Xpro India (XPROINDIA) had a P/E of 78.1× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 30% below their 52-week high. Its ROCE of 3.3% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit fell 0.1% and 25% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.41× equity. It is a small-cap company with a market cap of ₹2,580 Cr, ranked 52nd of 204 Specialty Chemicals companies by market cap; the shares rose 2.6% over the past year.
- ₹1,137.00
- ₹1,137.00
- ₹1,089.30
- ₹1,137.50
- 55.6K
Health check
- ReturnsBehind
+2.6% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 78.1 vs industry 22.1.
- GrowthShrinking
Sales −0.1%, profit −24.9% a year over 3 years.
- ProfitabilityWeak
ROCE 3.3% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.41× equity, interest covered 5.7×, Piotroski 6 of 9.
- Red flags3 to check
Return on equity is low at 2.8%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,580 Cr
- Small cap
- P/E
- 78.1
- Industry 22.1
- Price to book
- 3.40
- Peers 13.33
- Dividend yield
- 0.20%
- ROE
- 2.8%
- Peers 23.0%
- ROCE
- 3.3%
- Peers 24.4%
- Debt to equity
- 0.41
- Debt ₹325 Cr
- EPS (TTM)
- ₹14.07
- Face value ₹10
- OPM (TTM)
- 9.0%
- Net margin 6.1%
- Sales growth
- +20.4%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 4.82
- EV/EBITDA 54.6
Strengths and risks
Strengths
- Quarterly sales up 20.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.8%.
- P/E of 78.1 against an industry P/E of 22.1.
- 30% below its 52-week high.
About Xpro India
Xpro India Limited processes and sells polymers primarily in India. The company offers dielectric films for applications comprising power transmission and distribution, motor run, power film/electronic, magnetic lighting ballast, microwave oven, low voltage industrial power factor correction, AC and pulse film, interference suppression, and hybrid cars capacitors, as well as for energy storage applications. It also provides specialty cast coextruded…
- Headquarters
- New Delhi
- Employees
- 239
- Sector
- Basic Materials
- ISIN
- INE445C01015
- Website
- xproindia.com
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- plus 2.6%
- From 52-week high
- minus 30.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| XPROINDIAXpro India | 1,099.20 | minus 3.37% | 2,580 | 78.1 | 54.9 | 3.3% | 9.0% | 0.41 | −0.1% | plus 2.6% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 145 | 120 | 106 | 134 | 174 | |
| 144 | 109 | 97.6 | 120 | 159 | |
| 0.9 | 10.4 | 8.7 | 14 | 14.9 | |
| 0.6% | 8.7% | 8.2% | 10.4% | 8.6% | |
| 0 | 1 | 6 | 8.8 | 4.9 | |
| 1.7 | 1.7 | 2 | 2.2 | 3.2 | |
| 3 | 3 | 3 | 3.1 | 5.1 | |
| −3.7 | 6.7 | 9.8 | 17.6 | 11.6 | |
| −46.3% | 25.9% | 30.4% | 24.7% | 34.0% | |
| −5.5 | 5 | 6.8 | 13 | 7.9 | |
| -2.46 | 2.14 | 2.91 | 5.64 | 3.38 |
Profit & loss
- Sales CAGR 3Y
- −0.1%
- Profit CAGR 3Y
- −24.9%
- EPS CAGR 3Y
- −30.1%
- ROE
- 2.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 502 | 461 | 529 | 500 | |
| – | minus 8.2% | +14.9% | minus 5.5% | |
| 427 | 393 | 475 | 453 | |
| 74.4 | 68.4 | 54.1 | 47.5 | |
| 14.8% | 14.8% | 10.2% | 9.5% | |
| 1.7 | 9.2 | 13.8 | −1.2 | |
| 6.2 | 4.1 | 4 | 6.4 | |
| 11.5 | 11.1 | 11 | 12 | |
| 0.8 | −2.2 | −0.7 | 2.5 | |
| 59.2 | 60.2 | 52.2 | 30.3 | |
| 23.4% | 27.1% | 27.2% | 35.5% | |
| 45.4 | 43.9 | 38 | 19.2 | |
| – | minus 3.3% | minus 13.4% | minus 49.4% | |
| 24.35 | 21.77 | 17.01 | 8.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.2 | 22 | 22.3 | 23.5 | |
| 215 | 538 | 588 | 736 | |
| 38.7 | 39 | 269 | 325 | |
| 67.9 | 77.9 | 113 | 134 | |
| 340 | 677 | 993 | 1,218 | |
| 198 | 227 | 543 | 701 | |
| 37.8 | 75.5 | 364 | 312 | |
| 4.7 | 4.9 | 0.2 | 21.7 | |
| 26.4 | 205 | 261 | 299 | |
| 73.6 | 165 | −177 | −116 | |
| 340 | 677 | 993 | 1,218 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 82.9 | 44 | 12.8 | 20.4 | |
| −58.3 | −320 | −113 | −161 | |
| −43.1 | 278 | 203 | 151 | |
| −18.6 | 1.4 | 102 | 10.1 | |
| −36.3 | −38.2 | −287 | −141 | |
| 46.5 | 5.8 | −274 | −120 | |
| −2.3 | −4.1 | −4.5 | −4.6 |
Shareholding pattern
- Promoters40.31%
- Public59.69%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 40.31% | 59.69% | 0.00 | |
| 30 Jun 2026 | 40.31% | 59.69% | 0.00 | |
| 31 Mar 2026 | 40.31% | 59.69% | 0.00 | |
| 31 Dec 2025 | 40.31% | 59.69% | 0.00 | |
| 30 Sep 2025 | 40.31% | 59.69% | – |
Major shareholders
Filings & events
News
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