Price
Financials
Consolidated, 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 | 52.23 | 61.99 | 62.35 | 65.86 | 52.47 | 67.58 | 63.49 | 67.60 | 58.90 | 67.12 | 68.49 | 67.89 |
| Expenses | 53.44 | 59.66 | 60.73 | 66.95 | 54.18 | 65.35 | 60.56 | 68.47 | 61.38 | 66.17 | 66.71 | 69.93 |
| Operating Profit | -1.21 | 2.33 | 1.62 | -1.09 | -1.71 | 2.23 | 2.93 | -0.87 | -2.48 | 0.95 | 1.78 | -2.04 |
| OPM % | -2.32% | 3.76% | 2.60% | -1.66% | -3.26% | 3.30% | 4.61% | -1.29% | -4.21% | 1.42% | 2.60% | -3.00% |
| Other Income | 1.02 | 1.07 | 1.63 | 1.32 | 1.19 | 1.66 | 2.23 | 2.25 | 2.08 | 2.25 | 1.91 | 2.34 |
| Interest | 0.81 | 0.82 | 0.95 | 0.68 | 0.70 | 0.71 | 0.88 | 0.68 | 0.93 | 1.39 | 0.87 | 0.55 |
| Depreciation | 0.45 | 0.36 | 0.41 | 0.63 | 0.10 | 0.36 | 1.07 | 0.55 | 0.61 | 0.60 | 0.52 | 0.62 |
| Profit before tax | -1.45 | 2.22 | 1.89 | -1.08 | -1.32 | 2.82 | 3.21 | 0.15 | -1.94 | 1.21 | 2.30 | -0.87 |
| Tax % | 0.00% | 0.00% | 24.34% | 0.00% | 0.00% | 0.00% | -5.92% | 0.00% | 0.00% | 0.00% | -29.13% | 0.00% |
| Net Profit | -1.46 | 2.22 | 1.43 | -1.08 | -1.32 | 2.81 | 3.39 | 0.16 | -1.94 | 1.21 | 2.96 | -0.88 |
| EPS in Rs | -4.87 | 7.40 | 4.77 | -3.60 | -4.40 | 9.37 | 11.30 | 0.53 | -6.47 | 4.03 | 9.87 | -2.93 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 298 | 290 | 307 | 248 | 37 | 87 | 214 | 242 | 250 | 262 | 262 |
| Expenses | 36 | 299 | 291 | 306 | 249 | 41 | 88 | 210 | 239 | 247 | 262 | 264 |
| Operating Profit | 4 | -2 | -1 | 0 | -2 | -3 | -1 | 4 | 4 | 3 | -0 | -2 |
| OPM % | 9% | -0.5% | -0.2% | 0.2% | -0.6% | -8% | -0.9% | 1.9% | 1.5% | 1.2% | -0.2% | -0.7% |
| Other Income | 1 | 7 | 6 | 7 | 5 | 2 | 3 | 4 | 5 | 6 | 8 | 9 |
| Interest | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | 0 | 1 | -2 | -6 | -3 | 3 | 4 | 4 | 2 | 1 |
| Tax % | 11% | 31% | 21% | 16% | 7% | 13% | 8% | -13% | 13% | -5% | -39% | |
| Net Profit | 0 | 0 | 0 | 1 | -2 | -7 | -3 | 3 | 3 | 4 | 2 | 1 |
| EPS in Rs | 1.33 | 1.47 | 1.30 | 4.17 | -5.63 | -24.10 | -10.50 | 11.10 | 10.37 | 12.67 | 7.97 | 4.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 21% | 48% | 7% | 4% | ||
| Compounded Profit Growth | 20% | 18% | -10% | -73% | ||
| Stock Price CAGR | 17% | 55% | % | % | ||
| Return on Equity | % | % | % | % |
| 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -12 | -11 | -11 | -11 | -10 | -12 | -19 | -22 | -20 | -18 | -14 | -12 |
| Borrowings | 15 | 18 | 24 | 30 | 33 | 24 | 25 | 23 | 24 | 25 | 24 | 20 |
| Other Liabilities | 43 | 45 | 44 | 45 | 40 | 49 | 52 | 53 | 48 | 43 | 44 | 45 |
| Total Liabilities | 49 | 55 | 60 | 68 | 66 | 64 | 60 | 56 | 55 | 54 | 57 | 56 |
| Fixed Assets | 21 | 20 | 21 | 24 | 25 | 27 | 26 | 24 | 23 | 25 | 24 | 22 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 2 | 0 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 28 | 33 | 39 | 43 | 39 | 35 | 35 | 31 | 32 | 28 | 33 | 34 |
| Total Assets | 49 | 55 | 60 | 68 | 66 | 64 | 60 | 56 | 55 | 54 | 57 | 56 |
| 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 | 6 | 3 | 7 | 3 | 3 | 5 | 3 | 3 | 5 | 5 | 7 | 4 |
| Cash from Investing Activity | -4 | -1 | -2 | -4 | -2 | -2 | 1 | 0 | -0 | -3 | -1 | -0 |
| Cash from Financing Activity | -2 | -3 | -3 | 0 | -2 | -3 | -3 | -4 | -4 | -3 | -3 | -4 |
| Net Cash Flow | -0 | -0 | 1 | -1 | -1 | 0 | 1 | -0 | 1 | -2 | 3 | -0 |
| Free Cash Flow | 2 | 2 | 4 | -1 | 0 | 3 | 4 | 3 | 5 | 2 | 6 | 4 |
| CFO/OP | 198% | 91% | -407% | -344% | 804% | -371% | -68% | -496% | 125% | 134% | 255% | -915% |
| 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 | 169 | 186 | 30 | 30 | 29 | 31 | 141 | 83 | 35 | 28 | 31 | 30 |
| Inventory Days | 297 | 4 | 6 | 4 | 4 | 23 | 8 | 3 | 3 | 3 | ||
| Days Payable | 2,239 | 22 | 24 | 24 | 17 | 131 | 75 | 30 | 24 | 20 | ||
| Cash Conversion Cycle | -1,773 | 186 | 11 | 12 | 9 | 18 | 33 | 17 | 8 | 28 | 10 | 12 |
| Working Capital Days | -208 | -173 | -26 | -25 | -16 | -24 | -179 | -68 | -28 | -26 | -28 | -24 |
| ROCE % | 33% | 46% | 29% | 22% | 25% | 11% | -21% | 10% | 137% | 82% | 56% | 46% |
| 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 | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| Public | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.04% | 25.03% |
| No. of Shareholders | 730 | 730 | 730 | 730 | 730 | 731 | 731 | 731 | 731 | 733 | 834 | 825 |
Fundamentals
Market Cap₹ 129 Cr.
