---
title: "Maral Overseas Ltd (MARALOVER) — Share Price, Financials & Analysis"
symbol: "MARALOVER"
company: "Maral Overseas Ltd"
canonical: "https://tapetide.com/stocks/MARALOVER"
isin: "INE882A01013"
nse_symbol: "MARALOVER"
bse_code: "521018"
sector: "Textiles"
industry: "Cotton/Blended"
market_cap_cr: 252.78
generated_at: "2026-09-13T19:59:37.267Z"
---

# Maral Overseas Ltd (MARALOVER)

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

## Company

- **NSE Symbol:** MARALOVER
- **BSE Code:** 521018
- **ISIN:** INE882A01013
- **Sector:** Textiles
- **Industry:** Cotton/Blended
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 1995-02-08
- **CEO:** Mr. Shekhar Agarwal B.Tech. (ME), M.Sc.
- **Employees:** 4858
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** maraloverseas.com

## About

Incorporated in 1991, Maral Overseas 
Ltd manufactures Grey Yarn, Dyed Yarn, 
Knitted Fabric and Garments[1]

## Latest Price

- **Price:** ₹62.41
- **Change:** -0.24 (-0.38%)
- **Open:** ₹63.35
- **Day High:** ₹63.35
- **Day Low:** ₹59
- **Previous Close:** ₹62.65
- **Volume:** 12281
- **As Of:** 2026-09-11T09:58:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:44.424409Z.

- **Market Cap:** ₹252.78 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.1
- **P/E (TTM):** 11.87
- **EPS (TTM):** ₹5.26
- **Book Value:** ₹26.68
- **Price to Book:** 2.37
- **Dividend Yield:** 3.19%
- **ROE:** 2.95%
- **ROCE:** 12.11%
- **Debt to Equity:** 3.37
- **Revenue (yearly):** ₹1004.2 Cr
- **Net Income:** ₹3.3 Cr
- **EBITDA:** ₹71.8 Cr
- **52-Week High:** ₹68.89
- **52-Week Low:** ₹34.11
- **RSI (14):** 62.98

## Tapetide Score

- **Score:** 56 / 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:** 74.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 22.09 | 9% |
| growth | 43.38 | 9% |
| momentum | 97.12 | 12% |
| ownership | 50 | 24% |
| quality | 68.76 | 22% |
| valuation | 69.38 | 24% |

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

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.19% over past five years.
- Company has a low return on equity of -8.17% over last 3 years.
- Promoters have pledged 48.0% of their holding.
- Earnings include an other income of Rs.23.9 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 18.07% | 46.49% | 163.08% |
| ebitda margin growth | -19.93% | 69.03% | 17.6% | -43.43% |
| net income growth | -54.89% | -113.64% | 31% | -19% |
| revenue growth | 0.37% | -6.11% | -1% | 9% |
| roce | — | 265.86% | 84.6% | 12.93% |
| roe | — | -113.28% | -8.9% | -92.71% |

## 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 | 245 | 227.63 | 259.77 | 250.92 | 271.04 | 250.37 | 274.7 | 225.5 | 249.7 | 247.45 | 258.22 | 263.21 |
| Expenses | 232.63 | 213.81 | 246.81 | 247.35 | 263.68 | 249.06 | 264.29 | 223.87 | 240.62 | 228.06 | 239.92 | 246.49 |
| Operating Profit | 12.37 | 13.82 | 12.96 | 3.57 | 7.36 | 1.31 | 10.41 | 1.63 | 9.08 | 19.39 | 18.3 | 16.72 |
| OPM % | 5.05 | 6.07 | 4.99 | 1.42 | 2.72 | 0.52 | 3.79 | 0.72 | 3.64 | 7.84 | 7.09 | 6.35 |
| Other Income | 3.79 | 4.51 | 11.28 | 7.73 | 3.47 | 4.59 | 6.78 | 4.64 | 4.65 | 3.67 | 9.82 | 5.73 |
| Interest | 9.41 | 8.88 | 7.92 | 9.22 | 9.76 | 8.84 | 8.85 | 10 | 9.14 | 9.41 | 8.94 | 9.16 |
| Depreciation | 8.6 | 8.8 | 8.63 | 8.54 | 8.41 | 8.45 | 8.77 | 9.02 | 7.73 | 7.97 | 7.95 | 7.97 |
| Profit before tax | -1.85 | 0.65 | 7.69 | -6.46 | -7.34 | -11.39 | -0.43 | -12.75 | -3.14 | 5.68 | 11.23 | 5.32 |
| Tax % | 23.78 | -63.08 | 23.54 | -0.31 | -5.18 | -7.29 | -46.51 | -1.41 | -11.15 | 6.51 | -18.61 | -12.41 |
| Net Profit | -2.29 | 1.06 | 5.88 | -6.45 | -6.95 | -10.56 | -0.23 | -12.57 | -2.78 | 5.3 | 13.31 | 5.98 |
| EPS in Rs | -0.55 | 0.26 | 1.42 | -1.55 | -1.67 | -2.54 | -0.06 | -3.03 | -0.67 | 1.28 | 3.21 | 1.44 |

