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 | 488 | 506 | 565 | 543 | 528 | 547 | 596 | 569 | 551 | 592 | 650 | 614 |
| Expenses | 234 | 246 | 96 | 118 | 112 | 114 | 115 | 130 | 131 | 371 | 135 | 135 |
| Operating Profit | 255 | 261 | 470 | 425 | 416 | 433 | 481 | 439 | 420 | 220 | 515 | 479 |
| OPM % | 52% | 51% | 83% | 78% | 79% | 79% | 81% | 77% | 76% | 37% | 79% | 78% |
| Other Income | 25 | 25 | 113 | 26 | 206 | 27 | 41 | 68 | 32 | 30 | 29 | 30 |
| Interest | 182 | 180 | 177 | 174 | 175 | 171 | 165 | 167 | 164 | 167 | 163 | 161 |
| Depreciation | 172 | 184 | 188 | 188 | 182 | 205 | 223 | 213 | 202 | 215 | 207 | 196 |
| Profit before tax | -75 | -78 | 217 | 88 | 265 | 83 | 134 | 128 | 85 | -132 | 174 | 152 |
| Tax % | 9% | -18% | -17% | -6% | -7% | 10% | -5% | 11% | 20% | -36% | 61% | 15% |
| Net Profit | -82 | -64 | 254 | 94 | 284 | 75 | 141 | 113 | 68 | -84 | 67 | 130 |
| EPS in Rs | -1.40 | -1.10 | 4.36 | 1.60 | 4.88 | 1.29 | 2.42 | 1.94 | 1.16 | -1.45 | 1.15 | 2.22 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,298 | 1,303 | 2,184 | 1,755 | 2,064 | 2,214 | 2,361 | 2,406 |
| Expenses | 645 | 160 | 1,104 | 370 | 595 | 459 | 725 | 773 |
| Operating Profit | 653 | 1,143 | 1,080 | 1,385 | 1,469 | 1,755 | 1,636 | 1,634 |
| OPM % | 50% | 88% | 49% | 79% | 71% | 79% | 69% | 68% |
| Other Income | 55 | 51 | 50 | 140 | 122 | 300 | 117 | 121 |
| Interest | 532 | 607 | 548 | 632 | 728 | 686 | 661 | 655 |
| Depreciation | 298 | 392 | 448 | 591 | 726 | 798 | 837 | 820 |
| Profit before tax | -122 | 194 | 134 | 303 | 137 | 571 | 255 | 279 |
| Tax % | -4% | -28% | 39% | -13% | -37% | -4% | 36% | |
| Net Profit | -117 | 248 | 82 | 342 | 187 | 594 | 164 | 180 |
| EPS in Rs | -2.00 | 4.25 | 1.40 | 5.87 | 3.21 | 10.19 | 2.80 | 3.08 |
| Dividend Payout % | 0% | 0% | 136% | 181% | 461% | 139% | 412% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 13% | 10% | 7% | ||
| Compounded Profit Growth | % | -8% | -21% | -71% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 6% | 7% | 4% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5,831 | 5,831 | 5,831 | 5,831 | 5,831 | 5,831 | 5,831 |
| Reserves | -198 | -453 | -729 | -711 | -1,255 | -1,494 | -1,971 |
| Borrowings | 4,841 | 4,845 | 4,412 | 7,038 | 6,327 | 5,923 | 5,977 |
| Other Liabilities | 2,846 | 2,287 | 2,526 | 3,040 | 2,845 | 2,672 | 2,652 |
| Total Liabilities | 13,319 | 12,510 | 12,040 | 15,198 | 13,748 | 12,932 | 12,489 |
| Fixed Assets | 8,700 | 8,320 | 7,748 | 10,557 | 9,653 | 9,047 | 8,066 |
| CWIP | 0 | 4 | 0 | 0 | 0 | 0 | 0 |
| Investments | 500 | 310 | 151 | 132 | 89 | 281 | 431 |
| Other Assets | 4,119 | 3,877 | 4,142 | 4,509 | 4,006 | 3,604 | 3,992 |
| Total Assets | 13,319 | 12,510 | 12,040 | 15,198 | 13,748 | 12,932 | 12,489 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,060 | 1,270 | 1,519 | 1,604 | 1,672 | 1,766 | |
| Cash from Investing Activity | 194 | -21 | -975 | 131 | -60 | -589 | |
| Cash from Financing Activity | -1,363 | -1,198 | -225 | -2,003 | -1,761 | -1,147 | |
| Net Cash Flow | -109 | 51 | 319 | -268 | -149 | 31 | |
| Free Cash Flow | 1,061 | 1,269 | 1,517 | 1,604 | 1,670 | 1,762 | |
| CFO/OP | 98% | 127% | 115% | 115% | 101% | 114% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 1 | 1 | 1 | 1 | 1 | 2 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 3 | 1 | 1 | 1 | 1 | 1 | 2 |
| Working Capital Days | 140 | -12 | -46 | -141 | -62 | 81 | 92 |
| ROCE % | 8% | 7% | 9% | 7% | 12% | 9% |
Fundamentals
Market Cap₹ Cr.