Current Price₹ 430
Stock P/E95.6
Book Value₹ -30.5
ROCE46.4 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-73%
Consolidated figures.
Valuation
Market capRs 138 Cr
Enterprise valueRs 153 Cr
P/E (TTM)102.22x
Price to book-15.07x
Price to sales0.53x
EV / EBITDA22.48x
EV / EBIT34.38x
EV / sales0.58x
Price to cash flow35.48x
Earnings yield0.98%
P/E, 3-year average25.11x
P/B, 3-year average-6.59x
P/E, 5-year average19.91x
P/B, 5-year average-5.15x
Profitability
Operating margin (excl. other income)-0.18%
Operating margin (incl. other income)3.05%
EBITDA margin2.59%
Pre-tax margin0.27%
Net profit margin0.51%
Net margin, latest quarter-1.30%
ROE-23.89%
ROCE46.37%
ROA4.22%
ROE, 3-year average-24.43%
ROCE, 3-year average61.40%
ROA, 3-year average5.60%
ROE, 5-year average-14.79%
ROCE, 5-year average66.26%
ROA, 5-year average3.47%
ROIC (approx.)112.38%
Tax rate-38.95%
Other income / net worth-92.58%
Growth
Sales growth (latest year)4.91%
Profit growth (latest year)-37.11%
Sales CAGR, 3 years7.03%
Sales CAGR, 5 years47.52%
Profit CAGR, 3 years-10.47%
Sales growth QoQ-0.88%
Profit growth QoQ-129.73%
Sales growth YoY (latest quarter)0.43%
Profit growth YoY (latest quarter)-650.00%
Per share
EPS (TTM)Rs 4.50
EPS (latest year)Rs 7.97
EPS (latest quarter)Rs -2.93
EPS, 3-year averageRs 10.33
EPS, 5-year averageRs 10.53
Book value per shareRs -30.53
Sales per shareRs 874.67
Cash flow per shareRs 12.97
Free cash flow per shareRs 13.33
Efficiency
Asset turnover4.69x
Fixed asset turnover11.86x
Inventory turnover124.36x
Inventory days3 days
Debtor days30 days
Debtors turnover12.34x
Creditor days20 days
Cash conversion cycle12 days
Working capital days-24 days
Leverage
Total debtRs 20 Cr
Cash and bankRs 6 Cr
Net debtRs 15 Cr
Debt to equity-2.22x
Net debt / EBITDA2.16x
Interest coverage1.19x
Owners' fund to total sources-16.41%
Debt to assets36.36%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years2.67x
Sales to cash flow67.33x
Statement figures
Net sales (TTM)Rs 262 Cr
Net sales (latest year)Rs 262 Cr
Sales (latest quarter)Rs 68 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 230 Cr
Total expenditure (latest year)Rs 262 Cr
Total income (latest year)Rs 270 Cr
Share capitalRs 3 Cr
ReservesRs -12 Cr
Shareholders' fundsRs -9 Cr
Total assetsRs 56 Cr
Net blockRs 22 Cr
InvestmentsRs 0 Cr
ReceivablesRs 21 Cr
InventoryRs 2 Cr
Other liabilitiesRs 45 Cr
Shares outstanding (crore)0.30
Ownership
Promoter holding74.97% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 102.2 is at the 94th percentile of its own 2.8-year range
(median 48.6, low 3.4, high 123.5).
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 | 509953 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.2% | -2.8% | +1.6 pts |
| 1 month | -22.1% | -6.8% | -15.3 pts |
| 3 months | -29.1% | -7.6% | -21.5 pts |
| 3 years | +858.3% | +14.2% | +844.2 pts |
| 5 years | +858.3% | +27.9% | +830.4 pts |
Red flags
F-score 6 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 493% 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 ₹68 Cr +0.4% vs Jun 2025.
Net loss ₹1 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 Trade-Wings Ltd?
Trade-Wings Ltd (509953) has a market capitalisation of Rs 129 Cr. at the 2026-10-01 close.
What is the P/E ratio of Trade-Wings Ltd?
Trade-Wings Ltd trades at a P/E of 95.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Trade-Wings Ltd's latest quarterly results?
In the Jun 2026 quarter, Trade-Wings Ltd sales was Rs 68 Cr (+0.4% vs Jun 2025) with a net loss of Rs 1 Cr.