RSWM Ltd.
•₹ 204.833.73%
2026-08-21
PROS
- Latest quarter profit grew 140.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 16.79x)
- Working capital cycle has improved - days down from 4 to 2
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (117.0% of PBT)
- Company has a low return on equity of 1.1% over last 3 years
- Company has a low return on capital employed of 4.2%
- Interest coverage is weak at 1.4x - earnings barely cover interest
- Recurring exceptional / one-off items are inflating headline profit
* 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. | PAGEIND | 35400.00 | 0.00 | 39484.71 | 1.55 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| 2. | KPRMILL | 1122.45 | 42.05 | 38366.91 | 0.45 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| 3. | VTL | 594.75 | 20.30 | 17216.57 | 0.84 | 314.56 | 51.46 | 2703.08 | 13.31 | 11.31 | 18.11 |
| 4. | WELSPUNLIV | 181.25 | 61.68 | 17123.64 | 0.06 | 162.61 | 82.09 | 2795.45 | 23.66 | 15.04 | 11.53 |
| 5. | ARVIND | 518.15 | 34.04 | 14095.79 | 0.87 | 57.77 | 5.61 | 2500.96 | 24.65 | 13.98 | 9.64 |
| 6. | MANYAVAR | 542.75 | 32.73 | 13187.64 | 1.43 | 66.90 | 37.31 | 267.95 | 22.74 | 33.92 | 45.53 |
| 7. | PGIL | 2410.95 | 35.88 | 11136.31 | 0.60 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| 8. | SWANCORP | 302.25 | 42.38 | 9474.23 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| 9. | ICIL | 444.15 | 58.30 | 8796.58 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| 10. | GARFIBRES | 759.85 | 35.32 | 7419.81 | 1.18 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| 11. | KUSUMGAR | 565.70 | 60.48 | 5939.36 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| 12. | RSWM | 200.00 | 14.88 | 942.03 | 0.00 | 19.65 | 134.77 | 1161.24 | -0.78 | 5.68 | 7.76 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 901 | 1,007 | 977 | 1,171 | 1,208 | 1,166 | 1,196 | 1,256 | 1,169 | 1,150 | 1,093 | 1,142 | 1,161 | |
| 886 | 987 | 961 | 1,128 | 1,161 | 1,130 | 1,145 | 1,186 | 1,100 | 1,080 | 1,025 | 1,073 | 1,146 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 10 | 9 | 6 | 10 | 7 | 7 | 7 | 9 | 12 | 9 | 14 | 17 | 9 |
| Interest | 20 | 18 | 24 | 31 | 33 | 35 | 32 | 35 | 34 | 31 | 29 | 30 | 31 |
| Depreciation | 33 | 35 | 41 | 41 | 41 | 40 | 38 | 37 | 38 | 38 | 36 | 38 | 38 |
| -28 | -22 | -43 | 121 | -21 | -32 | -13 | 6 | 10 | 10 | 6 | 18 | 24 | |
| Tax % | 35.95% | 34.42% | 24.82% | 17.50% | 34.64% | 33.96% | 38.65% | 75.50% | 27.65% | 37.57% | 32.26% | -92.91% | 31.39% |
| Net Profit | -18 | -15 | -32 | 100 | -14 | -21 | -8 | 2 | 7 | 6 | 4 | 35 | 17 |
| -4 | -3 | -7 | 21 | -3 | -4 | -2 | 0 | 1 | 1 | 1 | 7 | 0 | |
| Equity Capital | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| 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 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| 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
- 901
- 886
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 20
- Depreciation
- 33
- -28
- Tax %
- 35.95%
- Net Profit
- -18
- -4
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,007
- 987
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 18
- Depreciation
- 35
- -22
- Tax %
- 34.42%
- Net Profit
- -15
- -3
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 977
