---
title: "Inditalia Refcon Ltd (517526) — Share Price, Financials & Analysis"
symbol: "517526"
company: "Inditalia Refcon Ltd"
canonical: "https://tapetide.com/stocks/517526"
isin: "INE149C01013"
bse_code: "517526"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:52:35.978Z"
---

# Inditalia Refcon Ltd (517526)

Canonical page: https://tapetide.com/stocks/517526

## Company

- **BSE Code:** 517526
- **ISIN:** INE149C01013
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ohminditalia.com

## About

Inditalia Refcon is engaged in the business of leasing of refrigerated containers and supply and manage cold chain for transport of all perishables.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -63% |

## 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0 | 0.01 | 0.01 | 0.01 | 0.04 | 0.01 | 0.1 | 0.18 | 0.03 | 0.03 | 0.02 |
| Operating Profit | -0.01 | 0 | -0.01 | -0.01 | -0.01 | -0.04 | -0.01 | -0.1 | -0.18 | -0.03 | -0.03 | -0.02 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.32 | 0 |
| 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 | -0.01 | -0.01 | -0.01 | -0.04 | -0.01 | -0.1 | -0.18 | -0.03 | 0.29 | -0.02 |
| Tax % | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.01 | 0 | -0.01 | -0.01 | -0.01 | -0.04 | -0.01 | -0.1 | -0.18 | -0.03 | 0.29 | -0.02 |

### 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.11 | 0.11 | 0.06 | 0.05 | 0.02 | 0.02 | 0.02 | 0.07 | 0.34 | 0.26 |
| Operating Profit | -0.11 | -0.11 | -0.06 | -0.05 | -0.02 | -0.02 | -0.02 | -0.07 | -0.34 | -0.26 |
| Other Income | 0 | 0.03 | 0 | 0.04 | 0.02 | 0 | 0 | 0 | 0.32 | 0.32 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.11 | -0.08 | -0.06 | -0.01 | 0 | -0.02 | -0.02 | -0.07 | -0.02 | 0.06 |
| Tax % | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.11 | -0.08 | -0.06 | -0.01 | 0 | -0.02 | -0.02 | -0.07 | -0.02 | 0.06 |
| Dividend Payout % | 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 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 | 11.9 |
| Reserves | -12.51 | -12.63 | -12.7 | -12.76 | -12.76 | -12.76 | -12.79 | -12.81 | -12.88 | -12.9 |
| Borrowings | 0.18 | 0.23 | 0.25 | 0.28 | 0.31 | 0.33 | 0.36 | 0.37 | 0.45 | 0.81 |
| Other Liabilities | 0.55 | 0.57 | 0.56 | 0.59 | 0.56 | 0.54 | 0.54 | 0.55 | 0.55 | 0.27 |
| Total Liabilities | 0.12 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.08 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0.12 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.08 |
| Total Assets | 0.12 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.08 |

### 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 | -0.11 | -0.06 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.07 | -0.36 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.09 | 0.06 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.01 | 0.08 | 0.37 |
| Net Cash Flow | -0.02 | -0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -0.11 | -0.06 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.07 | -0.36 |
| CFO/OP | 50 | 55 | 9 | 50 | 40 | 150 | 100 | 100 | 100 | 106 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROCE % | — | — | — | — | — | — | — | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 40.76% | 40.76% | 40.76% | 40.76% | 40.76% | 40.76% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% |
| No. of Shareholders | 24025 | 24024 | 24009 | 24009 | 24009 | 24009 | 24009 | 24009 | 24007 | 24007 | 24007 |

### 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 | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% | 40.75% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% | 59.22% |
| No. of Shareholders | 24009 | 24009 | 24009 | 24009 | 24009 | 24009 | 24007 | 24007 | 24007 | 24007 | 24007 | 24007 |

