Price
Financials
Consolidated, 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 | 190 | 175 | 200 | 194 | 202 | 198 | 194 | 186 | 178 | 181 | 188 | 226 |
| Expenses | 173 | 158 | 208 | 175 | 194 | 187 | 186 | 175 | 175 | 168 | 171 | 189 |
| Operating Profit | 17 | 17 | -8 | 19 | 8 | 11 | 8 | 11 | 3 | 13 | 17 | 37 |
| OPM % | 9% | 10% | -4.1% | 10% | 3.8% | 5% | 4.0% | 6% | 1.9% | 7% | 9% | 16% |
| Other Income | 1 | 4 | 9 | 4 | -6 | -6 | 21 | 6 | 4 | 3 | 12 | 0 |
| Interest | 20 | 21 | 23 | 21 | 24 | 19 | 19 | 19 | 19 | 17 | 18 | 18 |
| Depreciation | 10 | 11 | 13 | 12 | 11 | 12 | 5 | 12 | 12 | 5 | 5 | 4 |
| Profit before tax | -13 | -10 | -35 | -10 | -33 | -27 | 6 | -13 | -24 | -6 | 7 | 15 |
| Tax % | -5% | 34% | -44% | 55% | -10% | -40% | -119% | -25% | -1% | 3% | -13% | -1% |
| Net Profit | -12 | -14 | -20 | -15 | -30 | -16 | 12 | -10 | -23 | -6 | 8 | 15 |
| EPS in Rs | -3.22 | -2.91 | -4.63 | -2.71 | -6.81 | -3.04 | 7.47 | -1.61 | -5.25 | 0.41 | 5.68 | 5.39 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,603 | 2,633 | 2,778 | 2,997 | 1,827 | 623 | 845 | 982 | 747 | 788 | 734 | 773 |
| Expenses | 2,396 | 2,443 | 2,617 | 2,827 | 1,782 | 572 | 784 | 925 | 708 | 742 | 689 | 703 |
| Operating Profit | 207 | 190 | 161 | 170 | 45 | 51 | 60 | 57 | 39 | 46 | 45 | 70 |
| OPM % | 8% | 7% | 6% | 6% | 2.5% | 8% | 7% | 6% | 5% | 6% | 6% | 9% |
| Other Income | -87 | 107 | 297 | 59 | 254 | 45 | 44 | 237 | 16 | 12 | 26 | 20 |
| Interest | 151 | 176 | 249 | 283 | 174 | 76 | 69 | 60 | 82 | 83 | 72 | 72 |
| Depreciation | 164 | 177 | 416 | 378 | 239 | 46 | 39 | 38 | 45 | 18 | 20 | 26 |
| Profit before tax | -194 | -56 | -207 | -433 | -114 | -25 | -4 | 196 | -72 | -43 | -21 | -7 |
| Tax % | -58% | 42% | -4% | 5% | -13% | -55% | 3% | 74% | -18% | -35% | -19% | |
| Net Profit | -82 | -80 | -199 | -453 | -99 | -11 | -4 | 50 | -59 | -28 | -17 | -6 |
| EPS in Rs | -36.04 | -35.91 | -85.43 | -193.28 | -43.97 | -8.95 | -5.35 | 6.39 | -14.12 | -0.33 | 0.73 | 6.23 |
| 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 | -12% | 3% | -9% | -1% | ||
| Compounded Profit Growth | -14% | 16% | 32% | 248% | ||
| Stock Price CAGR | 3% | 7% | 8% | 18% | ||
| Return on Equity | -50% | -6% | -3% | 1% |
| 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 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 1,073 | 689 | 590 | 376 | -93 | 85 | 63 | 52 | 507 | 474 | 191 | 173 |
| Borrowings | 2,311 | 2,122 | 2,014 | 2,089 | 2,270 | 707 | 677 | 690 | 639 | 756 | 689 | 620 |
| Other Liabilities | 933 | 786 | 830 | 913 | 888 | 297 | 300 | 362 | 424 | 314 | 21 | 26 |
| Total Liabilities | 4,340 | 3,620 | 3,457 | 3,402 | 3,087 | 1,112 | 1,064 | 1,127 | 1,593 | 1,568 | 924 | 843 |
| Fixed Assets | 1,926 | 2,432 | 2,403 | 2,180 | 2,005 | 534 | 494 | 465 | 1,045 | 1,038 | 456 | 432 |
| CWIP | 218 | 161 | 149 | 170 | 79 | 0 | 0 | 1 | 1 | 1 | 4 | 10 |
| Investments | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 8 | 11 | 14 |
| Other Assets | 2,196 | 1,026 | 904 | 1,051 | 1,003 | 577 | 570 | 661 | 545 | 521 | 453 | 387 |
| Total Assets | 4,340 | 3,620 | 3,457 | 3,402 | 3,087 | 1,112 | 1,064 | 1,127 | 1,593 | 1,568 | 924 | 843 |
| 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 | -315 | 177 | 300 | 98 | 206 | 256 | 72 | 41 | -7 | 62 | 86 | 128 |
| Cash from Investing Activity | 247 | -358 | -129 | -203 | -104 | 1,309 | 2 | -4 | 36 | -106 | 81 | -5 |
| Cash from Financing Activity | 119 | 149 | -155 | 91 | -103 | -1,600 | -83 | -55 | -19 | 36 | -171 | -132 |
| Net Cash Flow | 50 | -32 | 16 | -13 | -1 | -35 | -9 | -18 | 10 | -7 | -3 | -10 |
| Free Cash Flow | -74 | -12 | 165 | -115 | 91 | 1,569 | 69 | 37 | 11 | -34 | 142 | 120 |
| CFO/OP | -170% | 85% | 173% | 75% | 148% | 828% | 141% | 78% | -6% | 162% | 192% | 283% |
| 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 | 125 | 35 | 29 | 38 | 38 | 22 | 90 | 95 | 70 | 73 | 55 | 54 |
| Inventory Days | 105 | 108 | 84 | 90 | 82 | 28 | 90 | 83 | 42 | 77 | 80 | 86 |
| Days Payable | 93 | 86 | 81 | 102 | 71 | 35 | 93 | 102 | 77 | 70 | 57 | 70 |
| Cash Conversion Cycle | 137 | 57 | 32 | 25 | 49 | 15 | 88 | 76 | 34 | 80 | 78 | 69 |
| Working Capital Days | 125 | 5 | -11 | -150 | -156 | -2 | -19 | -10 | -10 | 12 | -5 | 28 |
| ROCE % | 1% | 2% | 2% | -8% | -6% | -9% | 3% | 3% | 3% | 1% | 4% | 7% |
| 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 | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% | 30.01% |
| FIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| Public | 69.94% | 69.95% | 69.95% | 69.95% | 69.95% | 69.95% | 69.95% | 69.95% | 69.94% | 69.95% | 69.95% | 69.94% |
| No. of Shareholders | 19,875 | 19,181 | 19,116 | 18,783 | 18,241 | 18,496 | 17,586 | 17,047 | 16,513 | 16,068 | 15,824 | 15,777 |
Fundamentals
Market Cap₹ 229 Cr.
Current Price₹ 101
Stock P/E11.5
Book Value₹ 83.6
ROCE7.06 %
ROE1.39 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)248%
Consolidated figures.
