---
title: "Indbank Merchant Banking Services Ltd (INDBANK) — Share Price, Financials & Analysis"
symbol: "INDBANK"
company: "Indbank Merchant Banking Services Ltd"
canonical: "https://tapetide.com/stocks/INDBANK"
isin: "INE841B01017"
nse_symbol: "INDBANK"
bse_code: "511473"
sector: "Capital Markets"
industry: "Stock Broking"
market_cap_cr: 122.71
generated_at: "2026-09-13T19:38:57.529Z"
---

# Indbank Merchant Banking Services Ltd (INDBANK)

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

## Company

- **NSE Symbol:** INDBANK
- **BSE Code:** 511473
- **ISIN:** INE841B01017
- **Sector:** Capital Markets
- **Industry:** Stock Broking
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2008-10-08
- **CEO:** Mr. V. Haribabu
- **Employees:** 100
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indbankonline.com

## About

Incorporated in 1989, Indbank Merchant Banking Services Ltd. is engaged in Merchant Banking, Stock Broking, Depository Participant and allied activities.

## Latest Price

- **Price:** ₹27.64
- **Change:** -0.08 (-0.29%)
- **Open:** ₹27.85
- **Day High:** ₹28.45
- **Day Low:** ₹27.25
- **Previous Close:** ₹27.72
- **Volume:** 56742
- **As Of:** 2026-09-11T10:24:38+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:44.336742Z.

- **Market Cap:** ₹122.71 Cr
- **Classification:** Microcap
- **P/E (reported):** 16.6
- **P/E (TTM):** 16.65
- **EPS (TTM):** ₹1.66
- **EPS (reported):** ₹2.11
- **Book Value:** ₹22.25
- **Price to Book:** 1.24
- **Dividend Yield:** 0%
- **ROE:** 7.11%
- **ROCE:** 9.97%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹25.2 Cr
- **Net Income:** ₹7 Cr
- **EBITDA:** ₹10.1 Cr
- **52-Week High:** ₹47.15
- **52-Week Low:** ₹26.4
- **RSI (14):** 28.93

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.12 | 9% |
| growth | 44.01 | 9% |
| momentum | 32.99 | 12% |
| ownership | 50 | 24% |
| quality | 79.04 | 22% |
| valuation | 51.18 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 9.08% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | 276.72% | 272.73% |
| ebitda margin growth | 60% | -10.89% | -17.38% | -4.43% |
| net income growth | 100% | -17.65% | 32% | 12% |
| revenue growth | 15% | -5.97% | 11% | 11% |
| roce | — | -21.37% | -29.09% | 11.77% |
| roe | — | -22.97% | 8.66% | -27.37% |

## 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 | 6.04 | 6.6 | 6.86 | 7.7 | 8.13 | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 | 6.9 |
| Expenses | 2.73 | 3.24 | 3.54 | 3.86 | 3.62 | 3.6 | 3.65 | 3.78 | 3.63 | 3.59 | 4.06 | 3.74 |
| Operating Profit | 3.31 | 3.36 | 3.32 | 3.84 | 4.51 | 2.03 | 1.66 | 2.91 | 2.65 | 2.66 | 1.83 | 3.16 |
| OPM % | 54.8 | 50.91 | 48.4 | 49.87 | 55.47 | 36.06 | 31.26 | 43.5 | 42.2 | 42.56 | 31.07 | 45.8 |
| Other Income | 0.01 | 0.01 | 0.96 | 0.01 | 0 | 0.02 | 0 | 0 | 0.01 | 0 | 0.13 | 0 |
| Interest | 0.03 | 0 | 0.01 | 0.02 | 0.02 | 0.05 | 0.04 | 0.07 | 0.09 | 0.02 | 0.01 | 0.01 |
| Depreciation | 0.09 | 0.1 | 0.09 | 0.12 | 0.11 | 0.11 | 0.1 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Profit before tax | 3.2 | 3.27 | 4.18 | 3.71 | 4.38 | 1.89 | 1.52 | 2.78 | 2.51 | 2.58 | 1.88 | 3.08 |
| Tax % | 24.38 | 21.71 | 39.95 | 23.18 | 24.66 | 38.1 | 25 | 23.02 | 26.29 | 25.97 | 35.64 | 23.05 |
| Net Profit | 2.42 | 2.56 | 2.5 | 2.85 | 3.3 | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 | 2.38 |
| EPS in Rs | 0.55 | 0.58 | 0.56 | 0.64 | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 | 0.54 |

