Price
Financials
Standalone, 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 | 18.22 | 23.16 | 14.61 | 12.61 | 12.41 | 6.41 | 27.93 | 31.66 | 14.20 | 17.69 | 25.09 | 25.71 |
| Expenses | 24.49 | 25.78 | 18.02 | 14.96 | 18.18 | 10.40 | 28.16 | 25.86 | 14.67 | 16.66 | 24.39 | 28.39 |
| Operating Profit | -6.27 | -2.62 | -3.41 | -2.35 | -5.77 | -3.99 | -0.23 | 5.80 | -0.47 | 1.03 | 0.70 | -2.68 |
| OPM % | -34.41% | -11.31% | -23.34% | -18.64% | -46.49% | -62.25% | -0.82% | 18.32% | -3.31% | 5.82% | 2.79% | -10.42% |
| Other Income | 0.09 | 0.18 | 0.24 | 0.14 | -11.34 | 0.20 | -0.07 | 1.98 | -0.34 | -0.09 | -0.22 | 9.54 |
| Interest | 0.56 | 0.48 | 0.59 | 0.56 | 0.64 | 0.66 | 0.57 | 0.18 | 0.17 | 0.21 | 0.19 | 0.07 |
| Depreciation | 0.29 | 0.29 | 0.25 | 0.20 | 0.20 | 0.20 | 0.19 | 0.17 | 0.17 | 0.25 | 0.25 | 0.20 |
| Profit before tax | -7.03 | -3.21 | -4.01 | -2.97 | -17.95 | -4.65 | -1.06 | 7.43 | -1.15 | 0.48 | 0.04 | 6.59 |
| Tax % | 0.43% | 2.80% | 6.48% | -6.73% | 1.50% | -1.94% | 8.49% | 8.08% | -6.09% | 8.33% | 3,175.00% | -13.20% |
| Net Profit | -7.06 | -3.30 | -4.27 | -2.77 | -18.22 | -4.55 | -1.15 | 6.83 | -1.08 | 0.44 | -1.23 | 7.46 |
| EPS in Rs | -2.32 | -1.08 | -1.40 | -0.91 | -5.99 | -1.50 | -0.38 | 2.25 | -0.36 | 0.14 | -0.40 | 2.45 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 271.31 | 258.32 | 184.67 | 251.04 | 121.02 | 29.69 | 46.05 | 79.57 | 65.76 | 59.35 | 88.64 | 82.69 |
| Expenses | 262.27 | 264.33 | 191.35 | 259.81 | 150.69 | 45.32 | 58.77 | 94.47 | 82.56 | 71.54 | 81.42 | 84.11 |
| Operating Profit | 9.04 | -6.01 | -6.68 | -8.77 | -29.67 | -15.63 | -12.72 | -14.90 | -16.80 | -12.19 | 7.22 | -1.42 |
| OPM % | 3.33% | -2.33% | -3.62% | -3.49% | -24.52% | -52.64% | -27.62% | -18.73% | -25.55% | -20.54% | 8.15% | -1.72% |
| Other Income | 2.96 | -29.16 | -5.22 | -0.93 | -0.66 | -8.36 | 0.97 | 8.14 | 0.69 | -11.09 | 1.28 | 8.89 |
| Interest | 1.94 | 0.94 | 1.33 | 1.70 | 1.70 | 2.53 | 2.47 | 2.84 | 2.38 | 2.55 | 0.86 | 0.64 |
| Depreciation | 6.52 | 6.12 | 5.29 | 4.45 | 2.42 | 1.70 | 1.35 | 1.39 | 1.12 | 0.79 | 0.84 | 0.87 |
| Profit before tax | 3.54 | -42.23 | -18.52 | -15.85 | -34.45 | -28.22 | -15.57 | -10.99 | -19.61 | -26.62 | 6.80 | 5.96 |
| Tax % | -69.21% | 4.10% | 11.34% | -3.41% | 2.55% | 1.70% | -1.35% | 2.82% | 1.27% | 0.26% | 27.06% | |
| Net Profit | 5.98 | -43.96 | -20.62 | -15.31 | -35.34 | -28.70 | -15.36 | -11.30 | -19.86 | -26.69 | 4.95 | 5.59 |
| EPS in Rs | 1.97 | -14.45 | -6.78 | -5.03 | -11.62 | -9.44 | -5.05 | -3.72 | -6.53 | -8.78 | 1.63 | 1.83 |
| Dividend Payout % | 50.84% | -3.46% | -8.85% | -8.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -11% | 24% | 4% | 5% | ||
| Compounded Profit Growth | -6% | 17% | 30% | 39% | ||
| Stock Price CAGR | -9% | 9% | -6% | -19% | ||
