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 | 16.69 | 17.56 | 18.32 | 24.74 | 13.77 | 18.91 | 17.59 | 26.29 | 11.50 | 13.20 | 15.35 | 19.05 |
| Expenses | 11.99 | 13.01 | 13.84 | 14.86 | 10.98 | 13.81 | 13.67 | 15.18 | 11.74 | 13.45 | 15.54 | 13.18 |
| Operating Profit | 4.70 | 4.55 | 4.48 | 9.88 | 2.79 | 5.10 | 3.92 | 11.11 | -0.24 | -0.25 | -0.19 | 5.87 |
| OPM % | 28.16% | 25.91% | 24.45% | 39.94% | 20.26% | 26.97% | 22.29% | 42.26% | -2.09% | -1.89% | -1.24% | 30.81% |
| Other Income | 2.27 | 1.96 | 2.75 | 2.67 | 2.50 | 1.89 | 2.69 | -10.77 | 1.15 | 1.84 | 0.36 | 2.35 |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.62 | 0.68 | 0.69 | 0.58 | 0.60 | 0.59 | 0.62 | 0.59 | 0.60 | 0.61 | 0.99 | 0.83 |
| Profit before tax | 6.35 | 5.83 | 6.54 | 11.96 | 4.69 | 6.38 | 5.99 | -0.25 | 0.31 | 0.98 | -0.82 | 7.39 |
| Tax % | 25.04% | 27.96% | 24.62% | 26.59% | -15.78% | 23.82% | 43.91% | 1,164.00% | 22.58% | 7.14% | -12.20% | 25.98% |
| Net Profit | 4.76 | 4.21 | 4.94 | 8.79 | 5.44 | 4.86 | 3.36 | -3.16 | 0.24 | 0.92 | -0.72 | 5.47 |
| EPS in Rs | 1.02 | 0.90 | 1.06 | 1.88 | 1.16 | 1.04 | 0.72 | -0.68 | 0.05 | 0.20 | -0.15 | 1.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 42.58 | 44.98 | 46.99 | 55.45 | 55.10 | 17.52 | 31.34 | 76.63 | 79.33 | 75.02 | 66.35 | 59.10 |
| Expenses | 34.99 | 36.21 | 37.47 | 44.14 | 44.50 | 21.53 | 25.51 | 47.04 | 52.07 | 53.31 | 55.92 | 53.91 |
| Operating Profit | 7.59 | 8.77 | 9.52 | 11.31 | 10.60 | -4.01 | 5.83 | 29.59 | 27.26 | 21.71 | 10.43 | 5.19 |
| OPM % | 17.83% | 19.50% | 20.26% | 20.40% | 19.24% | -22.89% | 18.60% | 38.61% | 34.36% | 28.94% | 15.72% | 8.78% |
| Other Income | 1.74 | 1.95 | 1.81 | 2.15 | 1.42 | 2.58 | 3.26 | 5.39 | 9.13 | 9.74 | -7.42 | 5.70 |
| Interest | 0.44 | 0.58 | 0.40 | 0.27 | 0.49 | 0.51 | 0.33 | 0.30 | 0.00 | 0.03 | 0.00 | 0.00 |
| Depreciation | 1.48 | 1.78 | 2.06 | 2.25 | 2.49 | 2.48 | 2.53 | 2.24 | 2.60 | 2.39 | 2.79 | 3.03 |
| Profit before tax | 7.41 | 8.36 | 8.87 | 10.94 | 9.04 | -4.42 | 6.23 | 32.44 | 33.79 | 29.03 | 0.22 | 7.86 |
| Tax % | 33.74% | 33.25% | 28.75% | 25.50% | 23.67% | -20.59% | 21.83% | 30.55% | 26.72% | 22.70% | 1,340.91% | |
| Net Profit | 5.62 | 6.79 | 7.75 | 9.35 | 7.46 | -3.52 | 4.87 | 22.54 | 24.76 | 22.44 | -2.73 | 5.91 |
| EPS in Rs | 1.20 | 1.45 | 1.66 | 2.00 | 1.59 | -0.75 | 1.04 | 4.82 | 5.29 | 4.79 | -0.58 | 1.27 |
| Dividend Payout % | 24.98% | 20.68% | 9.06% | 40.04% | 37.64% | 0.00% | 0.00% | 34.26% | 28.35% | 25.03% | -214.29% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | 31% | -5% | -23% | ||
| Compounded Profit Growth | % | % | % | -64% | ||
| Stock Price CAGR | 11% | 10% | -16% | -23% | ||
| Return on Equity | -65% | -108% | -163% | -490% |
| 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 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 | 4.68 |
