---
title: "Swan Defence and Heavy Industries Ltd (SWANDEF) — Share Price, Financials & Analysis"
symbol: "SWANDEF"
company: "Swan Defence and Heavy Industries Ltd"
canonical: "https://tapetide.com/stocks/SWANDEF"
isin: "INE542F01020"
nse_symbol: "SWANDEF"
bse_code: "533107"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 14265.27
generated_at: "2026-09-13T19:57:09.637Z"
---

# Swan Defence and Heavy Industries Ltd (SWANDEF)

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

## Company

- **NSE Symbol:** SWANDEF
- **BSE Code:** 533107
- **ISIN:** INE542F01020
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rnaval.co.in

## About

Incorporated in 1997, Swan Defence and Heavy Industries Ltd is engaged in the construction of vessels, repairs, and refits of ships and rigs and heavy engineering[1]

## Latest Price

- **Price:** ₹2727.9
- **Change:** +65.1 (+2.44%)
- **Open:** ₹2705
- **Day High:** ₹2742
- **Day Low:** ₹2662.8
- **Previous Close:** ₹2662.8
- **Volume:** 20275
- **As Of:** 2026-09-11T10:01:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:36:50.069152Z.

- **Market Cap:** ₹14265.27 Cr
- **Classification:** Microcap
- **P/E (reported):** -59.8
- **EPS (TTM):** ₹-44.96
- **Book Value:** ₹13.22
- **Price to Book:** 203.42
- **Dividend Yield:** 0%
- **ROE:** -326.71%
- **ROCE:** -7.57%
- **Debt to Equity:** 39.83
- **Revenue (yearly):** ₹440 Cr
- **Net Income:** ₹-227.5 Cr
- **EBITDA:** ₹-151.9 Cr
- **52-Week High:** ₹2750
- **52-Week Low:** ₹549.6
- **RSI (14):** 69.03

## Key Insights

### Strengths

- Debtor days have improved from 20.6 to 16.0 days.

### Weaknesses

- Stock is trading at 206 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -48.9% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 289.23% | 359.57% | -90.93% |
| ebitda margin growth | 91.66% | -93.79% | -96.79% | -61.34% |
| net income growth | 70.68% | 25.34% | 23% | 14% |
| revenue growth | -88.66% | — | 347% | 114% |
| roce | -81.66% | 22.49% | 73.62% | 153.05% |
| roe | -70.69% | 432.1% | -137.86% | — |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2020 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2 | 0 | 0 | 0 | 1 | 1 | 5 | 0 | 40 | 6 | 236 | 31 |
| Expenses | 20 | 6 | 12 | 28 | 35 | 38 | 14 | 32 | 47 | 26 | 487 | 52 |
| Operating Profit | -18 | -6 | -12 | -28 | -34 | -37 | -9 | -32 | -8 | -20 | -250 | -21 |
| OPM % | -912 | — | — | — | -3550 | -3159 | -192 | -7529 | -19 | -341 | -106 | -69 |
| Other Income | -161 | 0 | 0 | 2 | 1 | 1 | 5 | 18 | 5 | 5 | 131 | 11 |
| Interest | 389 | 5 | 10 | 10 | 6 | 2 | 2 | 2 | 2 | 3 | 5 | 16 |
| Depreciation | 18 | 17 | 17 | 15 | 15 | 15 | 16 | 15 | 15 | 16 | 18 | 15 |
| Profit before tax | -586 | -27 | -39 | -51 | -53 | -53 | -23 | -31 | -20 | -33 | -142 | -42 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -586 | -27 | -39 | -51 | -53 | -53 | -23 | -31 | -20 | -33 | -142 | -42 |
| EPS in Rs | -7.94 | -5.21 | -7.37 | -9.77 | -10.13 | -10.13 | -4.34 | -5.84 | -3.77 | -6.28 | -27 | -7.91 |

