Price
Financials
Consolidated, Rs crore| Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 738 | 790 | 783 | 871 | 1,133 | 948 | 944 | 984 | 1,025 | 1,024 | 1,055 | 1,116 |
| Expenses | 317 | 424 | 352 | 355 | 433 | 453 | 527 | 532 | 507 | 520 | 549 | 581 |
| Operating Profit | 421 | 366 | 431 | 517 | 700 | 494 | 417 | 452 | 518 | 504 | 506 | 535 |
| OPM % | 57% | 46% | 55% | 59% | 62% | 52% | 44% | 46% | 51% | 49% | 48% | 48% |
| Other Income | 19 | 15 | 4 | 7 | 19 | 55 | 5 | 15 | -43 | 29 | 35 | 31 |
| Interest | 305 | 322 | 337 | 353 | 380 | 375 | 373 | 374 | 374 | 360 | 376 | 407 |
| Depreciation | 37 | 37 | 32 | 32 | 31 | 32 | 33 | 32 | 32 | 30 | 33 | 35 |
| Profit before tax | 98 | 22 | 67 | 140 | 308 | 142 | 16 | 61 | 69 | 143 | 132 | 123 |
| Tax % | 19% | 31% | 22% | 24% | 18% | 26% | 17% | 27% | 49% | 23% | 23% | 23% |
| Net Profit | 79 | 15 | 52 | 106 | 251 | 104 | 14 | 44 | 35 | 111 | 102 | 95 |
| EPS in Rs | 2.30 | 0.43 | 1.47 | 2.96 | 6.91 | 2.51 | 0.32 | 1.05 | 0.84 | 2.27 | 2.24 | 2.08 |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 199 | 283 | 483 | 755 | 1,112 | 1,555 | 1,647 | 2,288 | 2,878 | 3,735 | 3,978 | 4,220 |
| Expenses | 116 | 129 | 174 | 289 | 404 | 680 | 1,002 | 1,028 | 1,271 | 1,593 | 2,086 | 2,157 |
| Operating Profit | 83 | 154 | 309 | 466 | 707 | 875 | 645 | 1,260 | 1,607 | 2,142 | 1,892 | 2,063 |
| OPM % | 42% | 55% | 64% | 62% | 64% | 56% | 39% | 55% | 56% | 57% | 48% | 49% |
| Other Income | 0 | 0 | 0 | 0 | 3 | -10 | 132 | 70 | 46 | 86 | 5 | 52 |
| Interest | 64 | 108 | 190 | 295 | 437 | 576 | 669 | 966 | 1,191 | 1,445 | 1,481 | 1,517 |
| Depreciation | 7 | 7 | 6 | 8 | 14 | 37 | 89 | 93 | 145 | 127 | 127 | 130 |
| Profit before tax | 11 | 40 | 114 | 163 | 260 | 252 | 19 | 271 | 316 | 656 | 289 | 468 |
| Tax % | 131% | 20% | 35% | 35% | 36% | 37% | 28% | 35% | 35% | 22% | 30% | |
| Net Profit | -3 | 32 | 74 | 107 | 167 | 159 | 14 | 177 | 206 | 514 | 203 | 342 |
| EPS in Rs | -0.78 | 5.52 | 10.24 | 3.96 | 6.19 | 4.72 | 0.40 | 5.17 | 5.99 | 13.85 | 4.48 | 7.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 22% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 35% | 21% | 20% | 5% | ||
| Compounded Profit Growth | 49% | 1% | -1% | -25% | ||
| Stock Price CAGR | -4% | 0% | % | % | ||
| Return on Equity | 9% | 8% | 10% | 5% |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 58 | 73 | 269 | 270 | 338 | 340 | 341 | 342 | 342 | 342 | 342 |
| Reserves | 258 | 414 | 669 | 902 | 1,071 | 1,893 | 1,910 | 2,102 | 2,442 | 2,734 | 3,065 | 3,226 |
| Borrowings | 564 | 1,274 | 1,849 | 3,032 | 4,683 | 6,543 | 10,752 | 12,947 | 17,315 | 21,164 | 22,242 | 24,394 |
| Other Liabilities | 95 | 108 | 160 | 262 | 482 | 670 | 445 | 325 | 735 | 1,341 | 1,964 | 2,384 |
| Total Liabilities | 961 | 1,854 | 2,752 | 4,465 | 6,507 | 9,443 | 13,447 | 15,715 | 20,834 | 25,582 | 27,613 | 30,346 |
| Fixed Assets | 26 | 24 | 25 | 46 | 63 | 313 | 328 | 290 | 531 | 462 | 393 | 420 |
| CWIP | 0 | 1 | 3 | 2 | 0 | 15 | 2 | 2 | 2 | 1 | 11 | 0 |
| Investments | 0 | 8 | 4 | 176 | 12 | 1,896 | 3,857 | 2,346 | 2,384 | 3,838 | 4,548 | 5,875 |
| Other Assets | 935 | 1,822 | 2,720 | 4,242 | 6,432 | 7,219 | 9,259 | 13,077 | 17,916 | 21,281 | 22,660 | 24,051 |
| Total Assets | 961 | 1,854 | 2,752 | 4,465 | 6,507 | 9,443 | 13,447 | 15,715 | 20,834 | 25,582 | 27,613 | 30,346 |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -122 | 22 | -781 | -788 | -1,155 | -1,373 | 244 | 499 | 1,693 | -973 | 2,741 | 57 |
| Cash from Investing Activity | -43 | -71 | -125 | 86 | -230 | 92 | -2,153 | -28 | 4 | -73 | -43 | -89 |
| Cash from Financing Activity | 162 | 16 | 1,053 | 771 | 1,504 | 1,655 | 2,033 | -319 | -1,591 | 2,323 | -1,851 | -1,218 |
| Net Cash Flow | -4 | -33 | 147 | 69 | 120 | 374 | 125 | 152 | 106 | 1,277 | 847 | -1,250 |
| Free Cash Flow | -122 | 22 | -786 | -798 | -1,183 | -1,426 | -66 | 408 | 1,646 | -1,045 | 2,692 | -34 |
| CFO/OP | -105% | 27% | -495% | -242% | -233% | -179% | 39% | 83% | 146% | -52% | 136% | 12% |
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Working Capital Days | 666 | 191 | 90 | -77 | -17 | 64 | -153 | -77 | -33 | -63 | -54 | -63 |
| ROCE % | 9% | 11% | 14% | 14% | 14% | 11% | 6% | 9% | 8% | 9% | 7% |
| Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FIIs | 28.67% | 28.19% | 20.73% | 25.59% | 28.38% | 28.90% | 27.03% | 27.94% | 28.58% | 26.29% | 26.14% | 24.58% |
| DIIs | 34.45% | 30.25% | 34.20% | 31.60% | 33.22% | 32.07% | 37.82% | 35.69% | 33.45% | 34.95% | 34.08% | 36.67% |
| Public | 36.88% | 41.56% | 45.07% | 42.81% | 38.40% | 39.03% | 35.15% | 36.37% | 37.97% | 38.76% | 39.78% | 38.76% |
| No. of Shareholders | 2,97,596 | 3,09,654 | 3,30,474 | 3,04,267 | 2,68,785 | 2,60,825 | 2,43,056 | 2,43,559 | 2,41,594 | 2,30,294 | 2,19,810 | 2,06,184 |
Fundamentals
Market Cap₹ 4,112 Cr.
Current Price₹ 120
Stock P/E14.8
Book Value₹ 104
ROCE7.11 %
ROE5.36 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-25%
Consolidated figures.
Valuation
Market capRs 4,112 Cr
Enterprise valueRs 24,224 Cr
P/E (TTM)16.20x
Price to book1.21x
Price to sales0.97x
EV / EBITDA11.45x
EV / EBIT12.20x
EV / sales5.74x
Price to cash flow72.01x
Earnings yield6.17%
P/E, 3-year average12.40x
P/B, 3-year average0.85x
P/E, 5-year average84.45x
P/B, 5-year average1.33x
Profitability
Operating margin (excl. other income)47.57%
Operating margin (incl. other income)47.69%
EBITDA margin50.13%
Pre-tax margin11.09%
Net profit margin6.01%
Net margin, latest quarter6.36%
ROE4.73%
ROCE7.10%
ROA0.58%
ROE, 3-year average9.57%
ROCE, 3-year average8.36%
ROA, 3-year average1.24%
ROE, 5-year average7.37%
ROCE, 5-year average8.02%
ROA, 5-year average1.01%
ROIC (approx.)5.93%
Tax rate29.69%
Other income / net worth0.15%
Growth
Sales growth (latest year)6.52%
Profit growth (latest year)-67.63%
Sales CAGR, 3 years20.25%
Sales CAGR, 5 years20.67%
Profit CAGR, 3 years-4.63%
Profit CAGR, 5 years-0.79%
Sales growth QoQ5.80%
Profit growth QoQ-7.40%
Sales growth YoY (latest quarter)13.36%
Profit growth YoY (latest quarter)97.30%
Per share
EPS (TTM)Rs 7.42
EPS (latest year)Rs 4.48
EPS (latest quarter)Rs 2.08
EPS, 3-year averageRs 8.10
EPS, 5-year averageRs 5.98
Book value per shareRs 99.67
Sales per shareRs 123.47
Cash flow per shareRs 1.67
Free cash flow per shareRs -0.99
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 3.00
Dividends
Dividend payout, 3-year average21.67%
Dividend payout, 5-year average21.67%
Efficiency
Asset turnover0.14x
Fixed asset turnover10.11x
Debtor days1 days
Debtors turnover429.63x
Cash conversion cycle1 days
Working capital days-63 days
Leverage
Total debtRs 22,242 Cr
Cash and bankRs 2,130 Cr
Net debtRs 20,112 Cr
Debt to equity6.53x
Net debt / EBITDA9.51x
Interest coverage1.31x
Owners' fund to total sources12.34%
Debt to assets80.55%
Cash flow
Cash from Operating Activity (latest year)Rs 57 Cr
Cash from Investing Activity (latest year)Rs -89 Cr
Cash from Financing Activity (latest year)Rs -1,218 Cr
Net Cash Flow (latest year)Rs -1,250 Cr
Free cash flow (latest year)Rs -34 Cr
FCFE (approx.: FCF + change in debt)Rs 1,044 Cr
Cash from ops / profit, 5 years3.61x
Sales to cash flow69.67x
Statement figures
Net sales (TTM)Rs 4,220 Cr
Net sales (latest year)Rs 3,978 Cr
Sales (latest quarter)Rs 1,116 Cr
Operating profit excl. other income (latest year)Rs 1,892 Cr
Operating profit (latest quarter)Rs 535 Cr
Other income (TTM)Rs 52 Cr
EBITDA (TTM)Rs 2,115 Cr
PBDT (TTM)Rs 598 Cr
Profit before tax (TTM)Rs 468 Cr
Tax (latest year)Rs 86 Cr
Net profit (TTM)Rs 254 Cr
Net profit (latest year)Rs 153 Cr
Net profit (latest quarter)Rs 71 Cr
Depreciation (TTM)Rs 130 Cr
Depreciation (latest quarter)Rs 35 Cr
Interest (TTM)Rs 1,517 Cr
Cost of goods sold (latest year)Rs 58 Cr
Total expenditure (latest year)Rs 2,086 Cr
Total income (latest year)Rs 3,983 Cr
Share capitalRs 342 Cr
ReservesRs 3,065 Cr
Shareholders' fundsRs 3,407 Cr
Total assetsRs 27,613 Cr
Net blockRs 393 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 4,548 Cr
ReceivablesRs 9 Cr
Other liabilitiesRs 1,964 Cr
Shares outstanding (crore)34.18
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.2 is at the 35th percentile of its own 6.4-year range
(median 21.7, low 6.6, high 396.0).
P/B 1.21 is at the 32th percentile (median 1.48).
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 | EQUITAS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.2% | -2.8% | -2.4 pts |
| 1 month | -7.0% | -6.8% | -0.2 pts |
| 3 months | +12.5% | -7.6% | +20.2 pts |
| 6 months | +18.5% | +0.4% | +18.1 pts |
| 1 year | +7.1% | -9.9% | +17.0 pts |
| 2 years | +74.6% | -13.6% | +88.2 pts |
| 3 years | +15.4% | +14.2% | +1.2 pts |
| 5 years | -14.6% | +27.9% | -42.5 pts |
Red flags
F-score 4 of 8| explain | Low interest cover Interest cover 1.2x in 2022 |
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
Sep 2022Sales ₹1,116 Cr +13.4% vs Sep 2021.
Net profit ₹95 Cr +115.9%.
Activity
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|---|---|---|---|
| Jio Financial Services Ltd | 143,658 | 69.5 | 1.86 % |
| Aditya Birla Capital Ltd | 103,489 | 25.7 | 8.72 % |
| Tata Investment Corporation Ltd | 31,645 | 73.4 | 1.57 % |
| Cholamandalam Financial Holdings Ltd | 25,759 | 9.65 | 9.75 % |
| TVS Holdings Ltd | 24,881 | 12.5 | 17.0 % |
| Maharashtra Scooters Ltd | 14,104 | 50.6 | 1.06 % |
| JSW Holdings Ltd | 12,210 | 97.6 | 0.53 % |
| Tsf Investments Ltd | 9,361 | 19.2 | 3.38 % |
| Religare Enterprises Ltd | 8,000 | 161 | 3.50 % |
| Pilani Investment & Industries Corporation Ltd | 4,430 | 1.41 % | |
| Nalwa Sons Investments Ltd | 2,755 | 49.7 | 0.48 % |
| Kalyani Investment Company Ltd | 2,081 | 51.2 | 0.49 % |
| Elcid Investments Ltd | 2,053 | 21.5 | 1.43 % |
| Shipping Corporation of India Land & Assets Ltd | 1,709 | 60.0 | 1.31 % |
| Summit Securities Ltd | 1,432 | 12.0 | 1.52 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2021-08-04 | Annual General Meeting | |
| 2021-02-11 | Interim Dividend - Rs 2 Per Share | |
| 2020-08-18 | Interim Dividend - Re 1 Per Share | |
| 2020-07-31 | Annual General Meeting | |
| 2019-07-25 | Annual General Meeting | |
| 2018-07-19 | Annual General Meeting | |
| 2017-06-22 | Annual General Meeting | |
| 2016-06-14 | Annual General Meeting (Book Closure Start Date Revised) |
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.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Equitas Holdings Ltd (Merged)?
Equitas Holdings Ltd (Merged) (EQUITAS) has a market capitalisation of Rs 4,112 Cr. at the 2023-02-02 close.
What is the P/E ratio of Equitas Holdings Ltd (Merged)?
Equitas Holdings Ltd (Merged) trades at a P/E of 14.8 on trailing twelve-month profit, at the 2023-02-02 close.
What were Equitas Holdings Ltd (Merged)'s latest quarterly results?
In the Sep 2022 quarter, Equitas Holdings Ltd (Merged) sales was Rs 1,116 Cr (+13.4% vs Sep 2021) and net profit was Rs 95 Cr.