MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- Company Info
- Quarterly Company Results - September 2020
"Steel" Company Results for September 2020 Quarter 
Here are the latest quarterly results of India's top steel companies. For more detailed updates, read our steel sector report and check the latest steel sector stock quotes.
| Click on title to sort | Sep 2019 | Sep 2020 | YoY %-Change | Get More Info | ||||
|---|---|---|---|---|---|---|---|---|
Name |
Net Sales (Rs m) |
PAT (Rs m) |
Net Sales (Rs m) |
PAT (Rs m) |
Net Sales (%) |
PAT (%) |
P/E* (x) |
|
| ABC GAS | 6 | -0 | 0 | -0 | -99.3% | N.A. | 2.3 | More Info
|
| ADHUNIK INDUSTRIES | 1,146 | 1 | 1,018 | 16 | -11.2% | 999.3% | 14.8 | More Info
|
| ADITYA ISPAT | 58 | 0 | 121 | 0 | 109.7% | 81.3% | N.A. | More Info
|
| AERPACE INDUSTRIES | 24 | 0 | 11 | 1 | -53.3% | 184.4% | N.A. | More Info
|
| AHMED.STEEL | 16 | -5 | -4 | -1 | -127.0% | N.A. | 40.8 | More Info
|
| ANKIT METAL | 1,387 | -131 | 711 | -210 | -48.7% | N.A. | N.A. | More Info
|
| APL APOLLO TUBES | 16,473 | 598 | 22,021 | 1,026 | 33.7% | 71.5% | 45.4 | More Info
|
| APOLLO TRICOAT TUBES | 1,537 | 94 | 3,305 | 238 | 115.1% | 152.6% | 46.6 | More Info
|
| ASHIANA ISP. | 863 | 6 | 629 | 1 | -27.1% | -74.5% | 1.8 | More Info
|
| ASHIRWAD STL | 3 | 4 | 3 | 6 | -4.5% | 64.1% | 7.0 | More Info
|
| BALASORE ALLOYS | 1,972 | -276 | 208 | 374 | -89.5% | N.A. | N.A. | More Info
|
| BEEKAY STEEL IND. | 1,850 | 221 | 1,892 | 167 | 2.3% | -24.6% | 4.7 | More Info
|
| BHAGWATI AUT | 298 | 12 | 275 | 5 | -7.8% | -57.1% | 5.8 | More Info
|
| BHARAT WIRE ROPES | 661 | -168 | 699 | -141 | 5.8% | N.A. | 2.9 | More Info
|
| BIHAR SPONGE | 0 | -0 | 42 | 5 | N.A. | N.A. | 1.4 | More Info
|
| BIL ENERGY SYSTEMS | 53 | -10 | 0 | -11 | -100.0% | N.A. | N.A. | More Info
|
| BLOOM INDUS. | 23 | -0 | 33 | -1 | 44.4% | N.A. | 9.7 | More Info
|
| BMW INDUSTRIES | 1,516 | 39 | 966 | 25 | -36.3% | -35.6% | 9.6 | More Info
|
| BOMBAY WIRE ROPES | 0 | 0 | 0 | 1 | N.A. | N.A. | N.A. | More Info
|
| CARNATION IN | 33 | -123 | 0 | -5 | -100.0% | N.A. | N.A. | More Info
|
| CHENNAI FERROUS IND. | 1 | -11 | 0 | -4 | -100.0% | N.A. | 0.5 | More Info
|
| CREATIVE CASTINGS | 86 | 8 | 75 | 10 | -12.7% | 23.2% | 8.8 | More Info
|
| CRIMSON METAL | 20 | 0 | 24 | 1 | 20.7% | 79.4% | N.A. | More Info
|
| CUBEX TUBING | 145 | -0 | 215 | 2 | 48.1% | N.A. | 5.8 | More Info
|
| DEEPTI ALLOY STEEL | 1 | 0 | 0 | -0 | -100.0% | -114.3% | 5.4 | More Info
|
| EAST COAST STEEL | 0 | -6 | 0 | -5 | N.A. | N.A. | N.A. | More Info
|
| ELANGO INDUS | 0 | -0 | 0 | -0 | N.A. | N.A. | N.A. | More Info
|
| FACOR ALLOYS | 835 | 131 | 265 | 8 | -68.3% | -93.7% | N.A. | More Info
|
| GALLANTT ISPAT | 2,263 | -40 | 2,212 | 104 | -2.2% | N.A. | 13.0 | More Info
|
| GALLANTT METAL | 1,855 | 18 | 2,178 | 43 | 17.4% | 134.8% | 3.4 | More Info
|
| GANDHI SPECIAL TUBES | 180 | 67 | 257 | 81 | 42.6% | 21.7% | 5.5 | More Info
|
| GARG FURNACE | 268 | -43 | 281 | -4 | 4.8% | N.A. | 0.9 | More Info
|
| GODAWARI POWER | 8,279 | 530 | 9,668 | 1,038 | 16.8% | 96.0% | 40.5 | More Info
|
| GOODLUCK INDIA | 3,884 | 62 | 4,193 | 95 | 7.9% | 54.9% | 1.8 | More Info
|
| GOPAL IRON & STL. | 1 | -0 | 0 | -0 | -100.0% | N.A. | N.A. | More Info
|
| GRAND FOUNDRY | 18 | 3 | 0 | -0 | -100.0% | -114.7% | N.A. | More Info
|
| GRAVITA INDIA | 3,277 | 74 | 3,394 | 127 | 3.6% | 71.9% | 2.0 | More Info
|
| GRAVITA INDIA | 3,277 | 74 | 3,394 | 127 | 3.6% | 71.9% | 2.0 | More Info
|
| GUJ.INTRUX | 116 | 11 | 92 | 12 | -20.7% | 9.0% | 4.6 | More Info
|
| GUJARAT NATURAL RESOURCES | 19 | -130 | 30 | -7 | 60.2% | N.A. | N.A. | More Info
|
| HEERA ISPAT | 0 | 0 | 0 | -2 | N.A. | -1,676.9% | N.A. | More Info
|
| HINDUSTAN COPPER | 2,877 | 195 | 2,947 | 92 | 2.4% | -53.0% | 15.8 | More Info
|
| HINDUSTAN COPPER | 2,877 | 195 | 2,947 | 92 | 2.4% | -53.0% | 15.8 | More Info
|
| HISAR METAL | 491 | 15 | 385 | 12 | -21.5% | -21.1% | 12.8 | More Info
|
| IFGL REFRACTORIES | 2,186 | 125 | 2,462 | 206 | 12.7% | 64.7% | 18.0 | More Info
|
| INDIAN BRIGHT | 0 | -0 | 0 | -0 | N.A. | N.A. | N.A. | More Info
|
| INDIAN METALS | 3,895 | -336 | 4,376 | 431 | 12.4% | N.A. | 4.5 | More Info
|
| INDSIL HYDROPOWER | 1,325 | -32 | 117 | -26 | -91.2% | N.A. | 0.4 | More Info
|
| INDUCTO STEEL | 181 | 1 | 0 | -1 | -100.0% | -231.6% | N.A. | More Info
|
| INVESTMENT & PREC. | 232 | 1 | 263 | -8 | 13.5% | -1,280.0% | 17.5 | More Info
|
| ISI BARS | 326 | -19 | 458 | -35 | 40.6% | N.A. | N.A. | More Info
|
| ISMT | 3,214 | -560 | 3,023 | -679 | -6.0% | N.A. | 2.0 | More Info
|
| JAI BALAJI INDUS | 6,463 | -318 | 6,797 | -225 | 5.2% | N.A. | 0.4 | More Info
|
| JAI CORP | 1,519 | 283 | 1,185 | 98 | -22.0% | -65.4% | 24.3 | More Info
|
| JAYASWAL NECO | 8,420 | -2,438 | 9,058 | -1,952 | 7.6% | N.A. | 28.3 | More Info
