Shree Ajit Pulp & Paper Ltd.
•₹ 281.1-1.06%
2026-08-21
PROS
- Latest quarter profit grew 162.5% YoY, showing strong momentum
- Company has delivered good sales growth of 16.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.70x)
CONS
- Company has a low return on capital employed of 6.4%
- Company has a low return on equity of 4.4% over last 3 years
- Interest coverage is weak at 1.6x - earnings barely cover interest
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 66.4%
- Company has delivered a poor profit growth of -13.7% over past 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. | JKPAPER | 378.80 | 21.18 | 6868.36 | 1.06 | 136.27 | 59.49 | 1887.17 | 12.72 | 7.80 | 15.39 |
| 2. | WSTCSTPAPR | 614.95 | 17.68 | 4061.68 | 0.49 | 141.84 | 135.37 | 1051.26 | 10.12 | 7.11 | 19.34 |
| 3. | SESHAPAPER | 226.55 | 14.43 | 1428.81 | 0.88 | 31.91 | 106.80 | 492.08 | 27.68 | 5.60 | 8.85 |
| 4. | ANDHRAPAP | 60.98 | 0.00 | 1212.59 | 0.82 | 303.16 | 1322.95 | 3937.71 | 900.89 | 1.99 | 12.39 |
| 5. | TNPL | 138.45 | 0.00 | 958.22 | 2.89 | 57.40 | 874.63 | 11466.40 | 903.98 | 5.85 | 10.02 |
| 6. | NRAIL | 501.20 | 0.00 | 853.00 | 0.40 | 34.98 | 111.33 | 646.96 | 43.09 | 8.25 | 11.48 |
| 7. | PDMJEPAPER | 87.44 | 0.00 | 830.24 | 0.69 | 33.72 | -6.95 | 202.92 | 3.29 | 20.10 | 17.53 |
| 8. | KUANTUM | 78.92 | 0.00 | 688.68 | 3.17 | 6.23 | -48.34 | 303.75 | 36.87 | 5.24 | 13.20 |
| 9. | SATIA | 58.03 | 0.00 | 580.30 | 0.69 | -171.20 | -641.72 | 3618.15 | 875.45 | 10.53 | 14.04 |
| 10. | BBTCL | 245.95 | 15.16 | 504.47 | 0.00 | 14.39 | 727.77 | 180.47 | 18.53 | 3.03 | 18.69 |
| 11. | RAMANEWS | 32.50 | 0.00 | 479.45 | 0.00 | -10.50 | -29.46 | 9.72 | 6.02 | 1.87 | -7.68 |
| 12. | SAPPL | 282.00 | 6.04 | 250.85 | 0.00 | 18.54 | 162.34 | 201.17 | 13.59 | 7.43 | 17.86 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76 | 68 | 43 | 107 | 118 | 111 | 121 | 155 | 177 | 172 | 177 | 175 | 201 | |
| 70 | 63 | 38 | 102 | 107 | 101 | 108 | 137 | 154 | 152 | 154 | 148 | 178 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 0 | -0 | 6 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 1 |
| Interest | 1 | 1 | 1 | 5 | 5 | 5 | 6 | 8 | 8 | 7 | 7 | 12 | 8 |
| Depreciation | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 |
| 4 | 2 | 2 | 3 | 3 | 2 | 2 | 7 | 10 | 9 | 11 | 12 | 24 | |
| Tax % | 28.65% | 56.64% | 30.48% | 2.74% | 26.10% | 25.95% | 26.00% | 40.83% | 31.19% | 31.97% | 32.16% | 21.50% | 23.60% |
| Net Profit | 3 | 1 | 1 | 3 | 2 | 1 | 2 | 4 | 7 | 6 | 8 | 10 | 19 |
| 5 | 2 | 3 | 5 | 3 | 2 | 2 | 5 | 8 | 7 | 8 | 11 | 2 | |
| Equity Capital | 5 | 5 | 5 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 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 | 5 | 5 | 5 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 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
- 76
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 4
- Tax %
- 28.65%
- Net Profit
- 3
- 5
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 68
- 63
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 56.64%
- Net Profit
- 1
- 2
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 43
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 30.48%
- Net Profit
- 1
- 3
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 5
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 107
- 102
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 5
- Depreciation
- 4
- 3
- Tax %
- 2.74%
- Net Profit
- 3
- 5
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 118
