---
title: "Keto Motors Ltd (537392) — Share Price, Financials & Analysis"
symbol: "537392"
company: "Keto Motors Ltd"
canonical: "https://tapetide.com/stocks/537392"
bse_code: "537392"
sector: "Consumer Discretionary"
industry: "Retailing"
generated_at: "2026-09-13T19:20:38.480Z"
---

# Keto Motors Ltd (537392)

Canonical page: https://tapetide.com/stocks/537392

## Company

- **BSE Code:** 537392
- **Sector:** Consumer Discretionary
- **Industry:** Retailing
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2014-02-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** taazastores.com

## About

Established in 2001, Taaza International is engaged in Bio Pesticides, Bio Fertilizers and Pulses and Trading of Building Material. The company also operates retail stores which deals in the food segment.

## Latest Price

## Key Insights

### Weaknesses

- Stock is trading at 33.2 times its book value
- Company has a low return on equity of -0.72% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 881 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 750% | -32% | 8% |

## 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 2.13 | 6.34 |
| Expenses | 0.03 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 0.15 | 1.32 | 5.66 |
| Operating Profit | -0.03 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | -0.13 | -0.11 | 0.81 | 0.68 |
| OPM % | — | — | — | — | — | — | — | — | — | -275 | 38.03 | 10.73 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.75 | 0.25 |
| Profit before tax | -0.03 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | -0.13 | -0.11 | 0.07 | 0.43 |
| Tax % | 0 | 0 | — | — | — | — | — | — | 0 | 0 | 14.29 | 0 |
| Net Profit | -0.03 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.13 | -0.11 | 0.06 | 0.44 |
| EPS in Rs | -0.04 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -4.53 | -0.08 | 0.01 | 0.06 |

### 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 | 55.05 | 7.08 | 1.04 | 0 | 0 | 0 | 0 | 0 | 2.13 | 8.51 |
| Expenses | 53.6 | 9.51 | 1.16 | 0.34 | 0.16 | 0.07 | 0.06 | 0.01 | 1.62 | 7.26 |
| Operating Profit | 1.45 | -2.43 | -0.12 | -0.34 | -0.16 | -0.07 | -0.06 | -0.01 | 0.51 | 1.25 |
| OPM % | 2.63 | -34.32 | -11.54 | — | — | — | — | — | 23.94 | 14.69 |
| Other Income | 0 | 0 | -0.65 | 0.03 | 0 | 0 | 0 | 0 | 0.08 | 0.03 |
| Interest | 1.2 | 0.1 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.02 |
| Depreciation | 0.14 | 0.13 | 0.11 | 0.1 | 0.1 | 0.02 | 0 | 0 | 0.75 | 1 |
| Profit before tax | 0.11 | -2.66 | -0.89 | -0.41 | -0.26 | -0.09 | -0.06 | -0.01 | -0.18 | 0.26 |
| Tax % | -54.55 | -0.38 | -1.12 | -4.88 | -23.08 | 44.44 | 16.67 | 400 | 22.22 | — |
| Net Profit | 0.18 | -2.65 | -0.88 | -0.39 | -0.2 | -0.13 | -0.07 | -0.05 | -0.22 | 0.26 |
| EPS in Rs | 0.25 | -3.65 | -1.21 | -0.54 | -0.28 | -0.18 | -0.1 | -0.07 | -0.03 | -4.54 |
| 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 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 70.43 |
| Reserves | 3.89 | 4.07 | 1.42 | 0.53 | 0.14 | -0.06 | -0.13 | -0.2 | -0.25 | -11.62 |
| Borrowings | 1.27 | 0.42 | 0 | 0 | 0 | 0 | 0.06 | 2.32 | 3.23 | 37.97 |
| Other Liabilities | 31.22 | 29.8 | 2.1 | 1.51 | 0.61 | 0.6 | 0.56 | 0.56 | 0.58 | 10.46 |
| Total Liabilities | 43.64 | 41.55 | 10.78 | 9.3 | 8.01 | 7.8 | 7.75 | 9.94 | 10.82 | 107.24 |
| Fixed Assets | 2.24 | 2.1 | 1.97 | 0.25 | 0.04 | -0.06 | 0 | 0 | 0 | 51.46 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.05 |
| Other Assets | 40.53 | 38.58 | 7.94 | 8.18 | 7.1 | 6.99 | 6.88 | 9.07 | 9.95 | 55.73 |
| Total Assets | 43.64 | 41.55 | 10.78 | 9.3 | 8.01 | 7.8 | 7.75 | 9.94 | 10.82 | 107.24 |

### 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 | -2.4 | 1.43 | -0.32 | -1.67 | -0.11 | -0.11 | 0 | 0 | 0 | -0.6 |
| Cash from Investing Activity | 2 | 0 | 0 | 1.62 | 0.13 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.7 | -0.84 | -0.42 | 0 | 0 | 0 | 0 | 0 | 0.91 | -0.02 |
| Net Cash Flow | -1.09 | 0.59 | -0.74 | -0.05 | 0.02 | -0.11 | 0 | 0 | 0.91 | -0.62 |
| Free Cash Flow | -2.4 | 1.43 | -0.32 | -1.67 | -0.11 | -0.11 | 0 | 0 | 0 | -0.6 |
| CFO/OP | -33 | 99 | 13 | 1392 | 32 | 69 | 0 | 0 | 0 | -118 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103.98 | 204.68 | 284.58 | 2432.16 | — | — | — | — | — | 880.8 |
| Inventory Days | 10.65 | 24.54 | 42.3 | 0 | — | — | — | — | — | 28000.71 |
| Days Payable | 99.59 | 200.92 | 59.62 | — | — | — | — | — | — | 23229.64 |
| Cash Conversion Cycle | 15.03 | 28.3 | 267.25 | 2432.16 | — | — | — | — | — | 5651.87 |
| Working Capital Days | 22.89 | 46.35 | 263.95 | 2112.79 | — | — | — | — | — | 7527.91 |
| ROCE % | 53.05 | 10.84 | -25.06 | -2.79 | -5.79 | -3.56 | -1.25 | -0.72 | -0.1 | -0.3 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.07% | 36.07% | 36.07% | 36.07% | 36.07% | 36.07% | 21.01% | 21.01% | 21.01% | 92.5% | 92.33% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.86% | 0.86% |
| Public | 63.93% | 63.93% | 63.93% | 63.93% | 63.93% | 63.93% | 79% | 79% | 78.99% | 6.65% | 6.81% |
| No. of Shareholders | 919 | 922 | 927 | 931 | 939 | 1500 | 1570 | 4906 | 4698 | 3212 | 3336 |

