---
title: "Ecofinity Atomix Ltd (539455) — Share Price, Financials & Analysis"
symbol: "539455"
company: "Ecofinity Atomix Ltd"
canonical: "https://tapetide.com/stocks/539455"
isin: "INE360S01012"
nse_symbol: "ARYAVANENTERPRISELTD"
bse_code: "539455"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 47.82
generated_at: "2026-09-13T19:38:33.662Z"
---

# Ecofinity Atomix Ltd (539455)

Canonical page: https://tapetide.com/stocks/539455

## Company

- **NSE Symbol:** ARYAVANENTERPRISELTD
- **BSE Code:** 539455
- **ISIN:** INE360S01012
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2015-12-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** deeptialloysteel.com

## About

Incorporated in 1993, Ecofinity Atomix Ltd 
is engaged in the business of trading goods.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:29.448475Z.

- **Market Cap:** ₹47.82 Cr
- **Classification:** Microcap
- **P/E (reported):** 15.2
- **EPS (TTM):** ₹4.42
- **Book Value:** ₹45.66
- **Price to Book:** 1.51
- **Dividend Yield:** 0.73%
- **ROE:** 5.03%
- **ROCE:** 6.68%
- **Debt to Equity:** 0.1
- **Revenue (yearly):** ₹55.06 Cr
- **Net Income:** ₹3.43 Cr
- **EBITDA:** ₹3.89 Cr
- **52-Week High:** ₹73.98
- **52-Week Low:** ₹34.51
- **RSI (14):** 51.53

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 76.48 | 9% |
| growth | 95.11 | 9% |
| momentum | 95.26 | 12% |
| ownership | 50 | 24% |
| quality | 44.33 | 22% |
| valuation | 56.74 | 24% |

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

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 119 days to 76.7 days

### Weaknesses

- Promoter holding is low: 37.8%
- Earnings include an other income of Rs.2.04 Cr.
- Promoter holding has decreased over last 3 years: -26.7%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -50.02% | -7.25% | 75.61% |
| ebitda margin growth | -47.06% | 18.7% | 316.87% | — |
| net income growth | -50% | 128.67% | — | — |
| revenue growth | -36.82% | 51.68% | 121.02% | — |
| roce | -44.79% | 626.09% | 48.44% | — |
| roe | -50% | 167.55% | 3.72% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.34 | 0.37 | 0.44 | 0 | 0.04 | 8.94 | 14.15 | 14.57 | 10.84 | 9.97 | 25.41 | 16.1 |
| Expenses | 2.47 | 0.82 | 0.33 | 0.07 | 0.05 | 8.65 | 13.26 | 13.72 | 10.39 | 9.74 | 24.11 | 15.4 |
| Operating Profit | -0.13 | -0.45 | 0.11 | -0.07 | -0.01 | 0.29 | 0.89 | 0.85 | 0.45 | 0.23 | 1.3 | 0.7 |
| OPM % | -5.56 | -121.62 | 25 | — | -25 | 3.24 | 6.29 | 5.83 | 4.15 | 2.31 | 5.12 | 4.35 |
| Other Income | 0.08 | 0 | 0.3 | 0.07 | 0.06 | 0.09 | 0.18 | 0.1 | 0.32 | 1.06 | 0.42 | 0.24 |
| Interest | 0 | 0 | 0.01 | 0 | 0 | 0.01 | 0.03 | 0.01 | 0.01 | 0.11 | 0.02 | 0.11 |
| Depreciation | 0 | 0 | 0.03 | 0 | 0 | 0.01 | 0.07 | 0.04 | 0.04 | 0.04 | 0.09 | 0.05 |
| Profit before tax | -0.05 | -0.45 | 0.37 | 0 | 0.05 | 0.36 | 0.97 | 0.9 | 0.72 | 1.14 | 1.61 | 0.78 |
| Tax % | 0 | 0 | 8.11 | — | 0 | 30.56 | 20.62 | 32.22 | 18.06 | 28.95 | 26.71 | 25.64 |
| Net Profit | -0.05 | -0.45 | 0.34 | 0 | 0.05 | 0.25 | 0.78 | 0.6 | 0.57 | 0.82 | 1.18 | 0.58 |
| EPS in Rs | -0.13 | -1.17 | 0.88 | 0 | 0.13 | 0.39 | 0.88 | 0.83 | 0.76 | 1.22 | 1.61 | 0.83 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 33.35 | 4.66 | 6.53 | 35.97 | 55.06 | 62.32 |
| Expenses | 33.49 | 4.98 | 6.47 | 34.2 | 51.16 | 59.64 |
| Operating Profit | -0.14 | -0.32 | 0.06 | 1.77 | 3.9 | 2.68 |
| OPM % | -0.42 | -6.87 | 0.92 | 4.92 | 7.08 | 4.3 |
| Other Income | 0.49 | 0.4 | 0.22 | 0.35 | 1.16 | 2.04 |
| Interest | 0.08 | 0 | 0 | 0.04 | 0.18 | 0.25 |
| Depreciation | 0.04 | 0.01 | 0 | 0.08 | 0.17 | 0.22 |
| Profit before tax | 0.23 | 0.07 | 0.28 | 2 | 4.71 | 4.25 |
| Tax % | 43.48 | 28.57 | 3.57 | 23.5 | 26.11 | — |
| Net Profit | 0.13 | 0.06 | 0.27 | 1.53 | 3.47 | 3.15 |
| EPS in Rs | 0.34 | 0.16 | 0.7 | 2.2 | 4.84 | 4.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 10.33 | — |

