---
title: "Rathi Bars Ltd (532918) — Share Price, Financials & Analysis"
symbol: "532918"
company: "Rathi Bars Ltd"
canonical: "https://tapetide.com/stocks/532918"
isin: "INE575I01016"
nse_symbol: "RATHIBARSLTD"
bse_code: "532918"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 28.49
generated_at: "2026-09-13T18:59:09.360Z"
---

# Rathi Bars Ltd (532918)

Canonical page: https://tapetide.com/stocks/532918

## Company

- **NSE Symbol:** RATHIBARSLTD
- **BSE Code:** 532918
- **ISIN:** INE575I01016
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rathisteels.com

## About

Incorporated in 1993, Rathi Bars Ltd is a manufacturer of TMT bars and other steel products[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:48:06.639620Z.

- **Market Cap:** ₹28.49 Cr
- **Classification:** Microcap
- **P/E (reported):** -1
- **EPS (TTM):** ₹-17.58
- **EPS (reported):** ₹2.47
- **Book Value:** ₹52.03
- **Price to Book:** 0.33
- **Dividend Yield:** 0%
- **ROE:** 2.66%
- **ROCE:** 9.19%
- **Debt to Equity:** 1.01
- **Revenue (yearly):** ₹368.6 Cr
- **Net Income:** ₹-12.26 Cr
- **EBITDA:** ₹-2.49 Cr
- **52-Week High:** ₹32
- **52-Week Low:** ₹14.5
- **RSI (14):** 54.17

## Tapetide Score

- **Score:** 38 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 10.2 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 11.54 | 9% |
| growth | 1.72 | 9% |
| momentum | 12.22 | 12% |
| ownership | 50 | 24% |
| quality | 30.21 | 22% |
| valuation | 70.47 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.32 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.63% over past five years.
- Company has a low return on equity of -1.93% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 67.1 to 86.2 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -123.81% | -198.01% | -197.05% |
| ebitda margin growth | -16.67% | -122.56% | -128.03% | -124.81% |
| net income growth | -5.41% | -571.54% | -440.56% | -522.76% |
| revenue growth | -100% | -25.94% | -9% | 3% |
| roce | — | -2.03% | 17.07% | 7.99% |
| roe | — | -30% | 3.11% | -2.21% |

## 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 | 172 | 134 | 137 | 148 | 100 | 111 | 138 | 133 | 126 | 91 | 20 | 0 |
| Expenses | 168 | 130 | 135 | 144 | 96 | 107 | 135 | 130 | 122 | 88 | 31 | 13 |
| Operating Profit | 4 | 4 | 2 | 4 | 4 | 3 | 3 | 3 | 4 | 2 | -12 | -13 |
| OPM % | 2.6 | 3.1 | 1.5 | 2.4 | 3.5 | 3.1 | 2 | 2.4 | 2.9 | 2.6 | -59 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Interest | 2 | 2 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -15 | -16 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -15 | -16 |
| EPS in Rs | 0.61 | 0.51 | 0.75 | 0.59 | 0.37 | 0.54 | 0.66 | 0.51 | 0.59 | 0.43 | -9.04 | -9.56 |

### 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 | 247 | 410 | 383 | 324 | 494 | 482 | 614 | 496 | 369 | 236 |
| Expenses | 239 | 401 | 371 | 312 | 481 | 467 | 600 | 483 | 371 | 255 |
| Operating Profit | 7 | 8 | 12 | 12 | 13 | 15 | 14 | 13 | -2 | -19 |
| OPM % | 3 | 2.1 | 3.1 | 3.7 | 2.7 | 3.1 | 2.3 | 2.7 | -0.7 | -8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 4 | 3 | 4 | 5 | 6 | 6 | 6 | 6 |
| Depreciation | 4 | 5 | 6 | 6 | 6 | 7 | 4 | 5 | 5 | 5 |
| Profit before tax | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | -12 | -29 |
| Tax % | 35 | 32 | 5 | 24 | 10 | 22 | 12 | 27 | -6 | — |
| Net Profit | 1 | 2 | 3 | 2 | 3 | 3 | 4 | 3 | -12 | -29 |
| EPS in Rs | 0.86 | 1.15 | 1.67 | 1.41 | 1.75 | 1.58 | 2.19 | 1.57 | -7.05 | -17.58 |
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 60 | 61 | 64 | 66 | 69 | 71 | 74 | 78 | 80 | 69 |
| Borrowings | 15 | 12 | 29 | 41 | 47 | 65 | 72 | 67 | 82 | 86 |
| Other Liabilities | 21 | 19 | 18 | 20 | 20 | 22 | 22 | 18 | 17 | 83 |
| Total Liabilities | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |
| Fixed Assets | 22 | 25 | 36 | 38 | 43 | 42 | 42 | 38 | 41 | 41 |
| CWIP | 13 | 11 | 10 | 13 | 10 | 9 | 7 | 7 | 5 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Other Assets | 77 | 72 | 80 | 91 | 100 | 123 | 136 | 134 | 149 | 213 |
| Total Assets | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |

### 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 | -3 | 10 | -1 | 2 | 3 | -9 | 3 | 12 | -3 | 1 |
| Cash from Investing Activity | 4 | -6 | -14 | -11 | -6 | -4 | -5 | -1 | -6 | 1 |
| Cash from Financing Activity | -11 | -4 | 15 | 9 | 3 | 14 | 2 | -12 | 9 | -2 |
| Net Cash Flow | -9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -10 | 4 | -15 | -9 | -3 | -14 | -2 | 11 | -9 | 2 |
| CFO/OP | -34 | 134 | -6 | 24 | 29 | -69 | 24 | 92 | -18 | -57 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 75 | 60 | 44 | 56 | 66 | 52 | 60 | 43 | 72 | 86 |
| Inventory Days | 63 | 39 | 14 | 15 | 23 | 23 | 13 | 10 | 10 | 2 |
| Days Payable | 46 | 35 | 11 | 13 | 15 | 9 | 9 | 6 | 6 | 12 |
| Cash Conversion Cycle | 93 | 64 | 47 | 58 | 74 | 65 | 65 | 48 | 76 | 76 |
| Working Capital Days | 90 | 68 | 38 | 38 | 54 | 40 | 46 | 37 | 46 | 52 |
| ROCE % | 3 | 4 | 4 | 6 | 5 | 5 | 6 | 6 | 6 | -4 |

