Price
Financials
Consolidated, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.67 | 112.22 | 96.84 | 202.22 | 87.63 | 89.53 | 78.90 | 110.41 | 98.85 |
| Expenses | 78.46 | 96.87 | 83.81 | 156.35 | 72.77 | 86.48 | 71.88 | 94.70 | 95.55 |
| Operating Profit | 14.21 | 15.35 | 13.03 | 45.87 | 14.86 | 3.05 | 7.02 | 15.71 | 3.30 |
| OPM % | 15.33% | 13.68% | 13.46% | 22.68% | 16.96% | 3.41% | 8.90% | 14.23% | 3.34% |
| Other Income | 0.89 | 0.73 | 0.50 | -0.43 | 1.27 | 0.98 | -1.66 | 0.30 | 0.16 |
| Interest | 1.10 | 1.33 | 2.22 | 3.44 | 3.52 | 3.50 | 2.58 | 2.97 | 2.88 |
| Depreciation | 1.69 | 1.84 | 1.89 | 1.92 | 1.82 | 3.05 | 8.71 | 9.01 | 9.13 |
| Profit before tax | 12.31 | 12.91 | 9.42 | 40.08 | 10.79 | -2.52 | -5.93 | 4.03 | -8.55 |
| Tax % | 30.30% | 24.63% | 20.81% | 31.11% | 25.95% | 2.38% | -15.85% | 74.94% | -7.84% |
| Net Profit | 8.59 | 9.74 | 7.46 | 27.60 | 7.98 | -2.58 | -4.99 | 1.01 | -7.87 |
| EPS in Rs | 1.83 | 2.08 | 1.59 | 5.89 | 1.70 | -0.49 | -0.96 | 0.19 | -1.51 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 306 | 314 | 425 | 452 | 504 | 366 | 378 |
| Expenses | 275 | 265 | 359 | 374 | 415 | 326 | 349 |
| Operating Profit | 31 | 49 | 66 | 78 | 88 | 41 | 29 |
| OPM % | 10% | 16% | 16% | 17% | 18% | 11% | 8% |
| Other Income | 4 | 3 | 0 | 2 | 1 | 1 | -0 |
| Interest | 2 | 3 | 6 | 6 | 8 | 13 | 12 |
| Depreciation | 3 | 4 | 5 | 6 | 7 | 23 | 30 |
| Profit before tax | 30 | 44 | 56 | 68 | 74 | 6 | -13 |
| Tax % | 23% | 30% | 20% | 26% | 28% | 78% | |
| Net Profit | 23 | 31 | 45 | 50 | 53 | 1 | -14 |
| EPS in Rs | 129.92 | 174.74 | 250.27 | 10.69 | 11.39 | 0.27 | -2.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 4% | -5% | -24% | ||
| Compounded Profit Growth | % | -43% | -68% | -127% | ||
| Stock Price CAGR | % | % | % | -32% | ||
| Return on Equity | % | 16% | 13% | 0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 9 | 9 | 10 |
| Reserves | 108 | 136 | 178 | 221 | 275 | 439 |
| Borrowings | 55 | 78 | 90 | 112 | 227 | 152 |
| Other Liabilities | 20 | 23 | 26 | 26 | 26 | 40 |
| Total Liabilities | 186 | 240 | 296 | 369 | 536 | 642 |
| Fixed Assets | 24 | 36 | 36 | 50 | 54 | 253 |
| CWIP | 2 | 1 | 11 | 30 | 126 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 160 | 203 | 249 | 289 | 356 | 382 |
| Total Assets | 186 | 240 | 296 | 369 | 536 | 642 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | -5 | 15 | 40 | -25 | 30 |
| Cash from Investing Activity | -5 | -15 | -18 | -50 | -92 | -102 |
| Cash from Financing Activity | 7 | 18 | 6 | 15 | 105 | 78 |
| Net Cash Flow | 2 | -2 | 4 | 5 | -13 | 5 |
| Free Cash Flow | -6 | -19 | 1 | 1 | -130 | -65 |
| CFO/OP | 24% | 12% | 50% | 71% | 0% | 100% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 46 | 68 | 37 | 102 | 76 |
| Inventory Days | 120 | 206 | 164 | 187 | 160 | 309 |
| Days Payable | 23 | 27 | 24 | 20 | 16 | 25 |
| Cash Conversion Cycle | 160 | 225 | 208 | 203 | 246 | 360 |
| Working Capital Days | 90 | 110 | 102 | 121 | 115 | 179 |
| ROCE % | 25% | 25% | 24% | 19% | 3% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 55.06% | 55.06% | 57.01% | 57.44% |
| FIIs | 2.02% | 0.79% | 1.06% | 0.75% |
| DIIs | 6.56% | 4.59% | 4.81% | 4.81% |
| Public | 36.36% | 39.56% | 37.11% | 37.00% |
| No. of Shareholders | 76,626 | 69,768 | 62,512 | 60,190 |
Fundamentals
Market Cap₹ 822 Cr.
