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 | 19.03 | 17.98 | 18.65 | 14.42 | 16.36 | 16.85 | 16.11 | 18.55 | 17.86 | 18.63 | 20.58 | 18.90 |
| Expenses | 19.90 | 19.88 | 22.23 | 17.48 | 19.02 | 17.84 | 19.09 | 19.81 | 20.49 | 23.03 | 22.53 | 20.52 |
| Operating Profit | -0.87 | -1.90 | -3.58 | -3.06 | -2.66 | -0.99 | -2.98 | -1.26 | -2.63 | -4.40 | -1.95 | -1.62 |
| OPM % | -4.57% | -10.57% | -19.20% | -21.22% | -16.26% | -5.88% | -18.50% | -6.79% | -14.73% | -23.62% | -9.48% | -8.57% |
| Other Income | 0.29 | 0.67 | 0.43 | 0.28 | 0.54 | 0.55 | 47.61 | 1.28 | 1.21 | -0.65 | 1.15 | 0.86 |
| Interest | 3.13 | 2.78 | 2.77 | 3.00 | 3.03 | 2.97 | 2.83 | 3.03 | 3.14 | 3.41 | 3.58 | 3.43 |
| Depreciation | 2.32 | 2.32 | 1.43 | 2.29 | 2.32 | 2.23 | 2.31 | 2.28 | 2.46 | 2.52 | 2.44 | 2.54 |
| Profit before tax | -6.03 | -6.33 | -7.35 | -8.07 | -7.47 | -5.64 | 39.49 | -5.29 | -7.02 | -10.98 | -6.82 | -6.73 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -6.01 | -6.32 | -7.28 | -8.03 | -7.37 | -5.47 | 39.51 | -5.09 | -6.74 | -10.89 | -6.74 | -6.59 |
| EPS in Rs | -2.48 | -2.61 | -3.00 | -3.31 | -3.04 | -2.26 | 16.31 | -2.10 | -2.78 | -4.49 | -2.78 | -2.72 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 43 | 56 | 42 | 56 | 69 | 81 | 73 | 64 | 76 | 76 |
| Expenses | 44 | 48 | 55 | 45 | 50 | 63 | 77 | 81 | 73 | 86 | 87 |
| Operating Profit | -5 | -4 | 1 | -3 | 6 | 6 | 4 | -8 | -9 | -10 | -11 |
| OPM % | -12% | -10% | 1.7% | -8% | 11% | 9% | 5% | -11% | -14% | -13% | -14% |
| Other Income | 1 | 1 | 2 | 1 | 14 | 1 | 2 | 2 | 49 | 3 | 3 |
| Interest | 7 | 9 | 8 | 8 | 7 | 8 | 10 | 11 | 12 | 13 | 14 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 9 | 10 | 10 |
| Profit before tax | -20 | -20 | -14 | -19 | 4 | -10 | -13 | -26 | 18 | -30 | -32 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| Net Profit | -20 | -20 | -14 | -19 | 4 | -10 | -13 | -26 | 19 | -29 | -31 |
| EPS in Rs | -8.21 | -8.44 | -5.70 | -7.97 | 1.64 | -4.17 | -5.32 | -10.73 | 7.69 | -12.16 | -12.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 6% | -2% | 12% | ||
| Compounded Profit Growth | % | % | % | -17% | ||
| Stock Price CAGR | -3% | 11% | -2% | 13% | ||
| Return on Equity | % | % | % | % |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | -2 | -1 | -6 | -8 | -4 | -14 | -23 | -46 | -93 | -124 |
| Borrowings | 132 | 122 | 119 | 108 | 102 | 114 | 112 | 115 | 185 | 202 |
| Other Liabilities | 15 | 17 | 23 | 19 | 26 | 19 | 25 | 33 | 29 | 38 |
| Total Liabilities | 149 | 143 | 141 | 124 | 128 | 124 | 119 | 107 | 127 | 121 |
| Fixed Assets | 105 | 97 | 90 | 89 | 80 | 73 | 65 | 57 | 48 | 41 |
| CWIP | 0 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 1 | 3 |
| Investments | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 21 | 23 |
| Other Assets | 43 | 44 | 47 | 31 | 45 | 48 | 51 | 47 | 57 | 54 |
