---
title: "MEP Infrastructure Developers Ltd (MEP) — Share Price, Financials & Analysis"
symbol: "MEP"
company: "MEP Infrastructure Developers Ltd"
canonical: "https://tapetide.com/stocks/MEP"
isin: "INE776I01010"
nse_symbol: "MEP"
bse_code: "539126"
sector: "Transport"
industry: "Toll Road Assets"
market_cap_cr: 12.29
generated_at: "2026-09-13T20:33:10.218Z"
---

# MEP Infrastructure Developers Ltd (MEP)

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

## Company

- **NSE Symbol:** MEP
- **BSE Code:** 539126
- **ISIN:** INE776I01010
- **Sector:** Transport
- **Industry:** Toll Road Assets
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2015-05-06
- **CEO:** Mr. Jayant Dattatray Mhaiskar
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mepinfra.com

## About

Incorporated in 2002, MEP Infra Developers Ltd is in the business of collection of toll and construction of roads along with other ancillary activities viz. road repairs and maintenance of flyovers, roads and allied structures[1]

## Latest Price

- **Price:** ₹0.67
- **Change:** 0 (0%)
- **Open:** ₹0.67
- **Day High:** ₹0.68
- **Day Low:** ₹0.66
- **Previous Close:** ₹0.67
- **Volume:** 40037
- **As Of:** 2026-09-11T09:48:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:25.604529Z.

- **Market Cap:** ₹12.29 Cr
- **Classification:** Microcap
- **P/E (reported):** 0
- **Book Value:** ₹-25.08
- **Price to Book:** -0.03
- **Dividend Yield:** 0%
- **ROE:** 57.33%
- **ROCE:** 49%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹269.1 Cr
- **Net Income:** ₹-267.5 Cr
- **EBITDA:** ₹-117.1 Cr
- **52-Week High:** ₹2.87
- **52-Week Low:** ₹0.5
- **RSI (14):** 56.24

## Tapetide Score

- **Score:** 27 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 0.8 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 3.39 | 9% |
| growth | 32.26 | 9% |
| momentum | 15.16 | 12% |
| ownership | 38.49 | 24% |
| quality | 27.4 | 22% |
| valuation | 74.45 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 47.5 to 28.1 days.

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.32%
- The company has delivered a poor sales growth of -51.4% over past five years.
- Promoter holding is low: 23.4%
- Promoters have pledged 75.7% of their holding.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 23.54% | -30.85% | -24.82% |
| ebitda margin growth | -303.35% | -180.98% | -188.94% | -218.11% |
| net income growth | -124.32% | 18.63% | 248.31% | -577.68% |
| revenue growth | -23.48% | -73.15% | -48% | -51% |
| roce | 294.76% | 318.45% | 196.25% | 23.3% |
| roe | 124.5% | -72.99% | 68.05% | 171.83% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 80 | 35 | 46 | 33 | 16 | 8 | 16 | 20 | 16 | 3 | 11 | 20 |
| Expenses | 66 | 32 | 26 | 62 | 44 | 16 | 13 | 80 | 31 | 30 | 34 | 620 |
| Operating Profit | 15 | 2 | 21 | -29 | -28 | -9 | 3 | -60 | -15 | -27 | -24 | -600 |
| OPM % | 19 | 7 | 44 | -91 | -179 | -113 | 19 | -300 | -90 | -936 | -216 | -2926 |
| Other Income | 13 | 8 | 5 | 47 | 1 | 3 | 5 | 4 | 3 | 1 | -59 | 6 |
| Interest | 12 | 10 | 8 | 12 | 11 | 9 | 9 | 13 | 9 | 13 | 9 | 9 |
| Depreciation | 25 | 20 | 20 | 18 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -9 | -20 | -2 | -13 | -42 | -17 | -3 | -70 | -22 | -39 | -92 | -604 |
| Tax % | 21 | -3 | 6 | 5 | 0 | 0 | 4 | 0 | -8 | 1 | 1 | 0 |
| Net Profit | -11 | -19 | -2 | -14 | -42 | -17 | -3 | -70 | -20 | -40 | -93 | -605 |
| EPS in Rs | -0.58 | -1.05 | -0.09 | -0.75 | -2.28 | -0.91 | -0.17 | -3.8 | -1.09 | -2.15 | -5.06 | -32.97 |

