---
title: "Saurashtra Cement Ltd (SAURASHCEM) — Share Price, Financials & Analysis"
symbol: "SAURASHCEM"
company: "Saurashtra Cement Ltd"
canonical: "https://tapetide.com/stocks/SAURASHCEM"
isin: "INE626A01014"
nse_symbol: "SAURASHCEM"
bse_code: "502175"
sector: "Commodities"
industry: "Cement & Cement Products"
market_cap_cr: 610.74
generated_at: "2026-09-13T18:57:36.156Z"
---

# Saurashtra Cement Ltd (SAURASHCEM)

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

## Company

- **NSE Symbol:** SAURASHCEM
- **BSE Code:** 502175
- **ISIN:** INE626A01014
- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-27
- **CEO:** Mr. Mohinderpal Singh Gilotra M.D.
- **Employees:** 809
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mehtagroup.com

## About

Incorporated in 1956, Saurashtra Cement is in the business of manufacturing and selling of Cement and Paints[1]

## Latest Price

- **Price:** ₹54.76
- **Change:** -0.72 (-1.3%)
- **Open:** ₹55.63
- **Day High:** ₹55.84
- **Day Low:** ₹54
- **Previous Close:** ₹55.48
- **Volume:** 60190
- **As Of:** 2026-09-11T09:59:56+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:55.957710Z.

- **Market Cap:** ₹610.74 Cr
- **Classification:** Microcap
- **P/E (reported):** 92.3
- **P/E (TTM):** 91.27
- **EPS (TTM):** ₹0.6
- **EPS (reported):** ₹5.69
- **Book Value:** ₹86.41
- **Price to Book:** 0.64
- **Dividend Yield:** 3.6%
- **ROE:** 1.5%
- **ROCE:** 1.55%
- **Debt to Equity:** 0.11
- **Revenue (yearly):** ₹1684.6 Cr
- **Net Income:** ₹14.4 Cr
- **EBITDA:** ₹71.1 Cr
- **52-Week High:** ₹117.82
- **52-Week Low:** ₹47.65
- **RSI (14):** 42.16

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 36.64 | 9% |
| growth | 44.96 | 9% |
| momentum | 24.62 | 12% |
| ownership | 43.76 | 24% |
| quality | 49.9 | 22% |
| valuation | 43.45 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.63 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.10% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 20.58% | -76.5% | 546.14% |
| ebitda margin growth | -3.7% | 7.65% | -54.03% | -22.43% |
| net income growth | -51.6% | 105.71% | 45% | -21% |
| revenue growth | 2.48% | 8.35% | 0% | 20% |
| roce | 0.07% | -39.45% | -83.28% | 3.19% |
| roe | -51.51% | 102.7% | 2.78% | -41.41% |

## 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 | 374.86 | 446.69 | 497.49 | 385.8 | 296.28 | 377.5 | 478.05 | 423.57 | 385.64 | 410.19 | 446.65 | 456.75 |
| Expenses | 364.3 | 403.55 | 452.51 | 362.68 | 336.11 | 369.71 | 425.31 | 388.76 | 395.37 | 409.25 | 420.18 | 436.03 |
| Operating Profit | 10.56 | 43.14 | 44.98 | 23.12 | -39.83 | 7.79 | 52.74 | 34.81 | -9.73 | 0.94 | 26.47 | 20.72 |
| OPM % | 2.82 | 9.66 | 9.04 | 5.99 | -13.44 | 2.06 | 11.03 | 8.22 | -2.52 | 0.23 | 5.93 | 4.54 |
| Other Income | 2.64 | -11.24 | 24.65 | 5.14 | 4.38 | 3.27 | 13.37 | 5.09 | 4.77 | -1.93 | 0.56 | 5.26 |
| Interest | 2.36 | 1.93 | 2.09 | 3.23 | 4.46 | 3.79 | 2.14 | 2.62 | 2.16 | 3.22 | 2.17 | 2.95 |
| Depreciation | 10.14 | 10.08 | 17.04 | 10.29 | 10.34 | 10.55 | 11.1 | 10.68 | 10.42 | 11 | 12.12 | 11.07 |
| Profit before tax | 0.7 | 19.89 | 50.5 | 14.74 | -50.25 | -3.28 | 52.87 | 26.6 | -17.54 | -15.21 | 12.74 | 11.96 |
| Tax % | -4.29 | 36.8 | 38.46 | 33.18 | -37.45 | 32.93 | 37.73 | 36.62 | -37.4 | -32.35 | -47.8 | 23.66 |
| Net Profit | 0.73 | 12.57 | 31.08 | 9.86 | -31.43 | -4.36 | 32.91 | 16.85 | -10.98 | -10.29 | 18.83 | 9.13 |
| EPS in Rs | 0.07 | 1.13 | 2.8 | 0.89 | -2.83 | -0.39 | 2.96 | 1.51 | -0.99 | -0.92 | 1.69 | 0.82 |

