---
title: "Trade-Wings Ltd (509953) — Share Price, Financials & Analysis"
symbol: "509953"
company: "Trade-Wings Ltd"
canonical: "https://tapetide.com/stocks/509953"
isin: "INE961E01017"
nse_symbol: "TRADEWINGSLTD"
bse_code: "509953"
sector: "Leisure Services"
industry: "Tour & Travel"
market_cap_cr: 145.5
generated_at: "2026-09-13T21:13:56.643Z"
---

# Trade-Wings Ltd (509953)

Canonical page: https://tapetide.com/stocks/509953

## Company

- **NSE Symbol:** TRADEWINGSLTD
- **BSE Code:** 509953
- **ISIN:** INE961E01017
- **Sector:** Leisure Services
- **Industry:** Tour & Travel
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tradewings.in

## About

Trade-Wings incorporated in 1949, engaged in the business of travel and travel related services, working as travel agent and tour operator, Cargo and Foreign Exchange business and also engaged in hoteliering business.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:47.817271Z.

- **Market Cap:** ₹145.5 Cr
- **Classification:** Microcap
- **P/E (reported):** 107.3
- **EPS (TTM):** ₹4.5
- **Book Value:** ₹-31.85
- **Price to Book:** -15.22
- **Dividend Yield:** 0%
- **ROE:** -26.14%
- **ROCE:** 45.64%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹270.6 Cr
- **Net Income:** ₹2.4 Cr
- **EBITDA:** ₹7.9 Cr
- **52-Week High:** ₹846.45
- **52-Week Low:** ₹47.04
- **RSI (14):** 8.43

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Earnings include an other income of Rs.8.58 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -47.64% | -18.62% | 11.46% |
| ebitda margin growth | -91.89% | -15.9% | -15.16% | -200.69% |
| net income growth | -130% | -36.84% | -10% | 18% |
| revenue growth | -0.28% | 5.79% | 7% | 48% |
| roce | -110.41% | -12.98% | -22.58% | 35.84% |
| roe | -129.73% | -25.4% | -27.48% | -159.46% |

## 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 | 52.23 | 61.99 | 62.35 | 65.86 | 52.47 | 67.58 | 63.49 | 67.6 | 58.9 | 67.12 | 68.49 | 67.89 |
| Expenses | 53.44 | 59.66 | 60.73 | 66.95 | 54.18 | 65.35 | 60.56 | 68.47 | 61.38 | 66.17 | 66.71 | 69.93 |
| Operating Profit | -1.21 | 2.33 | 1.62 | -1.09 | -1.71 | 2.23 | 2.93 | -0.87 | -2.48 | 0.95 | 1.78 | -2.04 |
| OPM % | -2.32 | 3.76 | 2.6 | -1.66 | -3.26 | 3.3 | 4.61 | -1.29 | -4.21 | 1.42 | 2.6 | -3 |
| Other Income | 1.02 | 1.07 | 1.63 | 1.32 | 1.19 | 1.66 | 2.23 | 2.25 | 2.08 | 2.25 | 1.91 | 2.34 |
| Interest | 0.81 | 0.82 | 0.95 | 0.68 | 0.7 | 0.71 | 0.88 | 0.68 | 0.93 | 1.39 | 0.87 | 0.55 |
| Depreciation | 0.45 | 0.36 | 0.41 | 0.63 | 0.1 | 0.36 | 1.07 | 0.55 | 0.61 | 0.6 | 0.52 | 0.62 |
| Profit before tax | -1.45 | 2.22 | 1.89 | -1.08 | -1.32 | 2.82 | 3.21 | 0.15 | -1.94 | 1.21 | 2.3 | -0.87 |
| Tax % | 0 | 0 | 24.34 | 0 | 0 | 0 | -5.92 | 0 | 0 | 0 | -29.13 | 0 |
| Net Profit | -1.46 | 2.22 | 1.43 | -1.08 | -1.32 | 2.81 | 3.39 | 0.16 | -1.94 | 1.21 | 2.96 | -0.88 |
| EPS in Rs | -4.87 | 7.4 | 4.77 | -3.6 | -4.4 | 9.37 | 11.3 | 0.53 | -6.47 | 4.03 | 9.87 | -2.93 |

