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 | 2.91 | 3.11 | 3.70 | 2.81 | 2.14 | 2.63 | 2.76 | 1.62 | 2.11 | 2.73 | 2.50 | 3.21 |
| Expenses | 3.00 | 3.14 | 3.97 | 2.80 | 2.20 | 2.52 | 2.77 | 2.14 | 2.58 | 3.04 | 3.19 | 3.99 |
| Operating Profit | -0.09 | -0.03 | -0.27 | 0.01 | -0.06 | 0.11 | -0.01 | -0.52 | -0.47 | -0.31 | -0.69 | -0.78 |
| OPM % | -3.09% | -0.96% | -7.30% | 0.36% | -2.80% | 4.18% | -0.36% | -32.10% | -22.27% | -11.36% | -27.60% | -24.30% |
| Other Income | 0.27 | 2.13 | 1.15 | 0.34 | 0.41 | 0.36 | 0.53 | 0.35 | 0.43 | 0.59 | 0.62 | 1.66 |
| Interest | 0.03 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 |
| Depreciation | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 |
| Profit before tax | 0.07 | 1.97 | 0.76 | 0.22 | 0.23 | 0.35 | 0.40 | -0.27 | -0.14 | 0.16 | -0.19 | 0.75 |
| Tax % | 57.14% | -3.05% | 15.79% | 27.27% | -8.70% | 40.00% | 22.50% | -7.41% | 50.00% | 12.50% | -10.53% | 4.00% |
| Net Profit | 0.03 | 2.03 | 0.64 | 0.17 | 0.26 | 0.20 | 0.31 | -0.25 | -0.21 | 0.15 | -0.17 | 0.72 |
| EPS in Rs | 0.05 | 3.67 | 1.16 | 0.31 | 0.47 | 0.36 | 0.56 | -0.45 | -0.38 | 0.33 | -0.38 | 1.61 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 17.97 | 15.68 | 17.69 | 17.56 | 19.47 | 18.43 | 18.16 | 13.39 | 12.77 | 10.34 | 8.91 | 10.55 |
| Expenses | 14.77 | 14.53 | 16.48 | 17.42 | 20.00 | 19.12 | 18.56 | 13.82 | 13.23 | 10.29 | 10.90 | 12.80 |
| Operating Profit | 3.20 | 1.15 | 1.21 | 0.14 | -0.53 | -0.69 | -0.40 | -0.43 | -0.46 | 0.05 | -1.99 | -2.25 |
| OPM % | 17.81% | 7.33% | 6.84% | 0.80% | -2.72% | -3.74% | -2.20% | -3.21% | -3.60% | 0.48% | -22.33% | -21.33% |
| Other Income | 0.41 | 0.35 | 0.28 | 0.95 | 0.36 | 6.93 | 1.10 | 1.11 | 4.12 | 1.63 | 2.00 | 3.30 |
| Interest | 0.37 | 0.22 | 0.20 | 0.22 | 0.26 | 0.15 | 0.14 | 0.14 | 0.14 | 0.08 | 0.07 | 0.08 |
| Depreciation | 0.52 | 0.53 | 0.47 | 0.48 | 0.50 | 0.42 | 0.41 | 0.32 | 0.33 | 0.39 | 0.38 | 0.39 |
| Profit before tax | 2.72 | 0.75 | 0.82 | 0.39 | -0.93 | 5.67 | 0.15 | 0.22 | 3.19 | 1.21 | -0.44 | 0.58 |
| Tax % | 44.49% | -8.00% | 17.07% | 20.51% | -3.23% | -2.29% | 33.33% | 0.00% | 6.27% | 22.31% | 9.09% | |
| Net Profit | 1.50 | 0.81 | 0.68 | 0.30 | -0.89 | 5.80 | 0.10 | 0.22 | 3.00 | 0.94 | -0.48 | 0.49 |
| EPS in Rs | 2.71 | 1.46 | 1.23 | 0.54 | -1.61 | 10.49 | 0.18 | 0.40 | 5.42 | 1.70 | -1.07 | 1.18 |
| 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 | -7% | -14% | -13% | 15% | ||
| Compounded Profit Growth | % | 6% | % | -138% | ||
| Stock Price CAGR | % | 6% | -10% | 0% | ||
| Return on Equity | 0% | 1% | 1% | -2% |
| 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 | 4.67 | 4.67 | 4.67 | 4.67 | 4.67 | 4.67 | 4.67 | 4.67 | 4.68 | 4.68 | 4.74 | 4.74 |