### 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 | 574 | 622 | 608 | 674 | 1451 | 1645 | 1765 | 1538 | 1666 | 1699 |
| Expenses | 523 | 617 | 498 | 559 | 1387 | 1639 | 1635 | 1493 | 1613 | 1661 |
| Operating Profit | 50 | 5 | 110 | 115 | 64 | 7 | 130 | 45 | 53 | 38 |
| OPM % | 9 | 0.8 | 18 | 17 | 4.4 | 0.4 | 7 | 2.9 | 3.2 | 2.3 |
| Other Income | 17 | 11 | -8 | 12 | 16 | 13 | 15 | 25 | 8 | 9 |
| Interest | 3 | 5 | 5 | 4 | 9 | 9 | 8 | 14 | 10 | 10 |
| Depreciation | 18 | 18 | 20 | 20 | 33 | 39 | 47 | 42 | 44 | 45 |
| Profit before tax | 46 | -7 | 77 | 102 | 37 | -29 | 90 | 14 | 7 | -8 |
| Tax % | -34 | -27 | 27 | 29 | 38 | -24 | 37 | 50 | -119 | — |
| Net Profit | 62 | -5 | 57 | 72 | 23 | -22 | 57 | 7 | 14 | 7 |
| EPS in Rs | 9.03 | -0.71 | 8.13 | 10.35 | 3.29 | -3.12 | 5.1 | 0.63 | 1.3 | 0.6 |
| Dividend Payout % | 11 | 0 | 22 | 17 | 0 | 0 | 39 | 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 | 69 | 69 | 69 | 70 | 70 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 291 | 346 | 339 | 381 | 453 | 794 | 771 | 817 | 836 | 850 |
| Borrowings | 17 | 17 | 32 | 31 | 22 | 104 | 66 | 85 | 136 | 107 |
| Other Liabilities | 174 | 142 | 157 | 182 | 181 | 388 | 409 | 558 | 520 | 519 |
| Total Liabilities | 552 | 574 | 597 | 664 | 726 | 1396 | 1357 | 1571 | 1603 | 1588 |
| Fixed Assets | 317 | 334 | 349 | 351 | 345 | 813 | 831 | 872 | 932 | 908 |
| CWIP | 48 | 43 | 37 | 38 | 61 | 78 | 51 | 31 | 31 | 37 |
| Investments | 6 | 6 | 5 | 4 | 8 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 181 | 191 | 206 | 271 | 312 | 505 | 475 | 667 | 641 | 642 |
| Total Assets | 552 | 574 | 597 | 664 | 726 | 1396 | 1357 | 1571 | 1603 | 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 | 34 | 49 | 15 | 63 | 134 | -8 | 21 | 155 | 30 | 36 |
| Cash from Investing Activity | -25 | -37 | -16 | -38 | -121 | -30 | 32 | -157 | -5 | 19 |
| Cash from Financing Activity | -7 | -12 | 3 | -23 | -17 | 31 | -49 | 3 | 27 | -37 |
| Net Cash Flow | 2 | 0 | 2 | 1 | -4 | -7 | 5 | 1 | 52 | 18 |
| Free Cash Flow | 4 | 19 | -17 | 39 | 95 | -53 | -17 | 88 | -54 | 8 |
| CFO/OP | 146 | 116 | 370 | 70 | 130 | 4 | 378 | 125 | 91 | 81 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 11 | 12 | 9 | 21 | 16 | 15 | 17 | 18 | 24 | 22 |
| Inventory Days | 848 | 690 | 703 | — | 524 | — | 451 | 575 | 615 | 402 |
| Days Payable | 737 | 640 | 569 | — | 346 | — | 269 | 448 | 492 | 327 |
| Cash Conversion Cycle | 122 | 62 | 143 | 21 | 194 | 15 | 200 | 146 | 147 | 98 |
| Working Capital Days | -46 | -32 | -42 | -27 | -38 | -29 | -23 | -30 | -36 | -29 |
| ROCE % | 8 | 12 | -1 | 21 | 21 | 6 | -2 | 12 | 2 | 3 |

