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Pokarna Ltd (POKARNA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532486 NSE: POKARNA Ceramics/Marble/Granite/Sanitaryware | Small Cap | Pokarna Share Price

₹1,025.05 0.10 (0.01%)

As on 03-Jul'26 16:59

Pokarna Ltd (POKARNA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532486 NSE: POKARNA Ceramics/Marble/Granite/Sanitaryware | Small Cap | Pokarna Share Price

₹1,025.05 0.10 (0.01%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,178 Cr.
Current Price
₹1,025.1
52-Week Low / High
₹693 / 1,147
TTM EPS
₹26
TTM Sales
₹572 Cr.
Book Value per Share
₹276.4
P/E Ratio
39.43
Higher than its 5-year historical median
Industry PE
46.8
Price to Book (P/B)
3.71
Higher than its 5-year historical median
Price to Sales (P/S)
5.56
Higher than its 5-year historical median
EV/EBITDA
18.60
Higher than its 5-year historical median
Dividend Yield
0.06%
Profitability Efficiency
Return on Equity (ROE)
9.86%
Outperforms industry median
Return on Capital Employed (ROCE)
11.85%
Outperforms industry median
Return on Assets (ROA)
5.20%
Operating Profit Margin
29.5%
Net Profit Margin
14.1%
Gross Profit Margin
28%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-38.54%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-48.48%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-56.98%
Asset Quality
Promoter Holding
56.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹851 Cr.
Equity
₹6.2 Cr.
Face Value
₹2
All Time Low / High
₹4.41 / 1451.70

Pokarna stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Pokarna Ltd a good quality company?
Pokarna Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Pokarna Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pokarna Ltd vs industry peers?
Pokarna Ltd revenue CAGR is 18.75%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pokarna Ltd?
Promoters hold 56.66% of the Pokarna Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Pokarna Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pokarna Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 33%18.8%26.9%20.1%10.4%17.8%14.9%18.5%29.1%11.9%-
Value Creation
Index
1.40.30.90.4-0.30.30.10.31.1-0.2-

Growth Parameters

Sales 367337462394295650725688930572572
Sales YoY Gr.--8.4%37.3%-14.8%-25.1%120.4%11.6%-5.2%35.3%-38.5%-
Adj EPS 23.41324.922.38.324.420.127.356.722.726
YoY Gr.--44.4%91.5%-10.6%-62.6%192.6%-17.6%36.2%107.5%-60%-
BVPS (₹) 48.761.887.2109.2117.9142.9163.6191.1250.9276.4276.4
Adj Net
Profit
72.640.377.26925.875.662.384.817670.481
Cash Flow from Ops. 11177.110837998.359.4136188191183-
Debt/CF from Ops. 2.43.22.20.83.18.63.32.11.72.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5%14.1%-7.6%-38.5%
Adj EPS -0.3%22.2%4.2%-60%
BVPS21.3%18.6%19.1%10.2%
Share Price 19% 24.4% 41.4% -4.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
58.623.533.422.77.318.713.115.425.78.69.4
Op. Profit
Mgn %
37.428.631.733.828.227.223.730.735.129.528.8
Net Profit
Mgn %
19.81216.717.58.811.68.612.318.912.314.1
Debt to
Equity
1.81.30.90.90.81.20.90.70.40.50.4
Working Cap
Days
203238192213253169187196173289146
Cash Conv.
Cycle
1241409486104831031047514063

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales367337462394295650725688930572
Operating Expenses + 230242318262212474554477603403
Manufacturing Costs838285595610210510212287
Material Costs767914612088235305247309163
Employee Cost 33384243365357679683
Other Costs 38424540338487617770
Operating Profit 1379514413283176171211327168
Operating Profit Margin (%) 37.4%28.2%31.2%33.4%28.0%27.1%23.6%30.6%35.1%29.5%
Other Income + 106956711122122
Exceptional Items 0000000000
Interest 33302723224349403830
Depreciation 17202623213940434449
Profit Before Tax 9751101914510293140266111
Tax 2092120172425487830
Profit After Tax 774281712878689118781
PAT Margin (%) 21.0%12.6%17.5%18.0%9.6%12.0%9.4%13.3%20.2%14.1%
Adjusted EPS (₹)22.713.626.022.89.125.321.228.260.526.0
Dividend Payout Ratio (%)2.70%4.40%2.30%2.60%6.60%2.40%2.80%2.10%1%2.30%

Valuation of Pokarna - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 151191270339366443507592778857
Share Capital 6666666666
Reserves 145185264332359437501586772851
Debt +235221208274289489417348275362
Long Term Debt182162152224226384345304215303
Short Term Debt535956506210472446059
Minority Interest0000000000
Trade Payables283039344610859758950
Others Liabilities 947498281303139136225318371
Total Liabilities 5085166159271,0031,1781,1201,2401,4601,639

Fixed Assets

Net Fixed Assets +260270259269699758733710793787
Gross Block4444674785109571,0501,0601,0471,1711,208
Accumulated Depreciation185198219241258292327337377421
CWIP 335543165116541386
Investments 0000000000
Inventories9810110090111183182164157142
Trade Receivables6769683443143109120186144
Cash Equivalents 282137322631308312363
Others Assets 54529672596164100160117
Total Assets 5085166159271,0031,1781,1201,2401,4601,639

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 111771083799859136188191183
PBT 9751101914510293140266111
Adjustment 49495246406988736969
Changes in Working Capital -9-3-2225823-96-187-8840
Tax Paid -24-20-22-16-10-15-28-30-55-37
Cash Flow From Investing Activity + -32-30-67-390-86-215-32-38-94-321
Capex -32-31-67-391-87-215-33-39-95-325
Net Investments 0000000000
Others -0111111114
Cash Flow From Financing Activity + -65-52-44-1-13161-114-108-10162
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00068-5157-40-39-8091
Interest Paid -32-29-25-22-21-35-37-37-32-23
Dividend Paid -7-2-2-2-2-2-2-2-2-2
Others -25-21-16-451641-35-3113-4
Net Cash Flow 14-4-2-12-06-1042-4-76

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)62.3424.6834.9323.228.0319.3714.3316.6227.359.86
ROCE (%)32.9718.7626.9220.0910.3717.7714.8518.4929.1211.85
Asset Turnover Ratio0.760.660.820.510.310.60.630.580.690.37
PAT to CFO Conversion(x)1.441.831.335.343.50.7622.071.022.26
Working Capital Days
Receivable Days71.6073.5054.4047.3047.8052.4063.5060.8059.90105.30
Inventory Days91.90107.7079.5087.8012482.609291.8062.9095.40
Payable Days125132.7086.10110.20166.10119.4010098.9096.80156

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pokarna Ltd FAQs

The current trading price of Pokarna on 03-Jul-2026 16:59 is ₹1,025.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jul-2026 the market cap of Pokarna stood at ₹3,178.1 Cr

The latest P/E ratio of Pokarna as of 02-Jul-2026 is 0.00.

The latest P/B ratio of Pokarna as of 02-Jul-2026 is 31.86.

The 52-week high of Pokarna is ₹1,147.4 and the 52-week low is ₹692.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pokarna is ₹22.69 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pokarna Ltd is a good quality company.

The key valuation ratios of Pokarna Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pokarna Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Pokarna Ltd

Pokarna Ltd., a Pokarna Group company founded in 1991 under the vision of Gautam Chandra Jain is the India's No. 1 granite company and one of the largest exporters of natural stone from India dealing in over 80 premium colors and exporting to different parts of globe.

Today Pokarna is a well reputed name in granite industry, Pokarna prides itself as being the largest exporter of finished granite in India and one of the largest in Asia with export over 12 countries globally across Europe, middle east and predominately North America.

They process granite at two state of the art manufacturing facilities where their magic with granite begins with raw material from their own quarries as well as carefully identified independent ones.

For three decades & more, one group of companies - POKARNA - dared to be different, dared to be impractical and dared to do just about anything to assert integrity of purpose and imaginative wisdom against the creatures of the common place, the slaves of the ordinary. It dared to be different by pushing the envelope, by breaking the boundaries. The group that began life with textiles soon became the country's No. 1. In this remarkable journey to success and perfection, it picked up 30 years of experience in developing, marketing and distributing India 's largest premium brand to the fashion conscious Indian male.

Pokarna Group then diversified into granite processing for export and achieved the position of No 1 again. On this bedrock of financial strength, the group launched the apparels division –‘Stanza’

Product range of the company includes:

The company is engaged in the processing and export of granite in different colours:

  • Slabs
  • Tiles
  • Rough block
  • Cut to size

Achievements/ recognition:-

  • The Rocky Award 2005
  • Fastest growing and largest granite & stone company in India
  • Best exporter performance award, and many more
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