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Ester Industries Limited (ester) Q4 FY26: Consolidated Revenue Up 7.2%, PAT Surges 301%

Ester Industries Limited (ESTER) reports Q4 & FY26 results with consolidated revenue up by 7.2% and PAT surging 301%.

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Ester Industries Limited ESTER Q4 FY26 Results

Ester Industries Limited (ESTER) announced its unaudited financial results for the fourth quarter and full year ended 31st March 2026, showcasing a significant turnaround in performance. Consolidated revenue for Q4 FY26 grew by 7.2% year-on-year to ₹345.1 crores. The Profit After Tax (PAT) surged to ₹7.87 crores, representing a strong recovery from the ₹1.96 crores recorded in Q4 FY25, marking a 301% increase.

Revenue and Margins

The consolidated income for Q4 FY26 grew by 7.2% year-on-year to ₹345.1 crores. EBITDA increased by 10.7% to ₹43.3 crores, delivering a 12.5% margin. Excluding non-cash mark-to-market losses on foreign currency liabilities, core operational EBITDA margins stood at a healthy 15.5%.

Full Year Performance

For the FY 2026, consolidated income rose 7.2% to ₹1,392.7 crores, driven by robust growth in Specialty Polymers and rPET. Capacity utilization of BOPET film improved to 78%.

Business Highlights

The company has successfully secured ₹165.25 crores against its ₹175 crore share warrant issue, underscoring the deep confidence our promoters and investors place in the Company’s long-term value proposition and growth trajectory. Looking ahead, management remains highly optimistic regarding our medium-to-long-term performance prospects.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Ester Industries Limited

Ester Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

ESTER
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
38
Fundamental
62
Technical
51
Overall

1W -4.24%
1M -1.68%
3M -9.83%
Cap: Small
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Ester moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 3 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. Buyers show up with 2.2x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. Price climbs recently despite 4.8% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of Ester Industries Limited.

Basic Materials

Prakash Industries Limited (prakash) Q2fy2027: Net Sales Up 24%, Ebitda Rises 30%

Prakash Industries Limited (PRAKASH) reports Q2FY2027 results with net sales at ₹896 Cr, up 24%, and EBITDA at ₹149 Cr, up 30% over Q2FY2026.

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Prakash Industries Limited Prakash Q2fy2027 Results

Prakash Industries Limited (PRAKASH) has announced its financial results for the quarter and half-year ended 30th September, 2026. The company reported a significant growth in net sales and EBITDA for Q2FY2027 compared to the same period last year.

Strong Financial Performance

During the quarter, the company achieved net sales of ₹896 crores, reflecting a robust growth of 24% over the corresponding quarter of the last financial year. The EBITDA also saw a notable increase of 30% to ₹149 crores. Profit after tax for the quarter stood at ₹65 crores, up from ₹62 crores in the same quarter last year. This growth is attributed to the company’s strategic decisions and operational efficiencies.

Half-Year Achievements

For the half-year ended 30th September, 2026, Prakash Industries Limited reported net sales of ₹1928 crores, marking a 10% growth over the corresponding period of the previous financial year. The EBITDA for the half-year was ₹303 crores, showing a 17% increase. The company has also seen a positive impact from its mining operations, with coal extraction from its Bhaskarpara Coal Mine contributing to the overall growth.

Future Outlook

The company is optimistic about achieving its target of 1.2 million tonnes of coal extraction in FY2027, up from 1.0 million tonnes in the previous financial year. However, the management cautions that forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from the implied results.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Prakash Industries Limited

Prakash Industries Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

PRAKASH
Basic Materials › Steel
BREAKOUT
60
Fundamental
64
Technical
62
Overall

1W -4.09%
1M +0.08%
3M -13.84%
P/E: 6.8 Cap: Small
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Prakash falls 13.8% over three months and has not found a floor yet. The PEG of 0.33 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 9.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 0.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 0.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Prakash Industries Limited.

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Basic Materials

Man Industries (india) Limited Q2 FY27: Delivers Highest Ever Core Business Ebitda

Man Industries (India) Limited (NSE: MANINDS) reports Q2 FY27 with consolidated EBITDA at ₹190 crore, up 86.6% YoY.

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Man Industries (india) Limited Q2 FY27 Core Business Ebitda

Man Industries (India) Limited (NSE: MANINDS) announced its financial results for the quarter and half year ended September 30, 2026, showcasing a record-breaking performance. The company’s consolidated EBITDA reached ₹190 crore, marking the highest-ever quarterly figure and reflecting an impressive 86.6% year-on-year growth.

