---
title: "SMT Engineering Ltd (538563) — Share Price, Financials & Analysis"
symbol: "538563"
company: "SMT Engineering Ltd"
canonical: "https://tapetide.com/stocks/538563"
isin: "INE673E01018"
nse_symbol: "ADARSHMERCANTILELTD"
bse_code: "538563"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 620.94
generated_at: "2026-09-13T19:15:43.789Z"
---

# SMT Engineering Ltd (538563)

Canonical page: https://tapetide.com/stocks/538563

## Company

- **NSE Symbol:** ADARSHMERCANTILELTD
- **BSE Code:** 538563
- **ISIN:** INE673E01018
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** smtel.in

## About

Incorporated in 1984, SMT Engineering Ltd is a manufacturer of the Plastic Extrusion System[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:17.002570Z.

- **Market Cap:** ₹620.94 Cr
- **Classification:** Microcap
- **P/E (reported):** 24.4
- **EPS (TTM):** ₹14.02
- **Book Value:** ₹66.71
- **Price to Book:** 4.97
- **Dividend Yield:** 0%
- **ROE:** 3.73%
- **ROCE:** 3.46%
- **Debt to Equity:** 0.68
- **Revenue (yearly):** ₹162.24 Cr
- **Net Income:** ₹25.01 Cr
- **EBITDA:** ₹40.5 Cr
- **52-Week High:** ₹594.35
- **52-Week Low:** ₹46.43
- **RSI (14):** 34.54

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 47.9 | 9% |
| growth | 98.9 | 9% |
| momentum | 31.94 | 12% |
| ownership | 50 | 24% |
| quality | 32.86 | 22% |
| valuation | 27.11 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 155% CAGR over last 5 years
- Debtor days have improved from 258 to 76.6 days.

### Weaknesses

- Stock is trading at 5.17 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -7.42%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -282.22% | — | — |
| ebitda margin growth | -67.14% | 93.4% | -149.45% | 100.4% |
| net income growth | -68.6% | 987.39% | 339% | 155% |
| revenue growth | -57.93% | 668.91% | 583% | 167% |
| roce | -68.59% | -116.17% | — | -3.38% |
| roe | -68.41% | -116.26% | -7.98% | -208.12% |

## 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 | 0 | 0 | 2.55 | 0.46 | 0.11 | 0.37 | 20.09 | 27.13 | 34.13 | 26.88 | 74.1 | 30.93 |
| Expenses | 0.02 | -0.01 | 4.72 | 0.44 | 0.21 | 0.42 | 17.31 | 23.23 | 24.51 | 20.95 | 53.05 | 24.25 |
| Operating Profit | -0.02 | 0.01 | -2.17 | 0.02 | -0.1 | -0.05 | 2.78 | 3.9 | 9.62 | 5.93 | 21.05 | 6.68 |
| OPM % | — | — | -85.1 | 4.35 | -90.91 | -13.51 | 13.84 | 14.38 | 28.19 | 22.06 | 28.41 | 21.6 |
| Other Income | 0.47 | 0.35 | -2.02 | 0.02 | 0.19 | 0.1 | -0.19 | 0.11 | 0.05 | 0.04 | 0.28 | 0.32 |
| Interest | 0.06 | 0.06 | 0.05 | 0 | 0 | 0 | 0.06 | 0.67 | 0.86 | 1.6 | 1.22 | 1.65 |
| Depreciation | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.21 | 0.23 | 0.25 | 0.32 | 0.41 |
| Profit before tax | 0.39 | 0.3 | -4.26 | 0.04 | 0.09 | 0.05 | 2.53 | 3.13 | 8.58 | 4.12 | 19.79 | 4.94 |
| Tax % | 0 | 0 | -2.82 | 0 | 0 | 20 | 13.83 | 24.92 | 25.99 | 43.69 | 39.06 | 23.28 |
| Net Profit | 0.52 | 0.4 | -4.65 | 0.11 | 0.15 | 0.04 | 2.17 | 2.35 | 6.35 | 2.32 | 12.06 | 3.81 |
| EPS in Rs | 1.41 | 1.09 | -12.65 | 0.3 | 0.41 | 0.11 | 1.31 | 1.42 | 3.84 | 1.4 | 6.67 | 2.11 |

### 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 | 2 | 1 | 1 | 1 | 1 | 1 | 3 | 21 | 162 | 166 |
| Expenses | 1 | 1 | 1 | 1 | 1 | 0 | 5 | 18 | 122 | 123 |
| Operating Profit | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 3 | 40 | 43 |
| OPM % | 41 | 12 | -7 | 7 | 11 | 6 | -86 | 13 | 25 | 26 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 3 | 36 | 37 |
| Tax % | 18 | — | 0 | 0 | 0 | 52 | -6 | 13 | 35 | — |
| Net Profit | 1 | 0 | 0 | 0 | 0 | 0 | -2 | 2 | 23 | 25 |
| EPS in Rs | 1.44 | -0.03 | -0.68 | -0.6 | 0.14 | -0.76 | -4.57 | 1.5 | 12.77 | 14.02 |
| 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 17 | 18 |
| Reserves | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 46 | 102 |
| Borrowings | 1 | 1 | 3 | 3 | 3 | 4 | 4 | 0 | 52 | 82 |
| Other Liabilities | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 53 | 64 |
| Total Liabilities | 9 | 9 | 11 | 10 | 11 | 11 | 12 | 8 | 167 | 267 |
| Fixed Assets | 2 | 2 | 1 | 1 | 3 | 3 | 2 | 0 | 18 | 32 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 21 |
| Investments | 5 | 5 | 6 | 6 | 6 | 7 | 7 | 1 | 0 | 3 |
| Other Assets | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 7 | 146 | 210 |
| Total Assets | 9 | 9 | 11 | 10 | 11 | 11 | 12 | 8 | 167 | 267 |

### 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 | 0 | -1 | 0 | 1 | 0 | 0 | -8 | -31 | -48 |
| Cash from Investing Activity | 0 | 1 | -1 | 0 | -1 | 0 | 0 | 13 | 0 | -36 |
| Cash from Financing Activity | 0 | 0 | 2 | 0 | 0 | 0 | 0 | -4 | 53 | 61 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 22 | -24 |
| Free Cash Flow | -2 | -1 | 0 | 0 | 0 | 0 | 0 | -6 | -31 | -82 |
| CFO/OP | -33 | -26 | -980 | 160 | 1812 | -291 | -133 | 370 | -1093 | -106 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 8 | 91 | 117 | 270 | 0 | 186 | 328 | 370 | 77 |
| Inventory Days | 104 | 169 | 255 | 120 | 151 | 208 | 438 | 10 | 1648 | 417 |
| Days Payable | 0 | 17 | 138 | 132 | 402 | 0 | 304 | 71 | 577 | 98 |
| Cash Conversion Cycle | 109 | 160 | 208 | 105 | 19 | 208 | 320 | 267 | 1442 | 395 |
| Working Capital Days | 5 | -19 | -780 | 477 | 258 | 442 | 830 | 305 | 1068 | 165 |
| ROCE % | 2 | 9 | 1 | 0 | 0 | 1 | 0 | -17 | 4 | 25 |

## 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 | 74.86% | 74.86% | 74.86% | 74.86% | 74.86% | 74.86% | 0.37% | 73.77% | 73.77% | 73.77% | 67.44% | 67.44% |
| 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 | 15.34% | 15.34% | 15.07% | 15.07% | 15.07% | 23.64% | 98.72% | 25.32% | 25.32% | 25.32% | 31.7% | 31.69% |
| Others | 9.8% | 9.8% | 10.07% | 10.07% | 10.07% | 1.5% | 0.91% | 0.91% | 0.91% | 0.91% | 0.86% | 0.87% |
| No. of Shareholders | 62 | 63 | 65 | 64 | 64 | 62 | 108 | 107 | 116 | 126 | 634 | 807 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 354.28 | Sell |
| EMA (10) | 350.97 | Sell |
| SMA (20) | 368.75 | Sell |
| EMA (20) | 371.05 | Sell |
| SMA (50) | 425.29 | Sell |
| EMA (50) | 401.68 | Sell |
| SMA (100) | 422.08 | Sell |
| EMA (100) | 400.35 | Sell |
| SMA (200) | 358.6 | Sell |
| EMA (200) | 333.93 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.23 | Neutral |
| MACD (12,26,9) | -25.6 | Sell |
| Stochastic (14,3,3) | 20.41 | Neutral |
| ADX (14) | 20.1 | Neutral |
| Williams %R (14) | -68.67 | Neutral |
| ATR (14) | 25.06 | High Volatility |
| ROC (12) | -6.67 | Sell |
| Stoch RSI (14) | 57.55 | Neutral |
| UO (7,14,28) | 36.56 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc837049-fe5f-4d4e-bd98-fb28acbe03f2.pdf) |
| 2026-09-07 | [Intimation Regarding Dispatch Of Letters To The Shareholders Whose Email Addresses Are Not Registered With The Company/RTA/Depositories](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1995126-b8f5-4ad7-ab8a-d663ee3969bb.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f57fe00-29e8-4de7-91bc-2d4bc4712fa4.pdf) |
| 2026-09-05 | [Intimation Of Annual General Meeting To Be Held On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a9e0fff-8240-4318-ad28-2a5bf287b999.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40f1b7e3-9948-4f41-8654-5e10ac44842e.pdf) |
| 2026-09-05 | [Intimation Under Regulation 42 Of SEBI (LODR) Regulation 2015 For The Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=029357d5-aba1-4659-961f-0c4dcd0026bc.pdf) |
| 2026-09-05 | [Intimation Pursuant To Regulation 44 Of SEBI (LODR) Regulations 2015 Regarding Remote E-Voting Facilities For The Annual General Meeting Of The Company To Be Held On 30Th Day Of September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea2c98bf-c130-42c1-93b7-35edcdef2b4f.pdf) |
| 2026-09-03 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3b05cde-38ec-434b-ab9a-1c5b58bd2289.pdf) |
| 2026-08-31 | [Board Meeting Intimation for Proposal Of Fund Raising](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e78b9211-0781-484a-9bd6-8c0beed6a3f7.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c55f304-c6ba-481a-9de2-123b03261e07.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Standalone And Consolidated Unaudited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cb20cde-f4a2-402f-a5b9-4b585f8eea55.pdf) |
| 2026-05-29 | [Approval Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0eafdfed-ae22-4eb7-8014-2924e564a3cc.pdf) |
| 2026-02-12 | [Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34ac63b9-6bdd-4ee8-8f0c-5a5f07f8959e.pdf) |
| 2025-11-13 | [Results-Financial Results For The Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=013a53d8-20d7-40de-b483-36217e0efae4.pdf) |
| 2025-08-12 | [Approval Of Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended On 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d8a4c21-6556-42f9-b24d-9a49351bf14b.pdf) |
| 2025-06-16 | [Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38f014e3-5b69-4b1f-ba08-0b9d996f87fb.pdf) |
| 2025-05-30 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a07b4329-b6a7-4dd4-807e-8ad1e34c3471.pdf) |
| 2025-01-08 | [Approval Of Un-Audited Quarterly Financial Results For The Quarter And Nine Months Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48500d5a-9b20-480d-ab7c-4566218619de.pdf) |
| 2024-11-07 | [Approved The Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0cff121-8699-4337-bf25-e436a93ff699.pdf) |
| 2024-08-09 | [Un-Audited Standalone & Consolidated Financial Results For The Quarter Ended 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b588008-a73d-4b78-b3a1-ffef0d7b42ab.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Submitted Regulation 74(5) dematerialisation certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Submitted Regulation 74(5) dematerialisation certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3a71bad-6395-4b85-a7dc-2579ce354e7b.pdf) |
