---
title: "Monarch Networth Capital Ltd (MONARCH) — Share Price, Financials & Analysis"
symbol: "MONARCH"
company: "Monarch Networth Capital Ltd"
canonical: "https://tapetide.com/stocks/MONARCH"
isin: "INE903D01011"
nse_symbol: "MONARCH"
bse_code: "511551"
sector: "Capital Markets"
industry: "Stock Broking"
market_cap_cr: 2714.98
generated_at: "2026-09-13T18:19:34.082Z"
---

# Monarch Networth Capital Ltd (MONARCH)

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

## Company

- **NSE Symbol:** MONARCH
- **BSE Code:** 511551
- **ISIN:** INE903D01011
- **Sector:** Capital Markets
- **Industry:** Stock Broking
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2022-01-06
- **CEO:** Ms. Manju Suresh Bafna B.Sc.
- **Employees:** 419
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mnclgroup.com

## About

Monarch Networth Capital is an integrated financial-services group offering retail and institutional broking, margin-trading and 
loan-against-securities facilities, wealth 
and financial-product distribution, investment banking, AIF and PMS fund management 
and emerging mutual-fund and IFSC asset-management services.[1][2]

## Latest Price

- **Price:** ₹373.95
- **Change:** +3 (+0.81%)
- **Open:** ₹370
- **Day High:** ₹376
- **Day Low:** ₹363.3
- **Previous Close:** ₹370.95
- **Volume:** 125966
- **As Of:** 2026-09-11T10:01:40+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:00.539645Z.

- **Market Cap:** ₹2714.98 Cr
- **Classification:** Microcap
- **P/E (reported):** 16.2
- **P/E (TTM):** 16.37
- **EPS (TTM):** ₹22.85
- **EPS (reported):** ₹43.17
- **Book Value:** ₹122.49
- **Price to Book:** 3.03
- **Dividend Yield:** 0.27%
- **ROE:** 18.73%
- **ROCE:** 26.32%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹372.17 Cr
- **Net Income:** ₹182.76 Cr
- **EBITDA:** ₹257.8 Cr
- **52-Week High:** ₹406.95
- **52-Week Low:** ₹235.45
- **RSI (14):** 43.92

## Tapetide Score

- **Score:** 69 / 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: Fair · Momentum: Rising
- **Percentile:** 99.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 78.63 | 9% |
| growth | 50 | 9% |
| momentum | 93.29 | 12% |
| ownership | 65.61 | 24% |
| quality | 74.02 | 22% |
| valuation | 57.43 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 45.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Company's median sales growth is 24.2% of last 10 years

### Weaknesses

- Company has high debtors of 210 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 127.56% | 243.24% | 112.66% |
| ebitda margin growth | -10.96% | 3.94% | 7.7% | 41.42% |
| net income growth | -0.88% | 22.41% | 62% | 46% |
| revenue growth | -8.54% | 13.47% | 32% | 29% |
| roce | -11.48% | -41.47% | -6.47% | 35.11% |
| roe | -0.83% | -47.39% | 24.57% | -17.05% |

## 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 | 78 | 83 | 68 | 85 | 104 | 77 | 61 | 98 | 83 | 91 | 100 | 91 |
| Expenses | 25 | 26 | 30 | 28 | 38 | 21 | 23 | 35 | 19 | 28 | 32 | 31 |
| Operating Profit | 53 | 57 | 38 | 57 | 66 | 55 | 38 | 63 | 64 | 64 | 68 | 60 |
| OPM % | 68 | 69 | 56 | 67 | 63 | 72 | 63 | 64 | 77 | 70 | 68 | 66 |
| Other Income | 0 | 0 | 7 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 |
| Interest | 3 | 4 | 5 | 5 | 6 | 3 | 2 | 2 | 1 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 1 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 50 | 53 | 40 | 51 | 57 | 50 | 35 | 60 | 61 | 61 | 63 | 56 |
| Tax % | 27 | 27 | 24 | 22 | 22 | 19 | 29 | 24 | 26 | 25 | 28 | 19 |
| Net Profit | 37 | 39 | 31 | 40 | 44 | 41 | 25 | 45 | 45 | 45 | 46 | 45 |
| EPS in Rs | 5.47 | 5.7 | 4.51 | 5.92 | 5.61 | 5.16 | 3.15 | 5.71 | 5.67 | 5.73 | 5.75 | 5.7 |

