Price
Financials
Standalone, 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 | 9.77 | 13.51 | 14.93 | 22.51 | 21.98 | 18.68 | 17.31 | 12.93 | 14.36 | 12.64 | 12.74 | 9.73 |
| Expenses | 9.37 | 13.08 | 14.57 | 21.98 | 21.54 | 18.16 | 16.87 | 12.51 | 13.94 | 12.26 | 12.37 | 9.59 |
| Operating Profit | 0.40 | 0.43 | 0.36 | 0.53 | 0.44 | 0.52 | 0.44 | 0.42 | 0.42 | 0.38 | 0.37 | 0.14 |
| OPM % | 4.09% | 3.18% | 2.41% | 2.35% | 2.00% | 2.78% | 2.54% | 3.25% | 2.92% | 3.01% | 2.90% | 1.44% |
| Other Income | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.05 | -1.35 | 0.00 | 0.00 |
| Interest | 0.34 | 0.19 | 0.20 | 0.25 | 0.21 | 0.25 | 0.26 | 0.33 | 0.17 | 0.10 | 0.01 | 0.01 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.04 | 0.05 | 0.05 | 0.08 | 0.08 |
| Profit before tax | 0.05 | 0.24 | 0.15 | 0.26 | 0.22 | 0.25 | 0.16 | 0.22 | 0.25 | -1.12 | 0.28 | 0.05 |
| Tax % | 20.00% | 25.00% | 20.00% | 15.38% | 22.73% | 0.00% | 25.00% | 9.09% | 12.00% | 7.14% | 10.71% | 40.00% |
| Net Profit | 0.03 | 0.18 | 0.12 | 0.22 | 0.16 | 0.24 | 0.13 | 0.20 | 0.22 | -1.20 | 0.24 | 0.04 |
| EPS in Rs | 0.07 | 0.39 | 0.26 | 0.48 | 0.35 | 0.52 | 0.28 | 0.43 | 0.48 | -2.61 | 0.52 | 0.09 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.69 | 24.68 | 27.28 | 35.24 | 32.25 | 34.56 | 23.28 | 37.44 | 40.66 | 30.24 | 27.01 | 22.47 |
| Expenses | 26.42 | 23.48 | 26.15 | 34.21 | 31.27 | 33.60 | 22.45 | 36.54 | 39.71 | 29.37 | 26.21 | 21.96 |
| Operating Profit | 1.27 | 1.20 | 1.13 | 1.03 | 0.98 | 0.96 | 0.83 | 0.90 | 0.95 | 0.87 | 0.80 | 0.51 |
| OPM % | 4.59% | 4.86% | 4.14% | 2.92% | 3.04% | 2.78% | 3.57% | 2.40% | 2.34% | 2.88% | 2.96% | 2.27% |
| Other Income | 0.24 | 0.00 | 0.00 | 0.07 | 0.10 | 0.07 | 0.01 | 0.00 | 0.00 | 0.17 | -1.30 | 0.00 |
| Interest | 1.22 | 0.92 | 0.79 | 0.80 | 0.83 | 0.83 | 0.53 | 0.45 | 0.46 | 0.59 | 0.27 | 0.02 |
| Depreciation | 0.29 | 0.16 | 0.10 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 | 0.06 | 0.10 | 0.16 |
| Profit before tax | 0.00 | 0.12 | 0.24 | 0.24 | 0.19 | 0.17 | 0.28 | 0.42 | 0.45 | 0.39 | -0.87 | 0.33 |
| Tax % | 50.00% | 41.67% | 37.50% | 52.63% | -11.76% | 25.00% | 19.05% | 8.89% | 15.38% | 12.64% | 15.15% | |
| Net Profit | 0.01 | 0.05 | 0.14 | 0.14 | 0.09 | 0.19 | 0.21 | 0.34 | 0.42 | 0.32 | -0.99 | 0.28 |
| EPS in Rs | 0.05 | 0.25 | 0.30 | 0.30 | 0.20 | 0.41 | 0.46 | 0.74 | 0.91 | 0.70 | -2.15 | 0.61 |
| Dividend Payout % | 0.00% | 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 | -1% | -1% | -18% | -17% | ||
| Compounded Profit Growth | 19% | 7% | -13% | -22% | ||
| Stock Price CAGR | % | 27% | 18% | % | ||
| Return on Equity | 3% | 4% | 3% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.97 | 1.97 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 | 4.60 |
| Reserves | 4.26 | 4.36 | 3.45 | 3.59 | 3.90 | 4.06 | 4.28 | 4.63 | 5.05 | 5.34 | 4.35 | 4.63 |
| Borrowings | 9.58 | 8.89 | 7.98 | 8.79 | 8.29 | 7.68 | 1.36 | 6.08 | 4.95 | 4.08 | 0.00 | 0.00 |
| Other Liabilities | 3.86 | 2.46 | 5.19 | 6.02 | 4.13 | 4.57 | 3.11 | 6.04 | 5.32 | 2.83 | 1.85 | 2.65 |
| Total Liabilities | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 | 16.85 | 10.80 | 11.88 |
| Fixed Assets | 1.63 | 1.50 | 1.40 | 1.36 | 1.45 | 1.42 | 1.63 | 1.60 | 1.73 | 3.93 | 0.65 | 0.62 |
| 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 | 0.06 | 0.08 | 0.10 | 0.12 | 0.15 | 0.01 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.80 |
| Other Assets | 17.98 | 16.10 | 19.72 | 21.52 | 19.32 | 19.48 | 11.69 | 19.72 | 18.16 | 12.92 | 10.15 | 10.46 |
| Total Assets | 19.67 | 17.68 | 21.22 | 23.00 | 20.92 | 20.91 | 13.35 | 21.35 | 19.92 | 16.85 | 10.80 | 11.88 |
| 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 | 3.50 | 1.10 | -0.28 | 0.07 | 1.08 | 1.35 | 7.63 | -5.61 | 2.17 | 3.75 | 3.09 | 1.70 |
| Cash from Investing Activity | -0.10 | -0.05 | -0.02 | -0.03 | -0.18 | 0.14 | -0.24 | 0.56 | -0.20 | -2.20 | 1.82 | -0.92 |
| Cash from Financing Activity | -3.21 | -1.23 | 0.32 | 0.13 | -1.09 | -1.34 | -6.80 | 4.31 | -2.01 | -1.57 | -4.36 | -0.02 |
| Net Cash Flow | 0.19 | -0.18 | 0.02 | 0.17 | -0.19 | 0.15 | 0.59 | -0.73 | -0.04 | -0.02 | 0.56 | 0.75 |
| Free Cash Flow | 3.42 | 1.07 | -0.28 | 0.07 | 0.92 | 1.35 | 7.41 | -5.61 | 2.01 | 1.49 | 4.91 | 1.58 |
| CFO/OP | 281% | 97% | -16% | 16% | 116% | 144% | 928% | -614% | 228% | 438% | 400% | 345% |
| 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 | 118.50 | 71.43 | 142.90 | 160.75 | 160.03 | 124.52 | 103.48 | 128.49 | 110.15 | 59.02 | 69.86 | 58.80 |
| Inventory Days | 124.07 | 174.42 | 146.27 | 68.59 | 72.45 | 87.89 | 83.63 | 67.55 | 52.97 | 98.08 | 52.40 | 148.94 |
| Days Payable | 58.98 | 41.21 | 87.61 | 78.31 | 61.84 | 62.29 | 65.20 | 60.28 | 56.29 | 38.46 | 30.76 | 82.61 |
| Cash Conversion Cycle | 183.59 | 204.65 | 201.56 | 151.03 | 170.64 | 150.12 | 121.91 | 135.77 | 106.83 | 118.64 | 91.50 | 125.13 |
| Working Capital Days | 71.05 | 72.91 | 77.60 | 64.01 | 75.38 | 63.79 | 96.42 | 74.77 | 68.49 | 56.37 | 92.84 | 101.04 |
| ROCE % | 7.37% | 6.70% | 6.59% | 6.24% | 6.04% | 5.61% | 6.02% | 6.81% | 6.08% | 6.64% | 6.53% | 3.85% |
| Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% | 72.87% |
| Public | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% | 27.13% |
| No. of Shareholders | 81 | 80 | 82 | 82 | 80 | 78 | 76 | 75 | 75 | 74 | 75 | 75 |
Fundamentals
Market Cap₹ 12.8 Cr.
