Price
Financials
Consolidated, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 42.31 | 40.44 | 39.09 | 44.38 | 31.53 | 30.81 | 17.32 | 50.57 | 29.10 | 35.95 | 35.01 | 37.76 |
| Expenses | 39.77 | 33.15 | 35.64 | 34.21 | 25.55 | 25.70 | 14.40 | 56.31 | 26.92 | 33.50 | 32.22 | 35.54 |
| Operating Profit | 2.54 | 7.29 | 3.45 | 10.17 | 5.98 | 5.11 | 2.92 | -5.74 | 2.18 | 2.45 | 2.79 | 2.22 |
| OPM % | 6.00% | 18.03% | 8.83% | 22.92% | 18.97% | 16.59% | 16.86% | -11.35% | 7.49% | 6.82% | 7.97% | 5.88% |
| Other Income | 0.01 | 0.09 | 0.08 | 1.03 | 0.04 | 0.30 | 0.00 | 2.78 | 1.06 | 1.80 | 0.83 | 0.88 |
| Interest | 2.03 | 0.93 | 1.41 | 5.51 | 0.83 | 1.42 | 1.03 | 7.07 | 2.17 | 1.89 | 2.47 | 3.08 |
| Depreciation | 0.90 | 0.91 | 1.03 | 0.96 | 4.25 | 2.79 | 1.46 | -1.72 | 0.86 | 1.30 | 1.01 | 1.13 |
| Profit before tax | -0.38 | 5.54 | 1.09 | 4.73 | 0.94 | 1.20 | 0.43 | -8.31 | 0.21 | 1.06 | 0.14 | -1.11 |
| Tax % | 15.79% | 0.00% | 0.00% | 0.00% | 9.57% | -1.67% | 18.60% | 2.53% | 23.81% | 14.15% | 21.43% | -187.39% |
| Net Profit | -0.45 | 5.54 | 1.08 | 4.73 | 0.85 | 1.22 | 0.35 | -8.53 | 0.16 | 0.91 | 0.12 | 0.98 |
| EPS in Rs | -0.08 | 0.94 | 0.13 | 0.50 | 0.11 | 0.16 | 0.03 | -1.09 | 0.02 | 0.05 | 0.02 | 0.13 |
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 39 | 58 | 50 | 21 | 61 | 163 | 165 | 130 | 138 |
| Expenses | 0 | 39 | 57 | 47 | 26 | 54 | 145 | 142 | 124 | 128 |
| Operating Profit | -0 | 1 | 1 | 3 | -5 | 7 | 17 | 24 | 6 | 10 |
| OPM % | -105% | 1.9% | 0.9% | 6% | -24% | 11% | 11% | 14% | 4.9% | 7% |
| Other Income | 0 | 0 | 0 | 0 | -4 | 0 | 4 | 1 | 3 | 5 |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 | 6 | 10 | 12 | 10 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 4 | 3 | 4 |
| Profit before tax | -0 | 0 | 0 | 1 | -11 | 4 | 12 | 11 | -6 | 0 |
| Tax % | 0% | 150% | 300% | 0% | 0% | 0% | 3% | 5% | 6% | -620% |
| Net Profit | -0 | -0 | -0 | 1 | -11 | 4 | 12 | 10 | -6 | 2 |
| EPS in Rs | -0.08 | -0.10 | 1.31 | -1.91 | 0.76 | 1.49 | 0.81 | -0.78 | 0.28 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 46% | -5% | 6% | ||
| Compounded Profit Growth | % | 18% | -38% | 135% | ||
| Stock Price CAGR | 4% | -18% | -43% | -23% | ||
| Return on Equity | % | 6% | 1% | 3% |
