---
title: "Carnation Industries Ltd (530609) — Share Price, Financials & Analysis"
symbol: "530609"
company: "Carnation Industries Ltd"
canonical: "https://tapetide.com/stocks/530609"
isin: "INE081B01028"
bse_code: "530609"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 34
generated_at: "2026-09-13T19:31:25.665Z"
---

# Carnation Industries Ltd (530609)

Canonical page: https://tapetide.com/stocks/530609

## Company

- **BSE Code:** 530609
- **ISIN:** INE081B01028
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** carnation.org.in

## About

Established in 1983, Carnation Industries Ltd  is engaged in manufacturing and export of grey iron and ductile castings primarily for sanitary and water distribution purposes.

## Latest Price

- **Price:** ₹98.26
- **Change:** 0 (0%)
- **Open:** ₹98.26
- **Day High:** ₹98.26
- **Day Low:** ₹97.77
- **Previous Close:** ₹98.26
- **Volume:** 23
- **As Of:** 2026-09-09T03:05:22+00:00

## Key Fundamentals

Observed at 2026-09-07T04:34:02.622040Z.

- **Market Cap:** ₹34 Cr
- **Classification:** Microcap
- **P/E (reported):** -61
- **EPS (TTM):** ₹-1.61
- **Book Value:** ₹4.34
- **Price to Book:** 22.66
- **Dividend Yield:** 0%
- **ROE:** -8.79%
- **ROCE:** 6.22%
- **Debt to Equity:** 9.08
- **Revenue (yearly):** ₹2 Cr
- **Net Income:** ₹-0.1 Cr
- **EBITDA:** ₹0.9 Cr
- **52-Week High:** ₹98.26
- **52-Week Low:** ₹21.07

## Key Insights

### Weaknesses

- Stock is trading at 22.6 times its book value
- Company has low interest coverage ratio.
- Company has high debtors of 406 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 27.72% | — | 90.63% |
| ebitda margin growth | -116.67% | -25.5% | — | 246.71% |
| net income growth | -162.5% | -107.14% | 8% | 9% |
| revenue growth | -100% | -13.04% | — | 2.13% |
| roce | — | -92.29% | -55.51% | 32.12% |
| roe | — | -110.06% | 31.84% | -160.62% |

## 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 | 2.34 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 |
| Expenses | 0.05 | 0.03 | 0.15 | 0.07 | 0.05 | 0.22 | 0.49 | 0.09 | 0.21 | 0.21 | 0.52 | 0.15 |
| Operating Profit | -0.05 | -0.03 | -0.15 | 2.27 | -0.05 | -0.22 | -0.49 | -0.09 | -0.21 | -0.21 | 1.18 | -0.15 |
| OPM % | — | — | — | 97.01 | — | — | — | — | — | — | 69.41 | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.24 | 0.03 | 0 |
| Interest | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.31 | 0.32 | 0.35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.11 | -0.03 | -0.15 | 2.27 | -0.05 | -0.22 | -0.49 | -0.09 | -0.26 | -0.28 | 0.89 | -0.5 |
| Tax % | 0 | 0 | 0 | 0.88 | 0 | 22.73 | 0 | 0 | 0 | 92.86 | 15.73 | 4 |
| Net Profit | -0.11 | -0.03 | -0.15 | 2.25 | -0.06 | -0.27 | -0.49 | -0.09 | -0.26 | -0.54 | 0.76 | -0.52 |
| EPS in Rs | -0.32 | -0.09 | -0.43 | 6.51 | -0.17 | -0.78 | -1.42 | -0.26 | -0.75 | -1.56 | 2.2 | -1.5 |