### Profit & Loss

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 907 | 695 | 781 | 1477 | 1869 | 1370 | 367 | 194 | 60 | 50 |
| Expenses | 866 | 75 | 163 | 1257 | 1649 | 1467 | 414 | 185 | 154 | 715 |
| Operating Profit | 41 | 621 | 617 | 220 | 220 | -98 | -47 | 9 | -94 | -665 |
| OPM % | 4.5 | 89 | 79 | 15 | 12 | -7 | -13 | 4.7 | -158 | -1318 |
| Other Income | 25 | 45 | 29 | 14 | 13 | 34 | -71 | 72 | 13 | -49 |
| Interest | 35 | 56 | 61 | 52 | 64 | 70 | 63 | 43 | 42 | 39 |
| Depreciation | 6 | 565 | 559 | 118 | 122 | 52 | 43 | 82 | 8 | 3 |
| Profit before tax | 25 | 44 | 27 | 64 | 47 | -185 | -224 | -44 | -131 | -757 |
| Tax % | 36 | 31 | 34 | 37 | 36 | -24 | -1 | 5 | 0 | 0 |
| Net Profit | 16 | 30 | 18 | 40 | 30 | -141 | -222 | -46 | -131 | -757 |
| EPS in Rs | 1.45 | 1.86 | 1.09 | 2.47 | 1.64 | -7.67 | -12.11 | -2.48 | -7.16 | -41.28 |
| Dividend Payout % | 0 | 11 | 23 | 12 | 18 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 111 | 163 | 163 | 163 | 183 | 183 | 183 | 183 | 183 | 186 |
| Reserves | 147 | 425 | 438 | 475 | 634 | 487 | 265 | 220 | 113 | -644 |
| Borrowings | 395 | 443 | 390 | 363 | 399 | 419 | 341 | 288 | 272 | 217 |
| Other Liabilities | 207 | 567 | 882 | 1029 | 1327 | 1765 | 1907 | 1074 | 1067 | 1139 |
| Total Liabilities | 861 | 1598 | 1873 | 2030 | 2544 | 2855 | 2696 | 1766 | 1635 | 899 |
| Fixed Assets | 11 | 344 | 157 | 73 | 43 | 93 | 88 | 36 | 18 | 8 |
| CWIP | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 210 | 522 | 670 | 779 | 819 | 853 | 853 | 841 | 424 | 168 |
| Other Assets | 640 | 732 | 1045 | 1178 | 1682 | 1909 | 1755 | 890 | 1194 | 723 |
| Total Assets | 861 | 1598 | 1873 | 2030 | 2544 | 2855 | 2696 | 1766 | 1635 | 899 |

### Cash Flow

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -9 | 85 | 84 | 281 | -120 | 189 | 103 | -152 | 6 | — |
| Cash from Investing Activity | -159 | -388 | 39 | -205 | -16 | -107 | 45 | 248 | 12 | — |
| Cash from Financing Activity | 157 | 308 | -116 | -80 | 129 | -83 | -152 | -97 | -16 | — |
| Net Cash Flow | -11 | 5 | 7 | -4 | -6 | -1 | -5 | -1 | 1 | — |
| Free Cash Flow | -11 | 61 | 94 | 254 | -119 | 163 | 95 | -126 | 15 | — |
| CFO/OP | 39 | 16 | 17 | 133 | -37 | -225 | -191 | -1653 | -7 | — |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 | 28 |
| Cash Conversion Cycle | 16 | 0 | 17 | 22 | 15 | 14 | 66 | 7 | 107 | 28 |
| Working Capital Days | -39 | -216 | -124 | -22 | 2 | -100 | -596 | -965 | -3193 | -4973 |
| ROCE % | 11 | 12 | 9 | 12 | 10 | -10 | -7 | -8 | -14 | -401 |

