---
title: "Arman Holdings Ltd (538556) — Share Price, Financials & Analysis"
symbol: "538556"
company: "Arman Holdings Ltd"
canonical: "https://tapetide.com/stocks/538556"
isin: "INE510P01018"
nse_symbol: "ARMANHLDGSLTD"
bse_code: "538556"
sector: "Financial Services"
industry: "Investment Company"
market_cap_cr: 60.45
generated_at: "2026-09-13T18:53:29.504Z"
---

# Arman Holdings Ltd (538556)

Canonical page: https://tapetide.com/stocks/538556

## Company

- **NSE Symbol:** ARMANHLDGSLTD
- **BSE Code:** 538556
- **ISIN:** INE510P01018
- **Sector:** Financial Services
- **Industry:** Investment Company
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **CEO:** Mr. Deepak Kumar Babel
- **Employees:** 5
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** armanholdings.in

## About

Incorporated in 1982, Arman Holdings Ltd deals in Textile Products, Precious Metal & Stones, and Plastic & related products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:41:32.323538Z.

- **Market Cap:** ₹60.45 Cr
- **Classification:** Microcap
- **P/E (reported):** 36.7
- **EPS (TTM):** ₹3.2
- **EPS (reported):** ₹0.04
- **Book Value:** ₹14.1
- **Price to Book:** 8.3
- **Dividend Yield:** 0%
- **ROE:** 12.94%
- **ROCE:** 17.22%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹3.6 Cr
- **Net Income:** ₹1 Cr
- **EBITDA:** ₹1.3 Cr
- **52-Week High:** ₹121
- **52-Week Low:** ₹80.85
- **RSI (14):** 52.51

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 97%
- **Data coverage:** 94%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 73.34 | 9% |
| growth | 98.9 | 9% |
| momentum | 71.65 | 12% |
| ownership | 34.79 | 24% |
| quality | 53.81 | 22% |
| valuation | 31.99 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Debtor days have improved from 222 to 118 days.

### Weaknesses

- Stock is trading at 8.34 times its book value
- Promoter holding has decreased over last quarter: -3.10%
- Promoter holding is low: 21.8%
- Company has a low return on equity of 5.01% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| ebitda margin growth | 12.5% | — | — | — |
| net income growth | 16.67% | — | 262% | — |
| revenue growth | 688.89% | -2.7% | -5% | 18% |
| roce | — | — | — | 3.67% |
| roe | — | — | 4.33% | — |

## 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 | 1.53 | 0.24 | 0.76 | 0 | 0 | 0 | 3.67 | 0.33 | 0.35 | 1.1 | 1.79 | 14.22 |
| Expenses | 1.5 | 0.24 | 0.75 | 0.07 | 0.03 | 0.04 | 3.54 | 0.34 | 0.34 | 0.68 | 0.95 | 13.28 |
| Operating Profit | 0.03 | 0 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| OPM % | 1.96 | 0 | 1.32 | — | — | — | 3.54 | -3.03 | 2.86 | 38.18 | 46.93 | 6.61 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.03 | 0 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| Tax % | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.19 | 25 | 25.53 |
| Net Profit | 0.03 | 0 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.32 | 0.64 | 0.7 |
| EPS in Rs | 0.06 | 0 | 0.02 | -0.13 | -0.06 | -0.08 | 0.25 | -0.02 | 0.02 | 0.61 | 1.23 | 1.34 |

### 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 | 3.13 | 3.77 | 4.08 | 1.57 | 4.07 | 4.16 | 4.39 | 3.67 | 3.57 | 17.46 |
| Expenses | 3.27 | 3.75 | 4.05 | 1.56 | 4.03 | 4.12 | 4.36 | 3.68 | 2.3 | 15.25 |
| Operating Profit | -0.14 | 0.02 | 0.03 | 0.01 | 0.04 | 0.04 | 0.03 | -0.01 | 1.27 | 2.21 |
| OPM % | -4.47 | 0.53 | 0.74 | 0.64 | 0.98 | 0.96 | 0.68 | -0.27 | 35.57 | 12.66 |
| Other Income | 0.17 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.03 | 0.04 | 0.04 | 0.01 | 0.04 | 0.03 | 0.03 | -0.01 | 1.27 | 2.21 |
| Tax % | 33.33 | 25 | 25 | 0 | 25 | 33.33 | 33.33 | 0 | 24.41 | — |
| Net Profit | 0.02 | 0.03 | 0.03 | 0 | 0.02 | 0.02 | 0.02 | -0.02 | 0.95 | 1.67 |
| EPS in Rs | 0.04 | 0.06 | 0.06 | 0 | 0.04 | 0.04 | 0.04 | -0.04 | 1.82 | 3.2 |
| Dividend Payout % | 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 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 |
| Reserves | 1.6 | 1.13 | 1.03 | 1.06 | 1.37 | 1.4 | 0.72 | 0.84 | 1.07 | 2.13 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.66 | 0.99 | 0.4 | 0.08 | 0.03 | 0.02 | 0.36 | 0.75 | 0.03 | 0.37 |
| Total Liabilities | 7.47 | 7.33 | 6.64 | 6.35 | 6.61 | 6.63 | 6.29 | 6.8 | 6.31 | 7.71 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 2.34 | 2.17 | 2.17 | 2.59 | 2.6 | 1.65 | 1.79 | 2.12 | 2.27 |
| Other Assets | 4.47 | 4.99 | 4.47 | 4.18 | 4.02 | 4.02 | 4.63 | 5.01 | 4.19 | 5.44 |
| Total Assets | 7.47 | 7.33 | 6.64 | 6.35 | 6.61 | 6.63 | 6.29 | 6.8 | 6.31 | 7.71 |

### 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 | 0.21 | 0.24 | -0.71 | -0.16 | 0 | 0.03 | -0.01 | 0.06 | -0.02 | 1.15 |
| Cash from Investing Activity | 0.15 | 0.16 | 0.02 | 0.01 | 0 | -0.02 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.36 | 0.4 | -0.69 | -0.15 | 0 | 0.01 | -0.01 | 0.06 | -0.02 | 1.15 |
| Free Cash Flow | 0.21 | 0.24 | -0.71 | -0.16 | 0 | 0.01 | -0.01 | 0.06 | -0.02 | 1.15 |
| CFO/OP | -183 | -179 | -3500 | -500 | 0 | 100 | 0 | 200 | 200 | 91 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 114.26 | 205.24 | 183.95 | 35.78 | 55.8 | 119.28 | 219.35 | 372.48 | 177.03 | 117.58 |
| Inventory Days | 105.92 | 258.84 | 219.21 | 334.5 | 963.49 | 234.17 | 156.96 | 11.35 | 212.31 | 242.18 |
| Days Payable | 105.92 | 116.9 | 40.33 | 7.62 | 8.05 | 0.95 | 32.51 | 65.49 | 2.09 | 10.38 |
| Cash Conversion Cycle | 114.26 | 347.18 | 362.83 | 362.66 | 1011.24 | 352.5 | 343.8 | 318.34 | 387.24 | 349.38 |
| Working Capital Days | 533.22 | 346.34 | 358.22 | 345.32 | 895.06 | 346.17 | 342.19 | 320.93 | 384.89 | 376.25 |
| ROCE % | 0.44 | 0.46 | 0.64 | 0.64 | 0.16 | 0.61 | 0.48 | 0.5 | -0.16 | 18.65 |

## 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 | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 21.83% |
| 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 | 44.17% | 44.17% | 44.17% | 44.17% | 44.16% | 44.15% | 44.15% | 44.15% | 44.15% | 42.09% | 39.68% | 42.58% |
| Others | 30.9% | 30.9% | 30.9% | 30.9% | 30.91% | 30.92% | 30.92% | 30.92% | 30.92% | 32.99% | 35.39% | 35.59% |
| No. of Shareholders | 740 | 745 | 778 | 779 | 806 | 867 | 865 | 894 | 911 | 948 | 983 | 1059 |

## 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 / 5 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 118 | Sell |
| EMA (10) | 117.43 | Buy |
| SMA (20) | 116.63 | Buy |
| EMA (20) | 116.87 | Buy |
| SMA (50) | 114.11 | Buy |
| EMA (50) | 114.79 | Buy |
| SMA (100) | 111.18 | Buy |
| EMA (100) | 111.89 | Buy |
| SMA (200) | 106.54 | Buy |
| EMA (200) | 105.93 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.91 | Neutral |
| MACD (12,26,9) | 0.88 | Sell |
| Stochastic (14,3,3) | 82.92 | Sell |
| ADX (14) | 47.67 | Buy |
| Williams %R (14) | -24.6 | Neutral |
| ATR (14) | 5.5 | High Volatility |
| ROC (12) | 3.34 | Buy |
| Stoch RSI (14) | 40.98 | Neutral |
| UO (7,14,28) | 57.68 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 January 2026 - Clarifies SME exemption; no quarterly results for quarter ended 31 Dec 2025; trading window open. | [Updates 7 January 2026 - Clarifies SME exemption; no quarterly results for quarter ended 31 Dec 2025; trading window open.](https://nsearchives.nseindia.com/corporate/MOVINGMEDIA_07012026185738_Clarification_Letter_MMEL_TW.pdf) |
| 7 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulation for the year from 1/4/2025 to 31/3/2026 | [Compliance Certificate For The Year From 1/4/2025 To 31/3/2026 7 Apr - Compliance Certificate under Regulation 7(3) of SEBI (LODR) Regulation for the year from 1/4/2025 to 31/3/2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82d6b532-3f9d-47b4-b5c6-8af8e553c816.pdf) |
| 30 December 2025 - Trading window closed Jan 1, 2026 until 48 hours after declaration of financial results for quarter ended Dec 31, 2025. | [Trading Window 30 December 2025 - Trading window closed Jan 1, 2026 until 48 hours after declaration of financial results for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/MOVINGMEDIA_30122025222038_Trading_Window_MMEL_Q3_sd.pdf) |
| 25 Mar - Trading window closed April 1, 2026 until 48 hours after financial results for period ended March 31, 2026. | [Closure of Trading Window 25 Mar - Trading window closed April 1, 2026 until 48 hours after financial results for period ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8360ed01-c9ad-4c28-8ffb-fe0f694badb5.pdf) |
| 19 January 2026 - Reconciliation of share capital for quarter ended 31-Dec-2025: issued 18,806,336 shares; NSDL 16,025,336, CDSL 2,781,000. | [Updates 19 January 2026 - Reconciliation of share capital for quarter ended 31-Dec-2025: issued 18,806,336 shares; NSDL 16,025,336, CDSL 2,781,000.](https://nsearchives.nseindia.com/corporate/MOVINGMEDIA_19012026210420_Regulation_76_F_signed.pdf) |
| 19 January 2026 - MMEL declares corporate governance compliance not applicable for quarter ended 31-Dec-2025 under SEBI Regulation 15(2)(b). | [Updates 19 January 2026 - MMEL declares corporate governance compliance not applicable for quarter ended 31-Dec-2025 under SEBI Regulation 15(2)(b).](https://nsearchives.nseindia.com/corporate/MOVINGMEDIA_19012026205807_Regulation_27_2__CG_Report_Non_Applicability_F_Signed.pdf) |
| 19 January 2026 - Certificate under Regulation 74(5) confirming dematerialisation processing for quarter ended 31/12/2025 by RTA. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 19 January 2026 - Certificate under Regulation 74(5) confirming dematerialisation processing for quarter ended 31/12/2025 by RTA.](https://nsearchives.nseindia.com/corporate/MOVINGMEDIA_19012026210044_Regulation_74_5__F.pdf) |
| 19 Feb - Yarigate sold 5,615 shares (0.11%) of Arman Holdings on 18/02/2026; total holding now 450,000 (8.64%). | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 19 Feb - Yarigate sold 5,615 shares (0.11%) of Arman Holdings on 18/02/2026; total holding now 450,000 (8.64%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/986A8F03_E8AC_4FA2_A167_83D42DED98A6_092221.pdf) |
| 18 Feb - Publication of Postal Ballot Notice in newspaper | [Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Feb - Publication of Postal Ballot Notice in newspaper](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e5cc907-b7aa-4f14-8867-7579024e35b5.pdf) |
