---
title: "Vardhman Holdings Ltd (VHL) — Share Price, Financials & Analysis"
symbol: "VHL"
company: "Vardhman Holdings Ltd"
canonical: "https://tapetide.com/stocks/VHL"
isin: "INE701A01023"
nse_symbol: "VHL"
bse_code: "500439"
sector: "Financial Services"
industry: "Finance"
market_cap_cr: 1098
generated_at: "2026-09-13T19:38:15.373Z"
---

# Vardhman Holdings Ltd (VHL)

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

## Company

- **NSE Symbol:** VHL
- **BSE Code:** 500439
- **ISIN:** INE701A01023
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2005-06-30
- **CEO:** Mr. Shri Paul Oswal M.Com.
- **Employees:** 3
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vardhman.in

## About

Incorporated in 1962, Vardhman Holdings Ltd is in the business of lending and investing activities[1]

## Latest Price

- **Price:** ₹3447.9
- **Change:** +4.9 (+0.14%)
- **Open:** ₹3407
- **Day High:** ₹3483.4
- **Day Low:** ₹3407
- **Previous Close:** ₹3443
- **Volume:** 337
- **As Of:** 2026-09-11T10:26:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:31.435284Z.

- **Market Cap:** ₹1098 Cr
- **Classification:** Microcap
- **P/E (reported):** 4.3
- **P/E (TTM):** 4.37
- **EPS (TTM):** ₹788.13
- **Book Value:** ₹11804.65
- **Price to Book:** 0.29
- **Dividend Yield:** 0.15%
- **ROE:** 5.74%
- **ROCE:** 6.08%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹14.1 Cr
- **Net Income:** ₹216 Cr
- **EBITDA:** ₹12.1 Cr
- **52-Week High:** ₹4275
- **52-Week Low:** ₹2870
- **RSI (14):** 43.85

## Tapetide Score

- **Score:** 59 / 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:** 84.7 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.12 | 9% |
| growth | 39.11 | 9% |
| momentum | 69.04 | 12% |
| ownership | 50 | 24% |
| quality | 48.6 | 22% |
| valuation | 78.01 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.29 times its book value
- Company is expected to give good quarter
- Market value of investments Rs.4,859 Cr. is more than the Market Cap Rs.1,100 Cr.

### Weaknesses

- Tax rate seems low
- Company has a low return on equity of 6.42% over last 3 years.
- Earnings include an other income of Rs.249 Cr.
- Dividend payout has been low at 0.74% of profits over last 3 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -4.55% | -98.96% | -15.23% |
| ebitda margin growth | 87.48% | 14.29% | 14.1% | -6.14% |
| net income growth | 83.02% | -16.28% | -2% | 11% |
| revenue growth | 85.85% | -42.68% | 28% | -9% |
| roce | 87.55% | -21.14% | 3.23% | 8.7% |
| roe | 82.92% | -21.26% | 6.21% | -62.85% |

## 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 | 30 | 8 | 0 | 7 | 7 | 7 | 2 | 3 | 3 | 6 | 0 | 11 |
| Expenses | 1 | 0 | 3 | 1 | 3 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Operating Profit | 30 | 7 | -3 | 5 | 5 | 5 | 1 | 3 | 2 | 5 | -1 | 10 |
| OPM % | 98 | 95 | -3786 | 81 | 66 | 79 | 55 | 91 | 87 | 91 | -158 | 93 |
| Other Income | 39 | 47 | 28 | 69 | 57 | 61 | 69 | 60 | 55 | 50 | 54 | 90 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 69 | 54 | 26 | 74 | 62 | 66 | 70 | 63 | 57 | 55 | 53 | 100 |
| Tax % | 10 | 2 | 1 | 2 | 20 | 1 | 1 | 1 | 20 | 2 | 0 | 2 |
| Net Profit | 62 | 54 | 26 | 73 | 49 | 66 | 70 | 63 | 46 | 54 | 54 | 98 |
| EPS in Rs | 194.05 | 167.95 | 80.15 | 229.14 | 154.72 | 206.05 | 218.49 | 196.08 | 144.51 | 168.29 | 168.01 | 307.32 |

### 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 | 28 | 9 | 12 | 20 | 33 | 6 | 15 | 23 | 12 | 20 |
| Expenses | 3 | 3 | 6 | 2 | 3 | 4 | 4 | 6 | 2 | 2 |
| Operating Profit | 25 | 6 | 7 | 18 | 30 | 2 | 11 | 17 | 10 | 17 |
| OPM % | 89 | 68 | 53 | 89 | 91 | 26 | 71 | 73 | 84 | 87 |
| Other Income | 157 | 196 | 155 | 116 | 429 | 223 | 184 | 256 | 219 | 249 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 181 | 202 | 161 | 133 | 459 | 225 | 194 | 273 | 229 | 266 |
| Tax % | 1 | 0 | 1 | 3 | 7 | -2 | 5 | 5 | 6 | — |
| Net Profit | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | 216 | 252 |
| EPS in Rs | 559.83 | 632.4 | 500.42 | 405.8 | 1344.45 | 715.74 | 579.29 | 808.4 | 676.83 | 788.13 |
| Dividend Payout % | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | — |

### 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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 1545 | 1819 | 1994 | 2122 | 2303 | 2774 | 3096 | 3294 | 3537 | 3762 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5 | 3 | 5 | 4 | 2 | 1 | 1 | 1 | 1 | 4 |
| Total Liabilities | 1553 | 1825 | 2003 | 2130 | 2307 | 2778 | 3101 | 3298 | 3541 | 3769 |
| Fixed Assets | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1506 | 1776 | 1952 | 1979 | 2167 | 2738 | 3065 | 3270 | 3528 | 3758 |
| Other Assets | 46 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | 10 | 8 |
| Total Assets | 1553 | 1825 | 2003 | 2130 | 2307 | 2778 | 3101 | 3298 | 3541 | 3769 |

### 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 | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
| Cash from Investing Activity | 36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 | 7 |
| Cash from Financing Activity | -1 | -2 | -2 | -2 | 0 | -2 | -2 | -2 | -2 | -2 |
| Net Cash Flow | 1 | 0 | 1 | 2 | 72 | -75 | 2 | 0 | -2 | 0 |
| Free Cash Flow | -34 | 0 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
| CFO/OP | 7 | 38 | 98 | -1359 | 487 | 56 | 263 | 31 | 9 | 39 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 194 | 41 | 19 | 2908 | 372 | 98 | 569 | 236 | 92 | 179 |
| ROCE % | 22 | 11 | 11 | 8 | 6 | 18 | 8 | 6 | 8 | 6 |

