Market cap
$8,393 Mln
Revenue (TTM)
$2,621 Mln
P/E Ratio
19.5
P/B Ratio
8.2
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 1.34 | 8.86 | 9.43 | 9.90 | 10.14 |
| EBIT | 8.28 | 31.25 | 18.88 | 53.66 | 18.40 |
| Net Profit | 7.14 | 26.09 | 8.53 | 10.09 | 9.75 |
| EPS | 7.99 | 42.10 | 30.52 | 90.50 | 18.49 |
| Book Value | -- | -- | -20.06 | 2.03 | 0.40 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 19.09 | 16.20 | 24.96 | 22.04 | 23.79 |
| Net Margin
| -- | 7.56 | 17.00 | -- | -- |
| Return on equity
| 20.86 | 16.47 | 43.58 | 26.35 | 25.11 |
| Return on Capital
| 11.64 | 9.62 | -- | 14.53 | 14.76 |
| Return on Assets
| 8.41 | 6.88 | 9.41 | 10.48 | 10.64 |
| Debt to Equity (x)
| -- | -- | 1.64 | 1.15 | 0.56 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
14.53
|
14.76
|
5.62
|
3.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
43.58
Higher than Peers by 16.63
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
43.58
|
26.35
|
25.11
|
11.13
|
5.38
|
|
Peer Median
|
26.95
|
--
|
--
|
--
|
--
|
ROA
9.41
Higher than Peers by 1.02
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
9.41
|
10.48
|
10.64
|
4.10
|
2.22
|
|
Peer Median
|
8.39
|
--
|
--
|
--
|
--
|
EBIT Margin
24.96
Lower than Peers by 3.40
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
24.96
|
22.04
|
23.79
|
11.44
|
8.50
|
|
Peer Median
|
28.36
|
--
|
--
|
--
|
--
|
Net Margin
17.00
Lower than Peers by 4.55
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
17.00
|
15.30
|
16.26
|
6.92
|
3.79
|
|
Peer Median
|
21.54
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.43
Higher than Peers by 0.54
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
9.43
|
0.07
|
0.12
|
0.09
|
0.10
|
|
Peer Median
|
8.89
|
--
|
--
|
--
|
--
|
EBIT Growth
18.88
Higher than Peers by 4.30
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
18.88
|
-0.41
|
132.08
|
46.67
|
-38.66
|
|
Peer Median
|
14.58
|
--
|
--
|
--
|
--
|
Net Profit Growth
8.53
Lower than Peers by 7.71
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
8.53
|
1.16
|
162.15
|
100.14
|
-63.53
|
|
Peer Median
|
16.24
|
--
|
--
|
--
|
--
|
EPS Growth
30.52
Higher than Peers by 4.04
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
30.52
|
0.07
|
1.62
|
0.99
|
-0.63
|
|
Peer Median
|
26.49
|
--
|
--
|
--
|
--
|
Book Value Growth
-23.66
Lower than Peers by 30.19
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
-23.66
|
--
|
--
|
--
|
--
|
|
Peer Median
|
6.53
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.64
Higher than Peers by 0.76
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
1.64
|
1.15
|
0.56
|
0.87
|
1.10
|
|
Peer Median
|
0.88
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.06
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
0.06
|
0.03
|
0.02
|
0.05
|
0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.05
Lower than Peers by 0.00
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
1.05
|
0.99
|
1.05
|
0.93
|
0.92
|
|
Peer Median
|
1.05
|
--
|
--
|
--
|
--
|
Quick Ratio
1.05
Lower than Peers by 0.01
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
1.05
|
--
|
1.09
|
--
|
0.92
|
|
Peer Median
|
1.06
|
--
|
--
|
--
|
--
|
Interest Coverage
10.27
Higher than Peers by 1.40
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
10.27
|
13.48
|
10.85
|
4.51
|
5.60
|
|
Peer Median
|
8.87
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.63
Lower than Peers by 2.17
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
16.63
|
16.63
|
16.28
|
16.90
|
16.46
|
|
Peer Median
|
18.80
|
--
|
--
|
--
|
--
|
Asset Turnover
0.55
Higher than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
0.55
|
0.69
|
0.65
|
0.59
|
0.59
|
|
Peer Median
|
0.44
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
58.03
|
57.39
|
58.44
|
57.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
-15.03
|
-15.99
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
35.49
|
33.78
|
33.47
|
35.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
--
|
7.51
|
7.62
|
24.97
|
21.40
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
19.52
Lower than Peers by 8.00
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
19.52
|
23.64
|
39.24
|
87.23
|
131.18
|
|
Peer Median
|
27.52
|
--
|
--
|
--
|
--
|
Price / Book Value
8.18
Higher than Peers by 1.57
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
8.18
|
7.24
|
8.97
|
9.27
|
7.66
|
|
Peer Median
|
6.61
|
--
|
--
|
--
|
--
|
Dividend Yield
0.22
Lower than Peers by 0.64
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
0.22
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.86
|
--
|
--
|
--
|
--
|
EV/EBITDA
11.27
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
11.27
|
13.34
|
20.32
|
31.28
|
31.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
8,393
Higher than Peers by 6,285
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Morningstar (MORN)
|
8,393
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2,108
|
--
|
--
|
--
|
--
|