---
title: "Astron Paper & Board Mill Ltd (ASTRON) — Share Price, Financials & Analysis"
symbol: "ASTRON"
company: "Astron Paper & Board Mill Ltd"
canonical: "https://tapetide.com/stocks/ASTRON"
isin: "INE646X01014"
nse_symbol: "ASTRON"
bse_code: "540824"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 13.95
generated_at: "2026-09-13T18:57:42.946Z"
---

# Astron Paper & Board Mill Ltd (ASTRON)

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

## Company

- **NSE Symbol:** ASTRON
- **BSE Code:** 540824
- **ISIN:** INE646X01014
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2017-12-29
- **CEO:** Mr. Kiritbhai Ghanshyambhai Patel
- **Employees:** 32
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** astronpaper.com

## About

Incorporated in 2010, Astron Paper & Board Mill Ltd manufactures Kraft Paper from waste paper[1]

## Latest Price

- **Price:** ₹2.94
- **Change:** -0.06 (-2%)
- **Open:** ₹3
- **Day High:** ₹3.06
- **Day Low:** ₹2.9
- **Previous Close:** ₹3
- **Volume:** 15823
- **As Of:** 2026-09-11T09:58:09+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:02.111286Z.

- **Market Cap:** ₹13.95 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.7
- **EPS (TTM):** ₹-4.19
- **Book Value:** ₹14.65
- **Price to Book:** 0.21
- **Dividend Yield:** 0%
- **ROE:** -62.1%
- **ROCE:** -36.91%
- **Debt to Equity:** 0.94
- **Revenue (yearly):** ₹2.79 Cr
- **Net Income:** ₹-21.18 Cr
- **EBITDA:** ₹-2.48 Cr
- **52-Week High:** ₹17.5
- **52-Week Low:** ₹2.87
- **RSI (14):** 34.72

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 12.15 | 9% |
| growth | 1.1 | 9% |
| momentum | 17.32 | 12% |
| ownership | 50 | 24% |
| quality | 34.42 | 22% |
| valuation | 77.4 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.17 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -63.6% over past five years.
- Promoter holding is low: 25.4%
- Company has a low return on equity of -21.7% over last 3 years.
- Contingent liabilities of Rs.143 Cr.
- Company has high debtors of 2,605 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -66.64% | -64.39% | -88.61% |
| ebitda margin growth | -375% | 158.48% | — | — |
| net income growth | -19.61% | -62.65% | 2% | -361.48% |
| revenue growth | -93.33% | -97.11% | -81% | -64% |
| roce | 312.5% | — | 154.73% | -6.01% |
| roe | 20.75% | 720.34% | -28.24% | — |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 78.38 | 80.67 | 73.33 | 78.4 | 58.15 | 35.56 | 1.36 | 0.88 | 1.28 | 0 | 1.45 | 0.07 |
| Expenses | 76.1 | 78.35 | 70.72 | 82.55 | 67.12 | 42.85 | 16.5 | 2.94 | 1.45 | 0.84 | 0.42 | 1.97 |
| Operating Profit | 2.28 | 2.32 | 2.61 | -4.15 | -8.97 | -7.29 | -15.14 | -2.06 | -0.17 | -0.84 | 1.03 | -1.9 |
| OPM % | 2.91 | 2.88 | 3.56 | -5.29 | -15.43 | -20.5 | -1113.24 | -234.09 | -13.28 | — | 71.03 | -2714.29 |
| Other Income | 0.3 | 0.45 | 0.29 | 0.57 | 0.71 | 0.12 | 0 | 0.09 | 0 | 0 | 0 | 0 |
| Interest | 2.44 | 2.62 | 2.69 | 2.79 | 2.63 | 3.44 | 2.9 | 3.41 | 3.13 | 2.1 | 3.94 | 2.15 |
| Depreciation | 1.67 | 1.56 | 1.58 | 1.56 | 1.68 | 1.56 | 1.56 | 1.52 | 1.66 | 1.54 | 1.54 | 1.5 |
| Profit before tax | -1.53 | -1.41 | -1.37 | -7.93 | -12.57 | -12.17 | -19.6 | -6.9 | -4.96 | -4.48 | -4.45 | -5.55 |
| Tax % | -22.88 | -31.91 | -28.47 | -37.2 | -29.28 | -23.99 | 33.62 | 15.36 | 0 | 0 | 0 | 0 |
| Net Profit | -1.17 | -0.96 | -0.98 | -4.98 | -8.9 | -9.26 | -26.19 | -7.96 | -4.96 | -4.49 | -4.46 | -5.55 |
| EPS in Rs | -0.25 | -0.21 | -0.21 | -1.07 | -1.91 | -1.99 | -5.63 | -1.71 | -1.07 | -0.97 | -0.96 | -1.19 |

### Profit & Loss

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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 182 | 251 | 373 | 358 | 435 | 512 | 395 | 311 | 96 | 3 |
| Expenses | 161 | 219 | 323 | 324 | 407 | 485 | 410 | 308 | 129 | 5 |
| Operating Profit | 22 | 32 | 50 | 34 | 28 | 27 | -15 | 3 | -33 | -2 |
| OPM % | 12 | 13 | 13 | 10 | 6 | 5 | -3.8 | 1 | -35 | -68 |
| Other Income | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 2 | 0 | 0 |
| Interest | 11 | 10 | 10 | 10 | 10 | 8 | 10 | 11 | 12 | 11 |
| Depreciation | 3 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 |
| Profit before tax | 8 | 19 | 36 | 20 | 15 | 14 | -29 | -12 | -51 | -19 |
| Tax % | -20 | -10 | 33 | 34 | 34 | 37 | -29 | -28 | 2 | 0 |
| Net Profit | 10 | 21 | 24 | 13 | 10 | 9 | -21 | -9 | -52 | -19 |
| EPS in Rs | 3.08 | 4.48 | 5.18 | 2.87 | 2.08 | 1.87 | -4.45 | -1.89 | -11.25 | -4.18 |
| Dividend Payout % | 0 | 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 | 32 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 13 | 80 | 104 | 117 | 127 | 135 | 114 | 106 | 53 | 34 |
| Borrowings | 89 | 75 | 57 | 61 | 45 | 66 | 76 | 80 | 76 | 75 |
| Other Liabilities | 38 | 31 | 87 | 86 | 87 | 85 | 67 | 61 | 44 | 52 |
| Total Liabilities | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 | 207 |
| Fixed Assets | 79 | 90 | 121 | 129 | 126 | 122 | 134 | 129 | 123 | 116 |
| CWIP | 1 | 13 | 2 | 0 | 7 | 8 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 4 | 4 | 6 | 6 | 5 | 5 | 5 | 5 |
| Other Assets | 92 | 128 | 167 | 177 | 166 | 197 | 165 | 158 | 93 | 86 |
| Total Assets | 173 | 232 | 294 | 310 | 305 | 332 | 304 | 293 | 220 | 207 |

### 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 | 16 | 5 | 37 | 19 | 33 | -14 | 7 | 5 | 3 | 12 |
| Cash from Investing Activity | -10 | -28 | -27 | -11 | -4 | -1 | -9 | 0 | 2 | 0 |
| Cash from Financing Activity | -7 | 38 | -26 | -3 | -24 | 14 | 4 | -5 | -14 | -12 |
| Net Cash Flow | -1 | 15 | -15 | 4 | 6 | -2 | 1 | 0 | -10 | 0 |
| Free Cash Flow | 7 | -22 | 13 | 8 | 22 | -17 | -4 | 3 | 3 | 12 |
| CFO/OP | 80 | 26 | 81 | 80 | 133 | -41 | -59 | 173 | -9 | -631 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 70 | 86 | 82 | 95 | 66 | 69 | 59 | 62 | 78 | 2605 |
| Inventory Days | 132 | 75 | 94 | 86 | 59 | 47 | 53 | 66 | 56 | 1921 |
| Days Payable | 79 | 53 | 107 | 125 | 92 | 71 | 73 | 96 | 145 | 5030 |
| Cash Conversion Cycle | 123 | 108 | 68 | 55 | 33 | 45 | 39 | 33 | -11 | -504 |
| Working Capital Days | 12 | 20 | 23 | 23 | 24 | 28 | 3 | -16 | -150 | -6766 |
| ROCE % | 16 | 17 | 22 | 14 | 11 | 10 | -8 | -1 | -19 | -5 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.06% | 27.06% | 27.06% | 27.06% | 27.06% | 27.06% | 25.37% | 25.37% | 25.37% | 25.37% | 25.37% | 25.37% |
| FIIs | 0% | 0% | 0% | 0% | 0.06% | 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 | 44.32% | 44.62% | 40.11% | 39.74% | 41.74% | 42.46% | 43.68% | 43.13% | 43.12% | 43.87% | 47.06% | 49.85% |
| Others | 28.62% | 28.32% | 32.83% | 33.2% | 31.14% | 30.48% | 30.95% | 31.5% | 31.51% | 30.76% | 27.57% | 24.78% |
| No. of Shareholders | 20824 | 21853 | 21075 | 21049 | 20965 | 21187 | 21839 | 21755 | 21267 | 21215 | 21327 | 21441 |

