---
title: "Gujarat State Financial Corporation (532160) — Share Price, Financials & Analysis"
symbol: "532160"
company: "Gujarat State Financial Corporation"
canonical: "https://tapetide.com/stocks/532160"
isin: "INE944A01011"
nse_symbol: "GUJARATSTATEFINANCIALCORPORATIONLTD"
bse_code: "532160"
sector: "Financial Services"
industry: "Financial Institution"
market_cap_cr: 89.8
generated_at: "2026-09-13T18:52:35.887Z"
---

# Gujarat State Financial Corporation (532160)

Canonical page: https://tapetide.com/stocks/532160

## Company

- **NSE Symbol:** GUJARATSTATEFINANCIALCORPORATIONLTD
- **BSE Code:** 532160
- **ISIN:** INE944A01011
- **Sector:** Financial Services
- **Industry:** Financial Institution
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gsfc.gujarat.gov.in

## About

Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:46:55.234848Z.

- **Market Cap:** ₹89.8 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.8
- **EPS (TTM):** ₹-13.01
- **EPS (reported):** ₹0
- **Book Value:** ₹-358.29
- **Price to Book:** -0.03
- **Dividend Yield:** 0%
- **ROE:** 3.99%
- **ROCE:** -0.55%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹16.4 Cr
- **Net Income:** ₹-127.3 Cr
- **EBITDA:** ₹14.1 Cr
- **52-Week High:** ₹15.79
- **52-Week Low:** ₹8.4
- **RSI (14):** 33.89

## Tapetide Score

- **Score:** 36 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 7.3 (of 4473 scored stocks)
- **Confidence:** 85%
- **Data coverage:** 69%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 26.82 | 9% |
| growth | 6.9 | 9% |
| momentum | 42.65 | 12% |
| ownership | 50 | 24% |
| quality | 36.91 | 22% |
| valuation | 29.31 | 24% |

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

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.11.8 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -25.31% | -47.93% | -23.24% |
| ebitda margin growth | 38.46% | 4.07% | -0.42% | 53.33% |
| net income growth | 39.2% | 1.6% | -1% | -1% |
| revenue growth | 0% | -4.65% | 17% | 8% |
| roce | — | -5.17% | -31.25% | -0.54% |
| roe | — | -2.68% | 4.05% | -16% |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 1 | 0 | 1 | 1 | 0 | -1 | 0 | 0 | 0 | 0 | 4 | 0 |
| Expenses | 3 | -1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Financing Profit | -36 | -34 | -34 | -35 | -36 | -37 | -35 | -36 | -36 | -36 | -32 | -24 |
| Financing Margin % | -3736 | -168750 | -5524 | -6558 | -10462 | 3813 | -14056 | -39456 | -72320 | — | -776 | — |
| Other Income | 5 | 3 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | -1 | 4 |
| Interest | 35 | 35 | 34 | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 35 | 23 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -31 | -30 | -30 | -31 | -31 | -32 | -31 | -31 | -32 | -32 | -32 | -20 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -31 | -30 | -30 | -31 | -31 | -32 | -31 | -31 | -32 | -32 | -32 | -20 |
| EPS in Rs | -3.47 | -3.41 | -3.32 | -3.5 | -3.53 | -3.55 | -3.48 | -3.48 | -3.59 | -3.58 | -3.63 | -2.21 |
| Gross NPA % | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | — | 100 |
| Net NPA % | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | — | 100 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 15 | 12 | 13 | 11 | 10 | 10 | 18 | 15 | 16 | 4 |
| Expenses | 7 | 8 | 6 | 5 | 5 | 4 | 3 | 3 | 2 | 2 |
| Financing Profit | -118 | -124 | -123 | -126 | -128 | -129 | -123 | -127 | -127 | -128 |
| Financing Margin % | -802 | -1049 | -937 | -1149 | -1246 | -1272 | -696 | -829 | -776 | -3092 |
| Other Income | 3 | 10 | 6 | 3 | 1 | 4 | 4 | 2 | 0 | 12 |
| Interest | 126 | 128 | 130 | 132 | 134 | 136 | 137 | 139 | 141 | 129 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 | -116 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 | -116 |
| EPS in Rs | -12.96 | -12.89 | -13.18 | -13.79 | -14.34 | -14.04 | -13.38 | -14.07 | -14.28 | -13.01 |
| 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 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
| Reserves | -2184 | -2299 | -2414 | -2531 | -2654 | -2782 | -2907 | -3029 | -3154 | -3282 |
| Borrowing | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 |
| Other Liabilities | 1558 | 1683 | 1812 | 1941 | 2073 | 2207 | 2342 | 2479 | 2619 | 2760 |
| Total Liabilities | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |
| Fixed Assets | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 126 | 141 | 153 | 163 | 170 | 179 | 194 | 206 | 221 |
| Other Assets | 123 | 10 | 8 | 9 | 8 | 7 | 9 | 10 | 12 | 11 |
| Total Assets | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |

### 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 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 | -17 |
| Cash from Investing Activity | 9 | -2 | -7 | -2 | 1 | 9 | 9 | 11 | 14 | 16 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 7 | 1 | -2 | 0 | 0 | -4 | 1 | -1 | 1 | -1 |
| Free Cash Flow | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 | -17 |
| CFO/OP | -141 | 38 | 123 | 26 | -21 | -258 | -125 | -79 | -111 | -122 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| ROCE % | — | -2.04 |

## 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 | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% | 83.95% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.38% | 1.13% | 1.13% | 1.13% |
| Government | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% | 2.1% | 2.1% | 2.1% |
| Public | 8.8% | 8.81% | 8.81% | 8.79% | 8.78% | 8.81% | 8.82% | 8.65% | 8.73% | 8.95% | 8.98% | 8.97% |
| Others | 1.61% | 1.6% | 1.6% | 1.62% | 1.63% | 1.6% | 1.59% | 1.76% | 1.75% | 3.87% | 3.84% | 3.85% |
| No. of Shareholders | 12445 | 12625 | 14385 | 17782 | 19691 | 22371 | 22944 | 23126 | 23044 | 23108 | 23196 | 22642 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 9.92 | Buy |
| EMA (10) | 9.96 | Sell |
| SMA (20) | 10.16 | Sell |
| EMA (20) | 10.09 | Sell |
| SMA (50) | 10.37 | Sell |
| EMA (50) | 10.31 | Sell |
| SMA (100) | 10.58 | Sell |
| EMA (100) | 10.57 | Sell |
| SMA (200) | 10.91 | Sell |
| EMA (200) | 11.33 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.63 | Neutral |
| MACD (12,26,9) | -0.16 | Sell |
| Stochastic (14,3,3) | 23.78 | Neutral |
| ADX (14) | 17.06 | Neutral |
| Williams %R (14) | -67.44 | Neutral |
| ATR (14) | 0.47 | High Volatility |
| ROC (12) | -3.4 | Sell |
| Stoch RSI (14) | 56.04 | Neutral |
| UO (7,14,28) | 30.86 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65e1b562-4be0-492f-9420-9a7f469b5a84.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fce4c6a-38b8-4187-b468-3ca184f0802a.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=662c4dc1-09f4-4eed-b240-f30c5043d3f5.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Board Meeting Intimation For Considering Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a12cf93d-d177-486e-944d-c69960bcc14f.pdf) |
| 2026-07-31 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=026977f2-d5b0-41b9-997e-8d71a23fd0a3.pdf) |
| 2026-07-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eec8e1bb-c350-4bf2-abfa-77385ffeb057.pdf) |
| 2026-07-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7ce42ab-b1ee-49e6-b4ba-9c5340e0b20d.pdf) |
| 2026-07-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1c890b4-6aea-4e69-9b44-03508db73c59.pdf) |
| 2026-06-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff03d037-1152-4fc8-9f2c-915fb1c22add.pdf) |
| 2026-06-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=003fd712-f97a-4a67-a227-ff6852e4cc37.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9e30a81-9428-4f44-9c28-a33c262f9df2.pdf) |
| 2026-05-30 | [Results - Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8da92200-ff39-46f9-89fd-763fc3a2c364.pdf) |
| 2026-02-13 | [The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=220976bd-9287-4100-8810-589ff3a38501.pdf) |
| 2025-11-10 | [Results Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0471bbe0-bbb7-4b47-9d2a-1e2c8a9bc1b0.pdf) |
| 2025-08-13 | [Results - Unaudited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcd48cdd-68d3-464f-826c-e917f083cdce.pdf) |
| 2025-05-27 | [Results - Financial Results For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce6be662-2c00-409f-9671-608cbd01fcc1.pdf) |
| 2025-02-11 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52bc2fb6-40cb-474a-aff6-7b705b812dec.pdf) |
| 2024-11-07 | [Results - Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=496b96fb-f047-4d56-a2b1-a9a9f1443e4b.pdf) |
| 2024-08-08 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4f28aca-5955-47b7-8362-0a0d0fbdde4e.pdf) |
| 2024-05-28 | [Financial Results For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=572c7746-96c5-42c9-8b5b-cc18349b7de8.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 received from our R&T Agents, M/s. MCS Share Transfer Agent Ltd dated January 07, 2026 … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jan - Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 received from our R&T Agents, M/s. MCS Share Transfer Agent Ltd dated January 07, 2026 …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4814fafe-c962-4b8a-b6fa-a1b2683b1505.pdf) |
| 7 Apr - GSFC submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - GSFC submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/341cadde-d14f-40e2-8f7b-2abc5496021f.pdf) |
| 5 May - FY26 secretarial compliance report notes repeated board-constitution non-compliances and BSE fines totaling ₹9.88 lakh. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 5 May - FY26 secretarial compliance report notes repeated board-constitution non-compliances and BSE fines totaling ₹9.88 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/536ec4ab-2175-4b4c-83a8-db8a6c1affcf.pdf) |
| 29 Jan - Board to meet Feb 13, 2026 to consider unaudited Q3/9M results ended Dec 31, 2025. | [Board Meeting Intimation for Consideration, Inter Alia, The Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025 29 Jan - Board to meet Feb 13, 2026 to consider unaudited Q3/9M results ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a4dc73d-1915-45fd-9f72-3f3aa8fff32c.pdf) |
| 25 Feb - Annual Report FY2024-25 laid before Gujarat Legislature Feb 16, 2026; report notes loss increased 5% to Rs12,534 lakh. | [News Item Appeared In The Times Of India, Ahmedabad 25 Feb - Annual Report FY2024-25 laid before Gujarat Legislature Feb 16, 2026; report notes loss increased 5% to Rs12,534 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0f8ce21-296f-472d-a40a-2d15dc7f841c.pdf) |
| 2 Mar - BSE imposed Rs9,88,840 fine (Feb 27, 2026) for LODR non-compliance; GSFC seeks waiver citing SFC Act constraints. | [Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Fine Imposed By BSE Ltd 2 Mar - BSE imposed Rs9,88,840 fine (Feb 27, 2026) for LODR non-compliance; GSFC seeks waiver citing SFC Act constraints.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcc187cf-762b-400e-b436-d208f1f7c7f0.pdf) |
| 16 Feb - Extract of the unaudited financial results for the quarter and nine months ended on December 31, 2025 published in "Financial Express", both Gujarati and English … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Extract of the unaudited financial results for the quarter and nine months ended on December 31, 2025 published in "Financial Express", both Gujarati and English …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8753f6b1-5625-482e-97de-8fd1befd9624.pdf) |
| 13 Feb - Unaudited results: Q3 loss Rs 3,192.61 lakh; nine-month loss Rs 9,490.74 lakh; auditor qualified review, NPAs 100%. Surefire impact on stakeholders and share price uncertainty … | [The Quarter And Nine Months Ended December 31, 2025 13 Feb - Unaudited results: Q3 loss Rs 3,192.61 lakh; nine-month loss Rs 9,490.74 lakh; auditor qualified review, NPAs 100%. Surefire impact on stakeholders and share price uncertainty …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/220976bd-9287-4100-8810-589ff3a38501.pdf) |
| 13 Feb - Unaudited results to Dec 31,2025: losses ₹3,192.61L quarter, ₹9,490.74L nine months; auditor qualified. | [Board Meeting Outcome for Outcome Of Board Meeting 13 Feb - Unaudited results to Dec 31,2025: losses ₹3,192.61L quarter, ₹9,490.74L nine months; auditor qualified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58d35138-00a2-4407-9f42-8363e50337a9.pdf) |
| — | [Closure of Trading Window 23 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a0665a7-4047-41e1-a36f-c3734325cbe1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_GUJSTATFIN_2010_2011_27022012022024.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/003fd712-f97a-4a67-a227-ff6852e4cc37.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/475d6d23-673b-43ad-811e-dff20bdb20fb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b973861-0310-4328-81ca-275091cd9629.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1fc6dcb8-dd6b-41ae-8d5e-d43cf42242c7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532160/73273532160.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532160/70800532160.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532160/64938532160.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532160/5321600319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532160/5321600318.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 2026-09-13T18:52:35.887Z.