| Reserves | 14.35 | 15.82 | 18.16 | 19.15 | 19.32 | 17.66 | 24.07 | 24.78 | 25.22 | 29.86 | 31.54 | 31.92 |
| Borrowings | 2.99 | 2.75 | 2.14 | 2.18 | 2.00 | 1.77 | 2.19 | 2.33 | 1.60 | 1.41 | 0.43 | 1.08 |
| Other Liabilities | 2.00 | 2.85 | 2.58 | 2.63 | 2.79 | 2.14 | 2.32 | 2.13 | 2.02 | 2.36 | 3.02 | 2.56 |
| Total Liabilities | 24.01 | 26.09 | 27.55 | 28.63 | 28.78 | 26.24 | 33.25 | 33.91 | 33.52 | 38.31 | 39.73 | 40.30 |
| Fixed Assets | 12.82 | 12.58 | 12.07 | 11.74 | 12.14 | 12.12 | 3.83 | 3.81 | 3.59 | 3.83 | 3.52 | 3.29 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 |
| Investments | 3.42 | 5.65 | 8.48 | 9.45 | 9.93 | 8.97 | 10.22 | 10.63 | 10.69 | 20.35 | 21.72 | 23.41 |
| Other Assets | 7.77 | 7.86 | 7.00 | 7.44 | 6.61 | 5.15 | 19.20 | 19.47 | 19.24 | 14.13 | 14.44 | 13.60 |
| Total Assets | 24.01 | 26.09 | 27.55 | 28.63 | 28.78 | 26.24 | 33.25 | 33.91 | 33.52 | 38.31 | 39.73 | 40.30 |
| 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 | 1.28 | 2.92 | 0.91 | 0.69 | 1.14 | 0.61 | -0.73 | 0.29 | 1.07 | 1.51 | -0.28 | -1.31 |
| Cash from Investing Activity | 1.76 | -2.19 | -0.41 | -0.57 | -0.77 | -0.14 | 0.71 | -0.42 | -0.34 | -1.15 | 1.29 | 0.76 |
| Cash from Financing Activity | -3.25 | -0.61 | -0.76 | -0.13 | -0.37 | -0.47 | 0.27 | 0.02 | -0.86 | -0.33 | -1.00 | 0.59 |
| Net Cash Flow | -0.21 | 0.12 | -0.26 | -0.01 | 0.01 | 0.01 | 0.25 | -0.11 | -0.13 | 0.03 | 0.00 | 0.05 |
| Free Cash Flow | 0.97 | 2.59 | 0.83 | 0.53 | 0.15 | 0.22 | 12.37 | -0.08 | 0.98 | 2.62 | -0.43 | -1.46 |
| CFO/OP | 121% | 102% | 118% | 67% | 929% | -115% | 106% | -42% | -144% | -454% | 400% | 72% |
| 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 | 41.67 | 66.62 | 66.34 | 55.71 | 29.93 | 32.24 | 25.15 | 17.69 | 35.16 | 35.73 | 40.95 | 23.35 |
| Inventory Days | 69.59 | 70.12 | 68.54 | 96.05 | 122.72 | 63.40 | 70.55 | 83.47 | 94.96 | 68.95 | 61.19 | 75.33 |
| Days Payable | 30.28 | 19.09 | 20.32 | 23.40 | 46.50 | 30.24 | 32.28 | 25.71 | 33.24 | 17.99 | 44.11 | 27.39 |
| Cash Conversion Cycle | 80.97 | 117.65 | 114.56 | 128.36 | 106.15 | 65.40 | 63.42 | 75.45 | 96.89 | 86.69 | 58.02 | 71.29 |
| Working Capital Days | 59.34 | 53.83 | 75.89 | 72.63 | 53.63 | 31.87 | 29.51 | 32.16 | 57.52 | 27.15 | 61.77 | 17.62 |
| ROCE % | 3.74% | 13.44% | 3.78% | 3.81% | 1.23% | -3.23% | -3.13% | -0.73% | 0.88% | 3.68% | 3.19% | -1.32% |
| 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 | 65.62% | 65.62% | 65.62% | 65.62% | 65.62% | 65.62% | 65.62% | 65.62% | 60.74% | 74.93% | 74.93% | 74.93% |
| Public | 34.38% | 34.37% | 34.38% | 34.37% | 34.38% | 34.38% | 34.38% | 34.38% | 39.26% | 25.06% | 25.06% | 25.05% |
| No. of Shareholders | 2,077 | 2,120 | 2,194 | 2,236 | 2,290 | 2,369 | 2,383 | 2,381 | 2,407 | 985 | 1,022 | 1,015 |
Fundamentals
Market Cap₹ 25.6 Cr.
