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 | 44.86 | 40.12 | 39.76 | 41.05 | 41.90 | 39.60 | 42.51 | 44.09 | 45.03 | 47.36 | 50.73 | 53.38 |
| Expenses | 37.86 | 34.66 | 34.55 | 34.20 | 36.36 | 35.55 | 36.46 | 37.69 | 37.70 | 39.40 | 41.52 | 42.32 |
| Operating Profit | 7.00 | 5.46 | 5.21 | 6.85 | 5.54 | 4.05 | 6.05 | 6.40 | 7.33 | 7.96 | 9.21 | 11.06 |
| OPM % | 15.60% | 13.61% | 13.10% | 16.69% | 13.22% | 10.23% | 14.23% | 14.52% | 16.28% | 16.81% | 18.15% | 20.72% |
| Other Income | 0.13 | 0.23 | 0.19 | 0.08 | 0.30 | 0.19 | 0.17 | 0.22 | 0.44 | -0.24 | 0.28 | 0.15 |
| Interest | 1.69 | 1.57 | 2.07 | 1.71 | 1.73 | 1.66 | 1.63 | 1.59 | 1.44 | 1.48 | 1.67 | 1.72 |
| Depreciation | 1.96 | 2.00 | 2.00 | 2.00 | 2.04 | 2.06 | 2.03 | 2.02 | 2.07 | 2.11 | 2.32 | 2.39 |
| Profit before tax | 3.48 | 2.12 | 1.33 | 3.22 | 2.07 | 0.52 | 2.56 | 3.01 | 4.26 | 4.13 | 5.50 | 7.10 |
| Tax % | 27.30% | 38.21% | 48.12% | 29.81% | 25.60% | 30.77% | 26.17% | 27.91% | 28.87% | 32.69% | 31.64% | 29.86% |
| Net Profit | 2.53 | 1.31 | 0.70 | 2.26 | 1.54 | 0.37 | 1.90 | 2.17 | 3.03 | 2.79 | 3.77 | 4.99 |
| EPS in Rs | 2.53 | 1.31 | 0.70 | 2.26 | 1.54 | 0.37 | 1.90 | 2.17 | 3.03 | 2.79 | 3.77 | 4.99 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85 | 92 | 108 | 119 | 95 | 105 | 132 | 170 | 171 | 165 | 188 | 196 |
| Expenses | 72 | 77 | 87 | 99 | 84 | 92 | 119 | 148 | 146 | 142 | 157 | 161 |
| Operating Profit | 13 | 15 | 21 | 20 | 11 | 13 | 13 | 22 | 25 | 23 | 31 | 36 |
| OPM % | 15% | 16% | 19% | 17% | 12% | 12% | 10% | 13% | 15% | 14% | 16% | 18% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 |
| Interest | 4 | 4 | 4 | 5 | 7 | 6 | 6 | 7 | 7 | 7 | 6 | 6 |
| Depreciation | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 9 |
| Profit before tax | 4 | 6 | 12 | 10 | -1 | 1 | 0 | 8 | 11 | 8 | 17 | 21 |
| Tax % | 36% | 33% | 34% | -4% | -33% | 28% | 26% | 28% | 32% | 28% | 30% | |
| Net Profit | 3 | 4 | 8 | 10 | -1 | 0 | 0 | 6 | 8 | 6 | 12 | 15 |
| EPS in Rs | 2.83 | 4.17 | 7.94 | 9.93 | -0.72 | 0.42 | 0.17 | 5.56 | 7.79 | 6.06 | 11.76 | 14.58 |
| Dividend Payout % | 12% | 15% | 16% | 10% | -7% | 149% | 74% | 9% | 6% | 4% | 4% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 8% | 12% | 3% | 17% | ||
| Compounded Profit Growth | 16% | 102% | 30% | 150% | ||
| Stock Price CAGR | 34% | 57% | 84% | 268% | ||
| Return on Equity | 7% | 7% | 10% | 13% |
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 10 |
