---
title: "Vaswani Industries Ltd (VASWANI) — Share Price, Financials & Analysis"
symbol: "VASWANI"
company: "Vaswani Industries Ltd"
canonical: "https://tapetide.com/stocks/VASWANI"
isin: "INE590L01019"
nse_symbol: "VASWANI"
bse_code: "533576"
sector: "Commodities"
industry: "Ferrous Metals"
market_cap_cr: 151.68
generated_at: "2026-09-13T19:20:07.312Z"
---

# Vaswani Industries Ltd (VASWANI)

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

## Company

- **NSE Symbol:** VASWANI
- **BSE Code:** 533576
- **ISIN:** INE590L01019
- **Sector:** Commodities
- **Industry:** Ferrous Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2011-09-20
- **CEO:** Mr. Yashwant Ravi Vaswani
- **Employees:** 328
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vaswaniindustries.com

## About

Incorporated in 2003, Vasvani Industries Ltd is in the business of Iron & Steel and Power Generation[1]

## Latest Price

- **Price:** ₹45.88
- **Change:** -0.53 (-1.14%)
- **Open:** ₹46.01
- **Day High:** ₹47.99
- **Day Low:** ₹45.67
- **Previous Close:** ₹46.41
- **Volume:** 13498
- **As Of:** 2026-09-11T09:59:01+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:26.337250Z.

- **Market Cap:** ₹151.68 Cr
- **Classification:** Microcap
- **P/E (reported):** -2305
- **EPS (TTM):** ₹-0.02
- **Book Value:** ₹43.23
- **Price to Book:** 1.07
- **Dividend Yield:** 0%
- **ROE:** 6.26%
- **ROCE:** 8.16%
- **Debt to Equity:** 1.85
- **Revenue (yearly):** ₹467.37 Cr
- **Net Income:** ₹14 Cr
- **EBITDA:** ₹40.11 Cr
- **52-Week High:** ₹69.99
- **52-Week Low:** ₹44.5
- **RSI (14):** 39.54

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 95%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 24.4 | 9% |
| growth | 45.91 | 9% |
| momentum | 35.81 | 12% |
| ownership | 54.58 | 24% |
| quality | 50.04 | 22% |
| valuation | 28.01 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 1.01 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.26% over past five years.
- Company has a low return on equity of 6.23% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 11.92% | 14.8% | 19.72% |
| ebitda margin growth | -22.22% | 21.91% | 40.72% | 62.93% |
| net income growth | -19.35% | 62.79% | -11% | 1% |
| revenue growth | 1.21% | 12.89% | 6% | 8% |
| roce | — | -40.52% | -44.26% | 12.27% |
| roe | — | -15.75% | 6.34% | 57.68% |

## 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 | 87.11 | 118.32 | 90.36 | 91.74 | 102.16 | 102.34 | 115.4 | 114.28 | 85.01 | 124.19 | 143.89 | 117.79 |
| Expenses | 83.49 | 112.48 | 83.76 | 86.48 | 96.19 | 96.72 | 105.52 | 104.59 | 78.76 | 120.7 | 123.2 | 103.74 |
| Operating Profit | 3.62 | 5.84 | 6.6 | 5.26 | 5.97 | 5.62 | 9.88 | 9.69 | 6.25 | 3.49 | 20.69 | 14.05 |
| OPM % | 4.16 | 4.94 | 7.3 | 5.73 | 5.84 | 5.49 | 8.56 | 8.48 | 7.35 | 2.81 | 14.38 | 11.93 |
| Other Income | 0.4 | 0.46 | 0.6 | 0.32 | 0.21 | 0.32 | -2.01 | 0.31 | 0.24 | 0.09 | 0.19 | 0.62 |
| Interest | 1.9 | 2.14 | 1.62 | 1.09 | 1.25 | 2.01 | 3.64 | 3.17 | 3.41 | 4.2 | 6.79 | 6.16 |
| Depreciation | 0.94 | 0.95 | 0.95 | 0.93 | 0.94 | 1.41 | 1.11 | 1.47 | 1.44 | 2.26 | 4.19 | 3.97 |
| Profit before tax | 1.18 | 3.21 | 4.63 | 3.56 | 3.99 | 2.52 | 3.12 | 5.36 | 1.64 | -2.88 | 9.9 | 4.54 |
| Tax % | 28.81 | 28.04 | 33.05 | 29.21 | 41.35 | 29.76 | 36.22 | -2.05 | 17.68 | 176.74 | 45.56 | 74.45 |
| Net Profit | 0.85 | 2.32 | 3.1 | 2.52 | 2.33 | 1.77 | 1.99 | 5.47 | 1.34 | -7.96 | 5.39 | 1.16 |
| EPS in Rs | 0.28 | 0.77 | 1.03 | 0.84 | 0.78 | 0.56 | 0.63 | 1.75 | 0.41 | -2.42 | 1.64 | 0.35 |

