---
title: "Velan Hotels Ltd (526755) — Share Price, Financials & Analysis"
symbol: "526755"
company: "Velan Hotels Ltd"
canonical: "https://tapetide.com/stocks/526755"
isin: "INE548D01014"
nse_symbol: "VELANHOTELSLTD"
bse_code: "526755"
sector: "Leisure Services"
industry: "Hotels & Resorts"
market_cap_cr: 17.5
generated_at: "2026-09-13T20:04:16.051Z"
---

# Velan Hotels Ltd (526755)

Canonical page: https://tapetide.com/stocks/526755

## Company

- **NSE Symbol:** VELANHOTELSLTD
- **BSE Code:** 526755
- **ISIN:** INE548D01014
- **Sector:** Leisure Services
- **Industry:** Hotels & Resorts
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** velanhotels.com

## About

Incorporated in 1993, Velan Hotels Ltd provides Hospitality Services including running of restaurants with bar[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:41:43.767343Z.

- **Market Cap:** ₹17.5 Cr
- **Classification:** Microcap
- **P/E (reported):** -2
- **EPS (TTM):** ₹-2.75
- **EPS (reported):** ₹0
- **Book Value:** ₹-6.71
- **Price to Book:** -0.82
- **Dividend Yield:** 0%
- **ROE:** 174.08%
- **ROCE:** -2.41%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0.04 Cr
- **Net Income:** ₹-8.5 Cr
- **EBITDA:** ₹-0.45 Cr
- **52-Week High:** ₹7.51
- **52-Week Low:** ₹4.01
- **RSI (14):** 39.56

## Tapetide Score

- **Score:** 47 / 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: Rising
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 81%
- **Data coverage:** 62%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 13.69 | 9% |
| growth | 2.12 | 9% |
| momentum | 75.4 | 12% |
| ownership | 50 | 24% |
| quality | 30.62 | 22% |
| valuation | 74.45 | 24% |

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

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -137% | 59.12% | -112.48% |
| ebitda margin growth | -500% | — | — | — |
| net income growth | 90% | -33.59% | 672.73% | -190.43% |
| revenue growth | 0% | -67% | — | 0% |
| roce | — | 35.39% | -91.56% | -4.82% |
| roe | — | -968.23% | -42.88% | — |

## 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 | 0.03 | 0.01 | 0 | 0 | 0 |
| Expenses | 0.1 | 0.15 | 0.24 | 0.09 | 0.14 | 0.31 | 0.36 | 0.09 | 0.19 | 0.11 | 0.11 | 0.58 |
| Operating Profit | -0.1 | -0.15 | -0.24 | -0.09 | -0.14 | -0.31 | -0.36 | -0.06 | -0.18 | -0.11 | -0.11 | -0.58 |
| OPM % | — | — | — | — | — | — | — | -200 | -1800 | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 11.38 | 0.25 | 0.25 | 0.25 | 6.75 | 0 |
| Depreciation | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Profit before tax | -0.23 | -0.28 | -0.37 | -0.22 | -0.27 | -0.44 | -11.87 | -0.44 | -0.56 | -0.49 | -6.99 | -0.71 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.24 | -0.28 | -0.37 | -0.22 | -0.28 | -0.44 | -11.87 | -0.44 | -0.56 | -0.5 | -7 | -0.71 |
| EPS in Rs | -0.08 | -0.09 | -0.12 | -0.07 | -0.09 | -0.14 | -3.71 | -0.14 | -0.18 | -0.16 | -2.19 | -0.22 |

### 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 | 8.56 | 6.33 | 3.23 | 0.04 | 0 | 0 | 0 | 0 | 0.04 | 0.01 |
| Expenses | 8.33 | 6.62 | 4.61 | 1.25 | 1.5 | 0.47 | 0.56 | 0.89 | 0.5 | 0.99 |
| Operating Profit | 0.23 | -0.29 | -1.38 | -1.21 | -1.5 | -0.47 | -0.56 | -0.89 | -0.46 | -0.98 |
| OPM % | 2.69 | -4.58 | -42.72 | -3025 | — | — | — | — | -1150 | -9800 |
| Other Income | 0.14 | 0.09 | 0.11 | 1.73 | 12.11 | -15.78 | 0 | 0 | 0 | 0 |
| Interest | 0.24 | 0.23 | 0.13 | 0 | 0 | 0.01 | 0 | 11.38 | 7.5 | 7.25 |
| Depreciation | 1.85 | 1.8 | 1.78 | 1.68 | 1.24 | 2.2 | 0.54 | 0.54 | 0.54 | 0.52 |
| Profit before tax | -1.72 | -2.23 | -3.18 | -1.16 | 9.37 | -18.46 | -1.1 | -12.81 | -8.5 | -8.75 |
| Tax % | 43.6 | 0 | 0 | -106.03 | 0 | 0.22 | 0 | 0 | 0 | — |
| Net Profit | -2.48 | -2.23 | -3.18 | 0.07 | 9.38 | -18.49 | -1.09 | -12.81 | -8.5 | -8.77 |
| EPS in Rs | -0.78 | -0.7 | -0.99 | 0.02 | 2.93 | -5.78 | -0.34 | -4.01 | -2.66 | -2.75 |
| 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 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 | 31.96 |
| Reserves | -8.5 | -10.98 | -13.2 | -16.38 | -16.31 | -6.93 | -25.42 | -26.51 | -39.32 | -47.82 |
| Borrowings | 137.19 | 136.82 | 137.01 | 136.39 | 72.39 | 60.6 | 51.89 | 49.93 | 62.02 | 50.6 |
| Other Liabilities | 20.58 | 21.3 | 21.48 | 21.86 | 20.42 | 11.29 | 6.51 | 6.33 | 4.52 | 24.81 |
| Total Liabilities | 181.23 | 179.1 | 177.25 | 173.83 | 108.46 | 96.92 | 64.94 | 61.71 | 59.18 | 59.55 |
| Fixed Assets | 113.07 | 111.58 | 109.79 | 107.57 | 58.76 | 81.01 | 52.51 | 51.98 | 51.44 | 50.9 |
| CWIP | 64.96 | 64.8 | 64.8 | 64.8 | 26.78 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3.2 | 2.72 | 2.66 | 1.46 | 22.92 | 15.91 | 12.43 | 9.73 | 7.74 | 8.65 |
| Total Assets | 181.23 | 179.1 | 177.25 | 173.83 | 108.46 | 96.92 | 64.94 | 61.71 | 59.18 | 59.55 |

### 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 | -16.88 | 0.83 | 0.05 | -0.09 | 5.93 | 23.17 | -1.81 | 2 | -0.74 | 18.93 |
| Cash from Investing Activity | -0.9 | -0.2 | -0.01 | 0.47 | 35.58 | -11.37 | 10.5 | 0 | 0 | 0 |
| Cash from Financing Activity | 17.62 | -0.64 | -0.07 | -0.74 | -41.51 | -11.79 | -8.69 | -1.96 | 0.71 | -18.92 |
| Net Cash Flow | -0.16 | -0.01 | -0.03 | -0.36 | 0 | 0 | -0.01 | 0.03 | -0.03 | 0.01 |
| Free Cash Flow | -17.79 | 0.63 | 0.04 | 0.38 | 41.51 | 11.8 | 8.69 | 2 | -0.74 | 18.93 |
| CFO/OP | -1165 | 365 | 7 | 5 | -517 | -1552 | 445 | -345 | 83 | -4115 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 14.94 | 4.69 | 8.07 | 0 | 0 | — | — | — | — | 0 |
| Inventory Days | 114.25 | 153.47 | 210.34 | 19.55 | 0 | — | — | — | — | — |
| Days Payable | 161.73 | 153.47 | 272.2 | 45.63 | — | — | — | — | — | — |
| Cash Conversion Cycle | -32.54 | 4.69 | -53.79 | -26.07 | 0 | — | — | — | — | 0 |
| Working Capital Days | -60.06 | -32.83 | -121.09 | -87.01 | 8942.5 | — | — | — | — | 182.5 |
| ROCE % | 0.09 | -0.93 | -1.28 | -2 | -2.33 | -3.16 | -3.68 | -1.93 | -2.6 | -2.24 |

## 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 | 80.15% | 80.15% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| 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 | 17.55% | 17.55% | 21.3% | 22.36% | 22.71% | 22.79% | 22.84% | 22.83% | 22.58% | 22.57% | 22.62% | 22.8% |
| Others | 2.3% | 2.3% | 3.7% | 2.64% | 2.29% | 2.21% | 2.16% | 2.17% | 2.41% | 2.43% | 2.38% | 2.2% |
| No. of Shareholders | 7000 | 7080 | 7801 | 7830 | 8200 | 8697 | 8792 | 8869 | 8757 | 8651 | 8572 | 8546 |

## 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) | 5.69 | Sell |
| EMA (10) | 5.66 | Sell |
| SMA (20) | 6.18 | Sell |
| EMA (20) | 5.93 | Sell |
| SMA (50) | 6.2 | Sell |
| EMA (50) | 6.13 | Sell |
| SMA (100) | 6.18 | Sell |
| EMA (100) | 6.11 | Sell |
| SMA (200) | 5.86 | Sell |
| EMA (200) | 6.05 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.56 | Neutral |
| MACD (12,26,9) | -0.28 | Sell |
| Stochastic (14,3,3) | 22.09 | Neutral |
| ADX (14) | 31.71 | Buy |
| Williams %R (14) | -68.89 | Neutral |
| ATR (14) | 0.33 | High Volatility |
| ROC (12) | -12.72 | Sell |
| Stoch RSI (14) | 49.68 | Neutral |
| UO (7,14,28) | 32.41 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8de5a2a0-b325-4e20-9d7f-c6d57f9c9e43.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6681a5d8-e84a-470c-85f9-0cf7b638c485.pdf) |
| 2026-09-04 | [Notice Of The 36Th Annual General Meeting Of The Company For The Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b531df71-7454-481f-92ed-0a902d475944.pdf) |
| 2026-08-25 | [Intimation Of Date Of 36Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fae38ee7-bbdc-430b-82df-7fa3cabc5c7f.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Intimation Of Date Of 36Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ffecd68-f1f0-43b1-bbb9-1decc531d522.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d464bea-3b8d-4bcf-b9ea-a059bd0c93f6.pdf) |
| 2026-08-07 | [Board Meeting Outcome for Re-Appointment Of Managing Director And Re-Appointment Of Executive Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d18549ef-477e-43be-8700-56c1901a3c5c.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71490765-1244-4969-afe1-dc8b293b97f8.pdf) |
| 2026-08-03 | [Board Meeting Intimation for Approving And Taking On Record Of Un-Audited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8bf54ef-c99c-46bd-88d2-bb5150256718.pdf) |
| 2026-07-17 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d673c78-6d61-4580-a233-698f5f2ce641.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0261527a-bdac-4bc0-9ee4-e8c06f910cc8.pdf) |
| 2026-05-22 | [Audited Financial Results For The Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be89e2ff-4140-468a-a87f-e70f027f9a96.pdf) |
| 2026-02-04 | [Un-Audited Financial Results For The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33135c2f-9007-43e0-97ab-41ca6d9cb49a.pdf) |
| 2025-11-14 | [Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=394a3e39-2191-4c57-9808-3b133e875868.pdf) |
| 2025-08-09 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ae72262-b8b4-46e6-b43f-94b184dfcd11.pdf) |
| 2025-05-30 | [Audited Financial Results For The Quarter Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61400335-38e0-4676-bcc1-be844e3c13e7.pdf) |
| 2025-02-10 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc945c4d-4669-4680-ac95-3342951e550e.pdf) |
| 2024-11-14 | [Un-Audited Financial Results For The Quarter Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d2f4c58-4294-4f72-9d2d-ff581d7dede0.pdf) |
| 2024-08-14 | [Intimation Of Un-Audited Financial Results For The Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f55c32be-9609-41fa-801d-35126bce0f43.pdf) |
| 2024-05-29 | [Audited Financial Results For The Quarter And Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b50b626-cabc-4bf4-9a0f-291d0bcff246.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 January 2026 - Exempt under Reg15(2); no Corporate Governance Report for quarter ended 31 Dec 2025. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 January 2026 - Exempt under Reg15(2); no Corporate Governance Report for quarter ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/EXCELLENTWIRES_07012026152124_Submissionof_CG.pdf) |
| 6 May - Velan Hotels says it is not a Large Corporate; credit rating below AA due to term loan defaults. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 6 May - Velan Hotels says it is not a Large Corporate; credit rating below AA due to term loan defaults.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e6f9ea2f-5180-47ce-baa7-93e61ac0ab48.pdf) |
| 6 Mar - Madras HC disposed writ; 30-day appeal liberty; 60-day recovery abeyance on entry-tax demand. | [Litigation - Hon''ble Madras High Court Passed An Order In Respect Of Writ Petition Filed By The Company 6 Mar - Madras HC disposed writ; 30-day appeal liberty; 60-day recovery abeyance on entry-tax demand.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f428f1f-e0ea-4c9a-9d62-602cbfcfe8ed.pdf) |
| 6 Feb - News paper publication of unaudited financial results for the q.e. 31st December 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - News paper publication of unaudited financial results for the q.e. 31st December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01bbbb3d-9d5f-4a66-b17c-7d06c0aba2d3.pdf) |
| 4 Mar - SEBI special window Feb 05,2026–Feb 04,2027 for demat of pre-April 1,2019 physical securities. | [Special Window For Transfer And Dematerialization Of Physical Securities 4 Mar - SEBI special window Feb 05,2026–Feb 04,2027 for demat of pre-April 1,2019 physical securities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3614e0c2-f3b7-42e5-b096-48376111ba9a.pdf) |
| 4 Feb - Board approved Q3 (Dec 31, 2025) unaudited results; auditors cite going-concern doubt, operations suspended since Mar 24, 2020. | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 31St December 2025 And Policy For Related Party Transaction 4 Feb - Board approved Q3 (Dec 31, 2025) unaudited results; auditors cite going-concern doubt, operations suspended since Mar 24, 2020.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/662804f9-53d1-4df3-b4f7-45551a023af3.pdf) |
| 31 Jan - Entry tax Rs.4,31,292; penalty Rs.4,31,292; interest Rs.20,05,260; order received 31-01-2026. | [An Order For Payment Of Entry Tax Alongwith The Penalty And Interest From Assistant Commissioner (CT) Tirupur 31 Jan - Entry tax Rs.4,31,292; penalty Rs.4,31,292; interest Rs.20,05,260; order received 31-01-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f02becb6-9a36-4fa2-a55d-997e021e87b9.pdf) |
| 30 Mar - Out-of-court settlement with Mohan Clothing; paid Rs.20 Lakhs against Rs.33.61 lakh claim; appeal closed. | [Settlement Of Litigation 30 Mar - Out-of-court settlement with Mohan Clothing; paid Rs.20 Lakhs against Rs.33.61 lakh claim; appeal closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ecaa6f17-2067-45a9-90f0-d165a7e30d00.pdf) |
| 3 February 2026 - DGFT granted TRQ to import gold bars from UAE; valid until 31.03.2026. | [General Updates 3 February 2026 - DGFT granted TRQ to import gold bars from UAE; valid until 31.03.2026.](https://nsearchives.nseindia.com/corporate/EXCELLENTWIRES_03022026182734_Disclosure_Under_Reg_30__EWPL.pdf) |
| 24 Jan - Board meeting on 04-Feb-2026 to approve Q3 results for quarter ended 31-Dec-2025; trading window closed. | [Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results For The Quarter Ended 31St December 2025 24 Jan - Board meeting on 04-Feb-2026 to approve Q3 results for quarter ended 31-Dec-2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b8eea11-2888-44a4-a221-06e2bdbf98e0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27121_EXCELLENT_2024_2025_A_26072025162059.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0e45d5e-ab6e-471f-a254-9e96b4458a0a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b12325ef-cb39-43a2-b8b2-e1664be8b986.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e67d3158-2798-4335-ab88-ce8c67333eba.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/75664526755_20_09_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/72770526755.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/67794526755_12_01_21.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/5267550319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/5267550318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526755/5267550317.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 2026-09-13T20:04:16.051Z.