|
| JINDAL SAW | 26,816 | 2,580 | 23,743 | 799 | -11.5% | -69.0% | 2.7 | More Info
|
| JINDAL STAINLESS | 32,911 | 416 | 33,141 | 823 | 0.7% | 97.8% | 3.1 | More Info
|
| JINDAL STAINLESS (HISAR) | 22,765 | 916 | 22,985 | 1,417 | 1.0% | 54.7% | 3.5 | More Info
|
| JINDAL STEEL & POWER | 76,878 | -3,207 | 89,898 | -7,331 | 16.9% | N.A. | 6.0 | More Info
|
| JSW ISPAT SP PROD | 6,604 | -1,139 | 9,553 | 2,412 | 44.7% | N.A. | N.A. | More Info
|
| JSW STEEL | 175,720 | 25,510 | 192,640 | 15,480 | 9.6% | -39.3% | 18.8 | More Info
|
| JSW STEEL | 175,720 | 25,510 | 192,640 | 15,480 | 9.6% | -39.3% | 18.8 | More Info
|
| JSW STEEL | 175,720 | 25,510 | 192,640 | 15,480 | 9.6% | -39.3% | 18.8 | More Info
|
| KACHCHH MINERALS | 0 | -2 | 2 | 1 | 1,954.5% | N.A. | 19.3 | More Info
|
| KALYANI FORGE | 538 | 4 | 400 | -23 | -25.6% | -687.2% | 8.9 | More Info
|
| KALYANI STEELS | 3,032 | 449 | 3,219 | 453 | 6.2% | 0.9% | 5.1 | More Info
|
| KAMDHENU ISPAT | 2,380 | 65 | 1,361 | 25 | -42.8% | -61.5% | 6.3 | More Info
|
| KANISHK STEEL | 729 | 2 | 801 | 33 | 9.8% | 1,866.1% | N.A. | More Info
|
| KIC METALLICS | 1,192 | 40 | 1,088 | -18 | -8.8% | -144.0% | 206.3 | More Info
|
| KIRL.FERROUS | 4,642 | 132 | 4,862 | 656 | 4.7% | 398.1% | 8.4 | More Info
|
| KRIDHAN INFRA | 48 | -11 | 68 | -5 | 41.8% | N.A. | 1.1 | More Info
|
| LGB FORGE | 256 | 0 | 239 | 12 | -6.5% | 41,266.7% | N.A. | More Info
|
| M.M.FORGINGS | 1,887 | 122 | 1,505 | 54 | -20.2% | -55.6% | 16.4 | More Info
|
| MAGNA ELECTR | 266 | 28 | 252 | 26 | -5.4% | -4.9% | 3.5 | More Info
|
| MAHALAXMI SM | 5 | -1 | 5 | 1 | 6.7% | N.A. | 5.6 | More Info
|
| MAHAMAYA STEEL | 679 | 28 | 557 | -1 | -17.9% | -103.0% | 51.8 | More Info
|
| MAHARASHTRA SEAMLESS | 7,906 | 1,915 | 5,786 | 903 | -26.8% | -52.9% | 4.9 | More Info
|
| MAITHAN ALLOYS | 4,697 | 419 | 4,091 | 549 | -12.9% | 31.1% | 2.4 | More Info
|
| MANAKSIA STEELS | 1,117 | -12 | 1,674 | 104 | 49.9% | N.A. | 13.3 | More Info
|
| MARATHWADA REFRACT | 0 | -2 | 0 | -1 | N.A. | N.A. | 18.8 | More Info
|
| METAL COATING | 284 | 8 | 230 | 8 | -19.0% | -2.1% | 7.3 | More Info
|
| METALYST FORGINGS | 398 | -689 | 395 | -742 | -0.9% | N.A. | N.A. | More Info
|
| MEWAT ZINC | 5 | 0 | 3 | 0 | -45.2% | 60.0% | 5.3 | More Info
|
| MFS INTERCORP | 0 | -0 | 0 | -0 | N.A. | N.A. | N.A. | More Info
|
| MODERN STEEL | 637 | -81 | 202 | -86 | -68.3% | N.A. | 5.4 | More Info
|
| MONNET IND. | 0 | -4 | 0 | -4 | N.A. | N.A. | N.A. | More Info
|
| MORGANITE CRUC | 282 | 27 | 242 | 14 | -14.2% | -49.6% | 20.3 | More Info
|
| MSP STEEL & POWER | 3,760 | -299 | 4,457 | 65 | 18.5% | N.A. | 28.3 | More Info
|
| MUKAND | 6,684 | -418 | 6,926 | -752 | 3.6% | N.A. | 10.5 | More Info
|
| MUKAT PIPES | 11 | 2 | 20 | 2 | 82.2% | 9.9% | 16.1 | More Info
|
| N.D. METAL | 18 | -13 | 9 | 3 | -52.1% | N.A. | 23.0 | More Info
|
| NALWA SONS INV | 346 | 191 | 359 | 230 | 3.8% | 20.5% | 6.2 | More Info
|
| NATIONAL FITTINGS | 153 | 2 | 134 | 8 | -12.2% | 333.3% | 3.4 | More Info
|
| NATIONAL STEEL | 2,810 | -580 | 5,193 | -477 | 84.8% | N.A. | N.A. | More Info
|
| NELCAST. | 1,281 | 34 | 1,394 | 47 | 8.8% | 35.8% | 14.3 | More Info
|
| NILACHAL REFRACT. | 3 | 3 | 2 | -4 | -45.4% | -217.5% | N.A. | More Info
|
| NILE. | 1,771 | 45 | 1,633 | 27 | -7.8% | -39.5% | 3.1 | More Info
|
| NILE. | 1,771 | 45 | 1,633 | 27 | -7.8% | -39.5% | 3.1 | More Info
|
| NOVA IRON & STEEL | 329 | -234 | 813 | 32 | 147.4% | N.A. | N.A. | More Info
|
| OCL IRON & STEEL | 606 | -800 | 25 | -669 | -95.9% | N.A. | N.A. | More Info
|
| OM INFRA | 421 | -23 | 399 | 2 | -5.2% | N.A. | 9.7 | More Info
|
| ORIENT CERATECH | 815 | 60 | 674 | 23 | -17.3% | -61.5% | 20.8 | More Info
|
| P.M. TELELINNKS | 68 | 1 | 29 | -0 | -56.9% | -118.4% | N.A. | More Info
|
| PACT INDUSTRIES | 37 | 4 | 135 | 2 | 266.9% | -53.8% | N.A. | More Info
|
| PANCHMAHAL STEEL | 829 | -10 | 919 | -4 | 10.8% | N.A. | 12.2 | More Info
|
| PENNAR INDUSTRIES | 5,800 | 235 | 3,904 | 6 | -32.7% | -97.6% | 3.0 | More Info
|
| POCL ENTERPRISES | 926 | 8 | 790 | 9 | -14.7% | 10.8% | 2.9 | More Info
|
| POKARNA | 1,171 | 305 | 938 | 209 | -19.9% | -31.4% | 5.6 | More Info
|
| PRADHIN | 142 | -0 | 0 | -0 | -100.0% | N.A. | 32.9 | More Info
|
| PRAKASH STEELAGE | 89 | 2 | 55 | 7 | -38.6% | 181.8% | 0.5 | More Info
|
| RAASI REFRACTORIES | 137 | 1 | 32 | 0 | -76.7% | -64.9% | N.A. | More Info
|
| RAJ.TUBE MANUFACTURING | 82 | 1 | 67 | 1 | -18.0% | -26.9% | N.A. | More Info
|
| RAJDARSHAN | 2 | 1 | 0 | 2 | -100.0% | 118.3% | 3.8 | More Info
|
| RAJRATAN GLOBAL WIRE | 1,204 | 97 | 1,390 | 135 | 15.4% | 39.6% | 30.6 | More Info
|
| RAM RAT.WIRE | 3,666 | 69 | 3,590 | 33 | -2.1% | -52.1% | 5.8 | More Info
|
| RAMA STEEL TUBES | 813 | -20 | 1,299 | 28 | 59.7% | N.A. | 448.0 | More Info
|
| RATHI BARS | 839 | 12 | 936 | 11 | 11.6% | -4.4% | 9.0 | More Info
