---
title: "Tirupati Starch & Chemicals Ltd (524582) — Share Price, Financials & Analysis"
symbol: "524582"
company: "Tirupati Starch & Chemicals Ltd"
canonical: "https://tapetide.com/stocks/524582"
isin: "INE314D01011"
nse_symbol: "TIRUPATISTARCHCHEMICALSLTD"
bse_code: "524582"
sector: "Food Products"
industry: "Food Products"
market_cap_cr: 135.1
generated_at: "2026-09-13T18:23:55.183Z"
---

# Tirupati Starch & Chemicals Ltd (524582)

Canonical page: https://tapetide.com/stocks/524582

## Company

- **NSE Symbol:** TIRUPATISTARCHCHEMICALSLTD
- **BSE Code:** 524582
- **ISIN:** INE314D01011
- **Sector:** Food Products
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tirupatistarch.com

## About

Established in 1985, Tirupati Starch & Chemicals Ltd processes maize into native and modified starches, liquid glucose, dextrose products and feed co-products for food, pharmaceutical, textile, paper/packaging and animal-nutrition users.[1] [2]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:34.232047Z.

- **Market Cap:** ₹135.1 Cr
- **Classification:** Microcap
- **P/E (reported):** 23.8
- **EPS (TTM):** ₹6.04
- **EPS (reported):** ₹2.29
- **Book Value:** ₹63.47
- **Price to Book:** 2.22
- **Dividend Yield:** 0%
- **ROE:** 9.62%
- **ROCE:** 14.68%
- **Debt to Equity:** 1.62
- **Revenue (yearly):** ₹366 Cr
- **Net Income:** ₹6.5 Cr
- **EBITDA:** ₹27.5 Cr
- **52-Week High:** ₹218.9
- **52-Week Low:** ₹115.4
- **RSI (14):** 13.45

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 23.38 | 9% |
| growth | 26.66 | 9% |
| momentum | 45.9 | 12% |
| ownership | 50 | 24% |
| quality | 78.47 | 22% |
| valuation | 47.54 | 24% |

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

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.48% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -13.59% | 224% | 27.52% |
| ebitda margin growth | -31.65% | 2.04% | 9.64% | — |
| net income growth | -66.67% | -13.33% | 0% | 45% |
| revenue growth | 1.89% | -6.2% | 0% | 13% |
| roce | -39.97% | -0.68% | 69.32% | — |
| roe | -68.03% | -22.23% | 8.69% | — |

## 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 | 61.6 | 86.79 | 82.48 | 86.23 | 103.27 | 99.22 | 97.5 | 92.23 | 89.23 | 91.94 | 89.86 | 91.63 |
| Expenses | 57.68 | 81.14 | 75.68 | 83.64 | 98.25 | 85.82 | 93.79 | 85.57 | 84.77 | 86 | 82.05 | 86.51 |
| Operating Profit | 3.92 | 5.65 | 6.8 | 2.59 | 5.02 | 13.4 | 3.71 | 6.66 | 4.46 | 5.94 | 7.81 | 5.12 |
| OPM % | 6.36 | 6.51 | 8.24 | 3 | 4.86 | 13.51 | 3.81 | 7.22 | 5 | 6.46 | 8.69 | 5.59 |
| Other Income | 0.06 | 0.12 | 0.13 | 0.1 | 0.13 | -0.1 | 3.89 | 0.13 | 0.37 | 2.13 | 0.1 | 0.12 |
| Interest | 1.96 | 2.5 | 3.52 | 2.67 | 2.75 | 2.49 | 2.8 | 2.98 | 2.54 | 2.43 | 2.28 | 2.44 |
| Depreciation | 1.87 | 2.1 | 2.37 | 1.93 | 2.08 | 2.01 | 1.83 | 2.18 | 2.01 | 2.11 | 2.13 | 1.89 |
| Profit before tax | 0.15 | 1.17 | 1.04 | -1.91 | 0.32 | 8.8 | 2.97 | 1.63 | 0.28 | 3.53 | 3.5 | 0.91 |
| Tax % | 80 | 10.26 | 58.65 | 8.9 | -106.25 | 15.68 | 48.48 | 10.43 | 21.43 | 30.31 | 30.29 | 27.47 |
| Net Profit | 0.04 | 1.06 | 0.43 | -2.08 | 0.66 | 7.43 | 1.53 | 1.45 | 0.22 | 2.46 | 2.45 | 0.66 |
| EPS in Rs | 0.05 | 1.11 | 0.45 | -2.17 | 0.69 | 7.75 | 1.6 | 1.51 | 0.23 | 2.57 | 2.55 | 0.69 |

