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 | 3.07 | 13.38 | 11.87 | 12.86 | 7.37 | 13.19 | 5.10 | 27.63 | 10.06 | 29.98 | 9.05 | 13.01 |
| Expenses | 2.92 | 13.28 | 11.68 | 12.53 | 7.09 | 12.84 | 4.75 | 27.23 | 9.67 | 29.47 | 8.54 | 12.77 |
| Operating Profit | 0.15 | 0.10 | 0.19 | 0.33 | 0.28 | 0.35 | 0.35 | 0.40 | 0.39 | 0.51 | 0.51 | 0.24 |
| OPM % | 4.89% | 0.75% | 1.60% | 2.57% | 3.80% | 2.65% | 6.86% | 1.45% | 3.88% | 1.70% | 5.64% | 1.84% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.14 | 0.27 | 0.26 | 0.15 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.03 | 0.07 | 0.00 | 0.01 | 0.01 | 0.04 | 0.03 | 0.04 | 0.00 |
| Profit before tax | 0.14 | 0.09 | 0.18 | 0.30 | 0.21 | 0.35 | 0.34 | 0.26 | 0.21 | 0.27 | 0.21 | 0.09 |
| Tax % | 28.57% | 22.22% | 22.22% | 23.33% | 23.81% | 28.57% | 23.53% | 23.08% | 23.81% | 22.22% | 23.81% | 33.33% |
| Net Profit | 0.10 | 0.06 | 0.13 | 0.22 | 0.16 | 0.26 | 0.26 | 0.19 | 0.16 | 0.22 | 0.16 | 0.06 |
| EPS in Rs | 0.29 | 0.18 | 0.24 | 0.40 | 0.29 | 0.47 | 0.47 | 0.35 | 0.29 | 0.40 | 0.29 | 0.11 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 15.15 | 16.45 | 24.73 | 20.56 | 32.70 | 40.04 | 22.04 |
| Expenses | 14.92 | 16.20 | 24.21 | 19.91 | 31.87 | 39.14 | 21.29 |
| Operating Profit | 0.23 | 0.25 | 0.52 | 0.65 | 0.83 | 0.90 | 0.75 |
| OPM % | 1.52% | 1.52% | 2.10% | 3.16% | 2.54% | 2.25% | 3.40% |
| Other Income | -0.02 | 0.00 | 0.00 | 0.00 | -0.07 | 0.06 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.13 | 0.41 | 0.41 |
| Depreciation | 0.03 | 0.03 | 0.04 | 0.07 | 0.02 | 0.02 | 0.04 |
| Profit before tax | 0.18 | 0.22 | 0.48 | 0.57 | 0.61 | 0.53 | 0.30 |
| Tax % | 27.78% | 27.27% | 25.00% | 26.32% | 21.31% | 24.53% | 26.67% |
| Net Profit | 0.13 | 0.16 | 0.36 | 0.41 | 0.47 | 0.40 | 0.22 |
| EPS in Rs | 0.38 | 0.47 | 0.65 | 0.75 | 0.85 | 0.73 | 0.39 |
| Dividend Payout % | 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 | % | 6% | 2% | -45% | ||
| Compounded Profit Growth | % | 7% | -19% | -45% | ||
| Stock Price CAGR | % | 23% | 38% | 96% | ||
| Return on Equity | % | 1% | 1% | 1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.00 | 1.66 | 1.66 | 1.66 | 1.66 | 5.57 |
| Reserves | 0.39 | 0.55 | 3.91 | 32.12 | 32.60 | 32.51 | 37.81 |
| Borrowings | 0.20 | 0.20 | 0.00 | 0.00 | 2.00 | 3.12 | 0.77 |
| Other Liabilities | 2.13 | 8.40 | 8.25 | 4.48 | 18.92 | 11.49 | 25.73 |
| Total Liabilities | 3.72 | 10.15 | 13.82 | 38.26 | 55.18 | 48.78 | 69.88 |
| Fixed Assets | 0.43 | 0.40 | 0.77 | 28.66 | 28.67 | 28.70 | 28.66 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.19 | 2.29 | 2.29 | 2.29 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 3.29 | 9.75 | 13.05 | 8.41 | 24.22 | 17.79 | 38.93 |
| Total Assets | 3.72 | 10.15 | 13.82 | 38.26 | 55.18 | 48.78 | 69.88 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.19 | 0.02 | -2.20 | 0.50 | -1.01 | -1.17 | -5.57 |
| Cash from Investing Activity | 0.09 | 0.00 | -0.41 | -1.35 | -1.35 | -0.01 | 0.00 |
| Cash from Financing Activity | 0.13 | 0.00 | 3.85 | -0.01 | 2.38 | 1.21 | 6.39 |
| Net Cash Flow | 0.03 | 0.02 | 1.24 | -0.86 | 0.01 | 0.03 | 0.81 |
| Free Cash Flow | -0.10 | 0.02 | -2.61 | -0.85 | -2.22 | -1.18 | -5.57 |
| CFO/OP | -65% | 32% | -412% | 100% | -104% | -116% | -743% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74.93 | 210.57 | 81.91 | 78.47 | 227.15 | 136.28 | 475.63 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 74.93 | 210.57 | 81.91 | 78.47 | 227.15 | 136.28 | 475.63 |
| Working Capital Days | 26.98 | 28.84 | 50.92 | 60.89 | 57.15 | 60.26 | 180.51 |
| ROCE % | 13.17% | 13.11% | 2.95% | 2.31% | 2.56% | 1.74% |
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Nov 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 47.60% | 47.60% | 47.60% | 47.59% | 47.59% | 47.59% | 47.59% | 47.60% | 47.60% | 39.75% | 39.75% |
| Public | 52.40% | 52.40% | 52.40% | 52.39% | 52.40% | 52.40% | 52.41% | 52.41% | 52.41% | 60.25% | 60.24% |
| No. of Shareholders | 132 | 117 | 113 | 106 | 104 | 99 | 94 | 98 | 97 | 143 | 160 |
Fundamentals
Market Cap₹ 42.9 Cr.
