Paul Merchants Ltd.
•₹ 488.15-0.48%
2026-08-21
PROS
- Solid return on assets for a lender - ROA of 2.5%
- Company generates healthy free cash flow
- Company converts assets efficiently - asset turnover of 3.9x
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (178.0% of PBT)
- Recent results are weak - TTM profit is down 37.2% versus prior year
- Company has a low return on capital employed of 4.4%
- Company has a low return on equity of 3.2% over last 3 years
- 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| 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. | BAJAJFINSV | 2016.50 | 31.85 | 323055.67 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 531.75 | 21.52 | 45157.57 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1574.30 | 11.08 | 29561.81 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13962.45 | 14.34 | 28248.97 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 225.40 | 19.23 | 21686.95 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13117.20 | 0.00 | 14991.08 | 1.68 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11490.30 | 92.84 | 12753.80 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 129.15 | 11.88 | 12359.14 | 2.52 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 424.70 | 19.38 | 9432.75 | 2.63 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 231.95 | 145.56 | 7996.10 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2422.00 | 8.35 | 7772.34 | 1.71 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | PML | 505.00 | 0.00 | 155.74 | 0.00 | 8.91 | -99.69 | 480.77 | -2.54 | 3.62 | 0.93 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,802 | 1,800 | 2,047 | 854 | 1,016 | 985 | 749 | 578 | 493 | 591 | 500 | 472 | 469 | |
| 1,796 | 1,795 | 2,043 | 856 | 1,016 | 986 | 751 | 581 | 495 | 594 | 502 | 475 | 472 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 6 | 7 | 7 | 8 | 5 | 5 | 5 | 4 | 5 | 18 | 4 | 4 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 11 | 10 | 10 | 4 | 3 | 4 | 1 | 1 | 2 | 15 | 0 | 0 | 1 | |
| Tax % | 27.09% | 23.94% | 26.33% | 24.12% | 25.30% | 25.89% | 69.81% | 23.53% | 20.99% | 23.10% | 91.11% | 33.33% | 29.53% |
| Net Profit | 8 | 8 | 8 | 3 | 2 | 3 | 0 | 1 | 1 | 11 | 0 | 0 | 1 |
| 26 | 25 | 25 | 9 | 8 | 9 | 1 | 2 | 5 | 37 | 0 | 1 | 0 | |
| Equity Capital | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 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
- 1,802
- 1,796
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 11
- Tax %
- 27.09%
- Net Profit
- 8
- 26
- Equity Capital
- 1
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,800
- 1,795
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 1
- 10
- Tax %
- 23.94%
- Net Profit
- 8
- 25
- Equity Capital
- 1
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,047
- 2,043
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 1
- 10
- Tax %
- 26.33%
- Net Profit
- 8
- 25
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 854
- 856
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 0
- Depreciation
- 1
- 4
- Tax %
- 24.12%
- Net Profit
- 3
- 9
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,016
- 1,016
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- 25.30%
- Net Profit
- 2
- 8
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 985
- 986
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 4
- Tax %
- 25.89%
- Net Profit
- 3
- 9
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 749
- 751
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 69.81%
- Net Profit
- 0
- 1
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 578
- 581
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 23.53%
- Net Profit
- 1
- 2
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 493
- 495
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 2
- Tax %
- 20.99%
- Net Profit
- 1
- 5
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 591
- 594
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 0
- Depreciation
- 1
- 15
- Tax %
- 23.10%
