Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 21.04 | 22.14 | 28.72 | 29.05 | 24.30 | 25.02 | 26.74 | 24.11 |
| Expenses | 18.52 | 19.08 | 24.96 | 25.87 | 22.64 | 22.79 | 24.76 | 21.25 |
| Operating Profit | 2.52 | 3.06 | 3.76 | 3.18 | 1.66 | 2.23 | 1.98 | 2.86 |
| OPM % | 11.98% | 13.82% | 13.09% | 10.95% | 6.83% | 8.91% | 7.40% | 11.86% |
| Other Income | 0.02 | 0.03 | 0.13 | 0.12 | 0.18 | 0.42 | 0.30 | 0.26 |
| Interest | 0.34 | 0.46 | 0.37 | 0.41 | 0.38 | 0.58 | 0.54 | 0.80 |
| Depreciation | 0.14 | 0.14 | 0.12 | 0.12 | 0.18 | 0.24 | 0.25 | 0.64 |
| Profit before tax | 2.06 | 2.49 | 3.40 | 2.77 | 1.28 | 1.83 | 1.49 | 1.68 |
| Tax % | 34.47% | 29.32% | 27.94% | 28.52% | 27.34% | 3.28% | 57.72% | 27.98% |
| Net Profit | 1.35 | 1.75 | 2.46 | 1.99 | 0.93 | 1.76 | 0.63 | 1.21 |
| EPS in Rs | 3.38 | 3.24 | 3.19 | 2.58 | 1.21 | 2.28 | 0.82 | 1.57 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 19.33 | 22.96 | 34.74 | 43.18 | 57.67 | 49.13 | 50.70 |
| Expenses | 17.26 | 20.61 | 30.58 | 37.59 | 50.73 | 45.23 | 45.87 |
| Operating Profit | 2.07 | 2.35 | 4.16 | 5.59 | 6.94 | 3.90 | 4.83 |
| OPM % | 10.71% | 10.24% | 11.97% | 12.95% | 12.03% | 7.94% | 9.53% |
| Other Income | 0.06 | 0.03 | 0.09 | 0.04 | 0.25 | 0.59 | 0.57 |
| Interest | 0.67 | 0.75 | 0.74 | 0.81 | 0.78 | 0.96 | 1.34 |
| Depreciation | 0.47 | 0.55 | 0.49 | 0.28 | 0.23 | 0.42 | 0.89 |
| Profit before tax | 0.99 | 1.08 | 3.02 | 4.54 | 6.18 | 3.11 | 3.17 |
| Tax % | 5.05% | -2.78% | 1.32% | 31.94% | 27.99% | 13.83% | 41.96% |
| Net Profit | 0.94 | 1.10 | 2.97 | 3.10 | 4.44 | 2.68 | 1.84 |
| EPS in Rs | 2.35 | 2.75 | 7.42 | 5.74 | 5.76 | 3.48 | 2.39 |
| Dividend Payout % | 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 | % | 17% | 6% | 3% | ||
| Compounded Profit Growth | % | 11% | -16% | -31% | ||
| Stock Price CAGR | % | % | -10% | 20% | ||
| Return on Equity | % | 16% | 11% | 6% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.00 | 4.00 | 4.00 | 5.40 | 7.71 | 7.71 | 7.71 |
| Reserves | -2.65 | -1.54 | 1.41 | 3.24 | 21.54 | 24.24 | 26.05 |
| Borrowings | 12.45 | 16.50 | 17.58 | 16.75 | 24.34 | 25.02 | 31.19 |
| Other Liabilities | 7.53 | 6.93 | 4.93 | 7.06 | 2.76 | 2.45 | 3.69 |
| Total Liabilities | 21.33 | 25.89 | 27.92 | 32.45 | 56.35 | 59.42 | 68.64 |
| Fixed Assets | 2.84 | 2.56 | 2.08 | 2.01 | 1.89 | 2.89 | 11.15 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.08 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 18.49 | 23.33 | 25.84 | 30.44 | 54.46 | 48.45 | 57.49 |
| Total Assets | 21.33 | 25.89 | 27.92 | 32.45 | 56.35 | 59.42 | 68.64 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.58 | -2.96 | -0.16 | 1.93 | -12.41 | 5.81 | -3.62 |
| Cash from Investing Activity | -0.72 | -0.37 | -0.01 | -0.20 | -0.12 | -9.51 | -1.07 |
| Cash from Financing Activity | -0.84 | 3.30 | 0.45 | -1.64 | 22.98 | -0.28 | 4.83 |
| Net Cash Flow | 0.02 | -0.03 | 0.28 | 0.09 | 10.46 | -3.98 | 0.14 |
| Free Cash Flow | 0.84 | -3.23 | -0.17 | 1.73 | -12.53 | -3.70 | -4.69 |
| CFO/OP | 76% | -126% | -2% | 58% | -154% | 172% | -63% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 148.04 | 168.67 | 98.87 | 113.52 | 131.65 | 116.05 | 175.23 |
| Inventory Days | 184.96 | 199.45 | 163.37 | 159.99 | 144.66 | 216.32 | 236.44 |
| Days Payable | 143.34 | 95.65 | 35.85 | 42.48 | 8.77 | 14.22 | 22.64 |
| Cash Conversion Cycle | 189.66 | 272.48 | 226.39 | 231.03 | 267.53 | 318.15 | 389.02 |
| Working Capital Days | 124.44 | 130.04 | 121.25 | 104.31 | 187.66 | 190.86 | 185.02 |
| ROCE % | 11.17% | 17.93% | 22.12% | 17.62% | 7.38% | 7.40% |
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 70.04% | 70.04% | 70.04% | 70.04% | 70.04% | 70.04% |
| FIIs | 7.78% | 7.68% | 7.22% | 5.06% | 2.18% | 2.18% |
| Public | 22.18% | 22.28% | 22.74% | 24.90% | 27.78% | 27.78% |
| No. of Shareholders | 449 | 770 | 920 | 975 | 1,020 | 822 |
Fundamentals
Market Cap₹ 66.3 Cr.
