---
title: "Quest Flow Controls Ltd (543982) — Share Price, Financials & Analysis"
symbol: "543982"
company: "Quest Flow Controls Ltd"
canonical: "https://tapetide.com/stocks/543982"
isin: "INE0OYE01013"
nse_symbol: "MESONLTD"
bse_code: "543982"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 165.6
generated_at: "2026-09-13T19:59:51.169Z"
---

# Quest Flow Controls Ltd (543982)

Canonical page: https://tapetide.com/stocks/543982

## Company

- **NSE Symbol:** MESONLTD
- **BSE Code:** 543982
- **ISIN:** INE0OYE01013
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-09-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** questflowcontrols.com

## About

Incorporated in 2016, Quest Flow Controls Ltd is engagedin the manufacturing of special purpose machinery

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:35:06.454278Z.

- **Market Cap:** ₹165.6 Cr
- **Classification:** SME
- **P/E (reported):** -38.7
- **EPS (reported):** ₹8.91
- **Book Value:** ₹65.46
- **Price to Book:** 2.47
- **Dividend Yield:** 0%
- **ROE:** -1.02%
- **ROCE:** 0.4%
- **Debt to Equity:** 0.07
- **Revenue (yearly):** ₹70.2 Cr
- **Net Income:** ₹-0.8 Cr
- **EBITDA:** ₹7.9 Cr
- **52-Week High:** ₹300
- **52-Week Low:** ₹116.2
- **RSI (14):** 46.89

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 81%
- **Data coverage:** 62%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.52 | 9% |
| growth | 25.37 | 9% |
| momentum | 38.1 | 12% |
| ownership | 50 | 24% |
| quality | 28.62 | 22% |
| valuation | 37.05 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Promoter holding is low: 32.5%
- Company has a low return on equity of 6.29% over last 3 years.
- Earnings include an other income of Rs.5.29 Cr.
- Company has high debtors of 295 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -279.06% | 75.44% | 39.18% |
| ebitda margin growth | -41.79% | — | — |
| net income growth | -111.76% | — | — |
| revenue growth | 3.39% | — | — |
| roce | -96.44% | — | — |
| roe | -109.98% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 43.22 | 29.62 | 37.59 | 26.22 | 36.14 |
| Expenses | 32.55 | 22.47 | 32.27 | 19.81 | 42.48 |
| Operating Profit | 10.67 | 7.15 | 5.32 | 6.41 | -6.34 |
| OPM % | 24.69 | 24.14 | 14.15 | 24.45 | -17.54 |
| Other Income | 0.16 | 0.03 | 0.7 | -2.32 | 7.61 |
| Interest | 0.53 | 0.37 | 0.44 | 0.27 | 0.41 |
| Depreciation | 0.75 | 1.5 | 1.94 | 2.02 | 2.98 |
| Profit before tax | 9.55 | 5.31 | 3.64 | 1.8 | -2.12 |
| Tax % | 32.57 | 25.24 | 20.88 | 7.78 | 17.45 |
| Net Profit | 6.44 | 3.97 | 2.83 | 1.12 | -5.4 |
| EPS in Rs | — | — | — | 1.09 | -5.26 |

### Profit & Loss

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 63.14 | 67.21 | 62.36 |
| Expenses | 48.37 | 54.74 | 62.3 |
| Operating Profit | 14.77 | 12.47 | 0.06 |
| OPM % | 23.39 | 18.55 | 0.1 |
| Other Income | 0.18 | 0.73 | 5.29 |
| Interest | 0.87 | 0.81 | 0.67 |
| Depreciation | 1.16 | 3.44 | 5 |
| Profit before tax | 12.92 | 8.95 | -0.32 |
| Tax % | 29.95 | 23.46 | 159.38 |
| Net Profit | 9.05 | 6.8 | -4.28 |
| EPS in Rs | — | — | -4.17 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 10.16 | 10.16 | 10.26 |
| Reserves | 50 | 56.28 | 71.64 |
| Borrowings | 5.61 | 4.72 | 5.48 |
| Other Liabilities | 19.11 | 12.89 | 37.9 |
| Total Liabilities | 84.88 | 84.05 | 125.28 |
| Fixed Assets | 13.95 | 19.23 | 22.74 |
| CWIP | 3.58 | 0 | 0 |
| Investments | 0 | 0.06 | 1.98 |
| Other Assets | 67.35 | 64.76 | 100.56 |
| Total Assets | 84.88 | 84.05 | 125.28 |

