Ester Industries Limited

Capital Goods · Industrial Products

NSE: ESTER BSE: 500136

₹101.22

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #120 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61
Ester Industries Limited (this stock)	1,056	115.0	-3.5%	-9.1%	0.25%	34	47	73

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹1,389 Cr

EV / EBITDA

14.8x

EV / Sales

1.26x

Market cap / Sales

0.96x

Earnings yield

0.87%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 348 Cr, up 22.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	339	19	15	₹1.4300
March 31, 2026	256	6	4	₹0.4500
Dec. 31, 2025	250	-5	-5	₹-0.5000
Sept. 30, 2025	260	-6	-5	₹-0.5000
June 30, 2025	279	13	10	₹1.0000
March 31, 2025	258	17	12	₹1.3100
Dec. 31, 2024	275	25	19	₹1.9800
Sept. 30, 2024	298	15	12	₹1.2400
June 30, 2024	240	-3	-2	₹-0.2200
March 31, 2024	216	-12	-9	₹-1.0900
Dec. 31, 2023	204	-21	-16	₹-1.9300
Sept. 30, 2023	238	-17	-13	₹-1.5300
June 30, 2023	198	-7	-5	₹-0.6300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	348	257	254	263	285	261	277	302	244	220	211	244	206
Operating revenue	339	256	250	260	279	258	275	298	240	216	204	238	198
Other income	8	1	4	3	6	3	3	4	4	4	7	6	8
Operating expenses	308	232	240	249	253	225	233	266	227	211	212	241	194
Operating profit	32	24	10	11	26	33	42	32	13	4	-8	-4	4
Operating profit margin	9.3%	9.5%	4.2%	4.1%	9.3%	12.7%	15.2%	10.7%	5.3%	2.0%	-4.1%	-1.5%	2.1%
Depreciation	11	11	11	11	11	11	11	11	11	11	11	10	10
Interest	9	9	9	10	8	9	8	10	9	9	9	10	9
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	19	6	-5	-6	13	17	25	15	-3	-12	-21	-17	-7
Tax	5	2	-0	-1	3	4	7	4	-1	-3	-5	-5	-1
Net profit	—	—	—	—	—	12	19	12	-2	-9	-16	-13	-5
EPS	1.43	0.45	-0.50	-0.50	1.00	1.31	1.98	1.24	-0.22	-1.09	-1.93	-1.53	-0.63
Net profit (TTM)	—	—	—	—	—	41	19	-16	-40	-43	-43	—	—
EPS (TTM)	0.88	0.45	1.31	3.79	5.53	4.31	1.91	-2.00	-4.77	-5.18	-5.15	-2.31	3.31

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,045	8	4
March 31, 2025	1,070	55	41
March 31, 2024	855	-57	-43
March 31, 2023	1,077	48	161

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	—	1.2%	1,060^†	1,085^†	882^†	—	1,414^†	1,000^†	1,048^†	1,034^†	830^†	729^†
Operating revenue	-1.0%	1.1%	1,045	1,070	855	1,077	1,406^†	992^†	1,039^†	1,028^†	824^†	725^†
Other income	—	—	14^†	14^†	26^†	—	9^†	8^†	9^†	6^†	6^†	4^†
Operating expenses	—	—	974^†	951^†	859^†	—	1,163^†	756^†	849^†	920^†	759^†	658^†
Operating profit	—	-21.2%	71^†	119^†	-3^†	—	243^†	236^†	189^†	108^†	66^†	67^†
Operating profit margin	—	—	6.8%^†	11.1%^†	-0.4%^†	—	17.3%^†	23.8%^†	18.2%^†	10.5%^†	8.0%^†	9.2%^†
Depreciation	—	—	43^†	43^†	43^†	—	39^†	35^†	35^†	32^†	31^†	30^†
Interest	—	—	35^†	36^†	37^†	—	25^†	19^†	24^†	34^†	33^†	33^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	—	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-46.0%	-47.5%	8	55	-57	48	188^†	190^†	139^†	47^†	7^†	-16^†
Tax	—	—	3^†	14^†	-14^†	—	49^†	48^†	39^†	16^†	2^†	-5^†
Net profit	-69.9%	-50.2%	4	41	-43	161	139^†	142^†	100^†	31^†	5^†	-11^†
EPS	—	-51.6%	0.45^†	4.31^†	-5.18^†	—	16.65^†	17.03^†	11.94^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	6.8%^†	11.1%^†	-0.4%^†	—	17.3%^†	23.8%^†	18.2%^†	10.5%^†	8.0%^†	9.2%^†
EBIT margin	4.1%^†	8.4%^†	-2.3%^†	—	15.2%^†	21.0%^†	15.7%^†	7.9%^†	4.9%^†	2.3%^†
PBT margin	0.7%	5.1%	-6.7%	4.5%	13.4%^†	19.2%^†	13.3%^†	4.6%^†	0.9%^†	-2.3%^†
Net margin	0.4%	3.8%	-5.1%	14.9%	9.9%^†	14.3%^†	9.6%^†	3.0%^†	0.6%^†	-1.5%^†
Interest coverage	1.22x^†	2.53x^†	-0.53x^†	—	8.58x^†	11.24x^†	6.67x^†	2.37x^†	1.23x^†	0.50x^†
Dividend payout	133.3%^†	0.0%^†	—	—	19.8%^†	23.5%^†	4.2%^†	—	—	—
Earnings retention	-33.3%^†	100.0%^†	—	—	80.2%^†	76.5%^†	95.8%^†	—	—	—
Current ratio	1.75x	1.85x	—	—	—	—	—	—	—	—
Quick ratio	1.16x	1.25x	—	—	—	—	—	—	—	—
Debt to equity	0.35x	0.33x	—	—	—	—	—	—	—	—
Return on equity	0.5%	4.5%	—	—	—	—	—	—	—	—
Return on assets	0.3%	3.1%	—	—	—	—	—	—	—	—
Return on capital employed	3.8%^†	8.2%^†	—	—	—	—	—	—	—	—
Asset turnover	0.74x	0.81x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	53	-105	31	19	34
March 31, 2025	80	-103	-54	16	64
March 31, 2024	66	-37	43	57	9
March 31, 2023	138	-156	24	127	11
March 31, 2022	79	-122	65	61	18

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,405	950	901	196	138	472	269	1	388	159
March 31, 2025	1,316	908	861	156	144	398	215	23	406	129
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.