About Ester Industries
Ester Industries is a publicly listed company based in Gurugram (India) founded in 1985 by Arvind Singhania, and was acquired by RadiciGroup in May 2022. Polyester films, engineered plastics, and specialty polymers are developed. The company has 891 employees. Its website esterindustries.com draws about 13 thousand monthly visits. Its Indian entity Ester Industries Limited reported revenue of βΉ1,393 Cr. Its focus areas include Chemicals and Materials and Polymers.
Company details
Ester Industries was founded in 1985 and is headquartered in Gurugram, India. Operations focus on the development and production of polyester films, engineered plastics, and specialty polymers within the chemicals and materials sector. These products are utilized in packaging, automotive, and electronics industries. The company is led by co-founder and chairman Arvind Singhania, with activities centered on innovation in polymer technologies across domestic and international markets.
- Headquarters Gurugram, India
- Employees 891
- Founders Arvind Singhania
- Stage Acquired
- SectorsChemicals & Materials
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website esterindustries.com
- Social LinkedIn
- Acquired by RadiciGroup (May 2022)
- Legal Name Ester Industries Limited
- Market Cap₹962 Cr
ESTER · NSE
- Share Price₹92.27
-1.24% today
- Revenue₹1,375 Cr
FY 2025-26 · +7.3% YoY
- EBITDA₹93.03 Cr
Margin 6.8%
- Net Profit−₹27.47 Cr
FY 2025-26 · -307.2% YoY
- P/E (TTM)44.0x
P/B 1.1x
- ROE-3.5%
ROCE 2.7%
- Debt / Equity0.89
Interest cover 281.1x
- Investors
- Employee Count891
- Acquired byRadiciGroup
(May 2022)
Associated legal entities of Ester Industries
Ester Industries operates through Ester Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ester Industries Limited Listed CIN L24111UR1985PLC015063 | Active | 04 Feb 1985 | Khatima, Uttarakhand | ₹1,393 Cr | 202 | 9 | View details |
Investors in Ester Industries
Ester Industries has secured backing from 1 investor. Prominent investors backing the company include RadiciGroup.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Polyamide, synthetic fibres, and performance plastics are manufactured by RadiciGroup. | 1941 | radicigroup.com | Gandino, Italy |
Investor details for Ester Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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Board of directors of Ester Industries Limited (Ester Industries)
Ester Industries Limited is the primary company behind Ester Industries. The board of Ester Industries Limited currently have 6 directors; the longest-serving is Arvind Singhania, appointed in 1994. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arvind Singhania DIN 00934017 | Managing Director | 01 Jul 1994 | 32 yrs 4 mo | Ester Industries Limited |
| Pradeep Kumar Rustagi DIN 00879345 | Whole-time director | 14 Feb 2011 | 15 yrs 8 mo | Ester Industries Limited |
| Padmaja Shailen Ruparel DIN 01383513 | Director | 01 Apr 2020 | 6 yrs 7 mo | Ester Industries Limited |
| Ayush Vardhan Singhania DIN 05176205 | Whole-time director | 01 Jun 2021 | 5 yrs 5 mo | Ester Industries Limited |
| Atul Aggarwal DIN 00125825 | Director | 14 Feb 2024 | 2 yrs 8 mo | Ester Industries Limited |
| Abhay Anant Gupte DIN 00389288 | Director | 06 May 2025 | 1 yr 6 mo | Ester Industries Limited |
People of Ester Industries
46 people are tracked at Ester Industries (12 in leadership, 34 in team); the tracked headcount is 891.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chairman | Leadership | |
Adhrua Minocha | Chief Human Resources Officer | Leadership |
Palash Aggrawal | Head- HR | Leadership |
Yatin Sheth | Head - Specialty Polymers & Polyester Division | Leadership |
Deepak Chamoli | Head - Production ( Engg. Plastics ) | Leadership |
Dr. Atulkumar Raja | Head R D | Leadership |
Surendra Dangwal | Head Projects & Engineering | Leadership |
Shankar Awasthi | Head Polymerization | Leadership |
Tarun Bindal | Head Sales & Business Development - PAN India & South East Asia | Leadership |
Sourabh Agarwal | Chief Financial Officer | Leadership |
Sobit Omer | Head Accounts & Finance ( Ca) | Leadership |
Ca Kumar Gaurav | Head - Accounts & Indirect Taxation | Leadership |
Janmejay Tiwari | Deputy Manager Human Resources | Team |
Anurag Tyagi | Back Office & Operation | Team |
Prem Chandra Birkhani | Group Leader NPD FILM | Team |
Arunachalam Annamalai | Senior Team Member | Team |
Shiv Shankar | Deputy Manager (ppc) | Team |
Chetan Bhatt | Shift Engineer | Team |
Poornima Gupta | Company Secretary & Compliance Officer | Team |
Akkash Singh Pawarr | Human Resources Manager | Team |
26 more people are available in the full profile.
