---
title: "Emami Paper Mills Ltd (EMAMIPAP) — Share Price, Financials & Analysis"
symbol: "EMAMIPAP"
company: "Emami Paper Mills Ltd"
canonical: "https://tapetide.com/stocks/EMAMIPAP"
isin: "INE830C01026"
nse_symbol: "EMAMIPAP"
bse_code: "533208"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 695.74
generated_at: "2026-09-13T19:15:06.813Z"
---

# Emami Paper Mills Ltd (EMAMIPAP)

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

## Company

- **NSE Symbol:** EMAMIPAP
- **BSE Code:** 533208
- **ISIN:** INE830C01026
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2019-05-30
- **CEO:** Mr. Aditya Vardhan Agarwal B.Com.
- **Employees:** 1075
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** emamipaper.in

## About

Incorporated in 1981, Emami Paper Mills Ltd manufactures writing and printing paper, newsprint, and also packaging boards[1]

## Latest Price

- **Price:** ₹116
- **Change:** -1.74 (-1.48%)
- **Open:** ₹117.69
- **Day High:** ₹119
- **Day Low:** ₹113.11
- **Previous Close:** ₹117.74
- **Volume:** 14352
- **As Of:** 2026-09-11T10:01:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:25.764296Z.

- **Market Cap:** ₹695.74 Cr
- **Classification:** Microcap
- **P/E (reported):** 7.7
- **P/E (TTM):** 7.49
- **EPS (TTM):** ₹15.49
- **Book Value:** ₹81.94
- **Price to Book:** 1.45
- **Dividend Yield:** 2.72%
- **ROE:** 10.67%
- **ROCE:** 13.91%
- **Debt to Equity:** 1.81
- **Revenue (yearly):** ₹1928.3 Cr
- **Net Income:** ₹61.4 Cr
- **EBITDA:** ₹217.2 Cr
- **52-Week High:** ₹133.7
- **52-Week Low:** ₹55
- **RSI (14):** 57.3

## Tapetide Score

- **Score:** 52 / 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:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 18.92 | 9% |
| growth | 42.47 | 9% |
| momentum | 88.56 | 12% |
| ownership | 39.09 | 24% |
| quality | 61.76 | 22% |
| valuation | 86.49 | 24% |

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

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 26.8%

### Weaknesses

- The company has delivered a poor sales growth of 9.41% over past five years.
- Company has a low return on equity of 11.2% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 350.5% | -43.86% | -40.01% |
| ebitda margin growth | 7.77% | 48.75% | -6.17% | -30.15% |
| net income growth | 22.54% | 136.15% | -3% | 40% |
| revenue growth | 9.56% | -0.22% | -7% | 9% |
| roce | — | 71.52% | -9.2% | 14.36% |
| roe | — | 177.86% | 8.47% | -39.31% |

## 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 | 437 | 515 | 484 | 504 | 495 | 454 | 475 | 460 | 451 | 500 | 496 | 560 |
| Expenses | 385 | 434 | 414 | 460 | 458 | 424 | 444 | 422 | 414 | 440 | 434 | 477 |
| Operating Profit | 52 | 81 | 70 | 43 | 37 | 30 | 31 | 38 | 36 | 60 | 62 | 83 |
| OPM % | 12 | 16 | 14 | 9 | 8 | 7 | 7 | 8 | 8 | 12 | 13 | 15 |
| Other Income | 0 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 5 | -2 | 15 | 0 |
| Interest | 17 | 16 | 16 | 14 | 15 | 17 | 16 | 17 | 17 | 18 | 16 | 17 |
| Depreciation | 12 | 13 | 21 | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 | 13 |
| Profit before tax | 22 | 53 | 35 | 17 | 10 | 2 | 4 | 9 | 10 | 26 | 47 | 53 |
| Tax % | 26 | 25 | 23 | 27 | 25 | 5 | 2 | 33 | 35 | 36 | 34 | 28 |
| Net Profit | 16 | 39 | 27 | 13 | 8 | 2 | 4 | 6 | 7 | 17 | 32 | 39 |
| EPS in Rs | 2.71 | 6.51 | 4.49 | 2.12 | 1.25 | 0.28 | 0.65 | 1.04 | 1.09 | 2.81 | 5.21 | 6.38 |

