---
title: "Narmada Macplast Drip Irrigation Systems Ltd (517431) — Share Price, Financials & Analysis"
symbol: "517431"
company: "Narmada Macplast Drip Irrigation Systems Ltd"
canonical: "https://tapetide.com/stocks/517431"
isin: "INE060D01028"
nse_symbol: "NARMADAMACPLASTDRIPIRRIGATIONLTD"
bse_code: "517431"
sector: "Industrial Products"
industry: "Plastic Products - Industrial"
market_cap_cr: 85.67
generated_at: "2026-09-13T18:52:51.224Z"
---

# Narmada Macplast Drip Irrigation Systems Ltd (517431)

Canonical page: https://tapetide.com/stocks/517431

## Company

- **NSE Symbol:** NARMADAMACPLASTDRIPIRRIGATIONLTD
- **BSE Code:** 517431
- **ISIN:** INE060D01028
- **Sector:** Industrial Products
- **Industry:** Plastic Products - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** narmadadrip.com

## About

Incorporated in 1992, Narmada 
Macplast Drip Irrigation Systems 
Ltd is in business of drip irrigation 
system[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:12.729732Z.

- **Market Cap:** ₹85.67 Cr
- **Classification:** Microcap
- **P/E (reported):** 49
- **EPS (TTM):** ₹0.47
- **EPS (reported):** ₹0
- **Book Value:** ₹2.59
- **Price to Book:** 9.07
- **Dividend Yield:** 0.43%
- **ROE:** 69.79%
- **ROCE:** 83.9%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹13.31 Cr
- **Net Income:** ₹1.67 Cr
- **EBITDA:** ₹2.27 Cr
- **52-Week High:** ₹34.55
- **52-Week Low:** ₹14.56
- **RSI (14):** 59.7

## Tapetide Score

- **Score:** 49 / 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:** 43.6 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 85.17 | 9% |
| growth | 87.61 | 9% |
| momentum | 74.47 | 12% |
| ownership | 50 | 24% |
| quality | 35.24 | 22% |
| valuation | 24.59 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 9.08 times its book value
- Promoter holding is low: 5.58%
- Company has a low return on equity of 4.96% over last 3 years.
- Company has high debtors of 372 days.
- Promoter holding has decreased over last 3 years: -40.1%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -263.09% | — |
| ebitda margin growth | 0% | -66.37% | 506.76% | — |
| net income growth | 0% | -69.07% | 451% | — |
| revenue growth | 0% | 3.98% | 10% | 29% |
| roce | — | — | — | 17.67% |
| roe | — | — | 23.42% | — |

## 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 | 0.06 | 1.42 | 0.34 | 0 | 0.98 | 3.53 | 2.47 | 3.1 | 3.13 | 3.34 | 3.74 | 3.69 |
| Expenses | 0.06 | 1.5 | 0.38 | 0.06 | 0.86 | 3.33 | 2.06 | 2.56 | 2.58 | 2.77 | 3.13 | 3.08 |
| Operating Profit | 0 | -0.08 | -0.04 | -0.06 | 0.12 | 0.2 | 0.41 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 |
| OPM % | 0 | -5.63 | -11.76 | — | 12.24 | 5.67 | 16.6 | 17.42 | 17.57 | 17.07 | 16.31 | 16.53 |
| Other Income | 0.06 | 0.07 | 0.03 | 0.08 | 0.12 | 5.51 | 0.11 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.05 | -0.02 | -0.02 | 0 | 0.23 | 5.71 | 0.52 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 |
| Tax % | 0 | 0 | 0 | — | 17.39 | 16.64 | 17.31 | 25.93 | 25.45 | 26.32 | 26.23 | 26.23 |
| Net Profit | 0.05 | -0.02 | -0.03 | 0 | 0.19 | 4.76 | 0.43 | 0.4 | 0.41 | 0.42 | 0.45 | 0.45 |
| EPS in Rs | 0.01 | -0.01 | -0.01 | 0 | 0.05 | 1.31 | 0.12 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 |

### 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 | 0.45 | 8.94 | 3.97 | 3.67 | 12.46 | 10.02 | 1.81 | 6.98 | 13.31 | 13.9 |
| Expenses | 0.37 | 8.87 | 3.98 | 3.66 | 12.48 | 10.26 | 1.97 | 6.3 | 11 | 11.56 |
| Operating Profit | 0.08 | 0.07 | -0.01 | 0.01 | -0.02 | -0.24 | -0.16 | 0.68 | 2.31 | 2.34 |
| OPM % | 17.78 | 0.78 | -0.25 | 0.27 | -0.16 | -2.4 | -8.84 | 9.74 | 17.36 | 16.83 |
| Other Income | 0.04 | 0.04 | 0.04 | 0.03 | 0.06 | 0.29 | 0.22 | 5.82 | 0 | 0 |
| Interest | 0.01 | 0 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.04 | 0 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0 | 0 |
| Profit before tax | 0.09 | 0.09 | 0 | 0 | 0.01 | 0.01 | 0.01 | 6.47 | 2.27 | 2.34 |
| Tax % | 44.44 | 22.22 | — | — | 0 | 0 | 100 | 16.54 | 25.99 | — |
| Net Profit | 0.05 | 0.07 | 0 | 0 | 0.01 | 0.01 | 0 | 5.39 | 1.67 | 1.73 |
| EPS in Rs | 0.01 | 0.02 | 0 | 0 | 0 | 0 | 0 | 1.49 | 0.46 | 0.47 |
| Dividend Payout % | 0 | 0 | — | — | 0 | 0 | — | 0 | 21.71 | — |

### 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 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 7.25 |
| Reserves | -1.42 | -1.37 | -1.32 | -1.32 | -1.32 | -1.31 | -1.28 | -1.29 | 4.1 | 2.15 |
| Borrowings | 0 | 0.39 | 0.34 | 0.15 | 0.35 | 0.43 | 0.43 | 0.61 | 0 | 0.04 |
| Other Liabilities | 1.46 | 0.47 | 1.29 | 0.15 | 3.12 | 3.47 | 0.61 | 0.51 | 1.13 | 9.61 |
| Total Liabilities | 3.66 | 3.11 | 3.93 | 2.6 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |
| Fixed Assets | 0.31 | 0.33 | 0.31 | 0.3 | 0.29 | 0.27 | 0.35 | 0.39 | 0.02 | 0.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 |
| Investments | 0.73 | 0.87 | 0.9 | 0.81 | 0.83 | 0.59 | 0.61 | 0.65 | 0.01 | 0.01 |
| Other Assets | 2.62 | 1.91 | 2.72 | 1.49 | 4.65 | 5.35 | 2.42 | 2.34 | 8.82 | 19.02 |
| Total Assets | 3.66 | 3.11 | 3.93 | 2.6 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |

### 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 | 0.1 | 0.28 | 0.04 | -0.13 | 0.01 | -0.02 | -1.49 | -0.36 | -5.41 | -0.35 |
| Cash from Investing Activity | -0.03 | -0.18 | -0.04 | 0.09 | -0.01 | 0.24 | -0.94 | -0.12 | 6.47 | 0 |
| Cash from Financing Activity | 0.12 | -0.06 | -0.07 | -0.18 | 0.19 | -0.18 | 2.74 | 0.15 | -0.63 | 0.02 |
| Net Cash Flow | 0.19 | 0.04 | -0.07 | -0.22 | 0.19 | 0.04 | 0.3 | -0.33 | 0.43 | -0.33 |
| Free Cash Flow | 0.1 | 0.28 | 0.04 | -0.13 | 0 | 0.22 | -1.85 | -0.48 | 0.4 | -0.35 |
| CFO/OP | 69 | 362 | 86 | 1300 | 100 | 100 | 621 | 225 | -796 | -9 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 37.42 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Inventory Days | 2.12 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 60.83 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -21.29 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Working Capital Days | 76.07 | 348.78 | 19.19 | 57 | 61.66 | 19.33 | 20.4 | 181.49 | 98.31 | 110.24 |
| ROCE % | 8.76 | 4.13 | 3.41 | 0.39 | 0.78 | 1.11 | 1.45 | 1.4 | 20.83 | 26.92 |

## 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 | 45.67% | 45.67% | 45.67% | 45.67% | 12.34% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 46.72% | 46.67% | 46.68% | 46.82% | 71.91% | 70.71% | 72.03% | 72.4% | 71.89% | 40.44% | 36.86% | 37.18% |
| Others | 6.27% | 6.31% | 6.31% | 6.17% | 14.41% | 22.37% | 22.39% | 22.02% | 22.53% | 53.98% | 57.57% | 57.24% |
| No. of Shareholders | 2947 | 2954 | 3039 | 3082 | 3153 | 3370 | 4283 | 4485 | 6555 | 8000 | 7669 | 6940 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 4 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.79 | Sell |
| EMA (10) | 23.68 | Sell |
| SMA (20) | 23.73 | Sell |
| EMA (20) | 23.36 | Buy |
| SMA (50) | 21.97 | Buy |
| EMA (50) | 22.59 | Buy |
| SMA (100) | 22.04 | Buy |
| EMA (100) | 22.23 | Buy |
| SMA (200) | 22.56 | Buy |
| EMA (200) | 21.75 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.35 | Neutral |
| MACD (12,26,9) | 0.49 | Sell |
| Stochastic (14,3,3) | 28.2 | Neutral |
| ADX (14) | 28.41 | Buy |
| Williams %R (14) | -90.4 | Buy |
| ATR (14) | 0.71 | High Volatility |
| ROC (12) | 0.08 | Buy |
| Stoch RSI (14) | 3.63 | Buy |
| UO (7,14,28) | 34.59 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cec4237b-2bf0-4162-9cae-e8155b40edf8.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed90e60f-26c8-42a9-aa29-c6bf1a3f3682.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=615a3233-4783-417e-b8c0-6029aa99019f.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Board Meeting And Notice Calling 34Th AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1e953f0-0b8b-4f0d-aac0-f52505f1133b.pdf) |
| 2026-09-03 | [Calling Of 34Th Annual General Meeting (AGM) Of The Company On 30Th September 2026 Wednesday At 12:30 P.M. Through Video Conference (VC) / Other Audio Visual Means (OAVM)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f66c3de1-aaf7-4ca4-9fbe-c9de2219e6d5.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef798fdd-64f7-472a-8d90-9c8669e28c53.pdf) |
| 2026-09-03 | [Book Closure - 34Th AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8837b393-0359-407b-bfba-515fd0e044b0.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91c005da-2652-44e7-b294-953bc29c1c98.pdf) |
| 2026-08-08 | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results For The Quarter Ending June 30 2026 And Any Other Business](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8a75112-fc58-475a-baa1-ae457e10bad2.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47283e4e-f5d6-48c4-a951-c0c6ca00ff8c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Standalone Unaudited Financial Result For Quarter Ending June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b641cf3e-1cbf-459d-80b7-3e980651af52.pdf) |
| 2026-05-30 | [Financial Results For The 31/03/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f54b3e46-3e06-4e31-8ac5-32b4f946dfce.pdf) |
| 2026-02-13 | [Financial Result Dec 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70a045e2-9492-4593-abf0-143dfef9c1ac.pdf) |
| 2025-08-13 | [Results For The Quarter Ended On 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d34497a4-562e-4dd1-8269-ea05dfcebc58.pdf) |
| 2025-04-29 | [Approval Of Audited Results 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8754edf2-bd4d-46ab-938d-dac75272c641.pdf) |
| 2025-01-13 | [Approval Of Unaudited Financial Results For The Quarter Ended 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=defe54c1-52e4-4179-ae77-6ef243e19315.pdf) |
| 2024-08-07 | [Unaudited Financial Results For The Qrt Ended As On 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b4bbfd9-e05d-4578-9e53-1a1cbb0d6c21.pdf) |
| 2023-08-14 | [Board Meeting Outcome for Board Meeting - Outcome/ Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d3c8e1d-266b-43a1-a8d2-eee762600def.pdf) |
| 2023-05-29 | [Board Meeting Outcome for Board Meeting - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9eaa84b-3558-4406-8ebc-6cb6bcb76119.pdf) |
| 2023-02-13 | [Board Meeting Outcome for Board Meeting Outcome And Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0dd5d03d-62f3-4c94-9180-d3eef497716e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Newspaper Publication of Unaudited Financial Results of Company for the quarter ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - Newspaper Publication of Unaudited Financial Results of Company for the quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85d7f3a5-6c11-425d-8470-ee49fd1a06f6.pdf) |
