---
title: "Defrail Technologies Ltd (DEFRAIL) — Share Price, Financials & Analysis"
symbol: "544677"
company: "Defrail Technologies Ltd"
canonical: "https://tapetide.com/stocks/544677"
isin: "INE0ZE201010"
bse_code: "544677"
sector: "Capital Goods"
industry: "Rubber"
market_cap_cr: 56.73
generated_at: "2026-10-15T10:36:36.360Z"
---

# Defrail Technologies Ltd (DEFRAIL)

Canonical page: https://tapetide.com/stocks/544677

## Company

- **BSE Code:** 544677
- **ISIN:** INE0ZE201010
- **Sector:** Capital Goods
- **Industry:** Rubber
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-19
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in October 2023, Defrail Technologies Limited is engaged in the business of manufacturing rubber parts and components.[1]

## Latest Price

- **Price:** ₹80.75
- **Change:** +0.75 (+0.94%)
- **Open:** ₹80
- **Day High:** ₹81
- **Day Low:** ₹78.89
- **Previous Close:** ₹80
- **Volume:** 8000
- **As Of:** 2026-10-15T10:02:28+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:32:28+05:30.

Observed at 2026-10-15T04:34:53.644370Z.

- **Market Cap:** ₹56.73 Cr
- **Classification:** SME
- **Book Value:** ₹34.16
- **Price to Book:** 2.36
- **Dividend Yield:** 0%
- **ROE:** 16.71%
- **ROCE:** 21.3%
- **Debt to Equity:** 0.28
- **Revenue (yearly):** ₹80.5 Cr
- **Net Income:** ₹4 Cr
- **EBITDA:** ₹7.8 Cr
- **52-Week High:** ₹122
- **52-Week Low:** ₹64.15
- **RSI (14):** 64.81

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 45.7 to 59.2 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -32.93% | — | -169.14% |
| ebitda margin growth | 4.4% | -51.08% | — |
| net income growth | 42.86% | 66% | — |
| revenue growth | 29.42% | 34% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 32.79 | 41.08 |
| Expenses | 29.78 | 36.9 |
| Operating Profit | 3.01 | 4.18 |
| OPM % | 9.18 | 10.18 |
| Other Income | 0.01 | 0.11 |
| Interest | 0.54 | 0.49 |
| Depreciation | 0.31 | 0.46 |
| Profit before tax | 2.17 | 3.34 |
| Tax % | 16.13 | 26.05 |
| Net Profit | 1.81 | 2.48 |
| EPS in Rs | 3.51 | 3.53 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 33.62 | 29.3 | 61.77 | 80.04 |
| Expenses | 31.47 | 26.74 | 56.23 | 72.51 |
| Operating Profit | 2.15 | 2.56 | 5.54 | 7.53 |
| OPM % | 6.4 | 8.74 | 8.97 | 9.41 |
| Other Income | 0 | 0 | 0.01 | 0.11 |
| Interest | 0.66 | 0.46 | 1.05 | 0.91 |
| Depreciation | 0.27 | 0.34 | 0.63 | 0.81 |
| Profit before tax | 1.22 | 1.76 | 3.87 | 5.92 |
| Tax % | 28.69 | 24.43 | 9.04 | 32.43 |
| Net Profit | 0.88 | 1.33 | 3.52 | 4.01 |
| EPS in Rs | — | 266 | 6.82 | 5.71 |
| 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 | 0 | 0 | 5.16 | 7.02 |
| Reserves | 2.5 | 4.81 | 3.82 | 16.81 |
| Borrowings | 3.69 | 6.21 | 10.05 | 6.59 |
| Other Liabilities | 5.39 | 4.2 | 12.74 | 18.59 |
| Total Liabilities | 11.58 | 15.22 | 31.77 | 49.01 |
| Fixed Assets | 5.49 | 8.13 | 11.29 | 12.28 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.89 | 0.89 |
| Other Assets | 6.09 | 7.09 | 19.59 | 35.84 |
| Total Assets | 11.58 | 15.22 | 31.77 | 49.01 |

### 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 | 2.33 | -0.35 | -0.57 | -1.36 |
| Cash from Investing Activity | -0.25 | -2.98 | -12.52 | -1.8 |
| Cash from Financing Activity | -1.4 | 3.08 | 13.68 | 6.49 |
| Net Cash Flow | 0.69 | -0.26 | 0.59 | 3.32 |
| Free Cash Flow | 2.08 | -3.33 | -11.9 | -3.16 |
| CFO/OP | 108 | 4 | 3 | 2 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 45.06 | 32.26 | 45.62 | 59.24 |
| Inventory Days | 2.07 | 40.7 | 67.45 | 123.1 |
| Days Payable | 67.68 | 57.14 | 104.65 | 114.21 |
| Cash Conversion Cycle | -20.56 | 15.83 | 8.41 | 68.13 |
| Working Capital Days | -20.19 | -30.65 | 0.18 | 54.77 |
| ROCE % | — | 25.8 | 32.75 | 27.62 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 73.51% | 73.6% |
| FIIs | 0% | 6.88% | 4.51% |
| DIIs | 0% | 5.31% | 1.66% |
| Government | 0% | 0% | 0% |
| Public | 0% | 11.09% | 15.44% |
| Others | 0% | 3.21% | 4.78% |
| No. of Shareholders | 7 | 287 | 192 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 6 / 9 / 4

