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 | 40 | 15 | 16 | 16 | 16 | 17 | 15 | 15 | 13 | 3 | 3 | 0 |
| Expenses | 9 | 6 | 6 | 9 | 9 | 7 | 11 | 6 | 11 | 5 | 8 | 3 |
| Operating Profit | 31 | 8 | 9 | 7 | 7 | 10 | 4 | 9 | 2 | -2 | -4 | -3 |
| OPM % | 77% | 57% | 59% | 43% | 45% | 59% | 25% | 58% | 13% | -44% | -127% | |
| Other Income | 7 | 7 | 16 | 14 | 9 | -7 | -3 | 16 | 108 | 11 | 1 | 31 |
| Interest | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 0 | 1 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 1 |
| Profit before tax | 31 | 10 | 20 | 15 | 10 | -2 | -5 | 19 | 105 | 7 | -6 | 26 |
| Tax % | 26% | 25% | 101% | 29% | 21% | -8% | 37% | 27% | 27% | 25% | -55% | 31% |
| Net Profit | 23 | 8 | -0 | 10 | 8 | -2 | -7 | 14 | 76 | 5 | -3 | 18 |
| EPS in Rs | 22.05 | 7.03 | -0.59 | 9.69 | 7.22 | -2.90 | -7.45 | 12.61 | 72.82 | 5.24 | -2.53 | 17.43 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 138 | 57 | 56 | 117 | 69 | 57 | 49 | 50 | 83 | 64 | 35 | 20 |
| Expenses | 137 | 42 | 36 | 53 | 26 | 17 | 19 | 25 | 29 | 36 | 31 | 28 |
| Operating Profit | 1 | 14 | 20 | 63 | 43 | 40 | 30 | 25 | 54 | 28 | 5 | -8 |
| OPM % | 0.4% | 25% | 36% | 54% | 62% | 70% | 61% | 50% | 65% | 44% | 13% | -38% |
| Other Income | 53 | 9 | 9 | 10 | 10 | 13 | 13 | 11 | 34 | 13 | 136 | 151 |
| Interest | 26 | 27 | 23 | 22 | 20 | 17 | 14 | 14 | 14 | 15 | 8 | 4 |
| Depreciation | 20 | 8 | 8 | 7 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 6 |
| Profit before tax | 7 | -12 | -2 | 45 | 24 | 27 | 20 | 14 | 65 | 17 | 125 | 133 |
| Tax % | -67% | -12% | 23% | 0% | 188% | 20% | 47% | 65% | 49% | 48% | 26% | |
| Net Profit | 11 | -10 | -3 | 45 | -21 | 22 | 11 | 5 | 33 | 9 | 93 | 97 |
| EPS in Rs | 10.91 | -10.76 | -3.46 | 41.93 | -15.42 | 19.17 | 8.70 | 3.64 | 30.79 | 6.55 | 88.15 | 92.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 39% | 0% | 206% | 49% | 153% | 68% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -13% | -9% | -11% | -69% | ||
| Compounded Profit Growth | 13% | 2% | 81% | 196% | ||
| Stock Price CAGR | 13% | 25% | 26% | 8% | ||
| Return on Equity | 2% | 3% | 3% | 4% |
| 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 138 | 166 | 378 | 405 | 379 | 289 | 410 | 405 | 406 | 605 | 600 | 658 |
| Borrowings | 102 | 379 | 365 | 292 | 222 | 198 | 183 | 178 | 160 | 153 | 145 | 15 |
| Other Liabilities | 20 | 52 | 69 | 47 | 34 | 35 | 57 | 31 | 37 | 82 | 152 | 12 |
| Total Liabilities | 270 | 607 | 822 | 755 | 645 | 533 | 660 | 624 | 614 | 851 | 908 | 696 |
| Fixed Assets | 179 | 469 | 439 | 360 | 358 | 353 | 345 | 344 | 340 | 343 | 453 | 156 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 24 | 7 |
| Investments | 0 | 21 | 316 | 326 | 240 | 149 | 272 | 211 | 216 | 123 | 330 | 418 |
| Other Assets | 89 | 118 | 68 | 69 | 47 | 31 | 44 | 69 | 58 | 381 | 100 | 115 |
| Total Assets | 270 | 607 | 822 | 755 | 645 | 533 | 660 | 624 | 614 | 851 | 908 | 696 |
| 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 | -17 | 20 | 24 | 44 | 99 | 40 | 41 | 17 | 32 | 79 | 100 | -7 |
