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Quest Flow Controls financials: balance sheet, profit and loss, cash flow

BSE: 543982Industrial ProductsSmall Cap

QUEST FLOW CONTROLS LIMITED · Face value ₹10 · Listed Sep 2023
Last close ₹194.25down ₹0.95 (0.49%)

Share price at the BSE close on 28 Oct 2026. Previous close ₹195.20.

28 Oct: open ₹189.45, high ₹196.80, low ₹185.45

52-week range of traded prices to 28 Oct 2026
₹116.20Low, 30 Mar 2026₹288.75High, 15 May 2026
Market cap
₹199 Cr2,415th largest listed
P/E
Lossover the last 12 months
P/B
3.01
Dividend yield
Nonein the last 12 months
ROE
−28.0%
Debt to equity
0.05
Volume, BSE
16,400

Quest Flow Controls' financial statements for the 3 years to Mar 2026, standalone: the listed company alone, without its subsidiaries, with the half year to Sep 2026 after them.

3 years at a glance

₹ crore, years to March.Quest Flow Controls annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
639.15.6Mar 24616.34.7Mar 25590.25.5Mar 26
Peak revenue ₹63 Cr, year to Mar 2024; lowest ₹59 Cr, year to Mar 2026

Operating and net margin, per cent

  • Operating margin
  • Net margin
23.4%0.3%23.4%19.1%14.3%10.3%0.3%Mar 24Mar 25Mar 26

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue59
  2. Depreciation−4.9
  3. Other income+7.7
  4. Finance costs−0.7
  5. Profit before tax0.6
  6. Tax−0.5
  7. Net profit0.2

What the company owns

  • Plant, investments and other assets₹52 Cr
  • Receivables₹50 Cr
  • Inventory₹18 Cr
  • Cash and bank₹7 Cr

What pays for it: net worth and liabilities

  • Net worth₹85 Cr
  • Owed to suppliers₹31 Cr
  • Other liabilities₹6 Cr
  • Borrowings₹5 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2026, the latest two half years added.Quest Flow Controls half-yearly results

₹ croreMar 2024Mar 2025Filed 26 MayMar 2026Sep 2026Twelve monthsFiled 27 Oct
Revenue from operations63.161.158.657.0
48.449.4––
Materials and goods bought38.137.837.246.1
Employee costs4.36.0––
Other expenses6.05.6––
Operating profit before depreciation14.811.7––
Operating margin23.4%19.1%––
Materials, % of revenue60.3%61.8%––
Employee costs, % of revenue6.8%9.9%––
Other expenses, % of revenue9.6%9.2%––
Depreciation and amortisation1.23.44.9–
Operating profit after depreciation13.68.3––
Other income0.20.57.77.9
Finance costs0.90.80.70.7
Profit before one-off items and tax12.97.93.2−14.9
Profit before tax12.97.90.6−14.9
3.91.60.50.2
Net profit9.16.30.2−15.0
Net margin14.3%10.3%0.3%−26.4%
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2026: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ croreMar 2024Mar 2025Filed 26 MayMar 2026Sep 2026Half yearFiled 27 Oct
60668572
Share capital1010––
Reserves5056––
6553
24133834
1552
Total assets8584128107
19243934
66608973
Net debt22−22
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ croreMar 2024Mar 2025Filed 26 MayMar 2026Sep 2026Half year
−13.110.1−3.1−9.6
−10.014.6−2.3−7.2
−24.11.4−9.5−1.9
Receivables−19.3−2.9−13.12.7
Inventories−2.17.6−10.61.1
Payables−5.6−5.022.5−2.0
Other working capital2.91.7−8.3−3.6
Tax paid−3.0−4.0−0.4−2.4
Interest paid0.0−0.5−0.30.0
Capital spending13.65.18.40.8
Free cash flow−26.75.0−11.4−10.4
−17.2−8.9−11.75.4
31.1−1.518.8−2.7
Dividends paid0.00.00.00.0
Shares issued31.10.0–0.0
Net change in cash0.8−0.24.1−6.9
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. Shares issued is left blank for the year to Mar 2026: the money stated as raised on shares and other equity instruments is more than three times what the shares issued in the period were worth at its end, so not all of it bought shares and the figure is not given.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2024Mar 2025Filed 26 MayMar 2026
Earnings per share₹10.38₹6.18₹0.15
Diluted earnings per share₹10.38₹6.18₹0.15
Book value per share₹59.51₹65.39₹83.20
Shareholder yield−4.6%0.0%–
Market cap at the year end (₹ crore)681471123
Shareholder yield is left blank for the year to Mar 2026: the money stated as raised on shares and other equity instruments is more than three times what the shares issued in the period were worth at its end, so not all of it bought shares and the figure is not given.

Ratios

Standalone, years to March.Quest Flow Controls PE ratio and valuation

RatioMar 2024Mar 2025Filed 26 MayMar 2026
Revenue growth–−3.2%−4.1%
Operating profit growth–−20.8%–
Net profit growth–−30.7%−97.5%
Earnings per share growth–−40.5%−97.6%
15.0%9.9%0.2%
–−5.1 pts−9.7 pts
From the net margin–−4.2 pts−9.6 pts
From asset turnover–−0.3 pts−0.1 pts
From borrowing–−0.5 pts0.0 pts
Return on capital employed20.6%11.6%–
Cash conversion−144.9%161.7%−1,974.3%
Interest cover15.710.1–
Debt to equity0.090.070.06
Receivable days201226314
Inventory days13969174
Payable days–81302
Cash conversion cycle, days–214185
Working capital days259268275
Asset turnover0.750.720.55
Assets per rupee of net worth1.401.331.39
Sales per rupee of plant3.593.422.74
Capital spending to depreciation11.731.491.72

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year
0.1%
Measure3 years
Return on equity, average8.4%
Return on capital employed, average16.1%
Operating margin, average21.3%
Net margin, average8.3%
Asset turnover, average0.67
Cash conversion cycle, days, average200
Interest cover, average12.9
Debt to equity, average0.08

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore3 yearsLatest year
Cash from operations−6.0−3.1
Cash from investing−37.7−11.7
Cash from financing48.418.8
Capital spending27.18.4
Dividends paid0.00.0
Borrowings raised0.70.7
Borrowings repaid1.00.1

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2024Mar 2025Mar 2026
Receivables growth less revenue growthOur threshold 0 percentage points–11.63–
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−50.01–
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−2.11–
Effective tax ratePublished threshold 17.16 per cent29.93––
Tax charged less tax paid, % of profitOur threshold 10 percentage points6.59––
A threshold marked as ours has no published figure; it is the line we read the check against.