Pradhin
Pradhin
IndustrialsKey Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.17 times its book value
- Company has delivered good profit growth of 59.1% CAGR over last 5 years
Weaknesses
7- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 0.11%
- Company has a low return on equity of 7.32% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.8.50 Cr.
- Debtor days have increased from 114 to 138 days.
- Promoter holding has decreased over last 3 years: -14.6%
Growth Rate
Quarterly Results
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.91 | 5.79 | 0.42 | 2.48 | 0 | 1.7 | 0 | 82.93 | 123 | 132 | 11.62 | 8 | 0 |
| Expenses | 7.96 | 5.84 | 0.49 | 2.51 | 0.02 | 1.73 | 0.04 | 81.72 | 122 | 129 | 8.39 | 8.17 | 0.27 |
| Operating Profit | -0.05 | -0.05 | -0.07 | -0.03 | -0.02 | -0.03 | -0.04 | 1.21 | 0.61 | 2.7 | 3.23 | -0.17 | -0.27 |
| OPM % | -0.63% | -0.86% | -16.67% | -1.21% | — | -1.76% | — | 1.46% | 0.5% | 2.04% | 27.8% | -2.12% | — |
| Other Income | 0 | 0.03 | 0 | 0.07 | 0 | 0.76 | 0.51 | -0.51 | 0.5 | 1.78 | 6.72 | 0 | 0 |
| Interest | 0 | 0.02 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0.01 |
| PBT | -0.05 | -0.04 | -0.07 | 0.04 | -0.02 | 0.72 | 0.47 | 0.7 | 1.11 | 4.47 | 9.94 | -0.17 | -0.28 |
| Tax % | 0% | -50% | 0% | 0% | -50% | 18.06% | 25.53% | -17.14% | 30.63% | 27.29% | 27.97% | -258.82% | -25% |
| Net Profit | -0.05 | -0.01 | -0.07 | 0.04 | -0.02 | 0.59 | 0.35 | 0.82 | 0.76 | 3.25 | 7.17 | 0.26 | -0.21 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.07 | 0 | 0 |
Profit & Loss
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62 | 46 | 22 | 28 | 18 | 33 | 114 | 24 | 19 | 17 | 5 | 338 | 152 |
| Expenses | 61 | 46 | 22 | 28 | 18 | 34 | 114 | 24 | 20 | 17 | 5 | 333 | 146 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | -2 | 1 | 0 | -1 | 0 | 0 | 4 | 5 |
| OPM % | 0.7% | 0.9% | 0.5% | 1.1% | 0.7% | -5% | 0.5% | -1% | -3.2% | -1.2% | -3.5% | 1.3% | 3.6% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0 | 0 | 0 | 0 | 0 | -2 | 1 | 0 | 0 | 0 | 1 | 7 | 14 |
| Tax % | 32% | 35% | 29% | 32% | 50% | -4% | 29% | 5% | 15% | -9% | 18% | 28% | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 1 | 5 | 10 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | -0.02 | 0.01 | 0 | 0 | 0 | 0.01 | 0.05 | 0.1 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 101 | 101 |
| Reserves | 3 | 4 | 4 | 4 | 4 | 2 | 3 | 2 | 3 | 2 | 3 | 13 | 20 |
| Borrowings | 4 | 4 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36 | 46 |
| Other Liabilities | 2 | 3 | 2 | 3 | 1 | 13 | 2 | 1 | 1 | 1 | 1 | 13 | 18 |
| Total Liabilities | 13 | 14 | 12 | 13 | 9 | 18 | 8 | 7 | 7 | 7 | 8 | 163 | 185 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12 | 13 | 12 | 13 | 8 | 18 | 8 | 7 | 7 | 7 | 8 | 163 | 185 |
| Total Assets | 13 | 14 | 12 | 13 | 9 | 18 | 8 | 7 | 7 | 7 | 8 | 163 | 185 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2 | 0 | 1 | 3 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -138 |
| Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing | 2 | 0 | -1 | -1 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 138 |
| Net Cash Flow | 0 | 0 | 1 | 2 | -3 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -2 | 0 | 1 | 3 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -138 |
| CFO/OP | -570 | 127 | 1,200 | 1,035 | -183 | 67 | 21 | 44 | 3 | 57 | 0 | -3,037 |
Ratios
| Particulars | 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 | 49 | 65 | 97 | 52 | 112 | 194 | 22 | 92 | 111 | 136 | 67 | 138 |
| Inventory Days | 11 | 4 | 6 | 7 | 0 | 0 | 0 | 0 | 2 | 0 | 336 | 0 |
| Days Payable | 11 | 19 | 28 | 25 | — | — | — | — | 14 | — | 78 | — |
| Cash Conversion Cycle | 50 | 50 | 76 | 34 | 112 | 194 | 22 | 92 | 100 | 136 | 324 | 138 |
| Working Capital Days | 29 | 36 | 62 | 20 | 91 | 55 | 18 | 83 | 109 | 120 | 486 | 161 |
| ROCE % | 6% | 6% | 3% | 4% | 2% | -26% | 11% | -3% | 6% | -1% | 10% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY08–FY25.
Documents
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Company Information
Incorporated in 1982, Pradhin Ltd is in the business of manufacturing milk and milk-related products[1]
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