Price
Financials
Standalone, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 161 | 190 | 185 | 209 |
| Expenses | 155 | 183 | 176 | 198 |
| Operating Profit | 7 | 7 | 9 | 11 |
| OPM % | 4.2% | 3.8% | 4.8% | 5% |
| Other Income | 0 | 1 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 6 | 7 | 8 | 11 |
| Tax % | 23% | 28% | 25% | 27% |
| Net Profit | 4 | 5 | 6 | 8 |
| EPS in Rs | 4.62 | 4.93 | 4.30 | 5.47 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 61 | 64 | 67 | 339 | 351 | 393 |
| Expenses | 59 | 63 | 66 | 330 | 337 | 374 |
| Operating Profit | 2 | 1 | 1 | 8 | 14 | 20 |
| OPM % | 2.7% | 2.0% | 2.0% | 2.4% | 4.0% | 5.0% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 7 | 12 | 19 |
| Tax % | 20% | 22% | 26% | 26% | 25% | 26% |
| Net Profit | 0 | 0 | 0 | 5 | 9 | 14 |
| EPS in Rs | 1.40 | 1.05 | 2.63 | 88.07 | 9.54 | 9.77 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 45% | 80% | 12% | ||
| Compounded Profit Growth | % | 181% | 364% | 52% | ||
| Stock Price CAGR | % | % | % | 52% | ||
| Return on Equity | % | 35% | 37% | 26% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.57 | 0.57 | 0.57 | 0.57 | 10 | 14 |
| Reserves | 2 | 2 | 2 | 7 | 15 | 71 |
| Borrowings | 14 | 15 | 17 | 17 | 19 | 6 |
| Other Liabilities | 3 | 10 | 17 | 11 | 27 | 25 |
| Total Liabilities | 20 | 28 | 37 | 36 | 71 | 116 |
| Fixed Assets | 1 | 1 | 1 | 7 | 7 | 7 |
| CWIP | -0 | -0 | 5 | -0 | -0 | 10 |
| Investments | 0 | 1 | 0 | 0 | -0 | -0 |
| Other Assets | 19 | 26 | 31 | 28 | 64 | 99 |
| Total Assets | 20 | 28 | 37 | 36 | 71 | 116 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 3 | 7 | -5 | -23 | |
| Cash from Investing Activity | 0 | -4 | -3 | -1 | -8 | |
| Cash from Financing Activity | -1 | 1 | -1 | 8 | 32 | |
| Net Cash Flow | -1 | 0 | 3 | 2 | 0 | |
| Free Cash Flow | -0 | -1 | 4 | -6 | -35 | |
| CFO/OP | 9% | 257% | 97% | -21% | -92% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 94 | 119 | 103 | 10 | 32 | 53 |
| Inventory Days | 12 | 13 | 50 | 15 | 24 | 31 |
| Days Payable | 19 | 59 | 92 | 10 | 27 | 22 |
| Cash Conversion Cycle | 88 | 73 | 61 | 15 | 29 | 62 |
| Working Capital Days | 30 | 23 | 15 | 4 | 12 | 59 |
| ROCE % | 7% | 7% | 35% | 40% | 30% |
| Jun 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Promoters | 67.36% | 67.36% | 67.36% |
| FIIs | 0.00% | 0.00% | 0.17% |
| DIIs | 3.12% | 0.00% | 0.67% |
| Public | 29.52% | 32.64% | 31.81% |
| No. of Shareholders | 2,675 | 1,010 | 792 |
Fundamentals
Market Cap₹ 293 Cr.
Current Price₹ 204
Stock P/E20.9
Book Value₹ 59.3
ROCE29.9 %
ROE25.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)52%
Standalone figures.
Valuation
Market capRs 268 Cr
Enterprise valueRs 283 Cr
P/E (TTM)4466.87x
Price to book99.26x
Price to sales4.18x
EV / EBITDA210.83x
EV / EBIT254.52x
EV / sales4.41x
Price to cash flow3828.75x
Earnings yield0.02%
Profitability
Operating margin (excl. other income)2.04%
Operating margin (incl. other income)2.09%
EBITDA margin2.09%
Pre-tax margin0.14%
Net profit margin0.09%
ROE2.25%
ROCE6.49%
ROA0.25%
ROIC (approx.)5.02%
Tax rate22.22%
Other income / net worth1.11%
Growth
Sales growth (latest year)5.77%
Profit growth (latest year)-25.00%
Per share
EPS (TTM)Rs 0.04
EPS (latest year)Rs 1.05
Book value per shareRs 1.88
Sales per shareRs 44.70
Cash flow per shareRs 0.05
Free cash flow per shareRs -24.39
Efficiency
Asset turnover2.32x
Fixed asset turnover103.44x
Inventory turnover27.85x
Inventory days13 days
Debtor days119 days
Debtors turnover3.06x
Creditor days22 days
Cash conversion cycle62 days
Working capital days59 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 0 Cr
Net debtRs 14 Cr
Debt to equity5.41x
Net debt / EBITDA10.82x
Interest coverage1.09x
Owners' fund to total sources9.76%
Debt to assets52.84%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -35 Cr
Cash from ops / profit, 5 years-0.64x
Sales to cash flow916.14x
Statement figures
Net sales (TTM)Rs 64 Cr
Net sales (latest year)Rs 64 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 63 Cr
Total expenditure (latest year)Rs 63 Cr
Total income (latest year)Rs 64 Cr
Share capitalRs 1 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 28 Cr
Net blockRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 21 Cr
InventoryRs 2 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)1.43
Ownership
Promoter holding67.36%
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 | JAINIK | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.2% | -2.8% | -4.4 pts |
| 1 month | -6.6% | -6.8% | +0.2 pts |
| 3 months | +18.2% | -7.6% | +25.8 pts |
| 6 months | +69.5% | +0.4% | +69.1 pts |
| 1 year | +41.5% | -9.9% | +51.4 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 34% vs sales +6% in 2026 |
| explain | Low interest cover Interest cover 1.1x 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
No quarterly results published.
Activity
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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 traded