---
title: "Subex Ltd (SUBEXLTD) — Share Price, Financials & Analysis"
symbol: "SUBEXLTD"
company: "Subex Ltd"
canonical: "https://tapetide.com/stocks/SUBEXLTD"
isin: "INE754A01055"
nse_symbol: "SUBEXLTD"
bse_code: "532348"
sector: "Information Technology"
industry: "IT - Software"
market_cap_cr: 1123.44
generated_at: "2026-09-13T20:16:22.487Z"
---

# Subex Ltd (SUBEXLTD)

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

## Company

- **NSE Symbol:** SUBEXLTD
- **BSE Code:** 532348
- **ISIN:** INE754A01055
- **Sector:** Information Technology
- **Industry:** IT - Software
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2020-11-05
- **CEO:** Ms. Nisha Dutt
- **Employees:** 731
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** subex.com

## About

Incorporated in 1992, Subex Ltd is a global provider of Operations and Business Support Systems to communication service providers worldwide, in the Telecom industry[1]

## Latest Price

- **Price:** ₹20.8
- **Change:** +1.04 (+5.26%)
- **Open:** ₹19.91
- **Day High:** ₹21
- **Day Low:** ₹19.2
- **Previous Close:** ₹19.76
- **Volume:** 34488169
- **As Of:** 2026-09-11T10:28:39+00:00

## Key Fundamentals

Observed at 2026-09-11T04:51:29.873986Z.

- **Market Cap:** ₹1123.44 Cr
- **Classification:** Microcap
- **P/E (reported):** 37.3
- **P/E (TTM):** 39.25
- **EPS (TTM):** ₹0.53
- **Book Value:** ₹6.17
- **Price to Book:** 3.2
- **Dividend Yield:** 3.8%
- **ROE:** 8.32%
- **ROCE:** 9.21%
- **Debt to Equity:** 0.08
- **Revenue (yearly):** ₹310.8 Cr
- **Net Income:** ₹28.5 Cr
- **EBITDA:** ₹57.5 Cr
- **52-Week High:** ₹20.28
- **52-Week Low:** ₹6.61
- **RSI (14):** 68.95

## Tapetide Score

- **Score:** 44 / 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: Rising
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.52 | 9% |
| growth | 19.92 | 9% |
| momentum | 98.9 | 12% |
| ownership | 26.76 | 24% |
| quality | 45.68 | 22% |
| valuation | 61.67 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 3.42 times its book value
- The company has delivered a poor sales growth of -5.59% over past five years.
- Company has a low return on equity of -5.29% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 652.74% | 963.65% | 982.84% |
| ebitda margin growth | 19.39% | -803.42% | -756.03% | 39.73% |
| net income growth | 43.43% | -190.76% | 38% | -8% |
| revenue growth | 4.47% | 6.22% | 0% | -6% |
| roce | 25.66% | -304.21% | -122.69% | -7.25% |
| roe | 43.2% | -180.54% | -19.83% | 123.66% |

## 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 | 77 | 82 | 84 | 68 | 74 | 73 | 71 | 66 | 69 | 71 | 73 | 79 |
| Expenses | 81 | 81 | 81 | 74 | 72 | 70 | 84 | 62 | 63 | 62 | 64 | 64 |
| Operating Profit | -5 | 1 | 3 | -6 | 2 | 2 | -13 | 4 | 6 | 9 | 9 | 15 |
| OPM % | -6 | 0.7 | 3.7 | -9 | 2.5 | 3.4 | -18 | 6 | 9 | 13 | 13 | 19 |
| Other Income | 1 | 1 | -145 | 2 | 5 | 1 | 3 | 16 | 2 | 0 | 7 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 3 | 3 |
| Profit before tax | -8 | -2 | -147 | -8 | 3 | 0 | -14 | 15 | 4 | 6 | 13 | 16 |
| Tax % | 36 | 105 | 7 | 34 | 79 | 916 | 25 | 13 | 32 | 49 | 22 | 14 |
| Net Profit | -11 | -5 | -157 | -11 | 1 | -3 | -18 | 13 | 3 | 3 | 10 | 14 |
| EPS in Rs | -0.2 | -0.09 | -2.78 | -0.2 | 0.01 | -0.06 | -0.31 | 0.23 | 0.05 | 0.05 | 0.18 | 0.25 |

