Price
Financials
Consolidated, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.18 | 2.78 | 0.66 | 5.78 | 0.65 | 5.63 | 1.10 | 3.05 | 0.86 | 4.89 | 1.04 | 2.88 |
| Expenses | 3.43 | 1.17 | 0.72 | 5.54 | 1.17 | 5.54 | 0.61 | 2.81 | 0.67 | 3.46 | 0.59 | 2.64 |
| Operating Profit | -1.25 | 1.61 | -0.06 | 0.24 | -0.52 | 0.09 | 0.49 | 0.24 | 0.19 | 1.43 | 0.45 | 0.24 |
| OPM % | -57.34% | 57.91% | -9.09% | 4.15% | -80.00% | 1.60% | 44.55% | 7.87% | 22.09% | 29.24% | 43.27% | 8.33% |
| Other Income | 0.03 | 0.04 | 0.02 | 0.24 | 0.25 | 1.10 | 0.30 | 0.08 | 0.58 | 0.00 | 0.01 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.01 | 0.00 | 0.05 | 0.05 | 0.01 | 0.02 | 0.07 | 0.04 | 0.01 | 0.01 | 0.02 |
| Profit before tax | -1.22 | 1.64 | -0.04 | 0.43 | -0.32 | 1.18 | 0.77 | 0.25 | 0.73 | 1.42 | 0.45 | 0.22 |
| Tax % | 3.28% | 4.88% | 0.00% | 13.95% | 9.38% | 11.02% | 0.00% | 76.00% | 24.66% | 21.13% | 24.44% | 81.82% |
| Net Profit | -1.26 | 1.56 | -0.04 | 0.38 | -0.35 | 1.04 | 0.76 | 0.06 | 0.55 | 1.12 | 0.33 | 0.03 |
| EPS in Rs | -3.54 | 4.58 | -0.15 | 1.35 | -1.39 | 3.54 | 2.16 | 0.19 | 1.58 | 3.43 | 0.96 | -0.19 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.88 | 15.44 | 7.68 | 6.17 | 4.84 | 6.44 | 6.28 | 4.15 | 5.24 | 2.75 |
| Expenses | 16.11 | 14.41 | 7.18 | 5.92 | 4.60 | 6.25 | 6.70 | 3.42 | 4.12 | 3.22 |
| Operating Profit | 0.77 | 1.03 | 0.50 | 0.25 | 0.24 | 0.19 | -0.42 | 0.73 | 1.12 | -0.47 |
| OPM % | 4.56% | 6.67% | 6.51% | 4.05% | 4.96% | 2.95% | -6.69% | 17.59% | 21.37% | -17.09% |
| Other Income | 0.00 | 0.07 | 0.04 | 0.10 | 0.19 | 0.26 | 1.35 | 0.38 | 1.08 | 1.18 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.05 | 0.07 | 0.09 | 0.05 | 0.04 |
| Profit before tax | 0.76 | 1.09 | 0.53 | 0.34 | 0.41 | 0.40 | 0.86 | 1.02 | 2.15 | 0.66 |
| Tax % | 28.95% | 23.85% | 22.64% | 32.35% | 26.83% | 12.50% | 17.44% | 19.61% | 22.79% | 43.94% |
| Net Profit | 0.53 | 0.82 | 0.41 | 0.23 | 0.30 | 0.35 | 0.71 | 0.82 | 1.66 | 0.37 |
| EPS in Rs | 2.61 | 3.12 | 1.62 | 0.85 | 1.04 | 1.23 | 2.23 | 2.35 | 4.97 | 0.77 |
| Dividend Payout % | 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 | % | -11% | -24% | -48% | ||
| Compounded Profit Growth | % | -6% | -30% | -85% | ||
| Stock Price CAGR | 0% | % | -2% | % | ||
| Return on Equity | 2% | 2% | 3% | 1% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.03 | 2.60 | 2.60 | 2.60 | 2.60 | 2.60 | 2.60 | 2.60 | 2.60 | 2.60 |
| Reserves | 13.83 | 20.07 | 20.49 | 20.71 | 20.98 | 21.30 | 21.86 | 22.49 | 23.78 | 23.99 |
