Ester Industries Limited share price

Ester Industries Limited engages in the manufacture and sale of polyester films in India and internationally. It operates through Polyester chips and films; and Specialty Polymers segments. The company offers polyester films, including lidding and sealable films, barrier films, PCR and sustainable films, label films, and decorative, visual and brand enhancement films. It also provides textile and industrial polymers, such as flame-retardant, recycled flame-retardant, high-tenacity, and hot-melt technical polymers; low melt adhesive, polyester, resin, crystalline polymer, high IV LMC polymer, and co-polyester coating polymer; co-polyester coating, packaging film, high-temperature packaging, …Read more

Website NSE हिंदी में BSE

Basic MaterialsSpecialty ChemicalsNSE: ESTERISIN INE778B01029

16 Oct 2026, 3:29 PM IST₹91.25▼ 0.99 (1.07%)

Market Cap₹ 952 Cr.
Current Price₹ 91.25
High / Low₹ 120 / 69
Stock P/E—
Book Value₹ 81
Dividend Yield0.27 %
ROCE3.2 %
ROE-3.50 %
Face Value₹ 5.0

More figures (10)

EPS (TTM)₹ -0.24
Price / Book1.13
OPM4.0 %
Debt / Equity0.93
Sales growth (5Y)6.8 %
Profit growth (5Y)—
Promoter holding76.4 %
EV / EBITDA12.4
Beta0.49
All-time high₹ 190

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
ESTER	+5.81%	+1.89%	-0.89%	-10.82%	-21.44%	-0.76%	-9.48%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Ester Industries Limited is in the Specialty Chemicals industry (Basic Materials), with a market value of ₹952 crore.
Revenue grew 6.8% a year over the last 5 years.
Return on equity was -3.5% and return on capital employed 3.2% in the latest year.
Debt was 0.93 times shareholders' equity.
The share price is 24.0% below its 52-week high and down 21.4% over one year.
Promoters and insiders hold about 76.4%; institutions about 0.0%.

Pros

Promoters hold a large stake of 62.31%.

Cons

Return on equity has been low: -6.1% on average over the last 3 years.
Interest cover is thin: operating earnings are 1.1 times the interest cost.
Other income makes up 610% of profit before tax.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Ester Industries Limited

Employees: 446
Head office: Gurugram

Basic MaterialsSpecialty Chemicals

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Ester Industries	91.25	—	952	0.27	19	—	432	27.78	3.2	-3.5	1.13	4.0	0.93	76.42	1,375	6.8
2.	Asian Paints	2,331.90	46.9	2,23,546	1.17	1,539	39.96	10,521	17.89	24.4	21.2	10.47	15.8	0.18	52.90	35,541	1.1
3.	Solar Industries India	20,011.00	90.9	1,81,080	0.06	653	92.66	3,668	70.26	29.5	31.4	28.85	24.9	0.29	43.92	9,612	12.4
4.	Pidilite Industries	1,502.80	57.8	1,53,066	0.76	884	30.29	4,552	21.27	28.5	23.8	14.12	21.6	0.04	69.28	14,601	7.4
5.	Berger Paints India	473.95	45.4	55,263	0.85	404	54.30	3,584	32.53	20.6	17.2	7.99	12.6	0.09	75.60	11,790	4.2
6.	Linde India	6,184.50	96.5	52,744	0.07	105	-11.67	694	17.32	16.3	13.6	12.36	26.7	0.02	77.98	2,530	0.3
7.	Gujarat Fluorochemicals	4,402.90	79.1	48,366	0.07	219	19.02	1,588	23.97	9.6	7.6	6.32	17.1	0.29	66.44	4,875	-4.5
8.	Himadri Speciality Chemical	660.70	41.5	33,337	0.12	230	47.53	1,432	26.20	21.0	17.8	7.08	20.1	0.16	57.43	4,658	3.7
9.	Acutaas Chemicals	3,206.00	68.2	26,248	0.08	74	18.85	330	9.32	27.7	24.0	15.88	33.5	0.02	38.31	1,329	29.4
10.	Aether Industries	1,538.60	86.6	20,422	0.00	63	33.45	327	27.49	12.1	9.4	8.31	24.0	0.19	76.58	1,160	20.2
	Median: 41 Co.	1,935.25	40.4	9,063	0.27	224	33.45	1,510	25.08	20.8	11.5	5.40	11.9	0.17	67.86	4,767	4.9

