Income Statement Paramount Speciality Forgings Limited

Stocks

PSFL

INE0Q6001012

Iron & Steel

Market Closed - NSE India S.E. Other stock markets 07:05:09 2026-07-30 EDT			5-day change	1st Jan Change
31.10 ^INR	-.--%		+0.32%	+7.80%

05-28	Paramount Speciality Forgings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
11-12	Paramount Speciality Forgings Limited Reports Earnings Results for the Half Year Ended September 30, 2025	CI

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Published financial data: PARAMOUNT SPECIALITY FORGINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	516M	876M	1.1B	1.13B	1.1B
Other Revenues, Total	-1K	-	-	-	-
Total Revenues	516M	876M	1.1B	1.13B	1.1B
Cost of Goods Sold, Total	280M	610M	758M	700M	679M
Gross Profit	237M	266M	346M	428M	421M
Selling General & Admin Expenses, Total	42.99M	52.98M	62.91M	72.96M	78.69M
Provision for Bad Debts	2.8M	3.74M	895K	56K	-
Depreciation & Amortization - (IS)	46.78M	30.43M	26.15M	20.23M	14.26M
Other Operating Expenses	130M	174M	224M	217M	257M
Other Operating Expenses, Total	223M	261M	314M	311M	350M
Operating Income	14.07M	5.23M	32.24M	117M	70.87M
Interest Expense, Total	-21.56M	-13.04M	-14.32M	-15.34M	-19.36M
Interest And Investment Income	985K	759K	648K	1.06M	5.83M
Net Interest Expenses	-20.58M	-12.28M	-13.68M	-14.28M	-13.52M
Currency Exchange Gains (Loss)	699K	2.71M	4.05M	1.45M	2.9M
Other Non Operating Income (Expenses)	334K	222K	13.19M	-3.57M	-1.55M
EBT, Excl. Unusual Items	-5.48M	-4.11M	35.81M	101M	58.7M
Gain (Loss) On Sale Of Assets	-	42.44M	-	-242K	-
EBT, Incl. Unusual Items	-5.48M	38.33M	35.81M	101M	58.7M
Income Tax Expense	-2.74M	6.98M	8.22M	28.06M	14.04M
Earnings From Continuing Operations	-2.74M	31.34M	27.58M	72.54M	44.66M
Net Income to Company	-2.74M	31.34M	27.58M	72.54M	44.66M
Net Income - (IS)	-2.74M	31.34M	27.58M	72.54M	44.66M
Net Income to Common Incl Extra Items	-2.74M	31.34M	27.58M	72.54M	44.66M
Net Income to Common Excl. Extra Items	-2.74M	31.34M	27.58M	72.54M	44.66M
Per Share Items
Net EPS - Basic	-0.18	2.11	1.85	4.87	2.57
Basic EPS - Continuing Operations	-0.18	2.11	1.85	4.87	2.57
Basic Weighted Average Shares Outstanding	14.88M	14.88M	14.88M	14.88M	17.35M
Net EPS - Diluted	-0.18	2.11	1.85	4.87	2.57
Diluted EPS - Continuing Operations	-0.18	2.11	1.85	4.87	2.57
Diluted Weighted Average Shares Outstanding	14.88M	14.88M	14.88M	14.88M	17.35M
Normalized Basic EPS	-0.23	-0.17	1.5	4.24	2.11
Normalized Diluted EPS	-0.23	-0.17	1.5	4.24	2.11
Supplemental Items
EBITDA	60.45M	35.4M	58.18M	137M	84.68M
EBITA	14.07M	5.23M	32.24M	117M	70.87M
EBIT	14.07M	5.23M	32.24M	117M	70.87M
EBITDAR	-	-	-	137M	84.87M
Total Revenues (As Reported)	519M	924M	1.12B	1.14B	1.11B
Effective Tax Rate - (Ratio)	50.07	18.22	22.97	27.89	23.92
Total Current Taxes	5.84M	10.17M	9.17M	30.9M	16.99M
Total Deferred Taxes	-8.59M	-3.19M	-1.9M	-2.84M	356K
Normalized Net Income	-3.42M	-2.57M	22.38M	63.02M	36.69M
Interest on Long-Term Debt	-	-	-	333K	278K
Non-Cash Pension Expense	-62K	910K	825K	950K	2.33M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	181K	181K
Imputed Operating Lease Interest Expense	-	-	-	98.28K	104K
Imputed Operating Lease Depreciation	-	-	-	82.72K	77.4K
Maintenance & Repair Expenses, Total	-	-	-	9.33M	7.06M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.47M	13.29M	10.64M	3.08M	201M
Short Term Investments	500K	500K	500K	500K	500K
