---
title: "Bharat Heavy Electricals Ltd (BHEL) — Share Price, Financials & Analysis"
symbol: "BHEL"
company: "Bharat Heavy Electricals Ltd"
canonical: "https://tapetide.com/stocks/BHEL"
isin: "INE257A01026"
nse_symbol: "BHEL"
bse_code: "500103"
sector: "Capital Goods"
industry: "Electrical Equipment"
market_cap_cr: 145793.99
generated_at: "2026-09-13T18:58:55.412Z"
---

# Bharat Heavy Electricals Ltd (BHEL)

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

## Company

- **NSE Symbol:** BHEL
- **BSE Code:** 500103
- **ISIN:** INE257A01026
- **Sector:** Capital Goods
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2003-11-11
- **CEO:** Mr. Koppu Sadashiv Murthy
- **Employees:** 41132
- **Face Value:** ₹2
- **F&O Eligible:** Yes
- **Website:** bhel.com

## About

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence.[1] It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.[2]

## Latest Price

- **Price:** ₹431
- **Change:** +1.5 (+0.35%)
- **Open:** ₹427
- **Day High:** ₹433
- **Day Low:** ₹418.2
- **Previous Close:** ₹429.5
- **Volume:** 6548117
- **As Of:** 2026-09-11T10:29:49+00:00

## Key Fundamentals

Observed at 2026-09-11T04:32:02.040347Z.

- **Market Cap:** ₹145793.99 Cr
- **Classification:** Largecap
- **P/E (reported):** 61.8
- **P/E (TTM):** 61.66
- **EPS (TTM):** ₹6.99
- **EPS (reported):** ₹0.29
- **Book Value:** ₹75.09
- **Price to Book:** 5.75
- **Dividend Yield:** 0.33%
- **ROE:** 6.12%
- **ROCE:** 6.6%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹34589.8 Cr
- **Net Income:** ₹1600.3 Cr
- **EBITDA:** ₹3149.8 Cr
- **52-Week High:** ₹446.5
- **52-Week Low:** ₹214.05
- **RSI (14):** 54.42

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 14.67 | 9% |
| growth | 77.98 | 9% |
| momentum | 87.84 | 12% |
| ownership | 51.91 | 24% |
| quality | 49.06 | 22% |
| valuation | 59.99 | 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 20.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 31.3%

### Weaknesses

- Stock is trading at 5.74 times its book value
- Company has a low return on equity of 3.18% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.00%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 166.25% | 257.22% | 784.12% |
| ebitda margin growth | -63.76% | 53.63% | 92.19% | 80.4% |
| net income growth | -70.81% | 199.74% | 36% | 21% |
| revenue growth | -36.97% | 20.08% | 13% | 14% |
| roce | -66.36% | 76% | 128.37% | 3.86% |
| roe | -70.81% | 183.33% | 3.14% | 264.29% |

## 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 | 5125 | 5504 | 8260 | 5485 | 6584 | 7277 | 8993 | 5487 | 7512 | 8473 | 12310 | 7698 |
| Expenses | 5279 | 5287 | 7532 | 5654 | 6309 | 6973 | 8162 | 6024 | 6931 | 7928 | 10557 | 7194 |
| Operating Profit | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 | 545 | 1753 | 504 |
| OPM % | -3 | 3.9 | 9 | -3.1 | 4.2 | 4.2 | 9 | -10 | 8 | 6 | 14 | 7 |
| Other Income | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 | 235 | 260 | 226 |
| Interest | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 182 | 198 | 140 |
| Depreciation | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 | 78 | 88 | 82 |
| Profit before tax | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 | 1728 | 508 |
| Tax % | -69 | 29 | 23 | -24 | 25 | 25 | 28 | -25 | 25 | 25 | 25 | 26 |
| Net Profit | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 | 390 | 1290 | 377 |
| EPS in Rs | -0.18 | 0.17 | 1.41 | -0.61 | 0.3 | 0.39 | 1.45 | -1.31 | 1.08 | 1.12 | 3.71 | 1.08 |

### 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 | 28827 | 30441 | 21463 | 17309 | 21211 | 23365 | 23893 | 28339 | 33782 | 35993 |
| Expenses | 27174 | 28409 | 21596 | 20357 | 20383 | 22321 | 23182 | 26940 | 31210 | 32610 |
| Operating Profit | 1653 | 2032 | -133 | -3049 | 828 | 1044 | 711 | 1399 | 2572 | 3383 |
| OPM % | 6 | 7 | -0.6 | -18 | 3.9 | 4.5 | 3 | 4.9 | 8 | 9 |
| Other Income | 679 | 662 | 590 | 393 | 405 | 544 | 608 | 524 | 869 | 909 |
| Interest | 330 | 378 | 613 | 467 | 448 | 612 | 828 | 906 | 986 | 715 |
| Depreciation | 787 | 476 | 503 | 473 | 314 | 260 | 249 | 272 | 316 | 323 |
| Profit before tax | 1215 | 1840 | -659 | -3596 | 470 | 716 | 243 | 746 | 2139 | 3254 |
| Tax % | 64 | 46 | 123 | -25 | 5 | 9 | -16 | 28 | 25 | — |
| Net Profit | 438 | 1002 | -1468 | -2700 | 445 | 654 | 282 | 534 | 1600 | 2432 |
| EPS in Rs | 1.2 | 2.89 | -4.21 | -7.75 | 1.28 | 1.88 | 0.81 | 1.53 | 4.6 | 6.99 |
| Dividend Payout % | 151 | 69 | 0 | 0 | 31 | 21 | 31 | 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 | 490 | 734 | 696 | 696 | 696 | 696 | 696 | 696 | 696 | 696 |
| Reserves | 31899 | 31601 | 30208 | 27964 | 25287 | 25810 | 23682 | 23742 | 24026 | 25450 |
| Borrowings | 156 | 110 | 2598 | 5080 | 4951 | 4830 | 5454 | 8856 | 9015 | 8187 |
| Other Liabilities | 29153 | 31495 | 30987 | 26550 | 25025 | 25654 | 27832 | 26489 | 35112 | 42554 |
| Total Liabilities | 61698 | 63940 | 64490 | 60291 | 55960 | 56991 | 57664 | 59784 | 68849 | 76888 |
| Fixed Assets | 3601 | 3073 | 2970 | 2817 | 2491 | 2398 | 2476 | 2574 | 2947 | 2999 |
| CWIP | 168 | 203 | 235 | 314 | 420 | 431 | 354 | 308 | 195 | 495 |
| Investments | 757 | 429 | 152 | 162 | 185 | 205 | 235 | 256 | 276 | 302 |
| Other Assets | 57171 | 60235 | 61132 | 56998 | 52864 | 53956 | 54599 | 56646 | 65431 | 73092 |
| Total Assets | 61698 | 63940 | 64490 | 60291 | 55960 | 56991 | 57664 | 59784 | 68849 | 76888 |

### 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 | 560 | 989 | -3860 | -2892 | 560 | 660 | -741 | -3713 | 2192 | 5837 |
| Cash from Investing Activity | -565 | 961 | 1919 | 1877 | -42 | -1118 | 1480 | 1331 | -2731 | -3035 |
| Cash from Financing Activity | -468 | -667 | -32 | 1622 | -394 | -329 | 89 | 2656 | -857 | -1806 |
| Net Cash Flow | -473 | 1283 | -1973 | 608 | 123 | -787 | 829 | 274 | -1396 | 996 |
| Free Cash Flow | 227 | 719 | -4284 | -3276 | 311 | 498 | -921 | -3936 | 1902 | 5261 |
| CFO/OP | 105 | 57 | -169 | 1930 | -25 | 30 | -82 | -554 | 151 | 227 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 283 | 178 | 142 | 121 | 85 | 52 | 49 | 73 | 76 | 73 |
| Inventory Days | 200 | 191 | 218 | 321 | 333 | 274 | 261 | 253 | 289 | 309 |
| Days Payable | 225 | 301 | 297 | 300 | 281 | 291 | 345 | 270 | 259 | 231 |
| Cash Conversion Cycle | 258 | 68 | 63 | 142 | 137 | 35 | -35 | 56 | 106 | 151 |
| Working Capital Days | 162 | 121 | 100 | 72 | 42 | 1 | -5 | 60 | 99 | 86 |
| ROCE % | 3 | 5 | 7 | 0 | -10 | 3 | 4 | 3 | 5 | 9 |

## 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 | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 58.17% | 58.17% |
| FIIs | 7.23% | 7.04% | 8.75% | 9.1% | 9.49% | 7.98% | 7.19% | 6.36% | 6.23% | 6.29% | 7.23% | 9.51% |
| DIIs | 15.99% | 17.58% | 15.94% | 15.03% | 14.69% | 15.49% | 16.35% | 18.45% | 18.62% | 19.7% | 23.98% | 22.44% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 11.72% | 10.33% | 10.33% | 11.15% | 11.23% | 11.81% | 11.77% | 10.69% | 10.66% | 9.54% | 9.29% | 8.33% |
| Others | 1.89% | 1.89% | 1.8% | 1.55% | 1.43% | 1.54% | 1.52% | 1.32% | 1.31% | 1.31% | 1.33% | 1.55% |
| No. of Shareholders | 1227660 | 1265440 | 1499200 | 1880850 | 1995270 | 2083030 | 2120570 | 1983220 | 1961660 | 1791830 | 1755260 | 1628020 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 429.74 | Buy |
| EMA (10) | 428.25 | Buy |
| SMA (20) | 425.67 | Buy |
| EMA (20) | 425.19 | Buy |
| SMA (50) | 415.08 | Buy |
| EMA (50) | 414.97 | Buy |
| SMA (100) | 403.49 | Buy |
| EMA (100) | 392.1 | Buy |
| SMA (200) | 337.13 | Buy |
| EMA (200) | 352.17 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.25 | Neutral |
| MACD (12,26,9) | 4.36 | Sell |
| Stochastic (14,3,3) | 67.39 | Neutral |
| ADX (14) | 27.87 | Buy |
| Williams %R (14) | -33.77 | Neutral |
| ATR (14) | 11.99 | Neutral |
| ROC (12) | 3.73 | Buy |
| Stoch RSI (14) | 33.63 | Neutral |
| UO (7,14,28) | 55.7 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 9 | 45% |
| Hold | 1 | 5% |
| Sell | 10 | 50% |