| Cash from Investing Activity | 28 | -244 | 29 | 58 | -4 | 0 | -2 | 10 | 5 | 282 | -341 | 96 |
| Cash from Financing Activity | -2 | 215 | -53 | -101 | -91 | -43 | -33 | -33 | -38 | -36 | -34 | -47 |
| Net Cash Flow | 8 | -8 | -1 | -0 | 3 | -3 | 6 | -6 | -0 | 325 | -276 | 42 |
| Free Cash Flow | -43 | -238 | 30 | 74 | 105 | 40 | 41 | 17 | 32 | 74 | -38 | -19 |
| CFO/OP | 70% | 4,971% | 175% | 224% | 159% | 103% | 106% | 72% | 134% | 151% | 366% | 291% |
| 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 | 40 | 67 | 208 | 64 | 11 | 15 | 18 | 14 | 1 | 2 | 4 | 0 |
| Inventory Days | 49 | 88 | 631 | 132 | 27 | 68 | 123 | 145 | 83 | 25 | 23 | 1 |
| Days Payable | 46 | 113 | 1,155 | 106 | 33 | 45 | 47 | 70 | 29 | 26 | 24 | 25 |
| Cash Conversion Cycle | 42 | 42 | -316 | 90 | 5 | 38 | 94 | 88 | 55 | 1 | 2 | -24 |
| Working Capital Days | 44 | -12 | -155 | 93 | -49 | -94 | -50 | 21 | -61 | -82 | -409 | 31 |
| ROCE % | -10% | 1% | 2% | 3% | 10% | 8% | 8% | 6% | 5% | 12% | 4% | 5% |
| 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 | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 24.95% | 24.94% | 24.95% | 24.95% | 24.96% | 24.95% | 24.96% | 24.96% | 24.95% | 24.94% | 24.96% | 24.95% |
| No. of Shareholders | 5,899 | 6,722 | 8,166 | 7,665 | 8,396 | 7,877 | 7,717 | 7,586 | 7,362 | 7,191 | 8,604 | 8,570 |
Fundamentals
Market Cap₹ 377 Cr.
Current Price₹ 365
Stock P/E12.9
Book Value₹ 643
ROCE5.24 %
ROE3.51 %
Dividend Yield6.86 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-69%
Compounded Profit Growth (TTM)196%
Consolidated figures.
Valuation
Market capRs 381 Cr
Enterprise valueRs 304 Cr
P/E (TTM)3.94x
Price to book0.57x
Price to sales10.76x
EV / EBITDA2.12x
EV / EBIT2.22x
EV / sales8.59x
Earnings yield25.38%
Dividend yield16.39%
P/E, 3-year average19.48x
P/B, 3-year average0.48x
P/E, 5-year average22.14x
P/B, 5-year average0.42x
Profitability
Operating margin (excl. other income)13.25%
Operating margin (incl. other income)397.82%
EBITDA margin405.17%
Pre-tax margin374.54%
Net profit margin273.10%
ROE14.33%
ROCE18.44%
ROA11.43%
ROE, 3-year average7.22%
ROCE, 3-year average11.46%
ROA, 3-year average5.53%
ROE, 5-year average4.94%
ROCE, 5-year average8.95%
ROA, 5-year average3.72%
ROIC (approx.)17.18%
Tax rate25.77%
Other income / net worth20.36%
Growth
Sales growth (latest year)-44.97%
Profit growth (latest year)1245.82%
Sales CAGR, 3 years-10.63%
Sales CAGR, 5 years-9.04%
Profit CAGR, 3 years189.43%
Profit CAGR, 5 years35.68%
Profit growth YoY (latest quarter)38.22%
Per share
EPS (TTM)Rs 92.96
EPS (latest year)Rs 88.15
EPS (latest quarter)Rs 17.43
EPS, 3-year averageRs 41.83
EPS, 5-year averageRs 27.56
Book value per shareRs 642.95
Sales per shareRs 34.04
Cash flow per shareRs -6.31
Free cash flow per shareRs -18.27
Dividend per share (latest year)Rs 60.01
Dividend per share, 3-year averageRs 28.34
Dividend per share, 5-year averageRs 23.13
Dividends
Dividend payout68.09%
Dividend payout, 3-year average89.85%
Dividend payout, 5-year average118.97%
