---
title: "Innovators Facade Systems Ltd (541353) — Share Price, Financials & Analysis"
symbol: "541353"
company: "Innovators Facade Systems Ltd"
canonical: "https://tapetide.com/stocks/541353"
isin: "INE870Z01015"
nse_symbol: "INNOVATORSFACADESYSTEMSLTD"
bse_code: "541353"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 215.1
generated_at: "2026-09-13T20:15:57.300Z"
---

# Innovators Facade Systems Ltd (541353)

Canonical page: https://tapetide.com/stocks/541353

## Company

- **NSE Symbol:** INNOVATORSFACADESYSTEMSLTD
- **BSE Code:** 541353
- **ISIN:** INE870Z01015
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2018-05-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** innovators.in

## About

Incorporated in 1999, Innovators Façade  Systems Ltd is in the Business of design, engineering, fabrication, supply, and installation 
of facade systems[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:07.274477Z.

- **Market Cap:** ₹215.1 Cr
- **Classification:** SME
- **P/E (reported):** 15.9
- **EPS (reported):** ₹8.09
- **Book Value:** ₹92.84
- **Price to Book:** 1.23
- **Dividend Yield:** 0%
- **ROE:** 7.75%
- **ROCE:** 14.21%
- **Debt to Equity:** 0.26
- **Revenue (yearly):** ₹230.5 Cr
- **Net Income:** ₹13.6 Cr
- **EBITDA:** ₹31.5 Cr
- **52-Week High:** ₹234.6
- **52-Week Low:** ₹102
- **RSI (14):** 45.12

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.91 | 9% |
| growth | 40.02 | 9% |
| momentum | 26.62 | 12% |
| ownership | 50 | 24% |
| quality | 59.76 | 22% |
| valuation | 35.99 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company's working capital requirements have reduced from 55.0 days to 30.6 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.79% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 23.62% | 281.07% |
| ebitda margin growth | -98.56% | -13.77% | -6.51% | 3.88% |
| net income growth | -97.89% | -15% | 17% | 73% |
| revenue growth | -94.7% | 2.63% | 8% | 28% |
| roce | — | -19.58% | -19.4% | 12.99% |
| roe | — | -21.8% | 9.38% | 491.6% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 31 | 35 | 30 | 59 | 72 | 109 | 100 | 115 | 114 | 107 | 84 | 144 |
| Expenses | 27 | 30 | 25 | 54 | 65 | 98 | 89 | 98 | 97 | 92 | 71 | 128 |
| Operating Profit | 4 | 4 | 5 | 6 | 7 | 11 | 11 | 17 | 17 | 16 | 13 | 16 |
| OPM % | 13 | 13 | 16 | 10 | 10 | 10 | 11 | 15 | 15 | 14 | 15 | 11 |
| Other Income | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
| Interest | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 5 | 5 | 4 | 3 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | -1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 0 | 1 | 0 | 1 | 1 | 9 | 7 | 13 | 11 | 11 | 7 | 12 |
| Tax % | -103 | 76 | -54 | -17 | -4 | 16 | 26 | 23 | 23 | 27 | 27 | 29 |
| Net Profit | 1 | 0 | 0 | 1 | 1 | 7 | 5 | 10 | 8 | 8 | 5 | 8 |
| EPS in Rs | 0.42 | 0.07 | 0.2 | 0.65 | 0.61 | 3.85 | 2.68 | 5.41 | 4.42 | 4.07 | 2.78 | 4.41 |

### Profit & Loss

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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 100 | 154 | 157 | 141 | 66 | 89 | 181 | 215 | 221 | 228 |
| Expenses | 91 | 133 | 136 | 126 | 57 | 78 | 163 | 186 | 189 | 199 |
| Operating Profit | 9 | 22 | 21 | 16 | 8 | 11 | 18 | 29 | 32 | 28 |
| OPM % | 9 | 14 | 13 | 11 | 13 | 12 | 10 | 13 | 15 | 13 |
| Other Income | 2 | 1 | -6 | -15 | 1 | 1 | 1 | 3 | 3 | 3 |
| Interest | 6 | 9 | 5 | 5 | 4 | 5 | 6 | 8 | 9 | 8 |
| Depreciation | 2 | 2 | 2 | 4 | 4 | 6 | 3 | 4 | 5 | 5 |
| Profit before tax | 3 | 12 | 8 | -8 | 1 | 1 | 10 | 20 | 21 | 19 |
| Tax % | 86 | 32 | 39 | -2 | 6 | -24 | 13 | 24 | 25 | 28 |
| Net Profit | 0 | 8 | 5 | -8 | 1 | 2 | 8 | 15 | 16 | 14 |
| EPS in Rs | 0.41 | 6 | 2.46 | -4.25 | 0.49 | 0.85 | 4.46 | 8.09 | 8.49 | 7.19 |
| Dividend Payout % | 0 | 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 | 10 | 13 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 49 | 73 | 109 | 101 | 101 | 103 | 111 | 127 | 143 | 156 |
| Borrowings | 60 | 51 | 49 | 43 | 25 | 33 | 39 | 43 | 61 | 45 |
| Other Liabilities | 33 | 43 | 35 | 22 | 19 | 34 | 86 | 82 | 59 | 138 |
| Total Liabilities | 152 | 180 | 211 | 184 | 164 | 189 | 255 | 271 | 281 | 359 |
| Fixed Assets | 15 | 13 | 24 | 29 | 37 | 40 | 47 | 63 | 64 | 63 |
| CWIP | 0 | 0 | 5 | 0 | 0 | 2 | 0 | 0 | 0 | 4 |
| Investments | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Other Assets | 122 | 152 | 166 | 140 | 112 | 132 | 192 | 192 | 201 | 275 |
| Total Assets | 152 | 180 | 211 | 184 | 164 | 189 | 255 | 271 | 281 | 359 |

### 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 | 9 | 0 | -4 | 13 | 27 | 10 | 16 | 31 | 3 | 38 |
| Cash from Investing Activity | -1 | -9 | -20 | -4 | -6 | -14 | -15 | -23 | -10 | -20 |
| Cash from Financing Activity | -5 | 2 | 26 | -11 | -22 | 4 | -1 | -4 | 8 | -23 |
| Net Cash Flow | 3 | -7 | 2 | -2 | 0 | 0 | 0 | 3 | 1 | -5 |
| Free Cash Flow | 7 | -1 | -23 | 10 | 15 | 0 | 7 | 11 | -3 | 30 |
| CFO/OP | 78 | 11 | 3 | 98 | 328 | 85 | 98 | 124 | 14 | 147 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 136 | 154 | 125 | 93 | 168 | 90 | 70 | 63 | 90 | 67 |
| Inventory Days | 218 | 129 | 177 | 196 | 307 | 424 | 312 | 230 | 183 | 271 |
| Days Payable | 132 | 92 | 127 | 96 | 170 | 191 | 223 | 150 | 98 | 196 |
| Cash Conversion Cycle | 221 | 192 | 175 | 193 | 305 | 323 | 159 | 142 | 175 | 142 |
| Working Capital Days | 161 | 137 | 173 | 165 | 295 | 210 | 93 | 64 | 70 | 31 |
| ROCE % | 8 | 16 | 13 | 8 | 3 | 4 | 10 | 16 | 15 | 12 |

## 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 | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% | 63.71% |
| FIIs | 0% | 0% | 0.04% | 0.04% | 0% | 0% | 0% | 0% | 0% | 0.27% | 0.27% | 0.27% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.22% | 0.22% | 1.12% | 1.12% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.51% | 29.42% | 28.96% | 29.21% | 28.68% | 28.4% | 28.88% | 28.84% | 28.17% | 27.88% | 27.62% | 27.13% |
| Others | 6.78% | 6.87% | 7.29% | 7.04% | 7.62% | 7.9% | 7.42% | 7.45% | 7.9% | 7.93% | 7.29% | 7.78% |
| No. of Shareholders | 1236 | 1266 | 1312 | 1535 | 1499 | 1568 | 1740 | 1832 | 1789 | 1744 | 1673 | 1756 |

