---
title: "Vedavaag Systems Ltd (533056) — Share Price, Financials & Analysis"
symbol: "533056"
company: "Vedavaag Systems Ltd"
canonical: "https://tapetide.com/stocks/533056"
isin: "INE359B01010"
nse_symbol: "VEDAVAAG"
bse_code: "533056"
sector: "Information Technology"
industry: "IT Enabled Services"
market_cap_cr: 58.64
generated_at: "2026-09-13T20:03:43.094Z"
---

# Vedavaag Systems Ltd (533056)

Canonical page: https://tapetide.com/stocks/533056

## Company

- **NSE Symbol:** VEDAVAAG
- **BSE Code:** 533056
- **ISIN:** INE359B01010
- **Sector:** Information Technology
- **Industry:** IT Enabled Services
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2000-08-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vedavaag.com

## About

Incorporated in 1998, Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance and 
Insurance Services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:11.737065Z.

- **Market Cap:** ₹58.64 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.6
- **EPS (TTM):** ₹1.77
- **Book Value:** ₹65.11
- **Price to Book:** 0.34
- **Dividend Yield:** 2.25%
- **ROE:** 5.67%
- **ROCE:** 7.56%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹128.54 Cr
- **Net Income:** ₹5.02 Cr
- **EBITDA:** ₹12.3 Cr
- **52-Week High:** ₹22.21
- **52-Week Low:** ₹16.98
- **RSI (14):** 1.75

## 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 | 54.26 | 9% |
| growth | 42.21 | 9% |
| momentum | 47.69 | 12% |
| ownership | 50 | 24% |
| quality | 63.14 | 22% |
| valuation | 79.14 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.36 times its book value

### Weaknesses

- Promoter holding is low: 35.2%
- Company has a low return on equity of 5.10% over last 3 years.
- Promoters have pledged 42.4% of their holding.
- Company has high debtors of 170 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -95.38% | -97.71% | -97.34% |
| ebitda margin growth | 23.81% | -35.75% | -45.21% | -46.8% |
| net income growth | 450% | -40.24% | -12% | -6% |
| revenue growth | -55.26% | 21.38% | 15% | 13% |
| roce | 32.26% | 8% | -0.4% | 7.79% |
| roe | 423.81% | -4.06% | 5.85% | -6.74% |

## 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 | 31.13 | 15.84 | 22.97 | 22.29 | 25.04 | 29.49 | 28.97 | 31.11 | 21.62 | 26.42 | 49.53 | 22.12 |
| Expenses | 24.59 | 13.46 | 17.96 | 18.95 | 20.72 | 21.09 | 29.41 | 26.88 | 18.66 | 23.38 | 47.33 | 19.56 |
| Operating Profit | 6.54 | 2.38 | 5.01 | 3.34 | 4.32 | 8.4 | -0.44 | 4.23 | 2.96 | 3.04 | 2.2 | 2.56 |
| OPM % | 21.01 | 15.03 | 21.81 | 14.98 | 17.25 | 28.48 | -1.52 | 13.6 | 13.69 | 11.51 | 4.44 | 11.57 |
| Other Income | 0 | 0 | 0.08 | 0 | 0 | 0 | 0.14 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0 | 0.19 | 0.12 | 0.12 | 0.18 | 0.73 | 0.23 | 0.22 | 0.2 | 0.71 | 0.15 |
| Depreciation | 2.53 | 0.94 | 2.41 | 0.52 | 0.54 | 3.96 | -1.75 | 0.96 | 0.96 | 0.96 | 0.96 | 0.91 |
| Profit before tax | 4 | 1.44 | 2.49 | 2.7 | 3.66 | 4.26 | 0.72 | 3.04 | 1.78 | 1.88 | 0.53 | 1.5 |
| Tax % | 21.75 | 23.61 | 12.45 | 24.81 | 25.41 | 26.06 | 31.94 | 28.95 | 31.46 | 13.3 | 62.26 | 26 |
| Net Profit | 3.13 | 1.11 | 2.19 | 2.03 | 2.74 | 3.15 | 0.49 | 2.15 | 1.22 | 1.62 | 0.21 | 1.1 |
| EPS in Rs | 1.37 | 0.48 | 0.96 | 0.89 | 1.2 | 1.37 | 0.21 | 0.92 | 0.52 | 0.69 | 0.09 | 0.47 |

### 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 | 92 | 77 | 76 | 71 | 95 | 85 | 87 | 106 | 129 | 120 |
| Expenses | 66 | 61 | 62 | 56 | 78 | 69 | 70 | 90 | 116 | 109 |
| Operating Profit | 25 | 17 | 14 | 15 | 17 | 16 | 17 | 16 | 12 | 11 |
| OPM % | 28 | 22 | 18 | 21 | 18 | 19 | 19 | 15 | 10 | 9 |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 3 | 4 | 4 |
| Profit before tax | 22 | 13 | 8 | 10 | 11 | 10 | 10 | 11 | 7 | 6 |
| Tax % | 30 | 22 | 25 | 28 | 25 | 25 | 20 | 26 | 28 | — |
| Net Profit | 15 | 10 | 6 | 7 | 8 | 8 | 8 | 8 | 5 | 4 |
| EPS in Rs | 9.41 | 4.36 | 2.73 | 3.05 | 3.62 | 3.31 | 3.44 | 3.62 | 2.22 | 1.77 |
| Dividend Payout % | 11 | 23 | 18 | 20 | 17 | 18 | 22 | 14 | 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 | 14 | 16 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 44 | 62 | 83 | 87 | 92 | 98 | 104 | 110 | 125 | 129 |
| Borrowings | 0 | 5 | 0 | 5 | 5 | 5 | 4 | 2 | 5 | 1 |
| Other Liabilities | 38 | 35 | 20 | 18 | 18 | 20 | 26 | 32 | 31 | 46 |
| Total Liabilities | 96 | 118 | 126 | 133 | 138 | 146 | 157 | 167 | 184 | 200 |
| Fixed Assets | 26 | 32 | 31 | 37 | 37 | 31 | 32 | 25 | 28 | 24 |
| CWIP | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 70 | 86 | 88 | 96 | 102 | 115 | 125 | 142 | 157 | 176 |
| Total Assets | 96 | 118 | 126 | 133 | 138 | 146 | 157 | 167 | 184 | 200 |

### 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 | 9 | -7 | -8 | 4 | 8 | 3 | 10 | 5 | 0 | 3 |
| Cash from Investing Activity | -16 | -10 | -11 | -11 | -6 | -1 | -7 | 0 | -6 | 0 |
| Cash from Financing Activity | 10 | 11 | 20 | 6 | -2 | -2 | -3 | -4 | 7 | -3 |
| Net Cash Flow | 3 | -6 | 1 | -1 | 0 | 0 | 0 | 1 | 1 | -1 |
| Free Cash Flow | -7 | -17 | -19 | -7 | 3 | 2 | 3 | 5 | -6 | 3 |
| CFO/OP | 69 | -9 | -34 | 45 | 72 | 35 | 78 | 49 | 19 | 40 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 106 | 225 | 196 | 105 | 60 | 81 | 122 | 134 | 153 | 170 |
| Inventory Days | 152 | — | — | — | — | — | — | — | — | — |
| Days Payable | 218 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 40 | 225 | 196 | 105 | 60 | 81 | 122 | 134 | 153 | 170 |
| Working Capital Days | 98 | 198 | 334 | 263 | 271 | 291 | 349 | 406 | 396 | 294 |
| ROCE % | 29 | 31 | 14 | 8 | 8 | 9 | 8 | 8 | 9 | 6 |

## 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 | 35.98% | 35.98% | 35.98% | 35.98% | 35.98% | 35.98% | 35.53% | 35.16% | 35.16% | 35.16% | 35.16% | 35.16% |
| FIIs | 0% | 0% | 0% | 0% | 4.2% | 3.76% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 2.92% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 61.45% | 61.36% | 62.1% | 61.94% | 56.82% | 57.34% | 58.04% | 57.68% | 55.42% | 57.89% | 57.89% | 58.37% |
| Others | 2.56% | 2.66% | 1.92% | 2.08% | 3% | 2.91% | 3.51% | 7.16% | 9.43% | 6.95% | 6.96% | 6.47% |
| No. of Shareholders | 13202 | 12748 | 15320 | 15138 | 15280 | 14714 | 16611 | 16619 | 16085 | 15716 | 15415 | 15924 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 19.24 | Buy |
| EMA (10) | 19.89 | Buy |
| SMA (20) | 18.89 | Buy |
| EMA (20) | 19.39 | Buy |
| SMA (50) | 19.71 | Buy |
| EMA (50) | 19.62 | Buy |
| SMA (100) | 20.46 | Buy |
| EMA (100) | 20.44 | Buy |
| SMA (200) | 21.86 | Buy |
| EMA (200) | 23.68 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 80.04 | Sell |
| MACD (12,26,9) | 0.34 | Buy |
| Stochastic (14,3,3) | 78.9 | Neutral |
| ADX (14) | 29.33 | Buy |
| Williams %R (14) | -26.52 | Neutral |
| ATR (14) | 1.37 | High Volatility |
| ROC (12) | 26.38 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 60.73 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=423d2d34-0c61-4b38-a1d4-1a43ac30b2ca.pdf) |
| 2026-09-05 | [28Th Annual General Meeting - September 30 2026 @ 10:00 A.M.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ff35c1f-bee3-4c3b-a7de-9ac540e03efe.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5363ae8c-726e-43c1-bdb1-b3a55675e1f6.pdf) |
| 2026-08-29 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59f76e4f-9288-4520-a991-e0ac61e01547.pdf) |
| 2026-08-29 | [Book Closure Period](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c71126b5-e31a-4fb7-8230-3344781d250f.pdf) |
| 2026-08-22 | [Board Meeting Intimation for Fixing The Date Time And Venue Of 28Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56553587-39d6-4974-9e47-aff06debd265.pdf) |
| 2026-08-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58bd3430-a55d-4fa5-b04f-3b7bc0442d6c.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0132be5-af0d-4b62-9568-ab733970c8f3.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec9df0c0-e2d1-4166-bd01-e5370faaf04d.pdf) |
| 2026-07-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3da420c-f683-44a2-b65a-9098fcd05ad3.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6703c0a-a399-46cd-8699-ef526de2f53d.pdf) |
| 2026-05-30 | [Audited Financial Results For The Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2aafb9ba-5319-4b06-952f-705d64000398.pdf) |
| 2026-02-13 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb9e4755-eb8e-4e6f-b5da-8f7e78d2c131.pdf) |
| 2025-11-14 | [Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db1b7d24-e9a0-4db1-bb75-b673947842c4.pdf) |
| 2025-08-14 | [Submission Of Un-Audited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=121d54a9-23ad-4962-b601-7b16f85c1326.pdf) |
| 2025-05-30 | [Results - For The Financial Year Ending March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=242a67c0-8da7-43bd-bb68-240aee8a761c.pdf) |
| 2025-05-30 | [Results - For The Financial Year Ending March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a415ea82-f44f-4ef5-acd9-6875024f0906.pdf) |
| 2025-02-14 | [Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02cbbaab-49cf-4932-bc8c-a04e597cb6f3.pdf) |
| 2024-11-14 | [Approved Un-Audited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47266ed5-7590-4be5-b7d3-07ab801e3064.pdf) |
| 2024-08-14 | [Un-Audited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78e2cfc9-6992-4321-bb10-42463b8d43fe.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 November 2025 - MAKS H1 results: auditor qualified over ₹477.37L receivables; adjusted loss ₹470.86L. | [Outcome of Board Meeting 8 November 2025 - MAKS H1 results: auditor qualified over ₹477.37L receivables; adjusted loss ₹470.86L.](https://nsearchives.nseindia.com/corporate/MAKSGROUP_08112025201743_MAKSOUTCOMESEP2025.pdf) |
| 8 November 2025 - Board approved H1 results (30 Sep 2025); auditors qualified over ₹477.37L receivables. | [Outcome of Board Meeting 8 November 2025 - Board approved H1 results (30 Sep 2025); auditors qualified over ₹477.37L receivables.](https://nsearchives.nseindia.com/corporate/MAKSGROUP_08112025203801_MAKSOUTCOMESEP2025.pdf) |
| 5h - Vedavaag Systems says it is not a Large Corporate for FY2026 under SEBI norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 5h - Vedavaag Systems says it is not a Large Corporate for FY2026 under SEBI norms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc399e27-df63-4686-be90-a1f8dfc12102.pdf) |
