---
title: "Arcotech Ltd (ARCOTECH) — Share Price, Financials & Analysis"
symbol: "ARCOTECH"
company: "Arcotech Ltd"
canonical: "https://tapetide.com/stocks/ARCOTECH"
isin: "INE574I01035"
nse_symbol: "ARCOTECH"
bse_code: "532914"
sector: "Commodities"
industry: "Non - Ferrous Metals"
generated_at: "2026-09-13T18:36:13.081Z"
---

# Arcotech Ltd (ARCOTECH)

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

## Company

- **NSE Symbol:** ARCOTECH
- **BSE Code:** 532914
- **ISIN:** INE574I01035
- **Sector:** Commodities
- **Industry:** Non - Ferrous Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2007-12-28
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** arcotech.in

## About

Arcotech is principally engaged in the business of manufacturing non-ferrous semis.

## Latest Price

- **Price:** ₹2.2
- **Change:** 0 (0%)
- **Open:** ₹2.2
- **Day High:** ₹2.2
- **Day Low:** ₹2.2
- **Previous Close:** ₹2.2
- **Volume:** 0

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 38.9%
- Contingent liabilities of Rs.250 Cr.
- Promoters have pledged 44.2% of their holding.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -5% | -4% |

## 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 | 0 | 0 |
| Expenses | 0.25 | 0.19 | 132.93 | 0.08 | 0.29 | 0.16 | 65.31 | 0.06 | 0.07 | 0.05 | 0.74 | 0.08 |
| Operating Profit | -0.25 | -0.19 | -132.93 | -0.08 | -0.29 | -0.16 | -65.31 | -0.06 | -0.07 | -0.05 | -0.74 | -0.08 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.95 | 0 | 0 | 0 | 0 | 0 |
| Interest | 5.54 | 5.55 | 7.97 | 5.56 | 5.56 | 4.67 | 7.87 | 5.58 | 5.58 | 5.59 | 5.8 | 5.6 |
| Depreciation | 2.63 | 2.62 | 2.62 | 2.61 | 2.61 | 2.61 | 2.61 | 2.6 | 2.48 | 2.48 | 2.48 | 2.48 |
| Profit before tax | -8.42 | -8.36 | -143.52 | -8.25 | -8.46 | -7.44 | -74.84 | -8.24 | -8.13 | -8.12 | -9.02 | -8.16 |
| Tax % | 0 | 0 | -17.5 | 0 | 0 | 0 | -15.39 | 0 | 0 | 0 | 644.68 | 0 |
| Net Profit | -8.43 | -8.37 | -118.41 | -8.25 | -8.46 | -7.45 | -63.33 | -8.24 | -8.13 | -8.12 | -67.17 | -8.16 |
| EPS in Rs | -0.8 | -0.8 | -11.28 | -0.79 | -0.81 | -0.71 | -6.03 | -0.78 | -0.77 | -0.77 | -6.4 | -0.78 |