## 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 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 114.71 | Sell |
| EMA (10) | 114.8 | Sell |
| SMA (20) | 114.99 | Sell |
| EMA (20) | 115.52 | Sell |
| SMA (50) | 117.1 | Sell |
| EMA (50) | 118.68 | Sell |
| SMA (100) | 128.33 | Sell |
| EMA (100) | 126.88 | Sell |
| SMA (200) | 147.09 | Sell |
| EMA (200) | 143.64 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.62 | Neutral |
| MACD (12,26,9) | -1.03 | Sell |
| Stochastic (14,3,3) | 39.84 | Neutral |
| ADX (14) | 14.29 | Neutral |
| Williams %R (14) | -62.21 | Neutral |
| ATR (14) | 4.6 | High Volatility |
| ROC (12) | -3.35 | Sell |
| Stoch RSI (14) | 9.86 | Buy |
| UO (7,14,28) | 48.07 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08632cf1-e6f6-49d0-9fcc-ec582a4668d7.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95e946ad-c094-4f29-bb2f-fbde8c347b5e.pdf) |
| 2026-08-27 | [Notice Of Annual General Meeting Along With Annual Report For FY 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b72c413-ee4b-49cb-8255-ead09bbb19fb.pdf) |
| 2026-08-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0109bdab-e64e-404e-93d1-5d3e518a6139.pdf) |
| 2026-08-27 | [Intimation For 27Th Annual General Meeting (AGM) Book Closure Fixation Of Cut-Off Date For E-Voting Period Of Remote E-Voting And Submission Of Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0843fae-31f9-4214-b5c3-ea69cf0dcda8.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E 25Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95386bbf-bbbd-4c19-be81-f0a52f866e66.pdf) |
| 2026-08-06 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34eb10bd-ef6b-4463-bf4e-c1250f09d076.pdf) |
| 2026-08-06 | [Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db0d5c14-f1d9-4eaf-b29c-a2cc265e5337.pdf) |
| 2026-07-16 | [Intimation Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The SEBI Listing Regulations](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6522545-5f8b-4cf7-8698-2c3e295765f8.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1578e8d3-43e2-4f01-834c-9a171a6b2d85.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Audited Financial Results For Half Year And Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9299bab1-7474-4453-9a1d-66f429d2bcb7.pdf) |
| 2026-05-30 | [Audited Financial Results For Half Year And Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6a35f26-e6c4-4294-8187-ef21c411643f.pdf) |
| 2025-11-12 | [Results- Financial Results For The Half Year Ended 30 September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72117a0d-d3d1-4371-8a34-cde4b1b14fe2.pdf) |
| 2025-05-30 | [Results - Financial Results For The Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0f5a88a-6257-4b3a-8062-3065d7c0cc03.pdf) |
| 2024-11-12 | [Results - Financial Results For The Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=331f9672-33e4-4f24-af2e-52be9cd786a1.pdf) |
| 2024-05-27 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, 27Th May, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df41e031-5cc1-4e82-b239-0a4f27c32ccd.pdf) |
| 2024-05-27 | [Results - Financial Results For The Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbe638a2-f441-48d4-8b37-261ffe6f2a93.pdf) |
| 2023-11-09 | [Results - Financial Results For September 30Th, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1da9951b-2923-46b3-a0bd-500a58b854a5.pdf) |
| 2023-06-08 | [Results - Financials Results For The Period March 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38a2982a-5416-4b96-97f0-84cfe8cb2f6b.pdf) |
| 2023-05-29 | [Results- Financial Results For The Year Ended 31St March, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90203830-e5ba-469e-915f-0e6ffaf1ce08.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - PNB participated in Goldman Sachs Asia Financials Corporate Day on 23 Feb 2026; only public information shared. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 9h - PNB participated in Goldman Sachs Asia Financials Corporate Day on 23 Feb 2026; only public information shared.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/91c5b613-809b-45fb-aa14-395980b5928f.pdf) |
| 5 May - Received ₹84.84 crore façade works order from Reliance Industries for Anant Vilas Project, BKC, to execute in one year. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 May - Received ₹84.84 crore façade works order from Reliance Industries for Anant Vilas Project, BKC, to execute in one year.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c989fd07-6504-412f-a5ee-e3eb1a803824.pdf) |
