---
title: "Xchanging Solutions Ltd (XCHANGING) — Share Price, Financials & Analysis"
symbol: "XCHANGING"
company: "Xchanging Solutions Ltd"
canonical: "https://tapetide.com/stocks/XCHANGING"
isin: "INE692G01013"
nse_symbol: "XCHANGING"
bse_code: "532616"
sector: "Information Technology"
industry: "IT - Software"
market_cap_cr: 706.52
generated_at: "2026-09-13T19:54:59.531Z"
---

# Xchanging Solutions Ltd (XCHANGING)

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

## Company

- **NSE Symbol:** XCHANGING
- **BSE Code:** 532616
- **ISIN:** INE692G01013
- **Sector:** Information Technology
- **Industry:** IT - Software
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2005-03-10
- **CEO:** Mr. Swaminathan Swaminathan
- **Employees:** 95
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** xchanging.com

## About

Incorporated in 2002, Xchanging Solutions Ltd is an Information Technology services provider[1]

## Latest Price

- **Price:** ₹62.34
- **Change:** -1.28 (-2.01%)
- **Open:** ₹63.98
- **Day High:** ₹64.94
- **Day Low:** ₹61.78
- **Previous Close:** ₹63.62
- **Volume:** 82421
- **As Of:** 2026-09-11T10:23:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:02.595008Z.

- **Market Cap:** ₹706.52 Cr
- **Classification:** Microcap
- **P/E (reported):** 11.6
- **P/E (TTM):** 11.42
- **EPS (TTM):** ₹5.46
- **EPS (reported):** ₹2.99
- **Book Value:** ₹35.55
- **Price to Book:** 1.78
- **Dividend Yield:** 3.14%
- **ROE:** 15.01%
- **ROCE:** 18.11%
- **Debt to Equity:** 0.18
- **Revenue (yearly):** ₹216.5 Cr
- **Net Income:** ₹59.4 Cr
- **EBITDA:** ₹82.1 Cr
- **52-Week High:** ₹103
- **52-Week Low:** ₹47.5
- **RSI (14):** 53.41

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 40.38 | 9% |
| growth | 27.5 | 9% |
| momentum | 43.92 | 12% |
| ownership | 31.39 | 24% |
| quality | 64.94 | 22% |
| valuation | 82.75 | 24% |

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

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 949%

### Weaknesses

- The company has delivered a poor sales growth of 0.72% over past five years.
- Company has a low return on equity of 9.82% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -15.76% | 441.21% | 17.67% |
| ebitda margin growth | -3.59% | 9.28% | 8.5% | 11.92% |
| net income growth | -6.79% | 19.76% | 10% | -1% |
| revenue growth | 4.76% | 7.23% | 5% | 1% |
| roce | -3.49% | 12.21% | 24.47% | 13.47% |
| roe | -6.9% | 8.61% | 10.9% | 75.15% |

## 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 | 43 | 42 | 44 | 44 | 44 | 46 | 51 | 50 | 53 | 49 | 51 | 54 |
| Expenses | 32 | 31 | 35 | 33 | 34 | 31 | 33 | 34 | 36 | 33 | 32 | 36 |
| Operating Profit | 12 | 11 | 10 | 11 | 11 | 14 | 17 | 16 | 17 | 16 | 19 | 18 |
| OPM % | 27 | 27 | 22 | 24 | 24 | 31 | 34 | 33 | 32 | 33 | 37 | 34 |
| Other Income | 6 | 5 | 8 | 6 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 |
| Interest | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 17 | 16 | 16 | 14 | 13 | 16 | 20 | 19 | 19 | 18 | 21 | 20 |
| Tax % | 19 | 123 | 23 | 27 | 25 | 12 | 25 | 27 | 14 | 27 | 22 | 26 |
| Net Profit | 14 | -4 | 12 | 11 | 10 | 14 | 15 | 14 | 16 | 13 | 16 | 15 |
| EPS in Rs | 1.24 | -0.32 | 1.11 | 0.95 | 0.88 | 1.3 | 1.32 | 1.24 | 1.46 | 1.18 | 1.46 | 1.36 |

### 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 | 186 | 184 | 182 | 196 | 174 | 174 | 174 | 185 | 203 | 207 |
| Expenses | 160 | 141 | 134 | 140 | 121 | 125 | 128 | 132 | 134 | 136 |
| Operating Profit | 26 | 43 | 48 | 55 | 53 | 50 | 47 | 53 | 69 | 70 |
| OPM % | 14 | 23 | 26 | 28 | 31 | 28 | 27 | 29 | 34 | 34 |
| Other Income | 16 | 15 | 13 | 16 | 9 | 11 | 22 | 17 | 14 | 13 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 6 | 5 | 5 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | 41 | 57 | 59 | 70 | 61 | 60 | 66 | 63 | 77 | 78 |
| Tax % | 22 | 18 | 8 | 10 | 14 | 25 | 79 | 22 | 22 | — |
| Net Profit | 32 | 47 | 55 | 62 | 53 | 45 | 14 | 50 | 59 | 61 |
| EPS in Rs | 2.84 | 4.19 | 4.91 | 5.6 | 4.72 | 4.03 | 1.23 | 4.45 | 5.34 | 5.46 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 2765 | 45 | 37 | — |

