Pokarna Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹2,095 Cr
- P/E
- 22.08
- ROE
- 9.85%
- PEG
- 3.18
- Price to sales
- 3.54
- Debt to equity
- 0.53
- 52W high / low
- ₹1,132 / ₹660
- Sales growth (5Y)
- 14.17%
- EBITDA margin
- 30.09%
- Net profit margin
- 14.09%
- Promoter holding
- 56.66%
- Sales (last year)
- ₹590 Cr
Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]
Guidance scorecard · Q4 FY26 call
What Pokarna Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY26 call
0–10%- Demand uncertainty persists due to U.S. tariffs, impacting order timing and volumes, especially post-April 2025.
- Non-U.S. markets (Czech Republic, Canada, France, Mexico, Russia, others) showing encouraging demand with a gradual increase in revenues.
- Focus on geographic diversification to reduce dependence on the U.S. market.
- Launch of new product lines (KREOS already in production; Chromia launching in September 2025) expected to enhance portfolio and contribute to revenue growth.
- Expansion plans include new capacity expected to add around Rs. 500 crore turnover when fully operational, likely contributing from FY 2026-27.
- Hospitality sector pipeline remains strong, with ongoing inquiries and steady demand expected.
2 more points from Pokarna Ltd's call on revenue
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MarginsQ1 FY26 call
FlatSee what Pokarna Ltd said on margins — free account, 30 seconds.
CapexQ1 FY26 call
Planned- Pokarna Limited has placed orders for new machines as part of a capacity expansion project.
- The new machines have a delivery timeframe of about one year, and construction work for the expansion has already started.
- The expanded production from this new capacity is expected to commence in the financial year ending 2026-27.
- The company highlights that the new machines will enable production of thinner slabs and innovative products like KREOS and Chromia lines, which are not matched by competitors.
2 more points from Pokarna Ltd's call on capex
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FundraisingQ1 FY26 call
See what Pokarna Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY26 call
- Current slowdown in new orders observed post-April due to tariff uncertainty between India and U.S.
- Orders executed in Q1 were received 3-4 months prior, before tariff imposition concerns intensified.
- Customers were holding back release of new orders, awaiting final tariff clarity.
- Final tariff with 25% effective from August created further caution among customers.
- Despite uncertainty, long-term regular customers continue developing future collections and product innovations.
- Overall demand affected in short term, but ongoing development and discussions with customers continue.
- New orders expected to recover gradually post tariff clarity and price adjustments.
2 more points from Pokarna Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Pokarna Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Pokarna Ltd
Quarterly Results
Quarter-by-quarter operating performance
| 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 + | 113 | 161 | 162 | 200 | 165 | 162 | 193 | 251 | 224 | 263 | 171 | 118 | 135 |
| Expenses + | 87 | 130 | 115 | 131 | 111 | 121 | 132 | 165 | 146 | 162 | 113 | 95 | 94 |
| Operating Profit | 26 | 32 | 46 | 68 | 53 | 41 | 61 | 86 | 78 | 101 | 58 | 24 | 41 |
| OPM % | 23% | 20% | 29% | 34% | 32% | 25% | 32% | 34% | 35% | 38% | 34% | 20% | 30% |
| Other Income + | 1 | 3 | 2 | 5 | 0 | 2 | 5 | 2 | 11 | 3 | 0 | 7 | 7 |
| Interest | 12 | 11 | 10 | 11 | 9 | 9 | 9 | 9 | 9 | 10 | 8 | 9 | 8 |
| Depreciation | 11 | 10 | 11 | 10 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| Profit before tax | 4 | 13 | 27 | 52 | 34 | 23 | 46 | 69 | 69 | 82 | 38 | 10 | 28 |
| Tax % | 40% | 20% | 34% | 37% | 38% | 32% | 28% | 34% | 27% | 29% | 25% | 36% | 27% |
| Net Profit + | 3 | 11 | 18 | 33 | 21 | 16 | 33 | 45 | 51 | 59 | 28 | 6 | 20 |
| EPS in Rs | 0.85 | 3.45 | 5.78 | 10.55 | 6.85 | 5.00 | 10.67 | 14.50 | 16.32 | 19.00 | 9.12 | 2.04 | 6.57 |
Financials of Pokarna Ltd
