---
title: "Shantai Industries Ltd (512297) — Share Price, Financials & Analysis"
symbol: "512297"
company: "Shantai Industries Ltd"
canonical: "https://tapetide.com/stocks/512297"
isin: "INE408F01024"
nse_symbol: "SHANTAIINDUSTRIESLTD"
bse_code: "512297"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 67.13
generated_at: "2026-09-13T18:23:18.792Z"
---

# Shantai Industries Ltd (512297)

Canonical page: https://tapetide.com/stocks/512297

## Company

- **NSE Symbol:** SHANTAIINDUSTRIESLTD
- **BSE Code:** 512297
- **ISIN:** INE408F01024
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** wheelandaxle.in

## About

Incorporated in 1985, Shantai Industries Ltd is in the business of trading of textile items[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:34:05.763858Z.

- **Market Cap:** ₹67.13 Cr
- **Classification:** Microcap
- **P/E (reported):** -51.1
- **EPS (TTM):** ₹-1.8
- **Book Value:** ₹8.47
- **Price to Book:** 10.68
- **Dividend Yield:** 0%
- **ROE:** -20.68%
- **ROCE:** -20.12%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹9.9 Cr
- **Net Income:** ₹-1.3 Cr
- **EBITDA:** ₹-1.3 Cr
- **52-Week High:** ₹102.01
- **52-Week Low:** ₹11.15

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.81 | 9% |
| growth | 1.1 | 9% |
| momentum | 98.9 | 12% |
| ownership | 50 | 24% |
| quality | 42.64 | 22% |
| valuation | 40.3 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 10.8 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -4.84% over last 3 years.
- Company has high debtors of 206 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 201.01% | — | — |
| ebitda margin growth | 75% | -901.86% | 174.68% | -626.94% |
| net income growth | 75% | -533.33% | — | -7% |
| revenue growth | -100% | -51.23% | 154% | 87% |
| roce | — | -761.84% | — | -3.74% |
| roe | — | -617% | -5.85% | — |

## 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 | 1.29 | 0.57 | 4.23 | 8.22 | 7.23 | 4.22 | 2.52 | 1.51 | 1.56 | 0 |
| Expenses | 0.02 | 0.06 | 1.24 | 0.55 | 4.15 | 8.12 | 7.19 | 4.25 | 2.43 | 2.5 | 1.98 | 0.07 |
| Operating Profit | -0.02 | -0.06 | 0.05 | 0.02 | 0.08 | 0.1 | 0.04 | -0.03 | 0.09 | -0.99 | -0.42 | -0.07 |
| OPM % | — | — | 3.88 | 3.51 | 1.89 | 1.22 | 0.55 | -0.71 | 3.57 | -65.56 | -26.92 | — |
| Other Income | 0.01 | 0 | 0.02 | 0 | 0.02 | 0 | 0.06 | 0 | 0.02 | 0.01 | 0.04 | 0.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | -0.06 | 0.07 | 0.02 | 0.1 | 0.1 | 0.1 | -0.03 | 0.11 | -0.98 | -0.38 | -0.05 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 0 | 0 | 0 | 10.53 | 0 |
| Net Profit | -0.02 | -0.06 | 0.07 | 0.02 | 0.1 | 0.1 | 0.08 | -0.03 | 0.1 | -0.98 | -0.41 | -0.05 |
| EPS in Rs | -0.03 | -0.08 | 0.09 | 0.03 | 0.13 | 0.13 | 0.11 | -0.04 | 0.13 | -1.31 | -0.55 | -0.07 |

### 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 | 51.99 | 12.83 | 10.55 | 0.43 | 1.15 | 0.6 | 1.29 | 20.25 | 9.81 | 5.59 |
| Expenses | 52.01 | 9.72 | 10.58 | 1.31 | 1.15 | 0.7 | 1.38 | 20.01 | 11.16 | 6.98 |
| Operating Profit | -0.02 | 3.11 | -0.03 | -0.88 | 0 | -0.1 | -0.09 | 0.24 | -1.35 | -1.39 |
| OPM % | -0.04 | 24.24 | -0.28 | -204.65 | 0 | -16.67 | -6.98 | 1.19 | -13.76 | -24.87 |
| Other Income | 0.02 | 0.05 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.09 | 0.07 | 0.09 |
| Interest | 0.07 | 0.03 | 0.08 | 0.14 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.1 | 3.11 | -0.1 | -1 | 0.02 | -0.09 | -0.06 | 0.33 | -1.28 | -1.3 |
| Tax % | -10 | 28.94 | 0 | 0 | 0 | 0 | 0 | 6.06 | 3.12 | — |
| Net Profit | -0.09 | 2.22 | -0.1 | -1 | 0.02 | -0.1 | -0.06 | 0.31 | -1.31 | -1.34 |
| EPS in Rs | -0.12 | 2.96 | -0.13 | -1.33 | 0.03 | -0.13 | -0.08 | 0.41 | -1.75 | -1.8 |
| Dividend Payout % | 0 | 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 | 0.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| Reserves | 6.01 | 4.88 | 7.1 | 7 | 6 | 6.02 | 5.92 | 5.86 | 6.17 | 4.85 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9 | 0 |
| Other Liabilities | 87.73 | 74.17 | 21.82 | 0.23 | 0.24 | 0.18 | 0.36 | 0.16 | 4.21 | 0 |
| Total Liabilities | 94.24 | 80.55 | 30.42 | 8.73 | 7.74 | 7.7 | 7.78 | 7.52 | 14.78 | 6.35 |
| Fixed Assets | 0.01 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 94.23 | 80.5 | 30.39 | 8.71 | 7.73 | 7.69 | 7.77 | 7.51 | 14.77 | 6.35 |
| Total Assets | 94.24 | 80.55 | 30.42 | 8.73 | 7.74 | 7.7 | 7.78 | 7.52 | 14.78 | 6.35 |

### 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 | 0.43 | 0.27 | 0.7 | 0.25 | -0.85 | 0.08 | -0.23 | 0.04 | -2.96 | 2.99 |
| Cash from Investing Activity | 0 | -0.04 | 0.02 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.08 | -0.07 | -0.03 | -0.08 | 0.01 | 0.02 | 0.01 | 0.03 | 2.98 | -2.83 |
| Net Cash Flow | 0.35 | 0.16 | 0.69 | 0.19 | -0.84 | 0.1 | -0.22 | 0.07 | 0.02 | 0.16 |
| Free Cash Flow | 0.41 | 0.21 | 0.7 | 0.24 | -0.85 | 0.08 | -0.23 | 0.04 | -2.96 | 3 |
| CFO/OP | 69 | -2200 | 39 | -833 | 95 | — | 230 | -44 | -1225 | -221 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 293.07 | 535.53 | 711.79 | 159.15 | 2843.6 | 272.96 | 480.58 | 401.78 | 219.72 | 206.13 |
| Inventory Days | 11.54 | 10.17 | 8.7 | 29.78 | 3971.2 | 1946.67 | 3727.21 | 1369.53 | 4.9 | 0 |
| Days Payable | 315.05 | 530.92 | 790.49 | 0 | 14.6 | 0 | 147.4 | 0 | 68.37 | — |
| Cash Conversion Cycle | -10.43 | 14.79 | -70 | 188.93 | 6800.2 | 2219.62 | 4060.39 | 1771.31 | 156.25 | 206.13 |
| Working Capital Days | 20.63 | 40.79 | 210.52 | 246.68 | 5933.37 | 2199.52 | 4294.83 | 1955.16 | 182.23 | 209.85 |
| ROCE % | 17.78 | -0.47 | 41.92 | -0.23 | -10.75 | 0.27 | -1.07 | -0.81 | 3.57 | -15.01 |

## 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 | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 24.66% | 24.66% | 24.66% | 24.66% | 24.65% | 24.45% | 24.39% | 22.95% | 22.85% | 22.76% | 22.53% | 23.26% |
| Others | 0.94% | 0.94% | 0.94% | 0.94% | 0.95% | 1.15% | 1.21% | 2.65% | 2.75% | 2.84% | 3.07% | 2.34% |
| No. of Shareholders | 575 | 580 | 608 | 604 | 611 | 609 | 656 | 1410 | 1374 | 1349 | 1284 | 1338 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 92.17 | Sell |
| EMA (10) | 92.35 | Sell |
| SMA (20) | 95.4 | Sell |
| EMA (20) | 91.92 | Sell |
| SMA (50) | 82.21 | Buy |
| EMA (50) | 81.4 | Buy |
| SMA (100) | 58.12 | Buy |
| EMA (100) | 64.76 | Buy |
| SMA (200) | 36.08 | Buy |
| EMA (200) | 47.49 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.69 | Neutral |
| MACD (12,26,9) | 2.13 | Sell |
| Stochastic (14,3,3) | 9.52 | Buy |
| ADX (14) | 47.44 | Buy |
| Williams %R (14) | -80.78 | Buy |
| ATR (14) | 1.31 | Neutral |
| ROC (12) | -6.05 | Sell |
| Stoch RSI (14) | 7.46 | Buy |
| UO (7,14,28) | 49.93 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Notice Of 41St Annual Genreral Meeting Of The Company Through Video Conferencing Or Other Audio Visual Means(OAVM) On Tuesday September 29 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3946692e-50ec-4d0f-acaf-0dd6e2917779.pdf) |
| 2026-09-02 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de28c271-4d33-48ff-b7a6-ce6c5b8a7cbd.pdf) |
| 2026-08-20 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84C7C2F7_F1C1_4F66_A038_198FA816F3E8_094406.pdf) |
| 2026-08-19 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73DE5302_5BAD_47DC_A893_0B72B8091874_154030.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4a3acef-5b52-4565-af96-8498555e9cf7.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Monday August 10 2026 And Unaudited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86dd43be-f464-4e09-be33-549b1788a2ea.pdf) |
| 2026-08-05 | [Board Meeting Intimation for Board Meeting To Be Held On August 10 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=424113a1-2ed5-4856-b65e-b28af4fb4bdc.pdf) |
| 2026-07-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45c71a85-6d43-4610-8036-41b7faefde7a.pdf) |
| 2026-06-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e273918-219a-4616-8529-d1c734401430.pdf) |
| 2026-06-24 | [Post Offer Advertisement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CEC54AC8-B7FF-482B-A078-68EE6EC673C6-175338.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Outcome Of Board Meeting Of The Company Held On Monday August 10 2026 And Unaudited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0c6a49b-4179-4ba9-b3df-b210f6b14b53.pdf) |
| 2026-05-25 | [Outcome Of Board Meeting Of The Company Held On May 25 2026 And Audited Financial Results For The Quarter And Year Ended As On March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d55ab12d-b428-444e-adc8-5d15f9f4157d.pdf) |
| 2026-02-05 | [Outcome Of Board Meeting And Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1718389c-1c9f-4a7e-af39-c643cc6b62ad.pdf) |
| 2025-11-12 | [Standalone Unaudited Financial Results For The Quarter And Half Year Ended As On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6c0b6ea-6a34-4c91-bb18-d79d9d5a4639.pdf) |
| 2025-08-14 | [Outcome Of Board Meeting Held On Today I.E. On August 14 2025 In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=210284ce-c863-4b66-bdfc-1b0bce3665e2.pdf) |
| 2025-06-02 | [Quarter And Year Ended Result As On March 31 2025 Along With Audit Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0353741a-0327-40ff-b8a3-8e8b4d8a54e1.pdf) |
| 2024-10-25 | [Unaudited Financial Results For The Quarter And Half Year Ended On 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=626b8d02-518f-4d9c-b750-af55d6ce0588.pdf) |
| 2024-08-09 | [Outcome Of Board Meeting Of The Company Held On 09Th August, 2024 And Unaudited Financial Results For The Quarter Ended As On 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25d1163d-a289-4239-9d41-b405d08e0ca4.pdf) |
| 2024-05-28 | [Outcome Of Board Meeting Of The Company Held On 28Th May, 2024 And Audited Financial Results For The Quarter And Year Ended As On 31St March, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=495beb14-0a80-4a8a-91eb-2d2df7500d52.pdf) |
| 2024-02-13 | [Outcome Of Board Meeting Of The Company Held On 13Th February, 2024 And Unaudited Financial Results For The Quarter And Nine Months Ended As On 31St December, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5207b47-4938-4c01-b0e5-4a9a1ae0b663.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Transcript of the investor call held on 3rd February 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Feb - Transcript of the investor call held on 3rd February 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d9357fe-0014-4e55-8ef5-326e8955e1ca.pdf) |
