āagman

Not investment advice. Data and computed figures, for information only.

Britannia Industries Ltd

NSE: BRITANNIAF&O
₹4,764.00
−₹86.00 (−1.77%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,16,219 Cr
CMP
₹4,764.00
52-wk High / Low
₹6,271 / 4,734
P/E
44.6
P/B
22.8
Book Value
₹212.0
Div Yield
1.88%
ROCE
56.0%
ROE
53.5%
Face Value
₹1
D/E
0.27

Price−18.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹708
√(22.5 × EPS × book value per share)
ROIC
37.8%
vs 13.1% sector median
Cash flow to profit
1.03
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+49
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.6%
ROE × earnings retention ratio
ROE stability
6.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.23DII +2.06
Latest quarter vs the previous one
Cash-accrual divergence
−0.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 41% vs the 2022 sector median of 16%)
+Annualised volatility of 19.8% is in the low band (≤25%)
Watch-outs
−Borrowings are up 953.4% since FY2016 (131 to 1380)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,0114,4334,2564,0694,2504,6684,5934,4324,6224,8414,9704,7195,000
Expenses3,3223,5623,4373,2863,4973,8883,7503,6323,8703,8893,9923,8854,162
Operating Profit689871820784753780843801752951977834838
OPM %17.2%19.6%19.3%19.3%17.7%16.7%18.4%18.1%16.3%19.6%19.7%17.7%16.8%
Other Income57524857314662635752595561
Interest53533126293545312635331923
Depreciation71727880747682818285858580
Profit before tax622799758735681715778752701884919785797
Net Profit455586556537505532582559520655682680593
EPS (₹)19.0024.3923.1022.3520.9922.0624.1523.2521.6227.1728.2328.1624.55

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,8588,3979,0549,91411,05511,60013,13614,13616,30116,76917,94319,15219,529
Expenses6,9887,1747,7768,4139,3229,75610,62711,93513,47013,60314,76615,63715,929
Operating Profit8701,2241,2781,5011,7321,8432,5092,2012,8313,1673,1763,5143,600
OPM %11.1%14.6%14.1%15.1%15.7%15.9%19.1%15.6%17.4%18.9%17.7%18.3%18.4%
Other Income228115151166206263313222597211202224228
Interest4558977111144169164139113109
Depreciation144113119142162185198201226300313337334
Profit before tax9501,2201,3041,5181,7681,8442,5142,0783,0332,9132,9273,2893,385
Net Profit6898258851,0041,1551,3941,8511,5162,3162,1342,1782,5372,610
EPS (₹)28.7134.3636.8541.8348.2358.3377.3863.3196.3988.8490.45105.18108.11

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital242424242424242424242424—
Reserves1,2212,0682,6723,3824,2294,3793,5242,5343,5103,9174,3325,082—
Borrowings1451311252011561,5382,1072,4812,9972,0651,2471,380—
Other Liabilities1,4031,2711,2881,5811,8291,8892,3452,4872,8193,0653,2353,243—
Total Liabilities2,7933,4944,1095,1886,2387,8308,0007,5279,3519,0728,8379,730—
Fixed Assets8449501,1601,3461,6881,8781,7931,7532,6552,7712,9042,850—
CWIP489030203101401175361051888939—
Investments5187884871,0791,4762,8932,7811,7623,3242,7672,8653,610—
Other Assets1,3831,6652,4322,5602,9723,0193,3103,4753,2663,3462,9783,232—
Total Assets2,7933,4944,1095,1886,2387,8308,0007,5279,3519,0728,8379,730—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6715849594411,2491,1561,4851,8511,3002,5262,5732,4912,612
Cash from Investing Activity−246−450−705−150−957−852−1,526459914−1,50748569−741
Cash from Financing Activity−357−181−246−295−232−35358−2,244−2,246−1,028−2,839−2,754−1,783
Net Cash Flow68−478−460−491766−32−9219−19488