| Total Assets | 149 | 143 | 141 | 124 | 128 | 124 | 119 | 107 | 127 | 121 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4 | -1 | 5 | 3 | 3 | -1 | 4 | 3 | -19 | -4 |
| Cash from Investing Activity | -1 | -3 | -3 | -0 | -0 | -2 | -2 | 1 | 26 | 1 |
| Cash from Financing Activity | -3 | 4 | -2 | -3 | 1 | 5 | -8 | -4 | -5 | 2 |
| Net Cash Flow | -0 | 1 | 0 | -0 | 4 | 2 | -6 | -0 | 2 | -2 |
| Free Cash Flow | 3 | -3 | 3 | 2 | 3 | -3 | 2 | 2 | -19 | -8 |
| CFO/OP | -84% | 10% | 561% | -83% | 55% | -14% | 94% | -34% | 149% | 39% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98 | 85 | 73 | 62 | 97 | 89 | 86 | 63 | 43 | 41 |
| Inventory Days | 440 | 369 | 354 | 513 | 341 | 276 | 268 | 290 | 305 | 255 |
| Days Payable | 299 | 255 | 321 | 404 | 329 | 220 | 241 | 295 | 272 | 264 |
| Cash Conversion Cycle | 239 | 199 | 105 | 171 | 109 | 145 | 113 | 58 | 77 | 32 |
| Working Capital Days | -831 | -472 | -315 | -507 | -270 | -204 | -139 | -171 | -214 | -231 |
| ROCE % | -9% | -5% | -10% | -1% | -2% | -3% | -17% | -19% | -18% |
| 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 | 74.50% | 74.58% | 74.58% | 74.42% | 72.95% | 72.73% | 72.73% | 72.48% | 72.72% | 74.48% | 74.78% | 74.78% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 25.48% | 25.39% | 25.40% | 25.57% | 27.03% | 27.25% | 27.24% | 27.52% | 27.27% | 25.50% | 25.20% | 25.19% |
| No. of Shareholders | 9,261 | 10,283 | 10,550 | 13,446 | 15,563 | 16,167 | 16,288 | 16,852 | 16,630 | 16,342 | 16,789 | 16,684 |
Fundamentals
Market Cap₹ 78.4 Cr.
Current Price₹ 32.3
Book Value₹ -49.2
ROCE-18.2 %
ROE%
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-17%
Consolidated figures.
Valuation
Market capRs 76 Cr
Enterprise valueRs 271 Cr
Price to book-0.64x
Price to sales1.00x
EV / sales3.56x
Earnings yield-40.80%
P/E, 3-year average2.69x
P/B, 3-year average-1.03x
P/E, 5-year average2.69x
P/B, 5-year average-2.47x
Profitability
Operating margin (excl. other income)-13.38%
Operating margin (incl. other income)-9.43%
EBITDA margin-10.57%
Pre-tax margin-41.53%
Net profit margin-40.75%
Net margin, latest quarter-34.87%
ROE28.46%
ROCE-18.64%
ROA-23.78%
ROE, 3-year average29.28%
ROCE, 3-year average-0.23%
ROA, 3-year average-10.30%
ROE, 5-year average86.53%
ROCE, 5-year average-1.18%
ROA, 5-year average-9.90%
ROIC (approx.)-23.81%
Other income / net worth-2.51%
Growth
Sales growth (latest year)18.64%
Profit growth (latest year)-258.05%
Sales CAGR, 3 years-2.16%
Sales CAGR, 5 years6.04%
Sales growth QoQ-8.16%
Sales growth YoY (latest quarter)1.89%
Per share
EPS (TTM)Rs -12.78
EPS (latest year)Rs -12.16
EPS (latest quarter)Rs -2.72
EPS, 3-year averageRs -5.07
EPS, 5-year averageRs -4.94
Book value per shareRs -49.20
Sales per shareRs 31.35
Cash flow per shareRs -1.61
Free cash flow per shareRs -3.30
Efficiency
Asset turnover0.63x
Fixed asset turnover1.83x
Inventory turnover1.96x
Inventory days187 days
Debtor days41 days
Debtors turnover8.84x