### 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 | 764 | 452 | 75 | 52 | 75 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 684 | 520 | 142 | 56 | 143 | 87 | 134 | 66 | 1 | 1 |
| Operating Profit | 80 | -67 | -67 | -4 | -69 | -87 | -134 | -66 | -1 | -1 |
| OPM % | 10 | -15 | -88 | -7 | -92 | — | — | — | — | — |
| Other Income | 4 | 2 | 1 | 1 | 11 | 0 | 0 | 1 | 0 | 0 |
| Interest | 72 | 61 | 13 | 25 | 22 | 22 | 25 | 24 | 23 | 23 |
| Depreciation | 8 | 11 | 11 | 11 | 11 | 11 | 11 | 10 | 10 | 10 |
| Profit before tax | 4 | -137 | -90 | -39 | -90 | -120 | -169 | -99 | -34 | -33 |
| Tax % | 9 | -33 | -34 | -32 | -34 | -32 | -15 | -12 | 174 | — |
| Net Profit | 4 | -92 | -59 | -27 | -60 | -82 | -144 | -87 | -92 | -92 |
| EPS in Rs | 0.37 | -8.78 | -5.59 | -2.53 | -5.72 | -7.82 | -13.68 | -8.33 | -8.73 | -8.72 |
| 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 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 206 | 206 | 140 | 88 | 62 | 2 | -80 | -224 | -311 | -403 |
| Borrowings | 300 | 347 | 451 | 447 | 465 | 470 | 491 | 508 | 532 | 557 |
| Other Liabilities | 211 | 206 | 105 | 71 | 77 | 82 | 90 | 100 | 99 | 106 |
| Total Liabilities | 738 | 779 | 716 | 627 | 625 | 575 | 522 | 405 | 341 | 280 |
| Fixed Assets | 139 | 186 | 192 | 181 | 170 | 159 | 148 | 138 | 127 | 117 |
| CWIP | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 584 | 593 | 524 | 446 | 455 | 416 | 374 | 267 | 213 | 163 |
| Total Assets | 738 | 779 | 716 | 627 | 625 | 575 | 522 | 405 | 341 | 280 |

### 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 | 48 | 56 | -94 | 37 | 2 | 2 | -6 | -2 | -9 | -10 |
| Cash from Investing Activity | 9 | -39 | -15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -56 | -17 | 110 | -38 | -1 | -2 | 6 | 2 | 9 | 10 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 55 | 16 | -111 | 37 | 1 | 2 | -6 | -2 | -9 | -10 |
| CFO/OP | 46 | 77 | 127 | -56 | -47 | -3 | 7 | 2 | 13 | 1043 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 122 | 138 | 228 | 1173 | 1656 | 1051 | — | — | — | — |
| Inventory Days | 136 | 111 | 86 | 159 | 422 | 100 | — | — | — | — |
| Days Payable | 73 | 63 | 3 | 3 | 12 | 3 | — | — | — | — |
| Cash Conversion Cycle | 185 | 186 | 312 | 1328 | 2067 | 1148 | — | — | — | — |
| Working Capital Days | 65 | 52 | -30 | -647 | -1121 | -1172 | — | — | — | — |
| ROCE % | 20 | 14 | -13 | -13 | -3 | -13 | -21 | -39 | -28 | -5 |

## 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 | 74.98% | 72.16% | 65.41% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 38.91% | 38.91% |
| FIIs | 0.12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 9.99% | 0.33% | 0.18% | 0.18% | 0.18% | 0.18% | 0.17% | 0.17% | 0.62% | 0.62% | 0.62% |
| Public | 14.91% | 27.51% | 34.41% | 59.86% | 59.86% | 59.86% | 59.86% | 59.86% | 59.4% | 60.46% | 60.46% |
| No. of Shareholders | 8138 | 32289 | 32420 | 30434 | 29365 | 29050 | 29029 | 29005 | 28989 | 28976 | 28972 |