Current Price₹ 57.0
Book Value₹ 81.8
ROCE-1.32 %
ROE-1.67 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)-138%
Standalone figures.
Valuation
Market capRs 24 Cr
Enterprise valueRs 25 Cr
P/E (TTM)49.40x
Price to book0.66x
Price to sales2.29x
EV / EBITDA23.98x
EV / EBIT38.15x
EV / sales2.39x
Earnings yield2.02%
P/E, 3-year average22.68x
P/B, 3-year average0.84x
P/E, 5-year average764.65x
P/B, 5-year average2.72x
Profitability
Operating margin (excl. other income)-22.33%
Operating margin (incl. other income)0.11%
EBITDA margin9.95%
Pre-tax margin5.50%
Net profit margin4.64%
Net margin, latest quarter22.43%
ROE-1.32%
ROCE-0.99%
ROA-1.20%
ROE, 3-year average3.55%
ROCE, 3-year average4.14%
ROA, 3-year average3.19%
ROE, 5-year average2.35%
ROCE, 5-year average2.90%
ROA, 5-year average2.10%
ROIC (approx.)1.91%
Tax rate-9.09%
Other income / net worth5.46%
Growth
Sales growth (latest year)-13.83%
Profit growth (latest year)-151.06%
Sales CAGR, 3 years-12.70%
Sales CAGR, 5 years-13.53%
Sales growth QoQ28.40%
Sales growth YoY (latest quarter)98.15%
Per share
EPS (TTM)Rs 1.09
EPS (latest year)Rs -1.07
EPS (latest quarter)Rs 1.61
EPS, 3-year averageRs 2.02
EPS, 5-year averageRs 1.33
Book value per shareRs 81.78
Sales per shareRs 23.54
Cash flow per shareRs -2.92
Free cash flow per shareRs -3.26
Efficiency
Asset turnover0.22x
Fixed asset turnover2.71x
Inventory turnover6.42x
Inventory days57 days
Debtor days23 days
Debtors turnover15.63x
Creditor days27 days
Cash conversion cycle71 days
Working capital days18 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.03x
Net debt / EBITDA0.92x
Interest coverage8.25x
Owners' fund to total sources90.97%
Debt to assets2.68%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years0.34x
Statement figures
Net sales (TTM)Rs 11 Cr
Net sales (latest year)Rs 9 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 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 7 Cr
Total expenditure (latest year)Rs 11 Cr
Total income (latest year)Rs 11 Cr
Share capitalRs 5 Cr
ReservesRs 32 Cr
Shareholders' fundsRs 37 Cr
Total assetsRs 40 Cr
Net blockRs 3 Cr
InvestmentsRs 23 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)0.45
Ownership
Promoter holding74.93% (+9.31 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 49.4 is at the 63th percentile of its own 5.0-year range
(median 39.6, low 2.7, high 399.0).
P/B 0.66 is at the 32th percentile (median 0.78).
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 | 531651 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.8% | -2.8% | +9.6 pts |
| 1 month | -10.0% | -6.8% | -3.2 pts |
| 3 months | -11.2% | -7.6% | -3.6 pts |
| 3 years | -30.3% | +14.2% | -44.5 pts |
| 5 years | +21.1% | +27.9% | -6.8 pts |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was -2% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 151% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 28% vs sales -14% 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 ₹3 Cr +98.1% vs Jun 2025.
Net profit ₹1 Cr +388.0%.
Activity
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|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
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| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
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 National General Industries Ltd?
National General Industries Ltd (531651) has a market capitalisation of Rs 25.6 Cr. at the 2026-10-01 close.
What were National General Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, National General Industries Ltd sales was Rs 3 Cr (+98.1% vs Jun 2025) and net profit was Rs 1 Cr.