---
title: "Benares Hotels Ltd (509438) — Share Price, Financials & Analysis"
symbol: "509438"
company: "Benares Hotels Ltd"
canonical: "https://tapetide.com/stocks/509438"
isin: "INE664D01019"
nse_symbol: "BENARAS"
bse_code: "509438"
sector: "Leisure Services"
industry: "Hotels & Resorts"
market_cap_cr: 1416.61
generated_at: "2026-09-13T19:21:55.351Z"
---

# Benares Hotels Ltd (509438)

Canonical page: https://tapetide.com/stocks/509438

## Company

- **NSE Symbol:** BENARAS
- **BSE Code:** 509438
- **ISIN:** INE664D01019
- **Sector:** Leisure Services
- **Industry:** Hotels & Resorts
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 1991-05-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** benareshotelslimited.com

## About

Incorporated in 1971, Benares Hotels Limited (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. [1]

## Latest Price

- **Price:** ₹11085
- **Change:** +349 (+3.25%)
- **Open:** ₹10897
- **Day High:** ₹11100
- **Day Low:** ₹10796
- **Previous Close:** ₹10736
- **Volume:** 467
- **As Of:** 2026-09-11T09:57:48+00:00

## Key Fundamentals

Observed at 2026-09-11T04:36:29.544819Z.

- **Market Cap:** ₹1416.61 Cr
- **Classification:** Microcap
- **P/E (reported):** 31.7
- **P/E (TTM):** 32.82
- **EPS (TTM):** ₹337.77
- **Book Value:** ₹1635.61
- **Price to Book:** 6.55
- **Dividend Yield:** 0.23%
- **ROE:** 20.34%
- **ROCE:** 26.23%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹144.9 Cr
- **Net Income:** ₹43.2 Cr
- **EBITDA:** ₹65.4 Cr
- **52-Week High:** ₹11200
- **52-Week Low:** ₹9965
- **RSI (14):** 71.89

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.84 | 9% |
| growth | 39.61 | 9% |
| momentum | 54.1 | 12% |
| ownership | 55.42 | 24% |
| quality | 68.39 | 22% |
| valuation | 31.97 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 59.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 16.44% | 20.2% | 201.24% |
| ebitda margin growth | -40.52% | -1.61% | 2.78% | 53.09% |
| net income growth | -46.1% | 0% | 23% | 59% |
| revenue growth | -29.46% | 2.99% | 14% | 42% |
| roce | — | -18.49% | -22.94% | 26.19% |
| roe | — | -18.77% | 24.16% | 180.17% |

## 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 | 25.9 | 33.61 | 35.58 | 23 | 24.47 | 38.87 | 49.12 | 25.01 | 23.9 | 41.63 | 48.6 | 33.89 |
| Expenses | 15.88 | 17.76 | 19.74 | 14.16 | 14.4 | 20.18 | 27.4 | 14.98 | 15.66 | 22.1 | 26.77 | 21.4 |
| Operating Profit | 10.02 | 15.85 | 15.84 | 8.84 | 10.07 | 18.69 | 21.72 | 10.03 | 8.24 | 19.53 | 21.83 | 12.49 |
| OPM % | 38.69 | 47.16 | 44.52 | 38.43 | 41.15 | 48.08 | 44.22 | 40.1 | 34.48 | 46.91 | 44.92 | 36.85 |
| Other Income | 0.67 | 0.86 | 1.06 | 1.35 | 1.24 | 1.23 | 1.38 | 1.78 | 1.62 | 0.9 | 1.34 | 1.33 |
| Interest | 0.09 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.12 |
| Depreciation | 1.48 | 1.49 | 1.45 | 1.49 | 1.53 | 1.49 | 1.52 | 1.51 | 1.51 | 1.45 | 2.34 | 2.63 |
| Profit before tax | 9.12 | 15.13 | 15.36 | 8.61 | 9.68 | 18.33 | 21.49 | 10.2 | 8.25 | 18.88 | 20.73 | 11.07 |
| Tax % | 25.11 | 25.25 | 24.54 | 25.32 | 25.62 | 26.08 | 25.31 | 25.69 | 26.42 | 24.63 | 25.95 | 25.47 |
| Net Profit | 6.84 | 11.3 | 11.59 | 6.43 | 7.2 | 13.56 | 16.05 | 7.58 | 6.08 | 14.23 | 15.35 | 8.25 |
| EPS in Rs | 52.62 | 86.92 | 89.15 | 49.46 | 55.38 | 104.31 | 123.46 | 58.31 | 46.77 | 109.46 | 118.08 | 63.46 |

