---
title: "Veritas (India) Ltd (512229) — Share Price, Financials & Analysis"
symbol: "512229"
company: "Veritas (India) Ltd"
canonical: "https://tapetide.com/stocks/512229"
isin: "INE379J01029"
nse_symbol: "VERITASINDIALTD"
bse_code: "512229"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 445.02
generated_at: "2026-09-13T18:37:04.980Z"
---

# Veritas (India) Ltd (512229)

Canonical page: https://tapetide.com/stocks/512229

## Company

- **NSE Symbol:** VERITASINDIALTD
- **BSE Code:** 512229
- **ISIN:** INE379J01029
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** veritasindia.net

## About

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing
& Warehousing.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:52:34.629944Z.

- **Market Cap:** ₹445.02 Cr
- **Classification:** Microcap
- **P/E (reported):** -575.9
- **EPS (TTM):** ₹-0.29
- **EPS (reported):** ₹78.25
- **Book Value:** ₹1068.34
- **Price to Book:** 0.16
- **Dividend Yield:** 0.03%
- **ROE:** 0.69%
- **ROCE:** 1.47%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹3115.4 Cr
- **Net Income:** ₹19.7 Cr
- **EBITDA:** ₹88.2 Cr
- **52-Week High:** ₹373.5
- **52-Week Low:** ₹132.2
- **RSI (14):** 44.79

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 35.59 | 9% |
| growth | 33.75 | 9% |
| momentum | 58.67 | 12% |
| ownership | 50 | 24% |
| quality | 39.44 | 22% |
| valuation | 47.49 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.15 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 4.13% over last 3 years.
- Contingent liabilities of Rs.481 Cr.
- Dividend payout has been low at 0.29% of profits over last 3 years
- Company has high debtors of 246 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -662.71% | -516.91% | -292.62% |
| ebitda margin growth | 134.09% | -40.04% | -57.7% | -61.55% |
| net income growth | 123.27% | -82.66% | -41% | -29% |
| revenue growth | 68.97% | -24.09% | 13% | 11% |
| roce | -660.23% | -71.95% | -74.66% | 4.16% |
| roe | -122.98% | -83.8% | 4.13% | -86.09% |

## 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 | 940.87 | 1323.9 | 1094.54 | 755.52 | 915.51 | 1642.46 | 784.62 | 586.66 | 1006.4 | 987.83 | 531.74 | 897.52 |
| Expenses | 884.01 | 1268.82 | 1043.93 | 691.2 | 867.38 | 1592.18 | 759.81 | 550.8 | 990.77 | 963 | 522.65 | 877.44 |
| Operating Profit | 56.86 | 55.08 | 50.61 | 64.32 | 48.13 | 50.28 | 24.81 | 35.86 | 15.63 | 24.83 | 9.09 | 20.08 |
| OPM % | 6.04 | 4.16 | 4.62 | 8.51 | 5.26 | 3.06 | 3.16 | 6.11 | 1.55 | 2.51 | 1.71 | 2.24 |
| Other Income | 0.25 | 56.04 | 0.35 | 0.54 | 13.01 | 3.12 | -10.67 | 2.78 | -0.33 | 0.57 | -0.28 | 0.53 |
| Interest | 6.33 | 5.85 | 10.58 | 7.59 | 14.05 | 13.16 | 5.41 | 4.57 | 4.39 | 3.23 | 15 | 5.97 |
| Depreciation | 8.91 | 8.96 | 15.89 | 9.43 | 10.1 | 9.95 | 9.94 | 9.97 | 10.31 | 10.52 | 10.52 | 11.03 |
| Profit before tax | 41.87 | 96.31 | 24.49 | 47.84 | 36.99 | 30.29 | -1.21 | 24.1 | 0.6 | 11.65 | -16.71 | 3.61 |
| Tax % | 0.62 | 0.53 | 0.73 | -0.48 | 0.92 | 1.22 | -9.09 | -0.21 | 0 | 6.52 | -4.67 | -1.39 |
| Net Profit | 41.61 | 95.8 | 24.3 | 48.07 | 36.66 | 29.93 | -1.1 | 24.15 | 0.6 | 10.88 | -15.93 | 3.66 |
| EPS in Rs | 15.52 | 35.73 | 9.06 | 17.93 | 13.67 | 11.16 | -0.41 | 9.01 | 0.22 | 4.06 | -5.94 | 1.37 |