- Net Profit
- 11
- 37
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 500
- 502
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- 91.11%
- Net Profit
- 0
- 0
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 472
- 475
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 0
- Tax %
- 33.33%
- Net Profit
- 0
- 1
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 469
- 472
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 1
- Tax %
- 29.53%
- Net Profit
- 1
- 0
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,891 | 4,542 | 4,899 | 5,358 | 2,962 | 5,281 | 6,900 | 6,502 | 3,329 | 2,056 | 2,032 | |
| 2,881 | 4,525 | 4,893 | 5,350 | 2,962 | 5,270 | 6,886 | 6,490 | 3,333 | 2,065 | 2,042 | |
| Operating Profit | 21 | 224 | 18 | 21 | 21 | 30 | 38 | 40 | 14 | 22 | — |
| OPM % | 1 | 5 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | — |
| Other Income | 12 | 207 | 12 | 14 | 22 | 20 | 24 | 28 | 19 | 31 | 30 |
| Interest | 2 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 0 |
| Depreciation | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| 16 | 219 | 14 | 17 | 16 | 27 | 35 | 35 | 8 | 18 | 17 | |
| Tax % | 23 | 3 | -5 | 28 | 21 | 26 | 26 | 26 | 28 | 25 | 26 |
| Net Profit | 13 | 213 | 15 | 12 | 13 | 20 | 26 | 26 | 6 | 13 | 13 |
| EPS | 0 | 0 | 0 | 116 | 123 | 198 | 84 | 85 | 19 | 43 | — |
| Dividend Payout % | 0 | 0 | 0 | 2 | 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 | 41 | 691 | 49 | 39 | 41 | 66 | 84 | 85 | 19 | 43 | — |
| 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 | 41 | 691 | 49 | 39 | 41 | 66 | 84 | 85 | 19 | 43 | — |
Mar 2017
- 2,891
- 2,881
- Operating Profit
- 21
- OPM %
- 1
- Other Income
- 12
- Interest
- 2
- Depreciation
- 3
- 16
- Tax %
- 23
- Net Profit
- 13
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
Mar 2018
- 4,542
- 4,525
- Operating Profit
- 224
- OPM %
- 5
- Other Income
- 207
- Interest
- 1
- Depreciation
- 3
- 219
- Tax %
- 3
- Net Profit
- 213
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 691
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 691
Mar 2019
- 4,899
- 4,893
- Operating Profit
- 18
- OPM %
- 0
- Other Income
- 12
- Interest
- 0
- Depreciation
- 3
- 14
- Tax %
- -5
- Net Profit
- 15
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
Mar 2020
- 5,358
- 5,350
- Operating Profit
- 21
- OPM %
- 0
- Other Income
- 14
- Interest
- 0
- Depreciation
- 3
- 17
- Tax %
- 28
- Net Profit
- 12
- EPS
- 116
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
Mar 2021
- 2,962
- 2,962
- Operating Profit
- 21
- OPM %
- 1
- Other Income
- 22
- Interest
- 0
- Depreciation
- 2
- 16
- Tax %
- 21
- Net Profit
- 13
- EPS
- 123
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 41
Mar 2022
- 5,281
- 5,270
- Operating Profit
- 30
- OPM %
- 1
- Other Income
- 20
- Interest
- 0
- Depreciation
- 2
- 27
- Tax %
- 26
- Net Profit
- 20
- EPS
- 198
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 66
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 66
Mar 2023
- 6,900
- 6,886
- Operating Profit
- 38
- OPM %
- 1
- Other Income
- 24
- Interest
- 1
- Depreciation
- 2
- 35
- Tax %
- 26
- Net Profit
- 26
- EPS
- 84
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 84
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 84
Mar 2024
- 6,502
- 6,490
- Operating Profit
- 40
- OPM %
- 1
- Other Income
- 28
- Interest
- 2
- Depreciation
- 3
- 35
- Tax %
- 26
- Net Profit
- 26
- EPS
- 85
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 85
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 85
Mar 2025
- 3,329
- 3,333
- Operating Profit
- 14
- OPM %
- 0
- Other Income
- 19
- Interest
- 1
- Depreciation
- 3
- 8
- Tax %
- 28
- Net Profit
- 6
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2026
- 2,056
- 2,065
- Operating Profit
- 22
- OPM %
- 1
- Other Income
- 31
- Interest
- 1
- Depreciation
- 4
- 18
- Tax %
- 25
- Net Profit
- 13
- EPS
- 43
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 43
TTM
- 2,032
- 2,042
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 0
- Depreciation
- 4
- 17
- Tax %
- 26
- Net Profit
- 13
- 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:
- -2%
- 5 Years:
- -7%
- 3 Years:
- -33%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -4%
- 5 Years:
- 1%
- 3 Years:
- -20%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 4%
- 3 Years:
- 3%
- Last Year:
- 3%
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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
| 151 | 364 | 379 | 390 | 403 | 424 | 449 | 473 | 479 | 492 | |
| 17 | 17 | 0 | 1 | 5 | 10 | 20 | 10 | 14 | 6 | |
| Trade Payables | 27 | 7 | 4 | 4 | 1 | 1 | 2 | 6 | 2 | 3 |
| 33 | 77 | 10 | 16 | 15 | 34 | 52 | 49 | 30 | 22 | |
| Total Liabilities | 229 | 466 | 393 | 412 | 425 | 469 | 524 | 541 | 527 | 525 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 50 | 75 | 75 | 62 | 59 | 58 | 57 | 61 | 61 | 62 | |
| Capital Work in Progress | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 11 | 190 | 259 | 223 | 203 | 196 | 190 | 237 | 243 | 372 | |
| 5 | 5 | 5 | 7 | 5 | 5 | 6 | 8 | 9 | 7 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 5 | |
| Cash & Bank | 93 | 110 | 7 | 4 | 10 | 13 | 17 | 21 | 35 | 13 |
| 68 | 86 | 47 | 115 | 148 | 197 | 254 | 208 | 175 | 67 | |
| Total Assets | 229 | 466 | 393 | 412 | 425 | 469 | 524 | 541 | 527 | 525 |
| Total Debt | 18 | 17 | 0 | 1 | 5 | 10 | 20 | 13 | 16 | 7 |
| Net Working Capital | 97 | 220 | 134 | 159 | 178 | 200 | 227 | 202 | 179 | 100 |
| Contingent Liabilities | 18 | 19 | 60 | 60 | 115 | 198 | 341 | 575 | 1,195 | 52 |
| Book Value per Share | 1476.43 | 3548.76 | 3695.88 | 3807.83 | 3931.78 | 4129.78 | 4380.81 | 1544.31 | 1562.76 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 18 | 17 | 0 | 1 | 5 | 10 | 20 | 13 | 16 | 7 |
| Net Working Capital | 97 | 220 | 134 | 159 | 178 | 200 | 227 | 202 | 179 | 100 |
| Contingent Liabilities | 18 | 19 | 60 | 60 | 115 | 198 | 341 | 575 | 1,195 | 52 |
| Book Value per Share | 1476.43 | 3548.76 | 3695.88 | 3807.83 | 3931.78 | 4129.78 | 4380.81 | 1544.31 | 1562.76 | 0.00 |
| 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
- 1
- 151
- 17
- Trade Payables
- 27
- 33
- Total Liabilities
- 229
- 50
- Capital Work in Progress
- 1
- 11
- 5
- 0
- Cash & Bank
- 93
- 68
- Total Assets
- 229
- Total Debt
- 18
- Net Working Capital
- 97
- Contingent Liabilities
- 18
- Book Value per Share
- 1476.43
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 97
- Contingent Liabilities
- 18
- Book Value per Share
- 1476.43
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 1
- 364
- 17
- Trade Payables
- 7
- 77
- Total Liabilities
- 466
- 75
- Capital Work in Progress
- 0
- 190
- 5
- 0
- Cash & Bank
- 110
- 86
- Total Assets
- 466
- Total Debt
- 17
- Net Working Capital
- 220
- Contingent Liabilities
- 19
- Book Value per Share
- 3548.76
- Face Value
- 10.00
- Total Debt
- 17
- Net Working Capital
- 220
- Contingent Liabilities
- 19
- Book Value per Share
- 3548.76
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 1
- 379
- 0
- Trade Payables
- 4
- 10
- Total Liabilities
- 393
- 75
- Capital Work in Progress
- 0
- 259
- 5
- 0
- Cash & Bank
- 7
- 47
- Total Assets
- 393
- Total Debt
- 0
- Net Working Capital
- 134
- Contingent Liabilities
- 60
- Book Value per Share
- 3695.88
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 134
- Contingent Liabilities
- 60
- Book Value per Share
- 3695.88
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 1
- 390
- 1
- Trade Payables
- 4
- 16
- Total Liabilities
- 412
- 62
- Capital Work in Progress
- 0
- 223
- 7
- 0
- Cash & Bank
- 4
- 115
- Total Assets
- 412
- Total Debt
- 1
- Net Working Capital
- 159
- Contingent Liabilities
- 60
- Book Value per Share
- 3807.83
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 159
- Contingent Liabilities
- 60
- Book Value per Share
- 3807.83
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 1
- 403
- 5
- Trade Payables
- 1
- 15
- Total Liabilities
- 425
- 59
- Capital Work in Progress
