Shetron (BSE 526137)₹116.80+5.42%Packaging
In the Mar 2026 quarter (standalone), Shetron reported sales of ₹61.24 Cr, up 12.4% from Mar 2025, and net profit of ₹0.95 Cr, up 295.8% year on year. For the year to Mar 2026, sales were ₹246 Cr and net profit ₹3.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| 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 | 78.64 | 59.48 | 49.95 | 51.42 | 64.46 | 57.85 | 51.78 | 54.49 | 68.71 | 60.32 | 55.65 | 61.24 |
| Expenses | 71.82 | 54.12 | 44.03 | 46.89 | 59.18 | 53.25 | 47.86 | 50.59 | 63.76 | 56.59 | 51.91 | 56.05 |
| Operating Profit | 7.01 | 5.45 | 6.08 | 4.69 | 5.41 | 4.67 | 4.03 | 3.96 | 5.11 | 3.88 | 3.85 | 5.36 |
| OPM % | 9.0% | 9.2% | 12.3% | 9.2% | 8.4% | 8.1% | 7.8% | 7.3% | 7.5% | 6.5% | 7.0% | 8.8% |
| Other Income | 0.18 | 0.20 | 0.09 | 0.33 | 0.31 | 0.17 | 0.04 | 0.27 | 0.35 | 0.21 | 0.28 | 0.22 |
| Interest | 2.94 | 2.02 | 2.14 | 1.78 | 2.36 | 2.07 | 1.94 | 1.91 | 1.69 | 1.31 | 1.74 | 2.40 |
| Depreciation | 1.53 | 1.39 | 1.56 | 1.66 | 1.48 | 1.51 | 1.52 | 1.73 | 1.47 | 1.49 | 1.51 | 1.68 |
| Profit before tax | 2.78 | 2.29 | 2.52 | 1.63 | 1.93 | 1.31 | 0.66 | 0.64 | 2.35 | 1.34 | 0.93 | 1.55 |
| Tax % | 27.1% | 28.5% | 29.9% | 30.9% | 20.4% | 15.4% | 69.2% | 60.3% | 30.8% | 21.1% | 59.9% | 37.7% |
| Net Profit | 2.01 | 1.62 | 1.75 | 1.11 | 1.52 | 1.09 | 0.19 | 0.24 | 1.61 | 1.04 | 0.36 | 0.95 |
| EPS (Rs) | 2.23 | 1.80 | 1.94 | 1.23 | 1.69 | 1.21 | 0.21 | 0.27 | 1.79 | 1.16 | 0.40 | 1.06 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 148 | 168 | 165 | 162 | 171 | 226 | 245 | 240 | 229 | 246 | 246 |
| Expenses | 132 | 125 | 147 | 146 | 145 | 158 | 204 | 221 | 217 | 210 | 228 | 228 |
| Operating Profit | 24.95 | 22.98 | 20.96 | 18.97 | 16.98 | 11.98 | 21.97 | 22.97 | 22.96 | 17.97 | 17.99 | 18.20 |
| OPM % | 16.1% | 16.1% | 12.1% | 11.1% | 10.1% | 7.0% | 10.1% | 9.0% | 10.1% | 8.0% | 7.0% | 7.4% |
| Other Income | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.06 |
| Interest | 16.05 | 14.05 | 12.04 | 11.05 | 12.04 | 10.04 | 11.05 | 10.03 | 9.03 | 8.04 | 7.03 | 7.14 |
| Depreciation | 8.03 | 8.03 | 7.03 | 6.02 | 6.02 | 5.01 | 6.02 | 5.01 | 6.02 | 6.02 | 6.02 | 6.15 |
| Profit before tax | 2.01 | 3.01 | 3.01 | 3.01 | 1.01 | −2.01 | 7.01 | 9.01 | 9.01 | 5.01 | 6.01 | 6.17 |
| Tax % | 33.0% | 30.1% | 33.0% | 34.0% | 22.1% | 11.0% | 24.1% | 30.0% | 29.1% | 35.0% | 35.0% | — |
| Exceptional items | 0.00 | 0.02 | −0.04 | 0.02 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.27 | — |
| Net Profit | 1.99 | 1.99 | 1.99 | 1.99 | 0.99 | −1.99 | 4.99 | 5.99 | 6.99 | 2.99 | 3.99 | 3.96 |
| EPS (Rs) | 1.66 | 2.06 | 2.01 | 2.43 | 0.97 | −2.19 | 5.66 | 6.63 | 7.22 | 3.41 | 4.42 | 4.41 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.1% | 14.1% | 29.1% | 22.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.99 | 8.99 | 8.99 | 8.99 | 8.98 | 8.99 | 8.98 | 8.99 | 8.98 | 8.97 | 8.99 | 9.00 |
| Reserves | 30.97 | 32.96 | 27.99 | 29.97 | 31.99 | 33.00 | 30.98 | 35.95 | 40.91 | 46.94 | 49.96 | 53.01 |
