Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 48.16 | 43.65 | 45.70 | 42.24 | 36.68 | 35.60 | 33.92 | 27.67 |
| Expenses | 39.07 | 40.33 | 43.22 | 39.51 | 34.54 | 33.76 | 36.21 | 28.06 |
| Operating Profit | 9.09 | 3.32 | 2.48 | 2.73 | 2.14 | 1.84 | -2.29 | -0.39 |
| OPM % | 18.87% | 7.61% | 5.43% | 6.46% | 5.83% | 5.17% | -6.75% | -1.41% |
| Other Income | 0.09 | 0.29 | 0.48 | 0.50 | 0.26 | 0.24 | 0.35 | 0.38 |
| Interest | 0.54 | 0.52 | 0.49 | 0.44 | 0.37 | 0.77 | 0.81 | 0.68 |
| Depreciation | 0.87 | 1.24 | 1.03 | 1.13 | 1.10 | 1.49 | 1.57 | 1.57 |
| Profit before tax | 7.77 | 1.85 | 1.44 | 1.66 | 0.93 | -0.18 | -4.32 | -2.26 |
| Tax % | 25.87% | 5.41% | 27.08% | 50.00% | 26.88% | -22.22% | -25.93% | -24.34% |
| Net Profit | 5.76 | 1.75 | 1.06 | 0.83 | 0.68 | -0.14 | -3.19 | -1.71 |
| EPS in Rs | 19.20 | 1.43 | 0.87 | 0.68 | 0.56 | -0.11 | -2.61 | -1.40 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.87 | 39.05 | 31.65 | 24.12 | 48.88 | 91.81 | 87.94 | 72.25 | 61.56 |
| Expenses | 2.58 | 40.93 | 29.04 | 17.95 | 35.43 | 79.40 | 82.73 | 68.27 | 64.16 |
| Operating Profit | -0.71 | -1.88 | 2.61 | 6.17 | 13.45 | 12.41 | 5.21 | 3.98 | -2.60 |
| OPM % | -37.97% | -4.81% | 8.25% | 25.58% | 27.52% | 13.52% | 5.92% | 5.51% | -4.22% |
| Other Income | 1.17 | 0.27 | 0.16 | 0.46 | 0.20 | 0.38 | 0.98 | 0.50 | 0.73 |
| Interest | 0.09 | 1.58 | 1.75 | 1.75 | 1.20 | 1.06 | 0.93 | 1.14 | 1.57 |
| Depreciation | 1.64 | 1.35 | 1.38 | 1.45 | 1.51 | 2.10 | 2.15 | 2.59 | 3.13 |
| Profit before tax | -1.27 | -4.54 | -0.36 | 3.43 | 10.94 | 9.63 | 3.11 | 0.75 | -6.57 |
| Tax % | 0.00% | 0.00% | -5.56% | 21.87% | 31.44% | 22.01% | 39.23% | 29.33% | -25.42% |
| Net Profit | -1.27 | -4.54 | -0.33 | 2.67 | 7.49 | 7.51 | 1.89 | 0.53 | -4.90 |
| EPS in Rs | -4.23 | -15.13 | -1.10 | 8.90 | 24.97 | 6.14 | 1.54 | 0.43 | -4.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 8.15% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 21% | -12% | -15% | ||
| Compounded Profit Growth | % | % | % | -1025% | ||
| Stock Price CAGR | % | % | -39% | -44% | ||
| Return on Equity | % | 9% | -2% | -14% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 12.24 | 12.24 | 12.24 | 12.24 |
| Reserves | 3.66 | -0.88 | 2.00 | 4.68 | 12.17 | 23.40 | 24.68 | 25.21 | 20.31 |
| Borrowings | 15.25 | 14.99 | 17.34 | 13.97 | 14.00 | 12.73 | 12.97 | 18.30 | 14.88 |
| Other Liabilities | 2.07 | 5.78 | 7.56 | 6.52 | 6.75 | 9.34 | 10.44 | 11.87 | 9.85 |
| Total Liabilities | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 60.33 | 67.62 | 57.28 |
| Fixed Assets | 17.53 | 17.07 | 16.25 | 15.84 | 15.95 | 24.16 | 22.97 | 41.40 | 38.21 |
| CWIP | 0.00 | 0.14 | 0.20 | 0.24 | 5.21 | 1.56 | 11.91 | 0.00 | 0.00 |
| Investments | 0.00 | 0.02 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.01 | 0.01 |
| Other Assets | 6.45 | 5.66 | 13.30 | 11.94 | 14.61 | 31.84 | 25.30 | 26.21 | 19.06 |
| Total Assets | 23.98 | 22.89 | 29.90 | 28.17 | 35.92 | 57.71 | 60.33 | 67.62 | 57.28 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.43 | 6.81 | 6.59 | 8.68 | 7.82 | -1.30 | 4.48 | ||
| Cash from Investing Activity | -1.50 | -1.04 | -5.95 | -12.32 | -12.62 | -3.87 | 0.45 | ||
| Cash from Financing Activity | 0.06 | -5.11 | -1.17 | 10.63 | -1.29 | 4.19 | -4.91 | ||
| Net Cash Flow | -0.01 | 0.66 | -0.53 | 6.98 | -6.09 | -0.98 | 0.02 | ||
| Free Cash Flow | 0.81 | 5.73 | 0.07 | 2.03 | -3.49 | -10.41 | 4.50 | ||
| CFO/OP | 55% | 110% | 49% | 82% | 156% | -23% | -173% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66.36 | 8.79 | 7.84 | 12.71 | 4.18 | 13.87 | 6.68 | 8.39 | 7.17 |
| Inventory Days | 1,223.82 | 35.47 | 198.07 | 207.27 | 285.34 | 102.86 | 101.48 | 252.57 | 142.19 |
| Days Payable | 652.71 | 45.75 | 131.38 | 132.68 | 107.60 | 54.58 | 62.30 | 118.93 | 96.75 |
| Cash Conversion Cycle | 637.48 | -1.50 | 74.53 | 87.31 | 181.93 | 62.16 | 45.86 | 142.03 | 52.62 |
| Working Capital Days | 152.25 | -44.12 | -52.93 | -44.64 | 25.46 | 6.96 | -2.28 | -3.18 | -14.88 |
| ROCE % | -15.17% | 7.05% | 23.51% | 47.46% | 27.57% | 8.22% | 3.58% | -9.69% |
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% | 73.53% |
| FIIs | 0.00% | 0.00% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| Public | 26.47% | 26.48% | 25.58% | 25.60% | 25.58% | 25.58% | 25.60% |
| No. of Shareholders | 438 | 510 | 531 | 543 | 492 | 475 | 444 |
Fundamentals
Market Cap₹ 15.3 Cr.
Current Price₹ 12.5
Book Value₹ 26.6
ROCE-9.69 %
ROE-14.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-15%
Compounded Profit Growth (TTM)-1025%
Standalone figures.
Valuation
Market capRs 15 Cr
Enterprise valueRs 33 Cr
P/E (TTM)27.55x
Price to book0.39x
Price to sales0.20x
EV / EBITDA7.33x
EV / EBIT17.38x
EV / sales0.45x
Earnings yield3.63%
P/E, 3-year average33.30x
P/B, 3-year average1.30x
P/E, 5-year average33.30x
P/B, 5-year average1.30x
Profitability
Operating margin (excl. other income)5.51%
Operating margin (incl. other income)6.20%
EBITDA margin6.20%
Pre-tax margin1.04%
Net profit margin0.73%
ROE1.43%
ROCE3.58%
ROA0.83%
ROE, 3-year average12.07%
ROCE, 3-year average13.12%
ROA, 3-year average6.69%
ROE, 5-year average28.77%
ROCE, 5-year average22.14%
ROA, 5-year average10.53%
ROIC (approx.)2.40%
Tax rate29.33%
Other income / net worth1.34%
Growth
Sales growth (latest year)-17.84%
Profit growth (latest year)-71.96%
Sales CAGR, 3 years13.91%
Sales CAGR, 5 years17.95%
Profit CAGR, 3 years-58.64%
Per share
EPS (TTM)Rs 0.43
EPS (latest year)Rs 0.43
EPS, 3-year averageRs 2.70
EPS, 5-year averageRs 8.40
Book value per shareRs 30.60
Sales per shareRs 59.03
Cash flow per shareRs -1.06
Free cash flow per shareRs 3.68
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout, 3-year average8.12%
Dividend payout, 5-year average8.12%
Efficiency
Asset turnover1.07x
Fixed asset turnover1.75x
Inventory turnover3.81x
Inventory days96 days
Debtor days8 days
Debtors turnover43.52x
Creditor days97 days
Cash conversion cycle53 days
Working capital days-15 days
Leverage
Total debtRs 18 Cr
Cash and bankRs 0 Cr
Net debtRs 18 Cr
Debt to equity0.49x
Net debt / EBITDA4.07x
Interest coverage1.66x
Owners' fund to total sources55.38%
Debt to assets27.06%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years2.10x
Statement figures
Net sales (TTM)Rs 72 Cr
Net sales (latest year)Rs 72 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 62 Cr
Total expenditure (latest year)Rs 68 Cr
Total income (latest year)Rs 73 Cr
Share capitalRs 12 Cr
ReservesRs 25 Cr
Shareholders' fundsRs 37 Cr
Total assetsRs 68 Cr
Net blockRs 41 Cr
InvestmentsRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 16 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)1.22
Ownership
Promoter holding73.53% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.6 is at the 89th percentile of its own 3.8-year range
(median 9.9, low 4.6, high 38.6).
P/B 0.39 is the lowest in 3.8 years (median 1.37).
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 | 543765 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -16.0% | -2.8% | -13.2 pts |
| 1 month | -29.0% | -6.8% | -22.2 pts |
| 3 years | -78.7% | +14.2% | -92.9 pts |
Red flags
F-score 2 of 8| explain | Debt up, profit down Borrowings up 41% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 64% vs sales -18% in 2026 |
| look | Profit leans on other income Other income was 67% 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 ₹28 Cr -34.5% vs Mar 2024.
Net loss ₹2 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| 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 Earthstahl & Alloys Ltd?
Earthstahl & Alloys Ltd (543765) has a market capitalisation of Rs 15.3 Cr. at the 2026-10-01 close.
What were Earthstahl & Alloys Ltd's latest quarterly results?
In the Mar 2026 quarter, Earthstahl & Alloys Ltd sales was Rs 28 Cr (-34.5% vs Mar 2024) with a net loss of Rs 2 Cr.