---
title: "Nilachal Refractories Ltd (502294) — Share Price, Financials & Analysis"
symbol: "502294"
company: "Nilachal Refractories Ltd"
canonical: "https://tapetide.com/stocks/502294"
isin: "INE416N01013"
nse_symbol: "NILACHALREFRACTORIESLTD"
bse_code: "502294"
sector: "Industrial Products"
industry: "Electrodes & Refractories"
market_cap_cr: 71.75
generated_at: "2026-09-13T19:31:41.658Z"
---

# Nilachal Refractories Ltd (502294)

Canonical page: https://tapetide.com/stocks/502294

## Company

- **NSE Symbol:** NILACHALREFRACTORIESLTD
- **BSE Code:** 502294
- **ISIN:** INE416N01013
- **Sector:** Industrial Products
- **Industry:** Electrodes & Refractories
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nilachal.in

## About

Incorporated in 1977, Nilachal Refractories 
Ltd is in the business of Refractories items[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:46:10.859810Z.

- **Market Cap:** ₹71.75 Cr
- **Classification:** Microcap
- **P/E (reported):** -14.9
- **EPS (TTM):** ₹-2.51
- **EPS (reported):** ₹0
- **Book Value:** ₹-16.11
- **Price to Book:** -2.31
- **Dividend Yield:** 0%
- **ROE:** 78.81%
- **ROCE:** -1022.12%
- **Debt to Equity:** 1.35
- **Revenue (yearly):** ₹1.58 Cr
- **Net Income:** ₹-4.93 Cr
- **EBITDA:** ₹-4.81 Cr
- **52-Week High:** ₹56.92
- **52-Week Low:** ₹28.88
- **RSI (14):** 47.27

## Tapetide Score

- **Score:** 38 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Flat
- **Percentile:** 10.2 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 1.1 | 9% |
| growth | 58.35 | 9% |
| momentum | 55.1 | 12% |
| ownership | 50 | 24% |
| quality | 4.37 | 22% |
| valuation | 50.05 | 24% |

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

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -248.48% | -283.33% | — |
| ebitda margin growth | 25% | -89.92% | — | 575.47% |
| net income growth | -20% | -77.59% | 8% | 8% |
| revenue growth | 100% | 43.64% | -20.12% | -4.61% |
| roce | — | — | — | -208.42% |
| roe | — | -28.17% | -41.15% | -224.46% |

## 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 | 0.27 | 0.18 | 0.44 | 0.16 | 0.14 | 0.29 | 0.36 | 0 | 0.45 | 0.45 | 0 | 0 |
| Expenses | 0.44 | 0.36 | 2.06 | 1.34 | 0.39 | 0.52 | 20.26 | 0.28 | 0.93 | 4.03 | 0.48 | 0.45 |
| Operating Profit | -0.17 | -0.18 | -1.62 | -1.18 | -0.25 | -0.23 | -19.9 | -0.28 | -0.48 | -3.58 | -0.48 | -0.45 |
| OPM % | -62.96 | -100 | -368.18 | -737.5 | -178.57 | -79.31 | -5527.78 | — | -106.67 | -795.56 | — | — |
| Other Income | 0 | 0.02 | 1.82 | 0.02 | 0 | 0 | 0.1 | 0.02 | 0.17 | 0.31 | 0.1 | 0.15 |
| Interest | 0 | 0 | 0.39 | 0.06 | 0.05 | 0.05 | 0.06 | 0.09 | 0.09 | 0.12 | 0.07 | 0.21 |
| Depreciation | 0 | 0 | 0.56 | 0.14 | 0.14 | 0.14 | 0.12 | 0.02 | 0.14 | 0.14 | 0.02 | 0.02 |
| Profit before tax | -0.17 | -0.16 | -0.75 | -1.36 | -0.44 | -0.42 | -19.98 | -0.37 | -0.54 | -3.53 | -0.47 | -0.53 |
| Tax % | 0 | 0 | 706.67 | -2.94 | 0 | 0 | -0.25 | 0 | 0 | 0 | 2.13 | 3.77 |
| Net Profit | -0.17 | -0.16 | -6.05 | -1.33 | -0.44 | -0.42 | -19.94 | -0.36 | -0.54 | -3.53 | -0.48 | -0.55 |
| EPS in Rs | -0.08 | -0.08 | -2.97 | -0.65 | -0.22 | -0.21 | -9.79 | -0.18 | -0.27 | -1.73 | -0.24 | -0.27 |

### 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 | 1.83 | 1.91 | 1.53 | 1.79 | 1.98 | 1.06 | 1.29 | 0.95 | 0 | 0.9 |
| Expenses | 3.29 | 4.52 | 3.26 | 2.97 | 2.62 | 2.34 | 3.4 | 21.47 | 1.21 | 5.89 |
| Operating Profit | -1.46 | -2.61 | -1.73 | -1.18 | -0.64 | -1.28 | -2.11 | -20.52 | -1.21 | -4.99 |
| OPM % | -79.78 | -136.65 | -113.07 | -65.92 | -32.32 | -120.75 | -163.57 | -2160 | — | -554.44 |
| Other Income | 1.45 | 1.68 | 0.89 | 0.02 | 0.04 | 0.03 | 1.86 | -0.82 | 0.34 | 0.73 |
| Interest | 0.48 | 0.01 | 0.52 | 0.27 | 0 | 0 | 0.39 | 0.22 | 0.37 | 0.49 |
| Depreciation | 0.72 | 0.7 | 0.7 | 0.69 | 0.69 | 0.65 | 0.56 | 0.54 | 0.07 | 0.32 |
| Profit before tax | -1.21 | -1.64 | -2.06 | -2.12 | -1.29 | -1.9 | -1.2 | -22.1 | -1.31 | -5.07 |
| Tax % | 36.36 | 0.61 | -28.16 | 20.28 | 28.68 | -5.79 | 441.67 | -0.41 | 0.76 | — |
| Net Profit | -1.65 | -1.65 | -1.48 | -2.55 | -1.66 | -1.79 | -6.5 | -22.02 | -1.32 | -5.1 |
| EPS in Rs | -0.81 | -0.81 | -0.73 | -1.25 | -0.82 | -0.88 | -3.19 | -10.81 | -0.65 | -2.51 |
| 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 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 |
| Reserves | -9 | -10.65 | -12.3 | -13.78 | -16.33 | -17.99 | -19.79 | -26.28 | -48.3 | -53.15 |
| Borrowings | 41.95 | 42.42 | 42.43 | 42.4 | 42.67 | 42.46 | 42.59 | 43.15 | 44.55 | 45.95 |
| Other Liabilities | 10.16 | 7.13 | 4.53 | 4.79 | 5.06 | 5.97 | 6.81 | 3.31 | 2.58 | 1.46 |
| Total Liabilities | 63.47 | 59.26 | 55.02 | 53.77 | 51.76 | 50.8 | 49.97 | 40.54 | 19.19 | 14.62 |
| Fixed Assets | 8.53 | 7.76 | 7.07 | 6.37 | 5.68 | 5 | 4.35 | 3.78 | 5.05 | 4.49 |
| CWIP | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 9.39 | 6.07 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 23.47 | 20.03 | 16.48 | 15.93 | 14.61 | 14.33 | 14.15 | 5.29 | 4.75 | 4.06 |
| Total Assets | 63.47 | 59.26 | 55.02 | 53.77 | 51.76 | 50.8 | 49.97 | 40.54 | 19.19 | 14.62 |

### 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 | -0.38 | -0.08 | 0.09 | 0.39 | -0.06 | 0.33 | -0.3 | -0.33 | -1.15 | -1.4 |
| Cash from Investing Activity | 0.02 | 0.04 | 0 | 0.01 | 0.01 | 0.01 | 0.04 | 0.1 | 1.59 | 0.35 |
| Cash from Financing Activity | 0.48 | 0 | 0.01 | -0.55 | 0 | -0.22 | 0.13 | 0.17 | -0.41 | 1.02 |
| Net Cash Flow | 0.13 | -0.04 | 0.1 | -0.16 | -0.05 | 0.12 | -0.13 | -0.06 | 0.03 | -0.03 |
| Free Cash Flow | -0.38 | -0.06 | 0.08 | 0.39 | -0.07 | 0.32 | -0.27 | -0.25 | 0.43 | -1.4 |
| CFO/OP | 24 | 5 | -4 | -24 | 6 | -52 | 23 | 15 | 6 | 113 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 663.64 | 418.85 | 424.24 | 565.39 | 420.06 | 479.29 | 1112.22 | 79.22 | 26.89 | — |
| Inventory Days | 1825 | 2117 | 964.82 | 1707.5 | 1659.82 | 2439.06 | 3415.85 | 2108.36 | 4074.19 | — |
| Days Payable | 1120.06 | 935.19 | 279.83 | 587.5 | 714.01 | 1292.53 | 2217.55 | 917.3 | 1183.78 | — |
| Cash Conversion Cycle | 1368.57 | 1600.66 | 1109.22 | 1685.39 | 1365.86 | 1625.82 | 2310.52 | 1270.28 | 2917.3 | — |
| Working Capital Days | -1121.86 | -1495.9 | -1494.4 | -2147.06 | -2116.59 | -2040.68 | -4194.06 | -3635.85 | -4848.74 | — |
| ROCE % | -1.39 | -1.33 | -3.18 | -3.1 | -3.87 | -2.82 | -4.39 | -2.21 | -77.79 | -6.32 |

## 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 | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.28% | 29.29% | 29.07% | 29.24% | 29.24% | 29.24% | 29.25% | 29.31% | 29.31% | 29.19% | 29.21% | 29.19% |
| Others | 0.03% | 0.03% | 0.24% | 0.07% | 0.07% | 0.07% | 0.06% | 0.08% | 0.08% | 0.2% | 0.18% | 0.2% |
| No. of Shareholders | 4069 | 4117 | 4399 | 4449 | 4441 | 4582 | 4577 | 4589 | 4597 | 4615 | 4616 | 4574 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 37.43 | Sell |
| EMA (10) | 37.68 | Sell |
| SMA (20) | 38.28 | Sell |
| EMA (20) | 38.05 | Sell |
| SMA (50) | 39.18 | Sell |
| EMA (50) | 38.98 | Sell |
| SMA (100) | 40.47 | Sell |
| EMA (100) | 39.59 | Sell |
| SMA (200) | 39.45 | Sell |
| EMA (200) | 40.09 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.96 | Neutral |
| MACD (12,26,9) | -0.51 | Sell |
| Stochastic (14,3,3) | 43.85 | Neutral |
| ADX (14) | 10.83 | Neutral |
| Williams %R (14) | -59.52 | Neutral |
| ATR (14) | 2.5 | High Volatility |
| ROC (12) | -2.63 | Sell |
| Stoch RSI (14) | 43.56 | Neutral |
| UO (7,14,28) | 65.24 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e65adfd-743b-47c9-956c-eb0435c9881d.pdf) |
| 2026-09-03 | [49Th Annual General Meeting Of The Members To Be Held On 26Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67bfbf02-93d8-4806-bb3f-47651d11a907.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f08f659-3e6d-43ca-a503-999088188cd1.pdf) |
| 2026-09-03 | [Record Date For E-Voting Is 19Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=548e6cda-e349-43f2-952f-50a0afdedfd5.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf45f4b6-d12c-42c3-a145-b76b65f29eb8.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4578d4da-86fb-42a3-835c-0806856a35e2.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 25.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdf7d5de-e247-4316-b854-fcdfba396d86.pdf) |
| 2026-08-20 | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 25.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5666516d-efd5-488c-8721-1ac0b765ff4c.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8172060-d2e9-4357-b5e2-bacb3a9f9be5.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On 14.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22cfc2e3-6a42-4183-8cd8-52c244575cd5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Un-Audited Financial Results Of The Company For The Quarter Ended As On June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae063fbe-3896-4444-9638-b68645ef06ca.pdf) |
| 2026-04-18 | [Financial Results For Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e96b98c7-cfb0-4b6e-98f6-d23f0d64e0a9.pdf) |
| 2025-08-14 | [Financial Result For Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=067803a5-8bb4-4cfc-94f1-bb0a4cbc2c99.pdf) |
| 2025-05-30 | [Pursuant To Regulation 33 Of SEBI LODR 2015 Audited Financial Result For Quarter Ending March 2025 And Year Ending 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=182b60ee-1524-4084-ae14-62c500147c16.pdf) |
| 2025-02-06 | [Financial Results For Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b27bae47-2536-480b-8eec-c23f93aea9af.pdf) |
| 2024-11-15 | [Revised Outcome Of Board Meeting To Declare Financials Results Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=153325e6-f0ad-47d9-81e8-cd04b2a0b607.pdf) |
| 2024-02-13 | [Financial Results For Quarter And Nine Months Ended 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab3117e5-3fd9-4e0a-8298-e2fb7a18853e.pdf) |
| 2023-11-14 | [Financial Result For Quarter Ended 30Th September, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be871e4d-e4bd-41ba-a1cb-f0e3ad56700c.pdf) |
| 2023-08-19 | [Financial Results For Quarter Ended 30Th June, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1249c59b-fdef-4108-b38e-e1e77afccb8d.pdf) |
| 2023-08-18 | [Financial Results For Quarter Ended 30Th June, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81744d96-54ad-41e8-979a-46ca992ccf0e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Regulation 74(5) certificate submitted for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9h - Regulation 74(5) certificate submitted for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ea09038-4197-41ee-965d-71c6499a45e6.pdf) |
| 7h - Samhitha Kandlakunta resigned effective 9 Mar 2026; Karishma Patel resigned effective 10 Mar 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 7h - Samhitha Kandlakunta resigned effective 9 Mar 2026; Karishma Patel resigned effective 10 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/220e2089-073d-46cf-aa04-ddd965a9825a.pdf) |
