---
title: "Tulsyan NEC Ltd (513629) — Share Price, Financials & Analysis"
symbol: "513629"
company: "Tulsyan NEC Ltd"
canonical: "https://tapetide.com/stocks/513629"
isin: "INE463D01016"
nse_symbol: "TULSYANLTD"
bse_code: "513629"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 47.69
generated_at: "2026-09-13T19:38:47.518Z"
---

# Tulsyan NEC Ltd (513629)

Canonical page: https://tapetide.com/stocks/513629

## Company

- **NSE Symbol:** TULSYANLTD
- **BSE Code:** 513629
- **ISIN:** INE463D01016
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **CEO:** Mr. Lalit Kumar Tulsyan B. Com.
- **Employees:** 464
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tulsyannec.co.in

## About

Incorporated in 1947, Tulsyan NEC Ltd is engaged in the manufacturing of TMT bars, Coal Based Power Plant and Synthetics Woven fabrics and sacks[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:35:59.747169Z.

- **Market Cap:** ₹47.69 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.6
- **EPS (TTM):** ₹-51.2
- **EPS (reported):** ₹0
- **Book Value:** ₹112.71
- **Price to Book:** 0.25
- **Dividend Yield:** 0%
- **ROE:** -34.67%
- **ROCE:** 1.79%
- **Debt to Equity:** 1.85
- **Revenue (yearly):** ₹839.8 Cr
- **Net Income:** ₹-64.3 Cr
- **EBITDA:** ₹31.8 Cr
- **52-Week High:** ₹49.35
- **52-Week Low:** ₹17.1
- **RSI (14):** 45.21

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Flat
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 10.05 | 9% |
| growth | 14.76 | 9% |
| momentum | 55.44 | 12% |
| ownership | 50 | 24% |
| quality | 39.11 | 22% |
| valuation | 64.64 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.23 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.17% over past five years.
- Company has a low return on equity of -19.6% over last 3 years.
- Contingent liabilities of Rs.27.8 Cr.
- Promoters have pledged 99.6% of their holding.
- Earnings include an other income of Rs.31.2 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -6.25%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -93.01% | -82.16% | -99.68% |
| ebitda margin growth | -33.82% | 91.41% | 93.37% | 73.06% |
| net income growth | -10.31% | -11.43% | 30.96% | 11% |
| revenue growth | -10.56% | -3.67% | -8% | 5% |
| roce | -159.24% | -258.41% | -277.23% | 57.95% |
| roe | 10.59% | 19.35% | -26% | -106.3% |

## 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 | 237 | 246 | 228 | 261 | 181 | 160 | 196 | 233 | 215 | 136 | 145 | 139 |
| Expenses | 237 | 248 | 232 | 247 | 171 | 173 | 196 | 222 | 213 | 147 | 150 | 145 |
| Operating Profit | 0 | -2 | -5 | 14 | 9 | -13 | 0 | 11 | 2 | -11 | -5 | -6 |
| OPM % | -0.1 | -0.7 | -2 | 5 | 5 | -8 | 0 | 4.7 | 0.8 | -8 | -3.1 | -4.2 |
| Other Income | 15 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 15 | 6 | 10 | 0 |
| Interest | 10 | 9 | 10 | 9 | 8 | 8 | 38 | 16 | 17 | 17 | 20 | 20 |
| Depreciation | 6 | 6 | 7 | 6 | 6 | 6 | 4 | 6 | 6 | 6 | 5 | 5 |
| Profit before tax | -1 | -14 | -21 | 0 | -5 | -27 | -41 | -11 | -6 | -28 | -19 | -31 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1 | -14 | -21 | 0 | -5 | -27 | -41 | -11 | -6 | -28 | -19 | -31 |
| EPS in Rs | -0.34 | -8.63 | -12.45 | 0.23 | -2.86 | -16.13 | -24.86 | -6.6 | -3.6 | -17.02 | -11.84 | -18.74 |

