Price
Financials
Standalone, Rs crore| Mar 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.88 | 24.03 | 16.67 | 83.81 | 64.09 | 78.36 | 34.27 | 24.08 | 15.32 | 36.08 |
| Expenses | 36.81 | 24.32 | 18.48 | 85.66 | 63.95 | 84.57 | 35.51 | 25.52 | 16.60 | 39.37 |
| Operating Profit | 1.07 | -0.29 | -1.81 | -1.85 | 0.14 | -6.21 | -1.24 | -1.44 | -1.28 | -3.29 |
| OPM % | 2.82% | -1.21% | -10.86% | -2.21% | 0.22% | -7.92% | -3.62% | -5.98% | -8.36% | -9.12% |
| Other Income | 0.38 | 2.49 | 2.59 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 1.42 |
| Interest | 1.10 | 0.47 | 0.33 | 0.09 | 0.09 | 0.18 | 0.11 | 0.10 | 0.08 | 0.08 |
| Depreciation | 0.36 | 0.55 | 0.30 | 0.29 | 0.07 | 0.07 | 0.03 | 0.02 | 0.01 | 0.01 |
| Profit before tax | -0.01 | 1.18 | 0.15 | -2.23 | -0.02 | -6.41 | -1.38 | -1.56 | -1.37 | -1.96 |
| Tax % | 0.00% | 42.37% | 26.67% | -10.31% | 250.00% | 0.00% | 2.90% | 13.46% | 1.46% | 1.02% |
| Net Profit | -0.01 | 0.69 | 0.11 | -2.00 | -0.08 | -6.42 | -1.42 | -1.77 | -1.39 | -1.98 |
| EPS in Rs | -0.06 | 0.67 | 0.06 | -1.17 | -0.05 | -3.77 | -0.83 | -1.04 | -0.56 | -0.79 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 145.48 | 57.42 | 63.14 | 50.18 | 100.48 | 142.41 | 58.35 | 51.41 |
| Expenses | 148.68 | 56.06 | 61.12 | 49.85 | 103.56 | 148.48 | 61.02 | 55.98 |
| Operating Profit | -3.20 | 1.36 | 2.02 | 0.33 | -3.08 | -6.07 | -2.67 | -4.57 |
| OPM % | -2.20% | 2.37% | 3.20% | 0.66% | -3.07% | -4.26% | -4.58% | -8.89% |
| Other Income | 5.53 | 0.10 | 0.60 | 2.61 | 2.01 | 0.05 | 0.00 | 1.42 |
| Interest | 2.24 | 1.24 | 1.84 | 0.83 | 0.42 | 0.27 | 0.22 | 0.16 |
| Depreciation | 1.82 | 1.42 | 0.68 | 0.84 | 0.60 | 0.15 | 0.05 | 0.02 |
| Profit before tax | -1.73 | -1.20 | 0.10 | 1.27 | -2.09 | -6.44 | -2.94 | -3.33 |
| Tax % | -10.98% | -18.33% | -60.00% | 39.37% | -9.09% | 0.93% | 8.16% | 6.91% |
| Net Profit | -1.55 | -0.98 | 0.17 | 0.77 | -1.89 | -6.50 | -3.19 | -3.55 |
| EPS in Rs | -8.86 | -5.60 | 0.97 | 0.75 | -1.11 | -3.81 | -1.87 | -1.42 |
| Dividend Payout % | 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 | % | -4% | -20% | -12% | ||
| Compounded Profit Growth | % | % | % | -11% | ||
| Stock Price CAGR | % | % | 2% | -28% | ||
| Return on Equity | % | -36% | -55% | -44% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.75 | 1.75 | 1.75 | 10.25 | 17.05 | 17.05 | 17.05 | 24.95 |
| Reserves | -0.69 | -1.67 | -2.31 | -1.54 | -3.43 | -9.93 | -13.12 | -12.72 |
| Borrowings | 24.86 | 42.84 | 15.63 | 1.68 | 2.07 | 2.59 | 2.82 | 3.02 |
| Other Liabilities | 116.34 | 122.86 | 29.92 | 31.43 | 32.11 | 34.13 | 35.99 | 25.01 |
| Total Liabilities | 142.26 | 165.78 | 44.99 | 41.82 | 47.80 | 43.84 | 42.74 | 40.26 |
| Fixed Assets | 4.94 | 3.69 | 2.25 | 2.27 | 0.35 | 0.20 | 0.15 | 0.13 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 137.32 | 162.09 | 42.74 | 39.55 | 47.45 | 43.64 | 42.59 | 40.13 |
| Total Assets | 142.26 | 165.78 | 44.99 | 41.82 | 47.80 | 43.84 | 42.74 | 40.26 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -17.53 | -17.51 | 3.22 | 6.35 | -7.59 | -0.25 | -0.02 | -11.89 |
| Cash from Investing Activity | 4.95 | -0.07 | -0.47 | -0.27 | 0.75 | -0.01 | 0.00 | 0.00 |
| Cash from Financing Activity | 10.40 | 17.50 | -2.60 | -6.23 | 6.78 | 0.24 | 0.03 | 11.89 |
| Net Cash Flow | -2.18 | -0.09 | 0.14 | -0.15 | -0.06 | -0.01 | 0.00 | 0.00 |
| Free Cash Flow | -18.11 | -17.68 | 2.75 | 6.08 | -6.84 | -0.25 | -0.02 | -11.89 |
| CFO/OP | 548% | -1,288% | 159% | 1,924% | 246% | 4% | 0% | 256% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 287.52 | 876.71 | 79.02 | 13.31 | 45.12 | 6.33 | 9.70 | 23.57 |
| Inventory Days | 36.07 | 104.74 | 131.68 | 171.27 | 44.81 | 43.79 | 111.08 | 93.62 |
| Days Payable | 291.66 | 821.78 | 155.02 | 237.80 | 108.80 | 66.37 | 170.70 | 108.48 |
| Cash Conversion Cycle | 31.94 | 159.67 | 55.68 | -53.22 | -18.88 | -16.25 | -49.92 | 8.71 |