### 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 | 641 | 757 | 676 | 632 | 1082 | 1026 | 960 | 1047 | 981 | 1019 |
| Expenses | 615 | 721 | 668 | 578 | 965 | 1006 | 923 | 1024 | 932 | 955 |
| Operating Profit | 25 | 36 | 8 | 54 | 117 | 20 | 37 | 23 | 49 | 63 |
| OPM % | 4 | 4.8 | 1.1 | 8 | 11 | 1.9 | 3.9 | 2.2 | 5 | 6 |
| Other Income | 12 | 15 | 17 | 8 | 22 | 15 | 23 | 22 | 22 | 24 |
| Interest | 19 | 17 | 16 | 17 | 21 | 23 | 34 | 37 | 38 | 37 |
| Depreciation | 18 | 20 | 24 | 24 | 26 | 30 | 34 | 34 | 33 | 32 |
| Profit before tax | 1 | 13 | -15 | 21 | 92 | -18 | -8 | -26 | 1 | 19 |
| Tax % | -65 | 39 | 0 | 40 | 28 | -13 | 15 | -6 | -224 | — |
| Net Profit | 1 | 8 | -15 | 13 | 67 | -16 | -10 | -24 | 3 | 22 |
| EPS in Rs | 0.24 | 1.96 | -3.68 | 3.02 | 16.14 | -3.84 | -2.35 | -5.83 | 0.79 | 5.26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 12 | 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 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 53 | 51 | 59 | 42 | 56 | 124 | 99 | 90 | 67 | 69 |
| Borrowings | 231 | 211 | 248 | 223 | 197 | 243 | 372 | 476 | 449 | 374 |
| Other Liabilities | 96 | 100 | 107 | 126 | 147 | 180 | 120 | 150 | 174 | 206 |
| Total Liabilities | 421 | 404 | 455 | 433 | 442 | 590 | 633 | 758 | 732 | 690 |
| Fixed Assets | 158 | 157 | 188 | 182 | 161 | 175 | 203 | 346 | 337 | 307 |
| CWIP | 3 | 13 | 3 | 0 | 2 | 3 | 41 | 9 | 1 | 0 |
| Investments | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 260 | 232 | 264 | 250 | 279 | 411 | 388 | 402 | 393 | 382 |
| Total Assets | 421 | 404 | 455 | 433 | 442 | 590 | 633 | 758 | 732 | 690 |

### 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 | 44 | 68 | 31 | 56 | 38 | 34 | 16 | 61 | 76 | 90 |
| Cash from Investing Activity | -22 | -26 | -39 | -11 | -2 | -31 | -90 | -122 | -28 | -7 |
| Cash from Financing Activity | -24 | -41 | 11 | -42 | -43 | -2 | 76 | 59 | -48 | -82 |
| Net Cash Flow | -2 | 1 | 3 | 4 | -8 | 1 | 2 | -2 | 0 | 1 |
| Free Cash Flow | 21 | 41 | -9 | 42 | 34 | 4 | -77 | -64 | 44 | 77 |
| CFO/OP | 107 | 268 | 93 | 739 | 73 | 53 | 93 | 166 | 326 | 183 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 45 | 47 | 46 | 41 | 56 | 37 | 35 | 46 | 48 | 47 |
| Inventory Days | 138 | 101 | 83 | 83 | 99 | 164 | 127 | 124 | 96 | 101 |
| Days Payable | 38 | 40 | 44 | 48 | 60 | 91 | 37 | 27 | 45 | 55 |
| Cash Conversion Cycle | 144 | 108 | 85 | 75 | 95 | 110 | 125 | 142 | 99 | 93 |
| Working Capital Days | 1 | -31 | -25 | -35 | -3 | 25 | 6 | -5 | -16 | -12 |
| ROCE % | 12 | 6 | 9 | 0 | 12 | 31 | 1 | 5 | 2 | 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 | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% | 74.95% |
| FIIs | 0.16% | 0% | 0.1% | 0.09% | 0.09% | 0.12% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
| 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 | 20.14% | 19.21% | 19.03% | 19.05% | 18.67% | 18.22% | 18.26% | 18.31% | 18.51% | 18.58% | 18.52% | 18.29% |
| Others | 4.75% | 5.84% | 5.92% | 5.91% | 6.29% | 6.71% | 6.71% | 6.66% | 6.46% | 6.39% | 6.45% | 6.68% |
| No. of Shareholders | 17320 | 17369 | 18507 | 18020 | 17650 | 17083 | 16904 | 16800 | 17048 | 16917 | 16640 | 16502 |

