---
title: "NCL Industries Ltd (NCLIND) — Share Price, Financials & Analysis"
symbol: "NCLIND"
company: "NCL Industries Ltd"
canonical: "https://tapetide.com/stocks/NCLIND"
isin: "INE732C01016"
nse_symbol: "NCLIND"
bse_code: "502168"
sector: "Construction"
industry: "Cement"
market_cap_cr: 791.53
generated_at: "2026-09-13T18:57:42.664Z"
---

# NCL Industries Ltd (NCLIND)

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

## Company

- **NSE Symbol:** NCLIND
- **BSE Code:** 502168
- **ISIN:** INE732C01016
- **Sector:** Construction
- **Industry:** Cement
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2007-04-03
- **CEO:** Mr. Ravi Kalidindi
- **Employees:** 999
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nclind.com

## About

Incorporated in 1979, NCL Industries Ltd manufactures and sells Cement, RMC, CBPB, Doors, and operates 2 SHP projects[1]

## Latest Price

- **Price:** ₹175.05
- **Change:** -1.06 (-0.6%)
- **Open:** ₹176.51
- **Day High:** ₹177.89
- **Day Low:** ₹171.82
- **Previous Close:** ₹176.11
- **Volume:** 60944
- **As Of:** 2026-09-11T09:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:38.186466Z.

- **Market Cap:** ₹791.53 Cr
- **Classification:** Microcap
- **P/E (reported):** 8.7
- **P/E (TTM):** 8.58
- **EPS (TTM):** ₹20.41
- **EPS (reported):** ₹16.6
- **Book Value:** ₹207.86
- **Price to Book:** 0.86
- **Dividend Yield:** 1.99%
- **ROE:** 13.16%
- **ROCE:** 12.26%
- **Debt to Equity:** 0.25
- **Revenue (yearly):** ₹1453.7 Cr
- **Net Income:** ₹123.7 Cr
- **EBITDA:** ₹221.6 Cr
- **52-Week High:** ₹215.22
- **52-Week Low:** ₹147.5
- **RSI (14):** 51.86

## Tapetide Score

- **Score:** 48 / 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:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 38.57 | 9% |
| growth | 35.27 | 9% |
| momentum | 36.6 | 12% |
| ownership | 18.55 | 24% |
| quality | 62.91 | 22% |
| valuation | 81.64 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.84 times its book value
- Company has been maintaining a healthy dividend payout of 23.8%

### Weaknesses

- The company has delivered a poor sales growth of -0.02% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.66% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.60%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 68.18% | -20.7% | 102.39% |
| ebitda margin growth | 12.63% | 67.29% | 12.22% | 15.19% |
| net income growth | -58.57% | 390.87% | 31% | -7% |
| revenue growth | -15.48% | 1.52% | -5% | 0% |
| roce | 23.69% | 136.68% | -12.37% | 11.29% |
| roe | -58.6% | 347.62% | 9.03% | 3.3% |

## 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 | 391 | 433 | 419 | 355 | 330 | 341 | 375 | 335 | 345 | 343 | 400 | 344 |
| Expenses | 352 | 376 | 370 | 319 | 297 | 322 | 351 | 283 | 296 | 306 | 348 | 304 |
| Operating Profit | 39 | 57 | 49 | 36 | 34 | 20 | 24 | 52 | 49 | 37 | 51 | 40 |
| OPM % | 10 | 13 | 12 | 10 | 10 | 6 | 6 | 15 | 14 | 11 | 13 | 12 |
| Other Income | 4 | 3 | 6 | 4 | -7 | 5 | 6 | 3 | -2 | 7 | -12 | 4 |
| Interest | 7 | 6 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
| Depreciation | 13 | 13 | 16 | 13 | 15 | 14 | 14 | 13 | 13 | 14 | 15 | 15 |
| Profit before tax | 23 | 42 | 34 | 21 | 7 | 6 | 10 | 37 | 29 | 24 | 19 | 23 |
| Tax % | 39 | 40 | 28 | 40 | 62 | 41 | 38 | 45 | 32 | 44 | -121 | 26 |
| Net Profit | 14 | 25 | 24 | 13 | 3 | 3 | 6 | 20 | 20 | 13 | 42 | 17 |
| EPS in Rs | 3.06 | 5.55 | 5.35 | 2.86 | 0.59 | 0.74 | 1.42 | 4.47 | 4.36 | 2.93 | 9.31 | 3.81 |