## 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 | 39.39% | 39.12% | 32.41% | 30.99% | 30.64% | 28.23% | 28.23% | 26.76% | 25.87% | 25.95% | 25.68% | 23.36% |
| FIIs | 3.92% | 3.76% | 3.59% | 3.57% | 0.45% | 0.45% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| DIIs | 5.5% | 5.37% | 10% | 7.25% | 7.25% | 5.84% | 5.3% | 5.3% | 5.3% | 4.41% | 4.41% | 4.41% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 40.2% | 40.52% | 42.74% | 46.8% | 46.98% | 51.28% | 50.96% | 52.09% | 53.2% | 54.25% | 54.97% | 57.93% |
| Others | 11% | 11.24% | 11.26% | 11.38% | 14.69% | 14.21% | 15.4% | 15.73% | 15.5% | 15.28% | 14.82% | 14.18% |
| No. of Shareholders | 30725 | 32347 | 32933 | 34843 | 34330 | 34830 | 34565 | 34249 | 33930 | 33541 | 33432 | 33564 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.7 | Sell |
| EMA (10) | 0.69 | Sell |
| SMA (20) | 0.69 | Sell |
| EMA (20) | 0.68 | Sell |
| SMA (50) | 0.63 | Buy |
| EMA (50) | 0.68 | Sell |
| SMA (100) | 0.77 | Sell |
| EMA (100) | 0.78 | Sell |
| SMA (200) | 1.1 | Sell |
| EMA (200) | 1.03 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.07 | Neutral |
| MACD (12,26,9) | 0.02 | Sell |
| Stochastic (14,3,3) | 7.87 | Buy |
| ADX (14) | 40.18 | Buy |
| Williams %R (14) | -88.89 | Buy |
| ATR (14) | 0.01 | Neutral |
| ROC (12) | -4.29 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 26.2 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff541d3c-fce2-4eae-8e65-2449a51e46fa.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ef593cc-073f-42b8-ae55-dbce4997d190.pdf) |
| 2026-06-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7222f769-b5f4-40e1-a8e8-f9bf8334259a.pdf) |
| 2026-06-03 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c61ee3f-1149-4fd8-9b01-d3147321644a.pdf) |
| 2026-06-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96bc0d9a-8b90-470a-874b-292a6cf78309.pdf) |
| 2026-04-21 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22e34b0e-a82f-40ef-b281-f0d60b775fbf.pdf) |
| 2026-04-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2564a64c-c583-4ecf-812d-5b09bd810242.pdf) |
| 2026-04-10 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c46d7eb0-27b9-4fd4-86e1-f25487600935.pdf) |
| 2026-03-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c482342-0f8b-49cb-b191-0aace7ace1c7.pdf) |
| 2026-01-27 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ef6d205-9aa0-4081-ad3e-852af568693d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - MEPIDL says large corporate disclosure is not applicable for Q4 FY2026-27; company remains under CIRP. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8h - MEPIDL says large corporate disclosure is not applicable for Q4 FY2026-27; company remains under CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22e34b0e-a82f-40ef-b281-f0d60b775fbf.pdf) |
| 7 Jan - SEBI Reg 74(5) certificate: dematerialisation confirmations for quarter ended 31 December 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - SEBI Reg 74(5) certificate: dematerialisation confirmations for quarter ended 31 December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8322dd70-c9ea-4b87-9d92-a5e5b6e70567.pdf) |
| 30 Dec 2025 - Post-facto intimation: 20th Committee of Creditors meeting held 29 Dec 2025 under NCLT order. | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 30 Dec 2025 - Post-facto intimation: 20th Committee of Creditors meeting held 29 Dec 2025 under NCLT order.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1b920c9-6947-4be0-b4d8-8dbef6e5e282.pdf) |
| 30 Dec 2025 - MEP Infrastructure: 20th Committee of Creditors meeting held 29 Dec 2025 (under CIRP). | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 30 Dec 2025 - MEP Infrastructure: 20th Committee of Creditors meeting held 29 Dec 2025 (under CIRP).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0f2b589-6685-4a9c-aa49-0c32c2cc9b89.pdf) |
| 27 Jan - Post-facto intimation: 21st Committee of Creditors meeting held 23-Jan-2026 under NCLT order 28-Mar-2024. | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 27 Jan - Post-facto intimation: 21st Committee of Creditors meeting held 23-Jan-2026 under NCLT order 28-Mar-2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ef6d205-9aa0-4081-ad3e-852af568693d.pdf) |
