Innocorp
Industrial Products
531929 BSE
₹4.30 −0.22 (−4.87%)
- P/E
- 430.00
Close 4 Nov 2026 ₹4.30 −1.47 −25.5% 1Y
Start ₹5.77
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 0.00%
- Debt to Equity
- 1.69
- EPS (TTM)
- ₹0.01
- Book Value
- ₹2.86
- Market Cap
- —
- P/E (TTM)
- 430.00
- P/B
- 1.50
- ROE
- −1.75%
- Dividend Yield
- 0.00%
- EBITDA
- ₹0.00
- 52W High
- ₹6.83
- 52W Low
- ₹3.63
- Day Range
- ₹4.30 – ₹4.70
- Volume
- 3,356
Key Insights
No strengths listed
Weaknesses
4- The company has delivered a poor sales growth of -15.2% over past five years.
- Promoter holding is low: 29.7%
- Company has a low return on equity of -9.07% over last 3 years.
- Company might be capitalizing the interest cost
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 4 | 3 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Strong Bearish
Bearish
12
Neutral
4
Bullish
3
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 37.98
- Neutral
- MACD (12,26,9)
- −0.05
- Bearish
- SMA (50)
- 4.66
- Bearish
- SMA (200)
- 5.43
- 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
| 10Y | −19.20% |
|---|---|
| 5Y | −15.24% |
| 3Y | +11.87% |
| 1Y | Zero base |
| TTM | Zero base |
Net profit
| 10Y | Loss narrowed by ₹1.18 Cr |
|---|---|
| 5Y | Turned to loss |
| 3Y | Turned to loss |
| 1Y | Loss narrowed by ₹0.34 Cr |
| TTM | Turned to profit |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹2.49 Cr |
| 1Y | Outflow widened by ₹3.60 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +44.47 pp |
|---|---|
| 5Y | −20.53 pp |
| 3Y | +512.38 pp |
| 1Y | No sales |
| TTM | No sales |
Revenue by year
| Mar 2017 | ₹2.16 Cr |
|---|---|
| Mar 2018 | ₹1.22 Cr |
| Mar 2019 | ₹1.45 Cr |
| Mar 2020 | ₹0.65 Cr |
| Mar 2021 | ₹0.48 Cr |
| Mar 2022 | ₹0.52 Cr |
| Mar 2023 | ₹0.15 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹0.00 Cr |
| Mar 2026 | ₹0.21 Cr |
Net profit by year
| Mar 2017 | −₹2.62 Cr |
|---|---|
| Mar 2018 | −₹0.68 Cr |
| Mar 2019 | −₹0.99 Cr |
| Mar 2020 | −₹1.13 Cr |
| Mar 2021 | ₹0.54 Cr |
| Mar 2022 | −₹0.17 Cr |
| Mar 2023 | ₹3.85 Cr |
| Mar 2024 | −₹0.26 Cr |
| Mar 2025 | −₹0.38 Cr |
| Mar 2026 | −₹0.04 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 | 0 |
| Expenses | 0.09 | 0.09 | 0.01 | 0.04 | 0.05 | 0.05 | 0.01 | 0.09 | 0.07 | 0.08 | 0.01 | 0.01 | 0.02 |
| Operating Profit | −0.09 | −0.09 | −0.01 | −0.04 | −0.05 | −0.05 | −0.01 | −0.09 | −0.07 | −0.08 | −0.01 | 0.2 | −0.02 |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | 95.24% | — |
| Other Income | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| PBT | −0.1 | −0.1 | −0.03 | −0.04 | −0.06 | −0.06 | −0.02 | −0.1 | −0.08 | −0.09 | −0.02 | 0.19 | −0.03 |
| Tax % | 0% | 0% | 0% | −25% | 0% | 0% | 0% | 140% | 0% | −11.11% | 300% | −5.26% | 0% |
| Net Profit | −0.1 | −0.1 | −0.02 | −0.04 | −0.06 | −0.06 | −0.02 | −0.23 | −0.08 | −0.08 | −0.08 | 0.2 | −0.03 |
| EPS (₹) | −0.13 | −0.13 | −0.03 | −0.05 | −0.08 | −0.08 | −0.03 | −0.29 | −0.1 | −0.1 | −0.1 | 0.25 | −0.04 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.49 | 1.77 | 2.16 | 1.22 | 1.45 | 0.65 | 0.48 | 0.52 | 0.15 | 0 | 0 | 0.21 | 0.21 |
| Expenses | 14.51 | 2.22 | 2.39 | 2.07 | 1.94 | 1.04 | 0.29 | 0.39 | 0.89 | 0.2 | 0.21 | 0.17 | 0.12 |
| Operating Profit | −3.02 | −0.45 | −0.23 | −0.85 | −0.49 | −0.39 | 0.19 | 0.13 | −0.74 | −0.2 | −0.21 | 0.04 | 0.09 |
| OPM % | −26.28% | −25.42% | −10.65% | −69.67% | −33.79% | −60% | 39.58% | 25% | −493.33% | — | — | 19.05% | 42.86% |
| Other Income | −0.04 | 0.14 | 0.07 | 1.44 | 0.15 | −0.28 | 0.2 | 0.01 | 6.25 | 0.01 | 0 | 0 | 0 |
| Interest | 0.63 | 0.46 | 0.39 | 0.33 | 0.23 | 0.28 | 0.18 | 0.12 | 0.01 | 0.03 | 0 | 0 | 0 |