- 107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 4
- 3
- Tax %
- 26.10%
- Net Profit
- 2
- 3
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 8
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 111
- 101
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 4
- 2
- Tax %
- 25.95%
- Net Profit
- 1
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 121
- 108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 6
- Depreciation
- 4
- 2
- Tax %
- 26.00%
- Net Profit
- 2
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 155
- 137
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 8
- Depreciation
- 5
- 7
- Tax %
- 40.83%
- Net Profit
- 4
- 5
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 177
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 8
- Depreciation
- 5
- 10
- Tax %
- 31.19%
- Net Profit
- 7
- 8
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 172
- 152
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 7
- Depreciation
- 5
- 9
- Tax %
- 31.97%
- Net Profit
- 6
- 7
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 177
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 7
- Depreciation
- 5
- 11
- Tax %
- 32.16%
- Net Profit
- 8
- 8
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 175
- 148
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 12
- Depreciation
- 5
- 12
- Tax %
- 21.50%
- Net Profit
- 10
- 11
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 201
- 178
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 5
- 24
- Tax %
- 23.60%
- Net Profit
- 19
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 222 | 209 | 249 | 270 | 240 | 267 | 418 | 372 | 295 | 506 | 725 | |
| 195 | 190 | 225 | 225 | 206 | 221 | 372 | 343 | 274 | 454 | 631 | |
| Operating Profit | 27 | 19 | 25 | 45 | 35 | 46 | 47 | 30 | 27 | 53 | — |
| OPM % | 12 | 9 | 10 | 17 | 15 | 17 | 11 | 8 | 9 | 10 | — |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 7 | 2 | 4 |
| Interest | 4 | 4 | 6 | 5 | 4 | 4 | 5 | 6 | 7 | 23 | 34 |
| Depreciation | 5 | 5 | 6 | 7 | 8 | 8 | 7 | 7 | 9 | 16 | 20 |
| 18 | 9 | 12 | 33 | 23 | 35 | 35 | 16 | 11 | 14 | 56 | |
| Tax % | 33 | 29 | 31 | 29 | 15 | 29 | 29 | 29 | 28 | 33 | 26 |
| Net Profit | 12 | 6 | 8 | 23 | 20 | 25 | 25 | 11 | 8 | 9 | 41 |
| EPS | 0 | 0 | 0 | 0 | 37 | 46 | 47 | 21 | 11 | 11 | — |
| Dividend Payout % | 3 | 6 | 5 | 2 | 2 | 2 | 2 | 5 | 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 | 15 | 8 | 10 | 29 | 25 | 31 | 32 | 14 | 11 | 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 | 15 | 8 | 10 | 29 | 25 | 31 | 32 | 14 | 11 | 11 | — |
Mar 2016
- 222
- 195
- Operating Profit
- 27
- OPM %
- 12
- Other Income
- 0
- Interest
- 4
- Depreciation
- 5
- 18
- Tax %
- 33
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2017
- 209
- 190
- Operating Profit
- 19
- OPM %
- 9
- Other Income
- 0
- Interest
- 4
- Depreciation
- 5
- 9
- Tax %
- 29
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2018
- 249
- 225
- Operating Profit
- 25
- OPM %
- 10
- Other Income
- 0
- Interest
- 6
- Depreciation
- 6
- 12
- Tax %
- 31
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 270
- 225
- Operating Profit
- 45
- OPM %
- 17
- Other Income
- 0
- Interest
- 5
- Depreciation
- 7
- 33
- Tax %
- 29
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
Mar 2020
- 240
- 206
- Operating Profit
- 35
- OPM %
- 15
- Other Income
- 1
- Interest
- 4
- Depreciation
- 8
- 23
- Tax %
- 15
- Net Profit
- 20
- EPS
- 37
