Price
Financials
Consolidated, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Sales | 7.76 | 7.39 | 7.96 | 9.68 | 10.82 | 10.07 |
| Expenses | 7.48 | 6.15 | 7.16 | 8.94 | 9.90 | 9.33 |
| Operating Profit | 0.28 | 1.24 | 0.80 | 0.74 | 0.92 | 0.74 |
| OPM % | 3.61% | 16.78% | 10.05% | 7.64% | 8.50% | 7.35% |
| Other Income | 0.02 | 0.00 | 0.04 | 0.21 | 0.35 | 0.33 |
| Interest | 0.07 | 0.09 | 0.08 | 0.12 | 0.03 | 0.08 |
| Depreciation | 0.19 | 0.20 | 0.23 | 0.30 | 0.18 | 0.42 |
| Profit before tax | 0.04 | 0.95 | 0.53 | 0.53 | 1.06 | 0.57 |
| Tax % | 150.00% | 0.00% | -13.21% | 33.96% | 67.92% | 31.58% |
| Net Profit | -0.02 | 0.95 | 0.60 | 0.35 | 0.34 | 0.40 |
| EPS in Rs | -0.47 | 22.54 | 1.16 | 0.50 | 0.48 | 0.57 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 9.81 | 5.85 | 10.50 | 14.00 | 15.35 | 20.49 | 20.38 |
| Expenses | 9.09 | 5.59 | 9.76 | 12.51 | 13.32 | 18.77 | 19.74 |
| Operating Profit | 0.72 | 0.26 | 0.74 | 1.49 | 2.03 | 1.72 | 0.64 |
| OPM % | 7.34% | 4.44% | 7.05% | 10.64% | 13.22% | 8.39% | 3.14% |
| Other Income | 0.02 | 0.05 | 0.00 | 0.03 | 0.04 | 0.56 | 0.63 |
| Interest | 0.31 | 0.18 | 0.15 | 0.16 | 0.17 | 0.21 | 0.16 |
| Depreciation | 0.32 | 0.12 | 0.14 | 0.28 | 0.44 | 0.48 | 0.89 |
| Profit before tax | 0.11 | 0.01 | 0.45 | 1.08 | 1.46 | 1.59 | 0.22 |
| Tax % | 0.00% | -900.00% | -4.44% | 5.56% | -4.79% | 55.97% | 40.91% |
| Net Profit | 0.11 | 0.10 | 0.47 | 1.02 | 1.54 | 0.70 | 0.13 |
| EPS in Rs | 2.61 | 2.37 | 11.15 | 24.21 | 2.98 | 0.99 | 0.18 |
| 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 | % | 28% | 13% | -1% | ||
| Compounded Profit Growth | % | 5% | -50% | -82% | ||
| Stock Price CAGR | % | % | % | -53% | ||
| Return on Equity | % | 10% | 7% | 1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.42 | 0.42 | 0.42 | 0.42 | 5.17 | 7.05 | 7.05 |
| Reserves | -0.99 | -0.53 | -0.06 | 2.93 | 0.78 | 11.96 | 12.47 |
| Borrowings | 0.84 | 1.15 | 0.99 | 1.05 | 0.96 | 1.34 | 1.38 |
| Other Liabilities | 4.71 | 4.27 | 3.93 | 3.73 | 2.27 | 3.50 | 4.96 |
| Total Liabilities | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |
| Fixed Assets | 1.46 | 1.74 | 1.68 | 2.46 | 2.85 | 7.01 | 7.37 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 3.52 | 3.57 | 3.60 | 5.67 | 6.33 | 16.84 | 18.49 |
| Total Assets | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.15 | 0.41 | 0.10 | 1.11 | 0.76 | 1.38 | -0.94 |
| Cash from Investing Activity | -0.03 | 0.01 | -0.08 | -1.03 | -0.79 | -3.45 | -1.96 |
| Cash from Financing Activity | -0.15 | -0.19 | -0.30 | -0.08 | 0.78 | 11.91 | -0.28 |
| Net Cash Flow | -0.03 | 0.22 | -0.28 | 0.00 | 0.75 | 9.84 | -3.18 |
| Free Cash Flow | 0.10 | 0.37 | 0.02 | 0.05 | -0.07 | -2.69 | -2.35 |
| CFO/OP | 21% | 158% | 14% | 74% | 37% | 80% | -147% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 | |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 | |
| Working Capital Days | -79.62 | -94.84 | -20.51 | 45.36 | 69.91 | 52.91 | |
| ROCE % | 29.01% | 50.21% | 43.13% | 28.82% | 13.65% |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 41.02% | 41.04% | 41.13% | 41.20% | 41.20% | 41.25% | 41.43% | 41.54% |
| FIIs | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 1.20% |
| DIIs | 3.77% | 0.05% | 2.22% | 2.22% | 2.23% | 2.22% | 0.00% | 0.00% |
| Public | 54.64% | 58.34% | 56.07% | 56.00% | 56.00% | 55.96% | 58.00% | 57.25% |
| No. of Shareholders | 413 | 532 | 507 | 527 | 575 | 555 | 550 | 558 |
Fundamentals
Market Cap₹ 20.6 Cr.
