Price
Financials
Standalone, Rs crore| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 83.45 | 63.26 | 81.89 | 98.47 | 101.40 |
| Expenses | 74.86 | 55.65 | 69.59 | 84.48 | 89.09 |
| Operating Profit | 8.59 | 7.61 | 12.30 | 13.99 | 12.31 |
| OPM % | 10.29% | 12.03% | 15.02% | 14.21% | 12.14% |
| Other Income | 2.20 | 2.12 | 3.00 | 6.47 | 3.03 |
| Interest | 0.52 | 0.40 | 0.44 | 0.62 | 0.67 |
| Depreciation | 1.35 | 1.34 | 1.44 | 1.65 | 1.43 |
| Profit before tax | 8.92 | 7.99 | 13.42 | 18.19 | 13.24 |
| Tax % | 25.56% | 25.28% | 26.38% | 25.07% | 25.68% |
| Net Profit | 6.64 | 5.97 | 9.88 | 13.63 | 9.83 |
| EPS in Rs | 0.60 | 0.54 | 0.89 | 1.23 | 0.80 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 99 | 86 | 107 | 114 | 132 | 267 | 316 |
| Expenses | 88 | 79 | 94 | 115 | 119 | 233 | 273 |
| Operating Profit | 10 | 7 | 13 | -1 | 13 | 34 | 43 |
| OPM % | 11% | 9% | 12% | -0.8% | 10% | 13% | 14% |
| Other Income | 1 | 3 | 2 | 2 | 5 | 10 | 16 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 3 | 2 | 2 | 3 | 3 | 5 | 6 |
| Profit before tax | 8 | 7 | 13 | -3 | 14 | 36 | 51 |
| Tax % | 7% | 24% | 29% | 18% | 25% | 26% | 26% |
| Net Profit | 7 | 6 | 9 | -3 | 10 | 27 | 38 |
| EPS in Rs | 0.67 | 0.51 | 0.81 | -0.28 | 0.95 | 2.44 | 3.45 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 30% | 41% | 19% | ||
| Compounded Profit Growth | % | 50% | 266% | 41% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 15% | 17% | 17% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 35 | 37 | 56 | 51 | 61 | 181 | 220 |
| Borrowings | 26 | 25 | 22 | 28 | 40 | 12 | 25 |
| Other Liabilities | 24 | 21 | 26 | 36 | 28 | 36 | 49 |
| Total Liabilities | 96 | 94 | 116 | 126 | 141 | 241 | 305 |
| Fixed Assets | 21 | 20 | 20 | 22 | 25 | 40 | 41 |
| CWIP | 0 | 0 | 2 | 1 | 2 | 1 | 1 |
| Investments | 12 | 16 | 20 | 16 | 8 | 32 | 34 |
| Other Assets | 62 | 58 | 74 | 86 | 107 | 168 | 230 |
| Total Assets | 96 | 94 | 116 | 126 | 141 | 241 | 305 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 10 | 5 | 1 | 7 | -2 | 21 | 8 |
| Cash from Investing Activity | -1 | -2 | -11 | -8 | -8 | -5 | -20 |
| Cash from Financing Activity | -5 | -4 | 7 | 3 | 11 | -20 | 11 |
| Net Cash Flow | 5 | -1 | -3 | 2 | 1 | -3 | -1 |
| Free Cash Flow | 9 | 5 | -4 | 2 | -8 | 16 | 3 |
| CFO/OP | 113% | 75% | 31% | -852% | 5% | 91% | 45% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 57 | 52 | 76 | 67 | 81 | 90 |
| Inventory Days | 128 | 149 | 192 | 150 | 146 | 132 | 145 |
| Days Payable | 108 | 95 | 108 | 152 | 80 | 48 | 61 |
| Cash Conversion Cycle | 71 | 110 | 136 | 74 | 132 | 164 | 174 |
| Working Capital Days | 89 | 58 | 76 | 65 | 1 | 147 | 168 |
| ROCE % | 10% | 15% | 2% | 15% | 23% | 22% |
| Jun 2026 | |
|---|---|
| Promoters | 64.29% |
| FIIs | 0.29% |
| DIIs | 6.42% |
| Public | 28.99% |
| No. of Shareholders | 20,187 |
Fundamentals
Market Cap₹ 790 Cr.
Current Price₹ 65.3
Stock P/E20.0
Book Value₹
ROCE22.2 %
ROE16.8 %
Dividend Yield0.46 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)41%
Standalone figures.
Valuation
Market capRs 761 Cr
Enterprise valueRs 783 Cr
Price to book12.29x
Price to sales6.67x
EV / EBITDA555.47x
EV / sales6.87x
Price to cash flow106.30x
Earnings yield-0.41%
Profitability
Operating margin (excl. other income)-0.81%
Operating margin (incl. other income)1.24%
EBITDA margin1.24%
Pre-tax margin-2.31%
Net profit margin-2.72%
ROE-4.80%
ROCE-1.39%
ROA-2.57%
ROE, 3-year average7.61%
ROCE, 3-year average8.94%
ROA, 3-year average3.98%
ROIC (approx.)-1.74%
Tax rate-17.87%
Other income / net worth3.76%
Growth
Sales growth (latest year)6.86%
Profit growth (latest year)-134.71%
Sales CAGR, 3 years4.93%
Per share
EPS (TTM)Rs -0.28
EPS (latest year)Rs -0.28
EPS, 3-year averageRs 0.35
Book value per shareRs 5.60
Sales per shareRs 10.31
Cash flow per shareRs 0.65
Free cash flow per shareRs 0.27
Efficiency
Asset turnover0.91x
Fixed asset turnover5.09x
Inventory turnover2.52x
Inventory days145 days
Debtor days76 days
Debtors turnover4.82x
Creditor days61 days
Cash conversion cycle174 days
Working capital days168 days
Leverage
Total debtRs 28 Cr
Cash and bankRs 6 Cr
Net debtRs 22 Cr
Debt to equity0.45x
Net debt / EBITDA15.67x
Interest coverage-0.89x
Current ratio (filing 2026-03-31)3.90x
Quick ratio (filing 2026-03-31)2.88x
Trade payables (filing 2026-03-31)Rs 28 Cr
Owners' fund to total sources49.25%
Debt to assets21.97%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 3 Cr
FCFE (approx.: FCF + change in debt)Rs 9 Cr
Cash from ops / profit, 5 years0.43x
Sales to cash flow15.93x
Statement figures
Net sales (TTM)Rs 114 Cr
Net sales (latest year)Rs 114 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -3 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -3 Cr
Net profit (latest year)Rs -3 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 68 Cr
Total expenditure (latest year)Rs 115 Cr
Total income (latest year)Rs 116 Cr
Share capitalRs 11 Cr
ReservesRs 51 Cr
Shareholders' fundsRs 62 Cr
Total assetsRs 126 Cr
Net blockRs 22 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 16 Cr
ReceivablesRs 24 Cr
InventoryRs 27 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)11.06
Ownership
Promoter holding64.29%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | HEXAGON | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.2% | -2.8% | +9.0 pts |
| 1 month | +3.9% | -6.8% | +10.7 pts |
| 3 months | -6.3% | -7.6% | +1.4 pts |
1 mutual fund schemes hold about ₹17 Cr.
Over three months 0 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Bandhan Small Cap Fund | 0.05% | 17 |
Red flags
F-score 3 of 8| explain | Receivables outrunning sales Receivables grew 56% vs sales +7% 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.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2026-09-18 | Dr. Nikhil Kelkar | Promoter group | buy | 5,000 | SAST Open Market | |
| 2026-09-17 | Mr. Vikram Arun Kelkar | Promoter group | buy | 10,000 | SAST Open Market | |
| 2026-09-17 | Ms. Anuradha Kelkar | Promoter group | buy | 10,000 | SAST Open Market | |
| 2026-09-17 | Preeti Vikram Kelkar | Promoter group | buy | 5,000 | SAST Open Market | |
| 2026-09-16 | Dr. Nikhil Kelkar, | Promoter group | buy | 10,000 | SAST Open Market |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Jun 2026Sales ₹101 Cr +21.5% vs Mar 2025.
Net profit ₹10 Cr +48.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Nestle India Ltd | 259,493 | 69.1 | 84.1 % |
| Britannia Industries Ltd | 116,460 | 44.7 | 56.0 % |
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| The Bombay Burmah Trading Corporation Ltd | 9,454 | 7.63 | 33.0 % |
| Mrs Bectors Food Specialities Ltd | 6,407 | 49.6 | 12.9 % |
| Gopal Snacks Ltd | 3,153 | 57.4 | 11.7 % |
| ADF Foods Ltd | 2,949 | 30.5 | 21.8 % |
| Prataap Snacks Ltd | 2,526 | 198 | 3.17 % |
| Tasty Bite Eatables Ltd | 2,472 | 68.1 | 14.0 % |
| Shah Foods Ltd | 807 | 245 | % |
| Lotus Chocolate Company Ltd | 721 | 9.71 % | |
| Euro India Fresh Foods Ltd | 687 | 129 | 9.83 % |
| Ganesh Consumer Products Ltd | 618 | 13.6 | 19.3 % |
| Nurture Well Industries Ltd | 462 | 7.96 | 22.9 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-15 | Dividend - Re 0.30 Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Board meeting outcome | Outcome of Board Meeting held on 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.
ESM: stage 1