Creative Newtech financials and balance sheet

NSE: CNLBSE: 544631Commercial Services & SuppliesSmall Cap

Formerly Creative Peripherals and Distribution

₹1,033.00₹16.60 (1.63%)BSE ₹1,020.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,016.40.

52-week range of traded prices to 23 Oct 2026

₹525.00Low, 30 Mar 2026₹1,328.00High, 31 Aug 2026

Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.

Market cap: ₹1,551 Cr1,492nd largest listed
P/E: Owners' profit not stated
P/B: 4.3
Dividend yield: 0.05%
ROCE: 13.7%
Debt to equity: 0.84
Volume, NSE: 14,30851.3% delivered

7 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Creative Newtech annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹2,700 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue2,700
Materials and goods−2,486
Employee costs−21
Other expenses−106
Operating profit86
Depreciation−1.5
Other income+18
One-off items0.0
Finance costs−21
Profit before tax82
Tax−11
Joint ventures−0.1
Net profit70

What the company owns

Receivables₹565 Cr
Plant, investments and other assets₹176 Cr
Inventory₹173 Cr
Cash and bank₹22 Cr

What pays for it: net worth and liabilities

Net worth₹387 Cr
Borrowings₹324 Cr
Owed to suppliers₹185 Cr
Other liabilities₹41 Cr

Creative Newtech business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Creative Newtech segment results by quarter

Revenue by segment

₹2,700 CrTotal

Market Entry Specialist₹2,319 Cr85.9% of total
Brand Business₹381 Cr14.1% of total

Profit by segment

Market Entry Specialist₹87 Cr40.9% of total
Brand Business₹126 Cr59.1% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Market Entry Specialist
Revenue, ₹ crore
2,319
Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
87
Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Brand Business
Revenue, ₹ crore
381
Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
126
Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	458	520	934	1,376	1,713	1,774	2,700
Company revenue, as in its results	458	520	934	1,376	1,713	1,774	2,700
Revenue	–	–	–	–	–	–	2,319
Profit	–	–	–	–	–	–	87
Margin	–	–	–	–	–	–	3.8%
Return on capital	–	–	–	–	–	–	17.8%
Assets	–	–	–	–	–	–	579
Liabilities	–	–	–	–	–	–	90
Capital employed	–	–	–	–	–	–	490
Revenue	–	–	–	–	–	–	381
Profit	–	–	–	–	–	–	126
Margin	–	–	–	–	–	–	33.2%
Return on capital	–	–	–	–	–	–	146.0%
Assets	–	–	–	–	–	–	122
Liabilities	–	–	–	–	–	–	35
Capital employed	–	–	–	–	–	–	87
Revenue	–	–	542	922	1,212	1,206	–
Revenue growth	–	–	–	70.0%	31.5%	−0.5%	–
Profit	–	–	19	25	32	25	–
Profit growth	–	–	–	29.7%	27.2%	−20.0%	–
Margin	–	–	3.5%	2.7%	2.6%	2.1%	–
Return on capital	–	–	113.8%	415.8%	68.9%	27.7%	–
Assets	–	–	28	13	50	139	–
Liabilities	–	–	11	7	3	47	–
Capital employed	–	–	17	6	46	92	–
Revenue	–	–	194	–	244	182	–
Revenue growth	–	–	–	–	–	−25.3%	–
Profit	–	–	11	–	16	17	–
Profit growth	–	–	–	–	–	6.3%	–
Margin	–	–	5.6%	–	6.7%	9.5%	–
Return on capital	–	–	26.6%	–	21.3%	56.9%	–
Assets	–	–	58	–	64	40	–
Liabilities	–	–	17	–	−13	10	–
Capital employed	–	–	41	–	77	31	–
Revenue	–	–	187	–	257	385	–
Revenue growth	–	–	–	–	–	50.2%	–
Profit	–	–	47	–	66	106	–
Profit growth	–	–	–	–	–	60.3%	–
Margin	–	–	24.9%	–	25.7%	27.4%	–
Return on capital	–	–	70.3%	–	81.4%	70.1%	–
Assets	–	–	86	–	108	140	–
Liabilities	–	–	19	–	27	−11	–
Capital employed	–	–	66	–	81	151	–
Revenue	–	–	11	11	1	1	–
Revenue growth	–	–	–	0.1%	–	–	–
Profit	–	–	1	1	0	0	–
Profit growth	–	–	–	85.3%	–	–	–
Margin	–	–	5.6%	10.4%	0.0%	13.0%	–
Return on capital	–	–	25.2%	52.7%	0.0%	15.4%	–
Assets	–	–	4	2	1	1	–
Liabilities	–	–	1	0	−1	0	–
Capital employed	–	–	2	2	2	1	–
Revenue	–	–	–	247	–	–	–
Profit	–	–	–	13	–	–	–
Margin	–	–	–	5.4%	–	–	–
Return on capital	–	–	–	29.0%	–	–	–
Assets	–	–	–	62	–	–	–
Liabilities	–	–	–	17	–	–	–
Capital employed	–	–	–	46	–	–	–
Revenue	–	–	–	197	–	–	–
Profit	–	–	–	41	–	–	–
Margin	–	–	–	20.7%	–	–	–
Return on capital	–	–	–	54.3%	–	–	–
Assets	–	–	–	86	–	–	–
Liabilities	–	–	–	11	–	–	–
Capital employed	–	–	–	75	–	–	–
Revenue	196	80	–	–	–	–	–
Revenue growth	–	−59.3%	–	–	–	–	–
Profit	25	13	–	–	–	–	–
Profit growth	–	−47.0%	–	–	–	–	–
Margin	12.5%	16.3%	–	–	–	–	–
Return on capital	71.8%	87.5%	–	–	–	–	–
Assets	31	12	–	–	–	–	–
Liabilities	−3	−3	–	–	–	–	–
Capital employed	34	15	–	–	–	–	–
Revenue	192	263	–	–	–	–	–
Revenue growth	–	36.6%	–	–	–	–	–
Profit	21	20	–	–	–	–	–
Profit growth	–	−5.8%	–	–	–	–	–
Margin	11.1%	7.7%	–	–	–	–	–
Return on capital	177.8%	45.5%	–	–	–	–	–
Assets	41	75	–	–	–	–	–
Liabilities	29	31	–	–	–	–	–
Capital employed	12	44	–	–	–	–	–
Revenue	69	178	–	–	–	–	–
Revenue growth	–	156.2%	–	–	–	–	–
Profit	5	12	–	–	–	–	–
Profit growth	–	155.0%	–	–	–	–	–
Margin	6.7%	6.7%	–	–	–	–	–
Return on capital	191.5%	103.9%	–	–	–	–	–
Assets	6	12	–	–	–	–	–
Liabilities	3	0	–	–	–	–	–
Capital employed	2	11	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Creative Newtech quarterly results