### 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 | 21.01% | 21.01% | 21.01% | 21.01% | 21.01% | 21.01% | 21.01% | 21.01% | 0% | 63.25% | 92.5% | 92.33% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.86% | 0.86% |
| Public | 78.99% | 79% | 79% | 79.01% | 78.99% | 78.99% | 78.99% | 78.99% | 100% | 36.75% | 6.65% | 6.81% |
| No. of Shareholders | 1674 | 4686 | 4906 | 4876 | 4698 | 4698 | 4698 | 4698 | 3418 | 3174 | 3212 | 3336 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 7 / 5 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4.45 | Buy |
| EMA (10) | 4.46 | Buy |
| SMA (20) | 4.31 | Buy |
| EMA (20) | 4.52 | Buy |
| SMA (50) | 5.21 | Sell |
| EMA (50) | 5.04 | Sell |
| SMA (100) | 5.87 | Sell |
| EMA (100) | 5.92 | Sell |
| SMA (200) | 7.85 | Sell |
| EMA (200) | 7.8 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.59 | Neutral |
| MACD (12,26,9) | -0.15 | Buy |
| Stochastic (14,3,3) | 76.56 | Neutral |
| ADX (14) | 28.7 | Buy |
| Williams %R (14) | -31.86 | Neutral |
| ATR (14) | 0.35 | High Volatility |
| ROC (12) | 13.68 | Buy |
| Stoch RSI (14) | 86.72 | Sell |
| UO (7,14,28) | 53.08 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Allotted 5,60,47,800 shares on 31-03-2026 under NCLT-approved 3:2 merger; promoters rise to 92.49%. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 31.03.2026 9h - Allotted 5,60,47,800 shares on 31-03-2026 under NCLT-approved 3:2 merger; promoters rise to 92.49%.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/932dfd16-8c0e-4fa0-b3a1-df6c889b0413.pdf) |
| 7 Mar - Company renamed from Taaza International Limited to Keto Motors Limited effective March 7, 2026; certificate enclosed. | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 7 Mar - Company renamed from Taaza International Limited to Keto Motors Limited effective March 7, 2026; certificate enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b311b837-192a-4d7e-8d46-344eb38a24bd.pdf) |
| 7 Mar - Company name changed from Taaza International Limited to Keto Motors Limited effective 07.03.2026. | [Announcement under Regulation 30 (LODR)-Change of Company Name 7 Mar - Company name changed from Taaza International Limited to Keto Motors Limited effective 07.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/742cfc5a-2173-46df-a649-7d1fdedd2850.pdf) |
| 5 Sep - Copy of Newspaper advertisement confirming dispatch of the Notice of the 26th Annual General Meeting | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Copy of Newspaper advertisement confirming dispatch of the Notice of the 26th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8cc72d5-c6db-4341-bbf5-443d68f9d437.pdf) |
| 4 Sep - Annual report submitted; 26th AGM on 29 Sept 2026 via VC, e-voting 25–28 Sept. | [Reg. 34 (1) Annual Report. 4 Sep - Annual report submitted; 26th AGM on 29 Sept 2026 via VC, e-voting 25–28 Sept.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc6570b9-6e48-4a35-80dc-90c8e7cdb887.pdf) |
| 4 Aug - Board meeting on 13 Aug 2026 to approve Q1 FY2027 unaudited financial results; trading window closed from 1 July. | [Board Meeting Intimation for The Board Meeting To Be Held On 13.08.2026 4 Aug - Board meeting on 13 Aug 2026 to approve Q1 FY2027 unaudited financial results; trading window closed from 1 July.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2ca281f-e0b7-4aad-9926-9df94d380405.pdf) |
| 30 Jun - Board appointed M/s. M M Reddy & Co. as internal auditor for FY 2026-27. | [Disclosure under Regulation 30A of LODR 30 Jun - Board appointed M/s. M M Reddy & Co. as internal auditor for FY 2026-27.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e1c3dba-43f2-4f96-b333-e8ef6edc9c3a.pdf) |
| 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbcfca6a-cf82-4ead-b67b-6921dcb556c8.pdf) |
| 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbcfca6a-cf82-4ead-b67b-6921dcb556c8.pdf) |
| 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 30 Apr - On 30 Apr 2026, Keto Motors confirmed it is not a large corporate under SEBI debt rules.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cbcfca6a-cf82-4ead-b67b-6921dcb556c8.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad4ccad8-5513-4e73-9dcd-99a30772ef3f.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/160663b7-9f83-42dc-94f8-c437bc020f96.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e0466f4-4985-4999-8c0f-1232b1648c25.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6e3f1f9-d11c-4878-9802-8456cedf3a14.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b2efd01-93ff-4c8c-a592-5fedebc40517.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f517dabf-6cd7-4073-bc85-229162fed44c.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c355b20-87b6-4e91-acf6-7a2003626083.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b747c06a-d89f-4ba6-8214-24ca29609bbd.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dc3db14-74e9-4e3e-ac73-26c3e3f99dcf.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c1ba582-b174-4903-a298-bc6fcedf7df7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19cb8311-94c1-43fa-bc1f-317f70266d99.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a40ff0f-55fb-40f0-bd37-a36a747ee7cb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f0ed81a-44f6-4db8-a11c-7db66c0ce0d3.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82e5cec1-6446-4ab6-8de6-960711141812.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5fbd0f7c-464c-4db5-9b2c-1a67f58557b1.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/537392/76596537392.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523828/74380523828.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/537392/71636537392.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523828/68729523828.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523828/5238280320.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 2026-09-13T19:20:38.480Z.