| 6 Feb - Board approved unaudited Q3 results (Dec 31, 2025) and appointed two independent directors effective Feb 06, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 6 Feb - Board approved unaudited Q3 results (Dec 31, 2025) and appointed two independent directors effective Feb 06, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb98b6de-612a-404a-b8cb-a9f695e54fc6.pdf) |
| 30 Apr - Company confirms FY 2026-27 non-applicability of SEBI Large Corporate borrowing norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms FY 2026-27 non-applicability of SEBI Large Corporate borrowing norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d270fda-2e28-4352-ac4c-6718afc97d7f.pdf) |
| 30 Apr - Company confirms FY 2026-27 non-applicability of SEBI Large Corporate borrowing norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms FY 2026-27 non-applicability of SEBI Large Corporate borrowing norms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d270fda-2e28-4352-ac4c-6718afc97d7f.pdf) |
| 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026. | [Closure of Trading Window 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63c2b252-2943-47ce-9667-e595eb10b7d7.pdf) |
| 27 Mar - Sachin Modi sold 400,061 shares (1.10%) on 25/03/2026; stake reduced to 913,831 (2.52%). | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Mar - Sachin Modi sold 400,061 shares (1.10%) on 25/03/2026; stake reduced to 913,831 (2.52%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35741CAC_AC1D_43A8_993D_F557EBAE860E_102608.pdf) |
| 27 Feb - Board approved up to Rs.50 Crore rights issue; appointed Bhavin Patel; Baldha resigned; proposed office shift, object clause change. | [Board Meeting Outcome for Outcome Of Board Meeting 27 Feb - Board approved up to Rs.50 Crore rights issue; appointed Bhavin Patel; Baldha resigned; proposed office shift, object clause change.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/473dff1d-22ae-4117-afc7-8910fc0adefd.pdf) |
| 27 Feb - Board approved Rights Issue up to Rs.50 crore, new Independent Director, object clause change, authorized capital increase. | [Announcement under Regulation 30 (LODR)-Change in Directorate 27 Feb - Board approved Rights Issue up to Rs.50 crore, new Independent Director, object clause change, authorized capital increase.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0822b1e6-74c2-4bb3-b019-298dc94224b7.pdf) |
| 27 Feb - Approved Rs.50 Crore rights issue; appointed Bhavin Patel; resignation; object clause change; authorized capital increase to Rs22 crore. | [Announcement under Regulation 30 (LODR)-Resignation of Director 27 Feb - Approved Rs.50 Crore rights issue; appointed Bhavin Patel; resignation; object clause change; authorized capital increase to Rs22 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81cdd415-6588-46d8-a577-73900cb922ca.pdf) |
| 23 Mar - Sold 675,000 shares (1.86%) via open market on 23/03/2026; holding now 1,663,892 (4.59%). | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Mar - Sold 675,000 shares (1.86%) via open market on 23/03/2026; holding now 1,663,892 (4.59%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5128720C_9828_48D5_91ED_CB7890EC7EC6_171556.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ed949ad-3097-405b-a0dd-ae0b4e3ade3e.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5994a7e4-5dbc-4b10-a90b-bac2c62e161e.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b5389fe-9431-43d8-b3fe-d3e1e6db58fc.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/954ffea9-3a49-4f3c-92e4-be43f7a5eb44.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a25c59b3-b988-40b7-89f7-54a397033e95.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/005ad089-9416-4184-b823-6e1e23368e96.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532230/73579532230.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517431/77219517431.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532230/69207532230.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517431/71904517431.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 2026-09-13T18:52:51.224Z.