Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 13.15 | 11.75 | 14.64 | 17.88 | 23.53 | 30.33 |
| Expenses | 11.72 | 8.83 | 11.26 | 16.21 | 19.27 | 28.98 |
| Operating Profit | 1.43 | 2.92 | 3.38 | 1.67 | 4.26 | 1.35 |
| OPM % | 10.87% | 24.85% | 23.09% | 9.34% | 18.10% | 4.45% |
| Other Income | 0.58 | 0.02 | 0.02 | 0.37 | 0.08 | 0.24 |
| Interest | 0.98 | 0.32 | 0.54 | 0.46 | 0.36 | 0.49 |
| Depreciation | 0.19 | 0.19 | 0.65 | 1.19 | 1.28 | 1.39 |
| Profit before tax | 0.84 | 2.43 | 2.21 | 0.39 | 2.70 | -0.29 |
| Tax % | 22.62% | 22.63% | 23.08% | 58.97% | 25.19% | 55.17% |
| Net Profit | 0.65 | 1.87 | 1.71 | 0.16 | 2.02 | -0.44 |
| EPS in Rs | 0.68 | 1.97 | 1.32 | 0.12 | 1.56 | -0.34 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 12.30 | 22.18 | 23.29 | 24.90 | 32.52 | 53.81 |
| Expenses | 11.18 | 20.49 | 17.56 | 20.54 | 27.47 | 48.21 |
| Operating Profit | 1.12 | 1.69 | 5.73 | 4.36 | 5.05 | 5.60 |
| OPM % | 9.11% | 7.62% | 24.60% | 17.51% | 15.53% | 10.41% |
| Other Income | 0.09 | 0.02 | 0.02 | 0.59 | 0.39 | 0.32 |
| Interest | 0.71 | 0.84 | 0.95 | 1.30 | 1.00 | 0.85 |
| Depreciation | 0.30 | 0.32 | 0.44 | 0.39 | 1.84 | 2.67 |
| Profit before tax | 0.20 | 0.55 | 4.36 | 3.26 | 2.60 | 2.40 |
| Tax % | 0.00% | 0.00% | 26.15% | 22.70% | 28.46% | 34.58% |
| Net Profit | 0.20 | 0.55 | 3.22 | 2.52 | 1.87 | 1.57 |
| EPS in Rs | 1.06 | 1.91 | 11.17 | 2.65 | 1.45 | 1.21 |
| Dividend Payout % | 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 | % | 34% | 32% | 65% | ||
| Compounded Profit Growth | % | 51% | -21% | -16% | ||
| Stock Price CAGR | % | % | % | 78% | ||
| Return on Equity | % | 11% | 7% | 4% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.88 | 2.88 | 2.88 | 9.52 | 12.94 | 12.94 |
| Reserves | 0.42 | 0.91 | 4.18 | 5.20 | 28.38 | 29.96 |
| Borrowings | 7.87 | 9.82 | 12.10 | 13.31 | 15.23 | 14.92 |
| Other Liabilities | 2.24 | 2.28 | 3.41 | 5.99 | 4.54 | 4.09 |
| Total Liabilities | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.91 |
| Fixed Assets | 3.14 | 3.12 | 3.44 | 15.46 | 19.20 | 21.59 |
| CWIP | 0.00 | 2.19 | 6.14 | 0.41 | 1.83 | 0.53 |
| Investments | 0.06 | 0.10 | 0.17 | 0.00 | 0.00 | 0.06 |
| Other Assets | 9.21 | 10.48 | 12.82 | 18.15 | 40.06 | 39.73 |
| Total Assets | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.91 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.13 | -0.18 | 3.53 | 2.62 | -18.47 | 9.26 |
| Cash from Investing Activity | -0.69 | -2.72 | -4.72 | -6.09 | -8.42 | -8.01 |
| Cash from Financing Activity | 0.80 | 2.88 | 1.18 | 3.47 | 26.99 | 1.39 |
| Net Cash Flow | -0.02 | -0.01 | -0.01 | 0.01 | 0.10 | 2.64 |
| Free Cash Flow | -0.82 | -2.66 | -1.18 | -4.07 | -25.46 | 5.50 |
| CFO/OP | -12% | -11% | 62% | 60% | -357% | 177% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 38.87 | 25.84 | 24.13 | 51.60 | 71.38 | 74.61 |
| Inventory Days | 311.68 | 181.10 | 252.18 | 261.74 | 252.13 | 131.25 |
| Days Payable | 81.83 | 48.01 | 45.35 | 68.84 | 58.45 | 16.25 |
| Cash Conversion Cycle | 268.72 | 158.92 | 230.97 | 244.50 | 265.06 | 189.61 |
| Working Capital Days | 73.89 | 56.61 | 75.70 | 95.43 | 283.74 | 142.51 |
| ROCE % | 11.69% | 32.41% | 19.33% | 8.51% | 5.68% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Aug 2026 | |
|---|---|---|---|---|---|
| Promoters | 54.80% | 54.80% | 54.80% | 56.72% | 55.02% |
| FIIs | 1.03% | 4.28% | 2.82% | 2.36% | 2.28% |
| DIIs | 0.57% | 1.02% | 1.65% | 3.38% | 3.33% |
| Public | 43.60% | 39.89% | 40.73% | 37.54% | 39.37% |
| No. of Shareholders | 799 | 845 | 940 | 1,174 | 1,289 |
Fundamentals
Market Cap₹ 367 Cr.
Current Price₹ 284
Stock P/E234
Book Value₹ 33.2
ROCE5.68 %
ROE3.73 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)65%
Compounded Profit Growth (TTM)-16%
Standalone figures.
Valuation
Market capRs 362 Cr
Enterprise valueRs 372 Cr
P/E (TTM)658.78x
Price to book95.60x
Price to sales16.34x
EV / EBITDA217.62x
EV / EBIT267.72x
EV / sales16.78x
Earnings yield0.15%
Profitability
Operating margin (excl. other income)7.62%
Operating margin (incl. other income)7.71%
EBITDA margin7.71%
Pre-tax margin2.48%
Net profit margin2.48%
ROE18.06%
ROCE11.69%
ROA3.89%
ROIC (approx.)10.23%
Other income / net worth0.53%
Growth
Sales growth (latest year)80.33%
Profit growth (latest year)175.00%
Per share
EPS (TTM)Rs 0.42
EPS (latest year)Rs 1.91
Book value per shareRs 2.93
Sales per shareRs 17.14
Cash flow per shareRs -0.14
Free cash flow per shareRs 4.25
Efficiency
Asset turnover1.40x
Fixed asset turnover7.11x
Inventory turnover2.32x
Inventory days158 days
Debtor days26 days
Debtors turnover14.13x
Creditor days16 days
Cash conversion cycle190 days
Working capital days143 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 0 Cr
Net debtRs 10 Cr
Debt to equity2.59x
Net debt / EBITDA5.73x
Interest coverage1.65x
Owners' fund to total sources23.85%
Debt to assets61.80%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 7 Cr
Cash from ops / profit, 5 years-0.33x
Statement figures
Net sales (TTM)Rs 22 Cr
Net sales (latest year)Rs 22 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 18 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 22 Cr
Share capitalRs 3 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 16 Cr
Net blockRs 3 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 8 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.29
Ownership
Promoter holding55.02% (+0.22 in a year)
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 | INNOMET | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.3% | -2.8% | +2.5 pts |
| 1 month | +5.2% | -6.8% | +12.0 pts |
| 3 months | +96.2% | -7.6% | +103.8 pts |
| 6 months | +291.1% | +0.4% | +290.7 pts |
| 1 year | +69.9% | -9.9% | +79.8 pts |
Red flags
F-score 4 of 7| explain | Weak cash conversion Cash from operations was -41% of net profit over the last 2 years |
| 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
Mar 2026Sales ₹30 Cr +158.1% vs Mar 2024.
Net loss ₹0 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Vedanta Ltd | 101,670 | 9.24 | 16.1 % |
| Jain Resource Recycling Ltd | 9,926 | 27.2 | 25.7 % |
| Pondy Oxides & Chemicals Ltd | 3,518 | 23.8 | 24.0 % |
| Ardee Industries Ltd | 1,614 | 18.7 | 49.1 % |
| Bonlon Industries Ltd | 66 | 25.1 | 5.40 % |
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 daysSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)