| Reserves | 44 | 46 | 54 | 62 | 70 | 68 | 68 | 68 | 73 | 81 | 86 | 93 |
| Borrowings | 31 | 32 | 31 | 40 | 57 | 58 | 67 | 65 | 65 | 74 | 64 | 72 |
| Other Liabilities | 13 | 18 | 16 | 23 | 31 | 30 | 38 | 44 | 58 | 42 | 39 | 42 |
| Total Liabilities | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 202 | 195 | 217 |
| Fixed Assets | 41 | 44 | 51 | 63 | 79 | 82 | 90 | 90 | 89 | 89 | 85 | 101 |
| CWIP | 6 | 5 | 2 | 6 | 7 | 3 | 3 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 46 | 52 | 53 | 62 | 78 | 77 | 86 | 92 | 111 | 113 | 109 | 114 |
| Total Assets | 93 | 100 | 106 | 130 | 164 | 162 | 178 | 182 | 201 | 202 | 195 | 217 |
| 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 | 9 | 9 | 10 | 15 | 12 | 10 | 16 | 13 | 12 | 6 | 19 | 26 |
| Cash from Investing Activity | -6 | -6 | -5 | -20 | -22 | -6 | -13 | -4 | -6 | -7 | -4 | -24 |
| Cash from Financing Activity | -3 | -3 | -5 | 5 | 10 | -5 | -2 | -9 | -6 | 2 | -16 | -0 |
| Net Cash Flow | -0 | -1 | 0 | 0 | -0 | 0 | 1 | -0 | -1 | 1 | -1 | 2 |
| Free Cash Flow | 3 | 3 | 5 | -5 | -11 | 4 | 3 | 8 | 5 | -2 | 15 | 2 |
| CFO/OP | 89% | 81% | 80% | 87% | 68% | 96% | 127% | 106% | 65% | 28% | 91% | 95% |
| 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 | 85 | 87 | 70 | 76 | 63 | 68 | 98 | 79 | 77 | 78 | 92 | 76 |
| Inventory Days | 575 | 974 | 830 | 993 | 1,276 | 874 | 387 | 381 | 364 | 379 | 370 | |
| Days Payable | 299 | 643 | 451 | 658 | 703 | 634 | 279 | 302 | 169 | 212 | 201 | |
| Cash Conversion Cycle | 361 | 418 | 449 | 411 | 63 | 641 | 338 | 187 | 156 | 272 | 259 | 245 |
| Working Capital Days | 28 | 27 | 42 | 29 | 8 | -18 | 1 | -5 | -4 | 4 | 20 | 26 |
| ROCE % | 9% | 11% | 12% | 16% | 12% | 4% | 5% | 5% | 10% | 12% | 10% | 14% |
| 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 | 51.91% | 51.91% | 51.91% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.14% | 0.24% | 0.24% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.37% | 0.37% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 47.72% | 47.73% | 47.71% | 47.51% | 47.40% | 47.40% | 47.42% | 48.04% | 48.03% | 48.03% | 48.03% | 48.04% |
| No. of Shareholders | 3,317 | 3,548 | 3,672 | 3,700 | 3,984 | 4,121 | 4,058 | 4,903 | 4,920 | 4,701 | 4,558 | 4,819 |
Fundamentals
Market Cap₹ 1,516 Cr.
Current Price₹ 1,521
Stock P/E102
Book Value₹ 103
ROCE14.4 %
ROE12.5 %
Dividend Yield0.07 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)150%
Consolidated figures.
