Ester Industries Limited

BSE: 500136 NSE: ESTER
Ester Industries Limited - packaging in Na, Uttarakhand, India. FY 2026 financials and compliance.
CIN L24111UR1985PLC015063 Incorporated 04 February 1985 ROC Uttarakhand HQ Na, Uttarakhand, India
Active Listed - NSE: ESTER · BSE: 500136 Public Limited Company packaging
Data last updated
Revenue · FY 2026
₹1,375.19 Cr
▲ 7.26% YoY
EBITDA · FY 2026
₹112.07 Cr
▼ 31.7% YoY
Net profit · FY 2026
-₹27.47 Cr
▼ 300.54% YoY
Authorised capital
₹165.96 Cr
Registered with MCA
Paid-up capital
₹48.79 Cr
Issued & subscribed
Open charges
₹702.05 Cr
Satisfied ₹1,429.21 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
202
Latest available

About Ester Industries Limited

Data last updated: 23 December 2025

Ester Industries Limited is a public limited company based in Na, Uttarakhand, India, a subsidiary of Wilemina Finance Corp.. It specialises in packaging films and foils, a part of the broader packaging sector. Incorporated on 04 February 1985, the company has been in operation for over 41 years.

Registered with ROC Uttarakhand under CIN L24111UR1985PLC015063. Listed on BSE: 500136 and NSE: ESTER.

Capital: an authorised share capital of ₹165.96 Cr and a paid-up capital of ₹48.79 Cr. Formerly known as Ester India Limited. It is led by directors including Atul Aggarwal and Arvind Singhania.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Sohan Nagar P.O.Charubeta Khatima Distt.Udham Singh Nagar, Uttarakhand, India – 262308.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,299.04 Cr, a growth of 19% compared to the previous year.

The company has a workforce of approximately 202 employees as per the latest available data. It operates as a subsidiary of Wilemina Finance Corp.. Its group structure includes 1 subsidiary.

The company is associated with 1 brand - Ester Industries. As per MCA filings, the company has open charges of ₹702.05 Cr and satisfied charges of ₹1,429.21 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esterindustries.com.

Company Details of Ester Industries Limited
CIN L24111UR1985PLC015063
Registration Number 015063
Incorporation Date 04 February 1985
ROC Uttarakhand
Listing Status Listed (BSE: 500136, NSE: ESTER)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Wilemina Finance Corp.
Compliance Status Active Compliant
Key People
Arvind Singhania Managing Director Ayush Vardhan Singhania Whole-Time Director Pradeep Kumar Rustagi Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    esterindustries.com
  • Social Media
  • Registered Address
    Sohan Nagar P.O.Charubeta Khatima Distt.Udham Singh Nagar, Uttarakhand, India – 262308
  • Industry
    Packaging, Packaging Films & Foils
Company report
Ester Industries Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Ester Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Ester Industries Limited

Ester Industries Limited has one previous CIN (Corporate Identification Number): L24111UP1985PLC015063. The current CIN is L24111UR1985PLC015063, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L24111UR1985PLC015063 Current
L24111UP1985PLC015063 Previous

Associated Brands with Ester Industries Limited

Ester Industries Limited operates one associated brand: Ester Industries. These brands represent Ester Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Ester Industries
Polyester films, engineered plastics, and specialty polymers are developed. esterindustries.com

Business Activity of Ester Industries Limited

Ester Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C8 Plastic products, non-metallic mineral products, rubber products, fabricated metal products *********

Auditor Details of Ester Industries Limited

Ester Industries Limited is audited by Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Ester Industries Limited

Ester Industries Limited is currently managed by 8 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Atul Aggarwal
Also directs: Sterling Tools Limited, Delton Cables Limited, Sterling Advanced Electric Machines Private Limited and 3 more
Director 14 Feb 2024 2 Years 4 Months Current
Arvind Singhania
Also directs: Ester Loop Infinite Technologies Private Limited, Ester Filmtech Limited, Rekha Finance And Investment Private Limited and 3 more
Managing Director 01 Jul 1994 32 Years 0 Months Current
Padmaja Shailen Ruparel
Also directs: Manipal Technologies Limited, Manipal Business Solutions Private Limited, Manipal Payment And Identity Solutions Limited and 5 more
Director 01 Apr 2020 6 Years 3 Months Current
Abhay Anant Gupte
Also directs: Intellect Design Arena Limited, Manipal Technologies Limited, Manipal Energy & Infratech Limited and 3 more
Director 06 May 2025 1 Years 2 Months Current
Ayush Vardhan Singhania
Also directs: Ester Loop Infinite Technologies Private Limited, Ester Filmtech Limited, Pdj Properties And Investment Services Llp and 1 more
Whole-Time Director 01 Jun 2021 5 Years 1 Months Current
Pradeep Kumar Rustagi
Also directs: Ester Loop Infinite Technologies Private Limited, Ester Filmtech Limited, Rekha Finance And Investment Private Limited and 2 more
Whole-Time Director 14 Feb 2011 15 Years 4 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Ester Industries Limited FY 2026 filings available

