In ₹ Crore except Per Share Latest Annual	BORORENEW FY26	BALUFORGE FY26	AZAD FY26	AXISCADES FY26	Peer Average
Valuation — at last close
P/E	41.51×	◆ 18.95×	123.18×	118.14×	86.76× -52%
P/B	3.65×	◆ 3.45×	10.70×	11.69×	8.61× -58%
EV/EBITDA	◆ 11.39×	18.48×	73.83×	49.23×	47.18× -76%
Market Cap	₹5,517 Cr	₹5,497 Cr	₹16,364 Cr	₹8,505 Cr	₹10,122 Cr -45%
Growth
Revenue CAGR 3Y	20.28%	—	◆ 32.11%	12.15%	22.13% -8%
Revenue CAGR 5Y	◆ 25.37%	—	—	17.21%	17.21% +47%
Net Income CAGR 3Y	21.72%	—	—	—	—
Revenue YoY (latest Q)	4.71%	◆ 28.95%	25.90%	-24.77%	10.03% -53%
Net Income YoY (latest Q)	11.69%	15.89%	◆ 19.46%	-170.76%	-45.14% +126%
Profitability
EBITDA Margin	28.35%	27.05%	◆ 37.37%	15.32%	26.58% +7%
Net Income Margin	8.19%	◆ 23.38%	22.15%	6.22%	17.25% -53%
Return on Common Equity	10.29%	◆ 19.56%	9.09%	10.45%	13.03% -21%
Return on Capital Employed	◆ 24.48%	21.44%	9.78%	15.12%	15.45% +58%
Return on Assets	7.77%	◆ 16.69%	6.58%	5.56%	9.61% -19%
Credit & Quality
Total Debt/Equity	0.11×	◆ 0.08×	0.30×	0.38×	0.25× -57%
Interest Coverage	◆ 24.37×	17.60×	5.60×	4.30×	9.17× +166%
Scale — latest FY
Revenue / Total Income	₹1,556 Cr	₹1,107 Cr	₹603 Cr	₹1,159 Cr	₹956 Cr +63%
Net Income	₹127 Cr	₹259 Cr	₹134 Cr	₹72.1 Cr	₹155 Cr -18%
Total Assets	₹1,825 Cr	₹1,851 Cr	₹2,200 Cr	₹1,466 Cr	₹1,839 Cr -1%
EPS	₹9.48	₹23.9	₹20.57	₹16.92	₹20.46 -54%
Book Value per Share	₹107.77	₹131.35	₹236.74	₹170.99	₹179.69 -40%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.