| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 | |
Growth YoY Revenue Growth YoY% | 5.2 | 9.3 | 4.0 | 5.6 | 4.0 | 6.5 | 2.7 | -0.3 | 11.7 | 7.1 | 18.7 | 14.2 |
| 536 | 532 | 566 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 | |
| 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 | |
OPM OPM% | 19.7 | 19.4 | 18.1 | 18.9 | 18.6 | 17.6 | 17.9 | 18.5 | 18.2 | 18.4 | 19.5 | 19.6 |
| 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
Depreciation DepreciationCr | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
PBT PBTCr | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| 33 | 30 | 28 | 32 | 30 | 28 | 30 | 31 | 36 | 33 | 38 | 39 | |
| 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 | |
Growth YoY PAT Growth YoY% | 13.3 | 15.2 | -5.9 | -3.6 | -5.1 | -4.5 | 0.2 | 1.1 | 10.7 | 8.7 | 28.5 | 22.1 |
NPM NPM% | 15.3 | 13.9 | 13.4 | 13.2 | 14.0 | 12.5 | 13.1 | 13.4 | 13.9 | 12.7 | 14.2 | 14.4 |
| 9.2 | 8.3 | 8.4 | 8.4 | 8.7 | 7.8 | 8.4 | 8.5 | 9.7 | 8.6 | 10.7 | 10.4 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 667 | 660 | 691 | 706 | 694 | 703 | 710 | 703 | 775 | 753 | 842 | 803 | |
Growth YoY Revenue Growth YoY% | 5.2 | 9.3 | 4.0 | 5.6 | 4.0 | 6.5 | 2.7 | -0.3 | 11.7 | 7.1 | 18.7 | 14.2 |
| 536 | 532 | 566 | 572 | 565 | 579 | 582 | 574 | 634 | 614 | 678 | 646 | |
| 131 | 128 | 125 | 133 | 129 | 123 | 127 | 130 | 141 | 139 | 164 | 157 | |
OPM OPM% | 19.7 | 19.4 | 18.1 | 18.9 | 18.6 | 17.6 | 17.9 | 18.5 | 18.2 | 18.4 | 19.5 | 19.6 |
| 23 | 14 | 17 | 16 | 23 | 18 | 23 | 24 | 31 | 19 | 21 | 25 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
Depreciation DepreciationCr | 17 | 18 | 20 | 21 | 23 | 23 | 25 | 26 | 26 | 27 | 26 | 27 |
PBT PBTCr | 135 | 122 | 120 | 125 | 128 | 116 | 123 | 126 | 143 | 128 | 158 | 154 |
| 33 | 30 | 28 | 32 | 30 | 28 | 30 | 31 | 36 | 33 | 38 | 39 | |
| 102 | 92 | 93 | 93 | 97 | 88 | 93 | 94 | 107 | 96 | 119 | 115 | |
Growth YoY PAT Growth YoY% | 13.3 | 15.2 | -5.9 | -3.6 | -5.1 | -4.5 | 0.2 | 1.1 | 10.7 | 8.7 | 28.5 | 22.1 |
NPM NPM% | 15.3 | 13.9 | 13.4 | 13.2 | 14.0 | 12.5 | 13.1 | 13.4 | 13.9 | 12.7 | 14.2 | 14.4 |
| 9.2 | 8.3 | 8.4 | 8.4 | 8.7 | 7.8 | 8.4 | 8.5 | 9.7 | 8.6 | 10.7 | 10.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,151 | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 | 3,173 |
Growth Revenue Growth% | 1.3 | 9.8 | 13.3 | 11.7 | -1.2 | 3.7 | 22.9 | 26.3 | 5.7 | 4.7 | 9.3 | 12.9 |
