---
title: "Ador Welding Ltd (ADOR) — Share Price, Financials & Analysis"
symbol: "ADOR"
company: "Ador Welding Ltd"
canonical: "https://tapetide.com/stocks/ADOR"
isin: "INE045A01017"
nse_symbol: "ADOR"
bse_code: "517041"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 2772.62
generated_at: "2026-09-13T18:57:10.843Z"
---

# Ador Welding Ltd (ADOR)

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

## Company

- **NSE Symbol:** ADOR
- **BSE Code:** 517041
- **ISIN:** INE045A01017
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1995-05-10
- **CEO:** Ms. Ninotchka Malkani Nagpal
- **Employees:** 853
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** adorwelding.com

## About

Ador Welding Ltd is a  leading player in the field of Welding Products, Technologies and Services. It is also engaged in providing customized solutions for multi-disciplinary projects and contracts related to refineries, oil and gas, petrochemicals and other sectors.[1]

## Latest Price

- **Price:** ₹1603.7
- **Change:** -19.7 (-1.21%)
- **Open:** ₹1633.9
- **Day High:** ₹1633.9
- **Day Low:** ₹1579.4
- **Previous Close:** ₹1623.4
- **Volume:** 30109
- **As Of:** 2026-09-11T10:01:36+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:14.842947Z.

- **Market Cap:** ₹2772.62 Cr
- **Classification:** Microcap
- **P/E (reported):** 24.9
- **P/E (TTM):** 24.57
- **EPS (TTM):** ₹65.28
- **EPS (reported):** ₹36.6
- **Book Value:** ₹318.6
- **Price to Book:** 5.09
- **Dividend Yield:** 1.42%
- **ROE:** 14.79%
- **ROCE:** 20.26%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹1158.2 Cr
- **Net Income:** ₹82 Cr
- **EBITDA:** ₹139.4 Cr
- **52-Week High:** ₹1766.4
- **52-Week Low:** ₹848
- **RSI (14):** 54.2

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 85.46 | 9% |
| growth | 35.94 | 9% |
| momentum | 90.07 | 12% |
| ownership | 50 | 24% |
| quality | 64.88 | 22% |
| valuation | 60.29 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 55.2%

### Weaknesses

- Promoter holding has decreased over last 3 years: -3.14%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -15.5% | 98.76% | 46.62% |
| ebitda margin growth | -23.34% | 13.8% | -3.91% | 99.34% |
| net income growth | -19.3% | 36.44% | 14% | 42% |
| revenue growth | -3.36% | 1.46% | 13% | 20% |
| roce | -25.59% | 15.71% | -18.83% | 16.2% |
| roe | -19.3% | 24.92% | 14.97% | -438.44% |

## 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 | 276 | 260 | 296 | 268 | 268 | 273 | 308 | 251 | 280 | 287 | 318 | 309 |
| Expenses | 239 | 232 | 263 | 240 | 247 | 249 | 277 | 255 | 245 | 243 | 271 | 273 |
| Operating Profit | 36 | 28 | 33 | 28 | 21 | 24 | 31 | -4 | 35 | 44 | 47 | 35 |
| OPM % | 13 | 11 | 11 | 10 | 8 | 9 | 10 | -1.8 | 12 | 15 | 15 | 11 |
| Other Income | 4 | 5 | 7 | 6 | -36 | 4 | 4 | 5 | 5 | -2 | 3 | 7 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 36 | 28 | 34 | 28 | -21 | 23 | 30 | -5 | 34 | 36 | 45 | 37 |
| Tax % | 25 | 28 | 26 | 25 | -25 | 26 | 26 | -24 | 25 | 26 | 26 | 25 |
| Net Profit | 27 | 20 | 25 | 21 | -16 | 17 | 22 | -3 | 26 | 27 | 34 | 27 |
| EPS in Rs | 19.62 | 14.68 | 18.72 | 15.27 | -11.83 | 9.66 | 12.64 | -1.99 | 14.72 | 15.57 | 19.27 | 15.72 |