| 24 Dec 2025 - Annual secretarial compliance report: NCLT admitted CIRP on 28‑Mar‑2024; moratorium effective; RP appointed; SEBI non-disclosures and fines noted. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 24 Dec 2025 - Annual secretarial compliance report: NCLT admitted CIRP on 28‑Mar‑2024; moratorium effective; RP appointed; SEBI non-disclosures and fines noted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e425c5e-c98f-4fa2-bd9e-dce5997e951e.pdf) |
| 21 Apr - MEPIDL says large corporate disclosure is not applicable for Q4 FY2026-27; company remains under CIRP. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 21 Apr - MEPIDL says large corporate disclosure is not applicable for Q4 FY2026-27; company remains under CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22e34b0e-a82f-40ef-b281-f0d60b775fbf.pdf) |
| 13 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31st March 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2564a64c-c583-4ecf-812d-5b09bd810242.pdf) |
| 10 Apr - 22nd Committee of Creditors meeting held on 9 April 2026 under CIRP. | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 10 Apr - 22nd Committee of Creditors meeting held on 9 April 2026 under CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c46d7eb0-27b9-4fd4-86e1-f25487600935.pdf) |
| — | [Closure of Trading Window 26 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c482342-0f8b-49cb-b191-0aace7ace1c7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-09-12 | [Audited Consolidated Financial Results For The Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7fdc039-b3a8-4746-ad55-0efabbff3538.pdf) |
| 2024-02-15 | [Unaudited Financial Results For The Quarter Ended 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0318f6f9-4a2a-4573-8e28-ce1a168837aa.pdf) |
| 2023-11-10 | [Financial Results For The Quarter And Half Year Ended 30Th September, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d4ed55d-7d3c-4b2c-8b96-ae9135d76bfa.pdf) |
| 2023-08-14 | [Results For Quarter 1 Ended 30Th June, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57c9ebd1-e433-4719-be45-4e2a61d8ea7f.pdf) |
| 2023-06-03 | [Results-Financial Results For The Year Ended 31St March, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8507fc18-4137-460e-9574-017b78eb1bc6.pdf) |
| 2023-02-15 | [Unaudited Financial Results For The Quarter Ended 31St December, 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75b43aab-0678-4dd2-b4ea-4af6f8bc77c6.pdf) |
| 2022-11-15 | [Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=121faeb3-8481-4dad-9c05-b849be99efb0.pdf) |
| 2022-11-15 | [Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d9edce6-349f-451f-957b-f95bdbff7182.pdf) |
| 2022-11-14 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3564bf61-d52f-4776-99cb-4aef46b21e57.pdf) |
| 2022-08-12 | [Board Meeting Outcome for Outcome Of The Board Meeting Rescheduled And Held On 12Th August, 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce0f3288-6a39-4afa-ac56-fa108eabe52e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/06617195-3b77-4064-b660-d71aa747cc54.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/77066539126.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/71870539126.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/67244539126.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/5391260319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/5391260318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/5391260317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/5391260316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/539126/5391260315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C486659D_D060_4866_8B5E_DCA38B8236EC_095149.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f1be40b-5a7d-472c-930e-dba9b8472f87.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/1f1be40b-5a7d-472c-930e-dba9b8472f87.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 2026-09-13T20:33:10.218Z.