---
title: "Indian Toners & Developers Ltd (523586) — Share Price, Financials & Analysis"
symbol: "523586"
company: "Indian Toners & Developers Ltd"
canonical: "https://tapetide.com/stocks/523586"
isin: "INE826B01018"
nse_symbol: "INDIANTONERSDEVELOPERSLTD"
bse_code: "523586"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
market_cap_cr: 239.85
generated_at: "2026-09-13T18:59:11.321Z"
---

# Indian Toners & Developers Ltd (523586)

Canonical page: https://tapetide.com/stocks/523586

## Company

- **NSE Symbol:** INDIANTONERSDEVELOPERSLTD
- **BSE Code:** 523586
- **ISIN:** INE826B01018
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2000-09-15
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** indiantoners.com/in

## About

Incorporated in 1990, Indian Toners
 &  Developers Ltd manufactures 
Compatible  Toners[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:51:07.123528Z.

- **Market Cap:** ₹239.85 Cr
- **Classification:** Microcap
- **P/E (reported):** 9.5
- **EPS (TTM):** ₹4.9
- **EPS (reported):** ₹24.99
- **Book Value:** ₹42.93
- **Price to Book:** 1.08
- **Dividend Yield:** 12.92%
- **ROE:** 12.55%
- **ROCE:** 15%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹124 Cr
- **Net Income:** ₹20.7 Cr
- **EBITDA:** ₹29.6 Cr
- **52-Week High:** ₹62
- **52-Week Low:** ₹44.01
- **RSI (14):** 46.78

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.53 | 9% |
| growth | 40.54 | 9% |
| momentum | 1.1 | 12% |
| ownership | 50 | 24% |
| quality | 76.8 | 22% |
| valuation | 76.8 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 1.05 times its book value
- Company has been maintaining a healthy dividend payout of 20.8%

### Weaknesses

- Company has a low return on equity of 12.2% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -27.52% | 7.01% | -24.84% |
| ebitda margin growth | 2.25% | 0.42% | 22.51% | -15.61% |
| net income growth | 26.67% | 55.64% | 1% | 15% |
| revenue growth | 5.99% | 28.1% | 1% | 13% |
| roce | 1.12% | 31% | 86.8% | 13.31% |
| roe | 26.38% | 50.3% | 9.13% | -14.68% |

## 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 | 39.8 | 37.08 | 42.79 | 35.32 | 37.68 | 39.29 | 40.7 | 39.1 | 38.85 | 42.11 | 45.74 | 36.21 |
| Expenses | 31.22 | 29.11 | 33.77 | 27.52 | 29.86 | 30.61 | 31.98 | 30.45 | 31.57 | 33.41 | 35.55 | 29.36 |
| Operating Profit | 8.58 | 7.97 | 9.02 | 7.8 | 7.82 | 8.68 | 8.72 | 8.65 | 7.28 | 8.7 | 10.19 | 6.85 |
| OPM % | 21.56 | 21.49 | 21.08 | 22.08 | 20.75 | 22.09 | 21.43 | 22.12 | 18.74 | 20.66 | 22.28 | 18.92 |
| Other Income | 1.12 | 1.38 | 1.94 | 1.37 | 1.88 | 1.31 | 1.55 | 1.58 | 1.24 | 1.15 | 1.35 | 2.5 |
| Interest | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| Depreciation | 1.32 | 1.43 | 1.41 | 1.58 | 1.33 | 1.33 | 1.18 | 1.31 | 1.34 | 1.31 | 1.3 | 1.34 |
| Profit before tax | 8.33 | 7.86 | 9.49 | 7.54 | 8.32 | 8.61 | 9.04 | 8.87 | 7.14 | 8.5 | 10.2 | 7.97 |
| Tax % | 39.86 | 28.37 | 9.27 | 49.47 | 33.89 | 25.2 | 26 | 11.5 | 24.65 | 24.94 | 25.2 | 23.46 |
| Net Profit | 5.01 | 5.64 | 8.62 | 3.81 | 5.51 | 6.43 | 6.69 | 7.84 | 5.38 | 6.39 | 7.62 | 6.1 |
| EPS in Rs | 0.92 | 1.04 | 1.59 | 0.7 | 1.06 | 1.24 | 1.29 | 1.51 | 1.03 | 1.23 | 1.47 | 1.17 |

