---
title: "Refex Renewables & Infrastructure Ltd (531260) — Share Price, Financials & Analysis"
symbol: "531260"
company: "Refex Renewables & Infrastructure Ltd"
canonical: "https://tapetide.com/stocks/531260"
isin: "INE332F01018"
nse_symbol: "SUNEDISONINFRASTRUCTURELTD"
bse_code: "531260"
sector: "Industrials"
industry: "Construction"
market_cap_cr: 153.21
generated_at: "2026-09-13T18:37:27.628Z"
---

# Refex Renewables & Infrastructure Ltd (531260)

Canonical page: https://tapetide.com/stocks/531260

## Company

- **NSE Symbol:** SUNEDISONINFRASTRUCTURELTD
- **BSE Code:** 531260
- **ISIN:** INE332F01018
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **CEO:** Mr. Kalpesh Kumar
- **Employees:** 70
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** refexrenewables.com

## About

Incorporated in 1994, Refex Renewables & Infrastructure Ltd provides EPC services 
in respect of ground solar power plants, 
solar water pumps and home systems[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:34:07.981909Z.

- **Market Cap:** ₹153.21 Cr
- **Classification:** Microcap
- **P/E (reported):** -3.9
- **EPS (TTM):** ₹-85.29
- **Book Value:** ₹-467.23
- **Price to Book:** -0.72
- **Dividend Yield:** 0%
- **ROE:** 52.72%
- **ROCE:** 3.09%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹72.6 Cr
- **Net Income:** ₹-43 Cr
- **EBITDA:** ₹32.8 Cr
- **52-Week High:** ₹798
- **52-Week Low:** ₹209.05

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-02
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Rising
- **Percentile:** 52 (of 4468 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 13.19 | 9% |
| growth | 48.31 | 9% |
| momentum | 88.49 | 12% |
| ownership | 50 | 24% |
| quality | 52.56 | 22% |
| valuation | 51.61 | 24% |

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

## Key Insights

### Strengths

- Debtor days have improved from 29.0 to 21.7 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.76% over past five years.
- Contingent liabilities of Rs.160 Cr.
- Promoters have pledged 42.7% of their holding.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -41.36% | -86.85% | -81.19% |
| ebitda margin growth | 59.38% | -11.09% | -5.51% | -477.86% |
| net income growth | 69.31% | 18.13% | -42% | -14% |
| revenue growth | 26.6% | -1.89% | -5% | -2% |
| roce | 123.16% | -32.83% | -59.61% | 2.9% |
| roe | -68.88% | -32% | -106.53% | -198.32% |

## 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 | 20.56 | 20.55 | 17.81 | 18.01 | 14 | 15.9 | 20.07 | 16.74 | 14.28 | 16.1 | 19.35 | 22.2 |
| Expenses | 10.61 | 12.46 | 11.11 | 9.19 | 9.05 | 8.33 | 9.76 | 8.05 | 11.07 | 9.92 | 10.73 | 10.43 |
| Operating Profit | 9.95 | 8.09 | 6.7 | 8.82 | 4.95 | 7.57 | 10.31 | 8.69 | 3.21 | 6.18 | 8.62 | 11.77 |
| OPM % | 48.39 | 39.37 | 37.62 | 48.97 | 35.36 | 47.61 | 51.37 | 51.91 | 22.48 | 38.39 | 44.55 | 53.02 |
| Other Income | 0.8 | 2.41 | 2.53 | 0.34 | 0.38 | 1.27 | 4.91 | 1.89 | 0.86 | 2.41 | 0.99 | 3.49 |
| Interest | 10.77 | 10.66 | 9.5 | 10.3 | 10.39 | 10.85 | 11.64 | 11.36 | 11.54 | 12.83 | 12.32 | 11.59 |
| Depreciation | 4.56 | 4.68 | 4.63 | 4.43 | 4.52 | 4.51 | 4.59 | 4.65 | 4.94 | 4.98 | 4.99 | 4.95 |
| Profit before tax | -4.58 | -4.84 | -4.9 | -5.57 | -9.58 | -6.52 | -1.01 | -5.43 | -12.41 | -9.22 | -7.7 | -1.28 |
| Tax % | 128.82 | 118.39 | 121.22 | 52.6 | 32.46 | 55.98 | 397.03 | 38.31 | 15.39 | 19.63 | 31.04 | 145.31 |
| Net Profit | -10.48 | -10.57 | -10.84 | -8.5 | -12.69 | -10.17 | -5.02 | -7.51 | -14.32 | -11.03 | -10.09 | -3.14 |
| EPS in Rs | -15.61 | -19.02 | -17.95 | -19.13 | -28.31 | -22.38 | -10.5 | -16.83 | -32.67 | -23.59 | -22.14 | -6.89 |

