---
title: "Desi Farms India Limited (507984) — Share Price, Financials & Analysis"
symbol: "507984"
company: "Desi Farms India Limited"
canonical: "https://tapetide.com/stocks/507984"
isin: "INE358F01013"
nse_symbol: "SERINDUSTRIESLTD"
bse_code: "507984"
sector: "Services"
industry: "Transport Services"
market_cap_cr: 59.9
generated_at: "2026-09-13T19:40:45.863Z"
---

# Desi Farms India Limited (507984)

Canonical page: https://tapetide.com/stocks/507984

## Company

- **NSE Symbol:** SERINDUSTRIESLTD
- **BSE Code:** 507984
- **ISIN:** INE358F01013
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** serindustries.co.in

## About

Incorporated in 1963, Desi Farms India Ltd is into transport & logistics and dairy/food products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:33:51.270494Z.

- **Market Cap:** ₹59.9 Cr
- **Classification:** Microcap
- **P/E (reported):** -234.5
- **EPS (TTM):** ₹-2.63
- **Book Value:** ₹0.4
- **Price to Book:** 1497.5
- **Dividend Yield:** 0%
- **ROE:** -873.67%
- **ROCE:** -124.21%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0.55 Cr
- **Net Income:** ₹0.01 Cr
- **EBITDA:** ₹-0.29 Cr
- **52-Week High:** ₹793.05
- **52-Week Low:** ₹218.1

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 1,497 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -66.7% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -114.29% | -76.47% | -500% |
| ebitda margin growth | 75% | -55.5% | -91.12% | -93.18% |
| net income growth | 75% | -102.5% | -110% | -105% |
| revenue growth | -100% | 10% | — | 123% |
| roce | — | 375.9% | 366.25% | -44.4% |
| roe | — | — | -309.06% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0.01 | 0 | 0 | 0.15 | 0.32 | 0.31 | 0.03 | 0.1 | 0.11 | 0 |
| Expenses | 0.02 | 0.05 | 0.06 | 0.04 | 0.15 | 0.06 | 0.51 | 0.13 | 0.04 | 0.06 | 0.59 | 0.09 |
| Operating Profit | -0.02 | -0.05 | -0.05 | -0.04 | -0.15 | 0.09 | -0.19 | 0.18 | -0.01 | 0.04 | -0.48 | -0.09 |
| OPM % | — | — | -500 | — | — | 60 | -59.38 | 58.06 | -33.33 | 40 | -436.36 | — |
| Other Income | 0 | 0.02 | 0.01 | 0 | 0.01 | 0.02 | 0.01 | 0 | 0.01 | 0.23 | 0.09 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.02 | -0.03 | -0.04 | -0.04 | -0.14 | 0.11 | -0.19 | 0.18 | 0 | 0.27 | -0.39 | -0.09 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 12.82 | 0 |
| Net Profit | -0.02 | -0.03 | -0.05 | -0.04 | -0.14 | 0.11 | -0.19 | 0.18 | 0 | 0.27 | -0.44 | -0.09 |
| EPS in Rs | -0.2 | -0.3 | -0.51 | -0.4 | -1.41 | 1.11 | -1.92 | 1.82 | 0 | 2.73 | -4.45 | -0.91 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.06 | 0.04 | 0 | 0.01 | 0 | 0 | 0 | 0.47 | 0.55 | 0.24 |
| Expenses | 0.23 | 0.41 | 0.21 | 0.16 | 0.15 | 0.17 | 0.14 | 0.87 | 0.84 | 0.78 |
| Operating Profit | -0.17 | -0.37 | -0.21 | -0.15 | -0.15 | -0.17 | -0.14 | -0.4 | -0.29 | -0.54 |
| OPM % | -283.33 | -925 | — | -1500 | -1500 | -1700 | -1400 | -85.11 | -52.73 | -225 |
| Other Income | 0.02 | 0.03 | 0.33 | 0.04 | 0.02 | 0.02 | 0.03 | 0.03 | 0.33 | 0.33 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0.1 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.15 | -0.34 | 0.02 | -0.22 | -0.13 | -0.15 | -0.11 | -0.37 | 0.04 | -0.21 |
| Tax % | 0 | 0 | -50 | -9.09 | 7.69 | -6.67 | 0 | 5.41 | 125 | — |
| Net Profit | -0.15 | -0.34 | 0.03 | -0.2 | -0.15 | -0.14 | -0.12 | -0.39 | 0 | -0.26 |
| EPS in Rs | -1.52 | -3.44 | 0.3 | -2.02 | -1.52 | -1.41 | -1.21 | -3.94 | 0 | -2.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Reserves | 0.11 | 0.36 | 0.02 | 0.05 | -0.15 | -0.3 | -0.44 | -0.56 | -0.95 | -0.95 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.44 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.27 | 0.68 |
| Total Liabilities | 1.54 | 1.39 | 1.04 | 1.07 | 0.87 | 0.72 | 0.58 | 0.46 | 0.31 | 0.72 |
| Fixed Assets | 0.07 | 0.06 | 0.06 | 0.19 | 0.08 | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0 |
| Other Assets | 1.47 | 1.33 | 0.98 | 0.72 | 0.63 | 0.49 | 0.35 | 0.24 | 0.1 | 0.67 |
| Total Assets | 1.54 | 1.39 | 1.04 | 1.07 | 0.87 | 0.72 | 0.58 | 0.46 | 0.31 | 0.72 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.07 | -0.07 | -0.28 | -0.21 | -0.05 | -0.06 | -0.17 | -0.14 | -0.3 | -0.02 |
| Cash from Investing Activity | 0.17 | -0.01 | 0.06 | -0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.4 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.23 | -0.23 |
| Net Cash Flow | 0.1 | -0.08 | -0.22 | -0.26 | -0.02 | -0.03 | -0.15 | -0.12 | -0.03 | 0.15 |
| Free Cash Flow | -0.07 | -0.07 | -0.28 | -0.14 | -0.05 | -0.06 | -0.17 | -0.14 | -0.29 | -0.02 |
| CFO/OP | 47 | 41 | 76 | 100 | 33 | 40 | 100 | 100 | 75 | -3 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2920 | 60.83 | 0 | — | 0 | — | — | — | 0 | 26.55 |
| Cash Conversion Cycle | 2920 | 60.83 | 0 | — | 0 | — | — | — | 0 | 26.55 |
| Working Capital Days | -1825 | 1581.67 | 1642.5 | — | 3285 | — | — | — | 0 | -132.73 |
| ROCE % | -2.68 | -12.24 | -28.81 | 1.95 | -23.4 | -16.99 | -24.19 | -22.45 | -157.45 | 100 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% | 55.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.71% | 0.75% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 43.73% | 43.73% | 43.73% | 43.73% | 43.73% | 43.73% | 43.74% | 43.41% | 42.71% | 43.77% | 43.14% | 42.73% |
| Others | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.96% | 1.3% | 2% | 0.93% | 0.86% | 1.22% |
| No. of Shareholders | 3189 | 3189 | 3189 | 3189 | 3189 | 3188 | 3188 | 3168 | 3178 | 3207 | 3214 | 3219 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 7 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 651.95 | Buy |
| EMA (10) | 695.02 | Sell |
| SMA (20) | 1007.8 | Sell |
| EMA (20) | 777.16 | Sell |
| SMA (50) | 821.58 | Sell |
| EMA (50) | 773.99 | Sell |
| SMA (100) | 600.59 | Buy |
| EMA (100) | 638.07 | Buy |
| SMA (200) | 350.66 | Buy |
| EMA (200) | 455.15 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.96 | Neutral |
| MACD (12,26,9) | -82.65 | Sell |
| Stochastic (14,3,3) | 66.12 | Neutral |
| ADX (14) | 20.31 | Neutral |
| Williams %R (14) | -50.12 | Neutral |
| ATR (14) | 277.49 | High Volatility |
| ROC (12) | -2.14 | Sell |
| Stoch RSI (14) | 44.07 | Neutral |
| UO (7,14,28) | 50.37 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Intimation Of Change In Website Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f01d59a9-bf39-4504-b930-d940b7f5d39c.pdf) |
| 2026-09-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=879adb5d-a3db-4dd5-a9c4-6fd454d832fd.pdf) |
| 2026-09-05 | [Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On 05Th September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d0520ed-c710-47c9-802b-d395807e199d.pdf) |
| 2026-09-05 | [Notice Of 63Rd Annual General Meeting Of The Company Scheduled To Be Held On Wednesday September 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd0b75ec-64b0-4a54-8cb4-e766eb0529fb.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=370705cb-20dd-4359-a733-176bb60a0324.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e2cbeae-1975-4a1a-a1b0-428566ba582e.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=938f9c89-2c46-462a-b4af-995784096ddb.pdf) |
| 2026-08-05 | [Reconstitution Of Committees](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9fe16fd-5737-4915-92c9-98fec4c2eef1.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 05Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5afb55f4-bc4f-404d-9473-e324935108cf.pdf) |
