Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.92 | 3.12 | 5.88 | 3.21 | 5.54 | 3.55 | 4.92 | 6.67 | 8.17 | 4.99 | 7.02 | 5.83 |
| Expenses | 5.11 | 5.55 | 7.90 | 6.21 | 8.49 | 5.75 | 6.00 | 8.96 | 7.78 | 8.01 | 9.34 | 5.03 |
| Operating Profit | -2.19 | -2.43 | -2.02 | -3.00 | -2.95 | -2.20 | -1.08 | -2.29 | 0.39 | -3.02 | -2.32 | 0.80 |
| OPM % | -75.00% | -77.88% | -34.35% | -93.46% | -53.25% | -61.97% | -21.95% | -34.33% | 4.77% | -60.52% | -33.05% | 13.72% |
| Other Income | 1.84 | 1.59 | 17.10 | 1.88 | 2.00 | 2.81 | 2.55 | 2.68 | 2.90 | 2.19 | 2.68 | 2.14 |
| Interest | 0.00 | 0.47 | 0.01 | 0.17 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.07 | 0.06 | 0.08 |
| Profit before tax | -0.40 | -1.36 | 15.02 | -1.33 | -1.00 | 0.55 | 1.42 | 0.35 | 3.24 | -0.91 | 0.30 | 2.86 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.40 | -1.36 | 15.02 | -1.34 | -1.00 | 0.55 | 1.41 | 0.35 | 3.23 | -0.91 | 0.30 | 2.87 |
| EPS in Rs | -0.33 | -1.13 | 12.49 | -1.11 | -0.83 | 0.46 | 1.17 | 0.29 | 2.69 | -0.76 | 0.25 | 2.39 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.16 | 27.96 | 37.91 | 44.66 | 27.60 | 20.58 | 10.76 | 10.59 | 15.05 | 17.21 | 26.85 | 26.01 |
| Expenses | 39.25 | 42.72 | 50.82 | 55.94 | 47.53 | 40.57 | 31.57 | 27.07 | 24.15 | 26.40 | 34.08 | 30.16 |
| Operating Profit | -19.09 | -14.76 | -12.91 | -11.28 | -19.93 | -19.99 | -20.81 | -16.48 | -9.10 | -9.19 | -7.23 | -4.15 |
| OPM % | -94.69% | -52.79% | -34.05% | -25.26% | -72.21% | -97.13% | -193.40% | -155.62% | -60.47% | -53.40% | -26.93% | -15.96% |
| Other Income | 8.93 | 9.06 | 8.80 | 9.46 | 9.01 | 8.48 | 7.91 | 1.13 | 19.95 | 9.24 | 10.45 | 9.91 |
| Interest | 0.09 | 0.06 | 0.11 | 0.34 | 0.07 | 0.04 | 0.03 | 0.04 | 0.50 | 0.23 | 0.03 | 0.02 |
| Depreciation | 0.22 | 0.53 | 0.61 | 0.55 | 0.44 | 0.35 | 0.29 | 0.23 | 0.20 | 0.20 | 0.21 | 0.25 |
| Profit before tax | -10.47 | -6.29 | -4.83 | -2.71 | -11.43 | -11.90 | -13.22 | -15.62 | 10.15 | -0.38 | 2.98 | 5.49 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -5.52% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | -10.48 | -6.29 | -4.83 | -2.70 | -11.43 | -11.90 | -12.49 | -15.62 | 10.15 | -0.38 | 2.98 | 5.49 |
| EPS in Rs | -8.72 | -5.23 | -4.02 | -2.25 | -9.51 | -9.90 | -10.39 | -12.99 | 8.44 | -0.32 | 2.48 | 4.57 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | 5% | 36% | 26% | ||
| Compounded Profit Growth | 9% | 18% | 33% | 745% | ||
| Stock Price CAGR | 5% | 13% | 7% | 15% | ||
| Return on Equity | -12% | -15% | -1% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 | 12.05 |
| Reserves | 82.07 | 71.59 | 65.35 | 61.53 | 58.58 | 46.22 | 35.08 | 22.36 | 6.59 | 16.78 | 16.50 | 18.40 |
| Borrowings | 0.00 | 0.00 | 0.50 | 1.89 | 0.00 | 0.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 42.56 | 52.63 | 58.15 | 57.90 | 77.33 | 76.27 | 76.83 | 77.22 | 74.65 | 67.49 | 66.66 | 58.49 |
