Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of India Gelatine
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 56.55 | 58.04 | 48.73 | 47.85 | 51.21 | 50.09 | 42.71 | 52.56 | 53.16 | 39.10 | 46.90 | 44.83 | 38.98 |
| Expenses + | 43.59 | 45.64 | 41.15 | 40.27 | 43.76 | 44.24 | 39.01 | 48.45 | 45.65 | 31.20 | 38.27 | 37.15 | 33.98 |
| Operating Profit | 12.96 | 12.40 | 7.58 | 7.58 | 7.45 | 5.85 | 3.70 | 4.11 | 7.51 | 7.90 | 8.63 | 7.68 | 5.00 |
| OPM % | 22.92% | 21.36% | 15.56% | 15.84% | 14.55% | 11.68% | 8.66% | 7.82% | 14.13% | 20.20% | 18.40% | 17.13% | 12.83% |
| Other Income + | 0.90 | 2.14 | 1.91 | 2.54 | 1.65 | 2.32 | 1.87 | 1.68 | 1.80 | 2.20 | 1.84 | 2.02 | 2.34 |
| Interest | 0.27 | 0.12 | 0.20 | 0.13 | 0.28 | 0.17 | 0.11 | 0.12 | 0.28 | 0.11 | 0.11 | 0.09 | 0.17 |
| Depreciation | 0.97 | 1.17 | 1.19 | 1.18 | 1.72 | 1.34 | 1.36 | 1.42 | 1.38 | 1.15 | 1.16 | 1.06 | 1.14 |
| Profit before tax | 12.62 | 13.25 | 8.10 | 8.81 | 7.10 | 6.66 | 4.10 | 4.25 | 7.65 | 8.84 | 9.20 | 8.55 | 6.03 |
| Tax % | 26.23% | 24.30% | 31.85% | 11.46% | 29.30% | 24.32% | 24.63% | 16.00% | 25.49% | 19.80% | 30.00% | 16.96% | 25.70% |
| Net Profit + | 9.31 | 10.04 | 5.52 | 7.81 | 5.02 | 5.04 | 3.09 | 3.56 | 5.71 | 7.08 | 6.44 | 7.10 | 4.48 |
| EPS in Rs | 13.13 | 14.16 | 7.78 | 11.01 | 7.08 | 7.11 | 4.36 | 5.02 | 8.05 | 9.98 | 9.08 | 10.01 | 6.32 |
Financials of India Gelatine
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 115 | 93 | 74 | 98 | 112 | 132 | 144 | 160 | 205 | 206 | 199 | 170 |
| Expenses + | 109 | 89 | 74 | 96 | 107 | 124 | 135 | 152 | 172 | 171 | 177 | 141 |
| Operating Profit | 6 | 4 | 1 | 2 | 5 | 7 | 9 | 8 | 33 | 35 | 21 | 29 |
| OPM % | 5% | 5% | 1% | 2% | 5% | 6% | 6% | 5% | 16% | 17% | 11% | 17% |
| Other Income + | 7 | 5 | 6 | 4 | 4 | 3 | 4 | 4 | 3 | 8 | 8 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 5 | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 5 |
| Profit before tax | 7 | 5 | 3 | 3 | 6 | 6 | 9 | 7 | 32 | 37 | 23 | 33 |
| Tax % | 14% | 23% | -5% | 16% | -1% | 16% | 23% | 24% | 25% | 24% | 23% | 23% |
| Net Profit + | 6 | 4 | 3 | 2 | 6 | 5 | 7 | 6 | 24 | 28 | 17 | 25 |
| EPS in Rs | 6.62 | 3.89 | 3.37 | 3.19 | 8.11 | 7.56 | 10.02 | 7.91 | 33.70 | 40.03 | 24.52 | 35.39 |
| Dividend Payout % | 23% | 23% | 27% | 63% | 43% | 20% | 25% | 32% | 15% | 27% | 20% | 17% |
Financials of India Gelatine
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 109 | 112 | 115 | 92 | 95 | 97 | 103 | 108 | 129 | 147 | 164 | 186 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 8 | 6 | 4 |
| Other Liabilities + | 35 | 35 | 17 | 17 | 14 | 19 | 17 | 22 | 33 | 22 | 17 | 19 |
| Total Liabilities | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
| Fixed Assets + | 47 | 45 | 44 | 42 | 42 | 43 | 40 | 41 | 60 | 69 | 68 | 61 |
| CWIP | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 4 | 2 | 1 | 20 |
| Investments | 13 | 7 | 36 | 30 | 30 | 28 | 34 | 33 | 43 | 44 | 55 | 66 |
| Other Assets + | 93 | 104 | 60 | 43 | 44 | 53 | 52 | 62 | 73 | 70 | 71 | 70 |
| Total Assets | 154 | 157 | 141 | 115 | 116 | 124 | 127 | 136 | 180 | 184 | 195 | 217 |
Financials of India Gelatine
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 17 | 4 | -4 | 15 | 5 | 7 | 6 | 9 | 18 | 18 | 21 | 28 |
| Cash from Investing Activity + | 3 | 8 | -27 | -19 | -1 | -3 | -6 | -8 | -21 | -8 | -17 | -23 |
| Cash from Financing Activity + | -2 | -2 | -1 | -1 | -2 | -3 | -1 | -2 | 7 | -13 | -4 | -7 |
| Net Cash Flow | 18 | 10 | -32 | -5 | 2 | 1 | -1 | -1 | 3 | -3 | -0 | -2 |
| Free Cash Flow | 17 | 1 | -7 | 14 | 2 | 2 | 5 | 4 | -6 | 5 | 9 | 20 |
| CFO/OP | 320% | 136% | -675% | 971% | 105% | 136% | 81% | 146% | 70% | 79% | 120% | 125% |
Financials of India Gelatine
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 24 | 22 | 17 | 17 | 18 | 24 | 26 | 25 | 22 | 22 | 21 |
| Inventory Days | 198 | 187 | 365 | 209 | 180 | 178 | 129 | 130 | 176 | 182 | 136 | 182 |
| Days Payable | 19 | 22 | 54 | 48 | 23 | 52 | 25 | 36 | 60 | 35 | 19 | 20 |
| Cash Conversion Cycle | 191 | 189 | 333 | 178 | 175 | 144 | 127 | 120 | 140 | 169 | 139 | 183 |
| Working Capital Days | 111 | 139 | 206 | 112 | 102 | 90 | 95 | 95 | 66 | 77 | 78 | 206 |
| ROCE % | 3% | 2% | 1% | 2% | 6% | 7% | 7% | 6% | 24% | 22% | 12% | 18% |
EBITDA margin improvement potential in explosive business to reach mid-teens (18-19% global benchmarks), with combined Solar-BME margins currently at 13-14%…
The net debt has already been reduced significantly from Rs.922 Crores at acquisition to Rs.531 Crores. Key concall takeaways from Sudarshan Chemical…
250-260 crores in FY27 with about 20% EBITDA margin, growing at 11-12% annually in absolute terms. Key concall takeaways from Indo Borax & Chemicals Ltd's Q1…
Chemicals business is guided for 15-20% growth in FY27, with a strong Q1 performance positioning the company to possibly hit the higher end of this range (Page…