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Ester Industries Limited ESTER NSEINFRA

Basic Materials · Specialty Chemicals · India
https://www.esterindustries.com

Ester Industries Limited engages in the manufacture and sale of polyester films in India and internationally. The company operates through three segments: Polyester Films (BOPET), Specialty Polymers, and R – PET. The company offers polyester films comprising special chemical coated, metalized high and ultra-high barrier, transparent high barrier, isotropic, heat seal, retort, shrink sleeve, matte, UV stabilized, white opaque, gold, embossable, high clear, high friction, insulation, twist, antistatic, one side matte one side gloss, antifog, antifog sealable peelable, antimony-free, biodegradable, chemical resistance, digital printing, direct UV offset printable polyester, EVA coated, flame retardant, low friction silky matte, low emisivity, milky white, oxo-biodegradable, PVDC coated, post-consumer recycled, pre-primed, release/transfer, retort, sealable peelable, silky matte, straight tear polyethylene terephthalate (PET), thermoformable, velvet touch, and window metalized films, as well as printing, converting, and metallizing films. In addition, the company offers specialty polymers comprising masterbatches; technical yarns; textile grades for textile applications; PET for food and packaging applications; and polyester chips. It serves the food packaging, beverage packaging, home and personal care, industrial packaging, construction, identification and security, automotive, electrical and electronics, appliance, consumer and industrial goods, carpet, and textile industry markets. It also exports its products. The company was incorporated in 1985 and is headquartered in Gurugram, India. Ester Industries Limited is a subsidiary of Wilemina Finance Corporation.

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₹92.15
-34.24% 1Y

Market & Price

Market Cap
₹961.08 Cr
Current Price
₹92.15
High / Low (52W)
₹140.13 / ₹70.67
Beta
0.42

Valuation

Stock P/E
-
Industry PE
23.81
Forward P/E
-
PEG Ratio
-
Book Value
₹80.52
Price to Book
1.14
P/S
0.70
EV/EBITDA
15.50
Dividend Yield
0.65%

Profitability & Returns

ROCE
3.24%
ROE
-3.53%
ROA
0.95%
Profit Margin
-2.00%
Op Margin
7.16%
EPS (Latest Qtr)
₹0.81
EPS (TTM)
₹-2.82

Balance Sheet & Liquidity

Debt/Equity
0.93
Quick Ratio
0.82
Current Ratio
1.44
Debt
₹729.01 Cr
Total Assets
₹1,673.86 Cr
Current Assets
₹606.30 Cr
Working Capital
₹185.27 Cr

Ownership

Promoter Holding
80.95%
Chg in Prom Hold
-
FII / Inst Holding
0.03%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹1,465.37 Cr
Total Revenue (TTM)
₹1,375.19 Cr
EBITDA
₹94.54 Cr
Free Cash Flow
₹-60.95 Cr
Operating Cash Flow
₹88.54 Cr
Shares Outstanding
₹10.43 Cr
Gross Margin
35.73%
Payout Ratio
122.45%

Growth (CAGR)

Revenue 5Y
7.47%
Profit 5Y
-40.02%
Revenue (YoY)
7.70%
Earnings (YoY)
285.70%

PROS

No notable strengths flagged.

CONS

  • Earnings shrank at -40.0% CAGR over 5 years.
  • Trading 34.2% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ESTER Ester Industries Limited NSEINFRA 92.15 - ₹961.08 Cr 0.65% 3.24% -3.53% 7.47% -40.02%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 319.26 Cr338.20 Cr354.19 Cr338.98 Cr343.82 Cr
Cost of Revenue 195.91 Cr213.65 Cr241.38 Cr227.91 Cr200.91 Cr
Gross Profit 123.34 Cr124.55 Cr112.81 Cr111.07 Cr142.91 Cr
Operating Expenses 103.77 Cr121.33 Cr115.13 Cr111.98 Cr118.29 Cr
Operating Income 19.57 Cr3.23 Cr-2.32 Cr-91.86 L24.62 Cr
EBITDA 39.12 Cr28.96 Cr17.33 Cr20.96 Cr43.31 Cr
Interest Expense 15.66 Cr15.48 Cr17.23 Cr15.99 Cr16.21 Cr
Pretax Income 6.37 Cr-3.81 Cr-17.23 Cr-12.68 Cr9.44 Cr
Tax Provision 4.41 Cr3.35 Cr-1.45 Cr-26.35 L1.56 Cr
Net Income 1.96 Cr-7.16 Cr-15.78 Cr-12.41 Cr7.87 Cr
Diluted EPS 0.21-0.74-1.62-1.270.81

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -1,107.80 Cr1,057.31 Cr1,282.14 Cr1,375.19 Cr
Cost of Revenue -847.08 Cr936.80 Cr794.94 Cr883.86 Cr
Gross Profit -260.72 Cr120.50 Cr487.21 Cr491.34 Cr
Operating Expenses -168.28 Cr205.52 Cr408.77 Cr466.73 Cr
Operating Income -92.44 Cr-85.02 Cr78.44 Cr24.61 Cr
EBITDA -104.19 Cr3.39 Cr163.89 Cr110.56 Cr
Interest Expense -36.34 Cr70.36 Cr67.33 Cr64.91 Cr
Pretax Income -23.93 Cr-135.00 Cr27.81 Cr-24.28 Cr
Tax Provision -12.24 Cr-13.95 Cr14.11 Cr3.19 Cr
Net Income -136.90 Cr-121.05 Cr13.70 Cr-27.47 Cr
Diluted EPS -16.42-14.491.46-2.82

Compounded Sales Growth

5 Years:7.47%
1 Year:7.70%

Compounded Profit Growth

5 Years:-40.02%
1 Year:285.70%

Stock Price Performance

1 Year:-34.24%
6 Months:-14.24%
3 Months:-5.12%
1 Month:+2.18%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -1,714.54 Cr1,643.06 Cr1,572.91 Cr1,673.86 Cr
Current Assets -606.59 Cr543.35 Cr505.28 Cr606.30 Cr
Cash & Equivalents -28.35 Cr99.97 Cr22.56 Cr1.17 Cr
Inventory -172.23 Cr144.63 Cr161.42 Cr208.71 Cr
Receivables -151.53 Cr147.31 Cr170.34 Cr184.94 Cr
Total Liabilities -971.10 Cr925.52 Cr800.39 Cr891.13 Cr
Current Liabilities -358.76 Cr429.30 Cr331.85 Cr421.02 Cr
Long Term Debt -538.13 Cr438.51 Cr404.78 Cr404.95 Cr
Total Debt -815.71 Cr772.53 Cr660.18 Cr729.01 Cr
Total Equity -743.43 Cr717.54 Cr772.52 Cr782.73 Cr
Shares Outstanding -8.34 Cr9.40 Cr9.40 Cr9.76 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -57.74 Cr43.78 Cr112.19 Cr88.54 Cr
Investing Cash Flow --199.33 Cr41.71 Cr-56.48 Cr-116.43 Cr
Financing Cash Flow -113.81 Cr-13.88 Cr-133.11 Cr6.49 Cr
Capital Expenditure --256.59 Cr-73.46 Cr-31.00 Cr-61.44 Cr
Free Cash Flow --198.85 Cr-29.68 Cr81.19 Cr27.10 Cr
Net Change in Cash --27.79 Cr71.61 Cr-77.40 Cr-21.39 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -23.5%11.4%38.0%35.7%
Operating Margin % -8.3%-8.0%6.1%1.8%
Net Margin % -12.4%-11.4%1.1%-2.0%
ROE % -18.4%-16.9%1.8%-3.5%
ROCE % -6.8%-7.0%6.3%2.0%

Shareholding Pattern

Insiders
80.95%
Institutions
0.03%
Public Float
0.18%

Analyst View

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Latest News

Recent headlines for ESTER

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