Record Core Business Revenue & EBITDA

The company’s consolidated EBITDA of ₹190 crore was driven by a 49.3% year-on-year increase in consolidated revenue from operations, reaching ₹1,216 crore. The EBITDA margin expanded by 310 basis points to 15.6%, primarily due to the contribution of National Pipe Company (NPC), which has been consolidated since its acquisition on May 21, 2026.

Impact of Shipping Disruption

Geopolitical conflict in West Asia disrupted key maritime routes, causing port congestion and delays in dispatches of finished goods. As a result, revenue of approximately ₹320 crore was deferred beyond Q2 FY27. The customer has since nominated alternate ports, and these shipments are being executed.

Consolidated Order Book

The consolidated order book stands at ~₹3,500 crore across India and Saudi Arabia, with the majority executable over the next 6–9 months. With ongoing projects in Jammu and Dammam, MAN Industries is well-positioned to build a larger, more integrated global pipeline solutions business.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Man Industries (India) Limited

Man Industries (India) Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

MANINDS
Basic Materials › Steel
CONSOLIDATING UP
68
Fundamental
88
Technical
78
Overall

1W -1.38%
1M -2.05%
3M +45.52%
P/E: 32 Cap: Mid
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Man gains 45.9% over three months and trades near its 52-week highs. Thin margins at 5.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 16.5% and profits at 36.5% CAGR. That is strong double-digit growth on both counts. Buyers show up with 1.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 45.9% in three months on 16.5% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Man Industries (India) Limited.

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Basic Materials

Indo Borax & Chemicals Ltd (indoborax) H1fy27: Consolidated Operating Income Up 16.0% to Rs 129.29 Crore

Indo Borax & Chemicals Ltd (INDOBORAX) reports a 16% rise in consolidated operating income for H1FY27, with key metrics and strategic updates.

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Indo Borax & Chemicals Limited NSE Indoborax H1fy27 Results

Indo Borax & Chemicals Ltd (NSE: INDOBORAX), one of India’s leading manufacturers of boron-based chemicals, posted a 16.0% growth in consolidated operating income for H1FY27 to Rs 129.29 crore, up from Rs 111.42 crore in H1FY26. The company’s consolidated Profit After Tax (PAT) for H1FY27 stood at Rs 21.00 crore, compared to Rs 26.47 crore. The company’s Adjusted EBITDA and PAT margins (both on a consolidated basis) for H1IFY27 stood at 21.7% and 15.4%, respectively.

Strategic Moves

The company completed its acquisition of a 64.26% stake in Kronox Lab Sciences Ltd and appointed Mr. Suresh Kalra as Managing Director and Chief Executive Officer at Kronox. Additionally, the board approved the amalgamation of its wholly owned subsidiary, Indoborax Infrastructure Private Ltd, with Indo Borax Chemicals, subject to necessary regulatory approvals.

Financial Highlights

For Q2FY27, the company’s Consolidated Operating Income stood at Rs 58.94 crore, compared to Rs 57.85 crore in Q2FY26. Consolidated EBITDA for Q2 FY27 stood at Rs 7.93 crore, while PAT stood at Rs 4.75 crore. The company’s PAT margin in Q2 FY27 was net of expenses of Rs 6.64 crore, related to the acquisition of Kronox Lab Sciences Ltd as a subsidiary.

Future Outlook

Commenting on the company’s performance, Mr. Suresh Kalra, Managing Director & CEO, Indo Borax & Chemicals Ltd., said, “The quarter under review witnessed steady demand across our key product segments, despite the seasonal impact of the monsoon. However, profitability remained under pressure due to higher raw material costs and geopolitical uncertainties in the Middle East, thereby impacting the overall cost environment. We will continue to focus on operational efficiencies, prudent cost management and optimising product mix to navigate these challenges in the coming quarters.”

As a result, the company is confident of sustaining the growth momentum and strengthening its margins further, backed by diversification, premiumisation and disciplined execution.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indo Borax & Chemicals Limited

Indo Borax & Chemicals Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

INDOBORAX
Basic Materials › Chemicals
CONSOLIDATING DOWN
48
Fundamental
76
Technical
62
Overall

1W -15.92%
1M -19.6%
3M -9.43%
P/E: 21.9 Cap: Small
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Indo falls 13.3% over three months and has not found a floor yet. Margins at 23.3% are impressive but need to be sustained — any compression would be a red flag. Revenue contracts at -1.4% CAGR. That signals structural headwinds, not a short-term blip. RSI stands at 26, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. The stock holds up despite -1.4% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of Indo Borax & Chemicals Limited.

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