- 961
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 24
- Depreciation
- 41
- -43
- Tax %
- 24.82%
- Net Profit
- -32
- -7
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,171
- 1,128
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 31
- Depreciation
- 41
- 121
- Tax %
- 17.50%
- Net Profit
- 100
- 21
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,208
- 1,161
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 33
- Depreciation
- 41
- -21
- Tax %
- 34.64%
- Net Profit
- -14
- -3
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,166
- 1,130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 35
- Depreciation
- 40
- -32
- Tax %
- 33.96%
- Net Profit
- -21
- -4
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,196
- 1,145
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 32
- Depreciation
- 38
- -13
- Tax %
- 38.65%
- Net Profit
- -8
- -2
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,256
- 1,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 35
- Depreciation
- 37
- 6
- Tax %
- 75.50%
- Net Profit
- 2
- 0
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,169
- 1,100
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 34
- Depreciation
- 38
- 10
- Tax %
- 27.65%
- Net Profit
- 7
- 1
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,150
- 1,080
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 31
- Depreciation
- 38
- 10
- Tax %
- 37.57%
- Net Profit
- 6
- 1
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,093
- 1,025
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 29
- Depreciation
- 36
- 6
- Tax %
- 32.26%
- Net Profit
- 4
- 1
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,142
- 1,073
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 30
- Depreciation
- 38
- 18
- Tax %
- -92.91%
- Net Profit
- 35
- 7
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,161
- 1,146
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 31
- Depreciation
- 38
- 24
- Tax %
- 31.39%
- Net Profit
- 17
- 0
- Equity Capital
- 47
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 47
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,987 | 2,940 | 2,961 | 2,771 | 2,326 | 3,817 | 3,789 | 4,057 | 4,825 | 4,554 | 4,546 | |
| 2,661 | 2,713 | 2,782 | 2,587 | 2,150 | 3,385 | 3,541 | 3,961 | 4,622 | 4,278 | 4,324 | |
| Operating Profit | 358 | 263 | 210 | 211 | 215 | 464 | 340 | 132 | 233 | 327 | — |
| OPM % | 12 | 9 | 7 | 8 | 9 | 12 | 9 | 3 | 5 | 7 | — |
| Other Income | 32 | 36 | 31 | 26 | 39 | 32 | 91 | 36 | 29 | 51 | 49 |
| Interest | 110 | 117 | 120 | 109 | 83 | 68 | 74 | 92 | 135 | 123 | 121 |
| Depreciation | 132 | 124 | 123 | 132 | 128 | 113 | 127 | 150 | 157 | 150 | 150 |
| 115 | 21 | -33 | 24 | 4 | 283 | 138 | 28 | -60 | 44 | 59 | |
| Tax % | 12 | 32 | 26 | 4 | -407 | 15 | 21 | -26 | 31 | -19 | -5 |
| Net Profit | 101 | 14 | -24 | 23 | 22 | 240 | 110 | 35 | -41 | 52 | 62 |
| EPS | 43 | 6 | -10 | 10 | 9 | 65 | 28 | 7 | -9 | 11 | — |
| Dividend Payout % | 29 | 32 | 0 | 0 | 0 | 25 | 21 | 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 | 27 | 4 | -7 | 6 | 6 | 65 | 23 | 7 | -9 | 11 | — |
| 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 | 27 | 4 | -7 | 6 | 6 | 65 | 23 | 7 | -9 | 11 | — |
