Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 2.83 | 9.34 | 5.40 | 9.88 | 9.99 | 10.04 |
| Expenses | 2.36 | 8.26 | 4.48 | 8.58 | 8.52 | 8.76 |
| Operating Profit | 0.47 | 1.08 | 0.92 | 1.30 | 1.47 | 1.28 |
| OPM % | 16.61% | 11.56% | 17.04% | 13.16% | 14.71% | 12.75% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.09 | 0.07 | 0.06 |
| Interest | 0.07 | 0.04 | 0.07 | 0.05 | 0.02 | 0.01 |
| Depreciation | 0.02 | 0.03 | 0.02 | 0.10 | 0.25 | 0.29 |
| Profit before tax | 0.38 | 1.01 | 0.84 | 1.24 | 1.27 | 1.04 |
| Tax % | 31.58% | 25.74% | 27.38% | 24.19% | 33.07% | 22.12% |
| Net Profit | 0.26 | 0.75 | 0.61 | 0.93 | 0.85 | 0.81 |
| EPS in Rs | 0.82 | 2.36 | 1.37 | 2.09 | 1.91 | 1.82 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 5.32 | 5.46 | 10.26 | 12.17 | 15.28 | 19.94 |
| Expenses | 5.07 | 4.77 | 8.83 | 10.62 | 13.06 | 17.19 |
| Operating Profit | 0.25 | 0.69 | 1.43 | 1.55 | 2.22 | 2.75 |
| OPM % | 4.70% | 12.64% | 13.94% | 12.74% | 14.53% | 13.79% |
| Other Income | 0.01 | 0.01 | 0.01 | 0.00 | 0.10 | 0.13 |
| Interest | 0.07 | 0.09 | 0.04 | 0.11 | 0.12 | 0.03 |
| Depreciation | 0.03 | 0.05 | 0.05 | 0.05 | 0.12 | 0.54 |
| Profit before tax | 0.16 | 0.56 | 1.35 | 1.39 | 2.08 | 2.31 |
| Tax % | 25.00% | 26.79% | 25.19% | 27.34% | 25.96% | 28.57% |
| Net Profit | 0.11 | 0.42 | 1.01 | 1.01 | 1.54 | 1.66 |
| EPS in Rs | 110.00 | 420.00 | 1,010.00 | 3.18 | 3.46 | 3.73 |
| Dividend Payout % | 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 | % | 30% | 25% | 31% | ||
| Compounded Profit Growth | % | 72% | 18% | 8% | ||
| Stock Price CAGR | % | % | % | 30% | ||
| Return on Equity | % | 19% | 15% | 11% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 3.17 | 4.45 | 4.45 |
| Reserves | 0.59 | 1.01 | 2.01 | 1.36 | 9.44 | 11.10 |
| Borrowings | 0.52 | 0.20 | 0.04 | 0.66 | 0.31 | 0.03 |
| Other Liabilities | 1.54 | 1.57 | 3.30 | 2.48 | 2.19 | 3.95 |
| Total Liabilities | 2.66 | 2.79 | 5.36 | 7.67 | 16.39 | 19.53 |
| Fixed Assets | 0.12 | 0.13 | 0.13 | 0.13 | 1.87 | 5.90 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 2.54 | 2.66 | 5.23 | 7.54 | 14.52 | 13.63 |
| Total Assets | 2.66 | 2.79 | 5.36 | 7.67 | 16.39 | 19.53 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.11 | 0.49 | 0.38 | -2.18 | -3.22 | 3.74 |
| Cash from Investing Activity | -0.03 | -0.06 | -0.04 | -0.05 | -1.85 | -4.45 |
| Cash from Financing Activity | -0.01 | -0.41 | -0.20 | 2.00 | 7.34 | -0.31 |
| Net Cash Flow | -0.15 | 0.03 | 0.15 | -0.24 | 2.27 | -1.02 |
| Free Cash Flow | -0.15 | 0.43 | 0.33 | -2.24 | -5.08 | -0.82 |
| CFO/OP | -28% | 91% | 50% | -120% | -110% | 156% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63.81 | 36.10 | 105.30 | 78.58 | 38.70 | 43.93 |
| Inventory Days | 128.88 | 181.96 | 93.69 | 196.37 | 369.45 | 257.74 |
| Days Payable | 108.26 | 99.06 | 126.18 | 53.72 | 32.27 | 54.72 |
| Cash Conversion Cycle | 84.43 | 119.00 | 72.81 | 221.23 | 375.88 | 246.95 |
| Working Capital Days | 41.85 | 52.14 | 57.28 | 139.46 | 230.51 | 151.93 |
| ROCE % | 55.56% | 84.76% | 41.38% | 22.69% | 15.72% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 71.35% | 71.35% | 71.35% | 71.35% |
| FIIs | 0.58% | 0.00% | 0.00% | 0.00% |
| Public | 28.07% | 28.65% | 28.65% | 28.65% |
| No. of Shareholders | 416 | 368 | 341 | 324 |
Fundamentals
Market Cap₹ 25.4 Cr.
Current Price₹ 57.2
Stock P/E15.3
Book Value₹ 35.0
ROCE15.7 %
ROE11.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)31%
Compounded Profit Growth (TTM)8%
Standalone figures.
Valuation
Market capRs 27 Cr
Enterprise valueRs 27 Cr
P/E (TTM)63.19x
Price to book26.02x
Price to sales4.86x
EV / EBITDA38.02x
EV / EBIT40.94x
EV / sales4.87x
Price to cash flow54.17x
Earnings yield1.58%
Profitability
Operating margin (excl. other income)12.64%
Operating margin (incl. other income)12.82%
EBITDA margin12.82%
Pre-tax margin10.26%
Net profit margin7.69%
ROE51.85%
ROCE55.56%
ROA15.41%
ROIC (approx.)43.66%
Tax rate26.79%
Other income / net worth0.98%
Growth
Sales growth (latest year)2.63%
Profit growth (latest year)281.82%
Per share
EPS (TTM)Rs 0.94
EPS (latest year)Rs 420.00
Book value per shareRs 2.29
Sales per shareRs 12.28
Cash flow per shareRs 1.10
Free cash flow per shareRs -1.84
Efficiency
Asset turnover1.96x
Fixed asset turnover42.00x
Inventory turnover2.03x
Inventory days180 days
Debtor days36 days
Debtors turnover10.11x
Creditor days55 days
Cash conversion cycle247 days
Working capital days152 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.20x
Net debt / EBITDA0.10x
Interest coverage7.22x
Owners' fund to total sources36.56%
Debt to assets7.17%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-0.14x
Sales to cash flow11.14x
Statement figures
Net sales (TTM)Rs 5 Cr
Net sales (latest year)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 5 Cr
Total income (latest year)Rs 5 Cr
Share capitalRs 0 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 1 Cr
Total assetsRs 3 Cr
Net blockRs 0 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.44
Ownership
Promoter holding71.35%
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 | BOSS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.7% | -2.8% | +2.1 pts |
| 1 month | +6.0% | -6.8% | +12.8 pts |
| 3 months | +54.1% | -7.6% | +61.7 pts |
| 6 months | +38.4% | +0.4% | +37.9 pts |
| 1 year | +20.6% | -9.9% | +30.5 pts |
Red flags
F-score 7 of 8| look | Inventory outrunning sales Inventory grew 35% vs sales +3% 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
Mar 2026Sales ₹10 Cr +7.5% vs Mar 2024.
Net profit ₹1 Cr +8.0%.
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded