Ester Industries

INR
86.80
-5.3 (-5.75%)
BSENSE

Mar 25

BSE+NSE Vol: 6.35 lacs

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stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

6.35 lacs (138.78%) Volume

Shareholding (Dec 2025)

FII

0.06%

Held by 6 FIIs

DII

0.12%

Held by 0 DIIs

Promoter

62.71%

When is the next results date for Ester Industries?

06-Jun-2025

No Upcoming Board Meetings

Has Ester Industries declared dividend?

06-Jun-2025

Ester Industries Ltd has declared a 10% dividend with an ex-date of September 20, 2023, but the dividend yield is 0%. Total returns vary, showing significant long-term gains, particularly a 299.71% return over the last 5 years, despite recent negative performance in shorter periods.

Ester Industries Ltd has declared a 10% dividend, ex-date: 20 Sep 23.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Ex-date: 20 Sep 2023<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -11.6%, the dividend return was 0%, resulting in a total return of -11.6%.<BR><BR>Over the past year, the price return was 21.03%, with a dividend return of 0%, leading to a total return of 21.03%.<BR><BR>For the 2-year period, the price return was 14.18%, the dividend return was 0.43%, which resulted in a total return of 14.61%.<BR><BR>In the 3-year timeframe, the price return was -1.35%, the dividend return was 2.06%, culminating in a total return of 0.71%.<BR><BR>Over the last 4 years, the price return was -1.89%, the dividend return was 4.23%, giving a total return of 2.34%.<BR><BR>Finally, in the 5-year period, the price return was 282.6%, the dividend return was 17.11%, resulting in a total return of 299.71%.<BR><BR>Overall, while Ester Industries has declared a dividend, the dividend yield remains at 0%. The total returns show a mix of performance, with significant gains over the long term, particularly in the 5-year period, despite recent negative returns in shorter timeframes.

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Who are the peers of the Ester Industries?

03-Jun-2025

Ester Industries' peers include EPL Ltd, AGI Greenpac, Uflex, Polyplex Corpn, TCPL Packaging, Arrow Greentech, Sh. Jagdamba Pol, Nahar Poly, and Oricon Enterprises. Polyplex Corpn has the highest 1-year return at 66.57%, while Ester Industries has a return of 20.63%.

Peers: Ester Industries has the following peers: EPL Ltd, AGI Greenpac, Uflex, Polyplex Corpn, TCPL Packaging, Arrow Greentech, Sh. Jagdamba Pol, Nahar Poly, and Oricon Enterpris.<BR><BR>Quality Snapshot: Excellent management risk is observed at EPL Ltd, TCPL Packaging, and Sh. Jagdamba Pol, while Average management risk is found at AGI Greenpac, Uflex, Polyplex Corpn, Arrow Greentech, Nahar Poly, and the rest. Good capital structure is noted at Polyplex Corpn, Sh. Jagdamba Pol, and Nahar Poly, while Average capital structure is found at AGI Greenpac, TCPL Packaging, and the rest. Below Average management risk is attributed to Ester Industries, Uflex, Oricon Enterpris, and the rest, with Below Average growth seen at Ester Industries, Uflex, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Polyplex Corpn at 66.57%, while the lowest is Uflex at 49.11%. Ester Industries has a 1-year return of 20.63%, which is lower than both. Additionally, the peers with negative six-month returns include EPL Ltd, AGI Greenpac, Uflex, and Arrow Greentech.

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Who are in the management team of Ester Industries?

16-Jul-2025

As of March 2022, the management team of Ester Industries includes Arvind Singhania (Chairman & CEO), Pradeep Kumar Rustagi (Executive Director), Ayush Vardhan Singhania (Whole-time Director), and several independent directors, totaling a diverse group of key individuals.

As of March 2022, the management team of Ester Industries includes the following individuals:<BR><BR>1. Arvind Singhania - Chairman & CEO<BR>2. A K Newatia - Independent Director<BR>3. M S Ramachandran - Independent Director<BR>4. Anand C Burman - Independent Director<BR>5. P S Dasgupta - Independent Director<BR>6. Pradeep Kumar Rustagi - Executive Director<BR>7. Archana Singhania - Director<BR>8. Sandeep Dinodia - Independent Director<BR>9. Padmaja Shailen Ruparel - Independent Director<BR>10. Ayush Vardhan Singhania - Whole-time Director<BR>11. Poornima Gupta - Company Secretary & Compliance Officer<BR><BR>As of March 2022, the management team of Ester Industries consists of a diverse group of individuals holding various key positions, including executive and independent directors.

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What does Ester Industries do?

17-Jul-2025

Ester Industries Ltd is a manufacturer of PET Film and Engineering Plastics in the packaging industry, with a market cap of INR 1,223 Cr. As of March 2025, it reported net sales of 3,193 Cr and a net profit of 20 Cr.

Overview: <BR>Ester Industries Ltd is a manufacturer of PET Film and Engineering Plastics operating in the Packaging industry within the Small Cap market-cap bracket.<BR><BR>History: <BR>Incorporated in February 1985, Ester Industries Ltd has maintained its status as a manufacturer in the packaging sector. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 3,193 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 20 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 1,223 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 90.00 <BR>Industry P/E: 40 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.90 <BR>Return on Equity: -11.65% <BR>Price to Book: 1.73 <BR><BR>Contact Details: <BR>Address: Sohan Nagar P O Charubeta, Udham Singh Nagar Khatima UTT : 262308 <BR>Tel: 91-5943-250153-57 <BR>Email: shares.deptt@ester.in <BR>Website: http://www.esterindustries.com

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Who are the top shareholders of the Ester Industries?

17-Jul-2025

The top shareholders of Ester Industries include Wilemina Finance Corporation with 50.54%, Vettel International Limited with 8.29%, and individual investors holding 21.39%. There are also 8 foreign institutional investors with 0.05% and one mutual fund with 0.01%, with no pledged promoter holdings reported.

The top shareholders of Ester Industries include the promoters, with Wilemina Finance Corporation holding the largest stake at 50.54%. Other significant shareholders are Vettel International Limited, which holds 8.29%, and individual investors who collectively own 21.39% of the company. Additionally, there are 8 foreign institutional investors (FIIs) holding 0.05% and one mutual fund scheme with a stake of 0.01%. There are no pledged promoter holdings reported.

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How big is Ester Industries?

24-Jul-2025

As of 24th July, Ester Industries Ltd has a market capitalization of 1,191.00 Cr, with recent net sales of 1,282.15 Cr and a net profit of 13.70 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Ester Industries Ltd has a market capitalization of 1,191.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 1,282.15 Cr, while the sum of Net Profit for the same period is 13.70 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 717.54 Cr and Total Assets totaling 1,643.06 Cr.

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How has been the historical performance of Ester Industries?

14-Nov-2025

Ester Industries showed a significant recovery in its financial performance for the fiscal year ending March 2025, with net sales increasing to 1,282.14 Cr and a profit after tax of 13.90 Cr, compared to losses in the previous year. Key metrics improved, including operating profit of 164.09 Cr and earnings per share of 1.46, despite a decrease in total assets and liabilities.