Profit & Loss
Annual income statement trend
| 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 + | 226 | 324 | 391 | 365 | 335 | 459 | 393 | 295 | 650 | 725 | 687 | 925 | 687 |
| Expenses + | 178 | 239 | 256 | 234 | 240 | 315 | 262 | 212 | 473 | 553 | 477 | 598 | 464 |
| Operating Profit | 48 | 85 | 134 | 131 | 95 | 144 | 132 | 83 | 176 | 171 | 211 | 327 | 223 |
| OPM % | 21% | 26% | 34% | 36% | 28% | 31% | 33% | 28% | 27% | 24% | 31% | 35% | 32% |
| Other Income + | 9 | 15 | -12 | 10 | 6 | 9 | 5 | 6 | 7 | 9 | 8 | 21 | 18 |
| Interest | 33 | 34 | 38 | 33 | 30 | 27 | 23 | 22 | 42 | 49 | 40 | 38 | 35 |
| Depreciation | 20 | 23 | 18 | 17 | 20 | 26 | 23 | 21 | 39 | 40 | 43 | 44 | 49 |
| Profit before tax | 3 | 43 | 66 | 90 | 51 | 101 | 91 | 45 | 102 | 91 | 136 | 266 | 158 |
| Tax % | -325% | 28% | 22% | 22% | 17% | 20% | 22% | 37% | 23% | 28% | 36% | 29% | |
| Net Profit + | 12 | 31 | 51 | 70 | 42 | 81 | 71 | 28 | 78 | 66 | 87 | 188 | 114 |
| EPS in Rs | 3.77 | 10.12 | 16.52 | 22.66 | 13.62 | 26.02 | 22.81 | 9.12 | 25.25 | 21.23 | 28.18 | 60.49 | 36.73 |
| Dividend Payout % | 11% | 6% | 12% | 3% | 4% | 2% | 3% | 7% | 2% | 3% | 2% | 1% |
Financials of Pokarna Ltd
Balance Sheet
Capital structure and asset base
| 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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 20 | 47 | 91 | 145 | 185 | 264 | 332 | 359 | 437 | 501 | 586 | 772 | 805 |
| Borrowings + | 310 | 290 | 272 | 271 | 255 | 238 | 288 | 312 | 515 | 459 | 401 | 370 | 275 |
| Other Liabilities + | 91 | 85 | 99 | 76 | 60 | 89 | 292 | 325 | 214 | 138 | 221 | 256 | 219 |
| Total Liabilities | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 1,003 | 1,172 | 1,104 | 1,215 | 1,403 | 1,305 |
| Fixed Assets + | 259 | 241 | 239 | 260 | 270 | 259 | 269 | 699 | 758 | 733 | 710 | 793 | 805 |
| CWIP | 3 | 6 | 20 | 3 | 3 | 55 | 431 | 65 | 1 | 1 | 65 | 41 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 165 | 182 | 209 | 235 | 234 | 283 | 218 | 239 | 412 | 371 | 440 | 569 | 496 |
| Total Assets | 426 | 428 | 468 | 497 | 506 | 597 | 918 | 1,003 | 1,172 | 1,104 | 1,215 | 1,403 | 1,305 |
Financials of Pokarna Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -15 | 61 | 106 | 111 | 77 | 108 | 379 | 98 | 59 | 136 | 188 | 191 |
| Cash from Investing Activity + | -5 | -15 | -30 | -31 | -28 | -64 | -386 | -84 | -210 | -25 | -32 | -82 |
| Cash from Financing Activity + | 16 | -41 | -75 | -65 | -52 | -44 | -1 | -12 | 161 | -114 | -108 | -101 |
| Net Cash Flow | -4 | 5 | -0 | 16 | -3 | 1 | -7 | 1 | 10 | -3 | 47 | 8 |
| Free Cash Flow | -21 | 45 | 74 | 79 | 47 | 41 | -12 | 11 | -156 | 103 | 149 | 96 |
| CFO/OP | -27% | 75% | 88% | 103% | 103% | 91% | 300% | 131% | 42% | 96% | 104% | 75% |
Financials of Pokarna Ltd
Ratios
Working capital efficiency and return ratios
| 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 | 86 | 78 | 73 | 67 | 76 | 54 | 31 | 54 | 80 | 55 | 64 | 73 |
| Inventory Days | 569 | 311 | 354 | 468 | 466 | 251 | 272 | 463 | 285 | 218 | 242 | 185 |
| Days Payable | 203 | 126 | 97 | 134 | 137 | 98 | 102 | 192 | 167 | 71 | 110 | 105 |
| Cash Conversion Cycle | 452 | 264 | 330 | 401 | 405 | 208 | 202 | 325 | 198 | 202 | 195 | 153 |
| Working Capital Days | -58 | 4 | 2 | 20 | 38 | 8 | -11 | -31 | 30 | 55 | 64 | 52 |
| ROCE % | 9% | 20% | 34% | 31% | 19% | 27% | 20% | 10% | 18% | 15% | 18% | 28% |
Guidance history
How Pokarna Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q2 FY25 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
9 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −26.4% | 28% |
| Last 6 months | −22.5% | 15% |
| Last 3 months | −26.5% | 6% |
The price is 50.1% below its all-time high of ₹1,352.8 (1 Feb 2025). Stocks more than 20% below their peak have their score halved, so 18 became 9.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Pokarna Ltd: 0.4 × 28 + 0.4 × 15 + 0.2 × 6 = 18, halved to 9 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Pokarna Ltd's management said in earlier quarters
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