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 | 3.15 | 3.11 | 4.12 | 1.27 | 2.61 | 2.80 | 1.51 | 5.32 | 5.22 | 8.60 | 7.76 | 6.09 |
| Expenses | 3.17 | 3.20 | 4.20 | 1.29 | 2.55 | 6.11 | 1.93 | 6.32 | 10.12 | 8.35 | 18.35 | 6.34 |
| Operating Profit | -0.02 | -0.09 | -0.08 | -0.02 | 0.06 | -3.31 | -0.42 | -1.00 | -4.90 | 0.25 | -10.59 | -0.25 |
| OPM % | -0.63% | -2.89% | -1.94% | -1.57% | 2.30% | -118.21% | -27.81% | -18.80% | -93.87% | 2.91% | -136.47% | -4.11% |
| Other Income | 5.35 | 0.70 | 3.28 | 4.93 | 3.39 | 0.63 | 2.56 | 1.45 | 0.91 | 2.85 | 0.60 | 3.98 |
| Interest | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.03 | 0.00 | 0.03 |
| 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 | 5.33 | 0.60 | 3.20 | 4.91 | 3.45 | -2.69 | 2.12 | 0.45 | -3.99 | 3.07 | -9.99 | 3.70 |
| Tax % | 1.13% | 10.00% | 3.12% | 6.72% | 3.19% | 0.37% | 2.36% | 33.33% | 6.52% | 1.63% | 3.00% | 2.16% |
| Net Profit | 5.26 | 0.54 | 3.10 | 4.58 | 3.34 | -2.71 | 2.08 | 0.31 | -4.26 | 3.02 | -10.29 | 3.62 |
| EPS in Rs | 0.90 | 0.09 | 0.53 | 0.78 | 0.57 | -0.46 | 0.36 | 0.05 | -0.73 | 0.52 | -1.76 | 0.62 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.79 | 1.96 | 6.52 | 19.46 | 12.50 | 14.32 | 8.18 | 26.91 | 27.67 |
| Expenses | 0.18 | 0.49 | 0.23 | 1.08 | 6.40 | 6.51 | 18.62 | 17.66 | 14.28 | 9.61 | 40.62 | 43.16 |
| Operating Profit | -0.18 | -0.49 | -0.23 | -0.29 | -4.44 | 0.01 | 0.84 | -5.16 | 0.04 | -1.43 | -13.71 | -15.49 |
| OPM % | -36.71% | -226.53% | 0.15% | 4.32% | -41.28% | 0.28% | -17.48% | -50.95% | -55.98% | |||
| Other Income | 0.75 | 0.69 | 10.12 | 11.68 | 0.75 | 8.21 | 16.76 | 1.68 | 13.20 | 9.26 | 3.29 | 8.34 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.01 | 0.01 | 0.03 | 0.03 | 0.06 |
| 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 | 0.57 | 0.20 | 9.89 | 11.39 | -3.69 | 8.22 | 17.57 | -3.49 | 13.23 | 7.80 | -10.45 | -7.21 |
| Tax % | 33.33% | 30.00% | 1.31% | 0.61% | 1.36% | 2.92% | 1.31% | 16.33% | 2.72% | 6.41% | 7.37% | |
| Net Profit | 3.75 | 2.01 | 9.76 | 11.32 | -3.74 | 7.99 | 17.34 | -4.07 | 12.88 | 7.30 | -11.22 | -7.91 |
| EPS in Rs | 0.64 | 0.34 | 1.67 | 1.94 | -0.64 | 1.37 | 2.97 | -0.70 | 2.21 | 1.25 | -1.92 | -1.35 |
| 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 | % | 33% | 29% | 126% | ||
| Compounded Profit Growth | % | % | % | -362% | ||
| Stock Price CAGR | 17% | 22% | 15% | -3% | ||
| Return on Equity | 3% | 3% | 2% | -7% |
| 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 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 |
| Reserves | 101.62 | 104.67 | 108.04 | 117.11 | 128.39 | 124.28 | 132.79 | 150.34 | 146.15 | 159.14 | 166.84 | 155.29 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.03 | 0.07 | 0.02 | 0.03 | 1.49 | 0.13 | 0.39 | 0.85 | 1.84 | 1.22 | 0.60 | 1.24 |
| Total Liabilities | 107.49 | 110.58 | 113.90 | 122.98 | 135.72 | 130.25 | 139.02 | 157.11 | 153.83 | 166.20 | 173.28 | 162.37 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 98.85 | 101.52 | 103.43 | 113.29 | 126.09 | 129.39 | 136.93 | 153.62 | 151.73 | 164.23 | 168.60 | 151.33 |
| Other Assets | 8.64 | 9.06 | 10.47 | 9.64 | 9.63 | 0.86 | 2.09 | 3.48 | 2.10 | 1.97 | 4.68 | 11.04 |
| Total Assets | 107.49 | 110.58 | 113.90 | 122.98 | 135.72 | 130.25 | 139.02 | 157.11 | 153.83 | 166.20 | 173.28 | 162.37 |
| 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 | -0.39 | -0.31 | 0.87 | -0.33 | -0.69 | 0.06 | 0.01 | -0.52 | 3.85 | -0.47 | -0.20 | -1.78 |
| Cash from Investing Activity | -0.96 | 0.30 | 0.47 | 0.31 | 0.70 | 0.08 | -0.13 | 0.47 | -3.28 | 0.26 | 0.65 | 2.90 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | -0.09 | -0.01 | -0.03 | -0.03 |
| Net Cash Flow | -1.35 | -0.01 | 1.34 | -0.01 | 0.01 | 0.14 | -0.12 | 0.00 | 0.47 | -0.22 | 0.42 | 1.09 |
| Free Cash Flow | -0.39 | -0.31 | 0.87 | -0.38 | -0.64 | 0.06 | 0.01 | -0.53 | 3.85 | -0.47 | -0.20 | -1.78 |
| CFO/OP | 35% | 94% | -210% | 78% | 203% | -1% | 1,400% | -33% | -83% | -575% | -17% | 6% |
| 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 | 365.00 | 0.00 | 3.92 | 17.44 | 4.09 | 15.80 | 0.00 | 85.32 | ||||
| Inventory Days | 392.72 | 0.00 | 66.88 | 46.77 | 33.11 | 14.95 | 63.84 | 18.14 | ||||
| Days Payable | 586.77 | 0.96 | 1.43 | 29.22 | 24.33 | 9.76 | 0.17 | |||||
| Cash Conversion Cycle | 170.95 | 0.00 | 69.85 | 62.78 | 7.98 | 6.42 | 54.07 | 103.28 | ||||
| Working Capital Days | 254.11 | 48.42 | 35.27 | 39.95 | -11.97 | 15.04 | 129.40 | 100.37 | ||||
| ROCE % | 0.52% | 0.18% | 8.35% | 8.76% | -3.09% | 5.48% | 11.62% | -2.60% | 8.28% | 4.40% | -6.67% |
| 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 | 71.26% | 71.26% | 71.26% | 71.26% | 71.26% | 72.17% | 72.94% | 73.19% | 73.19% | 73.54% | 73.54% | 73.71% |
| DIIs | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% |
| Public | 28.58% | 28.58% | 28.58% | 28.58% | 28.59% | 27.69% | 26.91% | 26.66% | 26.66% | 26.32% | 26.32% | 26.14% |
| No. of Shareholders | 12,193 | 11,512 | 11,347 | 11,540 | 11,969 | 12,000 | 11,831 | 11,688 | 11,604 | 11,462 | 11,283 | 11,825 |
Fundamentals
Market Cap₹ 225 Cr.
Current Price₹ 40.0
Book Value₹ 27.6
ROCE-6.67 %
ROE-7.18 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)126%
Compounded Profit Growth (TTM)-362%
Consolidated figures.