## 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 | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% |
| FIIs | 0% | 0% | 0.03% | 0.06% | 0.06% | 0.07% | 0.07% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% |
| DIIs | 0.96% | 0.96% | 0.56% | 0.53% | 0.13% | 0.06% | 0.06% | 0.06% | 0.06% | 0.07% | 0.07% | 0.07% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.3% | 20.23% | 20.62% | 20.6% | 20.91% | 20.71% | 19.95% | 19.93% | 19.9% | 19.81% | 19.87% | 19.82% |
| Others | 3.84% | 3.91% | 3.89% | 3.92% | 3.99% | 4.26% | 5.03% | 5.04% | 5.09% | 5.16% | 5.1% | 5.16% |
| No. of Shareholders | 9276 | 9097 | 9185 | 9598 | 9833 | 11119 | 11330 | 11239 | 11194 | 10846 | 10688 | 10446 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3551.82 | Sell |
| EMA (10) | 3514.27 | Sell |
| SMA (20) | 3499.81 | Sell |
| EMA (20) | 3510.41 | Sell |
| SMA (50) | 3500.62 | Sell |
| EMA (50) | 3498.3 | Sell |
| SMA (100) | 3498.38 | Sell |
| EMA (100) | 3484.04 | Sell |
| SMA (200) | 3437.81 | Buy |
| EMA (200) | 3497.71 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.34 | Neutral |
| MACD (12,26,9) | 7.65 | Sell |
| Stochastic (14,3,3) | 29.97 | Neutral |
| ADX (14) | 16.26 | Neutral |
| Williams %R (14) | -70.1 | Neutral |
| ATR (14) | 125.7 | High Volatility |
| ROC (12) | 0.55 | Buy |
| Stoch RSI (14) | 5.88 | Buy |
| UO (7,14,28) | 40.19 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Demat Report For The Month Ended 31St August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6362705-242c-469e-8dff-4092f3cd88b2.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89e4a0db-9c31-4ff3-9d9d-765156bc4b3c.pdf) |
| 2026-08-26 | [Dispatch Of Letter To The Members](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5d154b1-0144-41e9-9d9c-2906647974f4.pdf) |
| 2026-08-25 | [Shareholders Meeting- AGM On 17-09-2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b2a411a-6ef7-49f7-a15a-3b59252dc878.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68ac6d9a-c8dc-4ac2-bec8-9325fa9e7f0d.pdf) |
| 2026-08-25 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94f00b23-cae0-4e6f-9cbd-f2ce79fb0d27.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f25ed36-9485-4bf5-97ee-3de9b5956957.pdf) |
| 2026-08-20 | [Corporate Action - Fixes Record Date For Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=719c942e-add2-4c03-82ea-fe1cfdef5770.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e001aa0f-849a-4f31-809e-279c69b283e4.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a4d5788-f250-4b04-81d9-722a51d996d6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Results - Un-Audited Financial Results For The Quarter Ended 30.06.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a26a5bc-febe-44c2-a90d-7cbe6f71616a.pdf) |
| 2026-05-23 | [Results- Financial Results For The Period Ended 31.03.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de12d86a-9ef8-449e-90a5-6a6e7e74a870.pdf) |
| 2026-02-10 | [Results- Financial Results For The Quarter/ Nine Months Ended 31.12.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a40637cd-3c78-45e1-8eab-0899af146454.pdf) |
| 2025-11-10 | [Results- Un-Audited Financial Results For The Quarter/ Half Year Ended 30.09.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=303cc43a-bbcd-4986-b2d7-8ecdc54eec95.pdf) |
| 2025-08-05 | [Results - Un-Audited Financial Results For The Quarter Ended 30.06.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67dede44-f6ff-4a30-9304-e9a3bd762693.pdf) |
| 2025-05-23 | [Results- Financial Results For The Period Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5aac1d56-7cab-4174-863d-a9a04277ebd3.pdf) |
| 2025-01-27 | [Results - Financial Results For The Quarter/ Nine-Months Ended 31.12.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5debbef7-1cb2-4259-973c-bc387accaf37.pdf) |
| 2024-11-13 | [Results- Financial Results For The Quarter/ Half Year Ended 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34447462-e64c-428e-a753-b7a505dd9154.pdf) |
| 2024-08-14 | [Results - Financial Results For The Quarter Ended 30.06.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65cc0add-c6b1-42e2-983e-e7a73ed254a5.pdf) |
| 2024-05-28 | [Results-Financial Results For The Period Ended 31.03.2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=845409dd-b34f-4be4-bf11-126dfb200ec7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - 94 equity shares dematerialized in March 2026 under Regulation 74(5). | [Demat Report For The Month Ended March, 2026. 8 Apr - 94 equity shares dematerialized in March 2026 under Regulation 74(5).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/425a7652-a895-41dd-a884-9933e08a791c.pdf) |
| 7 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) depository certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2915b7c9-112a-4733-8083-6f4b053e9368.pdf) |
| 30 Apr - Newspaper Notice regarding opening of a special window for transfer and dematerialisation of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Newspaper Notice regarding opening of a special window for transfer and dematerialisation of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bfc7544-aae2-4c42-8e7e-9b80613bae29.pdf) |
| 30 Apr - Newspaper Notice regarding opening of a special window for transfer and dematerialisation of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Newspaper Notice regarding opening of a special window for transfer and dematerialisation of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8bfc7544-aae2-4c42-8e7e-9b80613bae29.pdf) |
| 20 Feb - Newspaper notice regarding opening of Special window for transfer and dematerialisation of physical shares. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Feb - Newspaper notice regarding opening of Special window for transfer and dematerialisation of physical shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/de2488b9-a120-431b-b214-739abdf03bf1.pdf) |
| 11 Feb - Newspapers publication of Financial results for the quarter/ nine months ended 31st December, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb - Newspapers publication of Financial results for the quarter/ nine months ended 31st December, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee75dd2f-473c-4544-aee5-9b3c7fd80e8a.pdf) |
| 10 Feb - Unaudited Q3 and nine-month results to Dec 31, 2025: consolidated profit Q3 Rs53.71 crore, nine months Rs162.39 crore. | [Results- Financial Results For The Quarter/ Nine Months Ended 31.12.2025. 10 Feb - Unaudited Q3 and nine-month results to Dec 31, 2025: consolidated profit Q3 Rs53.71 crore, nine months Rs162.39 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a40637cd-3c78-45e1-8eab-0899af146454.pdf) |
| 10 Feb - Appointed Mr. Sandeep as Company Secretary & Compliance Officer effective 10 February 2026. | [Appointment of Company Secretary and Compliance Officer 10 Feb - Appointed Mr. Sandeep as Company Secretary & Compliance Officer effective 10 February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d74a928-e662-45d0-b6cf-78476ff757d3.pdf) |
| — | [Demat Report For The Month Ended 30.04.2026. 4 May](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a1dc412-0f67-4e34-b20a-4c6da89fe0d1.pdf) |
| — | [Demat Report For The Month Ended 30.04.2026. 4 May](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a1dc412-0f67-4e34-b20a-4c6da89fe0d1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1074_VHL_2012_2013_22082013182656.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c86e412f-a523-4f28-9338-11f7e9df6b9b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63e9837d-8ff3-4637-bd43-c9747c316709.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80a16bdd-0e0e-44df-8743-cde113cdb52c.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/77109500439.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/71625500439.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/66383500439.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/5004390319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/5004390318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500439/5004390317.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 2026-09-13T19:38:15.373Z.