Ester Industries Limited reported revenue of ₹1,375.19 Cr (up 7.26% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹1,375.19 Cr ▲ 7.26%
Profit · FY 2026
-₹27.47 Cr ▼ 300.54%
EBITDA · FY 2026
₹112.07 Cr ▼ 31.7%
Revenue₹ Cr · Consolidated05001,0001,500FY 2021: ₹992 Cr992FY 2021FY 2022: ₹1,406 Cr · +41.7% YoY1,406+41.7%FY 2022FY 2023: ₹1,114 Cr · -20.7% YoY1,114-20.7%FY 2023FY 2024: ₹1,063 Cr · -4.5% YoY1,063-4.5%FY 2024FY 2025: ₹1,282 Cr · +20.6% YoY1,282+20.6%FY 2025FY 2026: ₹1,375 Cr · +7.3% YoY1,375+7.3%FY 2026
Net Profit₹ Cr · Consolidated-150-100-50050100150FY 2021: ₹137 Cr137FY 2021FY 2022: ₹137 Cr · -0.6% YoY137-0.6%FY 2022FY 2023: ₹137 Cr · +0.1% YoY137+0.1%FY 2023FY 2024: ₹121 Cr (loss) · -188.4% YoY-121FY 2024FY 2025: ₹14 Cr · +111.3% YoY13.7+111.3%FY 2025FY 2026: ₹27 Cr (loss) · -300.5% YoY-27.5FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400Q1'25: ₹286 Cr · +11.1% YoY286+11.1%Q1'25Q2'25: ₹331 Cr · +26.7% YoY331+26.7%Q2'25Q3'25: ₹346 Cr · +29.1% YoY346+29.1%Q3'25Q4'25: ₹319 Cr · +15.4% YoY319+15.4%Q4'25Q1'26: ₹338 Cr · +18.2% YoY338+18.2%Q1'26Q2'26: ₹354 Cr · +7% YoY354+7%Q2'26Q3'26: ₹339 Cr · -1.9% YoY339-1.9%Q3'26Q4'26: ₹344 Cr · +7.7% YoY344+7.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
Revenue from Operations ₹1,375.19 Cr ₹1,282.14 Cr ₹1,063.45 Cr ₹1,114.14 Cr ₹1,405.66 Cr ₹991.76 Cr
Other Income ₹17.53 Cr ₹16.9 Cr ₹27.02 Cr ₹12.42 Cr ₹8.8 Cr ₹7.98 Cr
Total Income ₹1,392.72 Cr ₹1,299.04 Cr ₹1,090.46 Cr ₹1,126.55 Cr ₹1,414.46 Cr ₹999.74 Cr
Cost of Materials Consumed ₹903.33 Cr ₹792.45 Cr ₹761.11 Cr ₹716.96 Cr ₹914.83 Cr ₹517.12 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 -₹33.91 Cr ₹0
Changes in Inventories -₹19.47 Cr ₹2.49 Cr -₹6.27 Cr -₹3.38 Cr ₹0 -₹6.61 Cr
Employee Benefit Expense ₹82.96 Cr ₹71.15 Cr ₹63.68 Cr ₹54.57 Cr ₹67.41 Cr ₹68.17 Cr
Finance Costs ₹64.91 Cr ₹67.33 Cr ₹70.36 Cr ₹36.34 Cr ₹24.88 Cr ₹18.57 Cr
Depreciation & Amortisation ₹69.93 Cr ₹68.75 Cr ₹68.03 Cr ₹43.93 Cr ₹38.67 Cr ₹35.23 Cr
Other Expenses ₹313.84 Cr ₹268.86 Cr ₹268.56 Cr ₹254.22 Cr ₹216.38 Cr ₹181.86 Cr
Total Expenses ₹1,415.49 Cr ₹1,271.03 Cr ₹1,225.46 Cr ₹1,102.63 Cr ₹1,228.26 Cr ₹814.34 Cr
Profit Before Exceptional Items & Tax -₹22.77 Cr ₹28.01 Cr -₹135 Cr ₹23.93 Cr ₹186.2 Cr ₹185.39 Cr
Exceptional Items -₹1.51 Cr -₹20.41 Lakh ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹24.28 Cr ₹27.81 Cr -₹135 Cr ₹23.93 Cr ₹186.2 Cr ₹185.39 Cr
Total Tax Expense ₹3.19 Cr ₹14.11 Cr -₹13.95 Cr ₹12.24 Cr ₹49.49 Cr ₹47.9 Cr
Net Profit -₹27.47 Cr ₹13.7 Cr -₹121.05 Cr ₹136.9 Cr ₹136.71 Cr ₹137.49 Cr
  attributable to Owners ₹0 ₹0 - - - -
  attributable to NCI ₹0 ₹0 - - - -
Other Comprehensive Income ₹47.05 Lakh -₹3.61 Cr -₹76.42 Lakh ₹19.22 Lakh -₹13.07 Lakh -₹24.96 Lakh
Total Comprehensive Income -₹27 Cr ₹10.09 Cr -₹121.81 Cr ₹137.09 Cr ₹136.58 Cr ₹137.24 Cr
EBITDA (computed) ₹112.07 Cr ₹164.09 Cr ₹3.39 Cr ₹104.19 Cr ₹249.75 Cr ₹239.2 Cr
Basic EPS ₹-2.82 ₹1.46 ₹-14.49 ₹1.40 ₹16.39 ₹16.49
Diluted EPS ₹-2.82 ₹1.46 ₹-14.49 ₹1.40 ₹16.39 ₹16.49
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,673.86 Cr ₹1,572.91 Cr ₹1,643.06 Cr ₹1,714.54 Cr
Non-current Assets ₹1,067.56 Cr ₹1,067.63 Cr ₹1,099.71 Cr ₹1,107.95 Cr
Current Assets ₹606.3 Cr ₹505.28 Cr ₹543.35 Cr ₹606.59 Cr
Property, Plant & Equipment ₹978.08 Cr ₹976.84 Cr ₹987.98 Cr ₹977.38 Cr
Inventories ₹208.71 Cr ₹161.42 Cr ₹144.63 Cr ₹172.23 Cr
Trade Receivables ₹184.94 Cr ₹170.34 Cr ₹147.31 Cr ₹151.53 Cr
Cash & Equivalents ₹1.17 Cr ₹22.56 Cr ₹99.97 Cr ₹28.35 Cr
Equity (Net Worth) ₹782.73 Cr ₹772.52 Cr ₹717.54 Cr ₹743.43 Cr
