---
title: "Varun Mercantile Ltd (512511) — Share Price, Financials & Analysis"
symbol: "512511"
company: "Varun Mercantile Ltd"
canonical: "https://tapetide.com/stocks/512511"
isin: "INE442U01014"
nse_symbol: "VARUNMERCANTILELTD"
bse_code: "512511"
sector: "Commercial Services"
industry: "Diversified Services"
market_cap_cr: 0.2
generated_at: "2026-09-13T19:59:54.344Z"
---

# Varun Mercantile Ltd (512511)

Canonical page: https://tapetide.com/stocks/512511

## Company

- **NSE Symbol:** VARUNMERCANTILELTD
- **BSE Code:** 512511
- **ISIN:** INE442U01014
- **Sector:** Commercial Services
- **Industry:** Diversified Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2022-02-25
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vml.org.in

## About

Varun Mercantile The Company will Continue to keep its focus in the trading of general commodities.

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:00.680286Z.

- **Market Cap:** ₹0.2 Cr
- **Classification:** Microcap
- **P/E (reported):** 2
- **EPS (TTM):** ₹0.55
- **EPS (reported):** ₹0.31
- **Book Value:** ₹27.67
- **Price to Book:** 0.04
- **Dividend Yield:** 0%
- **ROE:** 2.41%
- **ROCE:** 4.19%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** ₹0.12 Cr
- **EBITDA:** ₹-0.16 Cr
- **52-Week High:** ₹1.08
- **52-Week Low:** ₹1.08
- **RSI (14):** 0

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.04 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.19% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 14.81% | -15% | -64.29% |
| ebitda margin growth | 0% | -100% | -100% | -100% |
| net income growth | 0% | 20% | 20% | 19% |
| revenue growth | 0% | -100% | -100% | -100% |
| roce | — | 20.4% | 58.71% | 2.89% |
| roe | — | 27.51% | 1.89% | 164.84% |

## 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.03 | 0.04 | 0.04 |
| Operating Profit | -0.04 | -0.04 | -0.03 | -0.04 | -0.04 | -0.04 | -0.05 | -0.03 | -0.05 | -0.03 | -0.04 | -0.04 |
| Other Income | 0.08 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.09 | 0.09 | 0.09 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.04 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 | 0.07 | 0.05 | 0.06 | 0.05 | 0.05 |
| Tax % | 50 | 40 | 33.33 | 40 | 33.33 | 33.33 | 40 | 28.57 | 40 | 33.33 | 40 | 40 |
| Net Profit | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 |
| EPS in Rs | 0.1 | 0.15 | 0.15 | 0.15 | 0.2 | 0.2 | 0.15 | 0.2 | 0.15 | 0.15 | 0.15 | 0.1 |

### 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.18 | 0.18 | 0.18 | 0.18 | 0.16 | 0.12 | 0.15 | 0.15 | 0.16 | 0.16 |
| Operating Profit | -0.18 | -0.18 | -0.18 | -0.18 | -0.16 | -0.12 | -0.15 | -0.15 | -0.16 | -0.16 |
| OPM % | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0.32 | 0.35 | 0.34 | 0.3 | 0.25 | 0.26 | 0.33 | 0.38 | 0.38 | 0.37 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.14 | 0.17 | 0.16 | 0.12 | 0.09 | 0.14 | 0.18 | 0.23 | 0.22 | 0.21 |
| Tax % | 57.14 | 52.94 | 56.25 | 58.33 | 66.67 | 50 | 44.44 | 43.48 | 45.45 | — |
| Net Profit | 0.06 | 0.08 | 0.07 | 0.05 | 0.03 | 0.07 | 0.1 | 0.13 | 0.12 | 0.11 |
| EPS in Rs | 0.3 | 0.4 | 0.35 | 0.25 | 0.15 | 0.35 | 0.5 | 0.65 | 0.6 | 0.55 |
| 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 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Reserves | 2.81 | 2.88 | 2.95 | 3.03 | 3.07 | 3.1 | 3.17 | 3.27 | 3.4 | 3.52 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.02 | 0.05 | 0.06 | 0.03 | 0.13 | 0.02 | 0.01 | 0 | 0.01 | 0.02 |
| Total Liabilities | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 5.26 | 5.4 | 5.53 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 |
| Other Assets | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 4.76 | 5.4 | 5.53 |
| Total Assets | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 5.26 | 5.4 | 5.53 |

### 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 | -0.46 | -0.27 | -0.31 | -0.25 | -0.14 | -0.31 | -0.2 | -0.27 | -0.23 | -0.39 |
| Cash from Investing Activity | 0.86 | 0.32 | 0.33 | 0.34 | 0.3 | 0.25 | 0.26 | -0.17 | 0.88 | 0.38 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.4 | 0.05 | 0.02 | 0.09 | 0.15 | -0.06 | 0.06 | -0.44 | 0.65 | -0.01 |
| Free Cash Flow | -0.46 | -0.27 | -0.31 | -0.25 | -0.14 | -0.31 | -0.2 | -0.27 | -0.23 | -0.39 |
| CFO/OP | 120 | 117 | 122 | 89 | 33 | 156 | 117 | 127 | 93 | 181 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | — | — | — | — | — | — | — | — | — | — |
| Working Capital Days | — | — | — | — | — | — | — | — | — | — |
| ROCE % | 2.29 | 2.9 | 3.47 | 3.21 | 2.38 | 1.77 | 2.73 | 3.45 | 4.32 | 4.03 |

## 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 | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% | 51.98% |
| Others | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% | 48.02% |
| No. of Shareholders | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 71 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 1 / 10 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 362.14 | Sell |
| EMA (10) | 358.68 | Sell |
| SMA (20) | 365.06 | Sell |
| EMA (20) | 361.19 | Sell |
| SMA (50) | 363.5 | Sell |
| EMA (50) | 358.11 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.94 | Neutral |
| MACD (12,26,9) | -1.8 | Sell |
| Stochastic (14,3,3) | 21.41 | Neutral |
| ADX (14) | 16.34 | Neutral |
| Williams %R (14) | -68.45 | Neutral |
| ATR (14) | 13.37 | High Volatility |
| ROC (12) | -5.15 | Sell |
| Stoch RSI (14) | 17.58 | Buy |
| UO (7,14,28) | 45.6 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Intimation Of 41St Annual General Meeting And Issuance Of Notice To Shareholders In This Regard](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f8f3ae9-bb40-400e-85e7-692f0a0a5189.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cdef71a-fb26-463b-9d6c-b7e8920c14b5.pdf) |
| 2026-09-07 | [Intimation Of Cut-Off Date For E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5f0bf6a-4981-436f-badf-0b4c27510bd0.pdf) |
| 2026-09-07 | [Intimation Of Book Closure For Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acef04e4-8ac3-4078-9fc1-9a5cbb4b6f59.pdf) |
| 2026-09-03 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Change In Key Managerial Personnel](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f8abdf8-e1dd-4464-b394-e381558dde7b.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Statement Of Unaudited Financial Results For The Quarter Ended June 30 2026 Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=377f720a-dcaf-452e-b3d0-7fd42596c187.pdf) |
| 2026-08-03 | [Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ab23752-69b9-4772-9937-2360bb7f2fea.pdf) |
| 2026-06-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ab48485-bd9c-4694-ba21-5fd02424e68f.pdf) |
| 2026-05-21 | [Board Meeting Outcome for Statement Of Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c79dc8d0-b4ea-4e3b-8d55-2cd5619ee2bc.pdf) |
| 2026-05-14 | [Board Meeting Intimation for Considering And Approving The Audited Financial Results Of The Company For The Quarter/ Year Ended March 31 2026 And To Consider And Recommend Dividend If Any On Equity Shares Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af792fc2-7acf-4d4d-9804-edcbf7db49ac.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Statement Of Unaudited Financial Results For The Quarter Ended June 30 2026 Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6d8a1f7-2665-4035-8d4b-8b9f704ae225.pdf) |
| 2026-05-21 | [Statement Of Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36b36420-a346-46b2-92d3-70ff0bb50678.pdf) |
| 2026-02-10 | [Statement Of Unaudited Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=418f8275-0028-4549-be29-32ac9949d22c.pdf) |
| 2025-11-12 | [Statement Of Unaudited Financial Results For The Quarter/ Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=163b67b8-353f-4d44-87c2-4a0943a8e824.pdf) |
| 2025-07-16 | [Statement Of Unaudited Financial Results For The Quarter Ended 30Th June 2025 Along With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fd2b14c-5ada-4d51-82b8-1bb71a506ba5.pdf) |
| 2025-05-28 | [Statement Of Audited Financial Results For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9dd21952-569b-408e-98ca-336481a24251.pdf) |
| 2024-11-13 | [Statement Of Unaudited Financial Results For The Quarter/ Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8744dfca-3213-4320-a3f1-2c0c9103ee68.pdf) |
| 2024-08-06 | [Statement Of Unaudited Financial Results For The Quarter Ended 30Th June, 2024 And Intimation Of Change In Key Managerial Personnel](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6bf1619-fcd5-4447-b8bc-7a4df5980274.pdf) |
| 2024-05-22 | [Statement Of Audited Financial Results For The Quarter And Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7ea6ee8-6778-4ca7-a659-3078cf248e6c.pdf) |