### Cash Flow

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -13.12 | 4.49 | -8.04 |
| Cash from Investing Activity | -17.2 | -16.27 | -8.21 |
| Cash from Financing Activity | 31.09 | 13.07 | 18.84 |
| Net Cash Flow | 0.77 | 1.29 | 2.59 |
| Free Cash Flow | -30.32 | -0.85 | -16.41 |
| CFO/OP | -89 | 68 | -12733 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 201.35 | 205.01 | 294.7 |
| Inventory Days | 140.94 | 62.33 | 166.58 |
| Days Payable | 124.93 | 72.83 | 289.75 |
| Cash Conversion Cycle | 217.36 | 194.52 | 171.53 |
| Working Capital Days | 257.88 | 242.05 | 256.07 |
| ROCE % | — | 14.26 | 3.71 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.83% | 32.83% | 32.83% | 32.83% | 32.83% | 32.52% | 32.52% |
| FIIs | 1.9% | 2.15% | 2.28% | 6.51% | 6.95% | 7.83% | 7.83% |
| DIIs | 2.48% | 1.94% | 1.96% | 2.01% | 2.01% | 1.99% | 1.99% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 54.19% | 55.92% | 56.4% | 50.16% | 48.34% | 49.15% | 50.08% |
| Others | 8.59% | 7.16% | 6.53% | 8.49% | 9.87% | 8.5% | 7.57% |
| No. of Shareholders | 2151 | 1082 | 2311 | 2996 | 3325 | 3308 | 3301 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 3 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 156.84 | Buy |
| EMA (10) | 161.56 | Buy |
| SMA (20) | 163.6 | Buy |
| EMA (20) | 165.78 | Buy |
| SMA (50) | 189.52 | Sell |
| EMA (50) | 181.5 | Sell |
| SMA (100) | 209.46 | Sell |
| EMA (100) | 193.19 | Sell |
| SMA (200) | 194.12 | Sell |
| EMA (200) | 216.49 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.25 | Neutral |
| MACD (12,26,9) | -7.54 | Buy |
| Stochastic (14,3,3) | 89.69 | Sell |
| ADX (14) | 39.2 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 10.34 | High Volatility |
| ROC (12) | 10.97 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 64.44 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=87b1577f-f829-4498-a565-087054f96616.pdf) |
| 2026-09-03 | [Shareholders Meeting On September 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=292d5cde-c8d7-4562-a35b-d7bed6342108.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5fca6a7e-98a9-4d77-9527-40b2495c6f31.pdf) |
| 2026-09-02 | [Board Meeting Outcome for Meeting Held On 2Nd September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ffead05-3042-461f-b575-3d75acca8471.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90b4445b-414e-4d3c-bad3-9f9e94af8ac1.pdf) |
| 2026-07-02 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6542A42D_9FD4_4088_B474_845631D1283C_152432.pdf) |
| 2026-07-02 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2428fda2-c026-4805-a09f-a51f5bf9330a.pdf) |
| 2026-06-30 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c85e0e4-f6b7-4d7c-a55b-b09872b4b116.pdf) |
| 2026-05-28 | [Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (LODR) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0cf0717-e316-41aa-98d2-29f599815ff8.pdf) |
| 2026-05-20 | [Board Meeting Intimation for Approval Of Standalone And Consolidated Audited Financial Results Of The Company For The Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abdeb5da-f536-4918-b828-a343659c04ad.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8a6951e-9702-4efb-89b8-08557d8fe5ed.pdf) |
| 2026-04-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e67d76a-1bb5-4700-8504-d27ac2ca17ec.pdf) |
| 2025-11-15 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07bbd845-ba2a-4bd8-984c-069361c7e5cb.pdf) |
| 2024-11-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=307d0b67-a358-431f-b270-add1bcb8874d.pdf) |
| 2024-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58eb58a1-fa7f-447c-9257-4dbbd2c9c229.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-28 | [Financial Results 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c339522-ce6f-48ad-8566-e1b126d4eab1.pdf) |
| 2025-11-14 | [Financial Results 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b9b5bb3-26c0-4f5d-8b9a-c17f44348b6e.pdf) |
| 2025-05-26 | [Financial Results 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=607651e0-bf7b-4958-938f-fea301d5ad23.pdf) |
| 2024-11-14 | [Financial Results 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adec828d-5930-488b-b6b2-18667df06e45.pdf) |
| 2024-05-20 | [Financial Results 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e9f6686-39f6-4dc2-9757-380ca38ccc5d.pdf) |
| 2023-11-15 | [Financial Results 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0f25886-997b-4caf-b990-197247483963.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07bbd845-ba2a-4bd8-984c-069361c7e5cb.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/307d0b67-a358-431f-b270-add1bcb8874d.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8a6951e-9702-4efb-89b8-08557d8fe5ed.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d8a6951e-9702-4efb-89b8-08557d8fe5ed.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58eb58a1-fa7f-447c-9257-4dbbd2c9c229.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb12fbe0-8bd8-4930-93c2-9f7764041d7e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Of Schedule of Investors Meeting Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Feb - Of Schedule of Investors Meeting Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c68e580-9f46-450e-9257-1c88763d53bc.pdf) |
