---
title: "Sonal Mercantile Ltd (538943) — Share Price, Financials & Analysis"
symbol: "538943"
company: "Sonal Mercantile Ltd"
canonical: "https://tapetide.com/stocks/538943"
isin: "INE321M01017"
nse_symbol: "SONAL"
bse_code: "538943"
sector: "Financial Services"
industry: "NBFC"
market_cap_cr: 133.38
generated_at: "2026-09-13T18:27:44.423Z"
---

# Sonal Mercantile Ltd (538943)

Canonical page: https://tapetide.com/stocks/538943

## Company

- **NSE Symbol:** SONAL
- **BSE Code:** 538943
- **ISIN:** INE321M01017
- **Sector:** Financial Services
- **Industry:** NBFC
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2015-02-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sonalmercantile.in

## About

Incorporated in 1985, Sonal Mercantile Ltd is an NBFC which provides short term and long term finance

## Latest Price

- **Price:** ₹86.25
- **Change:** -3.83 (-4.25%)
- **Open:** ₹90.5
- **Day High:** ₹90.5
- **Day Low:** ₹86.25
- **Previous Close:** ₹90.08
- **Volume:** 108
- **As Of:** 2026-09-11T05:18:23+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:34.337224Z.

- **Market Cap:** ₹133.38 Cr
- **Classification:** Microcap
- **P/E (reported):** 6.7
- **P/E (TTM):** 6.39
- **EPS (TTM):** ₹13.49
- **Book Value:** ₹261.51
- **Price to Book:** 0.34
- **Dividend Yield:** 0%
- **ROE:** 2.98%
- **ROCE:** 5.8%
- **Debt to Equity:** 0.74
- **Revenue (yearly):** ₹40.8 Cr
- **Net Income:** ₹11.5 Cr
- **EBITDA:** ₹39.5 Cr
- **52-Week High:** ₹104.75
- **52-Week Low:** ₹82.5
- **RSI (14):** 51.4

## 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:** 94%
- **Data coverage:** 88%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 37.6 | 9% |
| growth | 47.59 | 9% |
| momentum | 43.31 | 12% |
| ownership | 50 | 24% |
| quality | 75.66 | 22% |
| valuation | 76.89 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.33 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 24.9%
- Company has a low return on equity of 8.14% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | — | 181.2% |
| ebitda margin growth | -60.61% | -1.35% | -1.81% | 0.05% |
| net income growth | -62.86% | 10.58% | 13% | 13% |
| revenue growth | -62.69% | 15.25% | 16% | 17% |
| roce | -60.3% | 2.84% | -9.94% | 5.43% |
| roe | -62.39% | 2.41% | 3.21% | 21.14% |

## 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 | 10.05 | 9.36 | 10.26 | 9.43 | 9.07 | 8.23 | 8.56 | 9.34 | 9.79 | 8.26 | 13.37 | 5.2 |
| Expenses | 0.15 | -0.05 | 0.14 | 0.08 | 0.03 | 0.22 | 0.12 | 0.22 | 0.33 | 0.51 | 0.21 | -0.19 |
| Financing Profit | 3.53 | 3.58 | 5.11 | 3.59 | 3.56 | 3.21 | 3.72 | 3.07 | 3.14 | 1.89 | 7.42 | 1.39 |
| Financing Margin % | 35.12 | 38.25 | 49.81 | 38.07 | 39.25 | 39 | 43.46 | 32.87 | 32.07 | 22.88 | 55.5 | 26.73 |
| Other Income | 0 | 0 | 0.02 | 0 | 0 | 0 | -0.08 | 0 | 0 | 0 | 0 | -0.16 |
| Interest | 6.37 | 5.83 | 5.01 | 5.76 | 5.48 | 4.8 | 4.72 | 6.05 | 6.32 | 5.86 | 5.74 | 4 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Profit before tax | 3.52 | 3.57 | 5.12 | 3.58 | 3.55 | 3.2 | 3.63 | 3.06 | 3.13 | 1.88 | 7.41 | 1.23 |
| Tax % | 25 | 25.21 | 25.2 | 25.14 | 25.35 | 26.25 | 25.34 | 25.16 | 26.52 | 29.79 | 25.24 | 25.2 |
| Net Profit | 5.23 | 6.62 | 7.32 | 7.73 | 7.78 | 7.38 | 9.43 | 8.44 | 7.63 | 2.58 | 7.03 | 2.64 |
| EPS in Rs | 3.55 | 4.49 | 4.97 | 5.24 | 5.28 | 5.01 | 6.4 | 5.73 | 5.18 | 1.75 | 4.77 | 1.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 4 | 13 | 19 | 21 | 26 | 39 | 35 | 41 | 37 |
| Expenses | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Financing Profit | 1 | 3 | 6 | 8 | 10 | 16 | 14 | 16 | 14 |
| Financing Margin % | 23 | 20 | 34 | 39 | 40 | 40 | 40 | 38 | 38 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 9 | 11 | 12 | 15 | 23 | 21 | 24 | 22 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 6 | 8 | 11 | 16 | 14 | 15 | 14 |
| Tax % | 25 | 25 | 25 | 26 | 25 | 25 | 26 | 26 | — |
| Net Profit | 5 | 6 | 14 | 17 | 18 | 24 | 32 | 26 | 20 |
| EPS in Rs | 3.15 | 4.41 | 9.65 | 11.55 | 12.21 | 16.42 | 21.93 | 17.42 | 13.49 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 161 | 170 | 202 | 233 | 275 | 299 | 343 | 371 |
| Borrowing | 67 | 134 | 138 | 159 | 304 | 291 | 257 | 295 |
| Other Liabilities | 0 | 8 | 26 | 17 | 15 | 16 | 16 | 17 |
| Total Liabilities | 244 | 327 | 381 | 423 | 608 | 621 | 632 | 697 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 153 | 164 | 195 | 220 | 253 | 259 | 293 | 326 |
| Other Assets | 90 | 163 | 185 | 203 | 355 | 355 | 332 | 365 |
| Total Assets | 244 | 327 | 381 | 423 | 608 | 621 | 632 | 697 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -59 | -59 | 0 | -21 | -1 | 0 | 1 | 17 |
| Cash from Investing Activity | 0 | -4 | -4 | 0 | 1 | 0 | 0 | -18 |
| Cash from Financing Activity | 65 | 58 | 3 | 21 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 6 | -6 | 0 | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | -59 | -59 | 0 | -21 | -1 | 0 | 1 | 17 |
| CFO/OP | -1849 | -485 | 10 | -97 | 5 | 11 | 14 | 54 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 3 | 4 | 7 | 7 | 7 | 8 | 10 | 7 |