| Return on Equity | -10% | -15% | -15% | 7% |
| 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 | 6.08 | 6.08 | 6.08 | 6.08 | 5.11 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 | 6.08 |
| Reserves | 207.79 | 210.12 | 224.75 | 202.74 | 185.22 | 147.02 | 118.08 | 103.55 | 93.06 | 73.63 | 47.19 | 51.95 |
| Borrowings | 6.11 | 0.00 | 0.00 | 2.52 | 0.00 | 9.11 | 18.85 | 17.78 | 10.51 | 17.64 | 7.00 | 3.00 |
| Other Liabilities | 83.30 | 82.14 | 78.55 | 93.10 | 64.32 | 64.23 | 40.06 | 42.53 | 62.33 | 53.71 | 81.89 | 75.59 |
| Total Liabilities | 303.28 | 298.34 | 309.38 | 304.44 | 254.65 | 226.44 | 183.07 | 169.94 | 171.98 | 151.06 | 142.16 | 136.62 |
| Fixed Assets | 41.23 | 36.24 | 105.29 | 101.05 | 97.43 | 95.28 | 93.22 | 91.88 | 89.60 | 88.52 | 85.17 | 77.77 |
| CWIP | 0.00 | 0.00 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 97.27 | 100.45 | 87.55 | 58.23 | 17.53 | 1.43 | 0.70 | 0.29 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 164.78 | 161.65 | 116.08 | 145.16 | 139.69 | 129.73 | 89.15 | 77.77 | 82.38 | 62.54 | 56.99 | 58.85 |
| Total Assets | 303.28 | 298.34 | 309.38 | 304.44 | 254.65 | 226.44 | 183.07 | 169.94 | 171.98 | 151.06 | 142.16 | 136.62 |
| 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 | -23.08 | 17.27 | 26.47 | -32.73 | -13.68 | -27.35 | -22.25 | -0.83 | -5.84 | -6.50 | 0.33 | 1.19 |
| Cash from Investing Activity | 12.86 | -1.01 | -25.03 | 26.81 | 20.13 | 17.95 | 13.85 | 4.05 | 16.73 | 0.39 | 14.72 | 3.37 |
| Cash from Financing Activity | 1.43 | -9.23 | -3.82 | -0.04 | -5.40 | 6.25 | 7.53 | -3.60 | -10.02 | 5.00 | -13.11 | -4.78 |
| Net Cash Flow | -8.79 | 7.03 | -2.38 | -5.97 | 1.05 | -3.15 | -0.87 | -0.38 | 0.87 | -1.12 | 1.95 | -0.22 |
| Free Cash Flow | -26.36 | 15.64 | 27.18 | -33.25 | -13.97 | -27.51 | -20.83 | -0.26 | 2.27 | -6.33 | 0.27 | 0.93 |
| CFO/OP | 246% | 212% | -444% | 484% | 157% | 96% | 147% | 39% | 38% | 39% | -2% | 19% |
| 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 | 44.20 | 35.30 | 8.94 | 35.52 | 8.42 | 54.44 | 41.92 | 8.96 | 11.19 | 7.44 | 36.90 | 5.11 |
| Inventory Days | 201.59 | 138.37 | 115.36 | 256.12 | 185.37 | 272.42 | 1,032.96 | 675.33 | 384.37 | 328.91 | 277.15 | 248.97 |
| Days Payable | 93.54 | 47.59 | 55.16 | 123.61 | 40.20 | 105.59 | 171.67 | 99.76 | 144.25 | 122.85 | 116.02 | 101.60 |
| Cash Conversion Cycle | 152.25 | 126.08 | 69.14 | 168.03 | 153.60 | 221.28 | 903.21 | 584.52 | 251.31 | 213.50 | 198.03 | 152.47 |
| Working Capital Days | 30.79 | 20.69 | -6.23 | 58.80 | 64.35 | 92.35 | 317.30 | 168.51 | 92.66 | 15.21 | -133.21 | -32.57 |
| ROCE % | -5.42% | 2.97% | -1.09% | -0.99% | -4.16% | -16.37% | -9.86% | -9.22% | -12.98% | -16.85% | -15.63% | 10.80% |
| 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 | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% | 57.67% |
