---
title: "Indo Thai Securities Ltd (INDOTHAI) — Share Price, Financials & Analysis"
symbol: "INDOTHAI"
company: "Indo Thai Securities Ltd"
canonical: "https://tapetide.com/stocks/INDOTHAI"
isin: "INE337M01021"
nse_symbol: "INDOTHAI"
bse_code: "533676"
sector: "Capital Markets"
industry: "Stock Broking"
market_cap_cr: 569.52
generated_at: "2026-09-13T18:59:09.182Z"
---

# Indo Thai Securities Ltd (INDOTHAI)

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

## Company

- **NSE Symbol:** INDOTHAI
- **BSE Code:** 533676
- **ISIN:** INE337M01021
- **Sector:** Capital Markets
- **Industry:** Stock Broking
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2011-11-02
- **CEO:** Mr. Parasmal Doshi
- **Employees:** 97
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** indothai.co.in

## About

Incorporated in 1995, Indo Thai Securities 
Ltd is in the business as stock and share brokers[1]

## Latest Price

- **Price:** ₹41.17
- **Change:** -2.16 (-4.98%)
- **Open:** ₹43.4
- **Day High:** ₹45.49
- **Day Low:** ₹41.17
- **Previous Close:** ₹43.33
- **Volume:** 20200138
- **As Of:** 2026-09-11T10:29:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:37.156789Z.

- **Market Cap:** ₹569.52 Cr
- **Classification:** Microcap
- **P/E (reported):** 8.4
- **P/E (TTM):** 7.61
- **EPS (TTM):** ₹5.41
- **Book Value:** ₹32.83
- **Price to Book:** 1.33
- **Dividend Yield:** 0.46%
- **ROE:** 23.07%
- **ROCE:** 27.17%
- **Debt to Equity:** 0.09
- **Revenue (yearly):** ₹104.3 Cr
- **Net Income:** ₹66.2 Cr
- **EBITDA:** ₹86.5 Cr
- **52-Week High:** ₹466.35
- **52-Week Low:** ₹33.97
- **RSI (14):** 17.68

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 50.86 | 9% |
| growth | 98.9 | 9% |
| momentum | 1.1 | 12% |
| ownership | 40.95 | 24% |
| quality | 76 | 22% |
| valuation | 64.98 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 45.6% CAGR over last 5 years
- Debtor days have improved from 122 to 24.3 days.

### Weaknesses

- Promoter holding has decreased over last quarter: -0.43%
- Contingent liabilities of Rs.200 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -56.6% | — | -789.96% |
| ebitda margin growth | -51.22% | 85.7% | 26.47% | 32.7% |
| net income growth | -58.02% | 737.97% | 130% | 46% |
| revenue growth | -45.83% | 283.46% | 139% | 37% |
| roce | -51.55% | 335.42% | 4.3% | 12.79% |
| roe | -57.87% | 429.13% | 15.97% | 53.19% |

## 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 | 8 | 9 | 7 | 9 | 9 | 6 | 6 | 14 | 24 | 28 | 38 | 21 |
| Expenses | 3 | 3 | 2 | 3 | 4 | 4 | 8 | 4 | 4 | 4 | 6 | 5 |
| Operating Profit | 6 | 6 | 4 | 6 | 6 | 2 | -2 | 10 | 20 | 23 | 33 | 16 |
| OPM % | 66 | 67 | 63 | 64 | 60 | 30 | -34 | 72 | 84 | 84 | 85 | 77 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 6 | 6 | 4 | 6 | 6 | 1 | -2 | 10 | 19 | 23 | 31 | 15 |
| Tax % | 22 | 15 | 31 | 16 | 19 | 21 | 9 | 12 | 26 | 25 | 17 | 26 |
| Net Profit | 4 | 5 | 2 | 5 | 5 | 1 | -3 | 9 | 14 | 17 | 26 | 11 |
| EPS in Rs | 0.43 | 0.54 | 0.25 | 0.5 | 0.45 | 0.09 | -0.22 | 0.72 | 1.19 | 1.33 | 2.04 | 0.85 |

