---
title: "TGB Banquets & Hotels Ltd (TGBHOTELS) — Share Price, Financials & Analysis"
symbol: "TGBHOTELS"
company: "TGB Banquets & Hotels Ltd"
canonical: "https://tapetide.com/stocks/TGBHOTELS"
isin: "INE797H01018"
nse_symbol: "TGBHOTELS"
bse_code: "532845"
sector: "Consumer Discretionary"
industry: "Leisure Services"
market_cap_cr: 27.62
generated_at: "2026-09-13T20:07:58.726Z"
---

# TGB Banquets & Hotels Ltd (TGBHOTELS)

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

## Company

- **NSE Symbol:** TGBHOTELS
- **BSE Code:** 532845
- **ISIN:** INE797H01018
- **Sector:** Consumer Discretionary
- **Industry:** Leisure Services
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2007-05-17
- **CEO:** Mr. Narendra Gurmukhdas Somani B.Com
- **Employees:** 110
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tgbhotels.com

## About

Incorporated in 1999, TGB Banquets & Hotels Ltd provides restaurants, banquets and hotel services.[1]

## Latest Price

- **Price:** ₹9.7
- **Change:** -0.16 (-1.62%)
- **Open:** ₹9.86
- **Day High:** ₹9.9
- **Day Low:** ₹9.31
- **Previous Close:** ₹9.86
- **Volume:** 42580
- **As Of:** 2026-09-11T09:59:20+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:23.444335Z.

- **Market Cap:** ₹27.62 Cr
- **Classification:** Microcap
- **P/E (reported):** 19.6
- **P/E (TTM):** 19.8
- **EPS (TTM):** ₹0.49
- **EPS (reported):** ₹0
- **Book Value:** ₹26.48
- **Price to Book:** 0.36
- **Dividend Yield:** 0%
- **ROE:** 0.85%
- **ROCE:** 1.5%
- **Debt to Equity:** 0.16
- **Revenue (yearly):** ₹53.9 Cr
- **Net Income:** ₹0.9 Cr
- **EBITDA:** ₹4.7 Cr
- **52-Week High:** ₹13.4
- **52-Week Low:** ₹7.5
- **RSI (14):** 57.62

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.13 | 9% |
| growth | 39.51 | 9% |
| momentum | 71.73 | 12% |
| ownership | 50 | 24% |
| quality | 38.03 | 22% |
| valuation | 48.98 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.37 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 31.2%
- Tax rate seems low
- Company has a low return on equity of 0.04% over last 3 years.
- Contingent liabilities of Rs.17.7 Cr.
- Promoters have pledged 30.4% of their holding.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 100.75% | -98.63% | -96.6% |
| ebitda margin growth | -190% | -116.93% | -158.76% | -48.95% |
| net income growth | -375% | -101.66% | 7% | 19% |
| revenue growth | -96.15% | -33.62% | 0% | 21% |
| roce | 192.98% | -103.64% | -128.96% | -7.97% |
| roe | 368.29% | -101.57% | -17.43% | -106.39% |

## 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 | 8.73 | 10.78 | 8.88 | 7.07 | 8.61 | 10.23 | 11.59 | 8.87 | 8.61 | 10.57 | 10.43 | 8.33 |
| Expenses | 7.25 | 8.55 | 15.36 | 5.7 | 7.02 | 7.92 | 10.4 | 7.22 | 7.08 | 8.51 | 8.73 | 6.9 |
| Operating Profit | 1.48 | 2.23 | -6.48 | 1.37 | 1.59 | 2.31 | 1.19 | 1.65 | 1.53 | 2.06 | 1.7 | 1.43 |
| OPM % | 16.95 | 20.69 | -72.97 | 19.38 | 18.47 | 22.58 | 10.27 | 18.6 | 17.77 | 19.49 | 16.3 | 17.17 |
| Other Income | 0.39 | 0.12 | 3.44 | 0.29 | 0.22 | 0.12 | 1.56 | 0.23 | 0.35 | 0.27 | 0.31 | 0.38 |
| Interest | 0.35 | 0.39 | 0.31 | 0.24 | 0.32 | 0.45 | 0.45 | 0.39 | 0.36 | 0.36 | 0.35 | 0.31 |
| Depreciation | 1.34 | 1.3 | 1.2 | 1.28 | 1.28 | 1.29 | 1.4 | 1.31 | 1.31 | 1.31 | 1.31 | 1.3 |
| Profit before tax | 0.18 | 0.66 | -4.55 | 0.14 | 0.21 | 0.69 | 0.9 | 0.18 | 0.21 | 0.66 | 0.35 | 0.2 |
| Tax % | 0 | 0 | 0.44 | 0 | 0 | 0 | -2.22 | 0 | 0 | 0 | -11.43 | 0 |
| Net Profit | 0.18 | 0.66 | -4.57 | 0.14 | 0.21 | 0.68 | 0.91 | 0.18 | 0.21 | 0.66 | 0.38 | 0.19 |
| EPS in Rs | 0.06 | 0.23 | -1.56 | 0.05 | 0.07 | 0.23 | 0.31 | 0.06 | 0.07 | 0.23 | 0.13 | 0.06 |

