POKARNA

Pokarna share price & financials

Price
₹967.3
Market cap
₹2.5k Cr
Sector
Consumer Durables
Calls analysed
2
Latest concall · Q1 FY26 · call held 01 Aug 2025

Pokarna Q1 FY26

What went well

  • Commitment to new capacity expansion, expected to add ₹500 crore additional turnover upon full utilization by FY27.
  • Launch of KREOS and Chromia lines expected to begin contributing this fiscal year, strengthening product mix.
  • Active geographic diversification strategy, with non-US revenues gradually increasing.

What to watch

  • Significant uncertainty and demand constraint due to new 25% U.S. tariffs, expected to cause 'pain' in the current quarter.
  • Anticipated elevated input and distribution expenditures due to tariffs.
Read the full call →

What Pokarna Limited does

Pokarna Limited operates in two verticals: granite (quarrying and processing raw blocks, slabs, tiles, countertops and monuments) and engineered quartz surfaces, run through its wholly owned subsidiary Pokarna Engineered Stone Limited (PESL) under the Quantra brand. It sources granite from captive quarries in Telangana, Andhra Pradesh and Tamil Nadu (plus imports from Ukraine, Madagascar and Norway) and quartz raw material from Telangana and Andhra Pradesh, converting both into finished surfaces using Bretonstone technology from Breton, Italy. It sells worldwide directly and through private-label partnerships, with the U.S. as its largest export market, alongside a growing domestic dealer/distributor network.

Segments

  • Granite
  • Quartz Surfaces (PESL)
Countries of presence
20+
Captive granite quarries
10+, located in Andhra Pradesh, Telangana and Tamil Nadu
State-of-the-art manufacturing facilities
4
Quartz surface designs offered
100+
Granite colour varieties sourced
75+
Years of experience
30+
Founded 1991Headquarters Secunderabad, Telangana, India Company website

Guidance record · Q1 FY26

what the last two calls moved 7 tracked 0 delivered 0 missed 7 open
  • EBITDA Margin Maintenance at risk said Q4 FY25 Promised: Maintain around 35% Q1 FY26: Pricing under strain, elevated input costs, and expected 'pain' in the current quarter.
  • KREOS Line Revenue Contribution on track said Q4 FY25 Promised: Gradual ramp-up starting H2 FY26 Q1 FY26: Expect the KREOS line to begin contributing from this fiscal year.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.5%, net profit up 53.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue251 224 263 171 118 −53%135 −40%147 −44%189 +11%
EBITDA86 78 101 55 24 −72%41 −47%45 −55%68 +24%
Net profit45 51 59 28 6 −87%20 −61%26 −56%43 +54%
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 −8.7% 1Y

₹0.7k₹0.8k₹0.9k₹1.0k₹1.1kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹881 on 10 Sept 2025 → ₹804.15. High ₹1,132.4 (24 Jun 2026), low ₹701.45 (1 Feb 2026).

Financials, as filed

Revenue fell 7.8% a year over 3 years, FY23 to FY26. Operating margin widened to 28.9%.

Year endingFY23FY24FY25FY26
Revenue₹727 Cr₹689 Cr₹931 Cr₹571 Cr
Operating profit₹172 Cr₹208 Cr₹326 Cr₹165 Cr
Operating margin23.6%30.2%35.0%28.9%
Interest₹44 Cr₹39 Cr₹37 Cr₹30 Cr
Depreciation₹41 Cr₹43 Cr₹45 Cr₹48 Cr
Net profit₹66 Cr₹88 Cr₹188 Cr₹80 Cr
Net margin9.1%12.8%20.2%14.0%
Cash from operations₹136 Cr₹188 Cr₹191 Cr₹183 Cr
Free cash flow₹103 Cr₹149 Cr₹96 Cr₹-142 Cr
ROCE15.0%18.0%28.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr
Reserves₹359 Cr₹437 Cr₹501 Cr₹586 Cr₹805 Cr₹851 Cr
Borrowings₹312 Cr₹515 Cr₹459 Cr₹401 Cr₹275 Cr₹458 Cr
Other liabilities₹325 Cr₹214 Cr₹138 Cr₹221 Cr₹219 Cr₹298 Cr
Total liabilities₹1.0k Cr₹1.2k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.6k Cr
Fixed assets₹699 Cr₹758 Cr₹733 Cr₹710 Cr₹805 Cr₹787 Cr
Capital work in progress₹65 Cr₹1 Cr₹1 Cr₹65 Cr₹4 Cr₹386 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹239 Cr₹412 Cr₹371 Cr₹440 Cr₹496 Cr₹440 Cr
Total assets₹1.0k Cr₹1.2k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.6k Cr
How to read this