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2021
- 267
- 221
- Operating Profit
- 46
- OPM %
- 17
- Other Income
- 1
- Interest
- 4
- Depreciation
- 8
- 35
- Tax %
- 29
- Net Profit
- 25
- EPS
- 46
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
Mar 2022
- 418
- 372
- Operating Profit
- 47
- OPM %
- 11
- Other Income
- 1
- Interest
- 5
- Depreciation
- 7
- 35
- Tax %
- 29
- Net Profit
- 25
- EPS
- 47
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 32
Mar 2023
- 372
- 343
- Operating Profit
- 30
- OPM %
- 8
- Other Income
- 0
- Interest
- 6
- Depreciation
- 7
- 16
- Tax %
- 29
- Net Profit
- 11
- EPS
- 21
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2024
- 295
- 274
- Operating Profit
- 27
- OPM %
- 9
- Other Income
- 7
- Interest
- 7
- Depreciation
- 9
- 11
- Tax %
- 28
- Net Profit
- 8
- 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
Mar 2025
- 506
- 454
- Operating Profit
- 53
- OPM %
- 10
- Other Income
- 2
- Interest
- 23
- Depreciation
- 16
- 14
- Tax %
- 33
- Net Profit
- 9
- 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
- 725
- 631
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 34
- Depreciation
- 20
- 56
- Tax %
- 26
- Net Profit
- 41
- 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:
- 10%
- 5 Years:
- 16%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 3%
- 5 Years:
- -14%
- 3 Years:
- -28%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 9%
- 3 Years:
- 4%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 9 |
| 82 | 88 | 96 | 119 | 138 | 162 | 187 | 197 | 219 | 239 | |
| 10 | 23 | 23 | 9 | 5 | 5 | 33 | 18 | 28 | 60 | |
| Trade Payables | 14 | 17 | 15 | 17 | 15 | 23 | 23 | 21 | 36 | 32 |
| 46 | 46 | 56 | 62 | 53 | 67 | 65 | 213 | 260 | 264 | |
| Total Liabilities | 157 | 179 | 196 | 211 | 215 | 263 | 313 | 456 | 551 | 604 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 82 | 89 | 111 | 127 | 134 | 129 | 128 | 140 | 294 | 408 | |
| Capital Work in Progress | 1 | 6 | 2 | 3 | 3 | 1 | 3 | 139 | 44 | 0 |
| 5 | 6 | 6 | 9 | 9 | 9 | 9 | 9 | 1 | 1 | |
| 16 | 21 | 22 | 23 | 18 | 31 | 52 | 54 | 55 | 68 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54 | 78 | |
| Cash & Bank | 1 | 1 | 1 | 1 | 9 | 25 | 18 | 2 | 1 | 15 |
| 52 | 57 | 53 | 48 | 42 | 68 | 103 | 112 | 103 | 33 | |
| Total Assets | 157 | 179 | 196 | 211 | 215 | 263 | 313 | 456 | 551 | 604 |
| Total Debt | 27 | 44 | 51 | 36 | 30 | 24 | 46 | 169 | 226 | 285 |
| Net Working Capital | 23 | 12 | 16 | 22 | 35 | 57 | 64 | 53 | 25 | 46 |
| Contingent Liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Book Value per Share | 162.83 | 174.81 | 189.36 | 231.65 | 267.38 | 312.58 | 358.41 | 378.55 | 302.68 | 277.87 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 27 | 44 | 51 | 36 | 30 | 24 | 46 | 169 | 226 | 285 |
| Net Working Capital | 23 | 12 | 16 | 22 | 35 | 57 | 64 | 53 | 25 | 46 |
| Contingent Liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Book Value per Share | 162.83 | 174.81 | 189.36 | 231.65 | 267.38 | 312.58 | 358.41 | 378.55 | 302.68 | 277.87 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 5
- 82
- 10
- Trade Payables
- 14
- 46
- Total Liabilities
- 157
- 82
- Capital Work in Progress
- 1
- 5
- 16
- 0
- Cash & Bank
- 1
- 52
- Total Assets
- 157
- Total Debt
- 27
- Net Working Capital
- 23
- Contingent Liabilities
- 1
- Book Value per Share
- 162.83
- Face Value
- 10.00
- Total Debt
- 27
- Net Working Capital
- 23
- Contingent Liabilities
- 1
- Book Value per Share
