---
title: "Tulip Finance Ltd (511521) — Share Price, Financials & Analysis"
symbol: "511521"
company: "Tulip Finance Ltd"
canonical: "https://tapetide.com/stocks/511521"
isin: "INE955C01013"
bse_code: "511521"
generated_at: "2026-10-13T11:01:16.296Z"
---

# Tulip Finance Ltd (511521)

Canonical page: https://tapetide.com/stocks/511521

## Company

- **BSE Code:** 511521
- **ISIN:** INE955C01013
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Tulip Finance is one of the leading and established online finance brokers in Delhi/NCR India. We are associated with some of the best lenders (banks and NBFCs), who are constantly striving to provide customers with the best loan deals. We believe in customer satisfaction, and try our best to ensure good customer service in arranging, packaging and processing of loans.

## Latest Price

## 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 | 90.71 | 94.1 | 101.96 | 94.45 | 97.97 | 82.64 | 78.41 | 84.56 | 90.66 | 90.51 | 94.72 | 108.97 |
| Expenses | 73.13 | 93.72 | 123.24 | 114.23 | 145.88 | 80.9 | 79.74 | 87.4 | 81.56 | 83.75 | 89.17 | 109.45 |
| Operating Profit | 17.58 | 0.38 | -21.28 | -19.78 | -47.91 | 1.74 | -1.33 | -2.84 | 9.1 | 6.76 | 5.55 | -0.48 |
| OPM % | 19.38 | 0.4 | -20.87 | -20.94 | -48.9 | 2.11 | -1.7 | -3.36 | 10.04 | 7.47 | 5.86 | -0.44 |
| Other Income | -40.72 | 1.89 | 22.65 | 21.61 | 49.25 | 2.77 | 7.26 | 4.52 | 1.71 | -2.48 | -3.54 | 3.81 |
| Interest | 3.03 | 1.85 | 2.33 | 0.72 | 1.33 | 2.07 | 1.87 | 1.77 | 2.25 | 1.45 | 1.67 | 1.99 |
| Depreciation | 2.33 | 1.29 | 1.35 | 1.31 | 1.24 | 1.28 | 1.24 | 1.16 | 1.25 | 1.26 | 1.2 | 1.17 |
| Profit before tax | -28.5 | -0.87 | -2.31 | -0.2 | -1.23 | 1.16 | 2.82 | -1.25 | 7.31 | 1.57 | -0.86 | 0.17 |
| Tax % | 123.44 | 81.61 | 51.08 | 825 | -62.6 | 155.17 | 52.48 | -24.8 | 82.49 | 63.69 | 55.81 | 482.35 |
| Net Profit | -63.68 | -1.57 | -3.49 | -1.85 | -0.46 | -0.64 | 1.34 | -0.92 | 1.26 | 0.57 | -1.34 | -0.63 |
| EPS in Rs | -3.61 | -0.05 | -0.12 | -0.08 | -0.07 | 0 | 0.31 | -0.03 | 0.23 | 0.04 | -0.1 | -0.04 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.01 | 0 | 0.02 | 0.03 | 0.03 | 0.02 |
| Operating Profit | -0.01 | 0 | 0 | -0.02 | -0.03 | -0.03 | -0.02 |
| OPM % | — | 0 | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0.02 | 0.02 | 0.04 | 0.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | 0 | 0 | 0 | -0.01 | 0 | 0 |
| Tax % | 0 | — | — | — | 0 | — | — |
| Net Profit | -0.01 | 0 | 0 | 0 | -0.01 | 0 | 0 |
| Dividend Payout % | 0 | — | — | — | 0 | — | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2.66 | 2.66 | 2.66 | 2.66 | 2.66 | 2.66 | 2.66 |
| Reserves | -3.51 | -3.52 | -3.52 | -3.52 | -3.53 | -3.53 | -3.53 |
| Borrowings | 0.88 | 0.88 | 0.88 | 0.89 | 0.89 | 0 | 0 |
| Other Liabilities | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.9 | 0.9 |
| Total Liabilities | 0.08 | 0.07 | 0.07 | 0.08 | 0.07 | 0.03 | 0.03 |
| Fixed Assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Assets | 0.08 | 0.07 | 0.07 | 0.08 | 0.07 | 0.03 | 0.03 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.01 | 0 | 0 | 0 | -0.01 | -0.05 | — |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0.04 | — |
| Cash from Financing Activity | 0.01 | 0 | 0 | 0 | 0.01 | 0 | — |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | -0.01 | — |
| Free Cash Flow | -0.01 | 0 | 0 | 0 | -0.01 | -0.05 | — |
| CFO/OP | 100 | — | — | 0 | 33 | 167 | — |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 0 | — | — | — | — | — |
| Cash Conversion Cycle | — | 0 | — | — | — | — | — |
| Working Capital Days | — | -1460 | — | — | — | — | — |
| ROCE % | — | 0 | 0 | 0 | -40 | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 40.83% | 29.56% | 29.24% | 28.67% | 28.14% | 28.14% | 28.15% | 28.15% | 28.15% | 28.15% |
| FIIs | 5.34% | 2.69% | 2.44% | 2.44% | 2.47% | 0.89% | 1.61% | 1.61% | 1.03% | 0.81% |
| DIIs | 5.72% | 11.24% | 10.71% | 0.01% | 0% | 0% | 0% | 0% | 0.1% | 0.1% |
| Government | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 48.11% | 56.51% | 57.61% | 68.88% | 69.39% | 70.97% | 70.24% | 70.25% | 70.73% | 70.94% |
| No. of Shareholders | 29062 | 39550 | 37889 | 37496 | 39873 | 49942 | 45414 | 41790 | 42934 | 41406 |

