	BSE	NSE
Last Price()	114.05 Oct 16,2026 11:42:00	113.60 Oct 16,2026 11:39:57
Today's Change( )	-0.55 (-0.48%)	-0.85 (-0.74%)
Open( )	114.45	117.15
Prev Close( )	114.60	114.45
Volume	759.00	20,630.00
Today's Range( )	116.65 - 114.05	117.79 - 112.22
52-Week Range( )	169.10 - 95.03	169.00 - 95.00
Buy (Size)	114.05(×2)	113.16(×4)
Sell (Size)	115.15(×200)	114.64(×3)

Company Background

Incorporation Year	1995
Registered Office	Indian Rayon Compound,, Veraval, Gujarat-362266
Telephone	91-2876 245711
Fax	91-2876 243257
Chairman	G K Tulsian
Managing Director	NA
Company Secretary	Manisha Lakhotia
Auditor	Deloitte Haskins & Sells LLP
Face Value	1
Market Lot	1
Listing	BSE,MSEI ,NSEBSE,MSEI ,NSE
Registrar	Cameo Corporate Services Ltd Subramanian Building,1ST Floor No 1,Club House Road,Chennai - 600002

Board of Directors

Board Of Directors
Chairman(Non Exe)&Dir(Non-Ind)	G K Tulsian
Non-Exec & Non-Independent Dir	Tushar Shah PINKY ATUL MEHTA Shriram Jagetiya
Independent Non Exe. Director	S Ravi SHARADKUMAR BHATIA
Company Sec. & Compli. Officer	Manisha Lakhotia

Balance Sheet

Particulars (Sources Of Funds)	Mar 2026 ( Cr)	Mar 2025 ( Cr)	Mar 2024 ( Cr)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)
Share Capital	5.65	5.65	5.65	5.65	5.64	5.63
Reserves Total	294.60	230.48	157.06	103.53	68.80	42.25
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	300.25	236.13	162.71	109.18	74.44	47.88
Secured Loans	100.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	2105.61	1702.84	1398.63	899.66	738.62	396.57
Total Loan Funds	2205.61	1702.84	1398.63	899.66	738.62	396.57
Other Liabilities	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2505.86	1938.97	1561.34	1008.84	813.06	444.45
APPLICATION OF FUNDS :
Loan / Non-Current Assets	1038.10	609.39	600.83	282.80	245.19	2.87
Fixed Assets
Gross Block	93.66	82.50	70.78	59.31	46.98	39.92
Less: Accumulated Depreciation	51.57	43.97	34.90	28.27	22.92	16.34
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	42.09	38.53	35.88	31.04	24.06	23.58
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	0.07	0.07	0.39	0.61	0.33	0.68
Investments	818.35	716.76	429.97	403.59	436.01	0.00
Current Assets, Loans & Advances
Inventories	0.00	0.00	0.00	0.00	0.00	256.49
Sundry Debtors	43.43	29.77	60.66	18.33	45.36	153.94
Cash and Bank Balance	1165.86	993.23	889.51	564.80	461.97	405.13
Loans and Advances	350.33	72.92	88.20	55.28	47.76	35.24
Total Current Assets	1559.62	1095.93	1038.37	638.40	555.09	850.80
Less : Current Liabilities and Provisions
Current Liabilities	931.55	495.87	514.18	321.11	427.92	417.93
Provisions	28.76	36.16	40.59	33.48	25.70	21.04
Total Current Liabilities & Provisions	960.32	532.03	554.77	354.58	453.62	438.97
Net Current Assets	599.30	563.90	483.60	283.82	101.46	411.83
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	7.91	10.26	10.62	6.96	5.97	5.32
Deferred Tax Liability	0.00	0.00	0.00	0.00	0.00	0.00
Net Deferred Tax	7.91	10.26	10.62	6.96	5.97	5.32
Other Assets	0.05	0.06	0.06	0.01	0.02	0.17
Total Assets	2505.87	1938.98	1561.34	1008.83	813.04	444.45
Contingent Liabilities	0.07	0.07	15.51	15.51	20.53	20.53