Creditor days264 days
Cash conversion cycle32 days
Working capital days-231 days
Leverage
Total debtRs 202 Cr
Cash and bankRs 7 Cr
Net debtRs 195 Cr
Debt to equity-1.70x
Interest coverage-1.33x
Owners' fund to total sources-98.79%
Debt to assets167.51%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs 9 Cr
Statement figures
Net sales (TTM)Rs 76 Cr
Net sales (latest year)Rs 76 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs -10 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs -8 Cr
PBDT (TTM)Rs -22 Cr
Profit before tax (TTM)Rs -32 Cr
Net profit (TTM)Rs -31 Cr
Net profit (latest year)Rs -29 Cr
Net profit (latest quarter)Rs -7 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 43 Cr
Total expenditure (latest year)Rs 86 Cr
Total income (latest year)Rs 79 Cr
Share capitalRs 5 Cr
ReservesRs -124 Cr
Shareholders' fundsRs -119 Cr
Total assetsRs 121 Cr
Net blockRs 41 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 23 Cr
ReceivablesRs 9 Cr
InventoryRs 22 Cr
Other liabilitiesRs 38 Cr
Shares outstanding (crore)2.42
Ownership
Promoter holding74.78% (+2.30 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | NIBL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.0% | -2.8% | -1.2 pts |
| 1 month | +1.6% | -6.8% | +8.4 pts |
| 3 months | +2.3% | -7.6% | +9.9 pts |
| 6 months | +20.8% | +0.4% | +20.4 pts |
| 1 year | +10.2% | -9.9% | +20.1 pts |
| 2 years | -10.9% | -13.6% | +2.6 pts |
| 3 years | -6.9% | +14.2% | -21.1 pts |
| 5 years | +68.4% | +27.9% | +40.5 pts |
Red flags
F-score 4 of 8| serious | Negative equity Shareholders' equity is negative |
| look | On NSE surveillance On NSE surveillance: ASM long-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
Jun 2026Sales ₹19 Cr +1.9% vs Jun 2025.
Net loss ₹7 Cr.
Activity
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|---|---|---|---|
| Timken India Ltd | 23,214 | 56.7 | 18.3 % |
| Carborundum Universal Ltd | 22,870 | 91.2 | 10.5 % |
| Grindwell Norton Ltd | 21,222 | 48.6 | 21.2 % |
| SKF India (Industrial) Ltd | 13,788 | 35.9 | 29.9 % |
| SKF India Ltd | 7,485 | 50.4 | 13.3 % |
| Wendt India Ltd | 1,678 | 99.0 | 7.82 % |
| Galaxy Bearings Ltd | 305 | 82.3 | 5.24 % |
| SKP Bearing Industries Ltd | 277 | 470 | 11.4 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-07-31 | Annual General Meeting | |
| 2023-09-20 | Annual General Meeting | |
| 2023-08-01 | Annual General Meeting | |
| 2022-08-11 | Annual General Meeting | |
| 2021-08-12 | Annual General Meeting | |
| 2020-07-27 | Annual General Meeting | |
| 2019-08-01 | Annual General Meeting | |
| 2018-07-25 | Annual General Meeting | |
| 2017-07-26 | Annual General Meeting | |
| 2016-07-11 | Annual General Meeting | |
| 2015-06-30 | Annual General Meeting | |
| 2014-03-28 | Annual General Meeting |
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.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1