---
title: "Defrail Technologies Ltd (544677) — Share Price, Financials & Analysis"
symbol: "544677"
company: "Defrail Technologies Ltd"
canonical: "https://tapetide.com/stocks/544677"
isin: "INE0ZE201010"
nse_symbol: "DEFRAILTECHNOLOGIESLTD"
bse_code: "544677"
sector: "Capital Goods"
industry: "Rubber"
market_cap_cr: 50.9
generated_at: "2026-09-13T18:27:52.410Z"
---

# Defrail Technologies Ltd (544677)

Canonical page: https://tapetide.com/stocks/544677

## Company

- **NSE Symbol:** DEFRAILTECHNOLOGIESLTD
- **BSE Code:** 544677
- **ISIN:** INE0ZE201010
- **Sector:** Capital Goods
- **Industry:** Rubber
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-19
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in October 2023, Defrail Technologies Limited is engaged in the business of manufacturing rubber parts and components.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:02.526179Z.

- **Market Cap:** ₹50.9 Cr
- **Classification:** SME
- **P/E (reported):** 12.7
- **Book Value:** ₹34.16
- **Price to Book:** 2.12
- **Dividend Yield:** 0%
- **ROE:** 16.71%
- **ROCE:** 21.3%
- **Debt to Equity:** 0.28
- **Revenue (yearly):** ₹80.5 Cr
- **Net Income:** ₹4 Cr
- **EBITDA:** ₹7.8 Cr
- **52-Week High:** ₹122
- **52-Week Low:** ₹64.15
- **RSI (14):** 53.69

