---
title: "Integrity Infrabuild Developers Ltd (INTEGRITY) — Share Price, Financials & Analysis"
symbol: "INTEGRITY"
company: "Integrity Infrabuild Developers Ltd"
canonical: "https://tapetide.com/stocks/INTEGRITY"
isin: "INE0YSH01017"
nse_symbol: "INTEGRITY"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 77
generated_at: "2026-09-13T19:36:34.564Z"
---

# Integrity Infrabuild Developers Ltd (INTEGRITY)

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

## Company

- **NSE Symbol:** INTEGRITY
- **ISIN:** INE0YSH01017
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-05-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** integrityinfrabuild.com

## About

Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat.[1]

## Latest Price

- **Price:** ₹175
- **Change:** 0 (0%)
- **Open:** ₹175
- **Day High:** ₹175
- **Day Low:** ₹175
- **Previous Close:** ₹175
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:12+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:36.058483Z.

- **Market Cap:** ₹77 Cr
- **Classification:** SME
- **P/E (reported):** 10.9
- **Book Value:** ₹56.45
- **Price to Book:** 3.1
- **Dividend Yield:** 0%
- **ROE:** 25.14%
- **ROCE:** 29.79%
- **Debt to Equity:** 0.63
- **Revenue (yearly):** ₹174.8 Cr
- **Net Income:** ₹6.9 Cr
- **EBITDA:** ₹16.1 Cr
- **52-Week High:** ₹175.35
- **52-Week Low:** ₹100.05
- **RSI (14):** 12.35

