---
title: "Igarashi Motors India Ltd (IGARASHI) — Share Price, Financials & Analysis"
symbol: "IGARASHI"
company: "Igarashi Motors India Ltd"
canonical: "https://tapetide.com/stocks/IGARASHI"
isin: "INE188B01013"
nse_symbol: "IGARASHI"
bse_code: "517380"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 1269.23
generated_at: "2026-09-13T18:36:10.014Z"
---

# Igarashi Motors India Ltd (IGARASHI)

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

## Company

- **NSE Symbol:** IGARASHI
- **BSE Code:** 517380
- **ISIN:** INE188B01013
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2003-10-09
- **CEO:** Mr. Rajagopalan Chandrasekaran
- **Employees:** 760
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** igarashimotors.com

## About

Igarashi Motors India Ltd is engaged in the production and export of Permanent Magnet DC Motors for the Automotive Sector especially for the passenger vehicle sector[1]
It was incorporated as CG Igarashi Motors Limited in 1992 as a JV between Crompton Greaves Ltd(India), Igarashi Electric Works Ltd, Japan, and International Components Corporation, USA.
Over a period, IEWL consolidated its stake in the Company by acquiring a stake of exited JV Partners. [2]

## Latest Price

- **Price:** ₹414.3
- **Change:** +6 (+1.47%)
- **Open:** ₹408.55
- **Day High:** ₹418.45
- **Day Low:** ₹402.05
- **Previous Close:** ₹408.3
- **Volume:** 45453
- **As Of:** 2026-09-11T09:59:56+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:11.391833Z.

- **Market Cap:** ₹1269.23 Cr
- **Classification:** Microcap
- **P/E (reported):** 78.5
- **P/E (TTM):** 79.52
- **EPS (TTM):** ₹5.21
- **EPS (reported):** ₹5.18
- **Book Value:** ₹148.25
- **Price to Book:** 2.76
- **Dividend Yield:** 0.32%
- **ROE:** 2.6%
- **ROCE:** 5.41%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹867.7 Cr
- **Net Income:** ₹12.1 Cr
- **EBITDA:** ₹84.5 Cr
- **52-Week High:** ₹558
- **52-Week Low:** ₹271.05
- **RSI (14):** 35.36

## Tapetide Score

- **Score:** 55 / 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: Expensive · Momentum: Rising
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 44.71 | 9% |
| growth | 45.79 | 9% |
| momentum | 68.26 | 12% |
| ownership | 82.05 | 24% |
| quality | 49.94 | 22% |
| valuation | 34.02 | 24% |

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

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 33.0%
- Company's working capital requirements have reduced from 23.5 days to 12.2 days

### Weaknesses

- Stock is trading at 2.79 times its book value
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 3.36% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -0.02% | 86.33% | 28.9% |
| ebitda margin growth | 27.5% | -15.96% | -6.53% | 2.85% |
| net income growth | 325% | -50% | 32% | -14% |
| revenue growth | 11.07% | 3.2% | 10% | 10% |
| roce | — | -39.82% | 3.24% | 5.15% |
| roe | — | -49.9% | 3.31% | 862.96% |

## 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 | 178.44 | 173.75 | 204.6 | 222.07 | 216.07 | 210.8 | 189.47 | 204.71 | 219.14 | 216.09 | 225.97 | 250.87 |
| Expenses | 161.11 | 156.46 | 182.16 | 196.75 | 189.79 | 187.06 | 169.76 | 185.1 | 195.67 | 195.69 | 206.7 | 226.35 |
| Operating Profit | 17.33 | 17.29 | 22.44 | 25.32 | 26.28 | 23.74 | 19.71 | 19.61 | 23.47 | 20.4 | 19.27 | 24.52 |
| OPM % | 9.71 | 9.95 | 10.97 | 11.4 | 12.16 | 11.26 | 10.4 | 9.58 | 10.71 | 9.44 | 8.53 | 9.77 |
| Other Income | 0.46 | 0.73 | 0.34 | 1.37 | 0.33 | 0.37 | 0.31 | 0.8 | 0.14 | 0.08 | 0.75 | 0.97 |
| Interest | 3.38 | 3.51 | 2.78 | 3.38 | 3.55 | 3.83 | 2.63 | 3.17 | 3.26 | 2.09 | 2.48 | 2.63 |
| Depreciation | 12.41 | 12.41 | 12.13 | 12.39 | 12.64 | 13.12 | 13.39 | 13.87 | 14.18 | 14.17 | 14.78 | 15.7 |
| Profit before tax | 2 | 2.1 | 7.87 | 10.92 | 10.42 | 7.16 | 4 | 3.37 | 6.17 | 4.22 | 2.76 | 7.16 |
| Tax % | 27 | 25.71 | 34.69 | 25.27 | 25.34 | 28.07 | 23.5 | 25.22 | 26.58 | 17.06 | 42.03 | 5.45 |
| Net Profit | 1.46 | 1.56 | 5.14 | 8.16 | 7.79 | 5.16 | 3.06 | 2.51 | 4.54 | 3.5 | 1.59 | 6.77 |
| EPS in Rs | 0.46 | 0.5 | 1.63 | 2.59 | 2.47 | 1.64 | 0.97 | 0.8 | 1.44 | 1.11 | 0.51 | 2.15 |

