---
title: "Modern Engineering and Projects Ltd (539762) — Share Price, Financials & Analysis"
symbol: "539762"
company: "Modern Engineering and Projects Ltd"
canonical: "https://tapetide.com/stocks/539762"
isin: "INE250S01015"
nse_symbol: "MODERNCONVERTERSLTD"
bse_code: "539762"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 39.43
generated_at: "2026-09-13T19:40:03.714Z"
---

# Modern Engineering and Projects Ltd (539762)

Canonical page: https://tapetide.com/stocks/539762

## Company

- **NSE Symbol:** MODERNCONVERTERSLTD
- **BSE Code:** 539762
- **ISIN:** INE250S01015
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-29
- **CEO:** Mr. Fattehsingh Krishnrao Patil
- **Employees:** 30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mep.ltd

## About

Incorporated in 1946, Modern Engineering Projects Ltd undertakes infrastructure projects on contract basis[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:50:54.163198Z.

- **Market Cap:** ₹39.43 Cr
- **Classification:** Microcap
- **P/E (reported):** 5.2
- **EPS (TTM):** ₹4.76
- **EPS (reported):** ₹0
- **Book Value:** ₹41.73
- **Price to Book:** 0.6
- **Dividend Yield:** 0%
- **ROE:** 13.01%
- **ROCE:** 12.67%
- **Debt to Equity:** 0.56
- **Revenue (yearly):** ₹119.79 Cr
- **Net Income:** ₹8.49 Cr
- **EBITDA:** ₹11.43 Cr
- **52-Week High:** ₹49.89
- **52-Week Low:** ₹23.21
- **RSI (14):** 37.17

## Tapetide Score

- **Score:** 35 / 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: Falling
- **Percentile:** 6 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 25.05 | 9% |
| growth | 22.9 | 9% |
| momentum | 25.1 | 12% |
| ownership | 39.31 | 24% |
| quality | 16.8 | 22% |
| valuation | 61.97 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.59 times its book value
- Company has delivered good profit growth of 180% CAGR over last 5 years
- Company's median sales growth is 35.4% of last 10 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.3%
- Company has high debtors of 285 days.
- Promoter holding has decreased over last 3 years: -29.6%
- Working capital days have increased from 43.4 days to 106 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -607.58% | -277.13% | — |
| ebitda margin growth | 100% | -5.87% | -16.82% | -107.49% |
| net income growth | 0% | 16.3% | 73% | 180% |
| revenue growth | -100% | 22.36% | 21% | 332% |
| roce | — | -84.25% | -118.35% | -1.82% |
| roe | — | -102.63% | -140.37% | -898.16% |

## 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 | 16.61 | 19.86 | 40.74 | 14.49 | 16.25 | 22.68 | 42.2 | 30.94 | 16.42 | 24.8 | 47.62 | 12.82 |
| Expenses | 14.09 | 19 | 36.06 | 13.99 | 17.7 | 26.05 | 30.51 | 28.18 | 13.05 | 20.28 | 46.85 | 10.69 |
| Operating Profit | 2.52 | 0.86 | 4.68 | 0.5 | -1.45 | -3.37 | 11.69 | 2.76 | 3.37 | 4.52 | 0.77 | 2.13 |
| OPM % | 15.17 | 4.33 | 11.49 | 3.45 | -8.92 | -14.86 | 27.7 | 8.92 | 20.52 | 18.23 | 1.62 | 16.61 |
| Other Income | 0.04 | 0 | 0 | 1.36 | 0.64 | 0.06 | 0.24 | 0.52 | 1.49 | 0.52 | 0.54 | 0.02 |
| Interest | 0.37 | 0.1 | 0.35 | 0.1 | 0.11 | 0.1 | 0.28 | 0.48 | -0.08 | 0.19 | 0.35 | 0.79 |
| Depreciation | 0.92 | 0.65 | 0.73 | 0.41 | 0.41 | 0.44 | 0.54 | 0.55 | 0.57 | 0.52 | 0.47 | 0.34 |
| Profit before tax | 1.27 | 0.11 | 3.6 | 1.35 | -1.33 | -3.85 | 11.11 | 2.25 | 4.37 | 4.33 | 0.49 | 1.02 |
| Tax % | 43.31 | 90.91 | 54.72 | 17.78 | -131.58 | -5.97 | 15.66 | 19.11 | 32.49 | 21.94 | 24.49 | 33.33 |
| Net Profit | 0.72 | 0.01 | 1.63 | 1.11 | 0.42 | -3.61 | 9.36 | 1.81 | 2.94 | 3.37 | 0.37 | 0.68 |
| EPS in Rs | 0.46 | 0.01 | 1.05 | 0.72 | 0.27 | -2.34 | 6.06 | 1.17 | 1.9 | 2.18 | 0.24 | 0.44 |