### 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 | 1679 | 1876 | 2037 | 1876 | 2131 | 2163 | 3855 | 4098 | 3113 | 3423 |
| Expenses | 1601 | 1765 | 1899 | 1714 | 1975 | 2021 | 3651 | 3911 | 3027 | 3354 |
| Operating Profit | 78 | 110 | 138 | 163 | 157 | 142 | 204 | 188 | 85 | 70 |
| OPM % | 4.7 | 6 | 7 | 9 | 7 | 7 | 5 | 4.6 | 2.7 | 2 |
| Other Income | 1 | 12 | 49 | 4 | 0 | 5 | 58 | 6 | 3 | 0 |
| Interest | 7 | 51 | 35 | 24 | 19 | 17 | 31 | 40 | 27 | 29 |
| Depreciation | 1 | 25 | 30 | 32 | 32 | 34 | 43 | 39 | 41 | 42 |
| Profit before tax | 71 | 46 | 122 | 111 | 106 | 96 | 188 | 114 | 20 | -1 |
| Tax % | 5 | 6 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | — |
| Net Profit | 68 | 44 | 122 | 109 | 105 | 95 | 187 | 114 | 20 | -1 |
| EPS in Rs | 25.27 | 16.23 | 45.61 | 40.82 | 39.05 | 35.36 | 69.69 | 42.36 | 7.35 | -0.29 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |

### 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 1177 | 1244 | 1694 | 1886 | 1971 | 2108 | 2301 | 2507 | 2663 | 2862 |
| Borrowings | 644 | 969 | 495 | 487 | 389 | 268 | 232 | 327 | 198 | 438 |
| Other Liabilities | 383 | 720 | 786 | 919 | 923 | 1623 | 1586 | 1346 | 973 | 1413 |
| Total Liabilities | 2207 | 2936 | 2978 | 3295 | 3286 | 4001 | 4121 | 4183 | 3837 | 4716 |
| Fixed Assets | 858 | 858 | 1896 | 2038 | 1982 | 1984 | 2053 | 2052 | 2033 | 2114 |
| CWIP | 730 | 1316 | 331 | 334 | 339 | 342 | 344 | 349 | 349 | 349 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 10 | 2 | 1 |
| Other Assets | 618 | 761 | 751 | 922 | 964 | 1674 | 1715 | 1772 | 1454 | 2251 |
| Total Assets | 2207 | 2936 | 2978 | 3295 | 3286 | 4001 | 4121 | 4183 | 3837 | 4716 |

### 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 | 80 | 279 | 225 | 145 | 144 | 121 | 81 | 56 | 41 | -233 |
| Cash from Investing Activity | -346 | -587 | -77 | -71 | -10 | 27 | -3 | -32 | 19 | -1 |
| Cash from Financing Activity | 228 | 317 | -133 | -87 | -130 | -148 | -76 | -13 | -39 | 210 |
| Net Cash Flow | -38 | 9 | 15 | -12 | 4 | 0 | 1 | 11 | 21 | -23 |
| Free Cash Flow | -266 | -309 | 148 | 57 | 134 | 119 | 84 | 25 | 53 | -233 |
| CFO/OP | 101 | 359 | 208 | 107 | 89 | 78 | 58 | 28 | 23 | -271 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 113 | 145 | 105 | 155 | 178 | 269 | 278 | 157 | 114 | 246 |
| Inventory Days | 8 | 3 | 25 | 0 | 0 | 15 | 8 | 4 | 4 | 5 |
| Days Payable | 31 | 58 | 84 | 103 | 70 | 197 | 156 | 15 | 66 | 141 |
| Cash Conversion Cycle | 90 | 90 | 46 | 52 | 108 | 88 | 130 | 146 | 53 | 110 |
| Working Capital Days | 61 | -26 | 17 | 39 | 82 | 70 | 100 | 123 | 42 | 77 |
| ROCE % | 5 | 4 | 4 | 7 | 6 | 5 | 5 | 8 | 5 | 2 |

## 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 | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% | 55.01% |
| FIIs | 9.91% | 9.73% | 9.71% | 9.71% | 9.71% | 9.7% | 9.7% | 9.7% | 9.7% | 9.7% | 9.7% | 9.7% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0.14% | 0.14% | 0.14% | 0.14% | 0.12% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 12.69% | 13.01% | 12.93% | 13.14% | 13.19% | 13.4% | 13.28% | 13.97% | 14.21% | 14.48% | 15% | 15.65% |
| Others | 22.39% | 22.25% | 22.35% | 22.14% | 22.09% | 21.75% | 21.87% | 21.18% | 20.95% | 20.69% | 20.29% | 19.64% |
| No. of Shareholders | 3069 | 3142 | 3248 | 3948 | 4664 | 5666 | 6420 | 6829 | 6563 | 6724 | 6683 | 6631 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 162.71 | Buy |
| EMA (10) | 163.89 | Buy |
| SMA (20) | 164.7 | Sell |
| EMA (20) | 165.03 | Sell |
| SMA (50) | 170.63 | Sell |
| EMA (50) | 167.89 | Sell |
| SMA (100) | 170.69 | Sell |
| EMA (100) | 172.19 | Sell |
| SMA (200) | 172.62 | Sell |
| EMA (200) | 200.47 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.63 | Neutral |
| MACD (12,26,9) | -1.81 | Buy |
| Stochastic (14,3,3) | 73.42 | Neutral |
| ADX (14) | 17.35 | Neutral |
| Williams %R (14) | -32.16 | Neutral |
| ATR (14) | 4.63 | Neutral |
| ROC (12) | -1.23 | Sell |
| Stoch RSI (14) | 77.1 | Neutral |
| UO (7,14,28) | 52.25 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Shareholder Meeting - Proceedings Of The 41St AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42b64e09-7bee-4a03-b127-6cf60906fe22.pdf) |
| 2026-09-03 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3abe68ac-0d66-4406-9df2-e0fbddba0a79.pdf) |
| 2026-09-03 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81180241-4498-48da-b77a-f056fab03824.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da773366-56f8-4f66-a1b2-a0143641b573.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e9f0451-4d0b-4ae9-836e-2d46128e6335.pdf) |
| 2026-08-13 | [Announcement Under Regulation 30 (LODR) - Physical Letter To Shareholders](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8dc7b06e-0924-42f2-84ea-031746285c5e.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46bc837c-3445-4289-a0ff-a2346ba1b61c.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 12 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61dc6fe3-2d23-4b48-b4e2-af5ae84cb75a.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Restructuring](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5da97efe-47de-46f0-9e8c-1633c2fe531e.pdf) |
| 2026-08-12 | [Shareholder Meeting - AGM On September 03 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e825135-6da8-46be-a106-9f49e720709f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results-Financial Results For June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=300c43f9-4a99-4580-9043-52f48689ed90.pdf) |
| 2026-05-28 | [Results-Financial Results For March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4a2cf5f-174f-438e-b4fe-b74e6e2f848a.pdf) |
| 2026-02-05 | [Results-Financial Results For December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8822c41-e01a-4ca5-ae3b-7b44503dc17b.pdf) |
| 2025-11-14 | [Results - Financial Results For September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1ffe34b-a14d-4078-b46f-0019d2fd8935.pdf) |
| 2025-08-13 | [Financial Results (Standalone And Consolidated) For The Quarter Ended 30/06/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a15f301-b8ad-42e6-9098-f0cfd12236c7.pdf) |
| 2025-05-29 | [Result For Mar 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f5393fb-e283-4609-a7a0-45af216dfb19.pdf) |
| 2025-02-12 | [Financial Results For The Quarter Ended 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46650a31-3f0a-4fef-8106-6c7011ff4fcf.pdf) |
| 2024-11-13 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c534c71-1932-4d28-a608-0ddafd855d27.pdf) |
| 2024-08-13 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9ab2357-6795-4b30-99f4-68ce5a29695e.pdf) |
| 2024-05-29 | [The Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a54311b-093f-4aa4-8212-af69ebb778a1.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Board meeting Feb 14, 2026 to approve unaudited Q3/9M results for period ended Dec 31, 2025. | [Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29(1) Of SEBI (LODR) Regulations, 2015 6 Feb - Board meeting Feb 14, 2026 to approve unaudited Q3/9M results for period ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b850ffdb-b76b-4abd-8ab2-0bb6a4b8f877.pdf) |
