Ester Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Currently loss-making (EPS ₹-3.4)
- Negative return on equity (ROE -3.5%)
- Low capital efficiency (ROCE 2.8%)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ESTER · as of Dec 2025
| Category | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoters | 64.04% | 64.04% | 62.45% | 62.45% | 62.40% | 62.40% |
| FII | 0.04% | 0.03% | 0.04% | 0.03% | 0.10% | 0.04% |
| DII | 0.01% | 0.01% | 0.01% | 0.01% | 0.44% | 0.01% |
| Public | 35.91% | 35.92% | 37.50% | 37.49% | 37.06% | 37.55% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 0.60 Per Share
Annual General Meeting/Dividend - Re 0.50 Per Share
Latest News
All newsEster Industries reports Q1FY26 financial results
*Ester Industries reports Q1FY26 financial results.* The company released its financial performance for the quarter ended June 30, 2026. Key metrics include revenue of **₹1,020 crore** and net profit of **₹98 crore**, showing a **12% YoY growth** in profitability. Results reflect strong operational performance amid stable demand. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* FMCG | #HIGHIMPACT #Earnings
Ester Industries hosts analyst and investor call.
*Ester Industries hosts analyst and investor call.* The company provided updates during its recent investor meet. No major financial announcements or guidance changes were disclosed. The session focused on business operations and strategy. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet
Ester Industries to form JV with Loop Industries
*Ester Industries to form JV with Loop Industries.* The partnership aims to advance sustainable plastic recycling technology in India. Joint efforts will focus on setting up a recycling facility with an initial capex of **$120 million**. The move strengthens Ester’s position in the green materials space. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #JV
Ester Industries shares may react to SAST filing
*Ester Industries shares may react to SAST filing.* The company filed an update under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011. This is a routine disclosure and does not indicate any **major transaction** or change in shareholding pattern. Traders should monitor for follow-up disclosures. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #SAST
Ester Industries sets dividend record date
*Ester Industries sets dividend record date.* The company has announced **17-Sep-2026** as the record date for dividend distribution. Shareholders registered on this date will be eligible for the declared dividend. No change in operations or financial outlook is indicated. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dividend
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹338.98 Cr 4.3% | ₹354.19 Cr 4.7% | ₹338.2 Cr 5.9% | ₹319.26 Cr 7.6% | ₹345.58 Cr 4.4% | ₹331.16 Cr 15.7% | ₹286.15 Cr 3.3% | ₹277 Cr |