### 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 | 880 | 980 | 938 | 1749 | 2046 | 2044 | 2104 | 1742 | 1747 | 1431 |
| Expenses | 746 | 843 | 797 | 1465 | 1838 | 1895 | 1895 | 1619 | 1555 | 1254 |
| Operating Profit | 134 | 137 | 140 | 284 | 208 | 149 | 209 | 123 | 192 | 177 |
| OPM % | 15 | 14 | 15 | 16 | 10 | 7 | 10 | 7 | 11 | 12 |
| Other Income | 7 | 6 | 3 | 7 | 11 | 19 | 18 | 1 | -7 | -3 |
| Interest | 32 | 37 | 32 | 22 | 25 | 27 | 24 | 23 | 21 | 20 |
| Depreciation | 35 | 45 | 42 | 41 | 45 | 48 | 56 | 54 | 55 | 58 |
| Profit before tax | 74 | 61 | 69 | 228 | 150 | 93 | 148 | 48 | 109 | 95 |
| Tax % | 34 | 23 | 27 | 35 | 34 | 51 | 36 | 47 | 13 | — |
| Net Profit | 49 | 47 | 51 | 149 | 98 | 46 | 94 | 25 | 95 | 92 |
| EPS in Rs | 10.86 | 10.36 | 11.24 | 32.87 | 21.7 | 10.17 | 20.83 | 5.61 | 21.07 | 20.41 |
| Dividend Payout % | 23 | 24 | 1 | 12 | 14 | 30 | 19 | 36 | 17 | — |

### 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 | 37 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 190 | 416 | 454 | 483 | 620 | 699 | 730 | 810 | 819 | 901 |
| Borrowings | 347 | 278 | 336 | 347 | 320 | 335 | 292 | 218 | 252 | 239 |
| Other Liabilities | 210 | 224 | 260 | 278 | 314 | 392 | 441 | 469 | 532 | 403 |
| Total Liabilities | 784 | 962 | 1095 | 1153 | 1299 | 1472 | 1508 | 1542 | 1648 | 1588 |
| Fixed Assets | 385 | 693 | 658 | 695 | 789 | 773 | 986 | 969 | 922 | 1091 |
| CWIP | 152 | 33 | 90 | 90 | 61 | 171 | 28 | 39 | 148 | 2 |
| Investments | 0 | 0 | 0 | 0 | 30 | 50 | 35 | 51 | 50 | 46 |
| Other Assets | 246 | 237 | 346 | 368 | 419 | 477 | 459 | 484 | 528 | 449 |
| Total Assets | 784 | 962 | 1095 | 1153 | 1299 | 1472 | 1508 | 1542 | 1648 | 1588 |

### 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 | 18 | 156 | 71 | 106 | 237 | 106 | 208 | 183 | 96 | 146 |
| Cash from Investing Activity | -161 | -223 | -69 | -78 | -136 | -139 | -101 | -64 | -111 | -108 |
| Cash from Financing Activity | 133 | 70 | 4 | -31 | -52 | -25 | -83 | -110 | -5 | -50 |
| Net Cash Flow | -9 | 4 | 6 | -4 | 49 | -58 | 24 | 9 | -20 | -12 |
| Free Cash Flow | -142 | -66 | 2 | 27 | 101 | -33 | 105 | 118 | -18 | 38 |
| CFO/OP | 28 | 128 | 64 | 89 | 107 | 73 | 168 | 103 | 87 | 96 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 20 | 32 | 56 | 56 | 22 | 30 | 25 | 25 | 28 | 25 |
| Inventory Days | 199 | 240 | 214 | 327 | 173 | 186 | 240 | 217 | 327 | 215 |
| Days Payable | 126 | 146 | 184 | 197 | 121 | 103 | 144 | 110 | 200 | 91 |
| Cash Conversion Cycle | 93 | 127 | 87 | 186 | 75 | 114 | 122 | 132 | 156 | 148 |
| Working Capital Days | 2 | -5 | -4 | -16 | -8 | 17 | 10 | 11 | 6 | 11 |
| ROCE % | 19 | 16 | 12 | 12 | 27 | 17 | 11 | 16 | 8 | 15 |

