Price
Financials
Consolidated, 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 | 61.25 | 56.57 | 63.21 | 64.60 | 78.12 | 73.41 | 69.00 | 67.79 | 62.15 | 59.87 | 57.24 | 75.87 |
| Expenses | 56.84 | 52.96 | 57.48 | 59.16 | 74.26 | 68.14 | 62.92 | 62.09 | 57.94 | 55.47 | 50.61 | 69.53 |
| Operating Profit | 4.41 | 3.61 | 5.73 | 5.44 | 3.86 | 5.27 | 6.08 | 5.70 | 4.21 | 4.40 | 6.63 | 6.34 |
| OPM % | 7.20% | 6.38% | 9.07% | 8.42% | 4.94% | 7.18% | 8.81% | 8.41% | 6.77% | 7.35% | 11.58% | 8.36% |
| Other Income | 0.34 | 0.32 | 1.23 | 0.49 | 0.93 | 0.63 | 0.08 | 0.54 | 0.47 | 0.48 | 0.61 | 0.44 |
| Interest | 0.91 | 1.01 | 1.80 | 1.18 | 1.16 | 1.75 | 1.22 | 1.23 | 1.28 | 1.34 | 1.88 | 1.48 |
| Depreciation | 1.75 | 1.59 | 1.74 | 1.75 | 1.99 | 1.78 | 1.92 | 1.92 | 2.40 | 2.14 | 0.95 | 1.95 |
| Profit before tax | 2.09 | 1.33 | 3.42 | 3.00 | 1.64 | 2.37 | 3.02 | 3.09 | 1.00 | 1.40 | 4.41 | 3.35 |
| Tax % | 22.97% | 30.08% | 40.06% | 28.00% | 42.68% | 27.85% | 39.40% | 29.77% | 32.00% | 17.14% | 39.00% | 28.06% |
| Net Profit | 1.60 | 0.93 | 2.05 | 2.16 | 0.92 | 1.71 | 1.84 | 2.16 | 0.68 | 1.16 | 2.70 | 2.40 |
| EPS in Rs | 0.15 | 0.09 | 0.20 | 0.20 | 0.09 | 0.16 | 0.17 | 0.20 | 0.06 | 0.11 | 0.25 | 0.22 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 201 | 246 | 198 | 186 | 191 | 221 | 227 | 229 | 285 | 247 | 255 |
| Expenses | 218 | 187 | 230 | 180 | 172 | 175 | 206 | 210 | 211 | 264 | 226 | 234 |
| Operating Profit | 22 | 15 | 16 | 17 | 14 | 16 | 15 | 17 | 18 | 21 | 21 | 22 |
| OPM % | 9% | 7% | 6% | 9% | 8% | 9% | 7% | 7% | 8% | 7% | 8% | 8% |
| Other Income | 2 | 4 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 2 | 2 | 2 |
| Interest | 10 | 7 | 6 | 6 | 7 | 5 | 4 | 4 | 5 | 5 | 6 | 6 |
| Depreciation | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | 7 | 6 | 5 | 6 | 3 | 6 | 7 | 8 | 9 | 10 | 10 | 10 |
| Tax % | 53% | 37% | 40% | 34% | -31% | 22% | 36% | 19% | 31% | 34% | 32% | |
| Net Profit | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 6 | 6 | 7 | 7 | 7 |
| EPS in Rs | 0.29 | 0.32 | 0.30 | 0.37 | 0.32 | 0.44 | 0.42 | 0.58 | 0.54 | 0.62 | 0.62 | 0.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 11% | 12% | 9% | 9% | 8% | 8% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 0% | 5% | 3% | -12% | ||
| Compounded Profit Growth | 8% | 7% | 4% | 5% | ||
| Stock Price CAGR | 9% | 13% | 1% | 11% | ||
| Return on Equity | 6% | 6% | 6% | 6% |
| 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 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 62 | 66 | 56 | 60 | 64 | 66 | 71 | 75 | 81 | 86 | 93 | 99 |
| Borrowings | 99 | 108 | 75 | 79 | 71 | 72 | 83 | 77 | 69 | 79 | 73 | 92 |
| Other Liabilities | 65 | 66 | 66 | 69 | 63 | 65 | 75 | 69 | 64 | 71 | 86 | 92 |
| Total Liabilities | 237 | 250 | 208 | 219 | 209 | 214 | 240 | 232 | 225 | 247 | 263 | 294 |
| Fixed Assets | 69 | 72 | 57 | 54 | 59 | 65 | 73 | 74 | 73 | 78 | 92 | 118 |
| CWIP | 2 | 1 | 2 | 3 | 5 | 2 | 2 | 8 | 11 | 13 | 21 | 14 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 165 | 176 | 149 | 161 | 145 | 147 | 165 | 149 | 140 | 155 | 150 | 161 |
| Total Assets | 237 | 250 | 208 | 219 | 209 | 214 | 240 | 232 | 225 | 247 | 263 | 294 |
| 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 | 8 | 5 | 42 | 2 | 28 | 16 | 6 | 20 | 21 | 7 | 46 | 4 |
| Cash from Investing Activity | -9 | -9 | -4 | -2 | -11 | -10 | -14 | -11 | -6 | -14 | -27 | -25 |
| Cash from Financing Activity | -0 | 7 | -39 | -2 | -15 | -6 | 7 | -9 | -13 | 6 | -15 | 17 |
| Net Cash Flow | -1 | 4 | -1 | -3 | 2 | 1 | -1 | 0 | 1 | -1 | 4 | -5 |
| Free Cash Flow | -1 | -4 | 38 | -1 | 17 | 7 | -8 | 9 | 13 | -4 | 18 | -21 |
| CFO/OP | 46% | 40% | 300% | 26% | 171% | 126% | 40% | 146% | 130% | 49% | 229% | 33% |
| 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 | 55 | 74 | 74 | 89 | 70 | 71 | 103 | 82 | 76 | 94 | 64 | 73 |
| Inventory Days | 144 | 216 | 320 | 192 | 314 | 427 | 349 | 242 | 148 | 139 | 110 | 167 |
| Days Payable | 64 | 85 | 140 | 106 | 142 | 184 | 204 | 132 | 85 | 89 | 91 | 101 |
| Cash Conversion Cycle | 134 | 205 | 255 | 175 | 243 | 314 | 247 | 192 | 139 | 144 | 82 | 138 |
| Working Capital Days | 10 | 6 | 15 | 28 | 30 | 24 | 12 | 7 | 13 | 13 | -11 | -19 |
| ROCE % | 12% | 9% | 8% | 7% | 8% | 6% | 7% | 7% | 7% | 8% | 9% | 8% |
| 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 | 58.44% | 58.44% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% | 58.42% |
| Public | 41.55% | 41.55% | 41.58% | 41.58% | 41.57% | 41.58% | 41.58% | 41.58% | 41.58% | 41.57% | 41.59% | 41.58% |
| No. of Shareholders | 13,463 | 14,241 | 15,579 | 15,514 | 16,553 | 19,127 | 19,317 | 18,959 | 18,826 | 18,589 | 18,266 | 18,670 |
Fundamentals
Market Cap₹ 95.8 Cr.
Current Price₹ 8.87
Stock P/E13.7
Book Value₹ 10.2
ROCE8.23 %
ROE6.31 %
Dividend Yield0.54 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 87 Cr
Enterprise valueRs 169 Cr
P/E (TTM)12.47x
Price to book0.79x
Price to sales0.34x
EV / EBITDA7.18x
EV / EBIT10.48x
EV / sales0.66x
Price to cash flow22.37x
Earnings yield8.02%
Dividend yield0.62%
P/E, 3-year average15.62x
P/B, 3-year average0.97x
P/E, 5-year average13.65x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)8.47%
Operating margin (incl. other income)9.33%
EBITDA margin9.24%
Pre-tax margin3.98%
Net profit margin2.74%
Net margin, latest quarter3.20%
ROE6.31%
ROCE8.26%
ROA2.42%
ROE, 3-year average6.38%
ROCE, 3-year average8.27%
ROA, 3-year average2.51%
ROE, 5-year average6.34%
ROCE, 5-year average7.84%
ROA, 5-year average2.44%
ROIC (approx.)5.68%
Tax rate32.32%
Other income / net worth1.92%
Growth
Sales growth (latest year)-13.36%
Profit growth (latest year)0.90%
Sales CAGR, 3 years2.90%
Sales CAGR, 5 years5.26%
Profit CAGR, 3 years2.17%
Profit CAGR, 5 years7.17%
Sales growth QoQ32.55%
Profit growth QoQ-10.66%
Sales growth YoY (latest quarter)11.92%
Profit growth YoY (latest quarter)11.47%
Per share
EPS (TTM)Rs 0.65
EPS (latest quarter)Rs 0.23
EPS, 3-year averageRs 0.58
EPS, 5-year averageRs 0.54
Book value per shareRs 10.18
Sales per shareRs 23.63
Cash flow per shareRs 0.36
Free cash flow per shareRs -1.94
Dividend per share, 3-year averageRs 0.05
Dividend per share, 5-year averageRs 0.05
Dividends
Dividend payout8.02%
Dividend payout, 3-year average8.45%
Dividend payout, 5-year average9.14%
Efficiency
Asset turnover0.84x
Fixed asset turnover2.10x
Inventory turnover2.19x
Inventory days167 days
Debtor days73 days
Debtors turnover5.02x
Creditor days101 days
Cash conversion cycle138 days
Working capital days-19 days
Leverage
Total debtRs 92 Cr
Cash and bankRs 10 Cr
Net debtRs 82 Cr
Debt to equity0.84x
Net debt / EBITDA3.49x
Interest coverage2.70x
Owners' fund to total sources37.40%
Debt to assets31.26%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -25 Cr
Cash from Financing Activity (latest year)Rs 17 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years3.16x
Sales to cash flow63.51x
Statement figures
Net sales (TTM)Rs 255 Cr
Net sales (latest year)Rs 247 Cr
Sales (latest quarter)Rs 76 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 24 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 10 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 154 Cr
Total expenditure (latest year)Rs 226 Cr
Total income (latest year)Rs 249 Cr
Share capitalRs 11 Cr
ReservesRs 99 Cr
Shareholders' fundsRs 110 Cr
Total assetsRs 294 Cr
Net blockRs 118 Cr
Capital work in progressRs 14 Cr
InvestmentsRs 0 Cr
ReceivablesRs 49 Cr
InventoryRs 70 Cr
Other liabilitiesRs 92 Cr
Shares outstanding (crore)10.80
Ownership
Promoter holding58.42% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.5 is at the 48th percentile of its own 9.4-year range
(median 12.6, low 3.4, high 23.7).
P/B 0.79 is at the 55th percentile (median 0.74).
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 | SUPTANERY | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -20.4% | -2.8% | -17.6 pts |
| 1 month | -47.8% | -6.8% | -41.0 pts |
| 3 years | -10.3% | +14.2% | -24.5 pts |
| 5 years | +70.8% | +27.9% | +42.9 pts |
Red flags
F-score 4 of 8| look | Inventory outrunning sales Inventory grew 27% vs sales -13% 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
Jun 2026Sales ₹76 Cr +11.9% vs Jun 2025.
Net profit ₹2 Cr +11.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Mayur Uniquoters Ltd | 3,160 | 15.3 | 24.5 % |
| Kothari Industrial Corporation Ltd | 1,631 | -28.9 % | |
| Bhartiya International Ltd | 1,344 | 52.5 | 9.53 % |
| Mirza International Ltd | 389 | -1.87 % | |
| Superhouse Ltd | 176 | 22.6 | 3.84 % |
| Zenith Exports Ltd | 105 | 361 | 4.97 % |
| Anka India Ltd | 96 | 0.42 % | |
| AKI India Ltd | 64 | 21.0 | 4.49 % |
| Aritas Vinyl Ltd | 26 | 5.53 | 11.6 % |
| Amin Tannery Ltd | 21 | 89.1 | 5.28 % |
| Welterman International Ltd | 10 | % | |
| NB Footwear Ltd | 5 | % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-15 | Dividend - Re 0.05 Per Share |
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 1