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	258	261	268	277	286	331	346	319	338	354	339	344	432
YOY Sales Growth %	-20.57%	-13.58%	38.92%	-6.09%	11.09%	26.70%	29.06%	15.37%	18.19%	6.95%	-1.91%	7.69%	27.78%
	257	272	287	271	275	291	286	283	318	339	322	302	383
Material Cost %	68%	71%	75%	70%	67%	61%	59%	61%	63%	68%	67%	58%	64%
Employee Cost %	6%	6%	6%	6%	6%	5%	6%	6%	5%	6%	7%	7%	5%
Other Expenses %	26%	27%	26%	22%	23%	21%	18%	22%	25%	22%	21%	23%	19%
Operating Profit	0	-10	-19	6	11	40	60	37	21	15	17	42	50
OPM %	0%	-4%	-7%	2%	4%	12%	17%	11%	6%	4%	5%	12%	11%
	9	10	5	3	6	3	5	3	9	3	5	1	10
Exceptional items								-0	-0	-1	-0	-0	-0
Interest	17	18	18	18	17	18	16	16	15	17	16	16	17
Depreciation	16	17	17	18	17	17	17	17	17	17	18	18	18
Profit before tax	-24	-35	-50	-27	-17	7	31	6	-4	-17	-13	9	24
						55%	21%	69%				17%	21%
Current tax						1	1	3	3	-1	-1	2	5
Deferred tax	-1	-5	-5	-3	-1	3	6	1	0	-0	0	-1	0
	-22	-30	-45	-24	-16	3	25	2	-7	-16	-12	8	19
YOY Profit Growth %	-153.08%	-124.57%								-622.76%	-150.02%	301.47%
EPS in Rs	-2.65	-3.65	-5.37	-2.83	-1.71	0.32	2.64	0.21	-0.74	-1.62	-1.27	0.81	1.84
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	198	238	204	216	240	298	275	258	279	260	250	256	339
YOY Sales Growth %	-38.91%	-21.90%	3.65%	-14.45%	20.96%	25.46%	34.77%	19.54%	16.43%	-12.77%	-8.98%	-0.76%	21.58%
	194	241	212	211	227	266	233	225	253	249	240	232	308
Material Cost %	64%	72%	72%	69%	67%	67%	60%	63%	66%	69%	68%	63%	68%
Employee Cost %	6%	6%	7%	6%	6%	5%	6%	6%	6%	6%	8%	8%	6%
Other Expenses %	27%	23%	25%	23%	22%	17%	19%	19%	19%	21%	20%	20%	17%
Operating Profit	4	-4	-8	4	13	32	42	33	26	11	10	24	32
OPM %	2%	-2%	-4%	2%	5%	11%	15%	13%	9%	4%	4%	10%	9%
Other Income	8	6	7	4	4	4	3	3	6	3	4	1	8
Interest	9	10	9	9	9	10	8	9	8	10	9	9	9
Depreciation	10	10	11	11	11	11	11	11	11	11	11	11	11
Profit before tax	-7	-17	-21	-12	-3	15	25	17	13	-6	-5	6	19
						24%	26%	26%	26%			26%	25%
Current tax						1	1	3	3	-1	-1	2	5
Deferred tax	-1	-5	-5	-3	-1	3	6	1	0	-0	0	-1	0
	-5	-13	-16	-9	-2	12	19	12	10	-5	-5	4	15
YOY Profit Growth %	-112.54%	-110.06%		-412.91%						-141.36%	-126.26%	-64.03%	50.54%
EPS in Rs	-0.63	-1.53	-1.93	-1.09	-0.22	1.24	1.98	1.31	1.00	-0.50	-0.50	0.45	1.43
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	992	1,406	1,114	1,063	1,282	1,375	1,469
YOY Sales Growth %		41.73%	-20.74%	-4.55%	20.56%	7.26%
	761	1,165	1,022	1,087	1,135	1,281	1,346
Material Cost %	51%	63%	64%	71%	62%	64%	65%
Employee Cost %	7%	5%	5%	6%	6%	6%	6%
Other Expenses %	18%	15%	23%	25%	21%	23%	21%
Operating Profit	231	241	92	-24	147	95	124
OPM %	23%	17%	8%	-2%	11%	7%	8%
	8	9	12	27	17	18	19
Exceptional items					-0	-2	-2
Interest	19	25	36	70	67	65	67
Depreciation	35	39	44	68	69	70	71
Profit before tax	185	186	24	-135	28	-24	3
	26%	27%	51%		51%		155%
Current tax	49	49	11		4	3
Deferred tax	-1	1	1	-14	10	-0
	137	137	137	-121	14	-27	-2
YOY Profit Growth %		-0.57%	0.13%	-188.42%		-300.54%
EPS in Rs	16.49	16.39	16.41	-14.49	1.46	-2.82	-0.24
Dividend Payout %		20%	12%

Compounded Sales Growth

5 Years:: 7%
3 Years:: 7%
TTM:: 10%

Compounded Profit Growth

TTM:: -107%

Stock Price CAGR

5 Years:: -9%
3 Years:: -1%
1 Year:: -21%

Return on Equity

4 Years:: 0%
Last Year:: -4%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	215	215	1,028	1,039	992	1,406	1,077	855	1,070	1,045	1,105
YOY Sales Growth %			377.68%	1.03%	-4.52%	41.73%	-23.35%	-20.61%	25.14%	-2.37%
	202	202	920	849	756	1,163	977	859	951	974	1,028
Material Cost %	63%	63%	68%	60%	51%	63%	64%	70%	64%	66%	67%
Employee Cost %	5%	5%	5%	5%	7%	5%	5%	6%	6%	7%	7%
Other Expenses %	25%	25%	17%	17%	18%	15%	22%	24%	19%	20%	19%
Operating Profit	13	13	108	189	236	243	100	-3	119	71	77
OPM %	6%	6%	11%	18%	24%	17%	9%	0%	11%	7%	7%
Other Income	2	2	6	9	8	9	17	26	14	14	17
Interest	8	8	34	24	19	25	30	37	36	35	36
Depreciation	8	8	32	35	35	39	39	43	43	43	44
Profit before tax	-1	-1	47	139	190	188	48	-57	55	8	14
			34%	28%	25%	26%	25%		26%	42%	34%
Current tax			11	30	49	49	11		4	3
Deferred tax	-0	-0	5	9	-1	1	1	-14	10	-0
	-1	-1	31	99	142	139	161	-43	41	4	9
YOY Profit Growth %				219.87%	42.79%	-2.26%	15.97%	-126.91%		-89.21%
EPS in Rs	-0.07	-0.07	3.73	11.93	17.04	16.65	19.31	-5.19	4.31	0.45	0.88
Dividend Payout %						20%	10%			134%

Compounded Sales Growth

5 Years:: 1%
3 Years:: -1%
TTM:: 0%

Compounded Profit Growth

5 Years:: -50%
3 Years:: -70%
TTM:: -82%

Stock Price CAGR

5 Years:: -9%
3 Years:: -1%
1 Year:: -21%

Return on Equity

4 Years:: 0%
Last Year:: -4%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	42	47	47	49
Reserves	702	671	725	734
	816	773	660	729
Long term borrowings	538	439	405	405
Short term borrowings	278	334	255	324
	155	153	140	162
Trade payables	32	64	47	67
Current liabilities	359	429	332	421
Total Liabilities	1,715	1,643	1,573	1,674
	1,085	1,079	1,033	1,024
Gross block	1,285	1,327	1,347	1,403
Accumulated depreciation	200	249	314	379
Goodwill & intangibles	1	1	0	0
CWIP	108	91	56	46
	522	474	484	603
Inventories	172	145	161	211
Trade receivables	152	147	170	185
Cash & equivalents	28	100	23	1
Current assets	607	543	505	606
Total Assets	1,715	1,643	1,573	1,674

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	58	44	112	89
Profit for the year	137	-121	14	-27
Working capital changes	-47	65	-37	-35
Direct taxes paid	-10	-2	-3	-5
	-199	42	-56	-116
Fixed assets purchased	-257	-73	-31	-61
Fixed assets sold	1	2	1	0
Investments purchased	-236	-31	-99	-74
Investments sold	65	139	86	22
	114	-14	-133	6
Proceeds from borrowings	212	26	113	70
Repayment of borrowings	-53	-121	-184	-90
Interest paid	-29	-61	-58	-57
Dividends paid	-16	-4		-6
Net Cash Flow	-28	72	-77	-21
Free Cash Flow	-199	-30	81	27

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	18.4%	-16.6%	1.8%	-3.5%
ROCE	—	4.4%	-5.3%	7.7%	3.2%
Operating margin	—	8.3%	-8.0%	6.9%	4.0%
Net margin	—	12.4%	-11.4%	1.1%	-2.0%
Debt / equity	—	1.10	1.08	0.85	0.93
Current ratio	—	1.69	1.27	1.52	1.44
Debtor days	—	50	51	49	49
Inventory days	—	74	56	61	71
Days payable	—	14	25	18	22
Cash conversion cycle	—	110	82	92	98
Working capital days	—	82	39	50	49

