Leap India Ltd
Incorporated in 2013, LEAP India
Ltd specializes in sustainable supply
chain and asset-pooling solutions.[1]
- Market Cap ₹ 5,275 Cr.
- Current Price ₹ 120
- High / Low ₹ 172 / 112
- Stock P/E 75.8
- Book Value ₹ 34.4
- Dividend Yield 0.00 %
- ROCE 8.43 %
- ROE 8.81 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 46.6% CAGR over last 5 years
Cons
- Stock is trading at 3.48 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.33% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 174 | 211 | 243 | 298 | 378 | 615 | |
| Sales growth | +21% | +15% | +22% | +27% | +63% | |
| 90 | 98 | 126 | 116 | 151 | 291 | |
| Operating Profit | 84 | 113 | 117 | 181 | 227 | 324 |
| OPM % | 49% | 54% | 48% | 61% | 60% | 53% |
| 2 | 2 | 6 | 21 | 26 | 29 | |
| Interest | 40 | 35 | 41 | 44 | 58 | 84 |
| Depreciation | 38 | 53 | 73 | 105 | 140 | 189 |
| Profit before tax | 8 | 27 | 9 | 54 | 55 | 80 |
| Tax % | 0% | 0% | 0% | 24% | 28% | 24% |
| 8 | 27 | 9 | 41 | 40 | 61 | |
| EPS in Rs | 1.04 | 3.35 | 1.13 | 3.75 | 3.28 | 21.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 36% |
| TTM: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 85% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 2 | 2 | 3 | 3 | 12 | 44 |
| Reserves | 443 | 468 | 527 | 526 | 613 | 684 | 1,472 |
| 283 | 343 | 343 | 676 | 1,155 | 1,351 | 703 | |
| 63 | 84 | 175 | 97 | 192 | 226 | 418 | |
| Total Liabilities | 789 | 897 | 1,046 | 1,302 | 1,962 | 2,273 | 2,637 |
| 565 | 714 | 801 | 931 | 1,380 | 1,603 | 1,694 | |
| CWIP | 0 | 0 | 0 | 1 | 5 | 2 | 0 |
| Investments | 1 | 2 | 8 | 59 | 109 | 114 | 120 |
| 224 | 181 | 238 | 310 | 468 | 553 | 823 | |
| Total Assets | 789 | 897 | 1,046 | 1,302 | 1,962 | 2,273 | 2,637 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 89 | 64 | 130 | 137 | 226 | 247 | |
| -198 | -56 | -141 | -305 | -1,261 | -294 | |
| 113 | 10 | -7 | 167 | 1,044 | 39 | |
| Net Cash Flow | 3 | 18 | -17 | -0 | 8 | -8 |
| Free Cash Flow | 41 | -49 | 42 | -111 | 10 | -58 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 97% | 60% | 113% | 76% | 99% | 78% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 119 | 101 | 113 | 163 | 174 | 140 |
| Inventory Days | 127 | |||||
| Days Payable | 641 | |||||
| Cash Conversion Cycle | -395 | 101 | 113 | 163 | 174 | 140 |
| Working Capital Days | 5 | -59 | -87 | 40 | -5 | -25 |
| ROCE % | 8% | 6% | 9% | 7% | 8% |
Documents
Announcements
-
Key Performance Indicators ("KPI")
- LEAP India uploaded prospectus-defined KPIs on its website.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- India Ratings report for Q2 FY27 shows no deviation in LEAP India IPO proceeds utilization.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY2026-27 earnings conference call uploaded on company website on October 27, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.
Concalls
-
Oct 2026Transcript PPT REC
-
Sep 2026Transcript PPT REC
-
Aug 2026PPT
Business Profile:[1]
The company operates in the supply-
chain asset pooling industry. It uses
a share and reuse / pooling model,
where customers access reusable
supply-chain assets without having
to own, maintain, and manage those
assets themselves.