---
title: "Modern Dairies Ltd (519287) — Share Price, Financials & Analysis"
symbol: "519287"
company: "Modern Dairies Ltd"
canonical: "https://tapetide.com/stocks/519287"
isin: "INE617B01011"
nse_symbol: "MODERNDAIRIESLTD"
bse_code: "519287"
sector: "Food Products"
industry: "Dairy Products"
market_cap_cr: 108.8
generated_at: "2026-09-13T18:38:02.919Z"
---

# Modern Dairies Ltd (519287)

Canonical page: https://tapetide.com/stocks/519287

## Company

- **NSE Symbol:** MODERNDAIRIESLTD
- **BSE Code:** 519287
- **ISIN:** INE617B01011
- **Sector:** Food Products
- **Industry:** Dairy Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** moderndairies.com

## About

Incorporated in 1992, Modern Dairies 
Ltd manufactures Milk and Milk products[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:59.751268Z.

- **Market Cap:** ₹108.8 Cr
- **Classification:** Microcap
- **P/E (reported):** 20
- **EPS (TTM):** ₹2
- **EPS (reported):** ₹7.19
- **Book Value:** ₹19.64
- **Price to Book:** 1.82
- **Dividend Yield:** 0%
- **ROE:** 8.82%
- **ROCE:** 12.27%
- **Debt to Equity:** 0.22
- **Revenue (yearly):** ₹341.2 Cr
- **Net Income:** ₹4.9 Cr
- **EBITDA:** ₹11.1 Cr
- **52-Week High:** ₹50.54
- **52-Week Low:** ₹26.56
- **RSI (14):** 53.59

## 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:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 61.09 | 9% |
| growth | 45.55 | 9% |
| momentum | 67.26 | 12% |
| ownership | 50 | 24% |
| quality | 44.21 | 22% |
| valuation | 44.15 | 24% |

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

## Key Insights

### Strengths

- Promoter holding has increased by 4.87% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.531 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -122.35% | -109.48% | -126.82% |
| ebitda margin growth | 105% | -22.93% | -46.82% | -31.22% |
| net income growth | 600% | -94.1% | -26% | 19% |
| revenue growth | -0.97% | -2.21% | 16% | -11% |
| roce | — | -91.08% | -116.95% | 11.45% |
| roe | — | -95.71% | 52.98% | -292.58% |

## 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 | 80.6 | 99.95 | 97.83 | 94.43 | 73.84 | 88.76 | 91.06 | 78.3 | 81.96 | 87.48 | 92.18 | 91.27 |
| Expenses | 76.64 | 93.76 | 90.36 | 89.43 | 69.75 | 85.64 | 89.32 | 75.27 | 79.24 | 85.09 | 90.51 | 87.44 |
| Operating Profit | 3.96 | 6.19 | 7.47 | 5 | 4.09 | 3.12 | 1.74 | 3.03 | 2.72 | 2.39 | 1.67 | 3.83 |
| OPM % | 4.91 | 6.19 | 7.64 | 5.29 | 5.54 | 3.52 | 1.91 | 3.87 | 3.32 | 2.73 | 1.81 | 4.2 |
| Other Income | 19.34 | 0.14 | 0.33 | 0.16 | 0.36 | 56.04 | 0.2 | 0.14 | 0.46 | 0.35 | 0.35 | 0.3 |
| Interest | 1.05 | 0.76 | 0.69 | 0.54 | 0.39 | 0.45 | 0.45 | 0.24 | 0.26 | 0.31 | 0.3 | 0.29 |
| Depreciation | 0.91 | 1.04 | 0.76 | 0.76 | 0.74 | 0.79 | 0.87 | 0.84 | 0.84 | 0.8 | 0.78 | 0.79 |
| Profit before tax | 21.34 | 4.53 | 6.35 | 3.86 | 3.32 | 57.92 | 0.62 | 2.09 | 2.08 | 1.63 | 0.94 | 3.05 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | -2779.03 | 21.05 | 18.75 | 24.54 | 65.96 | 29.84 |
| Net Profit | 21.34 | 4.52 | 6.34 | 3.86 | 3.32 | 57.93 | 17.86 | 1.65 | 1.69 | 1.22 | 0.32 | 2.14 |
| EPS in Rs | 9.15 | 1.94 | 2.72 | 1.66 | 1.42 | 24.84 | 6.97 | 0.64 | 0.66 | 0.48 | 0.11 | 0.75 |

### 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 | 467 | 560 | 766 | 610 | 241 | 217 | 362 | 348 | 340 | 353 |
| Expenses | 480 | 549 | 757 | 600 | 231 | 201 | 340 | 334 | 330 | 342 |
| Operating Profit | -14 | 11 | 9 | 10 | 10 | 17 | 22 | 14 | 10 | 11 |
| OPM % | -2.9 | 2 | 1.1 | 1.7 | 4.1 | 8 | 6 | 4 | 2.9 | 3 |
| Other Income | 0 | 0 | 0 | -22 | 2 | 1 | 20 | 57 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 2 | 4 | 2 | 1 | 1 |
| Depreciation | 5 | 5 | 6 | 22 | 6 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -19 | 6 | 3 | -35 | 5 | 12 | 34 | 66 | 7 | 8 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26 | 27 | — |
| Net Profit | -19 | 6 | 3 | -35 | 5 | 12 | 34 | 83 | 5 | 5 |
| EPS in Rs | -7.96 | 2.6 | 1.5 | -14.89 | 2.12 | 5.21 | 14.68 | 32.38 | 1.72 | 2 |
| 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 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 26 | 28 |
| Reserves | -93 | -111 | -105 | -102 | -136 | -131 | -119 | -85 | 15 | 27 |
| Borrowings | 177 | 167 | 165 | 155 | 50 | 0 | 1 | 8 | 7 | 12 |
| Other Liabilities | 46 | 38 | 53 | 53 | 138 | 170 | 180 | 144 | 69 | 65 |
| Total Liabilities | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 |
| Fixed Assets | 79 | 77 | 76 | 74 | 34 | 30 | 29 | 30 | 31 | 29 |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Other Assets | 74 | 40 | 59 | 54 | 40 | 32 | 56 | 59 | 85 | 96 |
| Total Assets | 153 | 117 | 136 | 130 | 74 | 62 | 85 | 90 | 117 | 132 |

### 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 | 3 | 16 | 4 | 6 | 7 | 17 | 15 | 47 | 20 | -4 |
| Cash from Investing Activity | -5 | -3 | -4 | -5 | -3 | -2 | -3 | -5 | -4 | -7 |
| Cash from Financing Activity | -3 | -11 | 0 | -2 | -3 | -9 | -19 | -41 | -10 | 14 |
| Net Cash Flow | -5 | 1 | -1 | -1 | 0 | 6 | -7 | 1 | 7 | 2 |
| Free Cash Flow | -2 | 13 | -1 | 1 | 3 | 15 | 12 | 42 | 17 | -6 |
| CFO/OP | -68 | -118 | 35 | 71 | 65 | 179 | 96 | 222 | 147 | -46 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 22 | 7 | 20 | 11 | 6 | 5 | 32 | 19 | 22 | 26 |
| Inventory Days | 30 | 14 | 10 | 13 | 16 | 31 | 73 | 39 | 38 | 45 |
| Days Payable | 22 | 15 | 20 | 18 | 11 | 11 | 88 | 58 | 61 | 62 |
| Cash Conversion Cycle | 30 | 6 | 10 | 6 | 11 | 25 | 16 | 0 | -1 | 9 |
| Working Capital Days | -39 | -136 | -109 | -74 | -89 | -223 | -217 | -91 | -14 | -3 |
| ROCE % | -8 | -20 | 8 | 4 | -172 | — | — | — | — | 14 |