- 0
- 203
- 5
- 0
- Cash & Bank
- 10
- 148
- Total Assets
- 425
- Total Debt
- 5
- Net Working Capital
- 178
- Contingent Liabilities
- 115
- Book Value per Share
- 3931.78
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 178
- Contingent Liabilities
- 115
- Book Value per Share
- 3931.78
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 1
- 424
- 10
- Trade Payables
- 1
- 34
- Total Liabilities
- 469
- 58
- Capital Work in Progress
- 0
- 196
- 5
- 0
- Cash & Bank
- 13
- 197
- Total Assets
- 469
- Total Debt
- 10
- Net Working Capital
- 200
- Contingent Liabilities
- 198
- Book Value per Share
- 4129.78
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 200
- Contingent Liabilities
- 198
- Book Value per Share
- 4129.78
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 1
- 449
- 20
- Trade Payables
- 2
- 52
- Total Liabilities
- 524
- 57
- Capital Work in Progress
- 0
- 190
- 6
- 0
- Cash & Bank
- 17
- 254
- Total Assets
- 524
- Total Debt
- 20
- Net Working Capital
- 227
- Contingent Liabilities
- 341
- Book Value per Share
- 4380.81
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 227
- Contingent Liabilities
- 341
- Book Value per Share
- 4380.81
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 3
- 473
- 10
- Trade Payables
- 6
- 49
- Total Liabilities
- 541
- 61
- Capital Work in Progress
- 0
- 237
- 8
- 5
- Cash & Bank
- 21
- 208
- Total Assets
- 541
- Total Debt
- 13
- Net Working Capital
- 202
- Contingent Liabilities
- 575
- Book Value per Share
- 1544.31
- Face Value
- 10.00
- Total Debt
- 13
- Net Working Capital
- 202
- Contingent Liabilities
- 575
- Book Value per Share
- 1544.31
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 3
- 479
- 14
- Trade Payables
- 2
- 30
- Total Liabilities
- 527
- 61
- Capital Work in Progress
- 0
- 243
- 9
- 5
- Cash & Bank
- 35
- 175
- Total Assets
- 527
- Total Debt
- 16
- Net Working Capital
- 179
- Contingent Liabilities
- 1,195
- Book Value per Share
- 1562.76
- Face Value
- 10.00
- Total Debt
- 16
- Net Working Capital
- 179
- Contingent Liabilities
- 1,195
- Book Value per Share
- 1562.76
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 3
- 492
- 6
- Trade Payables
- 3
- 22
- Total Liabilities
- 525
- 62
- Capital Work in Progress
- 0
- 372
- 7
- 5
- Cash & Bank
- 13
- 67
- Total Assets
- 525
- Total Debt
- 7
- Net Working Capital
- 100
- Contingent Liabilities
- 52
- Book Value per Share
- 0.00
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 100
- Contingent Liabilities
- 52
- Book Value per Share
- 0.00
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 | -213 | 94 | 5 | -5 | 22 | 20 | -14 | -27 | -3 | |
| Cash from Investing | 1 | 176 | -95 | -8 | 4 | -22 | -25 | 17 | 34 | 8 |
| Cash from Financing | -6 | -2 | -18 | -0 | 4 | 4 | 9 | -8 | 2 | -10 |
| 14 | -38 | -19 | -3 | 3 | 5 | 3 | -5 | 8 | -5 | |
| Free Cash Flow | 17 | -236 | 92 | 5 | -5 | 22 | 19 | -20 | -31 | -3 |
| OCF / Net Profit | 1.50 | -1.00 | 6.25 | 0.45 | -0.38 | 1.09 | 0.75 | -0.55 | -4.60 | -0.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -127 | -121 | 134 | 22 | -15 | -12 |
| OCF / Net Profit | 1.50 | -1.00 | 6.25 | 0.45 | -0.38 | 1.09 | 0.75 | -0.55 | -4.60 | -0.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -127 | -121 | 134 | 22 | -15 | -12 |
Mar 2017
- 19
- Cash from Investing
- 1
- Cash from Financing
- -6
- 14
- Free Cash Flow
- 17
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.50
- Cumulative 5-Year FCF
- 0
Mar 2018
- -213
- Cash from Investing
- 176
- Cash from Financing
- -2
- -38
- Free Cash Flow
- -236
- OCF / Net Profit
- -1.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.00
- Cumulative 5-Year FCF
- 0
Mar 2019
- 94
- Cash from Investing
- -95
- Cash from Financing
- -18
- -19
- Free Cash Flow
- 92
- OCF / Net Profit
- 6.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.25
- Cumulative 5-Year FCF
- 0
Mar 2020
- 5
- Cash from Investing
- -8
- Cash from Financing
- -0
- -3
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 0
