Pokarna Ltd
Pokarna established their Granite business in 1991. Their products today are renowned for its quality, uniqueness, design and variation. Their state-of-the-art manufacturing facilities are equipped with specialized Bretonstone® technology, used for producing Quartz surfaces. They have strong presence in 23 countries and a robust distribution network which enables them to maintain uninterrupted and steady supply of products. Their Quartz surfaces are marketed under the brand name Quantra, while their granite products are sold under the Pokarna brand. We also have apparel manufacturing & retailing business under STANZA brand. [1]
Strengths
- +Company has been maintaining a healthy dividend payout of 65.4%
Weaknesses
- −Stock is trading at 24.3 times its book value
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -17.8% over past five years.
- −Company has a low return on equity of -3.24% over last 3 years.
- −Working capital days have increased from 74.1 days to 115 days
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% |
| FIIs | 5.32% | 5.34%▲0.0 | 6.02%▲0.7 | 6.6%▲0.6 | 6.13%▼0.5 | 6.09%▼0.0 | 6.82%▲0.7 | 6.9%▲0.1 |
| DIIs | 13.14% | 14.09%▲0.9 | 14.5%▲0.4 | 15.23%▲0.7 | 14.98%▼0.3 | 14.75%▼0.2 | 14.14%▼0.6 | 15.97%▲1.8 |
| Public | 24.89% | 23.9%▼1.0 | 22.83%▼1.1 | 21.51%▼1.3 | 22.23%▲0.7 | 22.49%▲0.3 | 22.37%▼0.1 | 20.47%▼1.9 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.83 | 5.38 | 6.4 | 5.98 | 8.53 | 6.67 | 7.82 | 4.87 | 4.65 | 6.97 |
| Expenses | 11.24 | 8.66 | 7.3 | 7.99 | 9.7 | 8.21 | 8.99 | 5.84 | 7.85 | 10.28 |
| Operating Profit | -1.41 | -3.28 | -0.9 | -2.01 | -1.17 | -1.54 | -1.17 | -0.97 | -3.2 | -3.31 |
| OPM % | -14.34% | -60.97% | -14.06% | -33.61% | -13.72% | -23.09% | -14.96% | -19.92% | -68.82% | -47.49% |
| Net Profit | 0.61 | -3.6 | -3.42 | -3.68 | -1.66 | -2.12 | 0.7 | -2.26 | -2.34 | -3.88 |
| EPS ₹ | 0.2 | -1.16 | -1.1 | -1.19 | -0.54 | -0.68 | 0.23 | -0.73 | -0.75 | -1.25 |
AI Insights
TTM revenue at ₹24.31Cr, down 15.9% YoY. OPM at -35.58%.
Borrowings at ₹40.44Cr. Debt-to-equity ratio: 0.41x. Healthy balance sheet.
DIIs: 15.97% (+5.63pp change). FIIs: 6.9% (+3.24pp change). Promoters hold 56.66%.
ROCE declining from 9.75% (Mar 2014) to -1.41% (Mar 2025). Working capital days: 114.89.
Recent Announcements
- Board Meeting Intimation for Meeting Of The Board To Consider And Approve Audited Results And Dividend If Any. 5m - Board to meet on 28 May 2026 to approve FY26 audited results and consider final dividend.
- The Company Has Received Demand Notice From Department Of Mines And Geology Government Of Andhra Pradesh. 2d - Andhra Pradesh mines authority issued Rs 33.40 crore demand notice over alleged granite permit misuse and unlawful excavation.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 5 May
- Re-Appointment Of Mr. Gautam Chand Jain As Chairman And Managing Director And Re-Appointment Of Mr. Rahul Jain As Managing Director Of The Company. 29 Apr - Pokarna board approved 5-year reappointments of Rahul Jain and Gautam Chand Jain, subject to shareholder approval.
- Announcement under Regulation 30 (LODR)-Change in Directorate 29 Apr - Board approved reappointment of Rahul Jain as MD and Gautam Chand Jain as CMD for five years, subject to AGM approval.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse