OM Infra financials and balance sheet

NSE: OMINFRALBSE: 531092ConstructionSmall Cap

Formerly OM Metals Infraprojects

₹64.86₹0.78 (1.19%)BSE ₹64.76

Share price at the NSE close on 23 Oct 2026. Previous close ₹65.64.

52-week range of traded prices to 23 Oct 2026

₹62.40Low, 23 Oct 2026₹119.90High, 23 Oct 2025

Market cap: ₹625 Cr1,576th largest listed
P/E: 18.9
P/B: 0.8
Dividend yield: 0.77%
ROE: 4.4%
ROCE: 3.8%
Debt to equity: 0.11
Volume, NSE: 75,15950.4% delivered

10 years at a glance

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

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.8% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2022, the company reports a discontinued business.

Results for the year to Mar 2026

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

From revenue to net profit

Revenue500
Materials and goods−213
Employee costs−44
Other expenses−215
Operating profit28
Depreciation−4.8
Other income+18
One-off items0.0
Finance costs−19
Profit before tax22
Tax−1.6
Net profit21

What the company owns

Plant, investments and other assets₹688 Cr
Inventory₹386 Cr
Receivables₹310 Cr
Cash and bank₹80 Cr

What pays for it: net worth and liabilities

Net worth₹808 Cr
Other liabilities₹458 Cr
Owed to suppliers₹113 Cr
Borrowings₹86 Cr

OM Infra 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. A segment at a loss has no share of profit.OM Infra segment results by quarter

Revenue by segment

₹500 CrTotal

Engineering₹466 Cr93.1% of total
Real estate₹35 Cr6.9% of total

Profit by segment

Engineering₹44.2 Cr100.0% of total
Road Project₹0.0 Cr0.0% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Engineering
Revenue, ₹ crore
185
229
277
666
1,017
644
466
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
43
52
38
65
120
49
44
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Real estate
Revenue, ₹ crore
3
0
0
28
128
97
68
35
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−2
−2
1
11
−5
2
1
−3
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
17
13
6
8
5
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−4
−1
−4
−3
0
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Road Project
Revenue, ₹ crore
0
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
0
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	250	198	236	313	799	1,114	713	500
Company revenue, as in its results	213	187	236	313	799	1,114	713	500
Revenue	–	185	229	277	666	1,017	644	466
Revenue growth	–	–	24.3%	20.7%	140.6%	52.6%	−36.6%	−27.7%
Profit	–	43	52	38	65	120	49	44
Profit growth	–	–	22.0%	−27.7%	71.3%	84.7%	−58.9%	−10.3%
Margin	–	23.2%	22.8%	13.7%	9.7%	11.8%	7.6%	9.5%
Return on capital	–	13.2%	18.4%	11.8%	–	21.5%	7.9%	6.6%
Assets	–	603	562	564	592	572	662	685
Liabilities	–	277	278	244	857	15	37	20
Capital employed	–	326	284	320	−265	557	624	665
Revenue	3	0	0	28	128	97	68	35
Revenue growth	–	−100.0%	–	–	352.8%	−24.5%	−29.3%	−49.5%
Profit	−2	−2	1	11	−5	2	1	−3
Profit growth	–	–	–	–	–	–	−39.3%	–
Margin	−53.8%	–	3,050.0%	39.2%	−3.8%	2.2%	1.9%	−8.0%
Return on capital	–	−0.7%	0.3%	3.3%	−5.5%	3.6%	4.6%	−6.9%
Assets	–	501	578	587	506	431	357	348
Liabilities	–	209	245	253	418	372	329	308
Capital employed	–	292	333	334	88	59	28	40
Revenue	17	13	6	8	5	0	0	0
Revenue growth	–	−25.2%	−52.4%	27.7%	−37.0%	–	–	–
Profit	−4	−1	−4	−3	0	0	0	0
Margin	−21.8%	−3.9%	−62.3%	−32.3%	0.6%	−110.9%	–	–
Return on capital	–	–	−79.1%	−34.4%	0.2%	−0.1%	–	−1.1%
Assets	–	16	17	48	38	409	0	27
Liabilities	–	20	12	41	26	29	0	18
Capital employed	–	−4	5	7	13	380	0	10
	–	–	–	–	0	0	0	0
Profit	–	–	–	–	0	0	0	0
Return on capital	–	–	–	–	0.0%	–	0.0%	0.0%
Assets	–	–	–	–	403	44	404	405
Liabilities	–	–	–	–	309	316	311	311
Capital employed	–	–	–	–	93	−272	94	94
Revenue	230	–	–	–	–	–	–	–
Profit	52	–	–	–	–	–	–	–
Margin	22.5%	–	–	–	–	–	–	–

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

Profit and loss

Consolidated, ₹ crore, years to March.OM Infra quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 8 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 9 May	Mar 2024Filed 13 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 13 May
Revenue from operations	283	310	213	187	236	313	799	1,114	713	500
	215	240	173	173	191	268	762	1,025	692	472
Materials and goods bought	92	81	37	46	49	36	423	499	347	213
Employee costs	–	–	25	24	21	25	30	25	42	44
Other expenses	–	–	112	103	121	207	309	500	304	215
Operating profit before depreciation	68	70	39	14	44	45	38	89	20	28
Operating margin	24.0%	22.6%	18.5%	7.7%	18.8%	14.5%	4.7%	8.0%	2.8%	5.6%
Materials, % of revenue	–	–	17.3%	24.7%	20.8%	11.4%	53.0%	44.8%	48.7%	42.6%
Employee costs, % of revenue	–	–	11.7%	12.7%	8.9%	8.1%	3.7%	2.2%	5.9%	8.8%
Other expenses, % of revenue	–	–	52.5%	54.9%	51.5%	66.0%	38.6%	44.9%	42.6%	42.9%
Depreciation and amortisation	13	12	10	9	8	9	7	7	6	5
Operating profit after depreciation	55	58	29	5	36	36	30	83	15	23
Other income	10	11	17	35	14	10	30	39	36	18
Finance costs	38	20	20	25	25	36	28	36	22	19
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	26	50	26	16	24	11	32	86	28	22
	12	18	11	0	13	2	19	39	−8	2
Current tax	10	19	9	4	5	10	5	17	3	4
Deferred tax	2	−2	2	−4	8	−7	14	22	−10	−3
Share of profit of joint ventures and associates	–	–	1	0	0	7	0	0	0	–
Profit from discontinued businesses	–	–	−1	0	−1	11	–	–	–	–
	15	41	16	15	11	26	13	47	36	21
Belonging to the company's shareholders	15	41	18	15	11	26	–	47	36	21
Belonging to outside owners of subsidiaries	–	–	–	0	0	0	–	0	0	0
Other comprehensive income	–	–	2	−8	−1	−1	−2	−2	−2	0
Total comprehensive income	–	–	18	7	10	26	11	46	34	20
Net margin	5.2%	13.3%	7.4%	8.1%	4.6%	–	1.6%	4.2%	5.0%	4.1%
Net margin without joint ventures and associates	–	–	7.1%	8.2%	4.5%	–	1.6%	4.2%	5.0%	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Net margin is left blank for the year to Mar 2022: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin. 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 company's periods around it state no share for other owners for the gap to belong to.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 8 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 9 May	Mar 2024Filed 13 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 13 May
	631	615	624	661	728	769	792	808
	631	614	622	661	683	723	746	762
Share capital	10	10	10	10	10	10	10	10
Reserves	622	604	613	652	673	714	736	753
Belonging to outside owners of subsidiaries	0	2	2	0	46	46	46	46
	83	95	112	114	125	74	71	86
Repayable after a year	31	22	39	50	41	14	4	2
Repayable within a year	52	72	73	64	85	60	67	84
	394	435	454	448	737	616	585	579
Trade payables	57	54	78	111	179	101	124	113
Other financial liabilities	117	23	24	33	23	33	20	22
Other liabilities	167	284	278	235	0	421	373	358
Provisions	1	1	1	4	0	0	1	1
Tax owed	–	0	0	0	449	–	0	2
	72	70	79	90	75	71	47	77
Other financial liabilities	29	2	7	14	11	10	8	30
Other liabilities	–	38	16	17	0	2	0	14
Provisions	0	0	1	1	1	1	1	1
Deferred tax	12	8	16	8	22	44	34	31
	1,096	1,120	1,157	1,199	1,540	1,456	1,423	1,464
Held for sale or for a demerger	–	–	17	–	–	–	–	–
	278	266	247	257	584	598	568	594
Plant in use, after depreciation	80	85	79	88	79	78	72	72
Plant being built	3	5	4	9	11	1	2	2
Intangible assets	0	0	0	0	365	365	365	365
Goodwill	3	5	5	7	4	4	4	4
Property held to earn rent	52	52	52	52	57	57	56	58
Investments	95	77	28	79	45	28	27	44
Stakes in joint ventures and associates	0	0	46	0	–	19	12	12
Loans given	36	22	22	8	10	10	10	10
Other financial assets	8	4	3	4	4	25	7	8
Other assets	2	17	10	11	10	12	12	20
	818	854	892	942	955	858	855	870
Inventories	513	547	594	659	544	457	404	386
Trade receivables	89	98	109	86	242	236	285	310
Cash and cash equivalents	32	7	13	9	31	28	32	22
Other bank balances	32	30	36	35	43	55	53	57
Loans given	83	100	108	108	5	5	0	0
Other financial assets	0	0	1	0	1	40	40	56
Tax paid in advance	7	7	0	6	15	19	25	16
Other assets	62	65	33	38	74	18	16	22
Net debt	19	58	64	70	51	−8	−14	6