## 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 | 44.48% | 44.48% | 43.71% | 42.31% | 42.08% | 42.11% | 42.27% | 41.01% | 40.92% | 40.95% | 41.56% | 41.67% |
| FIIs | 4.23% | 4.88% | 5.17% | 5.41% | 5.33% | 5.14% | 5.25% | 5.77% | 4.45% | 3.95% | 3.87% | 3.45% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.39% | 0.03% | 0.03% | 0.03% | 0.09% | 0.08% | 0.16% | 0.19% | 0.03% |
| Government | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 42.58% | 38.78% | 39.23% | 39.48% | 41.25% | 41.44% | 40.78% | 40.95% | 39.85% | 40.04% | 38.54% | 39.05% |
| Others | 8.67% | 11.82% | 11.85% | 12.4% | 11.29% | 11.27% | 11.66% | 12.16% | 14.68% | 14.89% | 15.83% | 15.8% |
| No. of Shareholders | 54349 | 52981 | 53743 | 56142 | 58855 | 58121 | 56558 | 53407 | 50910 | 49403 | 48817 | 48540 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 176.52 | Sell |
| EMA (10) | 176.8 | Sell |
| SMA (20) | 175.72 | Sell |
| EMA (20) | 176.76 | Sell |
| SMA (50) | 179.36 | Sell |
| EMA (50) | 178.47 | Sell |
| SMA (100) | 179.84 | Sell |
| EMA (100) | 180.38 | Sell |
| SMA (200) | 184.12 | Sell |
| EMA (200) | 185.05 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.49 | Neutral |
| MACD (12,26,9) | -0.35 | Buy |
| Stochastic (14,3,3) | 45.59 | Neutral |
| ADX (14) | 22.44 | Neutral |
| Williams %R (14) | -73.48 | Neutral |
| ATR (14) | 4.93 | Neutral |
| ROC (12) | -3.74 | Sell |
| Stoch RSI (14) | 24.04 | Neutral |
| UO (7,14,28) | 51.35 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 9h - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/584724ab-d77b-49b4-b4ae-8a290b934086.pdf) |
| 8h - Promoter Kalidindi Ravi acquired 3,000 shares (0.01%) on 18-19 Mar 2026; stake now 6.83% | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 8h - Promoter Kalidindi Ravi acquired 3,000 shares (0.01%) on 18-19 Mar 2026; stake now 6.83%](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9EF36F67_B919_4863_BD08_044F440A9B4F_185519.pdf) |
| 8 Apr - Dear Sir/Madam Please take this intimation on record. Thanks Compliance Officer | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Dear Sir/Madam Please take this intimation on record. Thanks Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a55146a3-6bf4-413f-b1ef-98f012a5fbb0.pdf) |
| 4 Apr - Newspaper ad published for special window to re-lodge transfer requests of physical shares. | [Disclosure under Regulation 30A of LODR 4 Apr - Newspaper ad published for special window to re-lodge transfer requests of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2fbd3354-6c31-423f-abde-7ed5046d4eef.pdf) |
| 3h - RTA notified loss of share certificate(s); request for duplicate certificates under Reg.39(3), dated 26.03.2026. | [Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3h - RTA notified loss of share certificate(s); request for duplicate certificates under Reg.39(3), dated 26.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/58ecd053-cc4e-45e5-92f4-f0189515accc.pdf) |
| 2d - Promoter/promoter group disclosed acquisition of company shares through open market on March 7, 2026. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d - Promoter/promoter group disclosed acquisition of company shares through open market on March 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/F5E5B0CA_4D1B_4941_830F_2A7069583E07_140609.pdf) |
| 27 Apr - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 27 Apr - Submitted Secretarial Compliance Report for FY2025-26; no non-compliances observed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/584724ab-d77b-49b4-b4ae-8a290b934086.pdf) |
| 24 Apr - CRISIL renewed ratings for ₹561 crore bank loans and ₹100 crore fixed deposits. | [Announcement under Regulation 30 (LODR)-Credit Rating 24 Apr - CRISIL renewed ratings for ₹561 crore bank loans and ₹100 crore fixed deposits.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/965f27e8-605c-43c0-9f3e-06c3c1c2a794.pdf) |
| 21 Apr - NCL Industries says it is not a Large Corporate; outstanding borrowing Rs.139.23 crore as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 21 Apr - NCL Industries says it is not a Large Corporate; outstanding borrowing Rs.139.23 crore as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd88e154-e2ec-4eeb-9c18-38cafcf37127.pdf) |
