---
title: "DE Nora India Ltd (DENORA) — Share Price, Financials & Analysis"
symbol: "DENORA"
company: "DE Nora India Ltd"
canonical: "https://tapetide.com/stocks/DENORA"
isin: "INE244A01016"
nse_symbol: "DENORA"
bse_code: "590031"
sector: "Industrial Products"
industry: "Electrodes & Refractories"
market_cap_cr: 419.38
generated_at: "2026-09-13T19:02:46.769Z"
---

# DE Nora India Ltd (DENORA)

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

## Company

- **NSE Symbol:** DENORA
- **BSE Code:** 590031
- **ISIN:** INE244A01016
- **Sector:** Industrial Products
- **Industry:** Electrodes & Refractories
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1997-08-07
- **CEO:** Mr. Vinay Chopra
- **Employees:** 45
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** denora.com

## About

Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products[1]

## Latest Price

- **Price:** ₹798.45
- **Change:** -3.6 (-0.45%)
- **Open:** ₹802.05
- **Day High:** ₹814.2
- **Day Low:** ₹766
- **Previous Close:** ₹802.05
- **Volume:** 6410
- **As Of:** 2026-09-11T10:26:29+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:38.053056Z.

- **Market Cap:** ₹419.38 Cr
- **Classification:** Microcap
- **P/E (reported):** 35.2
- **P/E (TTM):** 34.78
- **EPS (TTM):** ₹22.96
- **EPS (reported):** ₹40.24
- **Book Value:** ₹243.58
- **Price to Book:** 3.32
- **Dividend Yield:** 0.5%
- **ROE:** 7%
- **ROCE:** 9.25%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹129 Cr
- **Net Income:** ₹9.1 Cr
- **EBITDA:** ₹14 Cr
- **52-Week High:** ₹960.35
- **52-Week Low:** ₹559
- **RSI (14):** 37.82

## Tapetide Score

- **Score:** 53 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 61 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.81 | 9% |
| growth | 64.73 | 9% |
| momentum | 83.29 | 12% |
| ownership | 51.9 | 24% |
| quality | 70.35 | 22% |
| valuation | 30.38 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Debtor days have improved from 52.4 to 35.3 days.
- Company's working capital requirements have reduced from 109 days to 41.4 days

### Weaknesses

- Stock is trading at 3.28 times its book value
- Company has a low return on equity of 5.21% over last 3 years.
- Earnings include an other income of Rs.8.45 Cr.
- Dividend payout has been low at 9.68% of profits over last 3 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 290.73% | -23.85% | 4.89% |
| ebitda margin growth | — | 81.64% | -67.41% | -65.62% |
| net income growth | — | 435.29% | -48% | -13% |
| revenue growth | 62.61% | 73.39% | 18% | 19% |
| roce | — | 303.93% | -56.1% | 17% |
| roe | — | 396.45% | 8.1% | -62.9% |

## 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 | 19.08 | 29.4 | 16.18 | 12.76 | 18.13 | 17.56 | 20.13 | 41.97 | 21.84 | 35.84 | 21.97 | 35.27 |
| Expenses | 11.44 | 21.91 | 9.93 | 9.82 | 14.92 | 28.95 | 16.3 | 39.53 | 17.82 | 33.36 | 24.24 | 29.58 |
| Operating Profit | 7.64 | 7.49 | 6.25 | 2.94 | 3.21 | -11.39 | 3.83 | 2.44 | 4.02 | 2.48 | -2.27 | 5.69 |
| OPM % | 40.04 | 25.48 | 38.63 | 23.04 | 17.71 | -64.86 | 19.03 | 5.81 | 18.41 | 6.92 | -10.33 | 16.13 |
| Other Income | 1.14 | 1.19 | 1.71 | 1.34 | 1.65 | 1.5 | 1.37 | 2.36 | 1.7 | 1.43 | 1.87 | 3.45 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.25 | 0.29 | 0.35 | 0.4 | 0.42 | 0.44 | 0.45 | 0.46 | 0.52 | 0.52 | 0.53 | 0.54 |
| Profit before tax | 8.53 | 8.39 | 7.61 | 3.88 | 4.44 | -10.33 | 4.75 | 4.34 | 5.2 | 3.39 | -0.93 | 8.6 |
| Tax % | 25.56 | 22.77 | 25.76 | 25.77 | 26.35 | -24.3 | 29.68 | 25.12 | 25.58 | 23.89 | -31.18 | 25.7 |
| Net Profit | 6.35 | 6.48 | 5.66 | 2.88 | 3.28 | -7.81 | 3.34 | 3.25 | 3.87 | 2.57 | -0.64 | 6.39 |
| EPS in Rs | 11.96 | 12.21 | 10.66 | 5.43 | 6.18 | -14.71 | 6.29 | 6.12 | 7.29 | 4.84 | -1.21 | 12.04 |

