Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.78 | 6.57 | 4.73 | 4.95 | 3.98 | 4.67 | 4.13 | 4.89 | 4.16 | 3.68 | 3.15 | 3.29 |
| Expenses | 3.61 | 5.16 | 4.09 | 3.91 | 3.56 | 3.65 | 3.40 | 3.27 | 3.13 | 3.35 | 2.69 | 3.09 |
| Operating Profit | 0.17 | 1.41 | 0.64 | 1.04 | 0.42 | 1.02 | 0.73 | 1.62 | 1.03 | 0.33 | 0.46 | 0.20 |
| OPM % | 4.50% | 21.46% | 13.53% | 21.01% | 10.55% | 21.84% | 17.68% | 33.13% | 24.76% | 8.97% | 14.60% | 6.08% |
| Other Income | 0.00 | 0.00 | 0.03 | 0.33 | 0.44 | 0.30 | 0.14 | 0.16 | 0.20 | 0.25 | 0.30 | 0.29 |
| Interest | 0.07 | 0.09 | 0.04 | 0.01 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.01 | 0.05 | 0.04 |
| Depreciation | 0.07 | 0.33 | 0.27 | 0.38 | 0.47 | 0.59 | 0.61 | 0.83 | 0.71 | 0.25 | 0.41 | 0.41 |
| Profit before tax | 0.03 | 0.99 | 0.36 | 0.98 | 0.39 | 0.69 | 0.26 | 0.95 | 0.52 | 0.32 | 0.30 | 0.04 |
| Tax % | 33.33% | 29.29% | 25.00% | 29.59% | 28.21% | 27.54% | 42.31% | 29.47% | 23.08% | 25.00% | 20.00% | 150.00% |
| Net Profit | 0.02 | 0.71 | 0.27 | 0.69 | 0.29 | 0.51 | 0.14 | 0.67 | 0.40 | 0.24 | 0.23 | -0.02 |
| EPS in Rs | 0.05 | 1.73 | 0.05 | 0.14 | 0.06 | 0.10 | 0.03 | 0.13 | 0.08 | 0.05 | 0.05 | -0.00 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 14.92 | 12.81 | 10.35 | 9.68 | 8.65 | 9.03 | 7.85 | 6.44 |
| Expenses | 14.67 | 11.45 | 8.51 | 8.00 | 7.21 | 6.68 | 6.50 | 5.77 |
| Operating Profit | 0.25 | 1.36 | 1.84 | 1.68 | 1.44 | 2.35 | 1.35 | 0.67 |
| OPM % | 1.68% | 10.62% | 17.78% | 17.36% | 16.65% | 26.02% | 17.20% | 10.40% |
| Other Income | 0.05 | 0.10 | 0.00 | 0.36 | 0.74 | 0.30 | 0.46 | 0.58 |
| Interest | 0.49 | 0.39 | 0.16 | 0.05 | 0.04 | 0.00 | 0.01 | 0.09 |
| Depreciation | 0.74 | 0.72 | 0.65 | 0.65 | 1.06 | 1.44 | 0.96 | 0.82 |
| Profit before tax | -0.93 | 0.35 | 1.03 | 1.34 | 1.08 | 1.21 | 0.84 | 0.34 |
| Tax % | -29.03% | 40.00% | 28.16% | 27.61% | 26.85% | 33.06% | 25.00% | 38.24% |
| Net Profit | -0.66 | 0.21 | 0.73 | 0.97 | 0.80 | 0.81 | 0.64 | 0.21 |
| EPS in Rs | -1.61 | 0.51 | 1.78 | 0.19 | 0.16 | 0.16 | 0.13 | 0.04 |
| Dividend Payout % | 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 | % | -9% | -9% | -18% | ||
| Compounded Profit Growth | % | -26% | -41% | -75% | ||
| Stock Price CAGR | % | % | -10% | 42% | ||
| Return on Equity | % | 4% | 3% | 1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.06 | 2.06 | 2.06 | 5.06 | 10.11 | 10.11 | 10.11 | 10.11 |
| Reserves | -0.15 | 0.07 | 0.79 | 12.49 | 8.29 | 9.08 | 9.76 | 9.97 |
| Borrowings | 2.45 | 1.81 | 0.22 | 0.00 | 0.00 | 0.00 | 0.94 | 1.03 |
| Other Liabilities | 1.90 | 1.13 | 2.42 | 1.36 | 1.18 | 1.19 | 1.15 | 1.03 |
| Total Liabilities | 6.26 | 5.07 | 5.49 | 18.91 | 19.58 | 20.38 | 21.96 | 22.14 |
| Fixed Assets | 1.90 | 1.40 | 1.70 | 2.66 | 11.49 | 11.44 | 11.18 | 10.36 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.88 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.36 | 3.67 | 3.79 | 16.25 | 7.21 | 8.94 | 10.78 | 11.78 |
| Total Assets | 6.26 | 5.07 | 5.49 | 18.91 | 19.58 | 20.38 | 21.96 | 22.14 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.02 | 1.29 | 2.46 | -0.71 | 0.39 | 1.59 | 0.72 | -1.44 |
| Cash from Investing Activity | -0.50 | -0.21 | -0.94 | -1.27 | -10.03 | -0.58 | -2.22 | -0.66 |
| Cash from Financing Activity | 0.22 | -1.08 | -1.28 | 13.50 | -0.04 | 0.00 | 0.93 | -0.01 |
| Net Cash Flow | -0.30 | 0.00 | 0.23 | 11.52 | -9.67 | 1.00 | -0.57 | -2.11 |
| Free Cash Flow | -0.42 | 1.08 | 1.51 | -2.33 | -9.49 | 0.47 | 0.02 | -1.45 |
| CFO/OP | 4% | 98% | 150% | -23% | 51% | 80% | 58% | -215% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29.85 | 43.02 | 96.98 | 75.79 | 101.69 | 118.84 | 126.01 | 179.67 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 29.85 | 43.02 | 96.98 | 75.79 | 101.69 | 118.84 | 126.01 | 179.67 |
