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 | 8 | 7 | 10 | 9 | 6 | 5 | 4 | 5 | 5 | 4 | 5 | 5 |
| Expenses | 60 | 89 | 58 | 26 | 7 | 99 | 34 | 31 | 38 | 31 | 19 | 5 |
| Operating Profit | -53 | -81 | -48 | -17 | -1 | -94 | -29 | -26 | -32 | -27 | -14 | 1 |
| OPM % | -670% | -1,108% | -503% | -187% | -10% | -1,958% | -658% | -533% | -604% | -698% | -302% | 15% |
| Other Income | 6 | 16 | 6 | 7 | 214 | 5 | 11 | 11 | 4 | 4 | 1 | 46 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -47 | -65 | -43 | -10 | 214 | -89 | -19 | -15 | -28 | -23 | -13 | 47 |
| Tax % | 4% | 6% | 2% | 19% | 2% | -0% | 12% | 10% | -7% | 6% | 2% | 3% |
| Net Profit | -48 | -69 | -43 | -12 | 209 | -89 | -21 | -17 | -26 | -24 | -13 | 45 |
| EPS in Rs | -44.05 | -63.46 | -39.72 | -10.93 | 190.94 | -81.29 | -19.22 | -15.55 | -23.72 | -21.82 | -11.94 | 41.41 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 62 | 47 | 56 | 43 | 32 | 25 | 19 | 19 |
| Expenses | 0 | 53 | 39 | 46 | 116 | 257 | 26 | 118 | 92 |
| Operating Profit | -0 | 10 | 8 | 11 | -73 | -225 | -2 | -99 | -72 |
| OPM % | 15% | 17% | 19% | -169% | -692% | -7% | -530% | -374% | |
| Other Income | 0 | 39 | 31 | 587 | 34 | 38 | 98 | 21 | 56 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 48 | 39 | 597 | -40 | -187 | 96 | -79 | -17 |
| Tax % | 0% | 9% | 12% | 14% | 13% | 5% | 9% | 2% | |
| Net Profit | -0 | 44 | 34 | 514 | -44 | -196 | 87 | -80 | -18 |
| EPS in Rs | 40.10 | 31.29 | 469.87 | -40.62 | -179.37 | 79.50 | -73.03 | -16.07 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | -25% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -17% | -24% | -5% | ||
| Compounded Profit Growth | % | % | -13% | -121% | ||
| Stock Price CAGR | % | 8% | 5% | 101% | ||
| Return on Equity | % | 4% | -9% | -12% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | -0 | 1,201 | 1,096 | 1,062 | 1,037 | 853 | 863 | 800 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 13 | 13 | 17 | 10 | 16 | 18 | 14 |
| Total Liabilities | 0 | 1,224 | 1,120 | 1,090 | 1,058 | 880 | 892 | 825 |
| Fixed Assets | 0 | 10 | 9 | 5 | 4 | 4 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1,173 | 1,100 | 886 | 851 | 675 | 878 | 817 |
| Other Assets | 0 | 41 | 10 | 199 | 203 | 200 | 10 | 4 |
| Total Assets | 0 | 1,224 | 1,120 | 1,090 | 1,058 | 880 | 892 | 825 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,185 | 56 | -60 | -8 | 4 | 185 | 2 | |
| Cash from Investing Activity | -1,168 | -82 | 59 | 19 | -3 | -186 | -2 | |
| Cash from Financing Activity | 11 | 0 | 0 | -11 | 0 | 0 | 0 | |
| Net Cash Flow | 27 | -27 | -0 | -0 | 1 | -1 | 0 | |
| Free Cash Flow | 1,174 | 56 | -51 | -8 | 4 | 185 | 2 | |
| CFO/OP | 12,330% | 733% | 165% | -3% | -3% | -10,883% | -7% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15 | 12 | 17 | 13 | 24 | 18 | 7 | |
| Inventory Days | 65 | 64 | 137 | 150 | 107 | 121 | 55 | |
| Days Payable | 16 | 15 | 12 | 11 | 7 | 12 | 10 | |
| Cash Conversion Cycle | 64 | 61 | 142 | 152 | 123 | 127 | 52 | |
| Working Capital Days | 59 | 56 | 1,235 | 1,688 | 2,216 | 109 | 50 | |
| ROCE % | 8% | 3% | 54% | -7% | -20% | 10% | -12% |
| 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 | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% | 74.54% |
| Public | 25.46% | 25.45% | 25.45% | 25.46% | 25.46% | 25.45% | 25.46% | 25.45% | 25.45% | 25.46% | 25.46% | 25.46% |
| No. of Shareholders | 29,273 | 28,822 | 28,337 | 27,948 | 27,808 | 28,327 | 28,311 | 28,075 | 27,920 | 27,747 | 26,610 | 26,209 |
Fundamentals
Market Cap₹ 554 Cr.
Current Price₹ 514
Book Value₹ 741
ROCE-12.1 %
ROE-12.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-121%
Consolidated figures.
