---
title: "Quality RO Industries Ltd (543460) — Share Price, Financials & Analysis"
symbol: "543460"
company: "Quality RO Industries Ltd"
canonical: "https://tapetide.com/stocks/543460"
isin: "INE0KAF01018"
nse_symbol: "QUALITYROINDUSTRIESLTD"
bse_code: "543460"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 7.4
generated_at: "2026-09-13T19:16:58.315Z"
---

# Quality RO Industries Ltd (543460)

Canonical page: https://tapetide.com/stocks/543460

## Company

- **NSE Symbol:** QUALITYROINDUSTRIESLTD
- **BSE Code:** 543460
- **ISIN:** INE0KAF01018
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2022-02-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** qualityro.in

## About

Incorporated in 2021, Quality RO 
Industries Ltd is in the business 
of RO products, Transportation, 
and Realty sector[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:49.255857Z.

- **Market Cap:** ₹7.4 Cr
- **Classification:** SME
- **P/E (reported):** -18.8
- **EPS (reported):** ₹6.11
- **Book Value:** ₹43.73
- **Price to Book:** 0.66
- **Dividend Yield:** 0%
- **ROE:** 15%
- **ROCE:** 17.01%
- **Debt to Equity:** 0.63
- **Revenue (yearly):** ₹15.7 Cr
- **Net Income:** ₹-0.64 Cr
- **EBITDA:** ₹0.38 Cr
- **52-Week High:** ₹130
- **52-Week Low:** ₹28.55
- **RSI (14):** 11.46

## Key Insights

### Strengths

- Stock is trading at 0.50 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 9.36% over last 3 years.
- Promoter holding has decreased over last 3 years: -16.0%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -103.63% | -135.33% | -661.43% |
| ebitda margin growth | -88.04% | -88.05% | — |
| net income growth | -137.65% | -140% | — |
| revenue growth | -1.88% | 42% | — |
| roce | -15.54% | — | — |
| roe | -5.72% | 10.23% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.32 | 3.2 | 6.14 | 7.08 | 7.9 | 8.1 | 8.71 | 6.99 |
| Expenses | 1.7 | 3.12 | 5.22 | 5.45 | 7.45 | 5.35 | 7.98 | 7.35 |
| Operating Profit | 0.62 | 0.08 | 0.92 | 1.63 | 0.45 | 2.75 | 0.73 | -0.36 |
| OPM % | 26.72 | 2.5 | 14.98 | 23.02 | 5.7 | 33.95 | 8.38 | -5.15 |
| Other Income | 0.02 | 0.05 | 0.05 | 0.09 | 0.02 | 0.01 | 0.02 | 0.02 |
| Interest | 0.03 | 0.09 | 0.07 | 0.08 | 0.15 | 0.29 | 0.35 | 0.36 |
| Depreciation | 0.34 | 0.34 | 0.22 | 0.28 | 0.22 | 0.25 | 0.17 | 0.17 |
| Profit before tax | 0.27 | -0.3 | 0.68 | 1.36 | 0.1 | 2.22 | 0.23 | -0.87 |
| Tax % | 37.04 | -43.33 | 22.06 | 35.29 | 0 | 27.03 | -30.43 | -19.54 |
| Net Profit | 0.16 | -0.18 | 0.53 | 0.87 | 0.1 | 1.63 | 0.31 | -0.7 |
| EPS in Rs | 0.83 | -0.93 | 2.75 | 4.51 | 0.52 | 8.45 | 1.61 | -3.63 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 5.52 | 13.22 | 16 | 15.7 |
| Expenses | 4.8 | 10.64 | 12.79 | 15.32 |
| Operating Profit | 0.72 | 2.58 | 3.21 | 0.38 |
| OPM % | 13.04 | 19.52 | 20.06 | 2.42 |
| Other Income | 0.08 | 0.14 | 0.03 | 0.04 |
| Interest | 0.16 | 0.18 | 0.45 | 0.72 |
| Depreciation | 0.69 | 0.5 | 0.47 | 0.34 |
| Profit before tax | -0.05 | 2.04 | 2.32 | -0.64 |
| Tax % | -60 | 23.53 | 25.43 | -37.5 |
| Net Profit | -0.02 | 1.56 | 1.73 | -0.39 |
| EPS in Rs | -0.1 | 8.08 | 8.96 | -2.02 |
| 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 | 2.55 | 2.55 | 2.55 | 2.55 |
| Reserves | 5.68 | 7.24 | 8.96 | 8.6 |
| Borrowings | 2.41 | 2.06 | 6.39 | 7.05 |
| Other Liabilities | 0.56 | 3.54 | 1.69 | 2.1 |
| Total Liabilities | 11.2 | 15.39 | 19.59 | 20.3 |
| Fixed Assets | 2.16 | 2.13 | 1.66 | 1.33 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 9.04 | 13.26 | 17.93 | 18.97 |
| Total Assets | 11.2 | 15.39 | 19.59 | 20.3 |

