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Esaar (India)

531502 BSE
₹10.34

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P/E
2.78
View as Markdown
MCP
Close 4 Nov 2026 ₹10.34 −2.09 −16.8% 1Y
Start ₹12.43

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
30.90%
Debt to Equity
1.21
EPS (TTM)
₹3.72
Book Value
₹12.38
Market Cap
—
P/E (TTM)
2.78
P/B
0.84
ROE
35.40%
Dividend Yield
0.00%
EBITDA
₹25.50 Cr
52W High
₹13.59
52W Low
₹7.66

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

66 Strong

Data confidence 100/100

Category scores

Quality
68
Strong
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
49
Average
Trend strength, vol-adjusted 12% weight
Ownership
60
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 48.4% CAGR over last 5 years
  • Promoter holding has increased by 34.2% over last quarter.

Weaknesses

3
  • Company has a low return on equity of 8.54% over last 3 years.
  • Earnings include an other income of Rs.15.6 Cr.
  • Company's cost of borrowing seems high

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBearish261
Moving AveragesStrong Bearish802

Key readings

RSI (14)
46.76
Neutral
MACD (12,26,9)
−0.30
Bullish
SMA (50)
11.24
Bearish
SMA (200)
10.71
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+26.20%
5Y+12.26%
3Y+29.22%
1Y+156.25%
TTM+321.33%

Net profit

Net profit growth by window
10YTurned to profit
5Y+40.63%
3Y+40.10%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YOutflow narrowed by ₹1 Cr
5YOutflow narrowed by ₹12 Cr
3YOutflow narrowed by ₹41 Cr
1YOutflow narrowed by ₹2 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+108.54 pp
5Y+106.37 pp
3Y+0.65 pp
1Y+52.29 pp
TTM+333.83 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5.00 Cr
Mar 2018₹1.00 Cr
Mar 2019−₹6.00 Cr
Mar 2020₹12.00 Cr
Mar 2021₹23.00 Cr
Mar 2022₹9.00 Cr
Mar 2023₹19.00 Cr
Mar 2024₹7.00 Cr
Mar 2025₹16.00 Cr
Mar 2026₹41.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.00 Cr
Mar 2018₹0.00 Cr
Mar 2019₹0.00 Cr
Mar 2020₹2.00 Cr
Mar 2021₹2.00 Cr
Mar 2022₹21.00 Cr
Mar 2023₹4.00 Cr
Mar 2024₹0.00 Cr
Mar 2025−₹2.00 Cr
Mar 2026₹11.00 Cr

Quarterly Results

₹ Cr
531502 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1.04
4.26
0.73
0.46
6.04
4.74
1.47
2.52
1.96
14.52
2.77
21.46
6.29
Expenses
0.83
0.71
1.94
4.67
4.08
20.98
1.48
1.37
15.77
0.38
−1.44
14.59
2.96
Operating Profit
0.21
3.55
−1.21
−4.21
1.96
−16.24
−0.01
1.15
−13.81
14.14
4.21
6.87
3.33
OPM %
20.19%
83.33%
−165.75%
−915.22%
32.45%
−342.62%
−0.68%
45.63%
−704.59%
97.38%
151.99%
32.01%
52.94%
Other Income
0.54
0
0.08
8.85
0.78
16.33
0.05
0
0.12
0.26
0.37
13.36
1.61
Interest
2.21
2.18
1.88
0.57
1.19
0.93
0.47
2.79
3.38
4.78
2.97
−1.41
3.13
Depreciation
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
PBT
−1.51
1.32
−3.06
4.02
1.5
−0.89
−0.48
−1.69
−17.12
9.57
1.56
21.59
1.76
Tax %
0%
0%
3.92%
29.6%
4.67%
−2.25%
16.67%
32.54%
0%
−23.72%
651.92%
−15.79%
6.25%
Net Profit
−1.5
1.32
−3.18
2.83
1.44
−0.87
−0.57
−2.24
−17.12
11.84
−8.6
25.01
1.65
EPS (₹)
−0.19
0.16
−0.4
0.35
0.18
−0.11
−0.07
−0.28
−2.13
1.47
−1.07
3.11
0.21