₹ crore	Mar 2020Filed 26 Jun	Mar 2021Filed 22 Jun	Mar 2022Filed 21 May	Mar 2023Filed 27 May	Mar 2024Filed 17 May	Mar 2025Filed 15 May	Mar 2026Filed 14 May
Revenue from operations	458	520	934	1,376	1,713	1,774	2,700
	442	508	915	1,357	1,672	1,729	2,614
Materials and goods bought	407	475	857	1,296	1,599	1,626	2,486
Employee costs	9	9	11	14	16	18	21
Other expenses	26	24	47	47	57	85	106
Operating profit before depreciation	15	13	19	19	41	46	86
Operating margin	3.4%	2.4%	2.0%	1.4%	2.4%	2.6%	3.2%
Materials, % of revenue	88.9%	91.3%	91.7%	94.2%	93.3%	91.6%	92.1%
Employee costs, % of revenue	2.0%	1.7%	1.2%	1.0%	0.9%	1.0%	0.8%
Other expenses, % of revenue	5.7%	4.6%	5.1%	3.4%	3.3%	4.8%	3.9%
Depreciation and amortisation	1	1	1	2	1	1	2
Operating profit after depreciation	15	12	17	18	40	45	85
Other income	1	6	14	26	28	27	18
Finance costs	5	5	6	9	10	10	21
Profit before one-off items and tax	11	13	25	34	58	62	82
One-off items	0	0	0	0	0	0	0
Profit before tax	11	13	25	34	58	62	82
	3	4	6	7	10	8	11
Current tax	3	4	6	7	10	9	12
Deferred tax	0	0	0	0	0	0	0
Share of profit of joint ventures and associates	–	–	–	–	–	–	0
	8	9	19	27	48	53	70
Belonging to the company's shareholders	8	10	–	–	44	53	–
Belonging to outside owners of subsidiaries	0	–	–	–	4	–	–
Other comprehensive income	0	0	0	0	0	0	0
Total comprehensive income	8	9	19	27	48	53	70
Net margin	1.7%	1.8%	2.1%	2.0%	2.8%	3.0%	2.6%
Net margin without joint ventures and associates	–	–	–	–	–	–	2.6%

Belonging to the company's shareholders is left blank for the years to Mar 2022 and Mar 2026: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the company's periods around it state no share for other owners for the gap to belong to. Belonging to the company's shareholders is left blank for the year to Mar 2023: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the share count moved by more than 5% across the period.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2023Filed 27 May	Mar 2024Filed 17 May	Mar 2025Filed 15 May	Mar 2026Filed 14 May
	126	224	309	387
	117	216	294	364
Share capital	13	13	15	15
Reserves	105	202	279	349
Belonging to outside owners of subsidiaries	9	8	15	24
	89	74	72	324
Repayable after a year	9	7	2	0
Repayable within a year	80	66	70	324
	152	129	219	548
Trade payables	47	52	135	185
Other financial liabilities	14	5	7	17
Other liabilities	11	3	6	19
Provisions	0	0	1	1
Tax owed	0	2	1	2
	10	8	3	2
Other financial liabilities	0	–	1	–
Other liabilities	0	1	–	–
Provisions	1	0	0	2
Total assets	288	361	532	937
	10	9	14	16
Plant in use, after depreciation	10	9	8	8
Plant being built	0	–	2	–
Intangible assets	0	0	0	4
Investments	0	0	3	0
Stakes in joint ventures and associates	0	–	–	3
Deferred tax	0	0	0	1
Other assets	0	–	–	–
	278	352	518	922
Inventories	81	78	106	173
Trade receivables	92	147	238	565
Cash and cash equivalents	3	7	44	5
Other bank balances	7	10	11	17
Other financial assets	0	1	5	0
Other assets	95	109	114	161
Net debt	80	56	17	302

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2020, Mar 2021 and Mar 2022, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 22 Jun	Mar 2022Filed 21 May	Mar 2023Filed 27 May	Mar 2024Filed 17 May	Mar 2025Filed 15 May	Mar 2026Filed 14 May
	−4	−19	−21	−28	22	−273
	−1	−13	−14	−20	32	−263
	−18	−44	−57	−76	−38	−361
Receivables	−17	−29	−7	−55	−91	−327
Inventories	1	−36	21	4	−27	−66
Payables	15	13	−27	−11	88	73
Other working capital	−17	7	−43	−15	−9	−41
Tax paid	−3	−6	−8	−8	−10	−10
Capital spending	0	0	1	0	0	3
Free cash flow	−4	−19	−22	−28	22	−276
	−2	−3	−2	−24	−7	−8
Companies bought	0	0	0	−31	0	0
Interest received	0	0	0	1	1	1
	7	22	21	57	20	234
Borrowings raised	0	21	25	0	3	255
Borrowings repaid	11	0	0	−15	−5	−2
Interest paid	0	0	−8	−7	−8	−17
Dividends paid	–	1	1	1	1	1
Shares bought back	0	0	0	0	0	0
Shares issued	0	6	5	–	30	0
Net change in cash	2	0	−2	5	35	−47

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the year to Mar 2020. Dividends paid is left blank for the year to Mar 2021: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given. Shares issued is left blank for the year to Mar 2024: the cash-flow statement states money raised on equity instruments other than shares, and with no share capital on record before the period nothing shows whether shares were issued for it, so the figure is not given.

Consolidated, ₹ per share, years to March.Creative Newtech dividend history

₹ per share	Mar 2020Filed 26 Jun	Mar 2021Filed 22 Jun	Mar 2022Filed 21 May	Mar 2023Filed 27 May	Mar 2024Filed 17 May	Mar 2025Filed 15 May	Mar 2026Filed 14 May
Earnings per share	₹6.69	₹8.26	₹13.49	₹19.53	₹32.58	₹32.18	₹41.04
Diluted earnings per share	₹6.69	₹8.26	₹13.04	₹19.53	₹31.85	₹32.18	₹41.04
Dividend per share	₹0.50	₹0.50	₹0.50	₹0.50	₹0.50	₹0.50	₹0.50
Book value per share	–	–	–	₹93.17	₹152.84	₹195.79	₹242.15
Dividend payout	7.5%	6.1%	–	–	1.6%	1.4%	–
Shareholder yield	–	–	−0.6%	−0.8%	–	−2.8%	0.1%
Market cap at the year end (₹ crore)	90	120	868	537	1,001	1,075	793

Shareholder yield is left blank for the year to Mar 2021: the cash-flow statement states no dividends paid, while the company's own dividend record shows one paid in the period, so the line is not given. Shareholder yield is left blank for the year to Mar 2024: the cash-flow statement states money raised on equity instruments other than shares, and with no share capital on record before the period nothing shows whether shares were issued for it, so the figure is not given.