## 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 | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 45.71% | 50.59% | 50.59% | 50.59% | 50.59% | 55.45% | 55.45% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 52.57% | 49.53% | 48.93% | 48.81% | 48.47% | 48.23% | 44.12% | 44.33% | 44.5% | 44.69% | 40.15% | 40.16% |
| Others | 1.67% | 4.71% | 5.32% | 5.44% | 5.78% | 6.02% | 5.26% | 5.04% | 4.88% | 4.69% | 4.37% | 4.35% |
| No. of Shareholders | 16371 | 17149 | 16691 | 17149 | 16973 | 16934 | 16967 | 16815 | 16859 | 16941 | 16838 | 16726 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 3 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 36.7 | Buy |
| EMA (10) | 37.32 | Buy |
| SMA (20) | 36.78 | Buy |
| EMA (20) | 36.13 | Buy |
| SMA (50) | 33.07 | Buy |
| EMA (50) | 34.57 | Buy |
| SMA (100) | 34.78 | Buy |
| EMA (100) | 34.64 | Buy |
| SMA (200) | 35.33 | Buy |
| EMA (200) | 36.98 | Buy |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 72.33 | Sell |
| MACD (12,26,9) | 1.47 | Buy |
| Stochastic (14,3,3) | 51.34 | Neutral |
| ADX (14) | 31.13 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 2.78 | High Volatility |
| ROC (12) | 12.34 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 51.45 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Reported March 2026 re-lodgment requests for physical shares: none received, processed, approved, or rejected. | [Report On The Request For Re-Lodgement Of Transfer Of Physical Shares 8 Apr - Reported March 2026 re-lodgment requests for physical shares: none received, processed, approved, or rejected.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de562cc7-c5d1-4b10-b8d6-2e90249dc239.pdf) |
| 7 May - Reported April 2026 re-lodgment status for physical shares; zero requests received, processed, approved, or rejected. | [Report On The Request For Re-Lodgement Of Transfer Of Physical Shares 7 May - Reported April 2026 re-lodgment status for physical shares; zero requests received, processed, approved, or rejected.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a47d131c-5ae4-403b-bfc8-1e7d06972091.pdf) |
| 6 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended on 31st March, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended on 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8da2d27a-7d3f-4436-ae73-03463d75536c.pdf) |
| 5m - 26-Feb-2026: Allotted 1,200,000 shares to promoters on warrant conversion; Rs4.50 crore received. | [Announcement under Regulation 30 (LODR)-Conversion of Securities 5m - 26-Feb-2026: Allotted 1,200,000 shares to promoters on warrant conversion; Rs4.50 crore received.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6c80c2c-6250-42b8-bb75-12b2081b28c6.pdf) |
| 5 May - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3c88ba7-b10f-48fb-8340-cbc8e66b7662.pdf) |
| 5 Mar - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Mar - Newspaper publishing regarding special window for re-lodgement of transfer requests of physical shares](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be73ec33-ccc8-4b77-978f-96d2551dfa7b.pdf) |
| 3 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 Consideration And Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December, 2025. 3 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/5022a01f-2775-4d04-afda-aa8444992019.pdf) |
| 28 Feb - Promoters converted warrants on 27 Feb 2026, acquiring 2,800,000 shares; promoter holding rises to 44.97% (40.03% diluted). | [Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 28 Feb - Promoters converted warrants on 27 Feb 2026, acquiring 2,800,000 shares; promoter holding rises to 44.97% (40.03% diluted).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3df6b966-d93e-4958-955f-7be204e1f863.pdf) |
| 28 Feb - Promoter group converted 28,00,000 warrants into equity at Rs50 each (26–28 Feb 2026). | [Submission Of Information Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 28 Feb - Promoter group converted 28,00,000 warrants into equity at Rs50 each (26–28 Feb 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eca0293c-44df-4108-9c66-9cde104bd585.pdf) |
| 27 Apr - Modern Dairies says it is not a Large Corporate under SEBI debt fundraising norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - Modern Dairies says it is not a Large Corporate under SEBI debt fundraising norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e824de23-578e-459e-8e5b-ba3e5271864c.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Conversion of Securities](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98d3ce27-b8a2-4fac-baa8-a060b41d9f10.pdf) |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d046abf1-540d-449b-8a4e-6d34021da936.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f079d8c9-485e-408b-851e-123c664343e4.pdf) |
| 2026-09-08 | [Report On The Requests For Re-Lodgement Of Transfer Of Physical Shares](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb996ba5-e8a6-408b-becc-d612c42a3a29.pdf) |
| 2026-09-02 | [Intimation Of Dispatch Of Letter To Shareholders Whose Email Address Is Not Registered With Company/RTA/DP](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6ae51db-3573-4699-96c1-f368e2ea28f6.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d34901d4-f375-4f48-9527-e0cf5a0b27ff.pdf) |
| 2026-08-31 | [Intimation Of 34Th Annual General Meeting To Be Held On 26Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48003f3e-4a94-4a87-bc94-b5fbf99cb428.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4aef5c58-538e-4a02-8d88-1f7caa14f1b9.pdf) |
| 2026-08-26 | [Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1877c2b6-4463-4af3-84be-54e4b9972bea.pdf) |
| 2026-08-26 | [Submission Of Information Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11777228-2961-459a-aa76-5936744eebc1.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Consideration And Approval Of Unaudited Financial Results For The Quarter Ended 30 June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76cba07e-814f-41a9-aee0-f60bd13a3701.pdf) |
| 2026-05-22 | [Standalone Audited Financial Results For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c6b944d-c9f8-40b3-b40c-f6ae30121dca.pdf) |
| 2026-02-14 | [Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40d63613-7d40-419f-b81f-c8331c35c659.pdf) |
| 2025-11-10 | [Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c5f4fa1-541a-47b1-a263-34a3e1aa0343.pdf) |
| 2025-08-11 | [Consideration And Approval Of Unaudited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d8e1f1e-d277-4098-a023-8233185f6a65.pdf) |
| 2025-05-27 | [Financial Results For Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f4deacc-c7b8-43ba-8700-5d894282ea11.pdf) |
| 2025-02-03 | [Financial Results For Quarter Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c02eda1f-c210-43ed-b9f7-4a1906de44f4.pdf) |
| 2024-11-11 | [Financial Results For Quarter And Half Year Ended 30/09/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83a968a4-dd64-4271-a363-5d5e51a0dfc4.pdf) |
| 2024-08-10 | [FINANCIAL RESULTS FOR QUARTER ENDED 30TH JUNE, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a0cf763-37d1-48f1-bea9-e3fd072bca93.pdf) |
| 2024-05-18 | [Financial Results For Quarter Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3253fcd1-d820-486e-aa16-3325dd61d220.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/083c7bbb-21cb-4261-a80e-1f2c2edb7557.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2f44b5f-1c3f-4eac-90b9-9a138a6fa9d8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6626247a-48fe-449a-b358-2fecc46a3a33.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ce53fd8-5689-46f2-89c3-27db712080d9.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6e1ea8e-1d51-4f21-a989-9478b11ec4f6.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9efe5084-36e8-484f-8613-78a125094948.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/506197/73123506197.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/519287/75897519287.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/506197/70158506197.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/519287/71158519287.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/62f1fedd-57ed-4ad9-bc6a-61f9ca2b5ead.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01835fde-6f36-4ab0-ad0c-5e937fabb784.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/14b519cf-b9eb-4a57-b944-b05d0cc3815d.pdf) |
| Jan 2018 | [Concall - Jan 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/1/3b9160df-881b-4653-babf-d71bdc438f0e.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/f4267b0c-e6ab-4fab-96a7-9730873c07d6.pdf) |
| Aug 2019 | [Concall - Aug 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6996f2f4-6a4a-4233-899e-eb63b48281e8.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/0a8abada-e51c-4aa3-8fc1-9d846ead15f7.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 2026-09-13T18:38:02.919Z.