### 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 | 1356 | 1538 | 1515 | 1216 | 1958 | 2381 | 1994 | 1928 | 1907 | 2008 |
| Expenses | 1195 | 1300 | 1307 | 1038 | 1644 | 2159 | 1758 | 1786 | 1711 | 1766 |
| Operating Profit | 161 | 239 | 209 | 178 | 314 | 222 | 236 | 142 | 196 | 241 |
| OPM % | 12 | 16 | 14 | 15 | 16 | 9 | 12 | 7 | 10 | 12 |
| Other Income | 11 | 4 | -23 | 92 | -4 | 2 | 3 | 4 | 20 | 18 |
| Interest | 84 | 107 | 117 | 95 | 83 | 63 | 67 | 61 | 68 | 68 |
| Depreciation | 64 | 69 | 73 | 72 | 74 | 68 | 60 | 52 | 55 | 55 |
| Profit before tax | 24 | 66 | -5 | 103 | 153 | 93 | 112 | 33 | 93 | 137 |
| Tax % | 32 | 34 | 131 | 50 | 25 | 26 | 25 | 22 | 34 | — |
| Net Profit | 16 | 44 | -10 | 51 | 115 | 69 | 84 | 26 | 61 | 94 |
| EPS in Rs | 2.71 | 7.27 | -1.73 | 8.44 | 18.98 | 11.43 | 13.93 | 4.3 | 10.15 | 15.49 |
| Dividend Payout % | 44 | 16 | 0 | 0 | 8 | 14 | 11 | 37 | 32 | — |

### 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 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 222 | 231 | 246 | 207 | 284 | 397 | 443 | 518 | 499 | 484 |
| Borrowings | 1392 | 1530 | 1548 | 1401 | 1151 | 1029 | 1102 | 850 | 936 | 897 |
| Other Liabilities | 186 | 191 | 305 | 298 | 341 | 340 | 419 | 334 | 361 | 430 |
| Total Liabilities | 1812 | 1964 | 2111 | 1918 | 1788 | 1779 | 1976 | 1714 | 1808 | 1822 |
| Fixed Assets | 1220 | 1282 | 1297 | 1298 | 1225 | 1161 | 1148 | 1085 | 1059 | 1031 |
| CWIP | 5 | 9 | 103 | 1 | 0 | 31 | 4 | 10 | 4 | 5 |
| Investments | 56 | 56 | 44 | 24 | 54 | 49 | 39 | 45 | 59 | 39 |
| Other Assets | 532 | 618 | 667 | 595 | 509 | 538 | 785 | 574 | 686 | 748 |
| Total Assets | 1812 | 1964 | 2111 | 1918 | 1788 | 1779 | 1976 | 1714 | 1808 | 1822 |

### 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 | -15 | 69 | 275 | 313 | 246 | 329 | 32 | 351 | 44 | 197 |
| Cash from Investing Activity | -60 | -124 | -157 | 31 | -7 | -34 | -24 | -10 | -17 | -26 |
| Cash from Financing Activity | 30 | 39 | -123 | -335 | -246 | -307 | -9 | -336 | -32 | -172 |
| Net Cash Flow | -45 | -16 | -4 | 10 | -7 | -12 | 0 | 5 | -5 | 0 |
| Free Cash Flow | -78 | -57 | 118 | 274 | 238 | 294 | 8 | 340 | 26 | 168 |
| CFO/OP | -8 | 47 | 121 | 151 | 137 | 105 | 23 | 153 | 36 | 107 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 48 | 60 | 50 | 50 | 60 | 41 | 40 | 48 | 45 | 52 |
| Inventory Days | 117 | 111 | 133 | 111 | 108 | 67 | 91 | 69 | 103 | 114 |
| Days Payable | 42 | 36 | 75 | 76 | 88 | 47 | 46 | 33 | 42 | 58 |
| Cash Conversion Cycle | 123 | 135 | 107 | 86 | 80 | 61 | 84 | 84 | 106 | 109 |
| Working Capital Days | -38 | -29 | -56 | -68 | -77 | -20 | -10 | 1 | 4 | 13 |
| ROCE % | 6 | 6 | 10 | 8 | 8 | 17 | 10 | 12 | 7 | 11 |