## 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) | 1459.28 | Sell |
| EMA (10) | 1416.49 | Sell |
| SMA (20) | 1428.93 | Sell |
| EMA (20) | 1423.69 | Sell |
| SMA (50) | 1429.37 | Sell |
| EMA (50) | 1452.99 | Sell |
| SMA (100) | 1547.41 | Sell |
| EMA (100) | 1540.77 | Sell |
| SMA (200) | 1713.8 | Sell |
| EMA (200) | 1710.01 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.56 | Neutral |
| MACD (12,26,9) | -5.27 | Sell |
| Stochastic (14,3,3) | 18.61 | Buy |
| ADX (14) | 17.11 | Neutral |
| Williams %R (14) | -77.05 | Neutral |
| ATR (14) | 84 | High Volatility |
| ROC (12) | -3.01 | Sell |
| Stoch RSI (14) | 26.89 | Neutral |
| UO (7,14,28) | 40.79 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62ddf52d-1102-405b-a1bd-2da89635e0df.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Revised Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc99b630-1f2c-4398-85d3-84f4da41afbc.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3f5b6d9-531a-4afe-b108-62ff2fcad215.pdf) |
| 2026-09-07 | [AGM On September 28 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e36f1c1-2e0a-4773-b79e-ca9e04c4588a.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e54832fc-1f80-4693-9501-07cb388df1bf.pdf) |
| 2026-09-04 | [Re-Appointment Of Director Subject To Retire By Rotation - On Approval By Shareholders In AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acfec3a4-6cd7-4825-a264-72d0bec3dbcf.pdf) |
| 2026-09-04 | [Regulation 36(1)(B) Of The Listing Regulations](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b989c11-6acb-4bad-87a5-fe46a4933dbd.pdf) |
| 2026-09-04 | [Intimation Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bdb05f5-52a3-46ab-8533-3bcf313d343a.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3131cbea-9d1a-4489-87aa-7076a49a0c45.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2108c282-d4b5-4aed-af2f-944a2a648d41.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Ind-Ra affirmed IND BBB+/IND A2+ for INR1,730m; outlook revised to Stable (09-Mar-2026). | [Announcement under Regulation 30 (LODR)-Credit Rating 8h - Ind-Ra affirmed IND BBB+/IND A2+ for INR1,730m; outlook revised to Stable (09-Mar-2026).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d02481bc-6e0e-459e-9c73-f75372a92244.pdf) |
| 33m - Non-deal roadshow on 11 March 2026 by Equirus Securities, 1x1 investor meetings in Mumbai. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 33m - Non-deal roadshow on 11 March 2026 by Equirus Securities, 1x1 investor meetings in Mumbai.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/649aafa9-dfe2-48a9-b56a-e36787762eda.pdf) |
| 24 Feb - Bheema Fine Chemicals CFO B. Krishna Mohan Rao retires Feb 28; Ranjit Kumar Kilaru appointed Mar 1, 2026. | [Retirement And Appointment Of CFO In Wholly Owned Subsidiary 24 Feb - Bheema Fine Chemicals CFO B. Krishna Mohan Rao retires Feb 28; Ranjit Kumar Kilaru appointed Mar 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2a26f90-457f-41ce-873e-b36ee3181b50.pdf) |
| 22 Apr - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 22 Apr - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98e05bc1-c206-4315-9ea6-2fc82b995ee6.pdf) |
| 22 Apr - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026. | [Board Meeting Outcome for Appointment Of Company Secretary & Compliance Officer Of The Company 22 Apr - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/718e967d-cce1-46e3-ba98-72c6a2868e36.pdf) |
| 19 Nov 2025 - Ms. Sonam Bhura resigns as Company Secretary & Compliance Officer, effective December 5, 2025; accepted Nov 19, 2025. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 19 Nov 2025 - Ms. Sonam Bhura resigns as Company Secretary & Compliance Officer, effective December 5, 2025; accepted Nov 19, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c78ce249-3255-46c4-a697-c95e44a61ece.pdf) |
| 19 Nov 2025 - Ms. Sonam Bhura resigns as Company Secretary & Compliance Officer, effective December 05, 2025. | [Board Meeting Outcome for To Take On Record Resignation Of Company Secretary 19 Nov 2025 - Ms. Sonam Bhura resigns as Company Secretary & Compliance Officer, effective December 05, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e26d467-99d9-480c-8c3a-e67786552a33.pdf) |
| 13 Feb - Investor 1x1/group meetings on 18 Feb 2026 with Dolat Capital in Mumbai; no UPSI. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Feb - Investor 1x1/group meetings on 18 Feb 2026 with Dolat Capital in Mumbai; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd6cf398-36d9-4ea7-8ec0-574f653930fd.pdf) |
| 13 Feb - Board approved unaudited results for quarter/half-year ended 31 Dec 2025: net loss Rs.3.04L (quarter), Rs.30.93L YTD. | [Board Meeting Outcome for Outcome Of Board Meeting 13 Feb - Board approved unaudited results for quarter/half-year ended 31 Dec 2025: net loss Rs.3.04L (quarter), Rs.30.93L YTD.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09c8450d-e276-4e20-a5a8-cbc517890c51.pdf) |
| 12h - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 12h - Ms. Rishita Taparia appointed Company Secretary and Compliance Officer effective April 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/98e05bc1-c206-4315-9ea6-2fc82b995ee6.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad4fcc69-cd8d-4f90-904a-4c1372352963.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24276433-8c61-4611-9ae4-661738c2ecf9.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/751a35ea-60c3-49bf-9616-a518a6c61a39.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a589d40b-c356-4059-b4c8-92fe857a67c0.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c79b65e-fd8c-481e-9d91-e5f19b11a509.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77942869-1361-448d-96c1-c47a85362b3e.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45a9f2ac-7f36-4b1d-8d7b-031503466f68.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1331e1c-c7cc-4124-9f84-3e454f63b406.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/73802531719.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/68952531719.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/5317190320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/5317190319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/5317190318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/5317190317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/531719/5317190316.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 2026-09-13T18:52:35.978Z.