### 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 | 50.06 | 6.8 | -0.23 | -0.01 | 0 | 0 | 0 | 0 | 1.7 | 1.7 |
| Expenses | 55.02 | 11.84 | 1.8 | 1.69 | 1.55 | 0.52 | 0.34 | 0.84 | 0.98 | 1.09 |
| Operating Profit | -4.96 | -5.04 | -2.03 | -1.7 | -1.55 | -0.52 | -0.34 | -0.84 | 0.72 | 0.61 |
| OPM % | -9.91 | -74.12 | — | — | — | — | — | — | 42.35 | 35.88 |
| Other Income | 3.6 | 2.46 | 4.34 | -5.6 | 1.22 | -0.28 | 0 | 2.34 | 0.27 | 0.27 |
| Interest | 4.03 | 1.03 | 1.94 | 0.44 | 0.29 | 0.23 | 0.11 | 0 | 0.72 | 1.03 |
| Depreciation | 1.21 | 1.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0 | 0 |
| Profit before tax | -6.6 | -4.62 | 0.35 | -7.76 | -0.64 | -1.05 | -0.47 | 1.49 | 0.27 | -0.15 |
| Tax % | -0.91 | 1.52 | 0 | 0 | 18.75 | 16.19 | 4.26 | 4.7 | 148.15 | — |
| Net Profit | -6.53 | -4.68 | 0.34 | -7.76 | -0.76 | -1.22 | -0.49 | 1.42 | -0.13 | -0.56 |
| EPS in Rs | -18.89 | -13.54 | 0.98 | -22.45 | -2.2 | -3.53 | -1.42 | 4.11 | -0.38 | -1.61 |
| 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 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 | 3.46 |
| Reserves | 15.11 | 8.43 | 3.88 | 3.93 | -3.91 | -4.66 | -5.87 | -6.36 | -1.83 | -1.96 |
| Borrowings | 33.74 | 32.23 | 27.49 | 1.42 | 1.53 | 1.59 | 1.75 | 1.92 | 0.11 | 13.62 |
| Other Liabilities | 33.54 | 25.33 | 21.6 | 19.55 | 13.18 | 1.87 | 2 | 2.28 | 0.57 | 1.65 |
| Total Liabilities | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.3 | 2.31 | 16.77 |
| Fixed Assets | 11.75 | 10.99 | 10.03 | 3.04 | 1.06 | 0.94 | 0.9 | 0.88 | 0 | 0 |
| CWIP | 0.32 | 0.63 | 0.63 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.05 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Other Assets | 73.73 | 57.8 | 45.74 | 25.31 | 13.19 | 1.31 | 0.44 | 0.42 | 2.31 | 16.77 |
| Total Assets | 85.85 | 69.45 | 56.43 | 28.36 | 14.26 | 2.26 | 1.34 | 1.3 | 2.31 | 16.77 |

### 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 | 8.54 | 5.35 | 4.91 | 4.6 | -3.77 | -7.79 | -0.04 | -0.05 | -1.01 | -0.73 |
| Cash from Investing Activity | -0.95 | 0.3 | 0.83 | 23.64 | 11.12 | 1.02 | 0.06 | 0 | 0.12 | -13.17 |
| Cash from Financing Activity | -8.26 | -5.54 | -5.78 | -28.21 | -0.36 | -0.22 | -0.09 | 0.05 | 1.8 | 13.16 |
| Net Cash Flow | -0.68 | 0.12 | -0.03 | 0.03 | 6.99 | -6.99 | -0.07 | 0 | 0.9 | -0.74 |
| Free Cash Flow | 7.59 | 4.66 | 5.41 | 28.03 | 7.34 | -6.79 | 0.01 | -0.05 | -0.89 | -3.06 |
| CFO/OP | 307 | -108 | -92 | -235 | 220 | 514 | 10 | 15 | 120 | -93 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 236.93 | 310.02 | 1980.12 | -29533.26 | -22995 | — | — | — | — | 405.79 |
| Inventory Days | 82.85 | 55.49 | 92.24 | -1221.96 | -2190 | — | — | — | — | — |
| Days Payable | 309.27 | 288.37 | 1452.84 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 10.5 | 77.14 | 619.53 | -30755.22 | -25185 | — | — | — | — | 405.79 |
| Working Capital Days | 30.13 | 20.85 | -39.72 | 9728.04 | -251485 | — | — | — | — | 165.32 |
| ROCE % | 10.32 | -5.33 | -10.31 | 10.49 | -32.96 | -81.63 | — | — | 392.11 | 8.9 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 43.66% | 43.66% | 43.66% | 43.66% | 43.66% | 43.66% | 89.98% | 89.98% | 89.98% | 89.98% | 89.98% | 89.98% |
| 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 | 50.21% | 50.37% | 50.37% | 50.37% | 50.02% | 50.02% | 8.82% | 8.82% | 8.37% | 7.63% | 6.92% | 6.95% |
| Others | 6.12% | 5.97% | 5.96% | 5.96% | 6.32% | 6.32% | 1.2% | 1.2% | 1.64% | 2.39% | 3.09% | 3.07% |
| No. of Shareholders | 2268 | 2250 | 2329 | 2329 | 2425 | 2425 | 2352 | 2352 | 2072 | 2025 | 1982 | 1944 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 1 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 95.48 | Buy |
| EMA (10) | 95.57 | Buy |
| SMA (20) | 91.6 | Buy |
| EMA (20) | 91.69 | Buy |
| SMA (50) | 79.41 | Buy |
| EMA (50) | 78 | Buy |
| SMA (100) | 50.41 | Buy |
| EMA (100) | 59.38 | Buy |
| SMA (200) | 29.23 | Buy |
| EMA (200) | 40.21 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 85.82 | Sell |
| MACD (12,26,9) | 5.67 | Sell |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 34.06 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 2.15 | Neutral |
| ROC (12) | 10.23 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 98.41 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cc411b4-c435-4e78-a3b3-a9d2389fa8e9.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eee85b19-7e55-4d5e-b39d-9ff490a26464.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bfe2474-5b12-47ba-a58b-46992222237b.pdf) |
| 2026-08-03 | [Notice Of Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a30b1724-db73-44ca-ab08-d3037f30a7e2.pdf) |
| 2026-08-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=daf8eca5-131b-4bd4-b0e0-f9824c0f7d97.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12dc7cd3-2a38-4d46-8654-3079c832c048.pdf) |
| 2026-07-30 | [Board Meeting Outcome for Outcome Of Board Meeting Held On July 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1227b4fd-bb46-482d-99ae-0dd87449f55f.pdf) |
| 2026-07-30 | [Book Closure Intimation For The Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7c6d71e-6dcb-4201-abf2-cb113332b875.pdf) |
| 2026-07-27 | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d1c8b91-227a-437c-b932-89d4ea71fac2.pdf) |
| 2026-07-16 | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=231ab77d-b4d5-4bfd-87ce-5a67ed401c12.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=061d9ddd-56e5-40bd-bf7c-1b142948acb0.pdf) |
| 2026-05-05 | [Annual Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff1c3e02-d952-4ee0-9050-6b6f7f115009.pdf) |
| 2026-01-27 | [Unaudited Financial Results For The Quarter Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a15eab00-2347-4f13-b887-bddeaecfb0d7.pdf) |
| 2025-10-17 | [Un-Audited Financial Results For The Quarter And Half Year Ended On September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ba26968-ebd7-4044-918b-796dfb9307d7.pdf) |
| 2025-08-13 | [Unaudited Financial Results For The Quarter Ended June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e88e6f2a-9025-4f9d-bf54-b75c6a582427.pdf) |
| 2025-05-29 | [Audited Financial Results Of The Company For The Quarter And Financial Year Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40317cf3-db99-407b-8541-786468baac1b.pdf) |
| 2025-01-30 | [Submission Of Un-Audited Financial Results For The Quarter And Nine Months Ended December 31 2024 As Per Regulation 33 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0939c508-66fd-46d7-92cf-baba8e390682.pdf) |
| 2024-12-05 | [Submission Of Un-Audited Financial Results For The Quarter Ended June 30,2024 As Per Regulation 33 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c19176b-00c1-4145-b168-0a9af06a0d90.pdf) |
| 2024-12-05 | [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=55f78c5e-bc3a-47e9-8402-8d2a6e498eb4.pdf) |
| 2024-05-30 | [Financial Results For The Quarter And Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e498ab46-3abe-4b3c-80dd-0f8e0aa60263.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8372a286-43af-4487-b3fe-3e343bd1699f.pdf) |
| 5 May - Board approved audited FY26 results with unmodified audit opinion and appointed Jha Gunjan & Associates as internal auditor for FY27. | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 5, 2026 5 May - Board approved audited FY26 results with unmodified audit opinion and appointed Jha Gunjan & Associates as internal auditor for FY27.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/eebd077f-713a-4936-90fb-ab70824d17a2.pdf) |
| 31 Mar - Trading window closed from April 1, 2026 until 48 hours after March 31, 2026 results. | [Closure of Trading Window 31 Mar - Trading window closed from April 1, 2026 until 48 hours after March 31, 2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/843f1184-486e-480f-8fa5-e1f46733d8b9.pdf) |
| 31 Jan - Parul Rai resigns as Company Secretary & Compliance Officer effective January 31, 2026; personal reasons stated. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 31 Jan - Parul Rai resigns as Company Secretary & Compliance Officer effective January 31, 2026; personal reasons stated.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7fa99e4-9d6d-4910-846b-88328992c63d.pdf) |
| 28 January 2026 - Integrated governance filing; disclosed GST/CGST penalties (Rs.789,300; Rs.3,409,764; others) zero investor complaints. | [Integrated Filing- Governance 28 January 2026 - Integrated governance filing; disclosed GST/CGST penalties (Rs.789,300; Rs.3,409,764; others) zero investor complaints.](https://nsearchives.nseindia.com/corporate/GRAPHISADS_28012026171431_Integrated_Filling.pdf) |
| 28 Jan - Newspaper advertisement of Unaudited Financial Results of the Company for Quarter and nine months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Jan - Newspaper advertisement of Unaudited Financial Results of the Company for Quarter and nine months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a3fd53d-baa1-4e4f-a50e-d90d74a7dc21.pdf) |
| 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results. | [Board Meeting Intimation for Board Meeting To Be Held On Tuesday, May 05, 2026 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c8c567a-0c39-43da-ba23-c60796de992c.pdf) |
| 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results. | [Board Meeting Intimation for Board Meeting To Be Held On Tuesday, May 05, 2026 28 Apr - Board meeting on May 5, 2026 to approve audited FY26 and Q4 results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c8c567a-0c39-43da-ba23-c60796de992c.pdf) |
| 27 Jan - Board approved unaudited Q3 and nine-month results for period ended Dec 31, 2025; limited review attached. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday, January 27, 2026 27 Jan - Board approved unaudited Q3 and nine-month results for period ended Dec 31, 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d42309d-a813-43e0-ab8c-23fde0699bd6.pdf) |
| 26 Feb - CS Sanjog appointed Company Secretary and Compliance Officer effective February 26, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On February 26, 2026 26 Feb - CS Sanjog appointed Company Secretary and Compliance Officer effective February 26, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a1014ce-9972-443c-afbd-c34c7bb862b5.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28544_GRAPHISAD_2024_2025_A_8837484_05092025133407.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26027_GRAPHISAD_2023_2024_06092024181216.pdf) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/daf8eca5-131b-4bd4-b0e0-f9824c0f7d97.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31c64937-81aa-48f6-a42d-507bac98de46.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/75281530609.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/71398530609.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/65858530609.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/5306090319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/5306090318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530609/5306090317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/GRAPHISADS_20062025185849_Presentation.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 2026-09-13T19:31:25.665Z.