---
title: "Inditrade Capital Ltd (532745) — Share Price, Financials & Analysis"
symbol: "532745"
company: "Inditrade Capital Ltd"
canonical: "https://tapetide.com/stocks/532745"
bse_code: "532745"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T19:16:24.263Z"
---

# Inditrade Capital Ltd (532745)

Canonical page: https://tapetide.com/stocks/532745

## Company

- **BSE Code:** 532745
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** inditrade.com

## About

Incorporated in 1994, Inditrade Capital Ltd
is in the business of loans and investments[1]

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.08 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -16.6% over past five years.
- Promoter holding is low: 6.41%
- Company has a low return on equity of -23.4% over last 3 years.
- Contingent liabilities of Rs.227 Cr.
- Company has high debtors of 161 days.
- Promoter holding has decreased over last 3 years: -67.2%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| revenue growth | -68% | -36% | -17% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45 | 54 | 42 | 34 | 44 | 41 | 41 | 41 | 29 | 22 | 13 | -10 |
| Expenses | 31 | 41 | 32 | 55 | 35 | 35 | 32 | 36 | 24 | 29 | 17 | 91 |
| Operating Profit | 14 | 13 | 11 | -20 | 10 | 5 | 10 | 5 | 6 | -7 | -4 | -101 |
| OPM % | 31 | 24 | 25 | -59 | 22 | 13 | 23 | 12 | 19 | -34 | -30 | — |
| Other Income | 1 | 2 | 0 | 2 | 1 | 5 | 0 | 4 | 1 | 0 | 4 | 6 |
| Interest | 10 | 9 | 8 | 8 | 8 | 6 | 7 | 6 | 5 | 4 | 6 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 2 | 4 | 1 | -28 | 1 | 2 | 1 | 3 | 1 | -12 | -7 | -100 |
| Tax % | 56 | 25 | 45 | -11 | 56 | 83 | 20 | 53 | 75 | -81 | 4 | -4 |
| Net Profit | 1 | 3 | 1 | -25 | 0 | 0 | 1 | 1 | 0 | -2 | -7 | -96 |
| EPS in Rs | 0.27 | 1.19 | 0.45 | -7.89 | -0.19 | -0.15 | 0.36 | 0.82 | 0.12 | -0.69 | -2.93 | -25.8 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 48 | 48 | 75 | 76 | 132 | 178 | 200 | 175 | 167 | 53 |
| Expenses | 27 | 37 | 50 | 42 | 80 | 138 | 156 | 157 | 137 | 160 |
| Operating Profit | 21 | 10 | 24 | 34 | 53 | 41 | 44 | 18 | 31 | -107 |
| OPM % | 43 | 21 | 32 | 45 | 40 | 23 | 22 | 10 | 18 | -200 |
| Other Income | 2 | 3 | 1 | 9 | 5 | 4 | 1 | 4 | 10 | 11 |
| Interest | 1 | 1 | 9 | 22 | 35 | 29 | 33 | 36 | 28 | 20 |
| Depreciation | 1 | 1 | 1 | 0 | 2 | 3 | 5 | 6 | 6 | 3 |
| Profit before tax | 21 | 11 | 15 | 21 | 21 | 12 | 7 | -21 | 7 | -118 |
| Tax % | 16 | 25 | 21 | 25 | 30 | 31 | 46 | -1 | 56 | -11 |
| Net Profit | 17 | 8 | 12 | 16 | 14 | 9 | 4 | -20 | 3 | -106 |
| EPS in Rs | 4.59 | 2.36 | 3.66 | 4.92 | 4 | 2.54 | 2.18 | -5.96 | 0.84 | -29.31 |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 69 | 75 | 87 | 98 | 104 | 111 | 117 | 96 | 95 | 48 |
| Borrowings | 0 | 48 | 130 | 210 | 207 | 257 | 385 | 256 | 150 | 174 |
| Other Liabilities | 71 | 88 | 225 | 128 | 128 | 114 | 131 | 136 | 133 | 74 |
| Total Liabilities | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 319 |
| Fixed Assets | 2 | 4 | 4 | 3 | 9 | 9 | 34 | 32 | 30 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 2 | 0 | 0 | 1 | 10 | 11 | 11 | 14 | 13 |
| Other Assets | 156 | 229 | 461 | 455 | 452 | 487 | 610 | 468 | 357 | 284 |
| Total Assets | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 319 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -46 | -49 | -75 | -71 | 33 | -36 | -81 | 104 | 91 | -45 |
| Cash from Investing Activity | 53 | 12 | -19 | -4 | -3 | -12 | -19 | -3 | -7 | 27 |
| Cash from Financing Activity | 0 | 48 | 96 | 57 | -7 | 49 | 128 | -129 | -105 | 18 |
| Net Cash Flow | 7 | 10 | 2 | -18 | 23 | 1 | 28 | -28 | -21 | 0 |
| Free Cash Flow | -46 | -50 | -76 | -72 | 29 | -39 | -111 | 101 | 87 | -41 |
| CFO/OP | -188 | -452 | -292 | -188 | 74 | -85 | -182 | 596 | 298 | 37 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 | 161 |
| Cash Conversion Cycle | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 | 161 |
| Working Capital Days | 506 | 547 | 563 | 39 | -20 | 145 | 57 | 174 | 153 | 196 |
| ROCE % | 17 | 7 | 10 | 12 | 14 | 10 | 8 | 3 | 9 | -31 |

## 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 | 71.77% | 71.77% | 71.77% | 71.77% | 73.63% | 73.63% | 73.63% | 73.63% | 6.41% | 6.41% |
| FIIs | 2.84% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
| Public | 25.1% | 27.76% | 27.76% | 27.76% | 25.9% | 25.9% | 25.89% | 25.9% | 93.4% | 93.4% |
| Others | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0% | 0% |
| No. of Shareholders | 4613 | 5479 | 5091 | 4751 | 4637 | 6105 | 5402 | 5105 | 8573 | 8573 |

### 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 | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% | 31.09% | 31.09% | 31.09% | 6.41% | 6.41% | 6.41% | 6.41% |
| FIIs | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
| Public | 25.89% | 25.9% | 25.9% | 25.91% | 25.9% | 68.72% | 68.72% | 68.72% | 93.4% | 93.4% | 93.4% | 93.4% |
| Others | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 5402 | 5326 | 4905 | 5045 | 5105 | 6084 | 6640 | 6640 | 8573 | 8573 | 8573 | 8573 |

## 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) | 2.61 | Sell |
| EMA (10) | 2.65 | Sell |
| SMA (20) | 2.61 | Sell |
| EMA (20) | 2.78 | Sell |
| SMA (50) | 3.52 | Sell |
| EMA (50) | 3.37 | Sell |
| SMA (100) | 4.25 | Sell |
| EMA (100) | 4.05 | Sell |
| SMA (200) | 5.15 | Sell |
| EMA (200) | 5.29 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.83 | Neutral |
| MACD (12,26,9) | -0.24 | Buy |
| Stochastic (14,3,3) | 53.41 | Neutral |
| ADX (14) | 37.66 | Buy |
| Williams %R (14) | -61.36 | Neutral |
| ATR (14) | 0.23 | High Volatility |
| ROC (12) | 2.45 | Buy |
| Stoch RSI (14) | 64.73 | Neutral |
| UO (7,14,28) | 45.97 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 26 February 2026 - Virtual investor meeting at Arihant Capital on 10 March 2026, 2–3pm; no unpublished price-sensitive information. | [Analysts/Institutional Investor Meet/Con. Call Updates 26 February 2026 - Virtual investor meeting at Arihant Capital on 10 March 2026, 2–3pm; no unpublished price-sensitive information.](https://nsearchives.nseindia.com/corporate/MACPOWER_26022026101421_IntimationforInvestorConferencehostedbyArihantCapitalon10032026.pdf) |
| 26 February 2026 - Management to meet Aditya Birla Money 1x1 virtual on 2 March 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 26 February 2026 - Management to meet Aditya Birla Money 1x1 virtual on 2 March 2026.](https://nsearchives.nseindia.com/corporate/MACPOWER_26022026120059_IntimationforVirtualMeetingwithAdityaBirlaMoney.pdf) |
| 26 February 2026 - Analyst/Investor meeting on 26 Feb 2026 with Nvest Analytics, 1x1 virtual. | [Analysts/Institutional Investor Meet/Con. Call Updates 26 February 2026 - Analyst/Investor meeting on 26 Feb 2026 with Nvest Analytics, 1x1 virtual.](https://nsearchives.nseindia.com/corporate/MACPOWER_26022026115615_IntimationforVirtualMeetingwithNvestAnalytics.pdf) |
| 26 Feb - Kirtane & Pandit resigned effective Feb 12, 2026; management non-cooperation, liquidity, seized records halted audits. | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 26 Feb - Kirtane & Pandit resigned effective Feb 12, 2026; management non-cooperation, liquidity, seized records halted audits.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=842a9915-1bc3-4b43-9737-95b65ef79f2a.pdf) |
| 26 Feb - Kirtane & Pandit resigned effective Feb 12, 2026; management non-cooperation, liquidity, seized records halted audits. | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 26 Feb - Kirtane & Pandit resigned effective Feb 12, 2026; management non-cooperation, liquidity, seized records halted audits.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/842a9915-1bc3-4b43-9737-95b65ef79f2a.pdf) |
| 17 Feb - Kerachan A. Somasekharan ceased as Independent Director effective 15 Feb 2026 after completing second five-year term. | [Announcement under Regulation 30 (LODR)-Cessation 17 Feb - Kerachan A. Somasekharan ceased as Independent Director effective 15 Feb 2026 after completing second five-year term.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e0f8ee5-0b09-440f-8b53-366c886e2319.pdf) |
| 17 Feb - Board approved reclassifying A T Invofin India Pvt Ltd from promoter to public; subject to BSE approval (13 Feb 2026). | [Disclosure under Regulation 30A of LODR 17 Feb - Board approved reclassifying A T Invofin India Pvt Ltd from promoter to public; subject to BSE approval (13 Feb 2026).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=892c873d-2ae6-492f-a6f6-e1fa7bf09e30.pdf) |
| 17 Feb - Board approved reclassifying A T Invofin India Pvt Ltd from promoter to public; subject to BSE approval (13 Feb 2026). | [Disclosure under Regulation 30A of LODR 17 Feb - Board approved reclassifying A T Invofin India Pvt Ltd from promoter to public; subject to BSE approval (13 Feb 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/892c873d-2ae6-492f-a6f6-e1fa7bf09e30.pdf) |
| 16 Feb - Kirtane & Pandit resigned as statutory auditor effective Feb 12, 2026; management non-cooperation and incomplete 2025 financials. | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 16 Feb - Kirtane & Pandit resigned as statutory auditor effective Feb 12, 2026; management non-cooperation and incomplete 2025 financials.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64e7ffde-7ae7-4c9c-992e-999f6ecc5af9.pdf) |
| 15 Jan - Certificate under Regulation 74(5) for quarter ended 31 Dec 2025 issued by Bigshare Services. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Jan - Certificate under Regulation 74(5) for quarter ended 31 Dec 2025 issued by Bigshare Services.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3de0275-bd11-4117-9de3-1d9a24dcbe54.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2023 | [Concall - Oct 2023](https://nsearchives.nseindia.com/corporate/MACPOWER_26102023163929_Q2FY24ConferenceCalldated23102023Transcript.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://archives.nseindia.com/corporate/MACPOWER_29102021161353_Final.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/MACPOWER_18112025143320_Q2_H1FY26_Conference_Call_dated_14_11_2025_Transcript.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/MACPOWER_18112024180115_Q2FY25ConferenceCalldated14112024Transcript.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f8a38d1-5a78-4f04-95e1-aa2e0c697e7b.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f8a38d1-5a78-4f04-95e1-aa2e0c697e7b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ba08132-1058-434c-835d-cd7be70cb626.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/MACPOWER_17112022173142_NSEQ2FY23ConferenceCalldated11.11.2022Transcript.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ba08132-1058-434c-835d-cd7be70cb626.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=368d53cd-f479-4f95-9c24-05a949d85cb1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27672_MACPOWER_2024_2025_A_20337932_25082025193919.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25540_MACPOWER_2023_2024_03092024154416.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22998_MACPOWER_2022_2023_28082023165816_08282023170019.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21060_MACPOWER_2021_2022_02092022122616_09022022130001.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19234_MACPOWER_2020_2021_03092021122750_09032021130005.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17451_MACPOWER_2019_2020_06092020114158_06092020120002.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0e846f1-1bd6-4093-bda4-559d8eeb643a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39fb1146-b733-4b7b-922e-5fb0ebce1975.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39962d3a-5e0d-4c0c-a97a-5975c63b3f24.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532745/73629532745.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 2026-09-13T19:16:24.263Z.