### 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 | 58 | 8 | 9 | 22 | 20 | 8 | 31 | 27 | 104 | 110 |
| Expenses | 45 | 8 | 21 | 5 | 7 | 16 | 11 | 15 | 18 | 19 |
| Operating Profit | 13 | 0 | -12 | 17 | 12 | -9 | 20 | 12 | 86 | 92 |
| OPM % | 22 | -3.6 | -128 | 77 | 62 | -114 | 65 | 44 | 83 | 83 |
| Other Income | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 11 | -2 | -14 | 16 | 11 | -9 | 20 | 10 | 83 | 88 |
| Tax % | 23 | -25 | -20 | 37 | 13 | -20 | 22 | 24 | 20 | — |
| Net Profit | 9 | -1 | -11 | 10 | 10 | -7 | 15 | 8 | 66 | 69 |
| EPS in Rs | 0.87 | -0.13 | -1.08 | 1.02 | 0.99 | -0.65 | 1.6 | 0.71 | 5.16 | 5.41 |
| Dividend Payout % | 11 | -76 | 0 | 10 | 10 | -9 | 10 | 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 | 13 |
| Reserves | 37 | 46 | 47 | 35 | 45 | 54 | 49 | 63 | 168 | 271 |
| Borrowings | 0 | 5 | 8 | 8 | 1 | 2 | 4 | 6 | 4 | 25 |
| Other Liabilities | 10 | 15 | 18 | 18 | 22 | 42 | 45 | 42 | 45 | 66 |
| Total Liabilities | 57 | 75 | 83 | 70 | 79 | 109 | 107 | 122 | 228 | 374 |
| Fixed Assets | 3 | 10 | 10 | 10 | 11 | 12 | 11 | 13 | 13 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 7 | 15 | 3 | 15 | 35 | 21 | 30 | 58 | 175 |
| Other Assets | 47 | 59 | 58 | 57 | 53 | 62 | 75 | 79 | 158 | 185 |
| Total Assets | 57 | 75 | 83 | 70 | 79 | 109 | 107 | 122 | 228 | 374 |

### 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 | 0 | 7 | 4 | 13 | 4 | 5 | 1 | -3 | -22 | -34 |
| Cash from Investing Activity | 5 | -5 | 0 | -14 | 4 | -9 | -2 | 3 | -75 | -22 |
| Cash from Financing Activity | -1 | 3 | -1 | -2 | -7 | -1 | 0 | 0 | 95 | 58 |
| Net Cash Flow | 4 | 6 | 3 | -3 | 1 | -4 | 0 | 1 | -2 | 2 |
| Free Cash Flow | 6 | 7 | 4 | 13 | 3 | 3 | 1 | -5 | -22 | -35 |
| CFO/OP | -58 | 74 | -1700 | -110 | 27 | 50 | -28 | -2 | -159 | -25 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 100 | 138 | 1063 | 423 | 59 | 49 | 138 | 90 | 251 | 24 |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 100 | 138 | 1063 | 423 | 59 | 49 | 138 | 90 | 251 | 24 |
| Working Capital Days | 167 | 105 | 126 | 229 | -20 | -567 | -1250 | -246 | -92 | -27 |
| ROCE % | -3 | 23 | -1 | -21 | 32 | 20 | -13 | 28 | 9 | 35 |

