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 | 2.53 | 3.96 | 3.92 | 4.17 | 4.37 | 4.19 | 2.89 | 3.02 | 2.57 | 2.21 | 3.40 | 4.75 |
| Expenses | 4.06 | 6.14 | 16.93 | 6.34 | 5.22 | 4.22 | 7.08 | 4.41 | 6.13 | 8.93 | 4.57 | 4.79 |
| Operating Profit | -1.53 | -2.18 | -13.01 | -2.17 | -0.85 | -0.03 | -4.19 | -1.39 | -3.56 | -6.72 | -1.17 | -0.04 |
| OPM % | -60.47% | -55.05% | -331.89% | -52.04% | -19.45% | -0.72% | -144.98% | -46.03% | -138.52% | -304.07% | -34.41% | -0.84% |
| Other Income | 0.33 | -0.01 | 236.23 | 0.03 | 0.18 | 0.01 | 0.45 | 0.02 | 0.34 | 23.52 | 0.71 | 0.03 |
| Interest | 2.75 | 3.14 | 1.73 | 2.69 | 2.80 | 3.66 | 2.90 | 2.63 | 2.89 | 7.10 | 3.97 | 2.71 |
| Depreciation | 0.19 | 0.40 | -0.57 | 0.07 | 0.03 | 0.16 | 0.35 | 0.35 | 0.39 | 0.38 | 0.41 | 0.41 |
| Profit before tax | -4.14 | -5.73 | 222.06 | -4.90 | -3.50 | -3.84 | -6.99 | -4.35 | -6.50 | 9.32 | -4.84 | -3.13 |
| Tax % | 23.67% | -26.53% | 0.66% | -3.27% | 34.00% | 0.00% | -1.72% | -0.23% | -1.85% | 87.66% | -22.73% | 0.64% |
| Net Profit | -5.12 | -4.21 | 220.60 | -4.74 | -4.69 | -3.84 | -6.88 | -4.34 | -6.37 | 1.14 | -3.75 | -3.15 |
| EPS in Rs | -3.83 | -3.00 | 157.01 | -3.37 | -3.34 | -2.73 | -4.90 | -3.09 | -4.53 | 0.81 | -2.67 | -2.24 |
| Mar 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8 | 11 | 8 | 14 | 26 | 26 | 20 | 12 | 14 | 16 | 11 | 13 |
| Expenses | 7 | 14 | 11 | 14 | 26 | 26 | 28 | 27 | 33 | 23 | 24 | 24 |
| Operating Profit | 1 | -3 | -3 | -0 | 0 | -0 | -8 | -15 | -19 | -7 | -13 | -11 |
| OPM % | 10% | -31% | -33% | -1.4% | 0.9% | -1.2% | -38% | -127% | -140% | -46% | -115% | -89% |
| Other Income | 0 | 1 | 4 | 2 | 2 | 2 | 9 | 1 | 237 | 1 | 25 | 25 |
| Interest | 0 | 1 | 1 | 2 | 3 | 5 | 9 | 7 | 11 | 12 | 17 | 17 |
| Depreciation | 0 | 0 | 0 | 0 | 4 | 3 | 0 | 1 | 0 | 1 | 2 | 2 |
| Profit before tax | 1 | -3 | -0 | -1 | -4 | -5 | -8 | -23 | 206 | -19 | -6 | -5 |
| Tax % | 0% | 1% | -586% | 140% | 34% | 20% | -3% | -3% | 0% | 5% | 109% | |
| Net Profit | 1 | -3 | 0 | -1 | -6 | -6 | -8 | -22 | 205 | -20 | -13 | -12 |
| EPS in Rs | 0.73 | -3.31 | 0.34 | -0.90 | -2.88 | -4.94 | -5.80 | -16.00 | 146.35 | -14.16 | -9.87 | -8.63 |
| 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 | % | -16% | -2% | -11% | ||
| Compounded Profit Growth | % | % | % | -38% | ||
| Stock Price CAGR | 7% | -6% | -3% | -36% | ||
| Return on Equity | % | % | 32% | -28% |
| Mar 2014 | Mar 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 10 | 11 | 11 | 11 | 12 | 13 | 13 | 14 | 14 | 15 |
| Reserves | -17 | -17 | -21 | -20 | -21 | -22 | -7 | -5 | -24 | 186 | 166 | 127 |
| Borrowings | 3 | 3 | 4 | 4 | 3 | 6 | 10 | 45 | 74 | 86 | 100 | 130 |
| Other Liabilities | 22 | 22 | 21 | 28 | 36 | 39 | 43 | 24 | 31 | 39 | 62 | 41 |
| Total Liabilities | 15 | 16 | 14 | 23 | 30 | 34 | 58 | 77 | 95 | 325 | 342 | 312 |
| Fixed Assets | 3 | 3 | 6 | 5 | 6 | 5 | 29 | 39 | 38 | 273 | 282 | 203 |
| CWIP | 1 | 1 | 1 | 4 | 6 | 10 | 13 | 19 | 25 | 32 | 40 | 42 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 |
| Other Assets | 11 | 12 | 8 | 14 | 18 | 19 | 16 | 19 | 26 | 17 | 20 | 66 |
| Total Assets | 15 | 16 | 14 | 23 | 30 | 34 | 58 | 77 | 95 | 325 | 342 | 312 |
| Mar 2014 | Mar 2015 | 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 | 0 | 0 | 5 | -1 | 9 | 5 | -4 | -21 | 12 | 13 | -57 |
| Cash from Investing Activity | -4 | 0 | -2 | -3 | -3 | -10 | -7 | -9 | -13 | -5 | -4 | 48 |
| Cash from Financing Activity | 1 | -0 | 1 | -1 | 4 | 2 | 1 | 12 | 35 | -8 | -9 | 18 |
| Net Cash Flow | -0 | 0 | -0 | 1 | -1 | 1 | 0 | -1 | 2 | -1 | 0 | 9 |
| Free Cash Flow | 2 | -0 | -2 | 2 | -4 | 2 | 1 | -13 | -27 | 4 | 7 | -62 |
| CFO/OP | -50% | 1% | -9% | -184% | 140% | 3,756% | -1,903% | 55% | 135% | -57% | -185% | 406% |
| Mar 2014 | Mar 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 127 | 128 | 79 | 120 | 115 | 84 | 69 | 136 | 237 | 69 | 90 | 202 |
| Inventory Days | 188 | 11 | 9 | 1 | 0 | 0 | ||||||
| Days Payable | 48 | 77 | 84 | 203 | ||||||||
| Cash Conversion Cycle | 127 | 128 | 79 | 120 | 115 | 84 | 208 | 70 | 162 | -133 | 90 | 202 |
| Working Capital Days | -27 | -17 | -236 | -106 | -2 | -68 | -186 | -135 | -50 | -1,116 | -1,794 | -516 |
| ROCE % | -13% | 3% | -26% | 124% | -3% | -5% |
| 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 | 59.65% | 61.57% | 61.57% | 61.44% | 61.44% | 61.44% | 61.44% | 61.44% | 63.09% | 63.09% | 63.09% | 63.09% |
| Public | 40.35% | 38.43% | 38.42% | 38.57% | 38.57% | 38.57% | 38.57% | 38.56% | 36.91% | 36.92% | 36.92% | 36.91% |
| No. of Shareholders | 5,956 | 5,999 | 6,096 | 6,396 | 7,458 | 8,796 | 9,058 | 8,794 | 8,399 | 8,142 | 7,997 | 7,898 |
Fundamentals
Market Cap₹ 77.1 Cr.
Current Price₹ 54.9
Book Value₹ 101
ROCE-4.79 %
ROE-27.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-11%
Compounded Profit Growth (TTM)-38%
Consolidated figures.
