Smiths & Founder Share Price ₹9.74 | P/E 157.1

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Smiths & Founder

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 +	2.72	3.24	2.36	2.94	3.13	3.11	3.63	3.22	3.25	3.23	3.82	3.40	3.54
Expenses +	2.53	2.95	2.20	2.73	2.75	2.72	3.19	2.77	2.80	2.87	3.41	3.01	3.55
Operating Profit	0.19	0.29	0.16	0.21	0.38	0.39	0.44	0.45	0.45	0.36	0.41	0.39	-0.01
OPM %	6.99%	8.95%	6.78%	7.14%	12.14%	12.54%	12.12%	13.98%	13.85%	11.15%	10.73%	11.47%	-0.28%
Other Income +	0.00	0.01	0.05	0.02	0.02	0.03	0.02	0.02	0.00	0.02	0.00	0.00	0.95
Interest	0.13	0.06	0.06	0.07	0.07	0.05	0.04	0.03	0.01	0.00	0.00	0.00	0.02
Depreciation	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.07	0.07	0.07
Profit before tax	0.00	0.18	0.09	0.10	0.27	0.31	0.36	0.38	0.38	0.32	0.34	0.32	0.85
Tax %		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.75%	35.29%	28.12%	27.06%
Net Profit +	0.00	0.18	0.08	0.10	0.27	0.31	0.36	0.37	0.37	0.26	0.23	0.24	0.62
EPS in Rs	0.00	0.02	0.01	0.01	0.03	0.03	0.04	0.04	0.04	0.03	0.02	0.02	0.06

Financials of Smiths & Founder

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 +	6.54	7.82	7.53	8.83	10.16	8.08	8.82	11.03	10.46	11.66	13.22	13.98
Expenses +	7.15	8.73	8.01	8.40	10.67	8.45	7.90	9.26	9.66	10.63	11.49	12.82
Operating Profit	-0.61	-0.91	-0.48	0.43	-0.51	-0.37	0.92	1.77	0.80	1.03	1.73	1.16
OPM %	-9.33%	-11.64%	-6.37%	4.87%	-5.02%	-4.58%	10.43%	16.05%	7.65%	8.83%	13.09%	8.30%
Other Income +	0.09	0.86	0.68	0.01	0.04	0.03	0.44	0.27	0.01	0.11	0.07	0.97
Interest	0.89	0.98	0.19	0.26	0.29	0.40	0.43	0.35	0.32	0.26	0.13	0.02
Depreciation	0.39	0.35	0.24	0.26	0.29	0.32	0.25	0.24	0.24	0.24	0.25	0.26
Profit before tax	-1.80	-1.38	-0.23	-0.08	-1.05	-1.06	0.68	1.45	0.25	0.64	1.42	1.85
Tax %	0.00%	10.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.06%	25.95%
Net Profit +	-1.81	-1.52	-0.23	-0.08	-1.05	-1.06	0.68	1.45	0.24	0.63	1.05	1.36
EPS in Rs	-0.18	-0.15	-0.02	-0.01	-0.10	-0.10	0.07	0.14	0.02	0.06	0.10	0.13
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials of Smiths & Founder

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	Sep 2025
Equity Capital	10.20	10.20	10.20	10.20	10.20	10.20	10.20	10.20	10.20	10.20	10.20	10.20
Reserves	2.60	-4.39	-5.04	-5.12	-6.23	-7.28	-6.65	-5.29	8.07	8.74	9.68	10.18
Borrowings +	7.97	1.86	2.26	2.20	3.87	4.74	4.75	2.82	2.91	2.25	0.41	0.99
Other Liabilities +	1.53	2.28	1.13	2.00	1.56	1.56	1.42	1.35	1.64	1.75	2.01	2.66
Total Liabilities	22.30	9.95	8.55	9.28	9.40	9.22	9.72	9.08	22.82	22.94	22.30	24.03
Fixed Assets +	19.36	7.29	5.85	5.87	6.28	6.17	5.81	5.67	18.76	18.85	18.85	18.91
CWIP	0.00	0.05	0.00	0.03	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets +	2.94	2.61	2.70	3.38	3.06	3.05	3.91	3.41	4.06	4.09	3.45	5.12
Total Assets	22.30	9.95	8.55	9.28	9.40	9.22	9.72	9.08	22.82	22.94	22.30	24.03

Financials of Smiths & Founder

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
Cash from Operating Activity +	-0.98	0.31	-1.80	-0.18	-0.27	-0.40	-0.04	2.28	0.38	1.17	2.04
Cash from Investing Activity +	0.05	7.05	1.64	-0.34	-0.75	-0.16	0.47	0.08	-0.21	-0.27	-0.24
Cash from Financing Activity +	0.89	-7.08	0.22	-0.30	-0.41	0.60	-0.33	-0.51	-0.22	-0.92	-1.79
Net Cash Flow	-0.03	0.28	0.05	-0.81	-1.43	0.03	0.10	1.85	-0.05	-0.02	0.01
Free Cash Flow	-0.96	7.35	-0.33	-0.49	-1.00	-0.55	0.40	2.35	0.16	0.86	1.78
CFO/OP	161%	-42%	360%	-42%	53%	108%	-4%	129%	48%	114%	127%

Financials of Smiths & Founder

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
Debtor Days	59.72	45.74	55.26	40.92	33.77	44.72	67.45	21.18	40.48	56.35	46.38
Inventory Days	173.41	93.15	118.19	232.27	129.47	182.50	203.14	216.98	213.54	135.75	84.90
Days Payable	100.65	131.17	31.29	93.62	13.26	21.73	11.95	10.11	13.24	6.23	3.10
Cash Conversion Cycle	132.47	7.72	142.16	179.58	149.98	205.50	258.65	228.04	240.77	185.86	128.18
Working Capital Days	-294.12	-39.67	-0.48	34.31	-27.66	-3.16	38.90	77.77	77.47	79.51	60.47
ROCE %	-5.34%	-8.65%	-9.15%	2.45%	-10.19%	-8.52%	13.91%	22.33%	3.94%	4.06%	7.47%

Rathi Steel & Power Ltd (Q1 FY27)
PAT growth seen with recent quarters growing by ~85% YoY, indicating strong earnings momentum. Key concall takeaways from Rathi Steel & Power Ltd's Q1 FY27…
SKP Bearing Industries Ltd (Q1 FY27)
SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20). Key concall takeaways…
Mitsu Chem Plast Ltd (Q1 FY27)
Q1 FY27 showed strong profitability with EBITDA margin improving to 16.29% and net profit margin to 9.18%. Key concall takeaways from Mitsu Chem Plast Ltd's Q1…
Simplex Castings Ltd (Q1 FY27)
Current capacity expansion planned for 300-350 crores revenue, further growth through organic or inorganic expansion. Key concall takeaways from Simplex…

Smiths & Founder Share Price & Earnings Call Analysis