---
title: "Avantel Ltd (AVANTEL) — Share Price, Financials & Analysis"
symbol: "AVANTEL"
company: "Avantel Ltd"
canonical: "https://tapetide.com/stocks/AVANTEL"
isin: "INE005B01027"
nse_symbol: "AVANTEL"
bse_code: "532406"
sector: "Aerospace & Defense"
industry: "Engineering"
market_cap_cr: 4143.76
generated_at: "2026-09-13T19:38:53.340Z"
---

# Avantel Ltd (AVANTEL)

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

## Company

- **NSE Symbol:** AVANTEL
- **BSE Code:** 532406
- **ISIN:** INE005B01027
- **Sector:** Aerospace & Defense
- **Industry:** Engineering
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-31
- **CEO:** Dr. Abburi Vidyasagar
- **Employees:** 332
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** avantel.in

## About

Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite  communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defence sectors. [1]

## Latest Price

- **Price:** ₹156.46
- **Change:** -2.61 (-1.64%)
- **Open:** ₹157.77
- **Day High:** ₹157.77
- **Day Low:** ₹154.96
- **Previous Close:** ₹159.07
- **Volume:** 782263
- **As Of:** 2026-09-11T10:28:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:16.116734Z.

- **Market Cap:** ₹4143.76 Cr
- **Classification:** Microcap
- **P/E (reported):** 244.7
- **P/E (TTM):** 244.47
- **EPS (TTM):** ₹0.64
- **EPS (reported):** ₹2.13
- **Book Value:** ₹12.73
- **Price to Book:** 12.49
- **Dividend Yield:** 0.13%
- **ROE:** 4.43%
- **ROCE:** 8.62%
- **Debt to Equity:** 0.1
- **Revenue (yearly):** ₹225.3 Cr
- **Net Income:** ₹15 Cr
- **EBITDA:** ₹50.4 Cr
- **52-Week High:** ₹215
- **52-Week Low:** ₹117.05
- **RSI (14):** 48.31

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.61 | 9% |
| growth | 19.07 | 9% |
| momentum | 40.97 | 12% |
| ownership | 80.37 | 24% |
| quality | 50.17 | 22% |
| valuation | 16.13 | 24% |

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

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 17.8%

### Weaknesses

- Stock is trading at 12.3 times its book value
- Promoter holding has decreased over last 3 years: -3.06%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -79.86% | -84.58% | 131.1% |
| ebitda margin growth | 19.05% | -40.55% | -39.39% | -15.19% |
| net income growth | 12.5% | -73.4% | -17% | 0% |
| revenue growth | 8.63% | -10.2% | 13% | 23% |
| roce | 14.57% | -73.3% | -80.56% | 30.08% |
| roe | 13% | -81.38% | 20.08% | -79.67% |

