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 | 15.59 | 14.10 | 13.22 | 13.76 | 15.47 | 15.04 | 13.60 | 14.07 | 15.58 | 13.55 | 29.74 | 19.55 |
| Expenses | 15.55 | 13.24 | 8.96 | 13.59 | 13.54 | 13.37 | 12.60 | 14.64 | 12.90 | 12.65 | 35.14 | 19.31 |
| Operating Profit | 0.04 | 0.86 | 4.26 | 0.17 | 1.93 | 1.67 | 1.00 | -0.57 | 2.68 | 0.90 | -5.40 | 0.24 |
| OPM % | 0.26% | 6.10% | 32.22% | 1.24% | 12.48% | 11.10% | 7.35% | -4.05% | 17.20% | 6.64% | -18.16% | 1.23% |
| Other Income | 0.00 | 1.05 | -1.00 | 0.09 | -0.04 | 0.04 | 0.10 | 0.10 | 0.19 | 0.17 | 8.50 | 0.90 |
| Interest | 0.77 | 0.67 | 0.66 | 0.62 | 0.62 | 0.62 | 0.77 | 0.69 | 0.56 | 0.50 | 0.72 | 0.50 |
| Depreciation | 0.55 | 0.51 | 0.52 | 0.48 | 0.49 | 0.51 | 0.50 | 0.50 | 0.50 | 0.50 | 0.40 | 0.43 |
| Profit before tax | -1.28 | 0.73 | 2.08 | -0.84 | 0.78 | 0.58 | -0.17 | -1.66 | 1.81 | 0.07 | 1.98 | 0.21 |
| Tax % | -2.34% | -4.11% | -1.44% | -4.76% | -5.13% | 10.34% | -52.94% | -3.01% | 6.63% | -14.29% | 19.70% | 23.81% |
| Net Profit | -1.25 | 0.75 | 2.11 | -0.81 | 0.82 | 0.52 | -0.08 | -1.61 | 1.69 | 0.09 | 1.60 | 0.15 |
| EPS in Rs | -1.38 | 0.83 | 2.32 | -0.89 | 0.90 | 0.57 | -0.09 | -1.77 | 1.86 | 0.10 | 1.76 | 0.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28.53 | 29.99 | 44.52 | 47.51 | 60.29 | 56.75 | 63.51 | 66.95 | 58.91 | 57.87 | 72.75 | 78.42 |
| Expenses | 28.90 | 28.30 | 43.09 | 45.48 | 56.58 | 52.61 | 58.98 | 62.66 | 53.91 | 52.97 | 74.50 | 80.00 |
| Operating Profit | -0.37 | 1.69 | 1.43 | 2.03 | 3.71 | 4.14 | 4.53 | 4.29 | 5.00 | 4.90 | -1.75 | -1.58 |
| OPM % | -1.30% | 5.64% | 3.21% | 4.27% | 6.15% | 7.30% | 7.13% | 6.41% | 8.49% | 8.47% | -2.41% | -2.01% |
| Other Income | 2.05 | 0.08 | 0.27 | 0.29 | 0.07 | 0.04 | 0.10 | 0.21 | 0.06 | 0.09 | 8.35 | 9.76 |
| Interest | 0.51 | 0.52 | 0.53 | 0.89 | 1.62 | 1.98 | 2.36 | 2.19 | 2.60 | 2.66 | 2.49 | 2.28 |
| Depreciation | 0.93 | 1.04 | 0.86 | 1.31 | 1.76 | 1.94 | 2.11 | 2.16 | 2.04 | 1.99 | 1.91 | 1.83 |
| Profit before tax | 0.24 | 0.21 | 0.31 | 0.12 | 0.40 | 0.26 | 0.16 | 0.15 | 0.42 | 0.34 | 2.20 | 4.07 |
| Tax % | 37.50% | 52.38% | 38.71% | 600.00% | 50.00% | -50.00% | -18.75% | -60.00% | 73.81% | -35.29% | 9.09% | |
| Net Profit | 0.15 | 0.10 | 0.19 | -0.60 | 0.20 | 0.39 | 0.19 | 0.24 | 0.11 | 0.46 | 2.00 | 3.53 |
| EPS in Rs | 0.17 | 0.11 | 0.21 | -0.66 | 0.22 | 0.43 | 0.21 | 0.26 | 0.12 | 0.51 | 2.20 | 3.89 |
| 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 | 10% | 5% | 3% | 35% | ||
| Compounded Profit Growth | % | % | % | 1109% | ||
| Stock Price CAGR | 1% | 4% | -6% | -19% | ||
| Return on Equity | -3% | -6% | -11% | -36% |
| 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 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 | 9.08 |
| Reserves | 7.77 | 7.91 | 8.02 | 8.21 | 7.61 | 7.81 | 7.72 | 7.96 | 8.23 | 8.28 | 8.73 | 10.77 |