| 6 Feb - Board approved Q3/9M Dec-31-2025 results; disputed recoverables Rs.2,900.25L and Liquor India exposure Rs.825.71L. | [Un-Audited Financial Results 6 Feb - Board approved Q3/9M Dec-31-2025 results; disputed recoverables Rs.2,900.25L and Liquor India exposure Rs.825.71L.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/843060a2-9194-4249-ae04-305bc7757a10.pdf) |
| 6 Feb - Board approved Q3/9M Dec 31, 2025 results; Rs.2,900.25L disputed receivables, Rs.825.71L investment dispute. | [Board Meeting Outcome for Outcome Of Board Meeting 6 Feb - Board approved Q3/9M Dec 31, 2025 results; Rs.2,900.25L disputed receivables, Rs.825.71L investment dispute.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f12252f2-cf88-4f81-bb1f-b8e97240ea52.pdf) |
| 4 Mar - Govt. of India (Ministry of Defence) purchase order ₹9,001,594.87 for naval/critical valves; delivery within 3 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 4 Mar - Govt. of India (Ministry of Defence) purchase order ₹9,001,594.87 for naval/critical valves; delivery within 3 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/784a38a9-82db-4fc2-b2df-688ad226e366.pdf) |
| 4 Mar - Approved sale of entire 70.33% stake in TAMR Alloys for Rs.70,330; agreement 04-03-2026; completion 06-03-2026. | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 4 Mar - Approved sale of entire 70.33% stake in TAMR Alloys for Rs.70,330; agreement 04-03-2026; completion 06-03-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f85217b3-7245-40e5-b446-6d7f114dc985.pdf) |
| 4 Feb - Welcomes US import tariff reduction to 18%; initiated API monogram license; expects accelerated North American entry. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Feb - Welcomes US import tariff reduction to 18%; initiated API monogram license; expects accelerated North American entry.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f29de102-0abe-44ab-9ec7-3131f2d457eb.pdf) |
| 31 Mar - Sold H2O Dynamics stake to Stellarin for ₹7.35 crore; closing within two months; H2O FY25 revenue ₹811.31L. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - Sold H2O Dynamics stake to Stellarin for ₹7.35 crore; closing within two months; H2O FY25 revenue ₹811.31L.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ec7416b-534a-40c9-b2f0-afa325cde4da.pdf) |
| 31 Jan - Board meeting Feb 6, 2026 to approve unaudited Q3/9M results ended Dec 31, 2025; trading window closed. | [Board Meeting Intimation for Approval Of Un-Audited Results For The Quarter And Nine Months Ended 31St December, 2025 31 Jan - Board meeting Feb 6, 2026 to approve unaudited Q3/9M results ended Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38d3cd8a-42d9-4ac9-9d0d-e2bef0acae17.pdf) |
| 30 Mar - Board approved sale of entire H2O Dynamics stake for Rs.7,35,00,000 on March 30, 2026. | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 30 Mar - Board approved sale of entire H2O Dynamics stake for Rs.7,35,00,000 on March 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/408085e1-e17c-4a13-bc5d-61a8dc92cfbc.pdf) |
| 14 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bc99ea9-46a2-4c17-bc90-97255f9ff62f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_2700_RKDL_2011_2012_22102013160008.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/672d6ddf-19a9-4a4c-b6dd-a41bcaad0496.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a69228ad-a741-4ae0-a4f1-7e08616f9ae9.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b00c057-07f0-48f2-9f01-19b6e78d60d3.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2427a856-894b-414f-a682-c73f98a72e4e.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb11bb46-b20e-49f1-aceb-61902e2488ce.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533294/75181533294.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533294/70634533294.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533294/67712533294.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533294/5332940319.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-06-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb12fbe0-8bd8-4930-93c2-9f7764041d7e.pdf) |
| 2024-06-19 | [Audio Recording Of Conference Call Pertaining To H2 FY24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71b7e57b-c9c1-4ff2-b328-b54de7c0f15d.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 2026-09-13T19:59:51.169Z.