Valuation
Market capRs 231 Cr
Enterprise valueRs 228 Cr
Price to book1.43x
Price to sales8.33x
EV / sales8.25x
Earnings yield-3.43%
P/E, 3-year average24.87x
P/B, 3-year average1.29x
P/E, 5-year average18.57x
P/B, 5-year average1.00x
Profitability
Operating margin (excl. other income)-50.95%
Operating margin (incl. other income)-38.72%
EBITDA margin-25.95%
Pre-tax margin-26.06%
Net profit margin-28.59%
Net margin, latest quarter59.44%
ROE-6.72%
ROCE-6.24%
ROA-6.69%
ROE, 3-year average1.91%
ROCE, 3-year average2.25%
ROA, 3-year average1.89%
ROE, 5-year average2.97%
ROCE, 5-year average3.29%
ROA, 5-year average2.95%
ROIC (approx.)-4.86%
Tax rate-7.37%
Other income / net worth2.04%
Growth
Sales growth (latest year)228.97%
Profit growth (latest year)-253.70%
Sales CAGR, 3 years29.12%
Sales CAGR, 5 years32.78%
Sales growth QoQ-21.52%
Sales growth YoY (latest quarter)14.47%
Profit growth YoY (latest quarter)1067.74%
Per share
EPS (TTM)Rs -1.36
EPS (latest year)Rs -1.92
EPS (latest quarter)Rs 0.62
EPS, 3-year averageRs 0.51
EPS, 5-year averageRs 0.76
Book value per shareRs 27.60
Sales per shareRs 4.74
Cash flow per shareRs -0.30
Free cash flow per shareRs -0.30
Efficiency
Asset turnover0.17x
Inventory turnover22.48x
Inventory days16 days
Debtor days85 days
Debtors turnover4.28x
Creditor days0 days
Cash conversion cycle103 days
Working capital days100 days
Leverage
Cash and bankRs 2 Cr
Net debtRs -2 Cr
Interest coverage-239.33x
Owners' fund to total sources99.24%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -2 Cr
Cash from ops / profit, 5 years0.04x
Statement figures
Net sales (TTM)Rs 28 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs -14 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs -7 Cr
PBDT (TTM)Rs -7 Cr
Profit before tax (TTM)Rs -7 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -8 Cr
Net profit (latest year)Rs -11 Cr
Net profit (latest quarter)Rs 4 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 41 Cr
Total income (latest year)Rs 30 Cr
Share capitalRs 6 Cr
ReservesRs 155 Cr
Shareholders' fundsRs 161 Cr
Total assetsRs 162 Cr
InvestmentsRs 151 Cr
ReceivablesRs 6 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)5.84
Ownership
Promoter holding73.71% (+0.52 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.43 is at the 77th percentile (median 0.64).
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 | BTTL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.3% | -2.8% | +4.1 pts |
| 1 month | -8.5% | -6.8% | -1.8 pts |
| 3 months | -20.8% | -7.6% | -13.2 pts |
| 3 years | +49.0% | +14.2% | +34.8 pts |
| 5 years | +171.1% | +27.9% | +143.2 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -27% of net profit over the last 3 years |
| 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 ₹6 Cr +14.5% vs Jun 2025.
Net profit ₹4 Cr +1067.7%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| PDS Ltd | 4,944 | 42.1 | 12.5 % |
| Aarnav Fashions Ltd | 150 | 16.4 | 7.57 % |
| SPL Industries Ltd | 89 | 10.8 | 1.78 % |
| Anand Rayons Ltd | 77 | 7.10 | 10.4 % |
| Vivaa Tradecom Ltd | 52 | 59.1 | 5.22 % |
| Heads UP Ventures Ltd | 14 | 1.57 % | |
| Sanblue Corporation Ltd | 14 | 66.9 | 0.41 % |
| Globale Tessile Ltd | 12 | -3.65 % | |
| Nivaka Fashions Ltd | 8 | -59.2 % | |
| Svarnim Trade Udyog Ltd | 3 | % |
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 days