---
title: "Visagar Financial Services Ltd (531025) — Share Price, Financials & Analysis"
symbol: "531025"
company: "Visagar Financial Services Ltd"
canonical: "https://tapetide.com/stocks/531025"
isin: "INE309H01038"
nse_symbol: "VISAGARFINANCIALSERVICELTD"
bse_code: "531025"
sector: "Financial Services"
industry: "Other Financial Services"
market_cap_cr: 17.52
generated_at: "2026-09-13T20:38:47.557Z"
---

# Visagar Financial Services Ltd (531025)

Canonical page: https://tapetide.com/stocks/531025

## Company

- **NSE Symbol:** VISAGARFINANCIALSERVICELTD
- **BSE Code:** 531025
- **ISIN:** INE309H01038
- **Sector:** Financial Services
- **Industry:** Other Financial Services
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2007-05-17
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** vfsl.org

## About

Incorporated in 1994, Visagar Financial Services Ltd provides financial and investment services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:47:54.361397Z.

- **Market Cap:** ₹17.52 Cr
- **Classification:** Microcap
- **P/E (reported):** 31
- **EPS (TTM):** ₹0
- **EPS (reported):** ₹0
- **Book Value:** ₹1.03
- **Price to Book:** 0.3
- **Dividend Yield:** 0%
- **ROE:** -0.27%
- **ROCE:** 2.77%
- **Debt to Equity:** 0.51
- **Revenue (yearly):** ₹9.93 Cr
- **Net Income:** ₹-0.35 Cr
- **EBITDA:** ₹1.12 Cr
- **52-Week High:** ₹0.51
- **52-Week Low:** ₹0.25
- **RSI (14):** 50.31

## Tapetide Score

- **Score:** 43 / 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: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 94%
- **Data coverage:** 88%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 18.35 | 9% |
| growth | 8.25 | 9% |
| momentum | 1.1 | 12% |
| ownership | 50 | 24% |
| quality | 47.61 | 22% |
| valuation | 76.07 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.30 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -31.6% over past five years.
- Promoter holding is low: 5.95%
- Company has a low return on equity of -0.92% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 42.5 to 116 days.
- Working capital days have increased from 94.2 days to 239 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 101.05% | 100.5% | 775% |
| ebitda margin growth | -100% | 711.51% | — | 662.16% |
| net income growth | 90% | 75% | -70.83% | -1% |
| revenue growth | -60.71% | -92.34% | -42% | -32% |
| roce | — | -248.13% | -5.46% | 0.59% |
| roe | — | -85.56% | -0.02% | -90.91% |

## 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 | 64.79 | 69.85 | 140.36 | 30.57 | 75.94 | 11.45 | 11.6 | 2.55 | 1.66 | 2.98 | 2.75 | 1.12 |
| Expenses | 61.87 | 70.32 | 144.11 | 33.13 | 72.06 | 10.44 | 12.14 | 3.58 | 1.42 | 1.47 | 2.36 | 1.16 |
| Operating Profit | 2.92 | -0.47 | -3.75 | -2.56 | 3.88 | 1.01 | -0.54 | -1.03 | 0.24 | 1.51 | 0.39 | -0.04 |
| OPM % | 4.51 | -0.67 | -2.67 | -8.37 | 5.11 | 8.82 | -4.66 | -40.39 | 14.46 | 50.67 | 14.18 | -3.57 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0.25 | 0 | 0 | 0 | 0.06 | 1.78 | 0 | 0 | 0.05 | 1.33 | 0 |
| Depreciation | 0.02 | 0.02 | 0.07 | 0.02 | 0.02 | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 2.9 | -0.74 | -3.82 | -2.58 | 3.86 | 0.9 | -2.35 | -1.05 | 0.22 | 1.44 | -0.96 | -0.06 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 2.9 | -0.74 | -3.82 | -2.58 | 3.86 | 0.91 | -2.34 | -1.05 | 0.22 | 1.44 | -0.96 | -0.06 |
| EPS in Rs | 0.05 | -0.01 | -0.07 | -0.04 | 0.07 | 0.02 | -0.04 | -0.02 | 0 | 0.02 | -0.02 | 0 |