| 16h - Special window opened till 04 Feb 2027 for transfer and dematerialization of old physical shares. | [General Announcement 16h - Special window opened till 04 Feb 2027 for transfer and dematerialization of old physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/661cc112-8482-4d19-ad07-e575ec443772.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8B4B8A6F_A74C_41D8_8B98_BD6567D5AEBF_130725.pdf) |
| 2026-09-10 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3F0D5F91_8718_40B9_BD01_41920F477D44_130835.pdf) |
| 2026-09-10 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66207CC0_619C_44D8_BBED_32BC40F08BCD_130935.pdf) |
| 2026-09-09 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A762E09E_FCE2_4DFE_9844_F399C93C9D4A_120355.pdf) |
| 2026-09-08 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7AB72DB0_C147_4E78_AF6C_F6D3EFC64E6F_113440.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=BFDE4A09_E658_45E3_A9D6_0D6BF8538EE4_104848.pdf) |
| 2026-09-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35ABFBB6_9A37_47E7_998D_361499B9DC50_105234.pdf) |
| 2026-09-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3D5FAD0D_4B41_4450_AAF8_84F5DA5B94CD_105535.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8df225f-eb96-46fe-9e9a-384a381247ee.pdf) |
| 2026-08-28 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C15543D0_99EB_496F_AA5D_D71CE5CE6E2E_113609.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Unaudited Financial Results For 1St Quarter Ended 30/6/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b75982fd-4ed5-425e-9504-297ba5db904c.pdf) |
| 2026-05-30 | [Audited Financial Results For FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f1096f4-18e3-448e-87f6-e2372074dee4.pdf) |
| 2026-02-13 | [Unaudited Standalone Financial Results For Quarter And Nine Months Ended 31/3/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29159815-9ac8-4650-aca3-51bccd2f4afa.pdf) |
| 2025-11-13 | [Financial Results For Quarter Ended 30/9/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1263dda-68c8-4241-9c8a-f6fff3b4a9db.pdf) |
| 2025-11-04 | [Financial Results For Quarter Ended 30/9/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4e719e1-ec76-489d-92e8-182438fd5f9f.pdf) |
| 2025-08-14 | [Unaudited Financial Results For Quarter Ended June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=459692c8-eebe-4511-93ea-d61695c8fdd1.pdf) |
| 2025-05-29 | [Audited Financial Results For The Financial Year Ended 31/3/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d19197b-3c34-42db-8592-b2f34022e16a.pdf) |
| 2025-02-19 | [Unaudited Financial Results For The 3Rd Quarter And Nine Months Ended 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c28e630-f946-4361-9a7c-a1ceb1fcd7e7.pdf) |
| 2025-02-14 | [Financial Results For The Quarter Ended 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a70b38f-5d26-4c90-83d0-22a590cf0937.pdf) |
| 2024-11-14 | [UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf10762c-3ed4-4176-ab4b-3d8fdf3d5e3b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28514_MMEL_2024_2025_A_11587279_04092025233711.pdf) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ddf850b-0294-4ecb-a0c1-da456744e7d2.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5673134d-323b-40b4-8980-ad0cf87221c8.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a8e2fe3-6769-490a-bc9c-f0611f935f12.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30a74437-cd27-451e-85a6-7353d12da9bd.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/538556/74066538556.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/538556/69569538556.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/538556/64928538556.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/538556/5385560319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/538556/5385560318.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 2026-09-13T18:53:29.504Z.