Mar 2021
- -5
- Cash from Investing
- 4
- Cash from Financing
- 4
- 3
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- -127
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- -127
Mar 2022
- 22
- Cash from Investing
- -22
- Cash from Financing
- 4
- 5
- Free Cash Flow
- 22
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- -121
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- -121
Mar 2023
- 20
- Cash from Investing
- -25
- Cash from Financing
- 9
- 3
- Free Cash Flow
- 19
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 134
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 134
Mar 2024
- -14
- Cash from Investing
- 17
- Cash from Financing
- -8
- -5
- Free Cash Flow
- -20
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- 22
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- 22
Mar 2025
- -27
- Cash from Investing
- 34
- Cash from Financing
- 2
- 8
- Free Cash Flow
- -31
- OCF / Net Profit
- -4.60
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- -4.60
- Cumulative 5-Year FCF
- -15
Mar 2026
- -3
- Cash from Investing
- 8
- Cash from Financing
- -10
- -5
- Free Cash Flow
- -3
- OCF / Net Profit
- -0.20
- Cumulative 5-Year FCF
- -12
- OCF / Net Profit
- -0.20
- Cumulative 5-Year FCF
- -12
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 (₹) | 123.55 | 2072.85 | 146.41 | 115.71 | 123.32 | 198.35 | 252.76 | 84.71 | 19.16 | 42.77 |
| Book Value (₹) | 1476.43 | 3548.76 | 3695.88 | 3807.83 | 3931.78 | 4129.78 | 4380.81 | 1544.31 | 1562.76 | 1605.79 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 50.60 | 701.75 | 59.37 | 47.71 | 48.33 | 72.11 | 89.83 | 93.53 | 29.56 | 54.98 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 0.74% | 4.93% | 0.37% | 0.40% | 0.73% | 0.57% | 0.55% | 0.17% | -0.15% | -0.45% |
| Net Margin % | 0.44% | 4.69% | 0.31% | 0.22% | 0.43% | 0.39% | 0.38% | 0.40% | 0.18% | 0.64% |
| ROE % | 8.73% | 82.50% | 4.04% | 3.08% | 3.19% | 4.92% | 5.94% | 5.64% | 1.23% | 2.70% |
| ROCE % | 10.94% | 79.95% | 3.87% | 4.42% | 4.05% | 6.60% | 7.97% | 7.68% | 1.92% | 3.62% |
| 5.73% | 61.30% | 3.50% | 2.95% | 3.03% | 4.56% | 5.23% | 4.91% | 1.11% | 2.51% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 5 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Inventory Days | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Payable Days | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 2 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.12x | 0.05x | 0.00x | 0.00x | 0.01x | 0.02x | 0.04x | 0.03x | 0.03x | 0.01x |
| Interest Coverage (x) | 10.23x | 154.13x | 31.91x | 34.55x | 67.31x | 63.32x | 34.56x | 21.49x | 7.70x | 33.25x |
| 2.29x | 3.19x | 9.73x | 8.52x | 9.25x | 5.45x | 4.09x | 4.29x | 5.08x | 4.43x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.35% | 57.09% | 7.87% | 9.36% | -44.72% | 78.31% | 30.66% | -5.77% | -48.81% | -38.23% |
| Operating Profit Growth % | -43.21% | 947.61% | -91.96% | 17.51% | 1.58% | 40.98% | 24.46% | 4.91% | -64.78% | 57.26% |
| Net Profit Growth % | -37.80% | 1577.72% | -92.94% | -20.97% | 6.57% | 60.84% | 27.43% | 0.54% | -77.38% | 123.21% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -66.49% | -77.38% | 123.21% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.62x | 38.20x | 9.60x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.58x | 0.47x | 0.26x |
| 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 | 6.81x | 14.88x | 5.49x |
Mar 2017
- EPS (₹)
- 123.55
- Book Value (₹)
- 1476.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 50.60
- Operating Margin %
- 0.74%
- Net Margin %
- 0.44%
- ROE %
- 8.73%
- ROCE %
- 10.94%
- 5.73%
- Debtor Days
- 5
- Inventory Days
- 1
- Payable Days
- 4
- 2
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 10.23x
- 2.29x
- Revenue Growth %
- 17.35%
- Operating Profit Growth %
- -43.21%
- Net Profit Growth %
- -37.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2072.85
- Book Value (₹)
- 3548.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 701.75
