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 | 76.16 | 79.86 | 81.45 | 78.84 | 83.73 | 79.44 | 66.23 | 60.40 | 74.15 | 108.03 | 54.45 | 91.88 |
| Expenses | 67.48 | 71.94 | 71.92 | 70.47 | 73.16 | 72.83 | 58.71 | 55.36 | 67.18 | 99.38 | 46.41 | 84.06 |
| Operating Profit | 8.68 | 7.92 | 9.53 | 8.37 | 10.57 | 6.61 | 7.52 | 5.04 | 6.97 | 8.65 | 8.04 | 7.82 |
| OPM % | 11.40% | 9.92% | 11.70% | 10.62% | 12.62% | 8.32% | 11.35% | 8.34% | 9.40% | 8.01% | 14.77% | 8.51% |
| Other Income | 0.23 | 0.11 | 0.21 | 0.17 | 0.14 | 0.72 | 0.75 | -2.41 | 0.87 | 0.89 | 0.59 | 0.27 |
| Interest | 2.73 | 2.72 | 2.91 | 2.66 | 2.72 | 2.94 | 2.33 | 1.05 | 1.45 | 1.85 | 2.05 | 2.35 |
| Depreciation | 2.35 | 2.60 | 2.89 | 2.94 | 3.32 | 3.44 | 3.35 | 3.39 | 3.52 | 3.66 | 3.75 | 4.18 |
| Profit before tax | 3.83 | 2.71 | 3.94 | 2.94 | 4.67 | 0.95 | 2.59 | -1.81 | 2.87 | 4.03 | 2.83 | 1.56 |
| Tax % | 27.94% | 18.82% | 25.63% | 27.55% | 28.69% | 21.05% | 29.73% | -5.52% | 41.46% | 25.31% | 14.84% | 41.03% |
| Net Profit | 2.75 | 2.20 | 2.93 | 2.13 | 3.34 | 0.76 | 1.82 | -1.72 | 1.68 | 3.02 | 2.31 | 0.88 |
| EPS in Rs | 0.22 | 0.14 | 0.22 | 0.18 | 0.22 | 0.06 | 0.12 | -0.15 | 0.09 | 0.22 | 0.17 | 0.06 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 180 | 218 | 312 | 359 | 314 | 306 | 295 | 329 |
| Expenses | 161 | 199 | 282 | 326 | 280 | 273 | 266 | 297 |
| Operating Profit | 19 | 20 | 30 | 33 | 35 | 33 | 29 | 31 |
| OPM % | 10% | 9% | 10% | 9% | 11% | 11% | 10% | 10% |
| Other Income | -1 | 0 | 1 | 2 | 3 | 2 | -0 | 3 |
| Interest | 4 | 5 | 9 | 11 | 11 | 11 | 7 | 8 |
| Depreciation | 4 | 4 | 9 | 12 | 11 | 13 | 14 | 15 |
| Profit before tax | 9 | 11 | 13 | 12 | 16 | 11 | 8 | 11 |
| Tax % | 31% | 32% | 28% | 29% | 24% | 28% | 32% | |
| Net Profit | 4 | 7 | 9 | 9 | 12 | 8 | 5 | 8 |
| EPS in Rs | 0.83 | 0.51 | 0.65 | 0.69 | 0.87 | 0.53 | 0.33 | 0.54 |
| Dividend Payout % | -0% | -0% | -0% | 15% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 6% | -6% | 13% | ||
| Compounded Profit Growth | % | -3% | -12% | 42% | ||
| Stock Price CAGR | % | 9% | -28% | -58% | ||
| Return on Equity | % | 7% | 6% | 3% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 6 | 6 | 12 | 12 | 14 | 14 |
| Reserves | 24 | 42 | 48 | 49 | 61 | 186 | 190 |
| Borrowings | 49 | 59 | 123 | 139 | 123 | 36 | 113 |
| Other Liabilities | 44 | 56 | 64 | 78 | 62 | 42 | 54 |
| Total Liabilities | 120 | 162 | 241 | 279 | 258 | 278 | 371 |
| Fixed Assets | 45 | 53 | 77 | 88 | 75 | 91 | 142 |
| CWIP | 0 | -0 | 0 | 1 | 0 | 0 | 4 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets | 75 | 110 | 164 | 190 | 182 | 187 | 225 |
| Total Assets | 120 | 162 | 241 | 279 | 258 | 278 | 371 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -5 | -8 | -21 | 18 | 6 | 6 | -1 |
| Cash from Investing Activity | -23 | -11 | -31 | -23 | -18 | -28 | -66 |
| Cash from Financing Activity | 28 | 18 | 52 | 5 | 12 | 22 | 68 |
| Net Cash Flow | -1 | -1 | 0 | -0 | -0 | 1 | 1 |
| Free Cash Flow | -31 | -19 | -52 | -5 | -15 | -22 | -46 |
| CFO/OP | -15% | -26% | -60% | 65% | 26% | 32% | 8% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 64 | 59 | 54 | 65 | 52 | 55 |