| Reserves | 22.73 | 26.56 | 35.67 | 41.69 | 47.33 | 49.65 | 46.63 | 52.31 | 70.45 | 88.88 | 102.51 | 99.92 |
| Borrowings | 4.25 | 4.45 | 3.37 | 2.56 | 1.52 | 1.93 | 2.92 | 2.61 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 12.93 | 13.93 | 12.50 | 14.23 | 16.38 | 18.87 | 13.83 | 14.82 | 23.46 | 28.80 | 29.18 | 31.55 |
| Total Liabilities | 44.59 | 49.62 | 56.22 | 63.16 | 69.91 | 75.13 | 68.06 | 74.42 | 98.59 | 122.36 | 136.37 | 136.15 |
| Fixed Assets | 14.00 | 18.11 | 23.31 | 22.56 | 23.93 | 29.03 | 26.59 | 24.08 | 24.26 | 24.37 | 30.08 | 29.54 |
| CWIP | 0.33 | 0.12 | 0.07 | 0.10 | 0.02 | 0.06 | 0.00 | 0.00 | 0.00 | 1.87 | 0.47 | 16.84 |
| Investments | 8.91 | 9.63 | 15.21 | 24.31 | 27.01 | 29.45 | 25.57 | 29.77 | 38.60 | 45.60 | 63.29 | 40.42 |
| Other Assets | 21.35 | 21.76 | 17.63 | 16.19 | 18.95 | 16.59 | 15.90 | 20.57 | 35.73 | 50.52 | 42.53 | 49.35 |
| Total Assets | 44.59 | 49.62 | 56.22 | 63.16 | 69.91 | 75.13 | 68.06 | 74.42 | 98.59 | 122.36 | 136.37 | 136.15 |
| 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 | 7.83 | 6.90 | 6.43 | 8.43 | 10.31 | 7.27 | -3.01 | 6.41 | 26.58 | 20.09 | 16.00 | 7.37 |
| Cash from Investing Activity | -7.50 | -3.70 | -3.36 | -5.62 | -5.26 | -3.07 | 5.58 | -4.81 | -18.63 | -16.39 | -7.36 | 3.98 |
| Cash from Financing Activity | -0.59 | -2.74 | -3.26 | -2.91 | -4.70 | -4.58 | -2.30 | -0.34 | -5.86 | -7.02 | -6.08 | -6.56 |
| Net Cash Flow | -0.26 | 0.47 | -0.19 | -0.09 | 0.35 | -0.38 | 0.27 | 1.26 | 2.09 | -3.32 | 2.56 | 4.79 |
| Free Cash Flow | 5.52 | 1.90 | -0.93 | 6.76 | 6.96 | 2.36 | -3.41 | 6.39 | 21.92 | 15.79 | 7.59 | -10.54 |
| CFO/OP | 142% | 126% | 105% | 112% | 118% | 92% | 71% | 109% | 111% | 100% | 102% | 155% |
| 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 | 13.62 | 17.66 | 10.87 | 13.13 | 13.17 | 10.47 | 12.29 | 11.76 | 6.43 | 9.34 | 6.42 | 19.31 |
| Inventory Days | 101.60 | 81.24 | 71.28 | 102.50 | 62.30 | 70.94 | 312.36 | 125.97 | 48.11 | 67.04 | 77.19 | 69.95 |
| Days Payable | 466.60 | 490.86 | 349.54 | 348.33 | 362.48 | 183.79 | 1,059.90 | 471.59 | 362.79 | 338.07 | 300.38 | 380.26 |
| Cash Conversion Cycle | -351.38 | -391.97 | -267.39 | -232.71 | -287.02 | -102.39 | -735.26 | -333.86 | -308.24 | -261.69 | -216.77 | -291.00 |
| Working Capital Days | -67.26 | -73.55 | -55.10 | -57.17 | -58.52 | -54.12 | -154.79 | -83.85 | -55.30 | -68.83 | -76.00 | -109.36 |
| ROCE % | 24.05% | 22.36% | 19.88% | 20.96% | 16.81% | -7.17% | 11.53% | 48.75% | 40.12% | 28.15% | 13.52% |
| 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 | 68.42% | 68.43% | 68.56% | 68.76% | 68.99% | 69.18% | 69.27% | 69.29% | 69.38% | 69.44% | 69.43% | 69.57% |
| Public | 31.56% | 31.55% | 31.43% | 31.23% | 31.00% | 30.81% | 30.73% | 30.70% | 30.62% | 30.55% | 30.56% | 30.42% |
| No. of Shareholders | 9,692 | 9,765 | 9,929 | 10,187 | 10,436 | 10,564 | 10,545 | 10,465 | 10,482 | 10,438 | 10,507 | 10,434 |
Fundamentals
Market Cap₹ 379 Cr.