Equity Share Capital ₹48.79 Cr ₹47.02 Cr ₹46.98 Cr ₹41.7 Cr
Borrowings (Non-current) ₹404.96 Cr ₹404.8 Cr ₹438.53 Cr ₹538.14 Cr
Borrowings (Current) ₹324.05 Cr ₹255.38 Cr ₹334 Cr ₹277.57 Cr
Total Debt (computed) ₹729.01 Cr ₹660.18 Cr ₹772.53 Cr ₹815.71 Cr
Current Liabilities ₹421.02 Cr ₹331.85 Cr ₹429.3 Cr ₹358.76 Cr
Total Liabilities ₹891.13 Cr ₹800.39 Cr ₹925.52 Cr ₹971.1 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹88.54 Cr ₹112.19 Cr ₹43.78 Cr ₹57.74 Cr ₹61.87 Cr
Investing Cash Flow -₹116.43 Cr -₹56.48 Cr ₹41.71 Cr -₹199.33 Cr -₹391.6 Cr
Financing Cash Flow ₹6.49 Cr -₹133.11 Cr -₹13.88 Cr ₹113.81 Cr ₹384.05 Cr
Capital Expenditure ₹61.44 Cr ₹31 Cr ₹73.46 Cr ₹256.59 Cr ₹413.77 Cr
Free Cash Flow (computed) ₹27.1 Cr ₹81.19 Cr -₹29.68 Cr -₹198.85 Cr -₹351.9 Cr
Dividends Paid ₹5.86 Cr ₹0 ₹4.17 Cr ₹15.84 Cr ₹27.52 Cr
Net Change in Cash -₹21.39 Cr ₹22.56 Cr ₹71.61 Cr -₹27.79 Cr ₹54.33 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹343.82 Cr ₹338.98 Cr ₹354.19 Cr ₹338.2 Cr ₹319.26 Cr ₹345.58 Cr ₹331.16 Cr ₹286.15 Cr ₹276.73 Cr ₹267.76 Cr ₹261.37 Cr ₹257.59 Cr
Other Income ₹1.31 Cr ₹4.53 Cr ₹3.05 Cr ₹8.65 Cr ₹2.66 Cr ₹5.41 Cr ₹2.62 Cr ₹6.21 Cr ₹3.22 Cr ₹4.62 Cr ₹9.78 Cr ₹9.4 Cr
Total Income ₹345.13 Cr ₹343.51 Cr ₹357.24 Cr ₹346.85 Cr ₹321.92 Cr ₹350.98 Cr ₹333.78 Cr ₹292.36 Cr ₹279.95 Cr ₹272.37 Cr ₹271.16 Cr ₹266.98 Cr
Cost of Materials Consumed ₹214.1 Cr ₹228.75 Cr ₹242.21 Cr ₹218.27 Cr ₹194.5 Cr ₹202.93 Cr ₹212.57 Cr ₹182.45 Cr ₹199.24 Cr ₹206.42 Cr ₹154.35 Cr ₹201.1 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹13.19 Cr -₹83.77 Lakh -₹82.65 Lakh -₹4.61 Cr ₹1.42 Cr ₹1.1 Cr -₹9.01 Cr ₹8.98 Cr -₹5.2 Cr -₹6.7 Cr ₹31.13 Cr -₹25.5 Cr
Employee Benefit Expense ₹22.72 Cr ₹22.41 Cr ₹19.52 Cr ₹18.31 Cr ₹17.99 Cr ₹19.03 Cr ₹17.09 Cr ₹17.04 Cr ₹16.07 Cr ₹16.97 Cr ₹16.15 Cr ₹14.49 Cr
Finance Costs ₹16.21 Cr ₹15.99 Cr ₹17.23 Cr ₹15.48 Cr ₹15.66 Cr ₹16.44 Cr ₹18.46 Cr ₹16.76 Cr ₹17.98 Cr ₹17.92 Cr ₹17.71 Cr ₹16.76 Cr
Depreciation & Amortisation ₹17.66 Cr ₹17.64 Cr ₹17.34 Cr ₹17.29 Cr ₹17.09 Cr ₹17.13 Cr ₹17.24 Cr ₹17.29 Cr ₹17.75 Cr ₹17.18 Cr ₹16.82 Cr ₹16.28 Cr
Other Expenses ₹77.91 Cr ₹71.93 Cr ₹78.27 Cr ₹85.73 Cr ₹68.69 Cr ₹62.99 Cr ₹70.7 Cr ₹66.49 Cr ₹60.64 Cr ₹70.57 Cr ₹69.96 Cr ₹67.39 Cr
Total Expenses ₹335.41 Cr ₹355.89 Cr ₹373.74 Cr ₹350.46 Cr ₹315.34 Cr ₹319.63 Cr ₹327.05 Cr ₹309.01 Cr ₹306.47 Cr ₹322.35 Cr ₹306.11 Cr ₹290.52 Cr
Profit Before Exceptional Items & Tax ₹9.72 Cr -₹12.38 Cr -₹16.5 Cr -₹3.61 Cr ₹6.58 Cr ₹31.35 Cr ₹6.74 Cr -₹16.66 Cr -₹26.52 Cr -₹49.98 Cr -₹34.96 Cr -₹23.54 Cr
Exceptional Items -₹28.28 Lakh -₹29.21 Lakh -₹73.53 Lakh -₹20.02 Lakh -₹20.41 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹9.44 Cr -₹12.68 Cr -₹17.23 Cr -₹3.81 Cr ₹6.37 Cr ₹31.35 Cr ₹6.74 Cr -₹16.66 Cr -₹26.52 Cr -₹49.98 Cr -₹34.96 Cr -₹23.54 Cr
Total Tax Expense ₹1.56 Cr -₹26.35 Lakh -₹1.45 Cr ₹3.35 Cr ₹4.41 Cr ₹6.54 Cr ₹3.72 Cr -₹55.92 Lakh -₹2.8 Cr -₹5.16 Cr -₹4.52 Cr -₹1.47 Cr
Net Profit ₹7.87 Cr -₹12.41 Cr -₹15.78 Cr -₹7.16 Cr ₹1.96 Cr ₹24.82 Cr ₹3.02 Cr -₹16.1 Cr -₹23.72 Cr -₹44.82 Cr -₹30.44 Cr -₹22.06 Cr
  attributable to Owners ₹0 ₹0 ₹0 ₹0 ₹0 - ₹0 - - - - -
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 - ₹0 - - - - -
Other Comprehensive Income ₹42.54 Lakh ₹38.47 Lakh ₹11.17 Lakh -₹45.13 Lakh -₹26.41 Lakh ₹1.52 Cr -₹4.82 Cr -₹4.42 Lakh -₹58.61 Lakh -₹5.97 Lakh -₹5.87 Lakh -₹5.97 Lakh
Total Comprehensive Income ₹8.3 Cr -₹12.03 Cr -₹15.67 Cr -₹7.61 Cr ₹1.7 Cr ₹26.34 Cr -₹1.81 Cr -₹16.14 Cr -₹24.31 Cr -₹44.88 Cr -₹30.5 Cr -₹22.12 Cr
