---
title: "QVC Exports Ltd (QVCEL) — Share Price, Financials & Analysis"
symbol: "QVCEL"
company: "QVC Exports Ltd"
canonical: "https://tapetide.com/stocks/QVCEL"
isin: "INE0KZF01015"
nse_symbol: "QVCEL"
sector: "Metals & Mining"
industry: "Trading Metals"
market_cap_cr: 24.98
generated_at: "2026-09-13T20:14:47.952Z"
---

# QVC Exports Ltd (QVCEL)

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

## Company

- **NSE Symbol:** QVCEL
- **ISIN:** INE0KZF01015
- **Sector:** Metals & Mining
- **Industry:** Trading Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** qvcgroup.com

## About

Incorporated in 2005, QVC Exports Ltd is in the business of dealing in ferroalloys, and raw materials for the manufacturing of steel[1]

## Latest Price

- **Price:** ₹23.9
- **Change:** 0 (0%)
- **Open:** ₹23.9
- **Day High:** ₹23.9
- **Day Low:** ₹23.9
- **Previous Close:** ₹23.9
- **Volume:** 1600
- **As Of:** 2026-09-10T08:51:02+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:10.927533Z.

- **Market Cap:** ₹24.98 Cr
- **Classification:** SME
- **P/E (reported):** 7.5
- **Book Value:** ₹58.29
- **Price to Book:** 0.41
- **Dividend Yield:** 4.18%
- **ROE:** 4.78%
- **ROCE:** 20.08%
- **Debt to Equity:** 1.08
- **Revenue (yearly):** ₹447.9 Cr
- **Net Income:** ₹2.9 Cr
- **EBITDA:** ₹12.7 Cr
- **52-Week High:** ₹35.3
- **52-Week Low:** ₹21.75
- **RSI (14):** 45.99

## Tapetide Score

- **Score:** 61 / 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: Flat
- **Percentile:** 90.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 30.16 | 9% |
| growth | 65.84 | 9% |
| momentum | 58.48 | 12% |
| ownership | 53.42 | 24% |
| quality | 60.15 | 22% |
| valuation | 79.44 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.41 times its book value
- Stock is providing a good dividend yield of 4.18%.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 9.53% over last 3 years.
- Contingent liabilities of Rs.30.1 Cr.
- Earnings include an other income of Rs.7.55 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -136.43% | -136.43% | -288.14% |
| ebitda margin growth | -37.44% | 20.34% | 55.19% |
| net income growth | -47.27% | 16% | 42% |
| revenue growth | 22.48% | 29% | 44% |
| roce | -26.88% | -29.4% | 19.37% |
| roe | -49.84% | 8.61% | 41% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 288 | 198 | 161 | 208 | 232 |
| Expenses | 285 | 193 | 156 | 204 | 231 |
| Operating Profit | 3 | 5 | 5 | 4 | 1 |
| OPM % | 1 | 2.5 | 3 | 1.8 | 0.6 |
| Other Income | 4 | 2 | 5 | 3 | 5 |
| Interest | 2 | 4 | 5 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 3 | 4 | 2 | 2 |
| Tax % | 29 | 28 | 18 | 17 | 28 |
| Net Profit | 5 | 4 | 4 | 2 | 1 |
| EPS in Rs | 12.16 | 4.15 | 3.45 | 2 | 1.2 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 72 | 123 | 207 | 446 | 359 | 440 |
| Expenses | 89 | 125 | 210 | 443 | 349 | 435 |
| Operating Profit | -17 | -2 | -3 | 2 | 10 | 5 |
| OPM % | -24 | -1.7 | -1.5 | 0.5 | 2.7 | 1.2 |
| Other Income | 20 | 4 | 7 | 9 | 7 | 8 |
| Interest | 1 | 1 | 2 | 5 | 9 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 2 | 5 | 7 | 4 |
| Tax % | 24 | 28 | 23 | 27 | 22 | 22 |
| Net Profit | 1 | 1 | 2 | 6 | 8 | 3 |
| EPS in Rs | 10.84 | 2.68 | 5.48 | 7.2 | 7.62 | 3.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 7 | 31 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.77 | 5 | 4 | 8 | 10 | 10 |
| Reserves | 25 | 22 | 24 | 26 | 48 | 50 |
| Borrowings | 21 | 22 | 32 | 50 | 84 | 65 |
| Other Liabilities | 2 | 6 | 5 | 10 | 12 | 7 |
| Total Liabilities | 49 | 55 | 65 | 94 | 154 | 133 |
| Fixed Assets | 3 | 2 | 7 | 9 | 8 | 8 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 5 | 4 | 6 | 8 | 8 |
| Other Assets | 40 | 47 | 54 | 79 | 138 | 116 |
| Total Assets | 49 | 55 | 65 | 94 | 154 | 133 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 2 | 3 | 10 | 10 | -4 |
| Cash from Investing Activity | 3 | 1 | -4 | -4 | -4 | 0 |
| Cash from Financing Activity | -6 | -2 | 1 | -8 | -8 | 5 |
| Net Cash Flow | -2 | 2 | 1 | -1 | -1 | 2 |
| Free Cash Flow | 1 | 2 | -2 | 8 | 8 | 0 |
| CFO/OP | -9 | -115 | -90 | 503 | 107 | -37 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 56 | 50 | 31 | 29 | 65 | 44 |
| Inventory Days | 14 | 15 | 0 | 0 | 12 | 18 |
| Days Payable | 3 | 17 | — | — | 6 | 3 |
| Cash Conversion Cycle | 67 | 48 | 31 | 29 | 70 | 59 |
| Working Capital Days | 15 | 8 | 12 | -2 | 13 | 18 |
| ROCE % | — | 5 | 8 | 14 | 11 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 73.22% | 73.22% | 73.22% | 73.22% |
| FIIs | 0% | 0% | 0% | 0.02% |
| DIIs | 0% | 0% | 0% | 0.17% |
| Government | 0% | 0% | 0% | 0% |
| Public | 21.25% | 21.8% | 22.02% | 22.92% |
| Others | 5.53% | 4.98% | 4.76% | 3.67% |
| No. of Shareholders | 1220 | 1069 | 1010 | 956 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 24.45 | Sell |
| EMA (10) | 24.32 | Sell |
| SMA (20) | 25.22 | Sell |
| EMA (20) | 24.66 | Sell |
| SMA (50) | 24.42 | Sell |
| EMA (50) | 24.78 | Sell |
| SMA (100) | 25.06 | Sell |
| EMA (100) | 25.3 | Sell |
| SMA (200) | 27.04 | Sell |
| EMA (200) | 26.9 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46 | Neutral |
| MACD (12,26,9) | -0.26 | Sell |
| Stochastic (14,3,3) | 18.96 | Buy |
| ADX (14) | 12.43 | Neutral |
| Williams %R (14) | -74.31 | Neutral |
| ATR (14) | 1.13 | High Volatility |
| ROC (12) | -8.43 | Sell |
| Stoch RSI (14) | 23.01 | Neutral |
| UO (7,14,28) | 51.73 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - 21st AGM voting results announced; 6 resolutions passed, including 10% final dividend and MD reappointment. | [Shareholders meeting 9 Sep - 21st AGM voting results announced; 6 resolutions passed, including 10% final dividend and MD reappointment.](https://nsearchives.nseindia.com/corporate/QVCEL_09092026154147_QEL_VOTING_RESULTS.pdf) |
| 8 Jul - QVC Exports replies to NSE query; auditor certifies IPO proceeds fully utilized as of 30 Sep 2025. | [Reply to Clarification- Financial results 8 Jul - QVC Exports replies to NSE query; auditor certifies IPO proceeds fully utilized as of 30 Sep 2025.](https://nsearchives.nseindia.com/corporate/QVCEL_06072026111348_Clarification_QEL_27-06-2026__1_.pdf) |
| 7 Sep - QVC Exports held its 21st AGM on 7 September 2026, approving results, final dividend, and director reappointments. | [Appointment 7 Sep - QVC Exports held its 21st AGM on 7 September 2026, approving results, final dividend, and director reappointments.](https://nsearchives.nseindia.com/corporate/QVCEL_07092026181858_Outcome_of_21st_AGM_07092026.pdf) |
| 7 Sep - QVC Exports held its 21st AGM on 7 September 2026, approving accounts, final dividend, and director reappointments. | [Appointment 7 Sep - QVC Exports held its 21st AGM on 7 September 2026, approving accounts, final dividend, and director reappointments.](https://nsearchives.nseindia.com/corporate/QVCEL_07092026182104_Outcome_of_21st_AGM_07092026.pdf) |
| 7 Sep - QVC Exports held 21st AGM on Sept 7, 2026; approved FY26 accounts, final dividend, and director changes. | [Appointment 7 Sep - QVC Exports held 21st AGM on Sept 7, 2026; approved FY26 accounts, final dividend, and director changes.](https://nsearchives.nseindia.com/corporate/QVCEL_07092026181704_Outcome_of_21st_AGM_07092026.pdf) |
| 7 Sep - QVC Exports held 21st AGM on 7 Sept 2026; approved FY26 dividend and reappointed directors. | [Shareholders meeting 7 Sep - QVC Exports held 21st AGM on 7 Sept 2026; approved FY26 dividend and reappointed directors.](https://nsearchives.nseindia.com/corporate/QVCEL_07092026181128_Outcome_of_21st_AGM_07092026.pdf) |
| 7 Aug - Newspaper notice on 7 August 2026 asks shareholders to update email IDs for FY2025-26 annual report dispatch. | [Copy of Newspaper Publication 7 Aug - Newspaper notice on 7 August 2026 asks shareholders to update email IDs for FY2025-26 annual report dispatch.](https://nsearchives.nseindia.com/corporate/QVCEL_07082026125027_QEL_Publication_070826.pdf) |
| 5 Aug - Board approved FY26 report, recommended 10% dividend, scheduled AGM for 7 Sep 2026, and reappointed MD/WTD. | [Outcome of Board Meeting 5 Aug - Board approved FY26 report, recommended 10% dividend, scheduled AGM for 7 Sep 2026, and reappointed MD/WTD.](https://nsearchives.nseindia.com/corporate/QVCEL_05082026161507_QEL_Outcome_050826.pdf) |
| 5 Aug - Board approved FY26 report, recommended 10% dividend, and scheduled AGM on 7 September 2026. | [Dividend 5 Aug - Board approved FY26 report, recommended 10% dividend, and scheduled AGM on 7 September 2026.](https://nsearchives.nseindia.com/corporate/QVCEL_05082026162100_QEL_Outcome_050826__1_.pdf) |
| 30 May 2026 - Board approved FY26 audited standalone and consolidated results; reappointed internal auditor; noted SEBI warning letter. | [Outcome of Board Meeting 30 May 2026 - Board approved FY26 audited standalone and consolidated results; reappointed internal auditor; noted SEBI warning letter.](https://nsearchives.nseindia.com/corporate/QVCEL_30052026192207_QEL-FR-30-05-2026__1_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30322_QVCEL_2025_2026_A_12335361_13082026163209.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27552_QVCEL_2024_2025_A_21082025182158.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26068_QVCEL_2023_2024_06092024205033.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 2026-09-13T20:14:47.952Z.