### 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 | 71 | 63 | 72 | 53 | 76 | 75 | 67 | 65 | 72 |
| Expenses | 0 | 62 | 74 | 97 | 60 | 67 | 42 | 35 | 38 | 42 |
| Operating Profit | 0 | 9 | -11 | -25 | -7 | 9 | 33 | 32 | 27 | 30 |
| OPM % | — | 13 | -18 | -35 | -13 | 11 | 44 | 48 | 41 | 41 |
| Other Income | 0 | 2 | 2 | 12 | 11 | 20 | 18 | 7 | 6 | 8 |
| Interest | 0 | 0 | 6 | 14 | 20 | 35 | 42 | 43 | 48 | 48 |
| Depreciation | 0 | 0 | 4 | 15 | 17 | 16 | 18 | 18 | 20 | 20 |
| Profit before tax | 0 | 11 | -19 | -42 | -32 | -23 | -8 | -23 | -35 | -31 |
| Tax % | -20 | 31 | 11 | -36 | 14 | 33 | 313 | 60 | 24 | — |
| Net Profit | 0 | 8 | -22 | -27 | -37 | -30 | -34 | -36 | -43 | -39 |
| EPS in Rs | -0.16 | 17.19 | -47.6 | -61.6 | -72.36 | -52.07 | -55.03 | -80.77 | -93.44 | -85.29 |
| 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 0 | 8 | 117 | 182 | 57 | 33 | 9 | -50 | -85 |
| Borrowings | 0 | 24 | 109 | 152 | 334 | 474 | 419 | 473 | 487 |
| Other Liabilities | 0 | 38 | 78 | 51 | 157 | 90 | 76 | 88 | 110 |
| Total Liabilities | 5 | 74 | 308 | 389 | 551 | 602 | 509 | 516 | 517 |
| Fixed Assets | 0 | 13 | 169 | 171 | 173 | 172 | 458 | 453 | 443 |
| CWIP | 0 | 0 | 19 | 33 | 231 | 288 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Other Assets | 5 | 61 | 120 | 185 | 147 | 142 | 51 | 63 | 60 |
| Total Assets | 5 | 74 | 308 | 389 | 551 | 602 | 509 | 516 | 517 |

### Cash Flow

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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -1 | -14 | -46 | 84 | -55 | 120 | 27 | 16 |
| Cash from Investing Activity | — | 2 | 5 | -62 | -159 | -74 | -14 | -40 | 2 |
| Cash from Financing Activity | — | 3 | 4 | 119 | 74 | 125 | -107 | 18 | -24 |
| Net Cash Flow | — | 5 | -4 | 10 | -1 | -3 | -1 | 5 | -6 |
| Free Cash Flow | — | -1 | -33 | -86 | -149 | -127 | 105 | 14 | 10 |
| CFO/OP | — | -2 | 112 | 173 | -1258 | -613 | 376 | 88 | 61 |

### Ratios

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 70 | 297 | 334 | 431 | 305 | 33 | 32 | 22 |
| Inventory Days | — | — | 74 | 88 | 114 | 193 | 42 | — | 155 |
| Days Payable | — | — | 291 | 316 | 3802 | 438 | 664 | — | 699 |
| Cash Conversion Cycle | — | 70 | 80 | 106 | -3256 | 60 | -589 | 32 | -522 |
| Working Capital Days | — | -39 | 133 | 255 | -439 | -50 | -249 | -261 | -373 |
| ROCE % | — | 60 | -11 | -10 | -4 | 3 | 5 | 5 | 3 |

