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 | 2,156 | 2,398 | 2,926 | 2,293 | 2,795 | 1,898 | 2,280 | 2,246 | 1,861 | 4,400 | 1,918 | 2,328 |
| Expenses | 1,366 | 1,566 | 2,058 | 1,497 | 1,814 | 1,168 | 1,553 | 1,449 | 1,255 | 3,202 | 1,420 | 1,736 |
| Operating Profit | 790 | 832 | 869 | 796 | 981 | 730 | 727 | 797 | 606 | 1,198 | 498 | 593 |
| OPM % | 37% | 35% | 30% | 35% | 35% | 38% | 32% | 35% | 33% | 27% | 26% | 25% |
| Other Income | 9 | 17 | 100 | 43 | 47 | 99 | 63 | 35 | 39 | 221 | 69 | 124 |
| Interest | 662 | 727 | 718 | 701 | 673 | 613 | 550 | 686 | 655 | 589 | 561 | 558 |
| Depreciation | 31 | 32 | 33 | 34 | 36 | 34 | 43 | 36 | 36 | 37 | 35 | 36 |
| Profit before tax | 106 | 89 | 218 | 105 | 319 | 181 | 196 | 110 | -46 | 792 | -29 | 123 |
| Tax % | 11% | -71% | 7% | 19% | 57% | 14% | 19% | 7% | -479% | 66% | -555% | -10% |
| Net Profit | 95 | 152 | 203 | 85 | 137 | 155 | 158 | 103 | 175 | 270 | 132 | 134 |
| EPS in Rs | 0.81 | 1.33 | 1.79 | 0.62 | 1.17 | 1.32 | 1.11 | 0.71 | 1.36 | 2.79 | 0.93 | 1.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,256 | 6,604 | 8,878 | 11,078 | 9,513 | 10,775 | 7,151 | 8,500 | 9,523 | 9,393 | 10,802 | 10,508 |
| Expenses | 1,987 | 2,759 | 3,592 | 4,507 | 7,034 | 6,609 | 3,947 | 5,667 | 6,252 | 6,033 | 7,327 | 7,613 |
| Operating Profit | 3,269 | 3,845 | 5,286 | 6,571 | 2,479 | 4,166 | 3,204 | 2,833 | 3,271 | 3,360 | 3,475 | 2,895 |
| OPM % | 62% | 58% | 60% | 59% | 26% | 39% | 45% | 33% | 34% | 36% | 32% | 28% |
| Other Income | 12 | 15 | 42 | 88 | 89 | 74 | 158 | 264 | 79 | 126 | -13 | 452 |
| Interest | 2,620 | 2,810 | 3,876 | 4,783 | 4,793 | 3,834 | 2,984 | 2,575 | 2,786 | 2,537 | 2,492 | 2,364 |
| Depreciation | 90 | 106 | 104 | 132 | 232 | 260 | 151 | 138 | 126 | 147 | 144 | 144 |
| Profit before tax | 571 | 943 | 1,349 | 1,744 | -2,457 | 146 | 227 | 385 | 437 | 802 | 827 | 840 |
| Tax % | 41% | 42% | 38% | 40% | -17% | -74% | 7% | -5% | -21% | 33% | 18% | |
| Net Profit | 383 | 563 | 837 | 1,044 | -2,044 | 254 | 212 | 406 | 528 | 536 | 680 | 712 |
| EPS in Rs | 5.09 | 7.32 | 9.43 | 10.67 | -21.89 | 2.84 | 2.00 | 3.65 | 4.46 | 4.22 | 5.78 | 6.37 |
| Dividend Payout % | 25% | 18% | 14% | 12% | 0% | 49% | 69% | 39% | 32% | 35% | 26% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 0% | 8% | 14% | ||
| Compounded Profit Growth | 4% | 19% | 23% | 55% | ||
| Stock Price CAGR | 7% | 23% | 31% | 28% | ||
| Return on Equity | 5% | 7% | 10% | 14% |
| 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 | 79 | 81 | 83 | 87 | 89 | 89 | 89 | 90 | 90 | 90 | 92 | 95 |
| Reserves | 3,081 | 3,593 | 4,246 | 6,796 | 7,588 | 6,040 | 6,488 | 6,448 | 6,654 | 4,672 | 4,333 | 4,528 |
| Borrowings | 23,540 | 27,773 | 33,379 | 48,964 | 46,148 | 36,657 | 28,436 | 22,768 | 21,791 | 20,358 | 18,004 | 18,595 |
