Pokarna Limited (POKARNA)

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Pokarna Limited (POKARNA) · mywealthgrid

About

Pokarna Limited operates in granites and marbles within consumer discretionary, linked to construction and real estate cycles. The consolidated business generates ₹120–190 Cr quarterly revenue with consistent profitability. The company maintains moderate debt (D/E 0.5) and pays regular dividends. Market cap approximately ₹2,952 Cr.

Face value: ₹2

Market cap

₹2,167 Cr

P/E

22.8×

P/B

2.5×

Dividend yield

0.2%

ROE

9.9%

ROCE

11.5%

Debt / equity

0.5

OPM

29.3%

EPS (TTM)

₹30.6

Book value

₹276.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stark standalone instability: losses in three consecutive quarters (Sep–Dec 2025, Mar 2026) with OPM of −69% to −58%, while consolidated remained at 20–36%. Verify whether standalone reflects a structural issue or cyclical trough. - High valuation relative to returns: PE 31.11 vs. ROE 9.86%; 1-year return is only 5.11%. Verify earnings trajectory can support the premium. - Cyclical exposure: construction and real estate downturn would reduce customer capex for granites and marbles.

Generated analysis · source review pending

Growth drivers

Consolidated OPM of 29.32% (recent range 20–36%) shows the core business generates strong profitability; volume growth would leverage this base. - Quarterly consolidated revenue of ₹120–190 Cr demonstrates established scale and market presence. - Regular dividend payments (four times through Jun 2026) signal management confidence in cash generation and earnings stability.

Generated analysis · source review pending

2,525 historical price candles were omitted because the exchange source has not been verified.

₹699.1-2.6%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 29.3%
+Profit CAGR of 23.3% over the last 5 years

Cons

−Low dividend payout of 3.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 45
Growth: 44
Valuation: 66

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Midwest LimitedMIDWESTLTDMIDWESTLTD	₹3,273 Cr	₹3,445 Cr	₹695 Cr	₹184 Cr	27%	₹111 Cr	16.5%	16.2%	13.3%	-962
Pokarna LimitedPOKARNAPOKARNA	₹2,167 Cr	₹2,594 Cr	₹590 Cr	₹178 Cr	29.3%	₹95 Cr	14.1%	11.5%	9.9%	299
Global Surfaces LimitedGSLSUGSLSU	₹127 Cr	₹290 Cr	₹224 Cr	₹-11 Cr	-4.9%	₹-31 Cr	-13.7%	-2.1%	-11.1%	295
Pacific Industries LtdPACIFICIPACIFICI	₹94 Cr	₹167 Cr	₹187 Cr	₹7 Cr	3.8%	₹7 Cr	3.5%	2.9%	1.7%	190
Elegant Marbles & Grani Industries LtdELEMARBELEMARB	₹52 Cr	₹52 Cr	₹9 Cr	₹-3 Cr	13.5%	₹-1 Cr	9.8%	3.7%	2.5%	780
Royal Cushion Vinyl Products LtdROYALCUROYALCU	₹47 Cr	₹131 Cr	₹64 Cr	₹-4 Cr	-15.5%	₹2 Cr	-14.2%	-3.5%	—	-131
Oriental Trimex LimitedORIENTALTLORIENTALTL	₹35 Cr	₹38 Cr	₹27 Cr	₹4 Cr	7.5%	₹2 Cr	8.5%	3.9%	1.8%	887
Aro Granite Industries LimitedAROGRANITEAROGRANITE	₹34 Cr	₹194 Cr	₹123 Cr	₹6 Cr	5.1%	₹-6 Cr	-5.2%	2.5%	-3.4%	—
Madhav Marbles And Granites LimitedMADHAVMADHAV	₹31 Cr	₹39 Cr	₹31 Cr	₹-2 Cr	-7.1%	₹-0 Cr	1.3%	1.8%	0.3%	855

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	399	329	329	462	394	295	650	728	688	930	572
COGS	—	76	76	146	120	88	235	305	247	309	163
Gross profit	—	253	253	317	274	208	415	423	440	621	409
	—	156	156	174	143	126	241	253	231	295	241
	—	97	97	143	131	82	174	170	210	326	168
OPM %	—	29.6%	29.6%	31%	33.2%	27.7%	26.8%	23.3%	30.5%	35%	29.3%
Depreciation	18	20	20	26	23	21	39	42	43	44	49
Interest	37	28	28	25	22	21	36	48	39	37	30
	6	1	1	9	5	6	3	11	8	21	22
Profit before tax	66	51	51	101	91	45	102	91	136	266	111
Tax	15	9	9	21	20	17	24	25	48	78	30
Tax %	22.4%	17.1%	17.1%	20.3%	22.1%	37.4%	23.2%	27.6%	35.6%	29.5%	27.4%
	51	42	42	81	71	28	78	66	87	188	81
PAT margin %	12.9%	12.8%	12.8%	17.5%	18%	9.6%	12%	9%	12.7%	20.2%	14.1%
EPS (₹)	—	13.6	13.6	26	22.8	9.1	25.3	21.2	28.2	60.5	26
EPS adjusted (₹)	16.5	13.6	13.6	26	22.8	9.1	25.3	21.2	28.2	60.5	26
	—	22.1%	4.4%	2.3%	2.6%	6.6%	2.4%	2.8%	2.1%	1%	2.3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	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	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6	6	6	6	6	6
Reserves	91	82	185	264	333	359	437	501	586	772	851
	245	245	221	208	274	307	510	459	389	327	426
	128	128	98	125	307	331	219	138	235	298	333
Total equity & liabilities	469	460	511	603	920	1,003	1,172	1,104	1,216	1,403	1,616
	239	231	270	259	269	699	758	733	710	793	787
CWIP	20	20	3	55	431	65	1	1	65	41	386
Investments	—	—	—	—	—	0	0	0	0	0	0
	210	209	238	289	220	239	412	371	441	569	443
Total assets	469	460	511	603	920	1,003	1,172	1,104	1,216	1,403	1,616

Segment results

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.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Quartz Surfaces	548.92	155.31	1,514.39	695.97	818.42	18.98
Granite	22.69	-14.53

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	68.5%	69.5%	70.3%	63.8%	58.1%	64.1%	66.8%	71.6%
EBITDA margin %	31%	33.2%	27.7%	26.8%	23.3%	30.5%	35%	29.3%
EBIT margin %	25.4%	27.3%	20.5%	20.8%	17.6%	24.3%	30.3%	20.8%
PAT margin %	17.5%	18%	9.6%	12%	9%	12.7%	20.2%	14.1%
Working capital
Receivable days	54	31	54	80	55	64	73	92
Inventory days	251	272	463	285	218	242	185	319
Payable days	0	0	192	167	71	110	105	112
NWC days	304	303	324	198	202	195	153	299
Leverage
Current ratio	1.28	1.13	1.01	1.27	1.64	1.96	1.93	1.32
Debt to EBITDA	1.45	2.1	3.75	2.93	2.7	1.85	1	2.54
Debt to equity	0.77	0.81	0.84	1.15	0.9	0.66	0.42	0.5
Interest coverage	5	5.1	3.1	3.8	2.9	4.6	8.2	4.7
Asset turnover	0.77	0.43	0.29	0.55	0.66	0.57	0.66	0.35
Return ratios
Return on assets %	13.4%	7.7%	2.8%	6.7%	6%	7.2%	13.4%	5%
Return on capital employed %	31.8%	18.9%	8.5%	16.7%	16%	18.9%	28.4%	11.5%
Return on equity %	29.8%	20.9%	7.7%	17.7%	13%	14.7%	24.1%	9.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	55.05%	56.66%	56.66%	56.66%	56.66%	56.66%
	3.95%	4.05%	4.27%	5.32%	5.34%	6.01%	6.6%	6.13%	6.09%	6.82%	6.9%	6.91%
	10.38%	10.26%	11.16%	13.14%	14.09%	14.5%	15.23%	14.98%	14.75%	14.14%	15.97%	15.64%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.01%	29.03%	27.91%	24.88%	23.91%	22.83%	23.12%	22.23%	22.5%	22.38%	20.47%	20.79%
No. of shareholders	—	—	—	—	—	—	—	—	26,069	26,310	24,986	23,588

Promoter holding up 0 percentage points since Sep 2023.

23 deals · 6 Jan 2023 – 10 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Sept 2026	PERSISTENCE CAPITAL FUND I	Bulk	NSE	Sell	2,32,523	₹827.56	₹19.24 Cr
10 Sept 2026	HARSHITA SINGHAL	Bulk	NSE	Buy	2,00,000	₹836.78	₹16.74 Cr
5 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,46,448	₹1,060.67	₹26.14 Cr
5 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,46,448	₹1,060.06	₹26.12 Cr
5 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	1,63,574	₹1,056.06	₹17.27 Cr
5 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	1,62,506	₹1,056.63	₹17.17 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,59,590	₹967.17	₹25.11 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,59,590	₹966.41	₹25.09 Cr
23 Dec 2025	S GUPTA FAMILY INVESTMENTS PVT LTD	Bulk	NSE	Sell	1,77,000	₹857.60	₹15.18 Cr
24 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,32,030	₹943.18	₹21.88 Cr

