---
title: "Religare Technova Global Solutions Ltd(merged) (530619) — Share Price, Financials & Analysis"
symbol: "530619"
company: "Religare Technova Global Solutions Ltd(merged)"
canonical: "https://tapetide.com/stocks/530619"
isin: "INE603B01029"
bse_code: "530619"
generated_at: "2026-10-13T11:00:15.950Z"
---

# Religare Technova Global Solutions Ltd(merged) (530619)

Canonical page: https://tapetide.com/stocks/530619

## Company

- **BSE Code:** 530619
- **ISIN:** INE603B01029
- **Stock Type:** DELISTED
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** religaretechglobal.com

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 165 to 80.9 days.

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| revenue growth | 80% |

## 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 | 749 | 703 | 836 | 758 | 863 | 908 | 927 | 996 | 1037 | 1040 | 1036 | 1017 |
| Expenses | 686 | 645 | 764 | 677 | 791 | 820 | 864 | 916 | 945 | 939 | 933 | 897 |
| Operating Profit | 63 | 58 | 73 | 80 | 72 | 88 | 63 | 81 | 92 | 101 | 102 | 120 |
| OPM % | 8 | 8 | 9 | 11 | 8 | 10 | 7 | 8 | 9 | 10 | 10 | 12 |
| Other Income | 23 | 23 | 14 | 15 | 25 | 7 | 40 | 29 | 36 | 30 | 26 | 12 |
| Interest | 10 | 13 | 11 | 13 | 12 | 13 | 12 | 13 | 6 | 6 | 8 | 7 |
| Depreciation | 7 | 8 | 9 | 9 | 12 | 7 | 7 | 8 | 8 | 9 | 9 | 10 |
| Profit before tax | 70 | 61 | 67 | 74 | 72 | 75 | 85 | 89 | 115 | 116 | 111 | 115 |
| Tax % | 8 | 14 | 12 | 17 | 4 | 9 | 15 | 12 | 17 | 20 | 14 | 15 |
| Net Profit | 64 | 53 | 59 | 61 | 69 | 68 | 72 | 78 | 95 | 93 | 96 | 97 |
| EPS in Rs | 9.24 | 7.54 | 8.38 | 8.73 | 9.99 | 9.75 | 10.43 | 10.56 | 12.89 | 12.64 | 13.01 | 13.23 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 |
| --- | --- | --- |
| Sales | 43 | 78 |
| Expenses | 37 | 94 |
| Operating Profit | 7 | -16 |
| OPM % | 15 | -21 |
| Other Income | 3 | 6 |
| Interest | 3 | 9 |
| Depreciation | 1 | 5 |
| Profit before tax | 5 | -23 |
| Tax % | 58 | 0 |
| Net Profit | 2 | -24 |
| EPS in Rs | 1.27 | -9.77 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2008 | Mar 2009 |
| --- | --- | --- |
| Equity Capital | 6 | 11 |
| Reserves | 41 | 17 |
| Borrowings | 54 | 55 |
| Other Liabilities | 68 | 45 |
| Total Liabilities | 169 | 127 |
| Fixed Assets | 73 | 76 |
| CWIP | 5 | 6 |
| Investments | 2 | 0 |
| Other Assets | 90 | 46 |
| Total Assets | 169 | 127 |

### Cash Flow

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

| Item | Mar 2008 | Mar 2009 |
| --- | --- | --- |
| Cash from Operating Activity | -5 | -21 |
| Cash from Investing Activity | 35 | 11 |
| Cash from Financing Activity | 10 | -10 |
| Net Cash Flow | 39 | -20 |
| Free Cash Flow | -13 | -30 |
| CFO/OP | -54 | 80 |

### Ratios

| Item | Mar 2008 | Mar 2009 |
| --- | --- | --- |
| Debtor Days | 249 | 81 |
| Cash Conversion Cycle | 249 | 81 |
| Working Capital Days | -97 | -89 |
| ROCE % | — | -16 |

## 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 | 73.06% | 72.81% | 72.77% | 72.51% | 73% | 73% | 73% | 66.48% | 59.27% | 55.88% |
| FIIs | 4.5% | 0.25% | 0% | 0% | 0% | 1.21% | 3.08% | 11.08% | 14.03% | 15.75% |
| DIIs | 0.28% | 2.23% | 2.02% | 0.63% | 0.25% | 0.15% | 0.25% | 0.43% | 5.44% | 4.71% |
| Public | 22.16% | 24.6% | 24.92% | 25.82% | 24.75% | 23.64% | 21.66% | 20.56% | 19.9% | 22.33% |
| Others | 0% | 0.1% | 0.29% | 1.04% | 2% | 2% | 2% | 1.45% | 1.35% | 1.32% |
| No. of Shareholders | 9008 | 17973 | 17055 | 15891 | 18708 | 43751 | 53190 | 75335 | 126954 | 146728 |

### 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 | 73% | 66.48% | 66.48% | 66.48% | 66.48% | 63.37% | 63.37% | 59.27% | 59.27% | 55.88% | 55.88% | 55.88% |
| FIIs | 3.08% | 9.32% | 9.99% | 10.58% | 11.08% | 13.4% | 14.01% | 14.12% | 14.03% | 15.09% | 14.65% | 15.75% |
| DIIs | 0.25% | 0.39% | 0.42% | 0.43% | 0.43% | 2.61% | 3.21% | 5.41% | 5.44% | 4.41% | 4.87% | 4.71% |
| Public | 21.66% | 21.81% | 21.66% | 21.06% | 20.56% | 19.18% | 17.95% | 19.83% | 19.9% | 23.27% | 23.26% | 22.33% |
| Others | 2% | 1.98% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.35% | 1.35% | 1.33% | 1.33% | 1.32% |
| No. of Shareholders | 53190 | 62916 | 76242 | 81524 | 75335 | 75740 | 97869 | 125894 | 126954 | 150647 | 160487 | 146728 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.58 | Buy |
| EMA (10) | 21.51 | Buy |
| SMA (20) | 21.79 | Buy |
| EMA (20) | 21.81 | Buy |
| SMA (50) | 22.99 | Sell |
| EMA (50) | 22.51 | Sell |
| SMA (100) | 22.81 | Sell |
| EMA (100) | 22.98 | Sell |
| SMA (200) | 23.48 | Sell |
| EMA (200) | 24.24 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.53 | Neutral |
| MACD (12,26,9) | -0.42 | Sell |
| Stochastic (14,3,3) | 32.38 | Neutral |
| ADX (14) | 17.06 | Neutral |
| Williams %R (14) | -36.95 | Neutral |
| ATR (14) | 1.59 | High Volatility |
| ROC (12) | 2.91 | Buy |
| Stoch RSI (14) | 93.31 | Sell |
| UO (7,14,28) | 46.27 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Demise](https://www.bseindia.com/xml-data/corpfiling/AttachLive/26d726cd-de16-4d39-b5ad-0816065eca4b.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachLive/882fae8c-34a8-43e8-86b4-0dde7d106e8b.pdf) |
| 2026-02-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd6f1202-23d4-4bec-840b-113bb7303308.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0bb34432-7877-49d7-82e6-eb103c075df0.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e11e3c6b-219e-4d91-9dfa-21f53df59a42.pdf) |
| 2026-02-25 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16cdd736-91da-4997-a8b7-abe8cd84bc19.pdf) |
| 2026-02-25 | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition](https://www.bseindia.com/xml-data/corpfiling/AttachHis/210d9313-ec5b-482b-a961-aeb217091a53.pdf) |
| 2026-02-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachLive/63130d19-ee01-470b-b9f0-c18abe2c886b.pdf) |
| 2026-02-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/172bdcd7-dd65-4878-80f2-aaf485c7ad2a.pdf) |
| 2026-02-20 | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015-ESG Rating](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0d628b60-0435-47ae-8e45-99eb23c28311.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/596a8159-f78b-4100-bf26-228a8cd9a5dc.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4790f66d-35f8-456d-a6b0-9e308d79cdbe.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/544409b5-d4ff-49e0-92f5-ef72b5190894.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533282/75544533282_19_09_22.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533282/70799533282_30_09_21.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533282/67405533282.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533282/5332820319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533282/5332820318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533282/5332820317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533282/5332820316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad2d6bc4-6d8f-4cb8-bfb4-d0cb1711b19d.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44134e01-9c53-4596-88ee-56740e3c3e3a.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b758726-b5a7-49d1-96b8-903e8dce8635.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/459e67ac-f25d-43cc-a805-f0196e77b5d3.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78df8811-9049-4f58-b26e-25538d8e4405.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5882132-c821-494f-ab51-fb9b039b5f91.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07cbd07b-7f8a-447d-9eef-37e9954cd7f6.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68481b34-7a1f-453f-80c2-fd92a2e25e7e.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a444fbfc-2caa-481d-8efb-03ad2527e1f5.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f70656fd-a511-4c82-bc05-d1bee0e4e892.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-17 | Credit rating update — ICRA |
| 2025-09-16 | Credit rating update — ICRA |
| 2025-03-28 | Credit rating update — ICRA |
| 2024-06-24 | Credit rating update — ICRA |
| 2023-10-05 | Credit rating update — ICRA |
| 2023-07-20 | Credit rating update — ICRA |
| 2023-05-12 | Credit rating update — Brickwork Ratings |

---

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 2026-10-13T11:00:15.950Z.