### 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 | 378 | 180 | 75 | 6 | 6 | 3 | 0 | 7 | 282 | 312 |
| Expenses | 557 | 266 | 253 | 30 | 33 | 36 | 29 | 115 | 591 | 611 |
| Operating Profit | -179 | -86 | -178 | -24 | -27 | -33 | -29 | -108 | -309 | -299 |
| OPM % | -47 | -48 | -235 | -376 | -421 | -1039 | — | -1619 | -110 | -96 |
| Other Income | -84 | -9011 | -42 | -1298 | 13 | 19508 | 2 | 8 | 158 | 152 |
| Interest | 754 | 1368 | 1469 | 2032 | 1999 | 1470 | 26 | 21 | 12 | 26 |
| Depreciation | 208 | 70 | 72 | 74 | 74 | 68 | 68 | 61 | 63 | 63 |
| Profit before tax | -1224 | -10536 | -1761 | -3427 | -2086 | 17937 | -121 | -182 | -228 | -237 |
| Tax % | -17 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -1012 | -10927 | -1761 | -3427 | -2086 | 17937 | -121 | -181 | -226 | -237 |
| EPS in Rs | -13.72 | -148.14 | -23.87 | -46.46 | -28.28 | 243.19 | -22.89 | -34.36 | -42.88 | -44.96 |
| 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 | 736 | 738 | 738 | 738 | 738 | 738 | 3 | 3 | 53 | 53 |
| Reserves | 711 | -294 | -11159 | -12915 | -16042 | -18127 | 545 | 474 | 243 | 17 |
| Borrowings | 9456 | 10689 | 11780 | 12918 | 15433 | 15436 | 2148 | 2219 | 2505 | 2788 |
| Other Liabilities | 1519 | 1862 | 2788 | 4007 | 3678 | 5697 | 91 | 48 | 91 | 310 |
| Total Liabilities | 12422 | 12994 | 4146 | 4747 | 3807 | 3743 | 2785 | 2743 | 2892 | 3167 |
| Fixed Assets | 5654 | 5547 | 2022 | 1973 | 1406 | 1332 | 1232 | 1168 | 1180 | 1187 |
| CWIP | 4268 | 4692 | 103 | 37 | 37 | 37 | 37 | 43 | 155 | 166 |
| Investments | 315 | 303 | 303 | 303 | 3 | 4 | 4 | 5 | 5 | 258 |
| Other Assets | 2184 | 2453 | 1718 | 2435 | 2361 | 2370 | 1512 | 1528 | 1551 | 1556 |
| Total Assets | 12422 | 12994 | 4146 | 4747 | 3807 | 3743 | 2785 | 2743 | 2892 | 3167 |

### 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 | -318 | -224 | -113 | -1183 | 710 | 2007 | 1428 | -70 | -96 | 182 |
| Cash from Investing Activity | -122 | -15 | -16 | 49 | -1 | 2 | 12 | -11 | -162 | -440 |
| Cash from Financing Activity | 429 | 280 | 102 | 1099 | -707 | -1999 | -1460 | 91 | 268 | 413 |
| Net Cash Flow | -10 | 41 | -27 | -35 | 1 | 11 | -20 | 10 | 10 | 156 |
| Free Cash Flow | -427 | -243 | -114 | -1162 | 710 | 2007 | 1440 | -80 | -259 | 104 |
| CFO/OP | -966 | 129 | 148 | 667 | -2994 | -7543 | -4343 | 243 | 89 | -59 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2 | 14 | 11 | 14 | 149 | 47 | 0 | — | 25 | 16 |
| Inventory Days | 892 | 657 | 1466 | 7331 | — | 692279 | 1972614 | 1899893 | 165503 | 739 |
| Days Payable | 313 | 274 | 673 | 4512 | — | 112894 | 109865 | 49762 | 6676 | 30 |
| Cash Conversion Cycle | 582 | 396 | 805 | 2833 | 149 | 579431 | 1862749 | — | 158852 | 725 |
| Working Capital Days | -2287 | -9356 | -25570 | -68665 | -969876 | -1083806 | 127588 | — | 63122 | 1099 |
| ROCE % | -1 | -3 | -2 | -22 | -17 | — | -26 | -4 | -6 | -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 | 0% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 94.91% | 89.9% | 89.9% |
| FIIs | 0.48% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.61% | 0.68% |
| DIIs | 7.93% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.38% | 2.06% | 1.93% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 64.48% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.25% | 3.23% | 3.2% | 3.13% | 3.7% | 3.34% |
| Others | 27.11% | 1.38% | 1.38% | 1.38% | 1.38% | 1.37% | 1.41% | 1.43% | 1.46% | 1.56% | 3.74% | 4.15% |
| No. of Shareholders | 191129 | 101237 | 101237 | 101237 | 101237 | 100662 | 99428 | 98302 | 96586 | 93166 | 87561 | 84204 |

## 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 / 3 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2527.19 | Buy |
| EMA (10) | 2554.13 | Buy |
| SMA (20) | 2449.88 | Buy |
| EMA (20) | 2499.28 | Buy |
| SMA (50) | 2415.9 | Buy |
| EMA (50) | 2397.54 | Buy |
| SMA (100) | 2200.69 | Buy |
| EMA (100) | 2202.27 | Buy |
| SMA (200) | 1781.38 | Buy |
| EMA (200) | 1692.51 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 72.34 | Sell |
| MACD (12,26,9) | 59.89 | Buy |
| Stochastic (14,3,3) | 94.41 | Sell |
| ADX (14) | 16.31 | Neutral |
| Williams %R (14) | -3.12 | Sell |
| ATR (14) | 120.02 | High Volatility |
| ROC (12) | 13.29 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 69.62 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Promoter Hazel Infra to sell up to 26,38,747 shares (5.01%) via OFS on 18-19 Mar 2026; floor price ₹1,900. | [Announcement under Regulation 30 (LODR)-Offer for Sale 9h - Promoter Hazel Infra to sell up to 26,38,747 shares (5.01%) via OFS on 18-19 Mar 2026; floor price ₹1,900.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ed09c1fe-a858-48ea-983e-d7da91a606a7.pdf) |
| 9h - Hazel Infra to sell up to 2,638,747 shares (5.01%) of Swan Defence via OFS on 18-19 Mar 2026; floor ₹1,900. | [Notice of Offer for Sale of Shares by Promoter & Floor Price 9h - Hazel Infra to sell up to 2,638,747 shares (5.01%) of Swan Defence via OFS on 18-19 Mar 2026; floor ₹1,900.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7D17CCF6-EA3B-4D3C-A6EA-B756E666C8ED-182405.pdf) |
| 9 Mar - Promoter Hazel Infra evaluating sale of ~5.01% via OFS to meet MPS; proposal under evaluation. | [Announcement Under Regulation 30 (LODR) 9 Mar - Promoter Hazel Infra evaluating sale of ~5.01% via OFS to meet MPS; proposal under evaluation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/037bf3e1-51d2-4b23-aec3-d29f938827c5.pdf) |
| 8h - Shareholder meeting on 25 May 2026 for Triumph Offshore amalgamation scheme; remote e-voting 22-24 May. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 8h - Shareholder meeting on 25 May 2026 for Triumph Offshore amalgamation scheme; remote e-voting 22-24 May.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/40385878-43ea-47f5-8fb8-42f05e1e1e2d.pdf) |
| 8 May - Company clarified it withheld no material information amid significant trading volume increase. | [Clarification On Significant Increase In The Volume 8 May - Company clarified it withheld no material information amid significant trading volume increase.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd3c0893-ec0a-4015-942e-9a2737dc6883.pdf) |
| 8 Apr - Swan Defence and Heavy Industries Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Swan Defence and Heavy Industries Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ff1c229-ccf8-4c0d-af49-dfe3d3abeca5.pdf) |
| 7h - Hazel Infra sold 26,38,747 shares (5.01%) via OFS on 18–19 Mar 2026; promoter remains majority. | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 7h - Hazel Infra sold 26,38,747 shares (5.01%) via OFS on 18–19 Mar 2026; promoter remains majority.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/93180F2D_97AE_4F40_8FA9_A3F65C9A05AA_192608.pdf) |
| 7 Mar - Will take place during the period from Wednesday, 11th March, 2026 to Friday, 20th March, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Mar - Will take place during the period from Wednesday, 11th March, 2026 to Friday, 20th March, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/672d851a-aff8-4ad7-aa40-6ce0dc053fde.pdf) |
| 7 Apr - Won Category 4 order for four 92,500 DWT ammonia dual-fuel bulk carriers; first delivery in October 2029. | [General Business Updates 7 Apr - Won Category 4 order for four 92,500 DWT ammonia dual-fuel bulk carriers; first delivery in October 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0f3fd0d-7fe7-4cc6-b12f-755c9cbb49bb.pdf) |
