---
title: "VST Industries Ltd (VSTIND) — Share Price, Financials & Analysis"
symbol: "VSTIND"
company: "VST Industries Ltd"
canonical: "https://tapetide.com/stocks/VSTIND"
isin: "INE710A01016"
nse_symbol: "VSTIND"
bse_code: "509966"
sector: "Fast Moving Consumer Goods"
industry: "Cigarettes & Tobacco Products"
market_cap_cr: 3487.42
generated_at: "2026-09-13T18:57:17.517Z"
---

# VST Industries Ltd (VSTIND)

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

## Company

- **NSE Symbol:** VSTIND
- **BSE Code:** 509966
- **ISIN:** INE710A01016
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Cigarettes & Tobacco Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2003-09-05
- **CEO:** Mr. Naresh Kumar Sethi
- **Employees:** 696
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vsthyd.com

## About

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)

## Latest Price

- **Price:** ₹203.93
- **Change:** -2.53 (-1.23%)
- **Open:** ₹206
- **Day High:** ₹206.45
- **Day Low:** ₹203
- **Previous Close:** ₹206.46
- **Volume:** 169400
- **As Of:** 2026-09-11T10:29:27+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:59.770381Z.

- **Market Cap:** ₹3487.42 Cr
- **Classification:** Microcap
- **P/E (reported):** 12.6
- **P/E (TTM):** 12.43
- **EPS (TTM):** ₹16.41
- **EPS (reported):** ₹175.81
- **Book Value:** ₹85.65
- **Price to Book:** 2.41
- **Dividend Yield:** 5.81%
- **ROE:** 20.22%
- **ROCE:** 26.52%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹1505.8 Cr
- **Net Income:** ₹292.3 Cr
- **EBITDA:** ₹491.2 Cr
- **52-Week High:** ₹286.78
- **52-Week Low:** ₹200
- **RSI (14):** 28.42

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 72.34 | 9% |
| growth | 38.94 | 9% |
| momentum | 25.63 | 12% |
| ownership | 49.52 | 24% |
| quality | 78 | 22% |
| valuation | 70.16 | 24% |

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

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 68.4%

### Weaknesses

- The company has delivered a poor sales growth of 5.68% over past five years.
- Promoter holding is low: 32.2%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 12.82% | 30.68% | -21.26% |
| ebitda margin growth | -68.15% | 49.02% | 13.07% | -12.83% |
| net income growth | -63.67% | 0.65% | -4% | -1% |
| revenue growth | -40.79% | 5.11% | 4% | 6% |
| roce | — | -3.42% | -14.4% | 31.94% |
| roe | — | -7.88% | 22.08% | -32.17% |

## 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 | 350 | 363 | 375 | 321 | 360 | 367 | 349 | 298 | 336 | 373 | 457 | 256 |
| Expenses | 271 | 290 | 278 | 248 | 292 | 299 | 280 | 221 | 258 | 288 | 249 | 207 |
| Operating Profit | 79 | 72 | 97 | 73 | 68 | 68 | 70 | 77 | 79 | 86 | 208 | 50 |
| OPM % | 23 | 20 | 26 | 23 | 19 | 19 | 20 | 26 | 23 | 23 | 46 | 19 |
| Other Income | 29 | 9 | 30 | 9 | 8 | 108 | 10 | 11 | 12 | 9 | 9 | 20 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 10 | 11 | 10 | 11 | 11 | 12 | 12 | 12 | 14 | 63 | 11 |
| Profit before tax | 99 | 71 | 115 | 72 | 65 | 166 | 67 | 76 | 78 | 81 | 155 | 58 |
| Tax % | 23 | 24 | 23 | 26 | 26 | 18 | 21 | 26 | 24 | 26 | 24 | 27 |
| Net Profit | 76 | 54 | 88 | 54 | 48 | 136 | 53 | 56 | 59 | 60 | 117 | 42 |
| EPS in Rs | 4.47 | 3.16 | 5.19 | 3.15 | 2.8 | 8.02 | 3.12 | 3.3 | 3.49 | 3.55 | 6.87 | 2.5 |

### 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 | 948 | 1099 | 1239 | 1111 | 1178 | 1292 | 1420 | 1398 | 1465 | 1423 |
| Expenses | 654 | 746 | 825 | 700 | 767 | 910 | 1067 | 1119 | 1015 | 1000 |
| Operating Profit | 294 | 353 | 415 | 411 | 412 | 383 | 353 | 279 | 450 | 423 |
| OPM % | 31 | 32 | 33 | 37 | 35 | 30 | 25 | 20 | 31 | 30 |
| Other Income | 25 | 39 | 47 | 42 | 47 | 76 | 80 | 135 | 41 | 50 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 39 | 41 | 42 | 35 | 30 | 30 | 38 | 44 | 101 | 101 |
| Profit before tax | 279 | 351 | 420 | 417 | 428 | 429 | 395 | 370 | 390 | 372 |
| Tax % | 35 | 35 | 28 | 26 | 25 | 24 | 24 | 21 | 25 | — |
| Net Profit | 182 | 227 | 304 | 311 | 320 | 327 | 302 | 290 | 292 | 279 |
| EPS in Rs | 10.71 | 13.35 | 17.9 | 18.29 | 18.85 | 19.25 | 17.75 | 17.1 | 17.21 | 16.41 |
| Dividend Payout % | 66 | 65 | 52 | 57 | 68 | 71 | 77 | 58 | 70 | — |

### 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 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 170 | 170 |
| Reserves | 524 | 567 | 649 | 772 | 925 | 1059 | 1164 | 1237 | 1153 | 1276 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 259 | 482 | 541 | 610 | 545 | 516 | 474 | 468 | 493 | 570 |
| Total Liabilities | 798 | 1064 | 1205 | 1397 | 1486 | 1591 | 1654 | 1720 | 1816 | 2016 |
| Fixed Assets | 220 | 195 | 213 | 187 | 173 | 195 | 590 | 268 | 307 | 244 |
| CWIP | 1 | 34 | 0 | 13 | 33 | 10 | 0 | 47 | 1 | 0 |
| Investments | 174 | 416 | 575 | 753 | 887 | 971 | 577 | 447 | 532 | 559 |
| Other Assets | 403 | 419 | 416 | 444 | 393 | 415 | 486 | 958 | 976 | 1213 |
| Total Assets | 798 | 1064 | 1205 | 1397 | 1486 | 1591 | 1654 | 1720 | 1816 | 2016 |

### 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 | 146 | 420 | 290 | 331 | 286 | 277 | 181 | 167 | 193 | 218 |
| Cash from Investing Activity | -18 | -264 | -148 | -155 | -144 | -96 | 47 | 79 | 10 | -31 |
| Cash from Financing Activity | -130 | -139 | -144 | -177 | -159 | -187 | -224 | -231 | -221 | -170 |
| Net Cash Flow | -2 | 17 | -2 | 0 | -17 | -5 | 5 | 16 | -18 | 17 |
| Free Cash Flow | 101 | 377 | 264 | 310 | 240 | 229 | -222 | 75 | 255 | 176 |
| CFO/OP | 90 | 177 | 119 | 105 | 96 | 93 | 72 | 73 | 101 | 76 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 11 | 5 | 5 | 5 | 10 | 12 | 12 | 17 | 12 |
| Inventory Days | 257 | 196 | 187 | 182 | 226 | 210 | 205 | 220 | 222 | 359 |
| Days Payable | 44 | 45 | 55 | 87 | 84 | 74 | 57 | 57 | 58 | 66 |
| Cash Conversion Cycle | 218 | 162 | 137 | 99 | 148 | 147 | 161 | 175 | 180 | 305 |
| Working Capital Days | 43 | -44 | -58 | -63 | -58 | -42 | -4 | 118 | 122 | 146 |
| ROCE % | 51 | 50 | 56 | 58 | 48 | 42 | 38 | 32 | 21 | 28 |

## 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 | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% |
| FIIs | 1.4% | 1.39% | 1.37% | 1.83% | 1.82% | 1.98% | 1.86% | 1.6% | 1.38% | 1.23% | 1.34% | 1.79% |
| DIIs | 17.54% | 17.51% | 15.69% | 12.64% | 9.07% | 8.96% | 7.22% | 6.24% | 6.24% | 6.31% | 6.63% | 6.03% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 14.3% | 14.31% | 15.93% | 17.66% | 24.7% | 24.79% | 26.48% | 26.29% | 26.78% | 26.76% | 26.23% | 26.77% |
| Others | 34.6% | 34.62% | 34.85% | 35.71% | 32.25% | 32.11% | 32.27% | 33.71% | 33.44% | 33.55% | 33.65% | 33.25% |
| No. of Shareholders | 30431 | 31073 | 32868 | 34355 | 84156 | 122857 | 150548 | 158755 | 154521 | 151077 | 146815 | 148518 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 3 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 207.41 | Sell |
| EMA (10) | 207.53 | Sell |
| SMA (20) | 209.68 | Sell |
| EMA (20) | 210.55 | Sell |
| SMA (50) | 223.2 | Sell |
| EMA (50) | 221.25 | Sell |
| SMA (100) | 240.99 | Sell |
| EMA (100) | 230.94 | Sell |
| SMA (200) | 239.45 | Sell |
| EMA (200) | 241.13 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 24.77 | Buy |
| MACD (12,26,9) | -4.72 | Buy |
| Stochastic (14,3,3) | 20.14 | Neutral |
| ADX (14) | 51.44 | Buy |
| Williams %R (14) | -90.11 | Buy |
| ATR (14) | 3.08 | Neutral |
| ROC (12) | -3.33 | Sell |
| Stoch RSI (14) | 9.8 | Buy |
| UO (7,14,28) | 45.49 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e699b6fe-b4aa-467d-b134-d0aece39072a.pdf) |
| 2026-07-29 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7635f98e-6d69-430d-b6db-44954253666d.pdf) |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63d2aba2-7d10-4184-97d8-2621df6dd2f0.pdf) |
| 2026-07-20 | [Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22f19d43-16d5-422c-bbd7-73c75c4c455c.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=113e6cb7-6369-4518-a126-5e940423b590.pdf) |
| 2026-07-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8cf1e81-ac96-4404-81e7-9de45e18688b.pdf) |
| 2026-07-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9be42532-3b2e-43f0-97e8-385e806bae7d.pdf) |
| 2026-07-06 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb1dbbc8-9368-48a5-b10e-f68dbbce7b96.pdf) |
| 2026-07-06 | [Notice Of 95Th Annual General Meeting Of The Members Of VST Industries Limited To Be Held On 29Th July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8d48a2c-86d3-43b1-8856-9ebb737366ab.pdf) |
| 2026-07-06 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc7f3c7c-4d18-428f-9695-a7055d45b4bb.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-28 | [Unaudited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c95a7084-1e65-423e-a963-721e4bd85fd1.pdf) |
| 2026-04-16 | [Audited Financial Results For The Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65e7c96a-bb05-4a7d-b5ba-7e2454da64aa.pdf) |
| 2026-01-29 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41b8b293-ccc6-4cf2-bbd5-b0b8bea3b02e.pdf) |
| 2025-10-29 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ffb2c88-f45a-4de0-9028-ee523e63f2d2.pdf) |
| 2025-07-22 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56520d2b-db8b-41e8-9cd4-68ddc2ac0b24.pdf) |
| 2025-04-25 | [Audited Financial Results For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80029ebf-727d-4a53-bb39-7294a825a1d4.pdf) |
| 2025-02-07 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=464b883d-e4a3-427e-888a-411adec1749c.pdf) |
| 2024-10-24 | [Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bfc8bee-c26c-483f-812e-2e264269ad16.pdf) |
| 2024-07-25 | [Unaudited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bafb6476-31c4-444a-80f1-65445a584625.pdf) |
| 2024-04-26 | [Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a05c675b-27fd-4159-89aa-d48cf7f9fc40.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - CHRO Amit Arora resigned; last working day is 29 May 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 8h - CHRO Amit Arora resigned; last working day is 29 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f5cca4b-1bc8-4907-bbb5-d4ef0f8c2687.pdf) |
| 8 Apr - Filed Regulation 74(5) compliance certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Filed Regulation 74(5) compliance certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abcbe562-c03f-427e-9e88-e655061f51d0.pdf) |
| 5 Mar - Newspaper publication regarding completion of dispatch of Notice of Postal Ballot and e-voting information. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Mar - Newspaper publication regarding completion of dispatch of Notice of Postal Ballot and e-voting information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db8039d6-7b41-4524-8994-dc6dedc5417b.pdf) |
| 3 Apr - VST Industries confirms it does not qualify as a Large Corporate under SEBI debt rules. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 3 Apr - VST Industries confirms it does not qualify as a Large Corporate under SEBI debt rules.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/37e5954c-dc6d-4882-ae81-9d8f173894e5.pdf) |
| 29 Jan - Q3/9M FY26: Cigarette revenue Rs1,101cr; EBITDA Rs241cr; volume +10.6%. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Jan - Q3/9M FY26: Cigarette revenue Rs1,101cr; EBITDA Rs241cr; volume +10.6%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f5f4c10e-773c-4378-bd0f-35a5bf256a10.pdf) |
| 25 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026. | [Closure of Trading Window 25 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d496a5ab-04b9-4a9b-bd1e-24144af58713.pdf) |
| 23h - Board meets on 16 April 2026 to approve FY26 audited results and consider dividend. | [Board Meeting Intimation for Consideration And Approval Of Audited Financial Results 23h - Board meets on 16 April 2026 to approve FY26 audited results and consider dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ea220c7-0c8d-4d61-9deb-5385a311d5f5.pdf) |
| 23h - Andhra Pradesh GST demand of Rs.73,78,194 including penalty for FY20-24, received April 7, 2026. | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations. 23h - Andhra Pradesh GST demand of Rs.73,78,194 including penalty for FY20-24, received April 7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b060f125-61f2-4bbc-9d95-5b9cf4a23bd5.pdf) |
| 22 Apr - CHRO Amit Arora resigned; last working day is 29 May 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 22 Apr - CHRO Amit Arora resigned; last working day is 29 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f5cca4b-1bc8-4907-bbb5-d4ef0f8c2687.pdf) |
| 2 Mar - Sanjay Wali resigned as Whole-time Director effective 2 March 2026; will be special advisor. | [Announcement under Regulation 30 (LODR)-Resignation of Director 2 Mar - Sanjay Wali resigned as Whole-time Director effective 2 March 2026; will be special advisor.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9cb1f7f4-61dc-4106-90fe-6a7218bccf54.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_VSTIND_2011_2012_26072012150809.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb1dbbc8-9368-48a5-b10e-f68dbbce7b96.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ddbd9923-7eaf-4103-8a64-1dced9faf17a.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/396ca4af-1874-4735-8566-a4f245d61995.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ba46562-f9ea-49e8-aef3-be74646d2885.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/509966/73506509966.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/509966/68797509966.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/509966/5099660320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/509966/5099660319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/509966/5099660318.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 2026-09-13T18:57:17.517Z.