Profit & Loss

₹ Cr
531502 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9
4
5
1
−6
12
23
9
19
7
16
41
45
Expenses
12
6
5
1
−7
21
33
13
8
8
15
16
16
Operating Profit
−3
−2
0
0
1
−9
−11
−4
11
−2
1
24
29
OPM %
−36%
−50%
3%
0%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
−79%
−47%
−44%
57%
−23%
4.4%
60%
63%
Other Income
0
0
0
0
0
10
15
28
2
9
3
1
16
Interest
1
1
0
0
1
1
3
3
7
7
5
10
9
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
−4
−3
0
0
0
0
2
21
6
1
−2
16
34
Tax %
0%
0%
100%
17%
0%
−642%
17%
2%
23%
160%
44%
29%
—
Net Profit
−4
−3
0
0
0
2
2
21
4
0
−2
11
30
EPS (₹)
−0.5
−0.34
0
−0.03
0.04
0.22
0.19
2.61
0.56
−0.06
−0.28
1.39
3.72
Div. Payout %
0%
0%
—
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
531502 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
20
20
20
20
20
20
20
20
20
20
20
20
Reserves
−3
−5
−5
−6
−5
−6
−1
22
24
13
3
19
Borrowings
0
4
0
1
11
25
30
81
107
42
54
47
Other Liabilities
8
2
2
2
14
13
11
4
7
31
31
33
Total Liabilities
26
21
17
17
41
53
60
128
159
106
109
120
Fixed Assets
0
0
0
0
0
0
0
0
2
2
2
2
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
8
18
11
28
18
18
17
11
Other Assets
26
21
17
17
33
34
48
100
139
87
90
107
Total Assets
26
21
17
17
41
53
60
128
159
106
109
120

Cash Flow

₹ Cr
531502 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
13
−1
0
−2
0
−40
−12
−29
−41
75
−2
0
Investing
0
0
0
0
−8
−9
7
−17
8
−4
−10
7
Financing
−12
1
0
1
11
47
5
47
33
−72
12
−7
Net Cash Flow
0
0
0
−1
3
−2
0
1
0
−1
0
0
Free Cash Flow
13
−1
0
−2
0
−40
−12
−30
−43
72
−2
0
CFO/OP
−405
26
293
—
−20
430
112
736
−367
−4,772
−167
3

Ratios

531502 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
—
4
239
360
168
0
14
0
Inventory Days
50
94
66
2,318
—
20
249
—
118
—
—
—
Days Payable
0
0
1
10
—
324
1,611
—
1,631
—
—
—
Cash Conversion Cycle
50
94
65
2,308
—
−300
−1,123
360
−1,345
0
14
0
Working Capital Days
1,054
1,606
1,099
5,000
—
−26
90
284
49
−1,116
−676
−173
ROCE %
−10%
−11%
1%
0%
4%
3%
10%
28%
10%
7%
5%
31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Esaar insights

60 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 44.82%
  • Promoters 44.21%
  • Others 10.94%
  • FIIs 0.03%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Esaar (India)

What does Esaar (India) Ltd do?
Incorporated in 1951, Esaar Ltd is engaged in providing Asset Finance.
Where is Esaar (India) Ltd (ESARIND) listed?
Esaar (India) Ltd trades under code 531502 on the BSE.
Which sector does Esaar (India) Ltd belong to?
Esaar (India) Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the PE ratio of Esaar (India) Ltd?
Esaar (India) Ltd trades at a PE ratio of 2.78 as of 4 Nov 2026, on earnings per share of ₹3.72, against a book value of ₹12.38 per share.
What is the 52-week high and low of Esaar (India) Ltd?
Over the last 52 weeks Esaar (India) Ltd has traded between ₹7.66 and ₹13.59 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Esaar (India) Ltd?
Esaar (India) Ltd reported a return on equity of 35.40%. Its debt-to-equity ratio is 1.21.

Company Information

Incorporated in 1951, Esaar Ltd is engaged in providing Asset Finance.

Website esaarindia.com
Face Value ₹10

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