1. India Stocks

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    Process industries

  3. •

    Industrial specialties
Ester Industries Limited

Ester Industries Limited

88.81
INR
-1.43
(-1.58%)
-0.17EPS
9.37BMarket Cap
Nov 05Next Earn
Ester Industries Limited
NSE:ESTER
(National Stock Exchange of India)

Recent

price

88.81

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
105.1
111.23
140.88
148.21
143.07
95.95
83.92
96.81
122.74
124.12
118.5
132.9
132.84
126.57
136.12
140.74
149.33
Revenue per Share
20.58
-2.21
-0.84
1.34
0.61
0.57
-1.28
0.63
3.73
11.93
16.49
16.39
16.42
-14.49
1.46
-2.82
-0.17
Basic EPS, GAAP
-22.03
1.7
-2.23
-0.82
4.96
7.18
4.28
4.19
10.94
15.88
1.16
-42.2
-23.85
-3.55
8.65
2.78
- -
Free Cash Flow per Basic Share
3.46
2.3
0.01
- -
0.57
0.01
0.01
- -
- -
0.6
4
3.3
1.9
0.5
- -
0.6
- -
Dividend per Share
44.11
41.85
40.98
41.81
43.41
34.5
33.2
33.97
37.7
48.94
61.4
74.55
89.15
76.37
82.15
80.21
- -
Book Value per Share
44.11
41.75
40.84
41.67
43.34
34.2
32.93
33.73
37.54
48.71
61.3
74.49
88.99
76.29
82.1
80.18
- -
Tangible Book Value per Share
63
63
63
63
63
80
83
83
83
83
83
83
83
84
94
97
98
Basic Weighted Avg Shares
6,610
6,996
8,860
9,285
8,963
7,708
6,998
8,073
10,236
10,351
9,882
11,083
11,078
10,573
12,771
13,711
14,691
Sales/Revenue/Turnover
31.06
1.71
1.48
4.87
4.58
5.67
2.17
4.8
7.94
15.34
20.4
12.46
8.34
-8.04
6.91
4.03
3.58
Operating Margin (%)
179
265
286
303
321
324
318
310
324
353
352
368
439
680
688
699
709
Depreciation Expense
1,295
-139
-53
84
38
46
-107
53
311
995
1,375
1,367
1,369
-1,210
137
-275
-17
Net Income, GAAP
33.06
- -
- -
40.57
21.27
33.25
- -
29.3
33.88
28.19
25.84
27.39
51.17
- -
50.74
- -
155.4
Effective Tax Rate (%)
19.59
-1.99
-0.6
0.9
0.43
0.59
-1.53
0.66
3.04
9.61
13.91
12.34
12.36
-11.45
1.07
-2
-0.12
Profit Margin (%)
1,490
729
526
-10
68
22
-241
-411
351
1,249
1,687
2,576
2,478
1,141
1,734
1,853
- -
Working Capital
2,237
1,680
1,596
1,242
1,248
978
684
294
621
557
994
4,739
5,381
4,385
4,048
4,050
- -
LT Debt
2,774
2,632
2,577
2,629
2,720
2,877
2,769
2,833
3,144
4,081
5,120
6,217
7,434
7,175
7,725
7,827
- -
Total Equity
37.49
- -
- -
1.45
0.64
0.76
- -
4.63
9.17
20.34
23.33
10.08
3.19
- -
3
- -
- -
Return on Invested Capital (%)
37.49
- -
- -
4.54
4.95
4.25
- -
4.82
9.3
20.76
23.56
15.63
10.97
- -
3.21
- -
- -
Return on Capital (%)
56.9
-5.15
-2.03
3.21
1.44
1.63
-3.79
1.89
10.41
27.54
29.88
24.12
20.06
-16.57
1.84
-3.53
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,240
- -
LT Borrowings
- -
4,049
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
98
98
104
Market Capitalization
9,985
6,896
9,372

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
6,063
- -
Cash, Cash Equivalents & STI
- -
1,588
- -
Accounts Receivable, Net
- -
1,849
- -
Inventories
- -
2,108
- -
Total Current Liabilities
- -
4,210
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,240
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.13%
9.3%
1.32%
Free Cash Flow
-424.07%
-862.81%
-66.62%
Net Income, GAAP
-33.9%
-120.14%
-300.54%
Sales/Revenue/Turnover
6.52%
7.14%
7.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,861
3,312
3,456
3,193
12,771
2026
3,382
3,542
3,390
3,438
13,711
2027
4,322
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-1.71
0.32
2.64
0.21
1.46
2026
-0.74
-1.62
-1.27
0.81
-2.82
2027
1.84
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.6
2027
- -
- -
- -
- -
- -
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Business
Ester Industries Limited manufactures polyester films, specialty polymers, and engineering plastic compounds for diverse applications in packaging, textiles, automotive, electrical and electronics, appliances, and telecommunications sectors. The company produces polyester films under the UmaPET brand primarily for flexible packaging; specialty polymers for rigid packaging, textiles, and niche industrial uses; and engineering plastics under the Estoplast brand for automotive, consumer goods, construction, identification and security, and other markets, serving customers in food packaging, beverage packaging, home and personal care, industrial packaging, carpets, and textiles across 75 countries including Europe, Americas, Africa, the Indian sub-continent, Far East, Asia Pacific, and the Middle East. Incorporated in 1985 and headquartered in Gurugram, India, with manufacturing facilities in Khatima, Uttarakhand, and a new BOPET film plant under implementation in Telangana, Ester Industries operates as a subsidiary of Wilemina Finance Corporation. Recent developments include the sale of its engineering plastics business, including the Halol plant and Estoplast brand, to RadiciGroup High Performance Polymers for around 35 million euros to focus on packaging films; a private placement in September 2024 issuing 11,075,941 convertible warrants at INR 39.5 each raising INR 437.5 million from investors including Movi Limited, Arvind Singhania, and various foundations; establishment of a wholly-owned US subsidiary in September 2025 with up to $1.50 million initial capital for marketing, customer support, and value-added manufacturing in the US market; a new brand identity unveiled in late 2024 marking its 40th year; and its joint venture ELITe acquiring strategic land in Gujarat in 2025 for India's first dedicated facility in a key technology segment.