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 | 6.49 | 8.79 | 10.78 | 5.76 | 3.27 | 1.87 | 1.81 | 1.64 | 4.91 | 9.47 | 7.89 | 11.20 |
| Expenses | 7.94 | 8.61 | 10.00 | 6.54 | 5.65 | 4.85 | 4.73 | 4.44 | 7.42 | 10.17 | 11.16 | 14.13 |
| Operating Profit | -1.45 | 0.18 | 0.78 | -0.78 | -2.38 | -2.98 | -2.92 | -2.80 | -2.51 | -0.70 | -3.27 | -2.93 |
| OPM % | -22.34% | 2.05% | 7.24% | -13.54% | -72.78% | -159.36% | -161.33% | -170.73% | -51.12% | -7.39% | -41.44% | -26.16% |
| Other Income | 0.02 | 0.03 | -2.29 | 0.01 | 0.09 | -4.80 | -2.85 | 0.07 | 0.02 | 0.13 | 0.81 | 0.02 |
| Interest | -0.01 | 0.15 | 0.30 | 0.12 | 0.12 | 0.19 | 0.11 | 0.35 | 0.08 | -0.22 | 0.04 | 0.26 |
| Depreciation | 0.28 | 0.28 | 0.27 | 0.29 | 0.29 | 0.28 | 0.28 | 0.28 | 0.38 | 0.43 | 0.49 | 0.47 |
| Profit before tax | -1.70 | -0.22 | -2.08 | -1.18 | -2.70 | -8.25 | -6.16 | -3.36 | -2.95 | -0.78 | -2.99 | -3.64 |
| Tax % | 0.00% | 0.00% | 3.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -1.70 | -0.22 | -2.15 | -1.17 | -2.69 | -8.26 | -6.16 | -3.36 | -2.95 | -0.78 | -2.99 | -3.65 |
| EPS in Rs | -0.95 | -0.12 | -1.21 | -0.66 | -1.51 | -4.63 | -3.45 | -1.46 | -1.28 | -0.34 | -1.13 | -1.38 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22 | 16 | 9 | 20 | 12 | 15 | 35 | 39 | 30 | 13 | 24 | 33 |
| Expenses | 28 | 21 | 15 | 24 | 13 | 16 | 34 | 42 | 33 | 22 | 33 | 43 |
| Operating Profit | -6 | -5 | -6 | -4 | -1 | -1 | 1 | -4 | -3 | -9 | -9 | -9 |
| OPM % | -27% | -30% | -73% | -17% | -11% | -5% | 3.2% | -9% | -10% | -71% | -38% | -28% |
| Other Income | -2 | 0 | 0 | 2 | 20 | 16 | 4 | 4 | -2 | -8 | 1 | 1 |
| Interest | 5 | 4 | 6 | 5 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -10 | -10 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 0% | |
| Net Profit | -15 | -10 | -14 | -7 | 15 | 11 | 2 | -3 | -7 | -18 | -10 | -10 |
| EPS in Rs | -8.36 | -5.81 | -7.78 | -4.04 | 8.45 | 6.31 | 1.20 | -1.76 | -4.08 | -10.25 | -3.82 | -4.13 |
| 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 | 1% | 10% | -15% | 290% | ||
| Compounded Profit Growth | 1% | % | % | 7% | ||
| Stock Price CAGR | 35% | 29% | 31% | 83% | ||
| Return on Equity | % | -49% | -85% | -123% |
| 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 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 26 |
| Reserves | -9 | -23 | -8 | -22 | -29 | -14 | -3 | -1 | 3 | -5 | -23 | -4 |