Mar 2017
- 2,987
- 2,661
- Operating Profit
- 358
- OPM %
- 12
- Other Income
- 32
- Interest
- 110
- Depreciation
- 132
- 115
- Tax %
- 12
- Net Profit
- 101
- EPS
- 43
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
Mar 2018
- 2,940
- 2,713
- Operating Profit
- 263
- OPM %
- 9
- Other Income
- 36
- Interest
- 117
- Depreciation
- 124
- 21
- Tax %
- 32
- Net Profit
- 14
- EPS
- 6
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2019
- 2,961
- 2,782
- Operating Profit
- 210
- OPM %
- 7
- Other Income
- 31
- Interest
- 120
- Depreciation
- 123
- -33
- Tax %
- 26
- Net Profit
- -24
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2020
- 2,771
- 2,587
- Operating Profit
- 211
- OPM %
- 8
- Other Income
- 26
- Interest
- 109
- Depreciation
- 132
- 24
- Tax %
- 4
- Net Profit
- 23
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 2,326
- 2,150
- Operating Profit
- 215
- OPM %
- 9
- Other Income
- 39
- Interest
- 83
- Depreciation
- 128
- 4
- Tax %
- -407
- Net Profit
- 22
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2022
- 3,817
- 3,385
- Operating Profit
- 464
- OPM %
- 12
- Other Income
- 32
- Interest
- 68
- Depreciation
- 113
- 283
- Tax %
- 15
- Net Profit
- 240
- EPS
- 65
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 65
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 65
Mar 2023
- 3,789
- 3,541
- Operating Profit
- 340
- OPM %
- 9
- Other Income
- 91
- Interest
- 74
- Depreciation
- 127
- 138
- Tax %
- 21
- Net Profit
- 110
- EPS
- 28
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2024
- 4,057
- 3,961
- Operating Profit
- 132
- OPM %
- 3
- Other Income
- 36
- Interest
- 92
- Depreciation
- 150
- 28
- Tax %
- -26
- Net Profit
- 35
- 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 2025
- 4,825
- 4,622
- Operating Profit
- 233
- OPM %
- 5
- Other Income
- 29
- Interest
- 135
- Depreciation
- 157
- -60
- Tax %
- 31
- Net Profit
- -41
- EPS
- -9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2026
- 4,554
- 4,278
- Operating Profit
- 327
- OPM %
- 7
- Other Income
- 51
- Interest
- 123
- Depreciation
- 150
- 44
- Tax %
- -19
- Net Profit
- 52
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
TTM
- 4,546
- 4,324
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 121
- Depreciation
- 150
- 59
- Tax %
- -5
- Net Profit
- 62
- 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:
- 14%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -7%
- 5 Years:
- 19%
- 3 Years:
- -22%
STOCK PRICE CAGR
- 10 Years:
- -4%
- 5 Years:
- -1%
- 3 Years:
- 1%
- 1 Year:
- 24%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 8%
- 3 Years:
- 1%
- Last Year:
- 4%
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 | 24 | 24 | 24 | 24 | 24 | 24 | 47 | 47 | 47 | 47 |
| 610 | 877 | 760 | 682 | 738 | 975 | 1,221 | 1,262 | 1,261 | 1,325 | |
| 967 | 949 | 868 | 676 | 580 | 618 | 651 | 961 | 939 | 811 | |
| Trade Payables | 80 | 76 | 103 | 109 | 137 | 165 | 135 | 200 | 345 | 326 |
| 813 | 816 | 812 | 713 | 582 | 810 | 866 | 1,200 | 960 | 967 | |
| Total Liabilities | 2,494 | 2,742 | 2,566 | 2,204 | 2,060 | 2,591 | 2,920 | 3,670 | 3,552 | 3,476 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,166 | 1,089 | 1,132 | 1,012 | 913 | 932 | 1,085 | 1,453 | 1,430 | 1,385 | |
