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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.00 |
| Expenses | 0.03 | 0.03 | 0.04 | 0.10 | 0.01 | 0.03 | 0.06 | 0.13 | 0.18 | 0.11 | 0.10 | 0.22 |
| Operating Profit | -0.03 | -0.03 | -0.04 | -0.10 | -0.01 | -0.03 | -0.06 | -0.13 | -0.18 | -0.11 | 0.08 | -0.22 |
| OPM % | 44.44% | |||||||||||
| Other Income | 0.01 | 0.05 | 0.04 | 0.06 | 0.00 | 0.00 | -2.46 | 0.03 | 0.02 | 0.01 | 0.01 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.02 | 0.02 | 0.00 | -0.04 | -0.01 | -0.03 | -2.52 | -0.10 | -0.16 | -0.10 | 0.09 | -0.22 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | -0.02 | 0.02 | 0.00 | -0.04 | -0.01 | -0.03 | -2.52 | -0.10 | -0.16 | -0.10 | 0.09 | -0.22 |
| EPS in Rs | -0.00 | 0.00 | 0.00 | -0.01 | -0.00 | -0.01 | -0.46 | -0.02 | -0.03 | -0.02 | 0.02 | -0.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.23 | 5.84 | 0.30 | 0.03 | 0.00 | 0.00 | 0.01 | 0.05 | 0.10 | 0.09 | 0.24 | 0.18 |
| Expenses | 2.20 | 6.08 | 0.48 | 0.40 | 1.25 | 0.29 | 0.26 | 0.25 | 0.22 | 0.21 | 0.40 | 0.61 |
| Operating Profit | 0.03 | -0.24 | -0.18 | -0.37 | -1.25 | -0.29 | -0.25 | -0.20 | -0.12 | -0.12 | -0.16 | -0.43 |
| OPM % | 1.35% | -4.11% | -60.00% | -1,233.33% | -2,500.00% | -400.00% | -120.00% | -133.33% | -66.67% | -238.89% | ||
| Other Income | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.89 | -2.82 | -2.49 | 0.01 | 0.04 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 |
| Depreciation | -0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.05 | -0.26 | -0.13 | -0.37 | -1.25 | -0.30 | -0.25 | 0.69 | -2.94 | -2.61 | -0.28 | -0.39 |
| Tax % | 0.00% | 7.69% | 0.00% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | 0.05 | -0.28 | -0.13 | -0.38 | -1.25 | -0.30 | -0.25 | 0.69 | -2.94 | -2.61 | -0.28 | -0.39 |
| EPS in Rs | 0.01 | -0.05 | -0.02 | -0.07 | -0.23 | -0.05 | -0.05 | 0.12 | -0.53 | -0.47 | -0.05 | -0.07 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -20% | % | 69% | 167% | ||
| Compounded Profit Growth | % | 1% | -16% | -129% | ||
| Stock Price CAGR | 15% | 41% | 12% | -51% | ||
| Return on Equity | % | % | % | % |
| 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 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 | 11.06 |
| Reserves | -9.70 | -9.72 | -10.01 | -10.13 | -8.25 | -11.25 | -9.67 | -7.19 | -6.27 | -9.03 | -11.75 | -11.75 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 7.01 | 7.33 | 5.50 | 5.01 | 5.33 | 5.63 | 5.89 | 6.16 | 4.69 | 4.67 | 5.82 | 4.22 |
| Total Liabilities | 8.37 | 8.67 | 6.55 | 5.94 | 8.14 | 5.44 | 7.28 | 10.03 | 9.48 | 6.70 | 5.13 | 3.53 |
| Fixed Assets | 0.18 | 0.15 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 2.27 | 1.71 | 3.97 | 1.27 | 3.14 | 5.90 | 6.15 | 0.73 | 0.62 | 0.35 |
| Other Assets | 8.19 | 8.52 | 4.25 | 4.21 | 4.15 | 4.16 | 4.13 | 4.12 | 3.32 | 5.96 | 4.50 | 3.17 |
| Total Assets | 8.37 | 8.67 | 6.55 | 5.94 | 8.14 | 5.44 | 7.28 | 10.03 | 9.48 | 6.70 | 5.13 | 3.53 |
| 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 | -0.07 | 0.03 | -0.03 | -0.55 | -0.32 | -2.69 | 1.84 | 2.76 | -0.56 | -0.01 | -0.02 | -0.42 |
| Cash from Investing Activity | 0.00 | -0.01 | 0.00 | 0.56 | 0.28 | 2.70 | -1.87 | -2.76 | -0.25 | 0.05 | 0.00 | 0.41 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | -0.01 | 0.05 | 0.00 | 0.80 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -0.07 | 0.02 | -0.03 | 0.01 | -0.02 | 0.00 | 0.02 | 0.00 | -0.01 | 0.04 | -0.02 | -0.01 |
| Free Cash Flow | -0.07 | 0.02 | -0.03 | -0.55 | -0.32 | 0.01 | 1.84 | 2.76 | -0.56 | -0.01 | -0.02 | -0.42 |
| CFO/OP | -32% | 100% | 12% | 306% | 86% | 215% | -634% | -1,104% | 280% | 8% | 17% | 262% |
| 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 | 0.50 | 3.27 | 0.00 | 12.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Inventory Days | 179.24 | 687.29 | 0.64 | 91.25 | ||||||||
| Days Payable | 266.15 | 1,304.68 | 0.00 | 0.00 | ||||||||
| Cash Conversion Cycle | -86.41 | -614.12 | 0.64 | 103.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Working Capital Days | -87.64 | -471.39 | -276.25 | -4,830.17 | -63,388.33 | -221,190.00 | -33,434.00 | -6,971.50 | -23,035.56 | -6,159.38 | ||
| ROCE % | 6.67% | 3.70% | -21.76% | -13.13% | -19.79% | -95.42% | -48.33% | -9.51% | -4.62% | -3.52% | -17.91% |
| 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 | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% |
| Public | 88.75% | 88.75% | 88.75% | 88.75% | 88.74% | 88.75% | 88.75% | 88.75% | 88.76% | 88.76% | 88.76% | 88.75% |
| No. of Shareholders | 15,968 | 16,850 | 20,125 | 22,782 | 30,503 | 36,003 | 41,781 | 42,065 | 42,098 | 42,114 | 41,448 | 40,850 |
Fundamentals
Market Cap₹ 11.0 Cr.
