---
title: "Shanti Educational Initiatives Ltd (539921) — Share Price, Financials & Analysis"
symbol: "539921"
company: "Shanti Educational Initiatives Ltd"
canonical: "https://tapetide.com/stocks/539921"
isin: "INE440T01028"
nse_symbol: "SEIL"
bse_code: "539921"
sector: "Consumer Services"
industry: "Education"
market_cap_cr: 3101.66
generated_at: "2026-09-13T19:31:41.153Z"
---

# Shanti Educational Initiatives Ltd (539921)

Canonical page: https://tapetide.com/stocks/539921

## Company

- **NSE Symbol:** SEIL
- **BSE Code:** 539921
- **ISIN:** INE440T01028
- **Sector:** Consumer Services
- **Industry:** Education
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-06-14
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** sei.edu.in

## About

Shanti Educational Initiatives Ltd, a Chiripal Group venture, provides early-learning and K-12 education, preschool franchising, curriculum/training, school-management support and educational materials. [1] [2]

## Latest Price

- **Price:** ₹192.68
- **Change:** -2.34 (-1.2%)
- **Open:** ₹196.68
- **Day High:** ₹196.68
- **Day Low:** ₹191
- **Previous Close:** ₹195.02
- **Volume:** 123748
- **As Of:** 2026-09-11T10:01:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:54.213022Z.

- **Market Cap:** ₹3101.66 Cr
- **Classification:** Microcap
- **P/E (reported):** 541.8
- **P/E (TTM):** 535.22
- **EPS (TTM):** ₹0.36
- **Book Value:** ₹4.76
- **Price to Book:** 40.99
- **Dividend Yield:** 0%
- **ROE:** 7.6%
- **ROCE:** 10.51%
- **Debt to Equity:** 0.08
- **Revenue (yearly):** ₹59.4 Cr
- **Net Income:** ₹5.9 Cr
- **EBITDA:** ₹10 Cr
- **52-Week High:** ₹239.96
- **52-Week Low:** ₹172.9
- **RSI (14):** 36.85

## Tapetide Score

- **Score:** 39 / 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: Expensive · Momentum: Rising
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 88.32 | 9% |
| growth | 10.83 | 9% |
| momentum | 62.75 | 12% |
| ownership | 51.74 | 24% |
| quality | 32.41 | 22% |
| valuation | 14.04 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 40.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.17% over last 3 years.
- Earnings include an other income of Rs.3.77 Cr.
- Debtor days have increased from 66.7 to 110 days.
- Promoter holding has decreased over last 3 years: -14.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 93.89% | 82.88% | -108.84% |
| ebitda margin growth | 104.76% | -6.8% | -29.5% | — |
| net income growth | 180% | -16.9% | 20% | — |
| revenue growth | -33.47% | -6.01% | 70% | — |
| roce | 117.22% | -20.86% | 31.37% | — |
| roe | 187.76% | -23% | 7.73% | — |

## 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 | 4.52 | 3.19 | 2.9 | 9.83 | 9.77 | 20.55 | 18.84 | 15.16 | 11.42 | 5.83 | 23.17 | 16.3 |
| Expenses | 3.5 | 3.96 | 5.31 | 5.89 | 8.31 | 18.31 | 19.36 | 11.14 | 9.52 | 6.36 | 22.38 | 12.02 |
| Operating Profit | 1.02 | -0.77 | -2.41 | 3.94 | 1.46 | 2.24 | -0.52 | 4.02 | 1.9 | -0.53 | 0.79 | 4.28 |
| OPM % | 22.57 | -24.14 | -83.1 | 40.08 | 14.94 | 10.9 | -2.76 | 26.52 | 16.64 | -9.09 | 3.41 | 26.26 |
| Other Income | 1.55 | 0.9 | 1.26 | 0.25 | 2.58 | 0.4 | 1.16 | 0.11 | 2.14 | 0.26 | 1.34 | 0.03 |
| Interest | 0.07 | 0.04 | 0.08 | 0.05 | 0.08 | 0.01 | 0.31 | 0.11 | 0.12 | 0.15 | 0.25 | 0.14 |
| Depreciation | 0.09 | 0.08 | 0.19 | 0.14 | 0.31 | 0.18 | 0.64 | 0.38 | 0.45 | 0.48 | 0.32 | 0.41 |
| Profit before tax | 2.41 | 0.01 | -1.42 | 4 | 3.65 | 2.45 | -0.31 | 3.64 | 3.47 | -0.9 | 1.56 | 3.76 |
| Tax % | 40.25 | -1500 | -23.24 | 23 | 31.23 | 20.41 | 51.61 | 20.6 | 24.78 | -32.22 | 36.54 | 25 |
| Net Profit | 1.44 | 0.17 | -1.09 | 3.09 | 2.5 | 1.95 | -0.47 | 2.9 | 2.62 | -0.61 | 0.98 | 2.82 |
| EPS in Rs | 0.09 | 0.01 | -0.07 | 0.19 | 0.16 | 0.12 | -0.03 | 0.18 | 0.16 | -0.04 | 0.06 | 0.18 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 10.99 | 18.41 | 57.96 | 54.27 | 56.72 |
| Expenses | 10.58 | 16.66 | 50.71 | 48.09 | 50.28 |
| Operating Profit | 0.41 | 1.75 | 7.25 | 6.18 | 6.44 |
| OPM % | 3.73 | 9.51 | 12.51 | 11.39 | 11.35 |
| Other Income | 4.83 | 3.96 | 4.26 | 3.85 | 3.77 |
| Interest | 0.3 | 0.32 | 0.45 | 0.63 | 0.66 |
| Depreciation | 0.22 | 0.43 | 1.28 | 1.62 | 1.66 |
| Profit before tax | 4.72 | 4.96 | 9.78 | 7.78 | 7.89 |
| Tax % | 28.6 | 26.41 | 27.81 | 24.16 | — |
| Net Profit | 3.37 | 3.65 | 7.06 | 5.89 | 5.81 |
| EPS in Rs | 0.21 | 0.23 | 0.44 | 0.37 | 0.36 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 16.1 | 16.1 | 16.1 | 16.1 |
| Reserves | 44.21 | 47.62 | 54.66 | 60.51 |
| Borrowings | 2.2 | 1.53 | 7.96 | 5.93 |
| Other Liabilities | 4.5 | 4.15 | 12.65 | 18.51 |
| Total Liabilities | 67.01 | 69.4 | 91.37 | 101.05 |
| Fixed Assets | 18.15 | 19.19 | 22.45 | 22.68 |
| CWIP | 0 | 0.11 | 0 | 0.05 |
| Investments | 9.32 | 9.43 | 9.36 | 9.55 |
| Other Assets | 39.54 | 40.67 | 59.56 | 68.77 |
| Total Assets | 67.01 | 69.4 | 91.37 | 101.05 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.46 | -1.11 | -3.11 | -0.19 |
| Cash from Investing Activity | 1.46 | 0.32 | -1.27 | 1.29 |
| Cash from Financing Activity | -0.91 | -0.93 | 6.47 | -2.66 |
| Net Cash Flow | 1.01 | -1.72 | 2.09 | -1.55 |
| Free Cash Flow | 0.21 | -2.58 | -7.56 | -2.09 |
| CFO/OP | 402 | 9 | -8 | 31 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 65.76 | 30.53 | 59.7 | 109.83 |
| Inventory Days | 260.47 | 233.06 | 113.14 | 304.58 |
| Days Payable | 87.39 | 49.32 | 77.92 | 315.23 |
| Cash Conversion Cycle | 238.83 | 214.27 | 94.91 | 99.19 |
| Working Capital Days | 67.75 | 37.47 | 24.94 | 50.17 |
| ROCE % | — | 8.27 | 14.11 | 10.32 |