| 5 Feb - Q3/9M results (Dec 31,2025): standalone PAT Rs408.03L; consolidated revenue Rs98,840.19L. CFO appointed; director changes. | [Results-Financial Results For December 31, 2025 5 Feb - Q3/9M results (Dec 31,2025): standalone PAT Rs408.03L; consolidated revenue Rs98,840.19L. CFO appointed; director changes.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8822c41-e01a-4ca5-ae3b-7b44503dc17b.pdf) |
| 5 Feb - Appointed J. Kannan as independent director; Narendra Vala as CFO; Vijay Shah resigned. Effective Feb 05, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 5 Feb - Appointed J. Kannan as independent director; Narendra Vala as CFO; Vijay Shah resigned. Effective Feb 05, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e91beeea-003f-4901-bde8-7b7e66f79812.pdf) |
| 5 Feb - Appointed J. Kannan as Independent Director and Narendra Vala as CFO; Vijay Shah resigned, effective Feb 05, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 5 Feb - Appointed J. Kannan as Independent Director and Narendra Vala as CFO; Vijay Shah resigned, effective Feb 05, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c457172-4f62-4367-81e2-81fd99880091.pdf) |
| 5 Feb - Appointed Independent Director Jayaramakrishnan Kannan (5-year term) and CFO Narendra Vala; Vijay Shah resigned. Effective Feb 05, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 5 Feb - Appointed Independent Director Jayaramakrishnan Kannan (5-year term) and CFO Narendra Vala; Vijay Shah resigned. Effective Feb 05, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dc290de-b25d-485a-bc56-34ffacf6f67d.pdf) |
| 30 Apr - Veritas confirms it is not a SEBI-defined Large Corporate; disclosure framework not applicable. | [Non-Applicability Of Disclosure Of Large Entity/Large Corporate For The Financial Year Ended March 2026. 30 Apr - Veritas confirms it is not a SEBI-defined Large Corporate; disclosure framework not applicable.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea121fb3-a426-4585-be08-f0d80b207fb7.pdf) |
| 30 Apr - Veritas confirms it is not a SEBI-defined Large Corporate; disclosure framework not applicable. | [Non-Applicability Of Disclosure Of Large Entity/Large Corporate For The Financial Year Ended March 2026. 30 Apr - Veritas confirms it is not a SEBI-defined Large Corporate; disclosure framework not applicable.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ea121fb3-a426-4585-be08-f0d80b207fb7.pdf) |
| 27 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after Q3 results for quarter ended Dec 31, 2025. | [Closure of Trading Window 27 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after Q3 results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d5c1dee-e6fc-4ec3-bd84-42ad74563315.pdf) |
| 2 Apr - Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2 Apr - Certificate under Reg. 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b24ba1c-f0fc-4930-b232-2b312d8adc2d.pdf) |
| 14 Mar - Newspaper Publication - Notice of Postal Ballot | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Mar - Newspaper Publication - Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e37b1858-fac1-4cbc-a18c-93e7e6e3ea23.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21016_AIRAN_2021_2022_01092022161909_09012022170009.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19167_AIRAN_2020_2021_02092021143545_09022021150007.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17273_AIRAN_2019_2020_04092020164957_04092020170004.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15035_AIRAN_2018_2019_26072019184650_26072019190004.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ada578e-0507-49a4-b21f-03038dfba217.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/645387cc-87db-452a-ae35-4d98ddccf314.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93156b24-d2b4-444c-8a67-2c2628c4a17b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19201c51-3115-4775-abe7-9f94606ff9ee.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/977ecc97-fc04-4475-9f27-8109c4fafd70.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3756df4-936d-4747-b085-b7a5916581c4.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 2026-09-13T18:37:04.980Z.