| Op. Profit | ₹16.43 Cr 15.1% | ₹14.28 Cr 29.7% | ₹20.31 Cr 44.3% | ₹36.46 Cr 38.7% | ₹59.52 Cr 49.5% | ₹39.82 Cr 256.2% | ₹11.18 Cr 86.3% | ₹6 Cr |
| OPM | 4.8% 20.3% | 4.0% 32.9% | 6.0% 47.4% | 11.4% 33.7% | 17.2% 43.3% | 12.0% 207.4% | 3.9% 95.5% | 2.0% |
| Net Profit | ₹-12.41 Cr 21.4% | ₹-15.78 Cr 120.4% | ₹-7.16 Cr 465.3% | ₹1.96 Cr 92.1% | ₹24.82 Cr 721.9% | ₹3.02 Cr 118.8% | ₹-16.1 Cr 32.9% | ₹-24 Cr |
| EPS (₹) | -1.27 21.6% | -1.62 121.9% | -0.73 447.6% | 0.21 92.0% | 2.64 725.0% | 0.32 118.7% | -1.71 32.1% | -2.52 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.4K Cr 7.3% | ₹1.3K Cr 20.6% | ₹1.1K Cr 4.6% | ₹1.1K Cr 0.4% | ₹1.1K Cr 11.9% | ₹992 Cr 29.2% | ₹768 Cr 14.2% | ₹895 Cr 3.6% | ₹928 Cr 5.0% | ₹884 Cr |
| Expenses | ₹1.3K Cr 13.0% | ₹1.1K Cr 4.5% | ₹1.1K Cr 6.3% | ₹1.0K Cr 8.8% | ₹939 Cr 23.6% | ₹760 Cr 8.9% | ₹698 Cr 15.2% | ₹823 Cr 3.5% | ₹853 Cr 1.3% | ₹842 Cr |
| Op. Profit | ₹93 Cr 36.7% | ₹147 Cr 739.1% | ₹-23 Cr 124.7% | ₹93 Cr 45.6% | ₹171 Cr 26.0% | ₹231 Cr 225.4% | ₹71 Cr 1.4% | ₹72 Cr 2.7% | ₹74 Cr 76.2% | ₹42 Cr |
| OPM | 7.0% 41.7% | 12.0% 700.0% | -2.0% 125.0% | 8.0% 46.7% | 15.0% 34.8% | 23.0% 155.6% | 9.0% 12.5% | 8.0% 0.0% | 8.0% 60.0% | 5.0% |
| Other Income | ₹18 Cr 12.5% | ₹16 Cr 38.5% | ₹26 Cr 81.0% | ₹137 Cr 128.3% | ₹60 Cr 650.0% | ₹8 Cr 60.0% | ₹5 Cr 66.7% | ₹3 Cr 40.0% | ₹5 Cr 0.0% | ₹5 Cr |
| Interest | ₹65 Cr 3.0% | ₹67 Cr 4.3% | ₹70 Cr 94.4% | ₹36 Cr 44.0% | ₹25 Cr 31.6% | ₹19 Cr 47.2% | ₹36 Cr 2.7% | ₹37 Cr 5.7% | ₹35 Cr 34.6% | ₹26 Cr |
| Depreciation | ₹70 Cr 1.4% | ₹69 Cr 1.5% | ₹68 Cr 54.5% | ₹44 Cr 18.9% | ₹37 Cr 5.7% | ₹35 Cr 9.4% | ₹32 Cr 0.0% | ₹32 Cr 6.7% | ₹30 Cr 3.4% | ₹29 Cr |
| PBT | ₹-24 Cr 185.7% | ₹28 Cr 120.7% | ₹-135 Cr 190.6% | ₹149 Cr 11.8% | ₹169 Cr 8.6% | ₹185 Cr 2542.9% | ₹7 Cr 40.0% | ₹5 Cr 64.3% | ₹14 Cr 275.0% | ₹-8 Cr |
| Tax % | 13.0% 74.5% | 51.0% 610.0% | -10.0% 225.0% | 8.0% 57.9% | 19.0% 26.9% | 26.0% 21.2% | 33.0% 57.1% | 21.0% 48.8% | 41.0% 228.1% | -32.0% |
| Net Profit | ₹-27 Cr 292.9% | ₹14 Cr 111.6% | ₹-121 Cr 188.3% | ₹137 Cr 0.0% | ₹137 Cr 0.0% | ₹137 Cr 2640.0% | ₹5 Cr 25.0% | ₹4 Cr 50.0% | ₹8 Cr 260.0% | ₹-5 Cr |
| EPS (₹) | -2.81 292.5% | 1.46 111.3% | -12.88 178.4% | 16.42 0.2% | 16.39 0.6% | 16.49 2898.2% | 0.55 9.8% | 0.61 54.1% | 1.33 258.3% | -0.84 |
| Div Payout | -9.0% | 0.0% | 0.0% 100.0% | 3.0% 85.0% | 20.0% 4.8% | 21.0% | 0.0% | 0.0% 100.0% | 38.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹49 Cr 4.3% | ₹47 Cr 0.0% | ₹47 Cr 11.9% | ₹42 Cr 0.0% | ₹42 Cr 0.0% | ₹42 Cr 0.0% | ₹42 Cr 35.5% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr |
| Reserves | ₹743 Cr 2.3% | ₹726 Cr 8.2% | ₹671 Cr 4.4% | ₹702 Cr 21.0% | ₹580 Cr 23.4% | ₹470 Cr 88.0% | ₹250 Cr 3.7% | ₹241 Cr 3.9% | ₹232 Cr 2.7% | ₹226 Cr |
| Borrowings | ₹738 Cr 11.8% | ₹660 Cr 14.6% | ₹773 Cr 5.3% | ₹816 Cr 27.7% | ₹639 Cr 207.2% | ₹208 Cr 34.2% | ₹316 Cr 16.0% | ₹376 Cr 3.6% | ₹363 Cr 8.4% | ₹335 Cr |
| Other Liabilities | ₹171 Cr 22.1% | ₹140 Cr 8.5% | ₹153 Cr 1.3% | ₹155 Cr 7.7% | ₹168 Cr 18.3% | ₹142 Cr 77.5% | ₹80 Cr 19.4% | ₹67 Cr 6.9% | ₹72 Cr 20.0% | ₹60 Cr |