## 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 | 75% | 75% | 75% | 75% | 75% | 74.97% | 74.89% | 74.89% | 74.89% | 74.87% | 74.87% | 74.87% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.05% | 21.02% | 21.1% | 20.77% | 20.87% | 20.51% | 20.64% | 20.8% | 20.48% | 20.92% | 21.19% | 21.11% |
| Others | 3.95% | 3.98% | 3.9% | 4.23% | 4.13% | 4.51% | 4.47% | 4.31% | 4.63% | 4.21% | 3.95% | 4.02% |
| No. of Shareholders | 1266 | 1325 | 2495 | 2580 | 2486 | 2809 | 2798 | 2717 | 2690 | 2926 | 2824 | 2702 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 1 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 326.03 | Buy |
| EMA (10) | 327.94 | Buy |
| SMA (20) | 319.12 | Buy |
| EMA (20) | 318.14 | Buy |
| SMA (50) | 283.27 | Buy |
| EMA (50) | 300.8 | Buy |
| SMA (100) | 282.54 | Buy |
| EMA (100) | 323.7 | Buy |
| SMA (200) | 430.59 | Sell |
| EMA (200) | 418.04 | Sell |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 77.47 | Sell |
| MACD (12,26,9) | 13.1 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 32.13 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 4.88 | Neutral |
| ROC (12) | 12.57 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 93.24 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6bfe733b-39f3-4a19-ae7a-30017caf7555.pdf) |
| 2026-09-01 | [Corrigendum To The Notice Dated August 04 2026 Convening 32Nd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50b9c513-6bd8-4ba8-9949-55a0a6e7c2d5.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e47dbd55-3ff1-4155-9103-d9c3ffc1f8e8.pdf) |
| 2026-08-25 | [Notice Convening 32Nd Annual General Meeting Of Refex Renewables & Infrastructure Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c77449e7-6c86-40a2-a64e-c621fb472a9c.pdf) |
| 2026-08-21 | [Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited (Company) Held On August 20 2026 Inter-Alia For Considering Request From One Of The Promoters Of The Company For Re-Classification To Public Category In The Shar](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6104446-0b3a-487c-8335-92c3c2083e1c.pdf) |
| 2026-08-20 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On August 20 2026 Inter-Alia For Considering Re-Classification Request Received From One Of The Promoters As Per Regulation 31A Of The SEBI Listing Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a44460b-b958-4402-b160-517fa79dddf7.pdf) |
| 2026-08-20 | [Outcome Of The Meeting Of The Board Of Directors Of Refex Renewables & Infrastructure Limited Held On August 20 2026 Inter-Alia For Considering Request From One Of The Promoters Of The Company For Re-Classification To Public Category In The Shareholding P](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d120f8c7-857c-497a-8fef-631611f919f7.pdf) |
| 2026-08-20 | [Submission Of Application Seeking No-Objection Or Approval Of The Recognized Stock Exchange Namely BSE Limited For Re-Classification Of Status Of Avyan Pashupathy Capital Advisors Private Limited One Of The Promoters As Public By Refex Renewables & Infras](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4c6016d-e8b0-4bd7-a13a-b8554a8456b8.pdf) |
| 2026-08-19 | [Withdrawal Of Corporate Insolvency Resolution Process (CIRP) Against Sherisha Solar LLP A Strategically Important Step-Down Subsidiary Entity](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0327d4ec-662f-4c43-a431-83cb1cbc4a8c.pdf) |
| 2026-08-17 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63C49964_1D59_4E97_9E19_42D4316948FC_135852.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-04 | [Unaudited Financial Results For The Quarter Ended June 30 2026 Of FY27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f532b8f4-e737-440d-8da2-34a9adee6886.pdf) |
| 2026-05-21 | [Audited Financial Results For The 4Th Quarter And Financial Year Ended March 31 2026 Both On Standalone And Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f36fe4b-de3f-43e2-ae1e-29d03be62944.pdf) |
| 2026-02-11 | [Unaudited Financial Results For The 3Rd Quarter And Nine Months Ended December 31 2025 Both On Standalone And Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c375442f-83bb-4e52-a301-95d9d6bc42a4.pdf) |
| 2026-02-11 | [Outcome Of Board Meeting Dated February 11 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2df05f5-f697-4b57-a934-4d5aa42ab8df.pdf) |
| 2025-11-10 | [Unaudited Financial Results (Including Segment-Wise Results) Of The Company For The 2Nd Quarter & Half Year Ended September 30 2025 Of The Financial Year 2025-26 Both On Standalone And Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62ee4113-ec76-41fd-8af8-dd0e89a62cc5.pdf) |
| 2025-08-07 | [Unaudited Financial Results For Quarter Ended June 30 2025 Of FY26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cda95bf-5be1-4248-8992-bdb782fb91cb.pdf) |
| 2025-05-21 | [Audited Financial Results For 4Th Quarter And Financial Year Ended March 31 2025 Both On Standalone & Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92faf9ec-f3df-45a5-bd2c-e6916c8e9f6a.pdf) |
| 2025-02-05 | [Unaudited Finanical Results For Q3 & 9M Of FY25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6802fef-3092-428d-9b1c-dc5acde4d4d4.pdf) |
| 2024-11-08 | [Unaudited Financial Results Of The Company For The 2Nd Quarter And Half Year Ended September 30, 2024, Of The Financial Year 2024-24, Both Standalone And Consolidated Basis.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b7250bd-6dd6-4866-a074-aa566f87df4e.pdf) |