| 5 Feb - Board meeting on 12 Feb 2026 to approve unaudited standalone and consolidated Q3 results (quarter ended Dec 31, 2025). | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 31St December, 2025 5 Feb - Board meeting on 12 Feb 2026 to approve unaudited standalone and consolidated Q3 results (quarter ended Dec 31, 2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/182a0d43-1c52-4d87-a3ee-7520a47c43df.pdf) |
| 3 Apr - Submitted promoter disclosure under Regulation 31(4) for year ended 31 March 2026. | [Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011. 3 Apr - Submitted promoter disclosure under Regulation 31(4) for year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9044e74c-a68c-4e66-9f85-0f434f4f188b.pdf) |
| 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb974665-72d0-470e-98af-2f8dc0b53d3f.pdf) |
| 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 28 Apr - Company confirms non-applicability of large corporate debt disclosure for FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb974665-72d0-470e-98af-2f8dc0b53d3f.pdf) |
| 24 Mar - Independent Directors met 24-Mar-2026, reviewed board and chairperson performance and information flow. | [Separate Meeting Of Independent Directors 24 Mar - Independent Directors met 24-Mar-2026, reviewed board and chairperson performance and information flow.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f26bf768-495d-4239-b469-319182497ebb.pdf) |
| 23 Mar - SMT Engineering Ltd trading window closed from 1 April 2026 until 48 hours after audited FY2026 results. | [Closure of Trading Window 23 Mar - SMT Engineering Ltd trading window closed from 1 April 2026 until 48 hours after audited FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8dff780f-c1ec-4dba-9f1d-14397b5e1589.pdf) |
| 1m - Earnings Call Transcript for the investor call held on 5 March 2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1m - Earnings Call Transcript for the investor call held on 5 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6c4214de-74e5-432c-ac5c-0565b5be9138.pdf) |
| 19 Feb - Earning call transcript for Q3FY26 unaudited financial results | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 19 Feb - Earning call transcript for Q3FY26 unaudited financial results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6cee08c-93ae-4282-af46-7152a2fdebeb.pdf) |
| 17 Feb - Audio recording link of analyst/investor call on Q3 FY26 unaudited results, held 17 Feb 2026; results approved 13 Feb. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 17 Feb - Audio recording link of analyst/investor call on Q3 FY26 unaudited results, held 17 Feb 2026; results approved 13 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e8bfea7-7077-4d52-bd0b-26325c1f037d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2024 | [Concall - Sep 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9ae3e57-44bd-4579-937a-2ea33f123b04.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c97f9c46-932b-4bc3-a141-54768eca4254.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2ba4c47-44da-4a93-878e-bbfc13f88ff0.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55566072-c388-4424-8ec7-85a3c3ac6ff1.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2b5636e-fe3f-493e-a394-1fa83ad2ef6e.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/560c98a3-3e15-403d-a547-eedc11ea9547.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4cceb44-2611-4d79-995f-8eba6c0fcd88.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/571fe8ab-f873-460d-990c-33e60be40160.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/879f299a-afe1-41b8-9341-01f9c2905372.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b069c12-23ab-41cf-a76c-9d1f41cf1fd1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1002_MMFL_2012_2013_16082013121043.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9120c344-165f-414a-95e8-8db335f9ef14.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/274d8dcf-c8bd-4fcf-aa9f-1698ea3deb61.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/397d4878-d83d-44f4-8c7d-4bb198a3e257.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67e684b9-b40c-425d-b78b-092d458aeffd.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c8d1649-2b14-4a8e-80f7-ab8dadc9c8d9.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/071c7558-2ff5-422f-9c67-466843c10873.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/73188522241.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/538563/74502538563.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/69581522241.pdf) |

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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 2026-09-13T19:15:43.789Z.