---
title: "Niraj Cement Structurals Ltd (NIRAJ) — Share Price, Financials & Analysis"
symbol: "NIRAJ"
company: "Niraj Cement Structurals Ltd"
canonical: "https://tapetide.com/stocks/NIRAJ"
isin: "INE368I01016"
nse_symbol: "NIRAJ"
bse_code: "532986"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 161.17
generated_at: "2026-09-13T18:58:57.143Z"
---

# Niraj Cement Structurals Ltd (NIRAJ)

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

## Company

- **NSE Symbol:** NIRAJ
- **BSE Code:** 532986
- **ISIN:** INE368I01016
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2020-10-01
- **CEO:** Mr. Vishram Pandurang Rudre
- **Employees:** 18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** niraj.co.in

## About

Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services[1]

## Latest Price

- **Price:** ₹27.22
- **Change:** -0.54 (-1.95%)
- **Open:** ₹27.5
- **Day High:** ₹28.37
- **Day Low:** ₹25.7
- **Previous Close:** ₹27.76
- **Volume:** 41690
- **As Of:** 2026-09-11T09:59:48+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:53.850016Z.

- **Market Cap:** ₹161.17 Cr
- **Classification:** Microcap
- **P/E (reported):** 7
- **P/E (TTM):** 6.61
- **EPS (TTM):** ₹4.12
- **Book Value:** ₹44.55
- **Price to Book:** 0.62
- **Dividend Yield:** 0%
- **ROE:** 6.2%
- **ROCE:** 8.2%
- **Debt to Equity:** 0.25
- **Revenue (yearly):** ₹542.03 Cr
- **Net Income:** ₹20.9 Cr
- **EBITDA:** ₹19.38 Cr
- **52-Week High:** ₹51.98
- **52-Week Low:** ₹20.15
- **RSI (14):** 39.15

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Flat
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 65.54 | 9% |
| growth | 44.96 | 9% |
| momentum | 56.11 | 12% |
| ownership | 49.48 | 24% |
| quality | 33.1 | 22% |
| valuation | 63.64 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.61 times its book value
- Company has delivered good profit growth of 62.8% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 24.9%
- Company has a low return on equity of 8.70% over last 3 years.
- Earnings include an other income of Rs.19.0 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -370.79% | -144.12% | — |
| ebitda margin growth | -24.07% | -21.09% | -29.41% | 37.01% |
| net income growth | -36.84% | 38.41% | 47% | 63% |
| revenue growth | -21.59% | 5.56% | -4% | 25% |
| roce | -24.73% | -5.42% | 98.55% | 4.8% |
| roe | -36.81% | -2.82% | 5.01% | 726.67% |

## 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 | 110.98 | 126.18 | 133.99 | 82.39 | 138.02 | 119.7 | 166.61 | 94.44 | 171.62 | 139.75 | 134.63 | 104.3 |
| Expenses | 108.82 | 122.74 | 125.68 | 82.09 | 132.64 | 117.29 | 158.36 | 95.32 | 161.63 | 133 | 130.87 | 102.78 |
| Operating Profit | 2.16 | 3.44 | 8.31 | 0.3 | 5.38 | 2.41 | 8.25 | -0.88 | 9.99 | 6.75 | 3.76 | 1.52 |
| OPM % | 1.95 | 2.73 | 6.2 | 0.36 | 3.9 | 2.01 | 4.95 | -0.93 | 5.82 | 4.83 | 2.79 | 1.46 |
| Other Income | -0.34 | -1.66 | 1.73 | 1.29 | 0.49 | 1.11 | 3.29 | 2.88 | 2.29 | 3.1 | 6.54 | 7.07 |
| Interest | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.06 | 0.91 | 2.01 | 2.64 |
| Depreciation | 0.63 | 0.43 | 0.25 | 0.51 | 0.56 | 0.53 | 0.61 | 0.57 | 0.63 | 0.58 | 0.63 | 0.49 |
| Profit before tax | 1.16 | 1.33 | 9.77 | 1.06 | 5.29 | 2.97 | 10.91 | 1.39 | 11.59 | 8.36 | 7.66 | 5.46 |
| Tax % | 26.72 | 26.32 | 23.54 | 23.58 | 23.44 | 25.25 | 25.3 | 21.58 | 20.79 | 26.91 | 31.72 | 25.64 |
| Net Profit | 0.85 | 0.99 | 7.47 | 0.81 | 4.05 | 2.22 | 8.14 | 1.1 | 9.18 | 6.1 | 5.23 | 4.06 |
| EPS in Rs | 0.21 | 0.25 | 1.86 | 0.2 | 1.01 | 0.51 | 1.36 | 0.18 | 1.54 | 1.02 | 0.88 | 0.68 |