| Borrowings | 8.84 | 16.31 | 8.30 | 8.26 | 9.24 | 10.30 | 22.30 | 20.61 | 33.25 | 52.82 |
| Other Liabilities | 3.55 | 8.63 | 7.36 | 8.89 | 7.33 | 8.32 | 12.56 | 16.02 | 7.27 | 14.26 |
| Total Liabilities | 28.25 | 47.61 | 38.75 | 40.46 | 40.15 | 42.52 | 59.32 | 61.72 | 66.90 | 93.67 |
| Fixed Assets | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 | 0.31 | 0.27 | 0.42 | 0.22 | 0.45 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.33 | 12.82 | 3.02 | 3.01 | 3.01 | 3.72 | 0.66 | 0.18 | 0.77 | 41.55 |
| Other Assets | 24.91 | 34.77 | 35.71 | 37.44 | 37.11 | 38.49 | 58.39 | 61.12 | 65.91 | 51.67 |
| Total Assets | 28.25 | 47.61 | 38.75 | 40.46 | 40.15 | 42.52 | 59.32 | 61.72 | 66.90 | 93.67 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.28 | -3.93 | 0.04 | 0.72 | -0.18 | -0.39 | 3.34 | 4.74 | -6.89 | 3.35 |
| Cash from Investing Activity | -2.10 | -8.73 | 9.06 | -0.05 | -0.03 | -0.96 | -0.05 | 0.43 | -0.02 | -41.03 |
| Cash from Financing Activity | 2.28 | 12.36 | -8.29 | -0.68 | 1.20 | -0.48 | -2.31 | -5.37 | 6.58 | 38.01 |
| Net Cash Flow | 0.46 | -0.30 | 0.81 | 0.00 | 0.99 | -1.83 | 0.98 | -0.20 | -0.33 | 0.33 |
| Free Cash Flow | 0.28 | -3.94 | 0.04 | 0.71 | -0.21 | -0.72 | 3.31 | 4.50 | -6.80 | 3.08 |
| CFO/OP | 74% | -352% | 38% | 248% | -42% | -153% | -814% | 662% | -582% | -713% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68.33 | 114.42 | 238.11 | 375.65 | 426.08 | 492.52 | 441.72 | 387.87 | 321.81 | 573.38 |
| Inventory Days | 27,833.86 | 3,516.22 | 4,408.08 | 10,430.58 | ||||||
| Days Payable | 4,818.00 | 580.22 | 119.97 | 665.42 | ||||||
| Cash Conversion Cycle | 68.33 | 114.42 | 238.11 | 375.65 | 23,441.94 | 3,428.52 | 4,729.83 | 387.87 | 10,086.97 | 573.38 |
| Working Capital Days | 257.32 | 392.19 | 904.90 | 1,549.33 | 1,997.70 | 1,565.99 | 2,520.13 | 2,366.78 | 1,894.66 | -1,925.87 |
| ROCE % | 3.38% | 1.49% | 1.08% | 1.27% | 1.19% | 2.04% | 2.06% | 3.87% | 0.93% |
| 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 | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% | 56.98% |
| Public | 43.02% | 43.02% | 43.02% | 43.02% | 43.02% | 43.02% | 43.02% | 43.03% | 43.03% | 43.02% | 43.02% | 43.02% |
| No. of Shareholders | 48 | 48 | 46 | 49 | 48 | 51 | 49 | 49 | 49 | 51 | 49 | 49 |
Fundamentals
Market Cap₹ 32.5 Cr.
Current Price₹ 125
Stock P/E162
Book Value₹ 102
ROCE0.93 %
ROE0.76 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-48%
Compounded Profit Growth (TTM)-85%
Consolidated figures.
