Ester Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Currently loss-making (EPS ₹-3.4)
- Negative return on equity (ROE -3.6%)
- Low capital efficiency (ROCE 2.8%)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 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 sees spurt in trading volume
*Ester Industries sees spurt in trading volume* following unusual activity, prompting NSE to seek clarification. The company has responded to the exchange's query to ensure transparency. No major corporate announcement was disclosed, suggesting the volume rise may be speculative. 📊 *STOCKS:* $ESTER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #VolumeSpurt
Ester 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 publishes notice for physical securities transfer
*Ester Industries publishes notice for physical securities transfer.* The company has issued a newspaper publication regarding the transfer of physical securities, as per regulatory requirements. This is a routine compliance step for share transfers. No financial impact is expected from this disclosure. 📊 *STOCKS:* ESTER | 🏢 *SECTOR:* FMCG | #LOWIMPACT #CorporateFiling
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