### 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 | 118.74 | 80.8 | 33.58 | 14.79 | 26.78 | 38.38 | 36.33 | 37.49 | 38.48 | 37.94 |
| Expenses | 141.31 | 123.01 | 49.13 | 17.53 | 35.86 | 33.7 | 36.85 | 30.64 | 31.03 | 31.22 |
| Operating Profit | -22.57 | -42.21 | -15.55 | -2.74 | -9.08 | 4.68 | -0.52 | 6.85 | 7.45 | 6.72 |
| OPM % | -19.01 | -52.24 | -46.31 | -18.53 | -33.91 | 12.19 | -1.43 | 18.27 | 19.36 | 17.71 |
| Other Income | 18.18 | 0.39 | 20.31 | -2.28 | -8.82 | 3.81 | 3.93 | 2.15 | 0.91 | 1.31 |
| Interest | 3.42 | 1.54 | 1.28 | 1.34 | 1.86 | 1.87 | 1.82 | 1.81 | 1.72 | 1.38 |
| Depreciation | 4.94 | 2.75 | 3.06 | 2 | 3.63 | 5.18 | 5.13 | 5.26 | 5.24 | 5.23 |
| Profit before tax | -12.75 | -46.11 | 0.42 | -8.36 | -23.39 | 1.44 | -3.54 | 1.93 | 1.4 | 1.42 |
| Tax % | -104.24 | 17.65 | -104.76 | -1.44 | -12.87 | 5.56 | 0.56 | -1.04 | -2.86 | — |
| Net Profit | 0.54 | -54.25 | 0.86 | -8.25 | -20.37 | 1.36 | -3.56 | 1.94 | 1.43 | 1.44 |
| EPS in Rs | 0.18 | -18.52 | 0.29 | -2.82 | -6.96 | 0.46 | -1.22 | 0.66 | 0.49 | 0.49 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 | 29.29 |
| Reserves | 127.46 | 128.3 | 74.39 | 75.58 | 67.07 | 46.92 | 48.3 | 44.85 | 46.8 | 48.27 |
| Borrowings | 102.54 | 12.18 | 11.32 | 12.98 | 11.57 | 20.55 | 15.88 | 7.58 | 15.99 | 12.45 |
| Other Liabilities | 105.71 | 74.29 | 66.16 | 46.91 | 55.68 | 37.33 | 32.09 | 27.72 | 24.26 | 22.25 |
| Total Liabilities | 365 | 244.06 | 181.16 | 164.76 | 163.61 | 134.09 | 125.56 | 109.44 | 116.34 | 112.26 |
| Fixed Assets | 221.93 | 78.01 | 73.81 | 70.84 | 68.85 | 20.48 | 14.96 | 11.11 | 21.1 | 16.28 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 138.07 | 161.05 | 102.35 | 88.92 | 94.76 | 113.61 | 110.6 | 98.33 | 95.24 | 95.98 |
| Total Assets | 365 | 244.06 | 181.16 | 164.76 | 163.61 | 134.09 | 125.56 | 109.44 | 116.34 | 112.26 |