### 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 | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% | 28.15% |
| FIIs | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.64% | 1.62% | 1.28% | 1.03% | 0.89% | 0.84% | 0.81% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.01% | 0.11% | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 70.24% | 70.25% | 70.23% | 70.24% | 70.25% | 70.2% | 70.22% | 70.46% | 70.73% | 70.85% | 70.9% | 70.94% |
| No. of Shareholders | 45414 | 44969 | 43962 | 42700 | 41790 | 42187 | 41232 | 42497 | 42934 | 42877 | 42196 | 41406 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 709.75 | Sell |
| EMA (10) | 703.47 | Sell |
| SMA (20) | 742.98 | Sell |
| EMA (20) | 729.28 | Sell |
| SMA (50) | 778.17 | Sell |
| EMA (50) | 759.21 | Sell |
| SMA (100) | 784.94 | Sell |
| EMA (100) | 768.2 | Sell |
| SMA (200) | 768.82 | Sell |
| EMA (200) | 738.5 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.46 | Neutral |
| MACD (12,26,9) | -28.48 | Sell |
| Stochastic (14,3,3) | 12.75 | Buy |
| ADX (14) | 19.3 | Neutral |
| Williams %R (14) | -86.45 | Buy |
| ATR (14) | 26.69 | High Volatility |
| ROC (12) | -16.27 | Sell |
| Stoch RSI (14) | 18.29 | Buy |
| UO (7,14,28) | 32.04 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-24 | [One Time Settlement With Indian Bank](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7cd9092-c996-4ee1-bc34-5685b521b67a.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6feb63b1-1c2c-4aad-ac22-d43aa8247f39.pdf) |
| 2026-02-11 | [Board Meeting Outcome for Outcome For Unaudited Financial Results For The Quarter (Q3) And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef2218c6-c20e-4a04-9892-4494191c1076.pdf) |
| 2026-02-11 | [Results-Financial Results For Quarter (Q3) And Nine Months Ended December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f79153a1-79b4-400d-849b-ce94468637fd.pdf) |
| 2026-02-03 | [Board Meeting Intimation for Considering And Approving Unaudited Standalone & Consolidated Financial Results For The Quarter (Q3) And Nine Months Ended On December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae0cc565-2069-4f8f-b4f8-73e3c5a936e2.pdf) |
| 2026-01-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2defda0-1186-4aaa-863d-b4430abae5e6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92e1814f-0841-453b-95bd-50cf1ed9ae95.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f164921e-655e-4f12-b41c-2d0e78ae6947.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e89c3ae-ac6e-4b16-b024-cb7d93f79fc9.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533292/74755533292.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533292/72061533292.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533292/66792533292.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533292/5332920319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533292/5332920318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533292/5332920317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533292/5332920316.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-03-20 | Credit rating update — CARE Ratings |
| 2024-03-05 | Credit rating update — CARE Ratings |
| 2023-02-16 | Credit rating update — CARE Ratings |
| 2022-03-03 | Credit rating update — CARE Ratings |
| 2021-03-09 | Credit rating update — CARE Ratings |

---

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 2026-10-13T11:01:16.296Z.