| 6 May - Board meets 9 May 2026 to consider asset sale, material RPTs, EGM, and Company Secretary resignation. | [Board Meeting Intimation for Consideration And Approval Of Matters Mentioned In The Notice 6 May - Board meets 9 May 2026 to consider asset sale, material RPTs, EGM, and Company Secretary resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/480cb477-c466-417c-90ad-0dc71c1a4922.pdf) |
| 3m - Narmolia Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1), 4 and 5A read with … | [Public Announcement - Open Offer 3m - Narmolia Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1), 4 and 5A read with …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8859A927-1017-404A-A4D6-9257F650DA18-193759.pdf) |
| 31 Mar - Board approved voluntary delisting; shareholder postal ballot to seek approval; due diligence, audit reports recorded. | [Board Meeting Outcome for Approval Of Voluntary Delisting By The Board Subject To Approval Of Shareholders 31 Mar - Board approved voluntary delisting; shareholder postal ballot to seek approval; due diligence, audit reports recorded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1538138e-fcf9-47b1-b69f-11f73bc96dcc.pdf) |
| 3 Feb - Inter-se share transfer deferred on 6 Feb 2026 due to KYC processing; will execute after demat activation. | [Updates on Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 3 Feb - Inter-se share transfer deferred on 6 Feb 2026 due to KYC processing; will execute after demat activation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4B1BB31D_2704_4F81_B65A_F5353534C4CF_173846.pdf) |
| 2d - Board approved sale of substantially whole undertaking assets; EGM on 18 May 2026 for approval. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 2d - Board approved sale of substantially whole undertaking assets; EGM on 18 May 2026 for approval.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b63eb3e-584d-47b5-abd5-04328b3b7353.pdf) |
| 2d - Board approved disposal of substantially whole undertaking, material RPTs, EGM on 18 May 2026, and CS resignation. | [Board Meeting Outcome for Outcome Of Board Meeting For Enclosed Matters 2d - Board approved disposal of substantially whole undertaking, material RPTs, EGM on 18 May 2026, and CS resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1f5cb21-e80a-475e-98df-cf1a625c2c0a.pdf) |
| 28 Mar - SFAL to acquire 70.61% via SPA; delisting/open offer for 59,83,928 shares at ₹22; offer May 11–22, 2026. | [Draft Letter of Offer 28 Mar - SFAL to acquire 70.61% via SPA; delisting/open offer for 59,83,928 shares at ₹22; offer May 11–22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98B6AEB4-AA28-4C0D-A193-DE3927FBECFC-112229.pdf) |
| 26 Mar - Board meeting 31 Mar 2026 to consider SFAL’s voluntary delisting offer; trading window closed from 25 Mar. | [Board Meeting Intimation for Voluntary Delisting Of Equity Shares Of The Company 26 Mar - Board meeting 31 Mar 2026 to consider SFAL’s voluntary delisting offer; trading window closed from 25 Mar.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea63f787-fd6e-4a01-aeee-a22f119ff642.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f9572c9-c5aa-4932-93c8-6af2153f44b2.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f7471eb-9e7d-465a-9cde-d417882ebe05.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54e239d0-bca3-4463-905d-1c55e043f78b.pdf) |
| Jan 2019 | [Concall - Jan 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/1/467d9103-3bc5-4dea-9b37-9ae76fb35930.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1fe59a3b-e1e2-4b73-a9c9-d0fc501d341a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/282c694f-406b-42a5-9d86-3c443686d7d1.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b08a7a6f-b7a8-4d5e-90fe-11cbc9eafdd5.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/223b3e0d-ebea-475b-93e9-9ff271269239.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/890f4dbb-5715-4856-9426-190e373f8c99.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c47fec8-8625-4543-ae18-a4b940c58ccb.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7f93922-7cea-4325-8e7e-ca80fd58bb1d.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/542248/75703542248.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/502294/75618502294.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/542248/71743542248.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502294/72219502294.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 2026-09-13T19:31:41.658Z.