Price
Financials
Standalone, Rs crore| Sep 2024 | Sep 2025 | |
|---|---|---|
| Sales | 49 | 60 |
| Expenses | 42 | 50 |
| Operating Profit | 7 | 10 |
| OPM % | 14% | 16% |
| Other Income | 1 | 1 |
| Interest | 2 | 1 |
| Depreciation | 1 | 1 |
| Profit before tax | 5 | 9 |
| Tax % | 30% | 27% |
| Net Profit | 4 | 6 |
| EPS in Rs | 3.59 | 4.39 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 48 | 50 | 71 | 83 | 74 | 114 | 150 |
| Expenses | 44 | 45 | 67 | 79 | 67 | 97 | 139 |
| Operating Profit | 4 | 5 | 4 | 4 | 7 | 17 | 11 |
| OPM % | 8% | 9% | 5% | 4.5% | 10% | 15% | 8% |
| Other Income | 1 | 1 | 1 | 2 | 2 | 3 | 2 |
| Interest | 2 | 2 | 1 | 2 | 2 | 3 | 3 |
| Depreciation | 2 | 3 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 1 | 2 | 3 | 6 | 14 | 9 |
| Tax % | 29% | 27% | 28% | 17% | 36% | 32% | 31% |
| Net Profit | 1 | 1 | 1 | 2 | 4 | 10 | 6 |
| EPS in Rs | 1.46 | 1.18 | 2.28 | 4.29 | 8.00 | 9.42 | 4.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 25% | 22% | 32% | ||
| Compounded Profit Growth | % | 59% | 76% | -37% | ||
| Stock Price CAGR | % | % | % | -23% | ||
| Return on Equity | % | 19% | 22% | 11% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 10 | 14 |
| Reserves | 4 | 5 | 6 | 8 | 12 | 19 | 64 |
| Borrowings | 19 | 19 | 27 | 39 | 45 | 36 | 43 |
| Other Liabilities | 12 | 10 | 13 | 11 | 9 | 17 | 18 |
| Total Liabilities | 40 | 39 | 51 | 63 | 71 | 83 | 138 |
| Fixed Assets | 16 | 16 | 12 | 8 | 29 | 26 | 24 |
| CWIP | 0 | 0 | 1 | 16 | 0 | 0 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 24 | 23 | 38 | 38 | 42 | 57 | 99 |
| Total Assets | 40 | 39 | 51 | 63 | 71 | 83 | 138 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6 | 2 | 3 | 2 | -9 | ||
| Cash from Investing Activity | 1 | -11 | -6 | -0 | -13 | ||
| Cash from Financing Activity | 5 | 9 | 4 | -2 | 38 | ||
| Net Cash Flow | -0 | -0 | 0 | -0 | 16 | ||
| Free Cash Flow | -5 | -9 | -3 | 2 | -24 | ||
| CFO/OP | -138% | 66% | 43% | 37% | -56% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 69 | 74 | 71 | 77 | 73 | 121 |
| Inventory Days | 977 | 90 | 89 | 87 | 92 | 86 | |
| Days Payable | 173 | 41 | 32 | 35 | 33 | 29 | |
| Cash Conversion Cycle | 58 | 873 | 123 | 127 | 129 | 132 | 179 |
| Working Capital Days | 21 | 35 | 49 | 17 | 12 | 50 | 81 |
| ROCE % | 9% | 8% | 7% | 14% | 27% | 13% |
| Sep 2025 | Mar 2026 | |
|---|---|---|
| Promoters | 70.58% | 70.58% |
| DIIs | 1.44% | 1.43% |
| Public | 27.97% | 27.98% |
| No. of Shareholders | 346 | 330 |
Fundamentals
Market Cap₹ 181 Cr.
Current Price₹ 128
Stock P/E29.8
Book Value₹ 55.1
ROCE12.5 %
ROE11.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)-37%
Standalone figures.
Valuation
Market capRs 174 Cr
Enterprise valueRs 212 Cr
P/E (TTM)81.29x
Price to book13.70x
Price to sales2.09x
EV / EBITDA34.77x
EV / EBIT45.89x
EV / sales2.55x
Price to cash flow89.67x
Earnings yield1.23%
Profitability
Operating margin (excl. other income)4.51%
Operating margin (incl. other income)7.35%
EBITDA margin7.35%
Pre-tax margin3.13%
Net profit margin2.57%
ROE18.41%
ROCE10.41%
ROA3.77%
ROE, 3-year average12.05%
ROCE, 3-year average9.45%
ROA, 3-year average2.60%
ROIC (approx.)7.48%
Tax rate17.31%
Other income / net worth18.58%
Growth
Sales growth (latest year)17.27%
Profit growth (latest year)87.72%
Sales CAGR, 3 years20.43%
Profit CAGR, 3 years43.12%
Per share
EPS (TTM)Rs 1.51
EPS (latest year)Rs 4.29
EPS, 3-year averageRs 2.59
Book value per shareRs 8.98
Sales per shareRs 58.83
Cash flow per shareRs 1.37
Free cash flow per shareRs -16.98
Efficiency
Asset turnover1.33x
Fixed asset turnover10.02x
Inventory turnover4.21x
Inventory days87 days
Debtor days71 days
Debtors turnover5.17x
Creditor days29 days
Cash conversion cycle179 days
Working capital days81 days
Leverage
Total debtRs 39 Cr
Cash and bankRs 0 Cr
Net debtRs 38 Cr
Debt to equity3.03x
Net debt / EBITDA6.30x
Interest coverage2.28x
Owners' fund to total sources20.31%
Debt to assets61.58%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -13 Cr
Cash from ops / profit, 5 years-0.35x
Sales to cash flow42.87x
Statement figures
Net sales (TTM)Rs 83 Cr
Net sales (latest year)Rs 83 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 6 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
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 76 Cr
Total expenditure (latest year)Rs 79 Cr
Total income (latest year)Rs 86 Cr
Share capitalRs 5 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 13 Cr
Total assetsRs 63 Cr
Net blockRs 8 Cr
Capital work in progressRs 16 Cr
ReceivablesRs 16 Cr
InventoryRs 18 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.41
Ownership
Promoter holding70.58%
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 | AARADHYA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.8% | -2.8% | -8.1 pts |
| 1 month | +31.5% | -6.8% | +38.3 pts |
| 3 months | +53.8% | -7.6% | +61.4 pts |
| 6 months | +1.3% | +0.4% | +0.9 pts |
Red flags
F-score 4 of 8| look | Profit leans on other income Other income was 91% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
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
No quarterly results published.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| JK Paper Ltd | 7,096 | 21.7 | 7.39 % |
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded