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 | 4.26 | 0.73 | 0.46 | 6.04 | 4.74 | 1.47 | 2.52 | 1.96 | 14.52 | 2.77 | 21.46 | 6.29 |
| Expenses | 0.71 | 1.94 | 4.67 | 4.08 | 20.98 | 1.48 | 1.37 | 15.77 | 0.38 | -1.44 | 14.59 | 2.96 |
| Operating Profit | 3.55 | -1.21 | -4.21 | 1.96 | -16.24 | -0.01 | 1.15 | -13.81 | 14.14 | 4.21 | 6.87 | 3.33 |
| OPM % | 83.33% | -165.75% | -915.22% | 32.45% | -342.62% | -0.68% | 45.63% | -704.59% | 97.38% | 151.99% | 32.01% | 52.94% |
| Other Income | 0.00 | 0.08 | 8.85 | 0.78 | 16.33 | 0.05 | 0.00 | 0.12 | 0.26 | 0.37 | 13.36 | 1.61 |
| Interest | 2.18 | 1.88 | 0.57 | 1.19 | 0.93 | 0.47 | 2.79 | 3.38 | 4.78 | 2.97 | -1.41 | 3.13 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Profit before tax | 1.32 | -3.06 | 4.02 | 1.50 | -0.89 | -0.48 | -1.69 | -17.12 | 9.57 | 1.56 | 21.59 | 1.76 |
| Tax % | 0.00% | 3.92% | 29.60% | 4.67% | -2.25% | 16.67% | 32.54% | 0.00% | -23.72% | 651.92% | -15.79% | 6.25% |
| Net Profit | 1.32 | -3.18 | 2.83 | 1.44 | -0.87 | -0.57 | -2.24 | -17.12 | 11.84 | -8.60 | 25.01 | 1.65 |
| EPS in Rs | 0.16 | -0.40 | 0.35 | 0.18 | -0.11 | -0.07 | -0.28 | -2.13 | 1.47 | -1.07 | 3.11 | 0.21 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4 | 5 | 1 | -6 | 12 | 23 | 9 | 19 | 7 | 16 | 41 | 45 |
| Expenses | 6 | 5 | 1 | -7 | 21 | 33 | 13 | 8 | 8 | 15 | 16 | 16 |
| Operating Profit | -2 | 0 | 0 | 1 | -9 | -11 | -4 | 11 | -2 | 1 | 24 | 29 |
| OPM % | -50% | 3.0% | 0.0% | 36% | -79% | -47% | -44% | 57% | -23% | 4.4% | 60% | 63% |
| Other Income | 0 | 0 | 0 | 0 | 10 | 15 | 28 | 2 | 9 | 3 | 1 | 16 |
| Interest | 1 | 0 | 0 | 1 | 1 | 3 | 3 | 7 | 7 | 5 | 10 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -3 | 0 | -0 | 0 | 0 | 2 | 21 | 6 | 1 | -2 | 16 | 34 |
| Tax % | 0% | 100% | 17% | 0% | -642% | 17% | 2% | 23% | 160% | 44% | 29% | |
| Net Profit | -3 | 0 | -0 | 0 | 2 | 2 | 21 | 4 | -0 | -2 | 11 | 30 |
| EPS in Rs | -0.34 | 0.00 | -0.03 | 0.04 | 0.22 | 0.19 | 2.61 | 0.56 | -0.06 | -0.28 | 1.39 | 3.72 |
| 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 | 26% | 12% | 28% | 321% | ||
| Compounded Profit Growth | 20% | 48% | 35% | 244% | ||
| Stock Price CAGR | 2% | 37% | 36% | 10% | ||
| Return on Equity | 15% | 20% | 9% | 35% |
| 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 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | -3 | -5 | -5 | -6 | -5 | -6 | -1 | 22 | 24 | 13 | 3 | 19 |
| Borrowings | 0 | 4 | 0 | 1 | 11 | 25 | 30 | 81 | 107 | 42 | 54 | 47 |
| Other Liabilities | 8 | 2 | 2 | 2 | 14 | 13 | 11 | 4 | 7 | 31 | 31 | 33 |
| Total Liabilities | 26 | 21 | 17 | 17 | 41 | 53 | 60 | 128 | 159 | 106 | 109 | 120 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 18 | 11 | 28 | 18 | 18 | 17 | 11 |
| Other Assets | 26 | 21 | 17 | 17 | 33 | 34 | 48 | 100 | 139 | 87 | 90 | 107 |
| Total Assets | 26 | 21 | 17 | 17 | 41 | 53 | 60 | 128 | 159 | 106 | 109 | 120 |
| 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 | 13 | -1 | 0 | -2 | -0 | -40 | -12 | -29 | -41 | 75 | -2 | 0 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | -8 | -9 | 7 | -17 | 8 | -4 | -10 | 7 |
| Cash from Financing Activity | -12 | 1 | -0 | 1 | 11 | 47 | 5 | 47 | 33 | -72 | 12 | -7 |
| Net Cash Flow | 0 | 0 | 0 | -1 | 3 | -2 | -0 | 1 | 0 | -1 | 0 | -0 |
| Free Cash Flow | 13 | -1 | 0 | -2 | -0 | -40 | -12 | -30 | -43 | 72 | -2 | 0 |
| CFO/OP | -405% | 26% | 293% | -20% | 430% | 112% | 736% | -367% | -4,772% | -167% | 3% |
| 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 | 0 | 0 | 0 | 0 | -46 | 4 | 239 | 360 | 168 | 0 | 14 | 0 |
| Inventory Days | 50 | 94 | 66 | 2,318 | 20 | 249 | 118 | |||||
| Days Payable | 0 | 0 | 1 | 10 | 324 | 1,611 | 1,631 | |||||
| Cash Conversion Cycle | 50 | 94 | 65 | 2,308 | -46 | -300 | -1,123 | 360 | -1,345 | 0 | 14 | 0 |
| Working Capital Days | 1,054 | 1,606 | 1,099 | 5,000 | -99 | -26 | 90 | 284 | 49 | -1,116 | -676 | -173 |
| ROCE % | -10% | -11% | 1% | 0% | 4% | 3% | 10% | 28% | 10% | 7% | 5% | 31% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% | 10.10% | 10.05% | 10.05% | 44.20% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
| Public | 96.90% | 96.90% | 96.89% | 96.89% | 96.89% | 96.89% | 96.89% | 96.90% | 89.90% | 89.95% | 89.95% | 55.77% |
| No. of Shareholders | 8,730 | 8,915 | 9,201 | 10,113 | 10,974 | 10,903 | 10,671 | 11,043 | 10,674 | 10,509 | 10,412 | 10,962 |
Fundamentals
Market Cap₹ 92.1 Cr.