| Total Liabilities | 136.68 | 136.27 | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 96.32 | 95.21 | 88.94 |
| Fixed Assets | 4.19 | 5.66 | 5.66 | 5.65 | 5.32 | 4.97 | 4.63 | 4.12 | 3.89 | 3.71 | 3.90 | 4.17 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 6.99 | 0.00 | 0.00 | 0.00 |
| Other Assets | 132.49 | 123.62 | 123.40 | 120.73 | 135.65 | 122.97 | 112.34 | 100.52 | 82.41 | 92.61 | 91.31 | 84.77 |
| Total Assets | 136.68 | 136.27 | 136.05 | 133.37 | 147.96 | 134.93 | 123.96 | 111.63 | 93.29 | 96.32 | 95.21 | 88.94 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -16.56 | -0.86 | -12.03 | -13.83 | -4.93 | -10.34 | -4.78 | -15.11 | -22.97 | -1.21 | -9.39 | -6.69 |
| Cash from Investing Activity | 18.79 | 1.38 | 10.41 | 15.75 | 4.00 | 14.22 | 5.90 | 8.64 | 23.08 | 25.35 | -9.78 | 8.90 |
| Cash from Financing Activity | -1.14 | -0.07 | 0.45 | 1.29 | -2.21 | 0.33 | -0.42 | 3.88 | -0.04 | -4.40 | 0.00 | -0.03 |
| Net Cash Flow | 1.10 | 0.44 | -1.17 | 3.21 | -3.13 | 4.21 | 0.70 | -2.59 | 0.08 | 19.74 | -19.17 | 2.18 |
| Free Cash Flow | -16.64 | -2.67 | -12.46 | -14.41 | -5.15 | -10.43 | -4.79 | -15.12 | -22.96 | -1.23 | -9.54 | -7.18 |
| CFO/OP | 91% | 6% | 88% | 111% | 44% | 52% | 24% | 73% | 139% | 13% | 102% | 82% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 292.03 | 261.26 | 201.17 | 182.45 | 226.96 | 321.09 | 323.50 | 353.81 | 352.25 | 257.56 | 204.66 | 180.39 |
| Inventory Days | 723.93 | 723.92 | 697.89 | 480.62 | 407.15 | 538.64 | 629.67 | 2,113.82 | 1,268.59 | 1,038.75 | 738.50 | 114.66 |
| Days Payable | 553.25 | 568.95 | 478.95 | 316.73 | 297.62 | 381.05 | 537.64 | 1,645.34 | 1,098.87 | 914.89 | 615.70 | 513.50 |
| Cash Conversion Cycle | 462.71 | 416.22 | 420.12 | 346.34 | 336.49 | 478.69 | 415.53 | 822.28 | 521.96 | 381.42 | 327.46 | -218.45 |
| Working Capital Days | 361.70 | 203.86 | 113.83 | 92.62 | 38.25 | -39.67 | -257.88 | -752.73 | -714.49 | -430.97 | -339.13 | -446.97 |
| ROCE % | -8.45% | -11.26% | -7.84% | -6.18% | -3.24% | -17.57% | -22.42% | -32.38% | -32.61% | -9.35% | -2.82% | 10.20% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% | 71.28% |
| FIIs | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% | 4.78% |
| DIIs | 0.25% | 0.25% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 23.68% | 23.68% | 23.92% | 23.91% | 23.92% | 23.91% | 23.91% | 23.91% | 23.92% | 23.91% | 23.92% | 23.91% |
| No. of Shareholders | 9,868 | 9,800 | 9,841 | 9,881 | 9,968 | 10,105 | 10,138 | 10,087 | 10,059 | 9,932 | 9,884 | 9,875 |
Fundamentals
Market Cap₹ 69.6 Cr.
Current Price₹ 57.9
Stock P/E12.7
Book Value₹ 25.3
ROCE10.2 %
ROE10.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)745%
Standalone figures.
