---
title: "Gujarat Raffia Industries Ltd (GUJRAFFIA) — Share Price, Financials & Analysis"
symbol: "GUJRAFFIA"
company: "Gujarat Raffia Industries Ltd"
canonical: "https://tapetide.com/stocks/GUJRAFFIA"
isin: "INE610B01024"
nse_symbol: "GUJRAFFIA"
bse_code: "523836"
sector: "Industrial Products"
industry: "Packaging"
market_cap_cr: 22.64
generated_at: "2026-09-13T18:47:56.050Z"
---

# Gujarat Raffia Industries Ltd (GUJRAFFIA)

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

## Company

- **NSE Symbol:** GUJRAFFIA
- **BSE Code:** 523836
- **ISIN:** INE610B01024
- **Sector:** Industrial Products
- **Industry:** Packaging
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1996-10-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** griltarp.com

## About

Incorporated in 1984, Gujarat Raffia Industries Ltd manufactures PE Tarpaulin, PP Bags & allied products[1]

## Latest Price

- **Price:** ₹41.72
- **Change:** +0.55 (+1.34%)
- **Open:** ₹40.51
- **Day High:** ₹41.9
- **Day Low:** ₹40.5
- **Previous Close:** ₹41.17
- **Volume:** 5856
- **As Of:** 2026-09-11T09:40:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:41.546215Z.

- **Market Cap:** ₹22.64 Cr
- **Classification:** Microcap
- **P/E (reported):** 18.5
- **P/E (TTM):** 19.14
- **EPS (TTM):** ₹2.18
- **Book Value:** ₹41.12
- **Price to Book:** 0.98
- **Dividend Yield:** 0%
- **ROE:** 2.47%
- **ROCE:** 4.06%
- **Debt to Equity:** 0.08
- **Revenue (yearly):** ₹88.56 Cr
- **Net Income:** ₹1.05 Cr
- **EBITDA:** ₹3.03 Cr
- **52-Week High:** ₹88
- **52-Week Low:** ₹35.1
- **RSI (14):** 51.95

## Tapetide Score

- **Score:** 63 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 94.2 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 72.09 | 9% |
| growth | 98.9 | 9% |
| momentum | 63.17 | 12% |
| ownership | 50 | 24% |
| quality | 64.02 | 22% |
| valuation | 61.41 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 67.6 days to 42.6 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.6%
- Company has a low return on equity of 3.35% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 53.39% | 4.34% | — |
| ebitda margin growth | 22.22% | -55.38% | -56.24% | -49.48% |
| net income growth | 25% | 110% | 9% | 0% |
| revenue growth | -64.94% | 189.41% | 31% | 18% |
| roce | — | -19.28% | -60.35% | 7.06% |
| roe | — | -5.36% | 3.4% | -62.69% |

## 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 | 7.63 | 7.15 | 7.11 | 10.52 | 5.47 | 6.1 | 7.96 | 11.52 | 26.11 | 23.9 | 26.99 | 9.39 |
| Expenses | 7.98 | 6.91 | 6.54 | 9.9 | 4.96 | 5.56 | 7.83 | 10.36 | 25.4 | 23.57 | 26.21 | 8.46 |
| Operating Profit | -0.35 | 0.24 | 0.57 | 0.62 | 0.51 | 0.54 | 0.13 | 1.16 | 0.71 | 0.33 | 0.78 | 0.93 |
| OPM % | -4.59 | 3.36 | 8.02 | 5.89 | 9.32 | 8.85 | 1.63 | 10.07 | 2.72 | 1.38 | 2.89 | 9.9 |
| Other Income | 0.85 | 0.39 | 0.04 | 0.12 | 0.01 | 0.01 | 0.4 | 0.06 | 0.02 | 0.29 | 0.12 | 0.14 |
| Interest | 0.1 | 0.09 | 0.08 | 0.08 | 0.35 | 0.11 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.03 |
| Depreciation | 0.33 | 0.33 | 0.33 | 0.33 | 0.08 | 0.35 | 0.35 | 0.71 | 0.41 | 0.41 | 0.41 | 0.41 |
| Profit before tax | 0.07 | 0.21 | 0.2 | 0.33 | 0.09 | 0.09 | 0.12 | 0.45 | 0.26 | 0.15 | 0.42 | 0.63 |
| Tax % | 14.29 | 14.29 | 25 | 15.15 | 11.11 | 11.11 | 16.67 | 24.44 | 26.92 | 26.67 | 0 | 25.4 |
| Net Profit | 0.06 | 0.18 | 0.15 | 0.28 | 0.07 | 0.08 | 0.1 | 0.34 | 0.19 | 0.11 | 0.41 | 0.47 |
| EPS in Rs | 0.11 | 0.33 | 0.28 | 0.52 | 0.13 | 0.15 | 0.19 | 0.63 | 0.35 | 0.2 | 0.76 | 0.87 |