| Working Capital Days | 15.66 | 26.21 | 39.14 | 116.51 | 162.46 | 189.17 | 295.25 | 544.10 |
| ROCE % | 17.83% | 33.95% | 13.09% | 6.01% | 6.38% | 4.25% | 1.86% |
| Sep 2021 | Mar 2022 | Sep 2022 | Oct 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.11% | 72.11% | 72.11% | 72.11% | 72.11% | 72.11% | 72.11% | 72.11% | 67.50% | 65.93% | 65.93% |
| Public | 27.89% | 27.89% | 27.89% | 27.89% | 27.89% | 27.89% | 27.89% | 27.89% | 32.50% | 34.07% | 34.07% |
| No. of Shareholders | 802 | 798 | 814 | 817 | 790 | 822 | 799 | 793 | 850 | 844 | 818 |
Fundamentals
Market Cap₹ 22.2 Cr.
Current Price₹ 4.40
Stock P/E139
Book Value₹ 3.97
ROCE1.86 %
ROE0.80 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-18%
Compounded Profit Growth (TTM)-75%
Standalone figures.
Valuation
Market capRs 21 Cr
Enterprise valueRs 18 Cr
P/E (TTM)26.21x
Price to book1.11x
Price to sales2.35x
EV / EBITDA6.83x
EV / EBIT14.96x
EV / sales2.00x
Price to cash flow13.35x
Earnings yield3.82%
P/E, 3-year average24.74x
P/B, 3-year average1.11x
P/E, 5-year average24.74x
P/B, 5-year average1.11x
Profitability
Operating margin (excl. other income)26.02%
Operating margin (incl. other income)29.35%
EBITDA margin29.35%
Pre-tax margin13.40%
Net profit margin8.97%
ROE4.31%
ROCE6.44%
ROA4.05%
ROE, 3-year average6.09%
ROCE, 3-year average8.72%
ROA, 3-year average5.39%
ROE, 5-year average11.60%
ROCE, 5-year average15.59%
ROA, 5-year average6.74%
ROIC (approx.)5.04%
Tax rate33.06%
Other income / net worth1.56%
Growth
Sales growth (latest year)4.39%
Profit growth (latest year)1.25%
Sales CAGR, 3 years-4.45%
Sales CAGR, 5 years-9.56%
Profit CAGR, 3 years3.53%
Per share
EPS (TTM)Rs 0.16
EPS (latest year)Rs 0.16
EPS, 3-year averageRs 0.23
EPS, 5-year averageRs 1.05
Book value per shareRs 3.80
Sales per shareRs 1.79
Cash flow per shareRs 0.31
Free cash flow per shareRs -0.29
Efficiency
Asset turnover0.44x
Fixed asset turnover0.79x
Debtor days119 days
Debtors turnover3.07x
Cash conversion cycle180 days
Working capital days544 days
Leverage
Cash and bankRs 3 Cr
Net debtRs -3 Cr
Net debt / EBITDA-1.18x
Owners' fund to total sources94.16%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -1 Cr
Cash from ops / profit, 5 years0.16x
Sales to cash flow5.68x
Statement figures
Net sales (TTM)Rs 9 Cr
Net sales (latest year)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 9 Cr
Share capitalRs 10 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 19 Cr
Total assetsRs 20 Cr
Net blockRs 11 Cr
ReceivablesRs 3 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)5.05
Ownership
Promoter holding65.93% (-6.18 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 26.2 is at the 42th percentile of its own 4.3-year range
(median 30.5, low 11.7, high 300.9).
P/B 1.11 is at the 31th percentile (median 9.93).
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 | QUADPRO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +13.5% | -2.8% | +16.3 pts |
| 1 month | +75.0% | -6.8% | +81.8 pts |
| 3 months | +75.0% | -7.6% | +82.6 pts |
| 6 months | +42.4% | +0.4% | +42.0 pts |
| 1 year | -2.3% | -9.9% | +7.6 pts |
| 2 years | -29.4% | -13.6% | -15.9 pts |
| 3 years | -27.0% | +14.2% | -41.1 pts |
| 5 years | -78.8% | +27.9% | -106.7 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 49% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 1134% 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 ₹3 Cr -32.7% vs Mar 2024.
Net loss ₹0 Cr.
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)