## 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 | 54.33 | 59.33 | 41.76 | 51.76 | 77.42 | 70.68 | 49.26 | 51.91 | 55.42 | 51.72 | 63.83 | 70.42 |
| Expenses | 29.38 | 34.89 | 23.6 | 37.6 | 42.73 | 38.63 | 37.65 | 41.46 | 44.1 | 39.18 | 50.24 | 52.98 |
| Operating Profit | 24.95 | 24.44 | 18.16 | 14.16 | 34.69 | 32.05 | 11.61 | 10.45 | 11.32 | 12.54 | 13.59 | 17.44 |
| OPM % | 45.92 | 41.19 | 43.49 | 27.36 | 44.81 | 45.35 | 23.57 | 20.13 | 20.43 | 24.25 | 21.29 | 24.77 |
| Other Income | 0.4 | 0.36 | 0.46 | 0.3 | 0.49 | 0.51 | 0.48 | 0.05 | 0.91 | 0.41 | 1.1 | 0.12 |
| Interest | 1.51 | 0.87 | 0.31 | 0.64 | 0.72 | 1.02 | 0.66 | 0.8 | 1.26 | 1.77 | 1.81 | 1.76 |
| Depreciation | 1.64 | 1.84 | 2.45 | 2.86 | 2.96 | 3.05 | 2.94 | 4.4 | 4.76 | 5.36 | 5.57 | 7.1 |
| Profit before tax | 22.2 | 22.09 | 15.86 | 10.96 | 31.5 | 28.49 | 8.49 | 5.3 | 6.21 | 5.82 | 7.31 | 8.7 |
| Tax % | 27.61 | 26.12 | 23.33 | 32.66 | 27.3 | 29.48 | 28.39 | 39.25 | 31.4 | 52.92 | 34.75 | 37.93 |
| Net Profit | 16.07 | 16.32 | 12.15 | 7.38 | 22.9 | 20.08 | 6.08 | 3.23 | 4.27 | 2.74 | 4.77 | 5.39 |
| EPS in Rs | 0.61 | 0.62 | 0.46 | 0.28 | 0.87 | 0.76 | 0.23 | 0.12 | 0.16 | 0.1 | 0.18 | 0.2 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 16 | 23 | 78 | 105 | 154 | 224 | 249 | 223 | 241 |
| Expenses | 14 | 18 | 56 | 78 | 108 | 143 | 157 | 175 | 186 |
| Operating Profit | 2 | 5 | 22 | 27 | 47 | 82 | 92 | 48 | 55 |
| OPM % | 12 | 22 | 29 | 25 | 30 | 36 | 37 | 22 | 23 |
| Other Income | 0 | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 3 |
| Interest | 1 | 1 | 2 | 2 | 5 | 4 | 3 | 6 | 7 |
| Depreciation | 1 | 1 | 3 | 4 | 6 | 8 | 12 | 20 | 23 |
| Profit before tax | 1 | 3 | 18 | 22 | 37 | 72 | 79 | 25 | 28 |
| Tax % | 10 | 34 | 17 | 20 | 27 | 27 | 29 | 39 | — |
| Net Profit | 1 | 2 | 15 | 18 | 27 | 53 | 56 | 15 | 17 |
| EPS in Rs | 0.03 | 0.06 | 0.58 | 0.68 | 1.02 | 2 | 2.13 | 0.56 | 0.64 |
| Dividend Payout % | 0 | 24 | 11 | 9 | 6 | 9 | 9 | 35 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 4 | 4 | 16 | 49 | 49 | 53 |
| Reserves | 6 | 8 | 62 | 78 | 91 | 115 | 188 | 285 |
| Borrowings | 0 | 0 | 3 | 16 | 30 | 18 | 26 | 34 |
| Other Liabilities | 9 | 6 | 17 | 11 | 12 | 34 | 26 | 37 |
| Total Liabilities | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 |
| Fixed Assets | 7 | 8 | 16 | 27 | 31 | 48 | 115 | 181 |
| CWIP | 0 | 0 | 1 | 7 | 9 | 18 | 5 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 14 | 12 | 70 | 75 | 110 | 149 | 171 | 223 |
| Total Assets | 21 | 19 | 87 | 109 | 149 | 216 | 290 | 410 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | -1 | 45 | -32 | 2 | 65 | 50 | 10 |
| Cash from Investing Activity | -1 | -1 | -42 | 23 | -10 | -42 | -57 | -93 |
| Cash from Financing Activity | 0 | 0 | -3 | 9 | 8 | -23 | 8 | 86 |
| Net Cash Flow | 3 | -2 | 0 | 0 | 0 | 1 | 1 | 4 |
| Free Cash Flow | 3 | -3 | 39 | -53 | -10 | 35 | -15 | -83 |
| CFO/OP | 200 | -21 | 217 | -106 | 22 | 96 | 87 | 38 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 134 | 93 | 62 | 126 | 94 | 104 | 104 | 117 |
| Inventory Days | 143 | 122 | 34 | 131 | 258 | 218 | 345 | 521 |
| Days Payable | 329 | 112 | 4 | 6 | 18 | 28 | 24 | 11 |
| Cash Conversion Cycle | -52 | 103 | 91 | 251 | 334 | 295 | 426 | 627 |
| Working Capital Days | 33 | 81 | 24 | 166 | 161 | 143 | 183 | 243 |
| ROCE % | — | 33 | — | 29 | 35 | 47 | 37 | 10 |

