---
title: "White Organic Agro Ltd (513713) — Share Price, Financials & Analysis"
symbol: "513713"
company: "White Organic Agro Ltd"
canonical: "https://tapetide.com/stocks/513713"
isin: "INE146C01019"
nse_symbol: "WHITEORGANICAGROLTD"
bse_code: "513713"
sector: "FMCG"
industry: "Agricultural Products"
market_cap_cr: 12.14
generated_at: "2026-09-13T18:52:20.556Z"
---

# White Organic Agro Ltd (513713)

Canonical page: https://tapetide.com/stocks/513713

## Company

- **NSE Symbol:** WHITEORGANICAGROLTD
- **BSE Code:** 513713
- **ISIN:** INE146C01019
- **Sector:** FMCG
- **Industry:** Agricultural Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** whiteorganics.co.in

## About

Incorporated in 2011, White Organic Agro Ltd is engaged in organic farming and retail business in Mumbai

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:47:52.385430Z.

- **Market Cap:** ₹12.14 Cr
- **Classification:** Microcap
- **P/E (reported):** 15.7
- **EPS (TTM):** ₹0.22
- **EPS (reported):** ₹0.3
- **Book Value:** ₹16.72
- **Price to Book:** 0.21
- **Dividend Yield:** 0%
- **ROE:** 0.59%
- **ROCE:** 0.74%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹142.2 Cr
- **Net Income:** ₹0.4 Cr
- **EBITDA:** ₹0.6 Cr
- **52-Week High:** ₹5.99
- **52-Week Low:** ₹2.81
- **RSI (14):** 47.19

## Tapetide Score

- **Score:** 52 / 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: Falling
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.53 | 9% |
| growth | 81.58 | 9% |
| momentum | 39.08 | 12% |
| ownership | 50 | 24% |
| quality | 40.89 | 22% |
| valuation | 49.13 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.20 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -30.5% over past five years.
- Promoter holding is low: 25.5%
- Company has a low return on equity of 2.45% over last 3 years.
- Earnings include an other income of Rs.4.02 Cr.
- Company has high debtors of 218 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -137.6% | 27.09% | — |
| ebitda margin growth | 188.24% | 50% | -81.16% | -95.33% |
| net income growth | 188% | 0% | -8% | 46% |
| revenue growth | -62.32% | -26.47% | -58% | -31% |
| roce | -188.13% | 1.37% | -93.67% | 8.77% |
| roe | -188.1% | 13.46% | 3.24% | -87.39% |

## 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 | 8.32 | 9.38 | 8.07 | 4.97 | 7.41 | 3.06 | 4.2 | 0.06 | 0.03 | 0.01 | 13.16 | 6.54 |
| Expenses | 8.29 | 9.56 | 9.12 | 5.13 | 7.47 | 4.38 | 5.06 | 0.25 | 0.29 | 0.87 | 14.69 | 6.77 |
| Operating Profit | 0.03 | -0.18 | -1.05 | -0.16 | -0.06 | -1.32 | -0.86 | -0.19 | -0.26 | -0.86 | -1.53 | -0.23 |
| OPM % | 0.36 | -1.92 | -13.01 | -3.22 | -0.81 | -43.14 | -20.48 | -316.67 | -866.67 | -8600 | -11.63 | -3.52 |
| Other Income | 1.08 | 0.8 | 0.02 | 1.16 | 1.08 | 1.11 | 1.38 | 1.27 | 1.34 | 0.68 | 1.01 | 0.99 |
| Interest | 0.2 | 0.16 | 0.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Profit before tax | 0.91 | 0.46 | -1.45 | 1 | 1.02 | -0.21 | 0.52 | 1.08 | 1.08 | -0.18 | -0.53 | 0.76 |
| Tax % | 26.37 | 21.74 | -17.24 | 25 | 25.49 | -23.81 | 25 | 25 | 25 | -27.78 | -18.87 | 28.95 |
| Net Profit | 0.67 | 0.36 | -1.19 | 0.75 | 0.76 | -0.16 | 0.38 | 0.81 | 0.8 | -0.14 | -0.42 | 0.54 |
| EPS in Rs | 0.19 | 0.1 | -0.34 | 0.21 | 0.22 | -0.05 | 0.11 | 0.23 | 0.23 | -0.04 | -0.12 | 0.15 |

### 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 | 44.69 | 162.02 | 121.36 | 78.77 | 148.05 | 173.51 | 33.45 | 19.63 | 12.76 | 19.74 |
| Expenses | 43.09 | 159.47 | 122.28 | 79.97 | 142.79 | 174.47 | 34.55 | 22.04 | 15.6 | 22.62 |
| Operating Profit | 1.6 | 2.55 | -0.92 | -1.2 | 5.26 | -0.96 | -1.1 | -2.41 | -2.84 | -2.88 |
| OPM % | 3.58 | 1.57 | -0.76 | -1.52 | 3.55 | -0.55 | -3.29 | -12.28 | -22.26 | -14.59 |
| Other Income | 1.39 | 0.79 | 1.18 | 1.41 | 5.59 | 3.57 | 3.87 | 4.74 | 4.3 | 4.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.87 | 1.05 | 0.01 | 0 | 0 |
| Depreciation | 0.04 | 0.01 | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 2.95 | 3.33 | 0.25 | 0.21 | 10.84 | 1.73 | 1.71 | 2.31 | 1.45 | 1.13 |
| Tax % | 23.39 | 29.13 | 28 | 23.81 | 19 | 28.32 | 31.58 | 25.11 | 32.41 | — |
| Net Profit | 2.26 | 2.36 | 0.18 | 0.15 | 8.78 | 1.24 | 1.17 | 1.73 | 0.98 | 0.78 |
| EPS in Rs | 0.65 | 0.67 | 0.05 | 0.04 | 2.51 | 0.35 | 0.33 | 0.49 | 0.28 | 0.22 |
| 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 | 12.5 | 17.5 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 16.7 | 25.39 | 10.25 | 10.42 | 10.47 | 18.91 | 19.61 | 20.8 | 22.53 | 23.51 |
| Borrowings | 0 | 0 | 0 | 0 | 3.95 | 0 | 12.72 | 0 | 0 | 0 |
| Other Liabilities | 2.78 | 8.42 | 26.7 | 42.38 | 38.76 | 51.22 | 12.38 | 3.47 | 5.84 | 8.87 |
| Total Liabilities | 31.98 | 51.31 | 71.95 | 87.8 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 | 67.38 |
| Fixed Assets | 0.11 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 14.93 | 16.71 | 27.87 | 27.59 | 15.62 | 0.67 | 0.53 | 20.16 | 58.08 | 58.64 |
| Other Assets | 16.94 | 34.53 | 44.01 | 60.15 | 72.5 | 104.39 | 79.11 | 39.04 | 5.22 | 8.68 |
| Total Assets | 31.98 | 51.31 | 71.95 | 87.8 | 88.18 | 105.13 | 79.71 | 59.27 | 63.37 | 67.38 |

### 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 | -0.49 | -8.24 | 12.78 | 1.86 | -8.92 | -1.43 | 4.73 | -3.67 | -4.47 | -3.66 |
| Cash from Investing Activity | -3.57 | -0.62 | -10.36 | -6.13 | 4.42 | 5.94 | -16.51 | 17.5 | 4.38 | 3.74 |
| Cash from Financing Activity | 4.06 | 11.42 | 0 | 0 | 3.95 | -4.28 | 11.86 | -13.77 | -0.01 | 0 |
| Net Cash Flow | 0 | 2.56 | 2.42 | -4.27 | -0.55 | 0.23 | 0.08 | 0.07 | -0.09 | 0.08 |
| Free Cash Flow | -0.53 | -8.24 | 12.78 | -1.89 | -7.39 | -1.44 | 4.71 | -3.67 | -4.48 | -3.66 |
| CFO/OP | -145 | -506 | 527 | -334 | 746 | -21 | -762 | 291 | 161 | 110 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 50.15 | 75.55 | 74.14 | 117.18 | 164.54 | 98.22 | 8.01 | 0.87 | 71.59 | 218.26 |
| Inventory Days | 0 | 48.88 | 0 | 0 | 0 | 33.19 | 0 | 0 | 0 | 0 |
| Days Payable | — | 66.98 | — | — | — | 116.96 | — | — | — | — |
| Cash Conversion Cycle | 50.15 | 57.44 | 74.14 | 117.18 | 164.54 | 14.44 | 8.01 | 0.87 | 71.59 | 218.26 |
| Working Capital Days | 268.51 | 191.69 | 26.88 | 49.56 | 105.74 | 65.68 | 77.37 | 381.7 | -20.83 | -21.74 |
| ROCE % | 3.56 | 8.18 | 7.56 | 0.55 | 0.44 | 20.98 | 4.29 | 5.15 | 4.09 | 2.5 |

## 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 | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% |
| 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 | 67.41% | 65.15% | 65.75% | 66.98% | 66.19% | 66.36% | 66.43% | 66.59% | 66.53% | 66.49% | 66.58% | 66.67% |
| Others | 7.08% | 9.35% | 8.75% | 7.52% | 8.31% | 8.14% | 8.06% | 7.91% | 7.97% | 8.01% | 7.91% | 7.83% |
| No. of Shareholders | 26403 | 26154 | 27158 | 26871 | 26986 | 27118 | 27074 | 26907 | 26762 | 26442 | 26183 | 25912 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.42 | Sell |
| EMA (10) | 3.43 | Sell |
| SMA (20) | 3.51 | Sell |
| EMA (20) | 3.48 | Sell |
| SMA (50) | 3.56 | Sell |
| EMA (50) | 3.57 | Sell |
| SMA (100) | 3.71 | Sell |
| EMA (100) | 3.68 | Sell |
| SMA (200) | 3.83 | Sell |
| EMA (200) | 3.92 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.5 | Neutral |
| MACD (12,26,9) | -0.06 | Sell |
| Stochastic (14,3,3) | 41.49 | Neutral |
| ADX (14) | 29.46 | Buy |
| Williams %R (14) | -61.54 | Neutral |
| ATR (14) | 0.23 | High Volatility |
| ROC (12) | -7.46 | Sell |
| Stoch RSI (14) | 22.84 | Neutral |
| UO (7,14,28) | 48.83 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=77532ad0-53ba-4180-b4c8-b0c2798656e7.pdf) |
| 2026-09-05 | [Letter To Members - Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 ("SEBI Listing Regulations")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65249d39-0c3e-42c6-bc89-798db7fda6dd.pdf) |
| 2026-09-05 | [Notice Of 36Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0fa1cb2b-3eda-4ea8-af02-ffe19f3f45a5.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a353644d-59fb-445f-bd07-7debd30a626d.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60b95026-d407-4355-9322-c369b26e973d.pdf) |
| 2026-08-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56927f2b-59fe-41ca-bc22-5e0d3d18e3e6.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Read With Schedule III Of The SEBI (Listing Obrequirements) Regulation 2015 And Applicable SEBI Circulars](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e028e3d-052e-4da1-8499-41d655ecc846.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07d6e3f2-d8c3-438f-819e-25e09e3ff000.pdf) |
| 2026-08-08 | [Board Meeting Intimation for Considering And Approving Un-Audited Financial Result For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be542d1f-1780-42b9-8e65-da37426e3030.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80c4ec8d-9fe2-4c55-8e95-f1196e86e09f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Financial Result For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d9c07ee-4dae-493e-b712-4f3929ea9d67.pdf) |
| 2026-05-29 | [Submission Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=296e3494-bab3-4579-aac6-d53741ca2d24.pdf) |
| 2026-02-14 | [Integrated Filling - Financial Result For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2673d840-f0ff-4e65-94a5-e20805702ee1.pdf) |
| 2025-11-14 | [Integrated Filling - Financial Result For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f2c3284-f6f1-4b00-9ff2-2e8bd33af9ee.pdf) |
| 2025-08-13 | [Integrated Filling - Financial Result For The Quarter Ended 30Th June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d917c11b-800a-4f2c-adfc-7216487ec8d8.pdf) |
| 2025-05-30 | [Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6e297f1-2f28-456a-9dec-61a403e59335.pdf) |
| 2025-02-13 | [Submission Of Unaudited Financial Result Of The Company For The Quarter Ended 31St December2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab3d877d-2dc0-4ef1-8e63-7cd9008be595.pdf) |
| 2024-11-14 | [Submission Of Unaudited Financial Results Of The Company For The Quarter And Half-Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0679f88-b6ad-462c-b063-3da82bca7acc.pdf) |
| 2024-08-14 | [Approval Of Un-Audited Financial Result For The Quarter Ended June 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=368c0167-0227-4e7d-834d-2f5b77ef907d.pdf) |
| 2024-05-21 | [Submission Of Annual Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e385be3b-6b05-4bd8-a456-b47d2b61bec8.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Allotment of 6,45,63,636 shares on March 5, 2026; paid-up capital rises to 29,64,75,285 shares. | [Announcement under Regulation 30 (LODR)-Allotment 9h - Allotment of 6,45,63,636 shares on March 5, 2026; paid-up capital rises to 29,64,75,285 shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a96bf532-38e6-4e9d-90af-dac2ae05587f.pdf) |
| 9 Feb - Post-earnings conference call on 12 Feb 2026 for Q3 and nine-month results ended 31 Dec 2025. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Feb - Post-earnings conference call on 12 Feb 2026 for Q3 and nine-month results ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c0de686-2aa4-4706-9da8-eb632d537db4.pdf) |
| 7 Feb - Board meeting on 14 Feb 2026 to approve Q3 and nine-month unaudited results for period ended 31 Dec 2025. | [Board Meeting Intimation for Approval Of Un-Audited Financial Result For The Quarter And Nine Months Ended 31St December, 2025. 7 Feb - Board meeting on 14 Feb 2026 to approve Q3 and nine-month unaudited results for period ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4eff8343-02a9-4e6c-bba7-353936123d28.pdf) |
| 6h - Asian Granito: gas supply restrictions from GGL/SGL may partially affect production; no material impact anticipated; evaluating alternatives. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 6h - Asian Granito: gas supply restrictions from GGL/SGL may partially affect production; no material impact anticipated; evaluating alternatives.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b6a61a1-8538-4768-8939-49d7fe0256e5.pdf) |
| 5 Feb - AGL received CII GreenPro certification on Feb 5, 2026 for multiple tile product categories. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Feb - AGL received CII GreenPro certification on Feb 5, 2026 for multiple tile product categories.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acff2279-780c-4df7-b64f-e2690066ff85.pdf) |
| 27 Apr - White Organic Agro confirms it is not a large corporate as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - White Organic Agro confirms it is not a large corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dee84287-ce95-47e0-960e-44a9b635267c.pdf) |
| 26 Feb - AGL honoured Best Integrated Home and Surface Solutions Brand at Times Realty Awards Gujarat 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - AGL honoured Best Integrated Home and Surface Solutions Brand at Times Realty Awards Gujarat 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e905ed8c-fc71-4d5f-a72e-56762285a343.pdf) |
| 25 Feb - Infomerics reaffirmed ratings IVR BBB+ (LT) and IVR A2 (ST) on Rs155 crore; placed on watch. | [Announcement under Regulation 30 (LODR)-Credit Rating 25 Feb - Infomerics reaffirmed ratings IVR BBB+ (LT) and IVR A2 (ST) on Rs155 crore; placed on watch.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39e5228b-4e61-4e9e-8b1c-73b429233d2b.pdf) |
| 20 Feb - NCLT order dated 17 Feb 2026 received approving composite scheme between Asian Granito and Adicon entities. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 20 Feb - NCLT order dated 17 Feb 2026 received approving composite scheme between Asian Granito and Adicon entities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f372050-fd11-4d17-828a-efe71dbddaaf.pdf) |
| 17 Feb - NCLT Ahmedabad approved composite Scheme of Arrangement on 17 Feb 2026 between Asian Granito and Adicon entities. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 17 Feb - NCLT Ahmedabad approved composite Scheme of Arrangement on 17 Feb 2026 between Asian Granito and Adicon entities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe397527-46cb-46cb-9461-c5df7cac1e24.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/700a2532-4474-47fa-bb7b-b5301d1d63a4.pdf) |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f065849a-3b68-47a5-9c53-7b5a13cbcdb7.pdf) |
| Sep 2015 | [Concall - Sep 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C7E10995_1CAB_46AA_B3B9_A3540A8EAE58_160028.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b75696e-71b8-4fbd-b437-dac9bb015ef0.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f8464a0-aaef-4676-91ea-2ef481c21ad7.pdf) |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C1645DC2_FB53_4D05_80A3_261495EEE6F1_132450.pdf) |
| Oct 2015 | [Concall - Oct 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2BE8A0D3_D181_4CD3_83D1_946CC768741A_191913.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85e546bd-fe56-4d46-9b2f-af2b38a56b7b.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f927e96-1884-4624-8da2-d325e21611a5.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51d2b2cd-4d8b-4ab9-a981-97d3ca0eca11.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d599509-285c-494f-a9ff-a5a1f4b43b37.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bcf86050-80e0-4666-be85-c3c206e54ed9.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eef9379a-b8aa-4940-b45d-b662c3b2b48c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35b2a986-0d2b-4733-ba75-6aea3015aa98.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20fa6da2-fad6-4621-8587-26010e7004f4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e44412d-2397-4d11-8f4c-376e53abb663.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532888/74596532888.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/513713/74640513713.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532888/72783532888.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/513713/72393513713.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2021-11-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ec6cc72-554b-4466-b49a-425147927494.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 2026-09-13T18:52:20.556Z.