---
title: "Bharat Road Network Ltd (BRNL) — Share Price, Financials & Analysis"
symbol: "BRNL"
company: "Bharat Road Network Ltd"
canonical: "https://tapetide.com/stocks/BRNL"
isin: "INE727S01012"
nse_symbol: "BRNL"
bse_code: "540700"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 138.18
generated_at: "2026-09-13T18:24:17.993Z"
---

# Bharat Road Network Ltd (BRNL)

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

## Company

- **NSE Symbol:** BRNL
- **BSE Code:** 540700
- **ISIN:** INE727S01012
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2017-09-18
- **CEO:** Ms. Manisha Chandalia
- **Employees:** 36
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** brnl.in

## About

Incorporated in 2006, Bharat Road Network Ltd is in the business of designing, building, operating, maintaining and carrying out all other activities pertaining to road projects, under the aforesaid SPV model[1]

## Latest Price

- **Price:** ₹16.73
- **Change:** +0.08 (+0.48%)
- **Open:** ₹17
- **Day High:** ₹17
- **Day Low:** ₹16.06
- **Previous Close:** ₹16.65
- **Volume:** 17005
- **As Of:** 2026-09-11T09:59:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:14.762706Z.

- **Market Cap:** ₹138.18 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.9
- **EPS (TTM):** ₹-15.99
- **Book Value:** ₹47.96
- **Price to Book:** 0.35
- **Dividend Yield:** 0%
- **ROE:** 32.25%
- **ROCE:** 23.36%
- **Debt to Equity:** 1.08
- **Revenue (yearly):** ₹154.3 Cr
- **Net Income:** ₹-59.35 Cr
- **EBITDA:** ₹-24.39 Cr
- **52-Week High:** ₹26.5
- **52-Week Low:** ₹16.5
- **RSI (14):** 25.06

## Tapetide Score

- **Score:** 30 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 2 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 7.96 | 9% |
| growth | 1.1 | 9% |
| momentum | 41.37 | 12% |
| ownership | 48.91 | 24% |
| quality | 8.33 | 22% |
| valuation | 44.75 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.35 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.93% over past five years.
- Company has a low return on equity of -0.38% over last 3 years.
- Contingent liabilities of Rs.2,330 Cr.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -73% | -72.48% | 39.26% |
| ebitda margin growth | 23.72% | -124.1% | -134.55% | -130.49% |
| net income growth | 20.78% | -143.61% | 23% | 12% |
| revenue growth | — | -67.85% | -22% | -6% |
| roce | -20.67% | 444.52% | — | 3.43% |
| roe | -20.8% | -181.52% | -19.55% | -369.2% |

## 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 | 91 | 97 | 93 | 103 | 76 | 232 | 47 | 46 | 17 | 42 | 49 | 47 |
| Expenses | 98 | 49 | 49 | 53 | 68 | 54 | 42 | 18 | 64 | 8 | 88 | 121 |
| Operating Profit | -7 | 49 | 44 | 50 | 8 | 177 | 5 | 28 | -47 | 34 | -40 | -73 |
| OPM % | -7 | 50 | 47 | 48 | 11 | 76 | 11 | 61 | -276 | 82 | -81 | -154 |
| Other Income | 2 | 2 | 5 | 5 | 5 | 7 | 6 | 5 | 67 | 8 | -48 | 6 |
| Interest | 48 | 47 | 46 | 46 | 5 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 16 | 16 | 34 | 21 | 18 | 18 | 18 | 19 | 7 | 17 | 22 | 20 |
| Profit before tax | -68 | -12 | -31 | -13 | -10 | 165 | -8 | 14 | 12 | 25 | -110 | -87 |
| Tax % | -3 | -16 | -6 | -16 | 2 | 0 | -10 | 3 | 1 | -1 | 0 | 0 |
| Net Profit | -66 | -10 | -30 | -11 | -10 | 164 | -7 | 13 | 12 | 25 | -110 | -87 |
| EPS in Rs | -6.64 | -1.87 | -3.42 | -1.85 | -0.85 | 20.2 | -0.57 | 1.22 | 0.57 | 2.19 | -7.51 | -11.24 |