Current Price₹ 1.98
Book Value₹ -0.12
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)167%
Compounded Profit Growth (TTM)-129%
Standalone figures.
Valuation
Market capRs 11 Cr
Enterprise valueRs 11 Cr
Price to book-15.87x
Price to sales45.63x
EV / sales45.54x
Earnings yield-3.56%
P/B, 3-year average-23.49x
P/E, 5-year average2.81x
P/B, 5-year average-13.90x
Profitability
Operating margin (excl. other income)-66.67%
Operating margin (incl. other income)-62.50%
EBITDA margin-108.33%
Pre-tax margin-162.50%
Net profit margin-162.50%
ROE40.58%
ROA-6.47%
ROE, 3-year average-145.06%
ROCE, 3-year average-237.88%
ROA, 3-year average-28.98%
ROE, 5-year average-85.75%
ROCE, 5-year average-117.33%
ROA, 5-year average-16.55%
Other income / net worth-1.45%
Growth
Sales growth (latest year)166.67%
Sales CAGR, 3 years68.69%
Profit growth QoQ-344.44%
Per share
EPS (TTM)Rs -0.07
EPS (latest year)Rs -0.05
EPS (latest quarter)Rs -0.04
EPS, 3-year averageRs -0.35
EPS, 5-year averageRs -0.19
Book value per shareRs -0.12
Sales per shareRs 0.04
Cash flow per shareRs -0.08
Free cash flow per shareRs -0.08
Efficiency
Asset turnover0.07x
Fixed asset turnover24.00x
Inventory turnover0.00x
Creditor days0 days
Cash conversion cycle0 days
Working capital days-6159 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Interest coverage-2.00x
Owners' fund to total sources-19.55%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -0 Cr
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -0 Cr
Profit before tax (TTM)Rs -0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs -0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 0 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 11 Cr
ReservesRs -12 Cr
Shareholders' fundsRs -1 Cr
Total assetsRs 4 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)5.53
Ownership
Promoter holding11.24% (+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 | BLUECHIP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.2% | -2.8% | -6.4 pts |
| 1 month | +19.3% | -6.8% | +26.1 pts |
| 3 months | +6.5% | -7.6% | +14.1 pts |
| 6 months | -44.4% | +0.4% | -44.8 pts |
| 1 year | -73.9% | -9.9% | -64.0 pts |
| 2 years | +32.0% | -13.6% | +45.6 pts |
| 3 years | +41.4% | +14.2% | +27.3 pts |
| 5 years | +465.7% | +27.9% | +437.8 pts |
Red flags
F-score 5 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
| look | On NSE surveillance On NSE surveillance: GSM |
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 ₹0 Cr.
Net loss ₹0 Cr.
Activity
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| Pilani Investment & Industries Corporation Ltd | 4,430 | 1.41 % | |
| Nalwa Sons Investments Ltd | 2,755 | 49.7 | 0.48 % |
| Kalyani Investment Company Ltd | 2,081 | 51.2 | 0.49 % |
| Elcid Investments Ltd | 2,053 | 21.5 | 1.43 % |
| Shipping Corporation of India Land & Assets Ltd | 1,709 | 60.0 | 1.31 % |
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No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2022-09-23 | Annual General Meeting | |
| 2021-09-22 | Annual General Meeting | |
| 2020-12-09 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting | |
| 2018-09-18 | Annual General Meeting | |
| 2017-09-12 | Annual General Meeting | |
| 2016-09-19 | Annual General Meeting | |
| 2015-09-18 | Annual General Meeting | |
| 2014-09-17 | Annual General Meeting | |
| 2013-09-17 | Annual General Meeting | |
| 2012-09-14 | Annual General Meeting | |
| 2011-09-15 | Annual General Meeting | |
| 2009-09-07 | Annual General Meeting | |
| 2008-09-16 | Annual General Meeting | |
| 2007-09-13 | Agm | |
| 2006-08-30 | Agm |
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.
EPS in the scrip is zero (4 trailing quarters)GSM: stage 3Less than 100 unique PAN traded in previous 30 days