| 967 | 1,070 | 1,184 | 1,326 | 1,315 | 1,314 | 1,611 | 2,042 | 2,167 | 2,298 | 2,500 | 2,572 | |
| 184 | 193 | 247 | 272 | 265 | 324 | 401 | 500 | 519 | 513 | 574 | 601 | |
OPM OPM% | 15.9 | 15.3 | 17.3 | 17.0 | 16.8 | 19.8 | 19.9 | 19.7 | 19.3 | 18.3 | 18.7 | 18.9 |
| 23 | 31 | 27 | 35 | 40 | 51 | 52 | 54 | 68 | 81 | 95 | 96 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 | 7 |
Depreciation DepreciationCr | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 | 106 |
PBT PBTCr | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 | 584 |
| 55 | 59 | 77 | 92 | 59 | 79 | 101 | 124 | 124 | 121 | 139 | 146 | |
PAT PATCr | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
Growth PAT Growth% | 2.1 | 13.6 | 24.8 | 11.8 | 9.0 | 29.3 | 24.1 | 22.5 | 6.2 | -3.3 | 12.3 | 17.6 |
NPM NPM% | 9.3 | 9.6 | 10.5 | 10.6 | 11.6 | 14.5 | 14.7 | 14.2 | 14.3 | 13.2 | 13.6 | 13.8 |
| 1.4 | 10.8 | 13.5 | 15.1 | 16.5 | 21.6 | 26.7 | 32.7 | 34.6 | 33.3 | 37.5 | 39.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,151 | 1,263 | 1,431 | 1,598 | 1,580 | 1,638 | 2,013 | 2,541 | 2,687 | 2,812 | 3,073 | 3,173 |
Growth Revenue Growth% | 1.3 | 9.8 | 13.3 | 11.7 | -1.2 | 3.7 | 22.9 | 26.3 | 5.7 | 4.7 | 9.3 | 12.9 |
| 967 | 1,070 | 1,184 | 1,326 | 1,315 | 1,314 | 1,611 | 2,042 | 2,167 | 2,298 | 2,500 | 2,572 | |
| 184 | 193 | 247 | 272 | 265 | 324 | 401 | 500 | 519 | 513 | 574 | 601 | |
OPM OPM% | 15.9 | 15.3 | 17.3 | 17.0 | 16.8 | 19.8 | 19.9 | 19.7 | 19.3 | 18.3 | 18.7 | 18.9 |
| 23 | 31 | 27 | 35 | 40 | 51 | 52 | 54 | 68 | 81 | 95 | 96 | |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 8 | 8 | 9 | 8 | 7 |
Depreciation DepreciationCr | 43 | 42 | 45 | 45 | 58 | 54 | 53 | 60 | 71 | 93 | 105 | 106 |
PBT PBTCr | 161 | 180 | 227 | 260 | 243 | 317 | 396 | 486 | 508 | 492 | 555 | 584 |
| 55 | 59 | 77 | 92 | 59 | 79 | 101 | 124 | 124 | 121 | 139 | 146 | |
PAT PATCr | 106 | 121 | 151 | 169 | 184 | 238 | 295 | 362 | 384 | 371 | 417 | 438 |
Growth PAT Growth% | 2.1 | 13.6 | 24.8 | 11.8 | 9.0 | 29.3 | 24.1 | 22.5 | 6.2 | -3.3 | 12.3 | 17.6 |
NPM NPM% | 9.3 | 9.6 | 10.5 | 10.6 | 11.6 | 14.5 | 14.7 | 14.2 | 14.3 | 13.2 | 13.6 | 13.8 |
| 1.4 | 10.8 | 13.5 | 15.1 | 16.5 | 21.6 | 26.7 | 32.7 | 34.6 | 33.3 | 37.5 | 39.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Reserves ReservesCr | 735 | 838 | 935 | 1,043 | 1,132 | 1,309 | 1,513 | 1,750 | 2,000 | 2,200 | 2,479 |
| 276 | 261 | 293 | 289 | 342 | 436 | 488 | 497 | 570 | 636 | 753 | |
| 41 | 49 | 48 | 49 | 52 | 52 | 51 | 96 | 133 | 151 | 135 | |
| 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 | 3,057 | 3,438 | |
| 576 | 675 | 776 | 859 | 989 | 1,247 | 1,378 | 1,379 | 1,573 | 1,802 | 2,112 | |
| 513 | 540 | 567 | 590 | 606 | 618 | 742 | 1,031 | 1,196 | 1,255 | 1,326 | |
| 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 | 3,057 | 3,438 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 28 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 |
Reserves ReservesCr | 735 | 838 | 935 | 1,043 | 1,132 | 1,309 | 1,513 | 1,750 | 2,000 | 2,200 | 2,479 |
| 276 | 261 | 293 | 289 | 342 | 436 | 488 | 497 | 570 | 636 | 753 | |
| 41 | 49 | 48 | 49 | 52 | 52 | 51 | 96 | 133 | 151 | 135 | |
| 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 | 3,057 | 3,438 | |
| 576 | 675 | 776 | 859 | 989 | 1,247 | 1,378 | 1,379 | 1,573 | 1,802 | 2,112 | |
| 513 | 540 | 567 | 590 | 606 | 618 | 742 | 1,031 | 1,196 | 1,255 | 1,326 | |
| 1,089 | 1,215 | 1,344 | 1,449 | 1,595 | 1,865 | 2,119 | 2,410 | 2,770 | 3,057 | 3,438 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 139 | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 | 458 | 542 | |
| -38 | -44 | -44 | -54 | -442 | -230 | -54 | -260 | -182 | -213 | -315 | |
| -102 | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 | -221 | -215 | |
Net Cash Flow Net Cash FlowCr | 0 | 129 | 29 | -37 | -220 | 7 | 19 | -8 | 11 | 24 | 12 |
Free Cash Flow Free Cash FlowCr | 99 | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
CFO To PAT CFO To PAT% | 130.8 | 140.5 | 88.7 | 50.1 | 172.7 | 139.3 | 63.2 | 108.6 | 95.8 | 123.5 | 130.1 |
CFO To EBITDA CFO To EBITDA% | 75.8 | 87.9 | 54.2 | 31.1 | 120.1 | 102.2 | 46.5 | 78.6 | 70.8 | 89.3 | 94.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 139 | 170 | 134 | 85 | 318 | 331 | 187 | 393 | 368 | 458 | 542 | |
| -38 | -44 | -44 | -54 | -442 | -230 | -54 | -260 | -182 | -213 | -315 | |
| -102 | 3 | -60 | -68 | -95 | -95 | -114 | -140 | -175 | -221 | -215 | |
Net Cash Flow Net Cash FlowCr | 0 | 129 | 29 | -37 | -220 | 7 | 19 | -8 | 11 | 24 | 12 |
Free Cash Flow Free Cash FlowCr | 99 | 117 | 96 | 18 | 268 | 283 | 67 | 72 | 199 | 366 | 424 |
CFO To PAT CFO To PAT% | 130.8 | 140.5 | 88.7 | 50.1 | 172.7 | 139.3 | 63.2 | 108.6 | 95.8 | 123.5 | 130.1 |