Current Price₹ 27.8
Stock P/E45.7
Book Value₹ 20.1
ROCE3.85 %
ROE3.08 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-17%
Compounded Profit Growth (TTM)-22%
Standalone figures.
Valuation
Market capRs 13 Cr
Enterprise valueRs 11 Cr
P/E (TTM)45.68x
Price to book1.39x
Price to sales0.57x
EV / EBITDA22.45x
EV / EBIT32.71x
EV / sales0.51x
Price to cash flow7.52x
Earnings yield2.19%
P/E, 3-year average35.59x
P/B, 3-year average1.20x
P/E, 5-year average30.60x
P/B, 5-year average1.13x
Profitability
Operating margin (excl. other income)2.27%
Operating margin (incl. other income)2.27%
EBITDA margin2.27%
Pre-tax margin1.47%
Net profit margin1.25%
ROE3.08%
ROCE3.85%
ROA2.47%
ROE, 3-year average-1.38%
ROCE, 3-year average1.82%
ROA, 3-year average-0.98%
ROE, 5-year average0.81%
ROCE, 5-year average3.67%
ROA, 5-year average0.21%
ROIC (approx.)3.76%
Tax rate15.15%
Growth
Sales growth (latest year)-16.81%
Sales CAGR, 3 years-17.94%
Sales CAGR, 5 years-0.71%
Profit CAGR, 3 years-12.64%
Profit CAGR, 5 years5.92%
Per share
EPS (TTM)Rs 0.61
EPS (latest year)Rs 0.61
EPS, 3-year averageRs -0.28
EPS, 5-year averageRs 0.16
Book value per shareRs 20.06
Sales per shareRs 48.84
Cash flow per shareRs 3.70
Free cash flow per shareRs 3.43
Efficiency
Asset turnover1.89x
Fixed asset turnover36.24x
Inventory turnover2.45x
Inventory days149 days
Debtor days59 days
Debtors turnover6.21x
Creditor days83 days
Cash conversion cycle125 days
Working capital days101 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-2.63x
Interest coverage17.50x
Owners' fund to total sources77.69%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 2 Cr
Cash from ops / profit, 5 years13.78x
Sales to cash flow13.22x
Statement figures
Net sales (TTM)Rs 22 Cr
Net sales (latest year)Rs 22 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 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 9 Cr
Total expenditure (latest year)Rs 22 Cr
Total income (latest year)Rs 22 Cr
Share capitalRs 5 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 12 Cr
Net blockRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 4 Cr
InventoryRs 4 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)0.46
Ownership
Promoter holding72.87% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 45.7 is at the 76th percentile of its own 4.6-year range
(median 30.9, low 7.8, high 75.4).
P/B 1.39 is at the 97th percentile (median 0.98).
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 | 540148 | Nifty 50 | Difference |
|---|---|---|---|
| 3 years | +32.4% | +14.2% | +18.2 pts |
| 5 years | +227.1% | +27.9% | +199.2 pts |
Red flags
F-score 6 of 8| look | Inventory outrunning sales Inventory grew 87% vs sales -17% 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 ₹10 Cr -24.7% vs Mar 2024.
Net profit ₹0 Cr -80.0%.
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 Bindal Exports Ltd?
Bindal Exports Ltd (540148) has a market capitalisation of Rs 12.8 Cr. at the 2026-09-04 close.
What is the P/E ratio of Bindal Exports Ltd?
Bindal Exports Ltd trades at a P/E of 45.7 on trailing twelve-month profit, at the 2026-09-04 close.
What were Bindal Exports Ltd's latest quarterly results?
In the Mar 2026 quarter, Bindal Exports Ltd sales was Rs 10 Cr (-24.7% vs Mar 2024) and net profit was Rs 0 Cr.