Complete people profiles for Ester Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Ester Industries
Ester Industries is a publicly listed company on the NSE with ticker symbol ESTER in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date20 Jun 2011
- Listed onNSE: ESTER
- Listed entityEster Industries Limited
- Exchange sectorProcess industries
- ISININE778B01029
- Share price₹94.05 (+1.51% on the day) · 2026-10-14
- Market capitalisation₹971 Cr
- Price to earnings216.7
- EPS (diluted, trailing year)₹-0.24
- Dividend yield0.27%
- Volume (last session)19,218
Financials of Ester Industries
Exchange-reported figures of Ester Industries Limited, the listed company behind Ester Industries (NSE: ESTER).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,375 | 1,282 | 1,063 | 1,114 | 1,110 | 992 | 771 |
| Revenue growth | +7.3% | +20.6% | -4.6% | +0.4% | +12.0% | - | - |
| EBITDA | 93.03 | 147 | (23.63) | 91.77 | 171 | 231 | 70.39 |
| EBITDA margin | +6.8% | +11.5% | -2.2% | +8.2% | +15.4% | +23.3% | +9.1% |
| Profit before tax | (24.28) | 27.80 | (135) | 149 | 169 | 185 | 6.84 |
| Net profit | (27.47) | 13.26 | (132) | 137 | 137 | 138 | 4.61 |
| Net profit margin | -2.0% | +1.0% | -12.4% | +12.3% | +12.3% | +13.9% | +0.6% |
| EPS (βΉ) | (2.82) | 1.46 | (12.88) | 16.42 | 16.39 | 16.49 | 0.55 |
| Balance sheet | |||||||
| Total assets | 1,553 | 1,472 | 1,532 | 1,603 | 1,291 | 753 | 615 |
| Net worth | 783 | 773 | 718 | 743 | 623 | 517 | 292 |
| Total debt | 729 | 660 | 773 | 816 | 638 | 203 | 316 |
| Cash & bank | 105 | 68.04 | 117 | 51.73 | 60.91 | 27.57 | 7.81 |
| Net working capital | 455 | 371 | 379 | 371 | 422 | 276 | 227 |
| Cash flow | |||||||
| Cash from operations | 88.54 | 112 | 43.78 | 57.74 | 61.87 | 146 | 81.47 |
| Cash from investing | (116) | (56.48) | 41.71 | (199) | (392) | (147) | (20.19) |
| Cash from financing | 6.49 | (133) | (13.88) | 114 | 384 | 3.33 | (75.41) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 444 | 432 | 344 | 339 | 354 | 338 | 319 | 346 |
| Revenue growth (YoY) | +25.3% | +27.8% | +7.7% | -1.9% | +7.0% | +18.2% | - | - |
| Other income | 5.23 | 9.80 | 1.31 | 4.53 | 3.05 | 8.65 | 2.66 | 5.41 |
| EBITDA | 39.83 | 49.13 | 42.00 | 16.43 | 14.28 | 20.31 | 36.46 | 59.52 |
| EBITDA margin | +9.0% | +11.4% | +12.2% | +4.8% | +4.0% | +6.0% | +11.4% | +17.2% |
| Depreciation | 18.00 | 18.30 | 17.66 | 17.64 | 17.34 | 17.29 | 17.09 | 17.13 |
| Interest | 17.19 | 17.09 | 16.21 | 15.99 | 17.23 | 15.48 | 15.66 | 16.44 |
| Profit before tax | 9.87 | 23.54 | 9.44 | (12.67) | (17.24) | (3.81) | 6.37 | 31.36 |
| Tax | 2.03 | 4.92 | 1.56 | (0.27) | (1.45) | 3.34 | 4.41 | 6.54 |
| Net profit | 7.84 | 18.62 | 7.88 | (12.40) | (15.79) | (7.15) | 1.96 | 24.82 |
| EPS (βΉ) | 0.75 | 1.84 | 0.81 | (1.27) | (1.62) | (0.74) | 0.21 | 2.64 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,045 | 1,070 | 855 | 1,077 | 1,110 | 992 | 1,039 |