| Working Capital Days | 9.89 | 17.48 | 21.68 | -11.42 | -9.30 | -5.38 | -13.57 | 47.28 |
| ROCE % | 0.12% | 6.69% | 9.90% | -8.36% | -48.58% | -33.05% | -28.82% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | May 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 60.12% | 60.12% | 60.12% | 60.12% | 60.12% | 60.12% | 49.10% | 49.10% | 49.10% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 39.89% | 39.88% | 39.87% | 39.76% | 39.64% | 39.89% | 50.90% | 50.90% | 50.90% |
| No. of Shareholders | 402 | 435 | 482 | 453 | 424 | 327 | 341 | 326 | 319 |
Fundamentals
Market Cap₹ 10.7 Cr.
Current Price₹ 4.30
Book Value₹ 4.90
ROCE-28.8 %
ROE-43.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)-11%
Standalone figures.
Valuation
Market capRs 7 Cr
Enterprise valueRs 10 Cr
Price to book1.03x
Price to sales0.05x
EV / sales0.07x
Earnings yield-88.66%
P/B, 3-year average0.85x
P/B, 5-year average0.85x
Profitability
Operating margin (excl. other income)-4.26%
Operating margin (incl. other income)-4.23%
EBITDA margin-4.23%
Pre-tax margin-4.52%
Net profit margin-4.56%
ROE-62.68%
ROCE-48.58%
ROA-14.19%
ROE, 3-year average-20.24%
ROCE, 3-year average-14.96%
ROA, 3-year average-5.54%
ROE, 5-year average-60.70%
ROCE, 5-year average-7.62%
ROA, 5-year average-3.42%
ROIC (approx.)-64.53%
Tax rate-0.93%
Other income / net worth0.70%
Growth
Sales growth (latest year)41.73%
Sales CAGR, 3 years31.14%
Sales CAGR, 5 years-0.43%
Per share
EPS (TTM)Rs -3.81
EPS (latest year)Rs -3.81
EPS, 3-year averageRs -1.39
EPS, 5-year averageRs -1.76
Book value per shareRs 4.18
Sales per shareRs 83.52
Cash flow per shareRs -0.15
Free cash flow per shareRs -6.97
Efficiency
Asset turnover3.25x
Fixed asset turnover712.05x
Inventory turnover8.34x
Inventory days44 days
Debtor days6 days
Debtors turnover57.66x
Creditor days108 days
Cash conversion cycle9 days
Working capital days47 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.36x
Interest coverage-22.85x
Owners' fund to total sources16.24%
Debt to assets5.91%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -12 Cr
FCFE (approx.: FCF + change in debt)Rs -11 Cr
Statement figures
Net sales (TTM)Rs 142 Cr
Net sales (latest year)Rs 142 Cr
Operating profit excl. other income (latest year)Rs -6 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -6 Cr
PBDT (TTM)Rs -6 Cr
Profit before tax (TTM)Rs -6 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -6 Cr
Net profit (latest year)Rs -6 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 148 Cr
Total expenditure (latest year)Rs 148 Cr
Total income (latest year)Rs 142 Cr
Share capitalRs 17 Cr
ReservesRs -10 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 44 Cr
Net blockRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 18 Cr
Other liabilitiesRs 34 Cr
Shares outstanding (crore)1.71
Ownership
Promoter holding49.10% (-11.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.03 is at the 20th percentile (median 2.26).
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 | 543521 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -17.9% | -2.8% | -15.2 pts |
| 1 month | -55.9% | -6.8% | -49.1 pts |
| 3 years | +7.5% | +14.2% | -6.7 pts |
Red flags
F-score 3 of 8| explain | Share dilution Share count up 0% in a year, 844% in three |
| look | Repeated losses Net loss in each of the last two years |
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 ₹36 Cr -54.0% vs Mar 2024.
Net loss ₹2 Cr.
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 Fone4 Communications (India) Ltd?
Fone4 Communications (India) Ltd (543521) has a market capitalisation of Rs 10.7 Cr. at the 2026-09-28 close.
What were Fone4 Communications (India) Ltd's latest quarterly results?
In the Mar 2026 quarter, Fone4 Communications (India) Ltd sales was Rs 36 Cr (-54.0% vs Mar 2024) with a net loss of Rs 2 Cr.