EBITDA (computed) ₹43.59 Cr ₹21.25 Cr ₹18.07 Cr ₹29.16 Cr ₹39.32 Cr ₹64.93 Cr ₹42.44 Cr ₹17.39 Cr ₹9.2 Cr -₹14.88 Cr -₹43.49 Lakh ₹9.5 Cr
Basic EPS ₹0.81 ₹-1.27 ₹-1.62 ₹-0.74 ₹0.21 ₹2.64 ₹0.32 ₹-1.71 ₹-2.83 ₹-5.37 ₹-3.65 ₹-2.65
Diluted EPS ₹0.81 ₹-1.27 ₹-1.62 ₹-0.74 ₹0.21 ₹2.64 ₹0.32 ₹-1.71 ₹-2.83 ₹-5.37 ₹-3.65 ₹-2.65
Latest 12 quarters shown of 23 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Polyester chips and film ₹321.2 Cr ₹41.66 Cr ₹1,238.85 Cr ₹514.24 Cr
Speciality polymers ₹22.62 Cr ₹6.24 Cr ₹113.42 Cr ₹2.46 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Polyester chips and film ₹1,195.89 Cr ₹47.23 Cr - -
Speciality polymers ₹179.3 Cr ₹58.65 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,045.13 Cr ₹1,070.46 Cr ₹855.39 Cr ₹1,077.48 Cr ₹1,405.66 Cr ₹991.76 Cr ₹1,038.7 Cr
Other Income ₹14.44 Cr ₹14.47 Cr ₹26.27 Cr ₹17.22 Cr ₹8.8 Cr ₹7.98 Cr ₹8.89 Cr
Total Income ₹1,059.57 Cr ₹1,084.93 Cr ₹881.66 Cr ₹1,094.69 Cr ₹1,414.46 Cr ₹999.74 Cr ₹1,047.6 Cr
Cost of Materials Consumed ₹704.22 Cr ₹690.13 Cr ₹605.03 Cr ₹666.71 Cr ₹914.83 Cr ₹517.12 Cr ₹613.53 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹11 Cr -₹2.7 Cr -₹10.15 Cr ₹18.11 Cr -₹33.91 Cr -₹6.61 Cr ₹9.7 Cr
Employee Benefit Expense ₹70.53 Cr ₹60.49 Cr ₹54.8 Cr ₹51.39 Cr ₹66.81 Cr ₹68.09 Cr ₹54.05 Cr
Finance Costs ₹35.09 Cr ₹35.68 Cr ₹37.33 Cr ₹30.16 Cr ₹24.86 Cr ₹18.55 Cr ₹24.46 Cr
Depreciation & Amortisation ₹43.23 Cr ₹43.38 Cr ₹42.8 Cr ₹39.02 Cr ₹38.56 Cr ₹35.22 Cr ₹35.28 Cr
Other Expenses ₹209.94 Cr ₹203.31 Cr ₹209.14 Cr ₹241.25 Cr ₹214.96 Cr ₹177.38 Cr ₹172.01 Cr
Total Expenses ₹1,052 Cr ₹1,030.29 Cr ₹938.94 Cr ₹1,046.62 Cr ₹1,226.11 Cr ₹809.76 Cr ₹909.03 Cr
Profit Before Exceptional Items & Tax ₹7.56 Cr ₹54.64 Cr -₹57.29 Cr ₹48.07 Cr ₹188.35 Cr ₹189.98 Cr ₹138.57 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹7.56 Cr ₹54.64 Cr -₹57.29 Cr ₹48.07 Cr ₹188.35 Cr ₹189.98 Cr ₹138.57 Cr
Total Tax Expense ₹3.19 Cr ₹14.11 Cr -₹13.95 Cr ₹12.24 Cr ₹49.49 Cr ₹47.9 Cr ₹39.07 Cr
Net Profit ₹4.37 Cr ₹40.53 Cr -₹43.33 Cr ₹161.04 Cr ₹138.86 Cr ₹142.08 Cr ₹99.5 Cr
Other Comprehensive Income ₹44.38 Lakh -₹3.65 Cr -₹76.55 Lakh ₹27.07 Lakh -₹10.97 Lakh -₹24.96 Lakh -₹75.52 Lakh
Total Comprehensive Income ₹4.82 Cr ₹36.88 Cr -₹44.1 Cr ₹161.32 Cr ₹138.75 Cr ₹141.83 Cr ₹98.74 Cr
EBITDA (computed) ₹85.88 Cr ₹133.7 Cr ₹22.84 Cr ₹117.24 Cr ₹251.77 Cr ₹243.75 Cr ₹198.3 Cr
Basic EPS ₹0.45 ₹4.31 ₹-5.19 ₹4.30 ₹16.65 ₹17.04 ₹11.93
Diluted EPS ₹0.45 ₹4.31 ₹-5.19 ₹4.30 ₹16.65 ₹17.04 ₹11.93
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,404.54 Cr ₹1,315.7 Cr ₹1,291.7 Cr ₹1,276.23 Cr
Non-current Assets ₹932.71 Cr ₹917.38 Cr ₹872.41 Cr ₹763.73 Cr
Current Assets ₹471.83 Cr ₹398.32 Cr ₹419.29 Cr ₹512.5 Cr
Property, Plant & Equipment ₹387.75 Cr ₹406.31 Cr ₹396.21 Cr ₹370.66 Cr
Inventories ₹159.07 Cr ₹129.31 Cr ₹112.8 Cr ₹137.7 Cr
Trade Receivables ₹126.35 Cr ₹132.96 Cr ₹108.23 Cr ₹136.72 Cr
Cash & Equivalents ₹1.15 Cr ₹22.54 Cr ₹99.96 Cr ₹28.35 Cr
Equity (Net Worth) ₹949.51 Cr ₹908.01 Cr ₹826.23 Cr ₹774.41 Cr
Equity Share Capital ₹48.79 Cr ₹47.02 Cr ₹46.98 Cr ₹41.7 Cr
Borrowings (Non-current) ₹138.49 Cr ₹144.12 Cr ₹130.13 Cr ₹174.53 Cr
Borrowings (Current) ₹195.54 Cr ₹156.2 Cr ₹236.78 Cr ₹211.34 Cr
Total Debt (computed) ₹334.03 Cr ₹300.32 Cr ₹366.9 Cr ₹385.87 Cr
Current Liabilities ₹269.08 Cr ₹214.94 Cr ₹293.31 Cr ₹269.58 Cr
Total Liabilities ₹455.03 Cr ₹407.7 Cr ₹465.47 Cr ₹501.82 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹52.81 Cr ₹79.57 Cr ₹65.57 Cr ₹137.86 Cr ₹78.89 Cr
