---
title: "N R Agarwal Industries Ltd (NRAIL) — Share Price, Financials & Analysis"
symbol: "NRAIL"
company: "N R Agarwal Industries Ltd"
canonical: "https://tapetide.com/stocks/NRAIL"
isin: "INE740D01017"
nse_symbol: "NRAIL"
bse_code: "516082"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 979.11
generated_at: "2026-09-13T18:26:32.848Z"
---

# N R Agarwal Industries Ltd (NRAIL)

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

## Company

- **NSE Symbol:** NRAIL
- **BSE Code:** 516082
- **ISIN:** INE740D01017
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2017-04-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nrail.com

## About

Incorporated in 1993, N. R. Agarwal Industries Ltd manufacturers recycled paper and grey back & white back Duplex Boards[1]

## Latest Price

- **Price:** ₹627.9
- **Change:** +32.6 (+5.48%)
- **Open:** ₹595.3
- **Day High:** ₹634
- **Day Low:** ₹561.65
- **Previous Close:** ₹595.3
- **Volume:** 40702
- **As Of:** 2026-09-11T10:25:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:24.147563Z.

- **Market Cap:** ₹979.11 Cr
- **Classification:** Microcap
- **P/E (reported):** 16.4
- **P/E (TTM):** 17.2
- **EPS (TTM):** ₹36.51
- **Book Value:** ₹479.11
- **Price to Book:** 1.25
- **Dividend Yield:** 0.34%
- **ROE:** 5.36%
- **ROCE:** 8.04%
- **Debt to Equity:** 1.01
- **Revenue (yearly):** ₹2169 Cr
- **Net Income:** ₹43.7 Cr
- **EBITDA:** ₹197.9 Cr
- **52-Week High:** ₹650
- **52-Week Low:** ₹357.3
- **RSI (14):** 63.66

## Tapetide Score

- **Score:** 53 / 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:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 18.06 | 9% |
| growth | 91.11 | 9% |
| momentum | 81.15 | 12% |
| ownership | 43.53 | 24% |
| quality | 60.86 | 22% |
| valuation | 50.66 | 24% |

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

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Company has a low return on equity of 8.57% over last 3 years.
- Dividend payout has been low at 13.8% of profits over last 3 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -46.13% | -29.84% | -0.79% |
| ebitda margin growth | 40.53% | 8.3% | -36.02% | -3.59% |
| net income growth | 146.48% | 146.89% | -22% | -3% |
| revenue growth | 7.76% | 28.31% | 7% | 13% |
| roce | — | 45.13% | -28.72% | 12.13% |
| roe | — | 135.09% | 8.05% | -52.9% |

## 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 | 342 | 336 | 247 | 347 | 428 | 418 | 466 | 452 | 525 | 563 | 605 | 647 |
| Expenses | 294 | 288 | 213 | 319 | 401 | 389 | 438 | 436 | 481 | 506 | 549 | 573 |
| Operating Profit | 48 | 48 | 34 | 28 | 27 | 29 | 28 | 17 | 44 | 57 | 57 | 74 |
| OPM % | 14 | 14 | 14 | 8 | 6 | 7 | 6 | 3.6 | 8 | 10 | 9 | 11 |
| Other Income | 2 | 2 | 3 | 7 | 9 | 14 | 1 | 26 | -10 | 2 | 0 | 6 |
| Interest | 1 | 2 | 5 | 13 | 16 | 16 | 16 | 16 | 17 | 16 | 16 | 16 |
| Depreciation | 9 | 9 | 10 | 16 | 16 | 17 | 16 | 17 | 17 | 17 | 18 | 18 |
| Profit before tax | 39 | 39 | 21 | 6 | 4 | 9 | -3 | 10 | 0 | 26 | 24 | 46 |
| Tax % | 3 | 19 | 25 | 42 | -102 | -37 | 104 | -69 | 359 | 45 | 41 | 24 |
| Net Profit | 38 | 31 | 16 | 3 | 8 | 13 | -7 | 17 | -1 | 14 | 14 | 35 |
| EPS in Rs | 22.22 | 18.47 | 9.2 | 2 | 4.9 | 7.48 | -4.01 | 9.72 | -0.86 | 8.48 | 8.34 | 20.55 |