### 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 | -1.67 | -1.93 | -3.93 | -0.68 |
| Cash from Investing Activity | 0.07 | 3.15 | 0.02 | -0.03 |
| Cash from Financing Activity | 4.24 | -0.49 | 3.88 | -0.05 |
| Net Cash Flow | 2.65 | 0.73 | -0.03 | -0.76 |
| Free Cash Flow | -1.67 | -2.41 | -3.94 | -0.68 |
| CFO/OP | -232 | -72 | -110 | -176 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 108.44 | 88.35 | 79.16 | 96.02 |
| Inventory Days | 48.51 | 188.49 | 299.83 | 270.36 |
| Days Payable | 55.44 | 100.63 | 32.05 | 38.03 |
| Cash Conversion Cycle | 101.51 | 176.21 | 346.94 | 328.34 |
| Working Capital Days | 159.36 | 204.86 | 225.62 | 242.71 |
| ROCE % | — | 19.74 | 18.62 | 0.44 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 83.99% | 60.93% | 63.52% | 63.62% | 48.15% | 48.15% | 48.07% | 48.07% | 47.58% | 47.58% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 32.96% | 31.3% | 33.38% | 51.14% | 51.06% | 50.12% | 50.65% | 51.14% | 51.52% |
| Others | 16.01% | 6.11% | 5.18% | 3.01% | 0.71% | 0.78% | 1.8% | 1.27% | 1.27% | 0.9% |
| No. of Shareholders | 7 | 101 | 103 | 120 | 121 | 99 | 95 | 98 | 109 | 112 |

## 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 / 2 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 32.03 | Sell |
| EMA (10) | 32.74 | Sell |
| SMA (20) | 39.09 | Sell |
| EMA (20) | 38.75 | Sell |
| SMA (50) | 50.73 | Sell |
| EMA (50) | 55.3 | Sell |
| SMA (100) | 87.07 | Sell |
| EMA (100) | 76.76 | Sell |
| SMA (200) | 116.51 | Sell |
| EMA (200) | 92.63 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 23.45 | Buy |
| MACD (12,26,9) | -8.15 | Sell |
| Stochastic (14,3,3) | 3.61 | Buy |
| ADX (14) | 37.46 | Buy |
| Williams %R (14) | -96.39 | Buy |
| ATR (14) | 2.68 | High Volatility |
| ROC (12) | -21.41 | Sell |
| Stoch RSI (14) | 17.89 | Buy |
| UO (7,14,28) | 39.97 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Notice Of Annual General Meeting Scheduled On 30Th September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ccfdae0-2f1a-4fc1-a046-5b7aede5616c.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffa9a273-4aac-40e6-ae6a-ec0fbbc9aa67.pdf) |
| 2026-09-01 | [Board Meeting Outcome for Outcome Of The Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cf99db0-9694-45d5-b203-637e53195156.pdf) |
| 2026-09-01 | [Revised Outcome Of The Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf2bcaad-e78d-455f-b2cb-7775f3a48eaf.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=43779057-bdc5-4683-95d0-5dadc93b3185.pdf) |
| 2026-05-29 | [Board Meeting Outcome for Approval Of Audited Financial Result As On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=462415bb-f3d1-439a-b097-739e728d3bb5.pdf) |
| 2026-05-19 | [Board Meeting Intimation for Approval Of Audited Standalone And Consolidated Financial Results Of The Company For The Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40abe167-552c-4167-89d1-94315e3284bf.pdf) |
| 2026-04-27 | [Announcement Under Regulation 30 Of SEBI (LODR) 2015 Reply On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dde03ea6-daf8-481d-8be9-b7954690394e.pdf) |
| 2026-04-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd7145fc-e6e4-4ded-b87e-e2ebbded5676.pdf) |
| 2026-04-09 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be1ae147-8839-4739-8c07-9941897f46fc.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Financial Results 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a32c8955-c06f-4fae-9215-f36972ccb1ba.pdf) |
| 2025-11-12 | [Financial Result For Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26c6f684-48f5-4303-b455-72a9547bb9c5.pdf) |
| 2025-05-29 | [Financial Result As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bbae432-8313-4260-8bc4-867171acb65b.pdf) |
| 2024-11-14 | [Financial Result For Half Year Ended On 30Th September 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7fb3a8b-7526-4703-b4ea-a9e4fe4c974a.pdf) |
| 2024-05-25 | [Financial Result For Year Ended On 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c8327a2-d1b0-45df-aea3-c36658834715.pdf) |
| 2023-11-09 | [Financial Results For The Half Year Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d8eb924-88a7-4ff6-a039-be866f2289d6.pdf) |
| 2023-11-09 | [Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of SEBI (LODR) Regulations, 2015 For Approval Of Financial Results For The Half Year Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af8dff10-0f17-4532-a7bf-9e51c35eb468.pdf) |
| 2023-05-22 | [Board Meeting Outcome for For Approval Of Standalone And Consolidated Audited Financial Result Of Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4498ad8-2b33-42db-bf99-70669fb7e6e6.pdf) |
| 2022-11-11 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Today For Approval Of Unaudited Financial Results Of Company For The Half Year Ended On September 30, 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b5af4a0-5c6d-446e-8653-3c4a5b85d90a.pdf) |
| 2022-05-22 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 22Nd May, 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2040aac6-8657-4b52-8301-45463454bc58.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Jan - M/s. Doshi Doshi & Co. resigned as statutory auditors effective January 06, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 6 Jan - M/s. Doshi Doshi & Co. resigned as statutory auditors effective January 06, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dbe498a2-40cc-4193-a165-968ccb095b1e.pdf) |
| 6 Feb - Board meeting on Feb 14, 2026 to consider unaudited results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for To Approve Unaudited Dec Quarter Results 2025 6 Feb - Board meeting on Feb 14, 2026 to consider unaudited results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d34cd838-1b72-47ca-9070-9250684c301d.pdf) |
| 4 Feb - Appointed M/s Panchal SK & Associates as statutory auditor effective Feb 4, 2026, to fill casual vacancy. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 4 Feb - Appointed M/s Panchal SK & Associates as statutory auditor effective Feb 4, 2026, to fill casual vacancy.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a4c6437-5b74-4115-9a6c-181eb8bfb1b0.pdf) |
| 27 Apr - Company clarified share price movement was market-driven and unrelated to management. | [Announcement Under Regulation 30 Of SEBI (LODR), 2015 Reply On Price Movement 27 Apr - Company clarified share price movement was market-driven and unrelated to management.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dde03ea6-daf8-481d-8be9-b7954690394e.pdf) |
| 22 Jan - Share capital reconciliation audit report for quarter ended Sep 30, 2025 filed under SEBI Regulation 76. | [Reg 76 Pending Quarter September 2025 22 Jan - Share capital reconciliation audit report for quarter ended Sep 30, 2025 filed under SEBI Regulation 76.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/945c1f43-69c3-4e0b-a30e-ffada31b8410.pdf) |
| 22 Jan - Reconciliation of share capital audit report for quarter ended June 30, 2025 filed Jan 22, 2026. | [Reg 76 Pending Submission For June 2025 Quarter 22 Jan - Reconciliation of share capital audit report for quarter ended June 30, 2025 filed Jan 22, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/832abe2f-95a7-47d1-b15f-985ab4fde9f5.pdf) |
| 20 Jan - Reg 74(5) certificate: no physical share certificates received for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 20 Jan - Reg 74(5) certificate: no physical share certificates received for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71e49016-52dd-472f-99f4-0b274fa425b2.pdf) |
| 16h - Company clarified share price movement was market-driven and unrelated to management. | [Announcement Under Regulation 30 Of SEBI (LODR), 2015 Reply On Price Movement 16h - Company clarified share price movement was market-driven and unrelated to management.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dde03ea6-daf8-481d-8be9-b7954690394e.pdf) |
| 16 Mar - EGM on April 8, 2026 to appoint auditor and approve loans/guarantees/investments including related-party loans up to Rs.10 crore | [Intimation Regarding Extra Ordinary General Meeting (EGM) 16 Mar - EGM on April 8, 2026 to appoint auditor and approve loans/guarantees/investments including related-party loans up to Rs.10 crore](https://www.bseindia.com/xml-data/corpfiling/AttachHis/250db720-4c9b-4a6e-b2a3-a7cdd7a522ea.pdf) |
| 12 Mar - Board seeks shareholder approval for loans/guarantees; EGM 08-Apr-2026 01:00 PM; record date 06-Mar-2026. | [Board Meeting Outcome for Regulation 30 Of SEBI (LODR) Regulations, 2015 12 Mar - Board seeks shareholder approval for loans/guarantees; EGM 08-Apr-2026 01:00 PM; record date 06-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27b45f4c-7c59-46cb-8f59-15912c0d5c6e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3007_RAJESHEXPO_2012_2013_27112013111344.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93a9eb24-7e42-4b26-a9c9-8fb1473795f1.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e428e67-db53-4c36-94b0-191f41e5c4dc.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28bb1d1c-bc08-4ff3-848a-d0314245017d.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ede53b6-cf59-4f98-b184-bc3807d26740.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e95b970-583a-4046-aafb-7408406995eb.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d0eb414-3b22-46ab-90ec-6711fd8b31f2.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543460/74342543460.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531500/77196531500.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531500/72810531500.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/bf626989-fa18-4eb8-ac86-f472fbb4f5da.pdf) |
| Nov 2015 | [Concall - Nov 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9CD75EFD_AA4D_4C0C_A44C_80001B5C7BBC_101053.pdf) |
| Jun 2016 | [Concall - Jun 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56B92258_34ED_4B61_AB20_80FCEE787711_092521.pdf) |
| Jan 2017 | [Concall - Jan 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C4C1865C_4DD1_44A1_8880_0A6ACACEC727_091403.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/5097f1ff-8705-4215-bed7-59e670b0b268.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9C6213E3_9677_45EB_BF00_33F482179F3D_094230.pdf) |
| Feb 2016 | [Concall - Feb 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5FBAF81A_20CA_4F75_BB6F_A548269F15E6_094209.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/c019ddfd-99d6-49a6-bfb4-0c0d6376c8ad.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 2026-09-13T19:16:58.315Z.