Answer:<BR>The historical performance of Ester Industries shows a fluctuating trend in key financial metrics over the years, with significant changes noted particularly in the most recent fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Ester Industries reported net sales of 1,282.14 Cr in March 2025, a notable increase from 1,063.45 Cr in March 2024 and 1,114.14 Cr in March 2023. The total operating income for March 2025 was also 1,282.14 Cr, reflecting the same upward trend. However, the total expenditure, excluding depreciation, rose to 1,134.95 Cr in March 2025 from 1,087.07 Cr in March 2024. This resulted in an operating profit (PBDIT) of 164.09 Cr for March 2025, recovering from a loss of 23.62 Cr in the previous year. The profit before tax for March 2025 was 28.01 Cr, a recovery from a loss of 135.00 Cr in March 2024, leading to a profit after tax of 13.90 Cr compared to a loss of 121.05 Cr in the prior year. The consolidated net profit for March 2025 was 13.70 Cr, a significant improvement from the previous year's loss. The earnings per share (EPS) for March 2025 stood at 1.46, recovering from a negative EPS of -12.88 in March 2024. On the balance sheet, total liabilities decreased to 1,572.91 Cr in March 2025 from 1,643.06 Cr in March 2024, while total assets also decreased to 1,572.91 Cr from 1,643.06 Cr. The cash flow from operating activities improved to 112.00 Cr in March 2025, up from 43.00 Cr in March 2024, although the net cash outflow was recorded at -77.00 Cr in March 2025. Overall, Ester Industries demonstrated a recovery in its financial performance in March 2025 after a challenging previous year.

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Is Ester Industries overvalued or undervalued?

18-Nov-2025

As of November 17, 2025, Ester Industries is considered undervalued with an attractive valuation grade, despite a high PE Ratio of 264.55, compared to industry peers, and has underperformed the Sensex with a year-to-date return of -31.69%.

As of 17 November 2025, Ester Industries' valuation grade has moved from fair to attractive, indicating a more favorable assessment of its worth. The company appears to be undervalued given its current metrics, particularly with a PE Ratio of 264.55, an EV to EBITDA of 12.00, and a Price to Book Value of 1.28. These ratios suggest that despite the high PE, the overall valuation may not reflect the company's potential compared to its peers.<BR><BR>In comparison to its industry, Ester Industries stands out with a significantly higher PE Ratio than competitors like Finolex Industries, which has a PE of 24.16, and Time Technoplast at 23.82. The PEG Ratio of 2.53 also indicates that while growth expectations are factored in, the current valuation may still provide an attractive entry point for investors. Recent stock performance has lagged behind the Sensex, with a year-to-date return of -31.69% compared to the Sensex's 8.72%, reinforcing the notion that the stock may be undervalued in the current market environment.

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Is Ester Industries technically bullish or bearish?

05-Dec-2025

As of December 4, 2025, Ester Industries is in a bearish trend, supported by bearish MACD indicators, moving averages, and a monthly outlook, despite a mildly bullish KST signal on the weekly chart.

As of 4 December 2025, the technical trend for Ester Industries has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view. Both the weekly and monthly MACD are bearish, and the daily moving averages confirm a bearish trend. The Bollinger Bands show a sideways movement on the weekly chart but are bearish on the monthly. Although the KST indicates a mildly bullish signal on the weekly timeframe, the overall monthly outlook remains bearish. The lack of significant signals from the RSI and the absence of trends in OBV further reinforce the bearish sentiment.

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Are Ester Industries Ltd latest results good or bad?

06-Feb-2026

Ester Industries Ltd's latest results are concerning, showing a consolidated net loss of ₹12.41 crores and a significant decline in sales and operating margins. This marks the third consecutive quarter of losses, indicating serious financial challenges for the company.

Ester Industries Ltd's latest results indicate a troubling financial situation. For the quarter ended December 2025, the company reported a consolidated net loss of ₹12.41 crores, which is a significant deterioration compared to the previous year, reflecting a 150% decline year-on-year. This marks the third consecutive quarter of losses, raising concerns about its operational viability.<BR><BR>Net sales also declined, falling by 4.29% quarter-on-quarter and 1.91% year-on-year, totaling ₹338.98 crores. The operating margin has sharply decreased to 4.93%, down from 17.22% a year ago, indicating severe margin compression and operational challenges. The company's profitability metrics are under significant strain, as evidenced by a negative PAT margin of -3.66%.<BR><BR>Overall, the results suggest that Ester Industries is facing critical challenges, including declining sales, widening losses, and significant margin erosion, which are not favorable indicators for its financial health. Investors should approach this situation with caution, as the company appears to be in a difficult position without clear signs of recovery.

