Partner With Us NRI

Ester Industries Ltd share Price

Company details

6M Return -12.83%
1Y Return -10.94%
Mkt Cap.(Cr) 1,011.15
Volume 211,597
Div Yield 0.00%
OI Chg %
Volume 211,597

Open Free Trading Account Online with ICICIDIRECT

Ester Industries Ltd.

Q1FY23 Quarterly Result Announced for Ester Industries Ltd.

Containers & Packaging firm Ester Industries announced Q1FY23 Result :

  • Ester Industries announces Q1 FY23 results
  • Revenue up 26%; EBITDA grows 13%

Commenting on the performance, Mr. Arvind Singhania, Chairman, Ester Industries said: “We have started the year on a strong note, with both our core businesses Films and Specialty Polymers registering good growth in revenue and profitability. Specialty Polymer business has not only maintained its recent growth momentum but has accelerated even further. We expect the growth momentum to continue throughout the year and onwards. Volume growth for marquee products remains encouraging. Innovative PBT has been growing significantly year after year and has seen a sharp pick up in volumes during the quarter. Due to better product mix, margins as well have picked up on a sequential basis and we expect the trend to continue over the coming quarters. Product pipeline for the business remains encouraging, offering better visibility and potential for improved performance over the coming years.

Film business delivered yet another solid performance, with improvement in volumes as well as realizations. Margins as well have expanded despite inflationary environment largely owing to better product mix and price revisions undertaken to offset the impact of rising input prices. Our sustained efforts towards increasing the share of value-added & specialty products in the overall mix have started to pay dividends, in part helping us to de-commoditize the product portfolio. While inflationary pressure and demand supply imbalance caused by commissioning of new production lines may cause margin compression in the near term, the long term prospects of the business remain strong. We are on course to commence commercial production from Telangana plant by October 22. Basis low cost of operations and proximity to markets, we expect Telangana plant to post satisfactory financial performance.

The deal for divestment of Engineering Plastics business on Slump Sale basis as a Going Concern is estimated to fructify within next 25 – 30 days. While our balance sheet is already healthy & resilient, the divestment of Engineering Plastics business will further strengthen it and provide us with the requisite growth capital to further scale up our core businesses. We believe our core businesses are well placed to deliver consistent growth and create value for our shareholders.”

Result PDF

View Other Company Results


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Ester Industries Ltd Stocks COMPARISION


Equity Capital: 622.67 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 6,453.77 33,147.37
LAST 3M 17,843.41 60,442.99
LAST 6M 65,045.76 45,150.76
LAST 12M 117,698.99 96,636.68
Ester Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 08, 2023 l NSE Announcement

Ester Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 06, 2023 l NSE Announcement

Ester Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 02, 2023 l NSE Announcement

Date Action Type Ratio
Sep 20, 2022 Dividend 38
Nov 22, 2021 Dividend 28
Sep 17, 2021 Dividend 38

Ester Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Promoted by Sitaram Singhania, (managing director of Lohia Machines), along with J P Shroff, (an NRI businessman based in Singapore) Ester India is having a installed capacity 36000 tpa polyester chips,18000 tpa polyester films and 6000 tpa dope-dyed coarse denier polyester filament yarn. The total cost of the project was Rs 84.4 cr, which was part-financed by a public issue in Feb.`88. It was the first company in the country to have integrated operations to manufacture three products -- polyester chips, polyester film and dope-dyed polyester filament yarn. Its works is situated in Khatima, Uttaranchal. The Company is having two wholly owned foreign subsidiaries i.e Ester International (USA) Ltd and Ester Europe GmbH. The Company is also planning to set up a one more subsidiary in Oman to manufacture 24000 MT of Polyster Film. EIL is considering various options, including private placement with FIIs, to raise around Rs 14 cr to pay the overdue interest as per the revival package. The company`s expansion-cum-modernisation programme with an investment of Rs 125 crores for increasing the annual production capacities of Chips from 20000 to 36000 MT and Polyester Film from 4000 to 18000 MT commenced commercial production from 1st January, 1998. In 2001 the Company declared as a Sick Industrial Undertaking in October, 2001 and Rehabilation package was approved by BIFR for one time settlement of Rs.5,520.40 lacs. In 2004, the Company successfully completed the modernization of Chips Plant and this modernization helps the Company to produce the chips at substantially lower costs.

Registered Address

Sohan Nagar P O Charubeta, Udham Singh Nagar, Khatima, Uttaranchal, 262308

Tel : 91-5943-250153-57
Email : shares.deptt:ester.in
Website : http://www.esterindustries.com

Mas Services Limited

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500136
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE778B01029

FAQ’s on Ester Industries Ltd Shares

You can buy Ester Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ester Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 08, 2023 03:58 PM the closing price of Ester Industries Ltd was ₹ 121.25.

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 Jun 08, 2023 03:58 PM, the market cap of Ester Industries Ltd stood at ₹ 1,011.15.

The latest PE ratio of Ester Industries Ltd as of Jun 08, 2023 03:58 PM is 86.82

The latest PB ratio of Ester Industries Ltd as of Jun 08, 2023 03:58 PM is 0.74

The 52-week high of Ester Industries Ltd is ₹ 190.00 while the 52-week low is ₹ 82.40

Download Our App

market app
market app