### 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 | 458 | 512 | 526 | 447 | 661 | 777 | 1067 | 1117 | 1135 | 1194 |
| Expenses | 423 | 468 | 484 | 425 | 601 | 688 | 946 | 1011 | 1013 | 1032 |
| Operating Profit | 35 | 45 | 42 | 22 | 61 | 89 | 121 | 105 | 123 | 161 |
| OPM % | 8 | 9 | 8 | 5 | 9 | 11 | 11 | 9 | 11 | 14 |
| Other Income | 10 | 10 | 9 | -19 | 14 | 6 | 21 | -23 | 11 | 13 |
| Interest | 6 | 11 | 10 | 8 | 6 | 4 | 6 | 6 | 4 | 2 |
| Depreciation | 10 | 10 | 11 | 11 | 11 | 12 | 15 | 18 | 19 | 20 |
| Profit before tax | 28 | 35 | 30 | -16 | 58 | 79 | 121 | 59 | 111 | 152 |
| Tax % | 34 | 31 | 15 | -24 | 23 | 25 | 26 | 26 | 26 | — |
| Net Profit | 19 | 24 | 26 | -12 | 45 | 59 | 89 | 43 | 83 | 114 |
| EPS in Rs | 13.65 | 17.54 | 18.84 | -8.82 | 33.11 | 43.6 | 65.71 | 24.97 | 47.58 | 65.28 |
| Dividend Payout % | 37 | 37 | 34 | 0 | 38 | 40 | 37 | 80 | 48 | — |

### 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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 17 | 17 |
| Reserves | 224 | 234 | 250 | 235 | 224 | 268 | 310 | 485 | 498 | 546 |
| Borrowings | 35 | 81 | 65 | 82 | 29 | 2 | 17 | 45 | 2 | 3 |
| Other Liabilities | 107 | 102 | 103 | 108 | 108 | 109 | 111 | 158 | 180 | 271 |
| Total Liabilities | 380 | 430 | 431 | 439 | 375 | 393 | 452 | 701 | 698 | 838 |
| Fixed Assets | 101 | 102 | 115 | 125 | 116 | 117 | 123 | 156 | 196 | 204 |
| CWIP | 4 | 1 | 1 | 0 | 3 | 7 | 2 | 25 | 4 | 3 |
| Investments | 14 | 6 | 7 | 6 | 12 | 20 | 20 | 56 | 32 | 47 |
| Other Assets | 261 | 322 | 308 | 308 | 244 | 248 | 306 | 463 | 466 | 584 |
| Total Assets | 380 | 430 | 431 | 439 | 375 | 393 | 452 | 701 | 698 | 838 |

### 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 | 0 | -37 | 63 | 13 | 79 | 26 | 14 | 58 | 139 | 117 |
| Cash from Investing Activity | -11 | 0 | -19 | -21 | -7 | -5 | -10 | -42 | -19 | -67 |
| Cash from Financing Activity | 19 | 33 | -33 | -13 | -61 | -31 | -5 | -19 | -93 | -38 |
| Net Cash Flow | 7 | -4 | 11 | -22 | 12 | -10 | -1 | -4 | 26 | 12 |
| Free Cash Flow | -16 | -46 | 44 | -9 | 71 | 28 | 0 | 16 | 100 | 95 |
| CFO/OP | 33 | -78 | 164 | 58 | 348 | 67 | 36 | 75 | 154 | 122 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 63 | 73 | 60 | 90 | 86 | 51 | 59 | 61 | 63 | 75 |
| Inventory Days | 56 | 60 | 52 | 62 | 70 | 70 | 81 | 77 | 64 | 78 |
| Days Payable | 85 | 84 | 67 | 72 | 87 | 60 | 51 | 45 | 62 | 100 |
| Cash Conversion Cycle | 34 | 50 | 45 | 80 | 69 | 61 | 89 | 93 | 64 | 53 |
| Working Capital Days | 64 | 81 | 66 | 56 | 42 | 54 | 65 | 61 | 60 | 53 |
| ROCE % | 12 | 11 | 14 | 12 | 6 | 20 | 27 | 28 | 20 | 23 |

