---
title: "CTR Manufacturing Industries Ltd (503968) — Share Price, Financials & Analysis"
symbol: "503968"
company: "CTR Manufacturing Industries Ltd"
canonical: "https://tapetide.com/stocks/503968"
isin: "INE372G01012"
bse_code: "503968"
generated_at: "2026-10-13T11:01:45.872Z"
---

# CTR Manufacturing Industries Ltd (503968)

Canonical page: https://tapetide.com/stocks/503968

## Company

- **BSE Code:** 503968
- **ISIN:** INE372G01012
- **Stock Type:** EQUITY
- **Face Value:** ₹100
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 23.3%

### Weaknesses

- Company has high debtors of 191 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 19% | 29% | 27% |
| revenue growth | 15% | 21% | 17% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45.23 | 43.66 | 45.34 | 33.58 | 39.45 | 45.15 | 50.47 | 43.89 | 51.56 | 50.57 | 51.8 | 49.78 |
| Expenses | 41.79 | 39.93 | 41.16 | 31.46 | 36.47 | 41.14 | 45.39 | 39.29 | 47.83 | 46.28 | 48.1 | 45.19 |
| Operating Profit | 3.44 | 3.73 | 4.18 | 2.12 | 2.98 | 4.01 | 5.08 | 4.6 | 3.73 | 4.29 | 3.7 | 4.59 |
| OPM % | 7.61 | 8.54 | 9.22 | 6.31 | 7.55 | 8.88 | 10.07 | 10.48 | 7.23 | 8.48 | 7.14 | 9.22 |
| Other Income | 0.21 | 0.14 | 0.09 | 0.25 | 0.45 | 0.15 | 0.23 | 0.02 | 0.27 | 0.2 | 0.48 | 0.55 |
| Interest | 1.47 | 1.49 | 1.8 | 1.18 | 1.53 | 1.62 | 1.62 | 1.8 | 2.03 | 1.92 | 1.78 | 1.84 |
| Depreciation | 0.82 | 0.86 | 0.95 | 0.92 | 0.91 | 0.93 | 0.97 | 1.06 | 1.09 | 1.16 | 1.19 | 1.19 |
| Profit before tax | 1.36 | 1.52 | 1.52 | 0.27 | 0.99 | 1.61 | 2.72 | 1.76 | 0.88 | 1.41 | 1.21 | 2.11 |
| Tax % | 21.32 | 6.58 | 47.37 | 55.56 | 34.34 | 16.77 | 31.25 | 34.09 | 17.05 | 25.53 | 32.23 | 29.38 |
| Net Profit | 1.07 | 1.41 | 0.8 | 0.11 | 0.64 | 1.34 | 1.87 | 1.16 | 0.73 | 1.05 | 0.81 | 1.49 |
| EPS in Rs | 2.14 | 2.82 | 1.6 | 0.22 | 1.28 | 2.68 | 3.74 | 2.32 | 1.46 | 2.1 | 1.62 | 2.98 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 112 | 136 | 147 | 151 | 164 | 183 | 208 | 292 | 317 | 365 |
| Expenses | 89 | 109 | 117 | 127 | 136 | 153 | 171 | 238 | 256 | 294 |
| Operating Profit | 23 | 27 | 30 | 24 | 28 | 30 | 37 | 54 | 61 | 71 |
| OPM % | 20 | 20 | 21 | 16 | 17 | 16 | 18 | 18 | 19 | 19 |
| Other Income | 0 | 0 | 0 | -1 | -2 | 0 | 1 | 1 | 1 | 3 |
| Interest | 3 | 3 | 5 | 6 | 7 | 7 | 6 | 4 | 4 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 5 |
| Profit before tax | 19 | 22 | 23 | 16 | 17 | 20 | 28 | 47 | 53 | 64 |
| Tax % | 36 | 34 | 32 | 31 | 36 | 27 | 29 | 30 | 34 | 35 |
| Net Profit | 12 | 14 | 15 | 11 | 11 | 14 | 20 | 33 | 35 | 42 |
| Dividend Payout % | 5 | 5 | 4 | 6 | 6 | 5 | 4 | 26 | 24 | 20 |

### Balance Sheet

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 38 | 52 | 66 | 76 | 86 | 99 | 120 | 152 | 182 | 223 |
| Borrowings | 30 | 36 | 46 | 53 | 56 | 53 | 40 | 21 | 28 | 17 |
| Other Liabilities | 39 | 36 | 40 | 55 | 55 | 63 | 73 | 111 | 133 | 145 |
| Total Liabilities | 110 | 126 | 155 | 187 | 200 | 218 | 234 | 285 | 345 | 386 |
| Fixed Assets | 23 | 30 | 37 | 50 | 56 | 55 | 66 | 74 | 103 | 112 |
| CWIP | 12 | 12 | 16 | 16 | 19 | 21 | 10 | 11 | 9 | 16 |
| Investments | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Other Assets | 70 | 79 | 96 | 115 | 120 | 137 | 152 | 194 | 228 | 254 |
| Total Assets | 110 | 126 | 155 | 187 | 200 | 218 | 234 | 285 | 345 | 386 |