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Should I buy, sell or hold Ester Industries Ltd?

07-Feb-2026

Why is Ester Industries Ltd falling/rising?

17-Mar-2026

As of 17-Mar, Ester Industries Ltd's stock price is rising to Rs 91.10 after a trend reversal, with a significant increase in investor participation. However, it remains below its moving averages and is close to its 52-week low, reflecting a longer-term decline of 22.04% over the past year.

As of 17-Mar, Ester Industries Ltd's stock price is rising, currently at Rs 91.10, with a change of 0.4 (0.44%) upward. This increase comes after a trend reversal, as the stock has gained following three consecutive days of decline. Additionally, there has been a notable rise in investor participation, with delivery volume on 16 March increasing by 208.91% compared to the 5-day average. <BR><BR>However, it is important to note that despite this recent uptick, the stock is still trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Furthermore, the stock is close to its 52-week low, being only 2.2% away from Rs 89.1. Overall, while there is a short-term rise in price, the longer-term performance shows a decline, with the stock down 22.04% over the past year compared to a positive return of 2.56% for the Sensex.

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Why is Ester Industries Ltd falling/rising?

18-Mar-2026

As of 18-Mar, Ester Industries Ltd's stock price is at Rs 93.20, having risen 1.91% recently. However, it has a year-to-date decline of 8.67% and is trading below major moving averages, indicating a longer-term bearish trend.

As of 18-Mar, Ester Industries Ltd's stock price is rising, currently at Rs 93.20, reflecting an increase of Rs 1.75 or 1.91%. This upward movement is notable as the stock has been gaining for the last two days, with a total return of 2.76% during this period. Additionally, the stock opened with a significant gain of 3.99% today, reaching an intraday high of Rs 95.1.<BR><BR>Despite this recent rise, it is important to note that the stock has been underperforming over longer periods, with a year-to-date decline of 8.67% and a one-year drop of 26.73%. Furthermore, it is currently trading below all major moving averages, indicating a longer-term bearish trend. The stock is also close to its 52-week low, being only 4.4% away from Rs 89.1.<BR><BR>Investor participation appears to be declining, as evidenced by a 31.11% drop in delivery volume compared to the five-day average. This suggests that while the stock is experiencing a short-term rise, there are underlying concerns regarding its overall performance and investor interest.

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Why is Ester Industries Ltd falling/rising?

19-Mar-2026

As of 19-Mar, Ester Industries Ltd's stock price is Rs 91.90, reflecting a 1.71% decrease and significant underperformance over various periods. The stock is near its 52-week low and is trading below all major moving averages, indicating a bearish trend despite increased investor participation.

As of 19-Mar, Ester Industries Ltd's stock price is falling, currently at Rs 91.90, which reflects a decrease of Rs 1.6 or 1.71%. This decline is part of a broader trend, as the stock has underperformed significantly over various periods, including a 27.75% drop over the past year and a 10.39% decline in the last month. <BR><BR>Today, the stock is close to its 52-week low, just 3.05% away from Rs 89.1, and it has experienced a downward movement after two consecutive days of gains. The stock also touched an intraday low of Rs 91, marking a decrease of 2.67%. Additionally, Ester Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.<BR><BR>While there was a notable increase in investor participation, with delivery volume rising by 156.21% on March 18 compared to the 5-day average, the overall performance of the sector, which has fallen by 2.57%, and the stock's continued underperformance against the benchmark Sensex, which has declined by 2.40% over the past week, contribute to the stock's current downward trajectory.

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Why is Ester Industries Ltd falling/rising?

20-Mar-2026

As of 20-Mar, Ester Industries Ltd's stock price has risen to Rs 92.50, an increase of 0.87%, despite a 30.66% decline over the past year. The stock is currently underperforming compared to the benchmark Sensex and is trading near its 52-week low, indicating ongoing challenges.

As of 20-Mar, Ester Industries Ltd is experiencing a slight rise in its stock price, currently at Rs 92.50, reflecting an increase of Rs 0.8 or 0.87%. This uptick comes despite the stock's overall poor performance in the past year, where it has declined by 30.66%. <BR><BR>The stock has underperformed compared to the benchmark Sensex over various periods, including a 1-month decline of 9.02% against a 10.00% drop in the Sensex. However, today's performance shows that Ester Industries has outperformed its sector by 0.92%, which may contribute to the current rise in price.<BR><BR>Additionally, there is a notable increase in investor participation, with delivery volume rising by 17.65% compared to the 5-day average, indicating growing interest in the stock. Despite this positive movement, it is important to note that Ester Industries is trading below its moving averages across multiple time frames, suggesting a longer-term downward trend. The stock is also close to its 52-week low, being only 3.68% away from Rs 89.1.<BR><BR>In summary, while Ester Industries Ltd is currently seeing a rise in its stock price, this is occurring against a backdrop of significant declines over the past year and ongoing challenges in maintaining upward momentum.

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Why is Ester Industries Ltd falling/rising?

23-Mar-2026

As of 23-Mar, Ester Industries Ltd's stock price is Rs. 88.30, down 3.34%, marking a new 52-week low. The stock has underperformed against the benchmark and is trading below all key moving averages, reflecting a challenging market environment.

As of 23-Mar, Ester Industries Ltd's stock price is falling, currently at Rs. 88.30, which reflects a decrease of Rs. 3.05 or 3.34%. The stock has been on a downward trend, having lost 5.56% over the last three days. Additionally, it has reached a new 52-week low of Rs. 88.15 today. <BR><BR>Despite opening with a gain of 3.56% and touching an intraday high of Rs. 94.6, the stock's performance has been negatively impacted by its trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). The broader sector, Plastic Products, has also seen a decline of 4.36%, which may contribute to the negative sentiment surrounding the stock. <BR><BR>In terms of performance relative to the benchmark, Ester Industries has underperformed over various periods, including a year-to-date decline of 13.47% compared to the Sensex's 14.70%. Although there has been a rise in investor participation, with delivery volume increasing significantly, the overall trend indicates a struggle for the stock amidst a challenging market environment.

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Why is Ester Industries Ltd falling/rising?

24-Mar-2026

As of 24-Mar, Ester Industries Ltd's stock price is rising to Rs 92.10, up 4.01% after a trend reversal following three days of decline. This increase is supported by strong investor interest and outperformance relative to its sector.

As of 24-Mar, Ester Industries Ltd's stock price is rising, currently at Rs 92.10, reflecting an increase of Rs 3.55 or 4.01%. This upward movement can be attributed to several factors. Firstly, the stock has shown a trend reversal, gaining after three consecutive days of decline, which indicates a potential recovery in investor sentiment. Additionally, the stock has outperformed its sector by 2.48% today, suggesting that it is gaining traction relative to its peers.<BR><BR>Moreover, the stock reached an intraday high of Rs 93.4, marking a 5.48% increase during the trading session, which further demonstrates positive momentum. The rising investor participation is also noteworthy, with a delivery volume of 1.14 lacs on 23 March, which has increased by 0.67% compared to the five-day average delivery volume, indicating growing interest from investors.<BR><BR>While the stock is still close to its 52-week low, being only 4.29% away from Rs 88.15, the current performance suggests a shift in market dynamics that may be encouraging investors to buy. Overall, these factors contribute to the stock's rise on this date.

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Why is Ester Industries Ltd falling/rising?

25-Mar-2026

As of 25-Mar, Ester Industries Ltd's stock price is declining, currently at Rs. 86.80, with a new 52-week low of Rs. 85.15. The stock has underperformed significantly over various time frames, reflecting weak fundamentals and high volatility, contributing to a bearish trend.

As of 25-Mar, Ester Industries Ltd is experiencing a decline in its stock price, currently at Rs. 86.80, which reflects a change of -5.3 (-5.75%). The stock has hit a new 52-week low of Rs. 85.15 today, indicating significant downward pressure. Over the past week, the stock has underperformed, with a drop of -7.17%, compared to a lesser decline of -1.87% in the Sensex. <BR><BR>In the last month, the stock has fallen by -19.55%, while the broader market index has only decreased by -8.51%. Year-to-date, the stock is down -14.94%, again underperforming the Sensex, which has declined by -11.67%. Over the past year, the stock has generated a return of -30.39%, significantly worse than the Sensex's -3.52% decline.<BR><BR>The stock's volatility is also notable, with an intraday volatility of 6.14% and a wide trading range of Rs. 9.35 today. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend. The delivery volume has decreased by -12.86% against the 5-day average, suggesting falling investor participation.<BR><BR>Financially, the company has reported weak fundamentals, with a -41.20% compound annual growth rate in operating profits over the last five years and a high Debt to EBITDA ratio of 6.07 times, indicating low ability to service debt. Recent negative earnings reports have further exacerbated the situation, with a significant drop in profit before tax and profit after tax compared to previous quarters.<BR><BR>Overall, the combination of poor performance metrics, high volatility, and weak investor confidence is contributing to the decline in Ester Industries Ltd's stock price.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Weak Long Term Fundamental Strength with a -41.20% CAGR growth in Operating Profits over the last 5 years

  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 6.07 times
  • The company has been able to generate a Return on Equity (avg) of 8.80% signifying low profitability per unit of shareholders funds
2

Negative results in Dec 25

3

Despite the size of the company, domestic mutual funds hold only 0.03% of the company

4

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Packaging

stock-summary
Market cap

INR 915 Cr (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

37

stock-summary
Dividend Yield

0.65%

stock-summary
Debt Equity

0.71

stock-summary
Return on Equity

0.48%

stock-summary
Price to Book

1.13

Revenue and Profits:
Net Sales:
339 Cr
(Quarterly Results - Dec 2025)
Net Profit:
-12 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.65%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-18.95%
0%
-18.95%
6 Months
-21.94%
0%
-21.94%
1 Year
-30.39%
0.48%
-29.91%
2 Years
-4.72%
0.62%
-4.1%
3 Years
-0.56%
1.07%
0.51%
4 Years
-34.59%
1.68%
-32.91%
5 Years
-24.85%
5.19%
-19.66%

Latest dividend: 0.6 per share ex-dividend date: Sep-19-2025

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

24-Mar-2026 | Source : BSE

Voting Results along with Scrutinizer Report of the Postal Ballot

Announcement Under Regulation 30 - Cancellation Of Proposed Inter-Se Transfer Of Shares Amongst Promoter And Promoter Group

24-Mar-2026 | Source : BSE

Intimation of cancellation of proposed Inter-se transfer of shares amongst promoter and promoter group

Shareholder Meeting / Postal Ballot-Scrutinizers Report

24-Mar-2026 | Source : BSE

Scrutinizer Report on remote e-voting of the Postal Ballot

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

Ester Industries Ltd has declared 12% dividend, ex-date: 19 Sep 25

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
3.81%
EBIT Growth (5y)
-41.20%
EBIT to Interest (avg)
2.02
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.71
Sales to Capital Employed (avg)
0.90
Tax Ratio
22.12%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.19%
ROCE (avg)
7.03%
ROE (avg)
8.80%

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
37
Price to Book Value
1.07
EV to EBIT
72.18
EV to EBITDA
15.88
EV to Capital Employed
1.04
EV to Sales
1.05
PEG Ratio
NA
Dividend Yield
0.69%
ROCE (Latest)
4.63%
ROE (Latest)
0.48%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 1 Schemes (0.01%)

FIIs

Held by 6 FIIs (0.06%)

Promoter with highest holding

Wilemina Finance Corp. (50.54%)

Highest Public shareholder

Vettel International Ltd (8.29%)

