---
title: "Essen Speciality Films Ltd (ESFL) — Share Price, Financials & Analysis"
symbol: "ESFL"
company: "Essen Speciality Films Ltd"
canonical: "https://tapetide.com/stocks/ESFL"
isin: "INE0ITO01014"
nse_symbol: "ESFL"
sector: "Consumer Goods"
industry: "Plastic Products"
market_cap_cr: 288.26
generated_at: "2026-09-13T19:14:39.953Z"
---

# Essen Speciality Films Ltd (ESFL)

Canonical page: https://tapetide.com/stocks/ESFL

## Company

- **NSE Symbol:** ESFL
- **ISIN:** INE0ITO01014
- **Sector:** Consumer Goods
- **Industry:** Plastic Products
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-07-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** essenspeciality.com

## About

Incorporated in 2002, Essen Speciality 
 Films Ltd manufactures plastic and home 
 décor products[1]

## Latest Price

- **Price:** ₹119.95
- **Change:** +4.55 (+3.94%)
- **Open:** ₹115.15
- **Day High:** ₹120.6
- **Day Low:** ₹113.65
- **Previous Close:** ₹115.4
- **Volume:** 11160
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:47.550444Z.

- **Market Cap:** ₹288.26 Cr
- **Classification:** SME
- **P/E (reported):** -52.5
- **EPS (TTM):** ₹-2.2
- **Book Value:** ₹59
- **Price to Book:** 1.96
- **Dividend Yield:** 0.87%
- **ROE:** 15.62%
- **ROCE:** 18.6%
- **Debt to Equity:** 0.32
- **Revenue (yearly):** ₹120.5 Cr
- **Net Income:** ₹13.4 Cr
- **EBITDA:** ₹20.7 Cr
- **52-Week High:** ₹352
- **52-Week Low:** ₹108.3
- **RSI (14):** 42.48

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 46.71 | 9% |
| growth | 25.64 | 9% |
| momentum | 28.34 | 12% |
| ownership | 50.05 | 24% |
| quality | 43.71 | 22% |
| valuation | 38.7 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Debtor days have improved from 41.8 to 25.8 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of 5.37% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 466.23% | 196.6% | — |
| ebitda margin growth | 111.76% | 48.96% | -15.3% | — |
| net income growth | 104.55% | 157.69% | 47.25% | — |
| revenue growth | -3% | 1.6% | 11% | 11% |
| roce | -102.37% | 54.23% | 0.11% | — |
| roe | -104.09% | 118.46% | 12.13% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 34 | 37.93 | 40.16 | 34.55 | 46.31 | 47.44 | 44.71 | 41.16 | 48.35 | 41.42 | 32.12 | 31.65 |
| Expenses | 26.81 | 30.54 | 36.89 | 30.18 | 38.63 | 35.01 | 48.96 | 37.64 | 38.91 | 42.54 | 43.51 | 31.07 |
| Operating Profit | 7.19 | 7.39 | 3.27 | 4.37 | 7.68 | 12.43 | -4.25 | 3.52 | 9.44 | -1.12 | -11.39 | 0.58 |
| OPM % | 21.15 | 19.48 | 8.14 | 12.65 | 16.58 | 26.2 | -9.51 | 8.55 | 19.52 | -2.7 | -35.46 | 1.83 |
| Other Income | 0.46 | 0.31 | 0.79 | 0.67 | 1.96 | 0.65 | 0.72 | 0.63 | 0.01 | -0.35 | 1.2 | 0.61 |
| Interest | 0.78 | 0.41 | 0.14 | 0.14 | 0.09 | 1.34 | 0.52 | 0.33 | 0.31 | 0.7 | 0.66 | 0.59 |
| Depreciation | 1.38 | 1.37 | 1.34 | 1.34 | 1.4 | 1.45 | 1.53 | 1.54 | 1.57 | 1.59 | -0.48 | 0.96 |
| Profit before tax | 5.49 | 5.92 | 2.58 | 3.56 | 8.15 | 10.29 | -5.58 | 2.28 | 7.57 | -3.76 | -10.37 | -0.36 |
| Tax % | 25.14 | 22.97 | 23.64 | 24.44 | 22.45 | 27.31 | -18.64 | 21.93 | 31.57 | -41.49 | -15.04 | -200 |
| Net Profit | 4.11 | 4.56 | 1.96 | 2.68 | 6.32 | 7.47 | -4.54 | 1.78 | 5.19 | -2.2 | -8.8 | 0.36 |
| EPS in Rs | 1.66 | 1.84 | 0.79 | 1.08 | 2.55 | 3.01 | -1.83 | 0.72 | 2.09 | -0.89 | -3.54 | 0.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 73 | 96 | 117 | 119 | 143 | 173 | 163 | 154 |
| Expenses | 58 | 77 | 105 | 100 | 118 | 152 | 163 | 156 |
| Operating Profit | 15 | 18 | 13 | 19 | 24 | 21 | 0 | -2 |
| OPM % | 20 | 19 | 11 | 16 | 17 | 12 | 0.3 | -1.6 |
| Other Income | 1 | 1 | 1 | 2 | 2 | 3 | 1 | 1 |
| Interest | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 3 | 6 | 4 | 4 | 5 | 6 | 4 | 4 |
| Profit before tax | 11 | 13 | 7 | 14 | 19 | 16 | -4 | -7 |
| Tax % | 27 | 25 | 25 | 7 | 24 | 27 | -5 | — |
| Net Profit | 8 | 9 | 5 | 13 | 14 | 12 | -4 | -5 |
| EPS in Rs | 66.25 | 79 | 2.69 | 6.96 | 5.74 | 4.71 | -1.63 | -2.2 |
| Dividend Payout % | 31 | 21 | 0 | 0 | 11 | 21 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 16 | 16 | 21 | 25 | 25 |
| Reserves | 59 | 68 | 56 | 70 | 122 | 128 | 122 |
| Borrowings | 4 | 15 | 26 | 7 | 0 | 17 | 47 |
| Other Liabilities | 11 | 23 | 21 | 18 | 10 | 22 | 14 |
| Total Liabilities | 76 | 108 | 119 | 110 | 153 | 192 | 207 |
| Fixed Assets | 41 | 41 | 44 | 43 | 41 | 44 | 44 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 33 |
| Investments | 0 | 0 | 0 | 0 | 1 | 3 | 2 |
| Other Assets | 35 | 66 | 74 | 66 | 110 | 145 | 128 |
| Total Assets | 76 | 108 | 119 | 110 | 153 | 192 | 207 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 15 | -7 | 25 | -3 | -12 | 1 |
| Cash from Investing Activity | -2 | -23 | -3 | -3 | -28 | -6 | -25 |
| Cash from Financing Activity | -6 | 8 | 8 | -22 | 35 | 14 | 25 |
| Net Cash Flow | 0 | 0 | -2 | 0 | 4 | -4 | 0 |
| Free Cash Flow | 6 | 8 | -14 | 23 | -3 | -27 | -36 |
| CFO/OP | 64 | 101 | -37 | 152 | 11 | -37 | 74 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 38 | 53 | 45 | 52 | 49 | 50 | 26 |
| Inventory Days | 80 | 104 | 165 | 190 | 194 | 321 | 326 |
| Days Payable | 26 | 82 | 65 | 65 | 21 | 43 | 27 |
| Cash Conversion Cycle | 93 | 75 | 146 | 177 | 222 | 328 | 325 |
| Working Capital Days | 105 | 72 | 95 | 125 | 159 | 170 | 155 |
| ROCE % | — | 18 | 11 | 17 | 18 | 12 | -1 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.05% | 70.07% | 70.09% | 70.1% | 70.19% | 70.19% | 68.18% | 68.19% | 68.19% | 69.06% | 70.85% | 70.86% |
| FIIs | 2.63% | 0.79% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 2.3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.98% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.55% | 19.84% | 20.16% | 19.54% | 23.41% | 26.03% | 27.1% | 27.49% | 27.07% | 25.37% | 24.58% | 24.45% |
| Others | 10.77% | 7% | 9.76% | 10.36% | 6.4% | 3.78% | 4.72% | 4.32% | 4.74% | 4.6% | 4.57% | 4.69% |
| No. of Shareholders | 1932 | 1946 | 1856 | 2089 | 2330 | 2694 | 3447 | 3453 | 3484 | 3728 | 3786 | 3694 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 117.91 | Buy |