### 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 | 47 | 60 | 64 | 24 | 50 | 93 | 121 | 135 | 139 | 148 |
| Expenses | 36 | 42 | 43 | 24 | 35 | 57 | 69 | 76 | 79 | 86 |
| Operating Profit | 11 | 17 | 21 | 0 | 15 | 36 | 51 | 59 | 60 | 62 |
| OPM % | 24 | 29 | 33 | 1.6 | 29 | 39 | 43 | 44 | 43 | 42 |
| Other Income | 1 | 1 | 0 | 1 | 0 | 1 | 3 | 5 | 6 | 5 |
| Interest | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 5 | 6 | 7 | 6 | 6 | 6 | 6 | 7 | 8 |
| Profit before tax | 8 | 12 | 14 | -7 | 8 | 31 | 48 | 58 | 58 | 59 |
| Tax % | 17 | 28 | 21 | -25 | 27 | 25 | 25 | 26 | 26 | — |
| Net Profit | 6 | 9 | 11 | -5 | 6 | 23 | 36 | 43 | 43 | 44 |
| EPS in Rs | 49.85 | 67.08 | 81.62 | -40.23 | 43.46 | 179.85 | 277.23 | 332.69 | 332.62 | 337.77 |
| Dividend Payout % | 30 | 22 | 9 | 0 | 23 | 11 | 9 | 8 | 8 | — |

### 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 60 | 64 | 70 | 77 | 71 | 77 | 98 | 132 | 171 | 211 |
| Borrowings | 0 | 5 | 5 | 9 | 9 | 4 | 4 | 4 | 4 | 4 |
| Other Liabilities | 18 | 19 | 20 | 18 | 10 | 14 | 17 | 19 | 19 | 40 |
| Total Liabilities | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |
| Fixed Assets | 41 | 54 | 81 | 91 | 84 | 78 | 73 | 71 | 70 | 157 |
| CWIP | 4 | 15 | 1 | 0 | 0 | 0 | 1 | 5 | 19 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 34 | 20 | 14 | 14 | 7 | 17 | 47 | 79 | 106 | 99 |
| Total Assets | 79 | 89 | 97 | 105 | 91 | 95 | 120 | 156 | 195 | 257 |

### 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 | 11 | 9 | 16 | 17 | 2 | 16 | 28 | 41 | 42 | 49 |
| Cash from Investing Activity | -12 | -8 | -16 | -13 | -1 | -11 | -17 | -25 | -43 | -59 |
| Cash from Financing Activity | -3 | 3 | -3 | -3 | -2 | -6 | -2 | -3 | -4 | -4 |
| Net Cash Flow | -4 | 3 | -4 | 1 | -1 | 0 | 9 | 12 | -5 | -14 |
| Free Cash Flow | 8 | -19 | -1 | 2 | 1 | 16 | 26 | 29 | 24 | -11 |
| CFO/OP | 97 | 101 | 105 | 93 | 198 | 115 | 98 | 103 | 96 | 103 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 31 | 31 | 27 | 25 | 12 | 10 | 17 | 15 | 11 | 15 |
| Inventory Days | 85 | 92 | 79 | 62 | 109 | — | — | — | — | — |
| Days Payable | 367 | 446 | 429 | 333 | 235 | — | — | — | — | — |
| Cash Conversion Cycle | -251 | -323 | -323 | -246 | -114 | 10 | 17 | 15 | 11 | 15 |
| Working Capital Days | 55 | -76 | -65 | -48 | -112 | -28 | -9 | -8 | 0 | -47 |
| ROCE % | 18 | 12 | 17 | 18 | -7 | 10 | 34 | 41 | 37 | 30 |

