---
title: "Metal Coatings (India) Ltd (531810) — Share Price, Financials & Analysis"
symbol: "531810"
company: "Metal Coatings (India) Ltd"
canonical: "https://tapetide.com/stocks/531810"
isin: "INE161E01014"
nse_symbol: "METALCOATINGSINDIALTD"
bse_code: "531810"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 36.6
generated_at: "2026-09-13T19:40:04.700Z"
---

# Metal Coatings (India) Ltd (531810)

Canonical page: https://tapetide.com/stocks/531810

## Company

- **NSE Symbol:** METALCOATINGSINDIALTD
- **BSE Code:** 531810
- **ISIN:** INE161E01014
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mcil.net

## About

Incorporated in 1994, Metal Coatings (India) Ltd deals in Cold Rolled Steel Strips, H. R. Pickled & Oiled coils/strips.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:45:41.174912Z.

- **Market Cap:** ₹36.6 Cr
- **Classification:** Microcap
- **P/E (reported):** 14.8
- **EPS (TTM):** ₹3.5
- **EPS (reported):** ₹3.75
- **Book Value:** ₹60.01
- **Price to Book:** 0.86
- **Dividend Yield:** 1.94%
- **ROE:** 5.46%
- **ROCE:** 7.08%
- **Debt to Equity:** 0.09
- **Revenue (yearly):** ₹149.8 Cr
- **Net Income:** ₹2.4 Cr
- **EBITDA:** ₹3.8 Cr
- **52-Week High:** ₹78.9
- **52-Week Low:** ₹44.5
- **RSI (14):** 45.95

## Tapetide Score

- **Score:** 53 / 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: Flat
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.39 | 9% |
| growth | 32.26 | 9% |
| momentum | 50.07 | 12% |
| ownership | 50 | 24% |
| quality | 47.77 | 22% |
| valuation | 64.04 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.83 times its book value
- Company has been maintaining a healthy dividend payout of 20.5%

### Weaknesses

- The company has delivered a poor sales growth of 9.52% over past five years.
- Company has a low return on equity of 5.95% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -120.39% | -141.88% | 79.29% |
| ebitda margin growth | 200% | -32.98% | 13.51% | -17.11% |
| net income growth | 700% | 0% | -5% | -1% |
| revenue growth | 5.45% | -6.96% | -4% | 10% |
| roce | — | -43.76% | -10.27% | 9.55% |
| roe | — | -2.85% | 5.79% | -34.3% |

## 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 | 43.06 | 42.13 | 43.98 | 39.62 | 40.83 | 39.02 | 40.78 | 35.03 | 38.98 | 38.22 | 36.75 | 38.25 |
| Expenses | 42.38 | 41.47 | 42.73 | 38.64 | 39.83 | 37.5 | 38.98 | 34.56 | 38.09 | 37.14 | 36.26 | 37.51 |
| Operating Profit | 0.68 | 0.66 | 1.25 | 0.98 | 1 | 1.52 | 1.8 | 0.47 | 0.89 | 1.08 | 0.49 | 0.74 |
| OPM % | 1.58 | 1.57 | 2.84 | 2.47 | 2.45 | 3.9 | 4.41 | 1.34 | 2.28 | 2.83 | 1.33 | 1.93 |
| Other Income | 0.15 | 0.09 | 0.15 | 0.19 | 0.24 | 0.21 | 0.12 | 0.4 | 0.23 | 0.28 | -0.07 | 0.45 |
| Interest | 0 | 0 | 0.01 | 0 | 0 | 2.34 | 0.03 | 0.01 | 0.01 | 0.01 | -0.02 | 0.01 |
| Depreciation | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 |
| Profit before tax | 0.7 | 0.62 | 1.25 | 1.02 | 1.09 | -0.76 | 1.74 | 0.72 | 0.97 | 1.21 | 0.3 | 1.05 |
| Tax % | 22.86 | 19.35 | 23.2 | 25.49 | 25.69 | -30.26 | 23.56 | 15.28 | 26.8 | 20.66 | 56.67 | 26.67 |
| Net Profit | 0.54 | 0.5 | 0.95 | 0.76 | 0.81 | -0.53 | 1.33 | 0.61 | 0.7 | 0.96 | 0.13 | 0.77 |
| EPS in Rs | 0.74 | 0.68 | 1.3 | 1.04 | 1.11 | -0.72 | 1.82 | 0.83 | 0.96 | 1.31 | 0.18 | 1.05 |

### 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 | 110 | 154 | 120 | 94 | 142 | 170 | 168 | 159 | 148 | 152 |
| Expenses | 107 | 150 | 116 | 91 | 139 | 166 | 164 | 154 | 145 | 149 |
| Operating Profit | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 3 | 3 |
| OPM % | 3.6 | 2.8 | 3.1 | 3.4 | 2.2 | 2.2 | 1.9 | 3.3 | 2 | 2.1 |
| Other Income | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 4 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 4 |
| Tax % | 37 | 25 | 26 | 25 | 25 | 24 | 22 | 23 | 24 | — |
| Net Profit | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 |
| EPS in Rs | 2.72 | 4.19 | 3.89 | 3.51 | 3.85 | 3.77 | 3.41 | 3.23 | 3.28 | 3.5 |
| Dividend Payout % | 37 | 12 | 0 | 0 | 0 | 0 | 0 | 31 | 31 | — |

### 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 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 17 | 18 | 19 | 22 | 24 | 27 | 30 | 32 | 35 | 37 |
| Borrowings | 11 | 10 | 8 | 4 | 10 | 10 | 0 | 2 | 2 | 4 |
| Other Liabilities | 5 | 5 | 6 | 5 | 5 | 6 | 6 | 6 | 9 | 9 |
| Total Liabilities | 40 | 39 | 40 | 38 | 46 | 49 | 43 | 48 | 53 | 56 |
| Fixed Assets | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 5 | 8 | 9 |
| Other Assets | 32 | 33 | 35 | 31 | 41 | 45 | 38 | 37 | 39 | 42 |
| Total Assets | 40 | 39 | 40 | 38 | 46 | 49 | 43 | 48 | 53 | 56 |

### 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 | 1 | 3 | 8 | -5 | -6 | 11 | 3 | 6 | -1 |
| Cash from Investing Activity | 3 | 0 | 0 | -2 | 2 | 0 | -1 | -5 | -3 | 0 |
| Cash from Financing Activity | -7 | -2 | -3 | -4 | 6 | 0 | -10 | 2 | -3 | 1 |
| Net Cash Flow | 0 | 0 | 0 | 2 | 3 | -5 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 4 | 2 | 3 | 8 | -5 | -6 | 10 | 2 | 5 | -1 |
| CFO/OP | 111 | 67 | 84 | 251 | -109 | -150 | 332 | 113 | 127 | -8 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 84 | 80 | 65 | 74 | 98 | 71 | 60 | 62 | 51 | 72 |
| Inventory Days | 38 | 31 | 16 | 11 | 37 | 33 | 16 | 16 | 24 | 32 |
| Days Payable | 2 | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 4 | 3 |
| Cash Conversion Cycle | 120 | 111 | 79 | 84 | 135 | 103 | 76 | 78 | 70 | 100 |
| Working Capital Days | 66 | 64 | 52 | 64 | 86 | 79 | 69 | 62 | 64 | 72 |
| ROCE % | 12 | 10 | 13 | 12 | 9 | 9 | 9 | 8 | 13 | 7 |

## 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 | 70.36% | 70.35% | 70.43% | 70.43% | 70.43% | 70.43% | 70.48% | 70.52% | 70.73% | 70.88% | 70.94% | 70.94% |
| FIIs | 0% | 0% | 0% | 0.46% | 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 | 14.28% | 14.73% | 14.92% | 14.62% | 15.54% | 15.18% | 15.3% | 15.26% | 15.09% | 14.85% | 14.86% | 16.14% |
| Others | 15.36% | 14.93% | 14.65% | 14.48% | 14.02% | 14.39% | 14.23% | 14.22% | 14.18% | 14.27% | 14.2% | 12.92% |
| No. of Shareholders | 1733 | 2121 | 2126 | 2247 | 2380 | 2392 | 2400 | 2413 | 2491 | 2477 | 2551 | 2548 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 52.4 | Sell |
| EMA (10) | 52.11 | Sell |
| SMA (20) | 52.83 | Sell |
| EMA (20) | 52.49 | Sell |
| SMA (50) | 52.18 | Sell |
| EMA (50) | 52.96 | Sell |
| SMA (100) | 54.72 | Sell |
| EMA (100) | 54.39 | Sell |
| SMA (200) | 58.2 | Sell |
| EMA (200) | 57.83 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.55 | Neutral |
| MACD (12,26,9) | -0.35 | Sell |
| Stochastic (14,3,3) | 23.29 | Neutral |
| ADX (14) | 15.74 | Neutral |
| Williams %R (14) | -92.89 | Buy |
| ATR (14) | 3.19 | High Volatility |
| ROC (12) | -6.06 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 51.14 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-21 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1dabcd8-f84e-4b36-b5db-d8a172e18002.pdf) |
| 2026-08-20 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c3d1515-6ab0-40b1-9de9-2b4b6080d833.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Meeting Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c20c781-48e9-4341-8431-84186a1f148d.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abd87021-4f9f-4978-996d-60ae21770e12.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb939ca8-584c-43c4-a38d-3f91fdb62c14.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome For Board Meeting Held On 13Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdbd4e0a-8b14-4a88-82d4-5126e80dce9c.pdf) |
| 2026-08-07 | [Board Meeting Intimation for Approval Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2026 Along With Limited Review Report Thereon.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0ebdd67-f57b-489a-b6c4-d4bd90cb9be0.pdf) |
| 2026-08-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=183f50ce-5656-4556-ad40-ccc5e06ff833.pdf) |
| 2026-07-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=391b7dcd-d8f3-4a55-8b60-1c190f68fb72.pdf) |
| 2026-07-25 | [Letter Sent To Members](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec4b70a9-7c3e-42bd-a3d2-83d7f77c2e39.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Results -Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75399db4-eb20-49e5-aa10-6557815a9f24.pdf) |
| 2026-05-27 | [Results -Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=987ed6b5-75aa-4b53-a460-126692acf9e0.pdf) |
| 2026-02-13 | [Results -Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3de3c4dc-0f7b-4cd5-96fa-234e777a7b99.pdf) |
| 2025-11-14 | [Results - Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e034479e-89ab-4d05-aced-91e79c001a6a.pdf) |
| 2025-08-07 | [Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3be13e84-58c3-4f52-9589-fcea26c39fe1.pdf) |
| 2025-05-26 | [Audited Financial Results For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fb19cef-11d3-4f53-811a-5df2e9419a27.pdf) |
| 2025-02-14 | [Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e72717a3-41a1-452e-aa4a-9af48d2d8fd7.pdf) |
| 2024-11-12 | [Results - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e526754f-15f0-41c5-bb50-2e6d02fbf30f.pdf) |
| 2024-08-10 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19822d25-f1ef-4e4f-9ffb-96d2bb47e225.pdf) |
| 2024-05-29 | [Audited Financial Resuls For The Quarter And Financial Year March, 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65cb9841-0d52-4ea9-9d91-d7a983ec6624.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 March 2026 - Kalana Ispat EGM on 27 March 2026 at 12:30 PM IST via VC/OAVM; notice published 07 March. | [Copy of Newspaper Publication 7 March 2026 - Kalana Ispat EGM on 27 March 2026 at 12:30 PM IST via VC/OAVM; notice published 07 March.](https://nsearchives.nseindia.com/corporate/KALANA_07032026150213_Newspaper_Publication_Kalana_Signed.pdf) |
| 7 Feb - Board meeting Feb 13, 2026 to approve unaudited results for quarter and nine months ended Dec 31, 2025. | [Board Meeting Intimation for Approving The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2025, Under Regulation 29 Of The SEBI (LODR) Regulations, 2015. 7 Feb - Board meeting Feb 13, 2026 to approve unaudited results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92a65a31-77e4-452a-9464-c35a45314002.pdf) |
| 6 January 2026 - RTA confirms no physical share certificates for dematerialization; compliance certificate for quarter ended 31 December 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - RTA confirms no physical share certificates for dematerialization; compliance certificate for quarter ended 31 December 2025.](https://nsearchives.nseindia.com/corporate/KALANA_06012026181653_Signed_Certificate_74_5__December_2025__1_.pdf) |
| 6 January 2026 - Kalana Ispat exempted from corporate governance provisions; no report required for quarter ending 31.12.2025. | [Updates 6 January 2026 - Kalana Ispat exempted from corporate governance provisions; no report required for quarter ending 31.12.2025.](https://nsearchives.nseindia.com/corporate/KALANA_06012026181141_Signed_Non_Applicability_of_CG.pdf) |
| 6 Feb - Copies of Newspaper Advertisements published in the columns of English Daily "Financial Express" and Hindi Daily "Jansatta" on Friday, 06th February, 2026, regarding the Re-opening … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Copies of Newspaper Advertisements published in the columns of English Daily "Financial Express" and Hindi Daily "Jansatta" on Friday, 06th February, 2026, regarding the Re-opening …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19b9a5d6-ef67-4158-8c8d-33734f99eb1e.pdf) |
| 6 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e8f05ea-cbfa-4c29-8be4-03a7774a48e6.pdf) |
| 5 March 2026 - EGM on 27-Mar-2026: approve preferential issue of 45 lakh warrants (₹10.12 crore) to promoters; raise borrowing limit to ₹100 crore. | [Shareholders meeting 5 March 2026 - EGM on 27-Mar-2026: approve preferential issue of 45 lakh warrants (₹10.12 crore) to promoters; raise borrowing limit to ₹100 crore.](https://nsearchives.nseindia.com/corporate/KALANA_05032026190037_Dispatch_of_Notice_Kalana_Signed.pdf) |
| 27 February 2026 - Board approved 4,500,000 warrants (Rs10.125 crore) to promoters; borrowings cap proposal to Rs100 crore. | [Outcome of Board Meeting 27 February 2026 - Board approved 4,500,000 warrants (Rs10.125 crore) to promoters; borrowings cap proposal to Rs100 crore.](https://nsearchives.nseindia.com/corporate/KALANA_27022026182053_Signed_NewOutcome_of_Board_Meeting.pdf) |
| 24 Mar - Board promoted Yash Khandelwal to Chief Growth Officer effective March 24, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 24 Mar - Board promoted Yash Khandelwal to Chief Growth Officer effective March 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf3dda3f-863f-4905-a2f4-0124096e8642.pdf) |
| 23 November 2025 - UGVCL/GERC granted final charging permission for Kalana Ispat's 1.25MW (AC) solar plant, approved 21-Nov-2025. | [General Updates 23 November 2025 - UGVCL/GERC granted final charging permission for Kalana Ispat's 1.25MW (AC) solar plant, approved 21-Nov-2025.](https://nsearchives.nseindia.com/corporate/KALANA_23112025194439_Signed_Approval_Letter.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28073_KALANA_2024_2025_A_2046379_01092025184632.pdf) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56c87c20-cd13-49ac-bd78-1046b5024aa0.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c655a942-eb2e-49ee-85e1-0d6fc6c91131.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2d9a57c-075a-4d8c-a343-667adba332d8.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c876270-258d-47d1-adc5-8e1a65f13d9e.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531810/73882531810_27_07_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531810/69580531810.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531810/66318531810.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531810/5318100319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531810/5318100318.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 2026-09-13T19:40:04.700Z.