### 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 | 290 | 307 | 248 | 37 | 87 | 214 | 242 | 250 | 262 | 262 |
| Expenses | 291 | 306 | 249 | 41 | 88 | 210 | 239 | 247 | 262 | 264 |
| Operating Profit | -1 | 0 | -2 | -3 | -1 | 4 | 4 | 3 | 0 | -2 |
| OPM % | -0.2 | 0.2 | -0.6 | -8 | -0.9 | 1.9 | 1.5 | 1.2 | -0.2 | -0.7 |
| Other Income | 6 | 7 | 5 | 2 | 3 | 4 | 5 | 6 | 8 | 9 |
| Interest | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 1 | -2 | -6 | -3 | 3 | 4 | 4 | 2 | 1 |
| Tax % | 21 | 16 | 7 | 13 | 8 | -13 | 13 | -5 | -39 | — |
| Net Profit | 0 | 1 | -2 | -7 | -3 | 3 | 3 | 4 | 2 | 1 |
| EPS in Rs | 1.3 | 4.17 | -5.63 | -24.1 | -10.5 | 11.1 | 10.37 | 12.67 | 7.97 | 4.5 |
| 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | -11 | -11 | -10 | -12 | -19 | -22 | -20 | -18 | -14 | -12 |
| Borrowings | 24 | 30 | 33 | 24 | 25 | 23 | 24 | 25 | 24 | 20 |
| Other Liabilities | 44 | 45 | 40 | 49 | 52 | 53 | 48 | 43 | 44 | 45 |
| Total Liabilities | 60 | 68 | 66 | 64 | 60 | 56 | 55 | 54 | 57 | 56 |
| Fixed Assets | 21 | 24 | 25 | 27 | 26 | 24 | 23 | 25 | 24 | 22 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 39 | 43 | 39 | 35 | 35 | 31 | 32 | 28 | 33 | 34 |
| Total Assets | 60 | 68 | 66 | 64 | 60 | 56 | 55 | 54 | 57 | 56 |

### 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 | 7 | 3 | 3 | 5 | 3 | 3 | 5 | 5 | 7 | 4 |
| Cash from Investing Activity | -2 | -4 | -2 | -2 | 1 | 0 | 0 | -3 | -1 | 0 |
| Cash from Financing Activity | -3 | 0 | -2 | -3 | -3 | -4 | -4 | -3 | -3 | -4 |
| Net Cash Flow | 1 | -1 | -1 | 0 | 1 | 0 | 1 | -2 | 3 | 0 |
| Free Cash Flow | 4 | -1 | 0 | 3 | 4 | 3 | 5 | 2 | 6 | 4 |
| CFO/OP | -407 | -344 | 804 | -371 | -68 | -496 | 125 | 134 | 255 | -915 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 30 | 30 | 29 | 31 | 141 | 83 | 35 | 28 | 31 | 30 |
| Inventory Days | 4 | 6 | 4 | 4 | 23 | 8 | 3 | — | 3 | 3 |
| Days Payable | 22 | 24 | 24 | 17 | 131 | 75 | 30 | — | 24 | 20 |
| Cash Conversion Cycle | 11 | 12 | 9 | 18 | 33 | 17 | 8 | 28 | 10 | 12 |
| Working Capital Days | -26 | -25 | -16 | -24 | -179 | -68 | -28 | -26 | -28 | -24 |
| ROCE % | 29 | 22 | 25 | 11 | -21 | 10 | 137 | 82 | 56 | 46 |

## 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 | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 4.32% | 4.32% | 4.32% | 4.32% | 4.32% | 4.31% | 4.31% | 4.31% | 4.31% | 4.3% | 4.35% | 4.35% |
| Others | 20.72% | 20.72% | 20.72% | 20.72% | 20.72% | 20.73% | 20.73% | 20.73% | 20.73% | 20.73% | 20.69% | 20.68% |
| No. of Shareholders | 730 | 730 | 730 | 730 | 730 | 731 | 731 | 731 | 731 | 733 | 834 | 825 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 2 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 519.54 | Sell |
| EMA (10) | 517.24 | Sell |
| SMA (20) | 566.51 | Sell |
| EMA (20) | 545.98 | Sell |
| SMA (50) | 578.46 | Sell |
| EMA (50) | 570.87 | Sell |
| SMA (100) | 578.25 | Sell |
| EMA (100) | 559.1 | Sell |
| SMA (200) | 473.33 | Buy |
| EMA (200) | 480.42 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.27 | Buy |
| MACD (12,26,9) | -30.71 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 23.95 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 19.11 | High Volatility |
| ROC (12) | -21.06 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 12.25 | Buy |

## 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=9111d26f-2ae4-4039-8e32-fc005b688e66.pdf) |
| 2026-09-02 | [Intimation Of Book Closure Date For 76Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f32fe455-9330-4ac4-a56d-3a8a5cb39fc5.pdf) |
| 2026-09-02 | [Intimation Of E-Voting Period](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d2641fc-b6a4-407a-88d4-82177f208e63.pdf) |
| 2026-08-29 | [Notice Of 76Th Annual General Meeting Scheduled To Be Held On Thursday 24Th September 2026 At 10:30 Am At The Registered Office Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b23a8ad-821a-484a-a0a2-5377a8f28643.pdf) |
| 2026-08-29 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=187ea066-5f0f-43e2-9c88-2e9c8aa62648.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d75e1897-ea7c-4105-af6b-a9480a25d020.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday 13Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b714a864-0a90-4d1a-8046-5b47cbe6c4f8.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Intimation Regarding Board Meeting Pursuant To Regulation 29 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6328a4ad-52a1-4fbf-9ec6-4b9359ab8406.pdf) |
| 2026-07-20 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb6616fa-35a9-41bd-9c76-e180d9fae254.pdf) |
| 2026-06-18 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b7d8549-1145-4f39-a20d-b52f6345bef0.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Submission Of Un-Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The First Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4f9030a-0ee1-404e-992a-8751049a8824.pdf) |
| 2026-06-01 | [Submission Of Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Financial Year Ended 31St March 2026;](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3ae8c24-4666-401a-b438-8b107215c16f.pdf) |
| 2026-05-28 | [Submission Of Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Financial Year Ended 31St March 2026;](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73e318d8-3723-4da0-bd5e-014dfa2a85dc.pdf) |
| 2026-02-12 | [Submission Of Un-Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Third Quarter Ended December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=979b792c-d094-4ab0-babd-495241b69df9.pdf) |
| 2025-11-17 | [Resubmission Of Quarterly Financial Results For The Second Quater And Half Year Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9858a0a6-8a97-4a47-bafa-2a3e7616dd91.pdf) |
| 2025-11-14 | [Submission Of Quarterly Financial Results (Standalone And Consolidated) For The Second Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87b07c8c-6c96-4b89-a41c-0ecf3aaea0be.pdf) |
| 2025-08-12 | [Submission Of Unaudited Financial Results (Standalone & Consolidated) And Limited Review Report Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The First Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1c03e6d-3c95-4636-8330-01fafa4d2c4e.pdf) |
| 2025-05-29 | [Financial Results (Standalone And Consolidated) For The Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da29ef9a-b9d5-4b84-a3ed-1f0e1afc6827.pdf) |
| 2025-02-12 | [In Terms Of Regulation 33 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015Un-Audited Financial Results (Standalone And Consolidated) Of The Company Along With The Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b08cd217-bc66-48ef-bed2-f4efda903b5d.pdf) |
| 2024-11-12 | [Submission Of Un-Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 For The Second Quarter Ended September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92a710e1-6d8d-49cd-846a-45b7b7e20321.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Board meets 27 May 2026 to approve FY2026 audited results and consider appointing Ms. Paridhi Somani as President. | [Board Meeting Intimation for Intimation Regarding Board Meeting Pursuant To Regulation 29 Of SEBI (LODR) Regulations, 2015. 8 May - Board meets 27 May 2026 to approve FY2026 audited results and consider appointing Ms. Paridhi Somani as President.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3b2a99ed-3b2f-4b8e-a574-f1f515c51c05.pdf) |
| 29 Apr - Trade Wings says Regulation 23(9) RPT disclosure is not applicable for FY ended March 31, 2026. | [Non-Applicability Of 23(9) Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 For Disclosure Of Related Party Transactions 29 Apr - Trade Wings says Regulation 23(9) RPT disclosure is not applicable for FY ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4efa65bc-d9e7-458a-96e5-935f23b688fc.pdf) |
