---
title: "Rajasthan Tube Manufacturing Co Ltd (530253) — Share Price, Financials & Analysis"
symbol: "530253"
company: "Rajasthan Tube Manufacturing Co Ltd"
canonical: "https://tapetide.com/stocks/530253"
isin: "INE497E01020"
nse_symbol: "RAJASTHANTUBEMANUFACTURINGLTD"
bse_code: "530253"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 45.67
generated_at: "2026-09-13T19:17:10.122Z"
---

# Rajasthan Tube Manufacturing Co Ltd (530253)

Canonical page: https://tapetide.com/stocks/530253

## Company

- **NSE Symbol:** RAJASTHANTUBEMANUFACTURINGLTD
- **BSE Code:** 530253
- **ISIN:** INE497E01020
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** rajtube.com

## About

Incorporated in 1985, Rajasthan Tubes Mfg. 
Co. Ltd is in the business of manufacturing 
of ERW steel tubes.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:50:32.294516Z.

- **Market Cap:** ₹45.67 Cr
- **Classification:** Microcap
- **P/E (reported):** 19.6
- **EPS (TTM):** ₹0.53
- **Book Value:** ₹2.22
- **Price to Book:** 4.59
- **Dividend Yield:** 0%
- **ROE:** 5.56%
- **ROCE:** 19.13%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹17.01 Cr
- **Net Income:** ₹1.24 Cr
- **EBITDA:** ₹2 Cr
- **52-Week High:** ₹46
- **52-Week Low:** ₹9.5
- **RSI (14):** 43.06

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.81 | 9% |
| growth | 1.1 | 9% |
| momentum | 3.93 | 12% |
| ownership | 46.67 | 24% |
| quality | 75.6 | 22% |
| valuation | 41.38 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 4.55 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -16.6% over past five years.
- Promoter holding is low: 16.8%
- Company has a low return on equity of 9.45% over last 3 years.
- Contingent liabilities of Rs.14.7 Cr.
- Debtor days have increased from 55.1 to 107 days.
- Promoter holding has decreased over last 3 years: -37.7%
- Working capital days have increased from 61.9 days to 130 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -60.07% | 589.71% | -36.81% |
| ebitda margin growth | 0% | 253.92% | 404.29% | 200.51% |
| net income growth | 100% | 148% | 9% | 24% |
| revenue growth | 0.1% | -69.84% | -45% | -17% |
| roce | — | -15.54% | -24.18% | 21.68% |
| roe | — | -36.38% | 8.99% | -20.46% |

## 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 | 24.11 | 26.44 | 18.88 | 24.48 | 24.48 | 17.61 | 7.88 | 13.45 | 0.04 | 3.51 | 0 | 0.06 |
| Expenses | 23.55 | 25.81 | 18.51 | 24.06 | 24.06 | 17.55 | 6.55 | 14.38 | -0.01 | 0.6 | 0.04 | 0.02 |
| Operating Profit | 0.56 | 0.63 | 0.37 | 0.42 | 0.42 | 0.06 | 1.33 | -0.93 | 0.05 | 2.91 | -0.04 | 0.04 |
| OPM % | 2.32 | 2.38 | 1.96 | 1.72 | 1.72 | 0.34 | 16.88 | -6.91 | 125 | 82.91 | — | 66.67 |
| Other Income | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.09 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.33 | 0.36 | 0.35 | 0.31 | 0.31 | 0.32 | 0.27 | 0.15 | 0.03 | 0 | 0 | 0 |
| Depreciation | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.2 | 0.26 | -0.01 | 0.09 | 0.09 | -0.29 | 1.12 | -1.1 | 0 | 2.89 | -0.06 | 0.03 |
| Tax % | 0 | 0 | 500 | 0 | 0 | 0 | 1.79 | 0 | — | 0 | 850 | 0 |
| Net Profit | 0.21 | 0.26 | -0.06 | 0.09 | 0.09 | -0.28 | 1.1 | -1.1 | 0 | 2.89 | -0.56 | 0.03 |
| EPS in Rs | 0.05 | 0.06 | -0.01 | 0.02 | 0.02 | -0.06 | 0.24 | -0.24 | 0 | 0.64 | -0.12 | 0.01 |

