---
title: "Mahamaya Steel Industries Ltd (MAHASTEEL) — Share Price, Financials & Analysis"
symbol: "MAHASTEEL"
company: "Mahamaya Steel Industries Ltd"
canonical: "https://tapetide.com/stocks/MAHASTEEL"
isin: "INE451L01014"
nse_symbol: "MAHASTEEL"
bse_code: "513554"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 2117.08
generated_at: "2026-09-13T19:40:18.318Z"
---

# Mahamaya Steel Industries Ltd (MAHASTEEL)

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

## Company

- **NSE Symbol:** MAHASTEEL
- **BSE Code:** 513554
- **ISIN:** INE451L01014
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2016-07-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mahamayagroup.in

## About

Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.[1]

## Latest Price

- **Price:** ₹1276.1
- **Change:** -55.5 (-4.17%)
- **Open:** ₹1339
- **Day High:** ₹1345
- **Day Low:** ₹1265.1
- **Previous Close:** ₹1331.6
- **Volume:** 4655
- **As Of:** 2026-09-11T09:58:29+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:35.336693Z.

- **Market Cap:** ₹2117.08 Cr
- **Classification:** Microcap
- **P/E (reported):** 221.6
- **P/E (TTM):** 209.88
- **EPS (TTM):** ₹6.08
- **Book Value:** ₹90.51
- **Price to Book:** 14.89
- **Dividend Yield:** 0%
- **ROE:** 6.05%
- **ROCE:** 10.37%
- **Debt to Equity:** 0.37
- **Revenue (yearly):** ₹884.4 Cr
- **Net Income:** ₹9.6 Cr
- **EBITDA:** ₹25.2 Cr
- **52-Week High:** ₹1421
- **52-Week Low:** ₹381.25
- **RSI (14):** 68.13

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 57.63 | 9% |
| growth | 51.81 | 9% |
| momentum | 87.7 | 12% |
| ownership | 45.09 | 24% |
| quality | 40.15 | 22% |
| valuation | 15.47 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 59.7% CAGR over last 5 years

### Weaknesses

- Stock is trading at 13.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.95% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -13.33% | -46.29% | -82.57% |
| ebitda margin growth | -35.16% | 14.92% | 26.11% | -10.94% |
| net income growth | -48.78% | 26.32% | 21% | 60% |
| revenue growth | 1.29% | 10.14% | 11% | 29% |
| roce | -47.73% | 22.87% | 26.16% | 8.11% |
| roe | -47.67% | 18.63% | 5.3% | 59.21% |

## 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 | 185.77 | 180.24 | 197.62 | 211.03 | 154.74 | 199.83 | 236.17 | 207.05 | 188.57 | 224.11 | 263.12 | 267.63 |
| Expenses | 181.63 | 175.81 | 194.3 | 207 | 151.81 | 195.77 | 228.46 | 202.16 | 183.5 | 218.26 | 255.28 | 261.87 |
| Operating Profit | 4.14 | 4.43 | 3.32 | 4.03 | 2.93 | 4.06 | 7.71 | 4.89 | 5.07 | 5.85 | 7.84 | 5.76 |
| OPM % | 2.23 | 2.46 | 1.68 | 1.91 | 1.89 | 2.03 | 3.26 | 2.36 | 2.69 | 2.61 | 2.98 | 2.15 |
| Other Income | 0.56 | 1.54 | 1.58 | 0.13 | 0.43 | 0.26 | 2.26 | 0.78 | 0.69 | 0.4 | 1.25 | 0.12 |
| Interest | 0.95 | 1.51 | 1.27 | 1.08 | 1 | 0.72 | 1.09 | 1.19 | 1.15 | 1.51 | 1.16 | 0.69 |
| Depreciation | 1.76 | 1.77 | 1.74 | 1.88 | 1.92 | 2.04 | 2.02 | 2.15 | 2.21 | 2.2 | 2.26 | 2.31 |
| Profit before tax | 1.99 | 2.69 | 1.89 | 1.2 | 0.44 | 1.56 | 6.86 | 2.33 | 2.4 | 2.54 | 5.67 | 2.88 |
| Tax % | 22.11 | 22.3 | 24.87 | 26.67 | 50 | 30.13 | 21.14 | 25.75 | 21.67 | 25.2 | 28.22 | 26.04 |
| Net Profit | 1.55 | 2.08 | 1.43 | 0.87 | 0.23 | 1.09 | 5.41 | 1.74 | 1.88 | 1.91 | 4.07 | 2.13 |
| EPS in Rs | 0.94 | 1.27 | 0.87 | 0.53 | 0.14 | 0.66 | 3.29 | 1.06 | 1.14 | 1.16 | 2.48 | 1.3 |

### 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 | 297 | 465 | 358 | 251 | 495 | 650 | 784 | 802 | 883 | 943 |
| Expenses | 276 | 443 | 343 | 238 | 480 | 636 | 768 | 783 | 859 | 919 |
| Operating Profit | 21 | 22 | 15 | 13 | 15 | 14 | 16 | 19 | 24 | 25 |
| OPM % | 7 | 4.8 | 4.2 | 5 | 3.1 | 2.1 | 2.1 | 2.3 | 2.7 | 2.6 |
| Other Income | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 3 | 3 | 2 |
| Interest | 12 | 11 | 9 | 6 | 5 | 3 | 5 | 4 | 5 | 5 |
| Depreciation | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 8 | 9 | 9 |
| Profit before tax | 4 | 7 | 0 | 2 | 7 | 7 | 9 | 10 | 13 | 13 |
| Tax % | 44 | 16 | -505 | 45 | 27 | 25 | 22 | 24 | 26 | — |
| Net Profit | 2 | 6 | 2 | 1 | 5 | 5 | 7 | 8 | 10 | 10 |
| EPS in Rs | 1.74 | 4.32 | 1.78 | 0.6 | 2.98 | 3.31 | 4.09 | 4.62 | 5.84 | 6.08 |
| 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 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 74 | 76 | 82 | 85 | 97 | 112 | 118 | 125 | 133 | 142 |
| Borrowings | 94 | 101 | 101 | 79 | 81 | 45 | 43 | 41 | 46 | 58 |
| Other Liabilities | 29 | 40 | 41 | 34 | 32 | 31 | 47 | 51 | 49 | 53 |
| Total Liabilities | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 | 270 |
| Fixed Assets | 74 | 69 | 66 | 63 | 61 | 60 | 65 | 69 | 70 | 73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 32 | 32 | 32 | 31 | 31 | 31 | 30 | 26 | 27 | 28 |
| Other Assets | 105 | 131 | 140 | 117 | 133 | 115 | 130 | 139 | 146 | 169 |
| Total Assets | 211 | 231 | 238 | 211 | 224 | 205 | 225 | 233 | 244 | 270 |

### 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 | 13 | 3 | 18 | 35 | -4 | 44 | 2 | 14 | 9 | 8 |
| Cash from Investing Activity | 2 | 1 | -7 | -3 | 1 | -5 | -11 | -6 | -11 | -15 |
| Cash from Financing Activity | -16 | -4 | -11 | -31 | 5 | -26 | -5 | -8 | 1 | 7 |
| Net Cash Flow | 0 | 1 | -1 | 1 | 2 | 13 | -15 | 1 | -1 | -1 |
| Free Cash Flow | 5 | 1 | 15 | 31 | -7 | 39 | -9 | 5 | 0 | -3 |
| CFO/OP | 83 | 18 | 85 | 239 | -25 | 306 | 24 | 103 | 60 | 47 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 39 | 29 | 14 | 17 | 29 | 16 | 10 | 7 | 11 | 7 |
| Inventory Days | 81 | 94 | 83 | 86 | 130 | 42 | 55 | 49 | 45 | 58 |
| Days Payable | 3 | 34 | 19 | 24 | 28 | 5 | 12 | 8 | 14 | 13 |
| Cash Conversion Cycle | 116 | 89 | 78 | 79 | 131 | 52 | 52 | 48 | 43 | 53 |
| Working Capital Days | 12 | 23 | 17 | 20 | 59 | 27 | 26 | 21 | 17 | 16 |
| ROCE % | 5 | 8 | 9 | 5 | 4 | 6 | 6 | 7 | 7 | 8 |

## 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 | 73.41% | 73.41% | 73.41% | 73.41% | 73.41% | 73.41% | 73.41% | 72.8% | 72.8% | 72.8% | 72.8% | 72.8% |
| FIIs | 0% | 0% | 0% | 0.11% | 1.01% | 0.83% | 0.71% | 0.55% | 0.56% | 1.17% | 0.06% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.27% | 21.32% | 21.27% | 21.12% | 20.34% | 20.61% | 20.98% | 21.98% | 22.55% | 23% | 24.16% | 24.24% |
| Others | 5.31% | 5.27% | 5.31% | 5.36% | 5.24% | 5.16% | 4.9% | 4.67% | 4.08% | 3.02% | 2.98% | 2.96% |
| No. of Shareholders | 8880 | 9344 | 10636 | 10253 | 8183 | 7603 | 7211 | 6868 | 6933 | 7167 | 6503 | 6185 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1315.13 | Sell |
| EMA (10) | 1291.62 | Sell |
| SMA (20) | 1251.38 | Buy |
| EMA (20) | 1239.97 | Buy |
| SMA (50) | 1043.56 | Buy |
| EMA (50) | 1105.54 | Buy |
| SMA (100) | 947.31 | Buy |
| EMA (100) | 1000.36 | Buy |
| SMA (200) | 893.51 | Buy |
| EMA (200) | 870.26 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 59.36 | Neutral |
| MACD (12,26,9) | 76.76 | Sell |
| Stochastic (14,3,3) | 58.55 | Neutral |
| ADX (14) | 35.06 | Buy |
| Williams %R (14) | -57.75 | Neutral |
| ATR (14) | 74.68 | High Volatility |
| ROC (12) | 3.29 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 59.64 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Monthly Business Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=739c0031-ed66-4782-9c55-ec8bb6f7e936.pdf) |
| 2026-09-03 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CF65A236_623E_4E82_AC62_79884DC6665C_110022.pdf) |
| 2026-09-02 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E8A8824A_97DD_45D5_A099_A5A68DCD0D19_103325.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef2b4858-673b-4572-b2e9-cfd365f954e4.pdf) |
| 2026-08-31 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04a0bd06-3a46-4d42-b187-5e8008701fb2.pdf) |
| 2026-08-31 | [Shareholders Meeting To Be Held On 25.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec871d18-f996-4705-b713-256539302260.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06e9a03b-63b7-4f3b-9fc2-f9b820d6ef3b.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02030598-4152-458e-87c9-944ae4ea140f.pdf) |
| 2026-08-31 | [Book Closure For AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=584ba601-c724-4979-8bcc-9231120057cf.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04089efa-b0ad-4043-9308-737794c5e0f5.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [STANDALONE AND CONSOILIDATED UNADITED RESULTS 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17c5514c-ce54-40e0-bf85-cd0b1e1d99bd.pdf) |
| 2026-05-26 | [Audited Financial Results For The Quarter And Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e81ac9c8-84a5-4110-a6bc-4ade3d59a497.pdf) |
| 2026-02-13 | [Results - 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d65a607-314e-4859-82f6-4419d71f8e58.pdf) |
| 2025-11-13 | [Unaudited Financial Results And Limited Review Report For The Quarter And Half Year Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b11a453-6c91-4b36-8ff7-0897bceee12c.pdf) |
| 2025-08-08 | [Unaudited Financial Results For The Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65cd4d33-ab7e-4a73-a641-4e87f223f083.pdf) |
| 2025-05-27 | [Outcome Of Board Meeting Held On 27.05.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=830f1e88-868d-4794-8e64-d67459cc444f.pdf) |
| 2025-02-13 | [Standalone And Consolidate Unaudited Financial Results And Limited Review Report For The Quarter And Nine Months Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3801aee-5c3e-4116-a473-0849f170faa4.pdf) |
| 2024-11-13 | [Unaudited Financial Results And Limited Review Report For The Quarter And Half Year End 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd000342-8571-4f68-b6f0-1c4d6885e1b3.pdf) |
| 2024-08-14 | [Standalone And Consolidated Unaudited Financial Results 30.06.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ecf2483-4000-42b9-b087-188e39ff85c7.pdf) |
| 2024-05-27 | [Audited Results 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d9d1969-7ef5-4dd4-9896-0ca42584ae8b.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Infomerics reaffirmed Mahamaya Steel's long-term bank facilities rating at IVR BBB Stable on 07-02-2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 Feb - Infomerics reaffirmed Mahamaya Steel's long-term bank facilities rating at IVR BBB Stable on 07-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7234367-f197-4884-9efa-4790fb7d216e.pdf) |
| 5 Mar - Mahamaya Steel Industries reports February 2026 sales of 21,100.75 MT. | [Announcement under Regulation 30 (LODR)-Monthly Business Updates 5 Mar - Mahamaya Steel Industries reports February 2026 sales of 21,100.75 MT.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9eb4356-3230-4395-b7a4-ff8aad30bc39.pdf) |
| 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT. | [Announcement under Regulation 30 (LODR)-Monthly Business Updates 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/576fce10-af94-47c5-838b-3d85a5af2e6a.pdf) |
| 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT. | [Announcement under Regulation 30 (LODR)-Monthly Business Updates 4 May - Mahamaya Steel reported April 2026 sales of 21,467.960 MT.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/576fce10-af94-47c5-838b-3d85a5af2e6a.pdf) |
| 28 Mar - Trading window closed from 1 April 2026 until 48 hours after results announcement. | [Closure of Trading Window 28 Mar - Trading window closed from 1 April 2026 until 48 hours after results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c53033fc-94b8-4f1e-88fb-667591e2c2fa.pdf) |
| 13 Feb - Board approved standalone and consolidated Q3 and nine-month unaudited results ended 31-Dec-2025; limited review enclosed. | [Results - 31.12.2025 13 Feb - Board approved standalone and consolidated Q3 and nine-month unaudited results ended 31-Dec-2025; limited review enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d65a607-314e-4859-82f6-4419d71f8e58.pdf) |
| 13 Feb - Approved standalone and consolidated unaudited Q3 and 9M results for period ended 31 Dec 2025; limited review attached. | [Board Meeting Outcome for Outcome Unaudited Financial Results Standalone And Consolidated And Limited Report For The Quarter And Nine Months Ended 31.12.2025 13 Feb - Approved standalone and consolidated unaudited Q3 and 9M results for period ended 31 Dec 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e761076a-9ae3-4bd1-b2e8-7ac60d4f3bf8.pdf) |
| 10 Apr - Certificate under Regulation 74(5) of SEBI DP Regulations for the quarter ended 31.03.2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr - Certificate under Regulation 74(5) of SEBI DP Regulations for the quarter ended 31.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51b690e3-d26f-420e-a1fe-c6b505ff98c6.pdf) |
| 1 Apr - Mahamaya Steel reports March 2026 sales of 13,982.830 MT. | [Announcement under Regulation 30 (LODR)-Monthly Business Updates 1 Apr - Mahamaya Steel reports March 2026 sales of 13,982.830 MT.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3b58c04-edac-4d4f-9c2e-17146ad85e3d.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13fa1564-722e-4ffb-b484-ab6dbc99173c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/482b04c0-1838-4cc7-ab47-a22d297a2b53.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d46243b9-7caa-4f8a-8d20-52a67927dd96.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c68cc743-a379-4bd7-a6c0-da336d6a37d2.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/76249513554.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/70223513554.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/67615513554.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/5135540319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/5135540318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/5135540317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/513554/5135540316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D0CEA165_6308_4856_8484_B03B94FB9795_135346.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 2026-09-13T19:40:18.318Z.