Current Price₹ 77.0
Stock P/E195
Book Value₹ 77.8
ROCE1.74 %
ROE0.57 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-45%
Compounded Profit Growth (TTM)-45%
Standalone figures.
Valuation
Market capRs 44 Cr
Enterprise valueRs 43 Cr
P/E (TTM)106.74x
Price to book1.30x
Price to sales2.13x
EV / EBITDA66.65x
EV / EBIT74.70x
EV / sales2.11x
Price to cash flow87.53x
Earnings yield0.94%
P/E, 3-year average11.89x
P/B, 3-year average0.48x
Profitability
Operating margin (excl. other income)3.16%
Operating margin (incl. other income)3.16%
EBITDA margin3.16%
Pre-tax margin2.77%
Net profit margin1.99%
ROE2.08%
ROCE2.95%
ROA1.57%
ROE, 3-year average7.69%
ROCE, 3-year average9.75%
ROA, 3-year average2.30%
ROIC (approx.)1.28%
Tax rate26.32%
Growth
Sales growth (latest year)-16.86%
Profit growth (latest year)13.89%
Sales CAGR, 3 years10.71%
Profit CAGR, 3 years46.65%
Per share
EPS (TTM)Rs 0.74
EPS (latest year)Rs 2.46
EPS, 3-year averageRs 2.08
Book value per shareRs 60.59
Sales per shareRs 36.88
Cash flow per shareRs 0.90
Free cash flow per shareRs -9.99
Efficiency
Asset turnover0.54x
Fixed asset turnover0.72x
Inventory turnover6.89x
Inventory days53 days
Debtor days78 days
Debtors turnover4.65x
Cash conversion cycle476 days
Working capital days181 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.68x
Interest coverage58.00x
Owners' fund to total sources88.29%
Cash flow
Cash from Operating Activity (latest year)Rs 0 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 -6 Cr
Cash from ops / profit, 5 years-5.08x
Sales to cash flow41.12x
Statement figures
Net sales (TTM)Rs 21 Cr
Net sales (latest year)Rs 21 Cr
Operating profit excl. other income (latest year)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 19 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 2 Cr
ReservesRs 32 Cr
Shareholders' fundsRs 34 Cr
Total assetsRs 38 Cr
Net blockRs 29 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 4 Cr
InventoryRs 3 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.56
Ownership
Promoter holding39.75% (-7.84 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 106.7 is at the 38th percentile of its own 3.1-year range
(median 121.7, low 46.9, high 157.9).
P/B 1.30 is at the 8th percentile (median 11.72).
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 | 543310 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.9% | -2.8% | +0.9 pts |
| 1 month | +6.1% | -6.8% | +12.9 pts |
| 3 years | +168.7% | +14.2% | +154.6 pts |
| 5 years | +186.3% | +27.9% | +158.4 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -181% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 62% in three |
| look | Inventory outrunning sales Inventory grew 64% 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 ₹13 Cr -52.9% vs Mar 2024.
Net profit ₹0 Cr -68.4%.
Activity
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| L T Foods Ltd | 13,987 | 21.8 | 17.6 % |
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| Amir Chand Jagdish Kumar (Exports) Ltd | 2,091 | 16.9 | 15.7 % |
| GRM Overseas Ltd | 1,632 | 21.3 | 14.0 % |
| AVT Natural Products Ltd | 1,403 | 16.7 | 14.2 % |
| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
| Gulshan Polyols Ltd | 1,027 | 6.96 | 18.6 % |
| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
| True Green Bio Energy Ltd | 622 | 11.6 | 13.8 % |
| Mangalam Global Enterprise Ltd | 533 | 14.4 | 17.0 % |
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 Times Green Energy India Ltd?
Times Green Energy India Ltd (543310) has a market capitalisation of Rs 42.9 Cr. at the 2026-10-01 close.
What is the P/E ratio of Times Green Energy India Ltd?
Times Green Energy India Ltd trades at a P/E of 195 on trailing twelve-month profit, at the 2026-10-01 close.
What were Times Green Energy India Ltd's latest quarterly results?
In the Mar 2026 quarter, Times Green Energy India Ltd sales was Rs 13 Cr (-52.9% vs Mar 2024) and net profit was Rs 0 Cr.