### 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 | 27 | 33 | 48 | 51 | 74 | 74 | 74 | 69 | 122 | 115 |
| Expenses | 25 | 32 | 38 | 42 | 51 | 49 | 52 | 70 | 115 | 105 |
| Operating Profit | 2 | 0 | 11 | 8 | 23 | 25 | 21 | -1 | 7 | 10 |
| OPM % | 8 | 1.5 | 22 | 17 | 31 | 34 | 29 | -1.8 | 6 | 9 |
| Other Income | 3 | 4 | 2 | 2 | 1 | 4 | 5 | 6 | 7 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 3 | 2 | 10 | 8 | 21 | 27 | 25 | 3 | 12 | 16 |
| Tax % | 45 | 13 | 22 | 25 | 26 | 25 | 25 | 38 | 25 | — |
| Net Profit | 2 | 2 | 8 | 6 | 15 | 20 | 19 | 2 | 9 | 12 |
| EPS in Rs | 3.18 | 3 | 15.31 | 10.64 | 29.1 | 38.2 | 35.81 | 3.18 | 17.07 | 22.96 |
| Dividend Payout % | 31 | 0 | 0 | 9 | 3 | 5 | 6 | 0 | 23 | — |

### 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 47 | 47 | 48 | 56 | 62 | 77 | 96 | 114 | 115 | 124 |
| Borrowings | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 12 | 11 | 12 | 13 | 13 | 12 | 14 | 7 | 22 | 30 |
| Total Liabilities | 64 | 63 | 65 | 75 | 80 | 94 | 116 | 127 | 142 | 160 |
| Fixed Assets | 7 | 14 | 12 | 10 | 10 | 7 | 8 | 13 | 15 | 18 |
| CWIP | 7 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 3 | 0 |
| Investments | 20 | 20 | 14 | 5 | 4 | 23 | 42 | 54 | 52 | 57 |
| Other Assets | 29 | 29 | 40 | 60 | 66 | 62 | 64 | 57 | 73 | 84 |
| Total Assets | 64 | 63 | 65 | 75 | 80 | 94 | 116 | 127 | 142 | 160 |

### 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 | 7 | 2 | -6 | -7 | 16 | 12 | 14 | 16 | 3 | 12 |
| Cash from Investing Activity | -3 | -2 | 7 | 7 | 1 | -16 | -24 | -14 | 1 | -3 |
| Cash from Financing Activity | -3 | -1 | -1 | 1 | -1 | -1 | -1 | -1 | -1 | 0 |
| Net Cash Flow | 1 | -2 | 1 | 1 | 16 | -5 | -10 | 1 | 3 | 9 |
| Free Cash Flow | 3 | -2 | -7 | -8 | 15 | 11 | 11 | 9 | 0 | 8 |
| CFO/OP | 451 | 163 | -1094 | -46 | 203 | 74 | 86 | 106 | -602 | 248 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 82 | 64 | 61 | 97 | 79 | 58 | 84 | 51 | 71 | 35 |
| Inventory Days | 198 | 398 | 516 | 471 | 273 | 288 | 397 | 401 | 413 | 164 |
| Days Payable | 114 | 264 | 182 | 83 | 47 | 37 | 91 | 51 | 81 | 56 |
| Cash Conversion Cycle | 166 | 199 | 396 | 486 | 305 | 309 | 391 | 401 | 403 | 144 |
| Working Capital Days | 14 | 48 | 136 | 218 | 156 | 132 | 164 | 157 | 128 | 41 |
| ROCE % | 9 | 6 | 4 | 18 | 12 | 28 | 30 | 22 | 1 | 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 | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% | 53.68% |
| FIIs | 0% | 0% | 0.11% | 0.1% | 0.09% | 0.1% | 0.14% | 0.03% | 0.01% | 0.01% | 0.72% | 0.83% |
| DIIs | 0% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 37.76% | 38.35% | 38.25% | 37.78% | 37.47% | 37.41% | 37.2% | 37.32% | 37.33% | 37.38% | 37.08% | 37.46% |
| Others | 8.56% | 7.75% | 7.75% | 8.23% | 8.54% | 8.59% | 8.77% | 8.75% | 8.77% | 8.71% | 8.3% | 7.81% |
| No. of Shareholders | 12748 | 14615 | 15415 | 14878 | 15813 | 16033 | 15762 | 15485 | 15024 | 14679 | 14214 | 13960 |

