Ester Industries Ltd
Ester Industries Ltd (ESTER) last reported results for the quarter ended Jun 2026, with sales of ₹432 crore and net profit of ₹19 crore. The stock last traded at ₹93.3, a market capitalisation of ₹968 crore. Over the past 52 weeks the stock has ranged between ₹68.6 and ₹122. Figures are as of 9 Oct 2026 and are not real time.
Ester Industries Ltd share price and key metrics
- Current price
- ₹93.3
- Market cap
- ₹968 cr
- Book value
- ₹80.2
- ROE
- -3.56%
- ROCE
- 2.75%
- Dividend yield
- 0.27%
- 52w high / low
- 122/68.6
Metrics as of 9 Oct 2026. Not real time.
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Ester Industries Ltd growth and returns
- 10 Years
- 6%
- 5 Years
- 7%
- 3 Years
- 7%
- TTM
- 10%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -108%
- 10 Years
- 7%
- 5 Years
- -9%
- 3 Years
- 0%
- 1 Year
- -20%
- 10 Years
- %
- 5 Years
- 4%
- 3 Years
- -7%
- Last Year
- -4%
Ester Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹432 cr, up 27.8% from ₹338 cr a year earlier. Net profit turned positive at ₹19 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 331 | 346 | 319 | 338 | 354 | 339 | 344 | 432 |
| Expenses | 291 | 286 | 283 | 318 | 340 | 323 | 302 | 383 |
| Operating profit | 40 | 60 | 36 | 20 | 14 | 16 | 42 | 49 |
| OPM % | 12% | 17% | 11% | 6% | 4.0% | 4.8% | 12% | 11% |
| Other income | 3 | 5 | 3 | 9 | 3 | 5 | 1 | 10 |
| Interest | 18 | 16 | 16 | 15 | 17 | 16 | 16 | 17 |
| Depreciation | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 |
| Profit before tax | 7 | 31 | 6 | -4 | -17 | -13 | 9 | 24 |
| Tax % | 55% | 21% | 69% | 88% | -8% | -2% | 17% | 21% |
| Net profit | 3 | 25 | 2 | -7 | -16 | -12 | 8 | 19 |
| EPS (₹) | 0.32 | 2.64 | 0.21 | -0.73 | -1.62 | -1.27 | 0.81 | 1.79 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ester Industries Ltd annual results
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 884 | 928 | 895 | 768 | 992 | 1,110 | 1,114 | 1,063 | 1,282 | 1,375 | 1,469 |
| Operating profit | 42 | 74 | 72 | 71 | 231 | 171 | 93 | -23 | 147 | 93 | 122 |
| OPM % | 4.8% | 8% | 8% | 9% | 23% | 15% | 8% | -2.1% | 12% | 7% | 8% |
| Net profit | -5 | 8 | 4 | 5 | 137 | 137 | 137 | -121 | 14 | -27 | -2 |
| EPS (₹) | -0.84 | 1.33 | 0.61 | 0.55 | 16.49 | 16.39 | 16.42 | -12.88 | 1.46 | -2.81 | -0.29 |
TTM is the trailing twelve months to the most recent quarter.
Ester Industries Ltd balance sheet
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 31 | 31 | 31 | 42 | 42 | 42 | 42 | 47 | 47 | 49 |
| Reserves | 226 | 232 | 241 | 250 | 470 | 580 | 702 | 671 | 726 | 734 |
| Borrowings | 335 | 363 | 376 | 316 | 208 | 639 | 816 | 773 | 660 | 729 |
| Other liabilities | 60 | 72 | 67 | 80 | 142 | 168 | 155 | 153 | 140 | 162 |
| Total liabilities | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 | 1,674 |
| Fixed assets | 376 | 390 | 399 | 385 | 377 | 390 | 979 | 989 | 977 | 978 |
| CWIP | 5 | 18 | 12 | 23 | 76 | 435 | 79 | 83 | 39 | 36 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 | 154 | 69 | 75 | 78 |
| Other assets | 272 | 290 | 303 | 280 | 407 | 604 | 503 | 502 | 482 | 581 |
| Total assets | 652 | 698 | 714 | 688 | 862 | 1,428 | 1,715 | 1,643 | 1,573 | 1,674 |
As reported by the company. Total assets equal total liabilities by construction.
