---
title: "Ecoline Exim Ltd (ECOLINE) — Share Price, Financials & Analysis"
symbol: "ECOLINE"
company: "Ecoline Exim Ltd"
canonical: "https://tapetide.com/stocks/ECOLINE"
isin: "INE0VBS01016"
nse_symbol: "ECOLINE"
sector: "Industrial Products"
industry: "Packaging"
market_cap_cr: 350.81
generated_at: "2026-09-13T18:57:35.790Z"
---

# Ecoline Exim Ltd (ECOLINE)

Canonical page: https://tapetide.com/stocks/ECOLINE

## Company

- **NSE Symbol:** ECOLINE
- **ISIN:** INE0VBS01016
- **Sector:** Industrial Products
- **Industry:** Packaging
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ecoline.net.in

## About

Incorporated in 2008, Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.[1]

## Latest Price

- **Price:** ₹167.5
- **Change:** -3.5 (-2.05%)
- **Open:** ₹171
- **Day High:** ₹171
- **Day Low:** ₹165
- **Previous Close:** ₹171
- **Volume:** 17000
- **As Of:** 2026-09-11T09:59:33+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:45.745744Z.

- **Market Cap:** ₹350.81 Cr
- **Classification:** SME
- **P/E (reported):** 17.4
- **Book Value:** ₹79.98
- **Price to Book:** 2.14
- **Dividend Yield:** 0%
- **ROE:** 30.44%
- **ROCE:** 40.87%
- **Debt to Equity:** 0.36
- **Revenue (yearly):** ₹280.6 Cr
- **Net Income:** ₹21.8 Cr
- **EBITDA:** ₹33.7 Cr
- **52-Week High:** ₹216
- **52-Week Low:** ₹111
- **RSI (14):** 34.83

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 68.22 | 9% |
| growth | 40.02 | 9% |
| momentum | 94.93 | 12% |
| ownership | 87.14 | 24% |
| quality | 52.75 | 22% |
| valuation | 42.68 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Promoter holding has increased by 0.99% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.8.24 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 48.08% | 250.75% | 533.69% |
| ebitda margin growth | 23.54% | 128.08% | — |
| net income growth | 22.47% | 3% | — |
| revenue growth | -9.69% | -3% | — |
| roce | -13.48% | 129.22% | — |
| roe | -15.89% | 25.97% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 131 | 138 | 139 | 139 |
| Expenses | 115 | 127 | 124 | 130 |
| Operating Profit | 16 | 11 | 15 | 9 |
| OPM % | 12 | 8 | 11 | 6 |
| Other Income | 3 | 1 | 5 | 4 |
| Interest | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 16 | 9 | 17 | 10 |
| Tax % | 25 | 26 | 25 | 26 |
| Net Profit | 12 | 7 | 13 | 7 |
| EPS in Rs | 7.5 | 4.14 | 6.29 | 3.55 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 198 | 303 | 269 | 277 |
| Expenses | 190 | 280 | 242 | 253 |
| Operating Profit | 9 | 23 | 27 | 25 |
| OPM % | 4.3 | 8 | 10 | 9 |
| Other Income | 2 | 7 | 4 | 8 |
| Interest | 2 | 3 | 2 | 3 |
| Depreciation | 3 | 3 | 3 | 3 |
| Profit before tax | 5 | 24 | 25 | 27 |
| Tax % | 33 | 28 | 25 | 25 |
| Net Profit | 4 | 17 | 19 | 20 |
| EPS in Rs | 31.16 | 150.16 | 11.64 | 9.84 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 16 | 21 |
| Reserves | 29 | 47 | 72 | 144 |
| Borrowings | 41 | 42 | 40 | 60 |
| Other Liabilities | 20 | 13 | 18 | 23 |
| Total Liabilities | 92 | 103 | 146 | 247 |
| Fixed Assets | 16 | 17 | 14 | 12 |
| CWIP | 0 | 0 | 0 | 12 |
| Investments | 2 | 3 | 14 | 15 |
| Other Assets | 74 | 82 | 118 | 208 |
| Total Assets | 92 | 103 | 146 | 247 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -13 | 9 | -5 | 2 |
| Cash from Investing Activity | -3 | -1 | 1 | -10 |
| Cash from Financing Activity | 16 | -1 | -7 | 73 |
| Net Cash Flow | 0 | 6 | -11 | 65 |
| Free Cash Flow | -21 | 4 | -7 | -9 |
| CFO/OP | -131 | 67 | 6 | 35 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 59 | 48 | 60 | 43 |
| Inventory Days | 104 | 59 | 124 | 155 |
| Days Payable | 59 | 19 | 36 | 38 |
| Cash Conversion Cycle | 104 | 89 | 148 | 160 |
| Working Capital Days | 35 | 30 | 62 | 51 |
| ROCE % | — | 33 | — | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 73.58% | 74.57% |
| FIIs | 1.61% | 1.32% |
| DIIs | 0% | 8.44% |
| Government | 0% | 0% |
| Public | 15.32% | 7.5% |
| Others | 9.49% | 8.17% |
| No. of Shareholders | 11 | 546 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 3 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 175.69 | Sell |
| EMA (10) | 174.52 | Sell |
| SMA (20) | 178.82 | Sell |
| EMA (20) | 178.81 | Sell |
| SMA (50) | 189.73 | Sell |
| EMA (50) | 182.07 | Sell |
| SMA (100) | 173.05 | Sell |
| EMA (100) | 174.24 | Sell |
| SMA (200) | 152.03 | Buy |
| EMA (200) | 153.8 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.72 | Neutral |
| MACD (12,26,9) | -5.08 | Sell |
| Stochastic (14,3,3) | 9.39 | Buy |
| ADX (14) | 27.66 | Buy |
| Williams %R (14) | -86.11 | Buy |
| ATR (14) | 6.51 | High Volatility |
| ROC (12) | -8.47 | Sell |
| Stoch RSI (14) | 3.62 | Buy |
| UO (7,14,28) | 53.31 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 May 2026 - Ecoline Exim opened corporate office at 187/A, Badu Road, Digberia, from 9 May 2026; registered office unchanged. | [Address Change 9 May 2026 - Ecoline Exim opened corporate office at 187/A, Badu Road, Digberia, from 9 May 2026; registered office unchanged.](https://nsearchives.nseindia.com/corporate/ECOLINE_09052026180408_Covering_Letter_Signed.pdf) |
| 9 May 2026 - CFO Nitesh Agrawal resigns effective 6 June 2026 due to office relocation. | [Resignation 9 May 2026 - CFO Nitesh Agrawal resigns effective 6 June 2026 due to office relocation.](https://nsearchives.nseindia.com/corporate/ECOLINE_09052026181926_Covering_Letter_Signed.pdf) |
| 9 May 2026 - Board approved audited standalone financial results for year ended 31 March 2026. | [Outcome of Board Meeting 9 May 2026 - Board approved audited standalone financial results for year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/ECOLINE_09052026171327_Financial_Results_final.pdf) |
| 9 June 2026 - Ecoline Exim filed promoter disclosure under Regulation 31(4) for year ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 9 June 2026 - Ecoline Exim filed promoter disclosure under Regulation 31(4) for year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_27052026163431_ECOLINE.pdf) |
| 9 Jun - Ecoline Exim to present at Hem Securities virtual investor event on 16 June 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 Jun - Ecoline Exim to present at Hem Securities virtual investor event on 16 June 2026.](https://nsearchives.nseindia.com/corporate/ECOLINE_09062026222917_Investors_Meeting_signed.pdf) |
| 30 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026. | [Structural Digital Database 30 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/ECOLINE_30052026194614_SDD_Final_Signed.pdf) |
| 29 May 2026 - Ecoline Exim says Regulation 24A is not applicable; no annual secretarial compliance report required. | [Updates 29 May 2026 - Ecoline Exim says Regulation 24A is not applicable; no annual secretarial compliance report required.](https://nsearchives.nseindia.com/corporate/ECOLINE_29052026132031_Covering_letter_Signed.pdf) |
| 27 March 2026 - Ecoline Exim Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | [Trading Window 27 March 2026 - Ecoline Exim Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015](https://nsearchives.nseindia.com/corporate/ECOLINE_27032026152404_Trading_Window_Closure_Letter_Signed.pdf) |
| 26 November 2025 - Ecoline Exim Limited has informed about Schedule of meet | [Analysts/Institutional Investor Meet/Con. Call Updates 26 November 2025 - Ecoline Exim Limited has informed about Schedule of meet](https://nsearchives.nseindia.com/corporate/ECOLINE_26112025203444_Covering_Letter_S.pdf) |
| 21 May 2026 - Q4 FY26 earnings call transcript; FY26 revenue INR286.88 crore, PAT INR20.18 crore, order book INR95 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 21 May 2026 - Q4 FY26 earnings call transcript; FY26 revenue INR286.88 crore, PAT INR20.18 crore, order book INR95 crore.](https://nsearchives.nseindia.com/corporate/ECOLINE_21052026145100_Transcript_Signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30663_ECOLINE_2025_2026_A_3126430_26082026165737.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/ECOLINE_17112025190357_Transcript_Final.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:35.790Z.