## 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 | 40.1% | 40.1% | 40.06% | 40.06% | 40.06% | 38.58% | 38.57% | 37.15% | 37.15% | 37.08% | 37.04% | 37.04% |
| FIIs | 0% | 0% | 0% | 0.01% | 0.11% | 0.18% | 0.48% | 0.48% | 0.67% | 0.6% | 0.55% | 1.53% |
| DIIs | 0% | 0% | 0% | 0.39% | 0.65% | 0.92% | 0.42% | 0.18% | 0.16% | 0% | 0.92% | 1.14% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 48.93% | 49.49% | 49.68% | 49.22% | 49.15% | 50.28% | 50.65% | 52.06% | 51.79% | 51.6% | 51.14% | 49.55% |
| Others | 10.97% | 10.41% | 10.25% | 10.31% | 10.03% | 10.05% | 9.87% | 10.14% | 10.24% | 10.72% | 10.34% | 10.73% |
| No. of Shareholders | 47135 | 82759 | 98052 | 149081 | 194783 | 204932 | 208381 | 208591 | 209275 | 204063 | 197774 | 189918 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 157.44 | Sell |
| EMA (10) | 157.74 | Sell |
| SMA (20) | 158.47 | Sell |
| EMA (20) | 158.71 | Sell |
| SMA (50) | 164.39 | Sell |
| EMA (50) | 161.7 | Sell |
| SMA (100) | 164.83 | Sell |
| EMA (100) | 161.59 | Sell |
| SMA (200) | 155.97 | Buy |
| EMA (200) | 157.34 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.48 | Neutral |
| MACD (12,26,9) | -1.62 | Buy |
| Stochastic (14,3,3) | 43.36 | Neutral |
| ADX (14) | 9.09 | Neutral |
| Williams %R (14) | -76.68 | Neutral |
| ATR (14) | 4.39 | Neutral |
| ROC (12) | -0.31 | Sell |
| Stoch RSI (14) | 40.55 | Neutral |
| UO (7,14,28) | 32.64 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - CARE report for Q4 FY26 shows Rs 80.91 crore rights issue funds mostly utilized; Rs 4.43 crore remains unutilized. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 9h - CARE report for Q4 FY26 shows Rs 80.91 crore rights issue funds mostly utilized; Rs 4.43 crore remains unutilized.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b131c08-7393-4e85-8695-cdd895893983.pdf) |
| 9 Apr - Board meeting on April 26, 2026 to approve FY26 audited results, final dividend, and AGM date. | [Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Financial Year Ended March 31, 2026 And Recommendation Of Final Dividend, If Any. 9 Apr - Board meeting on April 26, 2026 to approve FY26 audited results, final dividend, and AGM date.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4eda485-4290-4c16-a803-bae54dad8b1d.pdf) |
| 8h - Board revised final dividend to Re.0.20 per share for FY2025-26; record date June 12, 2026. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 8h - Board revised final dividend to Re.0.20 per share for FY2025-26; record date June 12, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/456b2d54-6d04-449c-b1d6-a2fb19609795.pdf) |
| 8h - Analyst/investor meetings on March 11, 2026 at Bharat Connect; presentation uploaded Feb 13, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h - Analyst/investor meetings on March 11, 2026 at Bharat Connect; presentation uploaded Feb 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c684035-4794-40e9-9642-4a2c044b8266.pdf) |
| 6 Apr - Avantel won Rs.11.59 crore order from NewSpace India Limited for Xponders, execution by October 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 6 Apr - Avantel won Rs.11.59 crore order from NewSpace India Limited for Xponders, execution by October 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5968df9d-82ae-46c4-aed2-6e07dd3bc9e7.pdf) |
| 5 May - BEL amended power amplifier order, adding Rs.3.01 crore to existing Rs.8.03 crore order, executable by July 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 May - BEL amended power amplifier order, adding Rs.3.01 crore to existing Rs.8.03 crore order, executable by July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/df742bfe-94fa-4182-98c7-69cb9189e224.pdf) |
| 5 May - Avantel chairman donated 60 lakh equity shares to Lakshmee Foundation on May 4, 2026. | [Submission Of Press Release 5 May - Avantel chairman donated 60 lakh equity shares to Lakshmee Foundation on May 4, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a84b715f-3ecc-4835-99c7-74691854e274.pdf) |
| 4 May - Avantel reported FY26 consolidated revenue of Rs 222.87 crore, net profit Rs 14.99 crore, and recommended Rs 0.20 dividend. | [Board Meeting Outcome for Revised Outcome 4 May - Avantel reported FY26 consolidated revenue of Rs 222.87 crore, net profit Rs 14.99 crore, and recommended Rs 0.20 dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e77c1fb-5473-4f9f-a50b-56d381207be4.pdf) |
| 4 May - Avantel reported FY26 consolidated revenue of Rs 222.87 crore, net profit Rs 14.99 crore, and recommended Rs 0.20 dividend. | [Board Meeting Outcome for Revised Outcome 4 May - Avantel reported FY26 consolidated revenue of Rs 222.87 crore, net profit Rs 14.99 crore, and recommended Rs 0.20 dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e77c1fb-5473-4f9f-a50b-56d381207be4.pdf) |
| 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ending March 31, 2026. | [Closure of Trading Window 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ending March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70a844be-62b0-404e-8519-7947e9c2981e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbb53710-5351-4dba-bfb2-69cc621a28c2.pdf) |
