Repro India Ltd(REPRO)

NSE: REPROBSE: 532687

₹ 317.3+5.38%refreshed 27 Oct, 10:26 am ISTMarket cap: ₹ 455 crWebsite: www.reproindialtd.comUpdated: 27 Oct 2026

About

Repro India prints books on behalf of publishers and runs a digital platform where each book is produced only after it has been ordered online, through print-on-demand or shipping from publisher warehouses. Printing of books for publishers made up 99% of turnover in FY25. Reported revenue was Rs 493.98 cr in FY26. The digital business grew to about Rs 394 cr in FY26, and Repro holds a 7% share of Amazon's book marketplace and 8% of Flipkart's.^[1][2][3]

Business verticals

Digital business revenue grew about 11% YoY to Rs 104 cr in Q1 FY27.^[4]
Platform revenue, part of the digital business, grew about 24% YoY to Rs 74 cr in Q1 FY27, an annualised run-rate of Rs 300 cr. Revenue in this vertical has tripled in 4 years.^[4]
Digital business revenue grew about 16% YoY to about Rs 394 cr in FY26, 2.8x over 4 years.^[3]
Digital revenue made up 90% of revenue as of Q2 FY26, after growing 2.5x in 3 years.^[5]
Long-run print revenue was about Rs 13 cr in Q2 FY26, down 43% YoY, because NCERT now bypasses publishers. The FY26 base for this vertical was Rs 104 cr.^[5][3]

Products and model

Printing of books on behalf of publishers accounted for 99% of turnover in FY25.^[1]
Under a 'first sell then produce' model, each book is produced only after it has been ordered online, via print-on-demand or shipped from publisher warehouses.^[1]
In FY25 Repro launched India's first B2B portal that digitises 100% of publisher catalogues through automated ONYX ingestion with AI-enhanced metadata.^[1]
Its product mix includes print on demand, micro POD and import substitution. Gross margin was about 44.5% in Q1 FY27, against about 44% in Q4 FY26.^[4][3]

Operations

As of FY25, Repro operated 4 plants and 2 offices, all in India.^[1]
ISO 9001:2015 certification covers the Lower Parel head office and the plants at Mumbai, Surat and Haryana. Surat is a book printing unit in the Sachin SEZ.^[1]
The Rewari (Haryana) facility is certified for FAMA Disney Products (FY25).^[1]
Localised Micro-POD hubs operate in Bengaluru (FY25). Mini-pods for production have been set up across India (FY24).^[1][6]
A brownfield expansion of print-on-demand capacity raised production capacity by 20% (FY24).^[6]

Key operating numbers

Digital books per day: 43,636 in Q1 FY27, up 3% YoY, against 46,932 in Q4 FY26.^[4][3]
Publishers onboarded: 851 in Q1 FY27, up 17% YoY, against 808 in Q4 FY26.^[4][3]
Direct content titles: 1.22 mn in Q1 FY27, up 21% YoY, against 1.17 million in Q4 FY26.^[4][3]
Repro's sales grew about 32% on Amazon (125 to 165) and about 34% on Flipkart (56 to 75). Both rates were well ahead of the platforms' own estimated growth (FY26).^[3]

Customers and distribution

The platform hosts over 700 publishers, representing 55% of India's GMV in book titles (FY25).^[1]
Repro is the largest bookseller on Flipkart and a Preferred Support Partner of Amazon (FY25). Its marketplace share in 2025 was 7% on Amazon and 8% on Flipkart.^[1][3]
Through its Global Distribution Program with Ingram, over 8 million books are available via more than 45,000 retailers, libraries, schools and distribution partners (FY25).^[1]
Publishers using FSC-certified paper include Penguin Random House India, Bloomsbury, OUP and Harper Collins (FY25).^[1]
Exports were ₹3,376 lakh in FY25: 7% of consolidated turnover and 13% of standalone turnover. Repro serves 28 states, 8 union territories and 10 countries.^[1]

Expansion and plans

Repro plans to open up to 10 sales channels in FY27, including Amazon UAE, CPI x Gardners, Bookvault x Paperback Shop and Walmart US/Canada.^[4]
FY27 capex is guided at Rs 10-15 cr, and no capex was spent in Q1 FY27. All tech investment will now be expensed instead of capitalised.^[4]
Earlier partnerships with Meesho, Amazon UAE and Noon Dubai extended its reach (FY25).^[1]

Recent developments

On 06 Oct 2026, Repro Books Limited completed the acquisition of 100% of Repro LLC, which became a subsidiary.^[7]
CFO Abhinav Vohra resigned with effect from December 31, 2026, to focus on a startup venture (filed 28 Sep 2026).^[8]
The Mahape property (14,093 sq.mtrs) was sold to STT GDC for Rs 282 cr before tax, with proceeds received on May 22. This gave an exceptional gain of about Rs 167 cr in Q1 FY27.^[9][3][4]
As of Q1 FY27 the company is debt free with a Rs 70 cr cash surplus.^[4]
An industrial dispute at Mahape was settled in Q2 FY26 at an exceptional cost of about Rs 18 cr.^[5]

Market Cap

₹455 Cr

High / Low

₹596 / 274

Stock P/E

4.1

Price / Book

1.1

Book Value

₹244

EPS

₹-23.2

No. of Shares

1.43 Cr

ROCE

1.3%

ROE

-9.1%

OPM

1.3%

Debt / Equity

0.47

Sales

₹494 Cr

Net Profit

₹-33 Cr

Promoter holding

47.5%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials