Price
Financials
Standalone, Rs crore| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 97 | 101 | 121 | 108 | 121 | 104 | 145 |
| Expenses | 37 | 31 | 41 | 39 | 40 | 48 | 43 | 43 |
| Operating Profit | 68 | 66 | 60 | 82 | 68 | 73 | 60 | 102 |
| OPM % | 65% | 68% | 59% | 68% | 63% | 60% | 58% | 70% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 66 | 64 | 58 | 80 | 66 | 70 | 58 | 99 |
| Tax % | 24% | 26% | 28% | 24% | 26% | 25% | 29% | 24% |
| Net Profit | 50 | 48 | 42 | 61 | 49 | 53 | 41 | 76 |
| EPS in Rs | 2.51 | 2.40 | 2.09 | 3.06 | 2.44 | 2.65 | 2.07 | 3.79 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 96 | 120 | 164 | 203 | 318 | 404 | 454 | 478 |
| Expenses | 73 | 70 | 77 | 96 | 117 | 140 | 171 | 175 |
| Operating Profit | 23 | 50 | 88 | 107 | 201 | 264 | 283 | 303 |
| OPM % | 24% | 42% | 53% | 53% | 63% | 65% | 62% | 63% |
| Other Income | 10 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Interest | 0 | 0 | 2 | 0 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 4 | 1 | 5 | 5 | 7 | 8 |
| Profit before tax | 32 | 49 | 81 | 106 | 195 | 258 | 275 | 294 |
| Tax % | 27% | 26% | 26% | 26% | 23% | 26% | 26% | |
| Net Profit | 23 | 36 | 60 | 79 | 151 | 191 | 204 | 218 |
| EPS in Rs | 4.66 | 7.28 | 12.07 | 15.82 | 30.29 | 9.56 | 10.22 | 10.95 |
| Dividend Payout % | 21% | 27% | 33% | 16% | 25% | 26% | 39% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 30% | 31% | 13% | ||
| Compounded Profit Growth | % | 41% | 37% | 9% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 32% | 34% | 30% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 50 | 50 | 50 | 199 | 199 |
| Reserves | 145 | 176 | 222 | 279 | 405 | 401 | 546 |
| Borrowings | 0 | 0 | 19 | 17 | 17 | 16 | 18 |
| Other Liabilities | 23 | 22 | 24 | 32 | 46 | 58 | 55 |
| Total Liabilities | 217 | 248 | 316 | 378 | 517 | 674 | 819 |
| Fixed Assets | 3 | 2 | 20 | 18 | 17 | 16 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 190 | 223 | 272 | 330 | 457 | 604 | 735 |
| Other Assets | 25 | 23 | 24 | 30 | 43 | 51 | 60 |
| Total Assets | 217 | 248 | 316 | 378 | 517 | 674 | 819 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 21 | 30 | 53 | 68 | 107 | 159 | 172 |
| Cash from Investing Activity | -13 | -26 | -33 | -46 | -81 | -113 | -108 |
| Cash from Financing Activity | -7 | -5 | -20 | -22 | -26 | -48 | -62 |
| Net Cash Flow | 1 | -1 | 0 | -1 | 0 | -2 | 2 |
| Free Cash Flow | 20 | 29 | 52 | 66 | 106 | 155 | 166 |
| CFO/OP | 124% | 84% | 83% | 88% | 75% | 85% | 86% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 46 | 38 | 42 | 40 | 38 | 36 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 43 | 46 | 38 | 42 | 40 | 38 | 36 |
| Working Capital Days | -11 | -13 | -5 | -4 | -2 | -1 | 6 |
| ROCE % | 23% | 32% | 33% | 48% | 48% | 40% |
| Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% |
| FIIs | 1.38% | 1.72% | 1.28% |
| DIIs | 12.49% | 10.18% | 9.35% |
| Public | 11.13% | 13.09% | 14.38% |
| No. of Shareholders | 1,50,346 | 1,66,900 | 1,67,479 |
Fundamentals
Market Cap₹ 4,449 Cr.
Current Price₹ 224
Stock P/E20.4
Book Value₹ 37.4
ROCE40.1 %
ROE30.3 %
Dividend Yield1.79 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)9%
Standalone figures.
Valuation
Market capRs 4,309 Cr
Enterprise valueRs 4,325 Cr
P/E (TTM)21.11x
Price to book13.12x
Price to sales9.56x
EV / EBITDA15.26x
EV / EBIT15.64x
EV / sales9.59x
Price to cash flow63.52x
Earnings yield4.74%
Dividend yield0.29%
Profitability
Operating margin (excl. other income)52.68%
Operating margin (incl. other income)52.72%
EBITDA margin62.87%
Pre-tax margin60.94%
Net profit margin45.29%
Net margin, latest quarter43.48%
ROE26.25%
ROCE33.23%
ROA22.73%
ROE, 3-year average22.55%
ROCE, 3-year average29.54%
ROA, 3-year average19.88%
ROIC (approx.)59.82%
Tax rate25.50%
Other income / net worth0.02%
Growth
Sales growth (latest year)23.41%
Profit growth (latest year)31.07%
Sales CAGR, 3 years28.21%
Profit CAGR, 3 years50.26%
Sales growth QoQ12.70%
Profit growth QoQ8.29%
Sales growth YoY (latest quarter)25.56%
Profit growth YoY (latest quarter)10.22%
Per share
EPS (TTM)Rs 10.26
EPS (latest year)Rs 15.82
EPS (latest quarter)Rs 2.65
EPS, 3-year averageRs 11.72
Book value per shareRs 16.51
Sales per shareRs 22.65
Cash flow per shareRs 3.41
Free cash flow per shareRs 8.34
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 2.83
Dividends
Dividend payout15.80%
Dividend payout, 3-year average25.47%
Efficiency
Asset turnover0.54x
Fixed asset turnover10.97x
Debtor days42 days
Debtors turnover8.66x
Cash conversion cycle36 days
Working capital days6 days
Leverage
Total debtRs 17 Cr
Cash and bankRs 1 Cr
Net debtRs 16 Cr
Debt to equity0.05x
Net debt / EBITDA0.06x
Interest coverage146.35x
Current ratio (filing 2026-03-31)3.87x
Quick ratio (filing 2026-03-31)3.87x
Trade payables (filing 2026-03-31)Rs 0 Cr
Owners' fund to total sources86.92%
Debt to assets4.57%
Cash flow
Cash from Operating Activity (latest year)Rs 68 Cr
Cash from Investing Activity (latest year)Rs -46 Cr
Cash from Financing Activity (latest year)Rs -22 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 166 Cr
FCFE (approx.: FCF + change in debt)Rs 164 Cr
Cash from ops / profit, 5 years0.82x
Sales to cash flow2.99x
Statement figures
Net sales (TTM)Rs 451 Cr
Net sales (latest year)Rs 203 Cr
Sales (latest quarter)Rs 121 Cr
Operating profit excl. other income (latest year)Rs 107 Cr
Operating profit (latest quarter)Rs 73 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 283 Cr
PBDT (TTM)Rs 282 Cr
Profit before tax (TTM)Rs 275 Cr
Tax (latest year)Rs 27 Cr
Net profit (TTM)Rs 204 Cr
Net profit (latest year)Rs 79 Cr
Net profit (latest quarter)Rs 53 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 96 Cr
Total income (latest year)Rs 203 Cr
Share capitalRs 50 Cr
ReservesRs 279 Cr
Shareholders' fundsRs 329 Cr
Total assetsRs 378 Cr
Net blockRs 18 Cr
InvestmentsRs 330 Cr
ReceivablesRs 23 Cr
Other liabilitiesRs 32 Cr
Shares outstanding (crore)19.90
Ownership
Promoter holding75.00%
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 | CRAMC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.4% | -2.8% | -2.6 pts |
| 1 month | -15.2% | -6.8% | -8.4 pts |
| 3 months | -15.3% | -7.6% | -7.7 pts |
| 6 months | -0.3% | +0.4% | -0.7 pts |
29 mutual fund schemes hold about ₹445 Cr.
Over three months 26 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.16% | 133 | +18% |
| SBI PSU Fund | 1.38% | 92 | +24% |
| Aditya Birla SL PSU Equity Fund | 0.71% | 43 | +23% |
| Abakkus Small Cap Fund | 1.28% | 36 | +16% |
| Edelweiss Recently Listed IPO Fund | 2.50% | 31 | +9% |
| HSBC Aggressive Hybrid Fund | 0.41% | 24 | +20% |
| HSBC Business Cycles Fund | 1.33% | 16 | +19% |
| HSBC Financial Services Fund | 1.26% | 12 | +19% |
| Aditya Birla SL Banking & Financial Services Fund | 0.28% | 10 | -28% |
| ICICI Pru Banking & Fin Serv Fund | 0.08% | 9 | +21% |
| ICICI Pru Banking & Fin Serv Fund | 0.08% | 9 | +21% |
| Aditya Birla SL Small Cap Fund | 0.10% | 6 | -66% |
| Navi Flexi Cap Fund(Q | 1.64% | 5 | +17% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.14% | 3 | +16% |
| Shriram Multi Sector Rotation Fund | 2.01% | 3 | +31% |
| Navi Large & Midcap Fund | 0.94% | 3 | +22% |
| Shriram Flexi Cap Fund | 1.38% | 2 | +107% |
| Arudha Equity Long-Short Fund | 1.61% | 2 | +15% |
| Navi Aggressive Hybrid Fund | 1.43% | 2 | +20% |
| Shriram Multi Asset Allocation Fund | 0.75% | 1 | +18% |
| Shriram ELSS Tax Saver Fund | 1.34% | 1 | +98% |
| Shriram Aggressive Hybrid Fund | 0.75% | 0 | +20% |
| Shriram Balanced Advantage Fund | 0.80% | 0 | +24% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +18% |
| DSP Banking & Financial Services Fund | 0.00% | 0 | -100% |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
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 ₹145 Cr +19.8% vs Jun 2025.
Net profit ₹76 Cr +24.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| ICICI Prudential Asset Management Co Ltd | 159,794 | 45.8 | 115 % |
| SBI Funds Management Ltd | 105,467 | 34.0 | 56.5 % |
| HDFC Asset Management Company Ltd | 95,396 | 32.3 | 42.9 % |
| Nippon Life India Asset Management Ltd | 68,356 | 41.8 | 43.8 % |
| Aditya Birla Sun Life AMC Ltd | 27,661 | 27.4 | 32.2 % |
| UTI Asset Management Company Ltd | 11,281 | 21.1 | 15.6 % |
| Gaja Alternative Asset Management Ltd | 1,980 | 23.0 | 17.0 % |
| Shriram Asset Management Co Ltd | 446 | -18.8 % | |
| IL&FS Investment Managers Ltd | 242 | 59.4 | 4.11 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-16 | Dividend - Rs 2.50 Per Share | |
| 2025-12-22 | Interim Dividend - Rs 1.50 Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Concall / analyst meet | Intimation under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ... |
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.
Not on any NSE surveillance list in the latest file.