| 2026-08-17 | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c83e417c-8f5c-4476-8189-9055e002e48e.pdf) |
| 2026-08-17 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f11d8d3-7519-4b78-87f2-b9251fc7e460.pdf) |
| 2026-08-17 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=006322e1-3bb6-4f7d-9f07-f1cdbc37aef2.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0dc0f57-4f35-4925-a36a-340c2ae39800.pdf) |
| 2026-07-18 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6b48fa9-ffe9-43a7-bebe-960f2e835ba9.pdf) |
| 2026-07-17 | [Announcement Under Regulation 30 - Letters Sent To Shareholders Whose E-Mail Addresses Are Not Registered With The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1811091-a71c-4299-b8f4-eace006a1224.pdf) |
| 2026-07-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07c91bd0-ec19-4908-8e03-91c8e0210ac5.pdf) |
| 2026-07-16 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad3f5dad-0082-48cc-82bc-416ab3a887e6.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68d0dddc-4fa7-4892-ad63-257a37c78438.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-11 | [Un-Audited Standalone And Consolidated Financial Results Along With Limited Review Report For The First Quarter And Three Months Period Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3a6b594-584c-4ec0-99f0-c6c59f1041a4.pdf) |
| 2026-04-26 | [Audited Financial Results Of The Company (Standalone Consolidated And Segment) For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42df03fc-9973-40ac-b326-9dcfea331709.pdf) |
| 2026-01-25 | [Un-Audited Financial Results For The Third Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6413e3de-a3fe-4ab2-a8c3-82081168b874.pdf) |
| 2025-10-18 | [Un-Audited Financial Results For The Second Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e162b62a-625c-4419-863d-6eabfba53bb8.pdf) |
| 2025-07-25 | [Un-Audited Financial Results For The Period Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f0ae3c5-9e05-47e8-aa18-c44775279bab.pdf) |
| 2025-01-18 | [Submission Of The Un-Audited Financial Results And Limited Review Report For The Third Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d7ea1f6-f2fa-4696-b907-e80a5f27b593.pdf) |
| 2024-10-05 | [Submission Of The Un-Audited Financial Results And Limited Review Report For The Second Quarter Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e3a65a9-0f90-4751-8e62-1797110b4a0c.pdf) |
| 2024-07-19 | [Submission Of The Un-Audited Financial Results And Limited Review Report For The First Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=803148d7-4223-4e90-a8d9-4578d85a78d6.pdf) |
| 2024-04-25 | [Audited Financial Results For The Quarter And Year Ended March 31, 2024, As Per The Provisions Of Regulation 33 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e5fdecb-2d76-42ec-bda3-2d95c98b0201.pdf) |
| 2024-01-19 | [Submission Of The Un-Audited Financial Results And Limited Review Report Of The Company As Per The Provisions Of Regulation 33 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8d96457-4f7d-41b7-93e3-ad95a3e67fea.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3815cb36-7727-444e-a042-cf15ec28136d.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eca4dc5a-eee8-442d-9895-63a998e8cfd5.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5996c2ce-cde2-427e-9187-067022d3f418.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84a82268-43bd-4b7e-83e1-a0bf9d02cf77.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a306300-4e9b-43cc-9e21-e9fc69728026.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60d7d5a2-c92d-4228-827e-33f07c2c46df.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a070031-3e52-4877-855d-58f6fb08c0ac.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2cccffc5-fbfb-429a-94ab-b0d479ef26c4.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b49e327-6eaf-4f76-bbb6-a590ff2ff38e.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1b35ec45-0c21-4835-beb4-61f29f093342.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/735548e6-17af-4f49-b06f-73e4113829af.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f66c951e-985d-4fc5-a260-b35fea769431.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/083b67fd-828e-4f5e-b233-37dd9294d679.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01ce5927-693d-4d70-9e4d-5661d4628503.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/740af442-256f-4829-b725-ba758fba4fc4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25c4f33d-a4ba-431e-a31e-b528ac651798.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14a10fa1-b8ac-41eb-9512-afb1961bdee7.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532406/72979532406.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/507205/74209507205_01_09_22.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532406/68461532406.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 2026-09-13T19:38:53.340Z.