## 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 | 56.9% | 56.9% | 56.9% | 56.94% | 56.94% | 53.24% | 53.7% | 53.7% | 53.72% | 53.73% | 53.76% | 53.76% |
| FIIs | 0.12% | 0% | 0.1% | 0.05% | 0.04% | 0.06% | 0.03% | 0.07% | 0.09% | 0.14% | 0.37% | 1.06% |
| DIIs | 4.02% | 2.76% | 5.74% | 10.22% | 12% | 10.31% | 11% | 11.85% | 12.44% | 12.57% | 12.63% | 10.47% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.9% | 27.44% | 26.82% | 21.65% | 20.82% | 26.03% | 25.38% | 24.95% | 24.54% | 24.44% | 24.2% | 25.33% |
| Others | 11.05% | 12.89% | 10.44% | 11.14% | 10.19% | 10.36% | 9.88% | 9.43% | 9.2% | 9.13% | 9.04% | 9.38% |
| No. of Shareholders | 28059 | 30274 | 32575 | 29283 | 30665 | 41468 | 40702 | 38889 | 37949 | 36356 | 35567 | 35275 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1665.09 | Sell |
| EMA (10) | 1634.9 | Sell |
| SMA (20) | 1629.46 | Sell |
| EMA (20) | 1614.61 | Sell |
| SMA (50) | 1513.05 | Buy |
| EMA (50) | 1511.65 | Buy |
| SMA (100) | 1319.23 | Buy |
| EMA (100) | 1377.17 | Buy |
| SMA (200) | 1169.07 | Buy |
| EMA (200) | 1238.73 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.55 | Neutral |
| MACD (12,26,9) | 37.56 | Sell |
| Stochastic (14,3,3) | 39.46 | Neutral |
| ADX (14) | 39.71 | Buy |
| Williams %R (14) | -66.57 | Neutral |
| ATR (14) | 64.45 | High Volatility |
| ROC (12) | 4.73 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 35.98 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 1 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 1 analyst ratings, observed at 2026-09-11T04:47:14.823683+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Intimation To The Holders Of Physical Shares To Furnish KYC Details](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61e58733-7ab0-4cd2-af56-571d67bd97a7.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c378cdd5-c06e-4cf0-b6fa-575475734af7.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8bcb7255-6d79-47cf-b56d-9213dec0c6f3.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d2171c8-d9fb-4ea6-b562-7ab79a4863e2.pdf) |
| 2026-07-30 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 30Th July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ebc5b57-621b-487a-9a04-d285b9fdc57d.pdf) |
| 2026-07-30 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62a241af-d492-4887-a6d1-5cc98d747619.pdf) |
| 2026-07-24 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7c0a888-902f-4360-8939-0a3b0c3cd427.pdf) |
| 2026-07-23 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf1136a2-8221-420e-bb93-f0456ebac7bb.pdf) |
| 2026-07-23 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3665cef6-4366-4454-bde4-04f896fa4bbd.pdf) |
| 2026-07-23 | [Proceedings Of The Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2ed03ec-26af-4c04-a58c-94414a5992b5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-21 | [Financial Results For The First Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ace83ac2-5e20-4ff0-b8cc-5324482d9b54.pdf) |
| 2026-04-29 | [Financial Results For The Fourth Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bde02ef4-83f5-4c88-97a6-e14d4ecd2022.pdf) |
| 2026-01-16 | [Results For The Quarter Ended 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c48d97bb-11a3-422c-862c-0367c3b3e2c1.pdf) |
| 2025-10-15 | [Financial Results For The Quarter Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5e3fdb0-3aa2-453a-aba1-7f8bbbdfe69a.pdf) |
| 2025-08-13 | [Results - First Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ae2bb61-3fe3-4974-b0a0-fae8c9a6a583.pdf) |
| 2025-05-06 | [The Financial Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07678f7f-c4fa-4326-b5e5-ce41c7a4bd4a.pdf) |
| 2025-01-24 | [Results - Quarter Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb2b3a48-53cb-45ac-bda2-327be896698f.pdf) |
| 2024-11-12 | [Results - Financial Results For Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d23bc41-a0d7-4fbe-b443-862fbb83ef7e.pdf) |
| 2024-08-02 | [Results - Financial Results For First Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dfd985a2-8326-4ae1-9244-9d7761ad2184.pdf) |
