Consolidated figures · ₹ crore
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 789 | 827 | 1,142 | |
| COGS | 274 | 289 | 479 |
| Gross profit | 515 | 538 | 663 |
| 412 | 414 | 472 | |
| 103 | 124 | 191 | |
| OPM % | 13% | 15% | 16.7% |
| Depreciation | 45 | 49 | 53 |
| Interest | 40 | 40 | 56 |
| 18 | 21 | 15 | |
| Profit before tax | 36 | 55 | 96 |
| Tax | 9 | 12 | 19 |
| Tax % | 26.2% | 21.2% | 19.8% |
| 26 | 44 | 77 | |
| PAT margin % | 3.3% | 5.3% | 6.8% |
| EPS (₹) | 4.9 | 6.7 | 11.2 |
| EPS adjusted (₹) | 4.9 | 6.3 | 11.2 |
| 0% | 0% | 9% | |
| Annual report | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 53 | 69 | 69 |
| Reserves | 398 | 732 | 821 |
| Minority interest | — | — | 0 |
| 438 | 409 | 687 | |
| 320 | 384 | 346 | |
| Total equity & liabilities | 1,209 | 1,594 | 1,924 |
| 394 | 402 | 638 | |
| CWIP | 66 | 148 | 80 |
| Investments | 0 | 20 | 0 |
| 750 | 1,024 | 1,206 | |
| Total assets | 1,209 | 1,594 | 1,924 |
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 103 | -60 | 20 | |
| -145 | -164 | -187 | |
| 43 | 227 | 201 | |
| Net cash flow | 1 | 3 | 33 |
| Free cash flow | -32 | -224 | -164 |
| CFO / Operating profit % | 100.4% | -48.6% | 10.2% |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Piping division | 1,009.4 | 152.83 | 1,772.57 | 959.91 | 812.66 | 18.81 |
| Heavy Fabrication | 80.49 | 18.8 |
| 42.97 |
| 14.76 |
| 28.21 |
| 66.64 |
| Power Divison | 58.84 | -9.26 | 92.75 | 31.73 | 61.02 | -15.18 |
| Unallocated | 4.13 | -13.48 | 15.44 | 26.89 | — | — |
₹ crore by fiscal year