### 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 | 324 | 348 | 365 | 372 | 333 | 279 | 310 | 286 | 279 | 292 |
| Expenses | 290 | 297 | 279 | 273 | 298 | 309 | 325 | 300 | 253 | 253 |
| Operating Profit | 34 | 51 | 86 | 99 | 36 | -30 | -16 | -15 | 26 | 39 |
| OPM % | 11 | 15 | 24 | 27 | 11 | -11 | -5 | -5 | 9 | 14 |
| Other Income | 13 | 3 | -303 | 8 | 10 | 8 | -141 | 11 | 27 | 13 |
| Interest | 8 | 2 | 6 | 4 | 3 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 5 | 5 | 15 | 14 | 10 | 14 | 16 | 14 | 12 | 11 |
| Profit before tax | 34 | 47 | -238 | 89 | 34 | -39 | -175 | -20 | 37 | 39 |
| Tax % | 40 | 46 | 13 | 42 | 38 | 31 | 10 | 59 | 24 | — |
| Net Profit | 21 | 25 | -269 | 52 | 21 | -51 | -192 | -31 | 29 | 30 |
| EPS in Rs | 0.37 | 0.45 | -4.79 | 0.92 | 0.37 | -0.91 | -3.4 | -0.56 | 0.51 | 0.53 |
| Dividend Payout % | 0 | 0 | 0 | 82 | 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 | 507 | 562 | 562 | 562 | 281 | 281 | 281 | 281 | 281 | 281 |
| Reserves | 177 | 217 | 232 | -47 | 268 | 283 | 241 | 53 | 23 | 62 |
| Borrowings | 186 | 32 | 0 | 49 | 26 | 15 | 33 | 28 | 19 | 28 |
| Other Liabilities | 86 | 81 | 96 | 114 | 151 | 140 | 140 | 167 | 163 | 181 |
| Total Liabilities | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 552 |
| Fixed Assets | 668 | 666 | 664 | 393 | 375 | 368 | 385 | 228 | 217 | 228 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 12 | 14 | 9 | 22 | 32 |
| Other Assets | 289 | 226 | 226 | 286 | 350 | 339 | 296 | 292 | 248 | 292 |
| Total Assets | 957 | 892 | 890 | 678 | 725 | 719 | 695 | 528 | 487 | 552 |

### 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 | 54 | 54 | 55 | 66 | 91 | -8 | 9 | -8 | 10 | 72 |
| Cash from Investing Activity | -11 | -7 | -11 | -2 | -6 | -34 | -36 | 34 | -16 | -31 |
| Cash from Financing Activity | -55 | -91 | -34 | -13 | -32 | -15 | -7 | -9 | -12 | -9 |
| Net Cash Flow | -12 | -44 | 9 | 51 | 53 | -58 | -33 | 17 | -19 | 32 |
| Free Cash Flow | 48 | 51 | 52 | 63 | 82 | -14 | 4 | -11 | 7 | 68 |
| CFO/OP | 74 | 204 | 127 | 94 | 106 | 41 | -48 | -36 | -124 | 146 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 | 122 |
| Cash Conversion Cycle | 121 | 105 | 90 | 92 | 98 | 106 | 118 | 120 | 99 | 122 |
| Working Capital Days | -96 | 51 | 60 | 62 | 69 | 110 | 71 | 44 | 52 | 70 |
| ROCE % | 10 | 4 | 6 | 13 | 16 | 6 | -6 | -5 | -6 | 13 |