Total Cash And Short Term Investments	4.97M	13.79M	11.14M	3.58M	202M
Accounts Receivable, Total	86.1M	127M	172M	163M	206M
Other Receivables	7.12M	5.91M	1.48M	1.24M	9.98M
Notes Receivable	1.54M	2.31M	3.01M	3.69M	1.22M
Total Receivables	94.76M	135M	177M	168M	217M
Inventory	170M	176M	294M	385M	463M
Prepaid Expenses	1.88M	1.33M	31K	48K	46K
Other Current Assets, Total	55.84M	73.5M	113M	141M	123M
Total Current Assets	327M	399M	595M	698M	1B
Gross Property Plant And Equipment	458M	466M	476M	479M	525M
Accumulated Depreciation	-320M	-342M	-368M	-388M	-388M
Net Property Plant And Equipment	137M	124M	109M	91.87M	137M
Long-term Investments	9K	9.76M	3.18M	2.49M	624K
Other Intangibles, Total	325K	120K	233K	864K	1.29M
Deferred Tax Assets Long-Term	963K	4.15M	6.05M	8.88M	5.01M
Other Long-Term Assets, Total	22.31M	7.58M	8.72M	15.76M	16.41M
Total Assets	488M	545M	722M	818M	1.16B
Liabilities
Accounts Payable, Total	135M	177M	322M	276M	309M
Accrued Expenses, Total	9.21M	35.06M	14.37M	15.07M	24.67M
Short-term Borrowings	102M	89.75M	182M	241M	289M
Current Portion of Long-Term Debt	35.4M	10.24M	13.32M	5.43M	548K
Current Portion of Leases	139K	-	-	-	-
Current Income Taxes Payable	6.31M	5.48M	-	30.9M	5.93M
Other Current Liabilities	10.18M	9.95M	22.74M	11.56M	10.3M
Total Current Liabilities	298M	327M	554M	581M	640M
Long-Term Debt	21.81M	17.7M	7.07M	2.55M	2M
Pension & Other Post Retirement Benefits	2.51M	3.19M	4.28M	5.68M	3.25M
Other Non Current Liabilities	-	1K	-	1K	-
Total Liabilities	322M	348M	566M	589M	645M
Common Stock, Total	100K	100K	100K	149M	197M
Retained Earnings	166M	197M	157M	80.35M	323M
Total Common Equity	166M	197M	157M	229M	520M
Total Equity	166M	197M	157M	229M	520M
Total Liabilities And Equity	488M	545M	722M	818M	1.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.88M	14.88M	14.88M	14.88M	19.68M
ECS Total Common Shares Outstanding	14.88M	14.88M	14.88M	14.88M	19.68M
Book Value / Share	11.14	13.24	10.53	15.4	26.41
Tangible Book Value	165M	197M	156M	228M	519M
Tangible Book Value Per Share	11.12	13.23	10.51	15.34	26.35
Total Debt	159M	118M	203M	249M	292M
Net Debt	154M	104M	192M	246M	90.11M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.98M	5.1M	6.47M	8.62M	10.94M
Debt Equivalent Oper. Leases	-	-	-	1.45M	1.45M
Account Code - Inventory Valuation	-	-	3	3	5
Inventories - Raw Materials, Total	90.11M	96.57M	136M	177M	186M
Inventories - Work In Process, Total	40.55M	33.76M	96.16M	126M	155M
Inventories - Finished Goods, Total	39.04M	45.48M	62.14M	82.15M	122M
Land - (BS)	10.3M	5.31M	5.31M	5.31M	5.31M
Buildings, Total	103M	108M	113M	113M	115M
Machinery, Total	343M	349M	359M	361M	392M
Full Time Employees	-	-	-	-	150
Accumulated Allowance for Doubtful Accounts (Supple)	2.36M	938K	56K	691K	691K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-2.74M	31.34M	27.58M	72.54M	44.66M
Depreciation & Amortization - CF	46.38M	30.17M	25.95M	19.86M	13.81M
Amortization of Goodwill and Intangible Assets - (CF)	1K	-	-	-	-
Depreciation & Amortization, Total	46.38M	30.17M	25.95M	19.86M	13.81M
Amortization of Deferred Charges, Total - (CF)	400K	257K	201K	375K	448K
(Gain) Loss From Sale Of Asset	44K	-42.44M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-48K	-	-	-	-
Provision and Write-off of Bad Debts	1.66M	2.32M	14K	-635K	-
Other Operating Activities, Total	13.69M	5.6M	5.72M	27.26M	-2.73M