### 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 | 199 | 227 | 271 | 200 | 318 | 364 | 306 | 386 | 363 | 363 |
| Expenses | 189 | 216 | 263 | 191 | 298 | 343 | 285 | 361 | 338 | 339 |
| Operating Profit | 10 | 11 | 8 | 9 | 19 | 21 | 20 | 25 | 25 | 23 |
| OPM % | 5 | 4.8 | 3 | 4.6 | 6 | 6 | 7 | 6 | 7 | 6 |
| Other Income | 1 | 0 | 0 | 0 | 2 | 1 | 0 | 4 | 3 | 3 |
| Interest | 4 | 3 | 2 | 3 | 6 | 8 | 10 | 11 | 10 | 10 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 8 | 8 | 8 | 8 |
| Profit before tax | 2 | 4 | 2 | 1 | 9 | 8 | 3 | 10 | 9 | 8 |
| Tax % | 21 | 21 | 26 | 4 | 12 | 14 | 32 | 26 | 26 | — |
| Net Profit | 2 | 3 | 1 | 1 | 8 | 7 | 2 | 8 | 7 | 6 |
| EPS in Rs | 2.9 | 5.32 | 1.89 | 1.47 | 11.8 | 8.12 | 2.16 | 7.86 | 6.86 | 6.04 |
| 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 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 10 | 10 | 10 |
| Reserves | 7 | 11 | 15 | 16 | 21 | 29 | 38 | 44 | 51 | 58 |
| Borrowings | 49 | 26 | 23 | 22 | 55 | 77 | 90 | 154 | 136 | 110 |
| Other Liabilities | 44 | 65 | 94 | 96 | 51 | 45 | 33 | 19 | 34 | 33 |
| Total Liabilities | 107 | 109 | 138 | 140 | 133 | 158 | 169 | 226 | 230 | 210 |
| Fixed Assets | 64 | 65 | 60 | 55 | 71 | 61 | 55 | 93 | 98 | 134 |
| CWIP | 0 | 0 | 9 | 18 | 7 | 16 | 46 | 27 | 40 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 42 | 44 | 69 | 66 | 55 | 80 | 68 | 107 | 91 | 76 |
| Total Assets | 107 | 109 | 138 | 140 | 133 | 158 | 169 | 226 | 230 | 210 |

### 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 | 14 | 33 | 5 | 12 | -35 | -1 | 23 | -34 | 49 | 43 |
| Cash from Investing Activity | -5 | -5 | -9 | -9 | -6 | -6 | -25 | -32 | -26 | -7 |
| Cash from Financing Activity | -8 | -28 | 4 | -3 | 41 | 7 | 9 | 59 | -24 | -35 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 8 | -7 | -1 | 0 |
| Free Cash Flow | 8 | 28 | -4 | 3 | -41 | -6 | -3 | -65 | 22 | 36 |
| CFO/OP | 179 | 330 | 56 | 138 | -372 | 4 | 116 | -160 | 198 | 176 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 36 | 38 | 61 | 37 | 45 | 35 | 33 | 41 | 37 | 30 |
| Inventory Days | 43 | 33 | 41 | 48 | 39 | 54 | 19 | 83 | 54 | 50 |
| Days Payable | 58 | 54 | 99 | 154 | 90 | 55 | 30 | 13 | 24 | 28 |
| Cash Conversion Cycle | 20 | 17 | 2 | -69 | -6 | 33 | 22 | 111 | 68 | 53 |
| Working Capital Days | 10 | 6 | 14 | -51 | 0 | 21 | -2 | 23 | -5 | -12 |
| ROCE % | 6 | 12 | 15 | 9 | 7 | 16 | 13 | 8 | 10 | 10 |