| 3h - PNB to attend Kotak 'Chasing Growth 2026' investor meetings in Mumbai on 26 Feb 2026 from 12:00pm. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3h - PNB to attend Kotak 'Chasing Growth 2026' investor meetings in Mumbai on 26 Feb 2026 from 12:00pm.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f791c5c-b0ea-429d-b3ab-79db05bb8817.pdf) |
| 31 Jan - Sunil Agrawal superannuates 31-Jan-2026; Mrityunjay promoted to CGM, Zonal Office Lucknow effective 01-Feb-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 31 Jan - Sunil Agrawal superannuates 31-Jan-2026; Mrityunjay promoted to CGM, Zonal Office Lucknow effective 01-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e92b3f0b-ecbf-4848-985b-7857a0936598.pdf) |
| 31 Jan - PNB MCLRs unchanged effective 01.02.2026; RLLR 8.10% and Base Rate 9.50% unchanged. | [Change In Interest Rate 31 Jan - PNB MCLRs unchanged effective 01.02.2026; RLLR 8.10% and Base Rate 9.50% unchanged.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb63724c-5bcc-4eaa-a2a6-ce8e59a78786.pdf) |
| 3 Mar - Shri Debasish Gangopadhyay appointed PNB Zonal Manager, Guwahati effective 02.03.2026; previously Chairman, RRB Assam Gramin Vikash Bank. | [Announcement under Regulation 30 (LODR)-Change in Management 3 Mar - Shri Debasish Gangopadhyay appointed PNB Zonal Manager, Guwahati effective 02.03.2026; previously Chairman, RRB Assam Gramin Vikash Bank.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6fdd21e9-37cf-4afe-8738-8cfe6a192bb1.pdf) |
| 29 Jan - Newspaper publication for publication of notice of Postal Ballot and to provide information on remote e-voting facility to the members of the Company. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jan - Newspaper publication for publication of notice of Postal Ballot and to provide information on remote e-voting facility to the members of the Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/102fdc34-9228-4527-8926-a7caa6f3d320.pdf) |
| 28 Apr - Received ₹76.82 crore facade works order from Lodha Developers for Worli Sea Face project, to complete in 2 years. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 28 Apr - Received ₹76.82 crore facade works order from Lodha Developers for Worli Sea Face project, to complete in 2 years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7522d3c7-bf80-4fc7-ad87-70855d2bc21a.pdf) |
| 28 Apr - Received ₹76.82 crore facade works order from Lodha Developers for Worli Sea Face project, to complete in 2 years. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 28 Apr - Received ₹76.82 crore facade works order from Lodha Developers for Worli Sea Face project, to complete in 2 years.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7522d3c7-bf80-4fc7-ad87-70855d2bc21a.pdf) |
| 27 Feb - Shri Vinay Kumar appointed Chairman (Scale VII) of Assam Gramin Vikash Bank, effective 27-Feb-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 27 Feb - Shri Vinay Kumar appointed Chairman (Scale VII) of Assam Gramin Vikash Bank, effective 27-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf844d64-3ba5-4855-88d3-8c6493714387.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ca40325-c3a5-4c2a-b5aa-8916addd47aa.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6408c7a4-528d-4f56-a134-61fe3b2596e1.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f13d2b3-01a9-435a-82bd-ae9d74e3c5fb.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be27a121-a149-46aa-b22f-bb70af764242.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=020CCCCE_1D30_4468_A796_2FEC81B065C6_180423.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4fd37f0e-5f4d-4412-ae73-ed2a88e3e657.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/536633d8-b171-48dc-8047-52bfaaf20450.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/edee5698-5dee-4fe2-8cb7-d8d10c4b1157.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/c68543c8-3b24-40db-b8a9-b018fd78e288.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82e8719a-f898-4616-b2bf-2d0479af8e5b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_PNB_2011_2012_29062012100845.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc0ed610-f2c5-4737-958e-b07d66f0e339.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44099cfa-402e-46b2-ab51-569fe507fc6b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1192d645-9fe8-49d5-b6ca-cfffc8781746.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba31ac10-1c16-4d86-a8d0-172e39dcea7d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01b4a055-de00-4725-acb2-3925a86b10f0.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541353/74556541353.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532461/73163532461.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541353/70568541353_23_09_21.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532461/68736532461.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 2026-09-13T20:15:57.300Z.