---
title: "Shardul Securities Ltd (512393) — Share Price, Financials & Analysis"
symbol: "512393"
company: "Shardul Securities Ltd"
canonical: "https://tapetide.com/stocks/512393"
isin: "INE037B01020"
nse_symbol: "SHARDUL"
bse_code: "512393"
sector: "Capital Markets"
industry: "Stock Broking"
market_cap_cr: 480.33
generated_at: "2026-09-13T19:39:24.766Z"
---

# Shardul Securities Ltd (512393)

Canonical page: https://tapetide.com/stocks/512393

## Company

- **NSE Symbol:** SHARDUL
- **BSE Code:** 512393
- **ISIN:** INE037B01020
- **Sector:** Capital Markets
- **Industry:** Stock Broking
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2026-04-20
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** shardulsecurities.com

## About

Incorporated in 1985, Shardul Securities
 Ltd is engaged in Investment and Finance activities including Broking activities[1]

## Latest Price

- **Price:** ₹55.43
- **Change:** +0.52 (+0.95%)
- **Open:** ₹54.91
- **Day High:** ₹55.6
- **Day Low:** ₹54.5
- **Previous Close:** ₹54.91
- **Volume:** 29315
- **As Of:** 2026-09-11T09:55:15+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:03.657147Z.

- **Market Cap:** ₹480.33 Cr
- **Classification:** Microcap
- **P/E (reported):** 20.7
- **P/E (TTM):** 41.06
- **EPS (TTM):** ₹1.35
- **Book Value:** ₹75.19
- **Price to Book:** 0.73
- **Dividend Yield:** 0%
- **ROE:** -7.47%
- **ROCE:** -5.23%
- **Debt to Equity:** 0.53
- **Revenue (yearly):** ₹16 Cr
- **Net Income:** ₹-49.1 Cr
- **EBITDA:** ₹-48.2 Cr
- **52-Week High:** ₹60
- **52-Week Low:** ₹23.05
- **RSI (14):** 59.88

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 21.43 | 9% |
| growth | 98.9 | 9% |
| momentum | 98.9 | 12% |
| ownership | 50 | 24% |
| quality | 59.67 | 22% |
| valuation | 40.69 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.94 times its book value
- Market value of investments Rs.710 Cr. is more than the Market Cap Rs.485 Cr.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -22.9% over past five years.
- Company has a low return on equity of 3.60% over last 3 years.
- Working capital days have increased from 29.2 days to 89.7 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -268.57% | -96.61% | -270.52% |
| ebitda margin growth | 342.6% | -507% | -421.04% | -463.44% |
| net income growth | 324.02% | -248.79% | -150.2% | -611.46% |
| revenue growth | — | -74.44% | -19% | -23% |
| roce | -341.81% | -183.68% | -122.25% | 5.52% |
| roe | -323.83% | -259.28% | 3.93% | -469.8% |

## 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 | 27 | 57 | 47 | 115 | 37 | -29 | -81 | 81 | -40 | -20 | 1 | 173 |
| Expenses | 2 | 1 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 3 | 74 | 2 |
| Operating Profit | 25 | 56 | 43 | 113 | 33 | -32 | -82 | 78 | -44 | -23 | -72 | 171 |
| OPM % | 92 | 98 | 93 | 98 | 91 | — | — | 96 | — | — | -5978 | 99 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 5 | 5 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 25 | 56 | 44 | 112 | 33 | -32 | -83 | 76 | -48 | -28 | -78 | 163 |
| Tax % | 36 | 28 | 62 | 16 | 22 | 4 | -22 | 20 | -21 | -22 | -23 | 19 |
| Net Profit | 16 | 40 | 17 | 94 | 26 | -33 | -65 | 61 | -38 | -22 | -60 | 132 |
| EPS in Rs | 1.8 | 4.57 | 1.89 | 10.73 | 2.96 | -3.81 | -7.41 | 6.95 | -4.33 | -2.5 | -6.86 | 15.04 |

