On 5 Nov 2026, Novateor Research Laboratories was priced at ₹40.00, or 235.3× trailing earnings, and the shares are 17% below their 52-week high. It earns ROCE of 1.6% and ROE of 0.9%, and sales and net profit grew 45% and 40% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹24 Cr; the shares rose 54% over the past year.
- ₹48.00
- ₹48.00
- ₹40.00
- ₹40.00
- 6K
Health check
- ReturnsStrong
+53.8% over the past year.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +44.8%, profit +40.3% a year over 3 years.
- ProfitabilityWeak
ROCE 1.6%.
- Balance sheetStretched
Debt 0.08× equity, operating profit doesn’t cover interest.
- Red flags4 to check
Return on equity is low at 0.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹24 Cr
- Small cap
- P/E
- 235.3
- Price to book
- 2.10
- Book value ₹19.01
- Dividend yield
- 0.00%
- ROE
- 0.9%
- Return on equity
- ROCE
- 1.6%
- Return on capital employed
- Debt to equity
- 0.08
- Debt ₹0.92 Cr
- EPS (TTM)
- ₹0.17
- OPM (TTM)
- −6.1%
- Net margin 2.6%
- Sales growth
- −31.6%
- Latest quarter vs a year ago
- Profit growth
- +176.4%
- Latest quarter vs a year ago
- Price to sales
- 6.33
- EV/EBITDA −236.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 176.4% on a year ago.
Risks to check
- Return on equity is low at 0.9%.
- Quarterly sales down 31.6% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- Interest coverage of only −1.3×.
About Novateor Research Laboratories
Novateor Research Laboratories Limited engages in the development and sale of novel personal care products in India. It offers tongue cleaners, teeth whitening strips, toothpaste, toothbrushes and accessories, mouthwashes/rinses, denture products, dental accessories/ancillaries, and dental prosthesis cleaning solutions. The company sells its products to dentists and cosmetic parlors. It offers teeth whitening products under SmiloShine brand. The company…
- Headquarters
- Ahmedabad
- Employees
- 17
- Sector
- Consumer Defensive
- ISIN
- INE08JY01013
- Website
- novateor.com
Price range
- Avg volume (3M)
- 580
- 1-year return
- plus 53.8%
- From 52-week high
- minus 16.7%
Peers
We couldn’t find listed peers for this company.
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +44.8%
- Profit CAGR 3Y
- +40.3%
- ROE
- 0.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.3 | 1.2 | 2.8 | 3.8 | |
| – | minus 4.2% | +130.1% | +37.8% | |
| 1.6 | 1.5 | 2.9 | 3.9 | |
| −0.3 | −0.3 | −0.1 | −0.1 | |
| −25.0% | −24.2% | −4.2% | −2.7% | |
| 0.5 | 0.5 | 0.5 | 0.5 | |
| 0 | 0 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.2 | 0.2 | |
| −0 | −0 | −0 | – | |
| 0 | 0 | 0.1 | 0.1 | |
| 7.3% | 36.7% | 27.7% | 10.9% | |
| 0 | 0 | 0.1 | 0.1 | |
| – | minus 20.1% | +179.2% | +23.7% | |
| 0.08 | 0.05 | 0.14 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.8 | 4.8 | 4.8 | 6.1 | |
| 3 | 3.9 | 5.7 | 5.5 | |
| 0.8 | 1.1 | 0.9 | 1 | |
| 0.2 | 0.6 | 1.2 | 1.7 | |
| 9 | 10.5 | 12.6 | 14.3 | |
| 2.2 | 2.9 | 3.4 | 3.3 | |
| 0.4 | 0.4 | – | – | |
| 0 | 0 | 0 | 0 | |
| 0.2 | 0.1 | 0.3 | 0.5 | |
| 6.1 | 7 | 8.9 | 10.5 | |
| 9 | 10.5 | 12.6 | 14.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1 | −1 | −1 | −0.2 | |
| 0.1 | −0.3 | −0.2 | −0.5 | |
| 0.6 | 1.1 | 1.4 | 0.9 | |
| −0.3 | −0.1 | 0.2 | 0.2 | |
| −0.4 | −0.7 | −0.7 | −0 | |
| −1.3 | −1.7 | −1.7 | −0.2 | |
| −0 | – | – | – |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.