Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.05 | 14.48 | 13.71 | 9.97 | 14.32 | 11.51 | 11.95 | 8.79 | 13.58 | 8.02 | 15.96 | 13.19 |
| Expenses | 12.33 | 12.13 | 13.91 | 8.44 | 12.01 | 9.87 | 11.03 | 7.93 | 11.33 | 7.47 | 15.36 | 13.87 |
| Operating Profit | 2.72 | 2.35 | -0.20 | 1.53 | 2.31 | 1.64 | 0.92 | 0.86 | 2.25 | 0.55 | 0.60 | -0.68 |
| OPM % | 18.07% | 16.23% | -1.46% | 15.35% | 16.13% | 14.25% | 7.70% | 9.78% | 16.57% | 6.86% | 3.76% | -5.16% |
| Other Income | 0.24 | 0.22 | 1.01 | -0.51 | 0.29 | 0.26 | 0.38 | 0.28 | 0.31 | 0.30 | 0.43 | 0.38 |
| Interest | 0.27 | 0.26 | 0.22 | 0.18 | 0.04 | 0.04 | 0.01 | 0.08 | 0.02 | 0.03 | 0.01 | 0.06 |
| Depreciation | 0.27 | 0.27 | 0.27 | 0.25 | 0.15 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 |
| Profit before tax | 2.42 | 2.04 | 0.32 | 0.59 | 2.41 | 1.69 | 1.12 | 0.89 | 2.37 | 0.66 | 0.86 | -0.52 |
| Tax % | 25.21% | 25.00% | -15.62% | 25.42% | 25.31% | 24.85% | 23.21% | 24.72% | 25.32% | 25.76% | 43.02% | 0.00% |
| Net Profit | 1.82 | 1.53 | 0.37 | 0.44 | 1.81 | 1.26 | 0.87 | 0.66 | 1.78 | 0.50 | 0.49 | -0.52 |
| EPS in Rs | 1.53 | 1.28 | 0.31 | 0.37 | 1.52 | 1.06 | 0.73 | 0.55 | 1.49 | 0.42 | 0.41 | -0.44 |
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 36.01 | 79.36 | 61.09 | 55.06 | 47.75 | 46.35 | 50.75 |
| Expenses | 33.18 | 75.05 | 54.42 | 49.26 | 41.35 | 42.09 | 48.03 |
| Operating Profit | 2.83 | 4.31 | 6.67 | 5.80 | 6.40 | 4.26 | 2.72 |
| OPM % | 7.86% | 5.43% | 10.92% | 10.53% | 13.40% | 9.19% | 5.36% |
| Other Income | 0.71 | 0.93 | 0.90 | 1.67 | 0.42 | 1.32 | 1.42 |
| Interest | 0.03 | 1.99 | 1.76 | 1.03 | 0.27 | 0.14 | 0.12 |
| Depreciation | 0.12 | 1.25 | 1.02 | 1.07 | 0.73 | 0.65 | 0.65 |
| Profit before tax | 3.39 | 2.00 | 4.79 | 5.37 | 5.82 | 4.79 | 3.37 |
| Tax % | 33.04% | 19.00% | 24.84% | 22.72% | 24.74% | 28.39% | |
| Net Profit | 2.27 | 1.61 | 3.59 | 4.15 | 4.38 | 3.42 | 2.25 |
| EPS in Rs | 1.35 | 3.01 | 3.48 | 3.68 | 2.87 | 1.88 | |
| Dividend Payout % | 30.62% | 38.23% | 34.29% | 29.66% | 28.11% | 39.59% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | -9% | 9% | ||
| Compounded Profit Growth | % | % | -4% | -51% | ||
| Stock Price CAGR | % | % | % | -48% | ||
| Return on Equity | % | 7% | 8% | 6% |
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.78 | 12.31 | 12.31 | 12.31 | 12.31 | 12.31 |
| Reserves | 29.61 | 31.03 | 33.43 | 36.39 | 39.58 | 41.69 |
| Borrowings | 1.55 | 20.52 | 11.57 | 3.91 | 0.00 | 0.00 |
| Other Liabilities | 12.89 | 15.28 | 11.10 | 8.61 | 9.68 | 13.37 |
| Total Liabilities | 46.83 | 79.14 | 68.41 | 61.22 | 61.57 | 67.37 |
| Fixed Assets | 2.16 | 14.40 | 13.30 | 12.43 | 11.24 | 11.34 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.20 | 0.00 | 0.00 | 0.00 | 0.00 | 3.50 |
| Other Assets | 39.47 | 64.74 | 55.11 | 48.79 | 50.33 | 52.53 |
| Total Assets | 46.83 | 79.14 | 68.41 | 61.22 | 61.57 | 67.37 |
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 11.25 | 4.14 | 8.22 | 6.40 | 4.59 | |
| Cash from Investing Activity | -0.90 | 1.62 | 0.04 | -0.36 | -4.06 | |
| Cash from Financing Activity | -5.82 | -11.29 | -9.21 | -4.61 | -0.73 | |
| Net Cash Flow | 4.54 | -5.54 | -0.95 | 1.43 | -0.20 | |
| Free Cash Flow | 11.33 | 3.85 | 8.56 | 6.15 | 3.92 | |
| CFO/OP | 271% | 81% | 164% | 126% | 141% |
| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 106.63 | 122.53 | 122.90 | 125.42 | 142.64 | 140.80 |
| Inventory Days | 155.66 | 60.10 | 125.30 | 124.31 | 142.88 | 169.58 |
| Days Payable | 72.39 | 67.76 | 46.36 | 39.32 | 40.50 | 89.01 |
| Cash Conversion Cycle | 189.90 | 114.87 | 201.84 | 210.41 | 245.03 | 221.38 |
| Working Capital Days | 181.74 | 76.07 | 158.87 | 204.91 | 254.16 | 248.77 |
| ROCE % | 10.78% | 10.30% | 12.92% | 8.95% |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% | 67.88% |
| DIIs | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
| Public | 31.29% | 31.29% | 31.29% | 31.29% | 31.29% | 31.28% | 31.27% | 31.28% | 31.28% |
| No. of Shareholders | 568 | 1,741 | 1,955 | 1,972 | 1,973 | 3,057 | 3,117 | 3,093 | 2,943 |
Fundamentals
Market Cap₹ 48.1 Cr.