Current Price₹ 158
Book Value₹ 86.1
ROCE3.43 %
ROE0.39 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-24%
Compounded Profit Growth (TTM)-127%
Consolidated figures.
Valuation
Market capRs 809 Cr
Enterprise valueRs 881 Cr
P/E (TTM)569.66x
Price to book5.86x
Price to sales2.21x
EV / EBITDA21.20x
EV / EBIT46.49x
EV / sales2.40x
Earnings yield0.18%
Profitability
Operating margin (excl. other income)15.65%
Operating margin (incl. other income)16.48%
EBITDA margin11.33%
Pre-tax margin1.74%
Net profit margin0.39%
Net margin, latest quarter0.91%
ROE25.12%
ROCE24.87%
ROA14.66%
ROIC (approx.)6.35%
Tax rate29.70%
Other income / net worth1.89%
Growth
Sales growth (latest year)2.75%
Profit growth (latest year)34.50%
Sales growth QoQ39.94%
Sales growth YoY (latest quarter)-45.40%
Profit growth YoY (latest quarter)-96.34%
Per share
EPS (TTM)Rs 0.27
EPS (latest year)Rs 174.75
EPS (latest quarter)Rs 0.19
Book value per shareRs 26.52
Sales per shareRs 70.35
Cash flow per shareRs -1.00
Free cash flow per shareRs -12.48
Efficiency
Asset turnover1.31x
Fixed asset turnover8.79x
Inventory turnover1.83x
Inventory days199 days
Debtor days46 days
Debtors turnover7.96x
Creditor days25 days
Cash conversion cycle360 days
Working capital days179 days
Leverage
Total debtRs 78 Cr
Cash and bankRs 6 Cr
Net debtRs 72 Cr
Debt to equity0.57x
Net debt / EBITDA1.72x
Interest coverage1.51x
Current ratio (filing 2026-03-31)2.16x
Quick ratio (filing 2026-03-31)0.77x
Trade payables (filing 2026-03-31)Rs 19 Cr
Owners' fund to total sources57.65%
Debt to assets32.59%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs -15 Cr
Cash from Financing Activity (latest year)Rs 18 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -65 Cr
FCFE (approx.: FCF + change in debt)Rs -42 Cr
Cash from ops / profit, 5 years0.31x
Statement figures
Net sales (TTM)Rs 366 Cr
Net sales (latest year)Rs 314 Cr
Sales (latest quarter)Rs 110 Cr
Operating profit excl. other income (latest year)Rs 49 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 42 Cr
PBDT (TTM)Rs 29 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 31 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 246 Cr
Total expenditure (latest year)Rs 265 Cr
Total income (latest year)Rs 317 Cr
Share capitalRs 2 Cr
ReservesRs 136 Cr
Shareholders' fundsRs 138 Cr
Total assetsRs 240 Cr
Net blockRs 36 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 40 Cr
InventoryRs 134 Cr
Other liabilitiesRs 23 Cr
Shares outstanding (crore)5.21
Ownership
Promoter holding57.44%
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 | GEMAROMA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.1% | -2.8% | +2.8 pts |
| 1 month | -6.8% | -6.8% | -0.1 pts |
| 3 months | -16.8% | -7.6% | -9.2 pts |
| 6 months | +12.5% | +0.4% | +12.1 pts |
| 1 year | -38.9% | -9.9% | -28.9 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -10% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 15% of total assets in 2026 |
| look | Inventory outrunning sales Inventory grew 63% vs sales +3% 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 ₹99 Cr +12.8% vs Jun 2025.
Net loss ₹8 Cr.
Against our estimate for Jun 2026: sales +65.8%, profit -1242.2% miss. Our estimate for Sep 2026: sales Rs 75 Cr, profit Rs -3 Cr (how).
Activity
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| Fine Organic Industries Ltd | 15,759 | 36.0 | 21.5 % |
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| Privi Speciality Chemicals Ltd | 14,084 | 40.3 | 22.3 % |
| Anupam Rasayan India Ltd | 13,409 | 76.8 | 7.38 % |
| Vinati Organics Ltd | 12,173 | 24.4 | 21.4 % |
| Elantas Beck India Ltd | 10,820 | 60.9 | 21.2 % |
| Jubilant Ingrevia Ltd | 10,180 | 32.0 | 11.4 % |
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No bulk or block deals on record.
No corporate actions on record.
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Resignation | Resignation of Director/KMP/SMP |
| 2026-09-30 | Resignation | Resignation of Mr. Kiran Sirsalmath as a SMP of the company w.e.f. September 30, 2026. |
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.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Gem Aromatics Ltd?
Gem Aromatics Ltd (GEMAROMA) has a market capitalisation of Rs 822 Cr. at the 2026-10-01 close.
What were Gem Aromatics Ltd's latest quarterly results?
In the Jun 2026 quarter, Gem Aromatics Ltd sales was Rs 99 Cr (+12.8% vs Jun 2025) with a net loss of Rs 8 Cr.
What is the 52-week high and low of Gem Aromatics Ltd?
The 52-week high is Rs 263.68 and the 52-week low is Rs 133.00.