| 2024-08-13 | [Unaudited Financial Results For Q1FY25, Standalone & Consolidated.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3dc4910-f658-4e5e-b89e-dfe63304814f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 31 Mar - RSSL acquired 91.43% of Spectrum Renewable Energy (CBG and organic manure); remaining 8.57% intended to be acquired. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 31 Mar - RSSL acquired 91.43% of Spectrum Renewable Energy (CBG and organic manure); remaining 8.57% intended to be acquired.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10924786-cb99-4186-a7e5-b3f502a9f9e9.pdf) |
| 29 Apr - Refex Renewables says it is not a Large Corporate; borrowings were ₹5.55 crore as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Refex Renewables says it is not a Large Corporate; borrowings were ₹5.55 crore as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54221dd6-ff1c-4097-8de7-9884c6d3cf86.pdf) |
| 29 Apr - Refex Renewables says it is not a Large Corporate; borrowings were ₹5.55 crore as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Refex Renewables says it is not a Large Corporate; borrowings were ₹5.55 crore as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/54221dd6-ff1c-4097-8de7-9884c6d3cf86.pdf) |
| 28 Apr - Rajeev Vaze named COO for CBG business; payroll shifts to RSSL from May 1, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 28 Apr - Rajeev Vaze named COO for CBG business; payroll shifts to RSSL from May 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c457573-df2a-4ce3-9bfe-fe854815cc4d.pdf) |
| 28 Apr - Rajeev Vaze named COO for CBG business; payroll shifts to RSSL from May 1, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 28 Apr - Rajeev Vaze named COO for CBG business; payroll shifts to RSSL from May 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c457573-df2a-4ce3-9bfe-fe854815cc4d.pdf) |
| 27 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 audited results announcement. | [Closure of Trading Window 27 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 audited results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99ae1dab-539c-44d0-9789-3a436088850b.pdf) |
| 27 Feb - Nomination and Remuneration Committee of the Board of the Company by way of circular resolution dated February 27, 2026, allotted 46,450 Equity Shares to the … | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 27 Feb - Nomination and Remuneration Committee of the Board of the Company by way of circular resolution dated February 27, 2026, allotted 46,450 Equity Shares to the …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dc4dbd0-9a82-4719-a35c-b7b18a152a1a.pdf) |
| 21 Feb - Revised Disclosure regarding grant of ESOPs on February 11, 2026. | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Feb - Revised Disclosure regarding grant of ESOPs on February 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31ca0d5d-5c0e-45e3-820e-2035fdfb0b7f.pdf) |
| 2 Mar - MCX levied ₹2,10,200 penalty on IIFL Capital for alleged abnormal trades; direction dated Feb 28, 2026. | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 2 Mar - MCX levied ₹2,10,200 penalty on IIFL Capital for alleged abnormal trades; direction dated Feb 28, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf3f0de4-bff7-4914-97aa-5afe81b0f754.pdf) |
| 2 Apr - Certificate has been received for dematerialization during the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2 Apr - Certificate has been received for dematerialization during the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/131d34d4-f8ed-4b8b-bdbb-2b9d1989bd05.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad9c75f7-fa02-4850-9bf1-85ab716813d2.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a621086-9f2d-4639-8f6d-99f8b3bb26d3.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bea595dd-efbe-4c23-a97a-02d99cc23415.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c96e629-a4e7-4d23-ae4b-0b3359fd0171.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7db38e8-ff10-48a1-9204-68400eb50d42.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20ae93ca-0fb0-43b4-9984-5170ba021e47.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/229f92ac-a1a2-4388-9394-d7d872894bbc.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/367402aa-1178-4971-bd5a-93e57f4c274f.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4e25c2a-c26c-4696-b1cd-c120b9b057c5.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59c8a64e-cc46-409f-986a-581998194c24.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbc302fa-d76b-49c4-8237-3f2ed6efecb0.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7c4294a-f0fd-4f38-a75e-c17cd7ee69dc.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22a37a3c-b96d-4f39-b71a-76baec13b605.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d722040-f6e5-4dab-9ed3-f0ab5acd4714.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e70e88dd-4c78-4d1d-b3a6-de3046f7d0ca.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d6d9344-7979-4066-bb51-68351179ae8b.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/542773/73235542773.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531260/76911531260.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542773/68531542773.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531260/72293531260.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 2026-09-13T18:37:27.628Z.