## 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 | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% | 24.92% |
| 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 | 28.67% | 28.45% | 28.4% | 28.37% | 28.31% | 28.3% | 28.38% | 28.3% | 27.9% | 27.46% | 27.04% | 26.47% |
| Others | 46.42% | 46.63% | 46.68% | 46.71% | 46.78% | 46.78% | 46.7% | 46.78% | 47.19% | 47.62% | 48.04% | 48.61% |
| No. of Shareholders | 1967 | 1940 | 1943 | 1880 | 2079 | 2122 | 2108 | 2074 | 2026 | 1890 | 1816 | 1782 |

## 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) | 87.73 | Sell |
| EMA (10) | 88.32 | Sell |
| SMA (20) | 88.97 | Sell |
| EMA (20) | 88.83 | Sell |
| SMA (50) | 90.3 | Sell |
| EMA (50) | 90.53 | Sell |
| SMA (100) | 93.48 | Sell |
| EMA (100) | 93.24 | Sell |
| SMA (200) | 98.23 | Sell |
| EMA (200) | 96.6 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.75 | Neutral |
| MACD (12,26,9) | -0.74 | Buy |
| Stochastic (14,3,3) | 47.3 | Neutral |
| ADX (14) | 13.99 | Neutral |
| Williams %R (14) | -67.39 | Neutral |
| ATR (14) | 3.51 | High Volatility |
| ROC (12) | -5.01 | Sell |
| Stoch RSI (14) | 40.46 | Neutral |
| UO (7,14,28) | 50.16 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75675f1f-b51e-4996-b8df-b46ce1b4169e.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56079762-f7b8-4057-a75d-f04dfa5bcc62.pdf) |
| 2026-09-03 | [Enclosed 41St Annual Report Along With Notice Of Annual General Meeting For The Financial Year 2025 - 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ec47ece-9e59-4f93-adfb-a924d2972106.pdf) |
| 2026-09-03 | [Disclosure Under Regulations 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (The Listing Regulations) - Letter To The Members](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=391312a6-1dc1-41d3-a6ce-5add0797fcf3.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=161969a3-9797-4d61-8493-6fa4305ad14b.pdf) |
| 2026-09-02 | [The Register Of Members Of Company Will Remain Closed From Thursday 24Th September 2026 To Wednesday 30Th September 2026 (Both Days Inclusive) For The Purpose Of 41St Annual General Meeting Of The Company Scheduled To Be Held On Wednesday 30Th September 2](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4efe5c43-c5e9-446a-a3bb-ed34ec798330.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f00c8047-00fe-4f56-8f46-494bdd5d7754.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Enclosed Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30.06.2026 And Other Businesses.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b92cb77c-5cc3-41b5-80cf-381802b02025.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Board Meeting Of The Company Scheduled To Be Held On 12.08.2026 To Consider And Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026 And Other Business.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c9e5529-5c51-4e10-a91e-2557983c0059.pdf) |
| 2026-07-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2618e4d3-731f-41bf-b388-0e9f9f278280.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Enclosed Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30.06.2026 And Other Businesses.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9db946b1-f4c3-414c-a1cf-80f3cf2ca443.pdf) |
| 2026-05-29 | [Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31.03.2026 And Other Businesses.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f7ffd97-67e9-4733-953c-2f0cf32dee28.pdf) |
| 2026-02-13 | [ENCLOSED UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31ST 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11bf7b82-db19-465b-943e-880d1fb42b6c.pdf) |
| 2025-11-14 | [Enclosed Unaudited Standalone & Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025 Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13544061-6e3a-4699-bee2-209f678fc055.pdf) |
| 2025-08-13 | [Submission Of The Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30 June 2025 And Other Business.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9386f20-7de1-4334-baef-ddbc231cc797.pdf) |
| 2025-05-30 | [Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31 2025 And Other Business.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8852aff9-c8fa-4117-bdf1-17e09350a758.pdf) |
| 2025-02-13 | [Considered And Approved Unaudited Standalone & Consolidated Financial Results For The Quarter Ended 31.12.2024 And Other Businesses.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c39a706-92ab-45c2-beb9-dca0771494ee.pdf) |
| 2024-11-14 | [Approved The Unaudited Standalone And Consolidated Financial Results For The Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a58633e0-c6cf-43b5-931c-8ca360a8dd3c.pdf) |
| 2024-08-13 | [To Approve The Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30, 2024, Of The Company And Other Matters.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=deb10096-5cf9-4f51-87dd-36f72cddb128.pdf) |