Valuation
Market capRs 228 Cr
Enterprise valueRs 843 Cr
P/E (TTM)15.51x
Price to book1.16x
Price to sales0.29x
EV / EBITDA9.31x
EV / EBIT13.09x
EV / sales1.09x
Price to cash flow1.78x
Earnings yield6.45%
P/E, 3-year average71.81x
P/B, 3-year average0.64x
P/E, 5-year average39.30x
P/B, 5-year average0.86x
Profitability
Operating margin (excl. other income)6.08%
Operating margin (incl. other income)9.63%
EBITDA margin11.71%
Pre-tax margin-0.97%
Net profit margin1.90%
Net margin, latest quarter5.62%
ROE0.84%
ROCE5.92%
ROA0.20%
ROE, 3-year average-1.95%
ROCE, 3-year average3.48%
ROA, 3-year average-0.66%
ROE, 5-year average-3.29%
ROCE, 5-year average9.08%
ROA, 5-year average-0.40%
ROIC (approx.)6.39%
Tax rate19.44%
Other income / net worth13.23%
Growth
Sales growth (latest year)-6.92%
Sales CAGR, 3 years-9.25%
Sales CAGR, 5 years3.33%
Profit CAGR, 3 years-51.38%
Sales growth QoQ20.36%
Profit growth QoQ-5.01%
Sales growth YoY (latest quarter)21.20%
Per share
EPS (TTM)Rs 6.23
EPS (latest year)Rs 0.73
EPS (latest quarter)Rs 5.39
EPS, 3-year averageRs -4.57
EPS, 5-year averageRs -2.53
Book value per shareRs 83.55
Sales per shareRs 328.32
Cash flow per shareRs 54.28
Free cash flow per shareRs 50.97
Efficiency
Asset turnover0.87x
Fixed asset turnover1.70x
Inventory turnover4.91x
Inventory days74 days
Debtor days54 days
Debtors turnover6.79x
Creditor days70 days
Cash conversion cycle69 days
Working capital days28 days
Leverage
Total debtRs 620 Cr
Cash and bankRs 6 Cr
Net debtRs 615 Cr
Debt to equity3.15x
Net debt / EBITDA6.79x
Interest coverage0.90x
Owners' fund to total sources23.34%
Debt to assets73.61%
Cash flow
Cash from Operating Activity (latest year)Rs 128 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs -132 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs 120 Cr
FCFE (approx.: FCF + change in debt)Rs 51 Cr
Sales to cash flow5.74x
Statement figures
Net sales (TTM)Rs 773 Cr
Net sales (latest year)Rs 734 Cr
Sales (latest quarter)Rs 226 Cr
Operating profit excl. other income (latest year)Rs 45 Cr
Operating profit (latest quarter)Rs 37 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 91 Cr
PBDT (TTM)Rs 19 Cr
Profit before tax (TTM)Rs -7 Cr
Tax (latest year)Rs -4 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 26 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 72 Cr
Cost of goods sold (latest year)Rs 564 Cr
Total expenditure (latest year)Rs 689 Cr
Total income (latest year)Rs 760 Cr
Share capitalRs 24 Cr
ReservesRs 173 Cr
Shareholders' fundsRs 197 Cr
Total assetsRs 843 Cr
Net blockRs 432 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 14 Cr
ReceivablesRs 108 Cr
InventoryRs 115 Cr
Other liabilitiesRs 26 Cr
Shares outstanding (crore)2.35
Ownership
Promoter holding30.01% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.16 is at the 70th percentile (median 0.66).
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 | BI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.9% | -2.8% | -3.1 pts |
| 1 month | +10.8% | -6.8% | +17.6 pts |
| 3 months | +62.1% | -7.6% | +69.7 pts |
| 3 years | +20.1% | +14.2% | +5.9 pts |
| 5 years | +38.7% | +27.9% | +10.8 pts |
Red flags
F-score 8 of 8| serious | Low interest cover Interest cover 0.7x 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.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2026-09-17 | Guttikonda Anuradha | Acquirer | other | SAST Open Market | ||
| 2026-09-17 | Guttikonda Vara Lakshmi | Acquirer | buy | 312,464 | SAST Open Market | |
| 2026-09-17 | Guttikonda Rajasekhar | Acquirer | buy | 160,800 | SAST Open Market |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Jun 2026Sales ₹226 Cr +21.5% vs Jun 2025.
Net profit ₹15 Cr +250.0%.
Activity
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| Jeevan Scientific Technology Ltd | 163 | 46.7 | 5.01 % |
| Adeshwar Meditex Ltd | 24 | 19.4 | 5.21 % |
| Vanta Bioscience Ltd | 15 | 133 | 1.19 % |
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 2