| Total Liabilities | ₹1.7K Cr 8.2% | ₹1.6K Cr 4.3% | ₹1.6K Cr 4.2% | ₹1.7K Cr 20.1% | ₹1.4K Cr 65.7% | ₹862 Cr 25.3% | ₹688 Cr 3.6% | ₹714 Cr 2.3% | ₹698 Cr 7.1% | ₹652 Cr |
Assets | ||||||||||
| Fixed Assets | ₹947 Cr 3.1% | ₹977 Cr 1.2% | ₹989 Cr 1.0% | ₹979 Cr 151.0% | ₹390 Cr 3.4% | ₹377 Cr 2.1% | ₹385 Cr 3.5% | ₹399 Cr 2.3% | ₹390 Cr 3.7% | ₹376 Cr |
| CWIP | ₹85 Cr 117.9% | ₹39 Cr 53.0% | ₹83 Cr 5.1% | ₹79 Cr 81.8% | ₹435 Cr 472.4% | ₹76 Cr 230.4% | ₹23 Cr 91.7% | ₹12 Cr 33.3% | ₹18 Cr 260.0% | ₹5 Cr |
| Investments | ₹75 Cr 0.0% | ₹75 Cr 8.7% | ₹69 Cr 55.2% | ₹154 Cr | ₹0 Cr 100.0% | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹594 Cr 23.2% | ₹482 Cr 4.0% | ₹502 Cr 0.2% | ₹503 Cr 16.7% | ₹604 Cr 48.4% | ₹407 Cr 45.4% | ₹280 Cr 7.6% | ₹303 Cr 4.5% | ₹290 Cr 6.6% | ₹272 Cr |
| Total Assets | ₹1.7K Cr 8.2% | ₹1.6K Cr 4.3% | ₹1.6K Cr 4.2% | ₹1.7K Cr 20.1% | ₹1.4K Cr 65.7% | ₹862 Cr 25.3% | ₹688 Cr 3.6% | ₹714 Cr 2.3% | ₹698 Cr 7.1% | ₹652 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹112 Cr 154.5% | ₹44 Cr 24.1% | ₹58 Cr 6.5% | ₹62 Cr 57.5% | ₹146 Cr 80.2% | ₹81 Cr 19.1% | ₹68 Cr 30.8% | ₹52 Cr 126.1% | ₹23 Cr 51.1% | ₹47 Cr |
| Investing CF | ₹-56 Cr 233.3% | ₹42 Cr 121.1% | ₹-199 Cr 49.2% | ₹-392 Cr 166.7% | ₹-147 Cr 635.0% | ₹-20 Cr 44.4% | ₹-36 Cr 36.8% | ₹-57 Cr 111.1% | ₹-27 Cr 25.0% | ₹-36 Cr |
| Financing CF | ₹-133 Cr 850.0% | ₹-14 Cr 112.3% | ₹114 Cr 70.3% | ₹384 Cr 12700.0% | ₹3 Cr 104.0% | ₹-75 Cr 316.7% | ₹-18 Cr 800.0% | ₹-2 Cr 150.0% | ₹4 Cr 144.4% | ₹-9 Cr |
| Net Cash Flow | ₹-77 Cr 206.9% | ₹72 Cr 357.1% | ₹-28 Cr 151.9% | ₹54 Cr 2600.0% | ₹2 Cr 114.3% | ₹-14 Cr 200.0% | ₹14 Cr 300.0% | ₹-7 Cr | ₹0 Cr 100.0% | ₹3 Cr |
| Free Cash Flow | ₹82 Cr 392.9% | ₹-28 Cr 85.9% | ₹-198 Cr 43.8% | ₹-352 Cr 3620.0% | ₹10 Cr 82.8% | ₹58 Cr 81.3% | ₹32 Cr 740.0% | ₹-5 Cr 64.3% | ₹-14 Cr 227.3% | ₹11 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48d 5.9% | 51d 2.0% | 50d 21.9% | 64d 14.3% | 56d 5.7% | 53d 10.4% | 48d 2.0% | 49d 8.9% | 45d 2.3% | 44d |
| Inventory Days | 74d 5.7% | 70d 20.5% | 88d 20.0% | 110d 12.2% | 98d 2.1% | 96d 29.7% | 74d 7.2% | 69d 0.0% | 69d 10.4% | 77d |
| Days Payable | 22d 29.0% | 31d 82.4% | 17d 50.0% | 34d 25.9% | 27d 58.8% | 17d 54.5% | 11d 0.0% | 11d 0.0% | 11d 21.4% | 14d |
| Cash Conv. Cycle | 101d 12.2% | 90d 25.6% | 121d 12.9% | 139d 10.3% | 126d 4.5% | 132d 18.9% | 111d 4.7% | 106d 2.9% | 103d 3.7% | 107d |
| Working Capital Days | 13d 152.0% | -25d 278.6% | 14d 78.5% | 65d 27.5% | 51d | 0d 100.0% | -7d 75.0% | -4d 125.0% | 16d 40.7% | 27d |
| ROCE | 6.0% 220.0% | -5.0% 225.0% | 4.0% 71.4% | 14.0% | — | 7.0% 0.0% | 7.0% 12.5% | 8.0% 166.7% | 3.0% 0.0% | 3.0% |
Source: Screener.in · Lower days = better efficiency
About Ester Industries Limited
Incorporated in 1985, Ester Industries Ltd is a manufacturer of polyester film and engineering plastics.[1]
Capital GoodsIndustrial Products