## 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 | 67.99% | 68.05% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 72.92% | 72.88% | 72.88% | 72.88% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.3% | 0.3% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.26% | 0.13% | 0.13% | 0.13% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.74% | 30.55% | 25.57% | 25.18% | 25.23% | 25.2% | 25.24% | 25.33% | 25.46% | 25.39% | 25.32% | 25.4% |
| Others | 0.97% | 1.1% | 1.13% | 1.52% | 1.47% | 1.51% | 1.47% | 1.38% | 1.37% | 1.6% | 1.67% | 1.59% |
| No. of Shareholders | 10660 | 10698 | 10645 | 10774 | 10950 | 10952 | 10847 | 10863 | 10717 | 10648 | 10576 | 10545 |

## Technical Indicators

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

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

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 135.68 | Buy |
| EMA (10) | 137.22 | Buy |
| SMA (20) | 138.88 | Buy |
| EMA (20) | 139.39 | Buy |
| SMA (50) | 148.3 | Sell |
| EMA (50) | 142.54 | Sell |
| SMA (100) | 140.66 | Buy |
| EMA (100) | 144.42 | Sell |
| SMA (200) | 150.88 | Sell |
| EMA (200) | 150.39 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.15 | Neutral |
| MACD (12,26,9) | -3.05 | Buy |
| Stochastic (14,3,3) | 72.44 | Neutral |
| ADX (14) | 31.19 | Buy |
| Williams %R (14) | -14.25 | Sell |
| ATR (14) | 8.12 | High Volatility |
| ROC (12) | 2.06 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 57.15 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=419b3d99-e25e-45d0-8048-b21c43766f2a.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=393c3255-a650-4a92-bed1-978e73eef072.pdf) |
| 2026-08-20 | [Intimation Regarding Dispatch Of Letters U/R 36(1)(B) Of SEBI (LODR) Reg. 2015 To Those Shareholder(S) Whose Email Address(Es) Are Not Registered With The Company/RTA/Depositories](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a98798e9-1aef-4b19-bf68-92be065a78be.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b741bcf7-be7e-4969-baf5-a1ebfc1fca15.pdf) |
| 2026-08-19 | [Notice Of 40Th Annual General Meeting Of The Company For The FY 2025-26 On 21/09/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ee5726c-fd04-4729-ba45-5731f12fa1bf.pdf) |
| 2026-08-19 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70d16d90-e6b7-4369-aa3a-ec66de7824de.pdf) |
| 2026-08-19 | [Intimation Of Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a39f31d1-f432-4d3c-8451-3ceba996e287.pdf) |
| 2026-08-19 | [Intimation Pursuant To Regulation 44 Of SEBI (LODR) Regulations 2015 Regarding Remote E-Voting Facilities For The 40Th Annual General Meeting Of The Company To Be Held On Monday 21St Day Of September 2026 At 01:00 PM (IST)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=303cffbf-6deb-443c-8f8e-76117dc580ef.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8dfbfc0d-9f2c-43ea-9c93-4c8d5408dd6d.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Of Company (Meeting No.: BM/04/2026-27) Held On 14Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39c3c3e0-19cb-427f-b5be-ef895ea7bf6e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results - Financial Results For 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3ec0dbf-a3f6-4b02-8389-8038c8345cd7.pdf) |
| 2026-05-29 | [Results - Financial Results For 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7298c66a-ec39-4248-9669-b8bf40383dda.pdf) |
| 2026-02-14 | [Submission Of Standalone & Consolidated Un-Audited Financial Results For The Quarter And Nine Months Ended On 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eedae043-9504-497a-9ba3-fc89b58dddf4.pdf) |
| 2025-11-14 | [Submission Of Standalone & Consolidated Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2af53d7-ac86-4999-b543-c010cccb0322.pdf) |
| 2025-11-14 | [Corrigendum To Un-Audited Consolidated Financial Results For The Quarter And Half Year Ended On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4eb2a28c-adf2-4399-88d4-9881545da841.pdf) |
| 2025-07-29 | [Submission Of Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended On 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1aade88e-291b-48e9-8840-b8c6f3cb2ffb.pdf) |
| 2025-05-23 | [Standalone & Consolidated Audited Financial Results For The Quarter And Year Ended On 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=366dfc40-cb7a-48f1-801e-1c1092d46720.pdf) |
| 2025-02-08 | [Submission Of Un-Audited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended On 31.12.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee26048d-7ba3-4b3a-b979-6da606372a6e.pdf) |
| 2024-11-14 | [Unaudited Standalone And Consolidated Financial Results For Quarter And Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50f4ff2b-e7a3-401a-a4ac-94b31c2f3b97.pdf) |
