---
title: "International Combustion (India) Ltd (505737) — Share Price, Financials & Analysis"
symbol: "505737"
company: "International Combustion (India) Ltd"
canonical: "https://tapetide.com/stocks/505737"
isin: "INE403C01014"
nse_symbol: "INTERNATIONALCOMBUSTIONLTD"
bse_code: "505737"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 121.07
generated_at: "2026-09-13T19:31:42.769Z"
---

# International Combustion (India) Ltd (505737)

Canonical page: https://tapetide.com/stocks/505737

## Company

- **NSE Symbol:** INTERNATIONALCOMBUSTIONLTD
- **BSE Code:** 505737
- **ISIN:** INE403C01014
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** internationalcombustion.in

## About

Incorporated in 1936, International 
Combustion (India) Ltd manufactures
 and supply Heavy Engineering Equipment, Geared Motors and Gear Boxes and Dry Mix Mortars[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:43:47.536922Z.

- **Market Cap:** ₹121.07 Cr
- **Classification:** Microcap
- **P/E (reported):** -21.9
- **EPS (TTM):** ₹-22.76
- **EPS (reported):** ₹66.99
- **Book Value:** ₹547.01
- **Price to Book:** 0.91
- **Dividend Yield:** 0.8%
- **ROE:** -1.97%
- **ROCE:** -0.35%
- **Debt to Equity:** 0.21
- **Revenue (yearly):** ₹125.9 Cr
- **Net Income:** ₹-1.9 Cr
- **EBITDA:** ₹4.5 Cr
- **52-Week High:** ₹891
- **52-Week Low:** ₹346
- **RSI (14):** 45.81

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Rising
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 33.59 | 9% |
| growth | 38.41 | 9% |
| momentum | 70.9 | 12% |
| ownership | 50 | 24% |
| quality | 45.56 | 22% |
| valuation | 79.72 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.90 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 8.14% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -174.31% | -157.76% | 28.31% |
| ebitda margin growth | 107.14% | -60.55% | -29.33% | 31.02% |
| net income growth | 78.95% | -154.29% | -24% | 10% |
| revenue growth | 294.59% | -7.83% | 10% | 22% |
| roce | -85.44% | -105.09% | -284.21% | 2.29% |
| roe | -78.73% | -154.12% | -0.34% | 80.73% |

## 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 | 73.35 | 73.36 | 81.27 | 59.53 | 63.83 | 82.79 | 86.83 | 59.89 | 75.33 | 72.19 | 86 | 65.91 |
| Expenses | 63.95 | 63.28 | 73.43 | 54.7 | 61.1 | 73.98 | 79.76 | 58.55 | 73.11 | 72.68 | 82.76 | 68.45 |
| Operating Profit | 9.4 | 10.08 | 7.84 | 4.83 | 2.73 | 8.81 | 7.07 | 1.34 | 2.22 | -0.49 | 3.24 | -2.54 |
| OPM % | 12.82 | 13.74 | 9.65 | 8.11 | 4.28 | 10.64 | 8.14 | 2.24 | 2.95 | -0.68 | 3.77 | -3.85 |
| Other Income | 0.26 | 0.17 | 1.1 | 0.34 | 0.4 | 2.77 | 0.37 | 0.43 | 0.24 | 0.39 | -0.31 | 0.57 |
| Interest | 0.84 | 0.77 | 0.66 | 1.57 | 1.3 | 1.22 | 0.91 | 1.04 | 0.7 | 0.77 | 0.96 | 0.83 |
| Depreciation | 1.23 | 1.26 | 1.4 | 1.48 | 1.57 | 1.61 | 1.7 | 1.66 | 1.63 | 1.73 | 1.77 | 1.67 |
| Profit before tax | 7.59 | 8.22 | 6.88 | 2.12 | 0.26 | 8.75 | 4.83 | -0.93 | 0.13 | -2.6 | 0.2 | -4.47 |
| Tax % | 33.86 | 32.85 | 46.22 | 16.51 | 19.23 | 29.49 | -40.58 | 0 | 15.38 | 2.31 | -440 | -10.74 |
| Net Profit | 5.02 | 5.51 | 3.7 | 1.77 | 0.21 | 6.17 | 6.79 | -0.93 | 0.12 | -2.65 | 1.08 | -3.99 |
| EPS in Rs | 21 | 23.05 | 15.48 | 7.4 | 0.88 | 25.81 | 28.41 | -3.89 | 0.5 | -11.09 | 4.52 | -16.69 |

### 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 | 108 | 134 | 124 | 110 | 169 | 223 | 297 | 293 | 293 | 299 |
| Expenses | 105 | 124 | 121 | 111 | 158 | 205 | 258 | 270 | 287 | 297 |
| Operating Profit | 3 | 10 | 3 | -1 | 11 | 17 | 38 | 23 | 6 | 2 |
| OPM % | 2.5 | 7 | 2.1 | -1.2 | 6 | 8 | 13 | 8 | 2.1 | 0.8 |
| Other Income | 3 | 2 | 2 | 1 | 1 | 1 | 2 | 4 | 1 | 1 |
| Interest | 4 | 3 | 3 | 2 | 2 | 2 | 3 | 5 | 3 | 3 |
| Depreciation | 5 | 5 | 5 | 4 | 5 | 4 | 5 | 6 | 7 | 7 |
| Profit before tax | -4 | 4 | -3 | -7 | 5 | 12 | 32 | 16 | -3 | -7 |
| Tax % | -35 | 14 | -41 | -22 | 21 | 31 | 38 | 9 | -25 | — |
| Net Profit | -2 | 4 | -2 | -5 | 4 | 8 | 20 | 15 | -2 | -5 |
| EPS in Rs | -9.83 | 14.89 | -7.82 | -21.63 | 17.36 | 34.77 | 83.46 | 62.54 | -10 | -22.76 |
| Dividend Payout % | 0 | 7 | 0 | 0 | 12 | 9 | 6 | 6 | 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 94 | 92 | 95 | 92 | 87 | 92 | 99 | 118 | 131 | 128 |
| Borrowings | 35 | 28 | 23 | 26 | 14 | 9 | 13 | 31 | 33 | 27 |
| Other Liabilities | 32 | 36 | 41 | 39 | 39 | 46 | 55 | 72 | 64 | 76 |
| Total Liabilities | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |
| Fixed Assets | 50 | 47 | 44 | 45 | 42 | 39 | 39 | 57 | 60 | 59 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 3 | 0 | 1 |
| Investments | 31 | 25 | 22 | 18 | 15 | 11 | 11 | 9 | 12 | 13 |
| Other Assets | 83 | 86 | 95 | 96 | 86 | 98 | 115 | 154 | 158 | 162 |
| Total Assets | 164 | 158 | 161 | 160 | 142 | 149 | 169 | 223 | 230 | 234 |

### 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 | 11 | 7 | 5 | -4 | 11 | 8 | 5 | 6 | 12 | 23 |
| Cash from Investing Activity | -8 | 4 | 3 | 5 | 3 | 1 | -9 | -19 | -8 | -12 |
| Cash from Financing Activity | -4 | -11 | -8 | 0 | -14 | -7 | 2 | 14 | -5 | -10 |
| Net Cash Flow | 0 | 0 | 0 | 1 | 0 | 3 | -3 | 1 | 0 | 0 |
| Free Cash Flow | 1 | 3 | 4 | -10 | 10 | 6 | -5 | -15 | 7 | 16 |
| CFO/OP | 329 | 272 | 55 | -97 | -829 | 89 | 40 | 30 | 71 | 385 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 130 | 131 | 111 | 113 | 97 | 77 | 76 | 83 | 90 | 85 |
| Inventory Days | 258 | 255 | 229 | 300 | 287 | 189 | 164 | 166 | 155 | 150 |
| Days Payable | 148 | 167 | 149 | 160 | 167 | 115 | 103 | 106 | 94 | 111 |
| Cash Conversion Cycle | 239 | 220 | 191 | 254 | 217 | 151 | 137 | 143 | 152 | 125 |
| Working Capital Days | 97 | 96 | 83 | 82 | 91 | 76 | 65 | 65 | 71 | 55 |
| ROCE % | 5 | 0 | 6 | 0 | -4 | 7 | 13 | 26 | 12 | 0 |