## 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 | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| FIIs | 0.5% | 0.5% | 0.5% | 0.5% | 0.56% | 0.55% | 0.55% | 0.54% | 0.53% | 0.53% | 0.53% | 0.54% |
| DIIs | 4.33% | 3.81% | 3.01% | 1.03% | 0.58% | 0% | 0% | 0% | 0.04% | 0.07% | 0.06% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 7.51% | 7.98% | 8.74% | 10.52% | 11.01% | 11.53% | 11.54% | 11.54% | 11.38% | 11.03% | 11.38% | 11.35% |
| Others | 12.7% | 12.75% | 12.78% | 12.98% | 12.87% | 12.94% | 12.93% | 12.95% | 13.08% | 13.4% | 13.06% | 13.14% |
| No. of Shareholders | 13072 | 13087 | 14409 | 16325 | 19211 | 21275 | 21138 | 20916 | 20191 | 19650 | 19283 | 19122 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 6 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 114.83 | Buy |
| EMA (10) | 116.18 | Sell |
| SMA (20) | 115.52 | Buy |
| EMA (20) | 114.77 | Buy |
| SMA (50) | 108.06 | Buy |
| EMA (50) | 108.16 | Buy |
| SMA (100) | 95.12 | Buy |
| EMA (100) | 99.95 | Buy |
| SMA (200) | 88.3 | Buy |
| EMA (200) | 94.31 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.26 | Neutral |
| MACD (12,26,9) | 2.32 | Sell |
| Stochastic (14,3,3) | 61.92 | Neutral |
| ADX (14) | 25.39 | Buy |
| Williams %R (14) | -42.33 | Neutral |
| ATR (14) | 5.26 | High Volatility |
| ROC (12) | -4.12 | Sell |
| Stoch RSI (14) | 31.46 | Neutral |
| UO (7,14,28) | 59.73 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9197e9e-db06-4c59-acdd-39c403787bf3.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b1ecdb6-bdcb-4247-9f15-a5e6510a224d.pdf) |
| 2026-08-11 | [Intimation Under Regulation 30 Of SEBI Listing Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2ad456a-7723-414e-856b-221eed4e3229.pdf) |
| 2026-08-10 | [Intimation Of 44Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e849df96-7aee-4c05-9a9b-301c79813a26.pdf) |
| 2026-08-10 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cb6b0c3-eef4-40b4-ac45-8e4cdf401b46.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2d2e1b4-32f7-4693-8565-c50268fa6659.pdf) |
| 2026-08-04 | [Intimation Of The Record Date For The 44Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47242be1-2dfa-4a59-9d98-405b3c783013.pdf) |
| 2026-08-04 | [Announcement Under Regulation 30 - Submission Of Annual Report For FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2929aae7-803b-423b-b578-06557835469d.pdf) |
| 2026-08-04 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4950c086-8487-4495-9560-71d89c82b3bf.pdf) |
| 2026-07-31 | [Intimation Of Redemption Of Unlisted Series II Tranche IV Optionally Convertible Redeemable Preference Shares (OCRPS) Having ISIN - INE830C04053.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5b1a965-c71e-4360-a49f-0aba70011837.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-22 | [Please Find The Unaudited Financial Results For The Quarter Ended 30Th June2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab2e2197-a960-42e5-8af5-78064e85cd5d.pdf) |
| 2026-05-28 | [Audited Financial Results For The 4Th Quarter And Year Ended 31St March2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a311bb2-ca41-45c9-8b0e-2ada2d8886a6.pdf) |
| 2026-02-12 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c4ace8d-8f93-4e7e-9fb2-fd2f8b039b47.pdf) |
| 2025-10-31 | [Emami Paper Mills Limited - Unaudited Financial Resutls For The Quarter And Half Year Ended 30Th September2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=665b6c28-778e-4ada-89ad-fca7eea20151.pdf) |
| 2025-07-29 | [Unaudited Financial Results For The Quarter Ended 30Th June2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3396c86a-1a6c-420d-8aeb-7025476a463f.pdf) |
| 2025-06-14 | [Audited Financial Results For The Financial Year Ended 31St March 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=245959e1-b689-4b3a-acc4-8f154014ec25.pdf) |
| 2025-02-13 | [Unaudited Standalone Financial Results For The Quarter And Nine Months Ended 31St December2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a62e8f6-56ac-4d10-bfb5-b4bc6d1c3898.pdf) |