Efficiency
Asset turnover0.05x
Fixed asset turnover0.23x
Inventory turnover574.00x
Inventory days1 days
Creditor days25 days
Cash conversion cycle-24 days
Working capital days31 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 92 Cr
Net debtRs -77 Cr
Debt to equity0.02x
Net debt / EBITDA-0.54x
Interest coverage31.26x
Owners' fund to total sources96.09%
Debt to assets2.19%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs 96 Cr
Cash from Financing Activity (latest year)Rs -47 Cr
Net Cash Flow (latest year)Rs 42 Cr
Free cash flow (latest year)Rs -19 Cr
FCFE (approx.: FCF + change in debt)Rs -149 Cr
Cash from ops / profit, 5 years1.46x
Statement figures
Net sales (TTM)Rs 35 Cr
Net sales (latest year)Rs 35 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 151 Cr
EBITDA (TTM)Rs 143 Cr
PBDT (TTM)Rs 139 Cr
Profit before tax (TTM)Rs 133 Cr
Tax (latest year)Rs 32 Cr
Net profit (TTM)Rs 97 Cr
Net profit (latest year)Rs 92 Cr
Net profit (latest quarter)Rs 18 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 31 Cr
Total income (latest year)Rs 171 Cr
Share capitalRs 10 Cr
ReservesRs 658 Cr
Shareholders' fundsRs 669 Cr
Total assetsRs 696 Cr
Net blockRs 156 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 418 Cr
InventoryRs 0 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)1.04
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 3.9 is at the 22th percentile of its own 6.4-year range
(median 12.9, low 1.4, high 94.7).
P/B 0.57 is at the 80th percentile (median 0.37).
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 | MAJESAUT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.9% | -2.8% | +1.9 pts |
| 1 month | +2.5% | -6.8% | +9.3 pts |
| 3 months | +8.5% | -7.6% | +16.1 pts |
| 3 years | +100.7% | +14.2% | +86.5 pts |
| 5 years | +205.2% | +27.9% | +177.3 pts |
Red flags
F-score 4 of 8| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| look | Profit leans on other income Other income was 109% of pre-tax profit 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
Jun 2026Sales ₹0 Cr -100.0% vs Jun 2025.
Net profit ₹18 Cr +28.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| International Gemological Institute Limited | 14,015 | 23.0 | 69.2 % |
| Wework India Management Ltd | 9,265 | 107 | 20.6 % |
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| Indiabulls Limited | 6,980 | 14.4 | 16.2 % |
| NDR INVIT Trust | 6,916 | 69.5 | 5.08 % |
| Inox Green Energy Services Ltd | 6,583 | 53.7 | 8.42 % |
| Leap India Ltd | 6,046 | 104 | 8.34 % |
| Smartworks Coworking Spaces Ltd | 5,871 | 211 | 8.29 % |
| Nirlon Ltd | 5,460 | 15.3 | 30.8 % |
| Quess Corp Ltd | 5,109 | 19.8 | 24.0 % |
| Indiqube Spaces Ltd | 4,148 | 6.38 % | |
| Sanghvi Movers Ltd | 3,930 | 19.2 | 15.6 % |
| CMS Info Systems Ltd | 3,675 | 12.2 | 17.9 % |
| Hemisphere Properties India Ltd | 3,274 | -1.14 % | |
| EFC (I) Ltd | 2,578 | 10.0 | 19.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-10 | Dividend - Rs 25 Per Share |
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