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %59.066.068.052.047.044.037.045.041.049.049.053.056.0
ROE %————————————53.5
EPS (₹)16.4828.7134.3636.8541.8348.2358.3377.3863.3196.3988.8490.45105.18
Book Value (₹)————————————212.0
Face Value (₹)————————————1
P/E————————————44.6
Div Yield %————————————1.88
NPM %5.78.59.79.610.010.311.813.810.613.712.612.013.1
OPM %9.011.015.014.015.016.016.019.016.017.019.018.018.0
D/E0.190.120.060.050.060.040.350.590.970.850.520.290.27
P/B————————————22.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+8.0%
3 years+6.0%
TTM+7.0%
Compounded profit growth
10 years+12.0%
5 years+6.0%
3 years+8.0%
TTM+19.0%
Stock price CAGR
10 years+11.0%
5 years+5.0%
3 years+2.0%
Last year−18.0%
Return on equity
10 years46.0%
5 years56.0%
3 years54.0%
Last year54.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.73%50.73%50.70%50.66%50.63%50.55%50.55%50.55%50.55%50.55%50.55%50.55%
FIIs14.85%14.85%17.05%15.75%14.71%17.96%17.17%19.44%18.23%15.72%15.63%13.40%
DIIs12.82%12.82%12.63%12.37%13.38%11.23%7.94%14.22%15.63%18.26%18.82%20.88%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%
Public21.60%21.60%19.62%21.22%21.28%20.26%24.35%15.79%15.57%15.48%14.94%15.13%
No. of shareholders80,07480,07479,1711,34,8871,83,3962,91,2663,29,9402,60,2072,63,6232,92,5042,51,4662,68,246
Change since Jun 2023 (pp)
Promoters −0.18FIIs −1.45DIIs +8.06Public −6.47

Documents

As of 11 Oct 2026
Announcements
Disclosure Of Environmental, Social And Governance ("ESG") Rating Under Regulation 30 Of The Securities And Exchange Of India (Listing Obligation And Disclosure Requirements) Regulation, 2015Announcement under Regulation 30 (LODR)-Newspaper PublicationShareholder Meeting / Postal Ballot-Notice of Postal BallotAnnouncement under Regulation 30 (LODR)-Change in ManagementOutcome Of The Board Meeting Held On 29 September 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 90.50 Per Share—
4 Aug 2025DIVIDENDDividend - Rs 75 Per Share—
5 Aug 2024DIVIDENDAnnual General Meeting/ Dividend - Rs 73.5 Per Share—
13 Apr 2023DIVIDENDInterim Dividend - Rs 72 Per Share—
20 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 56.50 Per Share—
25 May 2021BONUS Scheme Of Arangement- Bonus - 1 Debenture For 1 Equity Share Held—
25 May 2021DIVIDEND Dividend - Rs 12.50 Per Share Pursuant To Scheme—
8 Apr 2021DIVIDEND Interim Dividend - Rs 62 Per Share—
26 Aug 2020DIVIDEND Interim Dividend - Rs 83 Per Share—
29 Apr 2020DIVIDEND Interim Dividend-Rs 35 Per Share—
22 Aug 2019BONUS Scheme Of Arangement- Bonus - 1 Debenture For 1 Equity Share Held—
1 Aug 2019DIVIDEND Annual General Meeting/ Dividend - Rs 15 Per Share—
29 Nov 2018SPLIT Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
27 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 25 Per Share—
28 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 22/- Per Share—
29 Jul 2016DIVIDEND Annual General Meeting/Dividend Rs 20/- Per Share—
27 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Rs 16/- Per Share—
23 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 12/- Per Share—
23 Jul 2013DIVIDENDAnnual General Meeting/Dividend - Rs.8.50 Per Share—
17 Jul 2012DIVIDENDAnnual General Meeting/Dividend - Rs.8.50 Per Share—
19 Jul 2011DIVIDENDAnnual General Meeting / Dividend - Rs.6.50 Per Share—
8 Sep 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
23 Jul 2010DIVIDENDDividend-Rs.25/- Per Share—
8 Mar 2010BONUSSch Of Agmt- Bonus Deb1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman