---
title: "Essar Shipping Ltd (ESSARSHPNG) — Share Price, Financials & Analysis"
symbol: "ESSARSHPNG"
company: "Essar Shipping Ltd"
canonical: "https://tapetide.com/stocks/ESSARSHPNG"
isin: "INE122M01019"
nse_symbol: "ESSARSHPNG"
bse_code: "533704"
sector: "Transport Services"
industry: "Shipping"
market_cap_cr: 331.16
generated_at: "2026-09-13T19:20:06.220Z"
---

# Essar Shipping Ltd (ESSARSHPNG)

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

## Company

- **NSE Symbol:** ESSARSHPNG
- **BSE Code:** 533704
- **ISIN:** INE122M01019
- **Sector:** Transport Services
- **Industry:** Shipping
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2011-11-15
- **CEO:** Mr. Vipin Jain
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** essar.com

## About

Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages[1]

## Latest Price

- **Price:** ₹16.31
- **Change:** +0.21 (+1.3%)
- **Open:** ₹16.1
- **Day High:** ₹16.38
- **Day Low:** ₹15.91
- **Previous Close:** ₹16.1
- **Volume:** 92645
- **As Of:** 2026-09-11T09:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:39.835662Z.

- **Market Cap:** ₹331.16 Cr
- **Classification:** Microcap
- **P/E (reported):** 3.7
- **P/E (TTM):** 3.72
- **EPS (TTM):** ₹4.39
- **Book Value:** ₹-100.16
- **Price to Book:** -0.16
- **Dividend Yield:** 0%
- **ROE:** -27.59%
- **ROCE:** -77.75%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹1.78 Cr
- **Net Income:** ₹-112.06 Cr
- **EBITDA:** ₹-231.95 Cr
- **52-Week High:** ₹43.26
- **52-Week Low:** ₹15.71
- **RSI (14):** 32.03

## Tapetide Score

- **Score:** 34 / 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: Fair · Momentum: Falling
- **Percentile:** 4.9 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 21.73 | 9% |
| growth | 2.73 | 9% |
| momentum | 14.14 | 12% |
| ownership | 51.23 | 24% |
| quality | 21.15 | 22% |
| valuation | 56.49 | 24% |

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

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -67.2% over past five years.
- Contingent liabilities of Rs.358 Cr.
- Earnings include an other income of Rs.209 Cr.
- Company has high debtors of 262 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 3.31% | 449.53% |
| ebitda margin growth | — | -241.28% | — | -305.9% |
| net income growth | 747.19% | -117.07% | -20% | 15% |
| revenue growth | 78.26% | -99.28% | -69% | -67% |
| roce | — | — | -1.43% | -32.02% |
| roe | -747.76% | -807.44% | -28.86% | -302.27% |

## 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 | 12 | 3 | 3 | 3 | 148 | 3 | -143 | 2 | 0 | 0 | 0 | 0 |
| Expenses | 25 | 19 | 34 | 7 | 154 | 11 | -113 | 6 | 3 | 5 | 4 | 3 |
| Operating Profit | -13 | -17 | -32 | -4 | -6 | -8 | -30 | -5 | -3 | -4 | -4 | -3 |
| OPM % | -113 | -641 | -1248 | -175 | -4.4 | -267 | — | -279 | -31800 | -11175 | -9050 | -7475 |
| Other Income | -3 | 2 | 23 | -1 | 677 | 70 | 64 | 48 | 6 | -50 | -4 | 258 |
| Interest | 10 | 16 | 45 | 29 | 28 | 23 | 21 | 16 | 18 | 33 | 28 | 25 |
| Depreciation | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -37 | -41 | -53 | -35 | 642 | 39 | 13 | 27 | -16 | -88 | -36 | 230 |
| Tax % | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -36 | -41 | -53 | -35 | 642 | 40 | 13 | 27 | -16 | -88 | -36 | 230 |
| EPS in Rs | -1.74 | -2.12 | -3.11 | -1.69 | 31.04 | 1.92 | 0.62 | 1.32 | -0.76 | -4.26 | -1.72 | 11.13 |