Ester Industries Ltd cash flow
| ₹ crore | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 23 | 52 | 68 | 81 | 146 | 62 | 58 | 44 | 112 | 89 |
| Cash from investing | -27 | -57 | -36 | -20 | -147 | -392 | -199 | 42 | -56 | -116 |
| Cash from financing | 4 | -2 | -18 | -75 | 3 | 384 | 114 | -14 | -133 | 6 |
| Net cash flow | -0 | -7 | 14 | -14 | 2 | 54 | -28 | 72 | -77 | -21 |
| Free cash flow | -14 | -5 | 32 | 58 | 10 | -352 | -198 | -28 | 82 | 27 |
| CFO / operating profit | 54% | 69% | 97% | 117% | 83% | 69% | 73% | -202% | 78% | 101% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ester Industries Ltd operating ratios
| Per year | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 3% | 8% | 7% | 7% | — | 14% | 4% | -5% | 6% | 3% |
| Debtor days | 45 | 49 | 48 | 53 | 56 | 64 | 50 | 51 | 48 | 49 |
| Inventory days | 69 | 69 | 74 | 96 | 98 | 110 | 88 | 70 | 74 | 86 |
| Days payable | 11 | 11 | 11 | 17 | 27 | 34 | 17 | 31 | 22 | 27 |
| Cash conversion cycle | 103 | 106 | 111 | 132 | 126 | 139 | 121 | 90 | 101 | 108 |
| Working capital days | 16 | -4 | -7 | -0 | 51 | 65 | 14 | -25 | 13 | 7 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ester Industries Ltd shareholding pattern
Promoters held 62.32% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.03% and DIIs 0.15%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.40% | 62.40% | 62.40% | 62.73% | 62.73% | 62.72% | 62.72% | 62.32% |
| FIIs | 0.10% | 0.04% | 0.08% | 0.17% | 0.03% | 0.06% | 0.05% | 0.03% |
| DIIs | 0.44% | 0.01% | 0.01% | 0.01% | 0.04% | 0.13% | 0.16% | 0.15% |
| Public | 37.06% | 37.55% | 37.51% | 37.09% | 37.19% | 37.09% | 37.07% | 37.49% |
| No. of shareholders | 38,291 | 38,640 | 37,772 | 37,681 | 38,337 | 37,694 | 36,924 | 37,110 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ester Industries Ltd corporate filings
- Ester Industries publishes newspaper notice for special window on transfer and dematerialisation of physical securitiesCompany Updatelow impact
Cruxal's analysis: Ester Industries Ltd announced a newspaper publication regarding the establishment of a…
Read the full analysis - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Ester Industries clarifies increase in share volume; no financial impact reportedCompany Updatelow impact
Cruxal's analysis: The company issued a clarification regarding a rise in share trading volume, with no…
Read the full analysis - Intimation of Closure of Trading Window for the quarter and half-year ending 30th September 2026.Insider Trading / SASTlow impact
- CRISIL reaffirms Ester Industries' credit ratings at A-/Stable/A2+ citing improved operating performanceCompany Updatehigh impact
Cruxal's analysis: Ester Industries Limited has received a reaffirmation of its long-term credit rating at…
Read the full analysis - Ester Industries Limited announces successful conclusion of 40th AGM and approval of final dividendAGM/EGMlow impact
Cruxal's analysis: Ester Industries Limited has successfully concluded its 40th Annual General Meeting held…
Read the full analysis - Ester Industries Limited concludes 40th Annual General Meeting; declares final dividend of INR 0.25 per shareAGM/EGMlow impact
Cruxal's analysis: Ester Industries Limited has successfully concluded its 40th Annual General Meeting held…
Read the full analysis - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Ester Industries Limited Announces 40th Annual General Meeting and E-voting ScheduleCompany Updatelow impact
Cruxal's analysis: Ester Industries Limited has issued a formal notice for its 40th Annual General Meeting…
Read the full analysis - Ester Industries releases Notice of 40th Annual General Meeting and Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: Ester Industries has published the notice for its 40th Annual General Meeting along with…
Read the full analysis - Ester Industries Announces 40th AGM and FY 2025-26 Annual ReportAGM/EGMlow impact
Cruxal's analysis: Ester Industries Limited has released its Annual Report for the financial year 2025-26…
Read the full analysis - Ester Industries Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Ester Industries has filed its Annual Report for the financial year 2025-26. The report…
Read the full analysis - Ester Industries Reports Strong Q1 FY27 Turnaround with Consolidated PAT of INR 18.6 Crore and Improved Operating LeverageCompany Updatehigh impact
Cruxal's analysis: Ester Industries Limited delivered a robust performance in Q1 FY27, with consolidated…
Read the full analysis - Ester Industries Limited: Promoter Group Cancels Proposed Inter-se Share TransferInsider Trading / SASTlow impact
Cruxal's analysis: Ester Industries Limited has announced the cancellation of a previously proposed inter-se…
Read the full analysis - Ester Industries cancels proposed inter-se transfer of shares among promoter groupCompany Updatelow impact
Cruxal's analysis: Ester Industries has formally announced the cancellation of a previously proposed…
Read the full analysis - Ester Industries releases audio recording of Q1 FY2026 earnings conference callCompany Updatelow impact
Cruxal's analysis: Ester Industries has made the audio recording of its earnings conference call for the…
Read the full analysis - Ester Industries Limited: Promoter Group Internal Share Transfer via GiftInsider Trading / SASTlow impact
Cruxal's analysis: Ester Industries Limited has disclosed an inter-se transfer of 37.97 lakh equity shares…
Read the full analysis - Ester Industries Ltd receives intimation under SEBI (SAST) Regulation 10(1)(a)Company Updatelow impact
Cruxal's analysis: Ester Industries has filed an intimation regarding an acquisition of shares under…
Read the full analysis - Ester Industries Ltd files Monitoring Agency Report for quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Ester Industries has submitted its Monitoring Agency Report for the quarter ended June…
Read the full analysis - Ester Industries Limited Reports Unaudited Financial Results for Quarter Ended 30th June 2026Company Updatehigh impact
Cruxal's analysis: Ester Industries Limited has released its financial results for the quarter ended 30th…
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