Current Price₹ 81.0
Stock P/E64.1
Book Value₹ 22.4
ROCE13.5 %
ROE-490 %
Dividend Yield1.54 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-23%
Compounded Profit Growth (TTM)-64%
Consolidated figures.
Valuation
Market capRs 372 Cr
Enterprise valueRs 337 Cr
P/E (TTM)62.95x
Price to book3.56x
Price to sales6.30x
EV / EBITDA30.97x
EV / EBIT42.90x
EV / sales5.71x
Price to cash flow50.48x
Earnings yield1.59%
Dividend yield1.57%
P/E, 3-year average26.05x
P/B, 3-year average5.07x
P/E, 5-year average34.49x
P/B, 5-year average5.55x
Profitability
Operating margin (excl. other income)15.72%
Operating margin (incl. other income)4.54%
EBITDA margin18.43%
Pre-tax margin13.30%
Net profit margin10.00%
Net margin, latest quarter28.71%
ROE-2.58%
ROCE0.21%
ROA-2.00%
ROE, 3-year average16.38%
ROCE, 3-year average23.07%
ROA, 3-year average12.59%
ROE, 5-year average18.45%
ROCE, 5-year average25.87%
ROA, 5-year average14.13%
ROIC (approx.)-139.82%
Tax rate1340.91%
Other income / net worth-7.09%
Growth
Sales growth (latest year)-11.56%
Profit growth (latest year)-112.17%
Sales CAGR, 3 years-4.69%
Sales CAGR, 5 years30.52%
Sales growth QoQ24.10%
Sales growth YoY (latest quarter)-27.54%
Per share
EPS (TTM)Rs 1.26
EPS (latest year)Rs -0.58
EPS (latest quarter)Rs 1.17
EPS, 3-year averageRs 3.17
EPS, 5-year averageRs 3.07
Book value per shareRs 22.35
Sales per shareRs 12.63
Cash flow per shareRs 1.57
Free cash flow per shareRs -2.25
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.32
Dividend per share, 5-year averageRs 1.40
Dividends
Dividend payout, 3-year average26.70%
Dividend payout, 5-year average29.22%
Efficiency
Asset turnover0.49x
Fixed asset turnover2.25x
Inventory turnover21.43x
Inventory days17 days
Debtor days19 days
Debtors turnover18.90x
Creditor days380 days
Cash conversion cycle-291 days
Working capital days-109 days
Leverage
Cash and bankRs 35 Cr
Net debtRs -35 Cr
Net debt / EBITDA-3.20x
Owners' fund to total sources76.83%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs 4 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs -11 Cr
Cash from ops / profit, 5 years1.06x
Sales to cash flow9.00x
Statement figures
Net sales (TTM)Rs 59 Cr
Net sales (latest year)Rs 66 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 11 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs -3 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Cost of goods sold (latest year)Rs 24 Cr
Total expenditure (latest year)Rs 56 Cr
Total income (latest year)Rs 59 Cr
Share capitalRs 5 Cr
ReservesRs 100 Cr
Shareholders' fundsRs 105 Cr
Total assetsRs 136 Cr
Net blockRs 30 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 40 Cr
ReceivablesRs 4 Cr
InventoryRs 1 Cr
Other liabilitiesRs 32 Cr
Shares outstanding (crore)4.68
Ownership
Promoter holding69.57% (+0.28 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 63.0 is at the 79th percentile of its own 8.2-year range
(median 27.2, low 10.8, high 260.8).
P/B 3.56 is at the 29th percentile (median 4.44).
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 | NICCOPAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.2% | -2.8% | +1.6 pts |
| 1 month | -3.1% | -6.8% | +3.7 pts |
| 3 years | -42.4% | +14.2% | -56.6 pts |
| 5 years | +56.5% | +27.9% | +28.6 pts |
Red flags
F-score 4 of 8| 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 -27.5% vs Jun 2025.
Net profit ₹5 Cr +273.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Wonderla Holidays Ltd | 3,188 | 30.1 | 6.20 % |
| Imagicaaworld Entertainment Ltd | 3,021 | 237 | 1.81 % |
| Delta Corp Ltd | 2,107 | 13.7 | 5.08 % |
| Complete Sports and Management India Limited | 423 | 23.6 | 65.0 % |
| Silverstorm Parks and Resorts Ltd | 273 | 14.4 | 16.2 % |
| Ajwa Fun World & Resort Ltd | 25 | 0.45 | -0.92 % |
| South Asian Enterprises Ltd | 20 | -3.29 % | |
| Hanman Fit Ltd | 4 | -6.79 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-21 | Interim Dividend - Re 0.25 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.
Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1