Change In Accounts Receivable	44.8M	-40.05M	-43.45M	8.6M	-
Change In Inventories	-50.04M	-6.11M	-118M	-91.2M	-77.35M
Change In Accounts Payable	-46.78M	41.47M	142M	-45.34M	-9.78M
Change in Other Net Operating Assets	1.12M	17.55M	-43.34M	-16.63M	2.29M
Cash from Operations	8.49M	40.12M	-4.08M	-25.17M	-28.65M
Capital Expenditure	-4.89M	-21.86M	-10.82M	-3.49M	-47.11M
Sale of Property, Plant, and Equipment	-	47.12M	-	-	-
Investment in Marketable and Equity Securities, Total	1.05M	-	-	-	-55.32M
Other Investing Activities, Total	951K	135K	1.63M	1.06M	4.44M
Cash from Investing	-2.89M	25.4M	-9.19M	-2.43M	-97.99M
Long-Term Debt Issued, Total	4.93M	-	17.05M	46.52M	42.52M
Total Debt Issued	4.93M	-	17.05M	46.52M	42.52M
Long-Term Debt Repaid, Total	-	-41.17M	-	-	-
Total Debt Repaid	-	-41.17M	-	-	-
Issuance of Common Stock	-	-	-	-	246M
Other Financing Activities, Total	-22.31M	-13.09M	-14.35M	-20.32M	-20.49M
Cash from Financing	-17.38M	-54.26M	2.71M	26.19M	268M
Miscellaneous Cash Flow Adjustments	1K	-1K	-	-	-
Net Change in Cash	-11.78M	11.26M	-10.56M	-1.41M	141M
Supplemental Items
Cash Interest Paid	22.31M	13.09M	14.35M	20.32M	20.49M
Cash Income Tax Paid (Refund)	6.73M	11M	15.52M	14.5M	31.64M
Levered Free Cash Flow	-	6.74M	-40.72M	-54.73M	-93.21M
Unlevered Free Cash Flow	-	14.89M	-31.77M	-45.14M	-81.11M
Change In Net Working Capital	-	-3.05M	67.24M	135M	92.55M
Net Debt Issued / Repaid	4.93M	-41.17M	17.05M	46.52M	42.52M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-	0.63	3.18	9.51	4.49
Return on Total Capital	-	1.02	5.98	17.49	6.86
Return On Equity %	-	17.28	15.6	37.61	11.92
Return on Common Equity	-	17.28	15.6	37.61	11.92
Margin Analysis
Gross Profit Margin %	45.84	30.39	31.35	37.95	38.27
SG&A Margin	8.33	6.05	5.7	6.47	7.16
EBITDA Margin %	11.71	4.04	5.27	12.16	7.7
EBITA Margin %	2.72	0.6	2.92	10.4	6.45
EBIT Margin %	2.72	0.6	2.92	10.4	6.45
Income From Continuing Operations Margin %	-0.53	3.58	2.5	6.43	4.06
Net Income Margin %	-0.53	3.58	2.5	6.43	4.06
Net Avail. For Common Margin %	-0.53	3.58	2.5	6.43	4.06
Normalized Net Income Margin	-0.66	-0.29	2.03	5.59	3.34
Levered Free Cash Flow Margin	-	0.77	-3.69	-4.85	-8.48
Unlevered Free Cash Flow Margin	-	1.7	-2.88	-4	-7.38
Asset Turnover
Asset Turnover	-	1.7	1.74	1.46	1.11
Fixed Assets Turnover	-	6.7	9.47	11.24	9.11
Receivables Turnover (Average Receivables)	-	8.24	7.39	6.72	5.95
Inventory Turnover (Average Inventory)	-	3.53	3.22	2.06	1.6
Short Term Liquidity
Current Ratio	1.1	1.22	1.07	1.2	1.57
Quick Ratio	0.33	0.45	0.33	0.29	0.65
Operating Cash Flow to Current Liabilities	0.03	0.12	-0.01	-0.04	-0.04
Days Sales Outstanding (Average Receivables)	-	44.31	49.38	54.46	61.35
Days Outstanding Inventory (Average Inventory)	-	103.43	113.22	177.77	228.12
Average Days Payable Outstanding	-	92.41	103.79	138.35	141.19
Cash Conversion Cycle (Average Days)	-	55.33	58.81	93.88	148.28
Long Term Solvency
Total Debt/Equity	95.95	59.73	129.47	108.79	56.13
Total Debt / Total Capital	48.97	37.39	56.42	52.1	35.95
LT Debt/Equity	13.16	8.98	4.51	1.11	0.38
Long-Term Debt / Total Capital	6.72	5.62	1.97	0.53	0.25
Total Liabilities / Total Assets	66.05	63.85	78.32	71.98	55.36
EBIT / Interest Expense	0.65	0.4	2.25	7.64	3.66
EBITDA / Interest Expense	2.8	2.72	4.06	8.94	4.38
(EBITDA - Capex) / Interest Expense	2.58	1.04	3.31	8.71	1.94
Total Debt / EBITDA	2.63	3.32	3.48	1.82	3.45
Net Debt / EBITDA	2.55	2.93	3.29	1.79	1.06