Valuation
Market capRs 1,595 Cr
Enterprise valueRs 1,663 Cr
P/E (TTM)109.41x
Price to book15.55x
Price to sales8.12x
EV / EBITDA45.95x
EV / EBIT60.91x
EV / sales8.46x
Price to cash flow61.88x
Earnings yield0.91%
Dividend yield0.03%
P/E, 3-year average29.74x
P/B, 3-year average2.81x
P/E, 5-year average113.69x
P/B, 5-year average2.09x
Profitability
Operating margin (excl. other income)16.46%
Operating margin (incl. other income)16.84%
EBITDA margin18.42%
Pre-tax margin10.68%
Net profit margin7.42%
Net margin, latest quarter9.35%
ROE12.13%
ROCE14.07%
ROA5.72%
ROE, 3-year average9.49%
ROCE, 3-year average12.03%
ROA, 3-year average4.22%
ROE, 5-year average7.21%
ROCE, 5-year average10.28%
ROA, 5-year average3.13%
ROIC (approx.)11.14%
Tax rate30.47%
Other income / net worth0.69%
Growth
Sales growth (latest year)14.16%
Profit growth (latest year)94.06%
Sales CAGR, 3 years3.47%
Sales CAGR, 5 years12.48%
Profit CAGR, 3 years28.36%
Profit CAGR, 5 years94.73%
Sales growth QoQ5.22%
Profit growth QoQ32.36%
Sales growth YoY (latest quarter)21.07%
Profit growth YoY (latest quarter)129.95%
Per share
EPS (TTM)Rs 14.58
EPS (latest year)Rs 11.76
EPS (latest quarter)Rs 4.99
EPS, 3-year averageRs 13.15
EPS, 5-year averageRs 10.18
Book value per shareRs 102.61
Sales per shareRs 196.50
Cash flow per shareRs 25.78
Free cash flow per shareRs 2.00
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.67
Dividend per share, 5-year averageRs 0.65
Dividends
Dividend payout4.25%
Dividend payout, 3-year average4.93%
Dividend payout, 5-year average18.88%
Efficiency
Asset turnover0.87x
Fixed asset turnover1.87x
Inventory turnover2.62x
Inventory days139 days
Debtor days76 days
Debtors turnover4.79x
Creditor days201 days
Cash conversion cycle245 days
Working capital days26 days
Leverage
Total debtRs 72 Cr
Cash and bankRs 4 Cr
Net debtRs 68 Cr
Debt to equity0.70x
Net debt / EBITDA1.87x
Interest coverage4.33x
Owners' fund to total sources47.38%
Debt to assets33.06%
Cash flow
Cash from Operating Activity (latest year)Rs 26 Cr
Cash from Investing Activity (latest year)Rs -24 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 9 Cr
Cash from ops / profit, 5 years2.38x
Sales to cash flow7.31x
Statement figures
Net sales (TTM)Rs 196 Cr
Net sales (latest year)Rs 188 Cr
Sales (latest quarter)Rs 53 Cr
Operating profit excl. other income (latest year)Rs 31 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 30 Cr
Profit before tax (TTM)Rs 21 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 12 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 136 Cr
Total expenditure (latest year)Rs 157 Cr
Total income (latest year)Rs 189 Cr
Share capitalRs 10 Cr
ReservesRs 93 Cr
Shareholders' fundsRs 103 Cr
Total assetsRs 217 Cr
Net blockRs 101 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 39 Cr
InventoryRs 52 Cr
Other liabilitiesRs 42 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding51.97% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 109.4 is at the 85th percentile of its own 7.4-year range
(median 52.8, low 6.5, high 377.9).
P/B 15.55 is at the 99th percentile (median 2.50).
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 | INVPRECQ | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +9.9% | -2.8% | +12.7 pts |
| 1 month | +24.5% | -6.8% | +31.3 pts |
| 3 months | +85.5% | -7.6% | +93.1 pts |
| 3 years | +552.4% | +14.2% | +538.3 pts |
| 5 years | +897.9% | +27.9% | +870.0 pts |
Red flags
F-score 8 of 8| 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 ₹53 Cr +21.1% vs Jun 2025.
Net profit ₹5 Cr +130.0%.
Activity
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|---|---|---|---|
| AIA Engineering Ltd | 35,795 | 28.2 | 21.1 % |
| PTC Industries Ltd | 33,786 | 269 | 8.59 % |
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| Steelcast Ltd | 3,779 | 41.7 | 32.3 % |
| Amic Forging Ltd | 2,764 | 90.7 | 25.2 % |
| Nelcast Ltd | 1,033 | 25.2 | 11.4 % |
| Synergy Green Industries Ltd | 1,012 | 9.24 % | |
| Tirupati Forge Ltd | 978 | 160 | 7.53 % |
| Neetu Yoshi Ltd | 963 | 38.5 | 31.8 % |
| Magna Electro Castings Ltd | 587 | 37.8 | 17.4 % |
| Kalyani Forge Ltd | 364 | 29.4 | 12.2 % |
| Nitin Castings Ltd | 235 | 28.9 | 15.5 % |
| Munish Forge Ltd | 217 | 20.6 | 12.0 % |
| KVS Castings Ltd | 156 | 22.1 | 15.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-06 | Dividend - Re 1 Per Sh |
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