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 4 | 4 | 4 | 34 | 34 | 34 | 46 | 46 | 46 |
| Reserves | -6 | -0 | -0 | 27 | -15 | -10 | 12 | 22 | 27 | 27 |
| Borrowings | 0 | 0 | 0 | 14 | 16 | 19 | 79 | 113 | 137 | 128 |
| Other Liabilities | 1 | 6 | 9 | 7 | 5 | 8 | 31 | 54 | 58 | 52 |
| Total Liabilities | 1 | 10 | 12 | 51 | 40 | 51 | 156 | 234 | 268 | 253 |
| Fixed Assets | 1 | 6 | 6 | 17 | 15 | 17 | 57 | 62 | 58 | 60 |
| CWIP | -0 | 0 | 0 | 14 | 14 | 13 | 14 | 20 | 26 | 27 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 4 | 7 | 21 | 11 | 22 | 85 | 151 | 184 | 166 |
| Total Assets | 1 | 10 | 12 | 51 | 40 | 51 | 156 | 234 | 268 | 253 |
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | 2 | 6 | 0 | 4 | 16 | -30 | -7 | 32 | |
| Cash from Investing Activity | -3 | -0 | -4 | -1 | -1 | -47 | -16 | 25 | -13 | |
| Cash from Financing Activity | 2 | -1 | -1 | -0 | -3 | 33 | 44 | -18 | -15 | |
| Net Cash Flow | 0 | 1 | 1 | -1 | 1 | 2 | -2 | -0 | 4 | |
| Free Cash Flow | -2 | 2 | 2 | -0 | 3 | -25 | -47 | -8 | 23 | |
| CFO/OP | 122% | 331% | 215% | -5% | 61% | 94% | -128% | -124% | 328% |
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 26 | 26 | 52 | 84 | 84 | 67 | 87 | 165 | 155 |
| Inventory Days | 365 | 57 | 25 | 14 | 44 | 159 | 182 | 147 | ||
| Days Payable | 365 | 70 | 77 | 52 | 81 | 141 | 104 | 55 | ||
| Cash Conversion Cycle | 0 | 26 | 26 | 38 | 32 | 46 | 30 | 106 | 243 | 247 |
| Working Capital Days | -1,883 | -22 | -19 | 30 | -59 | -12 | 6 | 127 | 211 | 163 |
| ROCE % | 28% | 12% | -13% | 16% | 23% | 14% | 3% | 4% |
| 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 | 44.84% | 33.63% | 33.57% | 33.48% | 33.40% | 33.28% | 33.28% | 33.28% | 33.26% | 33.26% | 33.26% | 32.92% |
| DIIs | 13.11% | 7.58% | 6.75% | 4.07% | 5.59% | 5.25% | 3.66% | 3.11% | 3.13% | 3.13% | 3.13% | 3.13% |
| Public | 42.05% | 58.78% | 59.68% | 62.46% | 61.01% | 61.49% | 63.07% | 63.62% | 63.61% | 63.61% | 63.62% | 63.94% |
| No. of Shareholders | 22,590 | 23,034 | 23,958 | 24,132 | 24,419 | 25,254 | 25,126 | 25,704 | 25,686 | 25,565 | 25,509 | 25,811 |
Fundamentals
Market Cap₹ 83.8 Cr.
Current Price₹ 10.7
Stock P/E38.8
Book Value₹ 9.33
ROCE4.24 %
ROE2.97 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)135%
Consolidated figures.
Valuation
Market capRs 75 Cr
Enterprise valueRs 199 Cr
P/E (TTM)45.28x
Price to book1.03x
Price to sales0.55x
EV / EBITDA14.02x
EV / EBIT20.10x
EV / sales1.45x
Price to cash flow2.37x
Earnings yield2.21%
P/E, 3-year average38.58x
P/B, 3-year average2.32x
P/E, 5-year average29.54x
P/B, 5-year average3.50x
Profitability
Operating margin (excl. other income)6.99%
Operating margin (incl. other income)10.30%
EBITDA margin10.31%
Pre-tax margin0.22%
Net profit margin1.20%
Net margin, latest quarter2.60%
ROE2.97%
ROCE4.82%
ROA0.83%
ROE, 3-year average1.83%
ROCE, 3-year average7.26%
ROA, 3-year average0.55%
ROE, 5-year average10.14%
ROCE, 5-year average11.86%
ROA, 5-year average3.96%
ROIC (approx.)36.23%
Tax rate-620.00%
Other income / net worth6.27%
Growth
Sales growth (latest year)6.01%
Sales CAGR, 3 years-5.35%
Sales CAGR, 5 years45.98%
Profit CAGR, 3 years-37.25%
Sales growth QoQ7.85%
Profit growth QoQ716.67%
Sales growth YoY (latest quarter)-25.33%
Per share
EPS (TTM)Rs 0.21
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 0.03
EPS, 5-year averageRs 0.98
Book value per shareRs 9.34
Sales per shareRs 17.66
Cash flow per shareRs 4.05
Free cash flow per shareRs 2.95
Efficiency
Asset turnover0.54x
Fixed asset turnover2.29x
Inventory turnover2.49x
Inventory days147 days
Debtor days155 days
Debtors turnover2.35x
Creditor days55 days
Cash conversion cycle247 days
Working capital days163 days
Leverage
Total debtRs 128 Cr
Cash and bankRs 4 Cr
Net debtRs 124 Cr
Debt to equity1.76x
Net debt / EBITDA8.73x
Interest coverage1.03x
Owners' fund to total sources28.76%
Debt to assets50.63%
Cash flow
Cash from Operating Activity (latest year)Rs 32 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs -15 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 23 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years0.68x
Sales to cash flow4.35x
Statement figures
Net sales (TTM)Rs 138 Cr
Net sales (latest year)Rs 138 Cr
Sales (latest quarter)Rs 38 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 94 Cr
Total expenditure (latest year)Rs 128 Cr
Total income (latest year)Rs 142 Cr
Share capitalRs 46 Cr
ReservesRs 27 Cr
Shareholders' fundsRs 73 Cr
Total assetsRs 253 Cr
Net blockRs 60 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 0 Cr
ReceivablesRs 59 Cr
InventoryRs 38 Cr
Other liabilitiesRs 52 Cr
Shares outstanding (crore)7.81
Ownership
Promoter holding32.92% (-0.36 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 26.4 is at the 15th percentile of its own 4.4-year range
(median 38.3, low 11.5, high 105.4).
P/B 0.60 is at the 4th percentile (median 6.71).
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 | 526445 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.4% | -2.8% | +0.3 pts |
| 1 month | +20.7% | -6.8% | +27.5 pts |
| 3 months | +7.0% | -7.6% | +14.6 pts |
| 3 years | -83.6% | +14.2% | -97.7 pts |
| 5 years | -67.7% | +27.9% | -95.6 pts |
Red flags
F-score 8 of 8| explain | Weak cash conversion Cash from operations was -226% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 33% in three |
| explain | Low interest cover Interest cover 1.0x in 2026 |
| look | Profit leans on other income Other income was 1523% 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
Mar 2026Sales ₹38 Cr -25.3% vs Mar 2025.
Net profit ₹1 Cr +111.5%.
Activity
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| L T Foods Ltd | 13,987 | 21.8 | 17.6 % |
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| Sanstar Ltd | 2,122 | 48.2 | 5.69 % |
| Amir Chand Jagdish Kumar (Exports) Ltd | 2,091 | 16.9 | 15.7 % |
| GRM Overseas Ltd | 1,632 | 21.3 | 14.0 % |
| AVT Natural Products Ltd | 1,403 | 16.7 | 14.2 % |
| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
| Gulshan Polyols Ltd | 1,027 | 6.96 | 18.6 % |
| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
| True Green Bio Energy Ltd | 622 | 11.6 | 13.8 % |
| Mangalam Global Enterprise Ltd | 533 | 14.4 | 17.0 % |
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 Indrayani Biotech Ltd?
Indrayani Biotech Ltd (526445) has a market capitalisation of Rs 83.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indrayani Biotech Ltd?
Indrayani Biotech Ltd trades at a P/E of 38.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indrayani Biotech Ltd's latest quarterly results?
In the Mar 2026 quarter, Indrayani Biotech Ltd sales was Rs 38 Cr (-25.3% vs Mar 2025) and net profit was Rs 1 Cr.