### 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 | 92 | 76 | 70 | 103 | 154 | 162 | 278 | 328 | 372 | 365 |
| Expenses | 65 | 59 | 58 | 60 | 79 | 97 | 100 | 110 | 114 | 110 |
| Operating Profit | 26 | 18 | 12 | 42 | 75 | 64 | 178 | 218 | 258 | 255 |
| OPM % | 29 | 23 | 17 | 41 | 49 | 40 | 64 | 66 | 69 | 70 |
| Other Income | 3 | 3 | 0 | -4 | 1 | 0 | 1 | 0 | 1 | 1 |
| Interest | 7 | 5 | 8 | 2 | 2 | 6 | 13 | 18 | 7 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 8 | 8 | 8 |
| Profit before tax | 22 | 15 | 4 | 35 | 72 | 58 | 164 | 193 | 244 | 240 |
| Tax % | 12 | 13 | 36 | 30 | 25 | 26 | 25 | 23 | 26 | — |
| Net Profit | 19 | 13 | 2 | 24 | 54 | 43 | 123 | 149 | 181 | 181 |
| EPS in Rs | 3.12 | 2.15 | 0.36 | 3.92 | 8.7 | 6.35 | 18.19 | 19.02 | 22.86 | 22.85 |
| Dividend Payout % | 0 | 0 | 0 | 13 | 6 | 8 | 3 | 5 | 4 | — |

### 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 | 30 | 31 | 31 | 31 | 31 | 31 | 34 | 34 | 78 | 79 |
| Reserves | 14 | 37 | 49 | 51 | 77 | 137 | 188 | 312 | 718 | 892 |
| Borrowings | 18 | 16 | 26 | 12 | 4 | 17 | 3 | 113 | 9 | 37 |
| Other Liabilities | 158 | 117 | 124 | 372 | 298 | 462 | 383 | 349 | 430 | 564 |
| Total Liabilities | 220 | 202 | 230 | 465 | 410 | 647 | 608 | 808 | 1236 | 1572 |
| Fixed Assets | 3 | 3 | 3 | 4 | 5 | 5 | 8 | 13 | 21 | 21 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 2 | 2 | 1 | 8 | 11 | 21 | 27 | 120 | 218 |
| Other Assets | 214 | 197 | 226 | 460 | 397 | 631 | 579 | 768 | 1094 | 1333 |
| Total Assets | 220 | 202 | 230 | 465 | 410 | 647 | 608 | 808 | 1236 | 1572 |

### 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 | 53 | 36 | 3 | 264 | -235 | 45 | -21 | -108 | 30 | 114 |
| Cash from Investing Activity | -29 | -2 | -19 | -121 | 126 | 0 | -18 | 16 | -87 | -2 |
| Cash from Financing Activity | -20 | -9 | 8 | -23 | -10 | 14 | -5 | 94 | 171 | -2 |
| Net Cash Flow | 4 | 25 | -8 | 121 | -119 | 58 | -43 | 1 | 114 | 110 |
| Free Cash Flow | 42 | 35 | 1 | 263 | -238 | 43 | -25 | -114 | 14 | 106 |
| CFO/OP | 274 | 145 | 54 | 2236 | -547 | 84 | -6 | -37 | 31 | 68 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 519 | 237 | 372 | 357 | 112 | 101 | 99 | 98 | 70 | 210 |
| Cash Conversion Cycle | 519 | 237 | 372 | 357 | 112 | 101 | 99 | 98 | 70 | 210 |
| Working Capital Days | -262 | -226 | -291 | -1589 | -821 | -832 | -489 | -315 | -353 | -328 |
| ROCE % | 27 | 39 | 20 | 11 | 41 | 50 | 31 | 52 | 33 | 28 |