Total Debt / (EBITDA - Capex)	2.86	8.69	4.28	1.87	7.77
Net Debt / (EBITDA - Capex)	2.77	7.67	4.05	1.84	2.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	69.64	26	2.17	6.94
Gross Profit, 1 Yr. Growth %	-	12.47	29.97	27.49	4.45
EBITDA, 1 Yr. Growth %	-	-41.43	64.35	135.54	-36.8
EBITA, 1 Yr. Growth %	-	-62.8	516.07	263.41	-23.34
EBIT, 1 Yr. Growth %	-	-62.8	516.07	263.41	-23.34
Earnings From Cont. Operations, 1 Yr. Growth %	-	-1.25K	-12	162.96	-17.38
Net Income, 1 Yr. Growth %	-	-1.25K	-12	162.96	-17.38
Normalized Net Income, 1 Yr. Growth %	-	-24.98	-971.05	181.59	-22.59
Diluted EPS Before Extra, 1 Yr. Growth %	-	-1.25K	-11.99	162.71	-29.15
Accounts Receivable, 1 Yr. Growth %	-	46.95	35.99	-5	26.04
Inventory, 1 Yr. Growth %	-	3.6	67.35	31	20.07
Net Property, Plant and Equip., 1 Yr. Growth %	-	-9.5	-12.42	-15.58	31.02
Total Assets, 1 Yr. Growth %	-	11.67	32.54	13.22	43.8
Tangible Book Value, 1 Yr. Growth %	-	19.08	-20.59	45.98	126.67
Common Equity, 1 Yr. Growth %	-	18.92	-20.52	46.31	126.38
Cash From Operations, 1 Yr. Growth %	-	372.71	-110.17	516.66	-34.07
Capital Expenditures, 1 Yr. Growth %	-	347.03	-50.5	-67.72	1.01K
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-703.83	39.25	91.65
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-313.34	42.15	103.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	46.2	13.46	-0.19
Gross Profit, 2 Yr. CAGR %	-	-	20.9	27.98	11.96
EBITDA, 2 Yr. CAGR %	-	-	-1.89	96.63	20.62
EBITA, 2 Yr. CAGR %	-	-	51.39	370.81	48.22
EBIT, 2 Yr. CAGR %	-	-	51.39	370.81	48.22
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	217.52	52.12	27.24
Net Income, 2 Yr. CAGR %	-	-	217.52	52.12	27.24
Normalized Net Income, 2 Yr. CAGR %	-	-	155.63	395.26	28.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	217.5	52.05	17.82
Accounts Receivable, 2 Yr. CAGR %	-	-	41.37	13.67	9.43
Inventory, 2 Yr. CAGR %	-	-	31.67	48.06	25.41
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-10.98	-14.02	12.18
Total Assets, 2 Yr. CAGR %	-	-	21.66	22.5	26.97
Tangible Book Value, 2 Yr. CAGR %	-	-	-2.76	7.67	82.1
Common Equity, 2 Yr. CAGR %	-	-	-2.78	7.84	82.19
Cash From Operations, 2 Yr. CAGR %	-	-	-30.65	-20.79	164.94
Capital Expenditures, 2 Yr. CAGR %	-	-	48.76	-60.03	108.66
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	176.18	54
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	73.9	59.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	29.74	7.87
Gross Profit, 3 Yr. CAGR %	-	-	-	21.83	17.21
EBITDA, 3 Yr. CAGR %	-	-	-	31.39	33.67
EBITA, 3 Yr. CAGR %	-	-	-	102.75	137.52
EBIT, 3 Yr. CAGR %	-	-	-	102.75	137.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	198.18	12.52
Net Income, 3 Yr. CAGR %	-	-	-	198.18	12.52
Normalized Net Income, 3 Yr. CAGR %	-	-	-	164	142.6
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	198.07	6.9
Accounts Receivable, 3 Yr. CAGR %	-	-	-	23.83	17.65
Inventory, 3 Yr. CAGR %	-	-	-	31.45	38.07
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-12.54	3.29
Total Assets, 3 Yr. CAGR %	-	-	-	18.78	28.8
Tangible Book Value, 3 Yr. CAGR %	-	-	-	11.34	38.09
Common Equity, 3 Yr. CAGR %	-	-	-	11.41	38.18
Cash From Operations, 3 Yr. CAGR %	-	-	-	43.68	-10.61
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-10.61	29.17
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	135.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	75.81