Investing Cash Flow -₹104.85 Cr -₹102.88 Cr -₹36.7 Cr -₹156.07 Cr -₹121.65 Cr
Financing Cash Flow ₹30.64 Cr -₹54.11 Cr ₹42.75 Cr ₹23.68 Cr ₹65.27 Cr
Capital Expenditure ₹19.19 Cr ₹15.95 Cr ₹56.92 Cr ₹126.94 Cr ₹60.94 Cr
Free Cash Flow (computed) ₹33.62 Cr ₹63.63 Cr ₹8.65 Cr ₹10.91 Cr ₹17.95 Cr
Dividends Paid ₹5.86 Cr ₹0 ₹4.17 Cr ₹15.84 Cr ₹27.52 Cr
Net Change in Cash -₹21.39 Cr -₹77.42 Cr ₹71.61 Cr ₹5.46 Cr ₹22.51 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹256.06 Cr ₹250.06 Cr ₹260 Cr ₹279.01 Cr ₹258.03 Cr ₹274.72 Cr ₹298.08 Cr ₹239.63 Cr ₹215.85 Cr ₹203.84 Cr ₹237.59 Cr ₹198.11 Cr
Other Income ₹1.21 Cr ₹3.96 Cr ₹3.3 Cr ₹5.97 Cr ₹3.34 Cr ₹2.63 Cr ₹4.36 Cr ₹4.14 Cr ₹4.41 Cr ₹7.1 Cr ₹6.39 Cr ₹8.37 Cr
Total Income ₹257.27 Cr ₹254.02 Cr ₹263.31 Cr ₹284.97 Cr ₹261.37 Cr ₹277.34 Cr ₹302.45 Cr ₹243.77 Cr ₹220.26 Cr ₹210.94 Cr ₹243.98 Cr ₹206.47 Cr
Cost of Materials Consumed ₹169.02 Cr ₹169.46 Cr ₹184.72 Cr ₹181.02 Cr ₹154.07 Cr ₹167.69 Cr ₹209 Cr ₹159.37 Cr ₹148.83 Cr ₹156.41 Cr ₹145.48 Cr ₹154.31 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹8.38 Cr -₹7 Lakh -₹5.34 Cr ₹2.8 Cr ₹7.44 Cr -₹3.06 Cr -₹8.64 Cr ₹1.56 Cr -₹25.24 Lakh -₹8.82 Cr ₹25.99 Cr -₹27.07 Cr
Employee Benefit Expense ₹19.52 Cr ₹19.12 Cr ₹16.49 Cr ₹15.4 Cr ₹15.27 Cr ₹16.41 Cr ₹14.51 Cr ₹14.3 Cr ₹13.79 Cr ₹14.56 Cr ₹13.98 Cr ₹12.48 Cr
Finance Costs ₹8.9 Cr ₹8.61 Cr ₹9.52 Cr ₹8.06 Cr ₹8.67 Cr ₹8.39 Cr ₹10.09 Cr ₹8.53 Cr ₹9.31 Cr ₹9.23 Cr ₹9.56 Cr ₹9.23 Cr
Depreciation & Amortisation ₹10.67 Cr ₹10.88 Cr ₹10.78 Cr ₹10.9 Cr ₹10.76 Cr ₹10.74 Cr ₹10.88 Cr ₹11 Cr ₹11.45 Cr ₹10.87 Cr ₹10.45 Cr ₹10.03 Cr
Other Expenses ₹51.55 Cr ₹51.17 Cr ₹53.41 Cr ₹53.82 Cr ₹48.43 Cr ₹52.02 Cr ₹51.24 Cr ₹51.62 Cr ₹49.09 Cr ₹49.99 Cr ₹55.82 Cr ₹54.25 Cr
Total Expenses ₹251.27 Cr ₹259.17 Cr ₹269.57 Cr ₹271.99 Cr ₹244.63 Cr ₹252.2 Cr ₹287.09 Cr ₹246.37 Cr ₹232.22 Cr ₹232.24 Cr ₹261.26 Cr ₹213.22 Cr
Profit Before Exceptional Items & Tax ₹6 Cr -₹5.15 Cr -₹6.27 Cr ₹12.98 Cr ₹16.74 Cr ₹25.15 Cr ₹15.35 Cr -₹2.6 Cr -₹11.96 Cr -₹21.3 Cr -₹17.28 Cr -₹6.75 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹6 Cr -₹5.15 Cr -₹6.27 Cr ₹12.98 Cr ₹16.74 Cr ₹25.15 Cr ₹15.35 Cr -₹2.6 Cr -₹11.96 Cr -₹21.3 Cr -₹17.28 Cr -₹6.75 Cr
Total Tax Expense ₹1.56 Cr -₹26.35 Lakh -₹1.45 Cr ₹3.35 Cr ₹4.41 Cr ₹6.54 Cr ₹3.72 Cr -₹55.92 Lakh -₹2.8 Cr -₹5.16 Cr -₹4.52 Cr -₹1.47 Cr
Net Profit ₹4.44 Cr -₹4.89 Cr -₹4.81 Cr ₹9.64 Cr ₹12.33 Cr ₹18.61 Cr ₹11.64 Cr -₹2.04 Cr -₹9.16 Cr -₹16.13 Cr -₹12.76 Cr -₹5.28 Cr
Other Comprehensive Income ₹36.17 Lakh ₹40.89 Lakh ₹8.39 Lakh -₹41.07 Lakh -₹32.67 Lakh ₹1.5 Cr -₹4.79 Cr -₹3.92 Lakh -₹72.37 Lakh -₹1.42 Lakh -₹1.33 Lakh -₹1.43 Lakh
Total Comprehensive Income ₹4.8 Cr -₹4.48 Cr -₹4.73 Cr ₹9.23 Cr ₹12 Cr ₹20.11 Cr ₹6.85 Cr -₹2.08 Cr -₹9.89 Cr -₹16.15 Cr -₹12.78 Cr -₹5.29 Cr
EBITDA (computed) ₹25.56 Cr ₹14.34 Cr ₹14.03 Cr ₹31.94 Cr ₹36.16 Cr ₹44.28 Cr ₹36.33 Cr ₹16.92 Cr ₹8.8 Cr -₹1.19 Cr ₹2.73 Cr ₹12.51 Cr
Basic EPS ₹0.45 ₹-0.50 ₹-0.50 ₹1.00 ₹1.31 ₹1.98 ₹1.24 ₹-0.22 ₹-1.09 ₹-1.93 ₹-1.53 ₹-0.63
Diluted EPS ₹0.45 ₹-0.50 ₹-0.50 ₹1.00 ₹1.31 ₹1.98 ₹1.24 ₹-0.22 ₹-1.09 ₹-1.93 ₹-1.53 ₹-0.63
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Polyester chips and film ₹231.32 Cr ₹30.73 Cr ₹500.62 Cr ₹78.13 Cr
Speciality polymers ₹24.73 Cr ₹6.24 Cr ₹113.42 Cr ₹2.46 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Polyester chips and film ₹859.16 Cr ₹50.53 Cr - -
Speciality polymers ₹185.97 Cr ₹58.95 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Ester Industries Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Ester Industries Limited

