Pokarna Ltd
Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]
- Market Cap ₹ 2,586 Cr.
- Current Price ₹ 834
- High / Low ₹ 1,147 / 693
- Stock P/E 22.7
- Book Value ₹ 262
- Dividend Yield 0.07 %
- ROCE 28.4 %
- ROE 27.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 21.5% CAGR over last 5 years
Cons
* 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
Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 226 | 324 | 391 | 365 | 335 | 459 | 393 | 295 | 650 | 725 | 687 | 925 | 687 | |
| 178 | 239 | 256 | 234 | 240 | 315 | 262 | 212 | 473 | 553 | 477 | 598 | 464 | |
| Operating Profit | 48 | 85 | 134 | 131 | 95 | 144 | 132 | 83 | 176 | 171 | 211 | 327 | 223 |
| OPM % | 21% | 26% | 34% | 36% | 28% | 31% | 33% | 28% | 27% | 24% | 31% | 35% | 32% |
| 9 | 15 | -12 | 10 | 6 | 9 | 5 | 6 | 7 | 9 | 8 | 21 | 18 | |
| Interest | 33 | 34 | 38 | 33 | 30 | 27 | 23 | 22 | 42 | 49 | 40 | 38 | 35 |
| Depreciation | 20 | 23 | 18 | 17 | 20 | 26 | 23 | 21 | 39 | 40 | 43 | 44 | 49 |
| Profit before tax | 3 | 43 | 66 | 90 | 51 | 101 | 91 | 45 | 102 | 91 | 136 | 266 | 158 |
| Tax % | -325% | 28% | 22% | 22% | 17% | 20% | 22% | 37% | 23% | 28% | 36% | 29% | |
| 12 | 31 | 51 | 70 | 42 | 81 | 71 | 28 | 78 | 66 | 87 | 188 | 114 | |
| EPS in Rs | 3.77 | 10.12 | 16.52 | 22.66 | 13.62 | 26.02 | 22.81 | 9.12 | 25.25 | 21.23 | 28.18 | 60.49 | 36.73 |
| Dividend Payout % | 11% | 6% | 12% | 3% | 4% | 2% | 3% | 7% | 2% | 3% | 2% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 19% |
| 3 Years: | 13% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 22% |
| 3 Years: | 34% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 25% |
| 3 Years: | 30% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 18% |
| 3 Years: | 20% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 20 | 47 | 91 | 145 | 185 | 264 | 332 | 359 | 437 | 501 | 586 | 772 | 805 |
| 310 | 290 | 272 | 271 | 255 | 238 | 288 | 312 | 515 | 459 | 401 | 370 | 275 | |
| 91 | 85 | 99 | 76 | 60 | 89 | 292 | 325 | 214 | 138 | 221 | 256 | 219 | |
| Total Liabilities | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 1,003 | 1,172 | 1,104 | 1,215 | 1,403 | 1,305 |
| 259 | 241 | 239 | 260 | 270 | 259 | 269 | 699 | 758 | 733 | 710 | 793 | 805 | |
| CWIP | 3 | 6 | 20 | 3 | 3 | 55 | 431 | 65 | 1 | 1 | 65 | 41 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 165 | 182 | 209 | 235 | 234 | 283 | 218 | 239 | 412 | 371 | 440 | 569 | 496 | |
| Total Assets | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 1,003 | 1,172 | 1,104 | 1,215 | 1,403 | 1,305 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -15 | 61 | 106 | 111 | 77 | 108 | 379 | 98 | 59 | 136 | 188 | 191 | |
| -5 | -15 | -30 | -31 | -28 | -64 | -386 | -84 | -210 | -25 | -32 | -82 | |
| 16 | -41 | -75 | -65 | -52 | -44 | -1 | -12 | 161 | -114 | -108 | -101 | |
| Net Cash Flow | -4 | 5 | -0 | 16 | -3 | 1 | -7 | 1 | 10 | -3 | 47 | 8 |
| Free Cash Flow | -21 | 45 | 74 | 79 | 47 | 41 | -12 | 11 | -156 | 103 | 149 | 96 |
| CFO/OP | -27% | 75% | 88% | 103% | 103% | 91% | 300% | 131% | 42% | 96% | 104% | 75% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 78 | 73 | 67 | 76 | 54 | 31 | 54 | 80 | 55 | 64 | 73 |
| Inventory Days | 569 | 311 | 354 | 468 | 466 | 251 | 272 | 463 | 285 | 218 | 242 | 185 |
| Days Payable | 203 | 126 | 97 | 134 | 137 | 98 | 102 | 192 | 167 | 71 | 110 | 105 |
| Cash Conversion Cycle | 452 | 264 | 330 | 401 | 405 | 208 | 202 | 325 | 198 | 202 | 195 | 153 |
| Working Capital Days | -58 | 4 | 2 | 20 | 38 | 8 | -11 | -31 | 30 | 55 | 64 | 52 |
| ROCE % | 9% | 20% | 34% | 31% | 19% | 27% | 20% | 10% | 18% | 15% | 18% | 28% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Units - Granite Number ・Standalone data |
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| Manufacturing Units - Quartz Number |
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| Number of Captive Quarries Number ・Standalone data |
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| US Revenue Contribution % |
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| Quartz Design Portfolio Number |
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| Self-Sourced Raw Material (Granite) % ・Standalone data |
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| Quartz Export Volume to US sq ft |
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| Anticipated New Quartz Capacity sq m/annum |
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| Quartz Sales Volume Growth % |
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Extracted by Screener AI
Documents
Announcements
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The Company Has Received Demand Notice From Department Of Mines And Geology Government Of Andhra Pradesh.
1d - Andhra Pradesh mines authority issued Rs 33.40 crore demand notice over alleged granite permit misuse and unlawful excavation.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 5 May
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Re-Appointment Of Mr. Gautam Chand Jain As Chairman And Managing Director And Re-Appointment Of Mr. Rahul Jain As Managing Director Of The Company.
29 Apr - Pokarna board approved 5-year reappointments of Rahul Jain and Gautam Chand Jain, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Change in Directorate
29 Apr - Board approved reappointment of Rahul Jain as MD and Gautam Chand Jain as CMD for five years, subject to AGM approval.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 29Th April 2026
29 Apr - Pokarna reappointed Rahul Jain and Gautam Chand Jain as MD/CMD for five years, subject to AGM approval.
Annual reports
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Financial Year 2025
from bse
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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 2011
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Concalls
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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Jun 2018TranscriptAI SummaryPPT
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Feb 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
Business Segments
1) Quartz Surfaces (97% in 9M FY25 vs 89% in FY22): [1] [2] The company’s WOS Pokarna Engineered Stone Ltd (PESL) is India’s largest exporter of premium quartz surfaces, offering 100+ quartz designs including Moon Walk, Champs-Elysees, Pirouette, La Dolce Vita, Pantheon, etc under the Quantra brand. [3] [4] The segment revenue grew by 31% YoY in 9M FY25, driven by a strong demand for high-value engineered stone products. [5]