### 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 | 38.62 | 47.56 | 33.76 | 38.79 | 37.98 | 39.24 | 30.91 | 30.04 | 88.56 | 86.39 |
| Expenses | 35.44 | 45.05 | 32.21 | 36.22 | 35.94 | 37.76 | 29.33 | 28.24 | 85.53 | 83.64 |
| Operating Profit | 3.18 | 2.51 | 1.55 | 2.57 | 2.04 | 1.48 | 1.58 | 1.8 | 3.03 | 2.75 |
| OPM % | 8.23 | 5.28 | 4.59 | 6.63 | 5.37 | 3.77 | 5.11 | 5.99 | 3.42 | 3.18 |
| Other Income | 0.01 | 0.43 | 0.51 | 0.31 | 0.56 | 2.14 | 0.89 | 0.53 | 0.44 | 0.57 |
| Interest | 0.91 | 0.72 | 0.3 | 0.19 | 0.32 | 1.06 | 0.48 | 0.33 | 0.25 | 0.22 |
| Depreciation | 1.21 | 1.07 | 1.21 | 1.44 | 0.97 | 1.28 | 1.32 | 1.38 | 1.95 | 1.64 |
| Profit before tax | 1.07 | 1.15 | 0.55 | 1.25 | 1.31 | 1.28 | 0.67 | 0.62 | 1.27 | 1.46 |
| Tax % | 20.56 | 20 | 41.82 | 4.8 | 14.5 | 19.53 | 19.4 | 16.13 | 17.32 | — |
| Net Profit | 0.85 | 0.92 | 0.33 | 1.19 | 1.12 | 1.03 | 0.54 | 0.52 | 1.05 | 1.18 |
| EPS in Rs | 1.7 | 1.7 | 0.61 | 2.2 | 2.07 | 1.91 | 1 | 0.96 | 1.94 | 2.18 |
| 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 | 4.99 | 4.99 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| Reserves | 8.25 | 9.1 | 11.05 | 11.38 | 12.57 | 13.69 | 14.71 | 15.25 | 15.77 | 16.82 |
| Borrowings | 10.85 | 10.23 | 11.61 | 1.2 | 3.22 | 8.22 | 12.54 | 3.52 | 2.5 | 1.87 |
| Other Liabilities | 9.23 | 8.1 | 9.02 | 7.67 | 3.27 | 5.49 | 3.07 | 1.87 | 1.7 | 3.63 |
| Total Liabilities | 33.32 | 32.42 | 37.08 | 25.65 | 24.46 | 32.8 | 35.72 | 26.04 | 25.37 | 27.72 |
| Fixed Assets | 11.31 | 10.19 | 9.57 | 9.03 | 7.64 | 9.15 | 12.13 | 10.75 | 11.09 | 9.21 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5.6 | 7.78 |
| Other Assets | 22.01 | 22.23 | 27.51 | 16.62 | 16.82 | 23.65 | 23.59 | 13.29 | 8.68 | 10.73 |
| Total Assets | 33.32 | 32.42 | 37.08 | 25.65 | 24.46 | 32.8 | 35.72 | 26.04 | 25.37 | 27.72 |

### 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 | 8.37 | 3.47 | -0.56 | 9.07 | -0.76 | -5.88 | 7.38 | 5.02 | 7.7 | 4.9 |
| Cash from Investing Activity | 0.08 | -0.08 | -0.4 | -0.61 | 0.17 | -2.4 | -4.23 | -1.91 | -5.32 | -2.04 |
| Cash from Financing Activity | -8.77 | -1.03 | 3.62 | -10.35 | 1.7 | 4.62 | 3.29 | -9.48 | -1.31 | -1.02 |
| Net Cash Flow | -0.32 | 2.36 | 2.66 | -1.89 | 1.11 | -3.66 | 6.44 | -6.37 | 1.07 | 1.83 |
| Free Cash Flow | 8.41 | 3.39 | -1.01 | 8.41 | -0.81 | -8.37 | 3.13 | 5.07 | 5.97 | 4.83 |
| CFO/OP | 214 | 109 | -22 | 585 | -30 | -288 | 499 | 318 | 428 | 162 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 105.9 | 92.43 | 82.58 | 58.38 | 59.94 | 101.1 | 40.93 | 41.92 | 26.37 | 5.98 |
| Inventory Days | 134.33 | 106.92 | 97.65 | 92.87 | 58.42 | 120.98 | 111.68 | 105.75 | 52.63 | 18.19 |
| Days Payable | 26.73 | 21.51 | 46.77 | 37.99 | 11.68 | 39.96 | 16.06 | 5.03 | 2.24 | 2.06 |
| Cash Conversion Cycle | 213.51 | 177.84 | 133.46 | 113.26 | 106.68 | 182.12 | 136.54 | 142.64 | 76.76 | 22.11 |
| Working Capital Days | 36.2 | 17.39 | 15.58 | 55.25 | 60.79 | 91.2 | 30.51 | 106.51 | 53.83 | 42.58 |
| ROCE % | 8.68 | 8.18 | 7.14 | 3.69 | 6.48 | 6.47 | 6.9 | 4.05 | 3.97 | 6.36 |

## 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 | 39.56% | 39.56% | 39.64% | 39.56% | 39.56% | 39.56% | 39.56% | 39.6% | 39.6% | 39.6% | 39.6% | 39.6% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.44% | 0.44% | 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 | 56.64% | 57.94% | 58.07% | 58.99% | 59.07% | 58.27% | 58.27% | 58.78% | 58.65% | 58.57% | 58.56% | 58.63% |
| Others | 3.8% | 2.5% | 2.29% | 1.45% | 1.37% | 1.73% | 1.73% | 1.62% | 1.74% | 1.83% | 1.83% | 1.77% |
| No. of Shareholders | 28296 | 28402 | 28403 | 29380 | 29549 | 29621 | 29621 | 29687 | 29655 | 29935 | 29728 | 31614 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 6 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 40.89 | Buy |
| EMA (10) | 41.14 | Buy |
| SMA (20) | 41 | Buy |
| EMA (20) | 40.98 | Buy |
| SMA (50) | 40.36 | Buy |
| EMA (50) | 40.73 | Buy |
| SMA (100) | 40.67 | Buy |
| EMA (100) | 40.91 | Buy |
| SMA (200) | 42.76 | Sell |
| EMA (200) | 41.57 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.81 | Neutral |
| MACD (12,26,9) | 0.2 | Buy |
| Stochastic (14,3,3) | 59.75 | Neutral |
| ADX (14) | 5.42 | Neutral |
| Williams %R (14) | -23.93 | Neutral |
| ATR (14) | 1.88 | High Volatility |
| ROC (12) | 2.03 | Buy |
| Stoch RSI (14) | 82.85 | Sell |
| UO (7,14,28) | 60.78 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 07.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1000e36-3159-473d-8ade-02a254d9d8db.pdf) |
| 2026-09-07 | [NOTICE OF AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc978be7-38a3-456c-ae48-53f5ef73837d.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e15e1729-95b7-4736-b843-edaa2a7df26c.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8972277-e277-4807-96a7-10e29c2f3105.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7919f90-a367-46a4-8ed5-8887a7d2677f.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 13.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26b21ce5-58d2-4afb-bbbd-a998d5134873.pdf) |
| 2026-08-10 | [Board Meeting Intimation for Intimation Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0e73ea7-62a9-41db-a292-4b57cc97d0b9.pdf) |
| 2026-07-20 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff98841b-0612-468d-8b05-c2ace561c743.pdf) |
| 2026-06-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4fffc48-2d13-43b2-8e52-f586b5fa3e60.pdf) |
| 2026-05-21 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=051a8a23-7f25-413f-8ae4-57a12adc81ac.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Financial Result For Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ce3ec3b-63e6-470b-bb7f-dafb62aa8775.pdf) |
| 2026-05-21 | [Financial Result For Financial Year Ended And Quarter Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ab71094-e7f1-4434-bdef-793cdda81762.pdf) |
| 2026-02-13 | [Financial Result For Quarter Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc6792b0-1ea5-44c2-a87c-004af52956b8.pdf) |
| 2025-11-13 | [Outcome Of Board Meeting Held On 13.11.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fca0decd-b65e-492d-8273-bf3dd1b3ce80.pdf) |
| 2025-08-14 | [Unaudited Financial Result For The Quarter Ended As On June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6dc56ce-b57c-471f-887b-760e0d4741a0.pdf) |
| 2025-08-07 | [Audited Financial Result For The Quarter And Year Ended As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96616a2b-6cb5-4626-b1fb-51a09df75507.pdf) |
| 2025-02-14 | [Results-Financial Results For 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=081c872a-1e41-4246-bf44-81d41df76c33.pdf) |
| 2024-11-14 | [Financial Result For Quarter Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30145187-4ca3-41b0-b4b9-9fb8d0696cb9.pdf) |
| 2024-08-14 | [Financial Result For Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cddd4ce-f81f-47d2-9748-114357ca1ec1.pdf) |
| 2024-05-17 | [Financial Result For Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c20b4591-7a8d-430e-9f03-ee583badf5ae.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 13 Feb - Board approved unaudited Q3 results for quarter ended 31 Dec 2025: revenue Rs 2,389.79 lakh, net profit Rs 10.51 lakh. | [Board Meeting Outcome for Outcome Of Board Meeting 13 Feb - Board approved unaudited Q3 results for quarter ended 31 Dec 2025: revenue Rs 2,389.79 lakh, net profit Rs 10.51 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c73accbb-d042-41e0-8c79-0166ed11f438.pdf) |
| 13 Feb - Board approved Q3 (31 Dec 2025) unaudited results: revenue Rs2,389.79 lakh, PAT Rs10.51 lakh. | [Financial Result For Quarter Ended 31.03.2025 13 Feb - Board approved Q3 (31 Dec 2025) unaudited results: revenue Rs2,389.79 lakh, PAT Rs10.51 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc6792b0-1ea5-44c2-a87c-004af52956b8.pdf) |
| 10 Feb - Board meeting on 13 Feb 2026 to consider unaudited results for quarter ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for Intimation Of Board Meeting 10 Feb - Board meeting on 13 Feb 2026 to consider unaudited results for quarter ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1885f221-dc85-420f-ab37-0037846f8683.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5fef21c-d1ce-4755-9870-a826dd3abad1.pdf) |
| — | [Closure of Trading Window 5 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/162c4838-6f7b-412e-9f61-918f4bdeed9d.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3489ceb-5bbb-4d80-834a-6f68949f653c.pdf) |
| — | [Closure of Trading Window 1 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c43105d4-7be9-4d0c-91f1-512e7d0239d3.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6h](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c5fef21c-d1ce-4755-9870-a826dd3abad1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43bbd48d-13f2-4cde-8ddf-7c9702d386ca.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca177e4f-478d-4861-9831-eb4bf3f6c995.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3a892b0-02e8-42b6-876b-bc8d31ad44ea.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/76761523836.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/72174523836.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/66189523836.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/5238360319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/5238360318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/5238360317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/523836/5238360316.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 2026-09-13T18:47:56.050Z.