As per the shareholding pattern filed with NSE for the quarter ended May 2026, promoters hold 62.32%, foreign institutional investors hold 0.03%, domestic institutional investors hold 0.16%, retail and other public shareholders hold 37.49% of Ester Industries Limited. The company had 36,623 shareholders on record.

Promoters: 62.32%DII (Domestic Institutional): 0.16%FII (Foreign Institutional): 0.03%Retail & Others: 37.49%
May 2026
QUARTER
62.32% Promoters
0.16% DII (Domestic Institutional)
0.03% FII (Foreign Institutional)
37.49% Retail & Others
Promoter holding - history
Now 62.32% · May 2026High 64.04% · Dec 2020Low 54.22% · Dec 2015
53%56.3%59.5%62.8%66%Dec 2015Jun 2018Dec 2020Jun 2023Sep 2025Dec 2015: 54.22%Mar 2016: 54.22%Jun 2016: 54.22%Sep 2016: 54.22%Dec 2016: 59.14%Mar 2017: 59.14%Jun 2017: 59.14%Sep 2017: 59.14%Dec 2017: 59.14%Mar 2018: 59.14%Jun 2018: 59.14%Sep 2018: 59.14%Dec 2018: 59.14%Mar 2019: 59.14%Jun 2019: 59.14%Sep 2019: 59.14%Dec 2019: 59.14%Mar 2020: 59.14%Jun 2020: 59.14%Sep 2020: 61.45%Dec 2020: 64.04%Mar 2021: 64.04%Jun 2021: 64.04%Sep 2021: 64.04%Dec 2021: 64.04%Mar 2022: 64.04%Jun 2022: 64.04%Sep 2022: 64.04%Dec 2022: 64.04%Mar 2023: 64.04%Jun 2023: 64.04%Sep 2023: 64.04%Dec 2023: 64.04%Mar 2024: 62.46%Jun 2024: 62.46%Sep 2024: 62.40%Dec 2024: 62.40%Mar 2025: 62.40%Apr 2025: 62.73%Jun 2025: 62.73%Sep 2025: 62.73%Dec 2025: 62.71%Mar 2026: 62.71%May 2026: 62.32%64.04%54.22%62.32%
Shareholding trend - last 6 quarters
May 2026Mar 2026Dec 2025Sep 2025Jun 2025Apr 2025
Promoters62.32%62.71%62.71%62.73%62.73%62.73%
Public37.68%37.29%37.29%37.27%37.27%37.27%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters62.71%62.40%62.46%64.04%64.04%64.04%59.14%59.14%59.14%59.14%54.22%
Public37.29%37.60%37.54%35.96%35.96%35.96%40.86%40.86%40.86%40.86%45.78%
Promoter change (YoY, %pts)+0.31-0.06-1.58+0.00+0.00+4.90+0.00+0.00+0.00+4.92-

Board & Governance of Ester Industries Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ester Industries Limited has 6 directors - 3 independent and 2 executive. The board is chaired by Arvind Singhania.

DirectorPositionOn board sinceListed boards
Arvind Singhania Non-Executive - Non Independent Director · Chairperson 1994-07-01 1
Ayush Vardhan Singhania Executive Director 2021-06-01 1
Pradeep Kumar Rustagi Executive Director 2011-02-14 1
Abhay Anant Gupte Non-Executive - Independent Director 2025-05-06 2
Padmaja Shailen Ruparel Non-Executive - Independent Director 2020-04-01 1
Atul Aggarwal Non-Executive - Independent Director 2024-02-14 3
Board Committees
CommitteeMembers
Audit Committee Padmaja Shailen Ruparel (Chairperson), Abhay Anant Gupte, Atul Aggarwal
Nomination and remuneration committee Padmaja Shailen Ruparel (Chairperson), Atul Aggarwal, Arvind Singhania, Abhay Anant Gupte
Stakeholders Relationship Committee Padmaja Shailen Ruparel (Chairperson), Arvind Singhania, Pradeep Kumar Rustagi
Risk Management Committee Arvind Singhania (Chairperson), Atul Aggarwal, Pradeep Kumar Rustagi, Vaibhav Jha, Ayush Vardhan Singhania
Corporate Social Responsibility Committee Arvind Singhania (Chairperson), Atul Aggarwal, Ayush Vardhan Singhania

