---
title: "Fusion Fittings (I) Ltd (531760) — Share Price, Financials & Analysis"
symbol: "531760"
company: "Fusion Fittings (I) Ltd"
canonical: "https://tapetide.com/stocks/531760"
isin: "INE284L01019"
bse_code: "531760"
generated_at: "2026-10-13T11:00:46.532Z"
---

# Fusion Fittings (I) Ltd (531760)

Canonical page: https://tapetide.com/stocks/531760

## Company

- **BSE Code:** 531760
- **ISIN:** INE284L01019
- **Stock Type:** EQUITY
- **Listed Since:** 2010-08-02
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** fusionfittings.com

## About

Fusion Fittings provides engineering services for electrical tower erection, laying of electrical lines, and related works.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.62 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 11.4%

### Weaknesses

- Company has a low return on equity of 11.4% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 50% | -53% | -22% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.06 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 3.37 | 0.02 | 0.01 |
| Operating Profit | -0.06 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -3.37 | -0.02 | -0.01 |
| Other Income | 0.06 | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 | -3.3 | 0.06 | 0.07 |
| Tax % | — | 0 | 40 | 16.67 | 20 | 20 | 0 | 0 | 0 |
| Net Profit | 0 | 0.04 | 0.03 | 0.05 | 0.04 | 0.04 | -3.3 | 0.06 | 0.07 |
| EPS in Rs | 0 | 0.14 | 0.1 | 0.17 | 0.14 | 0.14 | -11.24 | 0.2 | 0.24 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0.01 | 0.9 | 1.68 | 1.66 | 0.5 | 0 | 0 | 0 |
| Expenses | 0.13 | 0.08 | 2.05 | 0.09 | 0.27 | 0.45 | 0.28 | 0.26 | 0.06 | 0.05 |
| Operating Profit | -0.13 | -0.08 | -2.04 | 0.81 | 1.41 | 1.21 | 0.22 | -0.26 | -0.06 | -0.05 |
| OPM % | — | — | -20400 | 90 | 83.93 | 72.89 | 44 | — | — | — |
| Other Income | 3.21 | 2.96 | 3.5 | 0.11 | 0.14 | 2.35 | 2.28 | 2.42 | 0.26 | -3.07 |
| Interest | 0.98 | 0.81 | 0 | 0.11 | 0.09 | 0 | 0.05 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2.1 | 2.07 | 1.46 | 0.81 | 1.46 | 3.56 | 2.45 | 2.16 | 0.2 | -3.12 |
| Tax % | 0 | 0 | 12.33 | -35.8 | 42.47 | 7.02 | 2.86 | 0 | 20 | 0 |
| Net Profit | 2.1 | 2.07 | 1.28 | 1.1 | 0.84 | 3.31 | 2.37 | 2.16 | 0.16 | -3.12 |
| EPS in Rs | — | — | — | — | 2.86 | 11.27 | 8.07 | 7.36 | 0.54 | -10.63 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.11 | 4.11 | 4.11 | 4.11 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Reserves | -8.95 | -6.88 | -5.6 | -4.5 | 0.16 | 3.47 | 5.84 | 8 | 8.16 | 5.04 |
| Borrowings | 5.9 | 2.75 | 1.74 | 1.29 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.64 | 1.75 | 0.41 | 0.18 | 0.11 | 0.17 | 0.03 | 0.03 | 0.04 | 0.06 |
| Total Liabilities | 1.7 | 1.73 | 0.66 | 1.08 | 0.57 | 3.93 | 6.16 | 8.32 | 8.49 | 5.39 |
| Fixed Assets | 1.45 | 1.51 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.5 | 0.5 | 0.5 | 0.5 | 5.35 | 5.52 | 5.52 | 1.02 |
| Other Assets | 0.25 | 0.22 | 0.16 | 0.58 | 0.06 | 3.42 | 0.81 | 2.8 | 2.97 | 4.37 |
| Total Assets | 1.7 | 1.73 | 0.66 | 1.08 | 0.57 | 3.93 | 6.16 | 8.32 | 8.49 | 5.39 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.23 | 0.91 | -1.43 | 0.46 | 1.14 | 0.73 | -0.41 | -0.18 | -0.07 | -0.07 |
| Cash from Investing Activity | 0 | -0.05 | 1.85 | 0.01 | 0.06 | 2.35 | -2.57 | 2.11 | 0.02 | 0.41 |
| Cash from Financing Activity | -0.23 | -0.86 | -0.31 | -0.57 | -1.25 | -3.01 | 3.03 | -2 | 0 | -0.34 |
| Net Cash Flow | 0 | 0 | 0.11 | -0.1 | -0.05 | 0.07 | 0.05 | -0.07 | -0.05 | 0 |
| Free Cash Flow | 0.23 | 0.86 | 0.42 | 0.46 | 1.13 | 0.73 | -0.41 | -0.18 | -0.07 | -0.07 |
| CFO/OP | -177 | -1138 | 70 | 93 | 96 | 74 | -86 | 65 | 83 | 80 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 0 | 12.17 | 0 | 57.17 | 467.2 | — | — | — |
| Inventory Days | — | — | 0 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | — | — | 0 | 12.17 | 0 | 57.17 | 467.2 | — | — | — |
| Working Capital Days | — | — | -14965 | -16.22 | -13.04 | 697.02 | 467.2 | — | — | — |
| ROCE % | — | 553.85 | 530.43 | 160 | 227.94 | 168.72 | 50.56 | 29.96 | 2.39 | 3.48 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.54% | 68.45% | 72.58% | 74.96% | 74.96% | 74.96% | 74.78% | 74.77% | 74.77% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.47% | 0.01% | 0.53% | 0.31% |
| DIIs | 0.09% | 0.08% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Government | 0% | 0% | 0.45% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 31.37% | 31.48% | 26.94% | 25.02% | 25.02% | 24.55% | 25.2% | 24.69% | 24.89% |
| No. of Shareholders | 18696 | 18651 | 17425 | 16658 | 18696 | 24249 | 23544 | 20005 | 19835 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.96% | 74.96% | 74.96% | 74.78% | 74.77% | 74.77% | 74.78% | 74.77% | 74.77% | 74.77% | 74.77% | 74.77% |
| FIIs | 0.01% | 0.16% | 0.47% | 0.36% | 0.01% | 0% | 0.01% | 0% | 0.08% | 0.14% | 0.53% | 0.31% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.04% | 0.02% | 0.02% | 0.02% |
| Public | 25.01% | 24.87% | 24.55% | 24.85% | 25.19% | 25.2% | 25.2% | 25.2% | 25.11% | 25.07% | 24.69% | 24.89% |
| No. of Shareholders | 22597 | 21593 | 24249 | 24726 | 24279 | 23828 | 23544 | 23310 | 21681 | 21609 | 20005 | 19835 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2015-10-13 | [Shareholding Pattern for December 31, 2014](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31DCD17C_6807_48D2_9823_39E50CDF336E_133832.pdf) |
| 2015-10-13 | [Shareholding Pattern For March 31, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=794664D4_6C85_43BD_B5DD_4BA5238B5BB2_134020.pdf) |
| 2015-10-13 | [Shareholding Pattern for December 31, 2014](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/31DCD17C_6807_48D2_9823_39E50CDF336E_133832.pdf) |
| 2015-10-13 | [Shareholding Pattern For March 31, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/794664D4_6C85_43BD_B5DD_4BA5238B5BB2_134020.pdf) |
| 2015-10-01 | [Outcome of AGM (Clause 35A)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FFD21B34_D209_49E4_8461_7787ACFD1096_180458.pdf) |
| 2015-10-01 | [Outcome of AGM (Clause 35A)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/FFD21B34_D209_49E4_8461_7787ACFD1096_180458.pdf) |
| 2015-09-09 | [Financial Results for March 31, 2015 (Standalone) (Audited)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B6992FD5_176D_419B_B64A_DD34E9775337_171657.pdf) |
| 2015-09-09 | [Financial Results for March 31, 2015 (Standalone) (Audited)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/9/B6992FD5_176D_419B_B64A_DD34E9775337_171657.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15658d75-d1e7-444a-aea4-74615bc29f10.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed7767a6-4779-4b75-bae1-f6f5b30a9148.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533320/75147533320.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533320/70575533320.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533320/66916533320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200316.pdf) |
| Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/533320/5333200315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | Concall - Nov 2025 |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6c9cf45-7310-489f-a36b-23cebe52579d.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c345921-010b-4c28-842f-3e0c8efe5c13.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a2e2d03-4425-4a58-97d0-a8ee64b7fde5.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4c411e4-a483-4182-8cc0-402e737a8725.pdf) |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/675eff1e-3261-42cf-ad42-675fbdd5fe73.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2017-11-21 | Credit rating update — India Ratings |
| 2016-03-16 | Credit rating update — India Ratings |
| 2015-05-28 | Credit rating update — India 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 2026-10-13T11:00:46.532Z.