| Other Liabilities | 3,780 | 5,537 | 7,115 | 7,473 | 10,076 | 11,230 | 11,121 | 13,758 | 15,346 | 17,594 | 18,853 | 19,818 |
| Total Liabilities | 30,481 | 36,985 | 44,823 | 63,321 | 63,900 | 54,016 | 46,134 | 43,063 | 43,882 | 42,714 | 41,282 | 43,037 |
| Fixed Assets | 559 | 664 | 637 | 1,055 | 1,265 | 2,345 | 1,781 | 1,597 | 1,367 | 1,290 | 1,271 | 1,142 |
| CWIP | 106 | 30 | 101 | 42 | 44 | 43 | 13 | 20 | 25 | 36 | 18 | 21 |
| Investments | 2,792 | 2,696 | 6,878 | 7,887 | 12,713 | 10,012 | 12,882 | 14,139 | 17,162 | 18,491 | 17,574 | 19,881 |
| Other Assets | 27,023 | 33,594 | 37,208 | 54,336 | 49,879 | 41,615 | 31,458 | 27,307 | 25,327 | 22,897 | 22,419 | 21,992 |
| Total Assets | 30,481 | 36,985 | 44,823 | 63,321 | 63,900 | 54,016 | 46,134 | 43,063 | 43,882 | 42,714 | 41,282 | 43,037 |
| 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 | -9,183 | -3,762 | -497 | -12,969 | 5,685 | 12,098 | 3,458 | 5,592 | 2,891 | 2,894 | 3,384 | 897 |
| Cash from Investing Activity | -867 | -62 | -4,323 | -530 | -1,312 | 199 | 4,085 | -1,058 | -425 | -482 | 3,794 | -963 |
| Cash from Financing Activity | 10,019 | 3,802 | 5,112 | 14,868 | -3,665 | -10,471 | -8,587 | -6,444 | -1,708 | -2,785 | -4,828 | -1,936 |
| Net Cash Flow | -31 | -22 | 292 | 1,369 | 708 | 1,827 | -1,044 | -1,910 | 757 | -373 | 2,350 | -2,002 |
| Free Cash Flow | -9,389 | -3,881 | -647 | -13,092 | 5,500 | 12,098 | 3,594 | 5,532 | 2,813 | 2,806 | 3,247 | 827 |
| CFO/OP | -372% | -104% | -0% | -235% | 96% | 488% | 89% | 183% | 104% | 93% | 105% | 36% |
| 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 | 41 | 36 | 61 | 124 | 91 | 50 | 17 | 24 | 18 | 14 | 15 | 16 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 41 | 36 | 61 | 124 | 91 | 50 | 17 | 24 | 18 | 14 | 15 | 16 |
| Working Capital Days | -160 | 48 | 96 | -258 | -276 | -238 | -221 | -479 | -472 | -494 | -538 | -418 |
| ROCE % | 11% | 11% | 11% | 11% | 12% | 5% | 10% | 10% | 10% | 12% | 13% | 14% |
| 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 | 32.77% | 32.75% | 32.75% | 32.75% | 32.74% | 32.72% | 32.71% | 32.70% | 32.70% | 32.69% | 32.25% | 32.26% |
| FIIs | 31.29% | 30.51% | 28.89% | 28.32% | 27.97% | 26.89% | 28.23% | 25.33% | 19.55% | 18.43% | 19.04% | 19.47% |
| DIIs | 2.62% | 2.68% | 2.70% | 2.69% | 3.08% | 3.23% | 3.14% | 3.76% | 5.24% | 5.73% | 6.46% | 7.25% |
| Public | 28.55% | 29.29% | 30.90% | 31.47% | 33.50% | 34.58% | 33.33% | 37.51% | 42.51% | 43.18% | 42.25% | 41.01% |
| Others | 4.76% | 4.76% | 4.76% | 4.76% | 2.69% | 2.59% | 2.58% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
| No. of Shareholders | 2,23,716 | 2,40,618 | 2,31,290 | 2,39,237 | 2,29,531 | 2,52,211 | 2,61,827 | 2,61,894 | 2,76,665 | 2,85,146 | 3,75,474 | 3,52,071 |
Fundamentals
Market Cap₹ 13,040 Cr.