| Capital Work in Progress | 15 | 39 | 3 | 7 | 7 | 143 | 183 | 32 | 31 | 63 |
| 110 | 383 | 270 | 60 | 92 | 89 | 75 | 250 | 286 | 372 | |
| 541 | 528 | 432 | 507 | 450 | 509 | 677 | 810 | 730 | 620 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 645 | 696 | 631 | |
| Cash & Bank | 8 | 13 | 14 | 7 | 7 | 9 | 5 | 8 | 10 | 4 |
| 654 | 689 | 715 | 611 | 591 | 909 | 895 | 473 | 369 | 401 | |
| Total Assets | 2,494 | 2,742 | 2,566 | 2,204 | 2,060 | 2,591 | 2,920 | 3,670 | 3,552 | 3,476 |
| Total Debt | 1,464 | 1,520 | 1,441 | 1,160 | 922 | 1,103 | 1,151 | 1,777 | 1,622 | 1,510 |
| Net Working Capital | -87 | 6 | -14 | 118 | 95 | 245 | 424 | 231 | 58 | 19 |
| Contingent Liabilities | 33 | 34 | 42 | 49 | 73 | 148 | 184 | 207 | 197 | 135 |
| Book Value per Share | 268.86 | 382.47 | 332.50 | 299.71 | 323.20 | 423.99 | 269.29 | 277.97 | 277.66 | 291.21 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,464 | 1,520 | 1,441 | 1,160 | 922 | 1,103 | 1,151 | 1,777 | 1,622 | 1,510 |
| Net Working Capital | -87 | 6 | -14 | 118 | 95 | 245 | 424 | 231 | 58 | 19 |
| Contingent Liabilities | 33 | 34 | 42 | 49 | 73 | 148 | 184 | 207 | 197 | 135 |
| Book Value per Share | 268.86 | 382.47 | 332.50 | 299.71 | 323.20 | 423.99 | 269.29 | 277.97 | 277.66 | 291.21 |
| 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
- 24
- 610
- 967
- Trade Payables
- 80
- 813
- Total Liabilities
- 2,494
- 1,166
- Capital Work in Progress
- 15
- 110
- 541
- 0
- Cash & Bank
- 8
- 654
- Total Assets
- 2,494
- Total Debt
- 1,464
- Net Working Capital
- -87
- Contingent Liabilities
- 33
- Book Value per Share
- 268.86
- Face Value
- 10.00
- Total Debt
- 1,464
- Net Working Capital
- -87
- Contingent Liabilities
- 33
- Book Value per Share
- 268.86
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 24
- 877
- 949
- Trade Payables
- 76
- 816
- Total Liabilities
- 2,742
- 1,089
- Capital Work in Progress
- 39
- 383
- 528
- 0
- Cash & Bank
- 13
- 689
- Total Assets
- 2,742
- Total Debt
- 1,520
- Net Working Capital
- 6
- Contingent Liabilities
- 34
- Book Value per Share
- 382.47
- Face Value
- 10.00
- Total Debt
- 1,520
- Net Working Capital
- 6
- Contingent Liabilities
- 34
- Book Value per Share
- 382.47
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 24
- 760
- 868
- Trade Payables
- 103
- 812
- Total Liabilities
- 2,566
- 1,132
- Capital Work in Progress
- 3
- 270
- 432
- 0
- Cash & Bank
- 14
- 715
- Total Assets
- 2,566
- Total Debt
- 1,441
- Net Working Capital
- -14
- Contingent Liabilities
- 42
- Book Value per Share
- 332.50
- Face Value
- 10.00
- Total Debt
- 1,441
- Net Working Capital
- -14
- Contingent Liabilities
- 42
- Book Value per Share
- 332.50
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 24
- 682
- 676
- Trade Payables
- 109
- 713
- Total Liabilities
- 2,204
- 1,012
- Capital Work in Progress
- 7
- 60
- 507
- 0
- Cash & Bank
- 7
- 611
- Total Assets
- 2,204
- Total Debt
- 1,160
- Net Working Capital
- 118
- Contingent Liabilities
- 49
- Book Value per Share
- 299.71
- Face Value
- 10.00
- Total Debt
- 1,160
- Net Working Capital
- 118
- Contingent Liabilities
- 49
- Book Value per Share
- 299.71
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 24
- 738
