---
title: "HP Adhesives Ltd (HPAL) — Share Price, Financials & Analysis"
symbol: "HPAL"
company: "HP Adhesives Ltd"
canonical: "https://tapetide.com/stocks/HPAL"
isin: "INE0GSL01024"
nse_symbol: "HPAL"
bse_code: "543433"
sector: "Chemicals"
industry: "Specialty Chemicals"
market_cap_cr: 355.28
generated_at: "2026-09-13T18:25:36.060Z"
---

# HP Adhesives Ltd (HPAL)

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

## Company

- **NSE Symbol:** HPAL
- **BSE Code:** 543433
- **ISIN:** INE0GSL01024
- **Sector:** Chemicals
- **Industry:** Specialty Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2021-12-27
- **CEO:** Ms. Anjana Haresh Motwani
- **Employees:** 659
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** hpadhesives.com

## About

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives 
and sealants along with other ancillary 
 products[1]

## Latest Price

- **Price:** ₹37.91
- **Change:** +1.3 (+3.55%)
- **Open:** ₹37.5
- **Day High:** ₹39.82
- **Day Low:** ₹37
- **Previous Close:** ₹36.61
- **Volume:** 620683
- **As Of:** 2026-09-11T10:20:07+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:16.956504Z.

- **Market Cap:** ₹355.28 Cr
- **Classification:** Microcap
- **P/E (reported):** 182.9
- **P/E (TTM):** 189.55
- **EPS (TTM):** ₹0.2
- **EPS (reported):** ₹2.22
- **Book Value:** ₹20.43
- **Price to Book:** 1.79
- **Dividend Yield:** 1.09%
- **ROE:** 3.72%
- **ROCE:** 5.31%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹252.9 Cr
- **Net Income:** ₹7 Cr
- **EBITDA:** ₹16.7 Cr
- **52-Week High:** ₹53
- **52-Week Low:** ₹26.52
- **RSI (14):** 59.87

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 63.48 | 9% |
| growth | 31.74 | 9% |
| momentum | 59.56 | 12% |
| ownership | 49.64 | 24% |
| quality | 64.88 | 22% |
| valuation | 29.17 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.1%

### Weaknesses

- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 8.70% over last 3 years.
- Earnings include an other income of Rs.2.60 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -58.67% | -67.28% | — |
| ebitda margin growth | 123.33% | -45.14% | -53.65% | — |
| net income growth | 62.5% | -61.54% | -14% | -6% |
| revenue growth | 10.26% | -0.59% | 2% | 16% |
| roce | -87.97% | -61.69% | -69.69% | — |
| roe | -61.6% | -62.42% | 8.6% | — |