### 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 | 1190 | 1318 | 1405 | 1146 | 1617 | 1766 | 1293 | 1659 | 2145 | 2340 |
| Expenses | 1033 | 1133 | 1189 | 1013 | 1473 | 1580 | 1113 | 1547 | 1971 | 2108 |
| Operating Profit | 157 | 186 | 216 | 133 | 144 | 186 | 181 | 112 | 175 | 232 |
| OPM % | 13 | 14 | 15 | 12 | 9 | 11 | 14 | 7 | 8 | 10 |
| Other Income | 6 | 7 | 12 | 8 | 10 | 11 | 5 | 31 | 18 | -2 |
| Interest | 40 | 35 | 36 | 30 | 25 | 14 | 11 | 61 | 64 | 65 |
| Depreciation | 26 | 27 | 32 | 33 | 34 | 36 | 37 | 66 | 69 | 70 |
| Profit before tax | 97 | 131 | 161 | 78 | 95 | 148 | 138 | 16 | 60 | 96 |
| Tax % | 7 | 28 | 27 | 26 | 36 | 33 | 9 | -11 | 27 | — |
| Net Profit | 90 | 95 | 117 | 57 | 61 | 99 | 125 | 18 | 44 | 62 |
| EPS in Rs | 53.02 | 55.61 | 68.6 | 33.63 | 35.85 | 58.35 | 73.72 | 10.37 | 25.68 | 36.51 |
| Dividend Payout % | 6 | 7 | 0 | 3 | 0 | 0 | 3 | 39 | 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 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 116 | 202 | 295 | 402 | 459 | 519 | 619 | 743 | 758 | 798 |
| Borrowings | 300 | 289 | 297 | 202 | 195 | 175 | 164 | 579 | 644 | 821 |
| Other Liabilities | 226 | 195 | 196 | 245 | 261 | 290 | 245 | 227 | 351 | 396 |
| Total Liabilities | 659 | 703 | 805 | 865 | 933 | 1001 | 1045 | 1567 | 1770 | 2031 |
| Fixed Assets | 436 | 464 | 526 | 572 | 584 | 501 | 483 | 1135 | 1197 | 1221 |
| CWIP | 25 | 21 | 21 | 20 | 29 | 28 | 122 | 29 | 20 | 227 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 21 | 101 | 13 |
| Other Assets | 197 | 218 | 257 | 273 | 320 | 471 | 439 | 381 | 452 | 571 |
| Total Assets | 659 | 703 | 805 | 865 | 933 | 1001 | 1045 | 1567 | 1770 | 2031 |

### 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 | 91 | 104 | 112 | 191 | 116 | 96 | 129 | 135 | 176 | 95 |
| Cash from Investing Activity | -14 | -47 | -85 | -52 | -48 | -41 | -96 | -548 | -175 | -188 |
| Cash from Financing Activity | -78 | -55 | -29 | -139 | -67 | -55 | -25 | 405 | -1 | 96 |
| Net Cash Flow | -1 | 3 | -2 | 0 | 2 | 0 | 8 | -8 | 0 | 3 |
| Free Cash Flow | 74 | 55 | 25 | 136 | 66 | 54 | 29 | -392 | 66 | -196 |
| CFO/OP | 66 | 82 | 77 | 101 | 97 | 77 | 86 | 84 | 159 | 53 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 33 | 34 | 33 | 31 | 39 | 38 | 29 | 25 | 41 | 42 |
| Inventory Days | 37 | 36 | 50 | 47 | 79 | 56 | 44 | 86 | 61 | 66 |
| Days Payable | 33 | 23 | 31 | 39 | 77 | 56 | 32 | 32 | 84 | 64 |
| Cash Conversion Cycle | 37 | 47 | 51 | 39 | 42 | 38 | 40 | 79 | 18 | 44 |
| Working Capital Days | -3 | -1 | 5 | 15 | 1 | 8 | 29 | 26 | 12 | 10 |
| ROCE % | 28 | 29 | 30 | 32 | 17 | 17 | 22 | 14 | 6 | 8 |

