Leap India Ltd
Incorporated in 2013, LEAP India
Ltd specializes in sustainable supply
chain and asset-pooling solutions.[1]
- Market Cap ₹ 5,630 Cr.
- Current Price ₹ 128
- High / Low ₹ 172 / 127
- Stock P/E 96.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 8.34 %
- ROE 8.09 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 45.4% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.32% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 174 | 253 | 365 | 466 | 730 | |
| 90 | 132 | 162 | 211 | 369 | |
| Operating Profit | 84 | 121 | 203 | 255 | 361 |
| OPM % | 48% | 48% | 56% | 55% | 49% |
| 3 | 5 | 7 | 19 | 18 | |
| Interest | 40 | 42 | 51 | 68 | 94 |
| Depreciation | 38 | 74 | 113 | 154 | 204 |
| Profit before tax | 8 | 10 | 47 | 52 | 81 |
| Tax % | 0% | 8% | 20% | 28% | 23% |
| 8 | 9 | 37 | 38 | 62 | |
| EPS in Rs | 1.04 | 1.08 | 3.41 | 3.11 | 22.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 42% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 81% |
| TTM: | 124% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.10 | 2 | 3 | 3 | 12 |
| Reserves | 443 | 526 | 522 | 606 | 679 |
| 284 | 396 | 761 | 1,228 | 1,467 | |
| 61 | 191 | 115 | 210 | 243 | |
| Total Liabilities | 789 | 1,115 | 1,400 | 2,047 | 2,401 |
| 565 | 911 | 1,084 | 1,555 | 1,819 | |
| CWIP | 0 | 0 | 1 | 5 | 8 |
| Investments | 0 | 3 | 52 | 101 | 107 |
| 224 | 201 | 263 | 385 | 466 | |
| Total Assets | 789 | 1,115 | 1,400 | 2,047 | 2,401 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 86 | 153 | 149 | 255 | 268 | |
| -196 | -201 | -339 | -1,258 | -360 | |
| 114 | 34 | 189 | 1,021 | 72 | |
| Net Cash Flow | 4 | -14 | -1 | 18 | -20 |
| Free Cash Flow | 39 | 42 | -154 | 2 | -94 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 95% | 125% | 74% | 101% | 76% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 119 | 123 | 144 | 156 | 131 |
| Inventory Days | 127 | ||||
| Days Payable | 642 | ||||
| Cash Conversion Cycle | -396 | 123 | 144 | 156 | 131 |
| Working Capital Days | 5 | -92 | 15 | -10 | -23 |
| ROCE % | 8% | 7% | 8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
-
Board Meeting Intimation for The Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2026
- Board meeting on October 26, 2026 to approve Q2 and half-year unaudited financial results.
-
Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
- Revised SEBI disclosure of promoter pledge/NDU on 2.26 crore LEAP India shares.
-
Announcement under Regulation 30 (LODR)-Credit Rating
- Ind-Ra upgrades LEAP India’s bank loan ratings to IND A+/Stable and IND A1+ on October 15, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate for quarter ended September 30, 2026; no demat/remat requests processed.
Concalls
-
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.