## 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 | 62.6 | 54.75 | 59.31 | 60.52 | 58.87 | 65.72 | 65.44 | 66.13 | 65.13 | 61.39 | 57.7 | 63.34 |
| Expenses | 55.26 | 46.97 | 50.5 | 52.95 | 52.39 | 59.77 | 59.92 | 59.52 | 58.73 | 57.58 | 61.42 | 63.54 |
| Operating Profit | 7.34 | 7.78 | 8.81 | 7.57 | 6.48 | 5.95 | 5.52 | 6.61 | 6.4 | 3.81 | -3.72 | -0.2 |
| OPM % | 11.73 | 14.21 | 14.85 | 12.51 | 11.01 | 9.05 | 8.44 | 10 | 9.83 | 6.21 | -6.45 | -0.32 |
| Other Income | 1.04 | 0.62 | 0.88 | 1.48 | 0.17 | 1.29 | 1.58 | 1.05 | 0.47 | 0.44 | 0.67 | 1.02 |
| Interest | 0.21 | 0.18 | 0.56 | 0.47 | 0.51 | 0.58 | 0.59 | 0.64 | 0.63 | 0.64 | 0.75 | 0.81 |
| Depreciation | 1.08 | 1.11 | 1.08 | 1.13 | 1.15 | 1.17 | 1.25 | 1.41 | 1.45 | 1.5 | 1.45 | 1.27 |
| Profit before tax | 7.09 | 7.11 | 8.05 | 7.45 | 4.99 | 5.49 | 5.26 | 5.61 | 4.79 | 2.11 | -5.25 | -1.26 |
| Tax % | 26.09 | 26.72 | 30.43 | 24.3 | 17.23 | 27.87 | 21.86 | 24.78 | 25.89 | 28.91 | -54.48 | -33.33 |
| Net Profit | 5.24 | 5.21 | 5.61 | 5.63 | 4.12 | 3.96 | 4.12 | 4.22 | 3.55 | 1.5 | -2.39 | -0.84 |
| EPS in Rs | 0.57 | 0.57 | 0.61 | 0.61 | 0.45 | 0.43 | 0.45 | 0.46 | 0.39 | 0.16 | -0.26 | -0.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 85 | 118 | 165 | 233 | 236 | 248 | 249 | 248 |
| Expenses | 80 | 106 | 153 | 214 | 205 | 223 | 236 | 241 |
| Operating Profit | 4 | 12 | 11 | 19 | 31 | 26 | 13 | 6 |
| OPM % | 5 | 10 | 7 | 8 | 13 | 10 | 5 | 2.5 |
| Other Income | -5 | 6 | 3 | 2 | 4 | 4 | 3 | 3 |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 6 |
| Profit before tax | -5 | 13 | 8 | 15 | 28 | 23 | 7 | 0 |
| Tax % | -13 | 24 | 26 | 28 | 27 | 23 | 5 | — |
| Net Profit | -5 | 10 | 6 | 11 | 21 | 18 | 7 | 2 |
| EPS in Rs | -0.73 | 1.55 | 0.65 | 1.18 | 2.24 | 1.94 | 0.75 | 0.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 13 | 21 | 53 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13 | 13 | 18 | 18 | 18 | 18 | 18 |
| Reserves | -11 | 0 | 119 | 130 | 151 | 166 | 169 |
| Borrowings | 36 | 43 | 19 | 9 | 3 | 8 | 4 |
| Other Liabilities | 19 | 35 | 40 | 28 | 26 | 36 | 40 |
| Total Liabilities | 57 | 90 | 195 | 185 | 198 | 228 | 232 |
| Fixed Assets | 11 | 19 | 26 | 39 | 52 | 73 | 72 |
| CWIP | 1 | 7 | 18 | 17 | 16 | 4 | 5 |
| Investments | 0 | 0 | 0 | 0 | 18 | 25 | 22 |
| Other Assets | 45 | 64 | 152 | 129 | 111 | 126 | 132 |
| Total Assets | 57 | 90 | 195 | 185 | 198 | 228 | 232 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 11 | -10 | -5 | 22 | 17 | 7 |
| Cash from Investing Activity | -5 | -16 | -67 | 8 | -15 | -16 | -2 |
| Cash from Financing Activity | 4 | 5 | 86 | -12 | -6 | 2 | -8 |
| Net Cash Flow | -1 | 0 | 9 | -10 | 0 | 2 | -2 |
| Free Cash Flow | -4 | -5 | -26 | -21 | 5 | 3 | -6 |
| CFO/OP | 19 | 114 | -71 | -9 | 94 | 93 | 82 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 86 | 71 | 71 | 58 | 56 | 61 | 55 |
| Inventory Days | 125 | 146 | 124 | 97 | 118 | 132 | 119 |
| Days Payable | 103 | 116 | 95 | 44 | 40 | 54 | 66 |
| Cash Conversion Cycle | 107 | 100 | 100 | 112 | 134 | 140 | 108 |
| Working Capital Days | -48 | -19 | 84 | 102 | 106 | 98 | 118 |
| ROCE % | — | 34 | 11 | 12 | 18 | 14 | 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 | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% |
| FIIs | 2.81% | 0.71% | 0.25% | 0.08% | 0.1% | 0.03% | 0.16% | 0.04% | 0.02% | 0.01% | 0.02% | 0.01% |
| DIIs | 3.72% | 3.72% | 3.72% | 3.72% | 3.28% | 2.86% | 2.82% | 1.34% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 18.92% | 20.9% | 21.3% | 21.49% | 22.2% | 22.85% | 22.67% | 24.07% | 25.15% | 25% | 24.92% | 25.05% |
| Others | 3.2% | 3.32% | 3.38% | 3.37% | 3.07% | 2.91% | 3% | 3.21% | 3.48% | 3.64% | 3.71% | 3.59% |
| No. of Shareholders | 26757 | 43680 | 49909 | 52081 | 56369 | 56881 | 57835 | 57430 | 57134 | 55426 | 53662 | 52585 |