### 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 | 5.33 | 1.06 | 1.52 | 66.58 | 16.82 | 51.8 | 334.21 | 129.57 | 9.93 | 8.51 |
| Expenses | 5.29 | 1.01 | 1.8 | 66.93 | 16.57 | 49.85 | 334.13 | 127.77 | 8.8 | 6.41 |
| Operating Profit | 0.04 | 0.05 | -0.28 | -0.35 | 0.25 | 1.95 | 0.08 | 1.8 | 1.13 | 2.1 |
| OPM % | 0.75 | 4.72 | -18.42 | -0.53 | 1.49 | 3.76 | 0.02 | 1.39 | 11.38 | 24.68 |
| Other Income | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0.01 | 0.14 | 1.13 | 1.84 | 1.39 | 1.38 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 | 0.12 | 0.09 | 0.08 |
| Profit before tax | 0.04 | 0.06 | -0.28 | -0.35 | 0.24 | 1.81 | -1.16 | -0.16 | -0.35 | 0.64 |
| Tax % | 25 | 33.33 | 0 | 0 | 0 | 29.83 | 0 | 0 | 2.86 | — |
| Net Profit | 0.03 | 0.04 | -0.28 | -0.35 | 0.24 | 1.28 | -1.16 | -0.16 | -0.36 | 0.64 |
| EPS in Rs | 0 | 0 | 0 | -0.01 | 0 | 0.02 | -0.02 | 0 | -0.01 | 0 |
| 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 | 6.5 | 6.5 | 6.5 | 6.5 | 6.5 | 9.75 | 58.39 | 58.39 | 58.39 | 58.39 |
| Reserves | 5.76 | 5.79 | 5.84 | 5.55 | 5.21 | 2.19 | 3.47 | 2.31 | 2.15 | 1.79 |
| Borrowings | 4.81 | 5.03 | 3.68 | 1.37 | 2.3 | 1.62 | 14.94 | 42.29 | 43.84 | 30.79 |
| Other Liabilities | 0.29 | 0.05 | 0.09 | 0.12 | 0.11 | 0.04 | 0.79 | 1.45 | -0.01 | -0.01 |
| Total Liabilities | 17.36 | 17.37 | 16.11 | 13.54 | 14.12 | 13.6 | 77.59 | 104.44 | 104.37 | 90.96 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.42 | 0.3 | 0.22 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 8.73 | 7.35 | 5.28 | 5.27 | 4.73 | 4.55 | 11.25 | 25.75 | 25.95 | 17.65 |
| Other Assets | 8.63 | 10.02 | 10.83 | 8.27 | 9.39 | 9.05 | 66.34 | 78.27 | 78.12 | 73.09 |
| Total Assets | 17.36 | 17.37 | 16.11 | 13.54 | 14.12 | 13.6 | 77.59 | 104.44 | 104.37 | 90.96 |

### 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 | 4.72 | 0.14 | -0.17 | 0.02 | -0.04 | -0.12 | -54.11 | -25.83 | 0.27 | 12.58 |
| Cash from Investing Activity | -4.53 | 0 | 0 | 0 | 0 | 0.18 | -6.7 | -0.53 | 0 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 61.96 | 27.35 | -1.84 | -13.05 |
| Net Cash Flow | 0.2 | 0.14 | -0.17 | 0.02 | -0.04 | 0.06 | 1.14 | 0.99 | -1.57 | -0.48 |
| Free Cash Flow | 0.19 | 0.14 | -0.17 | 0.02 | -0.04 | -0.12 | -60.81 | -26.36 | 0.27 | 12.58 |
| CFO/OP | 3933 | 375 | -300 | -7 | 11 | -40 | -2775 | -32288 | 15 | 1113 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0.68 | 0 | 0 | 0.05 | 3.26 | 1.41 | 1.98 | 9.44 | 116.15 |
| Inventory Days | 112.55 | 152.08 | 1029.49 | 465.31 | 10.78 | 50.13 | 118.44 | 14.5 | 16.18 | 130.78 |
| Days Payable | 8.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.12 | 4.16 |
| Cash Conversion Cycle | 104.03 | 152.77 | 1029.49 | 465.31 | 10.84 | 53.38 | 119.85 | 16.48 | 25.5 | 242.77 |
| Working Capital Days | -65.73 | -200.65 | -526.84 | 60.03 | 10.58 | 55.12 | 114.15 | 15.61 | 27.72 | 239.29 |
| ROCE % | 0.73 | 0.23 | 0.36 | -1.9 | -2.55 | 1.81 | 4.32 | -0.03 | 1.62 | 1.06 |

## 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 | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 88.27% | 89.24% | 88.5% | 88.27% | 88.15% | 88.86% | 89.17% | 89.37% | 89.58% | 89.51% | 89.62% | 89.62% |
| Others | 5.78% | 4.77% | 5.51% | 5.74% | 5.85% | 5.15% | 4.84% | 4.64% | 4.43% | 4.5% | 4.39% | 4.39% |
| No. of Shareholders | 103915 | 124688 | 161691 | 186412 | 199567 | 209394 | 208820 | 205710 | 201851 | 197774 | 193874 | 193874 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.3 | Buy |
| EMA (10) | 0.31 | Sell |
| SMA (20) | 0.31 | Sell |
| EMA (20) | 0.31 | Sell |
| SMA (50) | 0.32 | Sell |
| EMA (50) | 0.8 | Sell |
| SMA (100) | 1.1 | Sell |
| EMA (100) | 4.57 | Sell |
| SMA (200) | 18.18 | Sell |
| EMA (200) | 11.73 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.04 | Neutral |
| MACD (12,26,9) | -0.01 | Buy |
| Stochastic (14,3,3) | 61.11 | Neutral |
| ADX (14) | 6.72 | Neutral |
| Williams %R (14) | -33.33 | Neutral |
| ATR (14) | 0.02 | High Volatility |
| ROC (12) | 3.33 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 60.52 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 5 Feb - Board meeting on 12 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Consider And Approve The Unaudited Financial Result For The Quarter Ended December 31, 2025 5 Feb - Board meeting on 12 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46c2de4d-c410-4d19-a071-e610b44af325.pdf) |
| 25 Feb - Typo correction: intimation date corrected to 23 February 2026 from 23 January 2026. | [Typographical Error In Earlier Intimation Dated January 23, 2026 25 Feb - Typo correction: intimation date corrected to 23 February 2026 from 23 January 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80f62ad4-733e-4950-8eb5-02ed92e761a8.pdf) |
| 23 Feb - Read with Para A of Part A of Schedule III of the SEBI Listing Regulations, as amended, please find enclosed herewith the extract of the … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Feb - Read with Para A of Part A of Schedule III of the SEBI Listing Regulations, as amended, please find enclosed herewith the extract of the …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be0c3d2d-7029-4f12-9749-1b4817fc3dca.pdf) |
| 23 Feb - HFCL to shift registered office from Himachal Pradesh to Haryana; creditor notice dated Feb 23, 2026, objections within 14 days. | [Disclosures Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 (The 'SEBI Listing Regulations'). 23 Feb - HFCL to shift registered office from Himachal Pradesh to Haryana; creditor notice dated Feb 23, 2026, objections within 14 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22dfd1c8-bb72-429a-bfa1-95c9618a5c2a.pdf) |
| 2 Mar - The management of the Company will be participating in the event titled Data Centre Day organised by JM Financial on Monday, March 09, 2026 in … | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Mar - The management of the Company will be participating in the event titled Data Centre Day organised by JM Financial on Monday, March 09, 2026 in …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca2743ee-b78f-4fa8-80d6-f13190e882b6.pdf) |
| 2 Mar - HFCL to meet investors at JM Financial Data Centre Day Mar 9, 2026; virtual Bharat Connect Conference Mar 11, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Mar - HFCL to meet investors at JM Financial Data Centre Day Mar 9, 2026; virtual Bharat Connect Conference Mar 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0acda6e-d1cc-4e9d-9fad-e6272d4be195.pdf) |
| 17 Feb - HFCL issued Rs.50 Crore corporate guarantees for HTL (Rs.40Cr term loan, Rs.10Cr WC) on Feb 17, 2026. | [Issuance Of Corporate Guarantee(S) On Behalf Of HTL Limited, A Subsidiary Of The Company ('HTL') 17 Feb - HFCL issued Rs.50 Crore corporate guarantees for HTL (Rs.40Cr term loan, Rs.10Cr WC) on Feb 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0695daa-72d2-496a-8471-deafe246cad3.pdf) |
| 16 Feb - HFCL and subsidiary HTL secured ~INR 60.95 crore OFC supply orders from private telecom operator; execution by May 2026, checklist: - Review announcement details - … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Feb - HFCL and subsidiary HTL secured ~INR 60.95 crore OFC supply orders from private telecom operator; execution by May 2026, checklist: - Review announcement details - …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6fccd502-bebc-4526-a6b7-e180b18550ef.pdf) |
| 15 Feb - Export order ~USD 4.67M (~INR 42.34 Cr) for optical fiber cables, execution by May 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 15 Feb - Export order ~USD 4.67M (~INR 42.34 Cr) for optical fiber cables, execution by May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4eb5afb4-afaa-4a2b-b317-b4590ceb555f.pdf) |
| 13 Feb - Newspaper Publication for unaudited financial result for the quarter and nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Newspaper Publication for unaudited financial result for the quarter and nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1320d6d6-5742-47f3-8698-4cebcadf8626.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b00e2d3-aae0-4432-8800-d74ab03526bd.pdf) |
| 2026-09-08 | [Notice Of Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f291467c-15ca-405a-abd6-5592ce6bc497.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a085861c-09f3-431f-96a9-ebd23575c054.pdf) |
| 2026-09-08 | [Intimation Of Book Closure For Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0f0e9d2-a613-4a2e-ade3-980d92395289.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b96c083-d96a-41cf-b146-48375d92ce80.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a10ce027-c24d-4794-a5f8-b85156a087aa.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18e0ba2d-fb95-483a-9a82-ce80c3194de7.pdf) |
| 2026-08-04 | [Board Meeting Intimation for Consider And Approve: 1. Unaudited Financial Results Of The Company For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cdc9b68-d25a-4c8c-a98c-40bf4dbf092f.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db941ef1-0fe5-44cc-b503-b5c314a2ede3.pdf) |
| 2026-06-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fb765ad-de5c-4970-aa7f-a5d0d6e19e82.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Financial Result For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bffd2f09-0220-43c8-91b9-9be57b90626e.pdf) |
| 2026-05-30 | [Audited Financial Result For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=858e1224-2b62-4a69-8464-30a2835b8bad.pdf) |
| 2026-02-12 | [Outcome Of Board Meeting Held On Thursday 12Th February 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3bd040c-5a8a-4437-b48c-477a1b58e123.pdf) |
| 2025-11-14 | [Unaudited Financial Result For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8baa6ef-10a5-403a-be6e-f4b9ccb5205a.pdf) |
| 2025-08-14 | [Unaudited Financial Result For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61e6d6c0-9f46-48cd-b877-d5ad6f4c484d.pdf) |
| 2025-06-30 | [Declaration On Auditors Opinion](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11ea8c91-6ed0-4231-b64f-ef7c302e28b8.pdf) |
| 2025-05-30 | [Audited Financial Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92367cc7-ab38-418c-8aec-1136c4742d9e.pdf) |
| 2025-02-13 | [Unaudited Financial Result For The Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4133385-c8a3-4ee4-a513-ff1cbb855001.pdf) |
| 2024-11-14 | [UN-AUDITED RESULTS FOR QUARTER ENDED 30TH SEPTEMBER 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b3bf4ed-d064-4497-a27a-bdbb1404ca6c.pdf) |
| 2024-08-13 | [Adoption Of Unaudited Financial Results For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f271dadb-90d4-427c-b719-3cf24c5bf2e2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f05c17e-2d03-4e56-84c3-6edc036ac0b8.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45a6fa81-372f-4ebd-8a07-41a9a30d53c8.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a910d3b-f399-46af-a677-26524b3aeabe.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3490011-ef86-4d70-ba78-da150feda365.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d415159f-ff9a-40d5-9ce0-7e04b915324e.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/605e73db-074d-4863-853f-7e50e6c3bd24.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f1858e3-4145-4ec8-a283-0f5d3aa934d8.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b086f4c-83e1-435c-a2d7-c637a4fd06aa.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0d58ed9-027e-4867-a884-b27279d4d247.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d133cca6-1507-4745-9946-bc7373b6f630.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1413_HFCL_2012_2013_03092013123353.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_HFCL_2011_2012_25022013102025.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3ed9541-a5d3-409c-b786-1abfea32b06d.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1eabf9d6-11d4-4f24-a73a-3a578845ceeb.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b01243a0-25e5-4474-9c34-b0b0ec7eb6d6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b95ebe38-cd12-4c36-af22-e85c8fa3e5cc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36d23c16-ee05-4f0e-82b4-b53059896f10.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9b0159e-2029-4eae-9a0a-fffc157181de.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500183/76776500183.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531025/76695531025.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 2026-09-13T20:38:47.557Z.