## 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 | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 64.46% | 62.36% | 52.24% | 49.89% | 49.89% |
| FIIs | 18.84% | 19.01% | 19.01% | 18.62% | 18.53% | 18.53% | 18.46% | 18.46% | 21.85% | 22.5% | 24.64% | 25.67% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.16% | 0.16% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 5.6% | 5.59% | 5.66% | 5.55% | 5.76% | 5.87% | 6% | 5.72% | 4.84% | 12.62% | 13.06% | 12.86% |
| Others | 11.09% | 10.94% | 10.87% | 11.36% | 11.25% | 11.14% | 11.07% | 11.35% | 10.94% | 12.48% | 12.24% | 11.59% |
| No. of Shareholders | 2135 | 2189 | 2775 | 2368 | 3377 | 3375 | 3759 | 4010 | 4226 | 5966 | 6725 | 6931 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 4 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 199.02 | Sell |
| EMA (10) | 198.69 | Sell |
| SMA (20) | 203.9 | Sell |
| EMA (20) | 201.7 | Sell |
| SMA (50) | 207.12 | Sell |
| EMA (50) | 203.83 | Sell |
| SMA (100) | 203.68 | Sell |
| EMA (100) | 199.09 | Sell |
| SMA (200) | 188.15 | Buy |
| EMA (200) | 182.2 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.05 | Neutral |
| MACD (12,26,9) | -3.21 | Sell |
| Stochastic (14,3,3) | 14.18 | Buy |
| ADX (14) | 15.67 | Neutral |
| Williams %R (14) | -88.75 | Buy |
| ATR (14) | 6.97 | High Volatility |
| ROC (12) | -8.97 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 41.65 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Letter To Shareholder Containing Weblink And Exact Path For Accessing Annual Report And Notice Of 38Th Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=855aaa32-1399-4f55-aec7-f778ae05ee8f.pdf) |
| 2026-08-30 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4a330e4-c73a-4a26-9193-c409fa5bdc41.pdf) |
| 2026-08-29 | [Notice Of 38Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1ad1802-d69b-45e3-a9fb-8d09ab0954fc.pdf) |
| 2026-08-29 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c834cde-0942-47d8-927a-74b894762cd1.pdf) |
| 2026-08-29 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=beeee9a1-4eeb-4f42-8c36-da7c722a1097.pdf) |
| 2026-08-29 | [Intimation Of Record Date/Cut-Off Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23b5802c-dd7d-4755-8587-764a5cea0d00.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7fd7a16-b7b3-4fb6-82a9-8ee9d53bfe1a.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60786660-d276-4e22-9873-72e836eb7d67.pdf) |
| 2026-08-11 | [Board Meeting Outcome for Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99c587fe-0643-427d-92e0-0eb099ee5f38.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=351fee69-4bc0-4d24-ad80-36970738deeb.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Approval Of Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=116ee4b0-3874-42c1-8f91-8ae2bfb844d8.pdf) |
| 2026-05-21 | [Approval Of Audited Financial Results (Standalone & Consolidated) For The Quarter And Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abf1cc69-421c-40a4-aa41-f143a23131ab.pdf) |
| 2026-02-10 | [Results - Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended On December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c822f75-c45c-44ce-bb9a-d2cdbb1cf3be.pdf) |
| 2025-10-17 | [Financial Results For The Quarter Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=245daeb7-5191-47f0-b5ab-f62aadfa163b.pdf) |
| 2025-08-07 | [Unaudited Financial Results For The Quarter Ended On June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0e8be54-921b-4cee-a3a7-833448dce98d.pdf) |
| 2025-05-21 | [Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31-03-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=044e7afa-e053-47b7-b885-55aee321528f.pdf) |
| 2025-02-05 | [Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d769c34d-1b22-4f3b-a5c2-18a8b550ea8f.pdf) |
| 2024-12-14 | [Submission Of Revised Financial Results For Quarter And Half Year Ended 30Th September, 2024 Along With Limited Review Report After Corrections Of Clerical Error.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6790552b-ea13-444c-bd53-cd99b9989770.pdf) |
| 2024-11-14 | [Standalone And Consolidated Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2024<BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1472e342-095a-4447-a22e-2275740c022c.pdf) |
| 2024-07-26 | [Un-Audited Financial Results For The Quarter Ended 30.06.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7ce37a2-f7d0-43f1-92fc-7790d363e606.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Mar 2020 - Communication dated 05.03.2020, please find enclosed copies of Notice regarding formation of Grievance Redressal Committee for addressing objections on the Share Exchange Ratio and fixation … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Mar 2020 - Communication dated 05.03.2020, please find enclosed copies of Notice regarding formation of Grievance Redressal Committee for addressing objections on the Share Exchange Ratio and fixation …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80b45d84-b10b-4e34-8b2a-cb68a381fee7.pdf) |
