---
title: "Bharat Electronics Ltd (BEL) — Share Price, Financials & Analysis"
symbol: "BEL"
company: "Bharat Electronics Ltd"
canonical: "https://tapetide.com/stocks/BEL"
isin: "INE263A01024"
nse_symbol: "BEL"
bse_code: "500049"
sector: "Aerospace & Defense"
industry: "Engineering"
market_cap_cr: 293743.46
generated_at: "2026-09-13T18:25:43.253Z"
---

# Bharat Electronics Ltd (BEL)

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

## Company

- **NSE Symbol:** BEL
- **BSE Code:** 500049
- **ISIN:** INE263A01024
- **Sector:** Aerospace & Defense
- **Industry:** Engineering
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2000-07-19
- **CEO:** Mr. Manoj Jain
- **Employees:** 11199
- **Face Value:** ₹1
- **F&O Eligible:** Yes
- **Website:** bel-india.in

## About

Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. Company also has a limited presence in the civilian market[1]

## Latest Price

- **Price:** ₹404.35
- **Change:** -0.65 (-0.16%)
- **Open:** ₹402.6
- **Day High:** ₹405.4
- **Day Low:** ₹399.25
- **Previous Close:** ₹405
- **Volume:** 7805974
- **As Of:** 2026-09-11T10:28:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:16.025059Z.

- **Market Cap:** ₹293743.46 Cr
- **Classification:** Largecap
- **P/E (reported):** 47.9
- **P/E (TTM):** 48.14
- **EPS (TTM):** ₹8.4
- **EPS (reported):** ₹5.8
- **Book Value:** ₹32.82
- **Price to Book:** 12.28
- **Dividend Yield:** 0.62%
- **ROE:** 25.09%
- **ROCE:** 31.88%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹28176.1 Cr
- **Net Income:** ₹6023.5 Cr
- **EBITDA:** ₹8615.4 Cr
- **52-Week High:** ₹473.45
- **52-Week Low:** ₹373.05
- **RSI (14):** 47.09

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 74.46 | 9% |
| growth | 59.37 | 9% |
| momentum | 18.31 | 12% |
| ownership | 45.76 | 24% |
| quality | 68.18 | 22% |
| valuation | 51.14 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 23.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
- Company has been maintaining a healthy dividend payout of 34.5%

### Weaknesses

- Stock is trading at 12.3 times its book value
- Company has high debtors of 170 days.
- Working capital days have increased from 79.4 days to 135 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 173.16% | -66.92% | -63.36% |
| ebitda margin growth | -49.61% | -1.07% | 12.01% | 33.54% |
| net income growth | -52.63% | 13.93% | 27% | 24% |
| revenue growth | -44.69% | 14.95% | 16% | 14% |
| roce | -52.13% | -5.46% | 5.81% | 28.85% |
| roe | -52.63% | -5.14% | 25.22% | 31.09% |

## 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 | 4009 | 4162 | 8564 | 4244 | 4605 | 5771 | 9150 | 4440 | 5792 | 7154 | 10224 | 5547 |
| Expenses | 2995 | 3090 | 6277 | 3295 | 3205 | 4101 | 6334 | 3201 | 4090 | 5027 | 7243 | 4159 |
| Operating Profit | 1014 | 1072 | 2287 | 948 | 1400 | 1669 | 2816 | 1238 | 1702 | 2127 | 2982 | 1388 |
| OPM % | 25 | 26 | 27 | 22 | 30 | 29 | 31 | 28 | 29 | 30 | 29 | 25 |
| Other Income | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 |
| Profit before tax | 1041 | 1132 | 2390 | 1043 | 1445 | 1744 | 2867 | 1279 | 1728 | 2128 | 2917 | 1396 |
| Tax % | 25 | 25 | 25 | 25 | 25 | 25 | 26 | 25 | 26 | 26 | 24 | 25 |
| Net Profit | 790 | 860 | 1797 | 791 | 1093 | 1312 | 2127 | 969 | 1287 | 1580 | 2226 | 1055 |
| EPS in Rs | 1.08 | 1.18 | 2.46 | 1.08 | 1.49 | 1.79 | 2.91 | 1.33 | 1.76 | 2.16 | 3.04 | 1.44 |

### 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 | 10401 | 12164 | 12968 | 14109 | 15368 | 17734 | 20268 | 23769 | 27610 | 28717 |
| Expenses | 8361 | 9255 | 10209 | 10895 | 12024 | 13645 | 15217 | 16932 | 19557 | 20518 |
| Operating Profit | 2039 | 2909 | 2759 | 3214 | 3344 | 4090 | 5051 | 6837 | 8053 | 8199 |
| OPM % | 20 | 24 | 21 | 23 | 22 | 23 | 25 | 29 | 29 | 29 |
| Other Income | 196 | 73 | 99 | 125 | 232 | 281 | 670 | 742 | 566 | 572 |
| Interest | 6 | 16 | 8 | 10 | 9 | 19 | 12 | 13 | 10 | 6 |
| Depreciation | 272 | 338 | 372 | 387 | 401 | 429 | 443 | 467 | 556 | 595 |
| Profit before tax | 1957 | 2628 | 2478 | 2942 | 3166 | 3923 | 5266 | 7099 | 8053 | 8170 |
| Tax % | 28 | 30 | 28 | 30 | 26 | 25 | 25 | 26 | 25 | — |
| Net Profit | 1431 | 1887 | 1825 | 2100 | 2400 | 2986 | 3985 | 5323 | 6062 | 6148 |
| EPS in Rs | 1.96 | 2.58 | 2.5 | 2.87 | 3.28 | 4.08 | 5.45 | 7.28 | 8.29 | 8.4 |
| Dividend Payout % | 34 | 44 | 37 | 46 | 46 | 44 | 40 | 33 | 30 | — |

### 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 | 223 | 244 | 244 | 244 | 244 | 244 | 731 | 731 | 731 | 731 |
| Reserves | 7512 | 7772 | 8968 | 9828 | 10816 | 12042 | 13131 | 15595 | 19243 | 23257 |
| Borrowings | 64 | 80 | 34 | 8 | 3 | 53 | 61 | 63 | 61 | 65 |
| Other Liabilities | 9800 | 10868 | 11575 | 14271 | 18430 | 21574 | 21567 | 23136 | 20788 | 20473 |
| Total Liabilities | 17600 | 18965 | 20821 | 24351 | 29492 | 33912 | 35490 | 39524 | 40824 | 44527 |
| Fixed Assets | 1501 | 1839 | 2298 | 2713 | 2652 | 2675 | 2963 | 3035 | 3419 | 4121 |
| CWIP | 743 | 940 | 849 | 828 | 883 | 1006 | 855 | 894 | 1052 | 731 |
| Investments | 491 | 937 | 964 | 1110 | 1306 | 1572 | 650 | 682 | 743 | 800 |
| Other Assets | 14865 | 15248 | 16710 | 19700 | 24651 | 28659 | 31022 | 34913 | 35610 | 38876 |
| Total Assets | 17600 | 18965 | 20821 | 24351 | 29492 | 33912 | 35490 | 39524 | 40824 | 44527 |

