---
title: "Minolta Finance Ltd (532164) — Share Price, Financials & Analysis"
symbol: "532164"
company: "Minolta Finance Ltd"
canonical: "https://tapetide.com/stocks/532164"
isin: "INE514C01026"
nse_symbol: "MINOLTAFINANCELTD"
bse_code: "532164"
sector: "Financial Services"
industry: "Finance"
market_cap_cr: 69
generated_at: "2026-09-13T18:58:43.659Z"
---

# Minolta Finance Ltd (532164)

Canonical page: https://tapetide.com/stocks/532164

## Company

- **NSE Symbol:** MINOLTAFINANCELTD
- **BSE Code:** 532164
- **ISIN:** INE514C01026
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** minoltafinance.co.in

## About

Incorporated in 1993, Minolta Finance Ltd is in the business of lending loans, and investment in Capital Market.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:33:36.765145Z.

- **Market Cap:** ₹69 Cr
- **Classification:** Microcap
- **P/E (reported):** -145
- **EPS (TTM):** ₹-0.01
- **Book Value:** ₹1.15
- **Price to Book:** 1.27
- **Dividend Yield:** 0%
- **ROE:** 0.11%
- **ROCE:** 1.3%
- **Debt to Equity:** 2.28
- **Revenue (yearly):** ₹11.96 Cr
- **Net Income:** ₹-1.43 Cr
- **EBITDA:** ₹7.76 Cr
- **52-Week High:** ₹1.54
- **52-Week Low:** ₹1.03

## Key Insights

### Weaknesses

- Stock is trading at 7.41 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 3.59%
- Company has a low return on equity of -4.35% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 92.74% | — |
| ebitda margin growth | -33.33% | 365.4% | 606.98% | 281.58% |
| net income growth | -80.77% | -273% | — | — |
| revenue growth | -9.26% | — | 171% | 106% |
| roce | — | 103.13% | 120.34% | 0.73% |
| roe | — | -77.08% | 0.36% | -75% |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.17 | 0.17 | 0.23 | 0.23 | 0.23 | 0.22 | 0.34 | 2.05 | -0.04 | 4.56 | 5.38 | 4.91 |
| Expenses | 0.16 | 0.16 | 0.2 | 0.22 | 0.22 | 0.19 | 0.25 | 0.41 | 3.96 | 1.31 | -1.2 | 0.53 |
| Financing Profit | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.03 | -0.04 | -0.01 | -6.35 | 1.55 | 2.46 | 0.3 |
| Financing Margin % | 5.88 | 5.88 | 13.04 | 4.35 | 4.35 | 13.64 | -11.76 | -0.49 | 15875 | 33.99 | 45.72 | 6.11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.13 | 1.65 | 2.35 | 1.7 | 4.12 | 4.08 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Profit before tax | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.03 | -0.04 | 0 | -6.35 | 1.55 | 2.45 | 0.3 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | -9.45 | -57.42 | -5.31 | -56.67 |
| Net Profit | 0.01 | 0.01 | 0.04 | 0.01 | 0.01 | 0.03 | -0.04 | 0.15 | -5.75 | 2.44 | 2.58 | 0.47 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.12 | 0.05 | 0.05 | 0.01 |

### 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.4 | 0.58 | 0.65 | 0.32 | 0.39 | 0.6 | 0.76 | 1.02 | 11.96 | 14.81 |
| Expenses | 0.26 | 0.6 | 0.36 | 0.26 | 0.32 | 0.53 | 0.69 | 0.88 | 4.21 | 4.6 |
| Financing Profit | 0.14 | -0.02 | 0.24 | 0.06 | 0.07 | 0.07 | 0.07 | 0.01 | -2.06 | -2.04 |
| Financing Margin % | 35 | -3.45 | 36.92 | 18.75 | 17.95 | 11.67 | 9.21 | 0.98 | -17.22 | -13.77 |
| Other Income | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0.13 | 9.81 | 12.25 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| Profit before tax | 0.25 | -0.02 | 0.24 | 0.06 | 0.07 | 0.07 | 0.07 | 0.01 | -2.06 | -2.05 |
| Tax % | 16 | -750 | 20.83 | 33.33 | 28.57 | 28.57 | 28.57 | 100 | -30.1 | — |
| Net Profit | 0.21 | 0.13 | 0.19 | 0.05 | 0.05 | 0.05 | 0.05 | 0.01 | -1.43 | -0.26 |
| EPS in Rs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.03 | -0.01 |
| 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -0.99 | -0.78 | 0.34 | 0.53 | 0.58 | 0.62 | 0.68 | 0.73 | 0.74 | -0.69 |
| Borrowing | 0 | 0 | 0 | 0.54 | 0.54 | 0.72 | 0.92 | 1.33 | 47.53 | 177.93 |
| Other Liabilities | 0.53 | 0.47 | 0.19 | 0.27 | 0.38 | 1.73 | 1.32 | 0.16 | 0.51 | 3.01 |
| Total Liabilities | 9.54 | 9.69 | 10.53 | 11.34 | 11.5 | 13.07 | 12.92 | 12.22 | 58.78 | 190.25 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.83 | 2.78 | 4.6 | 4.6 | 4.6 | 4.41 | 0.87 | 0.63 | 0.63 | 0.62 |
| Other Assets | 6.71 | 6.91 | 5.93 | 6.74 | 6.9 | 8.66 | 12.05 | 11.59 | 58.15 | 189.56 |
| Total Assets | 9.54 | 9.69 | 10.53 | 11.34 | 11.5 | 13.07 | 12.92 | 12.22 | 58.78 | 190.25 |

### 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 | -0.62 | 0.19 | -0.51 | 0.12 | -0.02 | -0.19 | -3.58 | -0.01 | -0.26 | 10.07 |
| Cash from Investing Activity | 0.7 | 0.2 | 0 | 0 | 0 | 0.19 | 3.54 | 0.26 | 0 | -0.07 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.01 |
| Net Cash Flow | 0.08 | 0.4 | -0.51 | 0.12 | -0.02 | 0 | -0.04 | 0.24 | -0.26 | -0.01 |
| Free Cash Flow | -0.62 | 0.19 | -0.51 | 0.12 | -0.02 | -0.19 | -3.58 | -0.01 | -0.26 | 10 |
| CFO/OP | -1240 | 164 | 2400 | 45 | -33 | -257 | -5086 | 14 | -186 | 139 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 0.44 | 2.3 | 1.33 | 1.82 | 0.47 | 0.47 | 0.47 | 0.47 | 0.09 | -14.26 |

## 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 | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% |
| 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 | 51.05% | 49.88% | 50.13% | 47.16% | 43.54% | 43.38% | 43.76% | 44.89% | 45.78% | 45.81% | 45.81% | 45.84% |
| Others | 45.36% | 46.53% | 46.28% | 49.25% | 52.87% | 53.03% | 52.65% | 51.52% | 50.63% | 50.6% | 50.6% | 50.57% |
| No. of Shareholders | 1973 | 1992 | 1999 | 2060 | 2010 | 2002 | 2011 | 2129 | 2275 | 2406 | 2458 | 2490 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.37 | Buy |
| EMA (10) | 1.38 | Sell |
| SMA (20) | 1.32 | Buy |
| EMA (20) | 1.34 | Buy |
| SMA (50) | 1.33 | Buy |
| EMA (50) | 1.33 | Buy |
| SMA (100) | 1.36 | Buy |
| EMA (100) | 1.34 | Buy |
| SMA (200) | 1.34 | Buy |
| EMA (200) | 1.31 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.2 | Neutral |
| MACD (12,26,9) | 0.04 | Buy |
| Stochastic (14,3,3) | 73.53 | Neutral |
| ADX (14) | 14.69 | Neutral |
| Williams %R (14) | -47.06 | Neutral |
| ATR (14) | 0.09 | High Volatility |
| ROC (12) | 6.98 | Buy |
| Stoch RSI (14) | 32.31 | Neutral |
| UO (7,14,28) | 63.62 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Magnum's open offer for 61,08,93,729 shares (26%) at INR21.33; tender Apr15–Apr28, 2026. | [Draft Letter Of Offer - Open Offer 9h - Magnum's open offer for 61,08,93,729 shares (26%) at INR21.33; tender Apr15–Apr28, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8a1f3a16-77b2-401f-820a-4d55c7e12d26.pdf) |
| 9 Apr - With respect to above, please find enclosed herewith , a copy of certificate received from Niche Technologies Pvt Limited the registrar & Share transfer agent … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - With respect to above, please find enclosed herewith , a copy of certificate received from Niche Technologies Pvt Limited the registrar & Share transfer agent …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4850719-26a3-4958-9704-8245f1474558.pdf) |
| 6h - Unaudited results to 31 Dec 2025: quarter loss Rs178.38cr, period loss Rs261.27cr, exceptional Rs93.70cr; 26% open offer. | [Results For The Quarter Ended 31St December 2025 And For The Period 10Th January 2025 To 31St December 2025 6h - Unaudited results to 31 Dec 2025: quarter loss Rs178.38cr, period loss Rs261.27cr, exceptional Rs93.70cr; 26% open offer.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/97848cf7-459c-4082-ad6a-36e228918b87.pdf) |
| 6h - Board approved unaudited results: quarter ended 31 Dec loss Rs.178.38cr; YTD loss Rs.261.27cr; impairments, listing, Magnum open offer | [Board Meeting Outcome for Outcome Of Board Meeting Held On 6Th March 2026 6h - Board approved unaudited results: quarter ended 31 Dec loss Rs.178.38cr; YTD loss Rs.261.27cr; impairments, listing, Magnum open offer](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc6d5966-fbe2-43fa-9e04-6b12e0435b22.pdf) |
| 6 Feb - Board meeting Feb 13, 2026 to approve Q3 results and increase authorized capital from ₹10.20Cr to ₹70.20Cr and postal ballot notice for approval. | [Board Meeting Intimation for Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding The Board Meeting To Be Held On Friday February 13, 2026. 6 Feb - Board meeting Feb 13, 2026 to approve Q3 results and increase authorized capital from ₹10.20Cr to ₹70.20Cr and postal ballot notice for approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8506339e-6eea-46fe-a959-4cf5311b586e.pdf) |
| 52m - Q3 revenue ₹222cr; EBITDA loss ₹64.2cr; exceptional ₹94cr; demerged, listed Feb 16, 2026; open offer up to 26%. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 52m - Q3 revenue ₹222cr; EBITDA loss ₹64.2cr; exceptional ₹94cr; demerged, listed Feb 16, 2026; open offer up to 26%.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c0bfdfc9-6058-4763-b25d-774870d8502c.pdf) |
| 3h - Acquirer offers INR21.33/share to buy 61,08,93,729 shares (26%); open offer Apr 15–Apr 28, 2026. | [Detailed Public Statement 3h - Acquirer offers INR21.33/share to buy 61,08,93,729 shares (26%); open offer Apr 15–Apr 28, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/DE60F8D5-9A34-4C4D-916B-56E7F976282F-161912.pdf) |
| 30 Apr - Minolta Finance says it is not a Large Corporate; FY2026 outstanding borrowing was Rs 1,77,92,68,622. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Minolta Finance says it is not a Large Corporate; FY2026 outstanding borrowing was Rs 1,77,92,68,622.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7846b84e-821c-491c-8270-d92c3bfeaf98.pdf) |
| 30 Apr - Minolta Finance says it is not a Large Corporate; FY2026 outstanding borrowing was Rs 1,77,92,68,622. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Minolta Finance says it is not a Large Corporate; FY2026 outstanding borrowing was Rs 1,77,92,68,622.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7846b84e-821c-491c-8270-d92c3bfeaf98.pdf) |
| 2h - SNACO appointed as Secretarial Auditor for FY2025-26 to FY2029-30, subject to shareholders. | [Announcement under Regulation 30 (LODR)-Change in Management 2h - SNACO appointed as Secretarial Auditor for FY2025-26 to FY2029-30, subject to shareholders.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1c6cf0e-4e6c-45f5-9631-51affd4f64be.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Intimation Regarding Receipt Of ISO 9001:2015 Certification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=750cb1aa-57d5-41d6-8a0b-9d6f406f9e7c.pdf) |
| 2026-09-08 | [Notice Of The 34Th Annual General Meeting (AGM) Of The Company For FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad07ebad-d10e-49e1-abb0-055007473abe.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edf39f30-dc56-4de1-91f3-138c382415ff.pdf) |
| 2026-09-08 | [Intimation Of 34Th Annual General Meeting & Book Closure As Per Regulations 42 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=288395b0-ebf7-425f-94da-fa087f8a2be7.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B61B5FE5_8BE8_4F74_A55F_61B701D21CA4_152514.pdf) |
| 2026-09-02 | [Final Post Issue Report For Rights Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88699de9-e7f8-4b88-b5b9-62ac3591e21a.pdf) |
| 2026-08-31 | [Intimation Regarding Receipt Of Trading Approval Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=713050c9-e814-4b00-ae53-dbaa41de95d8.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b8de7f85-10cd-46da-a9ce-3a680565c9cd.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7681ae3b-ad0d-4a9d-90ab-586987886a6b.pdf) |
| 2026-08-24 | [Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8657864-70e9-419c-94ef-5c2ef45d3cc6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Unaudited Financial Result For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cdf38617-3a47-4277-a80c-888c7d585fd5.pdf) |
| 2026-06-19 | [Submission Of Revised Financial Result Along With Statement On Impact Of Audit Qualification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=506d242f-bdba-45a7-b128-d62ac2a95945.pdf) |
| 2026-05-26 | [Financial Result](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8eb70bc-d5b5-44c1-a4ab-2c3156f3b13c.pdf) |
| 2026-02-13 | [Unaudited Financial Result For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e186dbc5-a785-45f6-849b-55a51bc37e65.pdf) |
| 2025-11-19 | [Submission Of Revised Outcome Of Board Meeting In Compliance With The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations). In](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb1bd82a-cf93-4e26-a004-5e7c70b6b083.pdf) |
| 2025-11-12 | [Financial Result](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf00ebb1-e1f8-4b16-ae82-0a734731a63b.pdf) |
| 2025-08-12 | [Unaudited Financial Result For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5383c45b-44cd-4b65-b289-b93b0457c71c.pdf) |
| 2025-05-31 | [Declaration Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c981df0c-ae94-4671-8401-99c5c4d83fe1.pdf) |
| 2025-02-10 | [Unaudited Financial Result For The Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70bd55ac-7615-4c6f-a1a6-22f816086105.pdf) |
| 2024-11-14 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e48457c6-4afb-4a56-b220-e59ad91dcd5d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5eeba268-67ed-4abf-a9f6-6b8dfd0b6f42.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/202e9ba6-a889-469d-9231-8602f839a545.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6528dfe3-a670-442f-96ce-fb2a81222a57.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/75612532164.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/72838532164.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/68402532164.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/5321640319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/5321640318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/5321640317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532164/5321640316.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 2026-09-13T18:58:43.659Z.