- Operating Margin %
- 4.93%
- Net Margin %
- 4.69%
- ROE %
- 82.50%
- ROCE %
- 79.95%
- 61.30%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 1
- 1
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 154.13x
- 3.19x
- Revenue Growth %
- 57.09%
- Operating Profit Growth %
- 947.61%
- Net Profit Growth %
- 1577.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 146.41
- Book Value (₹)
- 3695.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 59.37
- Operating Margin %
- 0.37%
- Net Margin %
- 0.31%
- ROE %
- 4.04%
- ROCE %
- 3.87%
- 3.50%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 31.91x
- 9.73x
- Revenue Growth %
- 7.87%
- Operating Profit Growth %
- -91.96%
- Net Profit Growth %
- -92.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 115.71
- Book Value (₹)
- 3807.83
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 47.71
- Operating Margin %
- 0.40%
- Net Margin %
- 0.22%
- ROE %
- 3.08%
- ROCE %
- 4.42%
- 2.95%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 34.55x
- 8.52x
- Revenue Growth %
- 9.36%
- Operating Profit Growth %
- 17.51%
- Net Profit Growth %
- -20.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 123.32
- Book Value (₹)
- 3931.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 48.33
- Operating Margin %
- 0.73%
- Net Margin %
- 0.43%
- ROE %
- 3.19%
- ROCE %
- 4.05%
- 3.03%
- Debtor Days
- 0
- Inventory Days
- 1
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 67.31x
- 9.25x
- Revenue Growth %
- -44.72%
- Operating Profit Growth %
- 1.58%
- Net Profit Growth %
- 6.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 198.35
- Book Value (₹)
- 4129.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 72.11
- Operating Margin %
- 0.57%
- Net Margin %
- 0.39%
- ROE %
- 4.92%
- ROCE %
- 6.60%
- 4.56%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 63.32x
- 5.45x
- Revenue Growth %
- 78.31%
- Operating Profit Growth %
- 40.98%
- Net Profit Growth %
- 60.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 252.76
- Book Value (₹)
- 4380.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 89.83
- Operating Margin %
- 0.55%
- Net Margin %
- 0.38%
- ROE %
- 5.94%
- ROCE %
- 7.97%
- 5.23%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 34.56x
- 4.09x
- Revenue Growth %
- 30.66%
- Operating Profit Growth %
- 24.46%
- Net Profit Growth %
- 27.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 84.71
- Book Value (₹)
- 1544.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 93.53
- Operating Margin %
- 0.17%
- Net Margin %
- 0.40%
- ROE %
- 5.64%
- ROCE %
- 7.68%
- 4.91%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 21.49x
- 4.29x
- Revenue Growth %
- -5.77%
- Operating Profit Growth %
- 4.91%
- Net Profit Growth %
- 0.54%
- -66.49%
- P/E (x)
- 10.62x
- P/B (x)
- 0.58x
- Dividend Yield %
- 0.00%
- 6.81x
Mar 2025
- EPS (₹)
- 19.16
- Book Value (₹)
- 1562.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 29.56
- Operating Margin %
- -0.15%
- Net Margin %
- 0.18%
- ROE %
- 1.23%
- ROCE %
- 1.92%
- 1.11%
- Debtor Days
- 1
- Inventory Days
- 1
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 7.70x
- 5.08x
- Revenue Growth %
- -48.81%
- Operating Profit Growth %
- -64.78%
- Net Profit Growth %
- -77.38%
- -77.38%
- P/E (x)
- 38.20x
- P/B (x)
- 0.47x
- Dividend Yield %
- 0.00%
- 14.88x
Mar 2026
- EPS (₹)
- 42.77
- Book Value (₹)
- 1605.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 54.98
- Operating Margin %
- -0.45%
- Net Margin %
- 0.64%
- ROE %
- 2.70%
- ROCE %
- 3.62%
- 2.51%
- Debtor Days
- 1
- Inventory Days
- 1
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 33.25x
- 4.43x
- Revenue Growth %
- -38.23%
- Operating Profit Growth %
- 57.26%
- Net Profit Growth %
- 123.21%
- 123.21%
- P/E (x)
- 9.60x
- P/B (x)
- 0.26x
- Dividend Yield %
- 0.00%
- 5.49x
Documents
Announcements
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Annual Reports
Credit Ratings
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