---
title: "Mahindra EPC Irrigation Ltd (MAHEPC) — Share Price, Financials & Analysis"
symbol: "MAHEPC"
company: "Mahindra EPC Irrigation Ltd"
canonical: "https://tapetide.com/stocks/MAHEPC"
isin: "INE215D01010"
nse_symbol: "MAHEPC"
bse_code: "523754"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 283.76
generated_at: "2026-09-13T19:37:24.437Z"
---

# Mahindra EPC Irrigation Ltd (MAHEPC)

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

## Company

- **NSE Symbol:** MAHEPC
- **BSE Code:** 523754
- **ISIN:** INE215D01010
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2020-02-14
- **CEO:** Mr. Abhijit Page
- **Employees:** 345
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** epcmahindra.com

## About

Incorporated in 1981, Mahindra EPC Irrigation is in the business of manufacturing Micro Irrigation Systems, such as Drip and Sprinklers, and allied products.[1]

## Latest Price

- **Price:** ₹101.82
- **Change:** -0.83 (-0.81%)
- **Open:** ₹102.64
- **Day High:** ₹102.89
- **Day Low:** ₹101.51
- **Previous Close:** ₹102.65
- **Volume:** 15709
- **As Of:** 2026-09-11T10:26:17+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:04.627370Z.

- **Market Cap:** ₹283.76 Cr
- **Classification:** Microcap
- **P/E (reported):** 30.3
- **P/E (TTM):** 29.86
- **EPS (TTM):** ₹3.41
- **Book Value:** ₹66.21
- **Price to Book:** 1.56
- **Dividend Yield:** 1.17%
- **ROE:** 6.86%
- **ROCE:** 10.82%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹315.8 Cr
- **Net Income:** ₹12.7 Cr
- **EBITDA:** ₹25.3 Cr
- **52-Week High:** ₹162.37
- **52-Week Low:** ₹91.91
- **RSI (14):** 36.22

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 61.65 | 9% |
| growth | 43.3 | 9% |
| momentum | 42.88 | 12% |
| ownership | 51.77 | 24% |
| quality | 30.74 | 22% |
| valuation | 39.39 | 24% |

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

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.19% over past five years.
- Company has a low return on equity of 4.57% over last 3 years.
- Company has high debtors of 254 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -270.84% | — | 29.62% |
| ebitda margin growth | -113.75% | 34.85% | 142.73% | -442.31% |
| net income growth | -143.75% | 76.39% | 47% | -6% |
| revenue growth | -49.54% | 14.79% | 14% | 4% |
| roce | -124.55% | 44.46% | 250.16% | 1.63% |
| roe | -144.68% | 64.11% | 4.02% | -252.11% |

## 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 | 57.74 | 80.29 | 71.17 | 45.31 | 50.02 | 81.45 | 95.89 | 62.04 | 49.58 | 93.47 | 107 | 54.16 |
| Expenses | 57.15 | 76.4 | 70.05 | 47.68 | 52.97 | 71.79 | 86.3 | 59.3 | 48.23 | 83.01 | 99.96 | 55.52 |
| Operating Profit | 0.59 | 3.89 | 1.12 | -2.37 | -2.95 | 9.66 | 9.59 | 2.74 | 1.35 | 10.46 | 7.04 | -1.36 |
| OPM % | 1.02 | 4.84 | 1.57 | -5.23 | -5.9 | 11.86 | 10 | 4.42 | 2.72 | 11.19 | 6.58 | -2.51 |
| Other Income | 0.11 | -0.09 | 2.54 | 0.1 | 0.63 | 0.15 | 1.54 | 0.13 | 0.82 | -0.25 | 1 | 0.3 |
| Interest | 0.66 | 0.73 | 0.75 | 0.47 | 0.58 | 0.47 | 0.76 | 0.76 | 0.8 | 0.69 | 0.89 | 1.07 |
| Depreciation | 0.78 | 0.78 | 0.81 | 0.8 | 0.81 | 0.81 | 0.94 | 0.8 | 0.79 | 0.78 | 0.79 | 0.72 |
| Profit before tax | -0.74 | 2.29 | 2.1 | -3.54 | -3.71 | 8.53 | 9.43 | 1.31 | 0.58 | 8.74 | 6.36 | -2.85 |
| Tax % | -8.11 | 27.07 | 29.05 | -25.71 | -25.61 | 25.56 | 33.72 | 25.19 | 25.86 | 25.74 | 24.69 | -24.91 |
| Net Profit | -0.68 | 1.67 | 1.49 | -2.63 | -2.76 | 6.35 | 6.25 | 0.98 | 0.43 | 6.49 | 4.79 | -2.14 |
| EPS in Rs | -0.24 | 0.6 | 0.53 | -0.94 | -0.99 | 2.27 | 2.24 | 0.35 | 0.15 | 2.32 | 1.71 | -0.77 |

### 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 | 205 | 260 | 284 | 254 | 212 | 210 | 262 | 273 | 312 | 304 |
| Expenses | 193 | 240 | 247 | 228 | 217 | 224 | 257 | 259 | 290 | 287 |
| Operating Profit | 12 | 20 | 37 | 26 | -5 | -13 | 6 | 14 | 22 | 17 |
| OPM % | 6 | 8 | 13 | 10 | -2.6 | -6 | 2.2 | 5 | 7 | 6 |
| Other Income | 2 | 1 | 1 | 3 | -1 | 3 | 3 | 2 | 2 | 2 |
| Interest | 0 | 1 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 10 | 17 | 32 | 25 | -11 | -16 | 2 | 11 | 17 | 13 |
| Tax % | 52 | 32 | 28 | 24 | -23 | -23 | 31 | 33 | 25 | — |
| Net Profit | 5 | 11 | 23 | 19 | -9 | -12 | 2 | 7 | 13 | 10 |
| EPS in Rs | 1.78 | 4.12 | 8.38 | 6.89 | -3.09 | -4.39 | 0.6 | 2.58 | 4.54 | 3.41 |
| Dividend Payout % | 28 | 24 | 14 | 17 | 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 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 107 | 112 | 122 | 143 | 159 | 147 | 136 | 137 | 145 | 157 |
| Borrowings | 0 | 4 | 3 | 13 | 0 | 25 | 15 | 16 | 25 | 45 |
| Other Liabilities | 49 | 53 | 68 | 80 | 81 | 79 | 75 | 76 | 94 | 121 |
| Total Liabilities | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |
| Fixed Assets | 25 | 25 | 24 | 28 | 26 | 23 | 22 | 21 | 20 | 19 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 152 | 171 | 195 | 234 | 241 | 256 | 231 | 236 | 271 | 332 |
| Total Assets | 183 | 196 | 221 | 264 | 268 | 280 | 253 | 257 | 292 | 352 |

### 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 | -15 | 5 | 10 | 11 | -23 | 19 | 2 | -4 | -16 |
| Cash from Investing Activity | -4 | 6 | -3 | -2 | -1 | -1 | -2 | -2 | -2 | -2 |
| Cash from Financing Activity | -1 | 3 | -3 | 3 | -17 | 20 | -12 | -4 | 7 | 17 |
| Net Cash Flow | -9 | -6 | 0 | 11 | -7 | -4 | 4 | -4 | 1 | -2 |
| Free Cash Flow | -5 | -16 | 3 | 7 | 10 | -24 | 17 | -1 | -6 | -18 |
| CFO/OP | -25 | -101 | 51 | 59 | 74 | 383 | -155 | 14 | -18 | -76 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 165 | 191 | 175 | 165 | 200 | 238 | 197 | 202 | 232 | 254 |
| Inventory Days | 104 | 113 | 68 | 97 | 94 | 99 | 116 | 116 | 121 | 96 |
| Days Payable | 108 | 125 | 136 | 178 | 176 | 170 | 164 | 161 | 208 | 246 |
| Cash Conversion Cycle | 161 | 179 | 107 | 85 | 118 | 167 | 150 | 158 | 145 | 103 |
| Working Capital Days | 145 | 166 | 125 | 109 | 158 | 168 | 174 | 168 | 174 | 141 |
| ROCE % | 9 | 7 | 12 | 20 | 14 | -4 | -7 | 3 | 7 | 10 |

## 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 | 54.26% | 54.26% | 54.26% | 54.21% | 54.21% | 54.21% | 54.21% | 54.2% | 54.2% | 54.2% | 54.2% | 54.18% |
| FIIs | 0% | 0.05% | 0.11% | 0.6% | 0.2% | 0.08% | 0.01% | 0.08% | 0.02% | 0.01% | 0.02% | 0.13% |
| 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 | 39.63% | 40.25% | 39.86% | 39.52% | 39.66% | 39.86% | 39.11% | 39.29% | 38.99% | 39.48% | 38.18% | 38.21% |
| Others | 6.12% | 5.45% | 5.78% | 5.67% | 5.92% | 5.85% | 6.66% | 6.44% | 6.79% | 6.31% | 7.6% | 7.48% |
| No. of Shareholders | 28951 | 29415 | 29175 | 27471 | 27345 | 27835 | 28764 | 28653 | 29168 | 26634 | 26252 | 26207 |

## 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) | 102.58 | Sell |
| EMA (10) | 103.09 | Sell |
| SMA (20) | 104.76 | Sell |
| EMA (20) | 104.41 | Sell |
| SMA (50) | 108.57 | Sell |
| EMA (50) | 107.71 | Sell |
| SMA (100) | 112.65 | Sell |
| EMA (100) | 111.41 | Sell |
| SMA (200) | 116.76 | Sell |
| EMA (200) | 117.04 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.58 | Neutral |
| MACD (12,26,9) | -1.81 | Sell |
| Stochastic (14,3,3) | 16.37 | Buy |
| ADX (14) | 23.61 | Neutral |
| Williams %R (14) | -88.52 | Buy |
| ATR (14) | 2.85 | Neutral |
| ROC (12) | -5.14 | Sell |
| Stoch RSI (14) | 30.56 | Neutral |
| UO (7,14,28) | 29.43 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25fa2eac-bf39-475c-98fd-9ae2d7b25551.pdf) |
| 2026-07-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ab56311-1e64-4b15-8e57-1ed2d5d1062a.pdf) |
| 2026-07-16 | [Board Meeting Outcome for The Board Meeting Held Today I.E. July 07 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03a3da04-1d51-4e84-9cc9-fe6c739562dd.pdf) |
| 2026-07-16 | [Board Meeting Outcome For The Meeting Held On July 16 2026 (Resubmitting Due To An Inadvertent Typographical Error Made In The Subject Line Of The Outcome Submitted Previously.)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=536fd471-b8ca-41c4-a1c1-dab77d7c2ba6.pdf) |
| 2026-07-16 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=597e4f47-de27-4db0-a2f1-44a804db8614.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d1f43bd-2f11-4bb0-bcb4-be547ac2af5c.pdf) |
| 2026-07-03 | [Board Meeting Intimation for Considering And Approving Un-Audited Financial Result For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b73b0450-d3c3-4b86-9618-aaa8c139e72e.pdf) |
| 2026-06-30 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c18ec01-c720-45c3-b86c-b7d10f08464d.pdf) |
| 2026-06-30 | [Announcement under Regulation 30 (LODR)-Cessation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4e9571b-8562-4ae0-bfa0-ccdca939f4b2.pdf) |
| 2026-06-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61232191-80ad-41f5-8a4b-63c80e1f4d55.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-16 | [Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=898b719d-ab58-4e3c-bd28-6c653c954452.pdf) |
| 2026-04-21 | [Financial Results For The Quarter And Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93016024-32be-4a13-9d49-5be7c64617f8.pdf) |
| 2026-01-16 | [For The Quarter And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a79d0074-29cf-4389-9964-d54df83f19e2.pdf) |
| 2025-10-24 | [Results For Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f21af5b2-3594-4af3-98c7-d78a9d14984d.pdf) |
| 2025-10-17 | [Results For Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c529660b-6bb8-464b-baee-de64e8091669.pdf) |
| 2025-07-18 | [Un-Audited Financial Results Along With The Limited Review Report Of The Company For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bf4fa83-35e8-48a3-9ca3-2b6596458a10.pdf) |
| 2025-04-17 | [Financial Results For FY 2024-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c15697a5-bde2-4cae-90be-e9eaa2c30178.pdf) |
| 2025-01-15 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2be9861-044b-4973-a28b-854765284202.pdf) |
| 2024-10-17 | [Unaudited Financial Results For The Half Year Ended 30Th September 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd13d85a-e3f5-4565-9a7e-879e5f5abcf2.pdf) |
| 2024-07-19 | [Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d94a004c-982a-45d8-b5e2-6b20c7475f55.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Mahindra EPC Irrigation schedules virtual investor call on 22 April 2026 at 3:30 p.m. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9h - Mahindra EPC Irrigation schedules virtual investor call on 22 April 2026 at 3:30 p.m.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/16949f57-ad79-490b-b533-815c07a6942b.pdf) |
| 8h - Mahindra EPC Irrigation confirms no Large Corporate status; FY 2026-27 initial disclosure not applicable. | [Confirmation On Non-Applicability Of SEBI Circular On Large Corporates - Initial Disclosure For FY 2026-27. 8h - Mahindra EPC Irrigation confirms no Large Corporate status; FY 2026-27 initial disclosure not applicable.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a1ed767-af62-4ec3-a648-3776fd737c86.pdf) |
| 8h - Copies of Newspaper Advertisements regarding extract of the Company''s Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026 published … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8h - Copies of Newspaper Advertisements regarding extract of the Company''s Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026 published …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/707010fb-1c93-45d8-8992-a9b6c86d7571.pdf) |
| 8h - Audio recording of investor call for quarter and year ended 31 March 2026 posted; audited results approved 21 April. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8h - Audio recording of investor call for quarter and year ended 31 March 2026 posted; audited results approved 21 April.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b910b0e-8bc9-4822-a5a1-929f961ddd14.pdf) |
| 8 May - Mahindra EPC Irrigation Limited has submitted the extract of Newspaper advertisements for Publication of information regarding Corrigendum to the Notice and Annual Report of (44th) … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May - Mahindra EPC Irrigation Limited has submitted the extract of Newspaper advertisements for Publication of information regarding Corrigendum to the Notice and Annual Report of (44th) …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6770415b-bd7a-486e-a7fb-63689b498b73.pdf) |
| 7 May - AGM shifted to VC/OAVM on May 29, 2026; annual report includes director, auditor, and related-party proposals. | [Corrigendum To 44Th Annual General Meeting Notice 7 May - AGM shifted to VC/OAVM on May 29, 2026; annual report includes director, auditor, and related-party proposals.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/98253e82-ee5b-4c11-ad0b-59c628f5d767.pdf) |
| 7 May - 44th AGM on May 29, 2026 shifted to VC/OAVM; revised annual report and resolutions issued. | [Reg. 34 (1) Annual Report. 7 May - 44th AGM on May 29, 2026 shifted to VC/OAVM; revised annual report and resolutions issued.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/38d998c3-769f-4ec4-be8e-0a643bc4e6d3.pdf) |
| 6h - FY26 audited results, AGM on 29 May 2026, material RPT contravention, MD/KMP changes, auditor reappointments, 8,284 ESOS shares. | [Appointment of Company Secretary and Compliance Officer 6h - FY26 audited results, AGM on 29 May 2026, material RPT contravention, MD/KMP changes, auditor reappointments, 8,284 ESOS shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7d49507-de40-4124-a4d3-952b4a8e1272.pdf) |
| 6h - FY26 audited results approved; AGM on 29 May 2026; material RPT contravention, new directors, CS change, ESOS allotment. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 6h - FY26 audited results approved; AGM on 29 May 2026; material RPT contravention, new directors, CS change, ESOS allotment.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b06d991e-57dc-4db0-b3ea-569249a199aa.pdf) |
| 6h - Company has allotted 8,284 Equity Shares of Rs.10 each on 21st April, 2026 to the employees who have exercised their Stock Options under the Company''s … | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 6h - Company has allotted 8,284 Equity Shares of Rs.10 each on 21st April, 2026 to the employees who have exercised their Stock Options under the Company''s …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9efba73b-2dde-40a3-82e3-77722054fd05.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-04-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60898488-28e4-481e-be9b-fa0cfee7af57.pdf) |
| 2025-11-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=946bb88c-3df2-40a4-85d6-fa363d8c6d16.pdf) |
| 2025-04-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1e96bf6-cf8d-4346-a101-3ccdfd7ab965.pdf) |
| 2023-05-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cab318c9-87aa-4120-8507-d56e7c055b53.pdf) |
| 2022-11-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37e4bd37-2462-4e25-8c98-ad957e8b650c.pdf) |
| 2022-05-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac7b886d-6448-40ff-9084-4a5446a6efcc.pdf) |
| 2021-05-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f26454a2-720e-4d0b-8cfa-ad8012a7695a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/946bb88c-3df2-40a4-85d6-fa363d8c6d16.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37e4bd37-2462-4e25-8c98-ad957e8b650c.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45e9ecfe-16c3-4844-83f3-ed547ec23080.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45e9ecfe-16c3-4844-83f3-ed547ec23080.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cab318c9-87aa-4120-8507-d56e7c055b53.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac7b886d-6448-40ff-9084-4a5446a6efcc.pdf) |
| May 2021 | [Concall - May 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f26454a2-720e-4d0b-8cfa-ad8012a7695a.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d19d8c71-e53a-4f0d-86f8-abb40ae6312e.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d19d8c71-e53a-4f0d-86f8-abb40ae6312e.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1e96bf6-cf8d-4346-a101-3ccdfd7ab965.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3945840-9561-41b5-87ce-17a9f2c52951.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/993ecc4a-78b7-4b6c-9335-cf5ce64abc17.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d330b9b9-ef3f-4ec3-a785-e49be50fee9c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2916ef79-3b8d-4bb1-8bc9-e56866f17d53.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/73459523754.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/68675523754_05_07_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/5237540320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/5237540319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/5237540318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523754/5237540317.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-02-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea6449e4-4ace-4df5-9d58-735ec0d6e492.pdf) |
| 2023-05-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce9ea86f-f901-4df1-bd63-d9d84ca1c63a.pdf) |
| 2022-11-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51524fc5-3a73-490c-a119-5bdfb7ff60a3.pdf) |
| 2022-05-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88649723-caed-484a-ac5f-df4d3bfbd438.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 2026-09-13T19:37:24.437Z.