| DIIs | 0.77% | 0.77% | 0.77% | 0.72% | 1.83% | 1.83% | 1.83% | 1.77% | 1.77% | 1.77% | 1.67% | 1.62% |
| Public | 41.55% | 41.56% | 41.56% | 41.61% | 40.50% | 40.51% | 40.49% | 40.57% | 40.56% | 40.56% | 40.66% | 40.70% |
| No. of Shareholders | 11,204 | 10,558 | 12,119 | 11,977 | 12,766 | 12,775 | 12,740 | 12,733 | 12,322 | 11,983 | 11,924 | 11,894 |
Fundamentals
Market Cap₹ 54.4 Cr.
Current Price₹ 17.9
Book Value₹ 19.1
ROCE10.8 %
ROE6.70 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)39%
Standalone figures.
Valuation
Market capRs 50 Cr
Enterprise valueRs 50 Cr
P/E (TTM)8.96x
Price to book0.86x
Price to sales0.61x
EV / EBITDA6.75x
EV / EBIT7.64x
EV / sales0.61x
Price to cash flow42.07x
Earnings yield11.17%
P/E, 3-year average6.00x
P/B, 3-year average0.74x
P/E, 5-year average6.00x
P/B, 5-year average0.61x
Profitability
Operating margin (excl. other income)8.15%
Operating margin (incl. other income)9.59%
EBITDA margin9.03%
Pre-tax margin7.21%
Net profit margin6.76%
Net margin, latest quarter29.02%
ROE8.89%
ROCE12.63%
ROA3.55%
ROE, 3-year average-17.82%
ROCE, 3-year average-11.52%
ROA, 3-year average-8.98%
ROE, 5-year average-15.48%
ROCE, 5-year average-10.22%
ROA, 5-year average-8.45%
ROIC (approx.)8.24%
Tax rate27.06%
Other income / net worth2.21%
Growth
Sales growth (latest year)49.35%
Sales CAGR, 3 years3.66%
Sales CAGR, 5 years24.45%
Sales growth QoQ2.47%
Sales growth YoY (latest quarter)-18.79%
Profit growth YoY (latest quarter)9.22%
Per share
EPS (TTM)Rs 1.84
EPS (latest year)Rs 1.63
EPS (latest quarter)Rs 2.45
EPS, 3-year averageRs -4.56
EPS, 5-year averageRs -4.49
Book value per shareRs 19.08
Sales per shareRs 27.19
Cash flow per shareRs 0.39
Free cash flow per shareRs 0.31
Efficiency
Asset turnover0.65x
Fixed asset turnover1.14x
Inventory turnover1.66x
Inventory days220 days
Debtor days5 days
Debtors turnover71.48x
Creditor days102 days
Cash conversion cycle152 days
Working capital days-33 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 3 Cr
Net debtRs 0 Cr
Debt to equity0.05x
Net debt / EBITDA0.05x
Interest coverage10.31x
Owners' fund to total sources42.48%
Debt to assets2.20%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Sales to cash flow74.49x
Statement figures
Net sales (TTM)Rs 83 Cr
Net sales (latest year)Rs 89 Cr
Sales (latest quarter)Rs 26 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 55 Cr
Total expenditure (latest year)Rs 81 Cr
Total income (latest year)Rs 90 Cr
Share capitalRs 6 Cr
ReservesRs 52 Cr
Shareholders' fundsRs 58 Cr
Total assetsRs 137 Cr
Net blockRs 78 Cr
ReceivablesRs 1 Cr
InventoryRs 33 Cr
Other liabilitiesRs 76 Cr
Shares outstanding (crore)3.04
Ownership
Promoter holding57.67% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.86 is at the 84th percentile (median 0.50).