| 2024-04-30 | [Results - Financial Results For Quarter And Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1f77fae-f92c-482d-9478-a91cef93cb15.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Board meets on 29 April 2026 to approve audited FY26 results and consider dividend. | [Board Meeting Intimation for The Board Meeting Of 9h - Board meets on 29 April 2026 to approve audited FY26 results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f845815-d9eb-4a38-9bb4-d07b548da69f.pdf) |
| 9 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations,2018 for the quarter ended December, 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations,2018 for the quarter ended December, 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe412452-3b34-4c0a-9c87-1b322ab4012c.pdf) |
| 8 Apr - Newspaper Publication w.r.t. Special Window for transfer and dematerialization of physical shares | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Apr - Newspaper Publication w.r.t. Special Window for transfer and dematerialization of physical shares](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb58c728-ca4f-4aea-8527-c43a7d78795c.pdf) |
| 7 Jan - RTA confirmed dematerialisation details for ADOR Welding for quarter 01 Oct–31 Dec 2025 (letter dated 01 Jan 2026). | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - RTA confirmed dematerialisation details for ADOR Welding for quarter 01 Oct–31 Dec 2025 (letter dated 01 Jan 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fb91f2b-0408-4cda-ab4e-56a6608c0b3e.pdf) |
| 7 Feb - Q3 Dec 31, 2025 standalone revenue Rs 376,939 lakh; PAT Rs 23,782 lakh; expansion commissioning underway. | [UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2025 (Q3) 7 Feb - Q3 Dec 31, 2025 standalone revenue Rs 376,939 lakh; PAT Rs 23,782 lakh; expansion commissioning underway.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24550728-4601-4f72-a73b-9e647959ada0.pdf) |
| 7 Feb - Board approved Q3 FY26 unaudited results (Dec 31, 2025); limited review; ₹13.92 lakh gratuity charge; expansion commissioning. | [Board Meeting Outcome for Outcome Of The 1ST (2026) Board Meeting Held Today On 07/02/2026 7 Feb - Board approved Q3 FY26 unaudited results (Dec 31, 2025); limited review; ₹13.92 lakh gratuity charge; expansion commissioning.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49aedba8-5cd2-43f2-88f2-882c9361dfc1.pdf) |
| 4 May - Transcript of Invest Meet held on 30th April, 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Invest Meet held on 30th April, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2247604-95cb-42ea-8a00-5290f24ff647.pdf) |
| 4 May - Transcript of Invest Meet held on 30th April, 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 May - Transcript of Invest Meet held on 30th April, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2247604-95cb-42ea-8a00-5290f24ff647.pdf) |
| 31 Mar - FPED consolidated into M&R under Ravi Kumar Palli, effective 01 April 2026. | [Board Meeting Outcome for Outcome Of The Board Meeting 31 Mar - FPED consolidated into M&R under Ravi Kumar Palli, effective 01 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c0ebbd6-f459-41d2-8e06-dd80b91d2689.pdf) |
| 30 Jan - Board meeting 7 Feb 2026 to approve unaudited Q3 results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results As Reviewed By The Statutory Auditor For The Third Quarter Ended 31St December, 2025. 30 Jan - Board meeting 7 Feb 2026 to approve unaudited Q3 results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9405ba80-50c3-4b2c-8f49-62ceaf6dedff.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2247604-95cb-42ea-8a00-5290f24ff647.pdf) |
| 2025-10-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d6db0bd-21dd-4b0e-9185-98e3e27d7125.pdf) |
| 2025-05-15 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fc1abf9-ecc1-4aed-90f8-9f8314f3449e.pdf) |
| 2024-11-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0111138d-3744-436e-8df3-fa0359959659.pdf) |