Individual Investors Holdings

21.99%

stock-summaryFinancial
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        {
          "field": "Consolidate Net Profit",
          "val1": "-12.41",
          "val2": "-15.78",
          "chgp": "21.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "4.93%",
          "val2": "4.24%",
          "chgp": "0.69%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 12.16% vs 18.95% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -75.31% vs 75.09% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "692.39",
          "val2": "617.31",
          "chgp": "12.16%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "35.53",
          "val2": "51.01",
          "chgp": "-30.35%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "32.71",
          "val2": "35.23",
          "chgp": "-7.15%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-22.93",
          "val2": "-13.08",
          "chgp": "-75.31%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "5.13%",
          "val2": "8.26%",
          "chgp": "-3.13%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 7.11% vs 22.39% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is -401.02% vs 112.06% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,031.37",
          "val2": "962.89",
          "chgp": "7.11%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "52.25",
          "val2": "110.53",
          "chgp": "-52.73%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "48.70",
          "val2": "51.67",
          "chgp": "-5.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-35.34",
          "val2": "11.74",
          "chgp": "-401.02%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "5.07%",
          "val2": "11.48%",
          "chgp": "-6.41%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 20.56% vs -4.55% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 111.32% vs -188.42% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,282.14",
          "val2": "1,063.45",
          "chgp": "20.56%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "147.19",
          "val2": "-23.62",
          "chgp": "723.16%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "67.33",
          "val2": "70.36",
          "chgp": "-4.31%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "13.70",
          "val2": "-121.05",
          "chgp": "111.32%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.48%",
          "val2": "-2.22%",
          "chgp": "13.70%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
338.98
354.19
-4.29%
Operating Profit (PBDIT) excl Other Income
16.72
15.02
11.32%
Interest
15.99
17.23
-7.20%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-12.41
-15.78
21.36%
Operating Profit Margin (Excl OI)
4.93%
4.24%
0.69%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is -4.29% vs 4.73% in Sep 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 21.36% vs -120.39% in Sep 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
692.39
617.31
12.16%
Operating Profit (PBDIT) excl Other Income
35.53
51.01
-30.35%
Interest
32.71
35.23
-7.15%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-22.93
-13.08
-75.31%
Operating Profit Margin (Excl OI)
5.13%
8.26%
-3.13%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 12.16% vs 18.95% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is -75.31% vs 75.09% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
1,031.37
962.89
7.11%
Operating Profit (PBDIT) excl Other Income
52.25
110.53
-52.73%
Interest
48.70
51.67
-5.75%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-35.34
11.74
-401.02%
Operating Profit Margin (Excl OI)
5.07%
11.48%
-6.41%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 7.11% vs 22.39% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is -401.02% vs 112.06% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
1,282.14
1,063.45
20.56%
Operating Profit (PBDIT) excl Other Income
147.19
-23.62
723.16%
Interest
67.33
70.36
-4.31%
Exceptional Items
0.00
0.00
Consolidate Net Profit
13.70
-121.05
111.32%
Operating Profit Margin (Excl OI)
11.48%
-2.22%
13.70%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 20.56% vs -4.55% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 111.32% vs -188.42% in Mar 2024

stock-summaryCompany CV
About Ester Industries Ltd stock-summary
stock-summary
Ester Industries Ltd
Micro Cap
Packaging
Incorporated in February, 1985, Ester Industries Ltd is a manufacturer of PET Film and Engineering Plastics. Promoted by Sitaram Singhania, along with J P Shroff, the Company is having installed capacity 36000 TPA Polyester Chips, 18000 TPA Polyester Films and 6000 TPA Dope-dyed Coarse Denier Polyester Filament Yarn. The total cost of the project was Rs 84.4 cr, which was part-financed by a public issue in Feb.'88.
Company Coordinates stock-summary
Company Details
Sohan Nagar P O Charubeta, Udham Singh Nagar Khatima UTT : 262308
stock-summary
Tel: 91-5943-250153-57
stock-summary
shares.deptt@ester.in
Registrar Details
MAS Services Ltd, T-34 , 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi