Price
Financials
Standalone, Rs crore| Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 46.65 | 61.48 | 59.69 | 55.83 | 45.99 | 57.07 | 64.39 | 49.14 | 46.47 |
| Operating costs | 54.78 | 60.05 | 54.91 | 53.42 | 51.12 | 55.72 | 56.84 | 60.33 | 52.82 |
| EBITDA | -8.13 | 1.43 | 4.78 | 2.41 | -5.13 | 1.35 | 7.55 | -11.19 | -6.35 |
| EBITDA margin % | -17.43% | 2.33% | 8.01% | 4.32% | -11.15% | 2.37% | 11.73% | -22.77% | -13.66% |
| Depreciation & amortisation | 0.39 | 0.33 | 0.28 | 0.27 | 0.25 | 0.21 | 0.22 | 0.12 | 0.05 |
| Finance costs | 0.01 | 0.77 | 0.00 | 0.04 | 0.13 | 0.01 | 0.01 | 0.24 | -0.07 |
| Non-operating income | 2.58 | 2.45 | 2.25 | 2.68 | 2.58 | 2.29 | 2.88 | 2.17 | 6.88 |
| Pre-tax profit | -5.95 | 2.78 | 6.75 | 4.78 | -2.93 | 3.42 | 10.20 | -9.38 | 0.55 |
| Effective tax rate % | -31.93% | 33.81% | 35.26% | 27.20% | -60.07% | 33.92% | 34.22% | -31.34% | 140.00% |
| Profit after tax | -4.05 | 1.84 | 4.37 | 3.48 | -1.17 | 2.26 | 6.71 | -6.44 | -0.22 |
| Earnings per share (Rs) | -10.38 | 4.72 | 11.21 | 8.92 | -3.00 | 5.79 | 17.21 | -16.51 | -0.56 |
| Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 184 | 190 | 213 | 213 | 265 | 230 | 155 | 142 | 122 | 100 | 109 | 70 |
| Operating costs | 167 | 179 | 218 | 228 | 270 | 239 | 182 | 119 | 99 | 79 | 79 | 44 |
| EBITDA | 17 | 11 | -5 | -15 | -5 | -9 | -27 | 23 | 22 | 21 | 30 | 26 |
| EBITDA margin % | 9% | 6% | -2.3% | -7% | -1.8% | -3.8% | -17% | 16% | 18% | 21% | 28% | 38% |
| Depreciation & amortisation | 1 | 2 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Finance costs | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-operating income | 6 | 8 | 9 | 10 | 13 | 14 | 6 | 7 | 7 | 19 | 9 | 5 |
| Pre-tax profit | 22 | 17 | 3 | -7 | 5 | 5 | -21 | 29 | 29 | 39 | 39 | 31 |
| Effective tax rate % | 39% | 31% | 32% | -31% | 18% | 52% | -33% | 39% | 39% | 30% | 27% | 41% |
| Profit after tax | 13 | 12 | 2 | -5 | 4 | 2 | -14 | 18 | 18 | 28 | 28 | 18 |
| Earnings per share (Rs) | 34.51 | 30.92 | 4.72 | -12.79 | 11.46 | 5.92 | -36.26 | 45.46 | 45.72 | 71.26 | 72.67 | 46.36 |
| Paid out as dividend % | 13% | 15% | 74% | -8% | 17% | 25% | 0% | 2% | 2% | 5% | 1% | 654% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | -10% | -15% | -17% | -36% | ||
| Profit CAGR | 4% | 27% | 1% | -36% | ||
| Share price CAGR | % | % | % | % | ||
| Average return on equity | 6% | 13% | 13% | 11% |
| Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 6 | 6 | 4 | 3 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current & other assets | 156 | 187 | 212 | 198 | 206 | 190 | 177 | 204 | 211 | 226 | 255 | 150 |
| Total assets | 177 | 192 | 216 | 201 | 208 | 191 | 179 | 205 | 212 | 227 | 255 | 150 |
| Share capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves & surplus | 136 | 146 | 146 | 141 | 144 | 146 | 132 | 150 | 167 | 194 | 222 | 111 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities & provisions | 37 | 42 | 66 | 56 | 59 | 41 | 43 | 52 | 41 | 28 | 29 | 35 |
| Equity + liabilities | 177 | 192 | 216 | 201 | 208 | 191 | 179 | 205 | 212 | 227 | 255 | 150 |
| Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -5 | 6 | 11 | -27 | 9 | -76 | 6 | 17 | 7 | 7 | 4 | 34 |
| Investing cash flow | 1 | 18 | 8 | 8 | 10 | 13 | -31 | 42 | -43 | -3 | 70 | 4 |
| Free cash flow (after capex) | -9 | 4 | 11 | -27 | 9 | -76 | 5 | 17 | 8 | 7 | 4 | 34 |
| Financing cash flow | -1 | -2 | -2 | -2 | -1 | -1 | -1 | -0 | -0 | -1 | -1 | -129 |
| Net change in cash | -5 | 22 | 17 | -20 | 18 | -64 | -26 | 58 | -36 | 3 | 73 | -92 |
| Cash conversion (OCF / EBITDA) % | 37% | 143% | -329% | 156% | -376% | 764% | -68% | 156% | 97% | 112% | 81% | 163% |
| Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 17% | 12% | 2% | -5% | 4% | 3% | -15% | 20% | 18% | 22% | 18% | 18% |
| Receivable days | 29 | 22 | 16 | 11 | 4 | 32 | 21 | 26 | 10 | 12 | 59 | 34 |
| Inventory days | 142 | 125 | 145 | 138 | 97 | 175 | 118 | 167 | 117 | 119 | 21 | 121 |
| Payable days | 112 | 127 | 160 | 123 | 126 | 68 | 92 | 220 | 217 | 155 | 193 | 222 |
| Cash cycle (days) | 59 | 20 | 1 | 26 | -25 | 139 | 47 | -27 | -90 | -25 | -113 | -67 |
| Working capital days | 50 | 52 | -2 | 17 | -14 | 75 | 9 | -13 | -20 | 7 | 24 | -32 |
Fundamentals
Market value₹ Cr.
Last price₹ 2,362
Book value / share₹ 294
Return on capital18.1 %
Return on equity10.6 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)-36%
Profit CAGR (TTM)-36%
Standalone figures.
Valuation
P/E, 3-year average38.28x
P/B, 3-year average5.49x
P/E, 5-year average43.69x
P/B, 5-year average5.58x
Profitability
Operating margin (excl. other income)37.50%
Operating margin (incl. other income)43.93%
EBITDA margin1.15%
Pre-tax margin0.60%
Net profit margin0.63%
Net margin, latest quarter-13.11%
ROE10.61%
ROCE18.06%
ROA8.94%
ROE, 3-year average13.02%
ROCE, 3-year average19.34%
ROA, 3-year average11.13%
ROE, 5-year average12.46%
ROCE, 5-year average19.19%
ROA, 5-year average10.23%
ROIC (approx.)1.46%
Tax rate41.22%
Other income / net worth3.93%
Growth
Sales growth (latest year)-35.94%
Profit growth (latest year)-36.20%
Sales CAGR, 3 years-16.77%
Sales CAGR, 5 years-14.71%
Profit CAGR, 3 years0.47%
Sales growth QoQ-23.68%
Profit growth QoQ-195.98%
Sales growth YoY (latest quarter)-11.98%
Profit growth YoY (latest quarter)-285.06%
Per share
EPS (TTM)Rs 3.61
EPS (latest year)Rs 48.01
EPS (latest quarter)Rs -17.10
EPS, 3-year averageRs 63.98
EPS, 5-year averageRs 56.62
Book value per shareRs 304.62
Sales per shareRs 575.12
Cash flow per shareRs 89.14
Dividend per share (latest year)Rs 313.78
Dividend per share, 3-year averageRs 106.23
Dividend per share, 5-year averageRs 64.14
Dividends
Dividend payout653.60%
Dividend payout, 3-year average220.15%
Dividend payout, 5-year average132.97%
Efficiency
Asset turnover0.47x
Fixed asset turnover7006.00x
Inventory turnover3.08x
Inventory days118 days
Debtor days34 days
Debtors turnover10.60x
Leverage
Cash and bankRs 46 Cr
Net debtRs -46 Cr
Net debt / EBITDA-18.46x
Interest coverage4.36x
Owners' fund to total sources76.64%
Cash flow
Operating cash flow (latest year)Rs 34 Cr
Investing cash flow (latest year)Rs 4 Cr
Financing cash flow (latest year)Rs -129 Cr
Net change in cash (latest year)Rs -92 Cr
Sales to cash flow2.09x
Statement figures
Net sales (TTM)Rs 217 Cr
Net sales (latest year)Rs 70 Cr
Sales (latest quarter)Rs 49 Cr
Operating profit excl. other income (latest year)Rs 26 Cr
Operating profit (latest quarter)Rs -11 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 18 Cr
Net profit (latest quarter)Rs -6 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 27 Cr
Total expenditure (latest year)Rs 44 Cr
Total income (latest year)Rs 75 Cr
Share capitalRs 4 Cr
ReservesRs 111 Cr
Shareholders' fundsRs 115 Cr
Total assetsRs 150 Cr
Net blockRs 0 Cr
ReceivablesRs 7 Cr
InventoryRs 9 Cr
Other liabilitiesRs 35 Cr
Shares outstanding (crore)0.38
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 8 of 8| look | Inventory outrunning sales Inventory grew 310% vs sales -36% in 2021 |
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
Mar 2015Sales ₹46 Cr +1.0% vs Mar 2014.
Net loss ₹0 Cr.
Activity
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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 Fulford (India) Ltd?
Fulford (India) Ltd (506803) has a market capitalisation of Rs Cr. at the close.
What were Fulford (India) Ltd's latest quarterly results?
In the Mar 2015 quarter, Fulford (India) Ltd sales was Rs 46 Cr (+1.0% vs Mar 2014) with a net loss of Rs 0 Cr.