Consolidated figures · ₹ crore
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 484 | 652 | 932 | 968 | 1,028 | 1,353 | |
| COGS | 237 | 318 | 433 | 440 | 449 | 634 |
| Gross profit | 248 | 334 | 499 | 528 | 578 | 719 |
| 156 | 224 | 362 | 415 | 445 | 580 | |
| 92 | 110 | 137 | 112 | 134 | 140 | |
| OPM % | 18.9% | 16.9% | 14.7% | 11.6% | 13% | 10.3% |
| Depreciation | 9 | 11 | 23 | 26 | 30 | 36 |
| Interest | 10 | 13 | 23 | 31 | 36 | 34 |
| 4 | -1 | 8 | 4 | 7 | 2 | |
| Profit before tax | 77 | 84 | 99 | 59 | 75 | 71 |
| Tax | 24 | 26 | 30 | 18 | 13 | 14 |
| Tax % | 30.9% | 30.9% | 29.7% | 30.3% | 17.7% | 20.3% |
| 53 | 58 | 70 | 41 | 62 | 57 | |
| PAT margin % | 11% | 8.9% | 7.5% | 4.2% | 6% | 4.2% |
| EPS (₹) | 41.1 | 42.7 | 10.4 | 6 | 9.1 | 7.2 |
| EPS adjusted (₹) | 8.2 | 8.5 | 10.2 | 4.4 | 6.8 | 7.1 |
| 9.7% | 11.7% | 10.6% | 18.4% | 12.2% | 15.3% | |
| Annual report | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 14 | 14 | 14 | 14 | 14 |
| Reserves | — | 122 | 240 | 313 | 403 | 446 | 520 |
| Minority interest | — | 0 | 0 | 0 | 80 | 95 | 84 |
| — | 93 | 207 | 247 | 390 | 350 | 313 | |
| — | 149 | 299 | 317 | 316 | 389 | 450 | |
| Total equity & liabilities | — | 377 | 760 | 891 | 1,202 | 1,293 | 1,382 |
| 94 | 119 | 244 | 317 | 540 | 589 | 625 | |
| CWIP | — | 3 | 31 | 3 | 19 | 5 | 4 |
| Investments | — | 1 | 1 | 1 | 1 | 4 | 2 |
| — | 254 | 484 | 570 | 641 | 695 | 751 | |
| Total assets | — | 377 | 760 | 891 | 1,202 | 1,293 | 1,382 |
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 % |
|---|---|---|---|---|---|---|
| Glass Lined Products | 676.36 | 28.61 | 748.39 | 288.22 | 460.17 | 6.22 |
| Filtration, Drying and Other Equipment | 474.34 | 57 |
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| 49 | 45 | 48 | 1 | 6 | 93 | 134 | 161 | |
| -15 | -20 | -29 | -173 | -41 | -45 | -68 | -86 | |
| -29 | -30 | -10 | 160 | 13 | -18 | -60 | -85 | |
| Net cash flow | 5 | -5 | 9 | -12 | -22 | 31 | 6 | -10 |
| Free cash flow | — | — | 16 | -68 | -43 | 39 | 68 | 106 |
| CFO / Operating profit % | — | — | 52.6% | 1% | 4.2% | 83.4% | 100.6% | 115.4% |
| 304.52 |
| 106.74 |
| 197.78 |
| 28.82 |
| Heat Transfer Equipment | 200.34 | 28.18 | 317.94 | 46.49 | 271.45 | 10.38 |
| Unallocable Revenue | 1.94 | 0 | 0 | 322.11 | — | — |
₹ crore by fiscal year