### 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 | 13.82 | 10.39 | 11.47 | 14.91 | 20.62 | 18.24 | 24.76 | 26.57 | 24.95 | 25.32 |
| Expenses | 8.65 | 8.95 | 12.48 | 12.87 | 14.17 | 12.74 | 13.8 | 14.61 | 15.15 | 15.02 |
| Operating Profit | 5.17 | 1.44 | -1.01 | 2.04 | 6.45 | 5.5 | 10.96 | 11.96 | 9.8 | 10.3 |
| OPM % | 37.41 | 13.86 | -8.81 | 13.68 | 31.28 | 30.15 | 44.26 | 45.01 | 39.28 | 40.68 |
| Other Income | 0.81 | 2.13 | 5.77 | 4.56 | 3.83 | 1.62 | 2.11 | 0.24 | 0.42 | 0.14 |
| Interest | 1.58 | 1.53 | 1.52 | 1.53 | 1.53 | 0.89 | 0.08 | 0.26 | 0.22 | 0.13 |
| Depreciation | 0.43 | 0.23 | 0.3 | 0.19 | 0.2 | 0.37 | 0.38 | 0.44 | 0.24 | 0.26 |
| Profit before tax | 3.97 | 1.81 | 2.94 | 4.88 | 8.55 | 5.86 | 12.61 | 11.5 | 9.76 | 10.05 |
| Tax % | 44.08 | 2.76 | 28.91 | 17.01 | 18.6 | 40.1 | 28.63 | 26.43 | 27.05 | — |
| Net Profit | 2.22 | 1.77 | 2.09 | 4.06 | 6.96 | 3.5 | 9 | 8.46 | 7.12 | 7.37 |
| EPS in Rs | 0.5 | 0.4 | 0.47 | 0.91 | 1.57 | 0.79 | 2.03 | 1.91 | 1.6 | 1.66 |
| 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 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 |
| Reserves | 9.98 | 12.13 | 13.86 | 15.83 | 19.9 | 26.75 | 30.13 | 38.99 | 47.27 | 54.36 |
| Borrowings | 1.58 | 0.03 | 0 | 0 | 0 | 0 | 2.79 | 0 | 0.01 | 0 |
| Other Liabilities | 24.39 | 24.47 | 9.3 | 13.94 | 19.91 | 21.33 | 20.08 | 22.97 | 26.23 | 24.4 |
| Total Liabilities | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106.34 | 117.89 | 123.14 |
| Fixed Assets | 4.07 | 3.73 | 3.58 | 3.33 | 3.37 | 3.71 | 3.55 | 3.32 | 3.13 | 3.05 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.13 | 0 | 0 | 0 | 0 |
| Investments | 2.1 | 1.24 | 0.45 | 0.19 | 0.8 | 1.3 | 1.37 | 2.44 | 1.83 | 3.02 |
| Other Assets | 74.16 | 76.04 | 63.51 | 70.63 | 80.02 | 87.32 | 92.46 | 100.58 | 112.93 | 117.07 |
| Total Assets | 80.33 | 81.01 | 67.54 | 74.15 | 84.19 | 92.46 | 97.38 | 106.34 | 117.89 | 123.14 |