- 580
- Trade Payables
- 137
- 582
- Total Liabilities
- 2,060
- 913
- Capital Work in Progress
- 7
- 92
- 450
- 0
- Cash & Bank
- 7
- 591
- Total Assets
- 2,060
- Total Debt
- 922
- Net Working Capital
- 95
- Contingent Liabilities
- 73
- Book Value per Share
- 323.20
- Face Value
- 10.00
- Total Debt
- 922
- Net Working Capital
- 95
- Contingent Liabilities
- 73
- Book Value per Share
- 323.20
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 24
- 975
- 618
- Trade Payables
- 165
- 810
- Total Liabilities
- 2,591
- 932
- Capital Work in Progress
- 143
- 89
- 509
- 0
- Cash & Bank
- 9
- 909
- Total Assets
- 2,591
- Total Debt
- 1,103
- Net Working Capital
- 245
- Contingent Liabilities
- 148
- Book Value per Share
- 423.99
- Face Value
- 10.00
- Total Debt
- 1,103
- Net Working Capital
- 245
- Contingent Liabilities
- 148
- Book Value per Share
- 423.99
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 47
- 1,221
- 651
- Trade Payables
- 135
- 866
- Total Liabilities
- 2,920
- 1,085
- Capital Work in Progress
- 183
- 75
- 677
- 0
- Cash & Bank
- 5
- 895
- Total Assets
- 2,920
- Total Debt
- 1,151
- Net Working Capital
- 424
- Contingent Liabilities
- 184
- Book Value per Share
- 269.29
- Face Value
- 10.00
- Total Debt
- 1,151
- Net Working Capital
- 424
- Contingent Liabilities
- 184
- Book Value per Share
- 269.29
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 47
- 1,262
- 961
- Trade Payables
- 200
- 1,200
- Total Liabilities
- 3,670
- 1,453
- Capital Work in Progress
- 32
- 250
- 810
- 645
- Cash & Bank
- 8
- 473
- Total Assets
- 3,670
- Total Debt
- 1,777
- Net Working Capital
- 231
- Contingent Liabilities
- 207
- Book Value per Share
- 277.97
- Face Value
- 10.00
- Total Debt
- 1,777
- Net Working Capital
- 231
- Contingent Liabilities
- 207
- Book Value per Share
- 277.97
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 47
- 1,261
- 939
- Trade Payables
- 345
- 960
- Total Liabilities
- 3,552
- 1,430
- Capital Work in Progress
- 31
- 286
- 730
- 696
- Cash & Bank
- 10
- 369
- Total Assets
- 3,552
- Total Debt
- 1,622
- Net Working Capital
- 58
- Contingent Liabilities
- 197
- Book Value per Share
- 277.66
- Face Value
- 10.00
- Total Debt
- 1,622
- Net Working Capital
- 58
- Contingent Liabilities
- 197
- Book Value per Share
- 277.66
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 47
- 1,325
- 811
- Trade Payables
- 326
- 967
- Total Liabilities
- 3,476
- 1,385
- Capital Work in Progress
- 63
- 372
- 620
- 631
- Cash & Bank
- 4
- 401
- Total Assets
- 3,476
- Total Debt
- 1,510
- Net Working Capital
- 19
- Contingent Liabilities
- 135
- Book Value per Share
- 291.21
- Face Value
- 10.00
- Total Debt
- 1,510
- Net Working Capital
- 19
- Contingent Liabilities
- 135
- Book Value per Share
- 291.21
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 222 | 166 | 271 | 231 | 320 | 210 | 89 | -72 | 410 | 428 | |
| Cash from Investing | -154 | -61 | -67 | 151 | 7 | -318 | -239 | -362 | -113 | -196 |
| Cash from Financing | -68 | -97 | -205 | -390 | -326 | 111 | 147 | 435 | -291 | -238 |
| 0 | 8 | -0 | -8 | 1 | 3 | -3 | 1 | 5 | -6 | |
| Free Cash Flow | 41 | 111 | 271 | 231 | 313 | 36 | -208 | -260 | 290 | 341 |
