---
title: "Adhiraj Distributors Ltd (780018) — Share Price, Financials & Analysis"
symbol: "780018"
company: "Adhiraj Distributors Ltd"
canonical: "https://tapetide.com/stocks/780018"
isin: "INE067R01015"
bse_code: "780018"
generated_at: "2026-10-13T11:01:13.083Z"
---

# Adhiraj Distributors Ltd (780018)

Canonical page: https://tapetide.com/stocks/780018

## Company

- **BSE Code:** 780018
- **ISIN:** INE067R01015
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** adhirajdistributors.com

## About

Adhiraj Distributors is actively engaged in business of trading activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -34.6% over past five years.
- Company has a low return on equity of 0.02% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -264% | — | — |
| revenue growth | — | -34% | -35% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2019 | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.4 | 2.5 | 0 | 2.26 | 0.59 | 1.26 | 0.05 | 0.3 | 0.1 | 0 | 0 | 0 |
| Expenses | 0.57 | 2.67 | 0.22 | 2.18 | 27.85 | 1.22 | 0.24 | 0.26 | 0.28 | 0.25 | 0.25 | 0.25 |
| Operating Profit | -0.17 | -0.17 | -0.22 | 0.08 | -27.26 | 0.04 | -0.19 | 0.04 | -0.18 | -0.25 | -0.25 | -0.25 |
| OPM % | -42.5 | -6.8 | — | 3.54 | -4620.34 | 3.17 | -380 | 13.33 | -180 | — | — | — |
| Other Income | 0.3 | 0.28 | 0.22 | 0 | 27.16 | 0 | 0.23 | 0 | 0.25 | 0.28 | 0.36 | 0.3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.13 | 0.11 | 0 | 0.08 | -0.1 | 0.04 | 0.04 | 0.04 | 0.07 | 0.03 | 0.11 | 0.05 |
| Tax % | 23.08 | 27.27 | — | 25 | -20 | 25 | 0 | 25 | 28.57 | 33.33 | 27.27 | 20 |
| Net Profit | 0.1 | 0.08 | 0 | 0.06 | -0.08 | 0.03 | 0.03 | 0.03 | 0.05 | 0.02 | 0.08 | 0.04 |
| EPS in Rs | 0.06 | 0.05 | 0 | 0.04 | -0.05 | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0.05 | 0.03 |

### Profit & Loss

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.32 | 3.29 | 1.09 | 3.5 | 2.5 | 2.55 | 1.02 | 0.1 | 0 | 0.3 |
| Expenses | 6.68 | 3.77 | 1.47 | 3.81 | 2.9 | 30.03 | 1.48 | 0.54 | 0.5 | 1.08 |
| Operating Profit | -0.36 | -0.48 | -0.38 | -0.31 | -0.4 | -27.48 | -0.46 | -0.44 | -0.5 | -0.78 |
| OPM % | -5.7 | -14.59 | -34.86 | -8.86 | -16 | -1077.65 | -45.1 | -440 | — | -260 |
| Other Income | 0.56 | 0.59 | 0.58 | 0.58 | 0.5 | 27.46 | 0.53 | 0.55 | 0.64 | 0.6 |
| Interest | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.19 | 0.1 | 0.2 | 0.2 | 0.1 | -0.02 | 0.07 | 0.11 | 0.14 | -0.18 |
| Tax % | 31.58 | 50 | 25 | 25 | 30 | 0 | 14.29 | 27.27 | 28.57 | 0 |
| Net Profit | 0.13 | 0.05 | 0.15 | 0.15 | 0.08 | -0.02 | 0.06 | 0.08 | 0.11 | -0.18 |
| EPS in Rs | 0.08 | 0.03 | 0.1 | 0.1 | 0.05 | -0.01 | 0.04 | 0.05 | 0.07 | -0.11 |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 | 15.69 |
| Reserves | 0.23 | 0.28 | 0.43 | 0.58 | 0.65 | 0.63 | 0.69 | 0.77 | 0.87 | 0.7 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.45 | 0.4 |
| Other Liabilities | 1.77 | 0.29 | 0.1 | 37.08 | 36.3 | 0.05 | 0.06 | 0.02 | 0.03 | 0.04 |
| Total Liabilities | 17.69 | 16.26 | 16.22 | 53.35 | 52.64 | 16.37 | 16.44 | 16.48 | 17.04 | 16.83 |
| Fixed Assets | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6.88 | 7.24 | 7.17 | 6.92 | 2.04 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Other Assets | 10.8 | 9.02 | 9.05 | 46.43 | 50.6 | 15.38 | 15.45 | 15.49 | 16.05 | 15.84 |
| Total Assets | 17.69 | 16.26 | 16.22 | 53.35 | 52.64 | 16.37 | 16.44 | 16.48 | 17.04 | 16.83 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.3 | -0.48 | -0.76 | -1.02 | -5.29 | -1.41 | -0.37 | -0.69 | -1.11 | -0.07 |
| Cash from Investing Activity | 0.54 | 0.23 | 0.64 | 0.83 | 5.37 | 1.52 | 0.53 | 0.55 | 0.64 | 0.6 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.45 | -0.05 |
| Net Cash Flow | -0.76 | -0.25 | -0.11 | -0.19 | 0.08 | 0.11 | 0.15 | -0.14 | -0.02 | 0.48 |
| Free Cash Flow | -1.3 | -0.48 | -0.76 | -1.02 | -5.29 | -1.41 | -0.37 | -0.69 | -1.11 | -0.07 |
| CFO/OP | 378 | 90 | 187 | 313 | 1315 | 5 | 78 | 150 | 214 | 9 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 191.16 | 133.13 | 197.57 | 456.77 | 902.28 | 184.65 | 257.65 | 1679 | — | 0 |
| Inventory Days | 14.67 | 16.22 | 0 | 3076.43 | 3942 | 0 | 0 | 0 | — | 0 |
| Days Payable | 100.35 | 33.6 | — | 3614.54 | 5298.34 | — | — | — | — | — |
| Cash Conversion Cycle | 105.49 | 115.75 | 197.57 | -81.34 | -454.06 | 184.65 | 257.65 | 1679 | — | 0 |
| Working Capital Days | 486.28 | 928.59 | 2913.3 | 967.77 | 2067.36 | 2159.94 | 5367.65 | 55516.5 | — | 17860.67 |
| ROCE % | 1.2 | 0.63 | 1.25 | 1.67 | 0.61 | -165.46 | 0.43 | 0.67 | 0.84 | -1.07 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% |
| DIIs | 0% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
| Public | 79.6% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% |
| No. of Shareholders | 663 | 669 | 657 | 642 | 639 | 638 | 630 | 500625 | 621 |

