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 | 9.59 | 16.35 | 16.82 | 11.12 | 12.60 | 17.98 | 19.44 | 11.70 | 12.26 | 19.11 | 20.04 | 13.81 |
| Expenses | 11.60 | 10.67 | 15.07 | 10.94 | 11.69 | 14.19 | 17.31 | 13.06 | 12.61 | 14.08 | 15.45 | 13.76 |
| Operating Profit | -2.01 | 5.68 | 1.75 | 0.18 | 0.91 | 3.79 | 2.13 | -1.36 | -0.35 | 5.03 | 4.59 | 0.05 |
| OPM % | -20.96% | 34.74% | 10.40% | 1.62% | 7.22% | 21.08% | 10.96% | -11.62% | -2.85% | 26.32% | 22.90% | 0.36% |
| Other Income | 0.39 | 0.19 | 0.29 | 0.67 | 1.14 | 0.23 | -0.01 | 0.52 | 0.17 | 0.20 | 0.08 | 0.28 |
| Interest | 0.05 | 0.02 | 0.03 | 0.16 | 0.16 | 0.24 | 0.21 | 0.19 | 0.20 | 0.19 | 0.19 | 0.16 |
| Depreciation | 0.95 | 0.98 | 0.98 | 1.45 | 1.47 | 1.58 | 1.63 | 1.61 | 1.73 | 1.78 | 1.80 | 1.81 |
| Profit before tax | -2.62 | 4.87 | 1.03 | -0.76 | 0.42 | 2.20 | 0.28 | -2.64 | -2.11 | 3.26 | 2.68 | -1.64 |
| Tax % | -12.21% | 16.84% | 1.94% | -7.89% | -2,021.43% | 35.91% | 182.14% | -15.53% | -38.39% | 8.28% | 105.22% | -7.32% |
| Net Profit | -2.30 | 4.05 | 1.01 | -0.70 | 8.91 | 1.41 | -0.23 | -2.23 | -1.30 | 2.99 | -0.14 | -1.52 |
| EPS in Rs | -0.33 | 0.57 | 0.14 | -0.10 | 1.26 | 0.20 | -0.03 | -0.32 | -0.18 | 0.42 | -0.02 | -0.22 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.86 | 43.23 | 48.51 | 47.52 | 39.54 | 22.87 | 48.33 | 65.46 | 54.14 | 61.15 | 63.11 | 65.22 |
| Expenses | 47.44 | 43.83 | 42.30 | 47.07 | 44.18 | 36.64 | 51.75 | 54.95 | 47.46 | 54.14 | 55.20 | 55.90 |
| Operating Profit | 2.42 | -0.60 | 6.21 | 0.45 | -4.64 | -13.77 | -3.42 | 10.51 | 6.68 | 7.01 | 7.91 | 9.32 |
| OPM % | 4.85% | -1.39% | 12.80% | 0.95% | -11.73% | -60.21% | -7.08% | 16.06% | 12.34% | 11.46% | 12.53% | 14.29% |
| Other Income | 0.25 | 0.81 | 0.26 | 0.97 | 1.08 | 1.46 | 2.04 | 1.67 | 1.07 | 2.02 | 0.98 | 0.73 |
| Interest | 1.39 | 1.73 | 1.63 | 1.51 | 1.63 | 1.21 | 0.64 | 0.10 | 0.13 | 0.77 | 0.77 | 0.74 |
| Depreciation | 4.70 | 4.81 | 5.80 | 5.11 | 6.16 | 5.57 | 4.54 | 4.11 | 3.85 | 6.12 | 6.91 | 7.12 |
| Profit before tax | -3.42 | -6.33 | -0.96 | -5.20 | -11.35 | -19.09 | -6.56 | 7.97 | 3.77 | 2.14 | 1.21 | 2.19 |
| Tax % | -29.24% | -30.81% | -2.08% | -63.65% | -22.29% | -20.12% | -0.91% | 25.35% | 20.42% | -338.79% | 153.72% | |
| Net Profit | -2.42 | -4.37 | -0.94 | -1.89 | -8.82 | -15.25 | -6.50 | 5.95 | 3.01 | 9.39 | -0.66 | 0.03 |
| EPS in Rs | -0.34 | -0.62 | -0.13 | -0.27 | -1.25 | -2.16 | -0.92 | 0.84 | 0.43 | 1.33 | -0.09 | -0.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 2% | 23% | -1% | 6% | ||
| Compounded Profit Growth | 5% | 14% | % | -100% | ||
| Stock Price CAGR | 3% | 16% | -17% | -33% | ||
| Return on Equity | -1% | 1% | 2% | 0% |
| 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 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 | 14.10 |
| Reserves | 222.39 | 219.97 | 192.39 | 191.13 | 189.38 | 180.29 | 165.34 | 159.95 | 165.93 | 169.00 | 178.40 | 177.77 |
