---
title: "Varun Beverages Ltd (VBL) — Share Price, Financials & Analysis"
symbol: "VBL"
company: "Varun Beverages Ltd"
canonical: "https://tapetide.com/stocks/VBL"
isin: "INE200M01039"
nse_symbol: "VBL"
bse_code: "540180"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
market_cap_cr: 137202.84
generated_at: "2026-09-13T18:26:31.632Z"
---

# Varun Beverages Ltd (VBL)

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

## Company

- **NSE Symbol:** VBL
- **BSE Code:** 540180
- **ISIN:** INE200M01039
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2016-11-08
- **CEO:** Mr. Varun Ravi Kant Jaipuria
- **Employees:** 11041
- **Face Value:** ₹2
- **F&O Eligible:** Yes
- **Website:** varunbeverages.com

## About

Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo. 
PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices and many more. [1]

## Latest Price

- **Price:** ₹416.5
- **Change:** +6 (+1.46%)
- **Open:** ₹406.8
- **Day High:** ₹417.15
- **Day Low:** ₹403
- **Previous Close:** ₹410.5
- **Volume:** 9719304
- **As Of:** 2026-09-11T10:27:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:20.273545Z.

- **Market Cap:** ₹137202.84 Cr
- **Classification:** Largecap
- **P/E (reported):** 40.8
- **P/E (TTM):** 41.61
- **EPS (TTM):** ₹10.01
- **EPS (reported):** ₹18.65
- **Book Value:** ₹57.88
- **Price to Book:** 7.11
- **Dividend Yield:** 0.24%
- **ROE:** 15.51%
- **ROCE:** 19.45%
- **Debt to Equity:** 0.13
- **Revenue (yearly):** ₹22037.7 Cr
- **Net Income:** ₹3062 Cr
- **EBITDA:** ₹5401.7 Cr
- **52-Week High:** ₹555.8
- **52-Week Low:** ₹381
- **RSI (14):** 39.69

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 88.27 | 9% |
| growth | 59.26 | 9% |
| momentum | 37.04 | 12% |
| ownership | 56.08 | 24% |
| quality | 68.55 | 22% |
| valuation | 27.62 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 50.2% CAGR over last 5 years
- Company's median sales growth is 23.2% of last 10 years

### Weaknesses

- Stock is trading at 7.19 times its book value
- Promoter holding has decreased over last 3 years: -4.18%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 3.79% | 46.79% | 184.98% |
| ebitda margin growth | 55.76% | 2.08% | 7.12% | 26.54% |
| net income growth | 73.6% | 16.24% | 24% | 50% |
| revenue growth | 29.28% | 9.48% | 18% | 27% |
| roce | 67.87% | -6.76% | -28.65% | 22.92% |
| roe | 73.59% | -1.46% | 20.31% | -12.77% |

## 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 | 3871 | 2668 | 4317 | 7197 | 4805 | 3689 | 5567 | 7017 | 4897 | 4204 | 6574 | 8451 |
| Expenses | 2989 | 2249 | 3329 | 5206 | 3654 | 3110 | 4304 | 5020 | 3751 | 3568 | 5049 | 6112 |
| Operating Profit | 882 | 418 | 989 | 1991 | 1151 | 579 | 1263 | 1998 | 1146 | 637 | 1525 | 2339 |
| OPM % | 23 | 16 | 23 | 28 | 24 | 16 | 23 | 28 | 23 | 15 | 23 | 28 |
| Other Income | 19 | 9 | 8 | 44 | 24 | 45 | 28 | 77 | 148 | 99 | 44 | 104 |
| Interest | 62 | 74 | 94 | 129 | 119 | 109 | 41 | 37 | 45 | 47 | 49 | 57 |
| Depreciation | 171 | 166 | 188 | 242 | 257 | 261 | 273 | 306 | 308 | 330 | 357 | 409 |
| Profit before tax | 667 | 188 | 716 | 1663 | 800 | 254 | 978 | 1732 | 941 | 359 | 1163 | 1977 |
| Tax % | 23 | 24 | 23 | 24 | 21 | 23 | 25 | 23 | 21 | 28 | 24 | 23 |
| Net Profit | 514 | 144 | 548 | 1262 | 629 | 196 | 731 | 1325 | 745 | 260 | 879 | 1525 |
| EPS in Rs | 1.54 | 0.41 | 1.65 | 3.86 | 1.91 | 0.55 | 2.15 | 3.89 | 2.19 | 0.74 | 2.58 | 4.5 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4004 | 5105 | 7130 | 6450 | 8823 | 13173 | 16043 | 20008 | 21685 | 24126 |
| Expenses | 3165 | 4069 | 5667 | 5235 | 7129 | 10310 | 12326 | 15189 | 16616 | 18480 |
| Operating Profit | 838 | 1036 | 1462 | 1215 | 1694 | 2863 | 3717 | 4818 | 5070 | 5646 |
| OPM % | 21 | 20 | 21 | 19 | 19 | 22 | 23 | 24 | 23 | 23 |
| Other Income | 14 | 6 | 47 | -30 | 51 | -18 | -5 | 45 | 352 | 395 |
| Interest | 215 | 223 | 324 | 294 | 207 | 204 | 292 | 483 | 196 | 197 |
| Depreciation | 347 | 385 | 489 | 529 | 531 | 617 | 681 | 947 | 1216 | 1404 |
| Profit before tax | 291 | 434 | 696 | 363 | 1007 | 2024 | 2739 | 3433 | 4010 | 4440 |
| Tax % | 26 | 31 | 32 | 1 | 26 | 23 | 23 | 23 | 24 | — |
| Net Profit | 214 | 300 | 472 | 357 | 746 | 1550 | 2102 | 2634 | 3062 | 3409 |
| EPS in Rs | 0.68 | 0.95 | 1.44 | 1.01 | 2.14 | 4.61 | 6.33 | 7.67 | 8.98 | 10.01 |
| Dividend Payout % | 22 | 16 | 15 | 22 | 16 | 15 | 16 | 13 | 17 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 182 | 183 | 183 | 289 | 289 | 433 | 650 | 650 | 676 | 676 |
| Reserves | 1511 | 1587 | 1816 | 3040 | 3235 | 3647 | 4453 | 6287 | 15934 | 18902 |
| Borrowings | 2215 | 2654 | 2808 | 3417 | 3216 | 3387 | 3884 | 5431 | 2826 | 2508 |
| Other Liabilities | 915 | 852 | 1192 | 1630 | 1707 | 2113 | 2632 | 2819 | 3688 | 3454 |
| Total Liabilities | 4824 | 5276 | 5998 | 8376 | 8447 | 9579 | 11618 | 15187 | 23124 | 25541 |
| Fixed Assets | 3716 | 3981 | 4387 | 6479 | 6409 | 6311 | 6932 | 8409 | 13402 | 16759 |
| CWIP | 96 | 145 | 352 | 64 | 67 | 497 | 607 | 1922 | 1167 | 271 |
| Investments | 7 | 8 | 11 | 0 | 0 | 0 | 0 | 21 | 60 | 174 |
| Other Assets | 1006 | 1141 | 1247 | 1833 | 1972 | 2772 | 4079 | 4835 | 8496 | 8337 |
| Total Assets | 4824 | 5276 | 5998 | 8376 | 8447 | 9579 | 11618 | 15187 | 23124 | 25541 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 826 | 620 | 1000 | 1308 | 1012 | 1231 | 1790 | 2391 | 3381 | 3509 |
| Cash from Investing Activity | -1048 | -746 | -937 | -2320 | -472 | -1008 | -1769 | -3288 | -4311 | -2725 |
| Cash from Financing Activity | 230 | 159 | -84 | 1107 | -574 | -178 | -18 | 985 | 2954 | -1266 |
| Net Cash Flow | 8 | 32 | -22 | 95 | -33 | 46 | 4 | 88 | 2024 | -482 |
| Free Cash Flow | 45 | 103 | 191 | 575 | 476 | 416 | 40 | -803 | -359 | 797 |
| CFO/OP | 109 | 81 | 104 | 98 | 90 | 80 | 76 | 82 | 85 | 87 |

### Ratios

| Item | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 12 | 14 | 9 | 9 | 14 | 9 | 8 | 8 | 15 | 21 |
| Inventory Days | 103 | 88 | 94 | 100 | 123 | 131 | 116 | 106 | 114 | 111 |
| Days Payable | 58 | 38 | 52 | 54 | 68 | 64 | 48 | 37 | 64 | 53 |
| Cash Conversion Cycle | 58 | 64 | 52 | 55 | 69 | 76 | 76 | 77 | 66 | 79 |
| Working Capital Days | -89 | -65 | -50 | -37 | -47 | -34 | -24 | -9 | 16 | 31 |
| ROCE % | 16 | 12 | 15 | 18 | 11 | 17 | 27 | 29 | 25 | 20 |

## 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 | 63.1% | 63.09% | 62.91% | 62.66% | 62.66% | 60.2% | 60.24% | 59.82% | 59.44% | 59.44% | 59.44% | 59.43% |
| FIIs | 27.55% | 26.58% | 25.78% | 25.32% | 24.18% | 25.26% | 22.98% | 21.85% | 21.93% | 20.31% | 19.51% | 19.03% |
| DIIs | 3.36% | 3.59% | 4.15% | 4.55% | 4.98% | 7.02% | 9.21% | 10.52% | 11.79% | 13.56% | 14.4% | 15.21% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 4.27% | 4.71% | 5% | 5.16% | 5.87% | 5.52% | 5.81% | 6.27% | 5.42% | 5.2% | 5.22% | 4.93% |
| Others | 1.72% | 2.04% | 2.15% | 2.31% | 2.31% | 2% | 1.77% | 1.52% | 1.42% | 1.5% | 1.44% | 1.4% |
| No. of Shareholders | 375534 | 440278 | 489887 | 509607 | 698759 | 742488 | 873915 | 968419 | 902881 | 872933 | 877604 | 813548 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 408.17 | Buy |
| EMA (10) | 411.96 | Buy |
| SMA (20) | 418.75 | Sell |
| EMA (20) | 418.63 | Sell |
| SMA (50) | 441.37 | Sell |
| EMA (50) | 439.83 | Sell |
| SMA (100) | 479.11 | Sell |
| EMA (100) | 456.12 | Sell |
| SMA (200) | 467.94 | Sell |
| EMA (200) | 466.91 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.54 | Neutral |
| MACD (12,26,9) | -10.25 | Buy |
| Stochastic (14,3,3) | 29.27 | Neutral |
| ADX (14) | 31.55 | Buy |
| Williams %R (14) | -60.74 | Neutral |
| ATR (14) | 10.6 | Neutral |
| ROC (12) | -1.13 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 53.83 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 21 | 87.5% |
| Hold | 3 | 12.5% |
| Sell | 0 | 0% |

Based on 24 analyst ratings, observed at 2026-09-11T04:45:20.178678+00:00.

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - AGM Apr 1, 2026 via VC; FY2025 annual report; final dividend ₹0.50/share; director reappointments; continue Abhiram Seth. | [Business Responsibility and Sustainability Reporting (BRSR) 9 Mar - AGM Apr 1, 2026 via VC; FY2025 annual report; final dividend ₹0.50/share; director reappointments; continue Abhiram Seth.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21db9098-f634-489e-94c8-f620336e79de.pdf) |
| 4 May - Transcript of Investors & Analysts Conference Call. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Investors & Analysts Conference Call.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5721108e-feb3-4853-af2f-136c73101b87.pdf) |
| 4 May - Transcript of Investors & Analysts Conference Call. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Investors & Analysts Conference Call.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5721108e-feb3-4853-af2f-136c73101b87.pdf) |
| 27 Apr - Share Allotment Committee today approved the allotment of 2,01,750 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under … | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 27 Apr - Share Allotment Committee today approved the allotment of 2,01,750 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a399f82f-dc16-4c51-83ee-2fc98e0a46d3.pdf) |
| 27 Apr - Board approved Q4 FY2026 results and interim dividend of Rs0.50/share; record date May 1, payment May 5. | [Record Date - Interim Dividend For FY 2026 27 Apr - Board approved Q4 FY2026 results and interim dividend of Rs0.50/share; record date May 1, payment May 5.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/effa91e4-e3c4-4c7e-a16a-932808f0d989.pdf) |
| 27 Apr - Audio recording of investor and analyst call held April 27, 2026 after Q1 results. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 27 Apr - Audio recording of investor and analyst call held April 27, 2026 after Q1 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7482326e-a6ed-4b52-bf38-b22d02e640d5.pdf) |
| 24 Mar - Trading window closed Apr 1, 2026 until 48 hours after March 31, 2026 quarter results; board date pending. | [Closure of Trading Window 24 Mar - Trading window closed Apr 1, 2026 until 48 hours after March 31, 2026 quarter results; board date pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b764ca8-b3ff-4b25-99e5-2a94d24de5e4.pdf) |
| 1d - Varun Beverages will host Q1 CY2026 investor call on April 27, 2026 at 2:30 PM IST. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d - Varun Beverages will host Q1 CY2026 investor call on April 27, 2026 at 2:30 PM IST.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/972be977-d40d-4f9f-8846-5f93c0590f26.pdf) |
| 1d - Board meets April 27, 2026 for Q4 results and interim dividend; trading window closed till April 29. | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended March 31, 2026 And Declaration Of Interim Dividend For The Financial Year 2026 1d - Board meets April 27, 2026 for Q4 results and interim dividend; trading window closed till April 29.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/50513f5f-033b-486f-a4e9-6bee58ef1cbc.pdf) |
| 18 Mar - Acquired 100% of Twizza (South Africa) for ZAR2,053M (INR11,398M); effective March 18, 2026. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update 18 Mar - Acquired 100% of Twizza (South Africa) for ZAR2,053M (INR11,398M); effective March 18, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91dd7b90-0186-414c-aecd-2560cd776173.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=473728f0-e99f-4743-bee8-6334197bc8e9.pdf) |
| 2026-08-31 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update On Earlier Disclosure Dated August 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36783f7e-4582-4a27-b003-40c259e7bacb.pdf) |
| 2026-08-25 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fdfb5206-5490-4b3b-a7ea-53c7a382e878.pdf) |
| 2026-08-17 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Update On Earlier Disclosure Dated July 2 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92b24691-7c3a-4463-842d-8820259820cd.pdf) |
| 2026-08-11 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1e894e9-70e8-44fb-8e7e-df9c6c9cc03a.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=10caa27e-e1c5-4c82-9dc1-4808bf480c6e.pdf) |
| 2026-08-04 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d109f50-eec5-49dc-9be5-7559fa768dd4.pdf) |
| 2026-08-01 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Completion Of Acquisition (Update On Earlier Disclosure Dated July 6 2026)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28e2d666-bc0f-4c24-aaa6-796921002b64.pdf) |
| 2026-07-28 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7f9b9c0-d9d1-4df2-833b-f967f1b9d337.pdf) |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=992a237d-44c4-40a8-ac7e-8ec584722b8e.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8835ebb1-d366-4836-92c5-dd25be69954f.pdf) |
| 2026-05-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5721108e-feb3-4853-af2f-136c73101b87.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b64982da-8945-42fe-9358-40c28219d526.pdf) |
| 2025-11-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbbcd55d-8023-4583-aa3b-f746099f8c4c.pdf) |