Current Price₹ 29.2
Stock P/E158
Book Value₹ 27.7
ROCE1.87 %
ROE0.68 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)-82%
Consolidated figures.
Valuation
Market capRs 20 Cr
Enterprise valueRs 21 Cr
P/E (TTM)19.77x
Price to book6.02x
Price to sales1.44x
EV / EBITDA13.94x
EV / EBIT17.09x
EV / sales1.51x
Price to cash flow18.16x
Earnings yield5.06%
Profitability
Operating margin (excl. other income)10.64%
Operating margin (incl. other income)10.86%
EBITDA margin10.86%
Pre-tax margin7.71%
Net profit margin7.29%
ROE54.99%
ROCE43.13%
ROA15.21%
ROE, 3-year average133.86%
ROCE, 3-year average40.78%
ROA, 3-year average8.68%
ROIC (approx.)26.74%
Tax rate5.56%
Other income / net worth0.90%
Growth
Sales growth (latest year)33.33%
Profit growth (latest year)117.02%
Sales CAGR, 3 years12.59%
Profit CAGR, 3 years110.09%
Per share
EPS (TTM)Rs 1.45
EPS (latest year)Rs 24.21
EPS, 3-year averageRs 12.58
Book value per shareRs 4.75
Sales per shareRs 19.86
Cash flow per shareRs 1.57
Free cash flow per shareRs -3.33
Efficiency
Asset turnover1.72x
Fixed asset turnover5.69x
Debtor days117 days
Debtors turnover3.13x
Cash conversion cycle72 days
Working capital days53 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.31x
Net debt / EBITDA0.68x
Interest coverage7.75x
Owners' fund to total sources41.21%
Debt to assets12.92%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years0.62x
Sales to cash flow12.61x
Statement figures
Net sales (TTM)Rs 14 Cr
Net sales (latest year)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 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 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 13 Cr
Total income (latest year)Rs 14 Cr
Share capitalRs 0 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 8 Cr
Net blockRs 2 Cr
ReceivablesRs 4 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.70
Ownership
Promoter holding41.54% (+0.34 in a year)
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).
| Period | RADIOWALLA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +8.1% | -2.8% | +10.9 pts |
| 1 month | +12.2% | -6.8% | +18.9 pts |
| 3 months | +6.5% | -7.6% | +14.1 pts |
| 6 months | -48.3% | +0.4% | -48.7 pts |
| 1 year | -55.3% | -9.9% | -45.4 pts |
| 2 years | -76.3% | -13.6% | -62.7 pts |
Red flags
F-score 7 of 8| explain | Receivables outrunning sales Receivables grew 75% vs sales +33% in 2026 |
| 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
Sep 2025Sales ₹10 Cr +36.3% vs Sep 2023.
Net profit ₹0 Cr -57.9%.
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 2Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)