| Borrowings | 9.97 | 12.79 | 14.75 | 13.93 | 16.46 | 14.26 | 14.82 | 17.74 | 4.15 | 2.92 | 11.29 | 9.43 |
| Other Liabilities | 8.72 | 7.17 | 30.87 | 33.81 | 36.64 | 41.76 | 28.97 | 26.55 | 26.39 | 29.24 | 25.33 | 27.43 |
| Total Liabilities | 255.18 | 254.03 | 252.11 | 252.97 | 256.58 | 250.41 | 223.23 | 218.34 | 210.57 | 215.26 | 229.12 | 228.73 |
| Fixed Assets | 161.41 | 159.68 | 168.04 | 170.51 | 170.30 | 167.79 | 163.61 | 186.55 | 184.02 | 182.24 | 201.72 | 203.92 |
| CWIP | 60.74 | 61.61 | 11.72 | 12.02 | 12.83 | 9.99 | 9.33 | 8.82 | 7.35 | 14.47 | 6.44 | 6.57 |
| Investments | 0.04 | 0.04 | 0.07 | 0.09 | 0.08 | 0.01 | 0.02 | 2.18 | 10.22 | 10.11 | 9.44 | 8.98 |
| Other Assets | 32.99 | 32.70 | 72.28 | 70.35 | 73.37 | 72.62 | 50.27 | 20.79 | 8.98 | 8.44 | 11.52 | 9.26 |
| Total Assets | 255.18 | 254.03 | 252.11 | 252.97 | 256.58 | 250.41 | 223.23 | 218.34 | 210.57 | 215.26 | 229.12 | 228.73 |
| 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 | 4.55 | 3.95 | 3.80 | 11.02 | 4.50 | 5.90 | 3.52 | 22.16 | 22.14 | 9.43 | 3.10 | 7.95 |
| Cash from Investing Activity | -5.67 | -4.70 | -4.72 | -8.41 | -4.78 | -0.35 | -0.58 | -27.51 | -8.54 | -8.45 | -4.64 | -8.54 |
| Cash from Financing Activity | -1.14 | 0.80 | 0.07 | -1.80 | 0.06 | -3.93 | -0.75 | 2.25 | -13.80 | -1.33 | 2.49 | 0.26 |
| Net Cash Flow | -2.27 | 0.05 | -0.85 | 0.80 | -0.22 | 1.62 | 2.19 | -3.10 | -0.20 | -0.35 | 0.95 | -0.33 |
| Free Cash Flow | -1.33 | -0.91 | -1.26 | 2.49 | -0.86 | 5.09 | 2.79 | -4.80 | 20.89 | 0.03 | 0.29 | -1.54 |
| CFO/OP | 116% | 181% | -565% | 174% | 622% | -129% | -21% | -659% | 211% | 138% | 46% | 101% |
| 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 | 46.33 | 52.63 | 34.95 | 44.09 | 69.05 | 40.80 | 69.11 | 10.27 | 10.54 | 11.06 | 8.54 | 7.29 |
| Inventory Days | 66.97 | 78.42 | 2,822.45 | 2,442.99 | 1,926.41 | 2,751.20 | 7,755.68 | 1,135.36 | 14.18 | 51.88 | 55.50 | 53.79 |
| Days Payable | 188.04 | 184.92 | 269.39 | 265.25 | 387.73 | 535.04 | 929.50 | 307.97 | 55.94 | 244.34 | 239.00 | 229.09 |
| Cash Conversion Cycle | -74.74 | -53.86 | 2,588.02 | 2,221.83 | 1,607.73 | 2,256.96 | 6,895.29 | 837.66 | -31.22 | -181.40 | -174.96 | -168.01 |
| Working Capital Days | -25.65 | -40.92 | 253.21 | 228.96 | 212.07 | 145.76 | 195.99 | -101.65 | -49.01 | -66.88 | -66.97 | -65.18 |
| ROCE % | -0.44% | -0.82% | -1.98% | 0.27% | -1.83% | -4.51% | -8.88% | -3.22% | 4.10% | 1.80% | 1.48% | 1.10% |
| 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 | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% |
| Public | 25.08% | 25.08% | 25.08% | 25.08% | 25.08% | 25.09% | 25.09% | 25.09% | 25.09% | 25.08% | 25.08% | 25.08% |
| No. of Shareholders | 2,416 | 2,327 | 2,343 | 2,511 | 3,308 | 3,409 | 3,404 | 3,408 | 3,497 | 3,473 | 3,465 | 3,589 |
Fundamentals
Market Cap₹ 227 Cr.
