Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 150 | 180 | 170 | 202 | 180 | 207 |
| Expenses | 142 | 177 | 161 | 197 | 181 | 205 |
| Operating Profit | 9 | 4 | 9 | 6 | -2 | 3 |
| OPM % | 6% | 2.0% | 5% | 2.7% | -1.1% | 1.2% |
| Other Income | 1 | 0 | 1 | 0 | 0 | -0 |
| Interest | 2 | 3 | 4 | 2 | 4 | 5 |
| Depreciation | 2 | -0 | 1 | 1 | 2 | 3 |
| Profit before tax | 5 | 1 | 5 | 3 | -8 | -5 |
| Tax % | 21% | 10% | 11% | 62% | -40% | -13% |
| Net Profit | 4 | 1 | 5 | 1 | -5 | -4 |
| EPS in Rs | 1.67 | 0.40 | 2.07 | 0.49 | -1.94 | -1.82 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 238 | 239 | 329 | 320 | 321 | 361 | 374 |
| Expenses | 230 | 229 | 321 | 299 | 308 | 346 | 374 |
| Operating Profit | 8 | 10 | 8 | 20 | 12 | 15 | 1 |
| OPM % | 3.2% | 4.0% | 2.3% | 6% | 3.9% | 4.0% | 0.2% |
| Other Income | 0 | 0 | 1 | 3 | 1 | 1 | 0 |
| Interest | 5 | 4 | 6 | 5 | 6 | 5 | 8 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 2 | 5 |
| Profit before tax | 2 | 4 | 1 | 15 | 6 | 8 | -12 |
| Tax % | 26% | 31% | 43% | 28% | 19% | 29% | -30% |
| Net Profit | 1 | 3 | 1 | 10 | 5 | 6 | -9 |
| EPS in Rs | 3.17 | 8.59 | 1.43 | 6.13 | 2.08 | 2.56 | -3.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 9% | 5% | 4% | ||
| Compounded Profit Growth | % | % | % | -247% | ||
| Stock Price CAGR | % | % | -14% | 14% | ||
| Return on Equity | % | 3% | 1% | -8% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 17 | 23 | 23 | 23 |
| Reserves | 44 | 47 | 47 | 44 | 91 | 97 | 88 |
| Borrowings | 42 | 51 | 67 | 66 | 121 | 85 | 101 |
| Other Liabilities | 33 | 37 | 58 | 68 | 54 | 101 | 96 |
| Total Liabilities | 122 | 139 | 176 | 194 | 290 | 306 | 309 |
| Fixed Assets | 19 | 19 | 26 | 31 | 38 | 46 | 117 |
| CWIP | 0 | 0 | 3 | 12 | 37 | 56 | 2 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 102 | 119 | 146 | 152 | 215 | 204 | 189 |
| Total Assets | 122 | 139 | 176 | 194 | 290 | 306 | 309 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1 | -4 | 3 | 21 | -24 | 34 | 17 |
| Cash from Investing Activity | -2 | -2 | -13 | -16 | -34 | -30 | -22 |
| Cash from Financing Activity | 3 | 7 | 10 | -5 | 97 | -42 | 7 |
| Net Cash Flow | -0 | 1 | 0 | -0 | 40 | -38 | 2 |
| Free Cash Flow | -3 | -6 | -10 | 4 | -58 | 4 | -5 |
| CFO/OP | -4% | -32% | 43% | 121% | -184% | 244% | 2,828% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 91 | 72 | 67 | 93 | 102 | 80 |
| Inventory Days | 84 | 94 | 109 | 136 | 136 | 144 | 132 |
| Days Payable | 66 | 60 | 76 | 94 | 67 | 144 | 110 |
| Cash Conversion Cycle | 109 | 125 | 105 | 109 | 162 | 102 | 102 |
| Working Capital Days | 80 | 82 | 57 | 53 | 28 | 38 | 9 |
| ROCE % | 9% | 6% | 15% | 6% | 6% | -2% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% |
| FIIs | 1.70% | 0.84% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.67% |
| DIIs | 2.66% | 0.48% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 22.12% | 25.16% | 25.39% | 25.69% | 25.69% | 25.69% | 25.69% | 25.69% | 25.82% |
| No. of Shareholders | 1,514 | 2,016 | 2,265 | 2,459 | 2,449 | 2,358 | 2,333 | 2,212 | 2,053 |
Fundamentals
Market Cap₹ 168 Cr.
Current Price₹ 72.0
Book Value₹ 48.0
ROCE-1.95 %
ROE-7.54 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-247%
Standalone figures.
Valuation
Market capRs 120 Cr
Enterprise valueRs 184 Cr
P/E (TTM)11.42x
Price to book1.97x
Price to sales0.37x
EV / EBITDA7.96x
EV / EBIT9.36x
EV / sales0.58x
Price to cash flow5.79x
Earnings yield8.76%
Profitability
Operating margin (excl. other income)6.38%
Operating margin (incl. other income)7.23%
EBITDA margin7.23%
Pre-tax margin4.57%
Net profit margin3.28%
ROE18.79%
ROCE16.08%
ROA5.66%
ROE, 3-year average8.69%
ROCE, 3-year average10.21%
ROA, 3-year average2.78%
ROIC (approx.)11.28%
Tax rate28.22%
Other income / net worth4.50%
Growth
Sales growth (latest year)-2.73%
Profit growth (latest year)1954.90%
Sales CAGR, 3 years10.40%
Profit CAGR, 3 years110.10%
Per share
EPS (TTM)Rs 6.13
EPS (latest year)Rs 6.13
EPS, 3-year averageRs 5.38
Book value per shareRs 35.49
Sales per shareRs 186.78
Cash flow per shareRs 12.08
Free cash flow per shareRs -2.92
Efficiency
Asset turnover1.64x
Fixed asset turnover10.25x
Inventory turnover2.91x
Inventory days125 days
Debtor days67 days
Debtors turnover5.48x
Creditor days110 days
Cash conversion cycle102 days
Working capital days9 days
Leverage
Total debtRs 66 Cr
Cash and bankRs 2 Cr
Net debtRs 64 Cr
Debt to equity1.08x
Net debt / EBITDA2.78x
Interest coverage3.90x
Owners' fund to total sources31.25%
Debt to assets33.88%
Cash flow
Cash from Operating Activity (latest year)Rs 21 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years3.92x
Sales to cash flow15.46x
Statement figures
Net sales (TTM)Rs 320 Cr
Net sales (latest year)Rs 320 Cr
Operating profit excl. other income (latest year)Rs 20 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 10 Cr
Net profit (latest year)Rs 10 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 225 Cr
Total expenditure (latest year)Rs 299 Cr
Total income (latest year)Rs 322 Cr
Share capitalRs 17 Cr
ReservesRs 44 Cr
Shareholders' fundsRs 61 Cr
Total assetsRs 194 Cr
Net blockRs 31 Cr
Capital work in progressRs 12 Cr
ReceivablesRs 58 Cr
InventoryRs 77 Cr
Other liabilitiesRs 68 Cr
Shares outstanding (crore)1.71
Ownership
Promoter holding73.52% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.4 is at the 8th percentile of its own 3.3-year range
(median 128.9, low 8.4, high 214.2).
P/B 1.97 is at the 22th percentile (median 2.21).
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 | GREENCHEF | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.7% | -2.8% | -1.9 pts |
| 1 month | +21.3% | -6.8% | +28.1 pts |
| 3 months | +38.2% | -7.6% | +45.9 pts |
| 6 months | +34.1% | +0.4% | +33.7 pts |
| 1 year | +7.6% | -9.9% | +17.5 pts |
| 2 years | -14.4% | -13.6% | -0.8 pts |
| 3 years | -37.1% | +14.2% | -51.3 pts |
Red flags
F-score 6 of 8| explain | Share dilution Share count up 375% in a year, 375% in three |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
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
Mar 2026Sales ₹207 Cr +15.0% vs Mar 2024.
Net loss ₹4 Cr.
Activity
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| Symphony Ltd | 3,993 | 1,026 | 20.6 % |
| Bajaj Electricals Ltd | 3,574 | 2.89 % | |
| Orient Electric Ltd | 3,340 | 28.0 | 19.9 % |
| Carysil Ltd | 3,006 | 27.9 | 18.0 % |
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.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1Mandatory Market making period in SME scrip is overSME scrip is not regularly traded