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 | 10.88 | 11.93 | 17.61 | 9.93 | 13.86 | 15.94 | 23.93 | 15.45 | 17.35 | 11.29 | 14.35 | 9.61 |
| Expenses | 9.34 | 11.19 | 15.88 | 9.10 | 13.26 | 23.94 | 25.33 | 13.71 | 14.29 | 11.29 | 16.17 | 12.17 |
| Operating Profit | 1.54 | 0.74 | 1.73 | 0.83 | 0.60 | -8.00 | -1.40 | 1.74 | 3.06 | 0.00 | -1.82 | -2.56 |
| OPM % | 14.15% | 6.20% | 9.82% | 8.36% | 4.33% | -50.19% | -5.85% | 11.26% | 17.64% | 0.00% | -12.68% | -26.64% |
| Other Income | 0.06 | 0.05 | -0.03 | 0.06 | 1.88 | 0.46 | 2.69 | 0.19 | 0.08 | 1.46 | 1.61 | 0.09 |
| Interest | 1.35 | 0.33 | 1.09 | 0.67 | 0.82 | 0.77 | 0.95 | 0.68 | 0.95 | 0.30 | 0.54 | 0.39 |
| Depreciation | 0.11 | 0.08 | 0.12 | 0.12 | 0.13 | 0.10 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 | 0.20 |
| Profit before tax | 0.14 | 0.38 | 0.49 | 0.10 | 1.53 | -8.41 | 0.21 | 1.13 | 2.08 | 1.05 | -0.87 | -3.06 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3,252.38% | 24.78% | 22.60% | 25.71% | -16.09% | -17.65% |
| Net Profit | 0.14 | 0.38 | 0.49 | 0.10 | 1.53 | -8.41 | 7.04 | 0.85 | 1.61 | 0.78 | -0.72 | -2.52 |
| EPS in Rs | 0.06 | 0.17 | 0.22 | 0.05 | 0.69 | -3.35 | 2.80 | 0.34 | 0.64 | 0.31 | -0.29 | -1.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70.89 | 72.04 | 61.03 | 53.19 | 51.47 | 53.02 | 51.36 | 51.48 | 49.05 | 63.67 | 58.44 | 52.60 |
| Expenses | 76.44 | 74.36 | 65.02 | 55.68 | 47.45 | 47.75 | 44.42 | 45.27 | 44.52 | 71.65 | 55.44 | 53.92 |
| Operating Profit | -5.55 | -2.32 | -3.99 | -2.49 | 4.02 | 5.27 | 6.94 | 6.21 | 4.53 | -7.98 | 3.00 | -1.32 |
| OPM % | -7.83% | -3.22% | -6.54% | -4.68% | 7.81% | 9.94% | 13.51% | 12.06% | 9.24% | -12.53% | 5.13% | -2.51% |
| Other Income | 0.82 | 1.55 | 0.38 | 18.50 | 3.42 | 1.32 | -1.08 | -1.72 | 0.24 | 5.09 | 3.34 | 3.24 |
| Interest | 11.24 | 11.21 | 10.82 | 8.06 | 6.21 | 6.60 | 5.31 | 3.84 | 3.53 | 3.20 | 2.48 | 2.18 |
| Depreciation | 1.62 | 1.56 | 1.44 | 1.29 | 1.02 | 0.38 | 0.38 | 0.45 | 0.44 | 0.49 | 0.46 | 0.54 |
| Profit before tax | -17.59 | -13.54 | -15.87 | 6.66 | 0.21 | -0.39 | 0.17 | 0.20 | 0.80 | -6.58 | 3.40 | -0.80 |
| Tax % | 0.00% | 0.00% | 0.00% | 18.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -103.80% | 25.88% | |
| Net Profit | -17.59 | -13.54 | -15.87 | 5.41 | 0.21 | -0.39 | 0.17 | 0.20 | 0.80 | 0.26 | 2.52 | -0.85 |
| EPS in Rs | -8.80 | -6.77 | -7.94 | 2.70 | 0.10 | -0.20 | 0.08 | 0.10 | 0.36 | 0.10 | 1.00 | -0.34 |
| 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 | -2% | 2% | 4% | -24% | ||
| Compounded Profit Growth | 8% | 53% | 2% | -184% | ||
| Stock Price CAGR | 23% | 44% | 24% | -12% | ||
| Return on Equity | % | % | % | 17% |
| 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 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 10.00 | 10.00 | 11.09 | 12.57 | 15.71 |
| Reserves | 7.02 | -10.57 | -23.03 | -37.54 | -31.64 | -31.38 | -31.08 | -30.76 | -29.81 | -3.83 | -2.19 | 4.30 |