### 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 | 108 | 109 | 124 | 175 | 356 | 605 | 470 | 507 | 540 | 550 |
| Expenses | 109 | 108 | 118 | 174 | 351 | 596 | 454 | 490 | 521 | 528 |
| Operating Profit | -2 | 2 | 5 | 1 | 5 | 9 | 16 | 16 | 20 | 22 |
| OPM % | -1.6 | 1.4 | 4.2 | 0.5 | 1.4 | 1.5 | 3.5 | 3.2 | 3.6 | 4 |
| Other Income | 8 | 1 | -1 | 3 | 0 | -1 | -1 | 6 | 15 | 19 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 |
| Depreciation | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 4 | 1 | 2 | 2 | 3 | 6 | 14 | 20 | 29 | 33 |
| Tax % | 75 | -7 | 19 | 33 | 24 | 37 | 24 | 25 | 26 | — |
| Net Profit | 1 | 1 | 2 | 1 | 2 | 4 | 10 | 15 | 22 | 25 |
| EPS in Rs | 0.71 | 0.66 | 0.84 | 0.33 | 0.62 | 1 | 2.56 | 2.55 | 3.62 | 4.12 |
| 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 | 12 | 15 | 22 | 22 | 43 | 43 | 43 | 40 | 60 | 60 |
| Reserves | 142 | 140 | 135 | 154 | 134 | 136 | 133 | 113 | 184 | 207 |
| Borrowings | 133 | 57 | 20 | 19 | 30 | 13 | 26 | 0 | 1 | 68 |
| Other Liabilities | 69 | 47 | 41 | 35 | 70 | 120 | 112 | 103 | 140 | 125 |
| Total Liabilities | 355 | 258 | 218 | 230 | 277 | 313 | 314 | 256 | 384 | 460 |
| Fixed Assets | 17 | 16 | 13 | 11 | 10 | 8 | 7 | 9 | 11 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 1 | 0 | 0 | 0 | 14 | 14 | 14 | 15 | 23 | 14 |
| Other Assets | 337 | 243 | 205 | 219 | 253 | 290 | 293 | 231 | 349 | 434 |
| Total Assets | 355 | 258 | 218 | 230 | 277 | 313 | 314 | 256 | 384 | 460 |

### 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 | -59 | 50 | 9 | -18 | -5 | 39 | -30 | 28 | -83 | -86 |
| Cash from Investing Activity | 2 | 1 | 25 | 9 | -9 | -11 | 15 | -6 | -19 | 20 |
| Cash from Financing Activity | 63 | -55 | -36 | 18 | 9 | -17 | 5 | -26 | 104 | 64 |
| Net Cash Flow | 6 | -5 | -1 | 9 | -5 | 10 | -11 | -4 | 2 | -1 |
| Free Cash Flow | -57 | 50 | 10 | -18 | -5 | 39 | -30 | 24 | -87 | -88 |
| CFO/OP | -2242 | -2980 | 611 | -339 | -508 | 768 | -345 | 191 | -477 | -399 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 507 | 319 | 289 | 188 | 138 | 79 | 62 | 44 | 49 | 48 |
| Inventory Days | — | — | — | — | — | — | — | — | — | 4 |
| Days Payable | — | — | — | — | — | — | — | — | — | 17 |
| Cash Conversion Cycle | 507 | 319 | 289 | 188 | 138 | 79 | 62 | 44 | 49 | 35 |
| Working Capital Days | 470 | 400 | 375 | 388 | 254 | 98 | 62 | 56 | 100 | 116 |
| ROCE % | 1 | 2 | 1 | 2 | 2 | 4 | 6 | 12 | 11 | 11 |

## 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 | 24.26% | 24.26% | 24.26% | 24.26% | 24.26% | 22.53% | 24.89% | 24.89% | 24.89% | 24.89% | 24.89% | 24.89% |
| FIIs | 0% | 0% | 0% | 0.03% | 0.12% | 0% | 0% | 0% | 0% | 0.09% | 0.09% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.63% | 0.63% | 0% | 0% | 0.13% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.35% | 24.36% | 23.98% | 24.16% | 24.2% | 28.92% | 29.88% | 26.99% | 27.01% | 26.77% | 27.13% | 27.02% |
| Others | 52.39% | 51.38% | 51.76% | 51.56% | 51.41% | 48.55% | 45.23% | 47.49% | 47.47% | 48.25% | 47.89% | 47.96% |
| No. of Shareholders | 10662 | 12103 | 13194 | 13782 | 14248 | 14293 | 13204 | 12933 | 12737 | 14219 | 14476 | 14177 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 28.55 | Sell |
| EMA (10) | 28.26 | Sell |
| SMA (20) | 28.53 | Sell |
| EMA (20) | 28.52 | Sell |
| SMA (50) | 28.88 | Sell |
| EMA (50) | 28.86 | Sell |
| SMA (100) | 29.41 | Sell |
| EMA (100) | 29.45 | Sell |
| SMA (200) | 30.81 | Sell |
| EMA (200) | 32.46 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.94 | Neutral |
| MACD (12,26,9) | -0.28 | Sell |
| Stochastic (14,3,3) | 19.21 | Buy |
| ADX (14) | 19.37 | Neutral |
| Williams %R (14) | -70.2 | Neutral |
| ATR (14) | 1.33 | High Volatility |
| ROC (12) | -6.52 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 37.9 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3ec89fe-a9db-464f-adff-187525aba184.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d5c68e7-5b09-4d00-bdbd-6f8ae9cfb139.pdf) |
| 2026-09-04 | [Notice Of 28Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a402d6ac-33b8-45fa-9e9a-f29dbd43c296.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19a5c35f-43fc-4051-b576-760b53e694c4.pdf) |
| 2026-08-21 | [Incorporation Of Niraj Group Foundation For Undertaking CSR Activities Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a7373b2-b71b-4b1b-a0ec-99269c749c0b.pdf) |
| 2026-08-20 | [Post Offer Advertisement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6879A822-EB83-491E-B5BF-B64BA0B057B2-122301.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb40b060-c680-41a8-97e5-9a3faa5f8124.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Friday August 14 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e381c8a-2379-41bc-acdf-8dc77aa1be94.pdf) |
| 2026-08-08 | [Board Meeting Intimation for Intimation Of The Board Meeting Of Niraj Cement Structurals Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=923bcd63-d0fb-49c9-b61e-5f80075381fd.pdf) |
| 2026-08-08 | [Update on board meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c11b6de-3cbf-4861-8896-33e5e42a3708.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [To Considered And Approved The Un-Audited Standalone & Consolidated Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=494c2789-f505-40d7-8963-e18eb860f7a6.pdf) |
| 2026-05-21 | [Financial Results (Standalone & Consolidated)For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc1ede7e-3506-40c4-99fc-977187e10c78.pdf) |
| 2026-02-10 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c96d3c55-533d-4def-b97f-de6aa4e08a75.pdf) |
| 2025-11-13 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c431a63d-b0f0-4c76-9e7c-c8320a8ad851.pdf) |
| 2025-08-13 | [Results - Financial Results June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14e84478-506b-40ca-81ec-8a9c3b80c135.pdf) |
| 2025-08-13 | [Results - Financial Results June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0466744-7a34-404f-8f63-bb00d82b1151.pdf) |
| 2025-05-22 | [Result For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48061820-879b-421c-8e48-fd710f85ff85.pdf) |
| 2025-02-11 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Month Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bc0ad66-1545-4685-8dff-74d66d67198c.pdf) |
| 2024-11-14 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c8d110e-9e7c-4bdc-aaaa-270a47cd61a3.pdf) |
| 2024-08-13 | [Approval The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8856f40f-d427-4047-bab0-e0a25720bdf3.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Company clarified recent share price movement was market-driven, with no undisclosed material event. | [Clarification Of Price Movement 9 Apr - Company clarified recent share price movement was market-driven, with no undisclosed material event.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5783edc-7372-4fd4-bf60-26af43be8655.pdf) |
| 6 Mar - Three EPC work orders from MoRTH, PWD Odisha, NHAI totaling Rs.179.65 Cr on March 6, 2026. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 6 Mar - Three EPC work orders from MoRTH, PWD Odisha, NHAI totaling Rs.179.65 Cr on March 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbc95585-c5df-4a75-99e7-4dcfc1882799.pdf) |
| 2h - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 2h - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b2994985-5ad6-49ce-a99f-8cee03e6128d.pdf) |
| 25 Apr - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 25 Apr - Niraj Cement confirms it is not a Large Corporate under SEBI circular, dated April 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b2994985-5ad6-49ce-a99f-8cee03e6128d.pdf) |
| 2 Feb - Board meeting on Feb 10, 2026 to consider unaudited Q3 and nine-month results ended Dec 31, 2025. | [Board Meeting Intimation for Intimation Of The Board Meeting Of Niraj Cement Structurals Limited To Be Held On Tuesday, February 10, 2026. 2 Feb - Board meeting on Feb 10, 2026 to consider unaudited Q3 and nine-month results ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd1cab8c-7632-4382-a012-1f6de13a8d37.pdf) |
| 13 Apr - Compliance Certificate received from RTA for the Quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Compliance Certificate received from RTA for the Quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0115a3ce-8311-4c75-bd08-35d023172062.pdf) |
| 10 Feb - Board approved unaudited standalone and consolidated results for quarter/nine months ended Dec 31, 2025; limited review unmodified. | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025. 10 Feb - Board approved unaudited standalone and consolidated results for quarter/nine months ended Dec 31, 2025; limited review unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c96d3c55-533d-4def-b97f-de6aa4e08a75.pdf) |
| 10 Feb - Approved unaudited standalone and consolidated results for Q3/9M ended Dec 31, 2025; auditor unmodified. | [Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Tuesday, February 10, 2026. 10 Feb - Approved unaudited standalone and consolidated results for Q3/9M ended Dec 31, 2025; auditor unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e0f918e-47fc-4f74-b63d-ba719f45ddc6.pdf) |
| 10 Apr - Company clarified recent share price movement was market-driven and no material information was withheld. | [Clarification Of Price Movement 10 Apr - Company clarified recent share price movement was market-driven and no material information was withheld.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5dab93c2-73dc-4418-be0e-44db34a59296.pdf) |
| — | [Closure of Trading Window 27 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9038b4e6-4294-43a4-8cad-5ae42430586a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14004d09-6779-4397-b087-e47bbeeb76bd.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0202e34c-22df-4357-9326-b3fa13f8eb51.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42fa37d1-2a64-4fa8-bfc7-2b1db59e42a9.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/76458532986.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/71996532986.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/66907532986.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/5329860319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/5329860318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/5329860317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532986/5329860316.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 2026-09-13T18:58:57.143Z.