---
title: "Vikas Ecotech Ltd (VIKASECO) — Share Price, Financials & Analysis"
symbol: "VIKASECO"
company: "Vikas Ecotech Ltd"
canonical: "https://tapetide.com/stocks/VIKASECO"
isin: "INE806A01020"
nse_symbol: "VIKASECO"
bse_code: "530961"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
market_cap_cr: 187.48
generated_at: "2026-09-13T19:03:40.287Z"
---

# Vikas Ecotech Ltd (VIKASECO)

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

## Company

- **NSE Symbol:** VIKASECO
- **BSE Code:** 530961
- **ISIN:** INE806A01020
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2011-12-12
- **CEO:** Mr. Balwant Kumar Bhushan
- **Employees:** 131
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** vikasecotech.com

## About

Incorporated in 1984, Vikas Ecotech Ltd
 is in the business of high-end specialty chemicals[1]

## Latest Price

- **Price:** ₹1.05
- **Change:** 0 (0%)
- **Open:** ₹1.06
- **Day High:** ₹1.06
- **Day Low:** ₹1.04
- **Previous Close:** ₹1.05
- **Volume:** 1426919
- **As Of:** 2026-09-11T10:21:04+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:07.096602Z.

- **Market Cap:** ₹187.48 Cr
- **Classification:** Microcap
- **P/E (reported):** 53
- **P/E (TTM):** 105
- **EPS (TTM):** ₹0.01
- **Book Value:** ₹2.45
- **Price to Book:** 0.43
- **Dividend Yield:** 0%
- **ROE:** 4.32%
- **ROCE:** 6.51%
- **Debt to Equity:** 0.08
- **Revenue (yearly):** ₹353.18 Cr
- **Net Income:** ₹2.82 Cr
- **EBITDA:** ₹8.35 Cr
- **52-Week High:** ₹2.11
- **52-Week Low:** ₹0.99
- **RSI (14):** 35.9

## Tapetide Score

- **Score:** 34 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 4.9 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 54.32 | 9% |
| growth | 31.74 | 9% |
| momentum | 25.5 | 12% |
| ownership | 50 | 24% |
| quality | 26.31 | 22% |
| valuation | 27.78 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.47 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 10.6%
- Company has a low return on equity of 1.64% over last 3 years.
- Earnings include an other income of Rs.9.15 Cr.
- Working capital days have increased from 165 days to 266 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | -150.26% | -165.91% |
| ebitda margin growth | 1000% | -50.85% | -69.23% |
| net income growth | 600% | -83.41% | -31% |
| revenue growth | 3.74% | -7.98% | -4% |
| roce | -466.95% | 54.27% | -25.68% |
| roe | -554.55% | 137.36% | 3.38% |

