---
title: "Santosh Industries Ltd (540822) — Share Price, Financials & Analysis"
symbol: "540822"
company: "Santosh Industries Ltd"
canonical: "https://tapetide.com/stocks/540822"
isin: "INE576C01017"
bse_code: "540822"
generated_at: "2026-10-13T11:00:07.811Z"
---

# Santosh Industries Ltd (540822)

Canonical page: https://tapetide.com/stocks/540822

## Company

- **BSE Code:** 540822
- **ISIN:** INE576C01017
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** santoshindustrieslimited.in

## About

Santosh Industries Limited is dealing and making investment in shares & securities and mutual funds, granting loans and carrying on all other NBFC activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.40 times its book value

### Weaknesses

- The company has delivered a poor sales growth of -19.2% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.79% over last 3 years.
- Dividend payout has been low at 3.84% of profits over last 3 years

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -10% | -24% | 6% |
| revenue growth | -13% | -25% | -19% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.99 | 4.78 | 3.42 | 2.77 | 14.77 | 4.76 | 4.58 | 4.53 | -1.01 | 12.42 | 6.43 | 7 |
| Expenses | 0.35 | 0.28 | 0.26 | 0.48 | 0.44 | 2.85 | 0.4 | 0.29 | 0.21 | 1.87 | 0.64 | 0.31 |
| Operating Profit | 3.64 | 4.5 | 3.16 | 2.29 | 14.33 | 1.91 | 4.18 | 4.24 | -1.22 | 10.55 | 5.79 | 6.69 |
| OPM % | 91.23 | 94.14 | 92.4 | 82.67 | 97.02 | 40.13 | 91.27 | 93.6 | — | 84.94 | 90.05 | 95.57 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | -4.98 | 0.03 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.07 | 0.07 | 0.07 |
| Profit before tax | 3.63 | 4.49 | 3.15 | 2.28 | 14.29 | 1.89 | 4.13 | 4.19 | -1.27 | 5.5 | 5.75 | 6.62 |
| Tax % | 0 | 0 | 0 | 0 | 14.14 | 35.98 | 7.51 | 0 | 0 | 8.18 | 12.7 | 11.48 |
| Net Profit | 3.63 | 4.49 | 3.15 | 2.28 | 12.27 | 1.21 | 3.83 | 4.19 | -1.27 | 5.06 | 5.03 | 5.86 |
| EPS in Rs | — | — | — | — | 25.48 | 2.51 | 7.95 | 8.7 | -2.64 | 10.51 | 10.45 | 12.17 |

### Profit & Loss

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 72 | 63 | 110 | 51 | 24 | 24 | 22 | 25 |
| Expenses | 57 | 53 | 86 | 19 | 4 | 3 | 8 | 3 |
| Operating Profit | 15 | 10 | 24 | 32 | 20 | 22 | 14 | 22 |
| OPM % | 21 | 16 | 22 | 63 | 84 | 89 | 63 | 88 |
| Other Income | 0 | 0 | 2 | 0 | 0 | 0 | -5 | -5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 15 | 10 | 26 | 32 | 20 | 22 | 8 | 17 |
| Tax % | 16 | 9 | 15 | 15 | 10 | 12 | 10 | — |
| Net Profit | 13 | 9 | 22 | 27 | 18 | 19 | 8 | 15 |
| EPS in Rs | — | — | — | — | — | 39.4 | 15.85 | 30.49 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 3 | 3 | 6 | — |

### Balance Sheet

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 254 | 264 | 285 | 313 | 329 | 348 | 354 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 1 | 5 | 0 |
| Total Liabilities | 259 | 268 | 290 | 318 | 335 | 358 | 359 |
| Fixed Assets | 0 | 0 | 0 | 0 | 15 | 22 | 22 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 192 | 191 | 248 | 277 | 280 | 284 | 301 |
| Other Assets | 67 | 78 | 42 | 41 | 40 | 52 | 37 |
| Total Assets | 259 | 268 | 290 | 318 | 335 | 358 | 359 |