| Borrowings | 2.81 | 3.94 | 3.71 | 5.27 | 20.24 | 22.87 | 24.16 | 29.14 | 26.17 | 28.37 | 32.24 | 35.76 |
| Other Liabilities | 3.96 | 4.27 | 4.34 | 8.35 | 10.11 | 13.23 | 14.39 | 18.66 | 22.67 | 22.42 | 20.01 | 16.36 |
| Total Liabilities | 23.62 | 25.20 | 25.15 | 30.91 | 47.04 | 52.99 | 55.35 | 64.84 | 66.15 | 68.15 | 70.06 | 71.97 |
| Fixed Assets | 5.97 | 6.56 | 6.01 | 5.82 | 16.46 | 17.16 | 17.78 | 17.24 | 15.38 | 14.06 | 12.63 | 10.30 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.38 | 1.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 17.65 | 18.64 | 19.14 | 24.71 | 29.15 | 35.83 | 37.57 | 47.60 | 50.77 | 54.09 | 57.43 | 61.67 |
| Total Assets | 23.62 | 25.20 | 25.15 | 30.91 | 47.04 | 52.99 | 55.35 | 64.84 | 66.15 | 68.15 | 70.06 | 71.97 |
| 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 | 1.38 | 0.68 | -0.26 | -1.45 | -1.09 | 3.70 | -4.77 | 3.17 | -1.02 | -3.81 | -12.18 | |
| Cash from Investing Activity | -1.51 | -0.49 | -1.05 | -13.03 | -0.99 | -2.54 | -1.55 | -0.27 | -0.69 | -0.55 | 8.71 | |
| Cash from Financing Activity | -0.01 | -0.19 | 1.43 | 14.39 | 2.05 | -1.34 | 6.49 | -2.98 | 2.21 | 3.87 | 3.52 | |
| Net Cash Flow | -0.14 | 0.00 | 0.12 | -0.09 | -0.04 | -0.18 | 0.18 | -0.08 | 0.50 | -0.48 | 0.05 | |
| Free Cash Flow | 1.40 | 0.19 | -1.31 | -14.48 | -2.08 | 1.16 | -6.32 | 2.90 | -1.72 | -4.45 | -3.50 | |
| CFO/OP | -405% | 51% | -6% | -71% | -29% | 92% | -104% | 74% | -20% | -78% | 693% |
| 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 | 91.52 | 103.37 | 99.68 | 101.33 | 107.10 | 123.38 | 132.24 | 152.07 | 139.84 | 189.16 | 229.02 | 218.20 |
| Inventory Days | 140.95 | 126.32 | 153.14 | 103.72 | 100.25 | 88.98 | 131.54 | 130.57 | 111.71 | 143.21 | 140.52 | 90.70 |
| Days Payable | 33.87 | 40.42 | 38.54 | 73.76 | 74.67 | 90.23 | 104.75 | 98.56 | 111.77 | 141.06 | 66.43 | 77.27 |
| Cash Conversion Cycle | 198.60 | 189.27 | 214.28 | 131.30 | 132.67 | 122.12 | 159.02 | 184.08 | 139.78 | 191.31 | 303.11 | 231.63 |
| Working Capital Days | 168.72 | 134.84 | 122.32 | 84.04 | 77.13 | 63.57 | 65.54 | 81.32 | 80.09 | 106.51 | 112.58 | 117.90 |
| ROCE % | 3.92% | 3.65% | 3.50% | 3.87% | 3.40% | 5.27% | 5.57% | 5.78% | 5.24% | 6.70% | 6.43% | -6.76% |
| 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 | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% | 41.31% |
| DIIs | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| Public | 57.92% | 57.92% | 57.92% | 57.92% | 57.92% | 57.91% | 57.93% | 57.92% | 57.92% | 57.92% | 57.91% | 57.92% |
| No. of Shareholders | 2,540 | 2,539 | 2,579 | 2,579 | 2,579 | 2,840 | 2,978 | 2,993 | 2,989 | 3,010 | 3,021 | 3,012 |
Fundamentals
Market Cap₹ 8.73 Cr.
Current Price₹ 9.62
Stock P/E2.47
Book Value₹ 21.9
ROCE-6.76 %
ROE-35.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)35%
Compounded Profit Growth (TTM)1109%
Standalone figures.
Valuation
Market capRs 9 Cr
Enterprise valueRs 45 Cr
P/E (TTM)2.55x
Price to book0.45x
Price to sales0.11x
EV / EBITDA5.45x
EV / EBIT7.01x
EV / sales0.57x
Earnings yield39.21%
P/E, 3-year average44.09x
P/B, 3-year average0.55x
P/E, 5-year average40.07x
P/B, 5-year average0.50x
Profitability
Operating margin (excl. other income)-2.41%
Operating margin (incl. other income)9.07%
EBITDA margin10.43%
Pre-tax margin5.19%
Net profit margin4.50%
Net margin, latest quarter0.77%
ROE10.62%
ROCE8.88%
ROA2.82%
ROE, 3-year average4.62%
ROCE, 3-year average7.30%
ROA, 3-year average1.22%
ROE, 5-year average3.28%
ROCE, 5-year average6.58%
ROA, 5-year average0.87%
ROIC (approx.)10.42%
Tax rate9.09%
Other income / net worth42.07%
Growth
Sales growth (latest year)25.71%
Profit growth (latest year)334.78%
Sales CAGR, 3 years2.81%
Sales CAGR, 5 years5.09%
Profit CAGR, 3 years102.74%
Profit CAGR, 5 years38.67%
Sales growth QoQ-34.26%
Profit growth QoQ-90.62%
Sales growth YoY (latest quarter)38.95%
Per share
EPS (TTM)Rs 3.89
EPS (latest year)Rs 2.20
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs 0.94
EPS, 5-year averageRs 0.66
Book value per shareRs 21.87
Sales per shareRs 86.40
Cash flow per shareRs -13.42
Free cash flow per shareRs -3.86
Efficiency
Asset turnover1.01x
Fixed asset turnover7.06x
Inventory turnover4.35x
Inventory days84 days
Debtor days218 days
Debtors turnover1.67x
Creditor days77 days
Cash conversion cycle232 days
Working capital days118 days
Leverage
Total debtRs 36 Cr
Cash and bankRs 0 Cr
Net debtRs 36 Cr
Debt to equity1.80x
Net debt / EBITDA4.34x
Interest coverage2.79x
Owners' fund to total sources27.58%
Debt to assets49.69%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs 9 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years-6.20x
Statement figures
Net sales (TTM)Rs 78 Cr
Net sales (latest year)Rs 73 Cr
Sales (latest quarter)Rs 20 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 70 Cr
Total expenditure (latest year)Rs 74 Cr
Total income (latest year)Rs 81 Cr
Share capitalRs 9 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 20 Cr
Total assetsRs 72 Cr
Net blockRs 10 Cr
ReceivablesRs 43 Cr
InventoryRs 16 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)0.91
Ownership
Promoter holding41.31% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 2.5 is the lowest in its own 8.1-year history
(median 31.1, low 2.5, high 171.4).
P/B 0.45 is at the 59th percentile (median 0.41).
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 | 530421 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.8% | -2.8% | +9.6 pts |
| 1 month | -3.2% | -6.8% | +3.6 pts |
| 3 months | -17.3% | -7.6% | -9.7 pts |
| 3 years | -14.9% | +14.2% | -29.1 pts |
| 5 years | +31.6% | +27.9% | +3.7 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -662% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 20% of total assets in 2026 |
| look | Profit leans on other income Other income was 380% 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 ₹20 Cr +38.9% vs Jun 2025.
Net profit ₹0 Cr +109.3%.
Activity
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|---|---|---|---|
| SRF Ltd | 71,738 | 32.0 | 14.6 % |
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| Tanfac Industries Ltd | 7,226 | 107 | 23.9 % |
| Gujarat Alkalies & Chemicals Ltd | 4,606 | 69.4 | 1.42 % |
| Grauer & Weil (India) Ltd | 3,744 | 23.4 | 20.6 % |
| GHCL Ltd | 3,724 | 8.16 | 17.4 % |
| J.G.Chemicals Ltd | 2,576 | 34.3 | 18.1 % |
| Thirumalai Chemicals Ltd | 1,834 | -3.15 % | |
| I G Petrochemicals Ltd | 1,801 | 22.1 | 3.11 % |
| Indo Borax & Chemicals Ltd | 1,569 | 32.0 | 15.4 % |
| Innovassynth Technologies (India) Ltd | 1,405 | -16.4 % | |
| Citurgia Biochemicals Ltd | 1,380 | % | |
| Vikram Thermo (India) Ltd | 1,320 | 30.1 | 36.2 % |
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 Kuwer Industries Ltd?
Kuwer Industries Ltd (530421) has a market capitalisation of Rs 8.73 Cr. at the 2026-10-01 close.
What is the P/E ratio of Kuwer Industries Ltd?
Kuwer Industries Ltd trades at a P/E of 2.47 on trailing twelve-month profit, at the 2026-10-01 close.
What were Kuwer Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Kuwer Industries Ltd sales was Rs 20 Cr (+38.9% vs Jun 2025) and net profit was Rs 0 Cr.