As filed each year. 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 Jun 2026

Since Jun 2025, the public trimmed −1.44 pp while FIIs added +0.78 pp. The shareholder count shrank 1% to 23,588.

Promoters
56.7%
FIIs
6.9%
DIIs
15.6%
Public
20.8%

Since Jun 2025

  • Public −1.44 pp
  • FIIs +0.78 pp
  • DIIs +0.66 pp

How it drifted, 12 quarters

Over this window the public fell from 29.0% to 20.8% — −8.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.7%, FIIs 4.0%, DIIs 10.4%, Public 29.0%.Dec '23: Promoters 56.7%, FIIs 4.0%, DIIs 10.3%, Public 29.0%.Mar '24: Promoters 56.7%, FIIs 4.3%, DIIs 11.2%, Public 27.9%.Jun '24: Promoters 56.7%, FIIs 5.3%, DIIs 13.1%, Public 24.9%.Sep '24: Promoters 56.7%, FIIs 5.3%, DIIs 14.1%, Public 23.9%.Dec '24: Promoters 56.7%, FIIs 6.0%, DIIs 14.5%, Public 22.8%.Mar '25: Promoters 56.7%, FIIs 6.6%, DIIs 15.2%, Public 21.5%.Jun '25: Promoters 56.7%, FIIs 6.1%, DIIs 15.0%, Public 22.2%.Sep '25: Promoters 56.7%, FIIs 6.1%, DIIs 14.8%, Public 22.5%.Dec '25: Promoters 56.7%, FIIs 6.8%, DIIs 14.1%, Public 22.4%.Mar '26: Promoters 56.7%, FIIs 6.9%, DIIs 16.0%, Public 20.5%.Jun '26: Promoters 56.7%, FIIs 6.9%, DIIs 15.6%, Public 20.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Pokarna Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Gautam Chand Jain 51.43%unchanged
Kotak Debt Hybrid Mutual fund8.98%unchanged
Bowhead India Fund FPI fund5.31%+0.16 pp
Nippon Life India Trustee Ltd-A/C Nippon India Mul Mutual fund2.23%unchanged
Vidya Jain 1.61%unchanged
Neha Chordia 1.61%unchanged
Rahul Jain 1.61%unchanged
New Mark Capital AIF LLP AIF1.34%unchanged
Persistence Capital Fund I VC / PE1.15%unchanged
Megha Jain 0.40%unchanged
Nidhi Jain 0.00%unchanged
Ekta Jain 0.00%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.

Mutual funds in POKARNA

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.29 L shares (−4.2%).

Held by funds
₹56 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹56 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹56 Cr−0.29 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −29,256 shares (−4.2%)

Funds are sitting on
+503%
vs est. average cost
Held by funds
₹56 Cr
1 schemes · ≈ 2.6% of the company

Shares held by these funds −44%

Aug '23 6.90 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹804, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~7%. At that growth it is worth ₹413 — downside of 49%.

Growth the price implies
19.6% a year
for 7 years, fading to 4%
It has actually compounded at
6.6% a year
net profit, FY23–FY26 · EPS 7.0%
The gap
0.1 pp
-49% downside if it only repeats history
Price today ₹804.15 Value at the reference growth ₹412.52

Change the assumptions yourself →

All earnings calls (2)

Read the Q1 FY26 call →

Learn to analyse Pokarna Limited

Guides on how to read this kind of business and the numbers that matter.