| Revenue growth | -2.4% | +25.1% | -20.6% | -3.0% | +12.0% | -4.5% | - |
| EBITDA | 71.44 | 119 | (3.43) | 100 | 173 | 236 | 189 |
| EBITDA margin | +6.8% | +11.1% | -0.4% | +9.3% | +15.6% | +23.8% | +18.2% |
| Profit before tax | 7.56 | 54.64 | (57.29) | 173 | 171 | 190 | 139 |
| Net profit | 4.37 | 39.88 | (54.70) | 161 | 139 | 142 | 101 |
| Net profit margin | +0.4% | +3.7% | -6.4% | +15.0% | +12.5% | +14.4% | +9.7% |
| EPS (βΉ) | 0.45 | 4.31 | (4.61) | 19.31 | 16.65 | 17.04 | 11.93 |
| Balance sheet | |||||||
| Total assets | 1,307 | 1,232 | 1,219 | 1,188 | 979 | 758 | 600 |
| Net worth | 950 | 908 | 826 | 774 | 629 | 522 | 413 |
| Total debt | 334 | 300 | 367 | 386 | 319 | 203 | 151 |
| Cash & bank | 92.09 | 55.84 | 106 | 50.36 | 27.63 | 26.13 | 13.87 |
| Net working capital | 344 | 282 | 293 | 300 | 387 | 276 | 225 |
| Cash flow | |||||||
| Cash from operations | 52.81 | 79.57 | 65.57 | 138 | 78.89 | 151 | 172 |
| Cash from investing | (105) | (103) | (36.70) | (156) | (122) | (154) | (51.26) |
| Cash from financing | 30.64 | (54.11) | 42.75 | 23.68 | 65.27 | 3.35 | (120) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 360 | 339 | 256 | 250 | 260 | 279 | 258 | 275 |
| Revenue growth (YoY) | +38.5% | +21.6% | -0.8% | -9.0% | -12.8% | +16.4% | - | - |
| Other income | 5.71 | 8.47 | 1.21 | 3.96 | 3.30 | 5.97 | 3.34 | 2.63 |
| Total expenses | 337 | 308 | 232 | 240 | 249 | 253 | 225 | 233 |
| EBITDA | 22.90 | 31.53 | 24.36 | 10.38 | 10.73 | 25.98 | 32.82 | 41.66 |
| EBITDA margin | +6.4% | +9.3% | +9.5% | +4.2% | +4.1% | +9.3% | +12.7% | +15.2% |
| Depreciation | 10.83 | 11.24 | 10.67 | 10.88 | 10.78 | 10.90 | 10.76 | 10.74 |
| Interest | 9.65 | 9.34 | 8.90 | 8.61 | 9.52 | 8.06 | 8.67 | 8.39 |
| Profit before tax | 8.13 | 19.42 | 6.00 | (5.15) | (6.27) | 12.99 | 16.73 | 25.16 |
| Tax | 2.03 | 4.92 | 1.56 | (0.27) | (1.45) | 3.34 | 4.41 | 6.54 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 444 | 432 | 344 | 339 | 354 | 338 | 319 | 346 |
| Revenue growth (YoY) | +25.3% | +27.8% | +7.7% | -1.9% | +7.0% | +18.2% | - | - |
| Other income | 5.23 | 9.80 | 1.31 | 4.53 | 3.05 | 8.65 | 2.66 | 5.41 |
| EBITDA | 39.83 | 49.13 | 42.00 | 16.43 | 14.28 | 20.31 | 36.46 | 59.52 |
| EBITDA margin | +9.0% | +11.4% | +12.2% | +4.8% | +4.0% | +6.0% | +11.4% | +17.2% |
| Depreciation | 18.00 | 18.30 | 17.66 | 17.64 | 17.34 | 17.29 | 17.09 | 17.13 |
| Interest | 17.19 | 17.09 | 16.21 | 15.99 | 17.23 | 15.48 | 15.66 | 16.44 |
| Profit before tax | 9.87 | 23.54 | 9.44 | (12.67) | (17.24) | (3.81) | 6.37 | 31.36 |
| Tax | 2.03 | 4.92 | 1.56 | (0.27) | (1.45) | 3.34 | 4.41 | 6.54 |
| Net profit | 7.84 | 18.62 | 7.88 | (12.40) | (15.79) | (7.15) | 1.96 | 24.82 |
| EPS (βΉ) | 0.75 | 1.84 | 0.81 | (1.27) | (1.62) | (0.74) | 0.21 | 2.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,375 | 1,282 | 1,063 | 1,114 | 1,110 | 992 | 771 |
| Revenue growth | +7.3% | +20.6% | -4.6% | +0.4% | +12.0% | - | - |