Current Price₹
Book Value₹
ROCE9.11 %
ROE3.99 %
Dividend Yield%
Face Value₹ 100
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)-71%
Consolidated figures.
Profitability
Operating margin (excl. other income)78.92%
Operating margin (incl. other income)86.89%
EBITDA margin72.92%
Pre-tax margin11.61%
Net profit margin7.47%
Net margin, latest quarter21.11%
ROE6.69%
ROCE8.62%
ROA2.51%
ROE, 3-year average4.25%
ROCE, 3-year average7.76%
ROA, 3-year average1.70%
ROIC (approx.)9.70%
Tax rate-13.10%
Other income / net worth2.73%
Growth
Sales growth (latest year)-19.62%
Profit growth (latest year)317.82%
Sales CAGR, 3 years10.60%
Sales growth QoQ-5.53%
Profit growth QoQ93.48%
Sales growth YoY (latest quarter)7.89%
Profit growth YoY (latest quarter)14.42%
Per share
EPS (TTM)Rs 3.08
EPS (latest year)Rs 5.87
EPS (latest quarter)Rs 2.22
EPS, 3-year averageRs 3.84
Book value per shareRs 87.81
Sales per shareRs 41.27
Cash flow per shareRs 26.05
Free cash flow per shareRs 30.22
Dividend per share (latest year)Rs 10.65
Dividend per share, 3-year averageRs 6.28
Dividends
Dividend payout181.49%
Dividend payout, 3-year average158.75%
Efficiency
Asset turnover0.12x
Fixed asset turnover0.17x
Debtor days1 days
Debtors turnover507.34x
Cash conversion cycle2 days
Working capital days92 days
Leverage
Total debtRs 7,038 Cr
Cash and bankRs 1,259 Cr
Net debtRs 5,778 Cr
Debt to equity1.37x
Net debt / EBITDA3.29x
Interest coverage1.43x
Owners' fund to total sources33.69%
Debt to assets46.31%
Cash flow
Cash from Operating Activity (latest year)Rs 1,519 Cr
Cash from Investing Activity (latest year)Rs -975 Cr
Cash from Financing Activity (latest year)Rs -225 Cr
Net Cash Flow (latest year)Rs 319 Cr
Free cash flow (latest year)Rs 1,762 Cr
FCFE (approx.: FCF + change in debt)Rs 4,388 Cr
Cash from ops / profit, 5 years5.72x
Sales to cash flow1.16x
Statement figures
Net sales (TTM)Rs 2,406 Cr
Net sales (latest year)Rs 1,755 Cr
Sales (latest quarter)Rs 614 Cr
Operating profit excl. other income (latest year)Rs 1,385 Cr
Operating profit (latest quarter)Rs 479 Cr
Other income (TTM)Rs 121 Cr
EBITDA (TTM)Rs 1,755 Cr
PBDT (TTM)Rs 1,099 Cr
Profit before tax (TTM)Rs 279 Cr
Tax (latest year)Rs -40 Cr
Net profit (TTM)Rs 180 Cr
Net profit (latest year)Rs 342 Cr
Net profit (latest quarter)Rs 130 Cr
Depreciation (TTM)Rs 820 Cr
Depreciation (latest quarter)Rs 196 Cr
Interest (TTM)Rs 655 Cr
Cost of goods sold (latest year)Rs 167 Cr
Total expenditure (latest year)Rs 370 Cr
Total income (latest year)Rs 1,895 Cr
Share capitalRs 5,831 Cr
ReservesRs -711 Cr
Shareholders' fundsRs 5,120 Cr
Total assetsRs 15,198 Cr
Net blockRs 10,557 Cr
InvestmentsRs 132 Cr
ReceivablesRs 3 Cr
Other liabilitiesRs 3,040 Cr
Shares outstanding (crore)58.31
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).
Not enough price history.
Red flags
F-score 6 of 8| explain | Low interest cover Interest cover 1.5x in 2026 |
| look | Profit leans on other income Other income was 46% of pre-tax profit in 2026 |
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 ₹614 Cr +7.9% vs Jun 2025.
