Price
Financials
Standalone, Rs crore| Jun 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Sales | 29.59 | 76.81 | 55.99 |
| Expenses | 26.17 | 65.59 | 53.27 |
| Operating Profit | 3.42 | 11.22 | 2.72 |
| OPM % | 11.56% | 14.61% | 4.86% |
| Other Income | 0.03 | 2.13 | 3.34 |
| Interest | 1.03 | 1.19 | 1.28 |
| Depreciation | 0.61 | 0.70 | 1.06 |
| Profit before tax | 1.81 | 11.46 | 3.72 |
| Tax % | 29.83% | 28.62% | 26.08% |
| Net Profit | 1.26 | 8.19 | 2.75 |
| EPS in Rs | 0.44 | 2.83 | 0.95 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 30 | 20 | 47 | 67 | 91 | 123 | 185 |
| Expenses | 26 | 15 | 41 | 59 | 80 | 109 | 162 |
| Operating Profit | 5 | 5 | 7 | 8 | 11 | 14 | 22 |
| OPM % | 15% | 24% | 14% | 12% | 12% | 11% | 12% |
| Other Income | 0 | 0 | 0 | 0 | -1 | 2 | 2 |
| Interest | 3 | 3 | 3 | 3 | 4 | 4 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -1 | 0 | 1 | 3 | 4 | 10 | 18 |
| Tax % | 83% | 1,125% | 35% | 9% | 3% | 25% | 28% |
| Net Profit | -1 | -1 | 1 | 3 | 4 | 8 | 13 |
| EPS in Rs | -36.00 | -27.67 | 27.00 | 1.22 | 1.85 | 2.60 | 4.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 57% | 40% | 51% | ||
| Compounded Profit Growth | % | 77% | 70% | 71% | ||
| Stock Price CAGR | % | % | % | 81% | ||
| Return on Equity | % | 17% | 17% | 15% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 12 | 12 | 17 | 29 |
| Reserves | 12 | 11 | 12 | 4 | 9 | 41 | 88 |
| Borrowings | 32 | 37 | 39 | 37 | 61 | 46 | 40 |
| Other Liabilities | 13 | 9 | 20 | 24 | 23 | 11 | 18 |
| Total Liabilities | 58 | 58 | 72 | 78 | 106 | 115 | 175 |
| Fixed Assets | 26 | 24 | 22 | 20 | 20 | 18 | 29 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 31 | 33 | 50 | 57 | 85 | 96 | 146 |
| Total Assets | 58 | 58 | 72 | 78 | 106 | 115 | 175 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | 2 | 4 | -17 | -7 | -12 | |
| Cash from Investing Activity | -0 | -0 | -0 | -4 | -4 | -13 | |
| Cash from Financing Activity | 3 | -1 | -4 | 21 | 10 | 40 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | 14 | |
| Free Cash Flow | -3 | 2 | 4 | -20 | -7 | -25 | |
| CFO/OP | -63% | 23% | 52% | -150% | -38% | -43% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 95 | 125 | 87 | 121 | 104 | 127 |
| Inventory Days | 277 | 759 | 300 | 266 | 253 | 186 | 105 |
| Days Payable | 215 | 196 | 178 | 144 | 110 | 31 | 23 |
| Cash Conversion Cycle | 137 | 658 | 247 | 209 | 264 | 260 | 209 |
| Working Capital Days | -2 | 241 | 70 | 73 | 81 | 122 | 145 |
| ROCE % | 6% | 9% | 12% | 13% | 15% | 17% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Promoters | 60.38% | 60.39% | 60.57% | 51.45% | 51.45% |
| FIIs | 1.24% | 0.07% | 0.07% | 0.85% | 0.92% |
| DIIs | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 38.27% | 39.54% | 39.36% | 47.71% | 47.64% |
| No. of Shareholders | 1,683 | 1,460 | 1,378 | 1,488 | 1,673 |
Fundamentals
Market Cap₹ 197 Cr.
Current Price₹ 68.2
Stock P/E13.8
Book Value₹ 40.3
ROCE17.2 %
ROE14.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)51%
Compounded Profit Growth (TTM)71%
Standalone figures.
Valuation
Market capRs 189 Cr
Enterprise valueRs 225 Cr
P/E (TTM)71.78x
Price to book11.30x
Price to sales2.83x
EV / EBITDA28.37x
EV / EBIT35.61x
EV / sales3.37x
Price to cash flow49.29x
Earnings yield1.39%
Profitability
Operating margin (excl. other income)11.73%
Operating margin (incl. other income)11.88%
EBITDA margin11.88%
Pre-tax margin4.31%
Net profit margin3.95%
ROE18.09%
ROCE11.99%
ROA3.51%
ROE, 3-year average5.97%
ROCE, 3-year average8.84%
ROA, 3-year average1.11%
ROIC (approx.)10.95%
Tax rate8.71%
Other income / net worth0.60%
Growth
Sales growth (latest year)40.79%
Profit growth (latest year)224.69%
Sales CAGR, 3 years29.95%
Per share
EPS (TTM)Rs 0.91
EPS (latest year)Rs 2.12
EPS, 3-year averageRs 0.26
Book value per shareRs 5.77
Sales per shareRs 23.04
Cash flow per shareRs 1.32
Free cash flow per shareRs -8.64
Efficiency
Asset turnover0.86x
Fixed asset turnover3.26x
Inventory turnover1.44x
Inventory days254 days
Debtor days87 days
Debtors turnover4.20x
Creditor days23 days
Cash conversion cycle209 days
Working capital days145 days
Leverage
Total debtRs 37 Cr
Cash and bankRs 1 Cr
Net debtRs 36 Cr
Debt to equity2.21x
Net debt / EBITDA4.54x
Interest coverage1.83x
Owners' fund to total sources21.46%
Debt to assets47.43%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -25 Cr
FCFE (approx.: FCF + change in debt)Rs -27 Cr
Cash from ops / profit, 5 years-1.03x
Sales to cash flow17.40x
Statement figures
Net sales (TTM)Rs 67 Cr
Net sales (latest year)Rs 67 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 4 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 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 55 Cr
Total expenditure (latest year)Rs 59 Cr
Total income (latest year)Rs 67 Cr
Share capitalRs 12 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 17 Cr
Total assetsRs 78 Cr
Net blockRs 20 Cr
ReceivablesRs 16 Cr
InventoryRs 38 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)2.89
Ownership
Promoter holding51.45% (-8.93 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 11.30 is at the 52th percentile (median 11.29).
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 | DURLAX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +7.8% | -2.8% | +10.5 pts |
| 1 month | +3.5% | -6.8% | +10.3 pts |
| 3 months | +30.4% | -7.6% | +38.0 pts |
| 6 months | +35.8% | +0.4% | +35.4 pts |
| 1 year | +64.8% | -9.9% | +74.7 pts |
| 2 years | -0.1% | -13.6% | +13.5 pts |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 7100% in a year, 7100% in three |
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
No quarterly results published.
Activity
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| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-09-30 | Hi Growth Corporate Services Pvt Ltd | SELL | 290,000 | 66.83 |
| 2026-09-30 | Hi Growth Corporate Services Pvt Ltd | BUY | 294,000 | 65.80 |
| 2026-09-30 | Harshil Hitesh Doshi | SELL | 842,000 | 65.72 |
| 2026-09-30 | Harshil Hitesh Doshi | BUY | 752,000 | 66.86 |
| 2026-09-30 | Anchal Bansal | SELL | 164,000 | 66.74 |
| 2026-09-30 | Anchal Bansal | BUY | 164,000 | 65.54 |
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.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Durlax Top Surface Ltd?
Durlax Top Surface Ltd (DURLAX) has a market capitalisation of Rs 197 Cr. at the 2026-10-01 close.
What is the P/E ratio of Durlax Top Surface Ltd?
Durlax Top Surface Ltd trades at a P/E of 13.8 on trailing twelve-month profit, at the 2026-10-01 close.
What is the 52-week high and low of Durlax Top Surface Ltd?
The 52-week high is Rs 72.00 and the 52-week low is Rs 28.03.