| Borrowings | 33 | 39 | 42 | 45 | 48 | 40 | 30 | 24 | 25 | 15 | 22 | 8 |
| Other Liabilities | 9 | 14 | 16 | 20 | 27 | 18 | 28 | 21 | 17 | 28 | 31 | 31 |
| Total Liabilities | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
| Fixed Assets | 17 | 16 | 40 | 37 | 35 | 24 | 21 | 20 | 27 | 19 | 18 | 23 |
| CWIP | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 0 | 5 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 29 | 25 | 22 | 25 | 36 | 50 | 39 | 32 | 38 | 25 | 36 |
| Total Assets | 51 | 47 | 67 | 61 | 63 | 62 | 73 | 62 | 62 | 56 | 48 | 61 |
| 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 | 1 | -0 | 1 | 1 | 0 | -7 | -2 | -6 | 3 | 0 | -1 | -18 |
| Cash from Investing Activity | -2 | -1 | 0 | 3 | 2 | 9 | 19 | 11 | 0 | 10 | -5 | -4 |
| Cash from Financing Activity | 1 | 1 | -1 | -4 | -2 | -3 | -13 | -8 | -2 | -10 | 7 | 21 |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | -1 | 4 | -4 | 1 | -1 | 0 | -0 |
| Free Cash Flow | -1 | -1 | 1 | 4 | 2 | 2 | 9 | -6 | 3 | 10 | -7 | -22 |
| CFO/OP | -35% | 4% | -20% | -14% | -12% | 533% | 306% | -549% | -77% | -7% | 14% | 195% |
| 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 | 48 | 51 | 64 | 54 | 94 | 126 | 153 | 78 | 61 | 109 | 105 | 67 |
| Inventory Days | 622 | 497 | 690 | 678 | 268 | 1,292 | 824 | 406 | 304 | 263 | 264 | 322 |
| Days Payable | 129 | 127 | 212 | 273 | 256 | 700 | 370 | 77 | 154 | 138 | 393 | 270 |
| Cash Conversion Cycle | 541 | 421 | 543 | 458 | 106 | 719 | 606 | 407 | 211 | 234 | -24 | 119 |
| Working Capital Days | -8 | -148 | -387 | -1,204 | -527 | 216 | 217 | 138 | 107 | 78 | -472 | -69 |
| ROCE % | -6% | -17% | -14% | -16% | -11% | -1% | -1% | 3% | -6% | -11% | -40% | -43% |
| 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 | 57.04% | 56.78% | 56.78% | 56.78% | 56.78% | 57.37% | 57.34% | 57.34% | 44.52% | 44.52% | 44.87% | 44.84% |
| Public | 42.96% | 43.22% | 43.21% | 43.22% | 43.22% | 42.62% | 42.67% | 42.66% | 55.48% | 55.48% | 55.13% | 55.16% |
| No. of Shareholders | 12,091 | 11,944 | 11,917 | 11,969 | 11,858 | 11,982 | 11,860 | 11,731 | 11,614 | 11,524 | 11,493 | 11,485 |
Fundamentals
Market Cap₹ 160 Cr.
Current Price₹ 60.5
Book Value₹ 8.55
ROCE-43.0 %
ROE-123 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)290%
Compounded Profit Growth (TTM)7%
Standalone figures.
