---
title: "Teerth Gopicon (23530) — Share Price, Financials & Analysis"
symbol: "23530"
company: "Teerth Gopicon"
canonical: "https://tapetide.com/stocks/23530"
isin: "INE0K6601012"
nse_symbol: "TGL"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 20.1
generated_at: "2026-09-13T18:46:59.868Z"
---

# Teerth Gopicon (23530)

Canonical page: https://tapetide.com/stocks/23530

## Company

- **NSE Symbol:** TGL
- **ISIN:** INE0K6601012
- **Sector:** Construction
- **Industry:** Civil Construction
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-16
- **F&O Eligible:** No

## Latest Price

- **Price:** ₹16.45
- **Change:** -0.3 (-1.79%)
- **Open:** ₹16.45
- **Day High:** ₹16.45
- **Day Low:** ₹16.45
- **Previous Close:** ₹16.75
- **Volume:** 400
- **As Of:** 2026-09-11T08:34:03+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:47.762133Z.

- **Market Cap:** ₹20.1 Cr
- **Classification:** SME
- **P/E (reported):** 1.6
- **Book Value:** ₹63.31
- **Price to Book:** 0.26
- **Dividend Yield:** 0%
- **ROE:** 16.9%
- **ROCE:** 23.18%
- **Debt to Equity:** 0.51
- **Revenue (yearly):** ₹118.5 Cr
- **Net Income:** ₹12.8 Cr
- **EBITDA:** ₹24.9 Cr
- **52-Week High:** ₹83.85
- **52-Week Low:** ₹14.1
- **RSI (14):** 42.97

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 75%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 72.54 | 11.54% |
| growth | 1.1 | 11.54% |
| momentum | 36.82 | 15.38% |
| ownership | 42.49 | 30.77% |
| valuation | 61.23 | 30.77% |

