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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 0.26 | 0.28 | 0.28 | 0.20 | 0.19 | 0.21 | 0.19 | 0.21 | 0.53 | 0.61 | 0.82 | 0.25 |
| Operating Profit | -0.26 | -0.28 | -0.28 | -0.20 | -0.19 | -0.21 | -0.19 | -0.21 | -0.53 | -0.61 | -0.82 | -0.25 |
| OPM % | ||||||||||||
| Other Income | 0.21 | 0.15 | 0.22 | 0.13 | 0.12 | 0.11 | 0.17 | 0.13 | 0.11 | 7.44 | 0.31 | 0.38 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 |
| Depreciation | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | 0.20 | 0.20 | 0.17 | 0.14 | 0.13 |
| Profit before tax | -0.27 | -0.34 | -0.27 | -0.28 | -0.28 | -0.31 | -0.22 | -0.28 | -0.62 | 6.66 | -0.69 | 0.00 |
| Tax % | -33.33% | -17.65% | -11.11% | -39.29% | -10.71% | -48.39% | -31.82% | -21.43% | -27.42% | 25.23% | -24.64% | |
| Net Profit | -0.18 | -0.28 | -0.25 | -0.17 | -0.25 | -0.15 | -0.16 | -0.22 | -0.46 | 4.97 | -0.52 | 0.00 |
| EPS in Rs | -0.26 | -0.40 | -0.36 | -0.24 | -0.36 | -0.21 | -0.23 | -0.31 | -0.66 | 7.10 | -0.74 | 0.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.46 | 15.56 | 16.02 | 15.95 | 13.83 | 13.09 | 10.57 | -0.02 | -0.02 | -0.02 | 0.00 | 0.00 |
| Expenses | 11.68 | 11.49 | 13.06 | 13.59 | 12.52 | 12.29 | 11.59 | 1.93 | 1.06 | 0.76 | 2.16 | 2.21 |
| Operating Profit | 2.78 | 4.07 | 2.96 | 2.36 | 1.31 | 0.80 | -1.02 | -1.95 | -1.08 | -0.78 | -2.16 | -2.21 |
| OPM % | 19.23% | 26.16% | 18.48% | 14.80% | 9.47% | 6.11% | -9.65% | |||||
| Other Income | 0.69 | 1.26 | 1.13 | 1.06 | 1.30 | 0.82 | 3.97 | 0.64 | 0.79 | 0.52 | 7.98 | 8.24 |
| Interest | 1.53 | 1.35 | 0.96 | 1.06 | 0.99 | 0.68 | 0.45 | 0.00 | 0.01 | 0.00 | 0.05 | 0.04 |
| Depreciation | 1.14 | 1.46 | 1.49 | 1.49 | 1.40 | 1.45 | 1.30 | 0.87 | 0.86 | 0.83 | 0.71 | 0.64 |
| Profit before tax | 0.80 | 2.52 | 1.64 | 0.87 | 0.22 | -0.51 | 1.20 | -2.18 | -1.16 | -1.09 | 5.06 | 5.35 |
| Tax % | 33.75% | 34.13% | 40.85% | 5.75% | 18.18% | -17.65% | 29.17% | -25.69% | -25.86% | -32.11% | 25.49% | |
| Net Profit | 0.53 | 1.66 | 0.96 | 0.83 | 0.18 | -0.42 | 0.84 | -1.62 | -0.86 | -0.74 | 3.77 | 3.99 |
| EPS in Rs | 0.76 | 2.37 | 1.37 | 1.19 | 0.26 | -0.60 | 1.20 | -2.31 | -1.23 | -1.06 | 5.39 | 5.70 |
| 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 | % | % | % | -100% | ||
| Compounded Profit Growth | 22% | 62% | 63% | 612% | ||
| Stock Price CAGR | 30% | 86% | 153% | 766% | ||
| Return on Equity | 1% | -1% | 3% | 16% |
| 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 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 12.70 | 13.23 | 15.13 | 16.09 | 16.89 | 17.05 | 16.66 | 17.34 | 15.73 | 14.87 | 14.13 | 17.91 |
| Borrowings | 12.06 | 13.61 | 15.61 | 9.12 | 6.90 | 6.34 | 6.53 | 0.45 | 0.17 | 0.81 | 0.03 | 2.96 |
| Other Liabilities | 1.82 | 2.85 | 4.28 | 6.59 | 4.40 | 3.58 | 3.47 | 2.58 | 1.69 | 1.27 | 0.84 | 1.26 |
| Total Liabilities | 33.58 | 36.69 | 42.02 | 38.80 | 35.19 | 33.97 | 33.66 | 27.37 | 24.59 | 23.95 | 22.00 | 29.13 |
| Fixed Assets | 12.20 | 17.14 | 17.32 | 16.83 | 15.34 | 14.94 | 13.73 | 8.20 | 7.43 | 6.57 | 5.66 | 2.47 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 21.13 | 19.30 | 24.45 | 21.72 | 19.60 | 18.76 | 19.93 | 19.17 | 17.16 | 17.38 | 16.34 | 26.66 |
| Total Assets | 33.58 | 36.69 | 42.02 | 38.80 | 35.19 | 33.97 | 33.66 | 27.37 | 24.59 | 23.95 | 22.00 | 29.13 |
| 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 | -0.38 | 5.14 | 4.66 | 4.45 | 1.22 | 1.43 | 2.52 | -1.05 | -0.32 | -1.40 | 2.08 | -15.24 |
| Cash from Investing Activity | -0.78 | -5.97 | -5.26 | 1.83 | 1.53 | -0.10 | -1.81 | 6.98 | 0.43 | 0.72 | 0.55 | 10.45 |
| Cash from Financing Activity | 1.07 | 0.87 | 0.64 | -6.33 | -2.76 | -1.34 | -0.71 | -5.73 | -0.28 | 0.64 | -0.77 | 2.94 |
| Net Cash Flow | -0.09 | 0.04 | 0.05 | -0.05 | -0.01 | -0.02 | -0.01 | 0.19 | -0.17 | -0.04 | 1.86 | -1.85 |
| Free Cash Flow | -1.47 | -0.94 | 3.01 | 3.43 | 1.42 | 0.42 | 2.27 | 6.51 | -0.43 | -1.38 | 2.14 | -5.46 |
| CFO/OP | -15% | 190% | 122% | 166% | 67% | 121% | 330% | 106% | 16% | 131% | -267% | 706% |