### 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 | 77.26 | 76.7 | 41.42 | 42.28 | 53.17 | 99.88 | 94.91 | 56.34 | 17.01 | 3.61 |
| Expenses | 74.14 | 74.46 | 42.78 | 40.27 | 51 | 97.48 | 92.68 | 54.51 | 15.02 | 0.65 |
| Operating Profit | 3.12 | 2.24 | -1.36 | 2.01 | 2.17 | 2.4 | 2.23 | 1.83 | 1.99 | 2.96 |
| OPM % | 4.04 | 2.92 | -3.28 | 4.75 | 4.08 | 2.4 | 2.35 | 3.25 | 11.7 | 81.99 |
| Other Income | 0.02 | 0.03 | 0 | 0.01 | 0 | 0.02 | 0.01 | 0.09 | 0.01 | 0 |
| Interest | 2.34 | 2.07 | 1.55 | 1.39 | 1.48 | 1.31 | 1.37 | 1.31 | 0.18 | 0.03 |
| Depreciation | 0.11 | 0.1 | 0.09 | 0.08 | 0.08 | 0.07 | 0.1 | 0.11 | 0.07 | 0.07 |
| Profit before tax | 0.69 | 0.1 | -3 | 0.55 | 0.61 | 1.04 | 0.77 | 0.5 | 1.75 | 2.86 |
| Tax % | 46.38 | 50 | 0 | 23.64 | 8.2 | 7.69 | 6.49 | 4 | 29.14 | — |
| Net Profit | 0.38 | 0.05 | -2.99 | 0.42 | 0.56 | 0.96 | 0.72 | 0.49 | 1.24 | 2.36 |
| EPS in Rs | 0.08 | 0.01 | -0.66 | 0.09 | 0.12 | 0.21 | 0.16 | 0.11 | 0.28 | 0.53 |
| 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 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.51 | 4.51 |
| Reserves | 3.67 | 4.05 | 4.1 | 1.11 | 1.53 | 2.09 | 3.05 | 3.77 | 4.26 | 5.5 |
| Borrowings | 17.45 | 14.98 | 20.4 | 14.11 | 10.18 | 13.72 | 15.58 | 8.68 | 6.9 | 0 |
| Other Liabilities | 13.64 | 5.05 | 5.34 | 3.49 | 1.06 | 7.82 | 5.51 | 11.48 | 3.71 | 1.34 |
| Total Liabilities | 39.26 | 28.58 | 34.34 | 23.21 | 17.27 | 28.13 | 28.64 | 28.43 | 19.38 | 11.35 |
| Fixed Assets | 1.9 | 1.79 | 1.7 | 1.62 | 1.54 | 1.46 | 1.39 | 1.52 | 1.49 | 1.29 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.05 | 0.05 | 0.05 | 0 |
| Other Assets | 37.27 | 26.7 | 32.55 | 21.51 | 15.65 | 26.59 | 27.2 | 26.86 | 17.84 | 10.06 |
| Total Assets | 39.26 | 28.58 | 34.34 | 23.21 | 17.27 | 28.13 | 28.64 | 28.43 | 19.38 | 11.35 |