1–10 of 23

1 / 3

Mr. Gautam Chand JainExecutive Director-Chairperson-MD
M Viswanatha ReddyChief Financial Officer
Mr. Rahul JainExecutive Director-MD
Mr. Prakash Chand JainNon-Executive - Non Independent Director
Mrs. Apurva JainExecutive Director
Mr. Prasanth NandigalaNon-Executive - Independent Director
Mr. Agnihotra Dakshina Murty ChavaliNon-Executive - Independent Director
Mrs. Paulomi Romi DhawanNon-Executive - Independent Director
Mr. Gautam Damodar SawangNon-Executive - Independent Director
Ms. Pratima Khandu GulankarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

11.12%

of the company's equity

All mutual funds

11.21%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 3 fund houses

		Shares
Portfolio of Kotak Multi Cap FundNEW	Kotak Mahindra Mutual Fund	23.92 L	204.49	0.67%	7.717%	—
SMALL CAP FUND	Nippon India Mutual Fund	6.61 L	56.48	0.07%	2.131%	-29,256
Portfolio of Kotak Consumption Fund	Kotak Mahindra Mutual Fund	3.26 L	27.85	1.61%	1.051%	-0
Portfolio of Kotak Conservative Hybrid FundNEW	Kotak Mahindra Mutual Fund	67,372	5.76	0.2%	0.217%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	40	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2025Transcript AI Summary PPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

10 Sept 2026, 3:25 pmCompany Update

Intimation Of Preliminary Results Of Antidumping Duty Administrative Review 2024-25 For Pokarna Engineered Stone Limited (PESL) As Required Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements Regulations, 2015 ('SEBI LODR')

General PDF

22 Aug 2026, 1:00 pmCompany Update

Show Cause Notice Received From Officer Of The Commissioner Of Central Tax, Government Of India.

General PDF

8 Aug 2026, 11:28 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 4:18 pmCompany Update

Appointment of Company Secretary and Compliance Officer

Appointment of Company Secretary / Compliance Officer PDF

7 Aug 2026, 4:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

7 Aug 2026, 4:02 pmResult

Unaudited Financial Results For The Quarter Ended 30Th June, 2026.

Financial Results PDF

7 Aug 2026, 3:56 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting For The Quarter Ended 30Th June, 2026.

Outcome of Board Meeting PDF

29 Jul 2026, 3:36 pmBoard Meeting

Board Meeting Intimation for To Consider And Approve The Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2026.

Exchange filing PDF

Date	Category	Subject	Filing
10 Sept 2026, 3:25 pm	Company Update General	Intimation Of Preliminary Results Of Antidumping Duty Administrative Review 2024-25 For Pokarna Engineered Stone Limited (PESL) As Required Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements Regulations, 2015 ('SEBI LODR')	PDF
22 Aug 2026, 1:00 pm	Company Update

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	68.5%	69.5%	70.3%	63.8%	58.1%	64.1%	66.8%	71.6%
EBITDA margin %	31%	33.2%	27.7%	26.8%	23.3%	30.5%	35%	29.3%
EBIT margin %	25.4%	27.3%	20.5%	20.8%	17.6%	24.3%	30.3%	20.8%
PAT margin %	17.5%	18%	9.6%	12%	9%	12.7%	20.2%	14.1%
Working capital
Receivable days	54	31	54	80	55	64	73	92
Inventory days	251	272	463	285	218	242	185	319
Payable days	0	0	192	167	71	110	105	112
NWC days	304	303	324	198	202	195	153	299
Leverage
Current ratio	1.28	1.13	1.01	1.27	1.64	1.96	1.93	1.32
Debt to EBITDA	1.45	2.1	3.75	2.93	2.7	1.85	1	2.54
Debt to equity	0.77	0.81	0.84	1.15	0.9	0.66	0.42	0.5
Interest coverage	5	5.1	3.1	3.8	2.9	4.6	8.2	4.7
Asset turnover	0.77	0.43	0.29	0.55	0.66	0.57	0.66	0.35
Return ratios
Return on assets %	13.4%	7.7%	2.8%	6.7%	6%	7.2%	13.4%	5%
Return on capital employed %	31.8%	18.9%	8.5%	16.7%	16%	18.9%	28.4%	11.5%
Return on equity %	29.8%	20.9%	7.7%	17.7%	13%	14.7%	24.1%	9.4%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	106	113	77	108	379	98	69	137	188	191	183
	-31	-31	-30	-67	-390	-86	-214	-32	-38	-94	-321
	-75	-64	-52	-44	-1	-13	151	-115	-108	-101	62
Net cash flow	-0	14	-4	-2	-12	-0	6	-10	42	-4	-76
Free cash flow	74	82	46	41	-13	11	-149	104	146	93	-143
CFO / Operating profit %	—	116.5%	79.4%	75.7%	290.4%	120.2%	39.4%	80.5%	89.7%	58.7%	109.4%

Pokarna Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

16

1

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Apparel · revenue

Not in the F&O segment

Pokarna Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Dividends16

Board meetings1

Stock splits1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Apparel · revenue

Not in the F&O segment

16

1

1