---
title: "Earkart Limited (544549) — Share Price, Financials & Analysis"
symbol: "544549"
company: "Earkart Limited"
canonical: "https://tapetide.com/stocks/544549"
isin: "INE1A8F01035"
nse_symbol: "EARKARTLTD"
bse_code: "544549"
sector: "Healthcare"
industry: "Medical Equipment"
market_cap_cr: 189.8
generated_at: "2026-09-13T18:34:47.494Z"
---

# Earkart Limited (544549)

Canonical page: https://tapetide.com/stocks/544549

## Company

- **NSE Symbol:** EARKARTLTD
- **BSE Code:** 544549
- **ISIN:** INE1A8F01035
- **Sector:** Healthcare
- **Industry:** Medical Equipment
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** earkart.in

## About

Earkart an Indian tech-driven hearing healthcare company dedicated to making advanced audiology services and hearing aids more accessible, affordable, and transparent. Listed on the BSE SME platform, it operates across India and neighboring countries, specializing in both manufacturing and distributing modern digital hearing solutions

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:04.363651Z.

- **Market Cap:** ₹189.8 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹47.02
- **Price to Book:** 2.94
- **Dividend Yield:** 0%
- **ROE:** 34.55%
- **ROCE:** 46.91%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹54.04 Cr
- **Net Income:** ₹5.44 Cr
- **EBITDA:** ₹8.36 Cr
- **52-Week High:** ₹265.95
- **52-Week Low:** ₹104.35
- **RSI (14):** 55.48

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 161 days to 237 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 171% | 336.67% | — |
| ebitda margin growth | -32.28% | 31.18% | 437.98% |
| net income growth | -21.16% | 56% | — |
| revenue growth | 25.09% | 23% | 56.81% |
| roce | 72.34% | 105.93% | 24.78% |
| roe | 47.27% | 26% | 72.84% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 23.55 | 22.29 | 31.75 |
| Expenses | 18.59 | 19.15 | 26.53 |
| Operating Profit | 4.96 | 3.14 | 5.22 |
| OPM % | 21.06 | 14.09 | 16.44 |
| Other Income | 0.06 | 0.02 | 0.08 |
| Interest | 0.19 | 0.39 | 0.16 |
| Depreciation | 0.16 | 0.23 | 0.43 |
| Profit before tax | 4.67 | 2.54 | 4.71 |
| Tax % | 29.34 | 27.17 | 34.61 |
| Net Profit | 3.31 | 1.85 | 3.08 |
| EPS in Rs | 1.59 | 1.35 | 2.24 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 5.66 | 28.92 | 31.75 | 43.11 | 54.04 |
| Expenses | 5.52 | 27.29 | 28.17 | 33.32 | 45.69 |
| Operating Profit | 0.14 | 1.63 | 3.58 | 9.79 | 8.35 |
| OPM % | 2.47 | 5.64 | 11.28 | 22.71 | 15.45 |
| Other Income | 0.04 | 0.05 | 0.21 | 0.09 | 0.11 |
| Interest | 0.01 | 0.08 | 0.36 | 0.44 | 0.54 |
| Depreciation | 0.06 | 0.15 | 0.19 | 0.42 | 0.66 |
| Profit before tax | 0.11 | 1.45 | 3.24 | 9.02 | 7.26 |
| Tax % | 0 | 9.66 | 5.86 | 23.61 | 31.96 |
| Net Profit | 0.11 | 1.31 | 3.06 | 6.88 | 4.93 |
| EPS in Rs | 22 | 262 | 612 | 6.59 | 3.58 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.05 | 0.05 | 0.05 | 10.44 | 13.75 |
| Reserves | 4.72 | 6.49 | 12.97 | 9.48 | 50.59 |
| Borrowings | 0.27 | 1.23 | 4.02 | 4.96 | 0 |
| Other Liabilities | 0.91 | 6.96 | 2.21 | 5.41 | 5.15 |
| Total Liabilities | 5.95 | 14.73 | 19.25 | 30.29 | 69.49 |
| Fixed Assets | 0.22 | 0.25 | 1.06 | 1.17 | 5.88 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.46 | 0.1 | 0.19 | 0.83 | 0.15 |
| Other Assets | 4.27 | 14.38 | 18 | 28.29 | 63.46 |
| Total Assets | 5.95 | 14.73 | 19.25 | 30.29 | 69.49 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.83 | -0.3 | -1 | 0.71 | -12.56 |
| Cash from Investing Activity | -1.78 | 0.4 | -1.29 | -1.32 | -5.18 |
| Cash from Financing Activity | 4.68 | 0.41 | 3.08 | -0.41 | 39.06 |
| Net Cash Flow | 0.07 | 0.51 | 0.8 | -1.01 | 21.32 |
| Free Cash Flow | -3.11 | -0.48 | -1.99 | 0.18 | -17.93 |
| CFO/OP | -2007 | -17 | -22 | 30 | -122 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 104.47 | 59.32 | 72.89 | 157.23 | 142.31 |
| Inventory Days | 138.26 | 100.9 | 113.12 | 95.52 | 121.11 |
| Days Payable | 92.17 | 107.33 | 19.28 | 44.04 | 19.96 |
| Cash Conversion Cycle | 150.56 | 52.89 | 166.73 | 208.7 | 243.46 |
| Working Capital Days | 192.17 | 60.83 | 108.06 | 139.02 | 237.21 |
| ROCE % | — | 23.89 | 29.02 | 45.13 | 17.48 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 78.75% | 57.34% | 57.34% |
| FIIs | 0% | 5.14% | 0% |
| DIIs | 0% | 12.61% | 21.95% |
| Government | 0% | 0% | 0% |
| Public | 0% | 20.8% | 16.94% |
| Others | 21.25% | 4.1% | 3.77% |
| No. of Shareholders | 42 | 42 | 240 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 9 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 122.36 | Buy |
| EMA (10) | 125.83 | Buy |
| SMA (20) | 133.23 | Sell |
| EMA (20) | 128.7 | Sell |
| SMA (50) | 135.21 | Sell |
| EMA (50) | 134.21 | Sell |
| SMA (100) | 141.75 | Sell |
| EMA (100) | 146.99 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.87 | Neutral |
| MACD (12,26,9) | -3.63 | Buy |
| Stochastic (14,3,3) | 60.87 | Neutral |
| ADX (14) | 20.86 | Neutral |
| Williams %R (14) | -46.15 | Neutral |
| ATR (14) | 7.45 | High Volatility |
| ROC (12) | -2.27 | Sell |
| Stoch RSI (14) | 66.33 | Neutral |
| UO (7,14,28) | 55.43 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-17 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73ca2781-768f-4d9a-8b6f-57d566fecc99.pdf) |
| 2026-07-17 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb209541-def3-409f-b0cd-6f9df243623f.pdf) |
| 2026-07-15 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fd7b1a2-0eb8-480e-a7d6-83b48c046bef.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28c6fdbe-12c2-4641-9224-8c66fe9babef.pdf) |
| 2026-06-30 | [Newspaper Advertisement- Public Notice To The Members For The 5Th Annual General Meeting Of The Company Scheduled To Be Held On Wednesday 15 July 2026 Through Video Conferencing(VC)/ Other Audio-Visual Means(OAVM)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f72a4dd6-20f7-4f23-9dd0-011f8db57829.pdf) |
| 2026-06-23 | [Intimation Of Date Of 5Th Annual General Meeting (AGM) Of The Company For The FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be9eb60c-a831-49ee-ae9c-a872bfc02875.pdf) |
| 2026-06-22 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2547413a-0289-4be7-b08b-4f8b03c311c9.pdf) |
| 2026-05-30 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0ac5652-932d-412e-8e6b-071be239a69a.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 29 May 2026 Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65642a54-ddda-49a6-a726-1c62b61db6e8.pdf) |
| 2026-05-29 | [Declaration Pursuant To Regulation 33(3)(D) Of The SEBI(Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended In Respect Of Audit Report With Unmodified Opinion For The Financial Year Ended 31 March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0c78fb5-8f58-4ca3-8b40-e1eed91e9024.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=005e70c8-6f4c-4911-acb6-81902bb86b52.pdf) |
| 2025-11-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87b7b590-da1c-4fdd-8b15-daa5531b45c9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Financial Results For The Half Year Ended And Year Ended On 31 March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e41cb35f-a73c-404f-a3e8-7720cb4d57ab.pdf) |
| 2025-11-14 | [Unaudited Standalone Financial Results Of The Company For The Quarter And Half Year Ended 30 September 2025 Along With Limited Review Report Issued By The Peer Reviewed Auditor M/S Gianender & Associates Chartered Accountants.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3854f977-b48f-4cd0-b3df-1af9f5c13b23.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 4 May - Postal ballot approved change in utilization of unutilized IPO proceeds; results declared 1 May 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 4 May - Postal ballot approved change in utilization of unutilized IPO proceeds; results declared 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e511da4-c761-44b6-a7fe-2e299802e21f.pdf) |