## 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) | 3.01 | Sell |
| EMA (10) | 3.02 | Sell |
| SMA (20) | 3.07 | Sell |
| EMA (20) | 3.13 | Sell |
| SMA (50) | 3.5 | Sell |
| EMA (50) | 3.41 | Sell |
| SMA (100) | 3.8 | Sell |
| EMA (100) | 3.85 | Sell |
| SMA (200) | 4.38 | Sell |
| EMA (200) | 5.38 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.1 | Neutral |
| MACD (12,26,9) | -0.16 | Buy |
| Stochastic (14,3,3) | 35.32 | Neutral |
| ADX (14) | 36.47 | Buy |
| Williams %R (14) | -75.86 | Neutral |
| ATR (14) | 0.18 | High Volatility |
| ROC (12) | -2.97 | Sell |
| Stoch RSI (14) | 79.27 | Neutral |
| UO (7,14,28) | 51.75 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2c79e9f-5587-476b-bd6c-7b9c15f07664.pdf) |
| 2026-09-01 | [Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e7400d2-ce94-472c-9f5c-ec4fe0937cf4.pdf) |
| 2026-08-29 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c35b49bb-2fa7-4563-98a2-9608cc0d383c.pdf) |
| 2026-07-28 | [Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59762e42-f6de-4f7f-94ff-c011b005d2a9.pdf) |
| 2026-06-01 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=513cc03d-2fa9-4910-bac4-a2721976f369.pdf) |
| 2026-05-26 | [Board Meeting Intimation for Intimation Of Meeting For Approval Of Audited Financial Results For The Financial Year Ended 3Lst March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64eef947-f204-40af-abdd-b471afa86469.pdf) |
| 2026-05-15 | [Intimation Of Admission Of Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8acf98cd-b8c3-4d07-a685-e95f5afca9f2.pdf) |
| 2026-05-15 | [Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17a0092b-44db-4745-8703-9dd46b9c6cd5.pdf) |
| 2026-04-16 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d47a886-da39-4deb-bf3b-a3f7eb5507d7.pdf) |
| 2026-03-31 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=847dd3da-a4d2-4d4c-a054-168e8a48e8f7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-06-01 | [Results For The Financial Year Ended On 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe5e8299-fef1-4ed8-9b0f-9219b1f482de.pdf) |
| 2026-02-13 | [Results For The Quarter Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee4af561-914c-4602-b89d-680390da3ab8.pdf) |
| 2025-11-17 | [Results For The Quarter And Half Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6fb79565-2c60-4870-9c39-2ea3af2bf64e.pdf) |
| 2025-08-13 | [Un-Results For The Quarter Ended On 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a16ad9a-db07-42f5-9afe-bfc5d9f5b5ed.pdf) |
| 2025-05-29 | [Results-Financial Year 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37a98c27-d5f2-4ffc-b872-2ad6b30fddb3.pdf) |
| 2025-02-17 | [Financial Results For The Third Quarter Ended On 31St December 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72dad0e7-8fb8-492e-97ff-f857df5bd12f.pdf) |
| 2024-11-08 | [Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The Second Quarter & Half Year Ended On 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f507b99-3dd6-4358-9f83-1ce3913cc171.pdf) |
| 2024-08-14 | [Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The First Quarter Ended On 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d1bb637-1fef-45d7-b7d3-3f744b04f573.pdf) |
| 2024-05-29 | [Financial Results For The Period Ended Q4 & FY 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34e2243a-8173-435e-8790-82008bcc6879.pdf) |
| 2024-02-09 | [Board Meeting Outcome For 3Rd Quarter And Nine Month Ended On 31St December, 2023 Unaudited Financial Results & Outcome Of Board Meeting Dated 9Th February, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7641e637-f82d-44c9-84cf-0f7eb8871799.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Board meeting on 13 Feb 2026 to approve Q3 (ended 31 Dec 2025) results; EGM to ratify director and auditor appointments. | [Board Meeting Intimation for Quarterly Results And Other Matters 6 Feb - Board meeting on 13 Feb 2026 to approve Q3 (ended 31 Dec 2025) results; EGM to ratify director and auditor appointments.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f371f22b-4671-45be-bdd3-e20469fa598c.pdf) |
| 5 Jan - Board meeting on 30 Jan 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025. | [Board Meeting Intimation for Approval Of Financial Results As On 31St December 2025 5 Jan - Board meeting on 30 Jan 2026 to approve unaudited Q3 and nine-month results ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d24f9952-c514-402c-b815-5357b642cf14.pdf) |