| EMA (10) | 118.5 | Buy |
| SMA (20) | 121.45 | Sell |
| EMA (20) | 120.11 | Sell |
| SMA (50) | 121.06 | Sell |
| EMA (50) | 121.61 | Sell |
| SMA (100) | 122.65 | Sell |
| EMA (100) | 127.83 | Sell |
| SMA (200) | 138.64 | Sell |
| EMA (200) | 166.45 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.08 | Neutral |
| MACD (12,26,9) | -1.72 | Sell |
| Stochastic (14,3,3) | 35.72 | Neutral |
| ADX (14) | 13.9 | Neutral |
| Williams %R (14) | -36.14 | Neutral |
| ATR (14) | 5.24 | High Volatility |
| ROC (12) | -1.44 | Sell |
| Stoch RSI (14) | 97.18 | Sell |
| UO (7,14,28) | 62.19 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Promoters of Essen Speciality Films declared no share encumbrance during FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 9 April 2026 - Promoters of Essen Speciality Films declared no share encumbrance during FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_08042026115702_Declaration11.pdf) |
| 7 April 2026 - Submitted Reg 74(5) certificate for quarter ended March 31, 2026; no rematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Reg 74(5) certificate for quarter ended March 31, 2026; no rematerialisation requests.](https://nsearchives.nseindia.com/corporate/ESSEN_07042026140847_Compliance_Certificate_DP_Q4.pdf) |
| 6 July 2026 - Mr. Pratik R. Kothari resigned as Independent Director of Essen Speciality Films effective July 06, 2026. | [Resignation 6 July 2026 - Mr. Pratik R. Kothari resigned as Independent Director of Essen Speciality Films effective July 06, 2026.](https://nsearchives.nseindia.com/corporate/ESSEN_06072026172312_Intimation_of_Resignation_of_Director.pdf) |
| 6 Jul - RTA confirms Regulation 74(5) not applicable for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - RTA confirms Regulation 74(5) not applicable for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/ESSEN_06072026175521_Compliance_Certificate_DP_Q1.pdf) |
| 6 Jul - Essen Speciality Films Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 6 Jul - Essen Speciality Films Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/ESFL_ROID_91185_KMP_Doc.zip) |
| 6 January 2026 - RTA certifies Regulation 74(5) non-applicable; all shares demat, no remat/demat requests for quarter ended Dec 31, 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - RTA certifies Regulation 74(5) non-applicable; all shares demat, no remat/demat requests for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/ESSEN_06012026171800_Compliance_Certificate_DP_Reg_Q3.pdf) |
| 31 Jul - Members approved migration of ESFL shares from NSE Emerge to Main Board. | [Shareholders meeting 31 Jul - Members approved migration of ESFL shares from NSE Emerge to Main Board.](https://nsearchives.nseindia.com/corporate/ESSEN_31072026172027_Voting_Results_Scrutinisers_Report_PB.pdf) |
| 31 January 2026 - Newspaper ads with QR linking standalone unaudited results for quarter and nine months ended Dec 31, 2025. | [Copy of Newspaper Publication 31 January 2026 - Newspaper ads with QR linking standalone unaudited results for quarter and nine months ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/ESSEN_31012026122207_Newspaper_Publication_Q3.pdf) |
| 31 Aug - Board appointed CA Jinal Rupani and Hetal Dobariya as independent directors from September 1, 2026. | [Change in Director(s) 31 Aug - Board appointed CA Jinal Rupani and Hetal Dobariya as independent directors from September 1, 2026.](https://nsearchives.nseindia.com/corporate/ESSEN_31082026125044_Intimation_of_Appointment_of_IDs.pdf) |
| 30 June 2026 - Clarifies June 29, 2026 postal ballot e-voting dates were correct; error only in covering letter. | [Updates 30 June 2026 - Clarifies June 29, 2026 postal ballot e-voting dates were correct; error only in covering letter.](https://nsearchives.nseindia.com/corporate/ESSEN_30062026115115_Clarification_to_Postal_Ballot.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31065_ESFL_2025_2026_A_7118580_02092026112448.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28141_ESFL_2024_2025_A_7673295_02092025152506.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25671_ESFL_2023_2024_04092024154737.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23352_ESFL_2022_2023_04092023130843_09042023140001.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2023 | [Concall - Aug 2023](https://archives.nseindia.com/corporate/ESFL_06082023145329_Presentation_Meeting.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:14:39.953Z.