| Other income | 17.53 | 16.90 | 27.02 | 138 | 59.85 | 7.98 | 4.82 |
| Total expenses | 1,282 | 1,135 | 1,087 | 1,022 | 939 | 761 | 700 |
| Employee cost | 0.00 | 71.15 | 63.68 | 54.57 | 59.80 | 68.17 | 44.56 |
| EBITDA | 93.03 | 147 | (23.63) | 91.77 | 171 | 231 | 70.39 |
| EBITDA margin | +6.8% | +11.5% | -2.2% | +8.2% | +15.4% | +23.3% | +9.1% |
| Depreciation | 69.93 | 68.75 | 68.03 | 43.93 | 36.82 | 35.23 | 32.36 |
| Interest | 64.91 | 67.33 | 70.36 | 36.34 | 24.88 | 18.57 | 36.01 |
| Profit before tax | (24.28) | 27.80 | (135) | 149 | 169 | 185 | 6.84 |
| Tax | 3.19 | 14.11 | (13.95) | 12.24 | 32.32 | 47.91 | 2.27 |
| Net profit | (27.47) | 13.26 | (132) | 137 | 137 | 138 | 4.61 |
| Net profit margin | -2.0% | +1.0% | -12.4% | +12.3% | +12.3% | +13.9% | +0.6% |
| EPS (βΉ) | (2.82) | 1.46 | (12.88) | 16.42 | 16.39 | 16.49 | 0.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.79 | 47.02 | 46.98 | 41.70 | 42.66 | 46.92 | 41.70 |
| Reserves & surplus | 704 | 682 | 671 | 702 | 580 | 470 | 250 |
| Shareholders' funds (net worth) | 783 | 773 | 718 | 743 | 623 | 517 | 292 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 590 | 548 | 593 | 653 | 473 | 93.68 | 316 |
| Unsecured loans | 139 | 112 | 180 | 163 | 165 | 109 | 0.00 |
| Total debt | 729 | 660 | 773 | 816 | 638 | 203 | 316 |
| Total liabilities | 1,553 | 1,472 | 1,532 | 1,603 | 1,291 | 753 | 615 |
| Assets | |||||||
| Gross block | 1,361 | 1,294 | 1,240 | 1,171 | 558 | 509 | 805 |
| Net block | 978 | 977 | 989 | 979 | 390 | 377 | 385 |
| Capital work in progress | 36.18 | 39.22 | 82.82 | 78.77 | 435 | 76.40 | 23.48 |
| Investments | 78.36 | 74.81 | 69.27 | 154 | 0.00 | 1.33 | 0.41 |
| Inventories | 209 | 161 | 145 | 172 | 203 | 137 | 128 |
| Sundry debtors | 185 | 170 | 147 | 152 | 193 | 151 | 112 |
| Cash & bank balances | 105 | 68.04 | 117 | 51.73 | 60.91 | 27.57 | 7.81 |
| Loans & advances | 53.21 | 47.47 | 65.27 | 77.16 | 70.94 | 37.32 | 24.33 |
| Total current assets | 552 | 447 | 474 | 453 | 529 | 353 | 273 |
| Total current liabilities | 96.98 | 76.46 | 95.29 | 81.19 | 106 | 76.87 | 45.85 |
| Net working capital | 455 | 371 | 379 | 371 | 422 | 276 | 227 |
| Total assets | 1,553 | 1,472 | 1,532 | 1,603 | 1,291 | 753 | 615 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Opening cash | 22.56 | 99.97 | 28.35 | 56.14 | 1.81 | 0.23 | 16.21 |
| Net cash from operating activities | 88.54 | 112 | 43.78 | 57.74 | 61.87 | 146 | 81.47 |
| Net cash from investing activities | (116) | (56.48) | 41.71 | (199) | (392) | (147) | (20.19) |
| Net cash from financing activities | 6.49 | (133) | (13.88) | 114 | 384 | 3.33 | (75.41) |
| Net change in cash | (21.39) | (77.40) | 71.61 | (27.79) | 54.33 | 1.58 | (14.13) |
| Closing cash | 105 | 68.04 | 117 | 51.73 | 60.91 | 27.57 | 7.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.3% | +20.6% | -4.6% | +0.4% | +12.0% | - | - |
| EBITDA growth | -36.7% | +722.0% | -125.8% | -46.3% | -26.1% | - | - |
| PBT growth | - | +9998.0% | - | -11.8% | -8.8% | +2610.4% | +40.7% |
| Net income growth | -307.2% | +110.0% | -196.5% | +0.1% | -0.5% | - | - |
| Revenue CAGR (3Y) | +7.3% | +4.9% | +2.4% | +13.1% | +7.4% | +2.2% | -4.5% |
| EBITDA CAGR (3Y) | +0.5% | -4.9% | - | +9.2% | +33.9% | +46.0% | +19.3% |
| Profitability & leverage | |||||||
| Net income margin | -2.0% | +1.1% | -11.4% | +12.3% | +12.3% | +13.9% | +0.6% |
| Return on capital employed | +2.7% | +6.3% | -4.1% | +4.2% | +14.0% | +27.1% | +6.8% |
| Return on net worth | -3.5% | +1.8% | -16.6% | +20.1% | +24.2% | +26.9% | +1.7% |
| Debt / equity | 0.89 | 0.96 | 1.09 | 1.06 | 0.74 | 0.39 | 1.25 |
| Long-term debt / equity | 0.52 | 0.57 | 0.67 | 0.74 | 0.50 | 0.18 | 0.40 |
| Interest cover | 281.12 | 86.07 | -76.76 | 75.96 | 18.56 | 9.48 | 94.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.04 | 1.01 | 0.88 | 1.29 | 2.08 | 1.95 | 1.06 |
| Inventory turnover | 7.43 | 8.38 | 6.71 | 5.93 | 6.53 | 7.26 | 6.57 |
| Debtors turnover | 7.74 | 8.07 | 7.12 | 6.46 | 6.44 | 6.56 | 7.31 |
| EPS (βΉ) | (2.82) | 1.46 | (12.88) | 16.42 | 16.39 | 16.49 | 0.55 |
| Dividend per share (βΉ) | 0.25 | 0.00 | 0.00 | 0.50 | 3.30 | 3.40 | 0.00 |
| Book value per share (βΉ) | 77.16 | 77.49 | 76.37 | 89.15 | 74.55 | 61.40 | 34.45 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 360 | 339 | 256 | 250 | 260 | 279 | 258 | 275 |
| Revenue growth (YoY) | +38.5% | +21.6% | -0.8% | -9.0% | -12.8% | +16.4% | - | - |
| Other income | 5.71 | 8.47 | 1.21 | 3.96 | 3.30 | 5.97 | 3.34 | 2.63 |
| Total expenses | 337 | 308 | 232 | 240 | 249 | 253 | 225 | 233 |
| EBITDA | 22.90 | 31.53 | 24.36 | 10.38 | 10.73 | 25.98 | 32.82 | 41.66 |
| EBITDA margin | +6.4% | +9.3% | +9.5% | +4.2% | +4.1% | +9.3% | +12.7% | +15.2% |
| Depreciation | 10.83 | 11.24 | 10.67 | 10.88 | 10.78 | 10.90 | 10.76 | 10.74 |
| Interest | 9.65 | 9.34 | 8.90 | 8.61 | 9.52 | 8.06 | 8.67 | 8.39 |
| Profit before tax | 8.13 | 19.42 | 6.00 | (5.15) | (6.27) | 12.99 | 16.73 | 25.16 |
| Tax | 2.03 | 4.92 | 1.56 | (0.27) | (1.45) | 3.34 | 4.41 | 6.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,045 | 1,070 | 855 | 1,077 | 1,110 | 992 | 1,039 |
| Revenue growth | -2.4% | +25.1% | -20.6% | -3.0% | +12.0% | -4.5% | - |
| Other income | 14.44 | 14.47 | 26.27 | 142 | 59.85 | 7.98 | 8.89 |
| Total expenses | 974 | 951 | 859 | 977 | 937 | 756 | 849 |
| Employee cost | 0.00 | 60.49 | 54.80 | 51.39 | 59.20 | 68.09 | 54.05 |
| EBITDA | 71.44 | 119 | (3.43) | 100 | 173 | 236 | 189 |
| EBITDA margin | +6.8% | +11.1% | -0.4% | +9.3% | +15.6% | +23.8% | +18.2% |
| Depreciation | 43.23 | 43.38 | 42.80 | 39.02 | 36.71 | 35.22 | 35.28 |
| Interest | 35.09 | 35.68 | 37.33 | 30.16 | 24.86 | 18.55 | 24.46 |
| Profit before tax | 7.56 | 54.64 | (57.29) | 173 | 171 | 190 | 139 |
| Tax | 3.19 | 14.11 | (13.95) | 12.24 | 32.32 | 47.91 | 39.07 |
| Net profit | 4.37 | 39.88 | (54.70) | 161 | 139 | 142 | 101 |
| Net profit margin | +0.4% | +3.7% | -6.4% | +15.0% | +12.5% | +14.4% | +9.7% |
| EPS (βΉ) | 0.45 | 4.31 | (4.61) | 19.31 | 16.65 | 17.04 | 11.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.79 | 47.02 | 46.98 | 41.70 | 42.66 | 46.92 | 46.79 |
| Reserves & surplus | 871 | 817 | 779 | 733 | 587 | 475 | 366 |
| Shareholders' funds (net worth) | 950 | 908 | 826 | 774 | 629 | 522 | 413 |
| Secured loans | 253 | 254 | 254 | 285 | 204 | 130 | 142 |
| Unsecured loans | 81.46 | 46.15 | 113 | 101 | 115 | 72.29 | 9.28 |
| Total debt | 334 | 300 | 367 | 386 | 319 | 203 | 151 |
| Total liabilities | 1,307 | 1,232 | 1,219 | 1,188 | 979 | 758 | 600 |
| Assets | |||||||
| Gross block | 688 | 668 | 618 | 558 | 556 | 509 | 465 |
| Net block | 388 | 406 | 397 | 371 | 388 | 377 | 364 |
| Capital work in progress | 33.68 | 38.91 | 81.73 | 77.59 | 18.91 | 21.95 | 22.69 |
| Investments | 545 | 510 | 442 | 424 | 181 | 97.68 | 0.23 |
| Inventories | 159 | 129 | 113 | 138 | 203 | 137 | 110 |
| Sundry debtors | 126 | 133 | 108 | 137 | 193 | 151 | 121 |
| Cash & bank balances | 92.09 | 55.84 | 106 | 50.36 | 27.63 | 26.13 | 13.87 |
| Loans & advances | 39.74 | 22.20 | 22.95 | 33.80 | 54.51 | 36.47 | 39.33 |
| Total current assets | 417 | 340 | 350 | 359 | 479 | 350 | 285 |
| Total current liabilities | 73.54 | 58.74 | 56.54 | 58.24 | 91.80 | 74.11 | 59.50 |
| Net working capital | 344 | 282 | 293 | 300 | 387 | 276 | 225 |
| Total assets | 1,307 | 1,232 | 1,219 | 1,188 | 979 | 758 | 600 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 22.54 | 99.96 | 28.35 | 22.89 | 0.38 | 0.23 | 0.21 |
| Net cash from operating activities | 52.81 | 79.57 | 65.57 | 138 | 78.89 | 151 | 172 |
| Net cash from investing activities | (105) | (103) | (36.70) | (156) | (122) | (154) | (51.26) |
| Net cash from financing activities | 30.64 | (54.11) | 42.75 | 23.68 | 65.27 | 3.35 | (120) |
| Net change in cash | (21.39) | (77.42) | 71.61 | 5.46 | 22.51 | 0.14 | 0.02 |
| Closing cash | 92.09 | 55.84 | 106 | 50.36 | 27.63 | 26.13 | 13.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -2.4% | +25.1% | -20.6% | -3.0% | +12.0% | -4.5% | - |
| EBITDA growth | -40.1% | +3576.1% | -103.4% | -42.2% | -26.7% | +24.5% | - |
| PBT growth | -86.2% | +9998.0% | - | +1.2% | -9.9% | +37.1% | +194.6% |
| Net income growth | -89.0% | +172.9% | -133.9% | +15.9% | -2.2% | +41.2% | - |
| Revenue CAGR (3Y) | -1.0% | -1.2% | -4.8% | +1.2% | +2.6% | +7.1% | +13.9% |
| EBITDA CAGR (3Y) | -10.6% | -11.7% | - | -19.2% | +17.0% | +53.2% | +64.1% |
| Profitability & leverage | |||||||
| Net income margin | +0.4% | +3.8% | -5.1% | +15.0% | +12.5% | +14.3% | +9.6% |
| Return on capital employed | +3.4% | +7.4% | -2.6% | +7.2% | +16.7% | +30.7% | +27.2% |
| Return on net worth | +0.5% | +4.7% | -6.8% | +23.0% | +24.3% | +30.7% | +27.5% |
| Debt / equity | 0.34 | 0.38 | 0.47 | 0.50 | 0.45 | 0.38 | 0.54 |
| Long-term debt / equity | 0.15 | 0.16 | 0.19 | 0.24 | 0.22 | 0.18 | 0.20 |