## 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) | 35.72 | Buy |
| EMA (10) | 36 | Buy |
| SMA (20) | 35.27 | Buy |
| EMA (20) | 35.57 | Buy |
| SMA (50) | 34.78 | Buy |
| EMA (50) | 35.3 | Buy |
| SMA (100) | 35.9 | Buy |
| EMA (100) | 35.8 | Buy |
| SMA (200) | 37.17 | Buy |
| EMA (200) | 38.07 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 66.17 | Neutral |
| MACD (12,26,9) | 0.44 | Buy |
| Stochastic (14,3,3) | 74.98 | Neutral |
| ADX (14) | 16.61 | Neutral |
| Williams %R (14) | -31.83 | Neutral |
| ATR (14) | 1.82 | High Volatility |
| ROC (12) | 9.19 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 56.63 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df3c9857-4af3-4385-aeaf-b2fabf353d88.pdf) |
| 2026-08-31 | [Intimation Of Shareholders Meeting (7Th AGM) And Record Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1ffb244-3663-4944-9341-6851c2fe9bd4.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=baf4cb95-df96-4567-888e-7a3db641de88.pdf) |
| 2026-08-31 | [Intimation Of Record Date (AGM).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5b823f4-acbb-4bfd-bbf2-9b22cb5eed66.pdf) |
| 2026-08-31 | [Disclosure under Regulation 30A of LODR](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92732451-5614-4c76-bf43-8c0fe89624bb.pdf) |
| 2026-08-31 | [7Th AGM Notice](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c389b12-7c7b-439c-8a90-0026c6052fc8.pdf) |
| 2026-08-31 | [Disclosure under Regulation 30A of LODR](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f52ed29-471e-4b13-aebb-5561aa60a1e4.pdf) |
| 2026-08-31 | [Dispatch Of Letter To Shareholders Whose E-Mail Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository Participants.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=437f90a1-864e-40f9-8a55-82ab77465358.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbdc70bd-3958-4509-8e64-f57ce8cdd290.pdf) |
| 2026-08-28 | [Communication To Shareholders - Intimation Of Tax Deduction On Dividend For The FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=503c7df2-5568-41d4-8b06-39d48b746d9d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b9bae46-2695-412b-b693-2e0913af127b.pdf) |
| 2026-02-13 | [Auditor Report With UDIN In Respect Of Financial Results Of The Quarter & Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=368ad788-9fd6-4219-8306-38155f075e4a.pdf) |
| 2026-02-13 | [Auditor Report With UDIN In Respect Of Financial Results Of The Quarter & Nine Month Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00f531bb-4a67-4d5a-9b85-de83355eb3fb.pdf) |
| 2026-02-12 | [Unaudited Financial Results For Q3FY26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5249c6e7-ceee-4330-9732-8bff2dadcefc.pdf) |
| 2025-11-12 | [Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1dc736d6-554b-42d1-9455-4e87405ad16e.pdf) |
| 2025-08-08 | [Financial Results For Quarter Ended 30/06/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34475c3c-f723-4233-9938-95731657bbf4.pdf) |
| 2025-05-13 | [Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b23b9387-b056-43f9-8420-4c23b118ebf3.pdf) |
| 2025-02-12 | [Results For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06586d23-4520-4f8d-b7b9-80c6476a8760.pdf) |
| 2024-11-13 | [Outcome Of The Board Meeting Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de8878f3-5321-4ea0-b8e2-716c1b3cbb7f.pdf) |
| 2024-08-12 | [Financial Results For June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb7a14a9-838e-40db-8552-8cd9cd446582.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 May - Board meeting on 12 May 2026 to approve FY26 results and consider final dividend. | [Board Meeting Intimation for Meeting Scheduled To Be Held On Tuesday, 12Th May, 2026. 6 May - Board meeting on 12 May 2026 to approve FY26 results and consider final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b8bd8ee0-3c1a-499a-883c-84fe5b32fa55.pdf) |
