Price
Financials
Standalone, Rs crore| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.69 | 20.77 | 25.41 | 17.26 | 15.51 | 10.07 | 10.08 | 5.43 | 1.12 | 4.29 | 7.15 | 5.86 |
| Expenses | 17.43 | 18.79 | 22.45 | 14.89 | 12.66 | 7.87 | 7.94 | 3.66 | 2.33 | 4.96 | 5.69 | 4.50 |
| Operating Profit | 2.26 | 1.98 | 2.96 | 2.37 | 2.85 | 2.20 | 2.14 | 1.77 | -1.21 | -0.67 | 1.46 | 1.36 |
| OPM % | 11.48% | 9.53% | 11.65% | 13.73% | 18.38% | 21.85% | 21.23% | 32.60% | -108.04% | -15.62% | 20.42% | 23.21% |
| Other Income | 0.06 | 0.21 | 0.80 | 0.88 | 0.28 | 0.63 | 0.36 | 0.07 | 2.27 | 0.37 | 0.03 | 0.11 |
| Interest | 0.83 | 1.23 | 1.39 | 1.60 | 1.57 | 1.68 | 1.81 | 1.33 | 0.49 | 0.24 | 0.27 | 0.31 |
| Depreciation | 0.26 | 0.34 | 0.69 | 0.69 | 0.69 | 0.65 | 0.53 | 0.48 | 0.46 | 1.12 | 1.09 | 1.14 |
| Profit before tax | 1.23 | 0.62 | 1.68 | 0.96 | 0.87 | 0.50 | 0.16 | 0.03 | 0.11 | -1.66 | 0.13 | 0.02 |
| Tax % | 42.28% | 48.39% | 27.38% | 37.50% | 33.33% | 28.00% | 12.50% | 0.00% | 245.45% | 13.86% | -361.54% | -4,000.00% |
| Net Profit | 0.71 | 0.32 | 1.22 | 0.60 | 0.58 | 0.37 | 0.14 | 0.04 | -0.17 | -1.89 | 0.60 | 0.82 |
| EPS in Rs | 1.25 | 0.53 | 1.51 | 0.49 | 0.48 | 0.25 | 0.09 | 0.03 | -0.10 | -1.08 | 0.34 | 0.50 |
| Dividend Payout % | 5.07% | 0.00% | 8.38% | 64.25% | 0.00% | 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 | -12% | -10% | 74% | -18% | ||
| Compounded Profit Growth | 10% | 42% | 35% | 37% | ||
| Stock Price CAGR | % | -32% | -58% | -69% | ||
| Return on Equity | 0% | -2% | -1% | 3% |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.60 | 3.83 | 5.11 | 7.71 | 7.71 | 9.45 | 10.06 | 10.06 | 11.06 | 11.06 | 11.06 | 16.75 |
| Reserves | 0.69 | 1.28 | 1.41 | 4.93 | 5.51 | 8.83 | 10.03 | 12.74 | 11.57 | 9.69 | 10.28 | 15.90 |
| Borrowings | 5.51 | 6.93 | 10.86 | 10.18 | 10.62 | 12.33 | 11.59 | 14.36 | 9.65 | 8.85 | 10.28 | 7.79 |
| Other Liabilities | 5.60 | 7.45 | 7.31 | 7.58 | 5.16 | 5.07 | 4.46 | 3.53 | 3.74 | 3.95 | 3.09 | 2.16 |
| Total Liabilities | 15.40 | 19.49 | 24.69 | 30.40 | 29.00 | 35.68 | 36.14 | 40.69 | 36.02 | 33.55 | 34.71 | 42.60 |
| Fixed Assets | 3.18 | 3.55 | 6.42 | 6.05 | 5.74 | 5.02 | 4.52 | 4.54 | 11.09 | 10.00 | 8.93 | 8.02 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.37 | 5.41 | 8.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.11 | 0.11 | 0.12 | 1.11 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.01 | 0.01 | 0.01 |
| Other Assets | 12.11 | 15.83 | 18.15 | 23.24 | 22.25 | 25.28 | 25.20 | 26.25 | 23.92 | 23.54 | 25.77 | 34.57 |
| Total Assets | 15.40 | 19.49 | 24.69 | 30.40 | 29.00 | 35.68 | 36.14 | 40.69 | 36.02 | 33.55 | 34.71 | 42.60 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.77 | 0.41 | -0.30 | -1.76 | 1.57 | -0.64 | 0.48 | -0.34 | 1.12 | 1.33 | -2.18 | -6.15 |
| Cash from Investing Activity | -0.64 | -0.88 | -2.40 | -0.83 | -0.19 | -4.02 | -1.04 | -1.31 | 3.82 | 1.30 | -0.02 | -0.23 |
| Cash from Financing Activity | 0.03 | 0.65 | 2.80 | 2.65 | -1.41 | 4.52 | 0.50 | 1.55 | -4.73 | -1.52 | 1.16 | 7.68 |
| Net Cash Flow | 0.16 | 0.18 | 0.09 | 0.05 | -0.03 | -0.14 | -0.07 | -0.10 | 0.20 | 1.11 | -1.04 | 1.29 |
| Free Cash Flow | 0.11 | -0.50 | -2.75 | -1.63 | 1.19 | -4.69 | -0.59 | -1.62 | 4.94 | 1.62 | -2.20 | -6.38 |
| CFO/OP | 53% | 45% | -3% | -57% | 47% | -51% | 47% | -19% | -91% | -199% | -149% | -452% |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 177.59 | 141.82 | 177.40 | 204.70 | 191.32 | 251.55 | 236.82 | 564.64 | 2,206.29 | 446.68 | 371.13 | 629.72 |
| Inventory Days | 30.83 | 137.30 | 29.72 | 194.18 | 239.19 | 461.05 | 445.39 | 1,080.10 | 2,685.36 | 1,173.96 | 988.54 | 2,276.99 |
| Days Payable | 77.23 | 97.83 | 97.75 | 155.51 | 137.80 | 144.95 | 165.32 | 317.33 | 759.80 | 360.53 | 168.38 | 109.69 |
| Cash Conversion Cycle | 131.19 | 181.29 | 109.37 | 243.38 | 292.71 | 567.65 | 516.89 | 1,327.42 | 4,131.86 | 1,260.11 | 1,191.29 | 2,797.02 |
| Working Capital Days | 25.40 | 29.52 | 27.58 | 119.69 | 161.67 | 290.33 | 380.57 | 846.96 | 4,660.27 | 1,154.56 | 876.51 | 1,575.85 |
| ROCE % | 22.49% | 16.94% | 18.08% | 10.50% | 10.37% | 7.09% | 6.33% | 3.95% | -3.83% | -5.66% | 1.31% | 0.92% |