### 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 | 31.48 | -55.46 | -2.16 | -3.29 | -0.29 | -42.44 | 4.9 | 10.22 | 10.51 | 0.43 |
| Cash from Investing Activity | 0.02 | 149.84 | 0.26 | 0.33 | 1.65 | 50.21 | 0.04 | -0.22 | -0.52 | 3.85 |
| Cash from Financing Activity | -28.58 | -94.85 | 0.05 | 0.58 | -2.13 | -7.47 | -5.35 | -10.22 | -8.07 | -5.78 |
| Net Cash Flow | 2.91 | -0.47 | -1.86 | -2.38 | -0.78 | 0.31 | -0.41 | -0.22 | 1.91 | -1.49 |
| Free Cash Flow | 31.07 | 97.23 | -2.99 | -3.26 | 0.94 | 7.41 | 4.6 | 9.09 | 9.85 | 0 |
| CFO/OP | 134 | 230 | -9 | 17 | 7 | 459 | 112 | -1965 | 159 | 10 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103.82 | 141.99 | 37.31 | 115.65 | 250.49 | 150.06 | 81.31 | 61.59 | 69.61 | 81.48 |
| Inventory Days | 274.65 | 218.82 | 205.59 | 150.27 | 278.95 | 146.69 | 93.07 | 121.48 | 169.48 | 216.78 |
| Days Payable | 217.91 | 230.62 | 198.19 | 535.04 | 1039.78 | 409.76 | 205.36 | 132.45 | 184.76 | 153.77 |
| Cash Conversion Cycle | 160.56 | 130.19 | 44.72 | -269.12 | -510.34 | -113.01 | -30.98 | 50.62 | 54.33 | 144.49 |
| Working Capital Days | -40.3 | 206.81 | 97.48 | 336.96 | 698.41 | 698.24 | 517.35 | 552.37 | 543.75 | 549.49 |
| ROCE % | 3.2 | -10.74 | -31.3 | 1.35 | -2.9 | -12.06 | 3.48 | -1.97 | 4.35 | 3.7 |

## 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 | 31.71% | 31.71% | 31.71% | 31.71% | 31.23% | 31.23% | 31.23% | 31.23% | 31.23% | 31.23% | 31.23% | 31.23% |
| FIIs | 0% | 0% | 0% | 0% | 0.23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 55.76% | 54.89% | 53.82% | 54.07% | 54.94% | 55.27% | 55.41% | 55.8% | 55.78% | 55.8% | 55.36% | 55.33% |
| Others | 12.53% | 13.4% | 14.47% | 14.22% | 13.61% | 13.5% | 13.36% | 12.97% | 13% | 12.98% | 13.41% | 13.44% |
| No. of Shareholders | 10346 | 11708 | 11579 | 11974 | 12138 | 12178 | 12326 | 12382 | 12478 | 12307 | 12179 | 12071 |