| 2024-08-14 | [Financial Results For Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8085f2c-d88a-4da2-bcdf-37b89b49158f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Mar - Company Secretary Anurag Kumar Saxena resigns; last working day 16 March 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 7 Mar - Company Secretary Anurag Kumar Saxena resigns; last working day 16 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c747728-bfba-4e63-ba07-7a4bd7ef766d.pdf) |
| 6 Feb - Board meeting 14 Feb 2026 to approve results for quarter and nine months ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for Board Meeting Intimation Under Regulation 29 Of SEBI (LODR) Regulation 2015 6 Feb - Board meeting 14 Feb 2026 to approve results for quarter and nine months ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f092170-089a-4375-bfdb-6d472261c04d.pdf) |
| 56m - Copy of newspaper publication regarding pre dispatch of AGM notice. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 56m - Copy of newspaper publication regarding pre dispatch of AGM notice.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4cf60ce2-36f0-45a0-98e1-10d031c84c32.pdf) |
| 5 Feb - One transfer request (Jan 1–6, 2026); zero processed/approved, one rejected; average processing 3 days. | [Report On Re-Lodgement Of Transfer Requests Of Physical Shares 5 Feb - One transfer request (Jan 1–6, 2026); zero processed/approved, one rejected; average processing 3 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2785e738-0e40-464b-be46-226e5d547363.pdf) |
| 42m - Approved audited FY2025 results; recommended Rs.3 final dividend; AGM Mar 23, 2026; director reappointment (Apr 1, 2026). | [Board Meeting Outcome for Outcome Of Board Meeting 42m - Approved audited FY2025 results; recommended Rs.3 final dividend; AGM Mar 23, 2026; director reappointment (Apr 1, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f729395-96dc-4680-9b5d-05b29e6369ba.pdf) |
| 3m - Copies of newspaper publication of financial statement for the quarter and year ended 31st December, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 3m - Copies of newspaper publication of financial statement for the quarter and year ended 31st December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b0889fb-1330-4cc1-8772-574e08f3894c.pdf) |
| 35m - Approved audited FY2025 results; final dividend Rs.3/share; AGM Mar 23, 2026; reappointment of Adnan Ahmad. | [Financial Results For The Quarter And Year Ended 31St December, 2025 35m - Approved audited FY2025 results; final dividend Rs.3/share; AGM Mar 23, 2026; reappointment of Adnan Ahmad.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c9fa0e6-a30e-4699-b37f-bf4f8f1e85ca.pdf) |
| 3 Mar - Draft IT order (2 Mar 2026): INR 3,84,17,653 TP addition; penalty u/s270A; company to appeal. | [Disclosure Under Para A Of Part A Of Regulation 30 Of SEBI (LODR) Regulations, 2015 In The Matter Of Order Passed By The Income Tax Department. 3 Mar - Draft IT order (2 Mar 2026): INR 3,84,17,653 TP addition; penalty u/s270A; company to appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a3ea2df-83c4-4ccf-b81b-0ecf2735cfb0.pdf) |
| 3 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/507fedc0-c3c7-44ef-b904-ef320cd77cf1.pdf) |
| 2m - Reappointment of Mr. Adnan Wajhat Ahmad as Independent Director for a second tenure of 3 years subject to the approval of the members in ensuing … | [Announcement under Regulation 30 (LODR)-Change in Management 2m - Reappointment of Mr. Adnan Wajhat Ahmad as Independent Director for a second tenure of 3 years subject to the approval of the members in ensuing …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f6cbd834-5570-439d-a39c-1e10ba71481c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_DICIND_2010_2010_20062012113036.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8f8ef6b-2002-4c7c-9f7a-98d8680faf53.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/857d08aa-a9d6-4069-9304-4e06a50914ec.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d066aa9c-9f23-4c31-b294-6fbfe5e59ab4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d611530b-54e4-4b33-b24c-948b5519e3e7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0d88ea2-11d3-4597-a999-67df24db1166.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e9290ad-6647-4b07-aec9-d7a146268e35.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfd0d7f2-17bf-4051-b9ba-eb0fdcfaa384.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/524582/76215524582_22_09_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500089/72936500089.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 2026-09-13T18:23:55.183Z.