### 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 | 710 | 843 | 736 | 567 | 752 | 950 | 956 | 797 | 729 | 635 |
| Expenses | 695 | 817 | 713 | 545 | 738 | 935 | 958 | 787 | 732 | 655 |
| Operating Profit | 15 | 26 | 23 | 22 | 15 | 15 | -2 | 10 | -3 | -20 |
| OPM % | 2.1 | 3 | 3.1 | 3.8 | 1.9 | 1.6 | -0.2 | 1.3 | -0.4 | -3.1 |
| Other Income | -7 | 4 | 1 | 197 | 804 | 213 | 18 | 3 | 31 | 31 |
| Interest | 140 | 228 | 224 | 203 | 5 | 11 | 39 | 64 | 71 | 74 |
| Depreciation | 26 | 25 | 25 | 25 | 24 | 26 | 25 | 22 | 22 | 22 |
| Profit before tax | -158 | -223 | -226 | -9 | 790 | 191 | -48 | -73 | -64 | -84 |
| Tax % | 0 | 0 | 0 | 0 | 0 | -30 | 4 | 0 | 0 | — |
| Net Profit | -158 | -223 | -226 | -9 | 790 | 248 | -50 | -73 | -64 | -84 |
| EPS in Rs | -105.03 | -148.39 | -150.69 | -6.15 | 526.63 | 148.76 | -30.1 | -43.62 | -39.15 | -51.2 |
| 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 | 15 | 15 | 15 | 15 | 15 | 15 | 17 | 17 | 16 | 16 |
| Reserves | -23 | -180 | -403 | -629 | -639 | 150 | 403 | 351 | 257 | 192 |
| Borrowings | 1100 | 1167 | 1314 | 1451 | 1474 | 617 | 356 | 314 | 351 | 385 |
| Other Liabilities | 99 | 158 | 171 | 218 | 106 | 135 | 138 | 158 | 210 | 196 |
| Total Liabilities | 1190 | 1160 | 1096 | 1055 | 957 | 917 | 914 | 840 | 833 | 789 |
| Fixed Assets | 737 | 718 | 695 | 673 | 650 | 628 | 565 | 542 | 521 | 502 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 0 |
| Investments | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| Other Assets | 446 | 435 | 395 | 375 | 301 | 283 | 343 | 289 | 298 | 280 |
| Total Assets | 1190 | 1160 | 1096 | 1055 | 957 | 917 | 914 | 840 | 833 | 789 |

### 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 | 19 | 147 | 76 | 39 | 232 | 860 | 336 | 11 | 36 | -1 |
| Cash from Investing Activity | -13 | 8 | 4 | -4 | -3 | -3 | 1 | 54 | -8 | 39 |
| Cash from Financing Activity | -3 | -151 | -84 | -35 | -226 | -860 | -327 | -76 | -28 | -37 |
| Net Cash Flow | 2 | 3 | -4 | 0 | 3 | -3 | 10 | -12 | -1 | 1 |
| Free Cash Flow | 0 | 141 | 79 | 36 | 231 | 858 | 332 | 65 | 26 | 37 |
| CFO/OP | 52 | 983 | 296 | 172 | 1074 | 5865 | 2185 | -646 | 338 | 33 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 139 | 139 | 106 | 117 | 101 | 71 | 37 | 40 | 45 | 46 |
| Inventory Days | 112 | 62 | 56 | 64 | 85 | 50 | 49 | 37 | 42 | 38 |
| Days Payable | 62 | 59 | 41 | 50 | 13 | 25 | 44 | 57 | 87 | 78 |
| Cash Conversion Cycle | 189 | 143 | 121 | 130 | 173 | 96 | 42 | 19 | 1 | 6 |
| Working Capital Days | -180 | -240 | -255 | -331 | -370 | -151 | 15 | -11 | -47 | -26 |
| ROCE % | 1 | -1 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | 1 |

## 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 | 70.45% | 70.45% | 70.45% | 70.45% | 63.4% | 63.4% | 63.4% | 63.4% | 64.2% | 64.2% | 64.2% | 64.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 10% | 10% | 10% | 10% | 10.12% | 10.12% | 10.12% | 10.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 15.72% | 15.72% | 15.68% | 16.11% | 14.55% | 14.48% | 14.25% | 14.59% | 14.79% | 14.72% | 14.7% | 14.73% |
| Others | 13.83% | 13.83% | 13.87% | 13.44% | 12.04% | 12.12% | 12.34% | 12.01% | 10.89% | 10.96% | 10.98% | 10.95% |
| No. of Shareholders | 4527 | 4481 | 4521 | 4674 | 4542 | 4586 | 4599 | 4551 | 4505 | 4490 | 4451 | 4396 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 27.66 | Buy |
| EMA (10) | 28.22 | Buy |
| SMA (20) | 28.06 | Buy |
| EMA (20) | 28.59 | Buy |
| SMA (50) | 28.99 | Buy |
| EMA (50) | 29.62 | Sell |
| SMA (100) | 32.49 | Sell |
| EMA (100) | 30.89 | Sell |
| SMA (200) | 33.11 | Sell |
| EMA (200) | 33.44 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.5 | Neutral |
| MACD (12,26,9) | -0.57 | Buy |
| Stochastic (14,3,3) | 63.18 | Neutral |
| ADX (14) | 15.11 | Neutral |
| Williams %R (14) | -27.78 | Neutral |
| ATR (14) | 1.64 | High Volatility |
| ROC (12) | -1.53 | Sell |
| Stoch RSI (14) | 99.54 | Sell |
| UO (7,14,28) | 51.88 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Intimation Of 79Th AGM Notice And Annual Report 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e65b3df-e221-4df8-92cb-420e86e3c3c8.pdf) |
| 2026-08-28 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=59acc5a9-6632-42e8-897f-65fc9467f0b1.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e496633-3e08-4715-84cc-b2e448ff7f34.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 10 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6f565df-e98a-403a-ab3c-c9be68134b2a.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Approval Of Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8caeed19-d10c-4b98-9672-b22438fd17e3.pdf) |
| 2026-07-16 | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=200ad698-93d8-4746-94e5-6e337d0aca17.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76734846-0f6a-4c9b-a70f-00d7f21fc216.pdf) |
| 2026-06-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6af2ec1c-d76b-42d5-af7c-a5c01e1d5d88.pdf) |
| 2026-05-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94454eec-cc14-4d45-a683-a8a312e7d0f4.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3feb1f1f-bfca-4c4a-bef1-2a16fbfa05b2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=723dc028-cee0-43e9-8fb7-9caec4a4d7e8.pdf) |
| 2026-05-30 | [Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ba57f88-517e-4c98-b659-9cc7640dab31.pdf) |
| 2026-02-13 | [Results - Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbba4feb-2dd4-4466-aee7-27702021e121.pdf) |
| 2025-11-12 | [Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended 30-09-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c7e2748-2233-4ca1-a08c-b0457cdc1567.pdf) |
| 2025-08-13 | [Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d507c2c-1f30-4b1f-ae85-56606c2b8bb7.pdf) |
| 2025-06-03 | [Financial Results For The Quarter And Year Ended March 31 2025 - Revised](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcdc339d-ca7f-47a9-97af-1ef4c784e506.pdf) |
| 2025-02-13 | [Submission Of Unaudited Standalone And Consolidate Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3867fd3-4346-46fb-b388-e397ca7aa073.pdf) |
| 2024-10-25 | [Intimation Of Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2dcfe75-109e-4334-aec1-667c8d25eae1.pdf) |
| 2024-07-26 | [Results-Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2983a2fa-00b8-4499-b6e3-f41cd3842e00.pdf) |
| 2024-07-03 | [Results - For The Financial Year And Quarter Ended March 31, 2024 - Revised](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7524f98a-bf19-4911-94a6-8c75d4617ccc.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Mr. S Chandrasekaran resigned as Whole Time Director effective 08 May 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 8 May - Mr. S Chandrasekaran resigned as Whole Time Director effective 08 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b5fda73-5fcf-458d-8c30-7e4e26815c05.pdf) |
| 7 Jan - Certificate under Regulation 74(5) submitted for quarter ended 31 Dec 2025 by Tulsyan NEC Limited. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Certificate under Regulation 74(5) submitted for quarter ended 31 Dec 2025 by Tulsyan NEC Limited.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/536624f8-ac68-47b5-8ea1-c48fd7ad8e48.pdf) |