| 7 Apr - SDHI wins four 92,500 DWT ammonia dual-fuel bulk carriers; first delivery expected October 2029. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Apr - SDHI wins four 92,500 DWT ammonia dual-fuel bulk carriers; first delivery expected October 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc2adaf6-cc6a-46fa-8f8f-fecc37ca620a.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=048075fd-bc51-4a86-9140-680879a61da9.pdf) |
| 2026-09-02 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3547df75-9533-460f-8221-1901b1e8b955.pdf) |
| 2026-09-02 | [Shareholder Meeting - Proceedings Of The AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54c016df-c861-4151-a18a-5effd98920fc.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b6cda8b-c903-4353-9122-bdba6ad36085.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7601fcc-6032-4a88-b601-1f3ab5a1866a.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3264828f-8d72-4d14-8655-9df0b1b73eda.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14596a4b-cda6-4e47-9662-d13fa98e9bc7.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9a667a76-4288-4563-941e-15565cd5e058.pdf) |
| 2026-08-11 | [Board Meeting Outcome for Outcome Of The Board Meeting Dated 11Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe08b3a1-5b0d-4ff2-93cc-a9933e7e2419.pdf) |
| 2026-08-10 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7491dcce-95f1-4b91-a572-abb69cd8de48.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Results - Financial Results For June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd328196-f26b-4150-80ab-2b85a8d97573.pdf) |
| 2026-05-27 | [Results - Financial Results For Mar 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26755306-8394-4ced-90a9-fa36e3fb70f7.pdf) |
| 2026-02-04 | [Results - Financial Results For Dec 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35d78421-6f83-4b96-999f-3d739df10ce7.pdf) |
| 2025-11-12 | [Financial Results For The Quarter And Half Year Ended 30 Sep 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=32251d61-ae9a-4c5e-b0e3-f9c4ab95e114.pdf) |
| 2025-08-01 | [Quarterly Financial Results (Standalone & Consolidated) Along With Limited Review Report For The Quarter Ended 30Th June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fba21067-db04-4cd7-9868-c60299c40332.pdf) |
| 2025-05-23 | [Results For March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3454506-38ec-4810-8edb-87d141667f2d.pdf) |
| 2025-02-07 | [Financial Results For Dec 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c933eb1-33b3-4d45-8b00-b2e9ea895ee1.pdf) |
| 2024-11-11 | [Results For Sep 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=528edc56-09f4-4fad-a411-4e59c869f3ae.pdf) |
| 2024-11-11 | [FINANCIAL RESULTS FROM DEC 2022 - SEPTEMBER - 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b47d441-c0a8-42f8-aba9-a314e63406cf.pdf) |
| 2024-10-10 | [Audited Consolidated Financial Results For The Year Ended 31.03.2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cc4f36b-c385-450b-a876-cc19b766c84c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3030_PIPAVAVDOC_2012_2013_04122013082552.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_PIPAVAVDOC_2011_2012_12102012054040.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7491dcce-95f1-4b91-a572-abb69cd8de48.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93aeb0a6-577e-4666-b3d2-b5ece563d4ab.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ed4c9eb-4743-4b3a-a2e6-642395fe4f79.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1455b75-fdd9-45dc-9d8c-b1cfbf32a1f0.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07607285-643e-4434-8ac9-aa3c095b3e25.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33821515-0057-450e-9aa2-bddf7cde9e0b.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533107/67372533107_21_10_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533107/5331070319.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 2026-09-13T19:57:09.637Z.