| Borrowings | 107 | 96.87 | 86.87 | 73.97 | 75.92 | 77.90 | 75.94 | 64.91 | 67.87 | 64.86 | 45.98 | 40.97 |
| Other Liabilities | 35.83 | 33.84 | 40.80 | 45.78 | 38.82 | 30.85 | 31.84 | 42.79 | 31.85 | 35.83 | 46.78 | 54.73 |
| Total Liabilities | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 | 157 | 151 | 157 |
| Fixed Assets | 66.82 | 59.82 | 51.85 | 48.92 | 46.91 | 46.91 | 42.89 | 40.93 | 45.91 | 46.86 | 47.91 | 50.84 |
| CWIP | 1.99 | 2.99 | 3.99 | 2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 |
| Investments | 1.01 | 4.01 | 4.01 | 4.01 | 4.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 113 | 105 | 105 | 103 | 104 | 103 | 104 | 112 | 104 | 110 | 103 | 106 |
| Inventories | 33.86 | 32.89 | 34.90 | 39.89 | 46.83 | 42.87 | 47.87 | 55.81 | 47.82 | 52.81 | 49.81 | 56.76 |
| Trade receivables | 36.01 | 29.02 | 33.03 | 36.03 | 29.03 | 29.02 | 26.99 | 28.01 | 27.99 | 31.01 | 32.01 | 30.99 |
| Cash & equivalents | 6.98 | 8.97 | 10.96 | 4.98 | 4.99 | 5.98 | 6.97 | 5.98 | 5.98 | 5.98 | 5.98 | 4.99 |
| Total Assets | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 | 157 | 151 | 157 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 8.99 | 16.98 | 15.99 | 10.99 | −12.98 | 1.99 | 0.00 | 6.99 | 10.99 | 12.01 | 21.99 | 12.98 |
| Cash from investing activity | −0.99 | −3.99 | −3.99 | 0.99 | −0.99 | −0.99 | −1.99 | −2.99 | −10.99 | −6.99 | −6.99 | −8.99 |
| Cash from financing activity | −9.98 | −10.98 | −10.99 | −18.97 | 13.99 | −1.99 | 1.99 | −4.99 | 0.99 | −4.99 | −14.99 | −3.99 |
| Net cash flow | −1.99 | 2.99 | 1.99 | −5.99 | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 1.04 | 1.17 | 3.57 | 2.94 | 1.59 | 5.20 | 1.88 | 2.71 | 11.37 | 7.09 | 7.07 | 9.19 |
| Free cash flow | 8.02 | 16.04 | 13.03 | 13.04 | −14.03 | 1.01 | −2.01 | 4.01 | 0.00 | 5.01 | 15.03 | 4.01 |
| CFO / OP % | 37.0% | 69.9% | 73.0% | 57.0% | −64.1% | 14.9% | −1.0% | 40.9% | 59.0% | 61.0% | 128.0% | 83.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 82 | 66 | 80 | 78 | 65 | 65 | 58 | 46 | 41 | 46 | 52 | 46 |
| Inventory days | 109 | 111 | 133 | 127 | 151 | 141 | 143 | 125 | 99 | 115 | 115 | 119 |
| Days payable | 89 | 83 | 115 | 115 | 94 | 82 | 79 | 80 | 55 | 66 | 90 | 96 |
| Cash conversion cycle | 101 | 93 | 97 | 90 | 120 | 122 | 121 | 91 | 84 | 94 | 76 | 68 |
| Working capital days | 26 | 4 | 24 | 7 | 54 | 51 | 48 | 43 | 40 | 44 | 27 | 22 |
| ROCE % | 12.0% | 13.0% | 12.0% | 12.0% | 13.0% | 11.0% | 7.0% | 16.0% | 16.0% | 15.0% | 11.0% | 13.0% |
For the Mar 2026 quarter, Shetron reported sales of ₹61.24 Cr, up 12.4% year on year and net profit of ₹0.95 Cr, up 295.8% year on year. The operating margin was 8.8%.
Shetron's sales for the year to Mar 2026 were ₹246 Cr; over the last twelve months they were ₹246 Cr.
Net profit for the year to Mar 2026 was ₹3.99 Cr, and ₹3.96 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.41.
Shetron reported borrowings of ₹40.97 Cr at Mar 2026, against cash and equivalents of ₹4.99 Cr.
Cash from operations was ₹12.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹4.01 Cr.