### 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 | 671 | 606 | 534 | 533 | 556 | 656 | 725 | 838 | 866 | 912 |
| Expenses | 513 | 490 | 456 | 458 | 509 | 595 | 650 | 743 | 783 | 824 |
| Operating Profit | 158 | 117 | 78 | 74 | 47 | 61 | 75 | 96 | 83 | 88 |
| OPM % | 24 | 19 | 15 | 14 | 8 | 9 | 10 | 11 | 10 | 10 |
| Other Income | 34 | 25 | 12 | 10 | 7 | 8 | 2 | 2 | 2 | 2 |
| Interest | 13 | 16 | 15 | 7 | 7 | 13 | 13 | 14 | 12 | 10 |
| Depreciation | 38 | 40 | 43 | 45 | 44 | 47 | 49 | 52 | 57 | 59 |
| Profit before tax | 141 | 86 | 32 | 32 | 2 | 9 | 14 | 33 | 17 | 20 |
| Tax % | 32 | 33 | 8 | 21 | 48 | 42 | 31 | 26 | 26 | — |
| Net Profit | 95 | 57 | 30 | 26 | 1 | 5 | 10 | 24 | 12 | 16 |
| EPS in Rs | 27.69 | 18.24 | 9.5 | 8.14 | 0.38 | 1.66 | 3.04 | 7.68 | 3.86 | 5.21 |
| Dividend Payout % | 19 | 27 | 13 | 18 | 0 | 60 | 33 | 33 | 34 | — |

### 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 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 335 | 368 | 398 | 391 | 408 | 407 | 408 | 416 | 434 | 435 |
| Borrowings | 22 | 140 | 118 | 124 | 95 | 100 | 121 | 138 | 151 | 145 |
| Other Liabilities | 117 | 266 | 122 | 126 | 165 | 138 | 166 | 189 | 158 | 223 |
| Total Liabilities | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |
| Fixed Assets | 158 | 320 | 383 | 394 | 370 | 378 | 379 | 366 | 391 | 413 |
| CWIP | 3 | 44 | 23 | 11 | 10 | 11 | 13 | 35 | 43 | 53 |
| Investments | 174 | 50 | 34 | 28 | 1 | 21 | 17 | 16 | 17 | 1 |
| Other Assets | 169 | 391 | 231 | 240 | 320 | 267 | 318 | 357 | 323 | 367 |
| Total Assets | 504 | 805 | 670 | 673 | 700 | 677 | 726 | 774 | 775 | 834 |

### 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 | 82 | 94 | 164 | 90 | 41 | 73 | 34 | 50 | 94 | 94 |
| Cash from Investing Activity | -159 | -69 | -104 | -41 | 6 | -55 | -32 | -51 | -90 | -63 |
| Cash from Financing Activity | -29 | -27 | -59 | -49 | -38 | -24 | -4 | 0 | -5 | -30 |
| Net Cash Flow | -106 | -1 | 0 | 0 | 9 | -6 | -1 | -1 | -1 | 0 |
| Free Cash Flow | 48 | -14 | 84 | 56 | 27 | 37 | -2 | -3 | 4 | 14 |
| CFO/OP | 96 | 86 | 162 | 130 | 54 | 169 | 53 | 73 | 109 | 119 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 73 | 92 | 85 | 94 | 114 | 88 | 98 | 104 | 76 | 91 |
| Inventory Days | 54 | 62 | 67 | 89 | 115 | 81 | 91 | 86 | 75 | 75 |
| Days Payable | 110 | 92 | 87 | 113 | 139 | 92 | 95 | 103 | 74 | 106 |
| Cash Conversion Cycle | 17 | 61 | 66 | 69 | 91 | 77 | 94 | 87 | 76 | 61 |
| Working Capital Days | 26 | -40 | 23 | 20 | 53 | 43 | 41 | 40 | 19 | 12 |
| ROCE % | 32 | 33 | 19 | 9 | 7 | 2 | 4 | 5 | 8 | 5 |

