---
title: "Thapar Exports Ltd (523822) — Share Price, Financials & Analysis"
symbol: "523822"
company: "Thapar Exports Ltd"
canonical: "https://tapetide.com/stocks/523822"
bse_code: "523822"
generated_at: "2026-10-13T11:00:21.896Z"
---

# Thapar Exports Ltd (523822)

Canonical page: https://tapetide.com/stocks/523822

## Company

- **BSE Code:** 523822
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- Company has high debtors of 2,066 days.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 24% |
| revenue growth | -68% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.06 | 0.06 | 1.35 | 2.96 | 0.16 | 0.78 | 0.34 | 0.19 | 0.12 |
| Expenses | 0.15 | 0.15 | 1.42 | 2.92 | 0.16 | 0.71 | 0.38 | 0.26 | 0.19 |
| Operating Profit | -0.09 | -0.09 | -0.07 | 0.04 | 0 | 0.07 | -0.04 | -0.07 | -0.07 |
| OPM % | -150 | -150 | -5.19 | 1.35 | 0 | 8.97 | -11.76 | -36.84 | -58.33 |
| Other Income | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0 | 0.01 | 0.02 |
| Profit before tax | -0.1 | -0.09 | -0.07 | 0.03 | -0.01 | 0.06 | -0.03 | -0.07 | -0.08 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.1 | -0.1 | -0.08 | 0.02 | -0.01 | 0.05 | -0.03 | -0.07 | -0.08 |

### Profit & Loss

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

| Item | Jun 2006 | Jun 2009 | Jun 2010 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 0.55 | 0.21 | 0.53 | 1.43 |
| Expenses | 1.08 | 0.33 | 0.66 | 1.54 |
| Operating Profit | -0.53 | -0.12 | -0.13 | -0.11 |
| OPM % | -96.36 | -57.14 | -24.53 | -7.69 |
| Other Income | 0.06 | 0.04 | 0.21 | 0.04 |
| Interest | 0.21 | 0 | 0 | 0 |
| Depreciation | 0.1 | 0.1 | 0.1 | 0.05 |
| Profit before tax | -0.78 | -0.18 | -0.02 | -0.12 |
| Tax % | -3.85 | -66.67 | -100 | — |
| Net Profit | -0.75 | -0.06 | 0 | -0.13 |
| Dividend Payout % | 0 | 0 | — | — |

### Balance Sheet

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

| Item | Jun 2006 | Jun 2009 | Jun 2010 |
| --- | --- | --- | --- |
| Equity Capital | 4.79 | 4.79 | 4.79 |
| Reserves | -8.25 | -9.04 | -9.04 |
| Borrowings | 1.54 | 1.78 | 1.38 |
| Other Liabilities | 7.55 | 7.32 | 7.37 |
| Total Liabilities | 5.63 | 4.85 | 4.5 |
| Fixed Assets | 1.57 | 1.28 | 1.18 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 4.06 | 3.57 | 3.32 |
| Total Assets | 5.63 | 4.85 | 4.5 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1875 | 1606 | 1843 | 2340 | 3604 | 1932 | 2252 | 2635 | 2117 |
| Cash from Investing Activity | -139 | 135 | 189 | -1760 | -300 | -1045 | -2326 | -2750 | -2270 |
| Cash from Financing Activity | -1749 | -1564 | -2067 | -594 | -3375 | -942 | 168 | 222 | -39 |
| Net Cash Flow | -13 | 177 | -35 | -14 | -71 | -55 | 94 | 107 | -192 |

### Ratios

| Item | Jun 2006 | Jun 2009 | Jun 2010 |
| --- | --- | --- | --- |
| Debtor Days | 2316.09 | 5666.19 | 2066.04 |
| Inventory Days | 0 | 0 | 0 |
| Cash Conversion Cycle | 2316.09 | 5666.19 | 2066.04 |
| Working Capital Days | -2296.18 | -6761.19 | -2968.21 |

## Shareholding Pattern

### annual

| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 54.26% | 54.28% | 55.97% | 55.9% | 55.86% | 55.84% | 55.84% | 55.84% |
| FIIs | 16.89% | 15.29% | 13.46% | 12.63% | 12.87% | 11.37% | 8.29% | 7.92% |
| DIIs | 4.39% | 5.49% | 4.96% | 7.07% | 8.53% | 12.62% | 16.43% | 18.99% |
| Government | 0.07% | 0.07% | 0.07% | 0.07% | 0.13% | 0.13% | 0.13% | 0.13% |
| Public | 23.22% | 24.87% | 25.53% | 24.33% | 22.59% | 20.03% | 19.29% | 17.11% |
| Others | 1.17% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 36197 | 40850 | 31529 | 62647 | 57072 | 61204 | 86250 | 73797 |

### 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 | 55.86% | 55.86% | 55.85% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% |
| FIIs | 12.87% | 13.91% | 14.13% | 12.96% | 11.37% | 9.43% | 8.94% | 9.08% | 8.29% | 8.23% | 8.75% | 7.92% |
| DIIs | 8.53% | 8.82% | 9.42% | 11.03% | 12.62% | 13.62% | 14.57% | 14.69% | 16.43% | 17.37% | 17.81% | 18.99% |
| Government | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
| Public | 22.59% | 21.29% | 20.46% | 20.03% | 20.03% | 20.99% | 20.52% | 20.24% | 19.29% | 18.42% | 17.45% | 17.11% |
| No. of Shareholders | 57072 | 51466 | 48927 | 52428 | 61204 | 88455 | 94161 | 90385 | 86250 | 76773 | 75971 | 73797 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.08 | Sell |
| EMA (10) | 7.19 | Sell |
| SMA (20) | 7.54 | Sell |
| EMA (20) | 7.55 | Sell |
| SMA (50) | 8.64 | Sell |
| EMA (50) | 8.81 | Sell |
| SMA (100) | 11.53 | Sell |
| EMA (100) | 10.78 | Sell |
| SMA (200) | 14.49 | Sell |
| EMA (200) | 13.37 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.6 | Neutral |
| MACD (12,26,9) | -0.53 | Buy |
| Stochastic (14,3,3) | 44.45 | Neutral |
| ADX (14) | 38.68 | Buy |
| Williams %R (14) | -61.4 | Neutral |
| ATR (14) | 0.62 | High Volatility |
| ROC (12) | -10.74 | Sell |
| Stoch RSI (14) | 70.61 | Neutral |
| UO (7,14,28) | 45.37 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-03 | [Intimation Of Schedule Of Analyst/ Institutional Investor Meeting(S)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8981c41-2e3f-4b0b-a97d-5b952399699d.pdf) |
| 2026-02-02 | [Intimation Of Schedule Of Analyst/ Institutional Investor Meeting(S)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fcf955c-1355-41cf-bc3f-d639cb34367c.pdf) |
| 2026-01-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc853b26-c8fa-40f5-bac5-a837ed229bd8.pdf) |
| 2026-01-23 | [Update - Re-Submission Of Legible/Machine-Readable Copy Of Unaudited Financial Results (Standalone & Consolidated) ('Results') For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/675a7092-e548-47dc-8748-37431076537d.pdf) |
| 2026-01-21 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78d66cf9-b978-4e74-9f17-3e862d1ceaa9.pdf) |
| 2026-01-21 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03a95abc-dd87-4e56-8d61-91349fa159f6.pdf) |
| 2015-07-16 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=396E79CC_7415_4FF1_AABB_D3688A326244_114655.pdf) |
| 2015-07-16 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/7/396E79CC_7415_4FF1_AABB_D3688A326244_114655.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61e30780-450b-4729-9e0a-e9e7e57ba03b.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04aeb415-0569-416e-8321-302dfa5f2f6c.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0ebf0cc-1851-4850-8f75-65dedb8b4891.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/542216/73179542216.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/542216/72091542216.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/542216/66829542216.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/542216/5422160319.pdf) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/DALMIA_BHARAT_LTD-542216-MARCH-2017.PDF) |
| 2016 | [Financial Year 2016](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/DALMIA_BHARAT_LTD-542216-MARCH-2016.PDF) |
| 2015 | [Financial Year 2015](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/DALMIA_BHARAT_LTD-542216-MARCH-2015.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc853b26-c8fa-40f5-bac5-a837ed229bd8.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aabf4ed1-0bbb-4608-8ae7-db6f623a68b3.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8b258b2-56d6-4210-9547-20c979fede7f.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd8a9af0-1047-499a-bfac-0ede7e55681b.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb623647-120c-44c5-955c-e483a71a6599.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c479b37e-525d-4f20-9210-76f669f53063.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2eb03e36-ddea-4ae0-8475-2d4ccb06a038.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3fa566fb-9a33-4628-9bc7-7005cb6fbbd6.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2b06fb0-7c19-498b-92fc-0a155c0b2dea.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05dca5b3-886f-401d-a312-e66c18350e39.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-08-11 | Credit rating update — CRISIL |
| 2024-06-06 | Credit rating update — CRISIL |
| 2023-03-20 | Credit rating update — CRISIL |
| 2022-12-20 | Credit rating update — CRISIL |
| 2022-11-25 | Credit rating update — CRISIL |
| 2022-03-10 | Credit rating update — CRISIL |

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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 2026-10-13T11:00:21.896Z.