| 31 Mar - Independent Director Sudhir Maheshwari resigned effective close of business 25-Mar-2026; Audit Committee chair role vacated. | [Announcement under Regulation 30 (LODR)-Resignation of Director 31 Mar - Independent Director Sudhir Maheshwari resigned effective close of business 25-Mar-2026; Audit Committee chair role vacated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/847dd3da-a4d2-4d4c-a054-168e8a48e8f7.pdf) |
| 30 Jan - Board meeting to consider Q3/9M Dec 31, 2025 results postponed to 11 Feb; trading window reopens 13 Feb. | [Board Meeting Intimation for Approval Of Financial Results As On 31St December 2025 30 Jan - Board meeting to consider Q3/9M Dec 31, 2025 results postponed to 11 Feb; trading window reopens 13 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6e0c89a-b38f-489f-98bd-b2bc4b6f36e3.pdf) |
| 25 Feb - NSE/BSE issued warning letters (24 Feb 2026) over delayed CIRP and financial-default disclosures. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations. 25 Feb - NSE/BSE issued warning letters (24 Feb 2026) over delayed CIRP and financial-default disclosures.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f968b11-b306-4195-8eba-53678284e18e.pdf) |
| 23 Feb - EGM 19 Mar 2026: appoint H K Shah & Co. as auditors; regularize Jankiben Patel as independent director (23/12/2025–22/12/2030). | [Notice Of The Extra Ordinary General Meeting Of The Company 23 Feb - EGM 19 Mar 2026: appoint H K Shah & Co. as auditors; regularize Jankiben Patel as independent director (23/12/2025–22/12/2030).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15b86ed0-89b2-4309-849c-827c9aba71ca.pdf) |
| 19 Mar - EGM on 19-Mar-2026: considered auditor appointment to fill casual vacancy and Jankiben Patel's independent-director regularisation; voting pending. | [Shareholder Meeting / Postal Ballot-Outcome of EGM 19 Mar - EGM on 19-Mar-2026: considered auditor appointment to fill casual vacancy and Jankiben Patel's independent-director regularisation; voting pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c31ccb1d-8ff4-41e7-a690-da0b095b86ec.pdf) |
| 16 Apr - Certificate u/r 74(5) of SEBI DP Regulations, 2018 for 31st March, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Apr - Certificate u/r 74(5) of SEBI DP Regulations, 2018 for 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d47a886-da39-4deb-bf3b-a3f7eb5507d7.pdf) |
| 13 Feb - Approved Q3 (31-Dec-2025) results; insolvency/SARFAESI actions; Q3 standalone loss Rs445.64 lakh. | [Board Meeting Outcome for Outcome Of Board Meeting 13 Feb - Approved Q3 (31-Dec-2025) results; insolvency/SARFAESI actions; Q3 standalone loss Rs445.64 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd6ab1db-9916-4f09-ae4b-4c541aa5ec42.pdf) |
| 13 Feb - 13-Feb-2026: Board approved Q3 (31-Dec-2025) unaudited results; insolvency/SARFAESI action; postal ballot for director/auditor. | [Results For The Quarter Ended On 31St December, 2025 13 Feb - 13-Feb-2026: Board approved Q3 (31-Dec-2025) unaudited results; insolvency/SARFAESI action; postal ballot for director/auditor.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee4af561-914c-4602-b89d-680390da3ab8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_NATHSEED_2011_2012_14092012095501.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/772a17be-be09-42f4-9b35-26eca057531c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbef5fbe-0aff-4504-bf62-b70763cb1da1.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3c152e2-fb9a-4ce1-9f75-c3c951f38d07.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e0ab0a5-3a33-4159-9944-5c59c91191f1.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81d57fa6-db1f-40c7-a810-0b61abfb9296.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540824/76559540824.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526576/73143526576.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540824/70735540824.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526576/68766526576.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2019 | [Concall - Jan 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a19bda1a-2fd9-4090-be7e-7523b9b62c1e.pdf) |
| Jan 2019 | [Concall - Jan 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/1/a19bda1a-2fd9-4090-be7e-7523b9b62c1e.pdf) |
| Jan 2018 | [Concall - Jan 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04f8bad3-bb48-4d8a-8616-e84bb95b1e3f.pdf) |
| Jan 2018 | [Concall - Jan 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/1/04f8bad3-bb48-4d8a-8616-e84bb95b1e3f.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 2026-09-13T18:57:42.946Z.