Price
Financials
Standalone, 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 | 0.24 | 0.49 | 1.27 | 0.96 | 1.21 | 3.96 | 7.02 | 6.72 | 8.76 | 11.52 | 11.26 | 18.33 |
| Expenses | 1.39 | 2.34 | 3.58 | 3.11 | 2.98 | 7.10 | 13.10 | 10.87 | 12.00 | 15.74 | 23.02 | 33.59 |
| Operating Profit | -1.15 | -1.85 | -2.31 | -2.15 | -1.77 | -3.14 | -6.08 | -4.15 | -3.24 | -4.22 | -11.76 | -15.26 |
| OPM % | -479.17% | -377.55% | -181.89% | -223.96% | -146.28% | -79.29% | -86.61% | -61.76% | -36.99% | -36.63% | -104.44% | -83.25% |
| Other Income | 0.50 | 0.31 | 0.33 | 0.33 | 0.30 | 0.45 | 11.55 | 1.83 | 0.14 | 0.20 | 0.42 | 13.54 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.14 | 0.16 | 0.16 | 0.15 | 0.16 | 0.15 | 0.14 |
| Depreciation | 0.92 | 1.05 | 1.12 | 0.99 | 1.08 | 1.00 | 0.98 | 0.97 | 0.98 | 0.98 | 1.00 | 0.71 |
| Profit before tax | -1.57 | -2.59 | -3.10 | -2.81 | -2.57 | -3.83 | 4.33 | -3.45 | -4.23 | -5.16 | -12.49 | -2.57 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -164.67% | -43.19% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -1.56 | -2.59 | -3.10 | -2.81 | -2.57 | -3.83 | 11.46 | -1.96 | -4.23 | -5.16 | -12.49 | -2.57 |
| EPS in Rs | -0.59 | -0.98 | -1.17 | -1.06 | -0.97 | -1.45 | 4.33 | -0.74 | -1.60 | -1.95 | -4.72 | -0.97 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 13 | 38 | 50 |
| Expenses | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 9 | 26 | 62 | 84 |
| Operating Profit | -1 | -2 | -2 | -1 | -1 | -1 | -1 | -2 | -7 | -13 | -23 | -34 |
| OPM % | -5,200% | -306% | -100% | -61% | -69% | |||||||
| Other Income | 2 | 0 | 10 | 1 | 4 | 0 | 38 | -9 | 1 | 13 | 3 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | -5 | -7 | 3 | -5 | -1 | -5 | 32 | -16 | -10 | -5 | -25 | -24 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -146% | -6% | |
| Net Profit | -5 | -7 | 3 | -5 | -1 | -5 | 32 | -16 | -10 | 2 | -24 | -24 |
| EPS in Rs | -1.76 | -2.47 | 1.26 | -1.96 | -0.53 | -1.92 | 12.17 | -5.91 | -3.71 | 0.85 | -9.02 | -9.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 885% | 164% | ||
| Compounded Profit Growth | % | % | % | -889% | ||
| Stock Price CAGR | 23% | 75% | 2% | -24% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Reserves | -76 | -80 | -87 | -84 | -89 | -90 | -96 | -63 | -79 | -89 | -87 | -110 |
| Borrowings | 99 | 117 | 110 | 100 | 103 | 100 | 102 | 57 | 58 | 67 | 77 | 109 |
| Other Liabilities | 69 | 51 | 54 | 55 | 51 | 51 | 51 | 51 | 60 | 63 | 81 | 95 |
| Total Liabilities | 118 | 114 | 104 | 97 | 91 | 87 | 83 | 71 | 65 | 69 | 99 | 121 |
| Fixed Assets | 57 | 51 | 47 | 42 | 37 | 33 | 29 | 24 | 20 | 16 | 11 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 8 | 8 |
| Investments | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 14 | 2 | 0 | 0 |
| Other Assets | 59 | 60 | 56 | 55 | 54 | 54 | 55 | 47 | 32 | 44 | 79 | 104 |
| Total Assets | 118 | 114 | 104 | 97 | 91 | 87 | 83 | 71 | 65 | 69 | 99 | 121 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 0 | 2 | -1 | -1 | -1 | -1 | -2 | 13 | -8 | -13 | -34 |
| Cash from Investing Activity | -0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | -13 | -2 | 11 | 1 |
| Cash from Financing Activity | -0 | -0 | -7 | -0 | 1 | 1 | 2 | 0 | 0 | 10 | 3 | 33 |