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.93%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -178.81% | -360.77% | -275.16% |
| ebitda margin growth | 15.21% | 10.26% | 52.73% |
| net income growth | 146.43% | 188% | — |
| revenue growth | 60.51% | 57% | 31.06% |
| roce | -10.92% | -0.7% | 28.34% |
| roe | -46.77% | 34.78% | 52.27% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 46 | 63 | 65 | 109 |
| Expenses | 42 | 58 | 60 | 99 |
| Operating Profit | 4 | 5 | 6 | 10 |
| OPM % | 8 | 8 | 9 | 9 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 3 |
| Profit before tax | 2 | 2 | 3 | 7 |
| Tax % | 14 | 37 | 25 | 32 |
| Net Profit | 1 | 1 | 2 | 4 |
| EPS in Rs | 4.68 | 4.26 | 5.58 | 10.47 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 33 | 45 | 64 | 109 | 174 |
| Expenses | 32 | 42 | 61 | 100 | 159 |
| Operating Profit | 2 | 3 | 4 | 9 | 16 |
| OPM % | 5 | 6 | 6 | 8 | 9 |
| Other Income | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 4 | 5 |
| Profit before tax | 0 | 0 | 1 | 4 | 10 |
| Tax % | 30 | 33 | 36 | 27 | 30 |
| Net Profit | 0 | 0 | 1 | 3 | 7 |
| EPS in Rs | — | — | — | 8.94 | 16.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 2 | 3 | 3 | 4 |
| Reserves | 0 | 0 | 0 | 3 | 23 |
| Borrowings | 7 | 5 | 11 | 13 | 17 |
| Other Liabilities | 4 | 8 | 6 | 23 | 14 |
| Total Liabilities | 13 | 15 | 21 | 42 | 58 |
| Fixed Assets | 6 | 6 | 9 | 20 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 10 | 11 | 22 | 35 |
| Total Assets | 13 | 15 | 21 | 42 | 58 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 5 | 1 | 10 | -8 |
| Cash from Investing Activity | -3 | -1 | -7 | -13 | -7 |
| Cash from Financing Activity | 4 | -3 | 6 | 0 | 17 |
| Net Cash Flow | 1 | 1 | -1 | -3 | 2 |
| Free Cash Flow | -5 | 3 | -5 | -3 | -16 |
| CFO/OP | -18 | 184 | 40 | 135 | -33 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 3 | 3 | 3 | 9 | 4 |
| Inventory Days | 9 | 2 | 2 | 4 | 17 |
| Days Payable | 74 | 125 | 65 | 130 | 40 |
| Cash Conversion Cycle | -62 | -119 | -60 | -117 | -19 |
| Working Capital Days | -16 | -32 | -30 | -22 | 25 |
| ROCE % | — | 13 | 19 | 30 | 36 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 72.09% | 72.09% | 72.09% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% |
| Government | 0% | 0% | 0% |
| Public | 20.29% | 18.09% | 20.43% |
| Others | 7.62% | 9.82% | 7.48% |
| No. of Shareholders | 264 | 204 | 153 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 167.08 | Buy |
| EMA (10) | 168.48 | Buy |
| SMA (20) | 163.26 | Buy |
| EMA (20) | 164.78 | Buy |
| SMA (50) | 157.24 | Buy |
| EMA (50) | 155.34 | Buy |
| SMA (100) | 140.68 | Buy |
| EMA (100) | 143.15 | Buy |
| SMA (200) | 121.92 | Buy |
| EMA (200) | 124.17 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 64.56 | Neutral |
| MACD (12,26,9) | 4.66 | Buy |
| Stochastic (14,3,3) | 92.53 | Sell |
| ADX (14) | 13.85 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 3.93 | Neutral |
| ROC (12) | 11.61 | Buy |
| Stoch RSI (14) | 87.13 | Sell |
| UO (7,14,28) | 64.23 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jun - Keyurkumar Sheth acquires 7,93,290 shares (18.03%) from father via gift; holding rises to 64.09%. | [Disclosure under SEBI Takeover Regulations 9 Jun - Keyurkumar Sheth acquires 7,93,290 shares (18.03%) from father via gift; holding rises to 64.09%.](https://nsearchives.nseindia.com/corporate/team_bbodade_09062026191946_INTEGRITY10.pdf) |
| 8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_08042026113343_Certificate.pdf) |
| 7 Jul - Regulation 74(5) certificate submitted for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 Jul - Regulation 74(5) certificate submitted for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_07072026132521_Certificate.pdf) |
| 31 Aug - Newspaper publication of 2nd AGM notice and e-voting information on 30 August 2026. | [Copy of Newspaper Publication 31 Aug - Newspaper publication of 2nd AGM notice and e-voting information on 30 August 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_31082026125615_Newspaper_Publication.pdf) |
| 31 Aug - Company sent AGM notice and FY2025-26 annual report access link; AGM on 24 September 2026. | [General Updates 31 Aug - Company sent AGM notice and FY2025-26 annual report access link; AGM on 24 September 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_31082026122924_Letter_to_Shareholders_-_Reg_36_1__b_.pdf) |
| 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary, Compliance Officer and KMP effective 01 Feb 2026. | [Outcome of Board Meeting 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary, Compliance Officer and KMP effective 01 Feb 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_30012026143916_Intimation.pdf) |
| 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary & Compliance Officer, KMP, effective 1 Feb 2026. | [Change in Company Secretary/Compliance Officer 30 January 2026 - Kirti Bhavesh Chauhan appointed Company Secretary & Compliance Officer, KMP, effective 1 Feb 2026.](https://nsearchives.nseindia.com/corporate/INTEGRITY_30012026143109_Intimation.pdf) |
| 30 April 2026 - Board approved allotment of 1,00,000 shares on warrant conversion at Rs.108 each; capital rose to Rs.4.40 crore. | [Allotment of Securities 30 April 2026 - Board approved allotment of 1,00,000 shares on warrant conversion at Rs.108 each; capital rose to Rs.4.40 crore.](https://nsearchives.nseindia.com/corporate/INTEGRITY_30042026100941_Outcome_Allotment_of_Warrants-Signed.pdf) |
| 3 February 2026 - Allotment of 11,70,000 warrants at Rs108 each; Rs3,15,90,000 received (25%). | [Allotment of Securities 3 February 2026 - Allotment of 11,70,000 warrants at Rs108 each; Rs3,15,90,000 received (25%).](https://nsearchives.nseindia.com/corporate/INTEGRITY_03022026183735_Signed-Outcome_Allotment_of_Warrants.pdf) |
| 3 February 2026 - 11,70,000 warrants at Rs108 each allotted preferentially; Rs3.159 crore received (25%); convertible within 18 months; promoters involved and five investors total. The company received subscription … | [Outcome of Board Meeting 3 February 2026 - 11,70,000 warrants at Rs108 each allotted preferentially; Rs3.159 crore received (25%); convertible within 18 months; promoters involved and five investors total. The company received subscription …](https://nsearchives.nseindia.com/corporate/INTEGRITY_03022026182816_Signed-Outcome_Allotment_of_Warrants.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30811_INTEGRITY_2025_2026_A_18125056_29082026131105.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29158_INTEGRITY_2024_2025_A_16553670_13102025172119.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 2026-09-13T19:36:34.564Z.