## 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 | 73.96% | 73.96% | 73.96% | 73.96% | 73.96% | 73.96% | 73.96% | 73.96% | 74.11% | 74.11% | 74.29% | 74.29% |
| FIIs | 0.21% | 0.39% | 0.41% | 0.46% | 0.43% | 0.41% | 0.39% | 0.4% | 0.39% | 0.41% | 0.39% | 0.34% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.17% | 0.12% | 0.04% | 0.04% | 0.04% | 0.02% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.21% | 20.47% | 20.4% | 20.26% | 20.46% | 21.02% | 20.97% | 21.26% | 21.45% | 21.48% | 21.75% | 21.78% |
| Others | 4.6% | 5.16% | 5.21% | 5.3% | 5.12% | 4.44% | 4.56% | 4.34% | 4.02% | 3.96% | 3.56% | 3.58% |
| No. of Shareholders | 10562 | 9794 | 9725 | 9559 | 9930 | 9679 | 9710 | 9282 | 8683 | 8233 | 7886 | 7633 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 5 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 565.31 | Buy |
| EMA (10) | 579.08 | Buy |
| SMA (20) | 536.01 | Buy |
| EMA (20) | 550.44 | Buy |
| SMA (50) | 495.15 | Buy |
| EMA (50) | 512.35 | Buy |
| SMA (100) | 479.48 | Buy |
| EMA (100) | 487.62 | Buy |
| SMA (200) | 464.48 | Buy |
| EMA (200) | 456.96 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 68.08 | Neutral |
| MACD (12,26,9) | 32.19 | Buy |
| Stochastic (14,3,3) | 76.36 | Neutral |
| ADX (14) | 41.18 | Buy |
| Williams %R (14) | -13.56 | Sell |
| ATR (14) | 34.67 | High Volatility |
| ROC (12) | 23.29 | Buy |
| Stoch RSI (14) | 65.26 | Neutral |
| UO (7,14,28) | 58.44 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3010730-1c87-4a15-ae9d-447aea97f2d4.pdf) |
| 2026-09-03 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=893f33ac-69bc-4270-b8e1-5d9b12038e9f.pdf) |
| 2026-09-02 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99d56e2b-65c7-4541-8155-257e03de8149.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cead8c7f-76f6-441a-9780-500c70606bc7.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=277d2f83-e9ed-46bc-8ee7-71b82934467d.pdf) |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6da0998-95f2-4986-aadc-be6964411794.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e390a251-ecb2-4540-b759-936324a65b8a.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d52a87e-483e-4966-ba1b-731e9de16dd5.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7be924f1-8d47-42f4-aa0c-603746216fe5.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d02dbca7-25ee-418f-b1f5-166f519e756e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab0e5d83-b55b-442b-86a3-e865a7474a74.pdf) |
| 4 May - Board meets May 12, 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Consideration And Approval Of Audited Financial Statements And Audited Financial Results For The Financial Year Ended March 31, 2026 And Declaration Of Dividend, If Any For The Financial Year Ended March 31, 2026 4 May - Board meets May 12, 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4295fca-092c-4363-b396-9ae38ddea74d.pdf) |
| 4 May - Board meets May 12, 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Consideration And Approval Of Audited Financial Statements And Audited Financial Results For The Financial Year Ended March 31, 2026 And Declaration Of Dividend, If Any For The Financial Year Ended March 31, 2026 4 May - Board meets May 12, 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4295fca-092c-4363-b396-9ae38ddea74d.pdf) |
| 31 Mar - Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which the notice for special window for re-lodgement of transfer and dematerialization requests of … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Mar - Newspaper clipping of Business Standard (English) and Mumbai Lakshadweep (Marathi) in which the notice for special window for re-lodgement of transfer and dematerialization requests of …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d9313bb-2f5f-4a58-b754-f10c5de6f3cc.pdf) |
| 27 Apr - Company confirmed it is not a Large Corporate under SEBI framework as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - Company confirmed it is not a Large Corporate under SEBI framework as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48544ec5-283f-437f-bd71-7e831c4f3981.pdf) |
| 26 Mar - Trading window closed from April 1, 2026 until 48 business hours after board meeting on audited results. | [Closure of Trading Window 26 Mar - Trading window closed from April 1, 2026 until 48 business hours after board meeting on audited results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5048ffb5-9291-4379-97f6-bb1b5053346d.pdf) |
