Ester Industries Ltd (ESTER) — shareholding pattern, promoter holding, financials and share price
About Ester Industries Ltd (ESTER)
Ester Industries Ltd operates in the Packaging industry, within the Capital Goods sector. It trades on the NSE as ESTER and on the BSE under scrip code 500136. Its ISIN is INE778B01029.
Incorporated in 1985, Ester Industries Ltd is a manufacturer of polyester film and engineering plastics. [1]
Ester Industries Limited manufactures polyester films, specialty polymers and rPET from three manufacturing facilities in India, exporting to 50+ countries and operating product lines spanning commodity BOPET films to high‑margin specialty polymers and recycled content products.
The company is executing a transformative strategic pivot to circularity through a 50:50 JV with Loop Industries (ELITe) to build a chemical recycling plant (~US$180–193 million capex), targeting 70,000 MT/yr of recycled chips and commercial operations in H2 CY2027, with Nike as an anchor offtaker.
Listed peers in Packaging: Arrow Greentech Ltd, Oricon Enterprises Ltd, Commercial Syn Bags Ltd, TPL Plastech Ltd, Haldyn Glass Ltd, Nahar Polyfilms Ltd.
Valuation & Returns
10 Jul 2026At ₹90.75 a share on 10 Jul 2026, Ester Industries Ltd (ESTER) was valued at a price-to-earnings ratio of -34.44x against an industry P/E of 37x and a price-to-book of 1.06x on a book value of ₹85.21 per share. Solomo computes return on equity of -3.51% and return on capital employed of 2.64% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -34.44x
- Industry P/E
- 37x
- P/B
- 1.06x
- EPS (TTM)
- ₹-2.63
- Book value / share
- ₹85.21
- ROE
- -3.51%
- ROCE
- 2.64%
- ROA
- -1.64%
- Debt / equity
- 0.93x
- Dividend yield
- 0.66%
- EBITDA margin
- 8.04%
- 52-week range
- ₹68.8 – ₹133
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Ester Industries Ltd (ESTER) reported revenue of ₹1,375 crore, net profit of ₹-27 crore and earnings per share of ₹-2.81. That compares with revenue of ₹1,282 crore and net profit of ₹14 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹343.82 crore and net profit ₹7.87 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,110 | 1,114 | 1,063 | 1,282 | 1,375 |
| Net profit (₹ cr) | 137 | 137 | -121 | 14 | -27 |
| EPS (₹) | 16.39 | 16.42 | -12.88 | 1.46 | -2.81 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 2.72% | 0.60% | -1.21% | 20.56% |
| Profit growth | 27.47% | -16.44% | -22.72% | 111.32% |
| Stock price CAGR | 6% | -9% | -6% | -29% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 62.32% of Ester Industries Ltd (ESTER) (down 0.39 pp QoQ), foreign institutional investors (FII) hold 0.03% and domestic institutional investors (DII) hold 0.16%. Market capitalisation was ₹946 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: VETTEL INTERNATIONAL LTD 7.75%, RJ CORP LIMITED 2.53%, Kamalesh Jayant Shah 2.12%, KRISHANG VAIBHAV SHAH 1.52%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 62.32% | - | 0.03% | 0.16% | 37.68% |
| Mar 2026 | 62.71% | - | 0.05% | 0.17% | 37.29% |
| Dec 2025 | 62.71% | - | 0.06% | 0.13% | 37.29% |
| Sep 2025 | 62.73% | - | 0.03% | 0.05% | 37.27% |
| Jun 2025 | 62.73% | - | 0.17% | 0.01% | 37.27% |
| Mar 2025 | 62.4% | - | 0.08% | 0.01% | 37.6% |
| Dec 2024 | 62.4% | - | 0.04% | 0.01% | 37.6% |
| Sep 2024 | 62.4% | - | 0.1% | 0.44% | 37.6% |