---
title: "Indage Vintners Ltd (522059) — Share Price, Financials & Analysis"
symbol: "522059"
company: "Indage Vintners Ltd"
canonical: "https://tapetide.com/stocks/522059"
isin: "INE194C01019"
bse_code: "522059"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
generated_at: "2026-09-13T18:36:52.290Z"
---

# Indage Vintners Ltd (522059)

Canonical page: https://tapetide.com/stocks/522059

## Company

- **BSE Code:** 522059
- **ISIN:** INE194C01019
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indagegroup.com

## About

Indage Vintners Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in pioneer of authentic wines in India produce a rich variety of exquisite red, white & sparkling wines.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -14.8% over last 3 years.
- Company has high debtors of 2,985 days.
- Working capital days have increased from 4,351 days to 10,946 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -18% | — |
| revenue growth | -92% | -55% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 316 | 248 | 248 | 298 | 297 | 246 | 260 | 273 | 369 | 273 | 277 | 331 |
| Expenses | 266 | 226 | 231 | 269 | 279 | 230 | 240 | 246 | 327 | 251 | 257 | 300 |
| Operating Profit | 50 | 21 | 17 | 29 | 18 | 16 | 20 | 27 | 42 | 23 | 20 | 31 |
| OPM % | 16 | 9 | 7 | 10 | 6 | 6 | 8 | 10 | 11 | 8 | 7 | 9 |
| Other Income | 3 | 2 | 1 | 1 | -1 | 1 | 1 | -26 | 8 | 5 | 7 | -84 |
| Interest | 8 | 8 | 9 | 8 | 10 | 8 | 8 | 8 | 10 | 7 | 8 | 7 |
| Depreciation | 11 | 11 | 11 | 12 | 12 | 12 | 11 | 9 | 10 | 10 | 10 | 9 |
| Profit before tax | 34 | 4 | -2 | 11 | -5 | -3 | 3 | -16 | 30 | 10 | 9 | -69 |
| Tax % | 24 | 64 | 115 | 32 | 46 | 27 | 111 | 20 | 28 | 56 | 52 | -11 |
| Net Profit | 26 | 1 | -5 | 7 | -7 | -4 | 0 | -19 | 22 | 4 | 4 | -62 |
| EPS in Rs | 20.02 | 1.13 | -3.54 | 5.63 | -5.35 | -2.98 | -0.24 | -14.96 | 14.64 | 3.05 | 2.88 | -41.9 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Sales | 55 | 101 | 142 | 120 | 9 |
| Expenses | 36 | 68 | 80 | 149 | 44 |
| Operating Profit | 19 | 34 | 62 | -29 | -34 |
| OPM % | 34 | 33 | 44 | -24 | -370 |
| Other Income | 3 | 4 | 14 | 9 | -136 |
| Interest | 6 | 7 | 21 | 40 | 50 |
| Depreciation | 1 | 2 | 5 | 5 | 3 |
| Profit before tax | 15 | 28 | 50 | -65 | -223 |
| Tax % | 30 | 16 | 21 | -7 | 0 |
| Net Profit | 11 | 23 | 40 | -61 | -223 |
| EPS in Rs | — | 19.22 | 27.36 | -39.76 | -120.9 |
| Dividend Payout % | 17 | 11 | 8 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 12 | 15 | 15 | 18 |
| Reserves | 78 | 139 | 278 | 221 | 38 |
| Borrowings | 46 | 59 | 191 | 402 | 392 |
| Other Liabilities | 23 | 116 | 67 | 46 | 81 |
| Total Liabilities | 157 | 326 | 551 | 684 | 530 |
| Fixed Assets | 40 | 107 | 124 | 77 | 79 |
| CWIP | 3 | 6 | 4 | 4 | 2 |
| Investments | 7 | 1 | 69 | 109 | 95 |
| Other Assets | 107 | 212 | 353 | 494 | 354 |
| Total Assets | 157 | 326 | 551 | 684 | 530 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -28 | 30 | -103 | -184 | 8 |
| Cash from Investing Activity | -10 | -107 | -80 | 12 | 1 |
| Cash from Financing Activity | 38 | 80 | 182 | 172 | -9 |
| Net Cash Flow | 0 | 2 | -1 | -1 | 0 |
| Free Cash Flow | -40 | -36 | -106 | -143 | 4 |
| CFO/OP | -132 | 109 | -160 | 610 | -26 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 258 | 192 | 222 | 246 | 2985 |
| Inventory Days | — | 2439 | — | 675 | 7168 |
| Days Payable | — | 603 | — | 122 | 709 |
| Cash Conversion Cycle | 258 | 2028 | 222 | 799 | 9443 |
| Working Capital Days | 564 | 348 | 745 | 1361 | 10946 |
