Epigral Limited
₹874.15-₹29.35 (-3.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,017 Cr
- P/E
- 12.5x
- EV / EBITDA
- 12.1x
- Revenue
- ₹2,550 Cr
- Net margin
- 10.2%
- ROCE
- 21.7%
Price chart
Technical chartScreen technicals →-48.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -13.8%
- 3M
- -21.0%
- 6M
- -27.4%
- 1Y
- -48.2%
- 5Y
- +11.2%
52-week range
Day change -₹29.35 (-3.2%) from ₹904 to ₹874 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in EPIGRAL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 25.9%
Concerns1
- Weak short-term liquidity — current ratio of 0.95x
Rule-based from financial data. Not advice.
About the company
Epigral Limited manufactures and sells chlor-alkali and related derivatives in India and internationally. The company offers chlorinated polyvinyl chloride (CPVC) resins and compounds, epichlorohydrin, chloromethanes value chain, hydrogen peroxide, caustic soda and potash, chlorine, hydrogen, chloromethanes, captive power plant (CPP), and chlorotoluene value chain, as well as operates wind-solar hybrid power plant.
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Epigral Limited manufactures and sells chlor-alkali and related derivatives in India and internationally. The company offers chlorinated polyvinyl chloride (CPVC) resins and compounds, epichlorohydrin, chloromethanes value chain, hydrogen peroxide, caustic soda and potash, chlorine, hydrogen, chloromethanes, captive power plant (CPP), and chlorotoluene value chain, as well as operates wind-solar hybrid power plant. Its products are used in CPVC pipes and fittings, windmills, construction, paints and coatings, electronics, water treatment, agrochemicals, pharmaceuticals, refineries, soap and detergents, fluoropolymers, paper and pulp, textiles, alumina, polyurethane foam, lithium, and polytetrafluoroethylene (PTFE) pipes. The company was formerly known as Meghmani Finechem Limited and changed its name to Epigral Limited in August 2023. Epigral Limited was incorporated in 2007 and is based in Ahmedabad, India.
- Sector
- Materials
- Shares outstanding
- 4.3 Cr shares
- ISIN
- INE071N01016
- BSE code
- 543332
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,017 Cr
- P/E
- 12.5x
- P/B
- 2.4x
- EV / EBITDA
- 12.1x
- EV / Sales
- 3.0x
- P/S
- 2.6x
- Earnings yield
- 8.0%
- 52-week high
- ₹1,708.85
- 52-week low
- ₹809.55
Profitability
- Operating margin
- 24.9%
- Net margin
- 10.2%
- EBITDA margin
- 25.2%
- ROE
- 15.6%
- ROCE
- 21.7%
- ROA
- 7.0%
- Dividend payout
- 11.0%
- Tax rate
- 33.0%
- Other income, % of PBT
- 2.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,550 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹487 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -30.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 82.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹398 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -36.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹15.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.9%
Solvency and efficiency
- Current ratio
- 0.95
- Debt / Equity
- 0.77
- Debt / Assets
- 0.35
- Debt / EBITDA
- 1.98
- Interest coverage
- 6.59
- Financial leverage
- 2.23
- CFO / Net profit
- 2.03
- Cash / Market cap
- 10.4%
- Cash per share
- ₹121.36
- Asset turnover
- 0.69
- Fixed asset turnover
- 1.09
- Capital intensity
- 0.92
- Debtor days
- 34 days
- Inventory turnover
- 4.06
- Cash conversion cycle
- 61 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,839 Cr |
| Sales | Operating profit | ₹711 Cr |
| Operating profit | Interest | ₹53 Cr |
| Operating profit | Depreciation | ₹133 Cr |
| Operating profit | Profit before tax | ₹525 Cr |
