Ester Industries Ltd
Incorporated in 1985, Ester Industries Ltd is a manufacturer of polyester film and engineering plastics.[1]
- Market Cap ₹ 1,176 Cr.
- Current Price ₹ 121
- High / Low ₹ 178 / 105
- Stock P/E 85.9
- Book Value ₹ 82.2
- Dividend Yield 0.00 %
- ROCE 6.51 %
- ROE 1.84 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.86% over last 3 years.
- Contingent liabilities of Rs.525 Cr.
- Dividend payout has been low at 1.02% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
395 | 671 | 698 | 884 | 928 | 895 | 768 | 992 | 1,110 | 1,114 | 1,063 | 1,282 | |
334 | 448 | 663 | 842 | 853 | 823 | 698 | 760 | 939 | 1,022 | 1,086 | 1,135 | |
Operating Profit | 61 | 223 | 35 | 42 | 74 | 72 | 71 | 231 | 171 | 93 | -23 | 147 |
OPM % | 15% | 33% | 5% | 5% | 8% | 8% | 9% | 23% | 15% | 8% | -2% | 11% |
1 | 1 | 6 | 5 | 5 | 3 | 5 | 8 | 60 | 137 | 26 | 17 | |
Interest | 6 | 13 | 35 | 26 | 35 | 37 | 36 | 19 | 25 | 36 | 70 | 67 |
Depreciation | 14 | 18 | 27 | 29 | 30 | 32 | 32 | 35 | 37 | 44 | 68 | 69 |
Profit before tax | 41 | 193 | -21 | -8 | 14 | 5 | 7 | 185 | 169 | 149 | -135 | 28 |
Tax % | 33% | 33% | -34% | -32% | 41% | 21% | 33% | 26% | 19% | 8% | -10% | 51% |
28 | 129 | -14 | -5 | 8 | 4 | 5 | 137 | 137 | 137 | -121 | 14 | |
EPS in Rs | 4.43 | 20.58 | -2.21 | -0.84 | 1.33 | 0.61 | 0.55 | 16.49 | 16.39 | 16.42 | -12.88 | 1.46 |
Dividend Payout % | 23% | 19% | -0% | -0% | 38% | -0% | -0% | 21% | 20% | 3% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | % |
3 Years: | 5% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | % |
3 Years: | -54% |
TTM: | 110% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 17% |
3 Years: | -3% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 42 | 42 | 42 | 42 | 47 | 47 |
Reserves | 146 | 246 | 232 | 226 | 232 | 241 | 250 | 470 | 580 | 702 | 671 | 726 |
54 | 224 | 304 | 335 | 363 | 376 | 316 | 208 | 639 | 816 | 773 | 660 | |
69 | 122 | 60 | 60 | 72 | 67 | 80 | 142 | 168 | 155 | 153 | 140 | |
Total Liabilities | 301 | 623 | 627 | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 |
136 | 363 | 350 | 376 | 390 | 399 | 385 | 377 | 390 | 979 | 989 | 977 | |
CWIP | 37 | 5 | 17 | 5 | 18 | 12 | 23 | 76 | 435 | 79 | 83 | 39 |
Investments | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | -0 | 154 | 69 | 75 |
129 | 254 | 258 | 272 | 290 | 303 | 280 | 407 | 604 | 503 | 502 | 482 | |
Total Assets | 301 | 623 | 627 | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
46 | 83 | 47 | 23 | 52 | 68 | 81 | 146 | 62 | 58 | 44 | 112 | |
-54 | -222 | -36 | -27 | -57 | -36 | -20 | -147 | -392 | -199 | 42 | -56 | |
10 | 140 | -9 | 4 | -2 | -18 | -75 | 3 | 384 | 114 | -14 | -133 | |
Net Cash Flow | 2 | 1 | 3 | -0 | -7 | 14 | -14 | 2 | 54 | -28 | 72 | -77 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 47 | 66 | 44 | 45 | 49 | 48 | 53 | 56 | 64 | 50 | 51 | 48 |
Inventory Days | 59 | 86 | 77 | 69 | 69 | 74 | 96 | 98 | 110 | 88 | 70 | 74 |
Days Payable | 46 | 67 | 14 | 11 | 11 | 11 | 17 | 27 | 34 | 17 | 31 | 22 |
Cash Conversion Cycle | 60 | 85 | 107 | 103 | 106 | 111 | 132 | 126 | 139 | 121 | 90 | 101 |
Working Capital Days | 55 | 69 | 85 | 77 | 78 | 78 | 86 | 91 | 119 | 105 | 90 | 103 |
ROCE % | 23% | 56% | 3% | 3% | 8% | 7% | 7% | 14% | 4% | -5% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
2h - CRISIL revises Ester Industries' long-term rating outlook to Stable; announces $180M JV project with Loop Industries.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Jul - Ester Industries unveils new brand identity celebrating 40 years of innovation and sustainable growth.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Details of 900 shares dematerialised in June 2025; all physical certificates cancelled.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 27 Jun
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 27 Jun
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Feb 2022TranscriptNotesPPT
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Feb 2016Transcript PPT
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Nov 2015TranscriptNotesPPT
Business Overview:[1]
EIL is an ISO certified leading manufacturer of
Polyester Film, Speciality Polymers and
rPET in India.