| OCF / Net Profit | 2.20 | 11.42 | -11.18 | 10.18 | 14.80 | 0.87 | 0.81 | -2.06 | -9.94 | 8.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 967 | 962 | 643 | 111 | 170 | 198 |
| OCF / Net Profit | 2.20 | 11.42 | -11.18 | 10.18 | 14.80 | 0.87 | 0.81 | -2.06 | -9.94 | 8.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 967 | 962 | 643 | 111 | 170 | 198 |
Mar 2017
- 222
- Cash from Investing
- -154
- Cash from Financing
- -68
- 0
- Free Cash Flow
- 41
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 0
Mar 2018
- 166
- Cash from Investing
- -61
- Cash from Financing
- -97
- 8
- Free Cash Flow
- 111
- OCF / Net Profit
- 11.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 11.42
- Cumulative 5-Year FCF
- 0
Mar 2019
- 271
- Cash from Investing
- -67
- Cash from Financing
- -205
- -0
- Free Cash Flow
- 271
- OCF / Net Profit
- -11.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -11.18
- Cumulative 5-Year FCF
- 0
Mar 2020
- 231
- Cash from Investing
- 151
- Cash from Financing
- -390
- -8
- Free Cash Flow
- 231
- OCF / Net Profit
- 10.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 10.18
- Cumulative 5-Year FCF
- 0
Mar 2021
- 320
- Cash from Investing
- 7
- Cash from Financing
- -326
- 1
- Free Cash Flow
- 313
- OCF / Net Profit
- 14.80
- Cumulative 5-Year FCF
- 967
- OCF / Net Profit
- 14.80
- Cumulative 5-Year FCF
- 967
Mar 2022
- 210
- Cash from Investing
- -318
- Cash from Financing
- 111
- 3
- Free Cash Flow
- 36
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 962
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 962
Mar 2023
- 89
- Cash from Investing
- -239
- Cash from Financing
- 147
- -3
- Free Cash Flow
- -208
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 643
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 643
Mar 2024
- -72
- Cash from Investing
- -362
- Cash from Financing
- 435
- 1
- Free Cash Flow
- -260
- OCF / Net Profit
- -2.06
- Cumulative 5-Year FCF
- 111
- OCF / Net Profit
- -2.06
- Cumulative 5-Year FCF
- 111
Mar 2025
- 410
- Cash from Investing
- -113
- Cash from Financing
- -291
- 5
- Free Cash Flow
- 290
- OCF / Net Profit
- -9.94
- Cumulative 5-Year FCF
- 170
- OCF / Net Profit
- -9.94
- Cumulative 5-Year FCF
- 170
Mar 2026
- 428
- Cash from Investing
- -196
- Cash from Financing
- -238
- -6
- Free Cash Flow
- 341
- OCF / Net Profit
- 8.22
- Cumulative 5-Year FCF
- 198
- OCF / Net Profit
- 8.22
- Cumulative 5-Year FCF
- 198
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 (₹) | 42.87 | 6.16 | -10.30 | 9.62 | 9.18 | 101.90 | 23.27 | 7.41 | -8.76 | 11.04 |
| Book Value (₹) | 268.86 | 382.47 | 332.50 | 299.71 | 323.20 | 423.99 | 269.29 | 277.97 | 277.66 | 291.21 |
| Dividend per Share (₹) | 12.50 | 2.00 | 0.00 | 0.00 | 0.00 | 25.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 63.42 | 37.80 | 26.93 | 41.98 | 40.61 | 61.53 | 50.30 | 39.17 | 24.58 | 42.87 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.94% | 8.88% | 7.04% | 7.55% | 9.17% | 12.08% | 8.90% | 2.35% | 4.19% | 6.02% |
| Net Margin % | 3.37% | 0.49% | -0.81% | 0.81% | 0.92% | 6.25% | 2.87% | 0.85% | -0.85% | 1.13% |
| ROE % | 17.04% | 1.89% | -2.88% | 3.04% | 2.95% | 27.28% | 9.67% | 2.71% | -3.15% | 3.88% |
| ROCE % | 11.16% | 6.14% | 3.74% | 6.46% | 4.92% | 18.55% | 9.39% | 4.35% | 2.52% | 5.74% |