## 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 | 60.74 | 68.46 | 71.73 | 101.06 | 89.23 | 84.76 | 102.61 | 103.56 | 64.72 | 68.72 | 116.19 | 119.15 |
| Expenses | 55.25 | 64.73 | 69.08 | 98.94 | 84.43 | 83.38 | 98.97 | 98.88 | 62.04 | 66.67 | 117.24 | 116.74 |
| Operating Profit | 5.49 | 3.73 | 2.65 | 2.12 | 4.8 | 1.38 | 3.64 | 4.68 | 2.68 | 2.05 | -1.05 | 2.41 |
| OPM % | 9.04 | 5.45 | 3.69 | 2.1 | 5.38 | 1.63 | 3.55 | 4.52 | 4.14 | 2.98 | -0.9 | 2.02 |
| Other Income | -0.25 | 0.3 | 2.59 | 13.78 | 1 | 1.49 | 2.78 | 1.04 | 2.1 | 2.43 | 1.57 | 3.05 |
| Interest | 1.99 | 1.45 | 0.82 | 0.9 | 0.88 | 1.09 | 1.28 | 1.18 | 1.14 | 1.55 | 0.72 | 1.07 |
| Depreciation | 0.9 | 0.93 | 1.08 | 1.06 | 0.98 | 1.39 | 1.89 | 1.23 | 1.36 | 1.04 | 1.7 | 1.12 |
| Profit before tax | 2.35 | 1.65 | 3.34 | 13.94 | 3.94 | 0.39 | 3.25 | 3.31 | 2.28 | 1.89 | -1.9 | 3.27 |
| Tax % | 25.11 | 24.85 | 31.44 | 25.54 | 27.66 | 241.03 | -32.31 | 28.7 | 22.81 | 129.1 | -76.32 | 38.84 |
| Net Profit | 1.77 | 1.23 | 2.3 | 10.38 | 2.85 | -0.55 | 4.3 | 2.37 | 1.75 | -0.55 | -0.44 | 2 |
| EPS in Rs | 0.01 | 0.01 | 0.02 | 0.06 | 0.02 | 0 | 0.02 | 0.01 | 0.01 | -0.01 | 0 | 0.01 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 62 | 115 | 165 | 252 | 250 | 397 | 259 | 376 | 353 | 369 |
| Expenses | 58 | 106 | 153 | 241 | 237 | 375 | 242 | 364 | 345 | 363 |
| Operating Profit | 4 | 9 | 12 | 11 | 13 | 22 | 16 | 12 | 8 | 6 |
| OPM % | 7 | 8 | 7 | 4.2 | 5 | 6 | 6 | 3.3 | 2.4 | 1.6 |
| Other Income | 1 | 2 | 6 | 2 | 3 | 3 | 4 | 19 | 7 | 9 |
| Interest | 2 | 4 | 5 | 6 | 9 | 11 | 7 | 4 | 5 | 4 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 3 | 7 | 10 | 4 | 5 | 10 | 9 | 22 | 6 | 6 |
| Tax % | 10 | 3 | 1 | 6 | 22 | 9 | 27 | 21 | 44 | — |
| Net Profit | 3 | 6 | 10 | 4 | 4 | 10 | 7 | 17 | 3 | 3 |
| EPS in Rs | 0.05 | 0.07 | 0.1 | 0.04 | 0.04 | 0.1 | 0.05 | 0.1 | 0.02 | 0.01 |
| Dividend Payout % | 13 | 16 | 6 | 14 | 14 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 10 | 10 | 10 | 10 | 95 | 139 | 139 | 139 |
| Reserves | 6 | 16 | 24 | 28 | 32 | 143 | 238 | 254 | 256 |
| Borrowings | 19 | 34 | 38 | 54 | 67 | 62 | 19 | 28 | 30 |
| Other Liabilities | 11 | 25 | 26 | 43 | 45 | 43 | 48 | 90 | 88 |
| Total Liabilities | 44 | 85 | 98 | 135 | 154 | 343 | 444 | 512 | 513 |
| Fixed Assets | 9 | 14 | 20 | 20 | 23 | 29 | 54 | 55 | 49 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 55 | 228 | 140 | 64 |
| Other Assets | 35 | 71 | 78 | 115 | 131 | 259 | 161 | 316 | 400 |
| Total Assets | 44 | 85 | 98 | 135 | 154 | 343 | 444 | 512 | 513 |

### Cash Flow

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | -6 | 12 | -8 | — | 92 | 120 | -60 | -113 |
| Cash from Investing Activity | -5 | -9 | -9 | -1 | — | -58 | -202 | 46 | 96 |
| Cash from Financing Activity | 10 | 15 | -3 | 9 | — | -41 | 83 | 15 | 17 |
| Net Cash Flow | 0 | -1 | 1 | 0 | — | -7 | 0 | 1 | 0 |
| Free Cash Flow | -11 | -12 | 4 | -10 | — | 87 | 115 | -65 | -112 |
| CFO/OP | -108 | -66 | 100 | -74 | — | 421 | 736 | -480 | -1335 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 109 | 98 | 89 | 100 | 116 | 130 | 108 | 108 | 131 |
| Inventory Days | 71 | 79 | 58 | 48 | 44 | 35 | 71 | 42 | 47 |
| Days Payable | 57 | 80 | 42 | 54 | 58 | 27 | 59 | 66 | 59 |
| Cash Conversion Cycle | 123 | 97 | 105 | 94 | 102 | 138 | 121 | 84 | 118 |
| Working Capital Days | 139 | 52 | 40 | 33 | 38 | 111 | 93 | 136 | 266 |
| ROCE % | — | 22 | 19 | 13 | 14 | — | 5 | 3 | 2 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 7.85% | 6.87% | 6.87% | 13.58% | 10.66% | 10.66% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% |
| FIIs | 15.18% | 9.42% | 0% | 0.01% | 0% | 0% | 0.02% | 0.02% | 0.05% | 0.05% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 71.57% | 74.05% | 86.28% | 80.27% | 73.73% | 73.75% | 73.91% | 74.14% | 74.59% | 74.59% | 75.14% | 75.45% |
| Others | 5.4% | 9.66% | 6.85% | 6.15% | 15.61% | 15.6% | 15.42% | 15.19% | 14.71% | 14.71% | 14.21% | 13.9% |
| No. of Shareholders | 275769 | 344479 | 383102 | 501025 | 535602 | 554511 | 579874 | 596124 | 592947 | 592947 | 575495 | 567693 |