### 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 | 0.01 | 3.99 | -3.94 | 7.74 | 5.27 | -1.97 | -0.68 | 8.34 | 3.33 | 13.67 |
| Cash from Investing Activity | 0 | 0.88 | 0.33 | 0 | 0.01 | 0 | 0.04 | -0.22 | 0.02 | 0.19 |
| Cash from Financing Activity | -0.01 | -4.71 | 3.36 | -7.76 | -5.27 | 2.15 | 0.59 | -8.24 | -3.02 | -7.08 |
| Net Cash Flow | 0 | 0.17 | -0.26 | -0.02 | 0.01 | 0.18 | -0.04 | -0.13 | 0.32 | 6.78 |
| Free Cash Flow | 0 | 3.99 | -3.95 | 7.74 | 5.27 | -1.97 | -0.69 | 8.11 | 3.26 | 13.8 |
| CFO/OP | 1 | 129 | -175 | -569 | 269 | -88 | -25 | 376 | 183 | 713 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 53.82 | 47.43 | 57.01 | 84.24 | 41.96 | 33.43 | 33.88 | 22.23 | 36.54 | 106.65 |
| Inventory Days | 97.85 | 62.58 | 76.4 | 63.49 | 58 | 126.37 | 55.79 | 69.65 | 60.41 | 0 |
| Days Payable | 63.52 | 24.63 | 25.62 | 26.43 | 0.09 | 53.51 | 19.29 | 44.18 | 22.85 | — |
| Cash Conversion Cycle | 88.15 | 85.39 | 107.79 | 121.31 | 99.86 | 106.28 | 70.38 | 47.7 | 74.1 | 106.65 |
| Working Capital Days | 9.29 | 15.92 | 19.61 | 12.69 | 41.96 | 41.05 | 19.99 | 21.69 | 34.27 | 129.82 |
| ROCE % | 2.91 | 12.33 | 8.26 | -5.95 | 10.8 | 11.45 | 10.82 | 10.63 | 11.1 | 15.03 |

## 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 | 54.48% | 54.48% | 54.48% | 54.48% | 54.48% | 34.19% | 34.08% | 16.5% | 16.5% | 16.8% | 16.8% | 16.8% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.52% | 0.42% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 36% | 36.06% | 35.84% | 35.88% | 35.73% | 32.05% | 32.58% | 61.68% | 63.81% | 61.33% | 59.96% | 63.57% |
| Others | 9.51% | 9.46% | 9.68% | 9.63% | 9.79% | 33.76% | 33.34% | 21.82% | 19.69% | 21.36% | 22.83% | 19.64% |
| No. of Shareholders | 2482 | 2657 | 2863 | 2997 | 3024 | 3134 | 3140 | 174 | 4841 | 4909 | 4793 | 5107 |

## 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 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.14 | Sell |
| EMA (10) | 10.22 | Sell |
| SMA (20) | 10.44 | Sell |
| EMA (20) | 10.41 | Sell |
| SMA (50) | 11.01 | Sell |
| EMA (50) | 11.2 | Sell |
| SMA (100) | 12.35 | Sell |
| EMA (100) | 13.54 | Sell |
| SMA (200) | 21.13 | Sell |
| EMA (200) | 18.22 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.81 | Neutral |
| MACD (12,26,9) | -0.3 | Buy |
| Stochastic (14,3,3) | 28.2 | Neutral |
| ADX (14) | 15.97 | Neutral |
| Williams %R (14) | -65.52 | Neutral |
| ATR (14) | 0.69 | High Volatility |
| ROC (12) | -7.76 | Sell |
| Stoch RSI (14) | 35.43 | Neutral |
| UO (7,14,28) | 54.53 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Newspaper Advertisement - Disclosure Under Regulations 30 And 47 Of The Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations 2015 As Amended (The Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df9cfaf4-a0e5-4a11-a3b2-b2a292e69809.pdf) |
| 2026-09-09 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f91d7c6-54a2-43c2-a5f1-bd9b3a738996.pdf) |
| 2026-09-07 | [DECLARATION IN COMPLIANCE WITH REGULATION 31(4) OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATION 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ae81181-c026-4d61-8688-7cc94ba794f5.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bd2e6fd-9150-47d0-8759-be16850745fb.pdf) |
| 2026-09-06 | [Board Meeting Intimation for In Terms Of Regulation 29(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdd54949-8803-4785-a945-0b3eaa2543cc.pdf) |
| 2026-09-06 | [Board Meeting Intimation for In Terms Of Regulation 29(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef16ea16-8947-4d79-9a3a-683afda2f7ab.pdf) |
| 2026-08-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=341FE424_9C1C_4B85_BA02_C531C6A877FE_083717.pdf) |
| 2026-08-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6CA31F0C_C462_4BA6_A7A1_1C83EF8C4639_084158.pdf) |
| 2026-08-26 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6FEA767B_99FC_4CF4_B792_F60B99B4C95B_173808.pdf) |
| 2026-08-26 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ADC49C8_94E7_4FEE_960F_A616342472AF_175258.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-15 | [Submission Of Unaudited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab27119a-b4b5-4ad2-8ebf-ba87b9bdd35b.pdf) |
| 2026-06-01 | [Submission Of Unaudited Financial Results For The Quarter Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d82f001-fbb0-457e-b378-b1ed94094b4f.pdf) |
| 2026-06-01 | [Revised Submission Of Audited Financial Results For The Quarter Ended 31St Marchr 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbe9537a-3426-41fd-a34e-3e4c1d7c5aae.pdf) |
| 2026-02-14 | [Pursuant To The Regulation 33 Of Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirements) Regulation 2015 (Listing Regulations) The Board Of Directors At Their Meeting Held On 14Thfebuary 2026 Have Considered Approved And T](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1920ad5b-c5db-403b-9208-5a0f1483c977.pdf) |
| 2025-11-14 | [Submission Of Unaudited Financial Results For The Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08bcd489-6744-4777-9edb-3706d0db5947.pdf) |
| 2025-09-12 | [Revised Financial Results Quarter Ended 30 Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e36439fe-37e7-4442-8c4f-97134625c68c.pdf) |
| 2025-08-14 | [Results- Financial Results For Quarter Ended On 30 June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=910bc3c6-1a99-4c0b-b217-a60a8610ee0d.pdf) |
| 2025-05-01 | [Audited Financial Results Of The Company For The Financial Year Ended On March 31St 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=313e31df-fc4e-426a-8b32-0c424b94cdd0.pdf) |
| 2025-01-18 | [Submission Of Un-Audited Financial Results For The Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aef01e82-79b6-41d8-a8d1-b40a4f514a95.pdf) |
| 2024-11-09 | [Submission Of Un-Audited Financial Results For The Quarter And Half Year Ended September 30, 2024 As Per Regulation 33 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8e3e3a5-8e1e-48de-8a30-2a0b1ba10582.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 Feb - Unaudited standalone and consolidated Q3/9M results to Dec 31, 2025; Rs35.1m exceptional charge; Protiviti reappointed internal auditors. | [Announcement under Regulation 30 (LODR)-Change in Management 5 Feb - Unaudited standalone and consolidated Q3/9M results to Dec 31, 2025; Rs35.1m exceptional charge; Protiviti reappointed internal auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb84924e-31e6-4ef7-b9ce-c9b68780bbcc.pdf) |
| 5 Feb - Approved Q3 and 9M results to Dec 31, 2025; standalone YTD PAT Rs408.0m; order backlog Rs2,958m; reappointed Protiviti. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, February 5, 2026 - Regulation 33 Read With Regulation 30 Of The SEBI (LODR) Regulations, 2015 5 Feb - Approved Q3 and 9M results to Dec 31, 2025; standalone YTD PAT Rs408.0m; order backlog Rs2,958m; reappointed Protiviti.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ead03b0-bd2a-4f0c-aa26-912574c1318e.pdf) |
| 2d - Q3 results: revenue Rs351.24L, profit Rs289.41L; limited review unmodified; sales from old stock. | [Integrated Filing (Financial) For The Quarter Ended 31St December, 2025 2d - Q3 results: revenue Rs351.24L, profit Rs289.41L; limited review unmodified; sales from old stock.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f8b460f9-32e2-419d-a328-5b95e7120286.pdf) |
| 2d - Approved unaudited results for quarter ended 31-Dec-2025; resignation of Mr. Prashant Sharma. | [Board Meeting Outcome for Regulation 30 & 33 Of SEBI (Listing Obligations And Disclosure Requirement), Regulations, 2015 2d - Approved unaudited results for quarter ended 31-Dec-2025; resignation of Mr. Prashant Sharma.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/063e03a2-6361-430e-8ea4-0133fd988a44.pdf) |
| 29 Jan - Board meeting Feb 5, 2026 to consider unaudited standalone/consolidated results for quarter and nine months ended Dec 31, 2025. | [Board Meeting Intimation for Meeting To Be Held On Thursday, February 5, 2026, As Per Regulation 29 Of The SEBI (LODR) Regulations, 2015 29 Jan - Board meeting Feb 5, 2026 to consider unaudited standalone/consolidated results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/febc95ed-68e0-49f2-8909-3ac09739b4ff.pdf) |
| 26 Feb - Appointed Mayur Thakar (Independent director), Pankaj Joshi (Executive director), Rakesh Choudhary (CFO/KMP), effective 26 Feb 2026. | [Board Meeting Outcome for Intimation Regarding Appointment Of Mr. Mayur Jitendra Thakar & Mr. Pankaj Joshi And Chief Financial Officer And Key Managerial Personnel Of Mr. Rakesh Kumar Choudhary 26 Feb - Appointed Mayur Thakar (Independent director), Pankaj Joshi (Executive director), Rakesh Choudhary (CFO/KMP), effective 26 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c696112a-ad44-48c0-9144-ce209bdfa3a1.pdf) |
| 26 Feb - Appointed Mayur Thakar (Independent Director), Pankaj Joshi (Executive Director) and Rakesh Choudhary (CFO), effective 26 Feb 2026. | [Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 Intimation Regarding Appointment Of Mr. Mayur Jitendra Thakar As An Additional Director Non-Executive & Independent Director. Intimation Regarding Appointment Of Mr. Pankaj Joshi As An Additional Director Executive & Non- Independent Director Intimation Regarding Appointment Of Chief Financial Officer And Key Managerial Personnel Of Mr. Rakesh Kumar Choudhary 26](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8f4b945-c6ae-40e9-b7c4-faea320d4a08.pdf) |
| 24 Feb - Anders Wilhjelm resigns as Non-Executive Non-Independent Director, effective Feb 28, 2026; also left Norican Group CEO. | [Announcement under Regulation 30 (LODR)-Change in Directorate 24 Feb - Anders Wilhjelm resigns as Non-Executive Non-Independent Director, effective Feb 28, 2026; also left Norican Group CEO.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7dca371-8bf1-4cb9-9ef3-fb0c6907bf1a.pdf) |
| 22 Apr - Quarter ended 31 March 2026 investor complaints: 1 received, 1 resolved, 0 pending. | [Statement Of Investor Complaints As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter Ended 31St March 2026 22 Apr - Quarter ended 31 March 2026 investor complaints: 1 received, 1 resolved, 0 pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcee7590-8eae-4430-a181-aff189d64660.pdf) |
| 18 Feb - Newspaper Publication for the Financial Results quarter ended 31st December,2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Feb - Newspaper Publication for the Financial Results quarter ended 31st December,2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e257066a-f6be-4209-b5be-5d31f91e2505.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60229a60-70d4-4593-a959-91f5fe565ad4.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54876724-8a6c-47f8-bc9f-d272c869c3bf.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34bdca50-cec6-4223-91ce-4af23a511c8a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bc6fcd0-5de5-4626-81ba-e9b33a0f817d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d00fff94-c928-43f0-91ba-aed7b86eeb8a.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f8a8046-3a33-44e2-9d2c-0afd43ee1734.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500068/73824500068.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530253/74914530253.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500068/69004500068.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530253/70496530253.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 2026-09-13T19:17:10.122Z.