## 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 | 52.37% | 55.86% | 55.92% | 55.92% | 52.79% | 52.79% | 52.79% | 52.88% | 52.86% | 53.41% | 53.86% | 53.83% |
| FIIs | 1.67% | 0% | 0.52% | 0.13% | 1.66% | 1.55% | 1.36% | 1.74% | 1.78% | 1.44% | 1.47% | 2.77% |
| DIIs | 0% | 0% | 0.15% | 0% | 0.84% | 0.8% | 0.83% | 0.82% | 0.26% | 0.15% | 0.15% | 0.15% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.13% | 22.57% | 21.91% | 22.07% | 22.91% | 20.08% | 19.96% | 19.42% | 20.55% | 19.94% | 19.22% | 18.98% |
| Others | 21.82% | 21.57% | 21.5% | 21.88% | 21.8% | 24.78% | 25.06% | 25.14% | 24.56% | 25.06% | 25.3% | 24.27% |
| No. of Shareholders | 6564 | 7605 | 7827 | 8533 | 15063 | 16908 | 17965 | 18561 | 20531 | 19564 | 19072 | 18430 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 7 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 376.83 | Sell |
| EMA (10) | 376.59 | Sell |
| SMA (20) | 380.3 | Sell |
| EMA (20) | 378.19 | Sell |
| SMA (50) | 375.56 | Sell |
| EMA (50) | 371.36 | Buy |
| SMA (100) | 350.05 | Buy |
| EMA (100) | 354.22 | Buy |
| SMA (200) | 319.49 | Buy |
| EMA (200) | 337.7 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.66 | Neutral |
| MACD (12,26,9) | -0.76 | Sell |
| Stochastic (14,3,3) | 30.68 | Neutral |
| ADX (14) | 17.92 | Neutral |
| Williams %R (14) | -70.08 | Neutral |
| ATR (14) | 13.31 | High Volatility |
| ROC (12) | -1.51 | Sell |
| Stoch RSI (14) | 28.25 | Neutral |
| UO (7,14,28) | 44.42 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Web-Link To Notice Of 33Rd Annual General Meeting ("AGM") Of Monarch Networth Capital Limited And Annual Report For The Financial Year 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca12557b-907d-4459-882d-67010da226d7.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a51fd10-db03-44fb-b9a5-8ab4958bb24a.pdf) |
| 2026-09-02 | [Notice Of 33Rd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53225c47-7cfd-4f28-9608-98759991b8c4.pdf) |
| 2026-09-02 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=902babe4-5ce4-47d0-993b-c64998a164e6.pdf) |
| 2026-09-02 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3693e4a5-2a98-432d-8609-00059cfc2766.pdf) |
| 2026-08-11 | [Corporate Action-Record Date For Final Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1096f56-0650-4cab-a3f8-4ac35c86cda9.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0636d32-213d-4edf-86ed-38c1a7a03d1b.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome-Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9192dde6-ce6e-4d6f-bde6-0d2a6b610cad.pdf) |
| 2026-08-10 | [Revised Outcome & Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ebe1cc66-2dff-4c40-bdbc-02612a2d0a66.pdf) |
| 2026-08-03 | [Board Meeting Intimation for Quarterly Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=905d1835-a04d-4d9e-bd5e-e1a07e281419.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Financial Results For Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=77cd7668-aed1-4af7-855d-10b45c016e18.pdf) |
| 2026-05-15 | [Results For Quarter & FY Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a85e1794-ae24-4103-a2bf-09acbb3164a8.pdf) |
| 2026-01-22 | [Financial Results For Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acd01c0d-aecf-4e3e-998d-12d9e0317c5e.pdf) |
| 2025-11-14 | [Result - Financial Result 30-09-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d60ccb02-681e-447e-bb12-263e2ded9547.pdf) |
| 2025-07-23 | [Results - Financial Statements For Jun 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16cb1230-90bc-4aa2-aad0-ca05d54ac858.pdf) |
| 2025-05-27 | [Results - Financial Statements For FY Ended Mar 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b8c5836-0bec-4863-a615-3938dcb9dce0.pdf) |
| 2025-02-07 | [Financial Result - Dec 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc79dcfa-749e-4ea4-bfda-1c665f5eaaaf.pdf) |
| 2024-11-11 | [Financial Results For Sep 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6877c618-cbb2-474c-a28f-21d11fa0dda2.pdf) |
| 2024-07-15 | [Financial Result - June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=677c64ec-2bc4-40ad-afc3-765cfa87d4c4.pdf) |