| 4.20% | 0.55% | -0.91% | 0.95% | 1.01% | 10.32% | 3.98% | 1.06% | -1.14% | 1.48% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 46 | 50 | 55 | 52 | 56 | 43 | 47 | 49 | 50 | 53 |
| Inventory Days | 59 | 66 | 59 | 61 | 75 | 46 | 57 | 66 | 58 | 54 |
| Payable Days | 14 | 17 | 19 | 25 | 35 | 26 | 24 | 23 | 23 | 24 |
| 91 | 99 | 95 | 88 | 96 | 63 | 81 | 92 | 86 | 83 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.31x | 1.69x | 1.84x | 1.64x | 1.21x | 1.10x | 0.91x | 1.36x | 1.24x | 1.10x |
| Interest Coverage (x) | 2.05x | 1.18x | 0.73x | 1.22x | 1.05x | 5.19x | 2.87x | 1.30x | 0.56x | 1.36x |
| 0.93x | 1.01x | 0.99x | 1.13x | 1.11x | 1.23x | 1.41x | 1.15x | 1.04x | 1.01x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.82% | -1.57% | 0.71% | -6.40% | -16.06% | 64.12% | -0.75% | 7.08% | 18.93% | -5.62% |
| Operating Profit Growth % | -15.34% | -26.49% | -20.17% | 0.28% | 2.08% | 115.92% | -26.85% | -61.22% | 76.82% | 40.52% |
| Net Profit Growth % | -5.59% | -85.64% | -267.37% | 193.39% | -4.63% | 1010.31% | -54.33% | -68.14% | -218.21% | 225.93% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -68.14% | -218.21% | 225.93% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.17x | 0.00x | 10.96x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.62x | 0.47x | 0.42x |
| 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 | 19.59x | 9.55x | 6.34x |
Mar 2017
- EPS (₹)
- 42.87
- Book Value (₹)
- 268.86
- Dividend per Share (₹)
- 12.50
- Cash EPS (₹)
- 63.42
- Operating Margin %
- 11.94%
- Net Margin %
- 3.37%
- ROE %
- 17.04%
- ROCE %
- 11.16%
- 4.20%
- Debtor Days
- 46
- Inventory Days
- 59
- Payable Days
- 14
- 91
- Debt to Equity (x)
- 2.31x
- Interest Coverage (x)
- 2.05x
- 0.93x
- Revenue Growth %
- 1.82%
- Operating Profit Growth %
- -15.34%
- Net Profit Growth %
- -5.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 6.16
- Book Value (₹)
- 382.47
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 37.80
- Operating Margin %
- 8.88%
- Net Margin %
- 0.49%
- ROE %
- 1.89%
- ROCE %
- 6.14%
- 0.55%
- Debtor Days
- 50
- Inventory Days
- 66
- Payable Days
- 17
- 99
- Debt to Equity (x)
- 1.69x
- Interest Coverage (x)
- 1.18x
- 1.01x
- Revenue Growth %
- -1.57%
- Operating Profit Growth %
- -26.49%
- Net Profit Growth %
- -85.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -10.30
- Book Value (₹)
- 332.50
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 26.93
- Operating Margin %
- 7.04%
- Net Margin %
- -0.81%
- ROE %
- -2.88%
- ROCE %
- 3.74%
- -0.91%
- Debtor Days
- 55
- Inventory Days
- 59
- Payable Days
- 19
- 95
- Debt to Equity (x)
- 1.84x
- Interest Coverage (x)
- 0.73x
- 0.99x
- Revenue Growth %
- 0.71%
- Operating Profit Growth %
- -20.17%
- Net Profit Growth %
- -267.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 9.62
- Book Value (₹)
- 299.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 41.98
- Operating Margin %
- 7.55%
- Net Margin %
- 0.81%
- ROE %
- 3.04%
- ROCE %
- 6.46%
- 0.95%
- Debtor Days
- 52
- Inventory Days
- 61
- Payable Days
- 25
- 88
- Debt to Equity (x)
- 1.64x
- Interest Coverage (x)
- 1.22x
- 1.13x
- Revenue Growth %
- -6.40%
- Operating Profit Growth %
- 0.28%
- Net Profit Growth %