### 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 | -61 | -687 | 1514 | 2570 | 5093 | 4207 | 1199 | 4659 | 564 | 1541 |
| Cash from Investing Activity | 3115 | -6 | -896 | -649 | -2595 | -4872 | 2708 | -5924 | 639 | 1730 |
| Cash from Financing Activity | -2857 | -1202 | -663 | -1061 | -1076 | -1078 | -1262 | -1475 | -1696 | -2097 |
| Net Cash Flow | 197 | -1895 | -45 | 861 | 1422 | -1742 | 2645 | -2739 | -493 | 1175 |
| Free Cash Flow | -853 | -1492 | 785 | 1825 | 4625 | 3660 | 611 | 4015 | -444 | 560 |
| CFO/OP | 33 | 0 | 79 | 114 | 175 | 150 | 55 | 120 | 33 | 44 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 184 | 176 | 161 | 189 | 170 | 145 | 145 | 133 | 140 | 170 |
| Inventory Days | 407 | 305 | 275 | 204 | 233 | 230 | 240 | 257 | 273 | 265 |
| Days Payable | 108 | 91 | 89 | 126 | 155 | 139 | 124 | 128 | 100 | 93 |
| Cash Conversion Cycle | 483 | 390 | 347 | 267 | 248 | 237 | 261 | 262 | 313 | 342 |
| Working Capital Days | 63 | 125 | 134 | 119 | 47 | 4 | 28 | 18 | 85 | 135 |
| ROCE % | 23 | 25 | 30 | 26 | 28 | 27 | 30 | 35 | 39 | 36 |

## 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 | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% |
| FIIs | 17.19% | 17.78% | 17.56% | 17.43% | 17.27% | 17.35% | 17.56% | 18.56% | 18.15% | 18.51% | 19.5% | 18.02% |
| DIIs | 22.9% | 23.37% | 22.64% | 20.61% | 20.22% | 20.93% | 20.88% | 20.6% | 20.88% | 20.48% | 19.99% | 21.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 6.61% | 6.76% | 7.52% | 9.74% | 10.29% | 9.5% | 9.33% | 8.59% | 8.47% | 8.55% | 8.08% | 8.5% |
| Others | 2.16% | 0.96% | 1.14% | 1.08% | 1.09% | 1.08% | 1.1% | 1.12% | 1.36% | 1.32% | 1.29% | 1.32% |
| No. of Shareholders | 974782 | 1098230 | 1364870 | 2518660 | 2772000 | 2653680 | 2678440 | 2542380 | 2498590 | 2543620 | 2530900 | 2604300 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 407.53 | Sell |
| EMA (10) | 406.89 | Sell |
| SMA (20) | 409.22 | Sell |
| EMA (20) | 407.29 | Sell |
| SMA (50) | 406.18 | Sell |
| EMA (50) | 408.41 | Sell |
| SMA (100) | 413.97 | Sell |
| EMA (100) | 412.07 | Sell |
| SMA (200) | 418.8 | Sell |
| EMA (200) | 408.48 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.39 | Neutral |
| MACD (12,26,9) | -0.17 | Sell |
| Stochastic (14,3,3) | 25.18 | Neutral |
| ADX (14) | 9.91 | Neutral |
| Williams %R (14) | -69.55 | Neutral |
| ATR (14) | 6.88 | Neutral |
| ROC (12) | -0.63 | Sell |
| Stoch RSI (14) | 6.4 | Buy |
| UO (7,14,28) | 43.33 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 28 | 93.33% |
| Hold | 0 | 0% |
| Sell | 2 | 6.67% |

Based on 30 analyst ratings, observed at 2026-09-11T04:45:15.992268+00:00.

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - UCO Bank revises TBLR (3m,6m) and G‑Sec‑linked rates effective 10-Mar-2026; MCLR unchanged. | [Announcement under Regulation 30 (LODR)-Interest Rates Updates 9h - UCO Bank revises TBLR (3m,6m) and G‑Sec‑linked rates effective 10-Mar-2026; MCLR unchanged.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/11bf5daf-bbc0-44b9-b9f8-38b7d70566a3.pdf) |
| 7 May - Board to meet on 19 May 2026 to approve FY26 results and consider final dividend. | [Board Meeting Intimation for Inter Alia, Considering And Approving, Audited Standalone & Consolidated Financial Results For The Quarter And Year Ended 31St March, 2026 And Also To Consider Recommendation Of Final Dividend For The Financial Year 2025-26. 7 May - Board to meet on 19 May 2026 to approve FY26 results and consider final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/31e676a3-15f6-42dd-a113-17c0a13f6b11.pdf) |
| 7 Feb - EGM on 16 Mar 2026 to elect one shareholder director; cut-off 16 Feb; nominations by 27 Feb. | [Convening Of Extraordinary General Meeting (EGM) And Notice Of Specified/Cut-Off Date For Election Of Shareholder Director 7 Feb - EGM on 16 Mar 2026 to elect one shareholder director; cut-off 16 Feb; nominations by 27 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02a97050-3e67-4d53-9c3d-c7752bd035d7.pdf) |
| 5 May - BEL wins Rs. 1,251 crore order to supply GBMES to the Indian Army. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 May - BEL wins Rs. 1,251 crore order to supply GBMES to the Indian Army.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4e8aecb-53e4-4d90-9a96-219739f4953b.pdf) |
| 31 Mar - Secured additional orders worth Rs. 6,795 crore including mountain radars, LCA avionics, export communications, fuzes on 31 Mar 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - Secured additional orders worth Rs. 6,795 crore including mountain radars, LCA avionics, export communications, fuzes on 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6dc74270-6a57-4b51-bc7b-04b694236dbc.pdf) |
| 31 Jan - Pranab Kumar Biswas elevated to General Manager of UCO Bank, effective 01.02.2026. | [Change In Senior Management Of The Bank 31 Jan - Pranab Kumar Biswas elevated to General Manager of UCO Bank, effective 01.02.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9661676-63a9-42e6-8402-cc3e029df9c9.pdf) |
| 31 Jan - GM Manish Kumar (Credit Monitoring) superannuated effective January 31, 2026. | [Change In Senior Management Of The Bank 31 Jan - GM Manish Kumar (Credit Monitoring) superannuated effective January 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db8ce5eb-b15f-4060-bf1b-7bd8b07cd452.pdf) |
| 30 Mar - BEL received additional orders worth Rs.1660 Crore since 17 March 2026, across defence equipment and services. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 30 Mar - BEL received additional orders worth Rs.1660 Crore since 17 March 2026, across defence equipment and services.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1e348ec-2530-4142-ace4-bd9b632f4722.pdf) |
| 30 Apr - BEL intimation of superannuation of two General Managers on 30 April 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Apr - BEL intimation of superannuation of two General Managers on 30 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e386a48f-89e8-4cda-991e-15fabb09a801.pdf) |
| 30 Apr - BEL intimation of superannuation of two General Managers on 30 April 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Apr - BEL intimation of superannuation of two General Managers on 30 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e386a48f-89e8-4cda-991e-15fabb09a801.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Date of payment of Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96e6f1a8-f55b-48e0-8c9d-6c71103e2608.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37336839-c1e0-44c2-918e-327098c858fc.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dec5f7db-4c83-4342-a8a2-8d37ff817336.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d6e7255-be92-4d12-bb92-785b8cecb309.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c00f9d94-6358-45e9-98bb-2e87c9d3240a.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11595e95-f63d-41ad-9c8c-49a54b12d0ba.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56ce478b-c453-4409-bea0-5d9fb517e29d.pdf) |
| 2026-08-18 | [Addendum To The Notice Of The 72Nd Annual General Meeting Of The Company Scheduled To Be Held On 28 August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f12d2145-0f35-4b24-b19a-a6f704695788.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4280881b-62b1-479c-b3c1-4791b190b7bd.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18c574bf-6fda-43b1-b04f-e9ae3eef36bb.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2a747a3-664c-4c5d-9373-fcddc0d2a3ae.pdf) |
| 2025-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cb598de-8408-4f90-81cf-76b3485986d7.pdf) |
| 2025-02-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ace1071-eb39-4029-9024-06884c5362a1.pdf) |