Current Price₹ 138
Stock P/E20.7
Book Value₹ 48.8
ROCE14.1 %
ROE14.2 %
Dividend Yield1.09 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)55%
Consolidated figures.
Valuation
Market capRs 13,053 Cr
Enterprise valueRs 28,168 Cr
P/E (TTM)21.68x
Price to book2.82x
Price to sales1.24x
EV / EBITDA8.42x
EV / EBIT8.79x
EV / sales2.68x
Price to cash flow14.55x
Earnings yield4.61%
Dividend yield1.09%
P/E, 3-year average17.21x
P/B, 3-year average1.70x
P/E, 5-year average15.26x
P/B, 5-year average1.20x
Profitability
Operating margin (excl. other income)32.17%
Operating margin (incl. other income)32.05%
EBITDA margin31.85%
Pre-tax margin7.99%
Net profit margin5.73%
Net margin, latest quarter5.25%
ROE12.08%
ROCE14.54%
ROA1.30%
ROE, 3-year average9.36%
ROCE, 3-year average13.53%
ROA, 3-year average1.07%
ROE, 5-year average7.23%
ROCE, 5-year average12.16%
ROA, 5-year average0.89%
ROIC (approx.)13.35%
Tax rate17.76%
Other income / net worth-0.28%
Growth
Sales growth (latest year)15.00%
Profit growth (latest year)37.06%
Sales CAGR, 3 years8.32%
Sales CAGR, 5 years0.05%
Profit CAGR, 3 years16.68%
Profit CAGR, 5 years15.55%
Sales growth QoQ21.40%
Profit growth QoQ39.52%
Sales growth YoY (latest quarter)3.69%
Profit growth YoY (latest quarter)83.05%
Per share
EPS (TTM)Rs 6.36
EPS (latest year)Rs 5.78
EPS (latest quarter)Rs 1.29
EPS, 3-year averageRs 4.93
EPS, 5-year averageRs 4.14
Book value per shareRs 48.84
Sales per shareRs 111.01
Cash flow per shareRs 9.48
Free cash flow per shareRs 8.74
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.49
Dividends
Dividend payout25.97%
Dividend payout, 3-year average30.89%
Dividend payout, 5-year average40.17%
Efficiency
Asset turnover0.25x
Fixed asset turnover9.46x
Debtor days16 days
Debtors turnover22.58x
Cash conversion cycle16 days
Working capital days-418 days
Leverage
Total debtRs 18,595 Cr
Cash and bankRs 3,480 Cr
Net debtRs 15,115 Cr
Debt to equity4.02x
Net debt / EBITDA4.52x
Interest coverage1.36x
Owners' fund to total sources10.74%
Debt to assets43.21%
Cash flow
Cash from Operating Activity (latest year)Rs 897 Cr
Cash from Investing Activity (latest year)Rs -963 Cr
Cash from Financing Activity (latest year)Rs -1,936 Cr
Net Cash Flow (latest year)Rs -2,002 Cr
Free cash flow (latest year)Rs 827 Cr
FCFE (approx.: FCF + change in debt)Rs 1,418 Cr
Cash from ops / profit, 5 years6.63x
Sales to cash flow12.04x
Statement figures
Net sales (TTM)Rs 10,508 Cr
Net sales (latest year)Rs 10,802 Cr
Sales (latest quarter)Rs 2,328 Cr
Operating profit excl. other income (latest year)Rs 3,475 Cr
Operating profit (latest quarter)Rs 593 Cr
Other income (TTM)Rs 452 Cr
EBITDA (TTM)Rs 3,347 Cr
PBDT (TTM)Rs 983 Cr
Profit before tax (TTM)Rs 840 Cr
Tax (latest year)Rs 147 Cr
Net profit (TTM)Rs 602 Cr
Net profit (latest year)Rs 547 Cr
Net profit (latest quarter)Rs 122 Cr
Depreciation (TTM)Rs 144 Cr
Depreciation (latest quarter)Rs 36 Cr
Interest (TTM)Rs 2,364 Cr
Cost of goods sold (latest year)Rs 2,478 Cr
Total expenditure (latest year)Rs 7,327 Cr
Total income (latest year)Rs 10,789 Cr
Share capitalRs 95 Cr
ReservesRs 4,528 Cr
Shareholders' fundsRs 4,623 Cr
Total assetsRs 43,037 Cr
Net blockRs 1,142 Cr
Capital work in progressRs 21 Cr
InvestmentsRs 19,881 Cr
ReceivablesRs 478 Cr
Other liabilitiesRs 19,818 Cr
Shares outstanding (crore)94.65
Ownership
Promoter holding32.26% (-0.44 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.7 is at the 47th percentile of its own 8.4-year range
(median 22.4, low 3.6, high 50.7).
P/B 2.82 is at the 84th percentile (median 1.35).
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 | EDELWEISS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.8% | -2.8% | +2.0 pts |
| 1 month | +6.9% | -6.8% | +13.7 pts |
| 3 months | +10.9% | -7.6% | +18.5 pts |
| 6 months | +38.4% | +0.4% | +38.0 pts |
| 1 year | +19.3% | -9.9% | +29.2 pts |
| 2 years | -1.9% | -13.6% | +11.6 pts |
| 3 years | +125.1% | +14.2% | +111.0 pts |
| 5 years | +69.7% | +27.9% | +41.8 pts |
16 mutual fund schemes hold about ₹322 Cr.
Over three months 3 bought more and 11 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Large & Mid Cap Fund | 0.42% | 88 | -3% |
| Abakkus Flexi Cap Fund | 1.38% | 87 | +6% |
| Bandhan Small Cap Fund | 0.13% | 44 | -13% |
| Abakkus Small Cap Fund | 1.37% | 38 | -8% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.85% | 21 | -11% |
| Helios Mid Cap Fund | 0.93% | 21 | +14% |
| Helios Small Cap Fund | 0.95% | 14 | -10% |
| JioBlackRock Flexi Cap Fund | 0.19% | 6 | -7% |
| Helios Financial Services Fund | 1.05% | 2 | +12% |
| Groww Nifty Total Market Index Fund | 0.04% | 0 | -7% |
| Angel One Nifty Total Market Index Fund | 0.04% | 0 | -7% |
| Mirae Asset Nifty Total Market Index Fund | 0.04% | 0 | -7% |
| WOC Banking & Financial Services Fund | 0.00% | 0 | |
| Bandhan Nifty Total Market Index Fund | 0.04% | 0 | -7% |
| Motilal Oswal BSE 1000 Index Fund | 0.04% | 0 | -7% |
| Samco Multi Cap Fund | 0.00% | 0 | -100% |
Red flags
F-score 7 of 8| explain | Low interest cover Interest cover 1.3x in 2026 |
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 ₹2,328 Cr +3.7% vs Jun 2025.
Net profit ₹134 Cr +30.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finserv Ltd | 279,143 | 27.2 | 10.6 % |
| Bajaj Holdings & Investment Ltd | 117,967 | 13.3 | 11.0 % |
| Choice International Ltd | 16,511 | 72.4 | 17.9 % |
| JM Financial Ltd | 12,037 | 11.4 | 11.6 % |
| Kama Holdings Ltd | 7,192 | 6.34 | 14.0 % |
| Rane Holdings Ltd | 2,207 | 28.0 | 9.52 % |
| BF Investment Ltd | 1,640 | 4.21 | 4.86 % |
| Balmer Lawrie Investment Ltd | 1,439 | 8.03 | 16.9 % |
| Abans Financial Services Ltd | 1,030 | 8.02 | 7.90 % |
| Max India Ltd | 906 | -23.0 % | |
| GFL Ltd | 606 | 10.0 | 2.07 % |
| Nisus Finance Services Co Ltd | 394 | 5.84 | 37.7 % |
| Tamboli Industries Ltd | 292 | 26.4 | 12.0 % |
| BIL Vyapar Ltd | 14 | 84.9 | % |
| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-10-01 | Pabrai Wagons Fund | SELL | 14,572,000 | 142.73 |
| 2026-10-01 | Pabrai Wagons Etf | BUY | 14,572,000 | 142.73 |
| 2026-10-01 | Pabrai Wagons Fund | SELL | 14,572,000 | 142.73 |
| 2026-10-01 | Pabrai Wagons Etf | BUY | 14,572,000 | 142.73 |
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-11 | Dividend - Rs 1.50 Per Share | |
| 2025-09-11 | Dividend - Rs 1.50 Per Share | |
| 2024-09-17 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2023-09-18 | Annual General Meeting/Dividend - Rs 1.25 Per Share | |
| 2023-06-02 | Demerger | |
| 2023-04-13 | Interim Dividend - Re 0.25 Per Share | |
| 2022-08-25 | Annual General Meeting/Dividend - Rs 1.20 Per Share | |
| 2022-04-07 | Interim Dividend - Re 0.25 Per Share | |
| 2021-08-26 | Annual General Meeting/Dividend - Rs 0.55 Per Share | |
| 2021-04-07 | Interim Dividend - Rs 0.90 Per Share | |
| 2020-09-18 | Annual General Meeting | |
| 2019-07-17 | Annual General Meeting/Dividend - Rs 0.30 Per Share | |
| 2019-02-04 | Interim Dividend - Rs 1.10 Per Share | |
| 2018-07-18 | Annual General Meeting/Dividend- Re 0.30 Per Share | |
| 2018-02-02 | Interim Dividend - Rs 1.05 Per Share | |
| 2017-07-20 | Dividend - Re 0.30/- Per Share | |
| 2017-02-17 | Interim Dividend Re 1/- Share | |
| 2016-07-28 | Annual General Meeting | |
| 2016-03-17 | Interim Dividend -Re 0.25 Per Share | |
| 2016-02-02 | Interim Dividend - Re 1/- Per Share | |
| 2015-07-10 | Dividend - Re 0.20/- Per Share | |
| 2015-02-04 | Interim Dividend - Re 0.80/- Per Share | |
| 2014-07-11 | Final Dividend - Re 0.15/- Per Share | |
| 2014-02-05 | Interim Dividend - Re 0.55/- Per Share | |
| 2013-07-12 | Annual General Meeting And Final Dividend Re.0.10 Per Share | |
| 2013-02-06 | Interim Dividend Re 0.55 Per Share | |
| 2012-07-12 | Annual General Meeting / Dividend Rs 0.30 Per Share | |
| 2012-02-02 | Interim Dividend Re.0.30 Per Share | |
| 2011-07-07 | Annual General Meeting And Dividend Re.0.35 Per Share | |
| 2011-02-02 | Interim Dividend-Re.0.25 Per Share | |
| 2010-08-10 | Face Value Split From Rs.5/- To Re.1/- And Bonus 1:1 | 0.1000 |
| 2010-06-29 | Final Dividend Rs.3/- Per Share And Special Dividend Rs.5/- Per Share | |
| 2010-02-03 | Int Div-Rs.2/- Per Share | |
| 2009-07-22 | Agm/Div-Rs.3/- Per Share | |
| 2008-07-02 | Agm/Dividend - 40% |
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.