## 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 | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 0.91% | 1.3% | 1.23% | 1.08% | 1.05% | 1.03% | 1.74% | 0.77% | 0.77% | 0.92% | 1.1% | 0.59% |
| DIIs | 0.09% | 0.12% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 76.67% | 77.52% | 83.3% | 84.89% | 85.27% | 85.53% | 85.27% | 86.56% | 86.96% | 87.11% | 87.13% | 87.63% |
| Others | 22.32% | 21.06% | 15.45% | 14.02% | 13.67% | 13.43% | 12.97% | 12.65% | 12.25% | 11.95% | 11.75% | 11.77% |
| No. of Shareholders | 339806 | 336664 | 381330 | 375646 | 369636 | 366336 | 362141 | 359607 | 352541 | 345863 | 338483 | 333893 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 2 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 18.42 | Buy |
| EMA (10) | 18.69 | Buy |
| SMA (20) | 17.81 | Buy |
| EMA (20) | 17.65 | Buy |
| SMA (50) | 14.91 | Buy |
| EMA (50) | 15.5 | Buy |
| SMA (100) | 12.81 | Buy |
| EMA (100) | 13.72 | Buy |
| SMA (200) | 11.42 | Buy |
| EMA (200) | 12.66 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 72.54 | Sell |
| MACD (12,26,9) | 1.35 | Buy |
| Stochastic (14,3,3) | 80.37 | Sell |
| ADX (14) | 45.74 | Buy |
| Williams %R (14) | -4.55 | Sell |
| ATR (14) | 1.26 | High Volatility |
| ROC (12) | 18.05 | Buy |
| Stoch RSI (14) | 93.52 | Sell |
| UO (7,14,28) | 58.97 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/152fa6f1-db92-4050-b1db-d7c3edc6dd3f.pdf) |
| 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a6341a6-01a7-402d-97e9-906a38406be5.pdf) |
| 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 4 May - Subex received Rs. 2.37 crore income tax refund for AY 2008-09 today.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7a6341a6-01a7-402d-97e9-906a38406be5.pdf) |
| 31 Mar - NRC approved grant of 3,200,000 ESOPs at Rs.7 each on March 31, 2026. | [Grant Of Options Under ESOP 2025. 31 Mar - NRC approved grant of 3,200,000 ESOPs at Rs.7 each on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a12ee35-bffb-4b00-97c0-3892d2361922.pdf) |
| 28 Feb - NSE and BSE each fined Subex Rs.1,82,000 on 27 February 2026 for board/NRC non-compliance. | [Disclosure Under Reg. 30 Of SEBI (LODR) Regulations, 2015 - Imposition Of Fine By Stock Exchanges 28 Feb - NSE and BSE each fined Subex Rs.1,82,000 on 27 February 2026 for board/NRC non-compliance.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/739ae4da-1ea0-407e-b02e-25309f51e1ac.pdf) |
| 25 Mar - Appointed Stephane Le Letty as Additional Non-Executive, Non-Independent Director effective March 25, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 25 Mar - Appointed Stephane Le Letty as Additional Non-Executive, Non-Independent Director effective March 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/260c55c6-4ec4-4a35-b232-1bb95878b049.pdf) |
| 23 Feb - Virtual investor meeting (Arihant Capital Markets Summit) on March 11, 2026, 12:00–13:00; no UPSI. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Feb - Virtual investor meeting (Arihant Capital Markets Summit) on March 11, 2026, 12:00–13:00; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1312622e-6265-4d8c-9f82-2edcb35a500f.pdf) |
| 20 Apr - Subex board meets May 12, 2026 to approve FY26 audited results; earnings call on May 13. | [Board Meeting Intimation for The Board Meeting Scheduled To Be Held On May 12, 2026 20 Apr - Subex board meets May 12, 2026 to approve FY26 audited results; earnings call on May 13.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dc43954-886d-4998-9b8f-d5a91784d7e8.pdf) |
| 20 Apr - Board to meet May 12, 2026 for Q4 FY26 audited results; earnings call May 13, 2026. | [Update on board meeting 20 Apr - Board to meet May 12, 2026 for Q4 FY26 audited results; earnings call May 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8982c72b-67f5-4066-bb63-a61e2c501fe1.pdf) |
| 17 Mar - March 17, 2026: Subex won nine-year EAM contract with leading North African telecom, value around EUR 2.7 million. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 17 Mar - March 17, 2026: Subex won nine-year EAM contract with leading North African telecom, value around EUR 2.7 million.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43b19b5c-d337-4fd4-a272-53a64d0454ff.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6dca527-a9b5-4239-8c52-47d9ce49f55b.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1682dff-9d6b-4397-822d-c7690563d2b0.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f12ad16-0d25-49e9-b085-3d72e58c2709.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac4cd269-a0c2-4d78-9385-bb8ba44fe67b.pdf) |
| 2026-08-13 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fccfd41f-7b27-4125-8b24-36a9c10be4f8.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11405fc8-238e-4b35-8fe7-9e11168a6d09.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08e5f507-4eed-48dc-b7ef-ff412c17e0eb.pdf) |
| 2026-08-05 | [Implementation Of New ESOP Scheme And Secondary Acquisition By The Trust](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5ce9459-b590-4435-9364-46f2347556c2.pdf) |
| 2026-08-04 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8eb7d333-86e0-4a19-ab9c-313aee876062.pdf) |
| 2026-08-04 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15e1e9a7-e070-4eb6-829b-bcf157ed3ada.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ba71682-c582-4530-b7fc-afb4b3afba2f.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79308b98-a6c7-4c97-a1c2-57af44ee3fe7.pdf) |
| 2026-05-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2d4b94d-a0d5-4747-af3b-53433c786c0e.pdf) |
| 2026-03-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2b076c8-6d5d-48ca-9038-cd8b20067db1.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6a9cff9-0c45-4abd-8275-69a682f5c609.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c577f04c-3480-48d9-a109-d8a60d793746.pdf) |
| 2025-08-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b1cdf44-0cd4-4c7f-870b-85a94bfe772c.pdf) |
| 2025-08-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21b484d4-76bf-45a5-8e3d-2d7e4b044933.pdf) |
| 2025-05-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=390ee2a1-8b93-49ad-b3fb-0ea99b48fefd.pdf) |
| 2025-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acbbf258-adcf-453c-9e7d-39fc48e9b1b7.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1331315a-c9a2-49de-a72c-e49067fafc01.pdf) |
| 2026-05-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbe51862-145e-44fd-9a2d-3aa47a7035af.pdf) |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c181a37-0912-4a0a-8fbc-1acf96607750.pdf) |
| 2025-11-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a810d78f-12ae-4267-96ce-d4e7bca8e18a.pdf) |
| 2025-08-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29bf4257-e697-426f-aadf-234e54603f40.pdf) |
| 2025-05-08 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c19498d-e760-4ff4-b381-87d0467314a7.pdf) |
| 2025-02-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22dd25d0-65f5-441e-ade3-39a43c3a9181.pdf) |
| 2024-11-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05adfce0-37fa-46af-adba-142bde365532.pdf) |
| 2024-08-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15349f3b-a6be-489a-93bf-5aace12e7efc.pdf) |
| 2024-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a2593eb-5958-4e7c-a1b8-198079931814.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c78b3a0f-9c7b-47e8-8f79-96e933817eb5.pdf) |
| 2026-05-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2467e958-d593-47c8-8217-8d95838ef5f6.pdf) |
| 2026-02-11 | [Audio Recording Of The Earnings Call For The Quarter And Nine Months Period Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6df10c68-6d2b-4426-8808-55e0f7d7ded0.pdf) |
| 2025-11-12 | [Audio Recording Of The Earnings Call For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3112391a-0276-46f7-8d9d-48201627ccac.pdf) |
| 2025-08-12 | [Audio Recording Of The Earnings Call For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb61a294-59f8-4466-9c85-bafa05d0e2aa.pdf) |
| 2025-05-03 | [Audio Recording Of The Earnings Call For The Quarter Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f35af75-2c68-44d6-9788-c23d03b32dbb.pdf) |
| 2024-11-13 | [Audio Recording Of The Earnings Call For The Quarter Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d5be356-fc2e-4ff6-8492-d7c4d9a89f9f.pdf) |
| 2024-05-13 | [Audio Recording For The Earnings Call For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c50edc30-d5a2-4ee5-b906-4d0688250ea4.pdf) |
| 2024-02-08 | [Audio Recording Of The Earnings Call For The Quarter Ended December 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e4f12e8-1d9c-4f21-bce5-7dbbcdf1d05f.pdf) |
| 2023-11-09 | [Audio Recording Of The Earnings Call For The Quarter Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b684096a-1cab-4b84-9443-1440edd077f2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-05 | [Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c007209-cd72-4b89-8b68-e4c50d47e706.pdf) |
| 2026-05-12 | [Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21834648-f252-4056-9ba4-cd83bad7fe4d.pdf) |
| 2026-02-10 | [Outcome Of The Board Meeting Held On February 10 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=640a3d6e-5808-4e0d-8048-7182abd19069.pdf) |
| 2025-11-11 | [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=27c02bc9-f317-49dc-907d-b93bf02fa4a0.pdf) |
| 2025-08-11 | [Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a123dcb-81ac-4e86-aeac-32420eaeaf10.pdf) |
| 2025-05-02 | [Audited Financial Results For The Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3b59d02-cb04-458a-8c29-ecc0e5118831.pdf) |
| 2025-02-12 | [Outcome Of Board Meeting Held On February 12 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f308e10f-8b7c-4106-9084-6697d679da5d.pdf) |
| 2024-11-08 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=989ea5c9-9e03-4b9d-958d-4e7df0ad6c57.pdf) |
| 2024-08-05 | [Board Meeting Outcome for Please Find Attached The Outcome Of Board Meeting Held On 5 August 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0284d679-731c-4fba-8345-dd3949f9d80c.pdf) |
| 2024-08-05 | [Please Find Attached The Outcome Of Board Meeting Along With The Unaudited Standalone And Consolidated Financials For The Quarter Ended June 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b35acda-b11d-49c0-b694-31d6f0f035e1.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74a7e980-2557-4fce-abf5-1a08a7524865.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a810d78f-12ae-4267-96ce-d4e7bca8e18a.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05adfce0-37fa-46af-adba-142bde365532.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78714d87-2de4-499e-a86d-4d38e86d23c1.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a7fc838-d56f-48e1-8845-6f4ce4fd8991.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbe51862-145e-44fd-9a2d-3aa47a7035af.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cbe51862-145e-44fd-9a2d-3aa47a7035af.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2d4b94d-a0d5-4747-af3b-53433c786c0e.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d2d4b94d-a0d5-4747-af3b-53433c786c0e.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c19498d-e760-4ff4-b381-87d0467314a7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fd45007-29ea-4818-a5b9-5ad2d5824d66.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8881341-3e4e-479c-a000-326d57e4a578.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fa26f1d-6d79-48ad-bcce-6a0c919e2627.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/09ac2af5-f95a-44be-8d87-144b33af048c.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532348/74745532348.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 2026-09-13T20:16:22.487Z.