### Cash Flow

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -1 | 32 | 0 | 8 | 0 | 31 |
| Cash from Investing Activity | — | 1 | -47 | 0 | -11 | 1 | -20 |
| Cash from Financing Activity | — | 0 | 0 | 0 | 0 | -1 | -1 |
| Net Cash Flow | — | 0 | -15 | 0 | -3 | 0 | 10 |
| Free Cash Flow | — | -1 | 32 | 0 | 8 | 0 | 31 |
| CFO/OP | — | -1 | 148 | 0 | 50 | 13 | 234 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 6 | 0 | 0 | 38 | 10 | 0 | 9 |
| Inventory Days | 186 | 264 | 65 | 274 | 1519 | — | 363 |
| Days Payable | 0 | 0 | 0 | 0 | 0 | — | 0 |
| Cash Conversion Cycle | 191 | 264 | 65 | 312 | 1529 | 0 | 372 |
| Working Capital Days | 226 | 322 | 116 | 268 | 590 | 692 | 439 |
| ROCE % | — | 4 | 9 | 11 | 6 | 6 | 4 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- |
| Promoters | 69.41% | 73.96% | 99.33% |
| Public | 30.59% | 26.04% | 0.67% |
| No. of Shareholders | 117 | 133 | 63 |

### Quarterly

| Category | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.41% | 69.41% | 73.96% | 73.96% | 73.96% | 73.96% | 73.96% | 99.33% |
| Public | 30.59% | 30.59% | 26.04% | 26.04% | 26.04% | 26.04% | 26.04% | 0.67% |
| No. of Shareholders | 117 | 117 | 112 | 130 | 128 | 133 | 128 | 63 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.4 | Sell |
| EMA (10) | 10.32 | Sell |
| SMA (20) | 10.04 | Buy |
| EMA (20) | 10.11 | Buy |
| SMA (50) | 9.59 | Buy |
| EMA (50) | 10.02 | Buy |
| SMA (100) | 10.53 | Sell |
| EMA (100) | 10.56 | Sell |
| SMA (200) | 12.41 | Sell |
| EMA (200) | 11.84 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.32 | Neutral |
| MACD (12,26,9) | 0.26 | Buy |
| Stochastic (14,3,3) | 40.27 | Neutral |
| ADX (14) | 19.55 | Neutral |
| Williams %R (14) | -66.42 | Neutral |
| ATR (14) | 0.89 | High Volatility |
| ROC (12) | 5.38 | Buy |
| Stoch RSI (14) | 14.73 | Buy |
| UO (7,14,28) | 52.91 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a06a50d-5b13-4192-89a2-b4604a23785e.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/574fdeab-7e1d-4365-8ba4-702672f18ccb.pdf) |
| 2026-02-09 | [General Update With Reference To PGIL/SE/2025-26/67](https://www.bseindia.com/xml-data/corpfiling/AttachHis/819f9d05-af08-4ace-ba58-d2f3f8991b04.pdf) |
| 2026-02-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ad8f985-71eb-4490-8219-ea32be27389b.pdf) |
| 2026-02-07 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec4ed9c7-46eb-40ae-b888-1b53ef63dec4.pdf) |
| 2026-02-06 | [Please Find Attached Unaudited Results For Quarter And Half Year Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2d8ff0e-49c2-4171-8a44-3c70a640fdd9.pdf) |
| 2019-11-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff873734-5b65-4390-b6ad-bd0230aa49e0.pdf) |
| 2019-11-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3085f7d-45f4-474f-9419-3f08778bf147.pdf) |
| 2019-11-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff873734-5b65-4390-b6ad-bd0230aa49e0.pdf) |
| 2019-11-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3085f7d-45f4-474f-9419-3f08778bf147.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbc0dcd7-5c11-4c76-93c7-ffba2daaf41f.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6dba4fa5-f7e0-4441-9e7a-a354a3ced747.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4e0cf02-beee-46a7-af70-290ff259bc5e.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532808/75209532808.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532808/70479532808.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532808/67415532808.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/540822/5408220319.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532808/5328080319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/540822/5408220318.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532808/5328080318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/574fdeab-7e1d-4365-8ba4-702672f18ccb.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bc71fab-7c08-4c0e-bfa5-5b299f5328a2.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8a4225f-8eeb-4228-8568-e93f5d2de62e.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ba492da-392d-4614-9c47-9344ef2ec533.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f59e2120-ed85-4c7d-944f-f1be3ec4bea2.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9932d94-58ab-4bd1-b3ef-5c2831b9cf22.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba326dab-8a2b-4e1c-b557-d881f6bf6625.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/997d3bcb-df20-4608-9e29-fd4be142af3f.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1db9d92b-1076-421d-92d0-ff1e654c40d2.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd2627cb-5c46-4059-9dc1-0ccc61e23b89.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-01-28 | Credit rating update — ICRA |
| 2025-09-19 | Credit rating update — ICRA |
| 2024-11-26 | Credit rating update — ICRA |
| 2024-09-03 | Credit rating update — ICRA |
| 2023-08-30 | Credit rating update — ICRA |
| 2021-08-30 | Credit rating update — ICRA |

---

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 2026-10-13T11:00:07.811Z.