| 4 May - Postal ballot approved change in utilization of unutilized IPO proceeds; results declared 1 May 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 4 May - Postal ballot approved change in utilization of unutilized IPO proceeds; results declared 1 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e511da4-c761-44b6-a7fe-2e299802e21f.pdf) |
| 30 Mar - Appointed M/s. Arvind Aggarwal & Associates as internal auditor for FY2025-26 on March 30, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Mar - Appointed M/s. Arvind Aggarwal & Associates as internal auditor for FY2025-26 on March 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ac91358-848d-4f3c-975d-3f75cddf8a0d.pdf) |
| 28 Jan - RBI approved Mr. Deepak Kumar’s appointment as Director on January 28, 2026; board applied Oct 13, 2025. | [Intimation Regarding Receipt Of RBI Approval For Appointment Of Director 28 Jan - RBI approved Mr. Deepak Kumar’s appointment as Director on January 28, 2026; board applied Oct 13, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5cd5a984-6eb8-4dd8-80be-2fd85ab32fed.pdf) |
| 26 Feb - NCD terms amended; trustee/holder consent obtained; call option April 06, 2026; INR 500,000,000 redemption illustrated. | [Intimation Regarding Amendment In Terms Of Non-Convertible Debentures Issued By SG Finserve Limited ('Company' ) Bearing The ISIN: INE618R07012 Pursuant To Regulation 51(2) Of SEBI (LODR) Regulations, 2015 26 Feb - NCD terms amended; trustee/holder consent obtained; call option April 06, 2026; INR 500,000,000 redemption illustrated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50e4f380-4816-4b07-a594-a0326307a90e.pdf) |
| 26 Feb - Earkart Inc. incorporated Delaware (20 Jan 2026); EIN Feb 20 2026; 100% ownership, 1,000 $0.1 shares; US audiology platform. | [Announcement under Regulation 30 (LODR)-Acquisition 26 Feb - Earkart Inc. incorporated Delaware (20 Jan 2026); EIN Feb 20 2026; 100% ownership, 1,000 $0.1 shares; US audiology platform.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6bcdec94-0903-4280-99cf-33b11c154b1e.pdf) |
| 23 Jan - Valueportal transcript (20 Jan 2026): Omni patent, FY revenue Rs43cr, 1.5 lakh units, 80 clinics, 1,500-clinic target. | [Submission Of Transcript Of Valueportal Event Held On Tuesday, January 20, 2026 At 14:00 P.M. 23 Jan - Valueportal transcript (20 Jan 2026): Omni patent, FY revenue Rs43cr, 1.5 lakh units, 80 clinics, 1,500-clinic target.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/959969b4-f3ca-48c2-a691-38b5bd5e2212.pdf) |
| 20 Mar - Board meeting on 30 Mar 2026 to consider varying IPO proceeds utilization and extending utilization timeline. | [Board Meeting Intimation for Prior Intimation Of The Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015, As Amended ('SEBI LODR Regulations')- Board Meeting To Be Held On 30Th March 2026 20 Mar - Board meeting on 30 Mar 2026 to consider varying IPO proceeds utilization and extending utilization timeline.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9647c4b-43ee-4a76-a6c3-f34522a9dfec.pdf) |
| 20 Jan - Earkart virtual Valueportal investor interaction on Jan 20, 2026; general overview; no UPSI; audio posted online. | [Submission Of Voice Recording Of Valueportal Event Held On January 20, 2026. 20 Jan - Earkart virtual Valueportal investor interaction on Jan 20, 2026; general overview; no UPSI; audio posted online.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/18afcf13-0d42-4a7f-bf21-2f89ed14e6b5.pdf) |
| 2 Apr - Postal ballot seeks approval to reallocate unutilized IPO proceeds into working capital, pharma, and acquisitions. | [Shareholder Meeting/ Postal Ballot- Notice Of Postal Ballot 2 Apr - Postal ballot seeks approval to reallocate unutilized IPO proceeds into working capital, pharma, and acquisitions.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5635da24-baba-4a75-910d-27f85a10e3b4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73ca2781-768f-4d9a-8b6f-57d566fecc99.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1b35d90-ffed-40e3-b650-13e47186b8ee.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91faef69-24ce-461e-96dd-14acfe3f7bdc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/286c28c1-89e0-4184-990a-7c469f1a9832.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/76159539199.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/71510539199.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/67343539199.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/5391990319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/5391990318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539199/5391990317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/287268d0-8b55-4253-8b4f-29f169a5100f.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94cbd2c0-08b2-4236-9277-cc6297bc7bc5.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a13367e-8eac-46c9-9a9b-d52c089003ad.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7660943-cedc-4c24-bb81-32810b4f26df.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2124d7f5-e187-40d8-a489-ec097911147e.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ce9a4b1-9069-4f52-a9da-bfd17d860550.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf8441d6-8a59-4d38-b3be-b14a34754b4a.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/750b1f42-00a6-425d-86d5-5dfbde9daf78.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92ad777b-fd92-4206-a379-25b9f80939a0.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c6bf5c3-e0a3-4c90-abd2-1c8377ab8fdd.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2025-12-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6a6e2d4-6dcd-4bbb-a5ce-2fe565885313.pdf) |
| 2025-11-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e70e206-bb19-405f-bc0a-d3d3343eed1d.pdf) |
| 2025-11-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=143a0393-0b60-48b1-80f8-2dbea58425fe.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2025-12-04 | [Submission Of Audio Recording Of Earnings Call.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b75b77f-4746-4893-ac49-bf7cf6c255b8.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 2026-09-13T18:34:47.494Z.