NSE: EUROPRATIK · BSE: 544519
EURO PRATIK SALES LIMITED
Designs, sources, and distributes decorative wall panels and laminates under the Euro Pratik and Gloirio brands, with 30+ product categories and 3,000+ designs. The 9M FY26 revenue mix was wall panels at 66.5%, laminates at 26.9%, and allied products making up the rest. Production is outsourced to 36+ contract manufacturers in India, South Korea, China and the US, so the company does not own factories but does invest capex of 16.8% of revenue, primarily into warehousing and design infrastructure. Distribution runs through ~190 distributors across 138 cities, 25 states and 6 union territories, supported by 1,84,162 sq ft of warehousing in Bhiwandi, Chennai, Delhi and Bangalore. It holds a 15.87% revenue share of India's organised decorative wall panels market, per Technopak. Growth actions include the December 2025 acquisition of a 51% stake in URO Veneer World (South India B2C), the FY26 acquisition of a 51% stake in Chawla Brothers (North India), and a new Hues Ply Decor JV in Hyderabad. The business runs with a debt-free balance sheet. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wall panels (67%), Laminates (27%), Allied products. Asset-light, distribution-led decorative interior surfaces
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 335 |
| EBITDA (ex other income) | 105 |
| margin % | 31.4 |
| Owners' profit | 77 |
| EPS, as reported (₹) | 7.54 |
| ROE % · ROCE % | 24.1 · 32.1 |
| Debt / equity (x) | 0.04 |
| Cash from operations | 41 |
| Capex | (56) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 65 | 97 | 80 | 93 | 103 |
| Profit before tax | 14 | 30 | 34 | 27 | 26 |
| Net profit | 9 | 23 | 24 | 22 | 20 |
| EPS (₹) | 0.95 | 2.25 | 2.28 | 2.07 | 1.84 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SHEELA FOAM LIMITED | 6,169 | 28.8 | 1.89 | 15.5 | 4.9 | 5.0 | 9.4 | 12.7 |
| WAKEFIT INNOVATIONS LTD | 4,567 | 25.4 | 4.04 | — | 16.7 | 6.8 | — | 17.8 |
| RESPONSIVE INDUSTRIES LTD | 3,946 | 39.0 | 2.53 | 16.4 | 9.5 | 9.2 | 13.0 | 13.1 |
| EURO PRATIK SALES LIMITED ◆ | 1,706 | 19.8 | 5.32 | 15.0 | 24.1 | 31.2 | — | 28.2 |
| STANLEY LIFESTYLES LTD | 728 | 179.3 | 1.54 | 7.4 | 2.8 | 2.3 | — | 23.0 |
| HARDWYN INDIA LIMITED | 446 | 35.1 | 1.10 | 20.7 | 3.3 | 4.6 | — | 13.1 |
| AHLADA ENGINEERS LIMITED | 44 | — | 0.32 | — | 0.1 | 0.2 | — | 13.8 |
| PRITI INTERNATIONAL LTD | 39 | 50.4 | 0.54 | — | 1.2 | 1.7 | — | 8.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.8 | 35.1 | 1 of 7 | 100% |
| P/B | 5.3 | 1.7 | 8 of 8 | 0% |
| ROCE | 31.2 | 4.8 | 1 of 8 | 100% |
| ROE | 24.1 | 4.1 | 1 of 8 | 100% |
| Debt / Equity | 0.0 | 0.0 | 5 of 8 | 43% |
| EBITDA margin | 28.2 | 13.5 | 1 of 8 | 100% |
| Revenue growth | 60.1 | (12.1) | 1 of 7 | 100% |
| Profit growth | 115.7 | (53.6) | 2 of 7 | 83% |
| Market cap | 1706 | 1217 | 4 of 8 | 57% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve audited results for quarter and half year ended September 30, 2026 | results | low | — | — |
| 26 Oct 2026 · Proposed Fabwood acquisition put on hold | strategic transactions | high | — | — |
| 19 Oct 2026 · Reg 74(5) certificate from MUFG Intime for Q2 FY27 received | compliance | minimal | — | — |
| 30 Sept 2026 · Investor call transcript on Fabwood Solutions LLP acquisition | investor communications | medium | — | — |
| 30 Sept 2026 · Trading window closes Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 24 Sept 2026 · Audio Recording of Investor Call on Fabwood Acquisition Uploaded | investor communications | low | — | — |
| 24 Sept 2026 · AGM voting results: all 11 resolutions passed with over 99.99 percent approval | board shareholder meetings | medium | — | — |
| 23 Sept 2026 · Conference call update on FabWood Solutions LLP acquisition | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Acquisition of 56% stake in FabWood Solutions LLP for Rs 42.70 crores | investor communications | medium | — | — |
| 23 Sept 2026 · Euro Pratik to acquire 56% stake in Fab Wood for Rs 42.7 cr | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.