| 2026-08-01 | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d42a94b4-563f-4345-8ba7-5e4a6c0b714d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-05 | [Unaudited Financial Results For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a53db67-2c7a-4ecc-884c-27b4aa9472c6.pdf) |
| 2026-07-03 | [Audited Financial Results For The Quarter And Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd1418a9-cf10-4217-8b1e-9fc08224cf89.pdf) |
| 2026-02-14 | [Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98657cf5-d5e5-460c-b7de-2d24d56d5c61.pdf) |
| 2025-11-07 | [Results - Financial Results For The Quater And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31d5955b-d753-4831-9195-7f1732f8cee6.pdf) |
| 2025-07-15 | [SER Q1 Un-Audited Financial Result 30062025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=453af084-4b8f-4744-92db-22ff3c0d4764.pdf) |
| 2025-07-08 | [SER Q1 Un-Audited Financial Result 30062025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae811c02-dcb6-4db3-9e30-03b5e6ed8aec.pdf) |
| 2025-06-02 | [Audited Report Q4 Audited Financial Result 31032025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58e10f5c-a8bc-42af-bd77-31d9f0627687.pdf) |
| 2025-05-16 | [Q4 Audited Financial Result 31032025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d019b39b-e227-4e53-93db-37a02494b4d7.pdf) |
| 2025-01-31 | [Q3 Un-Audited Financial Result 31122024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8415a808-4aaf-4078-a61e-ab41f0d01b42.pdf) |
| 2024-12-17 | [Auditors Report On Results For March 2024 Quarter And Year](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5277b5be-7308-4eb7-80ea-29d4296737e5.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Jan - Submission of certification Under Regulation 74(5) of SEBI ( Depositories and Participants) Regulations, 2018 for Quarter ended on 31st December, 2025 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan - Submission of certification Under Regulation 74(5) of SEBI ( Depositories and Participants) Regulations, 2018 for Quarter ended on 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/87a2a876-0803-4881-91dd-10210f97ac80.pdf) |
| 4 Apr - Submission of Newspaper Advertisement regarding claim for transfer of shares pursuant to SEBI Circular. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Apr - Submission of Newspaper Advertisement regarding claim for transfer of shares pursuant to SEBI Circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/125f22f4-cd6c-49c1-b793-94211f5d244d.pdf) |
| 30 Apr - Company reports non-applicability as Large Corporate for FY ended 31 March 2026; outstanding borrowing nil. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company reports non-applicability as Large Corporate for FY ended 31 March 2026; outstanding borrowing nil.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33887431-6cd6-40fe-8690-b2afebbbb4bf.pdf) |
| 30 Apr - Company reports non-applicability as Large Corporate for FY ended 31 March 2026; outstanding borrowing nil. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company reports non-applicability as Large Corporate for FY ended 31 March 2026; outstanding borrowing nil.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/33887431-6cd6-40fe-8690-b2afebbbb4bf.pdf) |
| 2h - Newspaper Publication regarding dispatch of Corrigendum to Notice of Extra Ordinary General Meeting is attached. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 2h - Newspaper Publication regarding dispatch of Corrigendum to Notice of Extra Ordinary General Meeting is attached.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b5aebdd-cc11-4772-b99d-59801b1d51e8.pdf) |
| 27 Jan - EGM on 18 Feb 2026 at 03:00 PM via VC/OAVM; notice approved. | [Announcement Under Regulation 30 (LODR) 27 Jan - EGM on 18 Feb 2026 at 03:00 PM via VC/OAVM; notice approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8468bba1-389d-4aca-b9a7-e1f22431a4f1.pdf) |
| 27 Jan - EGM 18 Feb 2026 to appoint M/s. Alvi & Associates as statutory auditor for FY2025-26 after resignation. | [Notice Of Extra Ordinary General Meeting 27 Jan - EGM 18 Feb 2026 to appoint M/s. Alvi & Associates as statutory auditor for FY2025-26 after resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9493a120-1202-4915-a221-6bb46e313d95.pdf) |
| 27 Jan - Board approved notice; EGM on 18 Feb 2026 at 03:00 PM via VC/OAVM. | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 27Th January, 2026 27 Jan - Board approved notice; EGM on 18 Feb 2026 at 03:00 PM via VC/OAVM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51a66e81-d8b1-45b8-84d5-97de42bcac72.pdf) |
| 25 Nov 2025 - Alvi & Associates appointed statutory auditor for FY2025-26 (subject to member approval); Zuned Lakhani appointed CFO effective 25 Nov 2025. | [Announcement under Regulation 30 (LODR)-Change in Directorate 25 Nov 2025 - Alvi & Associates appointed statutory auditor for FY2025-26 (subject to member approval); Zuned Lakhani appointed CFO effective 25 Nov 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc9e8613-b220-46b5-a2c6-33e0688e5e8a.pdf) |
| 22 Apr - SER Industries renamed Desi Farms India Limited; scrip ID DESIFARMS effective April 27, 2026. | [Announcement under Regulation 30 (LODR)-Change of Company Name 22 Apr - SER Industries renamed Desi Farms India Limited; scrip ID DESIFARMS effective April 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/711a02f9-7fa8-489c-8c4f-164c8539ea59.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0320771-7bff-4e10-a3c4-6b1ac8012d47.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/126cfc08-c6aa-41bf-b702-6d52c1d68aa7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/74886507984.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/69634507984.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/68335507984.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/5079840319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2018/SER_INDS_LTD-507984-MARCH-2018.PDF) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/5079840317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/507984/5079840316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/SER_INDS_LTD-507984-MARCH-2015.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 2026-09-13T19:40:45.863Z.