Based on 20 analyst ratings, observed at 2026-09-11T04:58:18.827191+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=becf190c-0fbf-43d4-afda-148481b1bd03.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da08cd3c-5566-49b9-b854-067b3f5d72da.pdf) |
| 2026-08-26 | [Disclosure Under Section 30 Of SEBI (LODR) Regulations 2015-Fine](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35c0b6b1-3c6d-4a85-a5a3-7ea92a3d0181.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e5a1eae-c2bb-4b4f-93b8-e09858da2a37.pdf) |
| 2026-08-18 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6607208A_C204_425F_A627_11A559E353EB_100459.pdf) |
| 2026-08-13 | [BHEL Signs SCA With M/S Hystar AS Norway For PEM Electrolyser Systems For Green Hydrogen Projects.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b442020-83fa-419f-8fe0-d597f03460db.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bff38950-2805-4c92-9c36-d29ef767f639.pdf) |
| 2026-08-05 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d78d9089-9f01-45fb-9eaa-ba8514452811.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c08be29-9fa1-4e95-931f-28ad5536a1a9.pdf) |
| 2026-07-31 | [Disclosure Under Regulation 30 Read With Para A Of Part A Of Schedule III Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=538582e8-c11b-48d8-9b5a-1518a16759e8.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-16 | [Unaudited Financial Results For The Quarter Ended On 30 June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5fbc1953-d7c7-4e03-bdb5-60c5f75f431d.pdf) |
| 2026-05-04 | [Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31.03.2026 And Declaration Of Final Dividend For FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07fd586a-bdbc-4569-b2f8-ebdcaab18bf0.pdf) |
| 2026-01-19 | [Unaudited Financial Results For & Upto The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=474e340a-9819-4816-b113-ad7d7b5da69e.pdf) |
| 2025-10-29 | [Unaudited Financial Results For & Upto The Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a40c64d-2abe-41d1-8711-2e306b4d01cf.pdf) |
| 2025-08-06 | [Financial Results For The Quarter Ended June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a82e99c-e714-4ebf-a6d7-a4fee81e408c.pdf) |
| 2025-05-16 | [Audited Financial Results (Standalone And Consolidated) For The Quarter & Year Ended 31St March 2025 And Declaration Of Final Dividend For FY 2024-25<BR> <BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e56285a-523a-413b-bf22-c8df8de8f92b.pdf) |
| 2025-01-28 | [Unaudited Financial Results For & Upto The Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=185c85c9-24a4-44b2-8d71-e49301d9e495.pdf) |
| 2024-10-28 | [Unaudited Financial Results For & Upto The Quarter Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3180099-5e8b-4977-9ee1-1e3a5c0a7aa5.pdf) |
| 2024-07-31 | [Unaudited Financial Results For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2cdbbdab-f457-4daa-a9c2-863fd0475359.pdf) |
| 2024-05-21 | [Audited Financial Results (Standalone And Consolidated) For The Quarter & Year Ended 31St March, 2024 And Declaration Of Final Dividend For FY 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6132414a-e62c-4fba-bedb-78d636b23338.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 February 2026 - Unaudited Q3 and nine-month results to 31-Dec-2025: net profit Rs532.33L (Q), Rs1,828.03L (9M); interim dividend Re1. | [Copy of Newspaper Publication 9 February 2026 - Unaudited Q3 and nine-month results to 31-Dec-2025: net profit Rs532.33L (Q), Rs1,828.03L (9M); interim dividend Re1.](https://nsearchives.nseindia.com/corporate/kpsarathy_09022026165611_Newspaper_Intimation.pdf) |
| 9 Apr - BHEL signs TCA with Korea’s E2S for excitation systems for synchronous machines. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 9 Apr - BHEL signs TCA with Korea’s E2S for excitation systems for synchronous machines.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61deea67-f775-4574-b1b2-d31a16da08ef.pdf) |
| 8 Apr - Certificate under Regulation 74(5) of SEBI DP Regulation for quarter ended on 31.03.2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Certificate under Regulation 74(5) of SEBI DP Regulation for quarter ended on 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/971dfa8c-505f-4150-ac3a-5a0097edb0fd.pdf) |
| 7h - Ms. Aruna Gulati appointed Head of Solar Business Division, Bengaluru, effective 25 April 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 7h - Ms. Aruna Gulati appointed Head of Solar Business Division, Bengaluru, effective 25 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/39730f51-b51c-420f-a488-48493dcc8a32.pdf) |