| Borrowings | 72.78 | 71.71 | 66.30 | 70.28 | 70.20 | 71.36 | 71.71 | 47.62 | 50.24 | 28.84 | 29.95 | 18.82 |
| Other Liabilities | 42.05 | 65.49 | 70.61 | 68.55 | 59.67 | 48.54 | 43.90 | 39.54 | 45.08 | 35.24 | 29.62 | 19.23 |
| Total Liabilities | 126.85 | 131.63 | 118.88 | 106.29 | 103.23 | 93.52 | 89.53 | 66.40 | 75.51 | 71.34 | 69.95 | 58.06 |
| Fixed Assets | 55.04 | 53.33 | 51.61 | 16.78 | 4.26 | 3.70 | 3.47 | 6.54 | 7.37 | 7.03 | 6.72 | 10.08 |
| CWIP | 0.00 | 0.00 | 0.35 | 0.82 | 2.35 | 3.59 | 3.88 | 1.08 | 0.00 | 0.49 | 1.21 | 0.26 |
| Investments | 0.07 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| Other Assets | 71.74 | 78.23 | 66.90 | 88.67 | 96.60 | 86.21 | 82.16 | 58.76 | 68.12 | 63.80 | 61.99 | 47.69 |
| Total Assets | 126.85 | 131.63 | 118.88 | 106.29 | 103.23 | 93.52 | 89.53 | 66.40 | 75.51 | 71.34 | 69.95 | 58.06 |
| 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 | -3.64 | -5.70 | 4.45 | -27.50 | 2.32 | -23.38 | -1.02 | 18.73 | -2.89 | 0.15 | 1.89 | 13.56 |
| Cash from Investing Activity | 2.68 | 0.07 | -0.42 | -1.57 | 20.69 | 31.67 | -0.25 | -0.38 | 0.02 | 0.18 | -0.73 | -2.49 |
| Cash from Financing Activity | -1.67 | 12.05 | -7.16 | 30.06 | -23.37 | -8.33 | 0.35 | -19.10 | 2.62 | -0.08 | 0.67 | -7.58 |
| Net Cash Flow | -2.63 | 6.43 | -3.13 | 0.99 | -0.36 | -0.03 | -0.92 | -0.75 | -0.25 | 0.25 | 1.82 | 3.49 |
| Free Cash Flow | -3.15 | -5.62 | 4.03 | -29.08 | 22.78 | 8.08 | -1.48 | 18.16 | -3.06 | -0.44 | 0.98 | 10.69 |
| CFO/OP | 132% | 103% | -192% | 689% | -93% | -582% | -19% | 270% | -47% | 3% | -17% | 242% |
| 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 | 90.00 | 102.77 | 88.92 | 36.42 | 131.89 | 134.24 | 104.71 | 124.51 | 212.92 | 169.22 | 124.51 | 53.90 |
| Inventory Days | 275.19 | 152.39 | 102.72 | 168.84 | 184.91 | 301.69 | 243.23 | 300.66 | 544.09 | 663.21 | 193.62 | 279.62 |
| Days Payable | 103.01 | 192.21 | 18.98 | 156.27 | 152.70 | 164.50 | 167.18 | 129.08 | 194.05 | 190.71 | 98.96 | 31.39 |
| Cash Conversion Cycle | 262.18 | 62.95 | 172.66 | 48.99 | 164.11 | 271.42 | 180.76 | 296.09 | 562.96 | 641.72 | 219.18 | 302.13 |
| Working Capital Days | -170.15 | -426.01 | -462.58 | -255.08 | -276.61 | -328.98 | -320.05 | -293.58 | -194.91 | 3.13 | -17.20 | 3.68 |
| ROCE % | -4.08% | -8.40% | -4.91% | -11.74% | -8.51% | 7.41% | 13.71% | 18.98% | 21.64% | 14.91% | -8.87% | 14.83% |
| 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 | 63.28% | 63.28% | 63.28% | 63.28% | 63.28% | 67.61% | 67.60% | 67.60% | 43.83% | 43.83% | 43.83% | 43.83% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 36.69% | 36.71% | 36.69% | 36.69% | 36.70% | 32.37% | 32.38% | 32.38% | 56.16% | 56.15% | 56.16% | 56.16% |
| No. of Shareholders | 4,536 | 4,560 | 4,875 | 5,191 | 5,121 | 5,426 | 5,490 | 5,804 | 5,619 | 5,404 | 5,367 | 5,217 |
Fundamentals
Market Cap₹ 174 Cr.