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 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 8 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 9 May	Mar 2024Filed 13 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 13 May
	17	14	25	61	6	−4
	−2	24	44	82	14	−11
	−34	−30	−19	−14	−25	−53
Receivables	−10	22	−156	6	−49	−25
Inventories	−47	−65	115	87	53	18
Payables	24	31	68	−78	22	−11
Other working capital	0	−18	−46	−28	−50	−34
Tax paid	−4	−10	−18	−21	−8	6
Interest paid	25	0	0	0	0	0
Capital spending	3	10	371	16	2	7
Free cash flow	14	3	−346	45	4	−11
	15	21	−285	23	43	−19
Plant and property sold	1	0	30	18	15	0
Interest received	2	2	3	23	5	5
Dividends received	0	0	0	0	0	0
	−26	−38	277	−87	−44	13
Borrowings raised	18	2	200	−57	0	16
Borrowings repaid	0	0	0	0	−18	−2
Interest paid	−25	−36	28	−25	−22	−19
Lease payments	0	0	0	0	0	0
Dividends paid	2	4	2	5	5	4
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	6	−4	17	−4	5	−10

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 years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.OM Infra dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 8 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 9 May	Mar 2024Filed 13 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 13 May
Earnings per share	₹1.51	–	₹1.82	–	₹1.07	₹2.69	₹1.10	₹4.74	₹3.54	₹2.14
Diluted earnings per share	₹1.51	–	₹1.82	–	₹1.07	₹2.70	₹1.10	₹4.74	₹3.54	₹2.14
Dividend per share	₹0.20	₹0.35	₹0.25	₹0.20	₹0.40	₹0.25	₹0.50	₹0.50	₹0.40	₹0.50
Book value per share	–	–	₹65.54	₹63.74	₹64.61	₹68.65	₹70.88	₹75.11	₹77.46	₹79.16
Dividend payout	13.2%	8.2%	13.2%	12.6%	35.1%	9.1%	–	10.2%	10.7%	23.4%
Shareholder yield	–	–	–	–	0.9%	1.0%	0.8%	0.4%	0.4%	0.5%
Market cap at the year end (₹ crore)	457	475	326	134	217	398	309	1,227	1,102	776

Earnings per share is left blank for the years to Mar 2018 and Mar 2020: the earnings per share stated does not match any profit the filing states over the shares in issue, and the share count barely moved during the period.

Ratios

Consolidated, years to March.OM Infra PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 8 Jul	Mar 2022Filed 16 Jun	Mar 2023Filed 9 May	Mar 2024Filed 13 Jun	Mar 2025Filed 13 Jun	Mar 2026Filed 13 May
Revenue growth	–	9.6%	−31.3%	−12.1%	26.0%	–	155.3%	39.4%	−36.0%	−29.8%
Operating profit growth	–	3.3%	−43.8%	−63.4%	206.7%	–	−17.1%	137.9%	−77.4%	39.7%
Net profit growth	–	181.6%	−61.4%	−3.8%	−28.1%	–	−51.4%	267.2%	−24.0%	−42.7%
Earnings per share growth	–	–	–	–	–	–	−59.2%	330.5%	−25.3%	−39.5%
	–	–	2.9%	2.4%	1.8%	4.1%	–	6.7%	4.9%	2.7%
	–	–	–	−0.5 pts	−0.7 pts	2.4 pts	–	–	−1.8 pts	−2.2 pts
From the net margin	–	–	–	−0.2 pts	−1.0 pts	–	–	–	1.3 pts	−0.9 pts
From asset turnover	–	–	–	−0.4 pts	0.3 pts	–	–	–	−2.7 pts	−1.2 pts
From borrowing	–	–	–	0.1 pts	0.1 pts	–	–	–	−0.4 pts	−0.1 pts
Return on capital employed	–	–	4.1%	0.7%	4.9%	4.7%	3.6%	9.8%	1.7%	2.6%
Cash conversion	–	–	–	–	155.2%	52.0%	196.7%	129.3%	16.2%	−21.1%
Interest cover	1.5	3.0	1.5	0.2	1.4	1.0	1.1	2.3	0.7	1.2
Debt to equity	–	–	0.13	0.15	0.18	0.17	0.17	0.10	0.09	0.11
Receivable days	–	–	152	191	168	100	110	77	146	226
Inventory days	–	–	5,093	4,316	4,417	6,751	469	334	425	662
Payable days	–	–	570	426	581	1,142	154	74	131	194
Cash conversion cycle, days	–	–	4,674	4,082	4,005	5,709	425	337	440	695
Working capital days	–	–	708	888	718	599	104	72	129	216
Asset turnover	–	–	0.19	0.17	0.21	0.27	0.58	0.74	0.50	0.35
Assets per rupee of net worth	–	–	1.74	1.78	1.84	1.84	2.04	2.13	1.96	1.91
Sales per rupee of plant	–	–	2.67	2.21	3.00	3.55	10.07	14.27	9.87	6.97
Capital spending to depreciation	–	–	–	–	0.35	1.13	51.42	2.45	0.36	1.47
Plant being built, % of plant in use	–	–	3.3%	6.0%	4.8%	10.2%	13.7%	1.3%	2.4%	3.1%

From the net margin, from asset turnover and from borrowing are left blank for the year to Mar 2022: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Mar 2022: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, 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.

Return on assets, latest year: 1.4%
Cash from operations against operating profit: −15.3%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	16.2%	−14.5%
Profit growth, yearly rate	–	13.4%	–
Return on equity, average	–	4.6%	4.8%
Return on capital employed, average	–	4.5%	4.7%
Operating margin, average	12.7%	7.1%	5.5%
Net margin, average	6.0%	3.8%	4.5%
Asset turnover, average	–	0.49	0.53
Cash conversion cycle, days, average	–	1,521	491
Interest cover, average	1.4	1.3	1.4
Debt to equity, average	–	0.13	0.10

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	102	63	−4
Cash from investing	−218	46	−19
Cash from financing	120	−118	13
Capital spending	407	25	7
Dividends paid	20	13	4
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	–	–	16
Borrowings repaid	20	20	2

Accounting checks

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

Check	Mar 2017	Mar 2018	Mar 2019	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	–	–	–	–	7	7	5	9	5	5
Altman Z-scorePublished threshold 1.81	–	–	2.01	1.65	1.79	2.09	1.66	3.00	2.62	2.10
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.21	−2.84	0.65	−2.44	−1.84	−2.21
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−1.81	−0.67	19.88	−2.43	−0.89	3.04
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.12	1.16	0.96	0.60
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	22.85	−15.28	−53.55	25.62	−41.69	56.76	38.59
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−19.18	2.49	38.32	−1,106.32	−33.95	18.97	34.21
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	1.55	−16.52	3.48	5.67	−1.12	0.48	2.68
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.36	1.60	0.48	–	0.18	–	0.52
Effective tax ratePublished threshold 17.16 per cent	44.90	35.48	40.36	0.23	53.81	21.89	59.74	45.04	−26.58	7.12
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−72.74	3.15	20.58	−55.81	−21.20

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
10 Jul 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Long Term Rating	IVR BBB-New, New	Stable	95.96
10 Jul 2026	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Short Term Rating	IVR A3New, New		623
30 Mar 2026	CARE Ratings Limited (opens in a new tab)	Non-fund-based-LT/ST	CARE BB+ / CARE A4+Review, Downgrade	Stable	623
30 Mar 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Term Loan	CARE BB+Review, Downgrade	Stable	10.62
30 Mar 2026	CARE Ratings Limited (opens in a new tab)	Fund-based - LT-Cash Credit	CARE BB+Review, Downgrade	Stable	89

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