### 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 | 112 | 115 | 91 | 88 | 122 | 159 | 163 | 153 | 166 | 163 |
| Expenses | 84 | 92 | 78 | 73 | 99 | 124 | 129 | 120 | 131 | 130 |
| Operating Profit | 28 | 24 | 13 | 16 | 24 | 35 | 34 | 33 | 35 | 33 |
| OPM % | 25 | 21 | 14 | 18 | 19 | 22 | 21 | 22 | 21 | 20 |
| Other Income | 7 | 6 | 7 | 8 | 4 | 4 | 6 | 6 | 5 | 6 |
| Interest | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 30 | 25 | 15 | 19 | 23 | 34 | 34 | 34 | 35 | 34 |
| Tax % | 19 | 19 | 17 | 28 | 19 | 23 | 23 | 33 | 22 | — |
| Net Profit | 24 | 20 | 12 | 14 | 19 | 26 | 26 | 22 | 27 | 25 |
| EPS in Rs | 3.68 | 3.1 | 1.85 | 2.5 | 3.49 | 4.85 | 4.81 | 4.32 | 5.24 | 4.9 |
| Dividend Payout % | 16 | 19 | 32 | 24 | 17 | 14 | 19 | 21 | 23 | — |

### 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 | 8 | 13 | 13 | 13 | 11 | 11 | 11 | 11 | 10 | 10 |
| Reserves | 131 | 151 | 167 | 171 | 150 | 155 | 177 | 199 | 191 | 222 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 30 | 24 | 22 | 20 | 22 | 26 | 22 | 22 | 28 | 29 |
| Total Liabilities | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |
| Fixed Assets | 45 | 52 | 52 | 54 | 50 | 49 | 69 | 77 | 80 | 89 |
| CWIP | 8 | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 0 | 0 |
| Investments | 71 | 87 | 91 | 101 | 76 | 65 | 64 | 70 | 52 | 102 |
| Other Assets | 45 | 48 | 58 | 49 | 56 | 77 | 76 | 85 | 97 | 70 |
| Total Assets | 169 | 188 | 202 | 204 | 183 | 192 | 211 | 232 | 230 | 261 |

### 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 | 18 | 19 | 14 | 13 | 19 | 14 | 21 | 24 | 26 | 36 |
| Cash from Investing Activity | -16 | -16 | -2 | -9 | 28 | 4 | -23 | -12 | 16 | -52 |
| Cash from Financing Activity | -2 | -4 | -5 | -8 | -38 | -15 | -5 | -6 | -31 | -7 |
| Net Cash Flow | 0 | -1 | 6 | -3 | 9 | 3 | -6 | 7 | 11 | -23 |
| Free Cash Flow | 8 | 15 | 8 | 9 | 19 | 5 | -3 | 12 | 18 | 33 |
| CFO/OP | 81 | 95 | 79 | 129 | 146 | 79 | 75 | 93 | 97 | 127 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 46 | 57 | 58 | 56 | 65 | 51 | 50 | 58 | 56 | 60 |
| Inventory Days | 82 | 105 | 130 | 149 | 108 | 126 | 95 | 84 | 124 | 94 |
| Days Payable | 86 | 127 | 116 | 108 | 105 | 89 | 33 | 28 | 51 | 38 |
| Cash Conversion Cycle | 43 | 35 | 72 | 98 | 69 | 87 | 112 | 115 | 129 | 117 |
| Working Capital Days | 41 | 56 | 64 | 68 | 58 | 77 | 85 | 98 | 97 | 78 |
| ROCE % | 28 | 20 | 15 | 8 | 11 | 14 | 20 | 17 | 16 | 16 |