The Tapetide Score is decision-support only, not investment advice.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -652.33% | -207.1% | -289.07% |
| ebitda margin growth | 20.69% | — | — |
| net income growth | 10.34% | 341% | 92% |
| revenue growth | 12.75% | 56% | 53% |
| roce | -63.62% | — | — |
| roe | -71.81% | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 11 | 37 | 68 | 68 | 50 | 1 |
| Expenses | 9 | 32 | 55 | 52 | 42 | 16 |
| Operating Profit | 2 | 5 | 13 | 16 | 9 | -15 |
| OPM % | 18 | 14 | 19 | 24 | 17 | -1775 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 3 |
| Profit before tax | 2 | 5 | 11 | 13 | 5 | -19 |
| Tax % | 28 | 28 | 28 | 27 | 31 | 0 |
| Net Profit | 1 | 3 | 8 | 10 | 3 | -19 |
| EPS in Rs | 2.32 | 6.84 | 10.16 | 7.93 | 2.77 | -15.94 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14 | 46 | 31 | 39 | 105 | 118 | 51 |
| Expenses | 14 | 45 | 30 | 36 | 87 | 94 | 57 |
| Operating Profit | 0 | 1 | 1 | 3 | 18 | 25 | -6 |
| OPM % | 3 | 2 | 2 | 8 | 17 | 21 | -12 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 5 | 5 |
| Profit before tax | 0 | 1 | 0 | 2 | 16 | 18 | -14 |
| Tax % | 0 | 32 | 55 | 29 | 28 | 29 | — |
| Net Profit | 0 | 0 | 0 | 2 | 12 | 13 | -16 |
| EPS in Rs | 4.9 | 0.92 | 0.3 | 3.4 | 14.45 | 10.7 | -13.17 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 5 | 5 | 5 | 8 | 12 | 12 |
| Reserves | 0 | 1 | 1 | 3 | 11 | 64 | 45 |
| Borrowings | 11 | 9 | 14 | 4 | 13 | 39 | 55 |
| Other Liabilities | 10 | 16 | 23 | 35 | 104 | 57 | 74 |
| Total Liabilities | 23 | 31 | 43 | 47 | 136 | 172 | 185 |
| Fixed Assets | 3 | 1 | 1 | 2 | 13 | 24 | 21 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 2 | 2 | 3 | 3 | 1 |
| Other Assets | 20 | 28 | 40 | 44 | 120 | 146 | 163 |
| Total Assets | 23 | 31 | 43 | 47 | 136 | 172 | 185 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0 | -4 | 15 | 4 | -39 |
| Cash from Investing Activity | — | -2 | -1 | -1 | -14 | -15 |
| Cash from Financing Activity | — | 4 | 4 | -12 | 6 | 56 |
| Net Cash Flow | — | 2 | 0 | 3 | -4 | 1 |
| Free Cash Flow | — | 0 | -4 | 16 | -9 | -54 |
| CFO/OP | — | 61 | -519 | 539 | 47 | -138 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 377 | 99 | 238 | 178 | 116 | 85 |
| Inventory Days | 189 | 74 | 110 | 109 | 282 | 275 |
| Days Payable | 371 | 153 | 324 | 142 | 79 | 30 |
| Cash Conversion Cycle | 196 | 20 | 24 | 144 | 319 | 330 |
| Working Capital Days | 247 | 79 | 170 | 28 | 34 | 182 |
| ROCE % | — | 5 | 2 | 16 | 75 | 28 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 96.5% | 64.34% | 64.61% | 64.82% | 63.37% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 30.5% | 31.41% | 32.18% | 34.09% |
| Others | 3.5% | 5.16% | 3.98% | 3% | 2.54% |
| No. of Shareholders | 8 | 1377 | 3774 | 3782 | 4697 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 17.54 | Sell |
| EMA (10) | 17.13 | Sell |
| SMA (20) | 16.86 | Sell |
| EMA (20) | 17.43 | Sell |
| SMA (50) | 18.99 | Sell |
| EMA (50) | 18.76 | Sell |
| SMA (100) | 20.53 | Sell |
| EMA (100) | 23.5 | Sell |
| SMA (200) | 35.94 | Sell |
| EMA (200) | 49.76 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.32 | Neutral |
| MACD (12,26,9) | -0.49 | Buy |
| Stochastic (14,3,3) | 56.99 | Neutral |
| ADX (14) | 14.02 | Neutral |
| Williams %R (14) | -49.46 | Neutral |
| ATR (14) | 0.77 | High Volatility |
| ROC (12) | 11.15 | Buy |
| Stoch RSI (14) | 57.02 | Neutral |
| UO (7,14,28) | 25.71 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 27 February 2026 - RTA certificate confirming Regulation 74(5) compliance for quarter ended 31/12/2025 (ISIN INEOK6601012). | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 27 February 2026 - RTA certificate confirming Regulation 74(5) compliance for quarter ended 31/12/2025 (ISIN INEOK6601012).](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_27022026161230_REGULATION_74_5__FINAL.pdf) |
| 25 June 2026 - Company replied to NSE query on 30.05.2025 results, confirming full IPO fund utilization. | [Reply to Clarification- Financial results 25 June 2026 - Company replied to NSE query on 30.05.2025 results, confirming full IPO fund utilization.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_03072025181950_TGLQueryReplyNSE_Final.pdf) |
| 23 February 2026 - SG Marathe resigned as statutory auditor effective 22-Jan-2026, citing fraudulent bank guarantee news, lost contracts, multiple senior resignations. | [Resignation 23 February 2026 - SG Marathe resigned as statutory auditor effective 22-Jan-2026, citing fraudulent bank guarantee news, lost contracts, multiple senior resignations.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_23022026190938_Disclosure_Samir_Marathe.pdf) |
| 23 February 2026 - Mr Bhavan M. Trivedi resigned as Non-Executive Independent Director effective COB 08 Jan 2026, citing adverse developments. | [Resignation 23 February 2026 - Mr Bhavan M. Trivedi resigned as Non-Executive Independent Director effective COB 08 Jan 2026, citing adverse developments.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_23022026185717_Disclosure_Bhavan.pdf) |
| 23 February 2026 - M.M. Shaikh & Co. resigned as Internal Auditor effective 01 Jan 2026; disclosure delayed. | [Resignation 23 February 2026 - M.M. Shaikh & Co. resigned as Internal Auditor effective 01 Jan 2026; disclosure delayed.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_23022026190644_Disclosure_M_M_Saikh.pdf) |
| 23 February 2026 - Independent Director Rajnibhai Vekariya resigned effective 09 January 2026; reason: other professional commitments. | [Resignation 23 February 2026 - Independent Director Rajnibhai Vekariya resigned effective 09 January 2026; reason: other professional commitments.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_23022026190249_Discloure_Rajani.pdf) |
| 22 April 2026 - RTA issued Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 22 April 2026 - RTA issued Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_22042026124347_Regulation_74_5__TGL_Final.pdf) |
| 2 May 2026 - Trading window closed from 1 April 2026 until 48 hours after FY26 results. | [Trading Window 2 May 2026 - Trading window closed from 1 April 2026 until 48 hours after FY26 results.](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_02052026182918_CTW_Final.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/TGL_13112024185712_IPresentation_NSE.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/TEERTHGOPICON_11062025204734_Transcript_TGL.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28890_TGL_2024_2025_A_3866139_08092025125006.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25539_TGL_2023_2024_03092024154023.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:46:59.868Z.