## 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 | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% |
| 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 | 34.51% | 35.19% | 35.05% | 34.69% | 34.85% | 34.85% | 34.67% | 34.66% | 34.76% | 34.76% | 34.77% | 34.82% |
| Others | 1.48% | 0.8% | 0.94% | 1.3% | 1.14% | 1.14% | 1.32% | 1.33% | 1.23% | 1.23% | 1.22% | 1.16% |
| No. of Shareholders | 8115 | 8249 | 8285 | 8299 | 8678 | 9392 | 9250 | 9106 | 8967 | 8871 | 9106 | 8932 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 16.38 | Buy |
| EMA (10) | 16.54 | Buy |
| SMA (20) | 16.31 | Buy |
| EMA (20) | 16.78 | Buy |
| SMA (50) | 18.39 | Sell |
| EMA (50) | 18.15 | Sell |
| SMA (100) | 20.76 | Sell |
| EMA (100) | 19.98 | Sell |
| SMA (200) | 22.87 | Sell |
| EMA (200) | 22.82 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.31 | Neutral |
| MACD (12,26,9) | -0.49 | Buy |
| Stochastic (14,3,3) | 54.22 | Neutral |
| ADX (14) | 16.2 | Neutral |
| Williams %R (14) | -49.89 | Neutral |
| ATR (14) | 1.25 | High Volatility |
| ROC (12) | 3.19 | Buy |
| Stoch RSI (14) | 79.32 | Neutral |
| UO (7,14,28) | 43.81 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18da50c7-2828-4c0e-8f9e-5cbb27a9b9c6.pdf) |
| 2026-08-26 | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Designation Of Compliance Officer On An Interim Basis](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e985f47-3669-42f3-9f70-bf913e758fdd.pdf) |
| 2026-08-26 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3254177a-558f-4e75-afb0-00ff9ce020de.pdf) |
| 2026-08-26 | [Intimation Of Notice Of 33Rd Annual General Meeting Of Rathi Bars Limited Will Be Held On Thursday 17 Day Of September 2026 At 12:00 Noon IST Through Video Conferencing ("VC") / Audio-Video Means ("AVM")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9dbf8ec-7a31-4c52-a148-a8c7e52e60ed.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2edee957-1e9f-4936-a80c-5dfa7cc6c9f4.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 12 August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca43422a-ddeb-461f-8eb1-b60f5cb62375.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Wednesday The 12Th Day Of August 2026 At 03:00 P.M.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3d583e4-e1b0-4807-9cfe-124b5cb1509f.pdf) |
| 2026-07-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c4702c1-0fed-48ce-99cb-3e41ad80a7d4.pdf) |
| 2026-06-24 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05fc6288-cd0d-4ff3-91e6-dad59abb50dc.pdf) |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e619eeb-1e3f-4f18-8b9f-1d33acb01b6a.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results-Financial Results For Quarter Ended On 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=782a5b2b-ffd7-4e4f-accf-744a12a5b66a.pdf) |
| 2026-05-28 | [Quarterly And Yearly Results For The Fy Ended Mrach 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=afcbb930-71bb-41bf-8482-264361327db5.pdf) |
| 2026-01-21 | [Regulation 33 Of SEBI (LODR) Regulations 2015- Un-Audited Financial Results (Standalone & Single Segment) For Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e8e3463-c1ec-46e2-95d1-1347a8a277f3.pdf) |
| 2025-11-12 | [Financial Results For The Quarter & Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff60f291-ea0a-4ba8-9a93-410de8ff7f90.pdf) |
| 2025-11-12 | [Financial Results For The Quarter & Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a44ce76b-dc4f-4c8d-9408-66dfebb1ed15.pdf) |
| 2025-08-12 | [Results- Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e83a8f3-9a91-467d-8e70-79864fd4db20.pdf) |
| 2025-05-29 | [Integrated Financial Results For The Year End On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c5b0593-599a-47f3-bd3c-aefddd79e99d.pdf) |
| 2025-02-11 | [Results-Financial Results For The Quarter Ending 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=faab96bd-98ad-48eb-9bfd-8e3385d48d4c.pdf) |
| 2024-11-14 | [Consider And Approve Un-Audited Financial Results Of The Company For The Second Quarter Of FY 2024-25, Ended 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d605028d-71dd-49c8-9070-d7a533f618b0.pdf) |
| 2024-08-12 | [Outcome Of Board Meeting_Unaudited Financial Results For The Quarter Ended On 30, June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c7ad77e-a690-4b46-af69-f1d5f0faee34.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31,2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31,2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e5adbe4-cd79-4fd8-aaa0-13e45d92c44d.pdf) |
| 7 Feb - Infomerics reaffirmed Mahamaya Steel's long-term bank facilities rating at IVR BBB Stable on 07-02-2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 Feb - Infomerics reaffirmed Mahamaya Steel's long-term bank facilities rating at IVR BBB Stable on 07-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7234367-f197-4884-9efa-4790fb7d216e.pdf) |
| 6 Jan - Certificate confirming dematerialisation processed within 15 days for quarter ended 31 December 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan - Certificate confirming dematerialisation processed within 15 days for quarter ended 31 December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b704d64-ac23-4cdc-9858-ded691e8935a.pdf) |
| 6 Feb - Board meeting 13 Feb 2026 to approve unaudited results for quarter and nine months ended 31-Dec-2025; trading window closed. | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 13Th February, 2026 6 Feb - Board meeting 13 Feb 2026 to approve unaudited results for quarter and nine months ended 31-Dec-2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ef15995-1fe8-418b-bf27-c13ccb7dfa1e.pdf) |
| 6 Apr - Board meets on 10 April 2026 to note CS resignation, operations suspension, and revival/debt restructuring plans. | [Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On Friday, The 10Th Day Of April ,2026 6 Apr - Board meets on 10 April 2026 to note CS resignation, operations suspension, and revival/debt restructuring plans.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f2b71e2-697c-4420-a87a-58296e8573e9.pdf) |
| 25 Mar - Ms. Bharti Chitkara resigned as Company Secretary & Compliance Officer effective 22 March 2026 (resignation dated 16 March 2026). | [Announcement under Regulation 30 (LODR)-Cessation 25 Mar - Ms. Bharti Chitkara resigned as Company Secretary & Compliance Officer effective 22 March 2026 (resignation dated 16 March 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5aa0250-9107-467f-8ebb-72baf91d4fa4.pdf) |
| 25 Mar - Company Secretary Bharti Chitkara resigned effective 22 March 2026; disclosure clarified filed 23 March 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 25 Mar - Company Secretary Bharti Chitkara resigned effective 22 March 2026; disclosure clarified filed 23 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4432cab-ab86-4a39-8fb5-09fb212363f4.pdf) |
| 23 Mar - Ms. Bharti Chitkara resigned as Company Secretary and Compliance Officer, effective 22 March 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 23 Mar - Ms. Bharti Chitkara resigned as Company Secretary and Compliance Officer, effective 22 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76e7966b-4dec-4657-8529-a36313fe5491.pdf) |
| 23 Mar - Company Secretary Ms. Bharti Chitkara resigned effective 22 March 2026 (resignation dated 16 March 2026). | [Announcement under Regulation 30 (LODR)-Cessation 23 Mar - Company Secretary Ms. Bharti Chitkara resigned effective 22 March 2026 (resignation dated 16 March 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1cd9d25-2f17-4fc5-8e57-ffd5353f5750.pdf) |
| 23 Apr - Promoter group confirms no share encumbrance in FY2025-26. | [Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 23 Apr - Promoter group confirms no share encumbrance in FY2025-26.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bb938cf-56d6-45c4-bc3d-02c9aeed3479.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/482b04c0-1838-4cc7-ab47-a22d297a2b53.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9efa2cc-cb9b-4ece-bbe3-4d490b8cf705.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d46243b9-7caa-4f8a-8d20-52a67927dd96.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af6d3493-5c2c-49f4-804e-b898618287cf.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c68cc743-a379-4bd7-a6c0-da336d6a37d2.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c42177b-0bd3-424f-8028-9338509d2a63.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/76249513554.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532918/76525532918.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/70223513554.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532918/71551532918.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D0CEA165_6308_4856_8484_B03B94FB9795_135346.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 2026-09-13T18:59:09.360Z.