---
title: "Tulip Telecom Ltd (TULIP) — Share Price, Financials & Analysis"
symbol: "TULIP"
company: "Tulip Telecom Ltd"
canonical: "https://tapetide.com/stocks/TULIP"
sector: "Telecommunication"
industry: "Telecom - Services"
generated_at: "2026-10-13T10:58:19.000Z"
---

# Tulip Telecom Ltd (TULIP)

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

## Company

- **Sector:** Telecommunication
- **Industry:** Telecom - Services
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** tulip.net

## About

Tulip Telecom Limited, incorporated in India, Listed on the Bombay Stock  exchange Limited, and National Stock Exchange Limited, the company is engaged in data telecom service and information technology (IT) solutions company.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.94% over past five years.
- Company has high debtors of 347 days.
- Working capital days have increased from 209 days to 304 days

## Growth Rates

| Metric | 3Y | 5Y |
| --- | --- | --- |
| revenue growth | -22% | -5% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 |
| --- | --- | --- |
| Sales | 418 | 254 |
| Expenses | 456 | 253 |
| Operating Profit | -38 | 1 |
| OPM % | -9 | 0.4 |
| Other Income | -493 | 0 |
| Interest | 79 | 68 |
| Depreciation | 68 | 92 |
| Profit before tax | -678 | -158 |
| Tax % | -3 | -1 |
| Net Profit | -657 | -157 |
| EPS in Rs | -45.28 | -10.83 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 18m | Mar 2013 6m |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 508 | 843 | 1219 | 1614 | 1966 | 2351 | 4061 | 946 |
| Expenses | 442 | 711 | 973 | 1339 | 1441 | 1688 | 3036 | 964 |
| Operating Profit | 66 | 132 | 246 | 275 | 525 | 663 | 1024 | -18 |
| OPM % | 13 | 16 | 20 | 17 | 27 | 28 | 25 | -1.9 |
| Other Income | 1 | 2 | 23 | 95 | 3 | 0 | 141 | -492 |
| Interest | 6 | 13 | 26 | 46 | 72 | 85 | 280 | 141 |
| Depreciation | 4 | 16 | 42 | 41 | 135 | 171 | 341 | 137 |
| Profit before tax | 57 | 105 | 201 | 283 | 322 | 406 | 545 | -787 |
| Tax % | 14 | 5 | 7 | 12 | 28 | 25 | 22 | -6 |
| Net Profit | 48 | 100 | 187 | 250 | 232 | 306 | 427 | -742 |
| EPS in Rs | 16.71 | 34.39 | 64.52 | 86.13 | 79.87 | 21.13 | 29.48 | -51.14 |
| Dividend Payout % | 6 | 6 | 3 | 5 | 10 | 8 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
| Reserves | 158 | 251 | 416 | 653 | 899 | 1184 | 1360 | 615 |
| Borrowings | 76 | 142 | 894 | 1122 | 1219 | 1825 | 3032 | 3347 |
| Other Liabilities | 46 | 62 | 74 | 283 | 287 | 254 | 486 | 417 |
| Total Liabilities | 308 | 483 | 1413 | 2087 | 2434 | 3292 | 4908 | 4408 |
| Fixed Assets | 73 | 227 | 380 | 838 | 1209 | 1575 | 2143 | 2944 |
| CWIP | 0 | 23 | 140 | 377 | 121 | 323 | 928 | 218 |
| Investments | 2 | 0 | 0 | 0 | 0 | 155 | 0 | 0 |
| Other Assets | 233 | 234 | 893 | 873 | 1104 | 1239 | 1837 | 1246 |
| Total Assets | 308 | 483 | 1413 | 2087 | 2434 | 3292 | 4908 | 4408 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -41 | 132 | 147 | 288 | 185 | 342 | 429 | 10 |
| Cash from Investing Activity | -96 | -177 | -848 | -268 | -134 | -814 | -1314 | -187 |
| Cash from Financing Activity | 137 | 46 | 705 | 68 | 95 | 445 | 678 | 174 |
| Net Cash Flow | 1 | 2 | 4 | 88 | 146 | -26 | -207 | -3 |
| Free Cash Flow | -98 | -61 | -165 | -448 | -65 | -390 | -1086 | -226 |
| CFO/OP | -61 | 98 | 60 | 105 | 35 | 67 | 42 | -56 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 105 | 61 | 60 | 73 | 99 | 98 | 88 | 347 |
| Inventory Days | 23 | 12 | 28 | 29 | 19 | 24 | 41 | 62 |
| Days Payable | 23 | 16 | 14 | 21 | 23 | 7 | 31 | 51 |
| Cash Conversion Cycle | 105 | 57 | 75 | 81 | 95 | 115 | 98 | 359 |
| Working Capital Days | 101 | 59 | 68 | 55 | 88 | 113 | 114 | 304 |
| ROCE % | — | 35 | 26 | 21 | 20 | 19 | 20 | — |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 5 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 179.82 | Sell |
| EMA (10) | 177.14 | Sell |
| SMA (20) | 178.72 | Sell |
| EMA (20) | 170.69 | Buy |
| SMA (50) | 139.99 | Buy |
| EMA (50) | 155.25 | Buy |
| SMA (100) | 149.52 | Buy |
| EMA (100) | 160.16 | Buy |
| SMA (200) | 204.02 | Sell |
| EMA (200) | 163.14 | Buy |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.47 | Neutral |
| MACD (12,26,9) | 10.78 | Sell |
| Stochastic (14,3,3) | 34.56 | Neutral |
| ADX (14) | 26.41 | Buy |
| Williams %R (14) | -73.52 | Neutral |
| ATR (14) | 12.16 | High Volatility |
| ROC (12) | -16.37 | Sell |
| Stoch RSI (14) | 3.16 | Buy |
| UO (7,14,28) | 44.91 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2016-02-18 | [Winding up - Appointment of Provisional Liquidator](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=128909C8_BCC6_4788_BD05_A9001EB58CE4_130653.pdf) |
| 2016-02-18 | [Winding up - Appointment of Provisional Liquidator](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/2/128909C8_BCC6_4788_BD05_A9001EB58CE4_130653.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/532691/5326910313.pdf) |
| Sep 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532691/5326910912.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_TULIP_2009_2010_02072012110545.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-06-04 | Credit rating update — ICRA |
| 2025-06-09 | Credit rating update — ICRA |
| 2024-06-11 | Credit rating update — ICRA |
| 2023-06-13 | Credit rating update — ICRA |
| 2022-06-15 | Credit rating update — ICRA |
| 2021-06-23 | Credit rating update — ICRA |
| 2020-06-12 | Credit rating update — ICRA |

---

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 2026-10-13T10:58:19.000Z.