## 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 | 72.18% | 72.18% | 72.18% | 72.18% | 72.18% | 72.18% | 61.73% | 60.86% | 59.36% | 56.77% | 56.51% | 56.07% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.52% | 0.48% | 1.17% | 1.28% | 1.22% | 1.28% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.19% | 0.49% | 0.46% |
| Government | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.05% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.41% | 23.4% | 23.61% | 23.64% | 24.08% | 24.69% | 34.64% | 35.45% | 34.73% | 33.73% | 32% | 31.62% |
| Others | 4.37% | 4.37% | 4.16% | 4.12% | 3.69% | 2.95% | 3.05% | 3.2% | 4.74% | 8.02% | 9.79% | 10.57% |
| No. of Shareholders | 3853 | 3855 | 4263 | 4036 | 4410 | 4835 | 5549 | 5423 | 11112 | 15932 | 16464 | 17732 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 4 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 40.15 | Buy |
| EMA (10) | 43.31 | Sell |
| SMA (20) | 49.47 | Sell |
| EMA (20) | 58.04 | Sell |
| SMA (50) | 128.78 | Sell |
| EMA (50) | 111.42 | Sell |
| SMA (100) | 192.57 | Sell |
| EMA (100) | 164.82 | Sell |
| SMA (200) | 244.77 | Sell |
| EMA (200) | 204.24 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 16.87 | Buy |
| MACD (12,26,9) | -24.2 | Buy |
| Stochastic (14,3,3) | 35.09 | Neutral |
| ADX (14) | 72.56 | Buy |
| Williams %R (14) | -65.18 | Neutral |
| ATR (14) | 4.67 | High Volatility |
| ROC (12) | -19.53 | Sell |
| Stoch RSI (14) | 93.78 | Sell |
| UO (7,14,28) | 39.14 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Board approved FY26 audited standalone and consolidated results, recommended Re.0.10 dividend on 7 May 2026. | [The Financial Results For The Period Ended March 31, 2026. 7 May - Board approved FY26 audited standalone and consolidated results, recommended Re.0.10 dividend on 7 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/28b1f6e1-0732-4ccd-8071-a442f787c344.pdf) |
| 7 May - Board approved FY26 audited standalone and consolidated results and recommended Re.0.10 dividend on 07 May 2026. | [Board Meeting Outcome for Indo Thai Securities Limited Has Submitted To The Exchange, The Financial Results For The Period Ended March 31, 2026. 7 May - Board approved FY26 audited standalone and consolidated results and recommended Re.0.10 dividend on 07 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e365a1ad-fb70-4d2d-ab17-cc2b6189feac.pdf) |
| 4 May - Board meets 7 May 2026 to approve Q4/FY26 audited results and recommend dividend. | [Update on board meeting 4 May - Board meets 7 May 2026 to approve Q4/FY26 audited results and recommend dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dcc5bbf-9b6f-4536-bbbd-53ab1f6b6cc7.pdf) |
| 4 May - Board meets 7 May 2026 to approve Q4/FY26 audited results and recommend dividend. | [Update on board meeting 4 May - Board meets 7 May 2026 to approve Q4/FY26 audited results and recommend dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1dcc5bbf-9b6f-4536-bbbd-53ab1f6b6cc7.pdf) |
| 29 Apr - Board meeting on 7 May 2026 to consider Q4FY26 and annual results, and recommend dividend. | [Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve The Financial Results For The Period Ended March 31, 2026, Dividend And Other Business Matters. 29 Apr - Board meeting on 7 May 2026 to consider Q4FY26 and annual results, and recommend dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6be7839-6aba-4881-ae52-c02a5c760381.pdf) |
| 29 Apr - Board meeting on 7 May 2026 to consider Q4FY26 and annual results, and recommend dividend. | [Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve The Financial Results For The Period Ended March 31, 2026, Dividend And Other Business Matters. 29 Apr - Board meeting on 7 May 2026 to consider Q4FY26 and annual results, and recommend dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6be7839-6aba-4881-ae52-c02a5c760381.pdf) |
| 28 Apr - Indo Thai Securities submitted FY26 secretarial compliance report; minor delays fined Rs.55,000 plus GST. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 28 Apr - Indo Thai Securities submitted FY26 secretarial compliance report; minor delays fined Rs.55,000 plus GST.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f5b18c8-2600-49be-92bd-1c25eecf4432.pdf) |
| 28 Apr - Indo Thai Securities submitted FY26 secretarial compliance report; minor delays fined Rs.55,000 plus GST. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 28 Apr - Indo Thai Securities submitted FY26 secretarial compliance report; minor delays fined Rs.55,000 plus GST.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3f5b18c8-2600-49be-92bd-1c25eecf4432.pdf) |
| 25 Mar - Resulting company increased authorised capital from Rs.30 lakh to Rs.15 crore; disclosed 25 March 2026. | [Disclosure Of The Material Information About Indo Thai Financial Services Limited 25 Mar - Resulting company increased authorised capital from Rs.30 lakh to Rs.15 crore; disclosed 25 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a307dab-54dd-4995-8110-7e2a0183ac8a.pdf) |
| 25 Feb - Femto Green Hydrogen filed PCT application PCT/IN2026/050049; filed Jan 12, 2026; confirmation Feb 23, 2026. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Further Update On Femto Green Hydrogen Limited, A Subsidiary Company Of The Company 25 Feb - Femto Green Hydrogen filed PCT application PCT/IN2026/050049; filed Jan 12, 2026; confirmation Feb 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcb33d5e-f4c1-43c1-9c55-fd26e85e4341.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6181ebd7-5e7d-44dd-972e-ecd6d06e4f44.pdf) |
| 2026-08-26 | [Indo Thai Securities Limited Has Informed The Exchange Regarding Notice Of Annual General Meeting To Be Held On September 19 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d53f1cf5-0aaa-48de-98e7-e9fcb92a28c5.pdf) |
| 2026-08-26 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9dc2a5ca-a792-4d32-bf8a-e0678f862446.pdf) |
| 2026-08-26 | [Indo Thai Securities Limited Had Intimated The 11-Sep-2026 As The Record Date. The Company Has Now Informed The Exchange That The Record Date Has Been Revised To 12-Sep-2026 For The Purpose Of Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2cfdd292-4d0a-4110-a403-c291845d717b.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96c320d2-b7ed-4181-9276-f12ff2c1852d.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d2acd8f-b6b2-4694-8a7f-4e71917f5352.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Indo Thai Securities Limited Has Informed The Exchange Regarding Outcome Of Board Meeting Held On August 14 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05682c90-a58e-44c9-9d30-7bcd86860815.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e07999ed-de8c-463e-9bdd-400cff2e1ce2.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dee69c07-9591-4ed0-adeb-38b9928e7469.pdf) |
| 2026-08-04 | [Indo Thai Securities Limited Has Informed The Exchange Regarding Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc48be18-ebf6-4f14-9ce8-626e1ae755ca.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a59618a-f057-43a9-8384-873665cd8b2e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-07 | [The Financial Results For The Period Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28b1f6e1-0732-4ccd-8071-a442f787c344.pdf) |
| 2026-01-13 | [Indo Thai Securities Limited Has Submitted To The Exchange The Financial Results For The Period Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c59cd952-a8de-4d4d-9c42-96ef7f44c796.pdf) |
| 2025-08-02 | [Indo Thai Securities Limited Has Submitted To The Exchange The Financial Results For The Period Ended Jun 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3488be6-b96d-4d10-9bb0-8d69f00511db.pdf) |
| 2025-01-25 | [Indo Thai Securities Limited Has Submitted To The Exchange The Financial Results For The Period Ended December 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b4759a6-bddd-45c7-a22b-b32598c12a2c.pdf) |
| 2024-10-26 | [Indo Thai Securities Limited Has Submitted To The Exchange, The Financial Results For The Period Ended September 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=571b77ac-7195-4d7f-af2a-d36a527e1f38.pdf) |
| 2024-08-10 | [Submission Of Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 30Th June, 2024 Along With Limited Review Report Thereon](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d283748f-5734-48d0-bc3a-78707cb7fb59.pdf) |
| 2024-05-10 | [Indo Thai Securities Limited Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1775f0c-daa3-4a3b-b85a-6361d900ae6c.pdf) |
| 2023-10-28 | [Submission Of Unaudited Standalone & Consolidated Financial Results For The 2Nd Quarter Ended On 30Th September, 2023 Along With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd438a2e-ddf8-4a1a-92de-00c3f6794c0f.pdf) |
| 2023-05-23 | [Outcome Of The 354Th Board Meeting Held On 23Rd May, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5622dbb7-25e8-4451-bbe1-5ef887e4c296.pdf) |
| 2023-02-13 | [Submission Of Unaudited Standalone & Consolidated Financial Results For The 3Rd Quarter Ended On 31St December, 2022 Along With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c986d610-3ee0-4658-aeb3-bf58230cb6b6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1332_INDOTHAI_2012_2013_05092013160428.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_INDOTHAI_2011_2012_10092012102226.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0c823bb-7785-4b1c-bec2-c4b22e1bdb70.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/345f4381-02e3-4b1b-a56b-11d0b4aae0ce.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abbcc560-db85-4e2f-ab07-0efb5628d75e.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533676/77042533676.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533676/71785533676.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533676/66855533676.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533676/5336760319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533676/5336760318.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 2026-09-13T18:59:09.182Z.