### Quarterly

| Category | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% | 20.4% |
| DIIs | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
| Public | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% | 76.42% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% | 76.41% |
| No. of Shareholders | 642 | 640 | 639 | 639 | 638 | 634 | 631 | 630 | 629 | 500628 | 500625 | 621 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 151.59 | Sell |
| EMA (10) | 151.38 | Sell |
| SMA (20) | 155.85 | Sell |
| EMA (20) | 153.94 | Sell |
| SMA (50) | 159.1 | Sell |
| EMA (50) | 159.83 | Sell |
| SMA (100) | 170.75 | Sell |
| EMA (100) | 169.08 | Sell |
| SMA (200) | 188.78 | Sell |
| EMA (200) | 185.26 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.25 | Neutral |
| MACD (12,26,9) | -3.14 | Sell |
| Stochastic (14,3,3) | 8.25 | Buy |
| ADX (14) | 31.16 | Buy |
| Williams %R (14) | -82.64 | Buy |
| ATR (14) | 5.67 | High Volatility |
| ROC (12) | -5.15 | Sell |
| Stoch RSI (14) | 38.38 | Neutral |
| UO (7,14,28) | 34.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SIKKO_10032026115945_Covering.pdf) |
| 2026-03-09 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SIKKO_09032026144936_Disclosure_-_Notice_of_PB.pdf) |
| 2026-03-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_07032026131009_Outcome.pdf) |
| 2026-03-07 | [Amendment to AOA/MOA](https://nsearchives.nseindia.com/corporate/SIKKO_07032026131205_Outcome.pdf) |
| 2026-02-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SIKKO_07022026174457_Outcome_07-02-2026.pdf) |
| 2026-02-03 | [General Updates](https://nsearchives.nseindia.com/corporate/SIKKO_03022026192703_Covering.pdf) |
| 2026-02-03 | [General Updates](https://nsearchives.nseindia.com/corporate/SIKKO_03022026193353_Covering.pdf) |
| 2026-01-12 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SIKKO_12012026190508_Covering.pdf) |
| 2026-01-06 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/SIKKO_06012026135359_Covering.pdf) |
| 2025-01-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75e04e74-0d4e-450b-8ca0-f67a83ae3325.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_27819_SIKKO_2024_2025_A_2868853_28082025170010.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b67fa3e7-64f1-4f71-820c-254e2f17dec1.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_25023_SIKKO_2023_2024_20082024174126.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09b8b51b-72f9-433b-bbf8-583582ecb33d.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_22739_SIKKO_2022_2023_12082023165527_08122023170000.zip) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/780018/75961780018.pdf) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_21149_SIKKO_2021_2022_02092022222818_09032022070005.zip) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/780018/71350780018_30_09_21.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/780018/71350780018.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/780018/66462780018.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-04-10 | Credit rating update — India Ratings |
| 2024-05-15 | Credit rating update — India Ratings |
| 2023-09-18 | Credit rating update — India Ratings |
| 2021-05-28 | Credit rating update — India Ratings |
| 2020-04-08 | Credit rating update — India Ratings |
| 2017-03-28 | Credit rating update — India Ratings |

---

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 2026-10-13T11:01:13.083Z.