## 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 / 7 / 0

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 60.01 | Buy |
| EMA (10) | 60.95 | Buy |
| SMA (20) | 57.42 | Buy |
| EMA (20) | 58.84 | Buy |
| SMA (50) | 56.11 | Buy |
| EMA (50) | 56.62 | Buy |
| SMA (100) | 54.97 | Buy |
| EMA (100) | 54.43 | Buy |
| SMA (200) | 48.99 | Buy |
| EMA (200) | 53.66 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 62.19 | Neutral |
| MACD (12,26,9) | 2.24 | Buy |
| Stochastic (14,3,3) | 66 | Neutral |
| ADX (14) | 20.73 | Neutral |
| Williams %R (14) | -39.3 | Neutral |
| ATR (14) | 3.54 | High Volatility |
| ROC (12) | 12.05 | Buy |
| Stoch RSI (14) | 56.18 | Neutral |
| UO (7,14,28) | 56.36 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Report On Re-Lodgement Of Transfer Requests Of Physical Shares Under Special Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cd2f8ad-ee37-4bb6-8d8d-38e3ada6f9ff.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40de5f0d-b790-4819-b3e7-8451db673f01.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ea35a46-ad88-441f-9da9-5b025df1bc45.pdf) |
| 2026-08-26 | [Voting Results Of 37Th AGM Under Regulation 44(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b749558-5c9b-4df2-9ad9-4a60e62b9887.pdf) |
| 2026-08-25 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c952cece-dc9c-4876-b668-00f9ba02b22b.pdf) |
| 2026-08-07 | [Update On Re-Lodgment Of Transfer Requests Of Physical Shares Under Special Window.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4e007db-a905-4f6d-9d0b-7f8563c14092.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b447537-bff1-434f-bade-0c6e99c34383.pdf) |
| 2026-08-01 | [Intimation For Sending Letters To Those Members Whose E-Mail Addresses Are Not Registered With CompanyS RTA Or Dps. The Said Letter Provides The Web Link/QR Code To Download Notice Convening The 37Th AGM And The Annual Report For The FY 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7843cbcb-60d6-4f09-ae5c-986f96905388.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9e10b63-263e-4d8b-8b03-b91ec48663b4.pdf) |
| 2026-07-31 | [Notice Of 37Th Annual General Meeting (AGM) And Annual Report Of The Company For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ee19709-5aa9-4efb-994d-116dfedfeb45.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-30 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a41f2bc2-a50e-4d92-86a1-bbf120cd5d6a.pdf) |
| 2026-05-07 | [Outcome Of Board Meeting Held On 7Th May 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4345414c-d19a-4c66-9602-6cb179f7b7cb.pdf) |
| 2026-02-05 | [Un-Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cb7230c-2b3d-474c-bae0-2957595f9989.pdf) |
| 2025-11-04 | [Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=093bb33d-bd58-4aeb-963f-340da5c72d9b.pdf) |
| 2025-08-01 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c385027b-d25b-4c61-a69b-88a5a37e0d67.pdf) |
| 2025-05-08 | [Results For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a94e385f-f365-46b3-8e4e-6e3a33be9d6d.pdf) |
| 2025-02-04 | [Financial Results For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6989423-dcd9-4972-891e-61353b8b9096.pdf) |
| 2024-11-04 | [Financial Results For The Quarter And Half Year Ended 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41abe4e5-c24a-4e88-a9c2-3a15d309687d.pdf) |
| 2024-08-01 | [Results For Q1 FY25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ace99ce-ba1d-4a82-9bc7-634002c06c73.pdf) |
| 2024-05-09 | [Results -Audited Financial Results For Quarter And Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbbea1ad-1e74-4244-8cad-efe4db829d1e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Extract of Audited Financial Results for the quarter and year ended 31st March 2026, Special Window for Transfer and Dematerialisation of Physical Securities and updation … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May - Extract of Audited Financial Results for the quarter and year ended 31st March 2026, Special Window for Transfer and Dematerialisation of Physical Securities and updation …](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4ca8eff-87e7-4e22-a722-f97e0447eadd.pdf) |
| 7 May - On 7 May 2026, board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar project. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 7Th May, 2026 7 May - On 7 May 2026, board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar project.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a035ce54-c361-4027-815e-ab9f3aee77c9.pdf) |
| 7 May - Maral Overseas filed its FY2025-26 Secretarial Compliance Report, reporting full compliance and no SEBI actions. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 7 May - Maral Overseas filed its FY2025-26 Secretarial Compliance Report, reporting full compliance and no SEBI actions.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/359323eb-5534-46d4-bc65-7875caa6478a.pdf) |
| 7 May - FY26 audited results approved; company to acquire 26% in Asawata Energy for 15 MW solar plant. | [Announcement under Regulation 30 (LODR)-Acquisition 7 May - FY26 audited results approved; company to acquire 26% in Asawata Energy for 15 MW solar plant.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2cc0a0ba-e4c3-417f-8a0d-88291fddf689.pdf) |
| 7 May - Board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar plant. | [Announcement under Regulation 30 (LODR)-Change in Management 7 May - Board approved FY26 audited results and 26% stake in Asawata Energy for 15 MW solar plant.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/84a12940-8ee1-4cad-b4ca-93ca206af10e.pdf) |
| 6 Feb - Newspaper publications regarding un-audited financial results for the quarter and nine months ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Newspaper publications regarding un-audited financial results for the quarter and nine months ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bf52e23-796c-4a56-a78f-eac25ce8a801.pdf) |
| 6 Apr - Maral Overseas reported zero March 2026 re-lodgment requests for physical share transfers. | [Update On Special Window For Re-Lodgment Of Transfer Requests Of Physical Shares 6 Apr - Maral Overseas reported zero March 2026 re-lodgment requests for physical share transfers.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c669bd72-a408-4dbd-9143-6cc4eb7632b1.pdf) |
| 5 Feb - Board approved unaudited Q3 and 9M results to 31-Dec-2025; Q3 revenue ₹24,744.52 lakh; PBT ₹567.53 lakh. | [Board Meeting Outcome for Outcome Of Board Meeting 5 Feb - Board approved unaudited Q3 and 9M results to 31-Dec-2025; Q3 revenue ₹24,744.52 lakh; PBT ₹567.53 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1238ad57-5f78-4ff1-9302-7c802aaf3785.pdf) |
| 5 Feb - Board approved revised UPSI disclosure Code and new Maral Overseas logo on 5 Feb 2026. | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 5 Feb - Board approved revised UPSI disclosure Code and new Maral Overseas logo on 5 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26f9aae5-b58c-40eb-94c2-26eaa99e9e9e.pdf) |
| 5 Feb - Board approved amended UPSI disclosure code and new logo; effective 5 February 2026. | [Adoption Of New Logo Of The Company 5 Feb - Board approved amended UPSI disclosure code and new logo; effective 5 February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09e136f2-d005-464c-91ae-80182cb60ae3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MARALOVER_2010_2011_10092011063535.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d677b792-e092-4777-b1f0-2352c569d976.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/598e6a61-30bb-4dca-81be-8f3ba2876a29.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e581834-403d-4c46-9bc6-2f9f378334e3.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1c840b8-2b56-4e17-8ffd-4ed8e288a995.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/521018/73969521018.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/521018/69331521018.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/521018/65071521018.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/521018/5210180319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/521018/5210180318.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 2026-09-13T19:59:37.267Z.