| Net Cash Flow | -0 | 2 | -4 | -1 | 0 | 0 | 1 | -1 | 0 | -0 | 0 | 1 |
| Free Cash Flow | 0 | 2 | 2 | -1 | -1 | -1 | -1 | -2 | 13 | -7 | -12 | -34 |
| CFO/OP | -2% | -2% | -113% | 35% | 83% | 95% | 88% | 109% | -639% | 116% | 156% | 153% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72,726 | 1,550 | 352 | 183 | ||||||||
| Inventory Days | 0 | 0 | 1,075 | 316 | ||||||||
| Days Payable | 1,923 | 546 | ||||||||||
| Cash Conversion Cycle | 72,726 | 1,550 | -496 | -47 | ||||||||
| Working Capital Days | -252,671 | -4,564 | -489 | -56 | ||||||||
| ROCE % | -19% | -11% | -12% | -14% | -12% | -14% | -15% | -22% | -25% | -199% | -43% | -116% |
| 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 | 60.59% | 60.59% | 60.59% | 60.59% | 60.59% | 60.59% | 60.59% | 60.59% | 60.59% | 60.43% | 60.43% | 60.43% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.38% | 0.38% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 1.27% | 1.27% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.91% | 1.91% | 1.91% |
| Government | 0.31% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 37.83% | 37.82% | 37.83% | 37.83% | 37.79% | 37.45% | 37.45% | 37.44% | 37.81% | 37.65% | 37.66% | 37.67% |
| No. of Shareholders | 14,780 | 14,438 | 14,218 | 14,097 | 13,982 | 14,168 | 14,150 | 14,083 | 14,054 | 13,899 | 13,789 | 13,749 |
Fundamentals
Market Cap₹ 84.6 Cr.
Current Price₹ 32.0
Book Value₹ -31.8
ROCE-116 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)164%
Compounded Profit Growth (TTM)-889%
Standalone figures.
Valuation
Market capRs 85 Cr
Enterprise valueRs 193 Cr
Price to book-1.01x
Price to sales1.70x
EV / sales3.86x
Earnings yield-28.91%
P/E, 3-year average52.81x
P/B, 3-year average-1.55x
P/E, 5-year average26.48x
P/B, 5-year average-1.15x
Profitability
Operating margin (excl. other income)-61.12%
Operating margin (incl. other income)-54.35%
EBITDA margin-40.47%
Pre-tax margin-49.03%
Net profit margin-49.03%
Net margin, latest quarter-14.02%
ROE33.10%
ROCE-116.44%
ROA-21.76%
ROE, 3-year average15.50%
ROCE, 3-year average-117.35%
ROA, 3-year average-11.24%
ROE, 5-year average4.15%
ROCE, 5-year average-70.63%
ROA, 5-year average-2.99%
ROIC (approx.)-93.49%
Tax rate5.88%
Other income / net worth-3.09%
Growth
Sales growth (latest year)191.03%
Profit growth (latest year)-1159.56%
Sales CAGR, 3 years885.37%
Sales growth QoQ62.79%
Sales growth YoY (latest quarter)172.77%
Per share
EPS (TTM)Rs -9.25
EPS (latest year)Rs -9.02
EPS (latest quarter)Rs -0.97
EPS, 3-year averageRs -3.96
EPS, 5-year averageRs -1.12
Book value per shareRs -31.75
Sales per shareRs 18.86
Cash flow per shareRs -12.97
Free cash flow per shareRs -12.86
Efficiency
Asset turnover0.32x
Fixed asset turnover4.59x
Inventory turnover1.88x
Inventory days194 days
Debtor days183 days
Debtors turnover1.99x
Creditor days546 days
Cash conversion cycle-47 days
Working capital days-56 days
Leverage
Total debtRs 109 Cr
Cash and bankRs 1 Cr
Net debtRs 108 Cr
Debt to equity-1.30x
Interest coverage-39.75x
Owners' fund to total sources-69.62%
Debt to assets90.55%
Cash flow
Cash from Operating Activity (latest year)Rs -34 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 33 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -34 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Statement figures
Net sales (TTM)Rs 50 Cr
Net sales (latest year)Rs 38 Cr
Sales (latest quarter)Rs 18 Cr
Operating profit excl. other income (latest year)Rs -23 Cr
Operating profit (latest quarter)Rs -15 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs -20 Cr
PBDT (TTM)Rs -21 Cr
Profit before tax (TTM)Rs -24 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -24 Cr
Net profit (latest year)Rs -24 Cr
Net profit (latest quarter)Rs -3 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 52 Cr
Total expenditure (latest year)Rs 62 Cr
Total income (latest year)Rs 41 Cr
Share capitalRs 26 Cr
ReservesRs -110 Cr
Shareholders' fundsRs -84 Cr
Total assetsRs 121 Cr
Net blockRs 8 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 0 Cr
ReceivablesRs 19 Cr
InventoryRs 28 Cr
Other liabilitiesRs 95 Cr
Shares outstanding (crore)2.64
Ownership
Promoter holding60.43% (-0.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | REGENCERAM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.1% | -2.8% | -5.3 pts |
| 1 month | -7.3% | -6.8% | -0.5 pts |
| 3 months | -21.0% | -7.6% | -13.4 pts |
| 6 months | -15.2% | +0.4% | -15.6 pts |
| 1 year | -20.9% | -9.9% | -11.0 pts |
| 2 years | -60.6% | -13.6% | -47.0 pts |
| 3 years | +5.4% | +14.2% | -8.8 pts |
| 5 years | +1499.0% | +27.9% | +1471.1 pts |
Red flags
F-score 3 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Debt up, profit down Borrowings up 41% while net profit fell in 2026 |
| look | On NSE surveillance On NSE surveillance: GSM |
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 ₹18 Cr +172.8% vs Jun 2025.
Net loss ₹3 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Kajaria Ceramics Ltd | 18,708 | 32.4 | 23.4 % |
| Somany Ceramics Ltd | 2,514 | 22.9 | 12.8 % |
| Nitco Ltd | 2,083 | 7.16 % | |
| Asian Granito India Ltd | 1,487 | 114 | 2.85 % |
| Orient Bell Ltd | 594 | 28.0 | 5.58 % |
| Exxaro Tiles Ltd | 272 | 66.4 | 4.31 % |
| Murudeshwar Ceramics Ltd | 170 | 16.7 | 5.21 % |
| Manoj Ceramic Ltd | 101 | 8.50 | 13.0 % |
| Restile Ceramics Ltd | 72 | -1.04 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting | |
| 2024-01-02 | Extra Ordinary General Meeting | |
| 2023-09-21 | Annual General Meeting | |
| 2022-09-21 | Annual General Meeting | |
| 2022-04-28 | Extra Ordinary General Meeting | |
| 2020-12-22 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting | |
| 2018-09-21 | Annual General Meeting | |
| 2017-09-21 | Annual General Meeting | |
| 2016-09-19 | Annual General Meeeting | |
| 2015-09-21 | Annual General Meeting | |
| 2014-09-19 | Annual General Meeting | |
| 2013-09-19 | Annual General Meeting | |
| 2012-12-18 | Annual General Meeting | |
| 2011-09-20 | Annual General Meeting | |
| 2010-09-14 | Annual General Meeting | |
| 2009-09-11 | Annual General Meeting | |
| 2008-09-15 | Annual General Meeting | |
| 2007-09-18 | Agm | |
| 2006-08-30 | Agm |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Shareholder meeting | Proceedings of Annual General Meeting held on September 30, 2026 |
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.
EPS in the scrip is zero (4 trailing quarters)GSMLess than 100 unique PAN traded in previous 30 days