---
title: "Andhra Cements Ltd (ACL) — Share Price, Financials & Analysis"
symbol: "ACL"
company: "Andhra Cements Ltd"
canonical: "https://tapetide.com/stocks/ACL"
isin: "INE666E01020"
nse_symbol: "ACL"
bse_code: "532141"
sector: "Construction"
industry: "Cement"
market_cap_cr: 393.02
generated_at: "2026-09-13T19:35:51.698Z"
---

# Andhra Cements Ltd (ACL)

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

## Company

- **NSE Symbol:** ACL
- **BSE Code:** 532141
- **ISIN:** INE666E01020
- **Sector:** Construction
- **Industry:** Cement
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2023-05-10
- **CEO:** Dr. Anand Reddy Sammidi M.B.B.S., M.D.
- **Employees:** 175
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** andhracements.com

## About

Incorporated in 1936, Andhra Cements Ltd is in the business of manufacturing and selling cement[1]

## Latest Price

- **Price:** ₹42.7
- **Change:** +0.02 (+0.05%)
- **Open:** ₹42.75
- **Day High:** ₹42.94
- **Day Low:** ₹41.5
- **Previous Close:** ₹42.68
- **Volume:** 32848
- **As Of:** 2026-09-11T09:59:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:16.534280Z.

- **Market Cap:** ₹393.02 Cr
- **Classification:** Microcap
- **P/E (reported):** -5.3
- **EPS (TTM):** ₹-7.98
- **Book Value:** ₹8.76
- **Price to Book:** 4.86
- **Dividend Yield:** 0%
- **ROE:** -83.18%
- **ROCE:** -5.15%
- **Debt to Equity:** 13.91
- **Revenue (yearly):** ₹452.4 Cr
- **Net Income:** ₹-67.2 Cr
- **EBITDA:** ₹26 Cr
- **52-Week High:** ₹100.01
- **52-Week Low:** ₹40.5
- **RSI (14):** 29

## Tapetide Score

- **Score:** 32 / 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:** 3.3 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 10.05 | 9% |
| growth | 92.14 | 9% |
| momentum | 25.18 | 12% |
| ownership | 50 | 24% |
| quality | 31.85 | 22% |
| valuation | 13.32 | 24% |

