Consolidated figures · ₹ crore
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 438 | 459 | 515 | 594 | 797 | 872 | 1,001 | 1,279 | 1,856 | |
| COGS | 310 | 320 | 359 | 396 | 570 | 590 | 655 | 831 | 1,241 |
| Gross profit | 128 | 139 | 156 | 198 | 228 | 282 | 345 | 448 | 615 |
| 119 | 112 | 122 | 132 | 136 | 152 | 178 | 217 | 286 | |
| 8 | 27 | 33 | 66 | 92 | 130 | 167 | 231 | 330 | |
| OPM % | 1.9% | 5.9% | 6.5% | 11.1% | 11.5% | 14.9% | 16.7% | 18.1% | 17.8% |
| Depreciation | 27 | 26 | 22 | 22 | 22 | 21 | 21 | 20 | 23 |
| Interest | 7 | 3 | 5 | 4 | 2 | 1 | 0 | 3 | 2 |
| 16 | 9 | 27 | 17 | 24 | 21 | 16 | 24 | 21 | |
| Profit before tax | -10 | 7 | 33 | 56 | 92 | 130 | 162 | 232 | 326 |
| Tax | 5 | 4 | 3 | 11 | 21 | 33 | 44 | 57 | 87 |
| Tax % | 51.5% | 57.3% | 8.6% | 20% | 23.3% | 25.3% | 27% | 24.6% | 26.8% |
| -14 | 3 | 30 | 45 | 71 | 97 | 118 | 175 | 239 | |
| PAT margin % | -3.3% | 0.7% | 5.8% | 7.6% | 8.9% | 11.1% | 11.8% | 13.7% | 12.9% |
| EPS (₹) | -4.3 | 1 | 9.8 | 14.8 | 23 | 6.2 | 7.6 | 11.2 | 15.3 |
| EPS adjusted (₹) | -0.4 | — | 1 | 1.5 | 2.3 | 3.1 | 3.8 | 5.6 | 7.6 |
| — | 204.1% | 23.1% | 16.9% | 15.2% | 16.1% | 14.5% | 11.2% | 13.7% | |
| Annual report | Annual report for Mar 2018 | — | 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 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 33 | 33 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 487 | 454 | — | 440 | 496 | 573 | 674 | 829 | 1,041 |
| Minority interest | — | — | — | 0 | — | — | — | — | — |
| 28 | 45 | — | 52 | 71 | 0 | 0 | 12 | 18 | |
| 231 | 217 | — | 262 | 309 | 299 | 333 | 491 | 787 | |
| Total equity & liabilities | 779 | 749 | — | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
| 255 | 231 | 180 | 174 | 166 | 163 | 186 | 207 | 294 | |
| CWIP | 0 | 0 | — | 0 | 1 | 0 | 1 | 17 | 17 |
| Investments | 0 | 0 | — | 20 | 20 | 20 | 10 | 0 | 0 |
| 524 | 518 | — | 591 | 720 | 720 | 842 | 1,140 | 1,566 | |
| Total assets | 779 | 749 | — | 785 | 907 | 903 | 1,038 | 1,364 | 1,877 |
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 2025 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Manufacturing | 1,656.31 | 224.91 | 1,215.2 | 488.5 | 726.7 | 30.95 |
| Engineering, procurement and Construction (EPC) | 0 | -0.13 |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| 42 | -3 | 11 | 89 | 84 | 40 | 129 | |
| 6 | -8 | -5 | -10 | -33 | -34 | -102 | |
| -17 | -20 | 11 | -89 | -16 | -7 | -21 | |
| Net cash flow | 31 | -31 | 17 | -11 | 36 | -1 | 7 |
| Free cash flow | — | -15 | -0 | 73 | 61 | -13 | 23 |
| CFO / Operating profit % | 126.5% | -4.3% | 11.9% | 68% | 50.2% | 17.1% | 39.2% |
| 0.01 |
| 0.01 |
| — |
| — |
| Less: Depreciation | 0 | -19.7 | 0 | 0 | — | — |
| Less: Profit/(Loss) of Subsidiries | 0 | 23.4 | 0 | 0 | — | — |
| Less: Sales to Japan Branch | -15.12 | 0 | 0 | 0 | — | — |
| Less: Sales to Subsidiries | -362.43 | 0 | 0 | 0 | — | — |
₹ crore by fiscal year