| 2024-05-24 | [Result - Financial Results For March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cbaa6b6-1403-47c0-874e-5ced0e42502d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 May - Board meets May 15, 2026 to approve FY26 audited results and consider final dividend. | [Board Meeting Intimation for Audited Financial Results & Final Dividend 6 May - Board meets May 15, 2026 to approve FY26 audited results and consider final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ddef383b-4fd0-4c73-8c16-ab745a7184bc.pdf) |
| 6 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f60b2b9d-f249-445c-8c9f-55f740cd0f44.pdf) |
| 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2025-26 results declaration. | [Closure of Trading Window 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2025-26 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ac4ffaa-07b8-40ec-915a-d7f31c523a1c.pdf) |
| 27 Apr - Monarch Networth raises Rs 100 crore for maiden PMS, beats BSE 500 TRI by 15%, targets Rs 500 crore AUM. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Apr - Monarch Networth raises Rs 100 crore for maiden PMS, beats BSE 500 TRI by 15%, targets Rs 500 crore AUM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12b8e180-5fda-442e-89c2-d7d8fe01b375.pdf) |
| 23 Jan - Newspaper publication of financial results for the quarter and nine month ended December 31, 2025 is attached herewith | [Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Jan - Newspaper publication of financial results for the quarter and nine month ended December 31, 2025 is attached herewith](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1fa89106-5d83-4307-a7e4-4315e5a1265a.pdf) |
| 22 Jan - Unaudited Q3 results (Dec 31, 2025); limited review; Shailen R. Shah appointed Group Director KMP effective Jan 22, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting - Results 22 Jan - Unaudited Q3 results (Dec 31, 2025); limited review; Shailen R. Shah appointed Group Director KMP effective Jan 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee1e55fb-6092-4059-8eee-9a26b4a8001e.pdf) |
| 22 Jan - Approved Q3 unaudited standalone/consolidated results (Dec 31, 2025); limited review; Mr. Shailen R. Shah appointed Group Director (Jan 22, 2026). | [Announcement under Regulation 30 (LODR)-Change in Management 22 Jan - Approved Q3 unaudited standalone/consolidated results (Dec 31, 2025); limited review; Mr. Shailen R. Shah appointed Group Director (Jan 22, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43a79b18-8dc9-4f94-a3d3-8671fe2d596d.pdf) |
| 2 Apr - MNCL received SEBI registration for Monarch Mutual Fund and AMC approval on April 2, 2026. | [Receipt Of Mutual Fund License From SEBI 2 Apr - MNCL received SEBI registration for Monarch Mutual Fund and AMC approval on April 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a159cdc-a607-415d-a0e7-9ed4bdf235c2.pdf) |
| 16h - Monarch Networth raises Rs 100 crore for maiden PMS, beats BSE 500 TRI by 15%, targets Rs 500 crore AUM. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 16h - Monarch Networth raises Rs 100 crore for maiden PMS, beats BSE 500 TRI by 15%, targets Rs 500 crore AUM.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/12b8e180-5fda-442e-89c2-d7d8fe01b375.pdf) |
| 10 Mar - GCCO Vaibhav Purohit resigned; resignation dated Dec 12, 2025; relieved effective March 10, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 10 Mar - GCCO Vaibhav Purohit resigned; resignation dated Dec 12, 2025; relieved effective March 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01ccc857-430b-457c-b7fe-3c7c9c8fc4a8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9bd118a2-4879-4942-b263-7a45a92ea5eb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe1b2367-b429-4375-bbf5-165079894833.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98b4033c-2cbb-4267-8dea-c412f35c766d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/74263511551.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/71514511551.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/66573511551.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/5115510319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/5115510318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/5115510317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/511551/5115510316.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 2026-09-13T18:19:34.082Z.