| Inventory Days | 96 | 122 | 168 | 168 | 176 | 208 | 235 |
| Days Payable | 80 | 102 | 75 | 85 | 70 | 38 | 56 |
| Cash Conversion Cycle | 76 | 84 | 151 | 137 | 171 | 222 | 234 |
| Working Capital Days | 9 | 29 | 31 | 25 | 20 | 138 | 61 |
| ROCE % | 16% | 14% | 11% | 13% | 9% | 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 | 70.45% | 70.45% | 70.45% | 70.45% | 70.45% | 70.45% | 61.50% | 61.50% | 61.50% | 61.50% | 61.50% | 61.50% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% | 6.18% | 6.38% | 6.06% | 5.73% | 5.06% | 4.80% |
| Public | 29.55% | 29.55% | 29.55% | 29.56% | 29.52% | 29.43% | 32.32% | 32.13% | 32.44% | 32.79% | 33.43% | 33.70% |
| No. of Shareholders | 1,225 | 2,082 | 3,079 | 4,210 | 4,802 | 5,357 | 5,407 | 5,238 | 10,440 | 10,622 | 12,188 | 12,021 |
Fundamentals
Market Cap₹ 214 Cr.
Current Price₹ 15.8
Stock P/E28.2
Book Value₹ 14.6
ROCE5.49 %
ROE2.64 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)42%
Consolidated figures.
Valuation
Market capRs 208 Cr
Enterprise valueRs 347 Cr
P/E (TTM)27.50x
Price to book3.38x
Price to sales0.63x
EV / EBITDA10.17x
EV / EBIT18.27x
EV / sales1.06x
Price to cash flow11.27x
Earnings yield3.64%
Dividend yield0.59%
P/E, 3-year average1.79x
P/B, 3-year average0.24x
Profitability
Operating margin (excl. other income)9.23%
Operating margin (incl. other income)9.76%
EBITDA margin10.38%
Pre-tax margin3.44%
Net profit margin2.30%
Net margin, latest quarter0.94%
ROE14.42%
ROCE12.32%
ROA3.22%
ROE, 3-year average15.56%
ROCE, 3-year average15.09%
ROA, 3-year average3.85%
ROIC (approx.)6.76%
Tax rate28.65%
Other income / net worth3.10%
Growth
Sales growth (latest year)15.17%
Profit growth (latest year)5.16%
Sales CAGR, 3 years25.98%
Profit CAGR, 3 years24.91%
Sales growth QoQ68.74%
Profit growth QoQ-64.75%
Sales growth YoY (latest quarter)52.12%
Per share
EPS (TTM)Rs 0.56
EPS (latest year)Rs 6.86
EPS (latest quarter)Rs 0.06
EPS, 3-year averageRs 10.05
Book value per shareRs 4.55
Sales per shareRs 24.24
Cash flow per shareRs 1.36
Free cash flow per shareRs -3.39
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividends
Dividend payout14.59%
Dividend payout, 3-year average14.59%
Efficiency
Asset turnover1.29x
Fixed asset turnover4.09x
Inventory turnover2.57x
Inventory days142 days
Debtor days54 days
Debtors turnover6.72x
Creditor days56 days
Cash conversion cycle234 days
Working capital days61 days
Leverage
Total debtRs 139 Cr
Cash and bankRs 0 Cr
Net debtRs 139 Cr
Debt to equity2.26x
Net debt / EBITDA4.07x
Interest coverage2.47x
Owners' fund to total sources22.12%
Debt to assets49.95%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -46 Cr
FCFE (approx.: FCF + change in debt)Rs -30 Cr
Cash from ops / profit, 5 years0.19x
Sales to cash flow19.45x
Statement figures
Net sales (TTM)Rs 329 Cr
Net sales (latest year)Rs 359 Cr
Sales (latest quarter)Rs 92 Cr
Operating profit excl. other income (latest year)Rs 33 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 34 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 273 Cr
