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Pokarna

POKARNA NSE

Key Fundamentals

MicrocapGranites & MarblesConsumer Goods
Market Cap
₹2,385 Cr
Volatility
Low Risk
P/E Ratio
26.27
EBITDA
₹190 Cr
Return on Equity
9.41%
Debt to Equity
0.53
Book Value
₹276.41
EPS
₹33.94
52W High
₹1,146.2
52W Low
₹692.6

Tapetide Score

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

Key Insights

Strengths

1
  • Company's working capital requirements have reduced from 46.4 days to 22.6 days

Weaknesses

2
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 76.3 to 92.1 days.

Growth Rate

Revenue Growth
-37.59% lower than 3Y
Net Income Growth
-56.99% lower than 3Y
Cash Flow Change
-4.06% lower than 3Y
ROE
-60.94% lower than 3Y
ROCE
-60.03% lower than 3Y
EBITDA Margin (Avg.)
-12.42% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Pokarna Ltd is a quartz-surfaces-dominated company (approximately 97% of revenue) that delivered strong FY25 revenue of ₹930 Cr (+35% YoY) but saw a sharp reversal in FY26 with revenue falling to ₹572 Cr (-39% YoY) and net profit declining to ₹81 Cr (-57% YoY). The stock trades at a PE of 39.4x on a market cap of ₹3,153 Cr, reflecting either residual optimism from prior growth years or a premium yet to correct for the earnings decline.

Bull Case 7
  • Strong long-term profit compounding: 5-year compounded profit growth of 23% CAGR demonstrates the business can scale earnings over cycles
  • Healthy operating margin of 28.2% in FY26 despite a severe revenue decline, indicating pricing power and cost discipline in the quartz segment
  • Significant working capital improvement: working capital days reduced from 46.4 to 22.6, freeing up cash and improving capital efficiency
  • 5-year stock CAGR of 25% and 10-year CAGR of 19%, showing sustained long-term wealth creation track record
  • 3-year ROE average of 17% and 5-year ROE average of 17% indicate consistent return generation on equity over medium-term horizons
  • Interest expense declined from ₹48.3 Cr in FY23 to ₹29.8 Cr in FY26, a 38% reduction suggesting deleveraging progress
  • FY25 demonstrated high operating leverage with revenue growing 35% and net profit surging 115% (₹87 Cr to ₹188 Cr), showing earnings can rebound sharply when demand recovers
Bear Case 8
  • FY26 revenue collapsed 38.5% YoY from ₹930 Cr to ₹572 Cr, and Q4 FY26 revenue fell 43.9% YoY to ₹147 Cr — a severe and accelerating top-line decline
  • TTM net profit declined 57% and EPS fell from ₹60.5 in FY25 to ₹26 in FY26, yet the stock trades at a PE of 39.4x — expensive relative to sharply deteriorating earnings
  • Debtor days have increased from 76.3 to 92.1 days, indicating collection challenges and potential customer stress in export markets
  • Near-total revenue concentration in quartz surfaces (~97% of sales) with the granite segment under pressure from competition and weak Chinese demand creates single-product risk
  • Company might be capitalizing interest costs, which could overstate reported profitability and asset values
  • Last year ROE dropped to 10% from a 5-year average of 17%, signalling deteriorating capital efficiency
  • Dividend yield of just 0.06% with payout ratio of ~2.3% provides virtually no income cushion during a downturn
  • US regulatory and competitive risks: increasing competition from engineered stone alternatives and potential anti-dumping or silicosis-related restrictions in key export markets

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Neutral 2
  • BRSR filed for FY 2025-26 Jul 1

    Pokarna filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing 90% sustainable sourcing and zero liquid discharge.

  • 35th AGM scheduled Jul 27 Jun 25

    Pokarna will hold its 35th AGM on July 27, 2026 via video conferencing to discuss financial results and declare dividends.

TL;DR: Recent news flow for Pokarna is purely procedural with no material positive or negative catalysts. The company's BRSR highlights strong sustainability metrics (90% sustainable sourcing, zero liquid discharge), which reflects operational discipline but is unlikely to move the stock near-term. With no headwinds or bullish triggers in the latest cycle, the trend is neutral pending AGM outcomes and any dividend announcement on July 27.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
162
200
165
162
193
251
224
263
171
118
135
147
189
Expenses
115
131
111
121
132
165
146
162
116
95
94
102
121
Operating Profit
46
68
53
41
61
86
78
101
55
24
41
45
68
OPM %
29%
34%
32%
25%
32%
34%
35%
38%
32%
20%
30%
31%
36%
Other Income
2
5
0
2
5
2
11
3
3
7
7
8
6
Interest
10
11
9
9
9
9
9
10
8
9
8
5
5
Depreciation
11
10
11
11
11
11
11
12
12
12
12
12
12
PBT
27
52
34
23
46
69
69
82
38
10
28
35
57
Tax %
34%
37%
38%
32%
28%
34%
27%
29%
25%
36%
27%
28%
26%
Net Profit
18
33
21
16
33
45
51
59
28
6
20
26
43
EPS in Rs
5.78
10.55
6.85
5
10.67
14.5
16.32
19
9.12
2.04
6.57
8.26
13.74
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
324
391
365
335
459
393
295
650
725
687
925
571
590
Expenses
239
256
234
240
315
262
212
473
553
477
598
403
413
Operating Profit
85
134
131
95
144
132
83
176
171
211
327
168
178
OPM %
26%
34%
36%
28%
31%
33%
28%
27%
24%
31%
35%
29%
30%
Other Income
15
-12
10
6
9
5
6
7
9
8
21
22
29
Interest
34
38
33
30
27
23
22
42
49
40
38
30
27
Depreciation
23
18
17
20
26
23
21
39
40
43
44
49
49
PBT
43
66
90
51
101
91
45
102
91
136
266
111
130
Tax %
28%
22%
22%
17%
20%
22%
37%
23%
28%
36%
29%
27%
—
Net Profit
31
51
70
42
81
71
28
78
66
87
188
81
95
EPS in Rs
10.12
16.52
22.66
13.62
26.02
22.81
9.12
25.25
21.23
28.18
60.49
26
30.61
Div. Payout %
6%
12%
3%
4%
2%
3%
7%
2%
3%
2%
1%
2%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
6
6
6
6
6
6
6
6
Reserves
47
91
145
185
264
332
359
437
501
586
772
851
Borrowings
290
272
271
255
238
288
312
515
459
401
370
458
Other Liabilities
85
99
76
60
89
292
325
214
138
221
256
298
Total Liabilities
428
468
497
506
597
918
1,003
1,172
1,104
1,215
1,403
1,613
Fixed Assets
241
239
260
270
259
269
699
758
733
710
793
787
CWIP
6
20
3
3
55
431
65
1
1
65
41
386
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
182
209
235
234
283
218
239
412
371
440
569
440
Total Assets
428
468
497
506
597
918
1,003
1,172
1,104
1,215
1,403
1,613
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
61
106
111
77
108
379
98
59
136
188
191
183
Investing
-15
-30
-31
-28
-64
-386
-84
-210
-25
-32
-82
-309
Financing
-41
-75
-65
-52
-44
-1
-12
161
-114
-108
-101
62
Net Cash Flow
5
0
16
-3
1
-7
1
10
-3
47
8
-64
Free Cash Flow
45
74
79
47
41
-12
11
-156
103
149
96
-142
CFO/OP
75
88
103
103
91
300
131
42
96
104
75
131
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
78
73
67
76
54
31
54
80
55
64
73
92
Inventory Days
311
354
468
466
251
272
463
285
218
242
185
319
Days Payable
126
97
134
137
98
102
192
167
71
110
105
112
Cash Conversion Cycle
264
330
401
405
208
202
325
198
202
195
153
299
Working Capital Days
4
2
20
38
8
-11
-31
30
55
64
52
23
ROCE %
20%
34%
31%
19%
27%
20%
10%
18%
15%
18%
28%
11%

Insights

Beta

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

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Shareholding Pattern

Others5.66%Promot.56.66%FIIs6.91%Public15.13%DIIs15.64%As ofJun 2026

Documents

Frequently Asked Questions about Pokarna

What does Pokarna Ltd do?
Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong pres...
Where is Pokarna Ltd (POKARNA) listed?
Pokarna Ltd trades as POKARNA on the NSE and under code 532486 on the BSE.
Which sector does Pokarna Ltd belong to?
Pokarna Ltd is classified under the Consumer Goods sector, in the Granites & Marbles industry.
What is the market capitalisation of Pokarna Ltd?
Pokarna Ltd has a market capitalisation of ₹2,385 Cr, which places it in the Small Cap band.
What is the PE ratio of Pokarna Ltd?
Pokarna Ltd trades at a PE ratio of 26.27, on earnings per share of ₹33.94, against a book value of ₹276.41 per share.
What is the 52-week high and low of Pokarna Ltd?
Over the last 52 weeks Pokarna Ltd has traded between ₹692.6 and ₹1,146.2.
Does Pokarna Ltd pay dividends?
Pokarna Ltd has a dividend yield of 0.08%.
What is the Return on Equity (ROE) of Pokarna Ltd?
Pokarna Ltd reported a return on equity of 9.41%. Its debt-to-equity ratio is 0.53.

Company Information

Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]

Website pokarna.com
CEO Mr. Gautam Chand C. Jain B.Com
Employees 170
Listed 2016-07-07
Face Value ₹ 2
Issued Size 3,10,04,000

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