| 2024-11-07 | [Unaudited Financial Results For The Quarter/Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83148d42-bee0-4c6e-bdfc-e528a17d288d.pdf) |
| 2024-08-09 | [Unaudited Financial Results For The Quarter Ended 30Th June,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd2f42e6-e13c-4641-8f2e-571cf9126dfd.pdf) |
| 2024-05-28 | [Audited Financial Results With Audit Report With Unmodified Opinion For The Financial Year Ended 31St March,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96d54cba-a6bf-42f3-986f-0fcbb955ed40.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Mar - Ind-Ra affirmed Emami Paper Mills' INR 12,795 million bank facilities IND A-/Stable and IND A2+ on 6 Mar 2026 | [Announcement under Regulation 30 (LODR)-Credit Rating 6 Mar - Ind-Ra affirmed Emami Paper Mills' INR 12,795 million bank facilities IND A-/Stable and IND A2+ on 6 Mar 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b030dd64-633f-49b7-b483-ccba37349ded.pdf) |
| 6 Apr - Regulation 74(5) compliance certificate for January-March 2026; no dematerialisation requests received. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Regulation 74(5) compliance certificate for January-March 2026; no dematerialisation requests received.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a553e5f5-89ff-434b-aef7-ca49dab2e4c2.pdf) |
| 3 Mar - Sumit Jaiswal appointed Company Secretary & Compliance Officer and IEPF nodal officer, effective 3 March 2026; KMP disclosure authorisations. | [Board Meeting Outcome for Outcome Of Board Meeting 3 Mar - Sumit Jaiswal appointed Company Secretary & Compliance Officer and IEPF nodal officer, effective 3 March 2026; KMP disclosure authorisations.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c757eaab-fb7d-4d98-ab6f-06b5abbc81f1.pdf) |
| 3 Mar - Appointed Sumit Jaiswal as Company Secretary, Compliance Officer and IEPF Nodal Officer effective 3 March 2026. | [Appointment of Company Secretary and Compliance Officer 3 Mar - Appointed Sumit Jaiswal as Company Secretary, Compliance Officer and IEPF Nodal Officer effective 3 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76425d7c-4129-4967-ad7a-753968d9bafc.pdf) |
| 3 Mar - Appointed Sumit Jaiswal as Company Secretary, Compliance and Nodal Officer effective 3 March 2026. | [Announcement Under Regulation 30(5) Of SEBI (LODR) Regualations, 2015. 3 Mar - Appointed Sumit Jaiswal as Company Secretary, Compliance and Nodal Officer effective 3 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3aee337-5e0c-4737-b086-a759e93a98d3.pdf) |
| 27 Mar - Redeemed 270,000 OCRPS (INE830C04038) on 27-Mar-2026; ₹100 face + ₹500 premium each. | [Intimation Of Redemption Of Unlisted Series II Tranche III Optionally Convertible Redeemable Preference Shares (OCRPS) Having ISIN - INE830C04038 27 Mar - Redeemed 270,000 OCRPS (INE830C04038) on 27-Mar-2026; ₹100 face + ₹500 premium each.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a5464f0-badd-42b7-8b67-9048078c795c.pdf) |
| — | [Closure of Trading Window 24 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5128451-bba2-41f9-b767-54c9725d6466.pdf) |
| — | [Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 27 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/AED1685C_BE7A_49E3_9FD7_79B489680575_175735.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3cb6b0c3-eef4-40b4-ac45-8e4cdf401b46.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/770a47ab-166a-48e9-8494-d0bfdde0b5b1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f005b41-b684-45b8-8ad0-8cac64718ac7.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d44a404-8cbb-4f4d-88df-e2165cb0db72.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/73920533208.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/69273533208.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/64993533208.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/5332080319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/5332080318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533208/5332080317.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 2026-09-13T19:15:06.813Z.