| 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 | 116.92 | 146.15 | 139.34 | 136.25 | 131.58 | 152.81 | 126.87 | 48.34 | -8,577.50 | -10,220.00 | -10,767.50 | |
| Inventory Days | 53.61 | 125.92 | 208.17 | 173.07 | 134.56 | 176.77 | 140.51 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Days Payable | 13.06 | 39.99 | 60.68 | 178.81 | 83.52 | 59.24 | 58.14 | |||||
| Cash Conversion Cycle | 157.48 | 232.08 | 286.83 | 130.51 | 182.62 | 270.34 | 209.24 | 48.34 | -8,577.50 | -10,220.00 | -10,767.50 | |
| Working Capital Days | -10.67 | -8.08 | 12.43 | 0.23 | 23.11 | 42.49 | 23.42 | 128.11 | 47,997.50 | 43,252.50 | 61,867.50 | |
| ROCE % | 6.94% | 7.13% | 10.81% | 7.46% | 6.13% | 3.96% | 0.56% | -6.11% | -9.14% | -5.09% | -4.88% | 20.89% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 51.68% | 49.77% |
| Public | 48.31% | 48.32% | 48.30% | 48.31% | 48.31% | 48.31% | 48.32% | 48.31% | 48.31% | 48.31% | 48.32% | 50.24% |
| No. of Shareholders | 4,567 | 4,646 | 4,655 | 4,850 | 4,957 | 4,927 | 4,882 | 4,833 | 4,760 | 4,805 | 4,966 | 4,969 |
Fundamentals
Market Cap₹ 164 Cr.
Current Price₹ 234
Stock P/E41.0
Book Value₹ 35.6
ROCE20.9 %
ROE16.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-100%
Compounded Profit Growth (TTM)612%
Standalone figures.
Valuation
Market capRs 150 Cr
Enterprise valueRs 153 Cr
P/E (TTM)39.75x
Price to book6.02x
EV / EBITDA26.57x
EV / EBIT29.89x
Earnings yield2.52%
P/E, 3-year average6.57x
P/B, 3-year average0.72x
P/E, 5-year average10.76x
P/B, 5-year average0.61x
Profitability
ROE16.38%
ROCE20.84%
ROA14.75%
ROE, 3-year average3.03%
ROCE, 3-year average3.61%
ROA, 3-year average2.66%
ROE, 5-year average1.14%
ROCE, 5-year average1.54%
ROA, 5-year average0.90%
ROIC (approx.)13.70%
Tax rate25.49%
Other income / net worth32.04%
Per share
EPS (TTM)Rs 5.39
EPS (latest year)Rs 5.39
EPS, 3-year averageRs 1.03
EPS, 5-year averageRs 0.40
Book value per shareRs 35.59
Cash flow per shareRs -21.77
Free cash flow per shareRs -7.80
Efficiency
Creditor days58 days
Cash conversion cycle-10768 days
Working capital days61868 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.12x
Net debt / EBITDA0.50x
Interest coverage102.20x
Owners' fund to total sources85.51%
Debt to assets10.16%
Cash flow
Cash from Operating Activity (latest year)Rs -15 Cr
Cash from Investing Activity (latest year)Rs 10 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-11.46x
Statement figures
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total income (latest year)Rs 8 Cr
Share capitalRs 7 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 25 Cr
Total assetsRs 29 Cr
Net blockRs 2 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.70
Ownership
Promoter holding49.77% (-1.91 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 39.8 is at the 91th percentile of its own 5.8-year range
(median 9.6, low 5.6, high 50.2).
P/B 6.02 is at the 96th percentile (median 0.47).
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 | 526604 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.2% | -2.8% | -3.4 pts |
| 1 month | -1.4% | -6.8% | +5.4 pts |
| 3 months | -3.2% | -7.6% | +4.4 pts |
| 3 years | +1383.7% | +14.2% | +1369.5 pts |
| 5 years | +1978.6% | +27.9% | +1950.7 pts |
Red flags
F-score 3 of 6| explain | Weak cash conversion Cash from operations was -671% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 65% of total assets in 2026 |
| look | Profit leans on other income Other income was 158% 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 ₹0 Cr.
Net profit ₹0 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 Lippi Systems Ltd?
Lippi Systems Ltd (526604) has a market capitalisation of Rs 164 Cr. at the 2026-10-01 close.
What is the P/E ratio of Lippi Systems Ltd?
Lippi Systems Ltd trades at a P/E of 41.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Lippi Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Lippi Systems Ltd sales was Rs 0 Cr and net profit was Rs 0 Cr.