## 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 | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0.14% | 0.86% | 0.89% | 0.82% | 0.9% | 1.3% | 1.15% | 0.95% | 0.12% | 0.1% | 0.13% | 0.5% |
| DIIs | 2.62% | 1.9% | 1.86% | 2.05% | 1.73% | 1.79% | 2.28% | 2.07% | 2.22% | 2.14% | 2.13% | 3.65% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 15.37% | 15.63% | 15.99% | 16.07% | 16.93% | 16.65% | 16.3% | 16.63% | 17.43% | 17.75% | 17.7% | 17.29% |
| Others | 6.87% | 6.61% | 6.26% | 6.07% | 5.43% | 5.26% | 5.27% | 5.35% | 5.24% | 5.01% | 5.04% | 3.57% |
| No. of Shareholders | 22836 | 24011 | 24109 | 23730 | 27505 | 26293 | 25238 | 25263 | 26598 | 27129 | 26971 | 27611 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 415.87 | Sell |
| EMA (10) | 417.02 | Sell |
| SMA (20) | 426.35 | Sell |
| EMA (20) | 425.18 | Sell |
| SMA (50) | 447.15 | Sell |
| EMA (50) | 432.73 | Sell |
| SMA (100) | 425.07 | Sell |
| EMA (100) | 425.62 | Sell |
| SMA (200) | 403.95 | Buy |
| EMA (200) | 427.5 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.12 | Neutral |
| MACD (12,26,9) | -10.06 | Sell |
| Stochastic (14,3,3) | 16.46 | Buy |
| ADX (14) | 16.08 | Neutral |
| Williams %R (14) | -64.9 | Neutral |
| ATR (14) | 13.99 | High Volatility |
| ROC (12) | -2.86 | Sell |
| Stoch RSI (14) | 74.37 | Neutral |
| UO (7,14,28) | 37.15 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-08 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1ab1fd6-fea1-4a47-a613-80b2efac37c1.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bcb932c0-3ee6-4ae7-9653-f25b19a1546d.pdf) |
| 2026-08-07 | [Outcome Of 34Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e014e3f-1d81-474b-bfd4-242830d61bd3.pdf) |
| 2026-08-07 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=044b290b-027a-4467-a611-e8bc8c792b68.pdf) |
| 2026-08-06 | [Board Meeting Outcome for Submission Of Un-Audited Financial Results For First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dfc9d33e-207d-4b9a-9b08-3b793b9391fa.pdf) |
| 2026-07-27 | [Board Meeting Intimation for Intimation Of Board Meeting To Consider Unaudited Financial Results For The First Quarter Ended June 30 2026 As Per Indas](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31bcef13-8f5b-40d6-b2e5-27af88575b2a.pdf) |
| 2026-07-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4ee882f-efc3-4627-b2ce-65e5f410e305.pdf) |
| 2026-07-13 | [Notice Of 34Th Annual General Meeting And Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98c4b20d-86e1-40d9-9390-fb60c5015554.pdf) |
| 2026-07-13 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7de6db81-ccd0-49a9-85d5-3c9e2b6d76ce.pdf) |
| 2026-07-13 | [Sub: Intimation Of Record Date-Reg. Ref: Regulation 42 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015; Our 34Th AGM Notice Letter No. IMIL/SE/AR26/0726 Dated July 13 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8760e5bb-7f2f-4813-a5c4-15e07fe080c5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Submission Of Un-Audited Financial Results For First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d330920d-a001-4401-84a6-a81c3e51439c.pdf) |
| 2026-05-21 | [Audited Financial Results For The Quarter And Year Ended March 31 2026 And Board Recommended Dividend For The Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f04a1ac8-dbd3-4081-906d-9e9ac532a52d.pdf) |
| 2026-05-21 | [Audited Financial Results For The Quarter And Year Ended March 31 2026 And Board Recommended Dividend For The Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=248052a7-06a6-4aea-9308-c28816bf08fc.pdf) |
| 2026-02-11 | [Sub: Submission Of Un-Audited Financial Results For The Third Quarter Ended December 31 2025- Reg. Ref: Regulation 33 & Read With Regulation 30 Schedule III Part A (4) SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f1012f2-51bb-4d98-9120-31bbe112de1f.pdf) |
| 2025-11-06 | [Submission Of Un-Audited Financial Results For The Second Quarter And Half Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53da1cb0-5fed-40e7-896d-eb4512861522.pdf) |
| 2025-08-07 | [Submission Of Un-Audited Financial Results For First Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf599eb0-c527-45bf-b55a-b27c96d5ded0.pdf) |
| 2025-05-22 | [Audited Financial Results For The Quarter And Year Ended March 31 2025 And Board Recommended Dividend For The Year 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c290ba7-57b4-4003-be98-d6bc39422bb1.pdf) |
| 2025-02-11 | [Sub: Submission Of Un-Audited Financial Results For The Third Quarter Ended December 31 2024- Reg. Ref: Regulation 33 & Read With Regulation 30 Schedule III Part A (4) SEBI (Listing Obligations And D](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=407e8f09-cf19-4c92-b2b5-a7cd221e999e.pdf) |