| 7h - BHEL board meets on 4 May 2026 to approve audited Q4 and FY2026 results; trading window closes till 6 May. | [Board Meeting Intimation for Audited Financial Results For The Quarter & Year Ended 31St March, 2026 7h - BHEL board meets on 4 May 2026 to approve audited Q4 and FY2026 results; trading window closes till 6 May.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bd2cc82c-4bca-40c4-87d4-2de7a33299c3.pdf) |
| 6 February 2026 - Unaudited Q3/9M results; interim dividend Re.1/share (record date 18 Feb 2026); WTD R. Rajkumar re-appointed. | [Appointment 6 February 2026 - Unaudited Q3/9M results; interim dividend Re.1/share (record date 18 Feb 2026); WTD R. Rajkumar re-appointed.](https://nsearchives.nseindia.com/corporate/kpsarathy_06022026134957_Intimation_on_Outcome_of_BM.pdf) |
| 6 February 2026 - Unaudited Q3 & 9M results to 31-Dec-2025; interim dividend Re1/share (record date 18-Feb-2026); WTD re-appointed. | [Record Date 6 February 2026 - Unaudited Q3 & 9M results to 31-Dec-2025; interim dividend Re1/share (record date 18-Feb-2026); WTD re-appointed.](https://nsearchives.nseindia.com/corporate/kpsarathy_06022026145830_Intimation_on_Outcome_of_BM.pdf) |
| 6 February 2026 - Q3 & 9M FY26 results; interim dividend Re.1/share (record date Feb 18, 2026); R. Rajkumar re-appointed as WTD from Mar 30, 2026 (3 years) | [Outcome of Board Meeting 6 February 2026 - Q3 & 9M FY26 results; interim dividend Re.1/share (record date Feb 18, 2026); R. Rajkumar re-appointed as WTD from Mar 30, 2026 (3 years)](https://nsearchives.nseindia.com/corporate/kpsarathy_06022026133355_Intimation_on_Outcome_of_BM.pdf) |
| 6 February 2026 - Approved Q3/9M FY2025-26 results; interim dividend Re.1/share (record date 18 Feb 2026); re-appointed Whole-time Director. | [Dividend 6 February 2026 - Approved Q3/9M FY2025-26 results; interim dividend Re.1/share (record date 18 Feb 2026); re-appointed Whole-time Director.](https://nsearchives.nseindia.com/corporate/kpsarathy_06022026134413_Intimation_on_Outcome_of_BM.pdf) |
| 5 May - Results for the quarter & year ended 31.03.2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May - Results for the quarter & year ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/95f21ded-5239-4d5f-a394-dfa0236f70a4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_26560_UNITEDTEA_2024_2025_A_17062025144450.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24891_UNITEDTEA_2023_2024_0908202415465.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22060_UNITEDTEA_2022_2023_23062023163203_06232023170000.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20345_UNITEDTEA_2021_2022_13072022133622_07132022140003.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18460_UNITEDTEA_2020_2021_19072021163511_19072021170004.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16456_UNITEDTEA_2019_2020_15072020130610_15072020140003.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14583_UNITEDTEA_2018_2019_25062019153837_11072019170003.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13356_UNITEDTEA_2017_2018_05092018184553.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04116f8e-fa1a-4abc-9e5f-f3c8be2db99f.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78065402-e226-4cad-ae7d-2876ac01190f.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13df1bc9-e65d-4fb6-b808-cdd626288b86.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13df1bc9-e65d-4fb6-b808-cdd626288b86.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=def3e115-c2f3-4c39-80af-f866bf99b0b6.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/def3e115-c2f3-4c39-80af-f866bf99b0b6.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cc24fc8-bace-4a93-9696-0bf335363007.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cc24fc8-bace-4a93-9696-0bf335363007.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-05-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=921f6c1b-73e7-4c9b-a17f-164ce6ca050e.pdf) |
| 2023-05-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5dae8ac4-c0fc-4b51-84a0-2aaa044f3fa1.pdf) |
| 2022-05-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8fe5df7-97a5-4e40-bf39-01c4c4a4fc16.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2022-11-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ca5e172-1ca6-433e-b9e7-cbd0ef9097f9.pdf) |
| 2022-11-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d11e10f-cf36-4b88-8894-d3a8e68d76e3.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 2026-09-13T18:58:55.412Z.