---
title: "Shilchar Technologies Ltd (SHILCTECH) — Share Price, Financials & Analysis"
symbol: "SHILCTECH"
company: "Shilchar Technologies Ltd"
canonical: "https://tapetide.com/stocks/SHILCTECH"
isin: "INE024F01011"
nse_symbol: "SHILCTECH"
bse_code: "531201"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 4691.74
generated_at: "2026-09-13T20:03:10.892Z"
---

# Shilchar Technologies Ltd (SHILCTECH)

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

## Company

- **NSE Symbol:** SHILCTECH
- **BSE Code:** 531201
- **ISIN:** INE024F01011
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-24
- **CEO:** Mr. Alay Jitendra Shah
- **Employees:** 163
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shilchar.com

## About

Shilchar Technologies is engaged in the business of manufacturing Electronics & Telecom and Power & Distribution transformers.
The company has recently ventured into the manufacturing of Ferrite transformers.  [1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:47.157384Z.

- **Market Cap:** ₹4691.74 Cr
- **Classification:** Microcap
- **P/E (reported):** 34.5
- **EPS (TTM):** ₹120.22
- **Book Value:** ₹429.05
- **Price to Book:** 9.67
- **Dividend Yield:** 0.3%
- **ROE:** 32.22%
- **ROCE:** 42.85%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹678 Cr
- **Net Income:** ₹158.2 Cr
- **EBITDA:** ₹216.5 Cr
- **52-Week High:** ₹5399
- **52-Week Low:** ₹2852.5
- **RSI (14):** 51.82

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 91.28 | 9% |
| growth | 15 | 9% |
| momentum | 40.99 | 12% |
| ownership | 55.37 | 24% |
| quality | 78.61 | 22% |
| valuation | 37.31 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 95.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.1%
- Company's median sales growth is 38.4% of last 10 years

### Weaknesses

- Stock is trading at 9.73 times its book value
- Promoter holding has decreased over last 3 years: -3.73%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 385.39% | 151.07% | — |
| ebitda margin growth | -24.35% | 1.49% | 3.7% | 157.29% |
| net income growth | -26.41% | 7.69% | 54% | 96% |
| revenue growth | -10.42% | 6% | 33% | 41% |
| roce | — | -24.01% | -26.15% | 45.6% |
| roe | — | -23.9% | 39.47% | 83.07% |

## 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 | 106 | 118 | 105 | 107 | 131 | 154 | 232 | 159 | 171 | 170 | 152 | 135 |
| Expenses | 77 | 86 | 74 | 78 | 90 | 111 | 161 | 106 | 118 | 118 | 120 | 113 |
| Operating Profit | 30 | 32 | 31 | 29 | 41 | 43 | 71 | 52 | 54 | 52 | 32 | 22 |
| OPM % | 28 | 27 | 30 | 28 | 31 | 28 | 31 | 33 | 31 | 31 | 21 | 16 |
| Other Income | 4 | 3 | 3 | 3 | 4 | 5 | 5 | 4 | 9 | 6 | 7 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 33 | 35 | 34 | 32 | 44 | 47 | 75 | 56 | 62 | 57 | 37 | 28 |
| Tax % | 25 | 25 | 27 | 25 | 25 | 26 | 26 | 25 | 25 | 26 | 24 | 26 |
| Net Profit | 24 | 26 | 25 | 24 | 33 | 35 | 55 | 41 | 46 | 42 | 28 | 21 |
| EPS in Rs | 21.4 | 22.89 | 21.95 | 21.04 | 28.71 | 30.5 | 48.56 | 36.27 | 40.16 | 37.01 | 24.82 | 18.23 |

### 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 | 88 | 118 | 71 | 118 | 180 | 280 | 397 | 623 | 652 | 628 |
| Expenses | 78 | 104 | 68 | 108 | 161 | 227 | 284 | 438 | 461 | 468 |
| Operating Profit | 9 | 14 | 3 | 10 | 19 | 53 | 113 | 185 | 190 | 160 |
| OPM % | 11 | 12 | 4.3 | 8 | 11 | 19 | 29 | 30 | 29 | 25 |
| Other Income | 1 | 2 | 3 | 2 | 3 | 8 | 13 | 16 | 26 | 29 |
| Interest | 1 | 3 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | 8 | 11 | 2 | 7 | 19 | 58 | 123 | 197 | 212 | 184 |
| Tax % | 28 | 27 | 25 | 24 | 27 | 26 | 25 | 26 | 25 | — |
| Net Profit | 6 | 8 | 2 | 6 | 14 | 43 | 92 | 147 | 158 | 138 |
| EPS in Rs | 5.15 | 6.8 | 1.32 | 4.84 | 12.32 | 37.82 | 80.61 | 128.82 | 138.25 | 120.22 |
| Dividend Payout % | 13 | 10 | 25 | 10 | 11 | 9 | 10 | 6 | 9 | — |

### 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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 | 8 | 11 |
| Reserves | 46 | 50 | 57 | 57 | 63 | 76 | 118 | 202 | 339 | 479 |
| Borrowings | 4 | 13 | 16 | 15 | 8 | 17 | 0 | 0 | 0 | 0 |
| Other Liabilities | 30 | 28 | 22 | 27 | 33 | 49 | 56 | 83 | 143 | 100 |
| Total Liabilities | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |
| Fixed Assets | 17 | 16 | 41 | 39 | 37 | 36 | 39 | 41 | 59 | 69 |
| CWIP | 6 | 22 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 6 |
| Investments | 12 | 6 | 0 | 0 | 1 | 0 | 7 | 20 | 54 | 202 |
| Other Assets | 49 | 52 | 57 | 64 | 69 | 110 | 132 | 227 | 377 | 313 |
| Total Assets | 84 | 96 | 99 | 103 | 107 | 146 | 178 | 292 | 490 | 591 |

### 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 | 12 | 5 | 1 | 6 | 10 | -6 | 39 | 76 | 40 | 192 |
| Cash from Investing Activity | -16 | -11 | 1 | 0 | -1 | -1 | -12 | -23 | -48 | -169 |
| Cash from Financing Activity | 3 | 7 | -2 | -4 | -10 | 6 | -19 | -29 | 5 | -31 |
| Net Cash Flow | -1 | 0 | 0 | 1 | -1 | -1 | 9 | 25 | -4 | -8 |
| Free Cash Flow | 6 | -13 | -4 | 6 | 10 | -9 | 34 | 66 | 21 | 169 |
| CFO/OP | 105 | 95 | 19 | 217 | 121 | -13 | 102 | 94 | 45 | 134 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 107 | 115 | 98 | 167 | 96 | 140 | 120 | 86 | 134 | 86 |
| Inventory Days | 37 | 66 | 72 | 151 | 109 | 82 | 42 | 87 | 88 | 83 |
| Days Payable | 107 | 133 | 73 | 161 | 113 | 93 | 67 | 80 | 102 | 64 |
| Cash Conversion Cycle | 38 | 48 | 97 | 157 | 93 | 129 | 96 | 93 | 120 | 105 |
| Working Capital Days | 46 | 73 | 90 | 147 | 98 | 91 | 86 | 77 | 112 | 91 |
| ROCE % | 43 | 16 | 19 | 4 | 13 | 24 | 54 | 75 | 71 | 51 |

## 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 | 65.85% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 62.12% | 62.12% | 62.12% |
| FIIs | 1% | 3.17% | 3.54% | 3.08% | 3.22% | 2.3% | 2.06% | 2.12% | 2.73% | 2.75% | 2.55% | 2.57% |
| DIIs | 0% | 0% | 0% | 0.02% | 0.03% | 0.11% | 0.11% | 0.13% | 0.34% | 1.49% | 1.91% | 1.95% |
| Government | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% | 0% | 0% | 0% | 0% | 0% |
| Public | 16% | 15.92% | 16.69% | 18.05% | 17.82% | 18.38% | 18.61% | 18.85% | 17.82% | 18.39% | 17.99% | 17.64% |
| Others | 16.63% | 16.37% | 15.22% | 14.31% | 14.39% | 14.67% | 14.69% | 14.89% | 15.1% | 15.26% | 15.44% | 15.72% |
| No. of Shareholders | 8254 | 12952 | 16011 | 23220 | 27099 | 31367 | 36352 | 39084 | 42641 | 43687 | 43953 | 43353 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 7 / 5 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4098.13 | Buy |
| EMA (10) | 4112.46 | Buy |
| SMA (20) | 4018.93 | Buy |
| EMA (20) | 4109.5 | Buy |
| SMA (50) | 4247.12 | Sell |
| EMA (50) | 4184.72 | Sell |
| SMA (100) | 4310.76 | Sell |
| EMA (100) | 4224.68 | Sell |
| SMA (200) | 4090.76 | Buy |
| EMA (200) | 4431.59 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.64 | Neutral |
| MACD (12,26,9) | -19.96 | Buy |
| Stochastic (14,3,3) | 73.17 | Neutral |
| ADX (14) | 15.76 | Neutral |
| Williams %R (14) | -18.4 | Sell |
| ATR (14) | 130.25 | High Volatility |
| ROC (12) | 5.74 | Buy |
| Stoch RSI (14) | 85.39 | Sell |
| UO (7,14,28) | 57.9 | Neutral |

## Filings & Documents

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2107aff0-a3e5-4121-acb2-9857f3ef1505.pdf) |
| 2026-05-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d51e3f4b-f09f-4916-9045-487f66d9afb1.pdf) |
| 2025-10-24 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f016abc5-db70-481a-9564-c32203179c43.pdf) |
| 2025-04-26 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e7e7690-378b-43e0-a544-1892f35801ae.pdf) |
| 2024-10-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3b52609-fbcb-47f3-94b7-8f3097ee1578.pdf) |
| 2024-02-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d07580aa-6617-4bc8-9acb-a31dda66fc36.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8d33f7f3-9135-4cc5-921e-dee877869f5c.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61079750-8230-4100-88b9-bdb209fd37a9.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6b9e9bf-c11a-4b9b-994c-9d8e41b244ae.pdf) |
| 2026-08-12 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=557ca875-8cdf-4d4d-9e19-9b58aafc83fd.pdf) |
| 2026-08-11 | [Board Meeting Outcome for Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18968aba-d442-42f0-89cb-49942f76414a.pdf) |
| 2026-08-11 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06829b16-c5fc-40e3-a6a9-44994e6f8db0.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fb29dec-33b8-44ca-906c-82a2a528e8be.pdf) |
| 2026-08-05 | [Board Meeting Intimation for Approval Of Unaudited Financial Results Of The Company For Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7d1b79a-feb5-43d7-8ad7-ad81670d1627.pdf) |
| 2026-07-19 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34592927-9e2e-473a-b48b-098624423074.pdf) |
| 2026-07-17 | [Annual General Meeting FY 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98ec8f85-abf4-472a-a4e4-1dbbf1808542.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1898a3e0-dddd-4c77-8f54-08d9cab92a13.pdf) |
| 2026-05-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09f6517d-2ff5-47f7-ae23-409aea0b910b.pdf) |
| 2026-01-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ba68b70-36b8-4dae-814a-22e06fd1237f.pdf) |
| 2025-10-17 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc14e3cc-ff62-456b-8b4c-cdba9fd1e25d.pdf) |
| 2025-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aefe5de5-a105-48b4-a52e-2381f49378ee.pdf) |
| 2025-04-21 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09165ed0-f3d6-4484-9cf9-348c2b6e1307.pdf) |
| 2025-01-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=992bb31d-8c2e-4d5d-af38-2603e333f50e.pdf) |
| 2024-10-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1596b0a-1174-4679-9d85-fd49e8bc54fe.pdf) |
| 2024-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52dee76d-fe96-4fde-b70d-50de21d40b47.pdf) |
| 2024-02-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d87c975-9ca9-47a0-aa18-7da14f73f031.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Unaudited Financial Results For The 01St Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ce02c4e-40e6-4ec2-9afe-77fa7c7d3a4b.pdf) |
| 2026-05-05 | [Audited Financial Results For Quarter And Year Ended On 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b43cc47-26c0-41cd-afe7-9afa17952f78.pdf) |
| 2026-01-31 | [Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf162130-3236-4b5c-99fe-bd83e3c9424e.pdf) |
| 2025-10-17 | [Unaudited Financial Results For The Second Quarter And Half Year Ended On 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4c69ebe-fa65-45ae-9e16-07a3041b55e5.pdf) |
| 2025-08-12 | [Unaudited Financial Results For The 01St Quarter Ended On 30Th June 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72a3367b-0937-451f-8c08-917327316bd4.pdf) |
| 2025-04-21 | [Audited Financial Results As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e31c720-c56f-4d44-92df-6ac7c01f3611.pdf) |
| 2025-04-21 | [Audited Financial Results As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e8900c2-3dca-4a91-99ee-e388df56fac3.pdf) |
| 2025-01-30 | [Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=573b8394-11cc-4864-b134-3abbea434366.pdf) |
| 2024-10-24 | [Unaudited Financial Results For The Second Quarter And Half Year Ended On 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da0c6107-539e-463a-a8ca-81120f3509ef.pdf) |
| 2024-08-12 | [Financial Results For Quarter Ended 30Th June 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3242d121-4ff5-4aac-9daf-554ff6a13b3d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Newspaper publication of Audited financial results for the quarter and year ended on 31st March, 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 May - Newspaper publication of Audited financial results for the quarter and year ended on 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dba40335-c1da-40d3-9599-5fc18201746c.pdf) |
| 6 Mar - Shareholders approved appointment of Aatman Alay Shah (Whole Time Director) and Arvind Nopany (Independent Director) effective 06-Mar-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 6 Mar - Shareholders approved appointment of Aatman Alay Shah (Whole Time Director) and Arvind Nopany (Independent Director) effective 06-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3b0f390-cd12-451c-b102-a100e972a064.pdf) |
| 6 Mar - Shareholders approved Aatman Alay Shah as Director/WTD, an independent director, and increased Aashay Shah's remuneration on 06-Mar-2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Mar - Shareholders approved Aatman Alay Shah as Director/WTD, an independent director, and increased Aashay Shah's remuneration on 06-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c7ae157-b2cc-4f1d-a8cb-d428c27f7a58.pdf) |
| 6 Mar - On 06-Mar-2026 shareholders approved appointing Aatman Alay Shah director/WTD, independent director appointment, and increased Aashay Shah's remuneration. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 Mar - On 06-Mar-2026 shareholders approved appointing Aatman Alay Shah director/WTD, independent director appointment, and increased Aashay Shah's remuneration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7e911b5-9084-4f2c-8b6c-28ae9b7d7b66.pdf) |
| 5 May - Q4 FY26 audited results approved; final dividend Rs.12.50/share recommended; Aashay Alay Shah reappointed Whole Time Director. | [Corporate Action-Board approves Dividend 5 May - Q4 FY26 audited results approved; final dividend Rs.12.50/share recommended; Aashay Alay Shah reappointed Whole Time Director.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/41507af7-9be7-417d-ae56-7b31ae871fdf.pdf) |
| 5 May - Investor Presentation for quarter and year ended on 31st March, 2026 | [Announcement under Regulation 30 (LODR)-Investor Presentation 5 May - Investor Presentation for quarter and year ended on 31st March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/09f6517d-2ff5-47f7-ae23-409aea0b910b.pdf) |
| 5 May - Audio recording of 5 May 2026 investor call on audited FY2026 results uploaded. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 5 May - Audio recording of 5 May 2026 investor call on audited FY2026 results uploaded.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7044b40c-b662-4c44-885c-ab467fe1c3df.pdf) |
| 2 Apr - Vadodara GST order confirms Rs 3.21 crore demand, interest and penalties; company plans appeal. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 2 Apr - Vadodara GST order confirms Rs 3.21 crore demand, interest and penalties; company plans appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af9b063f-2fd1-48b8-b44d-52a75aad2b7e.pdf) |
| 1d - FY26 audited results approved; 125% final dividend and Aashay Alay Shah reappointed Whole Time Director from 1 Nov 2026. | [Board Meeting Outcome for Board Meeting Outcome For Audited Financial Results For The Quarter And Year Ended On 31St March, 2026 1d - FY26 audited results approved; 125% final dividend and Aashay Alay Shah reappointed Whole Time Director from 1 Nov 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3fc703df-3c66-4269-8495-f0b9e9b053dd.pdf) |
| 17h - Transcript of Conference Call held on 05th May, 2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17h - Transcript of Conference Call held on 05th May, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d51e3f4b-f09f-4916-9045-487f66d9afb1.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7044b40c-b662-4c44-885c-ab467fe1c3df.pdf) |
| 2024-10-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acf45cdf-2b36-420f-bbc4-8684b361b542.pdf) |
| 2024-10-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b86eac98-2a8b-4a7a-a318-d59848f56402.pdf) |
| 2024-10-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9725a9c1-31f7-4a18-8ae1-bf5d745cdd84.pdf) |
| 2024-02-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66cc0c3e-5604-49ec-b5d3-c32084fe3927.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f016abc5-db70-481a-9564-c32203179c43.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3b52609-fbcb-47f3-94b7-8f3097ee1578.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d51e3f4b-f09f-4916-9045-487f66d9afb1.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ba68b70-36b8-4dae-814a-22e06fd1237f.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/992bb31d-8c2e-4d5d-af38-2603e333f50e.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d07580aa-6617-4bc8-9acb-a31dda66fc36.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aefe5de5-a105-48b4-a52e-2381f49378ee.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52dee76d-fe96-4fde-b70d-50de21d40b47.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e7e7690-378b-43e0-a544-1892f35801ae.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db78880a-b342-4816-b532-c8fb9c0b9e58.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3afda1c-dd02-45b4-9993-6ad5583864da.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed2d9e87-dab6-46ff-b72a-7e861f930d3c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c56f1a7-38b2-41ea-8765-4495c3087075.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/73603531201.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/68927531201.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/5312010320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/5312010319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/5312010318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531201/5312010317.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 2026-09-13T20:03:10.892Z.