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 46.98% | 33.80% | 33.80% | 33.80% | 33.69% | 31.25% | 30.70% | 30.65% | 30.65% | 30.65% | 30.65% | 30.65% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 4.66% | 0.71% | 0.65% | 0.65% | 0.41% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 48.36% | 65.49% | 65.55% | 65.55% | 65.90% | 67.87% | 69.30% | 69.35% | 69.35% | 69.35% | 69.35% | 69.35% |
| No. of Shareholders | 210 | 218 | 393 | 481 | 545 | 737 | 882 | 979 | 1,006 | 958 | 912 | 909 |
Fundamentals
Market Cap₹ 2.97 Cr.
Current Price₹ 1.70
Stock P/E3.62
Book Value₹ 19.9
ROCE0.92 %
ROE3.04 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-18%
Compounded Profit Growth (TTM)37%
Standalone figures.
Valuation
Market capRs 3 Cr
Enterprise valueRs 9 Cr
P/E (TTM)3.63x
Price to book0.09x
Price to sales0.51x
EV / EBITDA6.32x
EV / EBIT28.16x
EV / sales1.59x
Earnings yield27.57%
P/E, 3-year average68.32x
P/B, 3-year average1.34x
P/E, 5-year average145.94x
P/B, 5-year average1.01x
Profitability
Operating margin (excl. other income)23.21%
Operating margin (incl. other income)25.09%
EBITDA margin25.09%
Pre-tax margin0.34%
Net profit margin13.99%
ROE3.04%
ROCE0.92%
ROA2.12%
ROE, 3-year average-0.94%
ROCE, 3-year average-0.79%
ROA, 3-year average-0.52%
ROE, 5-year average-0.68%
ROCE, 5-year average0.66%
ROA, 5-year average-0.38%
ROIC (approx.)34.72%
Tax rate-4000.00%
Other income / net worth0.34%
Growth
Sales growth (latest year)-18.04%
Profit growth (latest year)36.67%
Sales CAGR, 3 years73.60%
Sales CAGR, 5 years-10.28%
Profit CAGR, 5 years42.41%
Per share
EPS (TTM)Rs 0.47
EPS (latest year)Rs 0.47
EPS, 3-year averageRs -0.23
EPS, 5-year averageRs -0.16
Book value per shareRs 18.66
Sales per shareRs 3.35
Cash flow per shareRs -3.52
Free cash flow per shareRs -3.65
Efficiency
Asset turnover0.14x
Fixed asset turnover0.73x
Inventory turnover0.18x
Inventory days1989 days
Debtor days630 days
Debtors turnover0.58x
Creditor days110 days
Cash conversion cycle2797 days
Working capital days1576 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 1 Cr
Net debtRs 6 Cr
Debt to equity0.24x
Net debt / EBITDA4.30x
Interest coverage1.06x
Owners' fund to total sources76.64%
Debt to assets18.29%
Cash flow
Cash from Operating Activity (latest year)Rs -6 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -6 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 6 Cr
Share capitalRs 17 Cr
ReservesRs 16 Cr
Shareholders' fundsRs 33 Cr
Total assetsRs 43 Cr
Net blockRs 8 Cr
InvestmentsRs 0 Cr
ReceivablesRs 10 Cr
InventoryRs 12 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.75
Ownership
Promoter holding30.65% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 3.6 is at the 1th percentile of its own 6.3-year range
(median 60.3, low 3.0, high 198.7).
P/B 0.09 is at the 1th percentile (median 1.22).
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 | PERFECT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.0% | -2.8% | +5.8 pts |
| 1 month | -22.7% | -6.8% | -15.9 pts |
| 3 months | +21.4% | -7.6% | +29.0 pts |
| 6 months | -57.5% | +0.4% | -57.9 pts |
| 1 year | -90.8% | -9.9% | -80.9 pts |
| 2 years | -91.3% | -13.6% | -77.7 pts |
| 3 years | -92.7% | +14.2% | -106.8 pts |
| 5 years | -85.8% | +27.9% | -113.7 pts |
Red flags
F-score 5 of 8| explain | High accruals Profit exceeded operating cash by 16% of total assets in 2024 |
| explain | Receivables outrunning sales Receivables grew 39% vs sales -18% in 2024 |
| explain | Low interest cover Interest cover 1.1x in 2024 |
| look | Inventory outrunning sales Inventory grew 32% vs sales -18% in 2024 |
| look | Profit leans on other income Other income was 550% of pre-tax profit in 2024 |
| look | On NSE surveillance On NSE surveillance: GSM, Insolvency |
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
No quarterly results published.
Activity
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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.
GSMInsolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedUnder BZ/SZ Series