Valuation
Market capRs 536 Cr
Enterprise valueRs 535 Cr
Price to book0.62x
Price to sales27.81x
EV / sales27.73x
Price to cash flow137.18x
Earnings yield-3.28%
P/E, 3-year average1.17x
P/B, 3-year average0.46x
P/E, 5-year average2.52x
P/B, 5-year average0.31x
Profitability
Operating margin (excl. other income)-692.26%
Operating margin (incl. other income)-575.50%
EBITDA margin-85.43%
Pre-tax margin-86.06%
Net profit margin-91.19%
Net margin, latest quarter827.19%
ROE-20.54%
ROCE-19.56%
ROA-20.27%
ROE, 3-year average7.49%
ROCE, 3-year average10.49%
ROA, 3-year average7.38%
ROE, 5-year average6.53%
ROCE, 5-year average8.56%
ROA, 5-year average6.45%
ROIC (approx.)-2.02%
Tax rate-5.02%
Other income / net worth4.39%
Growth
Sales growth (latest year)-24.92%
Sales CAGR, 3 years-11.59%
Sales growth QoQ18.10%
Sales growth YoY (latest quarter)10.26%
Per share
EPS (TTM)Rs -16.07
EPS (latest year)Rs -179.37
EPS (latest quarter)Rs 41.41
EPS, 3-year averageRs 83.29
EPS, 5-year averageRs 64.25
Book value per shareRs 788.91
Sales per shareRs 17.62
Cash flow per shareRs 3.57
Free cash flow per shareRs 1.83
Dividend per share, 3-year averageRs 10.00
Dividend per share, 5-year averageRs 10.00
Efficiency
Asset turnover0.04x
Fixed asset turnover7.71x
Inventory turnover3.68x
Inventory days99 days
Debtor days24 days
Debtors turnover15.38x
Creditor days10 days
Cash conversion cycle52 days
Working capital days50 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Current ratio (filing 2026-03-31)260.83x
Quick ratio (filing 2026-03-31)259.03x
Trade payables (filing 2026-03-31)Rs 0 Cr
Owners' fund to total sources98.17%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 2 Cr
Cash from ops / profit, 5 years0.44x
Sales to cash flow8.30x
Statement figures
Net sales (TTM)Rs 19 Cr
Net sales (latest year)Rs 32 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -225 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 56 Cr
EBITDA (TTM)Rs -16 Cr
PBDT (TTM)Rs -16 Cr
Profit before tax (TTM)Rs -17 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs -18 Cr
Net profit (latest year)Rs -196 Cr
Net profit (latest quarter)Rs 45 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 25 Cr
Total expenditure (latest year)Rs 257 Cr
Total income (latest year)Rs 70 Cr
Share capitalRs 11 Cr
ReservesRs 853 Cr
Shareholders' fundsRs 864 Cr
Total assetsRs 880 Cr
Net blockRs 4 Cr
InvestmentsRs 675 Cr
ReceivablesRs 2 Cr
InventoryRs 7 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)1.09
Ownership
Promoter holding74.54% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.62 is at the 96th percentile (median 0.40).
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 | UNIVPHOTO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.9% | -2.8% | -8.1 pts |
| 1 month | +10.2% | -6.8% | +17.0 pts |
| 3 months | +36.9% | -7.6% | +44.5 pts |
| 6 months | +19.2% | +0.4% | +18.8 pts |
| 1 year | +90.8% | -9.9% | +100.7 pts |
| 2 years | +36.1% | -13.6% | +49.6 pts |
| 3 years | +10.3% | +14.2% | -3.9 pts |
| 5 years | +38.6% | +27.9% | +10.7 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -23% of net profit over the last 3 years |
| look | Repeated losses Net loss in each of the last two years |
| 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 ₹5 Cr +0.0% vs Jun 2025.
Net profit ₹45 Cr +364.7%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Dixon Technologies (India) Ltd | 81,051 | 43.2 | 29.2 % |
| Havells India Ltd | 65,474 | 39.3 | 24.9 % |
| PG Electroplast Ltd | 14,141 | 68.7 | 10.3 % |
| IKIO Technologies Ltd | 1,523 | 32.8 | 9.49 % |
| Onida Electronics Ltd | 1,179 | -17.0 % | |
| CWD Ltd | 662 | 58.5 | 18.2 % |
| Cellecor Gadgets Ltd | 657 | 16.6 | 22.7 % |
| Arham Technologies Ltd | 469 | 38.4 | 19.8 % |
| Focus Lighting & Fixtures Ltd | 385 | 62.8 | 6.55 % |
| Smaart Tech Services Ltd | 335 | -7,026 % | |
| Veto Switchgears & Cables Ltd | 279 | 10.2 | 11.6 % |
| Sonam Ltd | 274 | 30.4 | 14.1 % |
| BPL Ltd | 228 | 1.37 % | |
| Nitiraj Engineers Ltd | 221 | 92.2 | 1.17 % |
| Nanta Tech Ltd | 189 | 23.2 | 32.7 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-20 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2022-10-21 | Special Dividend - Rs 10 Per Share | |
| 2022-09-21 | Annual General Meeting | |
| 2021-09-22 | Annual General Meeting | |
| 2020-09-22 | Annual General Meeting |
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 days