MarketFriction

IEL Ltd

BSE 524614 · Other Food Products
₹5.35 +4.49%
BSE close2026-10-01
Market cap₹67.1 Cr.
P/E45.1

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue from operations1.045.499.125.310.000.400.010.000.000.550.420.50
Operating costs1.085.358.935.120.050.130.270.780.130.100.010.12
EBITDA-0.040.140.190.19-0.050.27-0.26-0.78-0.130.450.410.38
EBITDA margin %-3.85%2.55%2.08%3.58%67.50%-2,600.00%81.82%97.62%76.00%
Depreciation & amortisation0.010.010.010.010.010.010.010.010.010.010.010.01
Finance costs0.000.000.000.000.000.000.000.000.000.000.070.00
Non-operating income0.000.000.000.220.220.020.000.050.000.030.320.39
Pre-tax profit-0.050.130.180.400.160.28-0.27-0.74-0.140.470.650.76
Effective tax rate %0.00%15.38%27.78%25.00%18.75%25.00%-18.52%0.00%0.00%2.13%9.23%25.00%
Profit after tax-0.050.110.140.310.130.21-0.22-0.74-0.140.470.590.57
Earnings per share (Rs)-0.000.010.010.020.010.02-0.02-0.06-0.010.040.050.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue from operations-0.060.001.262.123.870.960.6410.1917.266.160.971.47
Operating costs0.290.321.422.223.981.110.828.6416.885.551.010.36
EBITDA-0.35-0.32-0.16-0.10-0.11-0.15-0.181.550.380.61-0.041.11
EBITDA margin %-12.70%-4.72%-2.84%-15.62%-28.12%15.21%2.20%9.90%-4.12%75.51%
Depreciation & amortisation0.110.100.100.090.090.090.090.070.030.030.020.04
Finance costs0.030.000.010.000.000.000.000.000.000.000.080.07
Non-operating income0.050.200.200.320.220.380.590.870.000.010.400.74
Pre-tax profit-0.44-0.22-0.070.130.020.140.322.350.350.590.261.74
Effective tax rate %0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.43%25.71%25.42%26.92%
Profit after tax-0.44-0.22-0.070.120.020.140.322.370.260.430.181.49
Earnings per share (Rs)-0.03-0.02-0.010.010.000.010.020.180.020.030.010.12
Paid out as dividend %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR%0%-54%259%
Profit CAGR9%5%-58%340%
Share price CAGR14%24%-23%-38%
Average return on equity4%5%1%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)4.214.093.993.893.803.713.623.530.200.170.050.05
Capital work in progress0.000.000.000.000.000.000.000.000.000.000.0012.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Current & other assets0.220.210.222.400.260.940.421.113.343.5946.8735.05
Total assets4.434.304.216.294.064.654.044.643.543.7646.9247.10
Share capital3.343.343.343.343.343.343.343.343.343.3413.0413.04
Reserves & surplus-1.13-1.57-0.90-1.86-1.74-1.72-1.58-1.26-2.37-2.1131.7931.97
Total debt0.911.000.010.910.910.900.910.910.900.900.900.90
Other liabilities & provisions1.311.531.763.901.552.131.371.651.671.631.191.19
Equity + liabilities4.434.304.216.294.064.654.044.643.543.7646.9247.10
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow-0.91-0.280.00-0.040.030.53-0.560.140.93-0.502.11-0.04
Investing cash flow0.11-0.010.000.000.000.000.000.01-0.210.00-20.97-25.03
Free cash flow (after capex)-0.91-0.280.00-0.040.030.53-0.560.150.72-0.502.24-12.06
Financing cash flow0.870.270.00-0.010.000.000.010.00-0.010.0043.67-0.07
Net change in cash0.07-0.020.00-0.060.030.53-0.560.150.71-0.5024.81-25.15
Cash conversion (OCF / EBITDA) %43%80%0%25%-30%-482%373%-78%60%-132%346%100%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %-51.31%-13.92%-8.43%-2.48%0.82%0.80%5.39%11.31%96.30%17.50%2.51%0.74%
Receivable days0.000.00353.416.8920.75114.06285.1682.0335.100.59139.23
Inventory days0.00300.400.000.000.000.000.0022.520.00
Payable days694.4734.34
Cash cycle (days)0.000.00-40.666.8920.75114.06285.1682.0323.290.59139.23
Working capital days-21,170.00-8,942.508.69-13.77-72.6215.21182.5026.5132.361,240.7612,925.52
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %44.97%44.97%20.47%11.11%7.37%7.37%0.96%0.96%0.00%0.00%0.00%0.00%
Domestic institutions %0.13%0.13%0.13%0.13%0.13%0.13%0.03%0.03%0.03%0.03%0.03%0.03%
Retail & others %54.90%54.90%79.39%88.76%92.50%92.50%99.01%99.00%99.96%99.96%99.96%99.96%
Shareholder count10,60818,20724,23625,93325,86935,05637,09336,66336,51135,62034,82834,366