- 162.83
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 5
- 88
- 23
- Trade Payables
- 17
- 46
- Total Liabilities
- 179
- 89
- Capital Work in Progress
- 6
- 6
- 21
- 0
- Cash & Bank
- 1
- 57
- Total Assets
- 179
- Total Debt
- 44
- Net Working Capital
- 12
- Contingent Liabilities
- 1
- Book Value per Share
- 174.81
- Face Value
- 10.00
- Total Debt
- 44
- Net Working Capital
- 12
- Contingent Liabilities
- 1
- Book Value per Share
- 174.81
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 5
- 96
- 23
- Trade Payables
- 15
- 56
- Total Liabilities
- 196
- 111
- Capital Work in Progress
- 2
- 6
- 22
- 0
- Cash & Bank
- 1
- 53
- Total Assets
- 196
- Total Debt
- 51
- Net Working Capital
- 16
- Contingent Liabilities
- 1
- Book Value per Share
- 189.36
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 16
- Contingent Liabilities
- 1
- Book Value per Share
- 189.36
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 5
- 119
- 9
- Trade Payables
- 17
- 62
- Total Liabilities
- 211
- 127
- Capital Work in Progress
- 3
- 9
- 23
- 0
- Cash & Bank
- 1
- 48
- Total Assets
- 211
- Total Debt
- 36
- Net Working Capital
- 22
- Contingent Liabilities
- 1
- Book Value per Share
- 231.65
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 22
- Contingent Liabilities
- 1
- Book Value per Share
- 231.65
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 5
- 138
- 5
- Trade Payables
- 15
- 53
- Total Liabilities
- 215
- 134
- Capital Work in Progress
- 3
- 9
- 18
- 0
- Cash & Bank
- 9
- 42
- Total Assets
- 215
- Total Debt
- 30
- Net Working Capital
- 35
- Contingent Liabilities
- 1
- Book Value per Share
- 267.38
- Face Value
- 10.00
- Total Debt
- 30
- Net Working Capital
- 35
- Contingent Liabilities
- 1
- Book Value per Share
- 267.38
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 5
- 162
- 5
- Trade Payables
- 23
- 67
- Total Liabilities
- 263
- 129
- Capital Work in Progress
- 1
- 9
- 31
- 0
- Cash & Bank
- 25
- 68
- Total Assets
- 263
- Total Debt
- 24
- Net Working Capital
- 57
- Contingent Liabilities
- 1
- Book Value per Share
- 312.58
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- 57
- Contingent Liabilities
- 1
- Book Value per Share
- 312.58
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 5
- 187
- 33
- Trade Payables
- 23
- 65
- Total Liabilities
- 313
- 128
- Capital Work in Progress
- 3
- 9
- 52
- 0
- Cash & Bank
- 18
- 103
- Total Assets
- 313
- Total Debt
- 46
- Net Working Capital
- 64
- Contingent Liabilities
- 1
- Book Value per Share
- 358.41
- Face Value
- 10.00
- Total Debt
- 46
- Net Working Capital
- 64
- Contingent Liabilities
- 1
- Book Value per Share
- 358.41
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 5
- 197
- 18
- Trade Payables
- 21
- 213
- Total Liabilities
- 456
- 140
- Capital Work in Progress
- 139
- 9
- 54
- 0
- Cash & Bank
- 2
- 112
- Total Assets
- 456
- Total Debt
- 169
- Net Working Capital
- 53
- Contingent Liabilities
- 1
- Book Value per Share
- 378.55
- Face Value
- 10.00
- Total Debt
- 169
- Net Working Capital
- 53
- Contingent Liabilities
- 1
- Book Value per Share
- 378.55
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 7
- 219
- 28
- Trade Payables
- 36
- 260
- Total Liabilities
- 551
- 294
- Capital Work in Progress
- 44
- 1
- 55
- 54
- Cash & Bank
- 1
- 103
- Total Assets
- 551
- Total Debt
- 226
- Net Working Capital
- 25
- Contingent Liabilities
- 2
- Book Value per Share
- 302.68
- Face Value
- 10.00
- Total Debt
- 226