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 45.7 to 59.2 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -32.93% | — | -169.14% |
| ebitda margin growth | 4.4% | -51.08% | — |
| net income growth | 42.86% | 66% | — |
| revenue growth | 29.42% | 34% | — |
| roce | -36.47% | -15.04% | — |
| roe | -48.93% | 39.08% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 32.79 | 41.08 |
| Expenses | 29.78 | 36.9 |
| Operating Profit | 3.01 | 4.18 |
| OPM % | 9.18 | 10.18 |
| Other Income | 0.01 | 0.11 |
| Interest | 0.54 | 0.49 |
| Depreciation | 0.31 | 0.46 |
| Profit before tax | 2.17 | 3.34 |
| Tax % | 16.13 | 26.05 |
| Net Profit | 1.81 | 2.48 |
| EPS in Rs | 3.51 | 3.53 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 33.62 | 29.3 | 61.77 | 80.04 |
| Expenses | 31.47 | 26.74 | 56.23 | 72.51 |
| Operating Profit | 2.15 | 2.56 | 5.54 | 7.53 |
| OPM % | 6.4 | 8.74 | 8.97 | 9.41 |
| Other Income | 0 | 0 | 0.01 | 0.11 |
| Interest | 0.66 | 0.46 | 1.05 | 0.91 |
| Depreciation | 0.27 | 0.34 | 0.63 | 0.81 |
| Profit before tax | 1.22 | 1.76 | 3.87 | 5.92 |
| Tax % | 28.69 | 24.43 | 9.04 | 32.43 |
| Net Profit | 0.88 | 1.33 | 3.52 | 4.01 |
| EPS in Rs | — | 266 | 6.82 | 5.71 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0 | 0 | 5.16 | 7.02 |
| Reserves | 2.5 | 4.81 | 3.82 | 16.81 |
| Borrowings | 3.69 | 6.21 | 10.05 | 6.59 |
| Other Liabilities | 5.39 | 4.2 | 12.74 | 18.59 |
| Total Liabilities | 11.58 | 15.22 | 31.77 | 49.01 |
| Fixed Assets | 5.49 | 8.13 | 11.29 | 12.28 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.89 | 0.89 |
| Other Assets | 6.09 | 7.09 | 19.59 | 35.84 |
| Total Assets | 11.58 | 15.22 | 31.77 | 49.01 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.33 | -0.35 | -0.57 | -1.36 |
| Cash from Investing Activity | -0.25 | -2.98 | -12.52 | -1.8 |
| Cash from Financing Activity | -1.4 | 3.08 | 13.68 | 6.49 |
| Net Cash Flow | 0.69 | -0.26 | 0.59 | 3.32 |
| Free Cash Flow | 2.08 | -3.33 | -11.9 | -3.16 |
| CFO/OP | 108 | 4 | 3 | 2 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 45.06 | 32.26 | 45.62 | 59.24 |
| Inventory Days | 2.07 | 40.7 | 67.45 | 123.1 |
| Days Payable | 67.68 | 57.14 | 104.65 | 114.21 |
| Cash Conversion Cycle | -20.56 | 15.83 | 8.41 | 68.13 |
| Working Capital Days | -20.19 | -30.65 | 0.18 | 54.77 |
| ROCE % | — | 25.8 | 32.75 | 27.62 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 73.51% | 73.6% |
| FIIs | 0% | 6.88% | 4.51% |
| DIIs | 0% | 5.31% | 1.66% |
| Government | 0% | 0% | 0% |
| Public | 0% | 11.09% | 15.44% |
| Others | 0% | 3.21% | 4.78% |
| No. of Shareholders | 7 | 287 | 192 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 71 | Buy |
| EMA (10) | 71.25 | Sell |
| SMA (20) | 70.58 | Buy |
| EMA (20) | 70.88 | Buy |
| SMA (50) | 71.38 | Sell |
| EMA (50) | 72.07 | Sell |
| SMA (100) | 74.74 | Sell |
| EMA (100) | 77.33 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.64 | Neutral |
| MACD (12,26,9) | 0.22 | Buy |
| Stochastic (14,3,3) | 80.37 | Sell |
| ADX (14) | 26.79 | Buy |
| Williams %R (14) | -28.43 | Neutral |
| ATR (14) | 2.68 | High Volatility |
| ROC (12) | 6.81 | Buy |
| Stoch RSI (14) | 62.03 | Neutral |
| UO (7,14,28) | 55.87 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [PROCEEDINGS OF 03RD ANNUAL GENERAL MEETING (AGM) OF DEFRAIL TECHNOLOGIES LIMITED.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28681012-86be-4936-a762-f3cbe244d7f4.pdf) |
| 2026-09-10 | [Submission Of Voting Result And Scrutinizers Report As Per Regulation 44 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68dbab43-083f-40dd-9f48-0a2c75d8bf41.pdf) |
| 2026-08-24 | [Submission Of Addendum To The Notice Of The 03Rd Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd473385-5ab2-4f6b-a416-e0276b0bedce.pdf) |
| 2026-08-18 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8425a98-7614-4cf9-bc8c-43ba2831ecd6.pdf) |
| 2026-08-17 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c00571e-ca70-4806-8956-af0e2b805c12.pdf) |
| 2026-07-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99370ea2-5cda-4d69-b6de-276c6a16e7ad.pdf) |
| 2026-07-06 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af160148-85ed-4cf6-aeae-2960cd1a8ec4.pdf) |
| 2026-07-04 | [Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6495db5f-8e37-475a-9d7f-43f5ddc112e2.pdf) |
| 2026-06-10 | [Clarification For The Non-Submission Of XBRL Filing Of Bagging Receiving Of Orders Contracts.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11897eed-9bc9-4b60-baee-cd4d521f9237.pdf) |
| 2026-05-22 | [Declaration With Respect To Non-Applicability Of Regulation 23(9) SEBI (Listing Obligation And Disclosure Requirements) (Amendment) Regulation 2018 For The Financial Year Ended 31.03.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8bb76172-9cdb-45ce-88e9-afb6008a8361.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-25 | [Rectification Of Discrepancies In Consolidated Audit Report For FY 25-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60c42674-2caf-454d-9879-9ac27a3e25be.pdf) |