## 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 | 62.57% | 62.57% | 62.57% | 62.57% | 61.19% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% | 62.58% |
| FIIs | 0% | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% | 0.01% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.02% | 0.02% | 0.01% | 0.01% | 0.05% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.71% | 29.41% | 29.46% | 29.42% | 32.17% | 30.6% | 30.55% | 30.71% | 30.67% | 30.61% | 30.51% | 30.4% |
| Others | 7.72% | 8.02% | 7.96% | 8% | 6.64% | 6.82% | 6.86% | 6.69% | 6.73% | 6.79% | 6.89% | 6.96% |
| No. of Shareholders | 4997 | 5601 | 6340 | 6581 | 6600 | 6572 | 6607 | 6810 | 6979 | 6737 | 6647 | 6717 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 3 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10379.2 | Buy |
| EMA (10) | 10480.82 | Buy |
| SMA (20) | 10291.15 | Buy |
| EMA (20) | 10361.11 | Buy |
| SMA (50) | 10269.26 | Buy |
| EMA (50) | 10282.74 | Buy |
| SMA (100) | 10240.83 | Buy |
| EMA (100) | 10178.98 | Buy |
| SMA (200) | 9873.82 | Buy |
| EMA (200) | 10068.13 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 78.39 | Sell |
| MACD (12,26,9) | 109.86 | Buy |
| Stochastic (14,3,3) | 82.4 | Sell |
| ADX (14) | 22.05 | Neutral |
| Williams %R (14) | -9.31 | Sell |
| ATR (14) | 273.23 | Neutral |
| ROC (12) | 8.68 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 60.83 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b94126a5-9ed4-4b81-8d62-feb12dbc0555.pdf) |
| 2026-07-23 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b1f9bee-93a6-43f1-9f84-8e537c991a18.pdf) |
| 2026-07-23 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a022e154-3d2e-4730-9642-ed9a6ec6e839.pdf) |
| 2026-07-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d78d9a3-b7d6-4843-a39a-25204c0292e4.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42cb7090-a8a2-44b9-8970-0e7cdd01ddde.pdf) |
| 2026-07-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14.0.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d6983ae-87d7-4b5b-9d84-b62e2e9bf495.pdf) |
| 2026-07-14 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4be35643-bff3-45b9-9d68-00f6c2f16e16.pdf) |
| 2026-07-14 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27321fc1-b3de-4b8e-bada-d70213e18b03.pdf) |
| 2026-07-08 | [Board Meeting Intimation for Adopting The Unaudited Financial Results For The Quarter/Period Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69518585-459f-4881-81f5-1ebca92b9a81.pdf) |
| 2026-07-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a44b344-e395-4d3f-8954-1aaa83519576.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-14 | [Financial Results For Quarter/ Period Ended 30.06.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94e5c283-ac1e-4b0b-b32f-10e6ad01e5f5.pdf) |
| 2026-04-29 | [Financial Results For The Period/ Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90201d7c-5a67-4003-87b9-cc503b7dffc8.pdf) |
| 2026-01-15 | [Results UFR For The Period Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a5ce021-d2b8-4ff2-a7e1-01f27cc6bf19.pdf) |
| 2025-10-16 | [Unaudited Financial Results For The Quarter/Half Year Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c348721-b440-4ef3-a13c-6f43ecfb6b00.pdf) |
| 2025-07-14 | [Financial Results For The Quarter Ended June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06b45bd9-4e09-4044-aa46-81dd9fc0b123.pdf) |
| 2025-04-28 | [Audited Financial Results For The Period/Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67c641a5-106e-46d1-bcd0-bfaa39f6ee5f.pdf) |
| 2025-01-14 | [Financial Results For The Quarter/Period Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04302c15-2482-4566-97f7-897a25e87ab0.pdf) |
| 2024-10-18 | [Financial Results For The Quarter / Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a04b1aa7-163b-43e2-b986-dbb9b81408a0.pdf) |
| 2024-07-15 | [Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1dd0ed91-b9d1-4734-a85f-ba1fd78a80fc.pdf) |
