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 | 33 | 29 | 53 | 57 | 61 | 62 | 50 | 46 | 44 | 43 | 43 | 25 |
| Expenses | 32 | 28 | 53 | 56 | 60 | 60 | 49 | 45 | 44 | 45 | 48 | 36 |
| Operating Profit | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | -2 | -5 | -11 |
| OPM % | 4.3% | 4.2% | 0.2% | 2.2% | 2.0% | 1.9% | 2.0% | 1.7% | 0.8% | -4.0% | -12% | -43% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 1 | 1 | -1 | 0 | 0 | 0 | -0 | 0 | -1 | -3 | -6 | -11 |
| Tax % | 26% | 26% | -24% | 26% | 24% | 28% | -14% | -10% | -1% | -0% | -0% | 0% |
| Net Profit | 1 | 0 | -1 | 0 | 0 | 0 | -0 | 0 | -1 | -3 | -6 | -11 |
| EPS in Rs | 0.21 | 0.18 | -0.22 | 0.12 | 0.08 | 0.05 | -0.02 | 0.04 | -0.26 | -1.07 | -2.44 | -1.89 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 151 | 155 | 197 | 188 | 160 | 164 | 197 | 149 | 151 | 230 | 176 | 156 |
| Expenses | 147 | 150 | 189 | 178 | 151 | 160 | 195 | 145 | 147 | 225 | 182 | 174 |
| Operating Profit | 5 | 5 | 8 | 9 | 8 | 4 | 3 | 3 | 4 | 5 | -6 | -18 |
| OPM % | 3.0% | 3.2% | 4.0% | 4.9% | 5% | 2.4% | 1.4% | 2.0% | 2.6% | 2.0% | -3.4% | -11% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 2 | 2 | 5 | 5 | 4 | 1 | 0 | 1 | 1 | 1 | -10 | -21 |
| Tax % | 32% | 34% | 33% | 28% | 25% | 25% | 24% | 23% | 27% | 25% | -0% | |
| Net Profit | 1 | 1 | 3 | 4 | 3 | 1 | 0 | 0 | 1 | 1 | -10 | -21 |
| EPS in Rs | 0.87 | 0.43 | 1.33 | 1.52 | 1.30 | 0.29 | 0.14 | 0.16 | 0.30 | 0.24 | -3.74 | -5.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 2% | 1% | 6% | -29% | ||
| Compounded Profit Growth | % | % | % | -5150% | ||
| Stock Price CAGR | % | 24% | 51% | 587% | ||
| Return on Equity | 1% | -3% | -6% | -19% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 26 | 26 |
| Reserves | 7 | 8 | 11 | 14 | 18 | 21 | 22 | 22 | 23 | 24 | 30 | 21 |
| Borrowings | 23 | 25 | 26 | 26 | 29 | 35 | 29 | 35 | 29 | 33 | 26 | 12 |
| Other Liabilities | 12 | 2 | 7 | 3 | 7 | 5 | 2 | 5 | 11 | 12 | 20 | 18 |
| Total Liabilities | 50 | 44 | 60 | 61 | 72 | 78 | 70 | 79 | 80 | 86 | 102 | 77 |
| Fixed Assets | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 15 | 13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46 | 40 | 57 | 57 | 67 | 74 | 66 | 75 | 75 | 78 | 87 | 64 |
| Total Assets | 50 | 44 | 60 | 61 | 72 | 78 | 70 | 79 | 80 | 86 | 102 | 77 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 0 | -7 | 3 | 1 | -2 | 9 | -3 | 14 | -2 | 3 | 16 |
| Cash from Investing Activity | 0 | -0 | -0 | -1 | -1 | -1 | -0 | -0 | -1 | -4 | -10 | 0 |
| Cash from Financing Activity | -2 | -0 | 8 | -2 | 0 | 2 | -8 | 4 | -13 | 6 | 7 | -16 |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 |
| Free Cash Flow | 2 | 0 | -8 | 2 | -0 | -2 | 8 | -4 | 13 | -6 | -6 | 16 |
| CFO/OP | 64% | 16% | -139% | 57% | 25% | -1% | 249% | -100% | 454% | -55% | 74% | -260% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 64 | 96 | 66 | 62 | 89 | 65 | 46 | 63 | 64 | 58 | 55 |
| Inventory Days | 41 | 30 | 29 | 29 | 39 | 50 | 51 | 46 | 70 | 76 | 49 | 39 |
| Days Payable | 32 | 2 | 15 | 3 | 8 | 7 | 2 | 8 | 25 | 27 | 22 | 29 |
| Cash Conversion Cycle | 95 | 93 | 109 | 92 | 93 | 132 | 114 | 84 | 107 | 112 | 85 | 64 |
| Working Capital Days | 34 | 33 | 58 | 52 | 60 | 78 | 78 | 72 | 81 | 86 | 67 | 76 |
| ROCE % | 11% | 11% | 10% | 14% | 14% | 11% | 5% | 4% | 4% | 5% | 4% | -11% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 60.23% | 60.23% | 60.23% | 43.49% | 37.24% | 37.24% | 37.24% | 37.24% | 30.00% | 26.67% | 25.40% | 68.00% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.00% |
| Public | 39.77% | 39.77% | 39.77% | 56.51% | 62.76% | 62.76% | 62.76% | 62.76% | 70.00% | 73.33% | 74.41% | 32.00% |
| No. of Shareholders | 9,621 | 9,714 | 11,320 | 16,515 | 15,973 | 16,540 | 16,942 | 16,791 | 16,654 | 16,340 | 15,365 | 12,739 |
Fundamentals
Market Cap₹ 420 Cr.
Current Price₹ 69.6
Book Value₹ 17.9
ROCE-11.0 %
ROE-18.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-29%
Compounded Profit Growth (TTM)-5150%
Standalone figures.