| 26 Mar - Senior General Manager - Accounts and Taxation resigned effective close of March 25, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 26 Mar - Senior General Manager - Accounts and Taxation resigned effective close of March 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e719d34-16ea-4c80-8ebc-04fcb115b6cd.pdf) |
| 26 Feb - GPCB amended CCA allows Unit-I Vapi duplex board capacity increase from 8,000 to 10,000 MT/month (2,000 MT). | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Enhancement Of Production Capacity 26 Feb - GPCB amended CCA allows Unit-I Vapi duplex board capacity increase from 8,000 to 10,000 MT/month (2,000 MT).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16a876d3-6128-46c6-b8ef-a5a010966eb0.pdf) |
| 24 Mar - Re-revised SEBI SAST disclosure correcting promoter encumbrance details; NDA with Axis Bank continues. | [Re revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 24 Mar - Re-revised SEBI SAST disclosure correcting promoter encumbrance details; NDA with Axis Bank continues.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00F75E17_28B5_4DCD_BC1C_4CE8380702CF_193214.pdf) |
| 20 Feb - GIDC approved 2,000 KLPD effluent and 4,000 KLPD water for Unit VI; ₹4.92 crore advance payable. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - Approval For Water Assurance And Effluent Disposal For Unit VI 20 Feb - GIDC approved 2,000 KLPD effluent and 4,000 KLPD water for Unit VI; ₹4.92 crore advance payable.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9134e4f-107c-4d00-98e9-42d6ba6fdfe5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-05 | [Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ac9012f-0436-4e9d-9323-7516a78c8322.pdf) |
| 2026-05-12 | [Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8e2ef04-109c-48d1-aec2-9e1fa90399eb.pdf) |
| 2026-02-11 | [Un-Audited Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c2bbfc6-35c1-429b-8346-c32624864d50.pdf) |
| 2025-11-14 | [Un-Audited Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24d34860-3462-4217-80f8-3f60123367ed.pdf) |
| 2025-08-13 | [Un-Audited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61505e4f-39f9-4ff5-934f-b3fe639b3c15.pdf) |
| 2025-05-28 | [Audited Financial Results For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4a5f97c-6a2e-4486-a957-74e6b681f341.pdf) |
| 2025-02-11 | [Un-Audited Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88587c51-7c0f-45b6-9eca-961458644038.pdf) |
| 2024-11-08 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=702e529a-579d-4daf-9272-76e50d32e0e8.pdf) |
| 2024-08-12 | [Unaudited Financial Results For The Quarter Ended June 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0cb5516-4c5a-445e-b070-f887e5c64ea3.pdf) |
| 2024-05-27 | [Outcome Of The Board Meeting Held On May, 27, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac71019a-ae82-4001-a3d0-33e23beb03d9.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fafb5a38-8fb0-4098-96af-de8ab2fd2211.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a18f544-09ae-4e53-9975-3da78df13ca6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3825109-ab8a-4dc2-b205-9ab48941fd46.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d184e76-bbfa-458d-b2db-a9ba8f36b1fa.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/75594516082_23_09_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/70986516082.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/67153516082.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/5160820319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/5160820318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/516082/5160820317.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2022-05-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88c88bf7-9ccb-47b0-a98d-85379912cd6c.pdf) |
| 2022-02-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fadbef1-3672-4bed-b0d5-96f17b989a59.pdf) |
| 2021-07-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b12bcd7f-93b4-4a93-bfde-1c66dc42d5ed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88c88bf7-9ccb-47b0-a98d-85379912cd6c.pdf) |
| Jul 2021 | [Concall - Jul 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b12bcd7f-93b4-4a93-bfde-1c66dc42d5ed.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fadbef1-3672-4bed-b0d5-96f17b989a59.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a766491-0947-4e4c-9b0d-46d39216e56b.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0a02a58-1406-4334-869f-751fbcf4103a.pdf) |

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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 2026-09-13T18:26:32.848Z.