Profit and Loss

Particulars(INCOME)	Mar 2026 ( Cr)	Mar 2025 ( Cr)	Mar 2024 ( Cr)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)
Operating Income	469.16	453.44	394.57	266.76	233.44	192.43
Other Income	4.17	9.14	0.45	12.03	0.49	0.96
Total Income	473.33	462.58	395.02	278.79	233.93	193.39
EXPENDITURE :
Operating Expenses & Administrative Expenses	128.04	127.39	131.56	96.66	95.10	78.23
Miscellaneous Expenses	8.29	3.61	4.33	8.11	3.28	2.24
Interest	138.34	126.84	93.07	50.69	27.79	23.51
Less : Pre-operative Expenses Capitalised	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	108.21	93.31	88.89	69.99	65.30	59.99
Total Expenditure	382.88	351.15	317.85	225.45	191.47	163.97
Gross Profit	90.45	111.43	77.16	53.33	42.46	29.42
Depreciation	11.74	9.78	8.23	6.66	6.77	7.02
Profit Before Tax	78.71	101.65	68.93	46.67	35.69	22.40
Tax	18.07	27.10	19.62	13.77	10.20	7.64
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	2.16	0.36	-3.66	-0.99	-0.65	-1.02
Reported Net Profit	58.48	74.19	52.97	33.90	26.13	15.78
Extraordinary Items	-2.30	-0.01	-0.03	-0.08	-0.03	0.01
Adjusted Net Profit	60.78	74.20	53.00	33.98	26.16	15.77
Adjustment below Net Profit	5.64	-0.77	0.38	0.57	0.17	0.83
P & L Balance brought forward	196.10	122.67	69.33	34.86	8.56	-8.05
Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
P & L Balance carried down	260.22	196.10	122.67	69.33	34.86	8.56
Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Per Share(Rs)	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share-Unit Curr	10.35	13.13	9.37	6.01	4.64	2.80
Earnings Per Share(Adj)-Unit Curr	10.35	13.13	9.37	6.01	4.64	2.80
Book Value-Unit Curr	53.13	41.79	28.79	19.34	13.20	8.50
Book Value(Adj)-Unit Curr	53.13	41.79	28.79	19.34	13.20	8.50

Quarterly Results

Quarters:

Particulars	Sep 2026 ( Cr)	Jun 2026 ( Cr)	Mar 2026 ( Cr)
Operating Income	137.69	130.77	129.80
Total Income	137.89	131.46	133.63
Interest	46.12	43.67	40.24
Employee Expenses	32.49	31.74	26.20
Selling & Administrative Expenses	0.00	0.00	0.00
Impairment of Assets	0.00	0.00	0.00
Loss on Forex Transaction	0.00	0.00	0.00
Other Expenses	39.90	36.78	38.02
TOTAL OPERATING EXPENDITURE	118.51	112.19	104.46
Operating Profit Before Prov. & Cont.	19.38	19.27	29.17
Provisions & Write Offs	0.21	0.28	0.51
Depreciation	3.73	3.59	2.96
TOTAL EXPENDITURE	122.45	116.06	107.93
Tax	4.76	4.50	4.74
Fringe Benefit Tax	0.00	0.00	0.00
Deferred Tax	-0.22	-0.22	2.24
Reported Profit After Tax	10.89	11.13	18.73
Extra-ordinary Items	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	10.89	11.13	18.73
EPS (Unit Curr.)	1.93	1.97	3.31
EPS (Adj) (Unit Curr.)	1.93	1.97	3.31
Calculated EPS (Unit Curr.)	1.93	1.97	3.31
Calculated EPS (Adj) (Unit Curr.)	1.93	1.97	3.31
Calculated EPS (Ann.) (Unit Curr.)	7.71	7.88	13.26
Calculated EPS (Adj) (Ann.) (Unit Curr.)	7.71	7.88	13.26
Book Value (Unit Curr.)	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00
Equity	5.65	5.65	5.65
Reserve & Surplus	317.51	307.69	294.60
Face Value	1.00	1.00	1.00
Public Shareholding (No. Of Shares)	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00
Pledged/Encumbered - No. of Shares	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00
Non Encumbered - No. of Shares	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00
PBIDTM(%)	47.42	47.92	53.09
PBDTM(%)	13.92	14.52	22.09
PATM(%)	7.91	8.51	14.43
Net Interest Income	0.00	0.00	0.00
Operating Expenses	0.00	0.00	0.00
Loan Losses & Provision	0.00	0.00	0.00
Assets Under Management	0.00	0.00	0.00
Return on Equity(%)	0.00	0.00	0.00
Operating Expenses to Net Interest Income(%)	0.00	0.00	0.00
Cost to Income Ratio	0.00	0.00	0.00
Loan Loss Provision Ratio	0.00	0.00	0.00
Loans Spreads(%)	0.00	0.00	0.00
Net Interest Margin(%)	0.00	0.00	0.00
Provision Coverage Ratio(%)	0.00	0.00	0.00
Capital Adequacy Ratio	0.00	0.00	0.00
Tier I Capital	0.00	0.00	0.00
Tier II Capital	0.00	0.00	0.00
Gross Non Performing Assets	0.00	0.00	0.00
Net Non Performing Assets	0.00	0.00	0.00
(%) Gross Non Performing Assets	0.00	0.00	0.00
(%) Net Non Performing Assets	0.00	0.00	0.00
Return on Assets(Annualised)	0.00	0.00	0.00
Return on Assets	0.00	0.00	0.00
Loans Disbursed(Amt Rs cr)	0.00	0.00	0.00
Loans Sanctioned/Approved(Amt Rs cr)	0.00	0.00	0.00
Loan Book(Amt Rs cr)	0.00	0.00	0.00

