---
title: "Ashapura Minechem Ltd (ASHAPURMIN) — Share Price, Financials & Analysis"
symbol: "ASHAPURMIN"
company: "Ashapura Minechem Ltd"
canonical: "https://tapetide.com/stocks/ASHAPURMIN"
isin: "INE348A01023"
nse_symbol: "ASHAPURMIN"
bse_code: "527001"
sector: "Metals & Mining"
industry: "Industrial Minerals"
market_cap_cr: 5123.54
generated_at: "2026-09-13T18:25:18.106Z"
---

# Ashapura Minechem Ltd (ASHAPURMIN)

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

## Company

- **NSE Symbol:** ASHAPURMIN
- **BSE Code:** 527001
- **ISIN:** INE348A01023
- **Sector:** Metals & Mining
- **Industry:** Industrial Minerals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1995-09-20
- **CEO:** Mr. Hemul Ramesh Shah
- **Employees:** 1560
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** ashapura.com

## About

Incorporated on 19th February 1982, Ashapura Minechem Ltd. is engaged in the mining, manufacturing and trading of various minerals and its derivative products. The company offers multi-mineral solutions across several industries from soaps to steel, energy to edible oils, metal to medicine and cement to ceramics. The company has its network of operations pan-India and in 7 other countries.[1][2]

## Latest Price

- **Price:** ₹542.9
- **Change:** +0.85 (+0.16%)
- **Open:** ₹538.05
- **Day High:** ₹549
- **Day Low:** ₹528.3
- **Previous Close:** ₹542.05
- **Volume:** 332067
- **As Of:** 2026-09-11T10:26:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:59.240972Z.

- **Market Cap:** ₹5123.54 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.6
- **P/E (TTM):** 12.75
- **EPS (TTM):** ₹42.59
- **EPS (reported):** ₹17.6
- **Book Value:** ₹172.65
- **Price to Book:** 3.15
- **Dividend Yield:** 0.37%
- **ROE:** 23.65%
- **ROCE:** 17.7%
- **Debt to Equity:** 0.88
- **Revenue (yearly):** ₹5237.13 Cr
- **Net Income:** ₹416.25 Cr
- **EBITDA:** ₹550.3 Cr
- **52-Week High:** ₹924.9
- **52-Week Low:** ₹455.1
- **RSI (14):** 32.59

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Cheap · Momentum: Falling
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 27.38 | 9% |
| growth | 98.9 | 9% |
| momentum | 34.32 | 12% |
| ownership | 40.01 | 24% |
| quality | 57.26 | 22% |
| valuation | 64.46 | 24% |

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

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 43.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

### Weaknesses

- Tax rate seems low

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 27.25% | 93.63% | — |
| ebitda margin growth | -9.44% | -35.36% | -9.88% | -28.03% |
| net income growth | -10.2% | 43.98% | 51% | 43% |
| revenue growth | -20.72% | 86.12% | 42% | 35% |
| roce | -12% | -17.29% | 40.59% | 15.3% |
| roe | -10.22% | -22.99% | 23.69% | 17.37% |

## 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 | 554 | 713 | 440 | 714 | 604 | 865 | 555 | 1356 | 952 | 960 | 1969 | 1616 |
| Expenses | 524 | 655 | 392 | 627 | 540 | 731 | 471 | 1174 | 822 | 846 | 1841 | 1435 |
| Operating Profit | 30 | 58 | 48 | 87 | 64 | 135 | 84 | 182 | 131 | 114 | 128 | 181 |
| OPM % | 6 | 8 | 11 | 12 | 11 | 16 | 15 | 13 | 14 | 12 | 6 | 11 |
| Other Income | 32 | 39 | 59 | 4 | 10 | 20 | 56 | 12 | 12 | 28 | 88 | 14 |
| Interest | 12 | 22 | 16 | 17 | 19 | 23 | 30 | 31 | 29 | 24 | 34 | 29 |
| Depreciation | 19 | 20 | 21 | 17 | 20 | 12 | 29 | 32 | 32 | 34 | 35 | 37 |
| Profit before tax | 31 | 54 | 70 | 57 | 36 | 119 | 82 | 132 | 81 | 85 | 147 | 130 |
| Tax % | 12 | 15 | 13 | 8 | -20 | 10 | 7 | 14 | -30 | 10 | 18 | 17 |
| Net Profit | 58 | 54 | 67 | 60 | 43 | 108 | 79 | 114 | 106 | 76 | 121 | 108 |
| EPS in Rs | 6.49 | 6.16 | 7.49 | 6.51 | 4.64 | 11.04 | 9.05 | 11.5 | 10.11 | 8.82 | 11.59 | 12.07 |

### 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 | 794 | 622 | 334 | 1148 | 1278 | 1831 | 2654 | 2739 | 5237 | 5498 |
| Expenses | 790 | 626 | 380 | 1026 | 1176 | 1653 | 2401 | 2362 | 4682 | 4943 |
| Operating Profit | 4 | -4 | -45 | 122 | 102 | 178 | 252 | 377 | 555 | 554 |
| OPM % | 0.6 | -0.7 | -14 | 11 | 8 | 10 | 10 | 14 | 11 | 10 |
| Other Income | 20 | -265 | 487 | 93 | 112 | 102 | 211 | 101 | 140 | 142 |
| Interest | 19 | 20 | 31 | 60 | 58 | 68 | 76 | 96 | 118 | 116 |
| Depreciation | 39 | 33 | 28 | 45 | 58 | 73 | 79 | 78 | 133 | 138 |
| Profit before tax | -33 | -322 | 382 | 110 | 98 | 139 | 309 | 304 | 445 | 443 |
| Tax % | 36 | 2 | 0 | 21 | 12 | 21 | 9 | 5 | 6 | — |
| Net Profit | -45 | -327 | 383 | 87 | 87 | 110 | 282 | 289 | 416 | 411 |
| EPS in Rs | -5.19 | -38.05 | 44.57 | 10.06 | 9.46 | 12.79 | 31.37 | 30.97 | 42.02 | 42.59 |
| Dividend Payout % | 0 | 0 | 0 | 5 | 5 | 0 | 0 | 3 | 5 | — |

### 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 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 | 19 | 19 |
| Reserves | -20 | -65 | -378 | 329 | 417 | 503 | 646 | 912 | 1223 | 1630 |
| Borrowings | 144 | 185 | 209 | 441 | 664 | 639 | 758 | 984 | 1163 | 1444 |
| Other Liabilities | 1163 | 1148 | 1203 | 1033 | 1135 | 1264 | 1627 | 1397 | 1526 | 1605 |
| Total Liabilities | 1305 | 1286 | 1051 | 1820 | 2233 | 2424 | 3050 | 3311 | 3931 | 4698 |
| Fixed Assets | 336 | 308 | 254 | 544 | 527 | 539 | 584 | 577 | 1349 | 1499 |
| CWIP | 5 | 21 | 9 | 54 | 204 | 254 | 262 | 504 | 55 | 51 |
| Investments | 243 | 267 | 180 | 274 | 290 | 268 | 288 | 321 | 344 | 371 |
| Other Assets | 721 | 689 | 608 | 947 | 1212 | 1363 | 1915 | 1909 | 2181 | 2778 |
| Total Assets | 1305 | 1286 | 1051 | 1820 | 2233 | 2424 | 3050 | 3311 | 3931 | 4698 |

### 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 | 72 | -18 | -217 | 16 | -20 | 114 | 97 | 148 | 188 | 463 |
| Cash from Investing Activity | -30 | -20 | 160 | -156 | -168 | -63 | -130 | -274 | -392 | -271 |
| Cash from Financing Activity | -43 | 36 | 68 | 131 | 182 | -60 | 80 | 191 | 178 | 14 |
| Net Cash Flow | -1 | -2 | 11 | -9 | -5 | -9 | 47 | 65 | -25 | 206 |
| Free Cash Flow | 36 | -45 | -221 | -3 | -196 | -2 | -36 | -125 | -208 | 184 |
| CFO/OP | 282 | -97 | 4688 | -39 | -5 | 127 | 65 | 76 | 61 | 88 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103 | 95 | 61 | 202 | 92 | 89 | 98 | 37 | 73 | 70 |
| Inventory Days | 329 | 285 | 226 | 532 | 364 | 453 | 420 | 390 | 506 | 153 |
| Days Payable | 265 | 187 | 168 | 328 | 461 | 387 | 360 | 415 | 477 | 245 |
| Cash Conversion Cycle | 166 | 193 | 120 | 406 | -5 | 154 | 158 | 12 | 103 | -22 |
| Working Capital Days | -266 | -214 | -405 | -32 | 35 | 35 | 65 | 21 | 36 | 25 |
| ROCE % | 10 | 0 | -42 | -14 | 16 | 12 | 16 | 17 | 19 | 21 |

## 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 | 45.33% | 45.33% | 45.39% | 45.39% | 47.7% | 47.7% | 47.75% | 47.75% | 47.79% | 47.88% | 48.03% | 48.03% |
| FIIs | 18.03% | 17.56% | 17.24% | 16.45% | 15.73% | 16% | 16.55% | 16.42% | 18.01% | 19.25% | 19.51% | 19.22% |
| DIIs | 0.22% | 0.14% | 0.5% | 0.45% | 0.13% | 0.15% | 0.38% | 0.26% | 0.35% | 0.38% | 0.33% | 0.4% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.32% | 25.94% | 26.71% | 26.96% | 27.49% | 26.4% | 26.41% | 26.62% | 24.52% | 23.89% | 24.79% | 24.82% |
| Others | 10.11% | 11.03% | 10.17% | 10.75% | 8.95% | 9.75% | 8.9% | 8.95% | 9.32% | 8.6% | 7.35% | 7.53% |
| No. of Shareholders | 27466 | 31091 | 30415 | 29928 | 33974 | 30705 | 32289 | 33267 | 36096 | 39757 | 43255 | 47193 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 549.25 | Sell |
| EMA (10) | 553.3 | Sell |
| SMA (20) | 569.49 | Sell |
| EMA (20) | 574.17 | Sell |
| SMA (50) | 635.95 | Sell |
| EMA (50) | 614.15 | Sell |
| SMA (100) | 653.59 | Sell |
| EMA (100) | 630.71 | Sell |
| SMA (200) | 654.17 | Sell |
| EMA (200) | 619.21 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33 | Neutral |
| MACD (12,26,9) | -28.47 | Buy |
| Stochastic (14,3,3) | 16.73 | Buy |
| ADX (14) | 32.58 | Buy |
| Williams %R (14) | -78.96 | Neutral |
| ATR (14) | 22.25 | High Volatility |
| ROC (12) | -8.36 | Sell |
| Stoch RSI (14) | 44.44 | Neutral |
| UO (7,14,28) | 31.79 | 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=cacc5204-0306-4360-a279-af92ec6951e1.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51827C7F_9C47_4D73_A90A_CA6EA16479D0_152850.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=506360D2_F029_4BCB_B332_E8E74C641A3B_153149.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7DA2189B_815C_4E1D_9F1D_0F6646C7B293_153838.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92CCE63F_2CAB_408E_8597_FB24B1157A1D_154219.pdf) |
| 2026-09-03 | [Notice Of 45Th AGM To Be Held On 29Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01b4d226-7f2e-4eb3-848c-5603b6b7fabb.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49c5ab95-f4f5-4614-a853-a9fdd74b3e03.pdf) |
| 2026-09-03 | [Record Date For The Purpose Of Declaration Of Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e4fea4a-d75e-44bf-970d-ffafe58e02e1.pdf) |
| 2026-09-03 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59075dfd-d721-439d-9658-d065638bf305.pdf) |
| 2026-09-03 | [Letter To Shareholders Whose Email Addresses Are Not Registered](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e84f9e6-5686-4b96-a6d1-a972f1e8c124.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=611ca85f-0c0e-4561-b322-ce6e9ef37c23.pdf) |
| 2026-06-08 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=998baa80-34bc-49fe-8113-073c7e0b724c.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d33a7a0b-4168-43df-a98a-8c3c5ba9b7f4.pdf) |
| 2025-11-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9f39229-9760-45ae-8be6-ce42c4b100ee.pdf) |
| 2025-09-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ac503bf-d02d-4d2f-8289-9cff4186d133.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbddf2f8-79af-4893-a01f-55ebcad1abaa.pdf) |
| 2026-06-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31a052fb-8126-4a3a-bc34-8349b8727d32.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07549817-2e4a-4c6d-a37d-7205b7797bcd.pdf) |
| 2025-11-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8195d687-fa60-4547-aeac-05b771982496.pdf) |
| 2025-09-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1839a100-467c-40c3-a9b5-7c53a2d822ab.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-07 | [Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c878f0e4-f9e6-4738-b9d0-e4e8734f87ca.pdf) |
| 2026-05-28 | [AFR 31032026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1cd820b-87bf-4152-89cd-7684e51ccee7.pdf) |
| 2026-02-05 | [Un Audited Financial Results For The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e6efff7-b742-4906-b550-0227925ac059.pdf) |
| 2025-11-13 | [Financial Results For Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1e480a0-5e34-4844-b022-b79f94b9ac59.pdf) |
| 2025-08-12 | [Un-Audited Financial Results For Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a3df0fc-d72b-49fc-a6e9-ca882d6c227d.pdf) |
| 2025-05-30 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09fa3d1c-c86a-4b47-b5f0-cf85b4f85a12.pdf) |
| 2025-02-14 | [Un-Audited Financial Results For Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47436471-35db-4e55-b1de-2db2f7b899d5.pdf) |
| 2024-11-14 | [Outcome Of The Board Meeting Held On 14Th November, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1e8f476-e7dd-4ab2-a416-20f7972eba1c.pdf) |
| 2024-08-13 | [Un-Audited Financial Results (Standalone & Consolidated) Of The Company For First Quarter Ended 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68f6eb1b-8ef0-4b52-9324-7250dca3e969.pdf) |
| 2024-05-29 | [Results For The Quarter And Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31edfa91-6a78-4ea0-b8fc-4f77232e59b9.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ac503bf-d02d-4d2f-8289-9cff4186d133.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c96a46fe-dbd4-4827-9b9a-3393c2a3b452.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce3d7459-122e-4955-97cd-a29d1ea2665f.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a019eb28-5fe3-4d10-83ed-827a8bd2f417.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c05c1bbb-e96b-4ad8-93ce-4069e31756cb.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9f39229-9760-45ae-8be6-ce42c4b100ee.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb73cece-f44a-4dba-a33e-148184e21f00.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6e162ed-e983-4b53-a42c-52e80cf8cc9c.pdf) |
| Jul 2023 | [Concall - Jul 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37a0f530-cc3a-4c8e-b645-e30f887a5fba.pdf) |
| Jul 2022 | [Concall - Jul 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a99a1c2-a5c6-428b-aabb-3faca9932bb6.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Received March 6, 2026 income-tax order: demand Rs.178.62 lakh; disallowed foreign tax credit and 80G; appeal planned. | [Disclosure Under Regulation 30 Of SEBI LODR Regulations, 2015 9h - Received March 6, 2026 income-tax order: demand Rs.178.62 lakh; disallowed foreign tax credit and 80G; appeal planned.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a52526ac-4db0-4fec-bb06-b2bd8b8eea4a.pdf) |
| 8h - Trust submitted FY26 CA certificate confirming compliance with SEBI exemption order. | [Dislcosure letter under Regulation 11(5) of The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 8h - Trust submitted FY26 CA certificate confirming compliance with SEBI exemption order.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/DBD0EF15_C9A0_4A45_BFF0_66693AF8810A_191441.pdf) |
| 8h - Manan Chetan Shah Family Trust submits FY26 CA compliance certificate for SEBI exemption order. | [Dislcosure letter under Regulation 11(5) of The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 8h - Manan Chetan Shah Family Trust submits FY26 CA compliance certificate for SEBI exemption order.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/F7677742_B06A_4775_9C58_6B161E2FF57C_191308.pdf) |
| 8h - ESOP 2026 (2,000,000 options) approved; UAE FZE incorporation (1 million AED); CEO reappointed. | [Announcement under Regulation 30 (LODR)-Acquisition 8h - ESOP 2026 (2,000,000 options) approved; UAE FZE incorporation (1 million AED); CEO reappointed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2221d0f-44da-418d-acfe-75ab89828419.pdf) |
| 8h - ESOP 2,000,000 options; CEO reappointed; to incorporate UAE subsidiary (1m AED); postal ballot 29‑Mar–27‑Apr‑2026 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 24Th March, 2026 8h - ESOP 2,000,000 options; CEO reappointed; to incorporate UAE subsidiary (1m AED); postal ballot 29‑Mar–27‑Apr‑2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/46440743-6e97-4942-a8b8-3993d6cfa445.pdf) |
| 7h - Postal ballot results declared on 27 Apr 2026; ESOP 2026, CEO reappointment, and two independent directors approved. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 7h - Postal ballot results declared on 27 Apr 2026; ESOP 2026, CEO reappointment, and two independent directors approved.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/40cd55e7-5ae5-48a2-8a0c-0f11cf151a68.pdf) |
| 7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76ddb01e-7561-4ac3-8dce-4b45075f6c54.pdf) |
| 28 Mar - Newspaper Publication - Intimation regarding Postal Ballot Notice | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Mar - Newspaper Publication - Intimation regarding Postal Ballot Notice](https://www.bseindia.com/xml-data/corpfiling/AttachHis/adb6a769-2865-4f97-b850-251a46cce7ea.pdf) |
| 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year/quarter ending 31 March 2026. | [Closure of Trading Window 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year/quarter ending 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3ea5297-9d95-4a39-ba02-28ae63d17716.pdf) |
| 27 Apr - Postal ballot results declared on 27 Apr 2026; ESOP 2026, CEO reappointment, and two independent directors approved. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 27 Apr - Postal ballot results declared on 27 Apr 2026; ESOP 2026, CEO reappointment, and two independent directors approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40cd55e7-5ae5-48a2-8a0c-0f11cf151a68.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1238254a-a2f3-4755-abf2-2063696e829d.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2000451-fe66-4aa4-8ba3-90bb1750c9fc.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bf051db-7a39-4f21-b2c6-961a453419c8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/581f26b5-91d7-4d45-9825-a397d5dea1b9.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7610917-1227-472b-a1ae-2f97ee794432.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97be1e14-f647-4f75-8057-bbe0c78dd233.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/527001/75982527001.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500408/73036500408_03_06_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/527001/71712527001.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500408/68501500408.pdf) |

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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 2026-09-13T18:25:18.106Z.