Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 64 | 87 | 67 | 93 | 89 | 91 |
| Expenses | 58 | 71 | 56 | 81 | 78 | 82 |
| Operating Profit | 6 | 15 | 10 | 12 | 11 | 9 |
| OPM % | 9% | 18% | 15% | 13% | 12% | 10% |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 |
| Interest | 1 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 5 | 14 | 9 | 11 | 9 | 6 |
| Tax % | 20% | 27% | 14% | 23% | 19% | 41% |
| Net Profit | 4 | 10 | 7 | 8 | 7 | 3 |
| EPS in Rs | 142.37 | 14.24 | 10.14 | 8.32 | 6.80 | 3.25 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 27 | 34 | 53 | 151 | 160 | 180 |
| Expenses | 25 | 32 | 48 | 129 | 137 | 160 |
| Operating Profit | 2 | 2 | 5 | 22 | 23 | 20 |
| OPM % | 6% | 6% | 9% | 15% | 14% | 11% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 0 | 0 | 1 | 2 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 4 | 20 | 19 | 14 |
| Tax % | 28% | 30% | 29% | 26% | 19% | 28% |
| Net Profit | 1 | 1 | 3 | 15 | 16 | 10 |
| EPS in Rs | 80.00 | 105.00 | 271.00 | 19.97 | 15.67 | 10.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 47% | 50% | 12% | ||
| Compounded Profit Growth | % | 66% | 55% | -36% | ||
| Stock Price CAGR | % | % | % | -6% | ||
| Return on Equity | % | 24% | 23% | 10% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 7 | 10 | 10 |
| Reserves | 3 | 4 | 7 | 24 | 83 | 92 |
| Borrowings | 5 | 6 | 14 | 30 | 27 | 73 |
| Other Liabilities | 2 | 8 | 12 | 21 | 31 | 23 |
| Total Liabilities | 10 | 18 | 33 | 82 | 151 | 198 |
| Fixed Assets | 0 | 1 | 2 | 2 | 2 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10 | 17 | 32 | 81 | 149 | 190 |
| Total Assets | 10 | 18 | 33 | 82 | 151 | 198 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1 | -6 | -22 | -39 | -30 | |
| Cash from Investing Activity | -1 | -1 | -1 | -0 | -6 | |
| Cash from Financing Activity | 1 | 8 | 23 | 40 | 39 | |
| Net Cash Flow | -1 | 0 | 0 | 1 | 3 | |
| Free Cash Flow | -2 | -8 | -23 | -40 | -37 | |
| CFO/OP | -28% | -153% | -87% | -157% | -122% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 83 | 112 | 143 | 82 | 153 | 140 |
| Inventory Days | 29 | 166 | 54 | 52 | 968 | 586 |
| Days Payable | 46 | 581 | 312 | 279 | 537 | 163 |
| Cash Conversion Cycle | 66 | -302 | -115 | -146 | 584 | 562 |
| Working Capital Days | 64 | 24 | 68 | 59 | 194 | 174 |
| ROCE % | 20% | 28% | 55% | 26% | 13% |
| Oct 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 69.22% | 69.27% | 69.27% | 69.27% |
| FIIs | 5.47% | 1.20% | 1.01% | 0.45% |
| DIIs | 5.69% | 1.86% | 0.42% | 0.42% |
| Public | 19.62% | 27.68% | 29.30% | 29.86% |
| No. of Shareholders | 1,791 | 1,645 | 1,601 | 1,449 |
Fundamentals
Market Cap₹ 114 Cr.
Current Price₹ 113
Stock P/E11.2
Book Value₹ 101
ROCE13.5 %
ROE10.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-36%
Standalone figures.
Valuation
Market capRs 103 Cr
Enterprise valueRs 109 Cr
P/E (TTM)97.91x
Price to book26.36x
Price to sales3.01x
EV / EBITDA52.22x
EV / EBIT61.37x
EV / sales3.18x
Earnings yield1.02%
Profitability
Operating margin (excl. other income)5.89%
Operating margin (incl. other income)6.09%
EBITDA margin6.09%
Pre-tax margin4.34%
Net profit margin3.08%
ROE30.17%
ROCE19.97%
ROA7.52%
ROIC (approx.)12.81%
Tax rate29.73%
Other income / net worth1.79%
Growth
Sales growth (latest year)28.35%
Profit growth (latest year)31.25%
Per share
EPS (TTM)Rs 1.04
EPS (latest year)Rs 105.00
Book value per shareRs 3.87
Sales per shareRs 33.86
Cash flow per shareRs -1.38
Free cash flow per shareRs -36.69
Efficiency
Asset turnover1.94x
Fixed asset turnover37.11x
Inventory turnover10.27x
Inventory days36 days
Debtor days112 days
Debtors turnover3.26x
Creditor days163 days
Cash conversion cycle562 days
Working capital days174 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity1.52x
Net debt / EBITDA2.79x
Interest coverage6.10x
Owners' fund to total sources22.17%
Debt to assets33.60%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -37 Cr
FCFE (approx.: FCF + change in debt)Rs -36 Cr
Cash from ops / profit, 5 years-2.18x
Statement figures
Net sales (TTM)Rs 34 Cr
Net sales (latest year)Rs 34 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 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 18 Cr
Total expenditure (latest year)Rs 32 Cr
Total income (latest year)Rs 34 Cr
Share capitalRs 0 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 18 Cr
Net blockRs 1 Cr
ReceivablesRs 10 Cr
InventoryRs 2 Cr
Other liabilitiesRs 8 Cr
Shares outstanding (crore)1.01
Ownership
Promoter holding69.27%
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 | LAKSHYA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.4% | -2.8% | -2.6 pts |
| 1 month | +19.9% | -6.8% | +26.7 pts |
| 3 months | -6.5% | -7.6% | +1.1 pts |
| 6 months | +6.4% | +0.4% | +6.0 pts |
| 1 year | -24.2% | -9.9% | -14.3 pts |
Red flags
F-score 3 of 8| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 73% vs sales +28% in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM short-term |
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 ₹91 Cr +4.6% vs Mar 2024.
Net profit ₹3 Cr -70.0%.
Activity
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| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly tradedShort Term Additional Surveillance Measure (Short Term ASM): stage 1