| 2024-10-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8e1560b-b9cc-4c51-bb73-b29ddc1000de.pdf) |
| 2024-08-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=289cbf57-5492-45b2-b27c-c980bc30d629.pdf) |
| 2024-08-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7c535f4-d1e2-45f8-ab35-502ea3acf0f1.pdf) |
| 2024-05-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68c8e9ac-74dc-48d9-84ea-17f02c4e9968.pdf) |
| 2024-02-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e509c779-bce0-4c81-9938-8e4408c5112b.pdf) |
| 2023-11-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f432414e-ffcb-4202-9378-ae3a0356f467.pdf) |
| 2023-08-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=692aea7e-6b49-432d-abb5-37db8a529d4f.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f85ace54-d9d3-49e5-b559-6e108968d220.pdf) |
| 2026-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62a01ea1-44b5-4437-b402-7e495329ba9b.pdf) |
| 2026-01-28 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14da23bf-1332-4d9f-8cef-f432043c552e.pdf) |
| 2025-10-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f828f18-034b-445b-905b-4d4bb40a46a9.pdf) |
| 2025-07-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2dbdef0-cbc3-46b3-97fe-05634ee8a0f4.pdf) |
| 2025-05-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a771f0d-5be6-4c99-942d-c21a0e809885.pdf) |
| 2024-10-28 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92b7d1ea-481a-4816-8932-55023dacae79.pdf) |
| 2024-07-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b9c86e1-774e-4bfa-9962-b62d7f4998da.pdf) |
| 2024-07-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=578dc9ed-b2d4-4563-87d8-5191d019a035.pdf) |
| 2024-05-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c11a3b41-d3bc-4d97-b264-edcf931a74f2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04a91106-5635-4b60-bb61-9b7d3944e0fc.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8e1560b-b9cc-4c51-bb73-b29ddc1000de.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2dacaf0-192d-4a88-bef5-efa32a1295c4.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9086c7ac-ab01-42ac-887f-3d0e37ac0833.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9086c7ac-ab01-42ac-887f-3d0e37ac0833.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d4df990-4159-423c-bf66-1f1ea7c8a615.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f432414e-ffcb-4202-9378-ae3a0356f467.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc2db870-4ee8-46a5-980f-787145881e61.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f32d2ed7-e599-42b4-ab37-d8e5e79ae0ca.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f32d2ed7-e599-42b4-ab37-d8e5e79ae0ca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from web | [Annual Report 2023 from web](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffef461f-3677-417f-b112-76076c71626b.pdf) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe7510ea-01e4-4f93-99bd-b41007aebe1d.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/738702e6-6e61-4690-b85a-4cc6dca3f74c.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a8354c4-7285-474d-b665-27481d0d7e0e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84ee8750-2309-4fd7-98eb-3d60ca6ecfc6.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e54ff016-5b85-4dd8-a9bc-4310ba71edc6.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b52c3bf3-1217-4cfd-bf72-7f8a8c0adc3b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-10-31 | [Financial Results For The Quarter And Half Year Ended 30.09.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe1b8538-f118-418e-b787-169fc9cb2db2.pdf) |
| 2025-07-28 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=069b66f3-72f0-4b6d-b905-1949920d05e8.pdf) |
| 2025-05-19 | [Outcome Of Board Meeting - Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31St March 2025 And Recommendation Of Final Dividend For The Financial Year 2024-25.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59da57a1-0a41-4a44-8cb6-3caf3e864f4e.pdf) |
| 2025-01-30 | [Unaudited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43ff700d-23d5-4d4b-8f75-4b8d4ab903b8.pdf) |
| 2024-10-25 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c66684c-6ab1-4b53-a142-887e4f092ef0.pdf) |
| 2024-07-29 | [Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c38cffd-d441-4970-a5b4-e01e89f93fdf.pdf) |
| 2024-06-19 | [Financial Results For The Year Ended 31St March, 2024 Along With Declaration U/R 33(3)(D) Of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aba33061-eda9-4f12-8150-2f9b5f63bf14.pdf) |
| 2024-05-20 | [Audited Standalone And Consolidated Financial Results For The Quarter/Year Ended 31St March 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4026c2f4-793f-4485-a791-137ec099859e.pdf) |
| 2024-01-29 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31St December, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53da2731-5e48-408e-b7b3-5aa9aca79d5c.pdf) |
| 2023-10-28 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2171f8b4-668a-47be-9583-a99f8597ccd2.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 2026-09-13T18:25:43.253Z.