| 2024-04-19 | [Audited Financial Results For The Period Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80128fd7-097a-45cc-bb48-2771ea6fa52e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Listing Obligation and Disclosure Requirements) Regulations 2015, please find enclosed Investor Presentation to be used for the Analysts'/Institutional Investors' Meeting, scheduled to be held virtually … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9h - Listing Obligation and Disclosure Requirements) Regulations 2015, please find enclosed Investor Presentation to be used for the Analysts'/Institutional Investors' Meeting, scheduled to be held virtually …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/657811e8-ecd2-42d0-91db-1f15861276e5.pdf) |
| 6m - Virtual analyst/investor meeting on 11 Mar 2026, 4-5 PM (Arihant Capital Rising Stars). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6m - Virtual analyst/investor meeting on 11 Mar 2026, 4-5 PM (Arihant Capital Rising Stars).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/969bf900-853a-4dab-aa83-e8cdce783a8c.pdf) |
| 6m - Board approved updated Code for Fair Disclosure of UPSI on March 6, 2026; published on website. | [Intimation Under Regulation 8(2) Of The Securities Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015 6m - Board approved updated Code for Fair Disclosure of UPSI on March 6, 2026; published on website.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fa0fa7c-3271-4504-b221-61075a86c2a3.pdf) |
| 5h - FY26 audited results approved; 250% dividend recommended; 100-room Taj Ganges block opened. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 29.04.2026 5h - FY26 audited results approved; 250% dividend recommended; 100-room Taj Ganges block opened.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ed181ea3-1052-44f7-937b-36838660da04.pdf) |
| 4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1bbe7a3-20de-4b15-9fd8-45d15ae188cd.pdf) |
| 4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 4 May - Benares Hotels CFO Veeramani Venkata resigned effective close of business May 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1bbe7a3-20de-4b15-9fd8-45d15ae188cd.pdf) |
| 30 Mar - Newspaper Advertisement - Special window for re-lodgement of transfer request of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Mar - Newspaper Advertisement - Special window for re-lodgement of transfer request of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20ebd086-e76d-4fdc-81f6-00dd1cd246d0.pdf) |
| 30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37528f1c-8581-4ec3-9774-3cf5793c58b8.pdf) |
| 30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Copies of Financial Results for the period / year ended March 31, 2026, as published in the newspapers on April 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/37528f1c-8581-4ec3-9774-3cf5793c58b8.pdf) |
| 2h - Sanjay Rajeshwar Agarwal appointed CEO; registered office shifted to Baghelewala, Kashipur, Uttarakhand, March 6, 2026. | [Announcement under Regulation 30 (LODR)-Meeting Updates 2h - Sanjay Rajeshwar Agarwal appointed CEO; registered office shifted to Baghelewala, Kashipur, Uttarakhand, March 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e370adc6-29a5-41c0-bb39-2c836415141c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/779a91e9-5375-4926-a21b-d8a1c9098194.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/484b2eda-a79c-42ca-8a3e-5847081fd6a1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e76ba7f9-a5a2-4dbd-b7d9-dc9faa9c8c49.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/651cab0a-ab15-4924-8339-cf21163f4558.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/77334509438.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/69419509438.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/65368509438.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/5094380319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/5094380318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/509438/5094380317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/998aa0c1-d6ad-462b-ac39-e87c238a86e0.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d999586-563e-416d-ac84-49421e0b42e7.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d999586-563e-416d-ac84-49421e0b42e7.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 2026-09-13T19:21:55.351Z.