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

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Stock is trading at 4.87 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -47.2% over last 3 years.
- Promoters have pledged 31.7% of their holding.
- Earnings include an other income of Rs.10.0 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -142.23% | 5.88% | -116.67% |
| ebitda margin growth | -70.3% | -174.26% | 200.52% | -100.12% |
| net income growth | -174.02% | -55.82% | 2.44% | 11% |
| revenue growth | -11.75% | 60.71% | 17.82% | 436% |
| roce | — | -55.87% | 33.77% | 18.02% |
| roe | — | -20.95% | -70.17% | -422.65% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 65 | 98 | 92 | 63 | 55 | 66 | 89 | 100 | 78 | 110 | 155 | 142 |
| Expenses | 57 | 93 | 96 | 69 | 65 | 75 | 95 | 93 | 82 | 105 | 146 | 138 |
| Operating Profit | 8 | 5 | -5 | -5 | -10 | -8 | -5 | 7 | -4 | 5 | 9 | 4 |
| OPM % | 12 | 4.7 | -5 | -8 | -19 | -13 | -6 | 7 | -6 | 4.6 | 6 | 2.6 |
| Other Income | 15 | 0 | 7 | 5 | 1 | 2 | -7 | 1 | 1 | 1 | 8 | 1 |
| Interest | 19 | 20 | 18 | 18 | 18 | 19 | 20 | 21 | 21 | 26 | 30 | 32 |
| Depreciation | 13 | 16 | 15 | 17 | 18 | 18 | 18 | 17 | 17 | 23 | 27 | 21 |
| Profit before tax | -9 | -31 | -30 | -36 | -45 | -44 | -50 | -30 | -42 | -44 | -41 | -48 |
| Tax % | -89 | -31 | -37 | -35 | -22 | 0 | 0 | 0 | 0 | 0 | -219 | -25 |
| Net Profit | -1 | -21 | -19 | -24 | -35 | -44 | -50 | -30 | -42 | -44 | 49 | -36 |
| EPS in Rs | -0.11 | -2.3 | -2.04 | -2.56 | -3.78 | -4.74 | -5.41 | -3.21 | -4.55 | -4.79 | 5.26 | -3.9 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 466 | 321 | 143 | 0 | 0 | 0 | 268 | 274 | 442 | 485 |
| Expenses | 411 | 308 | 151 | 29 | 31 | 25 | 271 | 303 | 426 | 472 |
| Operating Profit | 55 | 13 | -8 | -29 | -31 | -25 | -3 | -29 | 16 | 13 |
| OPM % | 12 | 4.1 | -5 | -29240 | — | — | -1.2 | -11 | 3.6 | 2.7 |
| Other Income | 45 | -38 | 1 | 1 | -1 | 972 | 23 | 1 | 10 | 10 |
| Interest | 127 | 108 | 122 | 130 | 158 | 16 | 71 | 75 | 98 | 109 |
| Depreciation | 45 | 47 | 48 | 48 | 47 | 47 | 56 | 72 | 84 | 88 |
| Profit before tax | -72 | -181 | -177 | -205 | -236 | 884 | -107 | -175 | -156 | -175 |
| Tax % | -1 | 0 | -5 | 0 | 0 | -7 | -39 | -13 | -57 | — |
| Net Profit | -71 | -180 | -168 | -205 | -236 | 950 | -66 | -152 | -67 | -73 |
| EPS in Rs | -2.42 | -6.14 | -5.73 | -6.99 | -8.05 | 103.03 | -7.12 | -16.5 | -7.29 | -7.98 |
| Dividend Payout % | 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 | 294 | 294 | 294 | 294 | 294 | 294 | 92 | 92 | 92 | 92 |
| Reserves | -358 | -428 | -608 | -774 | -974 | -1210 | 263 | 205 | 52 | -11 |
| Borrowings | 927 | 937 | 960 | 961 | 963 | 970 | 525 | 675 | 757 | 1127 |
| Other Liabilities | 386 | 420 | 410 | 522 | 656 | 817 | 36 | 107 | 243 | 212 |
| Total Liabilities | 1249 | 1222 | 1054 | 1003 | 940 | 871 | 917 | 1080 | 1144 | 1420 |
| Fixed Assets | 777 | 1007 | 973 | 926 | 878 | 832 | 738 | 815 | 759 | 977 |
| CWIP | 302 | 30 | 1 | 1 | 1 | 0 | 26 | 0 | 106 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 170 | 185 | 80 | 76 | 60 | 39 | 152 | 265 | 280 | 437 |
| Total Assets | 1249 | 1222 | 1054 | 1003 | 940 | 871 | 917 | 1080 | 1144 | 1420 |

### 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 | 55 | 93 | 22 | 117 | 119 | 151 | -1 | -27 | 60 | -25 |
| Cash from Investing Activity | -3 | 42 | 1 | 0 | 3 | 1 | -35 | -96 | -81 | -248 |
| Cash from Financing Activity | -55 | -119 | -45 | -118 | -122 | -152 | 80 | 90 | 11 | 274 |
| Net Cash Flow | -2 | 16 | -22 | 0 | 0 | 0 | 44 | -33 | -11 | 0 |
| Free Cash Flow | 52 | 132 | 23 | 117 | 119 | 151 | -28 | -117 | -17 | -246 |
| CFO/OP | 141 | 171 | 162 | -1508 | -405 | -492 | 4 | 809 | -203 | -155 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 28 | 21 | 22 | 51 | 27996 | — | — | 52 | 40 | 38 |
| Inventory Days | 233 | 211 | 141 | 405 | 63551 | — | 14368 | 930 | 1019 | 398 |
| Days Payable | 1280 | 1064 | 1075 | 4109 | 771651 | — | 3208 | 1172 | 2164 | 575 |
| Cash Conversion Cycle | -1019 | -832 | -912 | -3653 | -680104 | — | — | -190 | -1105 | -138 |
| Working Capital Days | -316 | -269 | -742 | -2189 | -3794504 | — | — | -34 | -248 | -85 |
| ROCE % | 0 | 2 | -4 | -10 | -20 | -45 | -15 | -6 | -11 | -6 |

## 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 | 95% | 95% | 90% | 90% | 90% | 90% | 90% | 90% | 90% | 90% | 75% | 75% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 3.89% | 3.86% | 6.87% | 7.38% | 7.28% | 7.49% | 7.87% | 7.89% | 7.14% | 6.83% | 12.74% | 12.84% |
| Others | 0.77% | 0.8% | 2.78% | 2.28% | 2.38% | 2.17% | 1.78% | 1.77% | 2.52% | 2.82% | 11.92% | 11.82% |
| No. of Shareholders | 90115 | 87475 | 90718 | 92375 | 91810 | 91578 | 91196 | 90187 | 86827 | 85378 | 85276 | 84453 |

## 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 / 5 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 43.29 | Sell |
| EMA (10) | 43.32 | Sell |
| SMA (20) | 44.2 | Sell |
| EMA (20) | 44.2 | Sell |
| SMA (50) | 46.67 | Sell |
| EMA (50) | 46.58 | Sell |
| SMA (100) | 50.66 | Sell |
| EMA (100) | 49.71 | Sell |
| SMA (200) | 55.51 | Sell |
| EMA (200) | 54.13 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.26 | Buy |
| MACD (12,26,9) | -1.23 | Buy |
| Stochastic (14,3,3) | 23.74 | Neutral |
| ADX (14) | 44.63 | Buy |
| Williams %R (14) | -73.33 | Neutral |
| ATR (14) | 1.39 | High Volatility |
| ROC (12) | -3.79 | Sell |
| Stoch RSI (14) | 79.78 | Neutral |
| UO (7,14,28) | 45.67 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ad2a5f9-3731-4cfe-b8e5-2839f96422c5.pdf) |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fc7585b-96f2-4ab8-9412-15bdc015f408.pdf) |
| 2026-07-27 | [Board Meeting Outcome for Un-Audited Financial Results For The Qtr Ended 30-06-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12432bed-4634-40fd-9b62-9ea008d1653b.pdf) |
| 2026-07-16 | [Board Meeting Intimation for Board Meeting Will Be Held On 27-07-2026 To Consider The Un-Audited Financial Results For The Qtr Eneded 30-06-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d3730d5-ce14-4d3f-ad5f-5753a0e3be54.pdf) |
| 2026-07-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d632d833-2f74-4f99-b51b-0c72d09e0c08.pdf) |
| 2026-07-03 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=698749e8-b920-4374-91ac-2984e9ebcb26.pdf) |
| 2026-06-26 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a2f52a6-7612-4fea-8eee-202b88c2b7a9.pdf) |
| 2026-06-25 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11ebc5c5-cffa-410a-a1e9-076aa6d12144.pdf) |
| 2026-06-25 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf6f7507-3df3-46ae-abff-00b29350982d.pdf) |
| 2026-06-19 | [Shifting Of Registered Office - ROC Certificate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c70be5a9-3d94-4d57-836b-115d1b3014ac.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Correction to 28-Feb-2026 board outcome: two postal-ballot items—sale/lease/disposal u/s180 and authority to borrow. | [Updates 9 March 2026 - Correction to 28-Feb-2026 board outcome: two postal-ballot items—sale/lease/disposal u/s180 and authority to borrow.](https://nsearchives.nseindia.com/corporate/SMVD_09032026150519_Update.pdf) |
| 8 Apr - Ind-Ra assigned IND BBB/IND A3+ on watch with developing implications on 8 April 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 8 Apr - Ind-Ra assigned IND BBB/IND A3+ on watch with developing implications on 8 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f170eeed-6862-4f3c-a7ec-3f835034025d.pdf) |
| 7 January 2026 - Company exploring legal action vs Oriental India Insurance; disputed claim settled; funds deposited pending proposed project (07-Jan-2026) | [General Updates 7 January 2026 - Company exploring legal action vs Oriental India Insurance; disputed claim settled; funds deposited pending proposed project (07-Jan-2026)](https://nsearchives.nseindia.com/corporate/SMVD_07012026144935_Intimation.pdf) |
| 5 May - MCA approved shifting registered office from Andhra Pradesh to Telangana, with office to move to Hyderabad. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 5 May - MCA approved shifting registered office from Andhra Pradesh to Telangana, with office to move to Hyderabad.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc5a6c8e-1553-4f5d-a7d4-74bbceebfb00.pdf) |
| 5 January 2026 - Certificate under SEBI Reg 74(5) for quarter ended Dec 31, 2025, dated 03.01.2026 from RTA Skyline. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 5 January 2026 - Certificate under SEBI Reg 74(5) for quarter ended Dec 31, 2025, dated 03.01.2026 from RTA Skyline.](https://nsearchives.nseindia.com/corporate/SMVD_05012026141358_DP512026.pdf) |
