| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 432 | 338 | +27.8% |
| EBITDA | 49.6 | 20.5 | +141.7% |
| EBITDA margin | 11.5% | 6.1% | +5.4 pts |
| Profit before tax | 23.5 | −3.8 | — |
| Net profit | 18.6 | −7.2 | — |
| EPS | ₹1.84 | −₹0.74 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 867 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 55.7 | 55.7 | 80.6 | 169 | 182 | ||
| 729 | 729 | 660 | 773 | 816 | ||
| 1,541 | — | — | — | — | ||
| 1,469 | 1,375 | 1,282 | 1,063 | 1,114 | ||
| — | +7.3% | +20.6% | −4.5% | — | ||
| 124 | 94.5 | 147 | −23.6 | 91.8 | ||
| 8.4% | 6.9% | 11.5% | −2.2% | 8.2% | ||
| 52.7 | 24.6 | 78.4 | −91.7 | 47.8 | ||
| −1.7 | −27.5 | 13.7 | −121 | 137 | ||
| −0.1% | −2.0% | 1.1% | −11.4% | 12.3% | ||
| −₹0.17 | −₹2.82 | ₹1.40 | −₹12.40 | ₹14.03 | ||
| — | −300.5% | +111.3% | −188.4% | — | ||
| — | 88.5 | 112 | 43.8 | 57.7 | ||
| — | −61.4 | −31.0 | −73.5 | −257 | ||
| 27.1 | 27.1 | 81.2 | −29.7 | −199 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 867.4 | |
| - Cash, Equiv & ST Investments | 182.3 | 169.2 | 80.6 | 55.7 | 55.7 | |
| + Total Debt | 815.7 | 772.5 | 660.2 | 729.0 | 729.0 | |
| Enterprise Value | — | — | — | — | 1,540.7 | |
| Revenue | 1,114.1 | 1,063.4 | 1,282.1 | 1,375.2 | 1,469.1 | |
| Growth %, YoY | — | -4.5 | +20.6 | +7.3 | — | |
| EBITDA | 91.8 | -23.6 | 147.2 | 94.5 | 123.6 | |
| Margin % | 8.24 | -2.22 | 11.48 | 6.87 | 8.41 | |
| EBIT | 47.8 | -91.7 | 78.4 | 24.6 | 52.7 | |
| Net Income | 136.9 | -121.0 | 13.7 | -27.5 | -1.7 | |
| Margin % | 12.29 | -11.38 | 1.07 | -2.00 | -0.12 | |
| EPS, Adj (current shares) | 14.03 | -12.40 | 1.40 | -2.82 | -0.17 | |
| Growth %, YoY | — | -188.4 | +111.3 | -300.5 | — | |
| Cash from Operations | 57.7 | 43.8 | 112.2 | 88.5 | — | |
| Capital Expenditures | -256.6 | -73.5 | -31.0 | -61.4 | — | |
| Free Cash Flow | -198.9 | -29.7 | 81.2 | 27.1 | 27.1 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Ester Industries (NSE: ESTER) had a market capitalisation of ₹922 crore at the 30 October 2026 close (₹88.38 a share) and a price-to-book ratio of 1.18. In FY26 its consolidated net loss was ₹27.5 crore on revenue of ₹1,375 crore; in Q1 FY27 (April–June 2026) it was ₹18.6 crore. Its debt-to-equity ratio was 0.93 on 31 March 2026. Promoters held 62.31% of the shares on 30 September 2026.
Ester Industries' PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹1.7 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹922 crore at ₹88.38 a share.
Ester Industries' price-to-book (PB) ratio is 1.18 at the 30 October 2026 close: a market capitalisation of ₹922 crore divided by shareholders' equity (book value) of ₹783 crore on 31 March 2026. That is a book value of ₹75.05 per share against a share price of ₹88.38.
Ester Industries' book value per share was ₹75.05 on 31 March 2026: shareholders' equity of ₹783 crore divided by the 10.43 crore shares in issue, down 8.6% from ₹82.15 a year earlier. The share price at the 30 October 2026 close was ₹88.38.
Ester Industries' market capitalisation was ₹922 crore at the 30 October 2026 close: 10.43 crore shares at ₹88.38 each.
Ester Industries' basic earnings per share (EPS) were −₹2.82 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹0.24.
In 2026, Ester Industries has declared one dividend: ₹0.25 with record date 17 September 2026.
No. Ester Industries had borrowings of ₹729 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.93. Its cash and current investments were ₹159 crore, so its net debt was ₹570 crore.
Ester Industries' debt-to-equity ratio was 0.93 on 31 March 2026: borrowings of ₹729 crore against total equity of ₹783 crore. A year earlier, on 31 March 2025, it was 0.85.
Ester Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹783 crore on 31 March 2026, up 1.3% from ₹773 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹922 crore at the 30 October 2026 close.
In FY26, Ester Industries' return on equity (ROE) was −3.5% and its return on capital employed (ROCE) was 2.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 1.8% and ROCE 6.4%.
On 30 September 2026, Ester Industries' shares were held by promoters 62.31%, foreign portfolio investors (FII/FPI) 0.12%, domestic institutions (DII) 0.16% (including mutual funds at 0.01%) and retail and other non-institutional investors 37.42%. Over the year, FII holding was up 0.09 percentage points from 0.03% and DII holding was up 0.11 percentage points from 0.05%.
Ester Industries' latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹18.6 crore, against a loss of ₹7.2 crore in Q1 FY26; revenue from operations ₹432 crore, up 27.8% year on year.
Ester Industries' dividend yield is 0.28% at the 30 October 2026 close: dividends of ₹0.25 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹88.38. They were ₹0.25 on 17 September 2026.
Promoters held 62.31% of Ester Industries on 30 September 2026, down 0.01 percentage points from 62.32% the previous quarter and down 0.42 percentage points from 62.73% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Ester Industries generated ₹88.5 crore of cash from operations and spent ₹61.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹27.1 crore. In FY25 it was ₹81.2 crore.
In FY26 (April 2025–March 2026), Ester Industries' consolidated net loss was ₹27.5 crore, against a profit of ₹13.7 crore in FY25, on revenue from operations of ₹1,375 crore (up 7.3%).
Ester Industries will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Dhunseri Ventures, Oricon Enterprises and Commercial Syn Bags: Ester Industries' operating margin of 1.8% is the second highest of the four (Dhunseri Ventures −23.6%, Oricon Enterprises −119.6%, Commercial Syn Bags 9.6%; peer average −44.5%); its return on equity of −3.5% is the lowest of the four (Dhunseri Ventures 4.8%, Oricon Enterprises 2.1%, Commercial Syn Bags 16.1%; peer average 7.7%).
In FY26, Ester Industries earned net profit of ₹27.5 crore on revenue of ₹1,375 crore, against ₹91 crore on ₹372 crore for Dhunseri Ventures. Ester Industries' operating margin was 1.8% (Dhunseri Ventures −23.6%) and its return on equity −3.5% (Dhunseri Ventures 4.8%). At the 30 October 2026 close, Ester Industries' market capitalisation was ₹922 crore against ₹937 crore for Dhunseri Ventures.
From Ester Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.