- 193.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 9.18
- Book Value (₹)
- 323.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 40.61
- Operating Margin %
- 9.17%
- Net Margin %
- 0.92%
- ROE %
- 2.95%
- ROCE %
- 4.92%
- 1.01%
- Debtor Days
- 56
- Inventory Days
- 75
- Payable Days
- 35
- 96
- Debt to Equity (x)
- 1.21x
- Interest Coverage (x)
- 1.05x
- 1.11x
- Revenue Growth %
- -16.06%
- Operating Profit Growth %
- 2.08%
- Net Profit Growth %
- -4.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 101.90
- Book Value (₹)
- 423.99
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 61.53
- Operating Margin %
- 12.08%
- Net Margin %
- 6.25%
- ROE %
- 27.28%
- ROCE %
- 18.55%
- 10.32%
- Debtor Days
- 43
- Inventory Days
- 46
- Payable Days
- 26
- 63
- Debt to Equity (x)
- 1.10x
- Interest Coverage (x)
- 5.19x
- 1.23x
- Revenue Growth %
- 64.12%
- Operating Profit Growth %
- 115.92%
- Net Profit Growth %
- 1010.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 23.27
- Book Value (₹)
- 269.29
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 50.30
- Operating Margin %
- 8.90%
- Net Margin %
- 2.87%
- ROE %
- 9.67%
- ROCE %
- 9.39%
- 3.98%
- Debtor Days
- 47
- Inventory Days
- 57
- Payable Days
- 24
- 81
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- 2.87x
- 1.41x
- Revenue Growth %
- -0.75%
- Operating Profit Growth %
- -26.85%
- Net Profit Growth %
- -54.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.41
- Book Value (₹)
- 277.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 39.17
- Operating Margin %
- 2.35%
- Net Margin %
- 0.85%
- ROE %
- 2.71%
- ROCE %
- 4.35%
- 1.06%
- Debtor Days
- 49
- Inventory Days
- 66
- Payable Days
- 23
- 92
- Debt to Equity (x)
- 1.36x
- Interest Coverage (x)
- 1.30x
- 1.15x
- Revenue Growth %
- 7.08%
- Operating Profit Growth %
- -61.22%
- Net Profit Growth %
- -68.14%
- -68.14%
- P/E (x)
- 23.17x
- P/B (x)
- 0.62x
- Dividend Yield %
- 0.00%
- 19.59x
Mar 2025
- EPS (₹)
- -8.76
- Book Value (₹)
- 277.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 24.58
- Operating Margin %
- 4.19%
- Net Margin %
- -0.85%
- ROE %
- -3.15%
- ROCE %
- 2.52%
- -1.14%
- Debtor Days
- 50
- Inventory Days
- 58
- Payable Days
- 23
- 86
- Debt to Equity (x)
- 1.24x
- Interest Coverage (x)
- 0.56x
- 1.04x
- Revenue Growth %
- 18.93%
- Operating Profit Growth %
- 76.82%
- Net Profit Growth %
- -218.21%
- -218.21%
- P/E (x)
- 0.00x
- P/B (x)
- 0.47x
- Dividend Yield %
- 0.00%
- 9.55x
Mar 2026
- EPS (₹)
- 11.04
- Book Value (₹)
- 291.21
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 42.87
- Operating Margin %
- 6.02%
- Net Margin %
- 1.13%
- ROE %
- 3.88%
- ROCE %
- 5.74%
- 1.48%
- Debtor Days
- 53
- Inventory Days
- 54
- Payable Days
- 24
- 83
- Debt to Equity (x)
- 1.10x
- Interest Coverage (x)
- 1.36x
- 1.01x
- Revenue Growth %
- -5.62%
- Operating Profit Growth %
- 40.52%
- Net Profit Growth %
- 225.93%
- 225.93%
- P/E (x)
- 10.96x
- P/B (x)
- 0.42x
- Dividend Yield %
- 0.00%
- 6.34x
Documents
Announcements
- General Updates
2026-08-14 - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-11 - RSWM Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-06-09 - Rating from India Ratings & Research
Concalls
Aug 2026
May 2026
Feb 2026