Valuation
Market capRs 67 Cr
Enterprise valueRs 8 Cr
P/E (TTM)12.19x
Price to book2.20x
Price to sales2.57x
EV / EBITDA1.40x
EV / EBIT1.46x
EV / sales0.31x
Earnings yield8.20%
P/E, 3-year average6.20x
P/B, 3-year average2.08x
P/E, 5-year average6.20x
P/B, 5-year average1.82x
Profitability
Operating margin (excl. other income)-26.93%
Operating margin (incl. other income)11.99%
EBITDA margin22.18%
Pre-tax margin21.11%
Net profit margin21.11%
Net margin, latest quarter49.23%
ROE10.10%
ROCE10.20%
ROA3.24%
ROE, 3-year average17.18%
ROCE, 3-year average18.18%
ROA, 3-year average4.52%
ROE, 5-year average-7.60%
ROCE, 5-year average-7.31%
ROA, 5-year average-2.46%
Other income / net worth34.32%
Growth
Sales growth (latest year)56.01%
Sales CAGR, 3 years36.36%
Sales CAGR, 5 years5.46%
Sales growth QoQ-16.95%
Profit growth QoQ856.67%
Sales growth YoY (latest quarter)-12.59%
Profit growth YoY (latest quarter)720.00%
Per share
EPS (TTM)Rs 4.57
EPS (latest quarter)Rs 2.39
EPS, 3-year averageRs 4.06
EPS, 5-year averageRs -3.81
Book value per shareRs 25.33
Sales per shareRs 21.64
Cash flow per shareRs -5.57
Free cash flow per shareRs -5.97
Efficiency
Asset turnover0.30x
Fixed asset turnover6.44x
Inventory turnover3.18x
Inventory days115 days
Debtor days180 days
Debtors turnover2.02x
Creditor days514 days
Cash conversion cycle-218 days
Working capital days-447 days
Leverage
Cash and bankRs 59 Cr
Net debtRs -59 Cr
Net debt / EBITDA-10.21x
Interest coverage184.00x
Owners' fund to total sources34.24%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs 9 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -7 Cr
Statement figures
Net sales (TTM)Rs 26 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs -7 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 34 Cr
Total income (latest year)Rs 37 Cr
Share capitalRs 12 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 30 Cr
Total assetsRs 89 Cr
Net blockRs 4 Cr
ReceivablesRs 13 Cr
InventoryRs 3 Cr
Other liabilitiesRs 58 Cr
Shares outstanding (crore)1.20
Ownership
Promoter holding71.28% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.2 is at the 50th percentile of its own 2.2-year range
(median 12.2, low 4.3, high 56.1).
P/B 2.20 is at the 76th percentile (median 0.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 500346 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.8% | -2.8% | -2.0 pts |
| 1 month | -1.9% | -6.8% | +4.9 pts |
| 3 months | +13.5% | -7.6% | +21.1 pts |
| 3 years | +14.6% | +14.2% | +0.4 pts |
| 5 years | +73.3% | +27.9% | +45.4 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -136% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 11% of total assets in 2026 |
| look | Profit leans on other income Other income was 351% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹6 Cr -12.6% vs Jun 2025.
Net profit ₹3 Cr +720.0%.
Activity
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| ADC India Communications Ltd | 1,055 | 46.8 | 31.4 % |
| Frog Innovations Ltd | 408 | -1.91 % | |
| Umiya Buildcon Ltd | 176 | 19.6 | 12.8 % |
| Aksh Optifibre Ltd | 115 | -6.63 % | |
| Tamil Nadu Telecommunications Ltd | 66 | % | |
| Telogica Ltd | 54 | 7.05 % | |
| Clenon Enterprises Ltd | 42 | -16.4 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Punjab Communications Ltd?
Punjab Communications Ltd (500346) has a market capitalisation of Rs 69.6 Cr. at the 2026-10-01 close.
What is the P/E ratio of Punjab Communications Ltd?
Punjab Communications Ltd trades at a P/E of 12.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Punjab Communications Ltd's latest quarterly results?
In the Jun 2026 quarter, Punjab Communications Ltd sales was Rs 6 Cr (-12.6% vs Jun 2025) and net profit was Rs 3 Cr.