| Interest cover | 124.39 | 47.04 | -80.75 | 49.44 | 18.25 | 9.25 | 15.87 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.54 | 1.67 | 1.45 | 1.93 | 2.08 | 2.04 | 2.25 |
| Inventory turnover | 7.25 | 8.84 | 6.83 | 6.33 | 6.54 | 8.03 | 8.82 |
| Debtors turnover | 8.06 | 8.88 | 6.98 | 6.53 | 6.44 | 7.28 | 8.51 |
| EPS (βΉ) | 0.45 | 4.31 | (4.61) | 19.31 | 16.65 | 17.04 | 11.93 |
| Dividend per share (βΉ) | 0.25 | 0.00 | 0.00 | 0.50 | 3.30 | 3.40 | 2.50 |
| Book value per share (βΉ) | 94.25 | 91.90 | 87.94 | 92.86 | 75.36 | 61.95 | 48.94 |
Timeline of Ester Industries
3 dated milestones of Ester Industries across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Ester Industries is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by RadiciGroup.
Web traffic of Ester Industries
The website of Ester Industries (esterindustries.com) receives about 12.6K visits a month.
- Monthly visits12.6K
▼ 45.4% vs previous month
Websites whose visitors overlap most with Ester Industries. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bekaert.com | 100% | 127.2K | #353,811 | View details | |
| blueblends.com | 98% | View details |
Top companies in Polymers & Plastics
3 companies that operate in the same segment as Ester Industries (Polymers & Plastics) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Thin PET films are manufactured for industrial applications worldwide. | 1984 | Noida, Uttar Pradesh, India | USD 754.18 M | 1,022 | ||
Manufacturer of mattress and foam products | 1971 | Noida, Uttar Pradesh, India | USD 406.72 M | 4,620 | ||
Manufacturing of automotive components and white goods in India. | 1989 | Pune, Maharashtra, India |
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Frequently Asked Questions about Ester Industries
Ester Industries was founded in 1985.
Ester Industries is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ester Industries has 891 employees.
The primary company behind Ester Industries, Ester Industries Limited, reported revenue of βΉ1,393 Cr for FY 2026, up 7% year on year.
Ester Industries was founded in 1985 and is headquartered in Gurugram, India. Operations focus on the development and production of polyester films, engineered plastics, and specialty polymers within the chemicals and materials sector. These products are utilized in packaging, automotive, and electronics industries. The company is led by co-founder and chairman Arvind Singhania, with activities centered on innovation in polymer technologies across domestic and international markets.
Yes, Ester Industries is publicly traded on NSE under the ticker symbol ESTER.
Ester Industries has 1 investor. Key investors include RadiciGroup.
Ester Industries operates through Ester Industries Limited.
Yes. Ester Industries was acquired by RadiciGroup in May 2022.
The legal entities of Ester Industries currently have 9 directors, including Atul Aggarwal, Arvind Singhania, Padmaja Shailen Ruparel and others.