Current Price₹ 32.1
Stock P/E11,328
Book Value₹ 27.2
ROCE1.10 %
ROE-0.41 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-100%
Consolidated figures.
Valuation
Market capRs 226 Cr
Enterprise valueRs 233 Cr
P/E (TTM)7522.04x
Price to book1.18x
Price to sales3.46x
EV / EBITDA23.17x
EV / EBIT79.47x
EV / sales3.57x
Price to cash flow28.39x
Earnings yield0.01%
P/E, 3-year average73.73x
P/B, 3-year average1.48x
P/E, 5-year average58.00x
P/B, 5-year average1.23x
Profitability
Operating margin (excl. other income)12.53%
Operating margin (incl. other income)14.09%
EBITDA margin15.41%
Pre-tax margin3.36%
Net profit margin0.05%
Net margin, latest quarter-11.01%
ROE-0.34%
ROCE0.98%
ROA-0.29%
ROE, 3-year average2.10%
ROCE, 3-year average1.53%
ROA, 3-year average1.78%
ROE, 5-year average1.20%
ROCE, 5-year average1.16%
ROA, 5-year average1.04%
ROIC (approx.)-0.79%
Tax rate153.72%
Other income / net worth0.51%
Growth
Sales growth (latest year)3.21%
Profit growth (latest year)-107.03%
Sales CAGR, 3 years-1.21%
Sales CAGR, 5 years22.51%
Sales growth QoQ-31.09%
Sales growth YoY (latest quarter)18.03%
Per share
EPS (TTM)Rs 0.00
EPS (latest year)Rs -0.09
EPS (latest quarter)Rs -0.22
EPS, 3-year averageRs 0.55
EPS, 5-year averageRs 0.32
Book value per shareRs 27.21
Sales per shareRs 9.25
Cash flow per shareRs 1.13
Free cash flow per shareRs -0.22
Efficiency
Asset turnover0.28x
Fixed asset turnover0.31x
Inventory turnover18.68x
Inventory days20 days
Debtor days7 days
Debtors turnover50.09x
Creditor days229 days
Cash conversion cycle-168 days
Working capital days-65 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 2 Cr
Net debtRs 7 Cr
Debt to equity0.05x
Net debt / EBITDA0.71x
Interest coverage3.96x
Owners' fund to total sources83.88%
Debt to assets4.12%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years5.79x
Sales to cash flow7.94x
Statement figures
Net sales (TTM)Rs 65 Cr
Net sales (latest year)Rs 63 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 21 Cr
Total expenditure (latest year)Rs 55 Cr
Total income (latest year)Rs 64 Cr
Share capitalRs 14 Cr
ReservesRs 178 Cr
Shareholders' fundsRs 192 Cr
Total assetsRs 229 Cr
Net blockRs 204 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 9 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 27 Cr
Shares outstanding (crore)7.05
Ownership
Promoter holding74.91% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.18 is at the 71th percentile (median 0.81).
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 | GRAVISSHO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.1% | -2.8% | +1.7 pts |
| 1 month | +13.5% | -6.8% | +20.3 pts |
| 3 months | +8.8% | -7.6% | +16.5 pts |
| 3 years | -42.1% | +14.2% | -56.3 pts |
| 5 years | +101.3% | +27.9% | +73.4 pts |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 81% of pre-tax profit in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
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 ₹14 Cr +18.0% vs Jun 2025.
Net loss ₹2 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indian Hotels Co Ltd | 101,683 | 52.3 | 17.1 % |
| ITC Hotels Ltd | 33,439 | 36.3 | 11.2 % |
| EIH Ltd | 18,877 | 26.0 | 20.7 % |
| Chalet Hotels Ltd | 18,412 | 34.4 | 17.0 % |
| Leela Palaces Hotels & Resorts Ltd | 17,820 | 39.7 | 8.73 % |
| Ventive Hospitality Ltd | 13,075 | 27.0 | 10.8 % |
| Lemon Tree Hotels Ltd | 8,253 | 32.2 | 14.1 % |
| India Tourism Development Corporation Ltd | 5,636 | 68.1 | 29.9 % |
| Juniper Hotels Ltd | 4,760 | 25.7 | 8.04 % |
| Mahindra Holidays & Resorts India Ltd | 3,933 | 84.1 | 8.12 % |
| Samhi Hotels Ltd | 3,321 | 7.90 | 8.90 % |
| Oriental Hotels Ltd | 2,489 | 37.1 | 12.1 % |
| Apeejay Surrendra Park Hotels Ltd | 2,184 | 33.9 | 9.43 % |
| Brigade Hotel Ventures Ltd | 2,129 | 31.2 | 12.8 % |
| TajGVK Hotels & Resorts Ltd | 1,989 | 13.8 | 13.3 % |
No bulk or block deals on record.
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days