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 | MANUGRAPH | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -25.2% | -2.8% | -22.5 pts |
| 1 month | +13.2% | -6.8% | +20.0 pts |
| 3 months | +8.0% | -7.6% | +15.6 pts |
| 6 months | +68.6% | +0.4% | +68.2 pts |
| 1 year | -26.6% | -9.9% | -16.7 pts |
| 2 years | -34.5% | -13.6% | -21.0 pts |
| 3 years | -26.4% | +14.2% | -40.5 pts |
| 5 years | +35.5% | +27.9% | +7.6 pts |
Red flags
F-score 7 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 ₹26 Cr -18.8% vs Jun 2025.
Net profit ₹7 Cr +9.2%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indo-MIM Ltd | 61,719 | 95.6 | 25.0 % |
| Aditya Infotech Ltd | 46,814 | 98.1 | 28.6 % |
| Syrma SGS Technology Ltd | 32,638 | 87.9 | 16.8 % |
| Honeywell Automation India Ltd | 30,038 | 53.7 | 17.0 % |
| Jyoti CNC Automation Ltd | 24,091 | 74.9 | 21.3 % |
| Kaynes Technology India Ltd | 23,605 | 68.0 | 12.7 % |
| LMW Ltd | 18,115 | 99.2 | 5.58 % |
| Lloyds Engineering Works Ltd | 15,850 | 70.9 | 16.1 % |
| Tega Industries Ltd | 15,481 | 8.14 % | |
| Kennametal India Ltd | 8,878 | 45.3 | 33.2 % |
| Dynamatic Technologies Ltd | 8,873 | 151 | 10.2 % |
| Standard Engineering Technology Ltd | 8,557 | 100 | 14.7 % |
| Raymond Ltd | 7,894 | 46.9 | 3.14 % |
| Omnitech Engineering Ltd | 6,939 | 66.8 | 17.6 % |
| GMM Pfaudler Ltd | 6,641 | 52.7 | 13.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting | |
| 2023-09-20 | Annual General Meeting | |
| 2022-09-20 | Annual General Meeting | |
| 2021-09-21 | Annual General Meeting | |
| 2020-09-14 | Annual General Meeting | |
| 2019-12-04 | Annual General Meeting/Dividend - Rs 0.50 Per Share | |
| 2018-07-20 | Annual General Meeting/Dividend- Re 0.60 Per Share | |
| 2017-07-19 | Dividend- Re. 0.50 Per Share | |
| 2016-07-18 | Annual General Meeting/ Dividend - Re 1/- Per Share | |
| 2015-08-05 | Annual General Meeting / Dividend - Re 0.50/- Per Share | |
| 2014-08-13 | Annual General Meeting / Dividend - Re 1/- Per Share | |
| 2013-07-18 | Annual General Meeting And Dividend Rs.1.50 Per Share | |
| 2012-07-12 | Annual General Meeting/Dividend Rs 2.50 Per Share | |
| 2011-09-08 | Annual General Meeting And Dividend Rs.1.50 Per Share | |
| 2010-09-16 | Annual General Meeting And Dividend Re.1/- Per Share | |
| 2009-09-10 | Agm/Div-Rs.2/- Per Share | |
| 2008-08-14 | Final Div- Rs.2 Per Share | |
| 2007-11-16 | Int Div-Rs.2.00 Per Sh | |
| 2007-08-30 | Fin Div-Re.1/- Per Sh | |
| 2007-02-20 | Interim Dividend-100% |
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 1