### 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 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 239 | 272 | 322 | 385 | 444 | 502 | 565 | 243 | 247 | 285 |
| Borrowings | 1 | 0 | 0 | 2 | 3 | 2 | 1 | 105 | 85 | 71 |
| Other Liabilities | 101 | 84 | 80 | 75 | 67 | 61 | 66 | 64 | 60 | 56 |
| Total Liabilities | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 523 | 504 | 523 |
| Fixed Assets | 161 | 159 | 159 | 161 | 160 | 161 | 160 | 159 | 158 | 158 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 101 | 122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 190 | 188 | 355 | 412 | 465 | 516 | 583 | 364 | 346 | 364 |
| Total Assets | 452 | 468 | 513 | 573 | 625 | 676 | 743 | 523 | 504 | 523 |

### 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 | 38 | 36 | 48 | 46 | 62 | 35 | 42 | -12 | 49 | 41 |
| Cash from Investing Activity | 8 | 6 | 14 | 24 | 5 | 15 | 34 | 37 | 16 | 20 |
| Cash from Financing Activity | -1 | -1 | 0 | -1 | -2 | -1 | 0 | -232 | -72 | -50 |
| Net Cash Flow | 45 | 42 | 62 | 69 | 65 | 49 | 75 | -207 | -8 | 11 |
| Free Cash Flow | 38 | 37 | 48 | 45 | 61 | 35 | 42 | -12 | 49 | 41 |
| CFO/OP | 451 | 142 | 128 | 113 | 124 | 84 | 113 | 98 | 113 | 96 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 55 | 61 | 57 | 41 | 17 | 31 | 16 | 24 | 24 | 30 |
| Cash Conversion Cycle | 55 | 61 | 57 | 41 | 17 | 31 | 16 | 24 | 24 | 30 |
| Working Capital Days | -17 | -30 | -44 | -21 | -65 | -32 | -56 | -55 | -86 | -64 |
| ROCE % | 6 | 11 | 14 | 13 | 13 | 10 | 9 | 12 | 15 | 18 |

## 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 | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0.11% | 0.11% | 0.23% | 0.09% | 0.08% | 0.07% | 0.01% | 0.09% | 0% | 0.01% | 0.11% | 0.03% |
| DIIs | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.18% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.62% | 19.55% | 19.66% | 22.31% | 22.38% | 22.25% | 22.33% | 22.26% | 22.33% | 22.51% | 22.43% | 22.68% |
| Others | 4.97% | 5.03% | 4.81% | 2.3% | 2.25% | 2.37% | 2.37% | 2.35% | 2.37% | 2.18% | 2.16% | 2.12% |
| No. of Shareholders | 57671 | 59457 | 71437 | 72997 | 74629 | 77197 | 81445 | 81416 | 79663 | 77624 | 75079 | 73508 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 62.21 | Buy |
| EMA (10) | 62.62 | Sell |
| SMA (20) | 61.8 | Buy |
| EMA (20) | 62.73 | Sell |
| SMA (50) | 64.05 | Sell |
| EMA (50) | 63.52 | Sell |
| SMA (100) | 64.67 | Sell |
| EMA (100) | 64.73 | Sell |
| SMA (200) | 67.87 | Sell |
| EMA (200) | 69 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.74 | Neutral |
| MACD (12,26,9) | -0.35 | Buy |
| Stochastic (14,3,3) | 52.65 | Neutral |
| ADX (14) | 24.03 | Neutral |
| Williams %R (14) | -60 | Neutral |
| ATR (14) | 1.91 | High Volatility |
| ROC (12) | 1.35 | Buy |
| Stoch RSI (14) | 56.35 | Neutral |
| UO (7,14,28) | 49.98 | 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=38cc09bd-6ec4-486e-aceb-5cf8f658ffb3.pdf) |
| 2026-08-21 | [25Th Annual General Meeting To Be Held On September 15 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b05ec8b-86e8-4ef9-b76b-b6991c73a552.pdf) |
| 2026-08-21 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59a71961-d955-47b1-9d38-ca891d3782f8.pdf) |
| 2026-08-21 | [Letter Sent To The Members Of The Company - Web Link Of The Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=508a5cac-8d40-47b3-a603-11d6848b5d8e.pdf) |
| 2026-08-21 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7288d5c4-3412-447a-9b32-6c0dfa9bb06c.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8a1e93e-0685-424a-b2f6-e8f15b6a8867.pdf) |
| 2026-08-15 | [Tax Deduction At Source ("TDS") On Final Dividend For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=962caa48-1bbb-4fd6-ada0-253a5163a4fd.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=748bc923-2562-421d-aeb1-ddd2bd0c31e1.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51597417-77d3-48ea-922c-d82936148cca.pdf) |
| 2026-07-30 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e2ff9eb-b572-40c5-96a0-d692e098bd6f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a167c1a-f871-4f65-bc49-667c03a7d40a.pdf) |
| 2026-05-21 | [Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=997e6d7b-c897-4a7c-8b37-f4af2bbcdaf2.pdf) |
| 2026-02-05 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d70fdb8a-e22e-408d-872e-13989b00cfa3.pdf) |
| 2025-10-30 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0615e788-d44c-404f-aa8e-a77a771c36dc.pdf) |
| 2025-05-21 | [Financial Results For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0688b5ed-2b9b-4d68-93e9-d53e6b5eb808.pdf) |
| 2025-05-21 | [Financial Results For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee205409-13b0-4abb-b8d3-716930687e12.pdf) |
| 2025-01-31 | [Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ec94af7-db62-4b78-b94c-6ef3669aab93.pdf) |
| 2024-10-30 | [Financial Results For The Quarter And Six Months Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b47ff391-0ea7-411e-8537-ba520682b156.pdf) |
| 2024-08-09 | [Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18d96c06-c22e-4b23-8f14-fd852e8ce1c1.pdf) |
| 2024-05-23 | [Financial Results For The Quarter And Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b85121fb-ccc4-48ce-9a12-2ff41c511929.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - ITAT Bangalore partly allowed Xchanging's appeal on Apr 6, 2026, directing recomputation of transfer pricing adjustment. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Update On Pending Litigation 8 Apr - ITAT Bangalore partly allowed Xchanging's appeal on Apr 6, 2026, directing recomputation of transfer pricing adjustment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67737b0a-c2fc-419a-8fc0-196819bc7105.pdf) |
| 5 Feb - Unaudited standalone/consolidated results for quarter and nine months ended 31-Dec-2025; appointed Padmaja Priyadarshini as independent director. | [Announcement under Regulation 30 (LODR)-Change in Management 5 Feb - Unaudited standalone/consolidated results for quarter and nine months ended 31-Dec-2025; appointed Padmaja Priyadarshini as independent director.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e379f555-aa2f-4c9f-8000-2766dc30c84e.pdf) |
| 5 Feb - Unaudited standalone and consolidated Q3/9M results for Dec 31, 2025; appointed Padmaja Priyadarshini B N. | [Board Meeting Outcome for Outcome Of Board Meeting 5 Feb - Unaudited standalone and consolidated Q3/9M results for Dec 31, 2025; appointed Padmaja Priyadarshini B N.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acc25c0b-f921-46e3-af12-f4914efd9d86.pdf) |
| 27 Jan - Board meeting Feb 5, 2026 to approve unaudited standalone/consolidated results for quarter and nine months ended Dec 31, 2025. | [Board Meeting Intimation for Consideration And Approval Of Un-Audited (Standalone & Consolidated) Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025 27 Jan - Board meeting Feb 5, 2026 to approve unaudited standalone/consolidated results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75128bd6-1b5b-4f0c-b83e-0c6a21d7bbe1.pdf) |
| 2 Apr - Postal ballot sought for appointing Mrs. Padmaja Priyadarshini as independent director for five years from Feb 5, 2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2 Apr - Postal ballot sought for appointing Mrs. Padmaja Priyadarshini as independent director for five years from Feb 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2cae7d45-551e-455d-b0c5-adaa352739b0.pdf) |
| 10 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6159d759-e261-4957-ab9e-677058fbcd54.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 3 May](https://www.bseindia.com/xml-data/corpfiling/AttachHis/984ba2a8-5974-4fcc-a722-09471031948c.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 3 May](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e6d1daf-6afe-483e-b905-9776350b3965.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 3 May](https://www.bseindia.com/xml-data/corpfiling/AttachLive/984ba2a8-5974-4fcc-a722-09471031948c.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 3 May](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e6d1daf-6afe-483e-b905-9776350b3965.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/defeb63a-a24f-499c-8e97-7f7e27fcffe1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e4ea06e-820e-4fdf-96d6-5f7038d49948.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/274b6179-0324-4a24-8c05-b000628bbc3f.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/73562532616.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/70524532616.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/65238532616.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/5326160319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/5326160318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/5326160317.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532616/5326161215.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=824eb55f-00c1-4781-a55a-97912294a895.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/824eb55f-00c1-4781-a55a-97912294a895.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 2026-09-13T19:54:59.531Z.