| 30 Apr - Promoters hold 71.35% as of March 31, 2026; no encumbrance reported. | [Annual Disclosure Under Regulation 31 (4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011, (''SAST Regulations 2011''). 30 Apr - Promoters hold 71.35% as of March 31, 2026; no encumbrance reported.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ccac20c-1c38-482e-8a43-b1bf8d9e423c.pdf) |
| 30 Apr - Promoters hold 71.35% as of March 31, 2026; no encumbrance reported. | [Annual Disclosure Under Regulation 31 (4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011, (''SAST Regulations 2011''). 30 Apr - Promoters hold 71.35% as of March 31, 2026; no encumbrance reported.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3ccac20c-1c38-482e-8a43-b1bf8d9e423c.pdf) |
| 28 Feb - Newspaper Publication relating to dispatch of Postal ballot notice and information on Remote e-voting. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb - Newspaper Publication relating to dispatch of Postal ballot notice and information on Remote e-voting.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e089177d-5c1d-400b-a6b5-e9808765490d.pdf) |
| 15 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d179b056-2c41-4699-ad71-21f7e1507fa5.pdf) |
| 14 Feb - Publication of Un-audited financial results for the quarter and nine months ended 31st December 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Publication of Un-audited financial results for the quarter and nine months ended 31st December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/716bab5c-6fd7-4b97-b852-d7ec96b8bca6.pdf) |
| 13 Feb - ICICI Bank monitoring report dated 13 Feb 2026 for quarter ended 31 Dec 2025 on IPO proceeds utilization. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 Feb - ICICI Bank monitoring report dated 13 Feb 2026 for quarter ended 31 Dec 2025 on IPO proceeds utilization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa4f1d0f-51c0-4511-ab47-2864d80dc254.pdf) |
| 1 Apr - Shareholders approved appointment of Dr. Chandra Sekhar Nettem as independent director for five-year term; postal ballot concluded March 31, 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1 Apr - Shareholders approved appointment of Dr. Chandra Sekhar Nettem as independent director for five-year term; postal ballot concluded March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0162d39-ed33-4096-a5f7-7edacac22727.pdf) |
| 1 Apr - Dr Chandra Sekhar Nettem appointed independent director (DIN 10646814) for five years; 99.9976% votes in favour. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 1 Apr - Dr Chandra Sekhar Nettem appointed independent director (DIN 10646814) for five years; 99.9976% votes in favour.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50af2499-982a-433b-8e6a-2fcbf356fd5f.pdf) |
| — | [Corporate Action-Board to consider Dividend 6 May](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4856a499-df78-4b4e-9dcd-1728dc3aa09a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21062_HPAL_2021_2022_02092022124750_09022022130004.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a806d9d2-a371-4984-8368-e3edcbef4c46.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1168fa76-f119-4142-b079-9f4f9ff8433c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91a71627-f29f-454d-9565-a739b601f17a.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543433/75320543433.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2023-09-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82d09f29-408c-4a6a-8b67-936dca4cfbfb.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82d09f29-408c-4a6a-8b67-936dca4cfbfb.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 2026-09-13T18:25:36.060Z.