Current Price₹ 11.4
Stock P/E3.08
Book Value₹ 4.92
ROCE30.9 %
ROE35.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)321%
Compounded Profit Growth (TTM)244%
Standalone figures.
Valuation
Market capRs 88 Cr
Enterprise valueRs 130 Cr
P/E (TTM)2.96x
Price to book2.23x
Price to sales1.96x
EV / EBITDA2.94x
EV / EBIT2.95x
EV / sales2.88x
Price to cash flow401.69x
Earnings yield33.83%
P/E, 3-year average1.20x
P/B, 3-year average0.49x
P/E, 5-year average1.05x
P/B, 5-year average0.36x
Profitability
Operating margin (excl. other income)60.06%
Operating margin (incl. other income)62.71%
EBITDA margin98.02%
Pre-tax margin76.55%
Net profit margin66.39%
Net margin, latest quarter26.23%
ROE35.39%
ROCE30.88%
ROA9.75%
ROE, 3-year average8.74%
ROCE, 3-year average14.22%
ROA, 3-year average2.44%
ROE, 5-year average20.96%
ROCE, 5-year average16.00%
ROA, 5-year average6.57%
ROIC (approx.)38.78%
Tax rate28.64%
Other income / net worth2.73%
Growth
Sales growth (latest year)161.63%
Sales CAGR, 3 years28.38%
Sales CAGR, 5 years12.40%
Profit CAGR, 3 years35.48%
Profit CAGR, 5 years48.36%
Sales growth QoQ-70.69%
Profit growth QoQ-93.40%
Sales growth YoY (latest quarter)220.92%
Per share
EPS (TTM)Rs 3.72
EPS (latest year)Rs 5.45
EPS (latest quarter)Rs 0.21
EPS, 3-year averageRs 1.37
EPS, 5-year averageRs 3.32
Book value per shareRs 4.92
Sales per shareRs 5.60
Cash flow per shareRs 0.03
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.34x
Fixed asset turnover26.96x
Inventory turnover0.00x
Debtor days0 days
Debtors turnover2035.50x
Creditor days1631 days
Cash conversion cycle0 days
Working capital days-173 days
Leverage
Total debtRs 47 Cr
Cash and bankRs 6 Cr
Net debtRs 41 Cr
Debt to equity1.19x
Net debt / EBITDA0.94x
Interest coverage4.64x
Owners' fund to total sources33.03%
Debt to assets39.15%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 7 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years0.09x
Sales to cash flow185.05x
Statement figures
Net sales (TTM)Rs 45 Cr
Net sales (latest year)Rs 41 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 24 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 44 Cr
PBDT (TTM)Rs 35 Cr
Profit before tax (TTM)Rs 34 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 30 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 16 Cr
Total income (latest year)Rs 42 Cr
Share capitalRs 20 Cr
ReservesRs 19 Cr
Shareholders' fundsRs 40 Cr
Total assetsRs 120 Cr
Net blockRs 2 Cr
InvestmentsRs 11 Cr
ReceivablesRs 0 Cr
InventoryRs 13 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)8.04
Ownership
Promoter holding44.20% (+41.10 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 3.0 is at the 17th percentile of its own 5.8-year range
(median 10.7, low 1.3, high 40.5).
P/B 2.23 is at the 84th percentile (median 1.06).
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 | 531502 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.7% | -2.8% | -0.9 pts |
| 1 month | -11.3% | -6.8% | -4.5 pts |
| 3 months | -8.7% | -7.6% | -1.1 pts |
| 3 years | +142.1% | +14.2% | +127.9 pts |
| 5 years | +361.8% | +27.9% | +333.9 pts |
Red flags
F-score 7 of 8| look | Inventory outrunning sales Inventory grew 3345% vs sales +162% 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 ₹6 Cr +220.9% vs Jun 2025.
Net profit ₹2 Cr +109.6%.
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 Esaar (India) Ltd?
Esaar (India) Ltd (531502) has a market capitalisation of Rs 92.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Esaar (India) Ltd?
Esaar (India) Ltd trades at a P/E of 3.08 on trailing twelve-month profit, at the 2026-10-01 close.
What were Esaar (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Esaar (India) Ltd sales was Rs 6 Cr (+220.9% vs Jun 2025) and net profit was Rs 2 Cr.