GMMPFAUDLR
GMM Pfaudler Limited
Glass-lined and corrosion-resistant process equipment for chemical and pharma industries
Industrials›Capital Goods›Industrial Manufacturing›Industrial Products
gmmpfaudler.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1312.10
Market cap
5,895 Cr
Stock P/E
79.1
P/B
4.90
Dividend yield
0.1%
ROE (FY26)
4.7%
ROCE (FY26)
10.9%
Operating margin (FY26)
7.0%
Debt / equity (FY26)
0.69
OCF / EBITDA (FY26)
96.6%
OCF / EBITDA (3Y)
84.7%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
GMM Pfaudler makes glass-lined and other corrosion-resistant process equipment, mixing equipment and process systems for chemical, pharma, agrochemical, oil and gas, power and nuclear customers in India, Europe, the Americas and beyond.
Company snapshot
19thBy market cap
Ranked among 69 companies in Industrial Products.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 74.2% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| India | 25.8% | 618 Cr | 58 Cr | — |
| Overseas | 74.2% | 1,774 Cr | 149 Cr | — |
What we see
Concerns
- ✗Net margin is very thin at 1.5% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · 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 | 937 Cr | 856 Cr | 741 Cr | 785 Cr | 805 Cr | 801 Cr | 807 Cr | 795 Cr | 902 Cr | 884 Cr | 944 Cr | 925 Cr |
| Operating expenses (approx.) | 795 Cr | 742 Cr | 650 Cr | 697 Cr | 712 Cr | 706 Cr | 723 Cr | 694 Cr | 781 Cr | 779 Cr | 868 Cr | 831 Cr |
| EBITDA | 142 Cr | 114 Cr | 91 Cr | 89 Cr | 93 Cr | 96 Cr | 83 Cr | 101 Cr | 122 Cr | 105 Cr | 75 Cr | 94 Cr |
| OPM % | 15.1% | 13.3% | 12.3% | 11.3% | 11.6% | 12.0% | 10.3% | 12.7% | 13.5% | 11.9% | 8.0% | 10.1% |
| Other income | 9 Cr | -8 Cr | 11 Cr | 10 Cr | -0.73 Cr | 26 Cr | -5 Cr | 9 Cr | 9 Cr | 9 Cr | 18 Cr | 10 Cr |
| Interest | 22 Cr | 23 Cr | 30 Cr | 25 Cr | 26 Cr | 25 Cr | 27 Cr | 43 Cr | 30 Cr | 34 Cr | 16 Cr | 23 Cr |
| Depreciation | 32 Cr | 33 Cr | 36 Cr | 32 Cr | 33 Cr | 35 Cr | 38 Cr | 36 Cr | 36 Cr | 37 Cr | 42 Cr | 41 Cr |
| Profit before tax | 97 Cr | 50 Cr | 36 Cr | 41 Cr | 33 Cr | 62 Cr | -34 Cr | 32 Cr | 64 Cr | -13 Cr | 26 Cr | 40 Cr |
| Tax % | 27.4% | 39.1% | 19.3% | 42.0% | 47.7% | 35.1% | 18.2% | 67.9% | 38.7% | 34.1% | 40.6% | 45.0% |
| Net profit | 70 Cr | 31 Cr | 29 Cr | 24 Cr | 17 Cr | 40 Cr | -28 Cr | 10 Cr | 39 Cr | -9 Cr | 15 Cr | 22 Cr |
| EPS (₹) | ₹15.82 | ₹7.06 | ₹6.92 | ₹5.62 | ₹3.84 | ₹9.23 | ₹-6.00 | ₹2.48 | ₹9.22 | ₹-1.78 | ₹3.82 | ₹5.32 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 378 Cr | 411 Cr | 503 Cr | 591 Cr | 1,001 Cr | 2,541 Cr | 3,178 Cr | 3,446 Cr | 3,199 Cr | 3,524 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 331 Cr | 349 Cr | 426 Cr | 480 Cr | 862 Cr | 2,257 Cr | 2,746 Cr | 2,970 Cr | 2,838 Cr | 3,121 Cr | Sign in free for the trailing twelve months |
| EBITDA | 48 Cr | 62 Cr | 77 Cr | 111 Cr | 139 Cr | 284 Cr | 431 Cr | 477 Cr | 361 Cr | 403 Cr | Sign in free for the trailing twelve months |
| OPM % | 12.6% | 15.1% | 15.3% | 18.8% | 13.8% | 11.2% | 13.6% | 13.8% | 11.3% | 11.4% | Sign in free for the trailing twelve months |
| Other income | 6 Cr | 9 Cr | 8 Cr | 6 Cr | 23 Cr | 7 Cr | 52 Cr | 20 Cr | 30 Cr | 45 Cr | Sign in free for the trailing twelve months |
| Interest | 0.90 Cr | 1 Cr | 1 Cr | 3 Cr | 10 Cr | 25 Cr | 67 Cr | 95 Cr | 103 Cr | 123 Cr | Sign in free for the trailing twelve months |
| Depreciation | 8 Cr | 10 Cr | 11 Cr | 21 Cr | 51 Cr | 133 Cr | 119 Cr | 147 Cr | 144 Cr | 158 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 44 Cr | 61 Cr | 73 Cr | 92 Cr | 68 Cr | 133 Cr | 275 Cr | 255 Cr | 96 Cr | 102 Cr | Sign in free for the trailing twelve months |
