Price
Financials
Consolidated, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 14.32 | 13.34 | 12.85 | 14.18 | 12.73 | 11.69 | 13.39 |
| Expenses | 16.41 | 13.60 | 15.07 | 16.98 | 14.77 | 13.06 | 15.34 |
| Operating Profit | -2.09 | -0.26 | -2.22 | -2.80 | -2.04 | -1.37 | -1.95 |
| OPM % | -14.59% | -1.95% | -17.28% | -19.75% | -16.03% | -11.72% | -14.56% |
| Other Income | 1.91 | 1.07 | 0.15 | 0.68 | 0.15 | 0.22 | 1.12 |
| Interest | 0.06 | 0.10 | 0.08 | 0.04 | 0.02 | 0.00 | 0.00 |
| Depreciation | 0.08 | 0.07 | 0.07 | 0.05 | 0.05 | 0.03 | 0.03 |
| Profit before tax | -0.32 | 0.64 | -2.22 | -2.21 | -1.96 | -1.18 | -0.86 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.45% | -0.51% | 0.00% | 0.00% |
| Net Profit | -0.32 | 0.64 | -2.22 | -2.22 | -1.95 | -1.18 | -0.85 |
| EPS in Rs | -2.58 | 0.41 | -1.03 | -1.03 | -0.91 | -0.55 | -0.40 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 13.80 | 31.23 | 33.44 | 26.71 | 27.11 | 25.08 |
| Expenses | 14.00 | 29.12 | 33.54 | 28.72 | 31.73 | 28.40 |
| Operating Profit | -0.20 | 2.11 | -0.10 | -2.01 | -4.62 | -3.32 |
| OPM % | -1.45% | 6.76% | -0.30% | -7.53% | -17.04% | -13.24% |
| Other Income | 0.68 | 1.53 | 2.89 | 0.78 | 0.63 | 1.34 |
| Interest | 0.47 | 0.82 | 0.84 | 0.21 | 0.08 | 0.00 |
| Depreciation | 0.04 | 0.10 | 0.17 | 0.14 | 0.10 | 0.06 |
| Profit before tax | -0.03 | 2.72 | 1.78 | -1.58 | -4.17 | -2.04 |
| Tax % | -866.67% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.23 | 2.62 | 1.78 | -1.58 | -4.16 | -2.02 |
| EPS in Rs | 1.86 | 21.16 | 14.37 | -0.74 | -1.94 | -0.94 |
| 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 | % | 13% | -9% | -7% | ||
| Compounded Profit Growth | % | % | % | 56% | ||
| Stock Price CAGR | % | % | % | 35% | ||
| Return on Equity | % | % | -41% | -36% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.12 | 0.12 | 0.12 | 2.14 | 2.14 | 2.14 |
| Reserves | -2.51 | 0.20 | 1.92 | 8.31 | 4.04 | 1.83 |
| Borrowings | 2.01 | 0.94 | 2.77 | 1.38 | 0.70 | 0.55 |
| Other Liabilities | 9.15 | 14.47 | 10.86 | 7.43 | 6.53 | 7.31 |
| Total Liabilities | 8.77 | 15.73 | 15.67 | 19.26 | 13.41 | 11.83 |
| Fixed Assets | 0.16 | 0.28 | 0.44 | 0.35 | 0.27 | 0.25 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 5.23 | 3.73 | 3.74 |
| Other Assets | 8.61 | 15.45 | 15.23 | 13.68 | 9.41 | 7.84 |
| Total Assets | 8.77 | 15.73 | 15.67 | 19.26 | 13.41 | 11.83 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.70 | 3.17 | -0.76 | -4.00 | -1.85 | -0.33 |
| Cash from Investing Activity | 0.03 | -0.17 | -0.48 | -5.58 | 1.59 | -0.15 |
| Cash from Financing Activity | 1.33 | -1.11 | -0.07 | 10.23 | 0.86 | -0.16 |
| Net Cash Flow | 0.66 | 1.90 | -1.32 | 0.65 | 0.59 | -0.64 |
| Free Cash Flow | -0.72 | 2.95 | -1.09 | -4.04 | -1.87 | -0.37 |
| CFO/OP | 350% | 150% | 760% | 196% | 39% | 10% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 18.78 | 6.78 | 13.97 | 5.06 | 4.31 | 1.60 |
| Inventory Days | 253.68 | 359.90 | 256.55 | 348.55 | 120.14 | 95.94 |
| Days Payable | 267.17 | 230.57 | 156.78 | 165.10 | 101.85 | 76.13 |
| Cash Conversion Cycle | 5.29 | 136.10 | 113.74 | 188.51 | 22.60 | 21.42 |
| Working Capital Days | -98.39 | -17.30 | -3.27 | 7.65 | -30.97 | -1.60 |
| ROCE % | 804.55% | 86.33% | -22.60% | -43.72% | -32.63% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 33.28% | 33.28% | 34.23% | 33.28% | 33.28% | 33.28% | 33.28% | 33.28% | 33.28% | 37.53% | 38.61% |
| FIIs | 10.79% | 10.12% | 10.41% | 12.85% | 12.85% | 12.85% | 12.85% | 2.75% | 0.00% | 0.00% | 0.00% |
| DIIs | 10.99% | 10.21% | 6.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 42.15% | 43.60% | 48.73% | 51.08% | 51.08% | 51.08% | 51.08% | 61.19% | 63.93% | 59.68% | 58.60% |
| Others | 0.00% | 0.00% | 0.00% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
| No. of Shareholders | 291 | 328 | 382 | 398 | 423 | 437 | 431 | 509 | 503 | 476 | 456 |
Fundamentals
Market Cap₹ 11.5 Cr.
Current Price₹ 5.35
Book Value₹ 1.85
ROCE-32.6 %
ROE-36.3 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-7%
Compounded Profit Growth (TTM)56%
Consolidated figures.
Valuation
Market capRs 12 Cr
Enterprise valueRs 9 Cr
P/E (TTM)4.46x
Price to book36.55x
Price to sales0.37x
EV / EBITDA2.57x
EV / EBIT2.64x
EV / sales0.30x
Price to cash flow3.69x
Earnings yield22.40%
Profitability
Operating margin (excl. other income)6.76%
Operating margin (incl. other income)11.66%
EBITDA margin11.66%
Pre-tax margin8.71%
Net profit margin8.39%
ROE-253.14%
ROCE804.55%
ROA21.39%
Tax rate3.68%
Other income / net worth478.12%
Growth
Sales growth (latest year)126.30%
Profit growth (latest year)1039.13%
Per share
EPS (TTM)Rs 1.22
EPS (latest year)Rs 21.83
Book value per shareRs 0.15
Sales per shareRs 14.55
Cash flow per shareRs 1.48
Free cash flow per shareRs -0.17
Efficiency
Asset turnover1.99x
Fixed asset turnover111.54x
Inventory turnover1.03x
Inventory days354 days
Debtor days7 days
Debtors turnover53.84x
Creditor days76 days
Cash conversion cycle21 days
Working capital days-2 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 3 Cr
Net debtRs -2 Cr
Debt to equity2.94x
Net debt / EBITDA-0.64x
Interest coverage4.32x
Owners' fund to total sources2.03%
Debt to assets5.98%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Sales to cash flow9.85x
Statement figures
Net sales (TTM)Rs 31 Cr
Net sales (latest year)Rs 31 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 29 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 0 Cr
ReservesRs 0 Cr
Shareholders' fundsRs 0 Cr
Total assetsRs 16 Cr
Net blockRs 0 Cr
ReceivablesRs 1 Cr
InventoryRs 8 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)2.15
Ownership
Promoter holding38.61% (+5.33 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | CBAZAAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +9.0% | -2.8% | +11.8 pts |
| 1 month | -16.8% | -6.8% | -10.0 pts |
| 3 months | +13.5% | -7.6% | +21.2 pts |
| 6 months | +23.9% | +0.4% | +23.5 pts |
| 1 year | -9.2% | -9.9% | +0.8 pts |
| 2 years | -80.6% | -13.6% | -67.0 pts |
Red flags
F-score 8 of 8| look | Profit leans on other income Other income was 56% of pre-tax profit in 2026 |
| 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
Mar 2026Sales ₹13 Cr +4.2% vs Mar 2024.
Net loss ₹1 Cr.
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.
EPS in the scrip is zero (4 trailing quarters)GSM: stage 1Less than 100 unique PAN traded in previous 30 daysLoss makingSME scrip is not regularly traded