| 21 Apr - NCL Industries says it is not a Large Corporate as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 21 Apr - NCL Industries says it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef7d89da-22af-48d6-8bce-4b26b30905a2.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2C6134A6_B090_46AF_9AF1_087F49760A24_114725.pdf) |
| 2026-09-09 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0FD1C5E4_D0FA_4C6D_BB8F_2C97216D4FB7_114951.pdf) |
| 2026-09-09 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A27F7E35_BB09_440D_9054_59EDA7BFFEB3_115054.pdf) |
| 2026-09-09 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36318481_F140_452C_85ED_A01FECAC866C_115155.pdf) |
| 2026-09-08 | [Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4258f2a8-2a1d-4d6a-b502-1e0116d7de55.pdf) |
| 2026-09-07 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4D5F82C2_D48A_42ED_A348_7B918EDB6984_153437.pdf) |
| 2026-09-04 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16DD1E32_C56D_42F9_8B8D_05092ECFD25E_175101.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A5B7EA77_D215_4D89_9C64_E7E0B266740A_103545.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D7A34ACB_2EF7_401B_8284_DA0AC0DA98A2_103707.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26CFFD6C_9F28_4584_AE5B_208595F9C810_103427.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Results For FY Ended 31 March 2O26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b9c202d-5abf-433e-b172-3bbbad17779b.pdf) |
| 2025-05-30 | [Audited Financial Results-FY2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbddc80c-21de-4628-8eaf-b80b07df1fa2.pdf) |
| 2024-05-10 | [Audited Financial Results Year Ended 31St March,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c961a040-2c9d-4db1-b165-244cabbb7a12.pdf) |
| 2024-02-09 | [Board Meeting Outcome for Q3 Financial Results FY2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=efd1f5df-dbdc-4c91-8da4-360cd43f8cc1.pdf) |
| 2023-05-26 | [Board Meeting Outcome for Audited Financial Results -Q4 & FY Ended 31St March,2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63062238-1dc4-4e4f-a2a8-412b51858858.pdf) |
| 2023-02-10 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=10462e38-54e9-4841-95ae-768a07cc62c0.pdf) |
| 2022-11-11 | [Board Meeting Outcome for OUTCOME OF BOARD Meeting 11Th November,2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a99d4188-2eea-4146-9120-0164390480d4.pdf) |
| 2022-08-13 | [Board Meeting Outcome for Outcome Of The Board Meeting 13Th August 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad7e48fd-c8e9-4422-a221-f327e0f7e83b.pdf) |
| 2022-05-30 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bcceb37-7463-46b9-a377-ab57f6de8a45.pdf) |
| 2022-02-11 | [Board Meeting Outcome for Outome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=771dae27-624f-4c45-a720-dbbc190f8d37.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1544_NCLIND_2012_2013_10092013150049.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad2fa4de-e00d-4d37-82e8-6489620bf825.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/128dc809-6e0d-43cb-9738-436adb6b1ba1.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea6a000e-5ca3-4fea-82b6-63371c9038be.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/76144502168.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/71491502168.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/66900502168_19_09_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/5021680319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/5021680318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/502168/5021680317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91e15316-603b-47a1-9818-477ce216610c.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/91e15316-603b-47a1-9818-477ce216610c.pdf) |
| Jun 2018 | [Concall - Jun 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79763fed-0be4-4582-80d9-b9be5892e815.pdf) |
| Jun 2018 | [Concall - Jun 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/6/79763fed-0be4-4582-80d9-b9be5892e815.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 2026-09-13T18:57:42.664Z.