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 62.31%
FIIs 0.12%
DIIs 0.16%
Public 37.42%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	64.04%	62.46%	62.46%	62.40%	62.40%	62.40%	62.73%	62.73%	62.71%	62.71%	62.32%	62.31%
	0.03%	0.04%	0.03%	0.10%	0.04%	0.08%	0.17%	0.03%	0.06%	0.05%	0.03%	0.12%
Foreign portfolio investors (Cat. I)	0.03%	0.04%	0.03%	0.10%	0.04%	0.07%	0.15%	0.03%	0.04%	0.05%	0.03%	0.08%
Foreign portfolio investors (Cat. II)						0.01%	0.02%		0.02%			0.04%
	0.02%	0.01%	0.01%	0.44%	0.01%	0.01%	0.01%	0.05%	0.13%	0.17%	0.16%	0.16%
Mutual funds	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Alternative investment funds				0.43%				0.03%	0.12%	0.15%	0.14%	0.14%
	35.91%	37.49%	37.50%	37.06%	37.55%	37.51%	37.09%	37.19%	37.09%	37.06%	37.49%	37.42%
Retail (up to ₹2 lakh)	18.92%	16.52%	14.90%	14.96%	15.14%	14.94%	14.64%	15.09%	15.06%	15.01%	14.33%	14.35%
HNIs (above ₹2 lakh)	3.28%	6.01%	6.40%	6.55%	6.61%	6.98%	7.12%	6.79%	6.93%	6.98%	7.94%	7.81%
NRIs	1.19%	0.92%	0.88%	0.76%	0.66%	0.66%	0.73%	0.71%	0.58%	0.51%	0.48%	0.47%
Bodies corporate	1.55%	4.30%	5.04%	4.74%	5.08%	5.06%	4.32%	4.32%	4.24%	4.29%	3.86%	3.91%
IEPF	1.25%	1.11%	1.11%	1.10%	1.10%	1.10%	1.06%	1.06%	1.06%	1.06%	0.98%	0.98%
No. of Shareholders	41,447	41,428	37,803	38,291	38,640	37,772	37,681	38,337	37,694	36,924	37,110	36,857

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Ester Industries

No single fund or institution holds more than 1%.

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 0.01% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 17 Sep 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

Trade with our broking desk

Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.

Open an account How it works

Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Ester Industries Limited

What is the share price of Ester Industries Limited today?

Ester Industries Limited (ESTER) last traded at ₹91.25 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Ester Industries Limited?

About ₹952 crore at the latest price.

What is the P/E ratio of Ester Industries Limited?

The P/E is not available (for example when earnings are negative).

Is Ester Industries Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Ester Industries Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

Talk to us

Have a question about this topic?

Tell us a little about your situation and an expert will call you back, usually within 2 hours on business days.

Get in touch

We typically respond within 2 hours on business days.

Call us

CA Amit Kumar Jain+91 93522 44475 Arihant Jain+91 80056 49698 Poornima Jain+91 92525 44475

Email ussupport@plenitude.co.in

WhatsAppChat with an expert

Visit us5C, Laxmi Colony, Near Bohra Ji Ka Bagh, Opp. Laxmi Mandir Cinema, Tonk Road, Jaipur, Rajasthan 302015

Mon–Sat · 10:00 AM – 7:00 PM IST

In your free consultation

A health check of your current investments
A goal-based plan for retirement, education or a home
Ways to save tax that fit your situation
Clear next steps, with zero pressure to invest

2,000+Investors

₹250 Cr+Client assets

15+ yrsExperience

AMFI Registered Mutual Fund Distributor · ARN-130934

Experts are available Mon–Sat, 10 AM – 7 PM

Book your free wealth consultation

100% free
No obligation
Reply within 2 hours

First name *

Last name *

Email *

Phone *

+91

I'm interested in *

Best day for a call

Preferred time

How can we help? (optional)

Upload your portfolio (optional, get a free expert review)Attach your portfolio statement · PDF, Excel or CSV (e.g. CAS), max 10 MB

I consent to being contacted by Plenitude Connect about financial services. My data will be handled as per the Privacy Policy.

Join 2,000+ investors who plan with Plenitude

Your details are private and never shared.

Ester Industries Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Ester Industries Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Ester Industries

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Ester Industries Limited

Have a question about this topic?

Book your free wealth consultation

Request received!

What happens next