### Cash Flow

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 7 | 10 | 15 | 15 | — | 25 | 36 | 34 | 36 |
| Cash from Investing Activity | -17 | -9 | -14 | -14 | -11 | — | -4 | -13 | -31 | -21 |
| Cash from Financing Activity | 10 | 2 | 4 | -1 | -5 | — | -21 | -22 | -1 | -15 |
| Net Cash Flow | 1 | -1 | 0 | 0 | -1 | — | 0 | 0 | 3 | -1 |
| Free Cash Flow | -5 | -2 | -4 | 1 | 4 | — | 20 | 22 | 3 | 14 |
| CFO/OP | 4 | 52 | 57 | 75 | 68 | — | 87 | 92 | 84 | 80 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 135 | 136 | 147 | 171 | 162 | 170 | 170 | 172 | 193 | 191 |
| Inventory Days | 66 | 70 | 68 | 92 | 90 | 83 | 85 | 50 | 55 | 56 |
| Days Payable | 129 | 109 | 121 | 171 | 150 | 160 | 150 | 178 | 189 | 187 |
| Cash Conversion Cycle | 71 | 97 | 94 | 92 | 101 | 94 | 104 | 44 | 58 | 60 |
| Working Capital Days | 99 | 115 | 127 | 144 | 148 | 153 | 144 | 111 | 120 | 115 |
| ROCE % | 36 | 32 | 29 | 19 | 19 | 18 | 21 | 30 | 30 | 30 |

## Shareholding Pattern

### annual

| Category | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% |
| DIIs | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% |
| Public | 21.72% | 21.72% | 21.71% | 21.71% | 21.72% | 21.72% |
| No. of Shareholders | 755 | 795 | 1160 | 2042 | 1951 | 1870 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% | 74.98% |
| DIIs | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% | 3.3% |
| Public | 21.71% | 21.71% | 21.72% | 21.71% | 21.71% | 21.72% | 21.72% | 21.72% | 21.72% | 21.72% | 21.72% | 21.72% |
| No. of Shareholders | 1160 | 1354 | 1522 | 2030 | 2042 | 2002 | 2025 | 1996 | 1951 | 1918 | 1909 | 1870 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 70.37 | Sell |
| EMA (10) | 71.01 | Sell |
| SMA (20) | 76.06 | Sell |
| EMA (20) | 74.44 | Sell |
| SMA (50) | 80.95 | Sell |
| EMA (50) | 78.38 | Sell |
| SMA (100) | 80.52 | Sell |
| EMA (100) | 78.57 | Sell |
| SMA (200) | 75.84 | Sell |
| EMA (200) | 76.24 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.24 | Buy |
| MACD (12,26,9) | -3.98 | Sell |
| Stochastic (14,3,3) | 9.54 | Buy |
| ADX (14) | 34.4 | Buy |
| Williams %R (14) | -91.53 | Buy |
| ATR (14) | 2.8 | High Volatility |
| ROC (12) | -18.93 | Sell |
| Stoch RSI (14) | 14.89 | Buy |
| UO (7,14,28) | 41.64 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42145ce4-2b22-431b-bd5a-e8987f006a1c.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92e1378f-18b7-4b49-b137-1e208dbabf83.pdf) |
| 2026-02-14 | [Unaudited Financial Results For The Quarter And Nine Month Ended 31St December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aab85a52-b9ac-4e3e-a231-ac082b11c901.pdf) |
| 2026-02-06 | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Quarter And Nine Month Ended 31St December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f200651-fe69-41d7-85a9-9f143d4e8db5.pdf) |
| 2026-01-05 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2147bc8-730d-4ce0-903e-bdec2e24a904.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af850551-1144-45c4-9677-4430a862fc70.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bfff667-2ff2-408a-93d7-14731070f3ba.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90d89d36-f5fb-4199-8feb-24f6c77822e6.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/543229/76542543229.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/543229/71530543229.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-06 | Credit rating update — Infomerics |
| 2025-09-30 | Credit rating update — CRISIL |
| 2025-06-18 | Credit rating update — CRISIL |
| 2025-05-27 | Credit rating update — CRISIL |
| 2024-03-30 | Credit rating update — CRISIL |
| 2023-01-02 | Credit rating update — CRISIL |
| 2020-03-19 | Credit rating update — ICRA |
| 2019-01-22 | Credit rating update — ICRA |
| 2017-10-24 | Credit rating update — ICRA |

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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 2026-10-13T11:01:45.872Z.