---
title: "Vardhman Special Steels Ltd (VSSL) — Share Price, Financials & Analysis"
symbol: "VSSL"
company: "Vardhman Special Steels Ltd"
canonical: "https://tapetide.com/stocks/VSSL"
isin: "INE050M01012"
nse_symbol: "VSSL"
bse_code: "534392"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 3734.48
generated_at: "2026-09-13T18:19:21.319Z"
---

# Vardhman Special Steels Ltd (VSSL)

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

## Company

- **NSE Symbol:** VSSL
- **BSE Code:** 534392
- **ISIN:** INE050M01012
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2012-05-17
- **CEO:** Mr. Sachit Jain B.Tech.
- **Employees:** 1363
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vardhmansteel.com

## About

Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.

## Latest Price

- **Price:** ₹397.45
- **Change:** +5.45 (+1.39%)
- **Open:** ₹389.1
- **Day High:** ₹405
- **Day Low:** ₹381.25
- **Previous Close:** ₹392
- **Volume:** 621233
- **As Of:** 2026-09-11T10:29:47+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:09.663319Z.

- **Market Cap:** ₹3734.48 Cr
- **Classification:** Microcap
- **P/E (reported):** 26.4
- **P/E (TTM):** 26.8
- **EPS (TTM):** ₹14.83
- **EPS (reported):** ₹11.24
- **Book Value:** ₹132.09
- **Price to Book:** 2.96
- **Dividend Yield:** 0.89%
- **ROE:** 11.67%
- **ROCE:** 17.47%
- **Debt to Equity:** 0.07
- **Revenue (yearly):** ₹1793.5 Cr
- **Net Income:** ₹93.1 Cr
- **EBITDA:** ₹177.2 Cr
- **52-Week High:** ₹423.85
- **52-Week Low:** ₹206.4
- **RSI (14):** 72.06

## Tapetide Score

- **Score:** 52 / 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: Fair · Momentum: Rising
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.9 | 9% |
| growth | 23.93 | 9% |
| momentum | 80.94 | 12% |
| ownership | 43.76 | 24% |
| quality | 48.76 | 22% |
| valuation | 54.81 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.0%

### Weaknesses

- Company has a low return on equity of 12.2% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.65%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -10.88% | 467.58% | — |
| ebitda margin growth | -8.1% | -3.04% | — | — |
| net income growth | -8.37% | 1.64% | 6% | 21% |
| revenue growth | 0.35% | 6.05% | 0% | 13% |
| roce | -9.65% | -6.48% | — | — |
| roe | -8.06% | -8.4% | — | — |

## 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 | 415 | 397 | 439 | 415 | 495 | 427 | 428 | 434 | 432 | 431 | 458 | 486 |
| Expenses | 384 | 364 | 391 | 372 | 456 | 392 | 397 | 402 | 387 | 387 | 412 | 428 |
| Operating Profit | 31 | 33 | 49 | 42 | 39 | 35 | 31 | 32 | 45 | 43 | 46 | 58 |
| OPM % | 8 | 8 | 11 | 10 | 8 | 8 | 7 | 7 | 10 | 10 | 10 | 12 |
| Other Income | 6 | 8 | 9 | 6 | 9 | 7 | 7 | 8 | 11 | 13 | 10 | 10 |
| Interest | 5 | 5 | 5 | 5 | 5 | 5 | 3 | 4 | 2 | 4 | 3 | 3 |
| Depreciation | 7 | 7 | 9 | 8 | 8 | 8 | 8 | 9 | 8 | 8 | 8 | 10 |
| Profit before tax | 25 | 29 | 44 | 35 | 35 | 28 | 27 | 27 | 46 | 45 | 46 | 55 |
| Tax % | 26 | 25 | 25 | 26 | 26 | 25 | 27 | 26 | 26 | 25 | 26 | 26 |
| Net Profit | 18 | 22 | 33 | 26 | 26 | 21 | 20 | 20 | 35 | 34 | 34 | 41 |
| EPS in Rs | 2.27 | 2.68 | 4.03 | 3.2 | 3.17 | 2.63 | 2.41 | 2.43 | 3.58 | 3.48 | 3.51 | 4.26 |

### 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 | 859 | 1121 | 846 | 937 | 1368 | 1735 | 1661 | 1764 | 1754 | 1807 |
| Expenses | 797 | 1053 | 806 | 830 | 1195 | 1594 | 1519 | 1616 | 1588 | 1614 |
| Operating Profit | 62 | 68 | 40 | 107 | 174 | 141 | 142 | 148 | 166 | 193 |
| OPM % | 7 | 6 | 4.7 | 11 | 13 | 8 | 9 | 8 | 9 | 11 |
| Other Income | 6 | 2 | 9 | 9 | 29 | 39 | 30 | 29 | 42 | 45 |
| Interest | 21 | 24 | 26 | 20 | 17 | 18 | 18 | 19 | 12 | 12 |
| Depreciation | 22 | 24 | 26 | 30 | 27 | 28 | 31 | 33 | 33 | 33 |
| Profit before tax | 25 | 22 | -2 | 66 | 158 | 134 | 123 | 125 | 164 | 193 |
| Tax % | 0 | 0 | -244 | 33 | 36 | 25 | 25 | 26 | 26 | — |
| Net Profit | 25 | 22 | 3 | 44 | 101 | 100 | 92 | 93 | 122 | 143 |
| EPS in Rs | 3.51 | 3.11 | 0.41 | 5.46 | 12.42 | 12.36 | 11.25 | 11.39 | 12.62 | 14.83 |
| Dividend Payout % | 0 | 0 | 0 | 14 | 14 | 8 | 18 | 26 | 28 | — |

### 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 | 19 | 36 | 36 | 40 | 41 | 41 | 41 | 81 | 82 | 97 |
| Reserves | 180 | 304 | 326 | 373 | 419 | 514 | 602 | 638 | 716 | 1181 |
| Borrowings | 316 | 228 | 334 | 266 | 191 | 162 | 144 | 84 | 120 | 93 |
| Other Liabilities | 99 | 109 | 194 | 90 | 153 | 204 | 244 | 237 | 218 | 263 |
| Total Liabilities | 613 | 677 | 889 | 770 | 803 | 921 | 1031 | 1040 | 1136 | 1633 |
| Fixed Assets | 265 | 250 | 280 | 310 | 283 | 289 | 294 | 325 | 309 | 585 |
| CWIP | 1 | 7 | 33 | 12 | 13 | 13 | 12 | 1 | 117 | 26 |
| Investments | 1 | 8 | 0 | 5 | 0 | 15 | 20 | 0 | 18 | 158 |
| Other Assets | 346 | 412 | 577 | 443 | 507 | 603 | 705 | 714 | 693 | 863 |
| Total Assets | 613 | 677 | 889 | 770 | 803 | 921 | 1031 | 1040 | 1136 | 1633 |

### 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 | 68 | 11 | -19 | 135 | 87 | 59 | 74 | 142 | 127 | 106 |
| Cash from Investing Activity | -16 | -16 | -70 | -88 | 7 | -9 | -15 | -50 | -127 | -427 |
| Cash from Financing Activity | -50 | 7 | 82 | -45 | -94 | -52 | -49 | -94 | 3 | 317 |
| Net Cash Flow | 2 | 2 | -7 | 2 | 0 | -2 | 9 | -2 | 3 | -4 |
| Free Cash Flow | 36 | -1 | -98 | 101 | 78 | 24 | 45 | 76 | 9 | -135 |
| CFO/OP | 110 | 18 | -19 | 342 | 90 | 47 | 79 | 122 | 108 | 87 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 102 | 83 | 61 | 78 | 85 | 59 | 55 | 58 | 54 | 58 |
| Inventory Days | 122 | 123 | 170 | 103 | 134 | 139 | 119 | 129 | 113 | 123 |
| Days Payable | 36 | 47 | 89 | 42 | 90 | 68 | 61 | 63 | 47 | 65 |
| Cash Conversion Cycle | 188 | 159 | 142 | 139 | 128 | 131 | 113 | 123 | 120 | 116 |
| Working Capital Days | 17 | 58 | 50 | 47 | 78 | 81 | 73 | 84 | 68 | 86 |
| ROCE % | 9 | 8 | 7 | 3 | 13 | 26 | 20 | 18 | 17 | 15 |

## 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 | 60.71% | 60.67% | 60.56% | 60.56% | 60.53% | 60.49% | 60.37% | 51.13% | 51.13% | 51.1% | 51.06% | 51.06% |
| FIIs | 0.97% | 0% | 0.49% | 0.64% | 0.6% | 0.58% | 0.65% | 0.5% | 0.55% | 0.54% | 0.55% | 0.55% |
| DIIs | 2.43% | 2.43% | 2.63% | 3.15% | 3.85% | 4.51% | 4.17% | 3.54% | 3.64% | 3.31% | 3.34% | 3.27% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.94% | 20.41% | 20.23% | 19.59% | 19.9% | 19.52% | 19.83% | 16.46% | 16.33% | 16.78% | 16.77% | 16.68% |
| Others | 14.95% | 16.49% | 16.08% | 16.07% | 15.12% | 14.9% | 14.98% | 28.37% | 28.36% | 28.26% | 28.29% | 28.44% |
| No. of Shareholders | 31906 | 33715 | 32866 | 34683 | 35229 | 36348 | 36287 | 35856 | 36443 | 38079 | 36854 | 36365 |

## 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 / 4 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 366.64 | Buy |
| EMA (10) | 370.39 | Buy |
| SMA (20) | 361.05 | Buy |
| EMA (20) | 359.49 | Buy |
| SMA (50) | 327.48 | Buy |
| EMA (50) | 334.66 | Buy |
| SMA (100) | 301.9 | Buy |
| EMA (100) | 311.35 | Buy |
| SMA (200) | 281.15 | Buy |
| EMA (200) | 290.08 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 73.55 | Sell |
| MACD (12,26,9) | 14.23 | Buy |
| Stochastic (14,3,3) | 64.75 | Neutral |
| ADX (14) | 45.26 | Buy |
| Williams %R (14) | -31.98 | Neutral |
| ATR (14) | 18.52 | High Volatility |
| ROC (12) | 8.08 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 49.48 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Demat Report For The Month Ended August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2048bee3-2cd3-4710-99a8-cfa17668eaed.pdf) |
| 2026-09-09 | [Outcome Of Analysts/Investors Meet](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54d8a0d2-b741-4576-be65-4a09eb32267b.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=219da6b9-3d82-4b8e-8aed-0ca195cb1300.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5086b73c-5438-4b3f-a241-067c6772aa1e.pdf) |
| 2026-08-26 | [Intimation Regarding Dispatch Of Letters To The Members.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a562a4a2-d99a-47be-bf52-b354ce18f9c2.pdf) |
| 2026-08-25 | [Shareholders Meeting - AGM On 18-09-2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b2020a3-6104-4513-8c9f-da3051a4c01b.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c79a5e17-faee-4d24-95ea-fa4479ea8ae5.pdf) |
| 2026-08-25 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4228e8f-8bea-4ab3-911e-c8d1f6947514.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8433c03-7f3e-4d9e-9f04-e77265c39966.pdf) |
| 2026-08-20 | [Corporate Action - Fixes Record Date For Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a7ec9f5-55b0-4dfe-9411-ed4292db1955.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fcaaecec-1feb-41f6-a533-fde1bbded4c7.pdf) |
| 2026-05-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14d42f75-6751-4cd9-831f-9040ceb69f96.pdf) |
| 2026-01-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20691e25-6a96-4242-ac5e-d94947160c61.pdf) |
| 2025-11-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83430905-98bc-4d7a-bbbc-01f5b3f746b0.pdf) |
| 2025-08-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d66db49a-49c7-4bae-8a24-327c80bd8c51.pdf) |
| 2025-04-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23e385b6-ed8c-414a-8631-32545f298653.pdf) |
| 2025-02-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45288e5c-66f9-4ba5-a940-a2540afe84ef.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4011ca57-e00b-4b27-a6d4-7b48eac43ce5.pdf) |
| 2024-07-30 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a31baa3-c01c-4ba5-a6a0-04fdc93712bd.pdf) |
| 2024-05-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b227e2f-fa36-4cb6-b668-c4bb9adeefd7.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-23 | [Link Of Audio Recording.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=10dbeaeb-e5ba-45ab-b673-9d522a4e7ad6.pdf) |
| 2026-04-29 | [Link Of Audio Recording.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=165aa48d-ac85-4253-b36b-4c6d99584890.pdf) |
| 2026-01-21 | [Link For Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7943dc5c-f656-4e66-84eb-3e3975035df7.pdf) |
| 2025-11-03 | [Link Of Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bde23340-20ef-40d8-b33b-6f960fc5b3d7.pdf) |