| Other income | Profit before tax | ₹15 Cr |
| Profit before tax | Tax and other | ₹183 Cr |
| Profit before tax | Net profit | ₹357 Cr |
Revenue and net profit
Revenue grew 32.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹829 Cr | ₹101 Cr |
| FY2022 | ₹1,551 Cr | ₹253 Cr |
| FY2023 | ₹2,188 Cr | ₹353 Cr |
| FY2024 | ₹1,929 Cr | ₹196 Cr |
| FY2025 | ₹2,550 Cr | ₹357 Cr |
Cash flows
FY2025: ₹441 Cr from operations, ₹179 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹229 Cr | ₹32 Cr |
| FY2022 | ₹284 Cr | -₹171 Cr |
| FY2023 | ₹626 Cr | ₹189 Cr |
| FY2024 | ₹398 Cr | -₹3 Cr |
| FY2025 | ₹441 Cr | ₹179 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,550 Cr+32.2%1Y
- Net profit
- ₹357 Cr+82.1%1Y
- Cash from operations
- ₹441 Cr
- Free cash flow
- ₹179 Cr
- Revenue CAGR, 5Y
- 25.9%
- EBITDA CAGR, 5Y
- 20.0%
- Net profit CAGR, 5Y
- 11.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,550 Cr | ₹711 Cr | — | ₹357 Cr | ₹441 Cr | ₹179 Cr | 18.8% | +32.2% | +82.1% |
Monthly returns
Month-by-month returns of EPIGRAL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,151 Cr |
| Equity capital | ₹43 Cr |
| Reserves | ₹1,860 Cr |
| Borrowings | ₹593 Cr |
| Other liabilities | ₹655 Cr |
| Assets | ₹3,151 Cr |
| Fixed assets | ₹2,238 Cr |
| Capital work in progress | ₹64 Cr |
| Investments | ₹97 Cr |
| Other assets | ₹752 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
EPIGRAL trades at 12.5x earnings against a peer median of 35.5x (a 65% discount).
Not shown (no positive earnings and no EV / Sales): Chemplast Sanmar Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Epigral LimitedEPIGRALthis companyP/E ↓ discount | ₹5,017 Cr | 12.5x | 2.4x | 15.6% | 12.1x |
| Midwest LimitedMIDWESTLTD | ₹5,618 Cr | 61.1x | — | 18.0% | 48.6x |
| Rallis India LtdRALLIS | ₹4,860 Cr | 28.5x | 2.3x | 8.1% | 14.2x |
| Bansal Wire Industries LimitedBANSALWIRE | ₹4,697 Cr | 36.7x | 3.8x | 19.2% | 39.2x |
| Rain Industries LimitedRAIN | ₹4,689 Cr | 188.0x | 5.1x | — | — |
| Sunflag Iron & Steel Co. Ltd.SUNFLAG | ₹4,631 Cr | 23.1x | 0.5x | 2.8% | 13.2x |
| TANFAC Industries Ltd.TANFAC | ₹4,590 Cr | 48.8x | 13.5x | 22.6% | 57.7x |
| Chemplast Sanmar LimitedCHEMPLASTS | ₹4,386 Cr | — | 1.1x | -2.7% | -282.9x |
| Electrosteel Castings Ltd.ELECTCAST | ₹4,347 Cr | 8.5x | 0.8x | 14.7% | 4.4x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
EPIGRAL since 1 January, against earlier years.
Historical volatility
EPIGRAL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 32.0% |
| FY2022 | 33.0% |
| FY2023 | 31.0% |
| FY2024 | 25.0% |
| FY2025 | 28.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,550 Cr |
| Costs | |
| Interest | ₹53 Cr |
| Expenses | ₹1,839 Cr |
| Operating profitOperating Profit | ₹711 Cr |
| Other income and charges | |
| Profit before tax | ₹540 Cr |
| Tax | |
| Net profitNet Profit | ₹357 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,151 Cr |
| Equity capitalEquity Capital | ₹43 Cr |
| Reserves | ₹1,860 Cr |
| Borrowings | ₹593 Cr |
| Other liabilitiesOther Liabilities | ₹655 Cr |
| AssetsTotal Assets | ₹3,151 Cr |
| Fixed assetsFixed Assets | ₹2,238 Cr |
| Capital work in progressCWIP | ₹64 Cr |
| Investments | ₹97 Cr |
| Other assetsOther Assets | ₹752 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹441 Cr |
| Investing cash flowCash from Investing Activity | -₹262 Cr |
| Financing cash flowCash from Financing Activity | -₹164 Cr |
| Change in cashNet Cash Flow | ₹15 Cr |
Learn while you research
Academy chapters picked for Epigral Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing32% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read