---
title: "Neptune Exports Ltd(Merged) (512522) — Share Price, Financials & Analysis"
symbol: "512522"
company: "Neptune Exports Ltd(Merged)"
canonical: "https://tapetide.com/stocks/512522"
isin: "INE066X01015"
bse_code: "512522"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:00:58.575Z"
---

# Neptune Exports Ltd(Merged) (512522)

Canonical page: https://tapetide.com/stocks/512522

## Company

- **BSE Code:** 512522
- **ISIN:** INE066X01015
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** neptuneexports.co.in

## About

Neptune Exports is engaged in the business of Export of manufactured/blended Tea to the middle-east countries.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of -9.45% over past five years.
- Company has a low return on equity of 1.77% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -42% | 169% | 10% |
| revenue growth | 0% | 0% | -9% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 |
| Expenses | 0.02 | 0.04 | 0.02 | 0.09 | 0.06 | 0.05 | 0.01 | 0.01 | 0.02 | 0.01 | 0.07 | 0.03 |
| Operating Profit | 0.12 | 0.1 | 0.12 | 0.05 | 0.08 | 0.09 | 0.13 | 0.13 | 0.12 | 0.13 | 0.07 | 0.11 |
| OPM % | 85.71 | 71.43 | 85.71 | 35.71 | 57.14 | 64.29 | 92.86 | 92.86 | 85.71 | 92.86 | 50 | 78.57 |
| Other Income | 0.19 | 0 | 0 | 0 | 0.21 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.27 | 0.06 | 0.08 | 0.01 | 0.25 | 0.14 | 0.11 | 0.11 | 0.1 | 0.11 | 0.05 | 0.09 |
| Tax % | 18.52 | 33.33 | 62.5 | 100 | 16 | 7.14 | 18.18 | 18.18 | 20 | 18.18 | 0 | 22.22 |
| Net Profit | 0.21 | 0.04 | 0.02 | 0 | 0.21 | 0.13 | 0.09 | 0.09 | 0.09 | 0.09 | 0.05 | 0.07 |

### Profit & Loss

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.05 | 1.67 | 1.61 | 0.92 | 0.83 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
| Expenses | 0.24 | 0.69 | 0.62 | 0.49 | 0.66 | 0.54 | 0.16 | 0.22 | 0.1 | 0.13 |
| Operating Profit | 0.81 | 0.98 | 0.99 | 0.43 | 0.17 | 0.02 | 0.4 | 0.34 | 0.46 | 0.43 |
| OPM % | 77.14 | 58.68 | 61.49 | 46.74 | 20.48 | 3.57 | 71.43 | 60.71 | 82.14 | 76.79 |
| Other Income | -0.02 | 0.39 | 1.87 | 0 | -8.82 | 0.17 | 0.19 | 0.21 | 0.07 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.18 | 0.18 | 0.17 | 0.16 | 0.16 | 0.16 | 0.18 | 0.18 | 0.07 | 0.08 |
| Profit before tax | 0.61 | 1.19 | 2.69 | 0.27 | -8.81 | 0.03 | 0.41 | 0.37 | 0.46 | 0.35 |
| Tax % | 18.03 | 18.49 | 20.07 | 11.11 | 2.16 | 33.33 | 19.51 | 32.43 | 15.22 | — |
| Net Profit | 0.5 | 0.97 | 2.15 | 0.24 | -9 | 0.03 | 0.33 | 0.26 | 0.39 | 0.3 |
| 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 20.14 | 20.64 | 21.6 | 23.75 | 23.99 | 14.99 | 15.02 | 15.35 | 15.61 | 16 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.34 | 1.46 | 1.93 | 2.51 | 2.27 | 0 | 0.38 | 0.11 | 0.16 | 0.24 |
| Total Liabilities | 24.48 | 25.1 | 26.53 | 29.26 | 29.26 | 17.99 | 18.4 | 18.46 | 18.77 | 19.24 |
| Fixed Assets | 3.35 | 3.28 | 3.1 | 2.92 | 2.77 | 2.62 | 2.57 | 2.39 | 2.21 | 2.14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 13.26 | 17.79 | 10.95 | 17.84 | 11.77 | 5.32 | 5.29 | 5.29 | 5.29 | 5.29 |
| Other Assets | 7.87 | 4.03 | 12.48 | 8.5 | 14.72 | 10.05 | 10.54 | 10.78 | 11.27 | 11.81 |
| Total Assets | 24.48 | 25.1 | 26.53 | 29.26 | 29.26 | 17.99 | 18.4 | 18.46 | 18.77 | 19.24 |

### Cash Flow

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.08 | 2.52 | -7.79 | 5.92 | -10.64 | 1.58 | -0.69 | -0.61 | -0.62 | -0.79 |
| Cash from Investing Activity | -3.11 | -3.62 | 8.89 | -3.41 | 6.94 | -1.54 | 0.66 | 0.75 | 0.76 | 0.63 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -5.19 | -1.1 | 1.1 | 2.51 | -3.7 | 0.04 | -0.03 | 0.15 | 0.14 | -0.16 |
| Free Cash Flow | -2.08 | 2.42 | -7.79 | 5.92 | -10.64 | 1.58 | -0.78 | -0.61 | -0.62 | -0.79 |
| CFO/OP | -224 | 311 | -795 | 598 | -2474 | 1041 | -3400 | -132 | -168 | -172 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 1636.31 | 837.76 | 2037.01 | 507.83 | 4935.43 | 461.75 | 45.62 | 260.71 | 241.16 | 215.09 |
| ROCE % | 4.54 | 2.86 | 3.48 | 3.23 | 1 | 0.84 | 0.11 | 2.25 | 2 | 2.45 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| Public | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% |
| No. of Shareholders | 22 | 22 | 22 | 22 | 22 | 22 |

### Quarterly

| Category | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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% |
| Public | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% | 25.03% |
| No. of Shareholders | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 327.45 | Sell |
| EMA (10) | 325.34 | Sell |
| SMA (20) | 342.66 | Sell |
| EMA (20) | 333.74 | Sell |
| SMA (50) | 350.55 | Sell |
| EMA (50) | 352.19 | Sell |
| SMA (100) | 386.78 | Sell |
| EMA (100) | 382.86 | Sell |
| SMA (200) | 457.81 | Sell |
| EMA (200) | 426.1 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.48 | Neutral |
| MACD (12,26,9) | -9.71 | Sell |
| Stochastic (14,3,3) | 17.02 | Buy |
| ADX (14) | 24.6 | Neutral |
| Williams %R (14) | -72.33 | Neutral |
| ATR (14) | 16.95 | High Volatility |
| ROC (12) | -12.1 | Sell |
| Stoch RSI (14) | 38 | Neutral |
| UO (7,14,28) | 41.81 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2022-03-17 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bc44cb5-5085-4ef1-b04e-b8acdf07a2e8.pdf) |
| 2022-03-17 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f01a3b2-e8f4-401a-ae7e-727fe68d7616.pdf) |
| 2022-03-17 | [Record Date For Scheme Of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8edd02b4-e5d1-4613-9f66-64cfc80f5da1.pdf) |
| 2022-03-17 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1bc44cb5-5085-4ef1-b04e-b8acdf07a2e8.pdf) |
| 2022-03-17 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f01a3b2-e8f4-401a-ae7e-727fe68d7616.pdf) |
| 2022-03-17 | [Record Date For Scheme Of Amalgamation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8edd02b4-e5d1-4613-9f66-64cfc80f5da1.pdf) |
| 2022-03-16 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2d34a67-c91b-492d-beee-d9f242c098db.pdf) |
| 2022-03-16 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2d34a67-c91b-492d-beee-d9f242c098db.pdf) |
| 2022-02-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13e4b1d1-d3e2-4ac7-8099-3ff2ba104969.pdf) |
| 2022-02-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13e4b1d1-d3e2-4ac7-8099-3ff2ba104969.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/512522/69309512522.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/512522/65742512522.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180319.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/512522/5125220319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180318.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/512522/5125220318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180317.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/512522/5125220317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532418/5324180316.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/512522/5125220316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c1fa01b-29c8-4389-b662-ac1ac0bba2e3.pdf) |
| Aug 2019 | [Concall - Aug 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94c11d23-396d-4e54-8bde-50e7974dfb91.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e07ac99-6eb6-4433-ba9a-66df6376aef9.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/67a401be-3884-4e38-8f78-99f8f48da1cc.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/c8cf2da2-f00f-4b4e-8bd5-b6180df4d0b9.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/2fe9d0e4-0160-4c6d-a4eb-7805884effe4.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/4a4dfcb9-cc8e-49e1-b3cb-792765174697.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/8fe15a1c-6d56-48f8-89eb-24406cb8b27a.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/939595bd-b1ad-4232-9c5f-fb0a06e16869.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/00269d9f-430b-4072-bd4c-767e0635079d.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2020-02-18 | Credit rating update — CARE Ratings |
| 2019-12-19 | Credit rating update — CRISIL |
| 2019-10-07 | Credit rating update — CARE Ratings |
| 2019-09-11 | Credit rating update — CARE Ratings |
| 2019-09-05 | Credit rating update — CRISIL |
| 2019-08-30 | Credit rating update — CRISIL |

---

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 2026-10-13T11:00:58.575Z.