Group Structure of Ester Industries Limited

Ester Industries Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Ester Industries Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Ester Filmtech Limited U36900HR2020PLC087741 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Ester Industries Limited

Open charges
₹702.05 Cr
Satisfied charges
₹1,429.21 Cr
Breakdown by lending institutions
Bank of India₹361.71 Cr
Others₹270.78 Cr
Tata Capital Financial Services Limited₹60.00 Cr
Hdfc Bank Limited₹5.30 Cr
Yes Bank Limited₹3.63 Cr
Others₹0.64 Cr
Latest charge details
DateLenderAmountStatus
10 Oct 2025 Hdfc Bank Limited ₹11.5 Lakh Open
31 Jul 2025 Others ₹35 Cr Open
19 Jul 2025 Hdfc Bank Limited ₹19.65 Lakh Open
19 Jul 2025 Hdfc Bank Limited ₹10 Lakh Open
21 Apr 2025 Hdfc Bank Limited ₹10 Lakh Open

Total charge records: 196 View all charges

Employees and EPFO Compliance at Ester Industries Limited

Ester Industries Limited has a workforce of 202 employees as of Apr 09, 2024.

Employee count
202
Active EPFO establishments
1
Employee growth
0.5%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Ester Industries Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Ester Industries Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Ester Industries Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Ester Industries Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Ester Industries Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Ester Industries Limited

MSME Payment Delays by Ester Industries Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Ester Industries Limited

Subsidiaries & Group Companies of Ester Industries Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Ester Industries Limited

MCA Filings & Documents of Ester Industries Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Ester Industries Limited

Charges
10 Oct 2025
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101176886 was registered on 10 Oct 2025.
Activity
26 Sep 2025
Ester Industries Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
29 Aug 2025
A charge registered on 16 May 2023 via Charge ID 100727383 with Yes Bank Limited was fully satisfied on 29 Aug 2025.
Charges
29 Aug 2025
A charge registered on 10 Feb 2020 via Charge ID 100327705 with Yes Bank Limited was fully satisfied on 29 Aug 2025.
Charges
19 Aug 2025
A charge with Others of Rs. 20.00 Cr registered on 18 Jun 2024 with Charge ID 100944937 was modified on 19 Aug 2025.
Charges
31 Jul 2025
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101140609 was registered on 31 Jul 2025.

Recent News on Ester Industries Limited

Frequently Asked Questions about Ester Industries Limited

Ester Industries Limited is an active public limited company in the packaging sector based in Na, Uttarakhand, India. It was incorporated on 04 February 1985 (41+ years old) and is registered under CIN L24111UR1985PLC015063. Listed on BSE: 500136 and NSE: ESTER. The company has 202 employees.

Ester Industries Limited reported revenue of ₹1,299.04 Cr for FY 2025 (up 19.00% YoY).

The current directors of Ester Industries Limited are:

The primary industry of Ester Industries Limited is packaging. The company specifically operates in packaging films and foils. The company is currently active in this sector.

Yes. Ester Industries Limited is listed on both BSE (code: 500136) and NSE (symbol: ESTER).

Ester Industries Limited can be reached at the registered office: Sohan Nagar P.O.Charubeta Khatima Distt.Udham Singh Nagar, Uttarakhand, India – 262308, or through the website esterindustries.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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