- Net Working Capital
- 25
- Contingent Liabilities
- 2
- Book Value per Share
- 302.68
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 9
- 239
- 60
- Trade Payables
- 32
- 264
- Total Liabilities
- 604
- 408
- Capital Work in Progress
- 0
- 1
- 68
- 78
- Cash & Bank
- 15
- 33
- Total Assets
- 604
- Total Debt
- 285
- Net Working Capital
- 46
- Contingent Liabilities
- 2
- Book Value per Share
- 277.87
- Face Value
- 10.00
- Total Debt
- 285
- Net Working Capital
- 46
- Contingent Liabilities
- 2
- Book Value per Share
- 277.87
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 14 | 18 | 45 | 32 | 25 | -7 | 21 | 19 | 8 | |
| Cash from Investing | -4 | -27 | -18 | -24 | -14 | 0 | -15 | -146 | -87 | -46 |
| Cash from Financing | -12 | 13 | 1 | -21 | -10 | -10 | 16 | 110 | 66 | 48 |
| -0 | -0 | -0 | 0 | 8 | 15 | -7 | -15 | -2 | 10 | |
| Free Cash Flow | 14 | 14 | -7 | 21 | 18 | 25 | -16 | -135 | -48 | -80 |
| OCF / Net Profit | 1.36 | 2.23 | 2.15 | 1.94 | 1.63 | 1.02 | -0.29 | 1.86 | 2.47 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 60 | 71 | 41 | -87 | -156 | -253 |
| OCF / Net Profit | 1.36 | 2.23 | 2.15 | 1.94 | 1.63 | 1.02 | -0.29 | 1.86 | 2.47 | 0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 60 | 71 | 41 | -87 | -156 | -253 |
Mar 2016
- 16
- Cash from Investing
- -4
- Cash from Financing
- -12
- -0
- Free Cash Flow
- 14
- OCF / Net Profit
- 1.36
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.36
- Cumulative 5-Year FCF
- 0
Mar 2017
- 14
- Cash from Investing
- -27
- Cash from Financing
- 13
- -0
- Free Cash Flow
- 14
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 0
Mar 2018
- 18
- Cash from Investing
- -18
- Cash from Financing
- 1
- -0
- Free Cash Flow
- -7
- OCF / Net Profit
- 2.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.15
- Cumulative 5-Year FCF
- 0
Mar 2019
- 45
- Cash from Investing
- -24
- Cash from Financing
- -21
- 0
- Free Cash Flow
- 21
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 0
Mar 2020
- 32
- Cash from Investing
- -14
- Cash from Financing
- -10
- 8
- Free Cash Flow
- 18
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 60
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 60
Mar 2021
- 25
- Cash from Investing
- 0
- Cash from Financing
- -10
- 15
- Free Cash Flow
- 25
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 71
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 71
Mar 2022
- -7
- Cash from Investing
- -15
- Cash from Financing
- 16
- -7
- Free Cash Flow
- -16
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- 41
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- 41
Mar 2023
- 21
- Cash from Investing
- -146
- Cash from Financing
- 110
- -15
- Free Cash Flow
- -135
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- -87
- OCF / Net Profit
- 1.86
- Cumulative 5-Year FCF
- -87
Mar 2024
- 19
- Cash from Investing
- -87
- Cash from Financing
- 66
- -2
- Free Cash Flow
- -48
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- -156
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- -156
Mar 2025
- 8
- Cash from Investing
- -46
- Cash from Financing
- 48
- 10
- Free Cash Flow
- -80
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- -253
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- -253
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 22.58 | 11.96 | 15.41 | 43.18 | 36.68 | 46.02 | 46.77 | 21.07 | 10.52 | 10.53 |
| Book Value (₹) | 162.83 | 174.81 | 189.36 | 231.65 | 267.38 | 312.58 | 358.41 | 378.55 | 302.68 | 277.87 |
| Dividend per Share (₹) | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 21.78 | 14.92 | 18.58 | 38.05 | 34.36 | 40.60 | 40.88 | 23.35 | 22.67 | 28.88 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.50% | 8.39% | 9.73% | 16.60% | 14.59% | 17.21% | 11.22% | 7.95% | 7.06% | 10.09% |
| Net Margin % | 5.12% | 2.89% | 3.27% | 8.58% | 8.17% | 9.25% | 5.99% | 3.04% | 2.68% | 1.86% |
| ROE % | 14.86% | 7.08% | 8.46% | 20.51% | 14.70% | 15.87% | 13.94% | 5.72% | 3.67% | 3.96% |
| ROCE % | 19.69% | 10.49% | 12.09% | 24.20% | 16.50% | 21.02% | 18.43% | 7.33% | 4.44% | 7.42% |
| 7.93% | 3.81% | 4.41% | 11.37% | 9.22% | 10.32% | 8.70% | 2.94% | 1.57% | 1.63% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 48 | 56 | 52 | 49 | 49 | 52 | 43 | 48 | 59 | 48 |
| Inventory Days | 28 | 31 | 31 | 31 | 31 | 34 | 37 | 52 | 68 | 45 |
| Payable Days | 35 | 42 | 36 | 39 | 45 | 46 | 32 | 35 | 61 | 40 |
| 41 | 45 | 47 | 41 | 35 | 39 | 47 | 65 | 66 | 52 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.30x | 0.47x | 0.50x | 0.29x | 0.21x | 0.15x | 0.24x | 0.84x | 1.00x | 1.15x |
| Interest Coverage (x) | 5.42x | 3.17x | 3.10x | 7.33x | 6.25x | 10.94x | 8.72x | 3.44x | 2.48x | 1.62x |
| 1.61x | 1.25x | 1.33x | 1.63x | 2.08x | 2.02x | 1.82x | 1.79x | 1.24x | 1.32x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.72% | -6.12% | 19.46% | 8.20% | -10.86% | 10.90% | 56.87% | -11.09% | -20.80% | 71.65% |
| Operating Profit Growth % | 39.56% | -31.51% | 32.08% | 82.11% | -21.68% | 30.86% | 2.22% | -37.00% | -7.18% | 93.05% |
| Net Profit Growth % | 69.88% | -47.06% | 28.88% | 180.21% | -15.04% | 25.45% | 1.63% | -54.94% | -30.14% | 19.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -50.10% | 0.18% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.85x | 18.06x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.62x | 0.68x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.35x | 8.30x |
Mar 2016
- EPS (₹)
- 22.58
- Book Value (₹)
- 162.83
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 21.78
- Operating Margin %
- 11.50%
- Net Margin %
- 5.12%
- ROE %
- 14.86%
- ROCE %
- 19.69%
- 7.93%
- Debtor Days
- 48
- Inventory Days
- 28
- Payable Days
- 35
- 41
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 5.42x
- 1.61x
- Revenue Growth %
- 17.72%
- Operating Profit Growth %
- 39.56%
- Net Profit Growth %
- 69.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 11.96
- Book Value (₹)
- 174.81
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 14.92
- Operating Margin %
- 8.39%
- Net Margin %
- 2.89%
- ROE %
- 7.08%
- ROCE %
- 10.49%
- 3.81%
- Debtor Days
- 56
- Inventory Days
- 31
- Payable Days
- 42
- 45
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 3.17x
- 1.25x
- Revenue Growth %
- -6.12%
- Operating Profit Growth %
- -31.51%
- Net Profit Growth %
- -47.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 15.41
- Book Value (₹)
- 189.36
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 18.58
- Operating Margin %
- 9.73%
- Net Margin %
- 3.27%
- ROE %
- 8.46%
- ROCE %
- 12.09%
- 4.41%
- Debtor Days
- 52
- Inventory Days
- 31
- Payable Days
- 36
- 47
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 3.10x
- 1.33x
- Revenue Growth %
- 19.46%
- Operating Profit Growth %
- 32.08%
- Net Profit Growth %
- 28.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 43.18
- Book Value (₹)
- 231.65
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 38.05