Total expenditure (latest year)Rs 326 Cr
Total income (latest year)Rs 361 Cr
Share capitalRs 12 Cr
ReservesRs 49 Cr
Shareholders' fundsRs 62 Cr
Total assetsRs 279 Cr
Net blockRs 88 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 53 Cr
InventoryRs 106 Cr
Other liabilitiesRs 78 Cr
Shares outstanding (crore)13.55
Ownership
Promoter holding61.50% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 27.5 is the lowest in its own 3.4-year history
(median 107.2, low 27.5, high 256.2).
P/B 3.38 is the lowest in 3.4 years (median 11.16).
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 | PAVNAIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.5% | -2.8% | +3.2 pts |
| 1 month | -10.5% | -6.8% | -3.7 pts |
| 3 months | -13.7% | -7.6% | -6.0 pts |
| 6 months | +8.2% | +0.4% | +7.8 pts |
| 1 year | -59.5% | -9.9% | -49.6 pts |
| 2 years | -70.1% | -13.6% | -56.5 pts |
| 3 years | -63.4% | +14.2% | -77.6 pts |
| 5 years | -23.2% | +27.9% | -51.1 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -47% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 135% in three |
| look | Auditor change Auditor change 2026-07-27: Pavna Industries Limited has informed the Exchange regarding Change in Auditors of the company. |
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 ₹92 Cr +52.1% vs Jun 2025.
Net profit ₹1 Cr +151.2%.
Against our estimate for Jun 2026: sales +39.4%, profit -47.2% in line. Our estimate for Sep 2026: sales Rs 87 Cr, profit Rs 2 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Samvardhana Motherson International Ltd | 167,351 | 36.6 | 13.4 % |
| Bosch Ltd | 134,797 | 57.0 | 21.5 % |
| Bharat Forge Ltd | 94,900 | 94.0 | 12.6 % |
| Uno Minda Ltd | 67,102 | 54.9 | 19.6 % |
| Schaeffler India Ltd | 61,271 | 47.5 | 27.9 % |
| Sona BLW Precision Forgings Ltd | 50,907 | 65.5 | 15.1 % |
| Tube Investments of India Ltd | 46,709 | 74.5 | 17.1 % |
| Endurance Technologies Ltd | 37,343 | 37.9 | 17.8 % |
| Exide Industries Ltd | 34,595 | 36.9 | 8.54 % |
| Dhoot Transmission Ltd | 30,776 | 68.7 | 24.4 % |
| Craftsman Automation Ltd | 27,475 | 58.7 | 13.9 % |
| Sansera Engineering Ltd | 27,228 | 78.1 | 13.7 % |
| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
| Sundram Fasteners Ltd | 24,022 | 38.7 | 17.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2025-09-01 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share | 0.1000 |
| 2023-09-22 | Annual General Meeting |
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.
High low price variation greater than 150perc in previous 12 months
Quick answers
What is the market cap of Pavna Industries Ltd?
Pavna Industries Ltd (PAVNAIND) has a market capitalisation of Rs 214 Cr. at the 2026-10-01 close.
What is the P/E ratio of Pavna Industries Ltd?
Pavna Industries Ltd trades at a P/E of 28.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Pavna Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Pavna Industries Ltd sales was Rs 92 Cr (+52.1% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Pavna Industries Ltd?
The 52-week high is Rs 42.30 and the 52-week low is Rs 14.11.