### Balance Sheet

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

| Item | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.85 | 3.85 | — | 6.96 | 6.96 |
| Reserves | -0.74 | -0.68 | — | 23.02 | 24.83 |
| Borrowings | 2.05 | 5.17 | — | 0.24 | 3.3 |
| Other Liabilities | 18.37 | 4.87 | — | 2.45 | 11.57 |
| Total Liabilities | 23.53 | 13.21 | — | 32.67 | 46.66 |
| Fixed Assets | 0.04 | 0.57 | — | 12.97 | 11.6 |
| CWIP | 0 | 0 | — | 0 | 7.31 |
| Investments | 0 | 0.58 | — | 0.07 | 0.07 |
| Other Assets | 23.49 | 12.06 | — | 19.63 | 27.68 |
| Total Assets | 23.53 | 13.21 | — | 32.67 | 46.66 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -4.83 | — | -7.25 | 4.42 |
| Cash from Investing Activity | 0 | 0.68 | — | -6.16 | -6.22 |
| Cash from Financing Activity | 0 | 3.11 | — | 13.46 | 2.16 |
| Net Cash Flow | 0 | -1.03 | — | 0.05 | 0.36 |
| Free Cash Flow | 0 | -5.37 | — | -7.25 | -2.91 |
| CFO/OP | 0 | 1497 | — | -392 | 174 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 151.47 | 516.17 | — | 93.36 | 112.36 |
| Inventory Days | — | 0 | — | 44.89 | 25.09 |
| Days Payable | — | — | — | 18.6 | 80.02 |
| Cash Conversion Cycle | 151.47 | 516.17 | — | 119.64 | 57.43 |
| Working Capital Days | 0.11 | 386.15 | — | 161.65 | 76.7 |
| ROCE % | — | 1.04 | — | — | 14.86 |

## 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 | 4.9% | 1.49% | 1.49% | 1.49% | 1.49% | 0.94% | 0.82% | 37.69% | 37.83% | 37.83% | 37.83% | 37.83% |
| 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 | 91.4% | 94.41% | 93.89% | 94.8% | 94.91% | 91.73% | 88.88% | 54.91% | 52.52% | 51.83% | 52.14% | 49.8% |
| Others | 3.7% | 4.1% | 4.62% | 3.71% | 3.6% | 7.33% | 10.3% | 7.4% | 9.65% | 10.34% | 10.03% | 12.37% |
| No. of Shareholders | 619 | 607 | 505 | 501 | 657 | 939 | 974 | 948 | 1033 | 1331 | 1295 | 1227 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 7 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 70.05 | Sell |
| EMA (10) | 69.72 | Buy |
| SMA (20) | 70.05 | Sell |
| EMA (20) | 69.38 | Buy |
| SMA (50) | 65.11 | Buy |
| EMA (50) | 65.44 | Buy |
| SMA (100) | 57.71 | Buy |
| EMA (100) | 60.54 | Buy |
| SMA (200) | 52.89 | Buy |
| EMA (200) | 55.62 | Buy |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.2 | Neutral |
| MACD (12,26,9) | 1.01 | Sell |
| Stochastic (14,3,3) | 40.19 | Neutral |
| ADX (14) | 24.36 | Neutral |
| Williams %R (14) | -38.17 | Neutral |
| ATR (14) | 4.14 | High Volatility |
| ROC (12) | 0.16 | Buy |
| Stoch RSI (14) | 43.44 | Neutral |
| UO (7,14,28) | 52.97 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-06 | [Shareholder Meeting - AGM On 28Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0727a3b2-56a7-4c67-9b27-33322ef84ee5.pdf) |
| 2026-09-06 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bee052f2-cba1-432f-98a7-553569d4b0e8.pdf) |
| 2026-08-25 | [EGM TO BE HELD ON WEDNESDAY 16.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b67617b6-db2c-43d7-907e-ca1ebc833094.pdf) |
| 2026-08-24 | [Board Meeting Outcome for OUTCOME OF BOARD MEETING - 24.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b00c5fc4-0c9a-4874-b130-919467d1b0c9.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday 13Th August 2026 And Submission Of Unaudited Financial Results (Standalone & Consolidated) For The First Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7bd646e3-f07c-4937-8406-7514d9853ea6.pdf) |
| 2026-08-08 | [Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Financial Results For 1St Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b06045ba-dacd-429e-b4c8-f69325bd3a6a.pdf) |
| 2026-08-04 | [Intimation Of Approval Of Name Change Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d0da878-e3ed-45ca-89b8-be017a37c883.pdf) |
| 2026-07-24 | [Advisory From BSE Limited For Change Of Name Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=956c472c-f1b4-426d-ad6a-18f1c5987363.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c338872f-f8c0-4737-9464-f767a4744978.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (SEBI Listing Regulations).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed4ffde5-4c1a-4c3b-82e3-73aa36371fb9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Standalone & Consolidated Financial Result For The First Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05a4aa4c-64bc-4428-927d-620ff043cc57.pdf) |
| 2026-05-30 | [RESULTS - Financial Results For Quarter And Year Ended 31/0/2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ea13b6b-a73f-471b-9d79-d14d497cc7bc.pdf) |
| 2026-02-14 | [Result - Financial Results For Quarter Ended 31/12/2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f3a8ded-4cc3-409f-a38f-f6df5f8c156c.pdf) |
| 2025-11-14 | [UNAUDITED FINANCIAL RESULTS AS ON 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54c14213-2a64-46c1-840f-6944eed82bf6.pdf) |
| 2025-08-13 | [FINANCIAL RESULTS- 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec8047fc-dc97-40b0-adfb-9ec1809f1bdb.pdf) |
| 2025-08-13 | [REVISED FINANCIAL RESULTS 30.06.2025 WITH LEGIBLE COPY OF RESULTS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a649ad33-7e77-400b-b45c-d75cabdafc09.pdf) |
| 2025-05-30 | [FINANCIAL RSULTS 31-05-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee0da591-6803-4361-878d-ba8e8ed3de7c.pdf) |
| 2025-02-14 | [Q3 FINANCIAL RESULTS 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbbcdb33-a878-4402-b755-70554ca945db.pdf) |
| 2024-10-30 | [UNAUDITED FINANCIAL RESULTS 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=095cb242-da3a-4f58-8c59-761784b6fd67.pdf) |
| 2024-08-06 | [Financial Results 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6226fbbf-c462-425e-b8e2-3be437e90931.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 February 2026 - Published 07-Feb-2026 postal ballot notice for approving deviation in utilization of public issue proceeds and unutilized issue expenses. | [Copy of Newspaper Publication 7 February 2026 - Published 07-Feb-2026 postal ballot notice for approving deviation in utilization of public issue proceeds and unutilized issue expenses.](https://nsearchives.nseindia.com/corporate/NITIRAJ_07022026140907_SEBI__LODR__Newspaper_Adv_Postal_Ballot_Notice_S.pdf) |
| 7 Feb - Board meeting on 14 Feb 2026 to approve Q3/9M unaudited results ended 31 Dec 2025. | [Board Meeting Intimation for Consideration And Approval Of Financial Results For Third Quarter And Nine Months Ended On 31/12/2025. 7 Feb - Board meeting on 14 Feb 2026 to approve Q3/9M unaudited results ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c04200f8-8502-4a1a-8fb3-fb7ab2277712.pdf) |
| 6 February 2026 - Postal ballot to approve using Rs.22.92L unutilised issue expenses; e-voting Feb 7–Mar 9, 2026. | [Shareholders meeting 6 February 2026 - Postal ballot to approve using Rs.22.92L unutilised issue expenses; e-voting Feb 7–Mar 9, 2026.](https://nsearchives.nseindia.com/corporate/NITIRAJ_06022026162433_Postal_Ballot_Notice_Nitiraj_Eng_09-03-2026.pdf) |
| 5 March 2026 - Order from Linkwell Telesystems for 9,925 weighing scales worth ₹5.32 crore; delivery within four weeks. | [Bagging/Receiving of orders/contracts 5 March 2026 - Order from Linkwell Telesystems for 9,925 weighing scales worth ₹5.32 crore; delivery within four weeks.](https://nsearchives.nseindia.com/corporate/NITIRAJ_05032026160119_Reg_30_Sales_Order_Disclosure_S.pdf) |
| 20 Feb - Proposal (20 Feb 2026) to issue 23,90,000 warrants (₹2.39 crore) preferentially; EGM for approval. | [Board Meeting Outcome for OUTCOME OF BOARD MEETING - ISSUE OF EQUITY WARRANTS 20 Feb - Proposal (20 Feb 2026) to issue 23,90,000 warrants (₹2.39 crore) preferentially; EGM for approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2551e1bd-24ac-47cc-9c81-2d5301b05bcd.pdf) |
| 17 Feb - Board meeting 20 Feb 2026 to consider preferential allotment; trading window closed 18-22 Feb. | [Board Meeting Intimation for Issue Of Shares. 17 Feb - Board meeting 20 Feb 2026 to consider preferential allotment; trading window closed 18-22 Feb.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95cf536e-47ec-4ecf-aaed-dabd12c2d8bb.pdf) |
| 16 February 2026 - Published unaudited standalone results for quarter ended 31 Dec 2025; ads on 14–15 Feb 2026; copy on company website. | [Copy of Newspaper Publication 16 February 2026 - Published unaudited standalone results for quarter ended 31 Dec 2025; ads on 14–15 Feb 2026; copy on company website.](https://nsearchives.nseindia.com/corporate/NITIRAJ_16022026134802_News_Paper_Publication_S.pdf) |
| 14 Feb - Board approved unaudited Q3 and nine-month results ended 31 Dec 2025; standalone net profit Rs84.66L, consolidated Rs81.30L. | [Result - Financial Results For Quarter Ended 31/12/2025. 14 Feb - Board approved unaudited Q3 and nine-month results ended 31 Dec 2025; standalone net profit Rs84.66L, consolidated Rs81.30L.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f3a8ded-4cc3-409f-a38f-f6df5f8c156c.pdf) |
| 14 Feb - Approved unaudited standalone and consolidated Q3 and nine-month results for period ended 31-Dec-2025. | [Board Meeting Outcome for : Outcome Of The Board Meeting Held On Saturday, 14Th February, 2026 And Submission Of Un-Audited Financial Results (Standalone & Consolidated) For The Third Quarter And Nine Months Ended On 31St December, 2025 14 Feb - Approved unaudited standalone and consolidated Q3 and nine-month results for period ended 31-Dec-2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9753f44d-bf98-4338-8d5c-cd4ef69ca65a.pdf) |
| 13 February 2026 - Board approved Q3 FY26 unaudited results: revenue Rs1,130.69 Lacs; PAT Rs39.42 Lacs; limited review 13-Feb-2026. | [Outcome of Board Meeting 13 February 2026 - Board approved Q3 FY26 unaudited results: revenue Rs1,130.69 Lacs; PAT Rs39.42 Lacs; limited review 13-Feb-2026.](https://nsearchives.nseindia.com/corporate/NITIRAJ_13022026164433_FY26_Q3_Financial_Signed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2021 | [Concall - Nov 2021](https://archives.nseindia.com/corporate/NITIRAJ_20112021115602_ConferenceCallTranscript.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://archives.nseindia.com/corporate/NITIRAJ_25112020183515_NEL_ResultUpdatePresentation_H1FY21.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/NITIRAJ_27052024152250_InvestorPresentationNitiraj_S.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/NITIRAJ_28052024135152_InvestorPresentation_s.pdf) |
| May 2022 | [Concall - May 2022](https://archives.nseindia.com/corporate/NITIRAJ_20052022174700_FY22EarningsConferenceCall.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://archives.nseindia.com/corporate/NITIRAJ_23062021165857_Nitiraj_Engineers_Investor_Presentation.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://archives.nseindia.com/corporate/NITIRAJ_09072020120037_ResultUpdatePresentation.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/NITIRAJ_18022025183958_Investor_Representation_Q3FY25.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/NITIRAJ_03122024172140_EarningsConcallTranscrpit_Nov28.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/NITIRAJ_16082024132013_InvestorRepresentationQ1FY25.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27978_NITIRAJ_2024_2025_A_5993148_30082025211306.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25494_NITIRAJ_2023_2024_0209202422450.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23347_NITIRAJ_2022_2023_04092023124400_09042023130000.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21499_NITIRAJ_2021_2022_06092022171614_09062022180001.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19466_NITIRAJ_2020_2021_06092021141054_09062021150005.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ed46236-cca7-43e6-86ba-cd55c9d60c36.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c86939dd-21a5-4f9f-bc96-0c8c6f72d732.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e9c398e-71e0-4480-a0f5-9bfaaff9ad0a.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539455/75708539455.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539455/71297539455.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 2026-09-13T19:38:33.662Z.