| Tax % | 29.4% | 29.6% | 31.0% | 22.9% | 6.6% | 43.5% | 22.4% | 31.8% | 48.9% | 49.2% | Sign in free for the trailing twelve months |
| Net profit | 31 Cr | 43 Cr | 51 Cr | 71 Cr | 63 Cr | 75 Cr | 214 Cr | 174 Cr | 49 Cr | 52 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹21.29 | ₹29.20 | ₹34.60 | ₹48.66 | ₹50.19 | ₹58.18 | ₹37.52 | ₹39.80 | ₹11.78 | ₹12.86 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 11.5% | 9.6% | 4.2% | 5.1% | 17.9% | 16.8% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 9 Cr | 9 Cr | 9 Cr | 9 Cr |
| Reserves | 191 Cr | 225 Cr | 266 Cr | 340 Cr | 404 Cr | 524 Cr | 795 Cr | 959 Cr | 1,014 Cr | 1,196 Cr |
| Borrowings | — | — | — | 11 Cr | 458 Cr | 505 Cr | 797 Cr | 712 Cr | 651 Cr | 835 Cr |
| Other liabilities | 125 Cr | 165 Cr | 165 Cr | 189 Cr | 1,429 Cr | 1,554 Cr | 1,742 Cr | 1,471 Cr | 1,423 Cr | 1,956 Cr |
| Total liabilities | 318 Cr | 392 Cr | 434 Cr | 543 Cr | 2,417 Cr | 2,728 Cr | 3,355 Cr | 3,157 Cr | 3,103 Cr | 4,024 Cr |
| Fixed assets (net) | 47 Cr | 57 Cr | 60 Cr | 87 Cr | 381 Cr | 382 Cr | 412 Cr | 410 Cr | 366 Cr | 411 Cr |
| CWIP | 2 Cr | 3 Cr | 5 Cr | 2 Cr | 4 Cr | 13 Cr | 13 Cr | 27 Cr | 12 Cr | 20 Cr |
| Investments | 46 Cr | 51 Cr | 48 Cr | 36 Cr | 0.67 Cr | 0.09 Cr | 0.01 Cr | 0.01 Cr | 0.01 Cr | 3 Cr |
| Loans & advances | — | — | 8 Cr | 17 Cr | 0.08 Cr | 0.42 Cr | 0.74 Cr | 4 Cr | 3 Cr | 3 Cr |
| Inventories | 82 Cr | 96 Cr | 115 Cr | 126 Cr | 585 Cr | 670 Cr | 771 Cr | 625 Cr | 540 Cr | 637 Cr |
| Trade receivables | 70 Cr | 51 Cr | 67 Cr | 74 Cr | 310 Cr | 356 Cr | 436 Cr | 433 Cr | 387 Cr | 465 Cr |
| Cash & bank | 31 Cr | 67 Cr | 75 Cr | 48 Cr | 243 Cr | 291 Cr | 311 Cr | 320 Cr | 445 Cr | 635 Cr |
| Other assets | 40 Cr | 69 Cr | 56 Cr | 154 Cr | 893 Cr | 1,016 Cr | 1,410 Cr | 1,338 Cr | 1,350 Cr | 1,848 Cr |
| Total assets | 318 Cr | 392 Cr | 434 Cr | 543 Cr | 2,417 Cr | 2,728 Cr | 3,355 Cr | 3,157 Cr | 3,103 Cr | 4,024 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 22 Cr | 68 Cr | 27 Cr | 27 Cr | 157 Cr | 236 Cr | 185 Cr | 284 Cr | 378 Cr | 389 Cr |
| Cash from investing | -21 Cr | -24 Cr | -8 Cr | -50 Cr | -66 Cr | -117 Cr | -311 Cr | -32 Cr | -52 Cr | -154 Cr |
| Cash from financing | -6 Cr | -8 Cr | -10 Cr | -5 Cr | 105 Cr | -55 Cr | 130 Cr | -244 Cr | -201 Cr | -44 Cr |
| Net cash flow | -5 Cr | 35 Cr | 9 Cr | -28 Cr | 196 Cr | 65 Cr | 4 Cr | 8 Cr | 125 Cr | 191 Cr |
| Free cash flow (OCF − Capex) | 8 Cr | 44 Cr | 11 Cr | -9 Cr | 78 Cr | 105 Cr | 116 Cr | 220 Cr | 315 Cr | 311 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23.2% | 27.1% | 27.7% | 27.0% | 7.9% | 13.5% | 21.2% | 20.8% | 11.9% | 10.9% |
| ROE % | 16.1% | 18.7% | 18.8% | 20.7% | 13.8% | 12.7% | 20.4% | 18.4% | 5.1% | 4.7% |
| Debtor days | 67 | 45 | 49 | 46 | 113 | 51 | 50 | 46 | 44 | 48 |
| Inventory days | 197 | 194 | 177 | 175 | 551 | 233 | 213 | 183 | 166 | 158 |
| Days payable | 131 | 124 | 98 | 89 | 279 | 136 | 148 | 118 | 123 | 117 |
| Cash conversion cycle | 134 | 115 | 127 | 132 | 385 | 148 | 115 | 111 | 87 | 89 |
| OCF / EBITDA % | 47.3% | 109.1% | 35.1% | 24.0% | 113.0% | 83.3% | 42.9% | 59.5% | 104.7% | 96.6% |
| OCF / EBITDA % (3 years) | — | — | 62.8% | 48.6% | 64.4% | 78.7% | 67.7% | 59.2% | 66.7% | 84.7% |
| Debt / equity | — | — | 0.00 | 0.03 | 1.12 | 0.96 | 0.99 | 0.74 | 0.64 | 0.69 |
| Current ratio | 2.22 | 2.12 | 2.38 | 2.37 | 1.66 | 1.49 | 1.49 | 1.61 | 1.62 | 1.60 |
| Net debt / EBITDA | -0.65 | — | -0.98 | -0.33 | 1.54 | 0.76 | 1.13 | 0.82 | 0.57 | 0.50 |