- Operating Margin %
- 16.60%
- Net Margin %
- 8.58%
- ROE %
- 20.51%
- ROCE %
- 24.20%
- 11.37%
- Debtor Days
- 49
- Inventory Days
- 31
- Payable Days
- 39
- 41
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 7.33x
- 1.63x
- Revenue Growth %
- 8.20%
- Operating Profit Growth %
- 82.11%
- Net Profit Growth %
- 180.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 36.68
- Book Value (₹)
- 267.38
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 34.36
- Operating Margin %
- 14.59%
- Net Margin %
- 8.17%
- ROE %
- 14.70%
- ROCE %
- 16.50%
- 9.22%
- Debtor Days
- 49
- Inventory Days
- 31
- Payable Days
- 45
- 35
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 6.25x
- 2.08x
- Revenue Growth %
- -10.86%
- Operating Profit Growth %
- -21.68%
- Net Profit Growth %
- -15.04%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 46.02
- Book Value (₹)
- 312.58
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 40.60
- Operating Margin %
- 17.21%
- Net Margin %
- 9.25%
- ROE %
- 15.87%
- ROCE %
- 21.02%
- 10.32%
- Debtor Days
- 52
- Inventory Days
- 34
- Payable Days
- 46
- 39
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 10.94x
- 2.02x
- Revenue Growth %
- 10.90%
- Operating Profit Growth %
- 30.86%
- Net Profit Growth %
- 25.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 46.77
- Book Value (₹)
- 358.41
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 40.88
- Operating Margin %
- 11.22%
- Net Margin %
- 5.99%
- ROE %
- 13.94%
- ROCE %
- 18.43%
- 8.70%
- Debtor Days
- 43
- Inventory Days
- 37
- Payable Days
- 32
- 47
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 8.72x
- 1.82x
- Revenue Growth %
- 56.87%
- Operating Profit Growth %
- 2.22%
- Net Profit Growth %
- 1.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 21.07
- Book Value (₹)
- 378.55
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 23.35
- Operating Margin %
- 7.95%
- Net Margin %
- 3.04%
- ROE %
- 5.72%
- ROCE %
- 7.33%
- 2.94%
- Debtor Days
- 48
- Inventory Days
- 52
- Payable Days
- 35
- 65
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 3.44x
- 1.79x
- Revenue Growth %
- -11.09%
- Operating Profit Growth %
- -37.00%
- Net Profit Growth %
- -54.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 10.52
- Book Value (₹)
- 302.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 22.67
- Operating Margin %
- 7.06%
- Net Margin %
- 2.68%
- ROE %
- 3.67%
- ROCE %
- 4.44%
- 1.57%
- Debtor Days
- 59
- Inventory Days
- 68
- Payable Days
- 61
- 66
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- 2.48x
- 1.24x
- Revenue Growth %
- -20.80%
- Operating Profit Growth %
- -7.18%
- Net Profit Growth %
- -30.14%
- -50.10%
- P/E (x)
- 17.85x
- P/B (x)
- 0.62x
- Dividend Yield %
- 0.00%
- 13.35x
Mar 2025
- EPS (₹)
- 10.53
- Book Value (₹)
- 277.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.88
- Operating Margin %
- 10.09%
- Net Margin %
- 1.86%
- ROE %
- 3.96%
- ROCE %
- 7.42%
- 1.63%
- Debtor Days
- 48
- Inventory Days
- 45
- Payable Days
- 40
- 52
- Debt to Equity (x)
- 1.15x
- Interest Coverage (x)
- 1.62x
- 1.32x
- Revenue Growth %
- 71.65%
- Operating Profit Growth %
- 93.05%
- Net Profit Growth %
- 19.09%
- 0.18%
- P/E (x)
- 18.06x
- P/B (x)
- 0.68x
- Dividend Yield %
- 0.00%
- 8.30x
Documents
Announcements
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Annual Reports
Credit Ratings
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Concalls
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