| 4 May - Board to meet on 13 May 2026 to consider Q4 and FY2026 audited results; trading window closed. | [Board Meeting Intimation for Audited Financial Results For The FY 2025-26 4 May - Board to meet on 13 May 2026 to consider Q4 and FY2026 audited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79a5a7bc-8189-49a6-8b14-8b78e3d931b1.pdf) |
| 4 May - Board to meet on 13 May 2026 to consider Q4 and FY2026 audited results; trading window closed. | [Board Meeting Intimation for Audited Financial Results For The FY 2025-26 4 May - Board to meet on 13 May 2026 to consider Q4 and FY2026 audited results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/79a5a7bc-8189-49a6-8b14-8b78e3d931b1.pdf) |
| 30 Mar - Board approved in-principle merger of Andhra Cements into Sagar Cements, subject to approvals. | [Outcome Of Board Meeting 30 Mar - Board approved in-principle merger of Andhra Cements into Sagar Cements, subject to approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3026241c-4447-4c79-8611-39536ac6f6a3.pdf) |
| 30 Mar - Board approved in-principle merger (30 Mar 2026) of Andhra Cements into holding Sagar Cements, subject to approvals. | [Board Meeting Outcome for Outcome Of Board Meeting 30 Mar - Board approved in-principle merger (30 Mar 2026) of Andhra Cements into holding Sagar Cements, subject to approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91200787-edb8-466a-88ad-3c0b965af781.pdf) |
| 29 January 2026 - CFO Nirmal Parakh resigns effective 28 February 2026, citing personal reasons. | [Resignation 29 January 2026 - CFO Nirmal Parakh resigns effective 28 February 2026, citing personal reasons.](https://nsearchives.nseindia.com/corporate/SMVD_29012026152409_Resignationcfo.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-01-21 | [Outcome Of The Board Meeting - UFR 31-12-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4dd4d829-8261-449c-8516-4619107d0f9e.pdf) |
| 2025-10-23 | [Results Unaudited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d94b9689-ac8b-474a-9316-c217973c0092.pdf) |
| 2025-07-21 | [Submission Of Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d32f803b-9d4a-4e3d-b755-c63245814da7.pdf) |
| 2025-07-21 | [Results - 30-06-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=308b25a2-5a7b-401e-938e-360a79028782.pdf) |
| 2025-05-12 | [Submission Of Financial Results For The FY 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d92fd9e-284d-4c3b-b042-f1a1132d1163.pdf) |
| 2025-01-24 | [Financial Results For The 3 Rd Quarter/9 Months Ended 31-12-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3a04eaf-8913-4dd3-951a-80d2fa1b0451.pdf) |
| 2024-10-23 | [Submission Of Un-Audited Financial Results For The 2Nd Quarter/Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7dfb0fc2-e0ad-45b2-b458-012220a99a63.pdf) |
| 2024-07-18 | [Results - For The 1St Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a639dff0-6936-481f-a398-cf3c6b324ce7.pdf) |
| 2024-05-14 | [Results - Financial Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79f2d3e1-4030-415c-b6a8-f19801690375.pdf) |
| 2024-01-24 | [Un-Audited Financial Results For The 3Rd Quarter Ended 31St December, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c36484c-93e2-4c90-bb76-d414bb8c3d01.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29109_SMVD_2024_2025_A_1133139_17092025110949.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26276_SMVD_2023_2024_01102024214024.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23335_SMVD_2022_2023_04092023110032_09042023120001.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21071_SMVD_2021_2022_02092022140549_09022022150004.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19890_SMVD_2020_2021_17122021150257_12172021160002.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17516_SMVD_2019_2020_07092020163015_07092020170004.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15970_SMVD_2018_2019_09092019163004_09092019170003.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13362_SMVD_2017_2018_06092018142120.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c81cffdf-d5af-4bda-a4ff-480518163562.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9b2f622-b9ab-4470-8095-08d90aaa4701.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 2026-09-13T19:35:51.698Z.