## 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 | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% | 69.25% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 28.58% | 28.49% | 28.6% | 28.47% | 28.3% | 28.54% | 28.46% | 28.52% | 28.31% | 28.26% | 28.24% | 28.4% |
| Others | 2.14% | 2.23% | 2.12% | 2.25% | 2.42% | 2.18% | 2.25% | 2.2% | 2.4% | 2.46% | 2.47% | 2.32% |
| No. of Shareholders | 14554 | 16558 | 16710 | 16650 | 19832 | 19050 | 18245 | 17883 | 17625 | 17367 | 17068 | 17345 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 46.36 | Buy |
| EMA (10) | 46.71 | Buy |
| SMA (20) | 46.56 | Buy |
| EMA (20) | 50.34 | Sell |
| SMA (50) | 86.98 | Sell |
| EMA (50) | 89 | Sell |
| SMA (100) | 172.74 | Sell |
| EMA (100) | 140 | Sell |
| SMA (200) | 209.61 | Sell |
| EMA (200) | 185.68 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 23.9 | Buy |
| MACD (12,26,9) | -9.31 | Buy |
| Stochastic (14,3,3) | 65.81 | Neutral |
| ADX (14) | 69.26 | Buy |
| Williams %R (14) | -25.13 | Neutral |
| ATR (14) | 2.77 | High Volatility |
| ROC (12) | 1.12 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 65.62 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Surya Pratap Singh withdraws CFO resignation dated 07.02.2026; will continue as CFO without break. | [Withdrawal Of Resignation Of Chief Financial Officer 9 Feb - Surya Pratap Singh withdraws CFO resignation dated 07.02.2026; will continue as CFO without break.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b177015-2101-447d-93f1-eac36ab14237.pdf) |
| 7 Feb - CFO Surya Pratap Singh withdraws resignation; will continue as CFO effective 07-Feb-2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 7 Feb - CFO Surya Pratap Singh withdraws resignation; will continue as CFO effective 07-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ede9f87-c6e4-4cf5-989c-e9a6fff5c9d9.pdf) |
| 7 Apr - Toners & Developers Limited has submitted to BSE Limited certificate under regulation 74 (5) of SEBI (DP) Regulations, 2018, for the quarter ended 31.03.2026. (Letter … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Toners & Developers Limited has submitted to BSE Limited certificate under regulation 74 (5) of SEBI (DP) Regulations, 2018, for the quarter ended 31.03.2026. (Letter …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c21e1a83-34b1-4a83-abc2-52acc7d6bd2d.pdf) |
| 6 May - Board to meet on May 11, 2026, to consider equity share split. | [Update on board meeting 6 May - Board to meet on May 11, 2026, to consider equity share split.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/67762c9d-61b1-4b2b-b49a-d1430d9e1d9f.pdf) |
| 6 Feb - Technical/business advisory collaboration with overseas partner to improve product lines; defined-term, arm's-length arrangement. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 6 Feb - Technical/business advisory collaboration with overseas partner to improve product lines; defined-term, arm's-length arrangement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b408857-59b6-42b5-afdb-f8769a4dbcb6.pdf) |
| 6 Feb - Board meeting Feb 13, 2026 to approve Q3/9M Dec 31, 2025 unaudited results; trading window info. | [Board Meeting Intimation for Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31, 2025. 6 Feb - Board meeting Feb 13, 2026 to approve Q3/9M Dec 31, 2025 unaudited results; trading window info.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25908224-28cf-445b-8fa5-faa6508553a6.pdf) |
| 6 Aug - 36th AGM minutes filed; FY26 accounts adopted, Rs 6 dividend confirmed, directors reappointed. | [Announcement under Regulation 30 (LODR)-Meeting Updates 6 Aug - 36th AGM minutes filed; FY26 accounts adopted, Rs 6 dividend confirmed, directors reappointed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45bc91de-0589-47c0-8a96-4be4d259ecb3.pdf) |
| 4 May - Board meeting on 11 May 2026 to note audited results for quarter and year ended 31 March 2026. | [Board Meeting Intimation for Audited Results For The Quarter And Year Ended 31.03.2026 4 May - Board meeting on 11 May 2026 to note audited results for quarter and year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d1eafc5-a3da-4244-a940-cd15794069c6.pdf) |
| 4 May - Board meeting on 11 May 2026 to note audited results for quarter and year ended 31 March 2026. | [Board Meeting Intimation for Audited Results For The Quarter And Year Ended 31.03.2026 4 May - Board meeting on 11 May 2026 to note audited results for quarter and year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d1eafc5-a3da-4244-a940-cd15794069c6.pdf) |