Ratios

Consolidated, years to March.Creative Newtech PE ratio and valuation

Ratio	Mar 2020Filed 26 Jun	Mar 2021Filed 22 Jun	Mar 2022Filed 21 May	Mar 2023Filed 27 May	Mar 2024Filed 17 May	Mar 2025Filed 15 May	Mar 2026Filed 14 May
Revenue growth	–	13.6%	79.5%	47.4%	24.5%	3.6%	52.1%
Operating profit growth	–	−18.9%	48.8%	2.1%	117.1%	10.7%	88.1%
Net profit growth	–	20.7%	105.2%	41.6%	77.1%	10.1%	32.4%
Earnings per share growth	–	23.5%	63.3%	44.8%	66.8%	−1.2%	27.5%
	–	–	–	–	26.4%	20.8%	–
	–	–	–	–	–	−5.6 pts	–
From the net margin	–	–	–	–	–	4.3 pts	–
From asset turnover	–	–	–	–	–	−7.6 pts	–
From borrowing	–	–	–	–	–	−2.3 pts	–
Return on capital employed	–	–	–	8.1%	13.5%	11.7%	11.9%
Cash conversion	–	−42.2%	−98.3%	−77.9%	−58.4%	41.2%	−388.5%
Interest cover	3.0	2.5	2.8	1.9	4.1	4.4	4.1
Debt to equity	–	–	–	0.70	0.33	0.23	0.84
Receivable days	–	–	–	24	31	49	76
Inventory days	–	–	–	23	18	24	25
Payable days	–	–	–	13	12	30	27
Cash conversion cycle, days	–	–	–	34	37	42	75
Working capital days	–	–	–	52	58	64	91
Asset turnover	–	–	–	4.78	5.28	3.97	3.68
Assets per rupee of net worth	–	–	–	2.45	1.95	1.75	2.23
Sales per rupee of plant	–	–	–	143.76	193.94	215.15	329.43
Capital spending to depreciation	–	0.00	0.00	0.46	0.00	0.00	2.17
Plant being built, % of plant in use	–	–	–	0.0%	–	26.0%	–

No balance sheet is on record for the years to Mar 2020, Mar 2021 and Mar 2022, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Cash from operations against operating profit: −316.6%

Measure	5 years	3 years
Revenue growth, yearly rate	39.0%	25.2%
Return on equity, average	–	23.6%
Return on capital employed, average	11.3%	12.4%
Operating margin, average	2.3%	2.7%
Net margin, average	2.5%	2.8%
Asset turnover, average	4.43	4.31
Cash conversion cycle, days, average	47	51
Interest cover, average	3.5	4.2
Debt to equity, average	0.53	0.47

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	−320	−279	−273
Cash from investing	−44	−39	−8
Cash from financing	355	311	234
Capital spending	4	3	3
Dividends paid	3	2	1
Shares bought back	0	0	0
Shares issued for cash	–	–	0
Borrowings raised	304	258	255
Borrowings repaid	23	23	2

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	4	4
Altman Z-scorePublished threshold 1.1	–	–	–	5.90	8.85	7.76	5.30
Beneish M-scorePublished threshold −1.78	–	–	–	–	−1.10	0.09	0.25
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	30.91	8.63	47.83
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	−0.79	−0.72	−0.21	−1.63
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	35.00	58.14	85.53
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	−27.70	34.29	11.16
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	0.87	0.51	1.54
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	–	3.73	–
Effective tax ratePublished threshold 17.16 per cent	30.35	27.93	22.79	20.20	17.13	13.70	14.02
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	−2.21	−1.86	3.28	−2.40	1.62

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
6 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil BBB+Review, Re-affirm	Stable	117
6 Aug 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A2Review, Re-affirm		15

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.