CFO To EBITDA CFO To EBITDA% | 75.8 | 87.9 | 54.2 | 31.1 | 120.1 | 102.2 | 46.5 | 78.6 | 70.8 | 89.3 | 94.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,738 | 3,916 | 5,592 | 6,571 | 5,086 | 10,545 | 19,923 | 20,759 | 21,027 | 18,670 | 14,981 | 22,074 |
Price To Earnings Price To Earnings | 38.2 | 32.8 | 37.4 | 39.3 | 27.9 | 44.1 | 67.4 | 57.4 | 54.8 | 50.6 | 36.0 | 50.6 |
Price To Sales Price To Sales | 3.3 | 3.1 | 3.9 | 4.1 | 3.2 | 6.4 | 9.9 | 8.2 | 7.8 | 6.6 | 4.9 | 7.0 |
Price To Book Price To Book | 4.9 | 4.4 | 5.7 | 6.0 | 4.3 | 7.7 | 12.7 | 11.5 | 10.3 | 8.3 | 5.9 | 8.7 |
EV To EBITDA EV To EBITDA | 19.8 | 19.1 | 21.6 | 23.3 | 19.2 | 32.2 | 49.0 | 41.4 | 40.2 | 36.0 | 25.4 | 35.5 |
GPM GPM% | 45.7 | 46.1 | 46.5 | 45.1 | 44.5 | 47.6 | 47.5 | 45.7 | 46.2 | 45.5 | 45.4 | 45.4 |
OPM OPM% | 15.9 | 15.3 | 17.3 | 17.0 | 16.8 | 19.8 | 19.9 | 19.7 | 19.3 | 18.3 | 18.7 | 18.9 |
NPM NPM% | 9.3 | 9.6 | 10.5 | 10.6 | 11.6 | 14.5 | 14.7 | 14.2 | 14.3 | 13.2 | 13.6 | 13.8 |
ROCE ROCE% | 21.0 | 20.2 | 23.1 | 23.9 | 20.8 | 23.3 | 25.3 | 26.6 | 24.1 | 21.4 | 21.7 | 21.7 |
ROE ROE% | 13.9 | 13.5 | 15.2 | 15.4 | 15.5 | 17.4 | 18.8 | 20.0 | 18.7 | 16.5 | 16.4 | 16.4 |
ROA ROA% | 9.8 | 9.9 | 11.2 | 11.6 | 11.5 | 12.8 | 13.9 | 15.0 | 13.9 | 12.2 | 12.1 | 12.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,738 | 3,916 | 5,592 | 6,571 | 5,086 | 10,545 | 19,923 | 20,759 | 21,027 | 18,670 | 14,981 | 22,074 |
Price To Earnings Price To Earnings | 38.2 | 32.8 | 37.4 | 39.3 | 27.9 | 44.1 | 67.4 | 57.4 | 54.8 | 50.6 | 36.0 | 50.6 |
Price To Sales Price To Sales | 3.3 | 3.1 | 3.9 | 4.1 | 3.2 | 6.4 | 9.9 | 8.2 | 7.8 | 6.6 | 4.9 | 7.0 |
Price To Book Price To Book | 4.9 | 4.4 | 5.7 | 6.0 | 4.3 | 7.7 | 12.7 | 11.5 | 10.3 | 8.3 | 5.9 | 8.7 |
EV To EBITDA EV To EBITDA | 19.8 | 19.1 | 21.6 | 23.3 | 19.2 | 32.2 | 49.0 | 41.4 | 40.2 | 36.0 | 25.4 | 35.5 |
GPM GPM% | 45.7 | 46.1 | 46.5 | 45.1 | 44.5 | 47.6 | 47.5 | 45.7 | 46.2 | 45.5 | 45.4 | 45.4 |
OPM OPM% | 15.9 | 15.3 | 17.3 | 17.0 | 16.8 | 19.8 | 19.9 | 19.7 | 19.3 | 18.3 | 18.7 | 18.9 |
NPM NPM% | 9.3 | 9.6 | 10.5 | 10.6 | 11.6 | 14.5 | 14.7 | 14.2 | 14.3 | 13.2 | 13.6 | 13.8 |
ROCE ROCE% | 21.0 | 20.2 | 23.1 | 23.9 | 20.8 | 23.3 | 25.3 | 26.6 | 24.1 | 21.4 | 21.7 | 21.7 |
ROE ROE% | 13.9 | 13.5 | 15.2 | 15.4 | 15.5 | 17.4 | 18.8 | 20.0 | 18.7 | 16.5 | 16.4 | 16.4 |
ROA ROA% | 9.8 | 9.9 | 11.2 | 11.6 | 11.5 | 12.8 | 13.9 | 15.0 | 13.9 | 12.2 | 12.1 | 12.1 |
Documents — Grindwell Norton Ltd