| 2024-01-31 | [Statement Of Unaudited Financial Results For The Quarter/ Nine Months Ended 31St December 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3add702-174c-4798-8082-a021e5151700.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 4 Feb - Board meeting Feb 10, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading window closed. | [Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For The Quarter Ended December 31, 2025 4 Feb - Board meeting Feb 10, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2d449b3-27d2-4ebd-a3ee-95e1c49f53b7.pdf) |
| 31 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3 results (Dec 31, 2025). | [Closure of Trading Window 31 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3 results (Dec 31, 2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf7a37fa-cb12-4316-8cf7-4c0c1ccbf091.pdf) |
| 3 Mar - CFO Nilesh Shukla resigns from Investment Manager to Anantam Highways Trust, effective March 13, 2026. | [Reg 23(5)(i): Disclosure of material issue 3 Mar - CFO Nilesh Shukla resigns from Investment Manager to Anantam Highways Trust, effective March 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc7d6061-2f09-4fc8-823b-0f3c7ea173ca.pdf) |
| 17 Feb - Q3 results: revenue INR123.8cr, EBITDA INR105.6cr; declared INR2.50/unit distribution; NDCF INR248.5cr; debt/EV 42.11%","checklist":["Review announcement for key financial and corporate disclosures","Extract material figures: revenue, EBITDA, NDCF, … | [Reg 23(5)(i): Disclosure of material issue 17 Feb - Q3 results: revenue INR123.8cr, EBITDA INR105.6cr; declared INR2.50/unit distribution; NDCF INR248.5cr; debt/EV 42.11%","checklist":["Review announcement for key financial and corporate disclosures","Extract material figures: revenue, EBITDA, NDCF, …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14dd9a23-9b77-4821-bdb9-5dde3fe83799.pdf) |
| 13 Feb - Audio recording of earnings conference call for quarter ended Dec 31, 2025 (held Feb 13, 2026) available online. | [Reg 23(5)(i): Disclosure of material issue 13 Feb - Audio recording of earnings conference call for quarter ended Dec 31, 2025 (held Feb 13, 2026) available online.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2450ad4c-24ef-47d6-b73d-64713928844e.pdf) |
| 11 Feb - No deviation in use of Rs 4,000 million IPO proceeds for quarter ended Dec 31, 2025. | [Reg 23(5)(i): Disclosure of material issue 11 Feb - No deviation in use of Rs 4,000 million IPO proceeds for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45bc2880-8895-4a5c-b346-3429c28d89ed.pdf) |
| 11 Feb - Investor presentation for Anantam Highways Trust Q3 FY26 ending Dec 31, 2025; proposed INR 544 Mn distribution, DPU Rs 2.50. | [Reg 23(5)(i): Disclosure of material issue 11 Feb - Investor presentation for Anantam Highways Trust Q3 FY26 ending Dec 31, 2025; proposed INR 544 Mn distribution, DPU Rs 2.50.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/711d40e5-2b83-48e2-8c34-41a17631a85c.pdf) |
| 11 Feb - INR 2.50/unit distribution for quarter ended Dec 31, 2025; record date Feb 16, payment by Feb 23, 2026. | [Reg 18(6): Disclosure of record date for purpose of distribution 11 Feb - INR 2.50/unit distribution for quarter ended Dec 31, 2025; record date Feb 16, payment by Feb 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb90af07-9a3f-4709-8e02-3cd13b08a484.pdf) |
| 10 Feb - Unaudited Q3 results: revenue ₹0.00L, other income ₹9.05L, PAT ₹3.24L; board approved Feb 10, 2026. | [Statement Of Unaudited Financial Results For The Quarter Ended December 31, 2025 10 Feb - Unaudited Q3 results: revenue ₹0.00L, other income ₹9.05L, PAT ₹3.24L; board approved Feb 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/418f8275-0028-4549-be29-32ac9949d22c.pdf) |
| 10 Feb - Q3 FY26: Total income ₹9.05L, PAT ₹3.24L; 9M PAT ₹9.86L; EPS ₹0.16; Board approved Feb 10, 2026. | [Board Meeting Outcome for Statement Of Unaudited Financial Results For The Quarter Ended December 31, 2025 10 Feb - Q3 FY26: Total income ₹9.05L, PAT ₹3.24L; 9M PAT ₹9.86L; EPS ₹0.16; Board approved Feb 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/401fd281-186e-4738-8221-9d5643b9b48f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f721378-ba1d-41b0-970c-8f165f059ebd.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea872172-39bb-4fc7-9f2e-128fa0ad473e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8009e508-0dea-4907-83b1-d4cb5b2b9b41.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/75661512511_15_09_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/70955512511.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/66390512511.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/5125110319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/5125110318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/5125110317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/512511/5125110316.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 2026-09-13T19:59:54.344Z.