### 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 | 237 | 319 | 352 | 314 | 374 | 390 | 389 | 412 | 467 | 471 |
| Expenses | 221 | 301 | 339 | 296 | 355 | 369 | 366 | 385 | 427 | 426 |
| Operating Profit | 16 | 18 | 14 | 18 | 19 | 21 | 22 | 27 | 40 | 44 |
| OPM % | 7 | 5 | 3.9 | 6 | 5 | 5 | 6 | 7 | 9 | 9 |
| Other Income | 0 | 1 | 2 | 0 | 1 | 2 | 2 | -1 | 1 | 1 |
| Interest | 9 | 10 | 10 | 9 | 9 | 9 | 8 | 8 | 18 | 21 |
| Depreciation | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 9 | 12 |
| Profit before tax | 3 | 3 | 0 | 5 | 7 | 11 | 12 | 13 | 14 | 13 |
| Tax % | -78 | 65 | 1681 | 21 | 39 | 44 | 27 | 35 | 70 | — |
| Net Profit | 5 | 1 | -3 | 4 | 4 | 6 | 9 | 9 | 4 | 0 |
| EPS in Rs | 1.5 | 0.39 | -0.84 | 1.35 | 1.47 | 2 | 3.01 | 2.74 | 1.29 | -0.02 |
| 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 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 31 | 33 |
| Reserves | 56 | 57 | 63 | 68 | 72 | 77 | 83 | 92 | 106 | 117 |
| Borrowings | 42 | 48 | 51 | 53 | 42 | 53 | 36 | 33 | 156 | 277 |
| Other Liabilities | 31 | 36 | 55 | 45 | 53 | 57 | 53 | 34 | 68 | 81 |
| Total Liabilities | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 | 508 |
| Fixed Assets | 62 | 57 | 54 | 59 | 56 | 54 | 51 | 52 | 112 | 335 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 67 | 9 |
| Investments | 7 | 2 | 7 | 7 | 7 | 7 | 7 | 7 | 2 | 3 |
| Other Assets | 91 | 111 | 137 | 129 | 133 | 156 | 143 | 126 | 180 | 162 |
| Total Assets | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 | 508 |

### 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 | 4 | 4 | 9 | 10 | 29 | 0 | 30 | 31 | 34 | 18 |
| Cash from Investing Activity | 0 | -1 | -2 | -1 | -1 | -2 | -1 | -9 | -134 | -158 |
| Cash from Financing Activity | -9 | -3 | -7 | -8 | -21 | 2 | -26 | -11 | 122 | 111 |
| Net Cash Flow | -5 | 0 | 1 | 1 | 7 | 1 | 4 | 11 | 22 | -29 |
| Free Cash Flow | 3 | 3 | 7 | 9 | 28 | -2 | 29 | 22 | -93 | -156 |
| CFO/OP | 24 | 23 | 54 | 71 | 156 | 0 | 140 | 147 | 132 | 50 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 38 | 63 | 49 | 56 | 62 | 49 | 46 | 17 | 7 | 12 |
| Inventory Days | 59 | 67 | 94 | 89 | 69 | 48 | 59 | 54 | 73 | 88 |
| Days Payable | 49 | 55 | 76 | 68 | 52 | 47 | 42 | 23 | 47 | 51 |
| Cash Conversion Cycle | 48 | 76 | 67 | 76 | 79 | 50 | 62 | 49 | 34 | 48 |
| Working Capital Days | 11 | 25 | 30 | 31 | 42 | 31 | 42 | 44 | 9 | 20 |
| ROCE % | 8 | 9 | 9 | 7 | 10 | 11 | 13 | 13 | 11 | 9 |

## 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 | 58.33% | 58.33% | 58.33% | 58.33% | 58.33% | 60.12% | 60.12% | 60.12% | 62.06% | 62.06% | 62.06% | 62.06% |
| FIIs | 0% | 0% | 0.01% | 0% | 0.15% | 0% | 0.12% | 0.01% | 0.02% | 0.11% | 0% | 0.13% |
| 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 | 29.97% | 30.34% | 30.41% | 30.18% | 29.99% | 29.35% | 29.48% | 29.78% | 27.99% | 27.98% | 26.58% | 26.58% |
| Others | 11.7% | 11.33% | 11.25% | 11.48% | 11.53% | 10.53% | 10.28% | 10.09% | 9.93% | 9.85% | 11.36% | 11.23% |
| No. of Shareholders | 12323 | 12140 | 14762 | 13960 | 15324 | 16335 | 17312 | 16790 | 15689 | 15161 | 14567 | 14030 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 46.98 | Sell |
| EMA (10) | 46.74 | Sell |
| SMA (20) | 47.24 | Sell |
| EMA (20) | 47.71 | Sell |
| SMA (50) | 50.64 | Sell |
| EMA (50) | 50.11 | Sell |
| SMA (100) | 53.63 | Sell |
| EMA (100) | 52.22 | Sell |
| SMA (200) | 54.92 | Sell |
| EMA (200) | 52.95 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.6 | Neutral |
| MACD (12,26,9) | -1.34 | Sell |
| Stochastic (14,3,3) | 21.42 | Neutral |
| ADX (14) | 25.71 | Buy |
| Williams %R (14) | -80.91 | Buy |
| ATR (14) | 2.13 | High Volatility |
| ROC (12) | -5.01 | Sell |
| Stoch RSI (14) | 50.09 | Neutral |
| UO (7,14,28) | 34.75 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=758671d6-0f3f-464e-aee0-8d411e8277db.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=664cacfe-97bf-468b-a718-9d88b28b0c60.pdf) |
| 2026-09-07 | [AGM TO BE HELD ON 30TH SEPTEMBER 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07795f79-d140-4991-b853-5aead3e6a9c7.pdf) |
| 2026-09-03 | [Board Meeting Outcome for BOARD MEETING OUTCOME HELD ON 03RD SEPTEMBER 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b4bbd40-469d-4352-970f-43f62930d9d8.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8b123af-c6dd-43eb-9b1c-b65e55e2990b.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18e911a6-f8a0-41df-9944-0b723f3c2986.pdf) |
| 2026-08-13 | [Board Meeting Intimation for Adjournment Of Board Meeting Originally Scheduled To Be Held On 13.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e35a0614-7c8e-4066-aa8c-7042d96a1c22.pdf) |
| 2026-08-13 | [Update on board meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94513a6d-8ffa-47d2-a5eb-5331c059a3b9.pdf) |
| 2026-08-05 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ada3961-d202-439b-98c7-d0d748b21eb7.pdf) |
| 2026-08-05 | [Board Meeting Intimation for Consider And Approve The Unaudited (Standalone) Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae20b4f9-76aa-4dbc-b686-bea13ab2b024.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47354e79-6ebb-48e3-a30d-b4ca92eb902a.pdf) |
| 2026-05-30 | [PFA Result](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac82870e-fd40-4225-aa86-aedca3d30118.pdf) |
| 2026-02-28 | [Un-Audited Financial Results For The Third Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c85b309b-59e1-4e2f-8bbe-485e5f9eb2d9.pdf) |
| 2026-02-14 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=592e2eee-053c-4218-9ba7-8779cb331358.pdf) |
| 2025-11-14 | [Unaudited Finacial Result For The Quarter Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c91a8a4-33bd-4df5-a6d2-1e574007b556.pdf) |
| 2025-08-14 | [Unaudited Financial Result For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fb9e12d-a583-43be-9d1e-3ed5a2aefed6.pdf) |
| 2025-05-31 | [Result-Financial Results For 31.03.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=489eebad-e66a-44c4-b931-19c81dd42b63.pdf) |
| 2025-02-15 | [For The Quarter Ended 31/12/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3deebf9e-40af-4d33-a6ad-aa5564a93105.pdf) |
| 2024-11-14 | [Please Find Attached Herewith Unaudited Results For Q2H1FY25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b167b36a-1a5b-4034-bcb0-eaac48fb6306.pdf) |
| 2024-10-03 | [Consolidated Financial Result For Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7793e0da-f3a0-4520-9e8f-a29412f5399c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 28 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2025-26 results disclosure. | [Closure of Trading Window 28 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2025-26 results disclosure.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7072b695-6786-451c-aaa0-256b3b17124e.pdf) |
| 28 Feb - Q3 FY26 unaudited results: revenue Rs12,428.32 lakhs; Q3 loss Rs796.42 lakhs; 50MW solar capitalized. | [Board Meeting Outcome for Un-Audited Financial Results For The Third Quarter Ended December 31, 2025 28 Feb - Q3 FY26 unaudited results: revenue Rs12,428.32 lakhs; Q3 loss Rs796.42 lakhs; 50MW solar capitalized.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22bdc5e0-5734-4d12-898b-cbd5899b3787.pdf) |
| 24 Apr - BSE and NSE approved listing of 16,00,000 preferential shares, trading from April 27, 2026. | [Receipt Of Listing And Trading Approval For 16,00,000 Equity Shares Issued On A Preferential Basis. 24 Apr - BSE and NSE approved listing of 16,00,000 preferential shares, trading from April 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e1ea886-8f35-4235-9c70-2454083b8c21.pdf) |
| 21 Feb - Board meeting on Feb 28, 2026 to approve Q3 FY2025–26 unaudited results; trading window closed. | [Board Meeting Intimation for Intimation Of Board Meeting - Un-Audited Financial Results For Quarter Three 21 Feb - Board meeting on Feb 28, 2026 to approve Q3 FY2025–26 unaudited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c37d3a81-158a-4b25-a50e-74e3f83f3444.pdf) |
| 1d - BSE and NSE approved listing of 16,00,000 preferential shares, trading from April 27, 2026. | [Receipt Of Listing And Trading Approval For 16,00,000 Equity Shares Issued On A Preferential Basis. 1d - BSE and NSE approved listing of 16,00,000 preferential shares, trading from April 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e1ea886-8f35-4235-9c70-2454083b8c21.pdf) |
| 15 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69cbb74a-9449-402c-90ef-a1fcaae9c992.pdf) |
| 12 Mar - Board approved converting C.G. Ispat Pvt Ltd into LLP; Vaswani retains 8.23% stake; Yashwant Vaswani nominated partner. | [Intimation Regarding Consent For Conversion Of C.G. Ispat Private Limited Into Limited Liability Partnership 12 Mar - Board approved converting C.G. Ispat Pvt Ltd into LLP; Vaswani retains 8.23% stake; Yashwant Vaswani nominated partner.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/510c5386-7794-4b3b-be08-61d21b37217e.pdf) |
| — | [Un-Audited Financial Results For The Third Quarter Ended December 31, 2025 28 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c85b309b-59e1-4e2f-8bbe-485e5f9eb2d9.pdf) |
| — | [Closure of Trading Window 21 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d51ad3d-54a2-4962-9246-8411bca1cd3a.pdf) |
| — | [Results-Delay in Financial Results 14 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/592e2eee-053c-4218-9ba7-8779cb331358.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a8aff12-38e7-48cf-8e6b-081a29aebd23.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc08e772-9fb3-412b-a200-1ed661ac4e04.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff4bf67c-b94c-412b-8b12-1ba9ce079ca7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8a0d514-3375-439b-9ba7-00b31849126f.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/71235533576.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/66391533576.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/5335760319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/5335760318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/5335760317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533576/5335760316.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 2026-09-13T19:20:07.312Z.