## 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 | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.58% | 0.61% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 38.75% | 38.66% | 39.25% | 39.24% | 39.6% | 40.36% | 40.93% | 40.76% | 39.76% | 39.62% | 39.83% | 39.32% |
| Others | 8.36% | 8.45% | 7.86% | 7.3% | 6.91% | 6.75% | 6.18% | 6.36% | 7.35% | 7.49% | 7.29% | 7.79% |
| No. of Shareholders | 5099 | 5376 | 6531 | 6757 | 8325 | 8553 | 8483 | 8462 | 8206 | 8032 | 7890 | 7697 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 500.83 | Sell |
| EMA (10) | 498.83 | Sell |
| SMA (20) | 496.77 | Sell |
| EMA (20) | 502.74 | Sell |
| SMA (50) | 534.53 | Sell |
| EMA (50) | 513.68 | Sell |
| SMA (100) | 520.58 | Sell |
| EMA (100) | 519.5 | Sell |
| SMA (200) | 519.13 | Sell |
| EMA (200) | 555.93 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.39 | Neutral |
| MACD (12,26,9) | -6.72 | Buy |
| Stochastic (14,3,3) | 28.97 | Neutral |
| ADX (14) | 19.7 | Neutral |
| Williams %R (14) | -76.12 | Neutral |
| ATR (14) | 21.6 | High Volatility |
| ROC (12) | 2.16 | Buy |
| Stoch RSI (14) | 54.02 | Neutral |
| UO (7,14,28) | 38.36 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd647fcd-516e-42ce-996e-94acf9891b78.pdf) |
| 2026-08-20 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=648a42f2-8fe6-4afa-af1c-50fb51a7038f.pdf) |
| 2026-08-20 | [Reappointment Of Executive Director (Whole Time Director)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09f4af4e-8508-411c-83e6-9bd88e7a2d2f.pdf) |
| 2026-08-19 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba5afb29-339c-4d30-9097-8d90fc0fadef.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9544cd93-3a3e-4fdf-9949-67f03d370d76.pdf) |
| 2026-07-30 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c35df664-fc51-480e-be21-e740ecb24ff0.pdf) |
| 2026-07-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71a2136b-c82f-4633-8efe-2b0db81bce6f.pdf) |
| 2026-07-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d094a9b-13d2-4618-ae9e-ec9ec02cd7fd.pdf) |
| 2026-07-24 | [Notice Of 90Th AGM To Be Held On Wednesday 19Th August 2026 At 2:00 Pm (IST)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b91fdf93-3004-4101-9059-47cd377bcbc2.pdf) |
| 2026-07-24 | [Letter To Shareholders Whose Email Addresses Are Not Registered Providing Website Link Of The Annual Report For FY 2025-26 Including The Notice Of The 90Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a457d8cc-1c7d-4661-b538-51e8264c34d3.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Unaudited Financial Results 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b35d87f-fff4-41b0-b474-690f456642cd.pdf) |
| 2026-05-28 | [Audited Financial Results (Standalone) Of The Company For The Quarter And Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ead9967-cccb-4ab9-99f6-2cdb332d3256.pdf) |
| 2026-02-06 | [Unaudited Financial Results (Standalone) For The Third Quarter And Nine Months Period Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc6fe25b-8bf8-406b-8f1b-f5d7e2158ce6.pdf) |
| 2025-11-04 | [Unaudited Financial Results (Standalone) For The Second Quarter And Half-Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8d18059-0b19-4402-89e1-32f8cfb899fc.pdf) |
| 2025-07-31 | [Unaudited Financial Results (Standalone) For The First Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d1a9ce3-1c2c-4d6a-8d57-0d668472001f.pdf) |
| 2025-05-26 | [Audited Financial Results (Standalone) For The Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=062ae26f-1d0c-4ac8-86e3-73119b957202.pdf) |
| 2025-02-12 | [Unaudited Financial Results (Standalone) For The Third Quarter And Nine Months Period Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d5747a5-a2e8-4e65-827e-4399c92d3ff1.pdf) |
| 2024-11-05 | [Unaudited Financial Results (Standalone) For The Second Quarter And Half-Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=733400f9-b26f-4a02-b8eb-0ea1f5d1e81f.pdf) |
| 2024-07-18 | [Unaudited Financial Results (Standalone) For The First Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79651ee8-5b8f-4f13-a5a7-777497432344.pdf) |
| 2024-05-30 | [Audited Financial Results (Standalone) For The Financial Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a547d18-e3d8-40c5-8f51-c3096776099e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018, for the quarter ended 31st March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018, for the quarter ended 31st March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bdae36a-c38a-480e-b528-82970bcd00a3.pdf) |
| 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018, for the quarter ended 31st March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018, for the quarter ended 31st March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/714d4403-9f3b-454d-84a5-705714030b14.pdf) |
| 31 Mar - Company Secretary P.R. Sivasankar resigns effective 31 Mar 2026; Kundan Jaiswal appointed from 1 Apr 2026 and as Compliance Officer. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 31 Mar - Company Secretary P.R. Sivasankar resigns effective 31 Mar 2026; Kundan Jaiswal appointed from 1 Apr 2026 and as Compliance Officer.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f841d68a-5dd7-4559-9ad0-e9580218a559.pdf) |
| 31 Jan - Board meeting on 6 Feb 2026 to approve Q3/9M unaudited results; trading window closed till 10 Feb 2026. | [Board Meeting Intimation for Unaudited Financial Results (Standalone) For The Third Quarter And Nine Months' Period Ended 31St December, 2025 31 Jan - Board meeting on 6 Feb 2026 to approve Q3/9M unaudited results; trading window closed till 10 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff7d0d9e-2355-4305-8725-286630436b1f.pdf) |
| 30 Apr - Board re-appointed Rana Pratap Singh as Whole-Time Director from May 1, 2026 to April 30, 2029. | [Announcement under Regulation 30 (LODR)-Change in Directorate 30 Apr - Board re-appointed Rana Pratap Singh as Whole-Time Director from May 1, 2026 to April 30, 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd3fd1ac-340d-4481-8c74-f97ede7cdc71.pdf) |
| 30 Apr - Board re-appointed Rana Pratap Singh as Whole-Time Director from May 1, 2026 to April 30, 2029. | [Announcement under Regulation 30 (LODR)-Change in Directorate 30 Apr - Board re-appointed Rana Pratap Singh as Whole-Time Director from May 1, 2026 to April 30, 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd3fd1ac-340d-4481-8c74-f97ede7cdc71.pdf) |
| 28 Apr - CRISIL reaffirmed ratings on ₹125 crore bank facilities; valid until March 31, 2027. | [Announcement under Regulation 30 (LODR)-Credit Rating 28 Apr - CRISIL reaffirmed ratings on ₹125 crore bank facilities; valid until March 31, 2027.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d77fd41f-e1ff-4f31-977b-af8b4f4aab98.pdf) |
| 28 Apr - CRISIL reaffirmed ratings on ₹125 crore bank facilities; valid until March 31, 2027. | [Announcement under Regulation 30 (LODR)-Credit Rating 28 Apr - CRISIL reaffirmed ratings on ₹125 crore bank facilities; valid until March 31, 2027.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d77fd41f-e1ff-4f31-977b-af8b4f4aab98.pdf) |
| 27 Feb - Special window for transfer/demat of physical shares (pre-1 Apr 2019), open 5 Feb 2026–4 Feb 2027. | [Special Window For Transfer And Dematerialisation Of Physical Shares 27 Feb - Special window for transfer/demat of physical shares (pre-1 Apr 2019), open 5 Feb 2026–4 Feb 2027.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8e13682-15f0-4a3c-8071-94af31efb5c5.pdf) |
| 27 Feb - CRISIL reaffirmed long-term CRISIL BBB and short-term A3+; Negative outlook, 27 Feb 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 27 Feb - CRISIL reaffirmed long-term CRISIL BBB and short-term A3+; Negative outlook, 27 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3196eb61-e3f7-4b29-b76e-73c3e1b005cb.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d094a9b-13d2-4618-ae9e-ec9ec02cd7fd.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31ba9039-4338-4ad5-a09e-28f78246bb9e.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db2b303a-6fd6-4f87-9e2c-a81b5b4a072f.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abf5888e-c582-4d00-bc38-86042b1b3814.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8842c95-0b04-49b6-a966-ece90670a7d7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0e6125d-93e0-446a-a5e5-88bb2fbc4d00.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1aad118-aca5-4846-a147-3df0ad86945c.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/505737/74993505737.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/505737/71444505737.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/505737/66439505737.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 2026-09-13T19:31:42.769Z.