## 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 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.07 | Sell |
| EMA (10) | 1.07 | Sell |
| SMA (20) | 1.08 | Sell |
| EMA (20) | 1.08 | Sell |
| SMA (50) | 1.11 | Sell |
| EMA (50) | 1.12 | Sell |
| SMA (100) | 1.21 | Sell |
| EMA (100) | 1.2 | Sell |
| SMA (200) | 1.35 | Sell |
| EMA (200) | 1.39 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.9 | Neutral |
| MACD (12,26,9) | -0.02 | Sell |
| Stochastic (14,3,3) | 11.11 | Buy |
| ADX (14) | 15.47 | Neutral |
| Williams %R (14) | -91.67 | Buy |
| ATR (14) | 0.03 | Neutral |
| ROC (12) | -2.78 | Sell |
| Stoch RSI (14) | 30.37 | Neutral |
| UO (7,14,28) | 26.52 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015 Ref: Intimation Regarding Application For Extension Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c6a5d74-3f2b-492e-bc26-e5c2a2124c42.pdf) |
| 2026-08-26 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9232f3aa-98a4-4356-910d-cd67c329e3b9.pdf) |
| 2026-08-21 | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50a13b1c-2c08-421b-9f99-5ed9a93da193.pdf) |
| 2026-08-19 | [Appointment Of Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd15958f-f2aa-4502-b83f-21f09e2ca1a2.pdf) |
| 2026-08-17 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday August 17 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1eeea7fb-b9e1-4050-8aa1-80d26b227eb0.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=038bebc4-a938-4d17-85ca-b7aa1a78cc2f.pdf) |
| 2026-07-15 | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6e26835-5c67-44a2-8d6d-9a491522f9f1.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71c49d09-320d-4bdd-a5ca-b4079bf85939.pdf) |
| 2026-07-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d916b5e-9570-4c94-85ce-ee546dc77e85.pdf) |
| 2026-07-01 | [Board Meeting Outcome for Outcome Of Board Meeting Held On July 1 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d904e716-486a-421b-8814-d4421f85c4a7.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Result Of Board Meeting Held On August 26 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d5fa442-6a92-422d-a887-91a0cb8eb015.pdf) |
| 2026-07-11 | [Outcome Of Board Meeting Held On July 1 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f057712-d1ac-49b8-97d8-b737ffa264f2.pdf) |
| 2026-07-01 | [Outcome Of Board Meeting Held On July 1 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c5571c1-08d5-46b6-be18-38abe745c300.pdf) |
| 2026-02-05 | [Sub: Outcome Of Board Meeting Held On Thursday February 05 2026 Ref: Unaudited Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ddcd251-27c2-42cd-96c5-7cf89dd3821f.pdf) |
| 2025-11-14 | [Result Outcome Of Board Meeting Held On Friday November 14 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a2000fd-d0d3-47d8-ac89-0f7920d45e83.pdf) |
| 2025-08-13 | [Result Outcome Of Board Meeting Held On August 13 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=209e6fa7-02f3-449f-abba-a17362389f9a.pdf) |
| 2025-05-29 | [RESULTS Outcome Of Board Meeting Held On Thursday May 29 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d94edbf6-a452-4ec5-a827-2abc0385dfc3.pdf) |
| 2025-02-14 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On December 31 2024 As Per Regulation 33 Of SEBI (Listing Obligations & Disclosure Requirements) Regulatio](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=038bc112-e93b-4fb5-aac0-ec6b31f67c90.pdf) |
| 2024-11-14 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On September 30, 2024 As Per Regulation 33 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22b947ae-998f-43ee-969b-d3baf85194b8.pdf) |
| 2024-07-31 | [Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On June 30, 2024 As Per Regulation 33 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=871fe1a2-ddd4-4525-a26a-6ca1d7ae208e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Website taken offline after cyber-attack; company conducting security review and remediation, updates to follow. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Feb - Website taken offline after cyber-attack; company conducting security review and remediation, updates to follow.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c002a5a-92b4-4182-82e0-0dc823cf0bac.pdf) |