## 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 / 6 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 812.03 | Sell |
| EMA (10) | 811.11 | Sell |
| SMA (20) | 821.36 | Sell |
| EMA (20) | 822.22 | Sell |
| SMA (50) | 854.78 | Sell |
| EMA (50) | 832.94 | Sell |
| SMA (100) | 820.3 | Sell |
| EMA (100) | 815.91 | Sell |
| SMA (200) | 748.69 | Buy |
| EMA (200) | 793.34 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.68 | Neutral |
| MACD (12,26,9) | -13.82 | Sell |
| Stochastic (14,3,3) | 34.81 | Neutral |
| ADX (14) | 23.32 | Neutral |
| Williams %R (14) | -58.92 | Neutral |
| ATR (14) | 30.84 | High Volatility |
| ROC (12) | -1.62 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 36.74 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24e9cff5-00ae-4586-97dd-b26946a74494.pdf) |
| 2026-08-26 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71a94540-793d-4e1f-b89a-94118209867d.pdf) |
| 2026-08-26 | [Intimation Of Notice Of 37Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6fc6ebb9-95ae-4de7-be78-0bc0af374e6d.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=698a96d2-4050-433e-9d00-76b16919859b.pdf) |
| 2026-08-13 | [Intimation Regarding Updation Of PAN And KYC Details By Holders Of Securities In Physical Form](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e634d6d-149b-4541-8551-7c3662ff78cb.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1223a2f-4c43-4c99-ac42-dbc056b21d62.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76c3ffa6-856a-450a-afdb-cb1098a41186.pdf) |
| 2026-07-30 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On July 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d16e403-e4da-4781-aa93-83c84c5fba54.pdf) |
| 2026-07-30 | [Record Date For The Purpose Of Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0511467b-8e96-4347-a5c0-a355b7b65a02.pdf) |
| 2026-07-21 | [Board Meeting Intimation for To Approve The Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b66478d9-2ff2-46f9-8aae-1ec35a9a03e5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e165f21-ae7d-4341-b20f-972558c6e4ca.pdf) |
| 2026-05-04 | [Outcome Of Board Meeting Held On May 4 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=539e9ce1-350e-441f-a00b-498b1bd8662d.pdf) |
| 2025-11-05 | [Outcome Of Board Meeting Held On November 05 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9e63b08-16c4-4f85-b92f-b46f53a8f5c9.pdf) |
| 2025-07-30 | [Results- Unaudited Financial Results For The Quarter Ended June 30Th 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e05feae-fc6b-402e-aa8f-75aefc646deb.pdf) |
| 2025-01-30 | [Unaudited Financial Results For The Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bcfb3a7-8ac4-4f59-88e2-2e0999407b5c.pdf) |
| 2024-10-24 | [Unaudited Financial Results For The Quarter Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9834e3c-a6f0-4756-b2a5-49add26660c1.pdf) |
| 2024-07-26 | [Intimation Of Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d8ff4eb-8bfe-4416-909e-6313d066df61.pdf) |
| 2024-04-30 | [Audited Financial Results For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4855653a-e0ad-4ba6-ba6f-6a976109766f.pdf) |
| 2023-10-30 | [Outcome Of Board Meeting Held On October 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73958a0b-de82-4031-8443-baaf440e0c05.pdf) |
| 2023-07-28 | [Unaudited Financial Results For The Quarter Ended June 30, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=435ad165-00a9-4b66-afaa-18ea17a2c640.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Announcement under Regulation 30 (LODR)- Newspaper Publication for Transfer and Dematerialisation of Physical Securities. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Feb - Announcement under Regulation 30 (LODR)- Newspaper Publication for Transfer and Dematerialisation of Physical Securities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c74eaff9-eb99-4073-9453-2915c62bd642.pdf) |
| 9 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28b46617-8640-4434-acfb-c49ae4e9aa54.pdf) |
| 7 Jan - Certificate under SEBI Regulation 74(5) confirming dematerialisation processing for quarter ended Dec 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Certificate under SEBI Regulation 74(5) confirming dematerialisation processing for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/989fc5f4-9fe7-48ce-8a8f-8e0316c4b0ce.pdf) |
| 7 Apr - Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialisation of physical securities. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Apr - Copy of Newspaper Publication regarding Special Window for Transfer and Dematerialisation of physical securities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9cffd04-3f70-4c99-b1c5-0e35b96c57c2.pdf) |
| 5 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026; no violations reported. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 5 May - Submitted Annual Secretarial Compliance Report for FY ended March 31, 2026; no violations reported.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/07c4d757-cb8b-4803-9ba1-a4cddad33ce0.pdf) |
| 5 May - Copy of Newspaper Publication of Extract of Audited Financial Results for the year ended March 31, 2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 May - Copy of Newspaper Publication of Extract of Audited Financial Results for the year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1548ad94-8d06-4380-ac9e-5ba9904f792f.pdf) |
| 4 May - Board approved FY2025-26 audited results and recommended Rs.4 dividend per share. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, May 4, 2026. 4 May - Board approved FY2025-26 audited results and recommended Rs.4 dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b97c957c-f126-4d7d-ab78-517ee3753a5f.pdf) |
| 4 May - Board approved FY2025-26 audited results and recommended Rs.4 dividend per share. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, May 4, 2026. 4 May - Board approved FY2025-26 audited results and recommended Rs.4 dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b97c957c-f126-4d7d-ab78-517ee3753a5f.pdf) |
| 4 Feb - Newspaper Publication of Extract of Unaudited Financial Results for the quarter ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Feb - Newspaper Publication of Extract of Unaudited Financial Results for the quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58aa7ea8-ad50-4958-b7b0-68c3de68b75f.pdf) |
| 3 Feb - Quarter ended Dec 31, 2025: revenue Rs3,584.14 lakh; profit Rs257.18 lakh; results approved. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday, February 3, 2026 3 Feb - Quarter ended Dec 31, 2025: revenue Rs3,584.14 lakh; profit Rs257.18 lakh; results approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f1ad0ae-c74e-4976-a473-97497a7a3f8e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_DENORA_2010_2010_08042011111011.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3728cc86-7e0b-4c0f-9883-a275a050190f.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20ba1fec-135c-44ec-84b9-8b1d72fc723e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/202bce0e-b13b-46bf-88d8-29e20d362f1c.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/74759590031.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/69855590031.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/65109590031.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/5900310319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/5900310318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/590031/5900310317.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 2026-09-13T19:02:46.769Z.