 8 | 11 | 20 | 33 | 40 | 38 | 41 | 41 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.77x | 0.82x | 0.68x | 0.37x | 0.26x | 0.21x | 0.69x | 0.70x | 0.55x | 0.52x |
| Interest Coverage (x) | 1.01x | 0.38x | 1.54x | 2.35x | 4.76x | 5.76x | 4.39x | 1.49x | 1.66x | 1.08x |
| 1.05x | 1.07x | 1.00x | 1.15x | 1.56x | 1.78x | 1.45x | 1.25x | 1.27x | 1.35x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -7.71% | 9.20% | 6.41% | -13.20% | -4.93% | 29.30% | 1.53% | 13.33% | 11.56% | -10.43% |
| Operating Profit Growth % | -58.09% | -36.19% | 78.77% | -3.16% | 40.63% | -9.89% | -42.29% | 72.33% | 19.81% | -35.21% |
| Net Profit Growth % | -99.20% | -4561.13% | 170.58% | 100.40% | 137.53% | -43.80% | -21.23% | -55.40% | 17.54% | -85.64% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -59.76% | 12.43% | -85.64% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.09x | 24.71x | 93.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.76x | 0.71x | 0.38x |
| 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 | 8.19x | 6.27x | 6.99x |
Mar 2017
- EPS (₹)
- 0.06
- Book Value (₹)
- 38.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.86
- Operating Margin %
- 8.04%
- Net Margin %
- 0.06%
- ROE %
- 0.15%
- ROCE %
- 6.53%
- 0.06%
- Debtor Days
- 36
- Inventory Days
- 53
- Payable Days
- 73
- 16
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.01x
- 1.05x
- Revenue Growth %
- -7.71%
- Operating Profit Growth %
- -58.09%
- Net Profit Growth %
- -99.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -2.43
- Book Value (₹)
- 32.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.11
- Operating Margin %
- 4.61%
- Net Margin %
- -2.23%
- ROE %
- -7.29%
- ROCE %
- 2.48%
- -3.10%
- Debtor Days
- 32
- Inventory Days
- 49
- Payable Days
- 69
- 12
- Debt to Equity (x)
- 0.82x
- Interest Coverage (x)
- 0.38x
- 1.07x
- Revenue Growth %
- 9.20%
- Operating Profit Growth %
- -36.19%
- Net Profit Growth %
- -4561.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 1.66
- Book Value (₹)
- 32.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.16
- Operating Margin %
- 7.89%
- Net Margin %
- 1.51%
- ROE %
- 5.16%
- ROCE %
- 8.43%
- 2.23%
- Debtor Days
- 35
- Inventory Days
- 41
- Payable Days
- 68
- 8
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 1.54x
- 1.00x
- Revenue Growth %
- 6.41%
- Operating Profit Growth %
- 78.77%
- Net Profit Growth %
- 170.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 3.32
- Book Value (₹)
- 36.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.81
- Operating Margin %
- 8.81%
- Net Margin %
- 3.48%
- ROE %
- 9.59%
- ROCE %
- 11.01%
- 4.79%
- Debtor Days
- 33
- Inventory Days
- 49
- Payable Days
- 71
- 11
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 2.35x
- 1.15x
- Revenue Growth %
- -13.20%
- Operating Profit Growth %
- -3.16%
- Net Profit Growth %
- 100.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 7.40
- Book Value (₹)
- 43.01
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 10.47
- Operating Margin %
- 13.03%
- Net Margin %
- 8.70%
- ROE %
- 19.21%
- ROCE %
- 15.87%
- 11.63%
- Debtor Days
- 29
- Inventory Days
- 60
- Payable Days
- 68
- 20
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 4.76x
- 1.56x
- Revenue Growth %
- -4.93%
- Operating Profit Growth %
- 40.63%
- Net Profit Growth %
- 137.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.16
- Book Value (₹)
- 47.02
- Dividend per Share (₹)
- 0.30
- Cash EPS (₹)
- 7.19
- Operating Margin %
- 9.08%
- Net Margin %
- 3.78%
- ROE %
- 9.23%
- ROCE %
- 12.46%
- 6.03%
- Debtor Days
- 26
- Inventory Days
- 52
- Payable Days
- 45
- 33
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 5.76x
- 1.78x
- Revenue Growth %
- 29.30%
- Operating Profit Growth %
- -9.89%
- Net Profit Growth %
- -43.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.27
- Book Value (₹)
- 50.09
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.46
- Operating Margin %
- 5.16%
- Net Margin %
- 2.93%
- ROE %
- 6.74%
- ROCE %
- 8.47%
- 3.67%
- Debtor Days
- 28
- Inventory Days
- 58
- Payable Days
- 46
- 40
- Debt to Equity (x)
- 0.69x
- Interest Coverage (x)
- 4.39x
- 1.45x
- Revenue Growth %
- 1.53%
- Operating Profit Growth %
- -42.29%
- Net Profit Growth %
- -21.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 1.32
- Book Value (₹)
- 50.63
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.57
- Operating Margin %
- 6.67%
- Net Margin %
- 1.16%
- ROE %
- 2.75%
- ROCE %
- 5.77%
- 1.28%
- Debtor Days
- 28
- Inventory Days
- 62
- Payable Days
- 52
- 38
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 1.49x
- 1.25x
- Revenue Growth %
- 13.33%
- Operating Profit Growth %
- 72.33%
- Net Profit Growth %
- -55.40%
- -59.76%
- P/E (x)
- 29.09x
- P/B (x)
- 0.76x
- Dividend Yield %
- 0.00%
- 8.19x
Mar 2025
- EPS (₹)
- 1.48
- Book Value (₹)
- 51.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.56
- Operating Margin %
- 6.75%
- Net Margin %
- 1.22%
- ROE %
- 2.96%
- ROCE %
- 6.35%
- 1.43%
- Debtor Days
- 27
- Inventory Days
- 58
- Payable Days
- 44
- 41
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 1.66x
- 1.27x
- Revenue Growth %
- 11.56%
- Operating Profit Growth %
- 19.81%
- Net Profit Growth %
- 17.54%
- 12.43%
- P/E (x)
- 24.71x
- P/B (x)
- 0.71x
- Dividend Yield %
- 0.00%
- 6.27x
Mar 2026
- EPS (₹)
- 0.21
- Book Value (₹)
- 52.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.02
- Operating Margin %
- 4.07%
- Net Margin %
- 0.20%
- ROE %
- 0.41%
- ROCE %
- 4.10%
- 0.21%
- Debtor Days
- 28
- Inventory Days
- 62
- Payable Days
- 48
- 41
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 1.08x
- 1.35x
- Revenue Growth %
- -10.43%
- Operating Profit Growth %
- -35.21%
- Net Profit Growth %
- -85.64%
- -85.64%
- P/E (x)
- 93.79x
- P/B (x)
- 0.38x
- Dividend Yield %
- 0.00%
- 6.99x
Documents
Announcements
- Shareholders meeting
2026-08-20 - Details regarding voting results Pursuant to Regulation 44(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Scrutinizers Report.
- Shareholders meeting
2026-08-20 - PROCEEDING OF THE 34th ANNUAL GENERAL MEETING HELD ON 20TH AUGUST, 2026
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nov 2021
Aug 2021
May 2021