| 2025-07-28 | [Link Of Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f1df6fe-fcf2-4b44-9536-cfc837dfb34b.pdf) |
| 2025-04-23 | [LINK FOR AUDIO RECORDING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92826259-b2dd-4633-8342-a04988b9cb79.pdf) |
| 2025-01-30 | [LINK OF AUDIO RECORDING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6d9601c-3649-4635-bfa1-de8615666023.pdf) |
| 2024-11-08 | [LINK FOR AUDIO RECORDING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad8f40fe-12d1-4267-902b-bf43a06df9cf.pdf) |
| 2024-07-26 | [Link For Audio Recording Of Earnings Conference Call Of The Company - Q1FY25.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03d063a3-0439-41f2-993b-f207f53e0ddf.pdf) |
| 2024-05-02 | [LINK FOR AUDIO RECORDING OF EARNINGS CONFERENCE CALL OF VARDHMAN SPECIAL STEELS LIMITED - Q4 & FY24 FINANCIAL RESULTS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0206251-3878-4300-b828-f3ea3a6b9421.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-22 | [Results - Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ea0856b-5857-4a1d-b93d-1341dba8abdc.pdf) |
| 2026-04-28 | [Results - Financial Results For The Quarter/ Financial Year Ended 31.03.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51a1f883-ad7d-4414-ada0-982514fe93af.pdf) |
| 2026-01-20 | [Results - Un-Audited Financial Results For The Quarter / Nine-Months Ended 31.12.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d77a933e-8833-4101-9c6d-8ec8e8435ef7.pdf) |
| 2025-10-28 | [Results- Financial Results For The Quarter/ Half Year Ended 30.09.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e22ba085-5450-4e55-9e10-4e5c09bd59a5.pdf) |
| 2025-07-25 | [Results - Un-Audited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa977688-7794-4fc0-9d8a-53164ddd3c97.pdf) |
| 2025-04-22 | [Results - Financial Results For The Quarter/ Financial Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50552fae-5ea2-43f5-bb73-b49516b07423.pdf) |
| 2025-01-29 | [Results - Financial Results For The Quarter / Nine- Months Ended 31.12.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df13e87a-652e-4f19-b11f-07d460c7122d.pdf) |
| 2024-11-07 | [Results - Financial Results For The Quarter/ Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=854bc548-050a-4eaa-bef7-c58cc2551fec.pdf) |
| 2024-07-25 | [Results - Financial Results For Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f321288b-afe4-4d4e-9777-d295338892da.pdf) |
| 2024-05-01 | [Results - Audited Financial Results For The Financial Year Ended 31St March, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7a7b5d2-373b-4ccf-ab63-53ff8b58cd66.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=213ae02a-da26-46e6-8a7a-4d6048e32614.pdf) |
| 2026-04-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67115589-3d25-4d7b-a41d-90944bc5bb2e.pdf) |
| 2026-01-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd8be151-8709-4255-a54b-fa8ee11b3660.pdf) |
| 2025-10-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d49c933d-1f63-4cbc-aad2-eed31efd9cdb.pdf) |
| 2025-07-25 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2331dcae-bb8f-42f0-ad16-bf981f8655a4.pdf) |
| 2025-04-22 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc379667-deb6-4414-90bf-fdffa31f40e6.pdf) |
| 2025-01-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ce80698-af1b-4dc4-be7f-441d597314b0.pdf) |
| 2024-11-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44289466-83e2-4899-a3e4-44adebac4c9e.pdf) |
| 2024-07-26 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52a2aa70-ad1c-4014-a27c-75640abdb4f1.pdf) |
| 2024-05-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dae2e269-ea4e-4b75-9128-0da743d8b5a0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 Feb - 1,305 equity shares dematerialised in January 2026; distinctive numbers and dates provided. | [Demat Report For The Month Ended January, 2026 5 Feb - 1,305 equity shares dematerialised in January 2026; distinctive numbers and dates provided.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a18ed239-6d49-44f2-a231-a99b8292b038.pdf) |