## 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 | 67.14% | 67.09% | 66.96% | 66.88% | 66.83% | 66.77% | 66.7% | 66.7% | 66.7% | 66.7% | 66.62% | 66.62% |
| FIIs | 0% | 0% | 0% | 0.01% | 0.03% | 0.01% | 0.04% | 0.02% | 0.04% | 0.2% | 0.16% | 0.08% |
| DIIs | 0.28% | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.91% | 22.62% | 23.53% | 23.54% | 23.9% | 23.81% | 23.77% | 24.17% | 23.26% | 23.37% | 23.34% | 24.44% |
| Others | 10.67% | 9.92% | 9.14% | 9.19% | 8.87% | 9.03% | 9.11% | 8.99% | 9.88% | 9.61% | 9.76% | 8.73% |
| No. of Shareholders | 59010 | 53979 | 52990 | 55301 | 53975 | 53315 | 52960 | 52553 | 50661 | 49854 | 49335 | 49179 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 55.89 | Sell |
| EMA (10) | 56.03 | Sell |
| SMA (20) | 56.84 | Sell |
| EMA (20) | 56.89 | Sell |
| SMA (50) | 58.2 | Sell |
| EMA (50) | 58.05 | Sell |
| SMA (100) | 59.06 | Sell |
| EMA (100) | 60.17 | Sell |
| SMA (200) | 65.42 | Sell |
| EMA (200) | 66.23 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.92 | Neutral |
| MACD (12,26,9) | -1.02 | Sell |
| Stochastic (14,3,3) | 12.34 | Buy |
| ADX (14) | 13.25 | Neutral |
| Williams %R (14) | -87.33 | Buy |
| ATR (14) | 2.19 | High Volatility |
| ROC (12) | -7.2 | Sell |
| Stoch RSI (14) | 4.95 | Buy |
| UO (7,14,28) | 43.92 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c936282-189c-4149-85ae-810bf66c88a4.pdf) |
| 2026-08-28 | [Notice Of 68Th Annual General Meeting (AGM") Intimation Of Cutoff Date Closure Of Register Of Shareholders & Share Transfer Books And Information Regarding Remote E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5b7599a-0afb-4b5f-b9d1-450ade785b93.pdf) |
| 2026-08-28 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0dd75405-0411-4409-8dde-034ccce9ac15.pdf) |
| 2026-08-28 | [Notice Of 68Th Annual General Meeting (AGM) Intimation Of Cutoff Date. Closure Of Register Of Shareholders & Share Transfer Books And Information Regarding Remote E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0157920-095f-4073-8442-781735627378.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8547c44-7a24-4d06-a7f4-14be2a299989.pdf) |
| 2026-08-25 | [Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d5798a4-eb80-4fe4-8306-d619f91fcc36.pdf) |
| 2026-08-24 | [Outcome Of Board Meeting Held Today Under Regulation 30 Of SEBI(LODR) Regulation 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ced2dbf0-d87c-4e78-8ebb-ebdf1496f028.pdf) |
| 2026-08-24 | [Re-Appointment Of Mr. M. S. Gilotra As Managing Director (DIN:0015219) For A Further Period Of 1 Year From 01-01-2027 To 31-12-2027 Subject To The Approval Of The Members At The Ensuing AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19f761f3-b0ea-4db6-ab17-e6aa82a41137.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf8d05dd-e285-4436-8fdb-4655290eb2f4.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c908972c-6b49-4682-9845-ee77b7180abb.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-07 | [Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4323b703-f41f-4c45-96df-42efbc605397.pdf) |
| 2026-05-12 | [Results For The Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99f281ae-40db-4375-81fd-69ce8ac6e744.pdf) |
| 2026-02-09 | [Outcome Of The Board Meeting Held On Monday 9Th February 2026 And Submission Of Unaudited Financial Results For The Third Quarter & Nine Months Ended 31St December 2025 In Accordance With The SEBI (Listing](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b1adc18-28e8-4239-9a3b-a5187828c103.pdf) |
| 2025-11-07 | [Outcome Of Board Meeting Held On Friday 7Th November 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30e43f59-e677-42d3-97c5-062b23e3a3b1.pdf) |
| 2025-07-24 | [Sub: Submission Of Unaudited Financial Results For The First Quarter Ended 30Th June 2025 In Accordance With The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ace0639c-5a3b-496c-a3d7-027b16aa0e15.pdf) |
| 2025-05-22 | [Audited Result For The Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bfa99948-c8d0-42af-ad34-7f824c962039.pdf) |
| 2025-02-13 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2024 In Accordance With The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a043d86e-a9f4-420b-865a-bb5c4168438f.pdf) |
| 2024-11-13 | [Results For The Second Quarter & Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b437338c-3844-4fff-abe7-9e06c6000497.pdf) |
| 2024-08-09 | [Unaudited Financial Results For The First Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01ba88b3-730c-479f-906c-56c72602b587.pdf) |