Valuation
Market capRs 156 Cr
Enterprise valueRs 163 Cr
Price to book6.89x
Price to sales4.65x
EV / sales4.86x
Earnings yield-6.67%
P/B, 3-year average0.74x
P/E, 5-year average22.16x
P/B, 5-year average1.32x
Profitability
Operating margin (excl. other income)-37.56%
Operating margin (incl. other income)-33.21%
EBITDA margin-25.19%
Pre-tax margin-30.95%
Net profit margin-30.98%
Net margin, latest quarter-32.59%
ROE-115.07%
ROCE-40.13%
ROA-18.53%
ROE, 3-year average-202.48%
ROCE, 3-year average-45.08%
ROA, 3-year average-21.99%
ROE, 5-year average-122.18%
ROCE, 5-year average-25.47%
ROA, 5-year average-13.57%
ROIC (approx.)-34.19%
Other income / net worth4.61%
Growth
Sales growth (latest year)87.97%
Sales CAGR, 3 years-14.76%
Sales CAGR, 5 years9.74%
Sales growth QoQ41.95%
Sales growth YoY (latest quarter)582.93%
Per share
EPS (TTM)Rs -3.93
EPS (latest year)Rs -3.82
EPS (latest quarter)Rs -1.38
EPS, 3-year averageRs -6.05
EPS, 5-year averageRs -3.74
Book value per shareRs 8.55
Sales per shareRs 12.67
Cash flow per shareRs -6.64
Free cash flow per shareRs -8.33
Efficiency
Asset turnover0.39x
Fixed asset turnover1.03x
Inventory turnover1.92x
Inventory days190 days
Debtor days67 days
Debtors turnover5.47x
Creditor days270 days
Cash conversion cycle119 days
Working capital days-69 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 0 Cr
Net debtRs 7 Cr
Debt to equity0.34x
Interest coverage-63.75x
Owners' fund to total sources37.02%
Debt to assets12.42%
Cash flow
Cash from Operating Activity (latest year)Rs -18 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 21 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -22 Cr
FCFE (approx.: FCF + change in debt)Rs -37 Cr
Statement figures
Net sales (TTM)Rs 33 Cr
Net sales (latest year)Rs 24 Cr
Sales (latest quarter)Rs 11 Cr
Operating profit excl. other income (latest year)Rs -9 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs -8 Cr
PBDT (TTM)Rs -9 Cr
Profit before tax (TTM)Rs -10 Cr
Net profit (TTM)Rs -10 Cr
Net profit (latest year)Rs -10 Cr
Net profit (latest quarter)Rs -4 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 22 Cr
Total expenditure (latest year)Rs 33 Cr
Total income (latest year)Rs 25 Cr
Share capitalRs 26 Cr
ReservesRs -4 Cr
Shareholders' fundsRs 23 Cr
Total assetsRs 61 Cr
Net blockRs 23 Cr
Capital work in progressRs 2 Cr
ReceivablesRs 4 Cr
InventoryRs 11 Cr
Other liabilitiesRs 31 Cr
Shares outstanding (crore)2.64
Ownership
Promoter holding44.84% (-12.50 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 6.89 is at the 92th percentile (median 3.64).
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 | 523732 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.2% | -2.8% | -1.4 pts |
| 1 month | -4.8% | -6.8% | +2.0 pts |
| 3 months | +1.1% | -7.6% | +8.7 pts |
| 3 years | +117.8% | +14.2% | +103.6 pts |
| 5 years | +229.1% | +27.9% | +201.2 pts |
Red flags
F-score 4 of 7| explain | High accruals Profit exceeded operating cash by 12% of total assets 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 ₹11 Cr +582.9% vs Jun 2025.
Net loss ₹4 Cr.
Activity
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|---|---|---|---|
| Century Plyboards (India) Ltd | 14,774 | 49.8 | 11.5 % |
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| Rushil Decor Ltd | 472 | 19.8 | 4.68 % |
| Archidply Industries Ltd | 200 | 14.5 | 10.2 % |
| Western India Plywoods Ltd | 139 | 4.04 % | |
| Airo Lam Ltd | 134 | 25.4 | 9.76 % |
| Duroply Industries Ltd | 110 | 81.2 | 7.73 % |
| Sylvan Plyboard (India) Ltd | 101 | 14.2 | 9.83 % |
| Manilam Industries India Ltd | 87 | 42.6 | 8.47 % |
| Milton Industries Ltd | 60 | 33.1 | 5.98 % |
| Lamosaic India Ltd | 52 | 31.7 | 4.52 % |
| Archidply Decor Ltd | 38 | 764 | 2.45 % |
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 Ecoboard Industries Ltd?
Ecoboard Industries Ltd (523732) has a market capitalisation of Rs 160 Cr. at the 2026-10-01 close.
What were Ecoboard Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Ecoboard Industries Ltd sales was Rs 11 Cr (+582.9% vs Jun 2025) with a net loss of Rs 4 Cr.