| 2026-05-21 | [Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ("The Regulations") We Are Enclosing Herewith Audited Financial Results (Standalone And Consolidated) Of The Company Along With Audit Report (Standa](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91ca9a65-7947-46f8-b367-a1a5da60add6.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 March 2026 - Executives to attend Bharat Connect virtual investor conference on March 10, 2026 at 5:00 PM; no UPSI. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 March 2026 - Executives to attend Bharat Connect virtual investor conference on March 10, 2026 at 5:00 PM; no UPSI.](https://nsearchives.nseindia.com/corporate/SHREEKARNI_05032026153845_Intimation_Investor_Meet_Updates.pdf) |
| 4 Apr - Defrail Technologies confirms it is not a Large Corporate for FY2025-26, as on March 31, 2026. | [Declaration With Regard To Not A Large Corporate For The Financial Year Ended 31.03.2026. 4 Apr - Defrail Technologies confirms it is not a Large Corporate for FY2025-26, as on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e39e2de-00e7-40de-9777-a29a249126cb.pdf) |
| 4 Apr - Declared Annual Secretarial Compliance Report not applicable for FY2025-26 under Regulation 24A. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 4 Apr - Declared Annual Secretarial Compliance Report not applicable for FY2025-26 under Regulation 24A.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/735ee9a4-6c2d-4340-ab1e-1b531b6d0b86.pdf) |
| 27 November 2025 - Uploaded H1 FY26 earnings-call transcript (Nov 24, 2025): revenue INR107 crore, EBITDA INR10.86 crore, PAT INR6.17 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 27 November 2025 - Uploaded H1 FY26 earnings-call transcript (Nov 24, 2025): revenue INR107 crore, EBITDA INR10.86 crore, PAT INR6.17 crore.](https://nsearchives.nseindia.com/corporate/SHREEKARNI_27112025171406_Intimation_Earning_Call_Transcript_Signed.pdf) |
| 26 Mar - Received ₹1,48,00,000 purchase order from Indian Railways (North Eastern Railway) for air brake hose couplings. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Mar - Received ₹1,48,00,000 purchase order from Indian Railways (North Eastern Railway) for air brake hose couplings.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/809c7587-026b-4358-96b4-97c661cdddb9.pdf) |
| 24 November 2025 - Audio recording of Nov 24, 2025 earnings call for H1 FY26 (ended Sep 30, 2025) posted. | [Analysts/Institutional Investor Meet/Con. Call Updates 24 November 2025 - Audio recording of Nov 24, 2025 earnings call for H1 FY26 (ended Sep 30, 2025) posted.](https://nsearchives.nseindia.com/corporate/SHREEKARNI_24112025161842_Intimation_Audio_Recording.pdf) |
| 24 Mar - Trading window closed April 1, 2026 until 48 hours after Q4/FY2026 results declaration. | [Closure of Trading Window 24 Mar - Trading window closed April 1, 2026 until 48 hours after Q4/FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c54bed0b-2ada-42bc-b91f-6090f166f734.pdf) |
| 19 November 2025 - Earnings call Nov 24, 2025 12:00 PM for H1 Sep 30, 2025; MD and CFO attending. | [Analysts/Institutional Investor Meet/Con. Call Updates 19 November 2025 - Earnings call Nov 24, 2025 12:00 PM for H1 Sep 30, 2025; MD and CFO attending.](https://nsearchives.nseindia.com/corporate/SHREEKARNI_19112025141048_Intimation_Earnings_Call.pdf) |
| 19 January 2026 - Company states SEBI corporate governance provisions not applicable due to NSE Emerge SME listing for quarter ended Dec 31, 2025. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 19 January 2026 - Company states SEBI corporate governance provisions not applicable due to NSE Emerge SME listing for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/SHREEKARNI_19012026161327_CG_Report_Non-Applicable.pdf) |
| 14 Apr - Independent Director Vivek Karnavat resigned from Defrail Technologies board effective 13 April 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 14 Apr - Independent Director Vivek Karnavat resigned from Defrail Technologies board effective 13 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6326df7-b407-466b-a62e-e7fa415e6c1f.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SHREEKARNI_24122024103112_Investor_Presentation.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/SHREEKARNI_24082025125109_INVESTOR_PRESENTATION.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28942_SHREEKARNI_2024_2025_A_11564635_08092025185428.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25895_SHREEKARNI_2023_2024_05092024193034.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 2026-09-13T18:27:52.410Z.