Financial Ratios

Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Debt-Equity Ratio	7.29	7.78	8.45	8.92	9.28
Long Term Debt-Equity Ratio	0.47	0.60	0.83	1.16	1.45
Current Ratio	0.84	0.85	0.86	0.78	0.90
Fixed Assets	5.37	6.04	6.07	5.25	5.38
Inventory	0.00	0.00	0.00	0.00	1.82
Debtors	12.93	10.23	10.00	8.75	2.35
Interest Cover Ratio	1.57	1.80	1.74	1.92	2.28
PBIDTM (%)	48.34	51.51	43.09	37.31	30.03
PBITM (%)	45.86	49.39	41.01	34.92	27.14
PBDTM (%)	19.11	24.09	19.53	19.13	18.15
CPM (%)	14.84	18.15	15.49	14.55	14.06
APATM (%)	12.36	16.04	13.41	12.16	11.17
ROCE (%)	9.77	13.06	12.61	10.69	10.09
RONW (%)	21.81	37.20	38.96	36.92	42.72

Share Price

Year	High ()	Low ()	Close ()	P/E High	P/E Low	P/E Close	Mkt Cap.( In Cr.)
Sep 2026	130.00	111.00	115.70	12.77	9.69	10.76	653.81
Aug 2026	141.50	124.60	126.65	13.90	11.43	11.78	715.69
Jul 2026	162.30	130.00	134.70	15.64	12.04	12.52	761.18
Jun 2026	150.00	124.00	142.25	14.45	11.46	13.23	803.84
May 2026	151.00	125.65	138.20	14.24	10.59	12.85	780.96
Apr 2026	158.48	95.03	147.21	15.50	7.70	13.69	831.87
Mar 2026	136.95	95.35	96.65	13.08	8.75	8.99	546.16
Feb 2026	157.85	116.50	130.90	13.56	8.62	9.97	739.71
Jan 2026	148.00	114.05	124.95	11.62	8.33	9.52	706.08
Share Prices Of 2025
Dec 2025	164.25	138.90	142.45	13.66	10.31	10.85	804.97
Nov 2025	166.40	151.05	155.00	13.50	10.97	11.80	875.89
Oct 2025	180.40	154.20	161.70	14.15	11.52	12.31	913.75
Sep 2025	197.20	169.40	170.60	15.42	12.81	12.99	964.05
Aug 2025	194.80	151.95	179.85	15.94	10.34	13.70	1,016.32
Jul 2025	200.95	165.05	171.85	15.56	12.40	13.09	971.11
Jun 2025	207.35	165.35	193.90	15.79	11.77	14.77	1,095.71
May 2025	187.05	136.05	186.40	14.30	9.45	14.20	1,053.33
Apr 2025	161.80	143.00	143.00	12.32	10.89	10.89	808.08
Mar 2025	174.60	130.90	163.75	13.35	9.50	12.47	925.34
Feb 2025	188.00	139.25	144.80	20.51	13.69	15.44	818.25

Company Profile

Risk Disclosure on Derivatives

ATTENTION INVESTORS

ATTENTION INVESTORS

ATTENTION INVESTORS

Address	303, New Delhi House, 27, Barakhamba Road, New Delhi-110001. CIN No. U74899DL1995PTC070418
call	011-43074307-30 \| Fax: 011-43074315
Compliance Officers: Mr. Pravin Kumar Sinha (NSE, BSE & MCX)
call	011-43074317
mail	compliance@integratedmaster.com
Mr. Gopal Singh Kathayat (CDSL & NSDL)
call	011-43074310
mail	dp@integratedmaster.com
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