Ester Industries Limited
Ester Industries Limited (ESTER) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Industrials›Capital Goods›Industrial Products›Packaging
esterindustries.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261 Cr | 268 Cr | 277 Cr | 286 Cr | 331 Cr | 346 Cr | 319 Cr | 338 Cr | 354 Cr | 339 Cr | 344 Cr | 432 Cr |
| Operating expenses (approx.) | 272 Cr | 287 Cr | 271 Cr | 275 Cr | 291 Cr | 286 Cr | 283 Cr | 318 Cr | 339 Cr | 322 Cr | 302 Cr | 383 Cr |
| EBITDA | -10 Cr | -19 Cr | 6 Cr | 11 Cr | 40 Cr | 60 Cr | 37 Cr | 21 Cr | 15 Cr | 17 Cr | 42 Cr | 50 Cr |
| OPM % | -3.9% | -7.3% | 2.2% | 3.9% | 12.0% | 17.2% | 11.5% | 6.1% | 4.2% | 4.9% | 12.3% | 11.5% |
| Other income | 10 Cr | 5 Cr | 3 Cr | 6 Cr | 3 Cr | 5 Cr | 3 Cr | 9 Cr | 3 Cr | 5 Cr | 1 Cr | 10 Cr |
| Interest | 18 Cr | 18 Cr | 18 Cr | 17 Cr | 18 Cr | 16 Cr | 16 Cr | 15 Cr | 17 Cr | 16 Cr | 16 Cr | 17 Cr |
| Depreciation | 17 Cr | 17 Cr | 18 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 17 Cr | 18 Cr | 18 Cr | 18 Cr |
| Profit before tax | -35 Cr | -50 Cr | -27 Cr | -17 Cr | 7 Cr | 31 Cr | 6 Cr | -4 Cr | -17 Cr | -13 Cr | 9 Cr | 24 Cr |
| Tax % | 12.9% | 10.3% | 10.6% | 3.4% | 55.2% | 20.9% | 69.2% | -87.8% | 8.4% | 2.1% | 16.6% | 20.9% |
| Net profit | -30 Cr | -45 Cr | -24 Cr | -16 Cr | 3 Cr | 25 Cr | 2 Cr | -7 Cr | -16 Cr | -12 Cr | 8 Cr | 19 Cr |
| EPS (₹) | ₹-3.65 | ₹-5.37 | ₹-2.83 | ₹-1.71 | ₹0.32 | ₹2.64 | ₹0.21 | ₹-0.74 | ₹-1.62 | ₹-1.27 | ₹0.81 | ₹1.84 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 992 Cr | 1,406 Cr | 1,114 Cr | 1,063 Cr | 1,282 Cr | 1,375 Cr | Sign in for TTM |
| Operating expenses (approx.) | 761 Cr | 1,165 Cr | 1,022 Cr | 1,087 Cr | 1,135 Cr | 1,281 Cr | Sign in for TTM |
| EBITDA | 231 Cr | 241 Cr | 92 Cr | -24 Cr | 147 Cr | 95 Cr | Sign in for TTM |
| OPM % | 23.3% | 17.1% | 8.2% | -2.2% | 11.5% | 6.9% | Sign in for TTM |
| Other income | 8 Cr | 9 Cr | 12 Cr | 27 Cr | 17 Cr | 18 Cr | Sign in for TTM |
| Interest | 19 Cr | 25 Cr | 36 Cr | 70 Cr | 67 Cr | 65 Cr | Sign in for TTM |
| Depreciation | 35 Cr | 39 Cr | 44 Cr | 68 Cr | 69 Cr | 70 Cr | Sign in for TTM |
| Profit before tax | 185 Cr | 186 Cr | 187 Cr | -135 Cr | 28 Cr | -24 Cr | Sign in for TTM |
| Tax % | 25.8% | 26.6% | 6.5% | 10.3% | 50.7% | -13.1% | Sign in for TTM |
| Net profit | 137 Cr | 137 Cr | 137 Cr | -121 Cr | 14 Cr | -27 Cr | Sign in for TTM |
| EPS (₹) | ₹16.49 | ₹16.39 | ₹16.41 | ₹-14.49 | ₹1.46 | ₹-2.82 | Sign in for TTM |
| Dividend payout % | — | 20.1% | 11.6% | — | 0.0% | — | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 42 Cr | 42 Cr | 42 Cr | 47 Cr | 47 Cr | 49 Cr |
| Reserves | 470 Cr | 580 Cr | 702 Cr | 671 Cr | 725 Cr | 734 Cr |
| Borrowings | — | — | 816 Cr | 773 Cr | 660 Cr | 729 Cr |
| Other liabilities | 350 Cr | 806 Cr | 155 Cr | 153 Cr | 140 Cr | 162 Cr |
| Total liabilities | 862 Cr | 1,428 Cr | 1,715 Cr | 1,643 Cr | 1,573 Cr | 1,674 Cr |
| Fixed assets (net) | — | — | 977 Cr | 988 Cr | 977 Cr | 978 Cr |
| CWIP | — | — | 79 Cr | 83 Cr | 39 Cr | 36 Cr |
| Investments | — | — | 154 Cr | 69 Cr | 58 Cr | 78 Cr |
| Loans & advances | — | — | 0.59 Cr | 0.36 Cr | 0.64 Cr | 0.66 Cr |
| Inventories | — | — | 172 Cr | 145 Cr | 161 Cr | 209 Cr |
| Trade receivables | — | — | 152 Cr | 147 Cr | 170 Cr | 185 Cr |
| Cash & bank | — | — | 28 Cr | 100 Cr | 23 Cr | 1 Cr |
| Other assets | 862 Cr | 1,428 Cr | 152 Cr | 111 Cr | 144 Cr | 186 Cr |
| Total assets | 862 Cr | 1,428 Cr | 1,715 Cr | 1,643 Cr | 1,573 Cr | 1,674 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operating activity | — | 62 Cr | 58 Cr | 44 Cr | 112 Cr | 89 Cr |
| Cash from investing | — | -392 Cr | -199 Cr | 42 Cr | -56 Cr | -116 Cr |
| Cash from financing | — | 384 Cr | 114 Cr | -14 Cr | -133 Cr | 6 Cr |
| Net cash flow | — | 54 Cr | -28 Cr | 72 Cr | 23 Cr | -21 Cr |
| Free cash flow (OCF − Capex) | — | -352 Cr | -199 Cr | -30 Cr | 81 Cr | 27 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| ROCE % | 39.8% | 34.0% | 14.3% | -4.3% | 6.6% | 2.7% |
| ROE % | 26.9% | 22.0% | 18.4% | -16.9% | 0.0% | 0.0% |
| Debtor days | — | — | 50 | 51 | 48 | 49 |
| Inventory days | — | — | 87 | 69 | 74 | 84 |
| Days payable | — | — | 16 | 31 | 22 | 27 |
| Cash conversion cycle | — | — | 121 | 89 | 101 | 106 |
| Debt / equity | — | — | 1.10 | 1.08 | 0.85 | 0.93 |
| Current ratio | — | — | 1.69 | 1.27 | 1.52 | 1.44 |
| Net debt / EBITDA | 0.00 | 0.00 | 8.58 | — | 4.33 | 7.70 |
Compare with peers
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