| 7 Feb - Newspaper Advertisement of Un-Audited Financial Results of the Company for the Quarter ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Feb - Newspaper Advertisement of Un-Audited Financial Results of the Company for the Quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5959bc6f-76f5-486d-a784-fc51bd9b3d21.pdf) |
| 5 Feb - Board approved Q3 results; standalone loss ₹124.04L; extinguished 38,03,50,000 shares pending regulatory approvals. | [Outcome Of Board Meeting Held On Thursday, February 05, 2026 Ref: Unaudited Financial Results For The Quarter Ended December 31, 2025 5 Feb - Board approved Q3 results; standalone loss ₹124.04L; extinguished 38,03,50,000 shares pending regulatory approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ddcd251-27c2-42cd-96c5-7cf89dd3821f.pdf) |
| 5 Feb - Approved unaudited Q3 results; extinguished 38,03,50,000 shares; Vikas Organics diluted to 53.19%. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday, February 05, 2026 Ref: Unaudited Financial Results For The Quarter Ended December 31, 2025 5 Feb - Approved unaudited Q3 results; extinguished 38,03,50,000 shares; Vikas Organics diluted to 53.19%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39d1df6c-c66e-47ff-97c0-d35b11962b70.pdf) |
| 4 Apr - Vikas Ecotech confirms it is not a Large Corporate under SEBI debt circular. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 4 Apr - Vikas Ecotech confirms it is not a Large Corporate under SEBI debt circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e4772957-fa6a-4959-82df-5c8f9b7fc623.pdf) |
| 4 Apr - Regulation 74(5) certificate filed for quarter and year ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Regulation 74(5) certificate filed for quarter and year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5007c8a4-2d85-48be-957d-2921c3733053.pdf) |
| 30 Jan - Board meeting Feb 5, 2026 to approve unaudited Q3 (Dec 31, 2025) results; trading window closure. | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Thursday, February 05, 2026 30 Jan - Board meeting Feb 5, 2026 to approve unaudited Q3 (Dec 31, 2025) results; trading window closure.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc1855e5-2304-463e-b7c8-a872eb2f4f2b.pdf) |
| 27 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/year ended March 31, 2026. | [Closure of Trading Window 27 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c67382f8-d736-427a-9471-f2ebf7fc644e.pdf) |
| 14 Apr - Income Tax Department raised ₹9.11 crore demand orders on March 27, 2026 for various assessment years. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Receipt Of Income Tax Demand Order(S) 14 Apr - Income Tax Department raised ₹9.11 crore demand orders on March 27, 2026 for various assessment years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50cc4c4d-8045-4607-b608-f0874f6f7a00.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e4f8764-3143-4d30-a9f8-f9c91e55d27b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8aac9fc-42db-49ea-aedd-4654c88bc16b.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e92f25f9-6f03-43ae-9c7f-47c6faed1c57.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/77348530961.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/71246530961.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/67010530961.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/5309610319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/5309610318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/5309610317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/530961/5309610316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=397ed405-e9ef-4e88-9f1d-8b48fef58dc2.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/397ed405-e9ef-4e88-9f1d-8b48fef58dc2.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F684B44F_3BB6_4683_971A_F86B323D1292_195707.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1fd5be7-c365-40d0-846e-98268d0e68e9.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/a1fd5be7-c365-40d0-846e-98268d0e68e9.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9C65C39B_A3B2_4F0F_8738_E23BC5183559_171633.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6b477e8-2290-4650-b87f-e47b684d5745.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/d6b477e8-2290-4650-b87f-e47b684d5745.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 2026-09-13T19:03:40.287Z.