| 2025-08-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=800d089f-5240-4531-8b42-1dadec73db9f.pdf) |
| 2025-05-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b96de77-0051-4350-9ccc-ef91cab4313f.pdf) |
| 2025-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52805f9b-1072-4933-8178-183667e07dd7.pdf) |
| 2024-10-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2369ea6b-467a-434d-8d66-fcf82f3bdfda.pdf) |
| 2024-08-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c474218-1426-4c38-a999-233065ce3099.pdf) |
| 2024-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b37a20f9-43a0-4d52-ba85-3e490733f7e4.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-28 | [Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=623565b3-5661-4c77-9c35-a6019dd14f82.pdf) |
| 2026-04-27 | [Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92b4f523-71ba-4ef9-ba67-cd1d4c26eb62.pdf) |
| 2026-02-03 | [Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=feac011f-15ca-4923-a2d9-ae7c93094358.pdf) |
| 2025-10-29 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8a3aa35-2d53-4600-a042-c62deb8dd4a1.pdf) |
| 2025-07-29 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11c9c6ab-d668-49c1-a027-819a9b362dfc.pdf) |
| 2025-04-30 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83a491f1-13d1-418d-8770-aa238f42d1d8.pdf) |
| 2025-02-10 | [Outcome Of The Board Meeting & Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39684ea8-a58a-41f5-b421-a93d8a34bc94.pdf) |
| 2024-10-22 | [Unaudited Financial Results Of The Company (Standalone And Consolidated) For The Quarter And Nine Months Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=027a82d8-29dc-408f-9a99-557db6b8bd1a.pdf) |
| 2024-07-30 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae8ca4c3-c9a4-4cdb-8808-aecc79f835a0.pdf) |
| 2024-05-14 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61e0e03a-25a6-4964-b418-b2e0141070a6.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9d45652-17b6-4389-bb1b-60561715127c.pdf) |
| 2026-04-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fddf237-b1d0-4aa7-a5d2-e202094f364e.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9b9c742-962b-42bd-83bd-25ae36a45d86.pdf) |
| 2025-10-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af429ead-8c6c-4f56-8317-37c6bf72a1aa.pdf) |
| 2025-07-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d8412b9-c597-41ce-8bb5-ec9ec1737636.pdf) |
| 2025-04-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d1fa273-0b78-422c-ac31-9a3d8fc76f44.pdf) |
| 2025-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70d6af86-6553-4175-b12d-001e32c7ff05.pdf) |
| 2024-10-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a727e407-ab32-4c89-97fa-b3c8be0273fd.pdf) |
| 2024-07-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f0ffc85-f0e7-4318-8b69-85ad4cbf21ca.pdf) |
| 2024-05-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa3c9290-38b7-4b41-aabf-868885d550ec.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31c5c753-9850-4519-b796-baa016fab850.pdf) |
| 2026-04-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7482326e-a6ed-4b52-bf38-b22d02e640d5.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c557f413-ecad-4c3d-8b0c-8d3944af35c7.pdf) |
| 2025-10-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7330d812-608b-4630-a5c7-b34b7f9bfcca.pdf) |
| 2025-07-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64c5bcbd-953f-4b0c-81a8-d56247af8b73.pdf) |
| 2025-04-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c40b4a9e-5dea-4e10-896c-b50ce880dd94.pdf) |
| 2024-10-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22666d6a-1920-40aa-8dd8-af9f4a377021.pdf) |
| 2024-07-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f9ecf72-caa7-4a78-8c99-16b732b09e74.pdf) |
| 2024-05-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65551d57-f3f7-4854-a458-1302a926f41f.pdf) |
| 2024-02-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f731de03-c58d-44fd-9d34-583b4bdc85bb.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2369ea6b-467a-434d-8d66-fcf82f3bdfda.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fbbcd55d-8023-4583-aa3b-f746099f8c4c.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0139816d-659a-4747-8c97-f7e1864e37fa.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e1faa18-6022-478f-b017-4bb412fa1171.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7f9790f-f4b4-4e94-a751-2a39aaf14cf9.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e1faa18-6022-478f-b017-4bb412fa1171.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b96de77-0051-4350-9ccc-ef91cab4313f.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b37a20f9-43a0-4d52-ba85-3e490733f7e4.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e951f66-b47d-4901-8d57-c7b51ec2edb7.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f1ba519b-9e77-436c-980f-153d5f062bd8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19bcfd65-6d8a-401d-97c1-77a9636f7946.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b88445c7-0c80-4c73-b481-7d5e33b40a40.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a9652ba-0b38-432b-8e1c-04a3c6a60cfd.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 2026-09-13T18:26:31.632Z.