Fundamentals

Market value₹ 67.1 Cr.
Last price₹ 5.15
P/E (trailing)45.1
Book value / share₹ 3.45
Return on capital0.74 %
Return on equity0.40 %
Dividend yield0.00 %
Face value₹ 1.00
Revenue CAGR (TTM)259%
Profit CAGR (TTM)340%
Standalone figures.
Valuation
Market capRs 70 Cr
Enterprise valueRs 71 Cr
P/E (TTM)46.82x
Price to book1.55x
Price to sales71.92x
EV / EBITDA37.95x
EV / EBIT38.79x
EV / sales72.77x
Earnings yield2.14%
P/E, 3-year average211.44x
P/B, 3-year average6.52x
P/E, 5-year average127.97x
P/B, 5-year average4.52x
Profitability
Operating margin (excl. other income)-4.12%
Operating margin (incl. other income)37.11%
EBITDA margin191.75%
Pre-tax margin179.38%
Net profit margin153.61%
Net margin, latest quarter114.00%
ROE0.40%
ROCE0.74%
ROA0.38%
ROE, 3-year average8.63%
ROCE, 3-year average6.90%
ROA, 3-year average3.07%
ROE, 5-year average39.60%
ROCE, 5-year average25.74%
ROA, 5-year average14.90%
ROIC (approx.)2.90%
Tax rate26.92%
Other income / net worth0.89%
Growth
Sales growth (latest year)-84.25%
Profit growth (latest year)-58.14%
Sales CAGR, 3 years-54.34%
Sales CAGR, 5 years0.21%
Profit CAGR, 3 years-57.65%
Profit CAGR, 5 years5.15%
Sales growth QoQ19.05%
Profit growth QoQ-3.39%
Per share
EPS (TTM)Rs 0.11
EPS (latest year)Rs 0.01
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.04
EPS, 5-year averageRs 1.64
Book value per shareRs 3.45
Sales per shareRs 0.07
Cash flow per shareRs -0.00
Efficiency
Asset turnover0.02x
Fixed asset turnover19.40x
Debtor days139 days
Debtors turnover2.62x
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.02x
Net debt / EBITDA0.45x
Interest coverage22.75x
Owners' fund to total sources95.56%
Debt to assets1.91%
Cash flow
Operating cash flow (latest year)Rs -0 Cr
Investing cash flow (latest year)Rs -25 Cr
Financing cash flow (latest year)Rs -0 Cr
Net change in cash (latest year)Rs -25 Cr
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 13 Cr
ReservesRs 32 Cr
Shareholders' fundsRs 45 Cr
Total assetsRs 47 Cr
Net blockRs 0 Cr
Capital work in progressRs 12 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)13.04
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 46.8 is at the 30th percentile of its own 5.2-year range (median 138.6, low 10.9, high 387.4).
P/B 1.55 is at the 11th percentile (median 7.32).
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.
Period524614Nifty 50Difference
1 week-1.3%-2.8% +1.5 pts
1 month-7.6%-6.8% -0.8 pts
3 months-25.0%-7.6% -17.3 pts
3 years-54.4%+14.2% -68.5 pts
5 years+192.3%+27.9% +164.5 pts

Red flags

F-score 3 of 8
explainReceivables outrunning sales Receivables grew 3600% vs sales -84% in 2026
lookProfit leans on other income Other income was 154% 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 2026
Sales ₹0 Cr. Net profit ₹1 Cr +177.0%.

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 IEL Ltd?

IEL Ltd (524614) has a market capitalisation of Rs 67.1 Cr. at the 2026-10-01 close.

What is the P/E ratio of IEL Ltd?

IEL Ltd trades at a P/E of 45.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were IEL Ltd's latest quarterly results?

In the Jun 2026 quarter, IEL Ltd sales was Rs 0 Cr and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03