Net profit ₹130 Cr +15.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-19 | Distribution - Rs 2.6123 Per Unit Consists Of Rs 1.1894 Per Unit As Interest/ Rs 1.202 Per Unit As Dividend/ Re 0.2209 Per Unit As Return Of Capital | |
| 2026-06-02 | Distribution - Rs 3.9155 Per Unit Consists Of Rs 1.2084 Per Unit As Interest/ Re 0.9735 Per Unit As Dividend/ Rs 1.7336 Per Unit As Return Of Capital | |
| 2026-02-18 | Distribution - Rs 2.2834 Per Unit Consists Of Rs 1.0781 Per Unit As Interest/ Re 0.7192 Per Unit As Dividend/ Re 0.4861 Per Unit As Return Of Capital | |
| 2025-11-18 | Distribution - Rs 3.5325 Per Unit Consists Of Rs 1.6818 Per Unit As Interest & Rs 1.8389 Per Unit As Dividend & Re 0.0118 Per Unit As Return Of Capital | |
| 2025-08-19 | Distribution - Rs 2.516 Per Unit Consists Of Interest- Rs 1.29510 Per Unit/Dividend - Re 0.71170 Per Unit/Return Of Capital Re 0.50920 Per Unit | |
| 2025-05-30 | Distribution - Rs 3.649 Per Unit Consists Of Interest- Rs 1.8475 Per Unit/Dividend - Re 0.9003 Per Unit/ Dividend For Apr 01 To Apr 15, 2025 - Re 0.6669 /Return Of Capital Re 0.2343 Per Unit | |
| 2025-02-18 | Distribution - Rs 2.6219 Per Unit Consists Of Interest- Rs 1.4213 Per Unit/Dividend - Re 0.6049 Per Unit/Return Of Capital Re 0.5957 Per Unit | |
| 2024-11-18 | Distribution - Rs 4.3267 Per Unit Consists Of Interest- Rs 1.9074 Per Unit/Dividend - Re 1.7533 Per Unit/Return Of Capital Re 0.666 Per Unit | |
| 2024-08-12 | Distribution - Rs 2.6123 Per Unit Consists Of Interest- Rs 1.3082 Per Unit/Dividend - Re 0.6011 Per Unit/Return Of Capital Re 0.7030 Per Unit | |
| 2024-05-10 | Distribution - Rs 4.7313 Per Unit Consisting Of Rs 2.1837 Per Unit Of Interest/ Rs 1.2435 Per Unit Of Dividend / Rs 1.3045 Per Unit Of Return Of Capital | |
| 2024-02-14 | Distribution - Rs 2.5706 Per Unit Consists Of Rs 0.8533 Interest Per Unit & Rs 0.6895 Dividend Per Unit/ Rs 1.0278 Per Unit As Return Of Capital | |
| 2023-11-16 | Distribution - Rs 3.3434 Per Unit Consists Of Rs 1.4435 Interest Per Unit & Rs 1.2975 Dividend Per Unit/ Re 0.6024 Per Unit As Return Of Capital | |
| 2023-08-14 | Distribution - Rs 2.5396 Per Unit Consist Of Re 0.8537 Interest Per Unit/Re 0.8179 Return On Captial Per Unit/ Re 0.8680 Return Of Capital Per Unit | |
| 2023-06-01 | Distribution - Rs 1.5232 Per Unit Comprising Of Return Of Capital - Re 0.3848 Per Unit/Interest Amount - Rs 1.1384 Per Unit | |
| 2023-02-17 | Distribution - Rs 1.4514 Per Unit Comprising Of Return On Capital - Rs 1.0203 Per Unit/Interest Amount - Rs 0.4311 Per Unit | |
| 2022-11-28 | Dividend - Rs 0.9679 Per Share | |
| 2022-05-18 | Dividend - Rs 0.3081 Per Unit/Return On Capital - Rs 0.7758 Per Unit/Interest Amount - Rs 0.4683 Per Unit | |
| 2021-08-18 | Interest - Rs 0.60 Per Unit | |
| 2021-05-31 | Dividend - Re 1 Per Unit/Interest - Rs 0.83 Per Unit | |
| 2021-02-22 | Distribution - Rs 1.59 Per Unit | |
| 2020-11-17 | Interest -Rs 1.2/Return On Capital -Rs 0.41/Interim Dividend -Rs 0.92 | |
| 2020-08-18 | Distribution - Rs 1.21 Per Unit | |
| 2020-06-04 | Interest -Rs 0.96/Return On Capital -Rs 0.85/Interim Dividend -Rs 1.45 | |
| 2020-02-17 | Distribution - Rs 0.51 Per Unit | |
| 2019-10-25 | Distribution - Rs 3.51 Per Unit |
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.
Not on any NSE surveillance list in the latest file.