| 9 Feb - Transcript of the investor call held on 3rd February 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Feb - Transcript of the investor call held on 3rd February 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/218e7bdd-fb29-4910-9c8b-c912cd312292.pdf) |
| 7h - Draft IT assessment (received 08.03.2026) proposes Rs.111.63 crore additions for AY 2023-24. | [Receipt Of Draft Assessment Order For AY 2023-24 7h - Draft IT assessment (received 08.03.2026) proposes Rs.111.63 crore additions for AY 2023-24.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1a936a5-6f81-423d-923b-0eb62556e8a8.pdf) |
| 7h - Draft assessment (08-Mar-2026) proposes Rs.111.63 crore income additions for AY2023-24; company to respond. | [Receipt Of Draft Assessment Order For AY 2023-24 7h - Draft assessment (08-Mar-2026) proposes Rs.111.63 crore income additions for AY2023-24; company to respond.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa90dd1d-fb54-4247-b2d9-63d41e5837e4.pdf) |
| 6 Feb - Newspaper publication of extract of Standalone unaudited financial results for quarter and nine months ended on 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Newspaper publication of extract of Standalone unaudited financial results for quarter and nine months ended on 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c6692ab-c0bc-4ff5-9339-cd216cace970.pdf) |
| 35m - Postal ballot e-voting ended 2 Mar 2026 on appointments, MD redesignation, and proposed name change to JSW Dulux. | [Postal Ballot Proceedings 35m - Postal ballot e-voting ended 2 Mar 2026 on appointments, MD redesignation, and proposed name change to JSW Dulux.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/235ab3f3-ff0d-4f42-970c-658d390feef8.pdf) |
| 30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026. | [Closure of Trading Window 30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5deda9f5-ca43-4d5f-93a6-337b4c373f46.pdf) |
| 3 Mar - Postal ballot (2 Mar 2026): Parth Jindal appointed Chairman; Shantanu Khosla independent director; Rajiv Rajgopal JMD&CEO; rename to JSW Dulux. | [Shareholders'' Approval Through Postal Ballot 3 Mar - Postal ballot (2 Mar 2026): Parth Jindal appointed Chairman; Shantanu Khosla independent director; Rajiv Rajgopal JMD&CEO; rename to JSW Dulux.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5458de4c-df36-48d2-9340-27f05dd5bbb6.pdf) |
| 23 Feb - Open Offer: acquire up to 19,20,000 shares at ₹21/share totaling ₹4,03,20,000; DPS published Feb 23, 2026. | [Detailed Public Statement 23 Feb - Open Offer: acquire up to 19,20,000 shares at ₹21/share totaling ₹4,03,20,000; DPS published Feb 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34837FF7-F546-4E14-9900-A423CA2C6AA1-174003.pdf) |
| 20 Apr - Company confirms it is not a Large Corporate under SEBI debt-fundraising rules. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr - Company confirms it is not a Large Corporate under SEBI debt-fundraising rules.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/002e9a47-1d90-4218-89cd-fc6e21b4404d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b74639b-f3ea-48b9-9112-e3db0cc5ea5f.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76c8ffe7-c39d-429c-8fbc-9507a853f016.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/048cc805-8c2d-4bd6-9df7-3ceba7fd011e.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ba58c69-6c39-4ec9-b812-7a9328e3042e.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d862ac15-93ec-488a-a01e-ddc23cb774de.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/297d7508-498e-49dd-941f-6007027d8322.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d34d4e5e-c935-41a9-81ce-f5b9b22873dd.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90d2e530-aa58-4ea0-a65a-a36c960a6d0c.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57655c9f-81bb-43ad-831d-adb6cd4e18b2.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/117cb9eb-4d60-4e1c-9e6a-bc280b50ac4e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_AKZOINDIA_2010_2011_21072011102112.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b114be4-b1fb-4b11-b7a3-26bd84fde34e.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c894661e-603d-4329-8cfe-f81cad4c9c76.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54a3f6f7-5256-4e01-b69c-9432a2ef28af.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dccd3d56-0692-47c9-ac41-a94f46c03018.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7bd11fb-1944-4666-9719-403b823f2593.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5afeeb2a-43fa-4431-858a-696136552df2.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500710/73557500710.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/512297/75895512297.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500710/68947500710.pdf) |

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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 2026-09-13T18:23:18.792Z.