### 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 | 5.55 | 4.65 | 4.95 | 14.92 | 8.14 | 0.55 | -5.3 | -1.16 | -0.07 | 2.05 |
| Cash from Investing Activity | -6.47 | -2.94 | -3.41 | -10.32 | -8.44 | -0.98 | -1.03 | -0.17 | 0.56 | -1.44 |
| Cash from Financing Activity | 0 | -0.8 | 0 | 0 | -1.51 | -1.51 | -0.89 | -0.07 | -0.12 | -0.19 |
| Net Cash Flow | -0.92 | 0.9 | 1.54 | 4.61 | -1.8 | -1.93 | -7.22 | -1.4 | 0.37 | 0.41 |
| Free Cash Flow | 5.47 | 4.56 | 4.87 | 14.88 | 7.94 | -0.12 | -5.39 | -1.3 | -0.32 | 1.88 |
| CFO/OP | 1354 | 123 | 350 | -1528 | 405 | 30 | -81 | 11 | 29 | 42 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 318.6 | 210.5 | 184.43 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 93.33 |
| Cash Conversion Cycle | 318.6 | 210.5 | 184.43 | 29.28 | 78.58 | 59.65 | 82.45 | 67.52 | 81.87 | 93.33 |
| Working Capital Days | 587.67 | 452.42 | -23.19 | -308.36 | -286.66 | -71.87 | 1.4 | 71.94 | -29.67 | 58.81 |
| ROCE % | 12.36 | 9.87 | 5.68 | 7.51 | 10.27 | 14.89 | 7.02 | 13.41 | 13.44 | 10.26 |

## 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 | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| FIIs | 0% | 0% | 0.05% | 0.07% | 0.2% | 0% | 0% | 0.03% | 0% | 0% | 0% | 0% |
| DIIs | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.67% | 29.42% | 30.26% | 29.82% | 29.02% | 29.23% | 29.63% | 29.48% | 29.44% | 29.44% | 29.13% | 29.16% |
| Others | 5.4% | 5.65% | 4.76% | 5.18% | 5.85% | 5.84% | 5.44% | 5.56% | 5.63% | 5.63% | 5.94% | 5.91% |
| No. of Shareholders | 44710 | 43353 | 48265 | 49986 | 49132 | 51232 | 50969 | 51236 | 51231 | 50537 | 50062 | 49528 |

## 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 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 28.91 | Sell |
| EMA (10) | 28.68 | Sell |
| SMA (20) | 30.41 | Sell |
| EMA (20) | 29.86 | Sell |
| SMA (50) | 31.99 | Sell |
| EMA (50) | 31.4 | Sell |
| SMA (100) | 32.86 | Sell |
| EMA (100) | 32.4 | Sell |
| SMA (200) | 33.8 | Sell |
| EMA (200) | 33.19 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.59 | Buy |
| MACD (12,26,9) | -1.35 | Sell |
| Stochastic (14,3,3) | 14.98 | Buy |
| ADX (14) | 42.53 | Buy |
| Williams %R (14) | -78.62 | Neutral |
| ATR (14) | 1.14 | High Volatility |
| ROC (12) | -13.46 | Sell |
| Stoch RSI (14) | 44.72 | Neutral |
| UO (7,14,28) | 30.48 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Book Closure For The Purpose Of Conducting The AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d77fd303-b29d-4d16-a890-4837777794a2.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6b1a83f-abff-4b00-87ba-ed1f7231340d.pdf) |
| 2026-08-28 | [Notice Of 37Th AGM Scheduled To Be Held On Thursday 24Th September 2026 At 11.30 AM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8313a8af-ae57-4266-a50c-2750ffeaca94.pdf) |
| 2026-08-28 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79230647-76a7-4d11-93a3-254d6f77885a.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cde4ddfb-1844-4330-8bdd-c5a2c6d11238.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bf7bb8d-b52c-4c90-bb88-ad71c49dc16a.pdf) |
| 2026-07-08 | [Board Meeting Outcome for Out Come Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bdb406ef-4d10-4749-8ba3-3ead3f2555bc.pdf) |
| 2026-07-08 | [Board Meeting Outcome for Revised Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b651156a-2bda-47c4-9362-6151748e2256.pdf) |
| 2026-07-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c3d52542-ab7c-4947-bbc4-36de9f0d6915.pdf) |
| 2026-07-02 | [Board Meeting Intimation for Approving The Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9d28e95-6549-4f2d-bb01-4df0839b62a6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-08 | [Un-Audited Financials For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04f552f0-0269-47f5-a98f-95c831ac077c.pdf) |
| 2026-04-20 | [Audited Financial Results For The Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e024ba6c-1161-4ddd-8f8a-7a96fed4ab03.pdf) |
| 2026-01-14 | [Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2026ac90-2fe7-4f0e-b2e8-2ef2b3d3d58e.pdf) |
| 2025-10-13 | [Un-Audited Financial Results For The Quarter Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e992fc1-8470-4dea-be7c-0f5ac5e914cf.pdf) |
| 2025-07-18 | [Un-Audited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff4b3034-882d-4e9b-bdf6-916ae28d5b14.pdf) |
| 2025-04-24 | [Audited Financials For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12565610-0a45-4883-abe7-1bc52a1f1ba6.pdf) |
| 2025-01-21 | [Un-Audited Financial Results For The Quarter Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0d61323-5eef-47a9-8a53-46a2c3be2042.pdf) |
| 2024-10-21 | [Un-Audited Financial Results For The Quarter Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e65e953-2157-4fbd-a166-840832dfad81.pdf) |
| 2024-07-19 | [Un-Audited Financial Results For The Quarter Ended 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7be5c182-e913-498b-b7bc-30fc96cfb7b7.pdf) |
| 2024-04-22 | [Audited Financial Results For The Year Ended 31St March 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8536143-30be-40cc-8c83-b2d82f13ee5f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9h - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b396eff-b749-4fe3-920b-8bdc15a6dd94.pdf) |
| 7h - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion. | [Board Meeting Outcome for Outcome Of The Meeting 7h - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e7d5337-8cee-4231-9276-462adeb7e5b6.pdf) |
| 7 Jan - 199th Board meeting on 14 Jan 2026 in Chennai to approve unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Meeting Of The Board Of The Company Has Been Scheduled On Wednesday, 14Th January 2026 At Chennai, Inter-Alia, To Consider And Approve The Un-Audited Financial Results For The Quarter Ended 31St December 2025 7 Jan - 199th Board meeting on 14 Jan 2026 in Chennai to approve unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a393602f-bf8c-4210-b81f-d5023b7f1623.pdf) |
| 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5f8e6ad-f823-46cc-959e-c1bd3b9525ca.pdf) |
| 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Indbank files SEBI initial disclosure: not a large corporate, with NIL long-term borrowings as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e5f8e6ad-f823-46cc-959e-c1bd3b9525ca.pdf) |
| 24 Apr - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Apr - News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b396eff-b749-4fe3-920b-8bdc15a6dd94.pdf) |
| 20 Apr - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion. | [Board Meeting Outcome for Outcome Of The Meeting 20 Apr - Board approved audited FY26 results on 20 Apr 2026; auditors issued unmodified opinion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e7d5337-8cee-4231-9276-462adeb7e5b6.pdf) |
| 19 Jan - News Paper Publication regarding quarterly financial results | [Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jan - News Paper Publication regarding quarterly financial results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56877db7-102b-4c24-a00b-ec8bf097da25.pdf) |
| 15 Apr - 201st Board Meeting on 20 April 2026 to consider audited FY26 financial results. | [Board Meeting Intimation for 201St Meeting Of The Board Scheduled On Monday, 20Th April 2026 15 Apr - 201st Board Meeting on 20 April 2026 to consider audited FY26 financial results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/602540b4-dac2-42cb-8b5b-c32741d7bb2c.pdf) |
| 14 Jan - Board approved Q3 (31-Dec-2025) unaudited results; profit Rs191.66 lakh; limited review report unmodified. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Jan - Board approved Q3 (31-Dec-2025) unaudited results; profit Rs191.66 lakh; limited review report unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d238cc3-149e-4f18-ad7a-27882853e42c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af8ec35b-a5ca-424e-8079-dfbd0e3c0243.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19ec5dbc-7753-432c-86e4-8026deab6e16.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3871fa5c-6295-4c62-bcfc-36d1498b747d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/75569511473.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/70786511473.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/65874511473.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/5114730319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/5114730318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/5114730317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/511473/5114730316.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 2026-09-13T19:38:57.529Z.