| 2024-05-30 | [Considered And Approved The Financial Results For The Year Ended 31.03.2024 And Other Businesses.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a8a390e-8fa7-490f-9737-ac352f71e1fd.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th April, 2026 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c7f4cc9-38ff-4e99-9cba-9ab4bba30ae9.pdf) |
| 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026. | [Disclosure Under Reg 30 Of SEBI (LODR) Reg, 2015- Appointment Of Internal Auditor For The FY 2026-27 7 Apr - Board appointed Mrs. Nishu as Internal Auditor for FY 2026-27 on 7 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/521f5758-b3ae-49e2-a0d1-edf80d927e21.pdf) |
| 5 February 2026 - Appointed Mr. Raju Maroti Pamalwad as Independent Director from 05-Feb-2026 for five years, subject to shareholder approval. | [Change in Director(s) 5 February 2026 - Appointed Mr. Raju Maroti Pamalwad as Independent Director from 05-Feb-2026 for five years, subject to shareholder approval.](https://nsearchives.nseindia.com/corporate/MVKAGRO_05022026190211_Intimation_of_Appointment_of_ID_S.pdf) |
| 5 Feb - Board meeting Feb 13, 2026 to approve unaudited standalone and consolidated results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for Advance Intimation Of Board Meeting For Considering The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended December 31, 2025. 5 Feb - Board meeting Feb 13, 2026 to approve unaudited standalone and consolidated results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74b336cb-623c-4a08-8322-f9433ab25630.pdf) |
| 3 Apr - Promoters filed Regulation 31(4) disclosures for FY ended 31 March 2026; one entity holds 36,72,396 shares. | [Enclosed Disclosures From Promoters & Promoter Group Of The Company Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) REG, 2011 For Financial Year Ended 31St March, 2026. 3 Apr - Promoters filed Regulation 31(4) disclosures for FY ended 31 March 2026; one entity holds 36,72,396 shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d4d6426-243f-419f-968a-f7f21e53dbef.pdf) |
| 25 Feb - Enclosed newspaper publication of special window for transfer and dematerialisation of Physical shares pursuant to SEBI Circular dated 30.01.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb - Enclosed newspaper publication of special window for transfer and dematerialisation of Physical shares pursuant to SEBI Circular dated 30.01.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b38e6eba-9e12-41cd-8e13-01a955923ea3.pdf) |
| 24 Feb - SEBI special demat window Feb 05, 2026–Feb 04, 2027 for pre-April 1, 2019 physical shares. | [Intimation Regarding Special Window For Transfer And Dematerialisation Of Physical Shares Pursuant To SEBI Circular Dated 30.01.2026. 24 Feb - SEBI special demat window Feb 05, 2026–Feb 04, 2027 for pre-April 1, 2019 physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c15a60c2-5611-4d19-a449-0898bdfee309.pdf) |
| 23 February 2026 - Received Prior EC (23/02/2026) for 120 KLPD syrup/molasses ethanol plant and 2.5 MW cogeneration in Nanded. | [Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals 23 February 2026 - Received Prior EC (23/02/2026) for 120 KLPD syrup/molasses ethanol plant and 2.5 MW cogeneration in Nanded.](https://nsearchives.nseindia.com/corporate/MVKAGRO_23022026182719_S_Intimation_of_EC.pdf) |
| 23 Apr - Company declared it is not a SEBI large corporate. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr - Company declared it is not a SEBI large corporate.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99b68067-b744-44f9-9205-824de8775726.pdf) |
| 16 Feb - Enclosed Newspaper Advertisement for the Quarter ended 31.12.2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Enclosed Newspaper Advertisement for the Quarter ended 31.12.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a76e441-8667-4943-a34f-6dc724560ec7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28636_MVKAGRO_2024_2025_A_3911293_05092025184911.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25746_MVKAGRO_2023_2024_04092024202010.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99622e12-b2b2-432d-90e8-384c6f5faf44.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31f619dd-e7b8-4215-98c9-6124e26fa532.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/840a1418-14a3-4542-bf0e-d5ba94dfdd95.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/538943/75447538943.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/538943/71218538943.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/538943/67211538943.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/538943/5389430319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/538943/5389430318.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 2026-09-13T18:27:44.423Z.