Valuation
Market capRs 420 Cr
Enterprise valueRs 432 Cr
Price to book9.03x
Price to sales2.69x
EV / sales2.77x
Price to cash flow26.96x
Earnings yield-5.05%
P/E, 3-year average38.56x
P/B, 3-year average0.74x
P/E, 5-year average60.23x
P/B, 5-year average0.75x
Profitability
Operating margin (excl. other income)-3.39%
Operating margin (incl. other income)-3.18%
EBITDA margin-11.33%
Pre-tax margin-13.60%
Net profit margin-13.61%
Net margin, latest quarter-45.12%
ROE-18.89%
ROCE-11.04%
ROA-10.83%
ROE, 3-year average-5.24%
ROCE, 3-year average-0.56%
ROA, 3-year average-3.08%
ROE, 5-year average-2.75%
ROCE, 5-year average1.23%
ROA, 5-year average-1.65%
ROIC (approx.)-33.55%
Tax rate0.41%
Other income / net worth0.82%
Growth
Sales growth (latest year)-23.17%
Profit growth (latest year)-1662.90%
Sales CAGR, 3 years5.91%
Sales CAGR, 5 years1.43%
Sales growth QoQ-41.10%
Sales growth YoY (latest quarter)-44.87%
Profit growth YoY (latest quarter)-10481.82%
Per share
EPS (TTM)Rs -3.51
EPS (latest year)Rs -3.74
EPS (latest quarter)Rs -1.89
EPS, 3-year averageRs -1.02
EPS, 5-year averageRs -0.52
Book value per shareRs 7.70
Sales per shareRs 25.83
Cash flow per shareRs 2.58
Free cash flow per shareRs 2.65
Efficiency
Asset turnover2.30x
Fixed asset turnover13.79x
Inventory turnover9.45x
Inventory days39 days
Debtor days55 days
Debtors turnover6.68x
Creditor days29 days
Cash conversion cycle64 days
Working capital days76 days
Leverage
Total debtRs 12 Cr
Cash and bankRs 0 Cr
Net debtRs 12 Cr
Debt to equity0.26x
Interest coverage-13.83x
Current ratio (filing 2026-03-31)2.37x
Quick ratio (filing 2026-03-31)1.66x
Trade payables (filing 2026-03-31)Rs 14 Cr
Owners' fund to total sources60.63%
Debt to assets16.01%
Cash flow
Cash from Operating Activity (latest year)Rs 16 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -16 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Sales to cash flow11.33x
Statement figures
Net sales (TTM)Rs 156 Cr
Net sales (latest year)Rs 176 Cr
Sales (latest quarter)Rs 25 Cr
Operating profit excl. other income (latest year)Rs -6 Cr
Operating profit (latest quarter)Rs -11 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -18 Cr
PBDT (TTM)Rs -19 Cr
Profit before tax (TTM)Rs -21 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -21 Cr
Net profit (latest year)Rs -10 Cr
Net profit (latest quarter)Rs -11 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 181 Cr
Total expenditure (latest year)Rs 182 Cr
Total income (latest year)Rs 177 Cr
Share capitalRs 26 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 77 Cr
Net blockRs 13 Cr
ReceivablesRs 26 Cr
InventoryRs 19 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)6.03
Ownership
Promoter holding68.00% (+30.76 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 9.03 is at the 65th percentile (median 3.98).
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 | AGASTYAEN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.9% | -2.8% | -3.1 pts |
| 1 month | +18.4% | -6.8% | +25.2 pts |
| 3 months | +51.7% | -7.6% | +59.3 pts |
| 6 months | +270.7% | +0.4% | +270.3 pts |
| 1 year | +602.5% | -9.9% | +612.4 pts |
| 2 years | +329.6% | -13.6% | +343.1 pts |
| 3 years | +212.6% | +14.2% | +198.4 pts |
| 5 years | +158.6% | +27.9% | +130.7 pts |
Red flags
F-score 5 of 8| 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
Jun 2026Sales ₹25 Cr -45.7% vs Jun 2025.
Net loss ₹11 Cr.
Activity
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|---|---|---|---|
| Pidilite Industries Ltd | 148,809 | 56.2 | 31.0 % |
| Gujarat Fluorochemicals Ltd | 48,402 | 78.4 | 9.64 % |
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| Deepak Nitrite Ltd | 20,854 | 26.3 | 11.4 % |
| Atul Ltd | 17,614 | 22.1 | 14.9 % |
| Aarti Industries Ltd | 17,045 | 32.6 | 6.86 % |
| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
| BASF India Ltd | 14,871 | 24.0 | 14.5 % |
| Privi Speciality Chemicals Ltd | 14,084 | 40.3 | 22.3 % |
| Anupam Rasayan India Ltd | 13,409 | 76.8 | 7.38 % |
| Vinati Organics Ltd | 12,173 | 24.4 | 21.4 % |
| Elantas Beck India Ltd | 10,820 | 60.9 | 21.2 % |
| Jubilant Ingrevia Ltd | 10,180 | 32.0 | 11.4 % |
| Alkyl Amines Chemicals Ltd | 9,111 | 40.5 | 16.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-08-27 | Annual General Meeting | |
| 2024-05-07 | Rights 1:2 @ Premium Rs 8/- | |
| 2023-06-30 | Annual General Meeting | |
| 2022-08-29 | Annual General Meeting | |
| 2021-08-20 | Annual General Meeting | |
| 2020-09-18 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting |
| Date | Type | What it says |
|---|---|---|
| 2026-10-02 | Corrigendum | Corrigendum to Notice of Extra Ordinary General Meeting to be held on October 07, 2026 |
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 2