| 6 Apr - Postal ballot on 4 Apr 2026 approved object clause change and Susanta Kumar Panda’s reappointment. | [Announcement under Regulation 30 (LODR)-Meeting Updates 6 Apr - Postal ballot on 4 Apr 2026 approved object clause change and Susanta Kumar Panda’s reappointment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e28be8f0-dadd-46f1-bded-e4eb3aadf7c5.pdf) |
| 26 Feb - Promoters Ronak and Urmiladevi Chiripal sold 10,62,000 shares (0.66%) on 23–24 Feb 2026. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 26 Feb - Promoters Ronak and Urmiladevi Chiripal sold 10,62,000 shares (0.66%) on 23–24 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2265B614_EFCC_402C_B862_BAE55909EC8F_111714.pdf) |
| 21 Mar 2020 - Communication dated 19.03.2020, please find enclosed copies of Notice regarding the Grievance Redressal Committee''s Report on the objections of shareholders on the Share Exchange Ratio … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Mar 2020 - Communication dated 19.03.2020, please find enclosed copies of Notice regarding the Grievance Redressal Committee''s Report on the objections of shareholders on the Share Exchange Ratio …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e542de4-533a-4ce5-8632-b4219905d156.pdf) |
| 20 Mar - Chiripal Family entered inter-se voting agreement dated March 17, 2026; company not party; promoter shareholdings disclosed. | [Disclosure under Regulation 30A of LODR 20 Mar - Chiripal Family entered inter-se voting agreement dated March 17, 2026; company not party; promoter shareholdings disclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84432e3c-03fc-480c-8691-6a535423738b.pdf) |
| 2 Mar - Board approved slump sale; Transferee to issue 9,41,56,561 shares (INR94.16Cr); amalgamation with Grew Energy. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 2 Mar - Board approved slump sale; Transferee to issue 9,41,56,561 shares (INR94.16Cr); amalgamation with Grew Energy.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a201ae49-d2d4-41ae-a2bc-71de64a0f53e.pdf) |
| 2 Mar - Board approved slump sale and composite scheme; Transferee to issue 9,41,56,561 shares (INR94.16 crore); subject to approvals. | [Board Meeting Outcome for Board Meeting Outcome Dated 02.03.2026 2 Mar - Board approved slump sale and composite scheme; Transferee to issue 9,41,56,561 shares (INR94.16 crore); subject to approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/23cf791e-597e-4d7c-a32e-f440ca16d8bf.pdf) |
| 2 Mar - 02-Mar-2026: GREW Energy to merge Shanti Educational; SEIL shareholders get 100 GEPL shares per 212 SEIL shares. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 2 Mar - 02-Mar-2026: GREW Energy to merge Shanti Educational; SEIL shareholders get 100 GEPL shares per 212 SEIL shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4a2ded7-65d6-4c53-bd56-7db8bbcb67e3.pdf) |
| 2 Feb - Board meeting Feb 10, 2026 to approve Q3 (Dec 31, 2025) unaudited results; trading window closed. | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended On December 31, 2025 2 Feb - Board meeting Feb 10, 2026 to approve Q3 (Dec 31, 2025) unaudited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfd082ea-45f1-42be-8c25-9533d883dbe3.pdf) |
| 17 Jan - Issued letter of comfort for Uniformverse's Rs.49.90 million ICICI Bank credit facility on Jan 17, 2026. | [Disclosure Under Reg 30 Of SEBI (LODR) - Letter Of Comfort 17 Jan - Issued letter of comfort for Uniformverse's Rs.49.90 million ICICI Bank credit facility on Jan 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6e50278-8209-49db-bfc1-88f83a6c5460.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_ORIENTBANK_2009_2010_04102010120000.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d442e068-1e7d-4073-a01f-aaf4b4ce5b74.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d263a64c-8c17-4db5-9a9c-0bd301dd2eea.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d997458b-edb3-448e-a863-3be820fde719.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539921/76844539921.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539921/70905539921.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539921/68024539921.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500315/5003150319.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539921/5399210319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500315/5003150318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64f062e7-d6b0-49ab-9dbd-3a966d4c382a.pdf) |
| Jul 2019 | [Concall - Jul 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af1787e0-603e-45de-ad47-a34396c6b930.pdf) |
| Jul 2019 | [Concall - Jul 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b7ac37a-9dc6-4c31-a1e2-3b98a777957e.pdf) |
| Jan 2020 | [Concall - Jan 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da9c7202-c035-4ef8-b5c8-36e65370f7f0.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/eeb6a575-7665-43e2-af8c-abea0f461fad.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 2026-09-13T19:31:41.153Z.