### 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 | 5 | 5 | 4 | 20 | 12 | 10 | 160 | 42 | 5 | 114 |
| Expenses | 2 | 4 | 12 | 1 | 1 | 8 | 8 | 11 | 67 | 82 |
| Operating Profit | 3 | 1 | -9 | 19 | 10 | 2 | 152 | 32 | -61 | 32 |
| OPM % | 65 | 25 | -223 | 94 | 90 | 20 | 95 | 75 | -1144 | 28 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 15 | 22 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 0 | -9 | 18 | 10 | 2 | 152 | 30 | -77 | 10 |
| Tax % | 12 | 90 | -26 | 25 | 22 | 33 | 38 | 29 | -24 | — |
| Net Profit | 3 | 0 | -6 | 14 | 8 | 1 | 94 | 22 | -59 | 12 |
| EPS in Rs | 0.29 | 0.01 | -0.74 | 1.57 | 0.9 | 0.14 | 10.76 | 2.47 | -6.74 | 1.35 |
| Dividend Payout % | 42 | 2100 | 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 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 92 | 94 | 231 | 192 | 295 | 370 | 344 | 535 | 557 | 498 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 23 | 274 |
| Other Liabilities | 3 | 2 | 7 | 2 | 17 | 25 | 22 | 11 | 9 | 1 |
| Total Liabilities | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 | 607 | 791 |
| Fixed Assets | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 11 | 12 | 13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 44 | 68 | 234 | 192 | 306 | 398 | 366 | 558 | 591 | 761 |
| Other Assets | 55 | 33 | 9 | 7 | 11 | 3 | 6 | 5 | 4 | 16 |
| Total Assets | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 | 607 | 791 |

### 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 | 5 | 4 | 1 | 5 | -1 | -1 | -9 | 22 | -21 | -10 |
| Cash from Investing Activity | 8 | -20 | 2 | -1 | 6 | -7 | 10 | -31 | 5 | -224 |
| Cash from Financing Activity | 0 | -1 | -1 | -1 | 0 | 0 | 0 | 10 | 12 | 236 |
| Net Cash Flow | 12 | -17 | 2 | 3 | 5 | -9 | 1 | 2 | -4 | 1 |
| Free Cash Flow | 5 | 4 | 1 | 5 | -1 | -2 | -9 | 23 | -22 | -12 |
| CFO/OP | 380 | 137 | 98 | -63 | -3 | -9 | -422 | 50 | -25 | 14 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 383 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 21 | 0 |
| Cash Conversion Cycle | 383 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 21 | 0 |
| Working Capital Days | 3695 | 2174 | 6 | -12 | -4 | -6 | 96 | -1 | -1 | 90 |
| ROCE % | 1 | 3 | 1 | -4 | 7 | 3 | 0 | 33 | 5 | -9 |

## 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 | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 74.85% | 74.85% | 74.85% | 74.85% | 74.85% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.24% | 0.3% | 0.3% | 0.3% |
| 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 | 11.45% | 11.47% | 11.44% | 11.53% | 11.25% | 11.22% | 10.55% | 10.55% | 10.32% | 10.3% | 10.21% | 10.26% |
| Others | 13.71% | 13.69% | 13.72% | 13.63% | 13.91% | 13.94% | 14.61% | 14.6% | 14.59% | 14.55% | 14.64% | 14.59% |
| No. of Shareholders | 5887 | 5901 | 6274 | 6120 | 6507 | 6589 | 7793 | 7671 | 7405 | 7245 | 6813 | 6805 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 53.85 | Buy |
| EMA (10) | 53.98 | Buy |
| SMA (20) | 53.36 | Buy |
| EMA (20) | 52.61 | Buy |
| SMA (50) | 48.14 | Buy |
| EMA (50) | 47.65 | Buy |
| SMA (100) | 38.43 | Buy |
| EMA (100) | 42.24 | Buy |
| SMA (200) | 34.83 | Buy |
| EMA (200) | 39.63 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 67.49 | Neutral |
| MACD (12,26,9) | 2.08 | Sell |
| Stochastic (14,3,3) | 69.43 | Neutral |
| ADX (14) | 27.79 | Buy |
| Williams %R (14) | -20 | Neutral |
| ATR (14) | 1.9 | High Volatility |
| ROC (12) | 6.17 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 47.91 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eae3abe7-5bd2-43b3-8873-8a54701c80fc.pdf) |
| 2026-09-02 | [Notice Of 41St Annual General Meeting To Be Held On 25Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84829665-efe2-4868-9351-7b38bfa97d4e.pdf) |
| 2026-09-02 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b12c349-e54a-4d88-9ccc-6659855c89ec.pdf) |
| 2026-09-02 | [Intimation Of Book Closure For The Purpose Of 41St AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab27d8bc-3595-46c7-9b93-9902823f9b04.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2451add0-a2df-4066-8875-44fb94524081.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a6e056d-521f-467f-a206-0b2bb7b36732.pdf) |
| 2026-08-17 | [Intimation Pursuant To Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b54157d-a915-4f11-8a95-dd7f1cb7cc51.pdf) |
| 2026-08-12 | [Intimation Pursuant To Regulation 30 And Regulation 31A Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d722120-7aa5-4a15-9a4b-36314e05e0d2.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 12Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b959c0b-c8f4-4470-a684-93686458e67a.pdf) |
| 2026-08-09 | [Board Meeting Intimation for To Consider A Proposal For Buy-Back Of Equity Shares Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a057be0d-ec01-448d-97a5-4414eb2745a9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-10 | [Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e916c73-0ff1-43b9-9546-fea2d22057fd.pdf) |
| 2026-05-27 | [Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5eeff347-5dad-4e76-abd8-c7a95a92ec70.pdf) |
| 2025-11-12 | [Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf23d071-6d7e-4580-a7b8-d635287562f0.pdf) |
| 2025-07-29 | [Financial Results For The Quarter Ended 30Th June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4511d9d-226c-471e-b54d-33c9283fd4f4.pdf) |
| 2025-05-28 | [Financial Results For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb25384a-b657-4764-8c50-033fa306be29.pdf) |
| 2024-11-11 | [Un-Audited Financial Result For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=208d1a4c-7400-4e3f-bdd5-1c1d9db57c14.pdf) |
| 2024-08-13 | [Results-Financial Result For The Quarter Ended 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7e058f9-de95-4183-b28c-f6d03ffbd42c.pdf) |
| 2024-05-30 | [Audited Financial Results For The Quarter And Year Ended 31St March, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2149dbfb-6b94-4a11-917d-db85ea6f0450.pdf) |
| 2024-02-06 | [Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended On December 31, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=788bb0fa-8eea-4564-9c4a-ee357584aa61.pdf) |
| 2023-11-09 | [Results - Financial Results For Quarter And Half Year Ended 30Th September, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0247957-8999-41f8-8d51-eb45e5dcbeb0.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 31 Jan - Newspaper Publication of Unaudited Financial Results for the quarter and nine months ended 31st Dec 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan - Newspaper Publication of Unaudited Financial Results for the quarter and nine months ended 31st Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99ba7d92-358d-4848-afd8-154785cbcb25.pdf) |
| 30 Mar - Gyanchand Pipara resigned as Independent Director effective March 30, 2026; appointed November 12, 2025. | [Announcement under Regulation 30 (LODR)-Resignation of Director 30 Mar - Gyanchand Pipara resigned as Independent Director effective March 30, 2026; appointed November 12, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3974794-ed89-4406-bb93-ce6272927db8.pdf) |
| 29 Jan - Mr. Devesh Vasavada ceases as Independent Director and audit committee chair effective COB 4 Feb 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 29 Jan - Mr. Devesh Vasavada ceases as Independent Director and audit committee chair effective COB 4 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68e8cd95-21c4-4446-8207-8fb87ac27c1b.pdf) |
| 29 Apr - Company disclosed it is not a Large Corporate under SEBI debt norms; borrowing was Rs. 274 crore as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Company disclosed it is not a Large Corporate under SEBI debt norms; borrowing was Rs. 274 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8842770a-ae3c-4a2d-917f-4c50f98b7245.pdf) |
| 29 Apr - Company disclosed it is not a Large Corporate under SEBI debt norms; borrowing was Rs. 274 crore as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Company disclosed it is not a Large Corporate under SEBI debt norms; borrowing was Rs. 274 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8842770a-ae3c-4a2d-917f-4c50f98b7245.pdf) |
| 13 Feb - Ms Daya Bhalia ceased as Executive Director effective 13 Feb 2026; will remain Company Secretary & Compliance Officer. | [Announcement under Regulation 30 (LODR)-Change in Directorate 13 Feb - Ms Daya Bhalia ceased as Executive Director effective 13 Feb 2026; will remain Company Secretary & Compliance Officer.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8837bafc-3714-4de6-a177-65787fc91ea7.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a69dcac-7bbb-4fe9-b526-887df4c7095e.pdf) |
| — | [Closure of Trading Window 25 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d502a1e-20b8-48f8-97e7-28ff7fd01ac4.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 10 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1106e871-768f-46be-81ec-0f5dca27b1a0.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 10 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/024cd6e7-a325-4633-b0dc-119b1ce6817f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b208ea5-1e4f-45e2-ada5-e6f3746817d2.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1777a86a-12d2-4726-8660-95b430dad308.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c373aaa-a736-4905-859f-83b7503232cf.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/76638512393.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/71925512393.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/66714512393.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/5123930319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/5123930318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/5123930317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/512393/5123930316.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 2026-09-13T19:39:24.766Z.