| Depreciation | 1.45 | 0.45 | 0.48 | 0.45 | 0.42 | 0.28 | 0.18 | 0.19 | 0.12 | 0.05 | 0.04 | 0.04 | 0.04 |
| PBT | −5.14 | −1.22 | −1.03 | −0.19 | −0.99 | −1.23 | 0.03 | −0.17 | 5.38 | −0.27 | −0.25 | 0 | 0.05 |
| Tax % | −45.91% | 0% | 154.37% | 263.16% | 0% | −7.32% | −1700% | 0% | 28.25% | −3.7% | 52% | — | — |
| Net Profit | −2.77 | −1.22 | −2.62 | −0.68 | −0.99 | −1.13 | 0.54 | −0.17 | 3.85 | −0.26 | −0.38 | −0.04 | 0.01 |
| EPS (₹) | −3.49 | −1.54 | −3.3 | −0.86 | −1.25 | −1.42 | 0.68 | −0.21 | 4.85 | −0.33 | −0.48 | −0.05 | 0.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 | 7.94 |
| Reserves | −2.57 | −3.78 | −6.4 | −7.09 | −8.08 | −9.21 | −8.67 | −8.84 | −4.99 | −5.25 | −5.63 | −5.67 |
| Borrowings | 3.49 | 4.15 | 4.09 | 2.86 | 3.56 | 2.56 | 2.44 | 2.57 | 0 | 0 | 0 | 3.83 |
| Other Liabilities | 1.26 | 0.59 | 0.91 | 1.42 | 1.37 | 1.36 | 1.71 | 1.48 | 1.6 | 0.57 | 0.57 | 0.69 |
| Total Liabilities | 10.12 | 8.9 | 6.54 | 5.13 | 4.79 | 2.65 | 3.42 | 3.15 | 4.55 | 3.26 | 2.88 | 6.79 |
| Fixed Assets | 5.16 | 4.72 | 4.25 | 3.33 | 3.17 | 1.36 | 1.37 | 1.28 | 0.18 | 0.14 | 0.11 | 0.07 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4.96 | 4.18 | 2.29 | 1.8 | 1.62 | 1.29 | 2.05 | 1.87 | 4.37 | 3.12 | 2.77 | 6.72 |
| Total Assets | 10.12 | 8.9 | 6.54 | 5.13 | 4.79 | 2.65 | 3.42 | 3.15 | 4.55 | 3.26 | 2.88 | 6.79 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2.59 | 0.56 | 0.73 | −0.37 | −0.37 | 0.03 | 0.29 | 0.07 | −1.34 | 0.22 | −0.23 | −3.83 |
| Investing | −0.27 | −0.02 | −0.08 | 1.91 | −0.11 | 1.26 | 0.01 | −0.1 | 7.2 | 0 | 0 | 0 |
| Financing | −1.94 | −0.97 | −0.1 | −1.55 | 0.48 | −1.28 | −0.3 | 0.02 | −5.86 | 0 | 0 | 3.83 |
| Net Cash Flow | 0.38 | −0.43 | 0.55 | 0 | 0 | 0.01 | 0 | −0.01 | 0 | 0.23 | −0.23 | 0 |
| Free Cash Flow | 2.33 | 0.54 | 0.66 | 1.53 | −0.49 | 1.29 | 0.31 | −0.03 | 5.86 | 0.23 | −0.23 | −3.83 |
| CFO/OP | −86 | −124 | −317 | 44 | 76 | −8 | 153 | 54 | 181 | −500 | 110 | −9,575 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16.84 | 51.55 | 32.11 | 77.79 | 50.34 | 28.08 | 228 | 133 | 195 | — | — | 0 |
| Inventory Days | 29.66 | 377 | 224 | 270 | 1,323 | 37.76 | — | — | — | — | — | — |
| Days Payable | 35.84 | 82.42 | 114 | 241 | 1,004 | 289 | — | — | — | — | — | — |
| Cash Conversion Cycle | 10.66 | 346 | 142 | 107 | 370 | −224 | 228 | 133 | 195 | — | — | 0 |
| Working Capital Days | −74.65 | −666 | −497 | −787 | −833 | −1,555 | −2,312 | −1,713 | 4,672 | — | — | 2,781 |
| ROCE % | −40.35% | −8.85% | −10.04% | −27.62% | −25.25% | −28.45% | 0.67% | −2.96% | −35.93% | −8.87% | −10% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Innocorp insights
58 extracted metrics across FY10–FY27.
Documents
- 11 Aug 2026
- General announcements 15 Oct 2026
Frequently Asked Questions about Innocorp
What does Innocorp Ltd do?
Incorporated in 1994, Innocorp Ltd is engaged in the manufacturing of plastic ware products.
Where is Innocorp Ltd (INNOCORP) listed?
Innocorp Ltd trades under code 531929 on the BSE.
Which sector does Innocorp Ltd belong to?
Innocorp Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Innocorp Ltd?
Innocorp Ltd trades at a PE ratio of 430.00 as of 4 Nov 2026, on earnings per share of ₹0.01, against a book value of ₹2.86 per share.
What is the 52-week high and low of Innocorp Ltd?
Over the last 52 weeks Innocorp Ltd has traded between ₹3.63 and ₹6.83 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Innocorp Ltd?
Innocorp Ltd reported a return on equity of -1.75%. Its debt-to-equity ratio is 1.69.
Company Information
Incorporated in 1994, Innocorp Ltd is engaged in the manufacturing of plastic ware products.
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