| 30 Apr - Company states it is not a Large Corporate under SEBI debt circular. | [Disclosure Of Non-Large Corporate Entity 30 Apr - Company states it is not a Large Corporate under SEBI debt circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1edd045f-48e4-4de5-8a23-43acaddc707b.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-15 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bff4df8b-7fae-478f-9610-46a28aee9634.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1dd64085-b2f0-473f-a003-5073797bd363.pdf) |
| 2026-07-14 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39956f80-b590-44b3-8d0e-52beaf4980a2.pdf) |
| 2026-07-14 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13ab5c51-24f9-44c6-b354-c6553818208d.pdf) |
| 2026-07-13 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47e80a0b-68a7-4fc9-a239-bc75a85f8c93.pdf) |
| 2026-07-13 | [Intimation Of New ISIN](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d98c42d-5076-4a1e-9153-1f8b1141a70d.pdf) |
| 2026-06-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bee9b5b-8b10-4249-91df-191cdb72be59.pdf) |
| 2026-06-23 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9ed2b7c-672c-4cf5-94d3-408a15fee1fe.pdf) |
| 2026-06-19 | [Notice To Shareholders](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1195e933-845d-4af4-9a5e-3e414f5db4ca.pdf) |
| 2026-06-19 | [Book Closure Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07a3b830-bcd5-4f17-ba31-24ea88266a22.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-11 | [Audited Financial Results For The Quarter And Half Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b773fd71-2723-43f9-b53f-feb622545fb5.pdf) |
| 2026-02-02 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1dfb1e5a-9522-406b-bacc-5d11d64ef1a8.pdf) |
| 2025-11-10 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24d947f7-b7b1-43f8-b1d9-a7add2aa27cc.pdf) |
| 2025-07-28 | [Unaudited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9f8598a-5d8a-4646-aedc-d7e4a0681ff3.pdf) |
| 2025-05-14 | [Audited Financial Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=666ee0da-65c4-4375-a03e-f1e8d3059814.pdf) |
| 2025-01-31 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1d2ec58-56a7-45d7-8cc1-9e3241c0184d.pdf) |
| 2024-11-14 | [Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b38cb894-3167-429b-ab77-91a0e3d11628.pdf) |
| 2024-11-04 | [Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8cb1f32-9852-4525-9539-ca41e9e404e6.pdf) |
| 2024-11-04 | [UN AUDITED FINANCIAL RESULTS FOR QTR AND HALF YEAR ENDED SEPTEMBER 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec6bb4c3-17af-4ea3-9bcd-59e52d1f48aa.pdf) |
| 2024-08-08 | [Unaudited Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=867a423b-e20e-49be-b136-3b668a4a6fbf.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6123409d-ebe5-481e-9c38-6f9ebcddb045.pdf) |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/6123409d-ebe5-481e-9c38-6f9ebcddb045.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/186e396c-9afa-4b92-989e-63f327ede71c.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a439dd9f-0212-4e1a-be8e-335ae2f25d48.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e93f2a5-76f5-4ddb-be7d-a90a6e6fca9e.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a653937-ef01-4bd8-9c44-8ef52440d32c.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/7/5e93f2a5-76f5-4ddb-be7d-a90a6e6fca9e.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/7/8a653937-ef01-4bd8-9c44-8ef52440d32c.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba732230-bce6-4118-ac25-e28e64681946.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/ba732230-bce6-4118-ac25-e28e64681946.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SHARRESLTD_2010_2011_22072011092526.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a1237b6-5653-45eb-91d8-c65641a7f9b1.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/732205d9-b4c2-4897-8473-2bf8da91e8eb.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/becb1b44-d62e-4e37-8e68-261026884b7f.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df4db6b3-cf60-4a6c-8f07-7be87fb87793.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8ca510f-5bae-4653-956f-0c1a354baaca.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/511413/75034511413.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523586/73266523586_26_07_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/511413/71499511413.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523586/69129523586.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 2026-09-13T18:59:11.321Z.