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 71.13 | Buy |
| EMA (10) | 71.47 | Sell |
| SMA (20) | 70.32 | Buy |
| EMA (20) | 70.81 | Buy |
| SMA (50) | 70.22 | Buy |
| EMA (50) | 71.23 | Sell |
| SMA (100) | 72.57 | Sell |
| EMA (100) | 75.36 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.14 | Neutral |
| MACD (12,26,9) | 0.57 | Buy |
| Stochastic (14,3,3) | 75.83 | Neutral |
| ADX (14) | 17.75 | Neutral |
| Williams %R (14) | -47.5 | Neutral |
| ATR (14) | 2.41 | High Volatility |
| ROC (12) | 4.71 | Buy |
| Stoch RSI (14) | 46.94 | Neutral |
| UO (7,14,28) | 58.93 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-14 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6326df7-b407-466b-a62e-e7fa415e6c1f.pdf) |
| 2026-04-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b24ce11d-920a-4242-ae3e-b113d343cdf4.pdf) |
| 2026-04-04 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/xml-data/corpfiling/AttachHis/735ee9a4-6c2d-4340-ab1e-1b531b6d0b86.pdf) |
| 2026-04-04 | [Declaration With Regard To Not A Large Corporate For The Financial Year Ended 31.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e39e2de-00e7-40de-9777-a29a249126cb.pdf) |
| 2026-03-26 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/xml-data/corpfiling/AttachHis/809c7587-026b-4358-96b4-97c661cdddb9.pdf) |
| 2026-03-24 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c54bed0b-2ada-42bc-b91f-6090f166f734.pdf) |
| 2026-03-10 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SHREEKARNI_10032026200202_Post_Conference_Announcement.pdf) |
| 2026-03-05 | [Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SHREEKARNI_05032026153845_Intimation_Investor_Meet_Updates.pdf) |
| 2026-01-19 | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter](https://nsearchives.nseindia.com/corporate/SHREEKARNI_19012026161327_CG_Report_Non-Applicable.pdf) |
| 2026-01-13 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SHREEKARNI_13012026171105_Certificate_74__5_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c00571e-ca70-4806-8956-af0e2b805c12.pdf) |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_28942_SHREEKARNI_2024_2025_A_11564635_08092025185428.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/SME_AR_25895_SHREEKARNI_2023_2024_05092024193034.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHREEKARNI_27112025171406_Intimation_Earning_Call_Transcript_Signed.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/SHREEKARNI_24082025125109_INVESTOR_PRESENTATION.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://nsearchives.nseindia.com/corporate/SHREEKARNI_24122024103112_Investor_Presentation.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1949f204-310f-4e9d-8c7a-b03225df60f2.pdf) |
| 2026-09-28 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6dbedea-f0c7-4c58-87d8-3288d7449701.pdf) |
| 2026-09-10 | [PROCEEDINGS OF 03RD ANNUAL GENERAL MEETING (AGM) OF DEFRAIL TECHNOLOGIES LIMITED.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28681012-86be-4936-a762-f3cbe244d7f4.pdf) |
| 2026-09-10 | [Submission Of Voting Result And Scrutinizers Report As Per Regulation 44 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68dbab43-083f-40dd-9f48-0a2c75d8bf41.pdf) |
| 2026-08-24 | [Submission Of Addendum To The Notice Of The 03Rd Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd473385-5ab2-4f6b-a416-e0276b0bedce.pdf) |
| 2026-08-18 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8425a98-7614-4cf9-bc8c-43ba2831ecd6.pdf) |
| 2026-08-17 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c00571e-ca70-4806-8956-af0e2b805c12.pdf) |
| 2026-07-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99370ea2-5cda-4d69-b6de-276c6a16e7ad.pdf) |
| 2026-07-06 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af160148-85ed-4cf6-aeae-2960cd1a8ec4.pdf) |
| 2026-07-04 | [Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6495db5f-8e37-475a-9d7f-43f5ddc112e2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-25 | [Rectification Of Discrepancies In Consolidated Audit Report For FY 25-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60c42674-2caf-454d-9879-9ac27a3e25be.pdf) |
| 2026-05-21 | [Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ("The Regulations") We Are Enclosing Herewith Audited Financial Results (Standalone And Consolidated) Of The Company Along With Audit Report (Standa](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91ca9a65-7947-46f8-b367-a1a5da60add6.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 2026-10-15T10:36:36.360Z.