### 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 | 1208 | 1309 | 1344 | 472 | 328 | 61 | 20 | 10 | 2 | 0 |
| Expenses | 962 | 977 | 1084 | 442 | 265 | 28 | 87 | 60 | 18 | 14 |
| Operating Profit | 246 | 332 | 261 | 30 | 63 | 32 | -67 | -50 | -16 | -14 |
| OPM % | 20 | 25 | 19 | 6 | 19 | 53 | -331 | -483 | -898 | -10969 |
| Other Income | -1201 | -3430 | -1342 | 13 | 319 | 1764 | 75 | 807 | -1 | 209 |
| Interest | 387 | 396 | 433 | 489 | 356 | 132 | 81 | 101 | 94 | 103 |
| Depreciation | 304 | 282 | 172 | 174 | 106 | 41 | 32 | 1 | 1 | 1 |
| Profit before tax | -1646 | -3776 | -1686 | -620 | -81 | 1624 | -105 | 657 | -112 | 91 |
| Tax % | 0 | 0 | 0 | 0 | 0 | -2 | -1 | 0 | 0 | — |
| Net Profit | -1685 | -3771 | -1687 | -621 | -78 | 1650 | -104 | 660 | -112 | 91 |
| EPS in Rs | -80.44 | -182.4 | -81.24 | -29.97 | -3.79 | 79.73 | -5.71 | 31.89 | -5.41 | 4.39 |
| Dividend Payout % | 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 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
| Reserves | 2428 | 1163 | -2117 | -4428 | -5020 | -5121 | -2949 | -3014 | -2587 | -2280 |
| Borrowings | 5613 | 4628 | 4771 | 4641 | 4599 | 3912 | 2704 | 2642 | 1631 | 1615 |
| Other Liabilities | 1248 | 1647 | 1701 | 1925 | 2298 | 2171 | 1085 | 1076 | 1048 | 775 |
| Total Liabilities | 9496 | 7645 | 4563 | 2345 | 2084 | 1170 | 1047 | 911 | 300 | 317 |
| Fixed Assets | 5835 | 5253 | 3149 | 1003 | 884 | 112 | 58 | 26 | 27 | 44 |
| CWIP | 137 | 78 | 11 | 11 | 16 | 0 | 0 | 0 | 180 | 228 |
| Investments | 37 | 0 | 42 | 0 | 6 | 40 | 38 | 0 | 0 | 0 |
| Other Assets | 3487 | 2314 | 1361 | 1332 | 1178 | 1018 | 951 | 885 | 92 | 45 |
| Total Assets | 9496 | 7645 | 4563 | 2345 | 2084 | 1170 | 1047 | 911 | 300 | 317 |

### 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 | 274 | 487 | 157 | 210 | 97 | 140 | 514 | -46 | 531 | -130 |
| Cash from Investing Activity | 13 | 719 | 64 | 75 | -22 | 478 | 463 | 111 | -335 | 27 |
| Cash from Financing Activity | -285 | -1188 | -236 | -263 | -86 | -627 | -969 | -71 | -211 | -212 |
| Net Cash Flow | 2 | 18 | -15 | 22 | -12 | -9 | 7 | -6 | -15 | -315 |
| Free Cash Flow | 306 | 677 | 196 | 177 | 41 | 551 | 560 | -47 | 351 | -177 |
| CFO/OP | 75 | 201 | 53 | 88 | 129 | 200 | 1465 | 71 | -1081 | 820 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Cash Conversion Cycle | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Working Capital Days | -458 | -631 | -835 | -831 | -2899 | -3503 | -14147 | -37890 | -42427 | -168511 |
| ROCE % | 1 | 0 | 2 | 13 | -30 | — | — | -208 | — | — |

## 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 | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% |
| FIIs | 0% | 0.01% | 0.04% | 0.01% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0.05% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 18.62% | 19.23% | 20.12% | 20.35% | 21.33% | 21.3% | 21.31% | 21.26% | 21.19% | 21.21% | 21.23% | 22.47% |
| Others | 7.61% | 6.99% | 6.06% | 5.87% | 4.9% | 4.92% | 4.91% | 4.96% | 5.03% | 5.01% | 4.99% | 3.7% |
| No. of Shareholders | 102708 | 108331 | 112595 | 123972 | 135076 | 133207 | 132524 | 131305 | 130956 | 129753 | 128307 | 128023 |

## 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) | 16.5 | Sell |
| EMA (10) | 16.45 | Sell |
| SMA (20) | 16.49 | Sell |
| EMA (20) | 16.95 | Sell |
| SMA (50) | 18.91 | Sell |
| EMA (50) | 18.69 | Sell |
| SMA (100) | 21.66 | Sell |
| EMA (100) | 20.77 | Sell |
| SMA (200) | 24.01 | Sell |
| EMA (200) | 23.06 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.63 | Neutral |
| MACD (12,26,9) | -0.77 | Buy |
| Stochastic (14,3,3) | 12.21 | Buy |
| ADX (14) | 18.3 | Neutral |
| Williams %R (14) | -80.48 | Buy |
| ATR (14) | 0.83 | High Volatility |
| ROC (12) | -3.55 | Sell |
| Stoch RSI (14) | 59.7 | Neutral |
| UO (7,14,28) | 30.25 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29612055-a203-4723-9734-144012ac50c5.pdf) |
| 2026-09-08 | [Notice For The 16Th Annual Genreal Meeting Of The Company To Be Held On Wednesday 30Th September 2026 At 4:00 P.M.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c8a4866-b198-416d-be21-333c2f1903db.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65db2ee8-d1ec-4713-bd48-d157b70f3596.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4798bf04-a07a-4177-b981-31640c6a5cf7.pdf) |
| 2026-09-01 | [Intimation Regarding Book Closure For Annual General Meeting For FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b4a32dc-b7f9-4dfc-9b6b-76ba3a40ef51.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d33a1bb-8a30-4a0d-9853-482374925ec9.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffcd0d6e-b55a-4030-8891-65d98b352460.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55d2bd0d-924e-496a-9b24-a8c53bc23cd8.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a772fc8-8eaa-4c15-8910-23ddba93df4d.pdf) |
| 2026-08-31 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday August 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccc4f884-d9a4-4954-8a0d-8c40085b059f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-22 | [Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=beceab9d-a270-4567-a1f7-00261254501a.pdf) |
| 2026-05-30 | [Audited Financial Results (Standalone & Consolidated) For The Quarter And Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e9ae2ff-426a-49b3-857e-ae16319eeffd.pdf) |
| 2026-02-13 | [Outcome Of Board Meeting Of Essar Shipping Limited (The Company) And Intimation Under Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7dfb2c2-f80a-4229-959e-6acbbbbaec32.pdf) |
| 2025-11-14 | [Revised Un-Audited Financial Results For Quarter And Half Year Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b46b6f25-66ba-450c-a076-63a0ea446401.pdf) |
| 2025-11-13 | [Outcome Of Board Meeting Of Essar Shipping Limited (The Company) And Intimation Under Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0ca2cc2-4588-4429-9beb-d563d823ab94.pdf) |
| 2025-08-13 | [Un-Audited Consolidated And Standalone Financial Results Of The Company For The Quarter Ended June 30 2025 Alongwith The Limited Review Report (Results)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de3884cf-fcf9-447f-9019-6d66d86bd273.pdf) |
| 2025-05-29 | [Financial Results For Quarter And The Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12561a12-ffa2-4848-834b-476752ba0fcb.pdf) |
| 2025-02-04 | [Financial Results For The Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b141fdab-6ab6-4135-bba1-fb2f78f81e22.pdf) |
| 2024-11-14 | [Unaudited Financial Results Of The Company For The Quarter Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15cd107b-6899-4835-b642-be83484c98f4.pdf) |
| 2024-11-13 | [Board Meeting Outcome for Outcome Of Board Meeting And Intimation Under Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=481953f5-f87f-44da-b360-f3c6103ff6a0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfca960e-508b-4d95-b6d7-0b82acdd590e.pdf) |
| 27 Feb - Partially redeemed 14,442,000 NCDs (Rs1,444.2m) on Feb 26, 2026; Rs1.552bn paid. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 27 Feb - Partially redeemed 14,442,000 NCDs (Rs1,444.2m) on Feb 26, 2026; Rs1.552bn paid.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/237fbe94-564d-4199-a420-11f2fb29b750.pdf) |
| 25 Feb - Sale of entire stake in DrillXplore Services on Feb 25, 2026 for Rs.46,000. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The SEBI Listing Regulations) - Sale/Transfer Of Entire Stake In M/S. Drillxplore Services Private Limited 25 Feb - Sale of entire stake in DrillXplore Services on Feb 25, 2026 for Rs.46,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58cb2e14-ff33-4a12-bbb8-7d329e8a0c34.pdf) |
| 16 Feb - Newspaper publication of Unaudited Financial Results ( Standalone and Consolidated), for the Quarter ended 31st December, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Newspaper publication of Unaudited Financial Results ( Standalone and Consolidated), for the Quarter ended 31st December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72c5fdf4-c122-4107-a03d-f6daad22f8ef.pdf) |
| 13 Feb - Q3 FY26 unaudited results; going concern doubts; paid ₹67 crore OTS; sale of DrillXplore stake; netting ₹331.26 crore pending approval. | [Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Of Essar Shipping Limited (The Company) And Intimation Under Regulation 30 And 33 Of The SEBI (LODR) Regulations, 2015 13 Feb - Q3 FY26 unaudited results; going concern doubts; paid ₹67 crore OTS; sale of DrillXplore stake; netting ₹331.26 crore pending approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f73380c-d5ef-4852-91a8-efa1863b33d8.pdf) |
| 13 Feb - Board approved Q3 results (Dec 31, 2025); auditor flagged going-concern; accumulated losses ₹6,164.19 crore; paid ₹67 crore OTS. | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 13 Feb - Board approved Q3 results (Dec 31, 2025); auditor flagged going-concern; accumulated losses ₹6,164.19 crore; paid ₹67 crore OTS.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b2dadd1c-e4da-49f5-ac71-30fe1182dc8f.pdf) |
| — | [Closure of Trading Window 26 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d643d2ab-f299-49d2-8b13-1bad78ee2e08.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2da55cad-15bb-426b-8f3c-b66142103e19.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/036f1843-447f-485d-b281-7db62f48b5f9.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e539b729-f70a-4a4d-aad0-49564f8660fe.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/77333533704.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/72130533704_06_10_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/66825533704.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/5337040319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/5337040318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/5337040317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533704/5337040316.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 2026-09-13T19:20:06.220Z.