Current Price₹ 40.4
Stock P/E21.4
Book Value₹ 44.9
ROCE8.95 %
ROE5.99 %
Dividend Yield2.70 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-51%
Standalone figures.
Valuation
Market capRs 47 Cr
Enterprise valueRs 54 Cr
P/E (TTM)21.10x
Price to book1.10x
Price to sales0.94x
EV / EBITDA13.07x
EV / EBIT15.51x
EV / sales1.07x
Price to cash flow4.22x
Earnings yield4.74%
Dividend yield1.31%
Profitability
Operating margin (excl. other income)5.43%
Operating margin (incl. other income)6.60%
EBITDA margin8.16%
Pre-tax margin6.64%
Net profit margin4.43%
Net margin, latest quarter-3.94%
ROE4.25%
ROCE8.16%
ROA2.56%
ROIC (approx.)5.66%
Tax rate19.00%
Other income / net worth2.15%
Growth
Sales growth (latest year)120.38%
Profit growth (latest year)-29.07%
Sales growth QoQ-17.36%
Profit growth QoQ-206.12%
Sales growth YoY (latest quarter)50.06%
Profit growth YoY (latest quarter)-178.79%
Per share
EPS (TTM)Rs 1.89
EPS (latest year)Rs 1.35
EPS (latest quarter)Rs -0.44
Book value per shareRs 36.38
Sales per shareRs 42.60
Cash flow per shareRs 9.44
Free cash flow per shareRs 3.29
Dividend per share (latest year)Rs 0.52
Dividends
Dividend payout38.51%
Efficiency
Asset turnover1.00x
Fixed asset turnover5.51x
Inventory turnover6.52x
Inventory days56 days
Debtor days123 days
Debtors turnover2.98x
Creditor days89 days
Cash conversion cycle221 days
Working capital days249 days
Leverage
Total debtRs 21 Cr
Cash and bankRs 14 Cr
Net debtRs 7 Cr
Debt to equity0.47x
Net debt / EBITDA1.60x
Interest coverage29.08x
Owners' fund to total sources54.76%
Debt to assets25.93%
Cash flow
Cash from Operating Activity (latest year)Rs 11 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years2.02x
Sales to cash flow7.05x
Statement figures
Net sales (TTM)Rs 51 Cr
Net sales (latest year)Rs 79 Cr
Sales (latest quarter)Rs 13 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 58 Cr
Total expenditure (latest year)Rs 75 Cr
Total income (latest year)Rs 80 Cr
Share capitalRs 12 Cr
ReservesRs 31 Cr
Shareholders' fundsRs 43 Cr
Total assetsRs 79 Cr
Net blockRs 14 Cr
ReceivablesRs 27 Cr
InventoryRs 9 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)1.19
Ownership
Promoter holding67.88% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544185 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -17.5% | -2.8% | -14.7 pts |
| 1 month | -20.9% | -6.8% | -14.1 pts |
| 3 months | -35.2% | -7.6% | -27.6 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 153% vs sales +120% in 2026 |
| explain | Debt up, profit down Borrowings up 1224% while net profit fell in 2026 |
| look | Profit leans on other income Other income was 46% 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
Jun 2026Sales ₹13 Cr +50.1% vs Jun 2025.
Net loss ₹1 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 Adtech Systems Ltd?
Adtech Systems Ltd (544185) has a market capitalisation of Rs 48.1 Cr. at the 2026-10-01 close.
What is the P/E ratio of Adtech Systems Ltd?
Adtech Systems Ltd trades at a P/E of 21.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Adtech Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Adtech Systems Ltd sales was Rs 13 Cr (+50.1% vs Jun 2025) with a net loss of Rs 1 Cr.