Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 186 | 153 | 141 | 209 | 170 | 161 |
| Expenses | 171 | 141 | 132 | 199 | 161 | 149 |
| Operating Profit | 15 | 12 | 10 | 11 | 9 | 12 |
| OPM % | 8% | 8% | 7% | 5% | 5% | 8% |
| Other Income | 1 | 1 | 1 | 1 | 0 | 1 |
| Interest | 5 | 4 | 2 | 1 | 1 | 0 |
| Depreciation | 2 | 3 | 2 | 3 | 2 | 3 |
| Profit before tax | 8 | 6 | 6 | 7 | 6 | 10 |
| Tax % | 24% | 34% | 13% | 22% | 30% | 23% |
| Net Profit | 6 | 4 | 5 | 6 | 4 | 8 |
| EPS in Rs | 24.16 | 2.56 | 2.47 | 2.61 | 2.03 | 3.60 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 158 | 249 | 331 | 339 | 351 | 331 |
| Expenses | 143 | 228 | 311 | 312 | 330 | 310 |
| Operating Profit | 16 | 21 | 20 | 27 | 20 | 21 |
| OPM % | 10% | 8% | 6% | 8% | 6% | 6% |
| Other Income | 3 | 1 | 2 | 2 | 1 | 2 |
| Interest | 7 | 8 | 10 | 9 | 3 | 1 |
| Depreciation | 5 | 4 | 4 | 6 | 5 | 5 |
| Profit before tax | 7 | 11 | 8 | 15 | 13 | 16 |
| Tax % | 24% | 31% | 6% | 28% | 18% | 26% |
| Net Profit | 5 | 7 | 8 | 10 | 11 | 12 |
| EPS in Rs | 18.97 | 27.94 | 29.46 | 6.58 | 5.09 | 5.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 0% | -6% | ||
| Compounded Profit Growth | % | 23% | 18% | 13% | ||
| Stock Price CAGR | % | % | % | 40% | ||
| Return on Equity | % | 16% | 14% | 10% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 16 | 22 | 22 |
| Reserves | 18 | 25 | 33 | 29 | 88 | 100 |
| Borrowings | 79 | 91 | 107 | 63 | 17 | 23 |
| Other Liabilities | 8 | 8 | 8 | 11 | 10 | 9 |
| Total Liabilities | 108 | 128 | 151 | 120 | 136 | 153 |
| Fixed Assets | 28 | 25 | 32 | 41 | 42 | 38 |
| CWIP | 0 | 10 | 5 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 2 | 0 | 0 |
| Other Assets | 80 | 93 | 113 | 76 | 94 | 113 |
| Total Assets | 108 | 128 | 151 | 120 | 136 | 153 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 6 | 2 | 62 | 0 | 20 |
| Cash from Investing Activity | -2 | -10 | -6 | -10 | -4 | -24 |
| Cash from Financing Activity | -1 | 4 | 6 | -52 | 4 | 5 |
| Net Cash Flow | -0 | 0 | 2 | -1 | 0 | -0 |
| Free Cash Flow | -1 | -6 | -7 | 48 | -6 | 18 |
| CFO/OP | 22% | 34% | 19% | 243% | 15% | 113% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 109 | 65 | 59 | 44 | 32 | 40 |
| Inventory Days | 59 | 61 | 49 | 19 | 41 | 50 |
| Days Payable | 12 | 6 | 4 | 4 | 7 | 6 |
| Cash Conversion Cycle | 156 | 120 | 104 | 58 | 66 | 84 |
| Working Capital Days | 21 | 35 | 28 | 5 | 67 | 89 |
| ROCE % | 16% | 13% | 18% | 13% | 13% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 73.61% | 74.98% | 74.98% | 74.98% |
| FIIs | 5.98% | 4.01% | 0.05% | 0.00% |
| Public | 20.41% | 21.01% | 24.97% | 25.02% |
| No. of Shareholders | 1,499 | 1,616 | 1,651 | 1,593 |
Fundamentals
Market Cap₹ 317 Cr.
Current Price₹ 147
Stock P/E27.4
Book Value₹ 56.3
ROCE12.7 %
ROE10.0 %
Dividend Yield0.34 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)13%
Standalone figures.
Valuation
Market capRs 343 Cr
Enterprise valueRs 431 Cr
P/E (TTM)46.42x
Price to book12.21x
Price to sales1.38x
EV / EBITDA19.67x
EV / EBIT23.53x
EV / sales1.73x
Price to cash flow61.83x
Earnings yield2.15%
Profitability
Operating margin (excl. other income)8.46%
Operating margin (incl. other income)8.81%
EBITDA margin8.81%
Pre-tax margin4.28%
Net profit margin2.97%
ROE30.28%
ROCE16.69%
ROA6.26%
ROIC (approx.)10.88%
Tax rate30.70%
Other income / net worth3.06%
Growth
Sales growth (latest year)57.23%
Profit growth (latest year)47.31%
Per share
EPS (TTM)Rs 3.43
EPS (latest year)Rs 27.94
Book value per shareRs 13.03
Sales per shareRs 115.57
Cash flow per shareRs 2.57
Free cash flow per shareRs 8.36
Efficiency
Asset turnover1.95x
Fixed asset turnover10.01x
Inventory turnover6.35x
Inventory days57 days
Debtor days65 days
Debtors turnover5.58x
Creditor days6 days
Cash conversion cycle84 days
Working capital days89 days
Leverage
Total debtRs 91 Cr
Cash and bankRs 3 Cr
Net debtRs 89 Cr
Debt to equity3.26x
Net debt / EBITDA4.04x
Interest coverage2.39x
Owners' fund to total sources21.94%
Debt to assets71.49%
Cash flow
Cash from Operating Activity (latest year)Rs 6 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 30 Cr
Cash from ops / profit, 5 years1.88x
Sales to cash flow44.92x
Statement figures
Net sales (TTM)Rs 249 Cr
Net sales (latest year)Rs 249 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 22 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Depreciation (TTM)Rs 4 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 212 Cr
Total expenditure (latest year)Rs 228 Cr
Total income (latest year)Rs 250 Cr
Share capitalRs 3 Cr
ReservesRs 25 Cr
Shareholders' fundsRs 28 Cr
Total assetsRs 128 Cr
Net blockRs 25 Cr
Capital work in progressRs 10 Cr
ReceivablesRs 45 Cr
InventoryRs 33 Cr
Other liabilitiesRs 8 Cr
Shares outstanding (crore)2.15
Ownership
Promoter holding74.98%
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 | KATARIA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.8% | -2.8% | +9.6 pts |
| 1 month | +51.5% | -6.8% | +58.2 pts |
| 3 months | +60.7% | -7.6% | +68.3 pts |
| 6 months | +55.4% | +0.4% | +55.0 pts |
| 1 year | +56.8% | -9.9% | +66.7 pts |
| 2 years | -17.4% | -13.6% | -3.9 pts |
Red flags
F-score 6 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
Mar 2026Sales ₹161 Cr +5.2% vs Mar 2024.
Net profit ₹8 Cr +100.0%.
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