### 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 | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 39.96% | 38.91% | 38.91% |
| DIIs | 0.17% | 0.17% | 0.17% | 0.17% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Public | 59.87% | 59.86% | 59.86% | 59.86% | 59.42% | 59.42% | 59.4% | 59.4% | 59.41% | 59.41% | 60.46% | 60.46% |
| No. of Shareholders | 29013 | 29007 | 29005 | 29002 | 28991 | 28992 | 28989 | 28984 | 28977 | 28979 | 28976 | 28972 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2.2 | Sell |
| EMA (10) | 2.2 | Sell |
| SMA (20) | 2.2 | Sell |
| EMA (20) | 2.2 | Sell |
| SMA (50) | 2.2 | Sell |
| EMA (50) | 2.2 | Sell |
| SMA (100) | 2.2 | Sell |
| EMA (100) | 2.2 | Sell |
| SMA (200) | 2.2 | Sell |
| EMA (200) | 2.18 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 99.52 | Sell |
| MACD (12,26,9) | 0 | Sell |
| Stochastic (14,3,3) | 50 | Neutral |
| ADX (14) | 98.61 | Buy |
| Williams %R (14) | -50 | Neutral |
| ATR (14) | 0 | Low Volatility |
| ROC (12) | 0 | Neutral |
| Stoch RSI (14) | 50 | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0783f55f-c88b-4e88-bcfa-1ededd7fb560.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 07 September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ded68ce-e095-4b1e-9419-e0494b3ce3b0.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=927090c8-ea33-48a0-9588-90a1e31bf60d.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Issue of Securities](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d849bd17-be95-4188-ac1a-a38e204e5087.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=561c0d3d-3a1c-4f92-b40a-f2bc0f5df7e3.pdf) |
| 2026-09-07 | [Notice Of 45Th AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0506b49-da89-4236-b04c-6e1dc72313de.pdf) |
| 2026-09-07 | [Intimation Of Cut-Off Date/ Record Date For 45Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a5e58b0-dde0-4972-8587-56f81bd10d30.pdf) |
| 2026-09-02 | [Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of SEBI (LODR) 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=524f75f0-9037-413e-9657-6c5c5a159c37.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d1a96b8-5370-4d22-b051-11ab3bd807a2.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70d8bd0c-25aa-4e93-afbf-5644d5f5b5af.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Board meeting on 13 Feb 2026 to approve quarter and nine-month unaudited results; trading window closed. | [Board Meeting Intimation for Meeting Scheduled On 13 February 2026 6 Feb - Board meeting on 13 Feb 2026 to approve quarter and nine-month unaudited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3857fcd1-be37-473b-99e2-4602d4036b05.pdf) |
| 5 Mar - SEBI order dated 27 Feb 2026 directs penalties against Arcotech, promoters for alleged diversion and sham transactions, investigation FY2016-17 to 2020-21, penalties imposed on multiple … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Mar - SEBI order dated 27 Feb 2026 directs penalties against Arcotech, promoters for alleged diversion and sham transactions, investigation FY2016-17 to 2020-21, penalties imposed on multiple …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3803b9c3-9df6-4008-8008-5ab42484de8a.pdf) |
| 31 Mar - Trading window closed 1 Apr 2026 until 48 hours after audited results for quarter/year ended 31 Mar 2026. | [Closure of Trading Window 31 Mar - Trading window closed 1 Apr 2026 until 48 hours after audited results for quarter/year ended 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6111870c-2780-4d7c-9f31-d81b5ce8235b.pdf) |
| 20 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d869f971-f7d5-41b2-af7e-a202c29de330.pdf) |
| 17h - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17h - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d869f971-f7d5-41b2-af7e-a202c29de330.pdf) |
| 13 Feb - Unaudited results to 31-12-2025: nine-month loss Rs2,448.59 lakhs; interest under-provided Rs3,065.37 lakhs. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 13 February 2026 13 Feb - Unaudited results to 31-12-2025: nine-month loss Rs2,448.59 lakhs; interest under-provided Rs3,065.37 lakhs.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ac71bc0-b40b-4072-a912-383dd5068c56.pdf) |
| 13 Feb - Unaudited Q3/9M results to Dec 31, 2025: 9M loss Rs 2,448.59 lakhs; auditor flagged interest under-provision Rs 3,065.37 lakhs. | [Un-Audited Financial Results For Quarter Ended 31 December 2025 13 Feb - Unaudited Q3/9M results to Dec 31, 2025: 9M loss Rs 2,448.59 lakhs; auditor flagged interest under-provision Rs 3,065.37 lakhs.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14c3c828-a32f-4833-9cb2-c0f1dbc6c543.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44591eff-d89d-4d2a-8842-d7a9501bd832.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/71038532914.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/67856532914.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/532914/5329140312.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55aaec8f-a4ce-4d5e-ae6d-7ad55f932cf5.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/55aaec8f-a4ce-4d5e-ae6d-7ad55f932cf5.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 2026-09-13T18:36:13.081Z.