| 3 Feb - Board meeting Feb 13, 2026 to approve unaudited results for quarter/nine months ended Dec 31, 2025; trading window closed Jan1–Feb15. | [Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025 3 Feb - Board meeting Feb 13, 2026 to approve unaudited results for quarter/nine months ended Dec 31, 2025; trading window closed Jan1–Feb15.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f59a19a2-8879-4e3f-8c02-c1b3ddf864f4.pdf) |
| 28 Feb - Window for Re-lodgment of transfer requests of Physical Shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb - Window for Re-lodgment of transfer requests of Physical Shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f57f2b80-3281-4efc-9c74-8bad4e2dbf51.pdf) |
| 28 Feb - Vanita Mathur appointed CEO effective 01-03-2026; KMP disclosure. | [Board Meeting Outcome for Appointment Of Chief Executive Officer (CEO) And Key Managerial Personnel - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 28 Feb - Vanita Mathur appointed CEO effective 01-03-2026; KMP disclosure.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1eb50e9-8b0c-4530-a311-d3a4ae9a4629.pdf) |
| 28 Feb - Mrs. Vanita Mathur appointed CEO effective 01-03-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 28 Feb - Mrs. Vanita Mathur appointed CEO effective 01-03-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f32e956d-ff5a-4c36-8cc0-e12b7f1de765.pdf) |
| 25 Mar - Trading window closed from April 1, 2026 until 48 hours after audited Q4 FY2026 results; board date to be intimated. | [Closure of Trading Window 25 Mar - Trading window closed from April 1, 2026 until 48 hours after audited Q4 FY2026 results; board date to be intimated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f90e13b-de8c-435d-84de-3d502e9e7138.pdf) |
| 21 Mar - Addendum to PPA (20 Mar 2026): supply to Manikaran Power Ltd; supply sources fixed unless Company consents. | [Addendum To Execution Of Power Purchase Agreement 21 Mar - Addendum to PPA (20 Mar 2026): supply to Manikaran Power Ltd; supply sources fixed unless Company consents.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77f42066-2beb-45ed-904a-579ee3ab6752.pdf) |
| 20 Mar - Entered 5-year back-to-back PPA for 60 MW RTC at Rs5.91/unit, Apr 2026–Mar 2031; eligible for coal linkage. | [Execution Of Power Purchase Agreement 20 Mar - Entered 5-year back-to-back PPA for 60 MW RTC at Rs5.91/unit, Apr 2026–Mar 2031; eligible for coal linkage.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9504825b-2a8c-4233-87f3-63f4f12a98a7.pdf) |
| 2 May - Board approved Rs.50 crore credit arrangement secured by mortgage of 31.86 acres on May 2, 2026. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On May 02, 2026 Pertaining To Execution Of The Registered Mortgage 2 May - Board approved Rs.50 crore credit arrangement secured by mortgage of 31.86 acres on May 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed4afa3e-aec7-46b8-9e4f-de542aeda449.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de5be8b3-3618-4fb8-912b-9251c82b3362.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27097708-8286-4522-b5a3-a22dfbcf2db7.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6547c8f-4767-4a67-a685-ef24684ea663.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/244725ff-2e74-4dea-997a-f8f144b1873f.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd00a5fc-de6a-45ce-84fc-41bfc34cf944.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2aefd1c0-1844-4941-8c7c-5c1e36a17575.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1277_ASHIMASYN_2012_2013_29082013145744.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_ASHIMASYN_2011_2012_25092012120001.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77c63e0e-d841-4a5b-b152-fb1d4dc0efed.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f5320991-2d03-4b0e-b38f-11c3cba6c76c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63647d72-1037-452b-827c-b622cfb5eb66.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/919a4681-9fe3-48a9-ae42-18eafbdcb950.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2228be06-63d4-477f-bb22-135140260353.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/beb4eb63-08ca-4ffb-b8f5-7946b0ac0943.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514286/73963514286.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/513629/76928513629.pdf) |

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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 2026-09-13T19:38:47.518Z.