| 4 May - Transcript of Earnings Conference Call of the Company held on 29.04.2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Earnings Conference Call of the Company held on 29.04.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14d42f75-6751-4cd9-831f-9040ceb69f96.pdf) |
| 4 May - Transcript of Earnings Conference Call of the Company held on 29.04.2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Earnings Conference Call of the Company held on 29.04.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/14d42f75-6751-4cd9-831f-9040ceb69f96.pdf) |
| 4 May - Crisil monitoring report for quarter ended March 31, 2026 shows no deviation in preferential issue proceeds use. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 4 May - Crisil monitoring report for quarter ended March 31, 2026 shows no deviation in preferential issue proceeds use.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25a2b3d3-d53f-4e92-8ebb-9e3f083b8b4d.pdf) |
| 4 May - Crisil monitoring report for quarter ended March 31, 2026 shows no deviation in preferential issue proceeds use. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 4 May - Crisil monitoring report for quarter ended March 31, 2026 shows no deviation in preferential issue proceeds use.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/25a2b3d3-d53f-4e92-8ebb-9e3f083b8b4d.pdf) |
| 30 Apr - Copy of Newspaper Notice regarding opening of Special Window for transfer and dematerialization of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Copy of Newspaper Notice regarding opening of Special Window for transfer and dematerialization of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b4acb94-8bd2-401c-bb8e-f297cd220d46.pdf) |
| 30 Apr - Copy of Newspaper Notice regarding opening of Special Window for transfer and dematerialization of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Copy of Newspaper Notice regarding opening of Special Window for transfer and dematerialization of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b4acb94-8bd2-401c-bb8e-f297cd220d46.pdf) |
| 29 Apr - Audio recording link shared for Q4 and FY26 earnings conference call held on 29 April 2026. | [Link Of Audio Recording. 29 Apr - Audio recording link shared for Q4 and FY26 earnings conference call held on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/165aa48d-ac85-4253-b36b-4c6d99584890.pdf) |
| 29 Apr - Audio recording link shared for Q4 and FY26 earnings conference call held on 29 April 2026. | [Link Of Audio Recording. 29 Apr - Audio recording link shared for Q4 and FY26 earnings conference call held on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/165aa48d-ac85-4253-b36b-4c6d99584890.pdf) |
| 28 Jan - Crisil monitoring report: Rs3.849bn preferential issue; Rs1.691bn utilized; Rs2.158bn invested; quarter ended Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 28 Jan - Crisil monitoring report: Rs3.849bn preferential issue; Rs1.691bn utilized; Rs2.158bn invested; quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/107bd7fb-281d-40a3-a734-9e619e9624d3.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8b74995-b32c-40cf-ae76-cff323edbe06.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83430905-98bc-4d7a-bbbc-01f5b3f746b0.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4011ca57-e00b-4b27-a6d4-7b48eac43ce5.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1774146b-2d5f-45be-8bdc-dd67ae4a4fe8.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56bd76bb-45cb-4086-a240-e45b70a717e9.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b227e2f-fa36-4cb6-b668-c4bb9adeefd7.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d358c682-8c03-4759-b59e-99115aafd445.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/020aa647-6e33-4d4b-b477-8d84810eac27.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a31baa3-c01c-4ba5-a6a0-04fdc93712bd.pdf) |
| Jul 2022 | [Concall - Jul 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ec55780-98d8-44c6-8bde-aec197db2286.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9249cdd-6482-428f-a2c5-c1d23dd1c9a7.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e63474c-2c40-412c-83ae-ba587bcdb35e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf04e68f-cf2f-4e05-a39a-477b6744ea79.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/534392/76934534392.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 2026-09-13T18:19:21.319Z.