| 29 Apr - Trade Wings says Regulation 23(9) RPT disclosure is not applicable for FY ended March 31, 2026. | [Non-Applicability Of 23(9) Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 For Disclosure Of Related Party Transactions 29 Apr - Trade Wings says Regulation 23(9) RPT disclosure is not applicable for FY ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4efa65bc-d9e7-458a-96e5-935f23b688fc.pdf) |
| 29 Apr - Trade Wings Ltd confirms it is not a Large Corporate under SEBI debt fundraising norms. | [Intimation For Non - Applicability Of SEBI Circular Dated October 19, 2023 For Revision In The Framework For Fund Raising By Issuance Of Debt Securities By Large Corporates (Lcs). 29 Apr - Trade Wings Ltd confirms it is not a Large Corporate under SEBI debt fundraising norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d46ced1-d3b6-4613-9180-a1d0918b5427.pdf) |
| 29 Apr - Trade Wings Ltd confirms it is not a Large Corporate under SEBI debt fundraising norms. | [Intimation For Non - Applicability Of SEBI Circular Dated October 19, 2023 For Revision In The Framework For Fund Raising By Issuance Of Debt Securities By Large Corporates (Lcs). 29 Apr - Trade Wings Ltd confirms it is not a Large Corporate under SEBI debt fundraising norms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3d46ced1-d3b6-4613-9180-a1d0918b5427.pdf) |
| 29 Apr - Trade Wings Limited հայտնում it is not a Large Corporate as of 31 March 2026. | [Non-Applicability Of SEBI CIRCULAR SEBI/HO/DDHS/CIR/P/2018/144 DATED 26TH NOVEMBER, 2018 - FUND RAISING BY ISSUANCE OF DEBT SECURITIES BY LARGE ENTITIES 29 Apr - Trade Wings Limited հայտնում it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2823e582-207b-4662-ad40-8cfb6ebbcf56.pdf) |
| 29 Apr - Trade Wings Limited հայտնում it is not a Large Corporate as of 31 March 2026. | [Non-Applicability Of SEBI CIRCULAR SEBI/HO/DDHS/CIR/P/2018/144 DATED 26TH NOVEMBER, 2018 - FUND RAISING BY ISSUANCE OF DEBT SECURITIES BY LARGE ENTITIES 29 Apr - Trade Wings Limited հայտնում it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2823e582-207b-4662-ad40-8cfb6ebbcf56.pdf) |
| 23 Jan - Board meeting on Feb 12, 2026 to approve Q3 Dec-2025 unaudited results and limited review. | [Board Meeting Intimation for Intimation Regarding Board Meeting Pursuant To Regulation 29 Of SEBI (LODR) Regulations, 2015. 23 Jan - Board meeting on Feb 12, 2026 to approve Q3 Dec-2025 unaudited results and limited review.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08eddeb5-73d8-4072-8ec4-babc749789ce.pdf) |
| 20 Apr - Certificate issued by the RTA under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the fourth quarter and financial year ended 31st … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Apr - Certificate issued by the RTA under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the fourth quarter and financial year ended 31st …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e062a2b0-e1d8-4382-b620-bddb62d41816.pdf) |
| 16 Feb - CFO Vandankumar Dave resigned; Laxmanbhai Vavesa appointed CFO; Independent director Grishma Shewale resigned; Alpesh Gajera appointed (from Feb 16, 2026). | [Announcement under Regulation 30 (LODR)-Change in Directorate 16 Feb - CFO Vandankumar Dave resigned; Laxmanbhai Vavesa appointed CFO; Independent director Grishma Shewale resigned; Alpesh Gajera appointed (from Feb 16, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4333b723-5b66-4341-943d-5b4e40aaf71d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1745c8e-5e0a-4fb7-91c2-5893ca2c03d2.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c6d8da8-2ec4-402e-9ba9-0681ddaff933.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a02ad3e5-6e82-4392-b775-a3c1acc69b3c.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51cf7852-b054-434a-8255-e122e9f8037e.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/73260509953.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/68326509953_22_02_21.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/5099530319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/5099530318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/5099530317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/509953/5099530316.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 2026-09-13T21:13:56.643Z.