### 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 | 153 | 401 | 299 | 210 | 216 | 326 | 380 | 274 | 154 | 155 |
| Expenses | 172 | 248 | 116 | 163 | 266 | 322 | 242 | 218 | 179 | 281 |
| Operating Profit | -18 | 153 | 184 | 46 | -50 | 4 | 138 | 57 | -24 | -126 |
| OPM % | -12 | 38 | 61 | 22 | -23 | 1.3 | 36 | 21 | -16 | -81 |
| Other Income | 98 | 48 | 34 | 35 | -133 | 14 | 11 | 206 | 31 | 32 |
| Interest | 44 | 205 | 193 | 167 | 182 | 184 | 188 | 54 | 0 | 0 |
| Depreciation | 0 | 34 | 36 | 39 | 43 | 57 | 82 | 74 | 66 | 67 |
| Profit before tax | 35 | -37 | -12 | -125 | -408 | -222 | -121 | 134 | -59 | -160 |
| Tax % | 33 | 16 | 9 | -5 | -5 | -8 | -6 | -2 | 1 | — |
| Net Profit | 23 | -44 | -13 | -119 | -389 | -205 | -113 | 136 | -59 | -160 |
| EPS in Rs | 2.78 | -4.56 | -1.9 | -13.61 | -44.83 | -24.96 | -13.34 | 16.81 | -3.53 | -15.99 |
| Dividend Payout % | 36 | -11 | 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 | 55 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Reserves | 386 | 979 | 928 | 917 | 802 | 425 | 218 | 106 | 247 | 319 |
| Borrowings | 559 | 1041 | 1372 | 1556 | 1539 | 1492 | 1413 | 1328 | 434 | 434 |
| Other Liabilities | 231 | 465 | 581 | 767 | 717 | 845 | 991 | 1216 | 670 | 599 |
| Total Liabilities | 1231 | 2569 | 2965 | 3324 | 3143 | 2846 | 2706 | 2734 | 1435 | 1436 |
| Fixed Assets | 25 | 893 | 869 | 1689 | 1661 | 1629 | 1536 | 1453 | 578 | 501 |
| CWIP | 420 | 542 | 797 | 100 | 132 | 158 | 242 | 347 | 1 | 0 |
| Investments | 449 | 562 | 523 | 486 | 426 | 206 | 119 | 120 | 116 | 93 |
| Other Assets | 337 | 573 | 776 | 1048 | 924 | 853 | 810 | 814 | 740 | 842 |
| Total Assets | 1231 | 2569 | 2965 | 3324 | 3143 | 2846 | 2706 | 2734 | 1435 | 1436 |

### 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 | -9 | 143 | 296 | 238 | 51 | 22 | 259 | 264 | 71 | -126 |
| Cash from Investing Activity | -333 | -1031 | -365 | -157 | 168 | 196 | 81 | -208 | -62 | 328 |
| Cash from Financing Activity | 353 | 881 | 86 | -86 | -199 | -233 | -250 | -114 | -68 | -80 |
| Net Cash Flow | 11 | -7 | 17 | -5 | 20 | -15 | 90 | -57 | -59 | 122 |
| Free Cash Flow | -349 | 0 | -25 | 82 | 66 | -6 | 251 | 160 | 19 | -133 |
| CFO/OP | 26 | -801 | 198 | 130 | 114 | -47 | 6047 | 191 | 128 | 474 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 | 3 |
| Cash Conversion Cycle | 12 | 247 | 90 | 144 | 236 | 233 | 66 | 0 | 1 | 3 |
| Working Capital Days | -103 | -393 | -93 | 10 | -32 | -235 | -411 | -845 | -467 | -138 |
| ROCE % | -3 | 5 | 7 | 7 | 1 | -4 | -2 | 4 | 15 | -6 |

## 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 | 53.76% | 53.76% | 52.23% | 52.1% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.97% | 51.73% |
| FIIs | 0% | 0% | 0.06% | 0% | 0.01% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% |
| DIIs | 0.28% | 0.28% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% | 0.17% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 8.52% | 8.42% | 11.42% | 12.1% | 12.34% | 12.35% | 12.97% | 17.38% | 19.68% | 19.12% | 19.16% | 19.18% |
| Others | 37.44% | 37.54% | 36.17% | 35.69% | 35.57% | 35.58% | 34.95% | 30.52% | 28.24% | 28.8% | 28.76% | 28.92% |
| No. of Shareholders | 23599 | 25670 | 51896 | 52534 | 51038 | 50492 | 51195 | 52763 | 54581 | 53152 | 52422 | 51502 |

## 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) | 17.02 | Sell |
| EMA (10) | 16.97 | Sell |
| SMA (20) | 17.17 | Sell |
| EMA (20) | 17.14 | Sell |
| SMA (50) | 17.52 | Sell |
| EMA (50) | 17.61 | Sell |
| SMA (100) | 18.68 | Sell |
| EMA (100) | 18.35 | Sell |
| SMA (200) | 19.76 | Sell |
| EMA (200) | 19.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.48 | Buy |
| MACD (12,26,9) | -0.22 | Sell |
| Stochastic (14,3,3) | 25.39 | Neutral |
| ADX (14) | 14.96 | Neutral |
| Williams %R (14) | -58.9 | Neutral |
| ATR (14) | 0.57 | High Volatility |
| ROC (12) | -3.29 | Sell |
| Stoch RSI (14) | 27.9 | Neutral |
| UO (7,14,28) | 42.11 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13097b91-3c53-4af9-bf7f-3f0ec3d2386c.pdf) |
| 2026-09-05 | [Intimation Pursuant To Regulation 34 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Submission Of 19Th AGM Notice And Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f0e770e-307b-466b-b217-d8526fdbc45b.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0671f7a-00b9-47bf-a81d-1388a3ad0e41.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c3aaafa-f891-4aff-a37e-02dcab090d49.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8873623-3f76-4be9-8007-9fa190189daf.pdf) |
| 2026-08-09 | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5d6fd95-3c29-435f-8be3-86ad3464ebaa.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ddd49c1-fa71-45e5-b8c2-d91823f90348.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Resignation of Managing Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4678327e-275b-49e2-b09d-66b1ffed5b0a.pdf) |
| 2026-07-15 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 - Notice For Investigation Under Section 212 (1)(C) And Calling Of Information Under Section 217(1) Of The Companies Act 2013 Issued By Serious Fr](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a9eb606-b36e-4015-b983-f4b6fd441fe0.pdf) |
| 2026-07-01 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b0ce097-aed8-4484-b3eb-98e90fb808ae.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Audited Financial Results For Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9443fb1f-6aa4-47e5-a5b5-491a713d9082.pdf) |
| 2025-11-11 | [Outcome Of Board Meeting - Board Meeting Dated 11Th November 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e05b4ba8-a7c7-435a-b7cf-d28fe96a0bc7.pdf) |
| 2025-02-11 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended On 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b22420c-4053-4430-a1e9-2366d222b6bd.pdf) |
| 2024-11-11 | [Outcome Of Board Meeting Dated 11Th November, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=587652dd-0ce4-4c9c-b471-58c7bb7d5fbf.pdf) |
| 2024-08-13 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b5f365f-2ca1-4774-8cf2-5848cbbd7aa3.pdf) |
| 2024-05-23 | [Outcome Of Board Meeting - Board Meeting Dated 23Rd May, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50b56684-687d-416e-8d2f-9f0394f12678.pdf) |
| 2024-02-06 | [Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The QuarterAnd Nine Months Ended On 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c863b615-f5cd-41da-a448-dda8b6d2190c.pdf) |
| 2023-11-09 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 09.11.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85109ff7-c88d-4fad-9c1a-1a62d734ef66.pdf) |
| 2023-05-25 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 25.05.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2883807-208f-4b14-b7cf-d30a6d02d1be.pdf) |
| 2023-01-23 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended On 31St December, 2022.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6c8c642-9488-4cd2-aa48-87961e1ef1a0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Board meeting on Feb 26, 2026 to consider audited FY2025 results and recommend equity dividend. | [Board Meeting Intimation for Consideration Of Audited Financial Results For The Financial Year Ended December 31, 2025. 9h - Board meeting on Feb 26, 2026 to consider audited FY2025 results and recommend equity dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3ee7315-937a-4c45-83b9-1c7168d123fa.pdf) |
| 9h - Board meeting on Feb 26, 2026 to approve audited FY2025 results and recommend equity dividend. | [Corporate Action-Board to consider Dividend 9h - Board meeting on Feb 26, 2026 to approve audited FY2025 results and recommend equity dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a46bf78-96d3-4ca2-ba33-22ffa1bfb892.pdf) |
| 5 Feb - Mr Nilkantha Brahmachari (Director Marketing & Technology) resigned effective close of business Feb 5, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 5 Feb - Mr Nilkantha Brahmachari (Director Marketing & Technology) resigned effective close of business Feb 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a022c55-df15-4013-aecb-27dff2befbff.pdf) |
| 4 Feb - Board meeting 13 Feb 2026 to approve Q3/9M results (31 Dec 2025); trading window closed from 1 Jan. | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2025. 4 Feb - Board meeting 13 Feb 2026 to approve Q3/9M results (31 Dec 2025); trading window closed from 1 Jan.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6303195-a741-4763-899d-b41c879cfd2b.pdf) |
| 30 Apr - Amitabh Kumar Jha appointed Managing Director from 1 May 2026 for three years, subject to shareholder approval. | [Board Meeting Outcome for Outcome For Board Meeting Held On 30Th April, 2026 30 Apr - Amitabh Kumar Jha appointed Managing Director from 1 May 2026 for three years, subject to shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e38f8395-d5c6-49f6-847f-e0c1b183ab4b.pdf) |
| 30 Apr - Amitabh Kumar Jha appointed Managing Director from 1 May 2026 for three years, subject to shareholder approval. | [Board Meeting Outcome for Outcome For Board Meeting Held On 30Th April, 2026 30 Apr - Amitabh Kumar Jha appointed Managing Director from 1 May 2026 for three years, subject to shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e38f8395-d5c6-49f6-847f-e0c1b183ab4b.pdf) |
| 28 Feb - Newspaper advertisement pertaining to the Audited Results of the Company for the financial year ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb - Newspaper advertisement pertaining to the Audited Results of the Company for the financial year ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7e8f476-19e5-4ce9-bb12-fa5e3786e5be.pdf) |
| 27 Feb - Vesuvius India files Annual Secretarial Compliance Report for year ended December 31, 2025. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 27 Feb - Vesuvius India files Annual Secretarial Compliance Report for year ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e87b61dc-9ef1-415d-ab50-2fde7e8a4a18.pdf) |
| 26 Feb - Vesuvius India appoints Thomas Mathew, Ashis Jain, Purushottam Bedare, Vikram Maladi effective March 1, 2026. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 26 Feb - Vesuvius India appoints Thomas Mathew, Ashis Jain, Purushottam Bedare, Vikram Maladi effective March 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/679f588e-1991-469c-afa5-35d83d3d1aea.pdf) |
| 26 Feb - Vesuvius India appoints M/s J K & Co as Cost Auditor for FY2026 (Jan 1–Dec 31, 2026). | [Appointment Of Cost Auditor Of The Company 26 Feb - Vesuvius India appoints M/s J K & Co as Cost Auditor for FY2026 (Jan 1–Dec 31, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f60bfd69-2e4f-41f5-be59-c41105178d59.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3225_VESUVIUS_2013_2013_28032014100152.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f5c51e6-a91a-49a5-a9ad-a1d1e00dd65f.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ada025fd-e3b9-487b-91fd-3c5b326252b8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/281a4fe1-de3a-4219-8094-c7e53ed98dcd.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3497b20-349a-40f4-bf8f-29109b02a2bc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1012eeee-8dbc-4bfa-a6df-85a4852a8010.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540700/75801540700.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acf2acd6-b8dd-4c1c-a4d6-4c92ed3bc188.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540700/71001540700.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/520113/72967520113.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9147971-3bf9-46c2-85e4-a1c5db9f3144.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb705fdd-3a17-4008-a191-f215ab8ebb80.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 2026-09-13T18:24:17.993Z.