| 2024-11-14 | [Sub: Submission Of Un-Audited Financial Results For The Second Quarter And Half Year Ended September 30,2024- Reg.Ref: Regulation 33 & Read With Regulation 30, Schedule III, Part A (4) SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b75ac88e-b267-475c-aa20-a1bc661f7179.pdf) |
| 2024-08-08 | [Sub : Submission Of Un-Audited Financial Results For First Quarter Ended June 30, 2024 - Reg.Ref: Regulation 33 & Read With Regulation 30, Schedule III, Part A (4) SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6fc5b41c-d44c-40e3-99b1-24b5db37ba98.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40162c97-b6e0-4238-be93-00d6100a961a.pdf) |
| 5 Feb - Newspaper Publication- Intimation of Special Window for Transfer and Dematerialisation of Physical securities | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Feb - Newspaper Publication- Intimation of Special Window for Transfer and Dematerialisation of Physical securities](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3edba59f-a7b1-4f0c-bd75-7da5898174bd.pdf) |
| 31 Mar - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore. | [Announcement under Regulation 30 (LODR)-Credit Rating 31 Mar - CARE reaffirmed A+ (Stable)/A1+ for Rs169.65 crore bank facilities; long-term increased to Rs41.65 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/833118ed-b551-411b-8354-f96aa2ea7c6b.pdf) |
| 30 Jan - Board meeting Feb 11, 2026 to consider Q3 (Dec 31, 2025) unaudited IndAS results; trading window closes Feb 13. | [Board Meeting Intimation for Board Meeting To Consider Unaudited Financial Results For The Third Quarter Ended December 31, 2025 As Per Indas 30 Jan - Board meeting Feb 11, 2026 to consider Q3 (Dec 31, 2025) unaudited IndAS results; trading window closes Feb 13.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64558ae4-7cdb-46b1-8b2b-320250ccaf5a.pdf) |
| 20 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results. | [Closure of Trading Window 20 Mar - Trading window closed from April 1, 2026 until 48 hours after board meeting for FY2025-26 audited results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4102eb36-9625-4eac-8c23-00100e0b9a08.pdf) |
| 12 Feb - Newspaper Publication - Unaudited Financial Results for the third quarter ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb - Newspaper Publication - Unaudited Financial Results for the third quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/403c0c33-e4c4-486f-b173-f13332a17cc7.pdf) |
| 11 Feb - Q3 FY26 unaudited results (31 Dec 2025): Total income Rs21,617.68 lakh; profit Rs350.39 lakh; limited review approved. | [Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Third Quarter Ended December 31, 2025 11 Feb - Q3 FY26 unaudited results (31 Dec 2025): Total income Rs21,617.68 lakh; profit Rs350.39 lakh; limited review approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c757440-2368-4829-b111-326a5a57ebdc.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9dfebc9-388a-4672-a8f2-ce037e00530f.pdf) |
| — | [Submission Of Un-Audited Financial Results For The Third Quarter Ended December 31, 2025- Reg. Ref: Regulation 33 & Read With Regulation 30, Schedule III, Part A (4) SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f1012f2-51bb-4d98-9120-31bbe112de1f.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 11h](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f9dfebc9-388a-4672-a8f2-ce037e00530f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7de6db81-ccd0-49a9-85d5-3c9e2b6d76ce.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d12a5154-858e-4039-90ef-c551f65639f3.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/370d7241-c23d-47d8-b3f7-2105ae476153.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2405e5d0-eecc-4623-9158-87c1b2c12819.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/73681517380.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/68822517380.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/5173800320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/5173800319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/5173800318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517380/5173800317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3A40DD88_1FD8_45F4_8C6F_A5CEBB06292B_163256.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9524E710_81EE_4F39_84F1_080C63FBAE39_160826.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8791424-ac81-4e35-ad63-a0023934399c.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/c8791424-ac81-4e35-ad63-a0023934399c.pdf) |
| Aug 2016 | [Concall - Aug 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F3358099_74CC_494C_BECB_B3CE39F95C58_115654.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2022-08-12 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b77a6786-4a57-4097-8c1c-3126091f16b7.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 2026-09-13T18:36:10.014Z.