NEPTUNE
NEPTUNE financials
- Market cap
- ₹406 Cr
- Sector
- Chemicals
Quarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 341 | 607 | 407 | 645 |
| EBITDA | 15 | 9 | 14 | 18 |
| Net profit | 13 | 12 | 15 | 16 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +9.7% 1Y
1Y: ₹163.2 on 15 Sept 2025 → ₹179. High ₹243.4 (5 Feb 2026), low ₹156.2 (14 Oct 2025).
Balance sheet
| Year ending | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹17 Cr | ₹23 Cr |
| Reserves | ₹1 Cr | ₹11 Cr | ₹32 Cr | ₹50 Cr | ₹148 Cr |
| Borrowings | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹11 Cr | ₹19 Cr |
| Other liabilities | ₹97 Cr | ₹92 Cr | ₹89 Cr | ₹125 Cr | ₹30 Cr |
| Total liabilities | ₹98 Cr | ₹108 Cr | ₹121 Cr | ₹203 Cr | ₹219 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹97 Cr | ₹106 Cr | ₹118 Cr | ₹199 Cr | ₹214 Cr |
| Total assets | ₹98 Cr | ₹108 Cr | ₹121 Cr | ₹203 Cr | ₹219 Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Jun 2025, DIIs trimmed −2.07 pp while FIIs added +1.95 pp. The shareholder count shrank 51% to 622.
- Promoters
- 69.3%
- FIIs
- 12.3%
- DIIs
- 0.2%
- Public
- 18.2%
Since Jun 2025
- DIIs −2.07 pp
- FIIs +1.95 pp
- Public +0.12 pp
How it drifted, 3 quarters
Over this window DIIs fell from 2.2% to 0.2% — −2.1 pp.
Ownership split by quarter, oldest first. Jun '25: Promoters 69.3%, FIIs 10.3%, DIIs 2.2%, Public 18.1%.Sep '25: Promoters 69.3%, FIIs 12.3%, DIIs 0.2%, Public 18.2%.Mar '26: Promoters 69.3%, FIIs 12.3%, DIIs 0.2%, Public 18.2%.
Who is on the register
Named in the Mar 2026 filing
Every holder of NEPTUNE above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Paresh Subodhchandra Shah | 33.79% | unchanged |
| Riddhi Pareshkumar Shah | 32.14% | unchanged |
| Craft Emerging Market Fund Pcc- Elite Capital Fund FPI fund | 5.54% | unchanged |
| Craft Emerging Market Fund Pcc-Citadel Capital Fund FPI fund | 3.09% | unchanged |
| North Star Opportunities Fund Vcc-Bull Value Incorporated Vcc Sub-Fund FPI fund | 2.18% | unchanged |
| Sanjaykumar Subodhchandra Shah | 1.50% | unchanged |
| Affluence Gems Private Limited | 1.29% | unchanged |
| Neha Sanjaykumar Shah | 0.64% | unchanged |
| Sanjay S Shah | 0.44% | unchanged |
| Vaishaliben Vora | 0.31% | unchanged |
| Krupa Jasminbhai Shah | 0.22% | unchanged |
| Subodhchandra Somchandbhai Shah | 0.22% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -2.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse NEPTUNE
Guides on how to read this kind of business and the numbers that matter.