| ROCE % | — | 20 | 20 | -4 | -4 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 59.42% | 58.87% | 58.82% | 58.8% | 58.8% | 58.8% | 58.8% | 58.79% | 51.52% | 46.89% |
| FIIs | 0.99% | 0.68% | 0% | 0% | 0% | 0% | 0.08% | 0.37% | 0.81% | 2.39% |
| DIIs | 12% | 13.97% | 9.57% | 7.92% | 6.57% | 6.04% | 6.34% | 7.69% | 15.36% | 19.95% |
| Public | 27.59% | 26.48% | 31.61% | 33.28% | 34.63% | 35.16% | 34.78% | 33.15% | 32.31% | 30.78% |
| No. of Shareholders | 9674 | 8509 | 7866 | 7398 | 7823 | 8780 | 10249 | 23497 | 18150 | 26843 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.8% | 58.8% | 58.8% | 58.79% | 58.79% | 58.75% | 58.75% | 58.75% | 51.52% | 51.52% | 46.99% | 46.89% |
| FIIs | 0.08% | 0.11% | 0.48% | 0.38% | 0.37% | 0.37% | 0.38% | 1.03% | 0.81% | 1.93% | 2.85% | 2.39% |
| DIIs | 6.34% | 7.66% | 7.93% | 7.25% | 7.69% | 8.13% | 8.53% | 8.06% | 15.36% | 15.69% | 19.29% | 19.95% |
| Public | 34.78% | 33.42% | 32.78% | 33.57% | 33.15% | 32.76% | 32.35% | 32.16% | 32.31% | 30.86% | 30.85% | 30.78% |
| No. of Shareholders | 10249 | 12647 | 25928 | 25466 | 23497 | 24013 | 23415 | 18255 | 18150 | 20455 | 26917 | 26843 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 977.42 | Sell |
| EMA (10) | 975.59 | Sell |
| SMA (20) | 1004.4 | Sell |
| EMA (20) | 993.75 | Sell |
| SMA (50) | 1028.9 | Sell |
| EMA (50) | 1027.1 | Sell |
| SMA (100) | 1079.07 | Sell |
| EMA (100) | 1068.7 | Sell |
| SMA (200) | 1137.39 | Sell |
| EMA (200) | 1151.1 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.72 | Neutral |
| MACD (12,26,9) | -21.68 | Sell |
| Stochastic (14,3,3) | 12.14 | Buy |
| ADX (14) | 13.86 | Neutral |
| Williams %R (14) | -80.79 | Buy |
| ATR (14) | 30.29 | High Volatility |
| ROC (12) | -5.22 | Sell |
| Stoch RSI (14) | 51.25 | Neutral |
| UO (7,14,28) | 31.78 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 31m - The officials of the Company, will be meeting Institutional Investors/Analysts on Thursday, 12th March, 2026 and Friday, 13th March, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31m - The officials of the Company, will be meeting Institutional Investors/Analysts on Thursday, 12th March, 2026 and Friday, 13th March, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fbcc11db-80d6-4963-a27c-a38942c74531.pdf) |
| 25 Feb - Joint MD to appear on NDTV Profit's India Market Open, 26 Feb 2026, 9:30 AM. | [Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - TV Interview With NDTV Profit On 26Th February, 2026 25 Feb - Joint MD to appear on NDTV Profit's India Market Open, 26 Feb 2026, 9:30 AM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df855ec7-1fa7-4fa0-b12a-089a30c5371b.pdf) |
| 24 Feb - HAL orders Phase-1 AESA radar: ₹66 crore PO (₹78 crore gross); Phase-2 indicative ₹500 crore (₹590 crore gross). | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Feb - HAL orders Phase-1 AESA radar: ₹66 crore PO (₹78 crore gross); Phase-2 indicative ₹500 crore (₹590 crore gross).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb184900-07cc-4f35-a320-15643fe0e382.pdf) |
| 24 Feb - 24 Feb 2026: HAL orders AESA radar Phase‑1 for UH‑M—Phase‑1 ₹66 crore (₹78cr gross); Phase‑2 indicative ~₹500 crore. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 24 Feb - 24 Feb 2026: HAL orders AESA radar Phase‑1 for UH‑M—Phase‑1 ₹66 crore (₹78cr gross); Phase‑2 indicative ~₹500 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8701603-6b24-4186-99f6-465dfc0748ba.pdf) |
| 21m - Company officials to meet investors/analysts on 12-13 March 2026; no UPSI. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21m - Company officials to meet investors/analysts on 12-13 March 2026; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/65e177dc-c019-4e7c-a329-a7272332c308.pdf) |
| 1m - The officials of the Company, will be meeting Institutional Investors/Analysts Group on Monday, 09th March, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1m - The officials of the Company, will be meeting Institutional Investors/Analysts Group on Monday, 09th March, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fc4a02b-d68b-4168-8b58-c15f0dd4eb02.pdf) |
| 16 Feb - Pls refer enclosed - Unaudited Financial Results - December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Pls refer enclosed - Unaudited Financial Results - December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7378dda5-0e41-4e21-b625-0e679c569c23.pdf) |
| 16 Feb - Audio recording of 16 Feb 2026 analyst/investor conference call uploaded on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 16 Feb - Audio recording of 16 Feb 2026 analyst/investor conference call uploaded on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15e2cdbe-fe61-4d27-9b34-54d7030f94ed.pdf) |
| 15 Feb - Centum discontinues Canadian subsidiaries, restructures French units; impairment recognized; announced Feb 14–15, 2026; earnings call Feb 16. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Feb - Centum discontinues Canadian subsidiaries, restructures French units; impairment recognized; announced Feb 14–15, 2026; earnings call Feb 16.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84abb8b1-1de2-49e6-bcef-a7c028d390fe.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68738676-02fe-4995-b194-d4fd85661478.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a878f049-82c0-42bb-b5ec-2904d71fa890.pdf) |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fd1520a-e994-4851-8ca3-df833f62c84d.pdf) |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a74a83ea-0db2-4770-bcd5-900e87c0bb17.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f9c7dd7-bbf5-424e-bb07-ecf05cb2be68.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3556b0a0-8306-41e2-be8c-108f18ce53b2.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34deb15d-1b87-43df-b98f-121530f639a2.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/796f62d0-637b-4f2f-8a6f-5010cb4821e0.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44dabd16-a1e6-439c-a29c-ef85e2ec07b0.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf880543-9039-468b-93ab-9aed5b5994d3.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e25640d1-2489-420d-93f5-df2141170040.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_CENTUM_2010_2011_21072011101819.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd9b0ff3-b6d7-4a03-a0f5-4f8bb3d82b1c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/262053bf-6b1c-452b-8f4e-8f32e9c9247f.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2897249e-1337-4c76-87bc-3f35a01f8ed8.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/73783517544.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/69001517544.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/65041517544_21_09_20.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/5175440319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/5175440318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517544/5175440317.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 2026-09-13T18:36:52.290Z.