Ester Industries
Industrial Products
ESTER NSE
₹88.56 +1.00 (+1.14%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹88.56 −19.76 −18.2% 1Y
Start ₹108.32
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 2.75%
- Debt to Equity
- 0.93
- EPS (TTM)
- −₹0.29
- Book Value
- ₹85.11
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 1.04
- ROE
- −3.56%
- Dividend Yield
- 0.29%
- EBITDA
- ₹112 Cr
- 52W High
- ₹120.00
- 52W Low
- ₹68.55
- Day Range
- ₹87.30 – ₹90.00
- Volume
- 37,466
Peer Comparison
Industrials › Industrial Products › Packaging
| ₹223.99 | 18.51 | ₹7,224 Cr | 2.52 | 1.11% | 15.70% | 17.80% | ₹5,043 Cr | ₹393 Cr | |
| ₹581.40 | 6.15 | ₹4,177 Cr | 0.52 | 0.54% | 4.27% | 7.03% | ₹16,866 Cr | ₹682 Cr | |
| ₹656.75 | 11.71 | ₹4,174 Cr | 1.68 | 1.11% | 15.80% | 19.50% | ₹2,763 Cr | ₹364 Cr | |
| ₹4,525.00 | 36.74 | ₹3,938 Cr | 5.73 | 0.60% | 15.50% | 17.90% | ₹1,801 Cr | ₹112 Cr | |
| ₹697.65 | — | ₹3,044 Cr | 1.03 | 0.84% | −0.97% | −1.99% | ₹2,339 Cr | −₹991 Cr | |
| ₹920.85 | 18.61 | ₹2,919 Cr | 0.68 | 0.33% | 0.54% | 0.89% | ₹7,601 Cr | ₹273 Cr | |
| ₹187.59 | 18.21 | ₹2,304 Cr | 3.18 | 0.00% | 43.60% | 35.30% | ₹1,026 Cr | ₹107 Cr | |
| Ester Industries (this company) | ₹88.56 | — | ₹919 Cr | 1.04 | 0.29% | −3.56% | 2.75% | ₹1,469 Cr | −₹1 Cr |
| Median 8 companies | ₹619.08 | 18.36 | ₹3,491 Cr | 1.36 | 0.57% | 9.89% | 12.42% | ₹2,551 Cr | ₹193 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
47 Average
Data confidence 93/100
Category scores
- Quality
- 36
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 73
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 38
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 17
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 29
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 57
- 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
1- Stock is trading at 1.19 times its book value
Weaknesses
5- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.40%
- The company has delivered a poor sales growth of 6.76% over past five years.
- Company has a low return on equity of -6.55% over last 3 years.
- Contingent liabilities of Rs.514 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 7 | 1 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 9 | 0 | 1 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
11
Neutral
7
Bullish
1
Moving Averages
Strong Bearish
Bearish
9
Neutral
0
Bullish
1
Key readings
- RSI (14)
- 47.26
- Neutral
- MACD (12,26,9)
- −0.95
- Bearish
- SMA (50)
- 90.73
- Bearish
- SMA (200)
- 92.44
- 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 | +6.00% |
|---|---|
| 5Y | +6.75% |
| 3Y | +7.27% |
| 1Y | +7.25% |
| TTM | +10.12% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | +0.95% |
|---|---|
| 5Y | −9.43% |
| 3Y | +15.34% |
| 1Y | −20.54% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −2.48 pp |
|---|---|
| 5Y | −16.53 pp |
| 3Y | −1.59 pp |
| 1Y | −4.71 pp |
| TTM | −3.45 pp |
Revenue by year
| Mar 2013 | ₹884 Cr |
|---|---|
| Mar 2014 | ₹928 Cr |
| Mar 2015 | ₹895 Cr |
| Mar 2016 | ₹768 Cr |
| Mar 2021 | ₹992 Cr |
| Mar 2022 | ₹1,110 Cr |
| Mar 2023 | ₹1,114 Cr |
| Mar 2024 | ₹1,063 Cr |
| Mar 2025 | ₹1,282 Cr |
| Mar 2026 | ₹1,375 Cr |
Net profit by year
| Mar 2013 | −₹5.00 Cr |
|---|---|
| Mar 2014 | ₹8.00 Cr |
| Mar 2015 | ₹4.00 Cr |
| Mar 2016 | ₹5.00 Cr |
| Mar 2021 | ₹137 Cr |
| Mar 2022 | ₹137 Cr |
| Mar 2023 | ₹137 Cr |
| Mar 2024 | −₹121 Cr |
| Mar 2025 | ₹14.00 Cr |
| Mar 2026 | −₹27.00 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 258 | 261 | 268 | 277 | 286 | 331 | 346 | 319 | 338 | 354 | 339 | 344 | 432 | 444 |
| Expenses | 257 | 272 | 287 | 271 | 275 | 291 | 286 | 283 | 318 | 340 | 323 | 302 | 383 | 403 |
| Operating Profit | 0 | −10 | −20 | 6 | 11 | 40 | 60 | 36 | 20 | 14 | 16 | 42 | 49 | — |
| OPM % | 0% | −3.9% | −7% | 2.2% | 3.9% | 12% | 17% | 11% | 6% | 4% | 4.8% | 12% | 11% | — |
| Other Income | 9 | 10 | 5 | 3 | 6 | 3 | 5 | 3 | 9 | 3 | 5 | 1 | 10 | — |
| Interest | 17 | 18 | 18 | 18 | 17 | 18 | 16 | 16 | 15 | 17 | 16 | 16 | 17 | 17 |
| Depreciation | 16 | 17 | 17 | 18 | 17 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 | 18 |
| PBT | −24 | −35 | −50 | −27 | −17 | 7 | 31 | 6 | −4 | −17 | −13 | 9 | 24 | 10 |
| Tax % | −6% | −13% | −10% | −11% | −3% | 55% | 21% | 69% | 88% | −8% | −2% | 17% | 21% | 21% |
| Net Profit | −22 | −30 | −45 | −24 | −16 | 3 | 25 | 2 | −7 | −16 | −12 | 8 | 19 | 8 |
| EPS (₹) | −2.65 | −3.65 | −5.37 | −2.52 | −1.71 | 0.32 | 2.64 | 0.21 | −0.73 | −1.62 | −1.27 | 0.81 | 1.79 | — |
Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 671 | 698 | 884 | 928 | 895 | 768 | 992 | 1,110 | 1,114 | 1,063 | 1,282 | 1,375 | 1,469 |
| Expenses | 448 | 663 | 842 | 853 | 823 | 698 | 760 | 939 | 1,022 | 1,086 | 1,135 | 1,282 | 1,347 |
| Operating Profit | 223 | 35 | 42 | 74 | 72 | 71 | 231 | 171 | 93 | −23 | 147 | 93 | 122 |
| OPM % | 33% | 5% | 4.8% | 8% | 8% | 9% | 23% | 15% | 8% | −2.1% | 12% | 7% | 8% |
| Other Income | 1 | 6 | 5 | 5 | 3 | 5 | 8 | 60 | 137 | 26 | 16.9 | 17.53 | 19 |
| Interest | 13 | 35 | 26 | 35 | 37 | 36 | 19 | 25 | 36 | 70 | 67 | 65 | 67 |
| Depreciation | 18 | 27 | 29 | 30 | 32 | 32 | 35 | 37 | 44 | 68 | 69 | 70 | 71 |
| PBT | 193 | −21 | −8 | 14 | 5 | 7 | 185 | 169 | 149 | −135 | 28 | −24 | 3 |
| Tax % | 33% | −34% | −32% | 41% | 21% | 33% | 26% | 19% | 8% | −10% | 51% | 13% | — |
| Net Profit | 129 | −14 | −5 | 8 | 4 | 5 | 137 | 137 | 137 | −121 | 14 | −27 | −2 |
| EPS (₹) | 20.58 | −2.21 | −0.84 | 1.33 | 0.61 | 0.55 | 16.49 | 16.39 | 16.42 | −12.88 | 1.46 | −2.81 | −0.29 |
| Div. Payout % | 19% | 0% | 0% | 38% | 0% | 0% | 21% | 20% | 3% | 0% | 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. | — |
Balance Sheet
₹ Cr| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 42 | 42 | 42 | 42 | 47 | 47 | 49 |
| Reserves | 246 | 232 | 226 | 232 | 241 | 250 | 470 | 580 | 702 | 671 | 726 | 734 |
| Borrowings | 224 | 304 | 335 | 363 | 376 | 316 | 208 | 639 | 816 | 773 | 660 | 729 |
| Other Liabilities | 122 | 60 | 60 | 72 | 67 | 80 | 142 | 168 | 155 | 153 | 140 | 162 |
| Total Liabilities | 623 | 627 | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 | 1,674 |
| Fixed Assets | 363 | 350 | 376 | 390 | 399 | 385 | 377 | 390 | 979 | 989 | 977 | 978 |
| CWIP | 5 | 17 | 5 | 18 | 12 | 23 | 76 | 435 | 79 | 83 | 39 | 36 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 154 | 69 | 75 | 78 |
| Other Assets | 254 | 258 | 272 | 290 | 303 | 280 | 407 | 604 | 503 | 502 | 482 | 581 |
| Total Assets | 623 | 627 | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 | 1,674 |
Cash Flow
₹ Cr| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 83 | 47 | 23 | 52 | 68 | 81 | 146 | 62 | 58 | 44 | 112 | 89 |
| Investing | −222 | −36 | −27 | −57 | −36 | −20 | −147 | −392 | −199 | 42 | −56 | −116 |
| Financing | 140 | −9 | 4 | −2 | −18 | −75 | 3 | 384 | 114 | −14 | −133 | 6 |
| Net Cash Flow | 1 | 3 | 0 | −7 | 14 | −14 | 2 | 54 | −28 | 72 | −77 | −21 |
| Free Cash Flow | −138 | 11 | −14 | −5 | 32 | 58 | 10 | −352 | −198 | −28 | 82 | 27 |
| CFO/OP | 59 | 143 | 54 | 69 | 97 | 117 | 83 | 69 | 73 | −202 | 78 | 101 |
Ratios
| Particulars | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 44 | 45 | 49 | 48 | 53 | 56 | 64 | 50 | 51 | 48 | 49 |
| Inventory Days | 86 | 77 | 69 | 69 | 74 | 96 | 98 | 110 | 88 | 70 | 74 | 86 |
| Days Payable | 67 | 14 | 11 | 11 | 11 | 17 | 27 | 34 | 17 | 31 | 22 | 27 |
| Cash Conversion Cycle | 85 | 107 | 103 | 106 | 111 | 132 | 126 | 139 | 121 | 90 | 101 | 108 |
| Working Capital Days | 38 | 27 | 16 | −4 | −7 | 0 | 51 | 65 | 14 | −25 | 13 | 7 |
| ROCE % | 56% | 3% | 3% | 8% | 7% | 7% | — | 14% | 4% | −5% | 6% | 3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ester Industries insights
64 extracted metrics across FY11–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Concall · May 2026Transcript PPT
- Q3 FY26 concall · Feb 2026Transcript PPT
- Q2 FY26 concall · Nov 2025Transcript PPT
- Q1 FY26 concall · Aug 2025Transcript PPT
- 24 Sep 2026
- 22 Jul 2025
- 27 Dec 2024
- 13 May 2024
- 15 Dec 2023
- General announcements 2 Nov 2026
- General announcements 2 Nov 2026
- General announcements 7 Oct 2026
Frequently Asked Questions about Ester Industries
What does Ester Industries Ltd do?
Incorporated in 1985, Ester Industries Ltd is a manufacturer of polyester film and engineering plastics.
Where is Ester Industries Ltd (ESTER) listed?
Ester Industries Ltd trades as ESTER on the NSE and under code 500136 on the BSE.
Which sector does Ester Industries Ltd belong to?
Ester Industries Ltd is classified under the Industrial Products sector, in the Packaging industry.
What is the 52-week high and low of Ester Industries Ltd?
Over the last 52 weeks Ester Industries Ltd has traded between ₹68.55 and ₹120 as of 4 Nov 2026.
Does Ester Industries Ltd pay dividends?
Ester Industries Ltd has a dividend yield of 0.29%.
What is the Return on Equity (ROE) of Ester Industries Ltd?
Ester Industries Ltd reported a return on equity of -3.56%. Its debt-to-equity ratio is 0.93.
Company Information
Incorporated in 1985, Ester Industries Ltd is a manufacturer of polyester film and engineering plastics.
Website esterindustries.com
CEO Mr. Arvind Singhania B. Com
Employees 521
Listed 20 Jun 2011
Face Value ₹5
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