Current Price₹ 86.0
Stock P/E36.0
Book Value₹ 43.8
ROCE7.40 %
ROE5.60 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-31%
Standalone figures.
Valuation
Market capRs 44 Cr
Enterprise valueRs 60 Cr
P/E (TTM)14.07x
Price to book5.05x
Price to sales1.01x
EV / EBITDA10.58x
EV / EBIT11.13x
EV / sales1.38x
Price to cash flow22.61x
Earnings yield7.10%
Profitability
Operating margin (excl. other income)12.95%
Operating margin (incl. other income)13.04%
EBITDA margin13.04%
Pre-tax margin10.51%
Net profit margin7.18%
ROE44.13%
ROCE22.12%
ROA10.27%
ROE, 3-year average59.12%
ROCE, 3-year average17.07%
ROA, 3-year average8.66%
ROIC (approx.)14.83%
Tax rate31.94%
Other income / net worth0.46%
Growth
Sales growth (latest year)24.29%
Profit growth (latest year)4.38%
Sales CAGR, 3 years30.72%
Profit CAGR, 3 years48.85%
Per share
EPS (TTM)Rs 5.74
EPS (latest year)Rs 5.74
EPS, 3-year averageRs 5.31
Book value per shareRs 16.00
Sales per shareRs 79.96
Cash flow per shareRs 3.57
Free cash flow per shareRs -8.69
Efficiency
Asset turnover1.33x
Fixed asset turnover21.48x
Inventory turnover2.34x
Inventory days156 days
Debtor days114 days
Debtors turnover3.22x
Creditor days23 days
Cash conversion cycle389 days
Working capital days185 days
Leverage
Total debtRs 17 Cr
Cash and bankRs 1 Cr
Net debtRs 16 Cr
Debt to equity1.94x
Net debt / EBITDA2.83x
Interest coverage6.60x
Owners' fund to total sources26.63%
Debt to assets51.62%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-0.56x
Sales to cash flow22.37x
Statement figures
Net sales (TTM)Rs 43 Cr
Net sales (latest year)Rs 43 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 32 Cr
Total expenditure (latest year)Rs 38 Cr
Total income (latest year)Rs 43 Cr
Share capitalRs 5 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 32 Cr
Net blockRs 2 Cr
ReceivablesRs 13 Cr
InventoryRs 14 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)0.54
Ownership
Promoter holding70.04% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.1 is at the 32th percentile of its own 3.3-year range
(median 33.6, low 8.9, high 89.0).
P/B 5.05 is at the 8th percentile (median 15.04).
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 | PENTAGON | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -14.9% | -2.8% | -12.2 pts |
| 1 month | +58.4% | -6.8% | +65.2 pts |
| 3 months | +37.1% | -7.6% | +44.7 pts |
| 6 months | +10.7% | +0.4% | +10.3 pts |
| 1 year | +22.9% | -9.9% | +32.8 pts |
| 2 years | -34.8% | -13.6% | -21.3 pts |
| 3 years | -31.5% | +14.2% | -45.7 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -17% of net profit over the last 3 years |
| explain | Share dilution Share count up 35% in a year, 35% in three |
| 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
Mar 2026Sales ₹24 Cr -17.0% vs Mar 2024.
Net profit ₹1 Cr -39.2%.
Activity
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| Ameenji Rubber Ltd | 281 | 44.3 | 16.9 % |
| Horizon Reclaim (India) Ltd | 273 | 26.0 | 36.5 % |
| Elgi Rubber Company Ltd | 265 | -12.9 % | |
| Sampann Utpadan India Ltd | 122 | 17.5 | 8.30 % |
| Rishiroop Ltd | 121 | 11.3 | 5.34 % |
| Lead Reclaim and Rubber Products Ltd | 90 | 21.8 | 21.3 % |
No bulk or block deals on record.
No corporate actions on record.
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 1Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded