Ester Industries share price today

Ester Industries Ltd's share price was ₹88.56 at the close on 4 November 2026. It has been falling for 84 weeks. That is 6.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹78 and ₹111, and at that close it sat 33% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ester Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 6 weeks in a row.

Over the last 11 years the share price moved +42% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: highest quarterly revenue in 15 quarters and operating margin up 5 points on a year earlier.

1. Highest quarterly revenue in 15 quarters

   Revenue of ₹432 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Revenue hit a record because the film business sold more film.

   Next results: check whether the film recovery still comes from selling more higher-value products and running plants fuller.

   From the earnings call on 18 Aug 2026.

2. Operating margin up 5 points on a year earlier

   11% in the June 2026 quarter, from 6%.

   Why: Margins rose because the film business got better prices and sold more higher-value products, and its plants ran closer to full.

   Next results: check whether the film margin stays steady as new BOPET lines start up over the next one and a half to two years.

   From the earnings call on 18 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Ester Industries reported revenue of ₹432 crore, up 27.8% from ₹338 crore a year earlier, and a profit of ₹19.0 crore, against a loss of ₹7.00 crore a year earlier.

Ester Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ester Industries' management discussed these results on a call held on 18 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Ester Industries closed at ₹88.56 on 4 November 2026, down 16.8% from ₹106.46 a year earlier (7 November 2025) and down 36.8% over five years. Its highest weekly close since March 2016 was ₹181.10 on 7 October 2022.

Ester Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Ester Industries closed at ₹88.56, up 0.2% on the week and down 7.3% on the month. 17 Sep 2026: ex-date for a dividend of ₹0.25 a share.

Earlier

• 18 Aug 2026: Ester Industries held its results call for April to June 2026. Management guided: Consolidated revenue planned at ₹2,000-2,200 crore within 2-3 years, with film VAP share up to 35% by FY27 year-end and 50-60% over that period.
• Results for April to June 2026: Revenue up 27.8% on a year earlier.

Ester Industries paid ₹0.25 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.28% at the ₹88.56 close on 4 November 2026. The last was a dividend of ₹0.25 a share, ex-date 17 September 2026.

Ester Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Ester Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 18 August 2026, Ester Industries' management guided: Consolidated revenue planned at ₹2,000-2,200 crore within 2-3 years, with film VAP share up to 35% by FY27 year-end and 50-60% over that period.

“As I told you, we are very positive that the global and domestic supply-demand balance is going to hold for the next 6-8 quarters. I think that is going to give us some respite and keep margins steady.”Vaibhav Jha, on the call for April to June 2026

What management guided

• Specialty Polymer revenue planned at 20% yearly growth over 3-5 years; FY27 revenue at least flat to single-digit growth, with margin matching last year's level and potentially improving.
• RPET production to exceed rated capacity by FY27 exit; external sales expected to become more visible in October-December after temporary internal demand pressure.
• ELITe facility planned for operations in CY2028; global sports-brand LOI covers potential offtake up to 15,000 metric tonnes per year.
• FY27 gross debt repayment around ₹100 crore, taking gross debt to ₹620 crore by year-end; standalone capital spending limited to sustenance and maintenance, excluding ELITe.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 18 August 2026.

When Ester Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Film VAP mix and capacity utilization - check whether the recovery remains mix-led in the next print.

Ester Industries is on one of our India lists: Penny stocks.

Ester Industries Ltd earned ₹19.0 Cr of net profit in the Jun 2026 quarter. The full FY26 year was a loss of ₹27.0 Cr. That is 4.4% of the quarter's revenue. The same quarter a year earlier lost ₹7.0 Cr. 7 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was −₹27.0 Cr (−292.9% on the year before).

On average over the last four quarters, profit changed −160.4% and revenue +10.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Ester Industries Ltd reported ₹432 Cr of revenue in the Jun 2026 quarter, +27.8% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 14 years it has grown 5.0% a year on average. The last full year, FY26, came in at ₹1,375 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,469 Cr.

FY26 revenue was ₹1,375 Cr, +7.3% on the year before.

Recent pace: the last four quarters grew +10.1% on average, against 5.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.1%, against +16.0% a year over the last 8 quarters (rolling over).

Ester Industries Ltd's operating margin was 11.0% in the Jun 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −2.1% and 33.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +5.4 percentage points on the year while gross margin changed −1.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 81% of Ester Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹89.0 Cr of operating cash against −₹27.0 Cr of profit. After ₹68.0 Cr of spending on assets, ₹21.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 81% of profit came in as cash: the cash cycle got 18 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Ester Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 108 days in FY26, down from 126 days in FY21. It spent ₹163 Cr on assets over the last 3 years. Customers take 49 days to pay, and stock sits for 86 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,375 Cr, each day of that cycle ties up about ₹3.8 Cr, so roughly ₹407 Cr is tied up in the business at any time.

FY26: customers took 49 days to pay and stock sat for 86 days, about 2.8 months of sales sitting as stock, for a full cycle of 108 days, shorter than FY21's 126.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 86 days. Customers pay about 49 days after that. Suppliers are paid at 27 days. Together that makes the 108-day cycle.

Spending on assets: ₹163 Cr over the last 3 years, against ₹207 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹36.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Ester Industries Ltd's P/E is 241.4×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 67.6×, over 9.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.