| 2024-05-28 | [Audited Financial Results For The Financial Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3429508d-2f51-48f2-872c-34c2c7137f36.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Unaudited standalone and consolidated results approved for quarter and nine months ended 31 Dec 2025; exceptional Rs 655.73 lakh. | [Outcome Of The Board Meeting Held On Monday, 9Th February 2026 And Submission Of Unaudited Financial Results For The Third Quarter & Nine Months Ended 31St December 2025 In Accordance With The SEBI ('LODR) Regulations, 2015 9 Feb - Unaudited standalone and consolidated results approved for quarter and nine months ended 31 Dec 2025; exceptional Rs 655.73 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80455df2-4cec-48ec-94a3-344c0b6a483a.pdf) |
| 9 Feb - Unaudited Q3 & 9M FY26 results approved; exceptional Rs 655.73 lakh labour-code impact. | [Outcome Of The Board Meeting Held On Monday, 9Th February 2026 And Submission Of Unaudited Financial Results For The Third Quarter & Nine Months Ended 31St December 2025 In Accordance With The SEBI ('LODR) Regulations, 2015 9 Feb - Unaudited Q3 & 9M FY26 results approved; exceptional Rs 655.73 lakh labour-code impact.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b1adc18-28e8-4239-9a3b-a5187828c103.pdf) |
| 9 Feb - Board approved unaudited Q3 and nine-month results to Dec 31, 2025; exceptional ₹655.73 lakh labour-code impact; limited review. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 9Th February 2026 And Submission Of Unaudited Financial Results For The Third Quarter And Nine Months Ended 31St December 2025 9 Feb - Board approved unaudited Q3 and nine-month results to Dec 31, 2025; exceptional ₹655.73 lakh labour-code impact; limited review.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e003c52-77df-4f1b-8620-68c25e1f9b8f.pdf) |
| 9 Apr - In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 please find enclosed herewith certificate received from MUFG Intime India Pvt Ltd … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 please find enclosed herewith certificate received from MUFG Intime India Pvt Ltd …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef0e18de-09e8-4b92-8e57-938f5dfd006d.pdf) |
| 8h - Income tax appeal effect order for A.Y. 2017-18; no material impact on operations or finances. | [Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015 8h - Income tax appeal effect order for A.Y. 2017-18; no material impact on operations or finances.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/143204c5-2041-478e-80b5-48bdaafc8fca.pdf) |
| 8h - Board meeting on 12 May 2026 to consider audited Q4 and FY2026 results; trading window opens 15 May 2026. | [Board Meeting Intimation for Board Meeting 8h - Board meeting on 12 May 2026 to consider audited Q4 and FY2026 results; trading window opens 15 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b5a2eb4-8485-47ab-8c12-a4dd0b72d016.pdf) |
| 7h - Mr. Mahendra Nanjibhai Mehta resigned as Chairman Emeritus effective 23 April 2026 due to ageing and health issues. | [Announcement under Regulation 30 (LODR)-Resignation of Director 7h - Mr. Mahendra Nanjibhai Mehta resigned as Chairman Emeritus effective 23 April 2026 due to ageing and health issues.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a4202d4-8c23-4ebc-b83d-18202e2a0923.pdf) |
| 28 Jan - Board meeting Feb 9, 2026 to consider unaudited Q3 and 9M results; trading window opens Feb 12, 2026. | [Board Meeting Intimation for Regulation 29 And Other Applicable Provisions Of The SEBI (LODR) Regulations, 2015- Intimation Of Board Meeting 28 Jan - Board meeting Feb 9, 2026 to consider unaudited Q3 and 9M results; trading window opens Feb 12, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d63daf96-a6bb-404f-8eea-9d9a785c7ef8.pdf) |
| 27 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited results for year ended 31 Mar 2026. | [Closure of Trading Window 27 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited results for year ended 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb23674a-cd4a-47f4-b6fd-fdf678479876.pdf) |
| 24 Apr - Income tax appeal effect order for A.Y. 2017-18; no material impact on operations or finances. | [Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of SEBI (LODR) Regulations, 2015 24 Apr - Income tax appeal effect order for A.Y. 2017-18; no material impact on operations or finances.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/143204c5-2041-478e-80b5-48bdaafc8fca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9579340b-cceb-47ba-bca9-238beedfbfcb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb37bf75-0077-46d8-85b4-3b03d21a45e1.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3fabdc8-ae79-41ee-9d17-ca06db69755d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/73320502175_01_07_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/69675502175.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/65133502175.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/5021750319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/5021750318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/5021750317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/502175/5021750316.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 2026-09-13T18:57:36.156Z.