XPRO India Ltd
XPRO India Ltd incorporated in 1997, is a diversified multi-divisional company in the polymer processing industry.[1]
- Market Cap ₹ 2,706 Cr.
- Current Price ₹ 1,153
- High / Low ₹ 1,332 / 785
- Stock P/E 88.7
- Book Value ₹ 305
- Dividend Yield 0.18 %
- ROCE 5.75 %
- ROE 4.58 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.72 times its book value
- The company has delivered a poor sales growth of 6.25% over past five years.
- Company has a low return on equity of 7.27% over last 3 years.
- Earnings include an other income of Rs.18.2 Cr.
- Dividend payout has been low at 11.9% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -11.1%
- Working capital days have increased from 43.8 days to 65.1 days
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 258 | 274 | 311 | 304 | 346 | 355 | 373 | 472 | 511 | 465 | 535 | 505 | |
| 255 | 261 | 285 | 283 | 319 | 324 | 333 | 408 | 437 | 399 | 481 | 467 | |
| Operating Profit | 3 | 14 | 26 | 21 | 27 | 31 | 40 | 64 | 74 | 66 | 54 | 38 |
| OPM % | 1% | 5% | 8% | 7% | 8% | 9% | 11% | 14% | 15% | 14% | 10% | 8% |
| 5 | 2 | 4 | 27 | 8 | 1 | 2 | 2 | 4 | 10 | 19 | 18 | |
| Interest | 13 | 22 | 25 | 21 | 20 | 19 | 17 | 13 | 8 | 5 | 4 | 4 |
| Depreciation | 14 | 18 | 17 | 16 | 13 | 12 | 12 | 12 | 12 | 11 | 11 | 11 |
| Profit before tax | -19 | -25 | -12 | 10 | 2 | 1 | 13 | 41 | 59 | 60 | 58 | 41 |
| Tax % | -26% | 40% | 0% | 0% | 2% | 1% | 39% | -11% | 23% | 27% | 24% | 26% |
| -14 | -35 | -12 | 10 | 2 | 1 | 8 | 45 | 45 | 44 | 44 | 31 | |
| EPS in Rs | -7.95 | -20.09 | -7.06 | 5.91 | 1.29 | 0.68 | 4.47 | 25.38 | 24.91 | 19.91 | 19.65 | 13.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 8% | 10% | 10% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 0% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 30% |
| 3 Years: | -12% |
| TTM: | -31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 63% |
| 3 Years: | 15% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 18 | 22 | 22 | 23 |
| Reserves | 105 | 70 | 57 | 67 | 70 | 71 | 78 | 160 | 215 | 538 | 595 | 692 |
| 213 | 226 | 215 | 190 | 172 | 168 | 135 | 90 | 39 | 39 | 116 | 118 | |
| 56 | 50 | 68 | 79 | 63 | 66 | 83 | 73 | 68 | 78 | 119 | 102 | |
| Total Liabilities | 386 | 358 | 351 | 348 | 316 | 317 | 308 | 335 | 340 | 677 | 852 | 936 |
| 250 | 251 | 226 | 202 | 188 | 188 | 179 | 168 | 160 | 151 | 150 | 359 | |
| CWIP | 1 | 0 | 0 | 1 | 4 | 0 | 0 | 0 | 3 | 22 | 195 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 5 | 5 | 5 | 190 | 175 |
| 134 | 106 | 124 | 145 | 124 | 128 | 129 | 161 | 173 | 500 | 317 | 401 | |
| Total Assets | 386 | 358 | 351 | 348 | 316 | 317 | 308 | 335 | 340 | 677 | 852 | 936 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | 14 | 23 | 34 | 29 | 39 | 48 | 49 | 83 | 44 | 10 | 24 | |
| 18 | -4 | -2 | 28 | 7 | -7 | -1 | -11 | -58 | -320 | -36 | -119 | |
| -16 | -10 | -20 | -63 | -37 | -27 | -51 | -21 | -43 | 278 | 84 | 46 | |
| Net Cash Flow | 0 | -0 | 1 | -0 | -2 | 5 | -4 | 17 | -19 | 1 | 58 | -48 |
| Free Cash Flow | -11 | 2 | 21 | 73 | 23 | 33 | 46 | 43 | 47 | 6 | -109 | 0 |
| CFO/OP | -97% | 94% | 83% | 173% | 111% | 130% | 120% | 77% | 110% | 80% | 43% | 92% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 49 | 64 | 59 | 59 | 54 | 65 | 51 | 36 | 43 | 53 | 50 |
| Inventory Days | 58 | 57 | 53 | 64 | 53 | 59 | 57 | 51 | 49 | 53 | 57 | 76 |
| Days Payable | 90 | 77 | 80 | 93 | 76 | 81 | 100 | 65 | 53 | 57 | 61 | 43 |
| Cash Conversion Cycle | 24 | 28 | 37 | 30 | 36 | 33 | 22 | 38 | 33 | 39 | 49 | 82 |
| Working Capital Days | -53 | -71 | -35 | -16 | -3 | -14 | 2 | 21 | 12 | 28 | 39 | 65 |
| ROCE % | -2% | -0% | 4% | 4% | 8% | 8% | 13% | 22% | 25% | 15% | 9% | 6% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aggregate Production Volume (Yearly) MT |
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| Total Workforce Size Personnel |
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| Biax Division (Dielectric Film) Installed Capacity MTPA |
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| Biax Division Capacity Utilization % |
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| Coex Division (Sheets) Installed Capacity MTPA |
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| Domestic Market Share - Dielectric Films % |
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| Future Capacity Expansion (UAE & Barjora) MTPA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - FY26 earnings call transcript; Barjora line commercial since Mar 27, 2026; Girish Behal named MD from Jan 1, 2027.
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Announcement Under Regulation 30 Of SEBI(LODR) Regulations, 2015-Minutes Of Postal Ballot
27 May - Xpro India filed minutes of postal ballot resolution; result declared May 2, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Audio recording of FY26 earnings conference call uploaded on May 22, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Newspaper Notice w.r.t. Audited Financial Statement for the quarter and year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
21 May - Revised Q4 FY26 results; Barjora dielectric film line commissioned, doubling India capacity to 8,000 MT annually.
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
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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May 2026TranscriptPPTREC
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Jun 2025Transcript PPT
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Jun 2024Transcript PPT
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Jun 2023Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
Product Portfolio[1]
A. Biax Division (25% of FY25 Revenue)[2])[3]
Company is focusing on special products and niche markets of dielectric films for specialised electrical and industrial applications.