Valuation
Market capRs 81 Cr
Enterprise valueRs 199 Cr
Price to book0.57x
Price to sales6.26x
EV / EBITDA15.20x
EV / EBIT17.30x
EV / sales15.41x
Earnings yield-14.99%
P/E, 3-year average0.61x
P/B, 3-year average0.65x
P/E, 5-year average0.61x
P/B, 5-year average1.36x
Profitability
Operating margin (excl. other income)-114.64%
Operating margin (incl. other income)104.91%
EBITDA margin101.39%
Pre-tax margin-39.83%
Net profit margin-93.81%
Net margin, latest quarter-66.32%
ROE-8.63%
ROCE3.71%
ROA-4.25%
ROE, 3-year average65.88%
ROCE, 3-year average41.67%
ROA, 3-year average29.23%
ROE, 5-year average406.68%
ROCE, 5-year average20.32%
ROA, 5-year average10.39%
ROIC (approx.)9.27%
Tax rate-109.11%
Other income / net worth17.39%
Growth
Sales growth (latest year)-28.30%
Sales CAGR, 3 years-2.33%
Sales CAGR, 5 years-15.54%
Sales growth QoQ39.71%
Sales growth YoY (latest quarter)57.28%
Per share
EPS (TTM)Rs -8.25
EPS (latest year)Rs -9.43
EPS (latest quarter)Rs -2.14
EPS, 3-year averageRs 40.92
EPS, 5-year averageRs 20.19
Book value per shareRs 96.14
Sales per shareRs 8.79
Cash flow per shareRs -38.61
Free cash flow per shareRs -42.14
Efficiency
Asset turnover0.04x
Fixed asset turnover0.06x
Debtor days202 days
Debtors turnover1.81x
Creditor days203 days
Cash conversion cycle202 days
Working capital days-516 days
Leverage
Total debtRs 130 Cr
Cash and bankRs 12 Cr
Net debtRs 118 Cr
Debt to equity0.92x
Net debt / EBITDA9.03x
Interest coverage0.69x
Owners' fund to total sources45.36%
Debt to assets41.64%
Cash flow
Cash from Operating Activity (latest year)Rs -57 Cr
Cash from Investing Activity (latest year)Rs 48 Cr
Cash from Financing Activity (latest year)Rs 18 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs -62 Cr
FCFE (approx.: FCF + change in debt)Rs -32 Cr
Cash from ops / profit, 5 years-0.40x
Statement figures
Net sales (TTM)Rs 13 Cr
Net sales (latest year)Rs 11 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -13 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs -4 Cr
Profit before tax (TTM)Rs -5 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs -12 Cr
Net profit (latest year)Rs -14 Cr
Net profit (latest quarter)Rs -3 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 24 Cr
Total income (latest year)Rs 36 Cr
Share capitalRs 15 Cr
ReservesRs 127 Cr
Shareholders' fundsRs 141 Cr
Total assetsRs 312 Cr
Net blockRs 203 Cr
Capital work in progressRs 42 Cr
ReceivablesRs 6 Cr
Other liabilitiesRs 41 Cr
Shares outstanding (crore)1.47
Ownership
Promoter holding63.09% (+1.65 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.57 is at the 4th percentile (median 0.77).
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 | 517429 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.6% | -2.8% | +6.4 pts |
| 1 month | +0.7% | -6.8% | +7.5 pts |
| 3 months | -6.8% | -7.6% | +0.8 pts |
| 3 years | -11.9% | +14.2% | -26.1 pts |
| 5 years | -33.1% | +27.9% | -61.0 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -18% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 60% vs sales -28% in 2026 |
| look | Repeated losses Net loss in each of the last two years |
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 ₹5 Cr +57.3% 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 Athena Global Technologies Ltd?
Athena Global Technologies Ltd (517429) has a market capitalisation of Rs 77.1 Cr. at the 2026-10-01 close.
What were Athena Global Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Athena Global Technologies Ltd sales was Rs 5 Cr (+57.3% vs Jun 2025) with a net loss of Rs 3 Cr.