### 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 | 0 | 0 | 0 | 1 | 68 | 93 | 96 | 120 | 102 |
| Expenses | 3 | 0 | 0 | 0 | 3 | 71 | 83 | 88 | 108 | 91 |
| Operating Profit | 0 | 0 | 0 | 0 | -2 | -3 | 10 | 7 | 11 | 11 |
| OPM % | -17 | -1500 | -250 | -62 | -136 | -4 | 11 | 8 | 10 | 11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 0 | 0 | -3 | -3 | 7 | 7 | 11 | 10 |
| Tax % | 0 | 0 | 0 | 0 | -3 | -6 | 46 | 0 | 26 | — |
| Net Profit | 0 | 0 | 0 | 0 | -3 | -3 | 4 | 7 | 8 | 7 |
| EPS in Rs | -0.13 | -0.1 | -0.1 | -0.03 | -1.93 | -1.71 | 2.35 | 4.72 | 5.5 | 4.76 |
| 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 15 | 15 |
| Reserves | 1 | 0 | 0 | 0 | 0 | -3 | -7 | -4 | 41 | 49 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 12 | 8 | 36 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 1 | 32 | 37 | 64 | 72 |
| Total Liabilities | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 | 172 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 4 | 14 | 18 | 16 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 4 | 18 |
| Other Assets | 4 | 3 | 3 | 3 | 3 | 5 | 23 | 30 | 94 | 123 |
| Total Assets | 4 | 3 | 3 | 3 | 3 | 10 | 37 | 48 | 128 | 172 |

### 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 | 3 | 0 | 0 | 0 | -3 | 15 | 5 | -27 | -15 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | -3 | -13 | -7 | -17 | -15 |
| Cash from Financing Activity | 0 | -3 | 0 | 0 | 0 | 6 | -1 | 2 | 45 | 30 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 0 |
| Free Cash Flow | 0 | 3 | 0 | 0 | 0 | -5 | 3 | -1 | -40 | -16 |
| CFO/OP | -1400 | -749 | 40 | 20 | -40 | 165 | -550 | 73 | -341 | -98 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 13018 | 2 | 0 | 0 | 0 | 409 | 19 | 88 | 254 | 285 |
| Inventory Days | 548 | 41 | 531 | 122 | 0 | — | — | — | — | — |
| Days Payable | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Cash Conversion Cycle | 13566 | 43 | 531 | 122 | 0 | 409 | 19 | 88 | 254 | 285 |
| Working Capital Days | 13424 | 569 | 119720 | 19223 | 13277 | 727 | -70 | -55 | 79 | 106 |
| ROCE % | 2 | -6 | -4 | -5 | -2 | -44 | -37 | 93 | 21 | 15 |

## 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 | 62.86% | 62.86% | 62.85% | 62.85% | 33.29% | 33.29% | 33.29% | 33.29% | 33.29% | 33.29% | 33.29% | 33.29% |
| FIIs | 0% | 0% | 0% | 1.74% | 6.45% | 6.45% | 7.47% | 6.9% | 7.47% | 7.24% | 7.24% | 6.51% |
| 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 | 30.87% | 30.87% | 25.01% | 23.09% | 45.67% | 45.9% | 47.12% | 46.17% | 46.64% | 46.72% | 46.95% | 48.33% |
| Others | 6.27% | 6.27% | 12.13% | 12.32% | 14.58% | 14.36% | 12.12% | 13.64% | 12.6% | 12.75% | 12.51% | 11.87% |
| No. of Shareholders | 243 | 249 | 388 | 515 | 1350 | 1961 | 2508 | 2642 | 2792 | 2933 | 2936 | 3005 |

## 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 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 25.97 | Sell |
| EMA (10) | 25.59 | Sell |
| SMA (20) | 25.84 | Sell |
| EMA (20) | 26.15 | Sell |
| SMA (50) | 27.53 | Sell |
| EMA (50) | 27.74 | Sell |
| SMA (100) | 31.96 | Sell |
| EMA (100) | 29.91 | Sell |
| SMA (200) | 32.74 | Sell |
| EMA (200) | 31.52 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.45 | Neutral |
| MACD (12,26,9) | -0.73 | Sell |
| Stochastic (14,3,3) | 17.69 | Buy |
| ADX (14) | 24.21 | Neutral |
| Williams %R (14) | -87.25 | Buy |
| ATR (14) | 1.72 | High Volatility |
| ROC (12) | -6.08 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 37.65 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3bf4a87-ac65-4791-9649-0ec0ca742707.pdf) |
| 2026-09-05 | [Intimation For 80Th Annual General Meeting Scheduled To Be Held On Tuesday September 29 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce5b3e82-39d5-4ddb-9160-14b9901c5cf4.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac6fda12-2c9d-42c7-90e0-e7e3646a6af1.pdf) |
| 2026-09-05 | [Notice Of The AGM To Held On September 29 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b73f079-88d6-4cee-b73a-997bd331733b.pdf) |
| 2026-09-05 | [The Company Has Sent Letter To The Shareholder For AGM Whose Email Id Is Not Registered With RTA.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0d0b0ff-45c3-4bbb-b4ba-ac19f75ba540.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb7628b2-ef25-44f8-8117-a316de341999.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c307b5cd-0638-4e93-ba81-bb4f5b33097e.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fca8261-8f1e-4e68-b948-b051fba67cd6.pdf) |
| 2026-08-10 | [Board Meeting Intimation for Board Meeting To Consider Un-Audited Financials Result For June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ad9e63d-ee6c-47f0-8ed3-82a03577f3b0.pdf) |
| 2026-08-10 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0f5e830-bde9-49c0-81b1-ebf89d732780.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-26 | [Financial Results For Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbb16413-49fa-4759-8c53-9186810eff23.pdf) |
| 2026-02-12 | [Financial Results For Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8e1d05c-39b2-4324-b2c1-589ceb04d177.pdf) |
| 2025-11-13 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a46d8d60-dc17-434e-94c0-7fe4a09a1e91.pdf) |
| 2025-08-12 | [Outcome Of Board Meeting Of Modern Engineering And Projects Limited Held On August 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a45320b3-2653-4a13-9087-81d8534e32ab.pdf) |
| 2025-05-30 | [Outcome Of Board Meeting Of Modern Engineering And Projects Limited Held On May 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6010a01b-e367-4725-a981-3cfa8667be8a.pdf) |
| 2025-02-07 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ccd10d8-d124-43d6-8306-80abb06cdbdc.pdf) |
| 2024-10-30 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b87edf74-2da4-4113-a901-7a03f823c986.pdf) |
| 2024-07-15 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=244b0c1d-f33a-426f-bc60-4a4a0a99d4b9.pdf) |
| 2024-07-15 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5428906f-8c6b-4b19-b30d-60bb06fcb11c.pdf) |
| 2024-05-24 | [Financial Results For The Quarter And Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84ea9ff7-3579-461f-97fe-ddbe26131ce3.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Board meeting on 12 Feb 2026 to approve Q3 (31 Dec 2025) unaudited Ind AS results; trading window closed. | [Board Meeting Intimation for Please Refer Attached Intimation 9 Feb - Board meeting on 12 Feb 2026 to approve Q3 (31 Dec 2025) unaudited Ind AS results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/adea9133-77ff-4fa9-b217-da2a3ba1920c.pdf) |
| 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e019d1e-27f5-4122-9fb5-a362c4fd649f.pdf) |
| 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms it is not a Large Corporate as of 31 March 2026; outstanding borrowing was Rs 35.60 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e019d1e-27f5-4122-9fb5-a362c4fd649f.pdf) |
| 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals. | [Board Meeting Outcome for Board Meeting Outcome For The Meeting Held Today 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70e7cb64-380f-4827-a415-7d893d540de2.pdf) |
| 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals. | [Board Meeting Outcome for Board Meeting Outcome For The Meeting Held Today 29 Apr - Board on 29 Apr 2026 approved revision in remuneration payable to promoter Jashandeep Singh, subject to approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70e7cb64-380f-4827-a415-7d893d540de2.pdf) |
| 24 Mar - Appointed CS Devanshi K. Shah effective 24 Mar 2026; approved related-party ICD INR 9.5 crore. | [Appointment of Company Secretary and Compliance Officer 24 Mar - Appointed CS Devanshi K. Shah effective 24 Mar 2026; approved related-party ICD INR 9.5 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d4d64e8-273f-4fe2-83d0-9cce21630f2a.pdf) |
| 24 Mar - Appointed Company Secretary 24-Mar-2026; approved INR 9.5 crore related-party ICD; reconstituted Stakeholder Committee 13-Mar-2026. | [Board Meeting Outcome for For Board Meeting Held On 24/03/2026 24 Mar - Appointed Company Secretary 24-Mar-2026; approved INR 9.5 crore related-party ICD; reconstituted Stakeholder Committee 13-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c231aa5-dc2e-4667-b884-2f424b0eac88.pdf) |
| 23 Feb - Regulation 74(5) confirmation for Oct–Dec 2025; no shares dematerialised. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 23 Feb - Regulation 74(5) confirmation for Oct–Dec 2025; no shares dematerialised.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df847ba5-d016-4a99-88bc-0f3bd20ec808.pdf) |
| 18 Mar - Whole Time Director Jashandeep Singh resigned effective 13 March 2026. | [Board Meeting Outcome for For Meeting Held On 18Th March, 2026 18 Mar - Whole Time Director Jashandeep Singh resigned effective 13 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d05fc378-7792-4453-8e5e-c0c4f1742f3c.pdf) |
| 17 Feb - Newspaper Publication in English Language for Unaudited Financial Results for Quarter ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb - Newspaper Publication in English Language for Unaudited Financial Results for Quarter ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74856911-8dd4-47f4-aab0-751fafc39d57.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ff30567-aba8-4f04-9a53-6ce983d671a6.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ce89780-c186-4a92-adfa-c5c1220b155a.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abdbb8e8-e067-4272-9b15-57fcfe793e59.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/77111539762.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/68828539762.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/68073539762.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/5397620319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/5397620318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/5397620317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539762/5397620316.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 2026-09-13T19:40:03.714Z.