## 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 / 6 / 0

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 9.66 | Buy |
| EMA (10) | 9.62 | Buy |
| SMA (20) | 9.51 | Buy |
| EMA (20) | 9.53 | Buy |
| SMA (50) | 9.24 | Buy |
| EMA (50) | 9.36 | Buy |
| SMA (100) | 9.24 | Buy |
| EMA (100) | 9.31 | Buy |
| SMA (200) | 9.32 | Buy |
| EMA (200) | 9.57 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.32 | Neutral |
| MACD (12,26,9) | 0.12 | Buy |
| Stochastic (14,3,3) | 64.09 | Neutral |
| ADX (14) | 32.6 | Buy |
| Williams %R (14) | -40.72 | Neutral |
| ATR (14) | 0.69 | High Volatility |
| ROC (12) | 4.64 | Buy |
| Stoch RSI (14) | 60 | Neutral |
| UO (7,14,28) | 44.62 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff8a3522-cf44-47c3-94ce-262f5a875485.pdf) |
| 2026-08-21 | [Notice Of 27Th Annual General Meeting Of The Company For F.Y. 2025-26 Held On 15.09.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=381aedde-908a-42d4-a95c-1ae5025c7450.pdf) |
| 2026-08-21 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d76fd398-8850-421a-b65e-24e4e62e08d4.pdf) |
| 2026-08-21 | [Intimation Under Regulation 36 Of The SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12752213-7d00-46d7-8179-8c027138361c.pdf) |
| 2026-08-21 | [Intimation Under Regulation 36 Of The SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c514c92-cfc4-4729-b4e5-ae39c21be7b9.pdf) |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4ffc822-2e38-4cfb-8b78-dc7b0e58f35f.pdf) |
| 2026-07-27 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83e8a9a9-d801-40ac-a9bc-ae05bcf1ad96.pdf) |
| 2026-07-27 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b930e4c5-4f31-4200-a3ce-1c986a8c606a.pdf) |
| 2026-07-18 | [Board Meeting Intimation for BM To Be Held On 27.07.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d69694ba-4042-425b-8740-ea680d31960a.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=394cb752-3ab4-4f61-a35e-3fcb1c0e0b13.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-27 | [Financial Result For Quarter Ended On 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7155aed-270c-48cb-ad74-eddc1fb188f7.pdf) |
| 2026-05-18 | [Financial Result For 31.03.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab81be84-9e88-47d2-b3f8-27e160bc4e80.pdf) |
| 2026-02-13 | [Financial Result For Quarter And Nine Months Ended On 31.12.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a47babf-1e63-4a01-be6d-57a128f65482.pdf) |
| 2025-11-13 | [Results For The Quarter And Half Year Ended On 30.09.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a451ad4e-720d-4c5d-9fcc-a770870452af.pdf) |
| 2025-08-13 | [Financial Results For 30.06.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8592c3c4-e2ca-466c-b0ff-82b89950cd3d.pdf) |
| 2025-08-13 | [Revised Financial Result 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49a9ad9d-7f60-44bb-b30c-a8b905851f79.pdf) |
| 2025-05-26 | [Financial Result 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e7cc907-515f-4065-8a29-069926152753.pdf) |
| 2025-02-11 | [Financial Result For Quarter And Nine Month Ended On 31.12.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f24be70e-061e-49f1-a709-0e100e764dcc.pdf) |
| 2024-11-13 | [Financial Result For Quarter And Half Year Ended On September, 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90489ae8-1700-4925-aae7-161554e6fd8c.pdf) |
| 2024-08-14 | [Financial Results For Quarter Ended 30.06.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0fba2240-aa21-4006-a95b-5b65d11fc832.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Attachment of Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for Quarter ended on 31.03.2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Attachment of Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for Quarter ended on 31.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8371a684-8258-4048-9e83-165699863e82.pdf) |
| 25 Mar - Trading window closed from April 1, 2026 until 48 hours after audited Q4/FY2026 results announcement. | [Closure of Trading Window 25 Mar - Trading window closed from April 1, 2026 until 48 hours after audited Q4/FY2026 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d0373c7-e196-41ee-a193-b6cf68650f74.pdf) |
| 23 Apr - Company not a Large Corporate for FY 2025-26; annual debt disclosure not required. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 23 Apr - Company not a Large Corporate for FY 2025-26; annual debt disclosure not required.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7de252a-00e0-439f-899d-05212f772c45.pdf) |
| 22 Apr - TGB Banquets says it is not a Large Corporate; outstanding borrowing Rs 6.29 crore as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 22 Apr - TGB Banquets says it is not a Large Corporate; outstanding borrowing Rs 6.29 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9ffb200-58f0-4cbd-9c9b-102eb12c9df1.pdf) |
| 2 Mar - CARE reaffirms CARE B+; Stable for Rs 5.28 crore bank facilities (Feb 27, 2026). | [Announcement under Regulation 30 (LODR)-Credit Rating 2 Mar - CARE reaffirms CARE B+; Stable for Rs 5.28 crore bank facilities (Feb 27, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8199802c-a53a-4353-a50a-f93341ec3020.pdf) |
| 16 Feb - Corrigendum correcting typo in CFO appointment; Mr. Prakash Shrivastav appointed effective 13 February 2026. | [Corrigendum For Typographical Error In The Outcome Of Board Meeting Held On Friday, 13.02.2026 And Announcement Made Under Regulation 30 For Change In Management 16 Feb - Corrigendum correcting typo in CFO appointment; Mr. Prakash Shrivastav appointed effective 13 February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16e9836e-ad2b-4c48-807b-572edd60bddb.pdf) |
| 13h - TGB Banquets says it is not a Large Corporate; outstanding borrowing Rs 6.29 crore as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 13h - TGB Banquets says it is not a Large Corporate; outstanding borrowing Rs 6.29 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f9ffb200-58f0-4cbd-9c9b-102eb12c9df1.pdf) |
| 13 Feb - Unaudited Q3/9M results approved; Prakash Shrivastav appointed CFO effective Feb 13, 2026. | [Financial Result For Quarter And Nine Months Ended On 31.12.2025. 13 Feb - Unaudited Q3/9M results approved; Prakash Shrivastav appointed CFO effective Feb 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a47babf-1e63-4a01-be6d-57a128f65482.pdf) |
| 13 Feb - Approved Q3/9M FY26 unaudited results; appointed Prakash Shrivastav as CFO effective Feb 13, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 13 Feb - Approved Q3/9M FY26 unaudited results; appointed Prakash Shrivastav as CFO effective Feb 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85523695-8cb9-452d-a5e3-47fc9e1f661c.pdf) |
| 12h - Company not a Large Corporate for FY 2025-26; annual debt disclosure not required. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 12h - Company not a Large Corporate for FY 2025-26; annual debt disclosure not required.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7de252a-00e0-439f-899d-05212f772c45.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_BHAGWATIHO_2011_2012_14092012073344.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd646162-9e49-446a-a7e7-4ca71e0cf6da.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2823f335-3fe7-4336-b9c5-c12f0a80ba5e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6863b34b-d5a6-4d3a-9c99-b58bec99cbda.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/76613532845.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/71652532845.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/67756532845.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/5328450319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/5328450318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532845/5328450317.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 2026-09-13T20:07:58.726Z.