---
title: "Claro India Ltd (524366) — Share Price, Financials & Analysis"
symbol: "524366"
company: "Claro India Ltd"
canonical: "https://tapetide.com/stocks/524366"
bse_code: "524366"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T19:02:40.952Z"
---

# Claro India Ltd (524366)

Canonical page: https://tapetide.com/stocks/524366

## Company

- **BSE Code:** 524366
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Claro India is the pioneering manufacturer of paraformaldehyde in India, a premium 96% concentration product, produced by handful of companies in the world. The fine powder grade for friction dust has received good recognition in the international market.

## Latest Price

## Key Insights

### Weaknesses

- Earnings include an other income of Rs.0.94 Cr.
- Company has high debtors of 181 days.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 135% | 33% |
| revenue growth | -6% | 17% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 283 | 273 | 277 | 273 | 258 | 248 | 249 | 261 | 248 | 241 | 241 | 251 |
| Expenses | 249 | 244 | 235 | 233 | 218 | 221 | 221 | 233 | 220 | 222 | 223 | 238 |
| Operating Profit | 34 | 29 | 42 | 40 | 40 | 27 | 28 | 27 | 28 | 19 | 18 | 13 |
| OPM % | 12 | 11 | 15 | 15 | 16 | 11 | 11 | 10 | 11 | 8 | 7 | 5 |
| Other Income | 27 | 50 | 52 | 51 | 57 | 55 | 69 | 55 | 67 | 71 | 52 | 58 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 |
| Depreciation | 29 | 28 | 29 | 28 | 28 | 26 | 27 | 26 | 26 | 24 | 23 | 23 |
| Profit before tax | 31 | 50 | 64 | 62 | 69 | 55 | 69 | 55 | 69 | 65 | 46 | 48 |
| Tax % | -304 | 15 | 29 | 23 | -12 | 22 | 25 | 24 | 13 | 17 | 24 | 16 |
| Net Profit | 126 | 42 | 46 | 48 | 77 | 43 | 52 | 42 | 60 | 54 | 35 | 40 |
| EPS in Rs | 2.8 | 0.89 | 0.96 | 0.99 | 1.66 | 0.95 | 1.09 | 0.84 | 1.3 | 1.14 | 0.74 | 0.8 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Sales | 5.28 | 4.41 | 5.26 | 7.59 | 7.15 |
| Expenses | 5.27 | 4.65 | 5.77 | 7.78 | 6.86 |
| Operating Profit | 0.01 | -0.24 | -0.51 | -0.19 | 0.29 |
| OPM % | 0.19 | -5.44 | -9.7 | -2.5 | 4.06 |
| Other Income | 0.93 | 0.01 | 0.01 | 0.02 | 0.94 |
| Interest | 0.59 | 0.73 | 1.04 | 0.78 | 0.4 |
| Depreciation | 0.34 | 0.35 | 0.36 | 0.37 | 0.37 |
| Profit before tax | 0.01 | -1.31 | -1.9 | -1.32 | 0.46 |
| Tax % | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.01 | -1.31 | -1.9 | -1.32 | 0.46 |
| EPS in Rs | 0.02 | -2.91 | -4.22 | -2.93 | 1.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| Reserves | -6.51 | -7.82 | -9.72 | -11.04 | -10.58 |
| Borrowings | 8.99 | 9.71 | 11.63 | 11.45 | 12.49 |
| Other Liabilities | 0.49 | 1.37 | 1.89 | 1.44 | 1.88 |
| Total Liabilities | 7.47 | 7.76 | 8.3 | 6.35 | 8.29 |
| Fixed Assets | 3.43 | 3.38 | 3.44 | 3.09 | 2.72 |
| CWIP | 0.07 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3.97 | 4.38 | 4.86 | 3.26 | 5.57 |
| Total Assets | 7.47 | 7.76 | 8.3 | 6.35 | 8.29 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.28 | 0.21 | -0.71 | 0.91 | -0.04 |
| Cash from Investing Activity | -0.02 | -0.22 | -0.43 | -0.01 | 0 |
| Cash from Financing Activity | 0.43 | 0 | 1.11 | -0.96 | 0.64 |
| Net Cash Flow | 0.13 | -0.01 | -0.03 | -0.06 | 0.6 |
| Free Cash Flow | -0.3 | -0.01 | -1.14 | 0.9 | -0.04 |
| CFO/OP | -2800 | -88 | 139 | -479 | -14 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 201.16 | 230.92 | 172.09 | 103.87 | 180.71 |
| Inventory Days | 52.82 | 109.19 | 143.61 | 33.13 | 55.38 |
| Days Payable | 26.41 | 57.19 | 62.4 | 30.88 | 86.08 |
| Cash Conversion Cycle | 227.57 | 282.91 | 253.3 | 106.12 | 150.02 |
| Working Capital Days | 214.99 | 220.16 | 183.19 | 75.02 | 144.47 |
| ROCE % | — | -8.68 | -13.44 | -9.54 | 15.19 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 36.78% | 36.45% | 86.53% | 86.53% | 74.9% | 74.9% | 74.91% | 74.91% | 74.91% | 74.9% |
| FIIs | 19.47% | 17.74% | 0.7% | 0.7% | 1.31% | 1.05% | 1.08% | 1.11% | 0.82% | 0.51% |
| DIIs | 30.2% | 29.62% | 0.4% | 0.4% | 5.18% | 0% | 0.19% | 0.18% | 0.14% | 0.14% |
| Public | 13.55% | 15.96% | 12.27% | 12.27% | 18.51% | 23.95% | 23.74% | 23.72% | 24.05% | 24.36% |
| Others | 0% | 0.23% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| No. of Shareholders | 10748 | 12200 | 11915 | 12852 | 32986 | 90535 | 91153 | 123334 | 167086 | 153581 |

### 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 | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.9% | 74.9% |
| FIIs | 1.08% | 1.24% | 1.3% | 0.98% | 1.11% | 0.96% | 0.76% | 0.74% | 0.82% | 0.63% | 0.49% | 0.51% |
| DIIs | 0.19% | 0.2% | 0.21% | 0.17% | 0.18% | 0.18% | 0.19% | 0.2% | 0.14% | 0.14% | 0.14% | 0.14% |
| Public | 23.74% | 23.57% | 23.5% | 23.86% | 23.72% | 23.87% | 24.05% | 24.07% | 24.05% | 24.23% | 24.4% | 24.36% |
| Others | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| No. of Shareholders | 91153 | 89345 | 99902 | 108548 | 123334 | 139856 | 159039 | 163164 | 167086 | 163348 | 158377 | 153581 |

## 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) | 25.93 | Sell |
| EMA (10) | 25.78 | Sell |
| SMA (20) | 26.82 | Sell |
| EMA (20) | 26.36 | Sell |
| SMA (50) | 27.76 | Sell |
| EMA (50) | 28.3 | Sell |
| SMA (100) | 32.79 | Sell |
| EMA (100) | 31.71 | Sell |
| SMA (200) | 37.85 | Sell |
| EMA (200) | 37.12 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.32 | Neutral |
| MACD (12,26,9) | -0.76 | Sell |
| Stochastic (14,3,3) | 22.2 | Neutral |
| ADX (14) | 26.79 | Buy |
| Williams %R (14) | -75.7 | Neutral |
| ATR (14) | 2.14 | High Volatility |
| ROC (12) | -6.77 | Sell |
| Stoch RSI (14) | 33.55 | Neutral |
| UO (7,14,28) | 47.52 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - Board meeting on Jan 14, 2026 to approve Q3 and nine-month unaudited results ended Dec 31, 2025. | [Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025 7 Jan - Board meeting on Jan 14, 2026 to approve Q3 and nine-month unaudited results ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba054ad9-8b66-453c-8417-3f1923f8c63d.pdf) |
| 7 Feb - Published advertisement on special window for transfer/demat of physical shares on Feb 7, 2026. | [Newspaper clippings - Special Window for transfer and dematerialisation (demat) of physical shares 7 Feb - Published advertisement on special window for transfer/demat of physical shares on Feb 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7DCF1BEA-8085-4F2C-BF30-CFEB67E0E210-130615.pdf) |
| 14 Jan - Unaudited Q3/9M results ended 31 Dec 2025; consolidated 9M PAT Rs1,291.96m; standalone 9M PAT Rs938.47m. | [Board Meeting Outcome for Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025 14 Jan - Unaudited Q3/9M results ended 31 Dec 2025; consolidated 9M PAT Rs1,291.96m; standalone 9M PAT Rs938.47m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce96e6d4-9d2a-4d2c-91a2-f04cb2d92b30.pdf) |
| — | [Standalone And Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025 14 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b970a6bb-d8fd-4890-a5f2-60dcff72a69a.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Investor Presentation 14 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5045584d-9688-457b-a9dc-78927321e6c5.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3A1D2477_FE48_4326_A266_3A182E453376_104832.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c1055ab-8681-4cd0-b495-53178582a363.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d0ee9e4-8d39-4346-af84-8ef67133395d.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d2032c3-7ab1-4e08-b202-cd44f9328b1c.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b9db432-80e5-4adc-bc0d-17d16654199f.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e87ff1d3-61bd-4f17-8d6c-b77a5d2c5624.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fbac790-315b-4139-9db4-9fc10e9f550d.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13aa75ef-f1f8-4cf1-825b-45527ca442de.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/5674ea0b-8c35-43fb-8d44-411950a9ed28.pdf) |
| Nov 2015 | [Concall - Nov 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CB811975_03B9_4FA0_8EF9_5E0C7D5897F3_123256.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1286_DEN_2012_2013_29082013181130.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_DEN_2011_2012_26092012102526.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfca0a3a-8e71-415d-aa2b-b61d92901042.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16b48fc5-ef80-4dce-af98-4e47f3227a9d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca55fe33-efa2-4f98-a301-f794857af5b6.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533137/73470533137.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533137/69906533137.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533137/65286533137.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533137/5331370319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533137/5331370318.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 2026-09-13T19:02:40.952Z.