Valuation
Market capRs 32 Cr
Enterprise valueRs 84 Cr
P/E (TTM)162.29x
Price to book1.22x
Price to sales11.80x
EV / EBITDA118.62x
EV / EBIT125.70x
EV / sales30.62x
Price to cash flow9.69x
Earnings yield0.62%
P/E, 3-year average84.78x
P/B, 3-year average1.24x
P/E, 5-year average83.28x
P/B, 5-year average1.30x
Profitability
Operating margin (excl. other income)-17.09%
Operating margin (incl. other income)25.82%
EBITDA margin25.82%
Pre-tax margin24.00%
Net profit margin7.27%
ROE0.76%
ROCE0.96%
ROA0.25%
ROE, 3-year average2.74%
ROCE, 3-year average2.42%
ROA, 3-year average1.09%
ROE, 5-year average2.40%
ROCE, 5-year average2.11%
ROA, 5-year average1.04%
ROIC (approx.)0.48%
Tax rate43.94%
Other income / net worth4.44%
Growth
Sales growth (latest year)-47.52%
Profit growth (latest year)-84.50%
Sales CAGR, 3 years-24.06%
Sales CAGR, 5 years-10.69%
Profit CAGR, 3 years-29.88%
Profit CAGR, 5 years-5.83%
Per share
EPS (TTM)Rs 0.77
EPS (latest year)Rs 0.77
EPS, 3-year averageRs 2.70
EPS, 5-year averageRs 2.31
Book value per shareRs 102.40
Sales per shareRs 10.59
Cash flow per shareRs 12.90
Free cash flow per shareRs 11.86
Efficiency
Asset turnover0.03x
Fixed asset turnover6.11x
Inventory turnover0.06x
Inventory days6070 days
Debtor days573 days
Debtors turnover0.64x
Creditor days665 days
Cash conversion cycle573 days
Working capital days-1926 days
Leverage
Total debtRs 53 Cr
Cash and bankRs 1 Cr
Net debtRs 52 Cr
Debt to equity1.99x
Net debt / EBITDA72.90x
Interest coverage67.00x
Owners' fund to total sources28.39%
Debt to assets56.39%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -41 Cr
Cash from Financing Activity (latest year)Rs 38 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 3 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years1.06x
Sales to cash flow0.82x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Other income (TTM)Rs 1 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
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 3 Cr
ReservesRs 24 Cr
Shareholders' fundsRs 27 Cr
Total assetsRs 94 Cr
Net blockRs 0 Cr
InvestmentsRs 42 Cr
ReceivablesRs 4 Cr
InventoryRs 37 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)0.26
Ownership
Promoter holding56.98% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 538576 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.2 pts |
| 3 years | +1.6% | +14.2% | -12.5 pts |
| 5 years | -2.9% | +27.9% | -30.8 pts |
Red flags
F-score 4 of 8| explain | Receivables outrunning sales Receivables grew -6% vs sales -48% in 2026 |
| explain | Debt up, profit down Borrowings up 59% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 1% vs sales -48% in 2026 |
| look | Profit leans on other income Other income was 179% 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 ₹3 Cr -5.6% vs Mar 2024.
Net profit ₹0 Cr -50.0%.
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 Bhanderi Infracon Ltd?
Bhanderi Infracon Ltd (538576) has a market capitalisation of Rs 32.5 Cr. at the 2026-09-24 close.
What is the P/E ratio of Bhanderi Infracon Ltd?
Bhanderi Infracon Ltd trades at a P/E of 162 on trailing twelve-month profit, at the 2026-09-24 close.
What were Bhanderi Infracon Ltd's latest quarterly results?
In the Mar 2026 quarter, Bhanderi Infracon Ltd sales was Rs 3 Cr (-5.6% vs Mar 2024) and net profit was Rs 0 Cr.