| 2024-05-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7200735-45c0-4523-a9ea-4a181eb53cd2.pdf) |
| 2023-11-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed4d6e7c-91d1-4720-a73a-df4009947205.pdf) |
| 2023-06-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=affcbaea-a304-4124-aa02-90086649510f.pdf) |
| 2023-02-13 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c52346f5-25b3-4d6a-99e8-2568d3bac145.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-04-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f9c0e22-6822-4cce-a775-efb126ee3f2c.pdf) |
| 2025-10-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a95b232-4e0b-4676-bd65-e4c0c2c3d449.pdf) |
| 2025-05-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8642193-8548-47d0-9dd7-e75eece1cf01.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92035425-1927-4c1a-b5b8-8cdda757a742.pdf) |
| 2024-05-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c66df37f-3cb9-4b80-b31b-df337fcb99c3.pdf) |
| 2023-11-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3796c16-6592-4a7b-9564-422e9edf7164.pdf) |
| 2023-06-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=448d7e8c-e6e6-4e8e-aa45-dc522d24cf2e.pdf) |
| 2023-02-08 | [Investor / Analyst Call Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c9781ec-4031-47ad-b559-d066499aca77.pdf) |
| 2022-12-21 | [Investor / Analyst Call Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7bec1d1-5a1d-4c19-8e2f-eec661b75b9d.pdf) |
| 2022-11-16 | [Investor / Analyst Call Audio Recording](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf815f02-e86a-4c2c-89b1-f1f165adfa62.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84fa8fa1-8466-4235-b10e-9ee53523bc61.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51600047-fae2-4af9-9de2-b8ad5b5f7cc9.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/368fa8ac-5867-4fc7-b337-2a973607d1eb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ec43659-c218-45a4-ace6-7506cc74e908.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71218324-2919-4d69-96d9-884905bfad0b.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba4379c3-efc5-4b6b-8c8b-c79aab986926.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3386b97-d7e0-4f0c-b66e-2b0780173fd3.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517041/73406517041.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533001/76666533001.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517041/68972517041.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d6db0bd-21dd-4b0e-9185-98e3e27d7125.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0111138d-3744-436e-8df3-fa0359959659.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed4d6e7c-91d1-4720-a73a-df4009947205.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed76bb7e-2abc-4ced-8412-133a92fa7112.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed76bb7e-2abc-4ced-8412-133a92fa7112.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8f0d557-11e4-4005-a983-684d0f07f84f.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2dc650dd-4f38-4124-8f81-50727d62b226.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2dc650dd-4f38-4124-8f81-50727d62b226.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8f0d557-11e4-4005-a983-684d0f07f84f.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fc1abf9-ecc1-4aed-90f8-9f8314f3449e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2023-02-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7be702ed-b251-4882-98eb-1287ad5cc76b.pdf) |
| 2022-12-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eccba486-cb0a-4eb0-8f3f-39e1765110a8.pdf) |
| 2022-11-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88bd8f5c-3d9c-4fd0-91d0-73dd109635db.pdf) |
| 2022-06-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4b1542c-d139-42f9-ab79-8a71f4104dc3.pdf) |
| 2021-06-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aac27f8e-03ae-46a8-a507-986472d40e47.pdf) |

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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 2026-09-13T18:57:10.843Z.