Current Price₹ 69.0
Book Value₹ 7.96
ROCE14.8 %
ROE16.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-24%
Compounded Profit Growth (TTM)-184%
Standalone figures.
Valuation
Market capRs 109 Cr
Enterprise valueRs 120 Cr
Price to book5.44x
Price to sales2.07x
EV / EBITDA62.66x
EV / EBIT87.18x
EV / sales2.29x
Price to cash flow8.03x
Earnings yield-0.78%
P/E, 3-year average82.68x
P/B, 3-year average5.05x
P/E, 5-year average86.26x
P/B, 5-year average2.70x
Profitability
Operating margin (excl. other income)5.13%
Operating margin (incl. other income)10.85%
EBITDA margin3.65%
Pre-tax margin-1.52%
Net profit margin-1.62%
Net margin, latest quarter-26.22%
ROE16.58%
ROCE14.86%
ROA3.94%
ROE, 3-year average2.26%
ROCE, 3-year average6.34%
ROA, 3-year average1.80%
ROE, 5-year average1.01%
ROCE, 5-year average9.65%
ROA, 5-year average1.18%
ROIC (approx.)3.26%
Tax rate25.88%
Other income / net worth16.69%
Growth
Sales growth (latest year)-8.21%
Profit growth (latest year)869.23%
Sales CAGR, 3 years4.32%
Sales CAGR, 5 years1.97%
Profit CAGR, 3 years132.70%
Sales growth QoQ-33.03%
Sales growth YoY (latest quarter)-37.80%
Profit growth YoY (latest quarter)-396.47%
Per share
EPS (TTM)Rs -0.56
EPS (latest year)Rs 1.66
EPS (latest quarter)Rs -1.66
EPS, 3-year averageRs 0.86
EPS, 5-year averageRs 0.59
Book value per shareRs 13.19
Sales per shareRs 34.67
Cash flow per shareRs 8.94
Free cash flow per shareRs 7.05
Efficiency
Asset turnover1.01x
Fixed asset turnover5.80x
Inventory turnover1.59x
Inventory days229 days
Debtor days54 days
Debtors turnover6.77x
Creditor days31 days
Cash conversion cycle302 days
Working capital days4 days
Leverage
Total debtRs 19 Cr
Cash and bankRs 7 Cr
Net debtRs 11 Cr
Debt to equity0.94x
Net debt / EBITDA5.92x
Interest coverage0.63x
Owners' fund to total sources34.46%
Debt to assets32.41%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 11 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years7.96x
Sales to cash flow4.31x
Statement figures
Net sales (TTM)Rs 53 Cr
Net sales (latest year)Rs 58 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs -0 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 3 Cr
Net profit (latest quarter)Rs -3 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 31 Cr
Total expenditure (latest year)Rs 55 Cr
Total income (latest year)Rs 62 Cr
Share capitalRs 16 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 20 Cr
Total assetsRs 58 Cr
Net blockRs 10 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 9 Cr
InventoryRs 19 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)1.52
Ownership
Promoter holding43.83% (-23.77 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 5.44 is at the 3th percentile (median 9.97).
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 | 517096 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.0% | -2.8% | +0.8 pts |
| 1 month | -14.5% | -6.8% | -7.7 pts |
| 3 months | -24.3% | -7.6% | -16.7 pts |
| 3 years | +93.9% | +14.2% | +79.7 pts |
| 5 years | +538.9% | +27.9% | +511.0 pts |
Red flags
F-score 8 of 8| explain | Share dilution Share count up 0% in a year, 25% in three |
| look | Profit leans on other income Other income was 98% 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 ₹10 Cr -37.8% vs Jun 2025.
Net loss ₹3 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 Aplab Ltd?
Aplab Ltd (517096) has a market capitalisation of Rs 174 Cr. at the 2026-10-01 close.
What were Aplab Ltd's latest quarterly results?
In the Jun 2026 quarter, Aplab Ltd sales was Rs 10 Cr (-37.8% vs Jun 2025) with a net loss of Rs 3 Cr.