| 5 Feb - Board meeting on Feb 13, 2026 to approve unaudited Q3 and nine-month results ended Dec 31, 2025. | [Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results For Quarter Ended 31 December, 2025. 5 Feb - Board meeting on Feb 13, 2026 to approve unaudited Q3 and nine-month results ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6b77d25-6799-4a78-a99e-75b6a6089933.pdf) |
| 4 May - 73,98,800 of 79,38,000 warrants lapsed on Apr 23, 2026; 25% upfront amount forfeited. | [Board Meeting Outcome for Intimation Of Lapse Of Warrants And Forfeiture Of Amount 4 May - 73,98,800 of 79,38,000 warrants lapsed on Apr 23, 2026; 25% upfront amount forfeited.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdde2750-8741-44c9-9b9b-6ad555848183.pdf) |
| 4 May - 73,98,800 of 79,38,000 warrants lapsed on Apr 23, 2026; 25% upfront amount forfeited. | [Board Meeting Outcome for Intimation Of Lapse Of Warrants And Forfeiture Of Amount 4 May - 73,98,800 of 79,38,000 warrants lapsed on Apr 23, 2026; 25% upfront amount forfeited.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fdde2750-8741-44c9-9b9b-6ad555848183.pdf) |
| 29 December 2025 - Mr. Ketan Harishchandra Shah resigns as Non-Executive Director effective December 29, 2025, due to professional commitments. | [Resignation 29 December 2025 - Mr. Ketan Harishchandra Shah resigns as Non-Executive Director effective December 29, 2025, due to professional commitments.](https://nsearchives.nseindia.com/corporate/MAKSGROUP_29122025183335_MAKS291225.pdf) |
| 20 Apr - Vedavaag Systems says it is not a Large Corporate for FY2026 under SEBI norms. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr - Vedavaag Systems says it is not a Large Corporate for FY2026 under SEBI norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc399e27-df63-4686-be90-a1f8dfc12102.pdf) |
| 14 October 2025 - Reg 74(5) certificate for quarter ended 30 Sep 2025: all shares demat, no remat/demat requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 14 October 2025 - Reg 74(5) certificate for quarter ended 30 Sep 2025: all shares demat, no remat/demat requests.](https://nsearchives.nseindia.com/corporate/MAKSGROUP_14102025183550_MAKSREG745.pdf) |
| 14 Feb - Results for the quarter and nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Results for the quarter and nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aee62658-18f2-4936-999f-854e3e75baa5.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28352_MAKS_2024_2025_A_2030084_03092025201412.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25596_MAKS_2023_2024_03092024185953.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23246_MAKS_2022_2023_02092023093818_09022023100000.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6da6a5cb-655e-45d8-8cc8-d8fe2bead3ec.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32c6154c-bb60-400e-9c9b-943d47702fae.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abeaa44e-34bc-46e4-8c1a-7bf718e60b82.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533056/76677533056.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533056/71239533056.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533056/68208533056.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533056/5330560319.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2024-11-25 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d570bf83-9587-4c22-bfe3-b7b0014a0ef3.pdf) |
| 2022-02-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79b2761f-0dad-40e6-8b0f-29e7a1479798.pdf) |
| 2021-11-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6255f1e6-04d9-43b4-ae68-145c978efb9f.pdf) |
| 2021-08-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5033de6d-3cb7-4a1a-b72d-b90766e1cdbd.pdf) |
| 2021-07-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87cd4e5d-b117-48e7-b7f0-f4077d8309c3.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d570bf83-9587-4c22-bfe3-b7b0014a0ef3.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6255f1e6-04d9-43b4-ae68-145c978efb9f.pdf) |
| Jul 2021 | [Concall - Jul 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/87cd4e5d-b117-48e7-b7f0-f4077d8309c3.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79b2761f-0dad-40e6-8b0f-29e7a1479798.pdf) |
| Aug 2021 | [Concall - Aug 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5033de6d-3cb7-4a1a-b72d-b90766e1cdbd.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 2026-09-13T20:03:43.094Z.