|
| RATHI STEEL | 11 | -76 | 560 | -50 | 5,088.6% | N.A. | 0.6 | More Info
|
| RATNAMANI METALS | 6,103 | 765 | 5,769 | 567 | -5.5% | -25.8% | 21.2 | More Info
|
| REAL STRIPS | 265 | 28 | 304 | 36 | 14.7% | 27.7% | N.A. | More Info
|
| REMI EDELSTAHL TUBULARS | 301 | 0 | 205 | -6 | -31.8% | -1,418.6% | 6.6 | More Info
|
| RHI MAGNESITA | 1,801 | 261 | 1,802 | 207 | 0.0% | -20.6% | N.A. | More Info
|
| RISHABH DIGH | 6 | 1 | 3 | 0 | -55.9% | -59.0% | 0.9 | More Info
|
| RUCHI STRIPS | 42 | -59 | 43 | -7 | 1.9% | N.A. | 0.0 | More Info
|
| RUDRA GLOBAL | 670 | 3 | 567 | -117 | -15.4% | -4,730.8% | 41.6 | More Info
|
| SAIL | 141,290 | -3,539 | 169,255 | 3,626 | 19.8% | N.A. | 15.5 | More Info
|
| SAIL | 141,290 | -3,539 | 169,255 | 3,626 | 19.8% | N.A. | 15.5 | More Info
|
| SAL STEEL | 1,110 | 151 | 793 | -39 | -28.6% | -125.6% | 95.4 | More Info
|
| SARDA ENERGY & MINERALS | 5,504 | 714 | 5,484 | 864 | -0.4% | 21.0% | 22.1 | More Info
|
| SATVAH.ISPAT | 856 | -910 | 66 | -644 | -92.3% | N.A. | 0.2 | More Info
|
| SH.STEEL WIR | 58 | 6 | 49 | 5 | -15.3% | -2.2% | N.A. | More Info
|
| SHAH ALLOYS | 1,200 | -57 | 1,107 | -49 | -7.8% | N.A. | N.A. | More Info
|
| SHAH METACORP | 185 | -61 | 12 | -137 | -93.6% | N.A. | 6.6 | More Info
|
| SHALIMAR WIRE | 320 | 3 | 228 | -35 | -28.8% | -1,168.9% | N.A. | More Info
|
| SHARDA ISPAT | 170 | 3 | 209 | 9 | 23.0% | 154.3% | 3.0 | More Info
|
| SHIV.BIMETAL | 459 | 34 | 493 | 49 | 7.5% | 42.9% | 4.9 | More Info
|
| SHRI BAJRANG ALLOYS | 313 | 2 | 300 | -61 | -4.1% | -3,171.7% | 28.1 | More Info
|
| SIMPLEX CASTINGS | 178 | -90 | 207 | -27 | 16.3% | N.A. | 1.9 | More Info
|
| SRIKALAHASTHI PIPES | 4,574 | 359 | 3,973 | 250 | -13.1% | -30.4% | 4.4 | More Info
|
| SRU STEELS | 117 | 2 | 96 | 0 | -17.3% | -81.1% | N.A. | More Info
|
| STEEL EXCHANGE | 1,731 | 83 | 2,103 | 177 | 21.5% | 113.1% | 238.9 | More Info
|
| STEEL STRIPS INFRA | 9 | -1 | 3 | 14 | -67.6% | N.A. | N.A. | More Info
|
| STEELCAST | 585 | 41 | 348 | 35 | -40.5% | -15.0% | 4.7 | More Info
|
| SUJANA METAL | 59 | -81 | 55 | -92 | -7.7% | N.A. | N.A. | More Info
|
| SUNFLAG IRON & STEEL | 4,490 | 212 | 4,894 | 295 | 9.0% | 39.6% | 8.1 | More Info
|
| SURAJ PRODUCTS | 159 | 3 | 442 | 11 | 178.3% | 237.2% | 1.5 | More Info
|
| SURAJ STAINLESS | 405 | 0 | 529 | 4 | 30.5% | 5,783.3% | 2.4 | More Info
|
| SURYA ROSHNI | 13,226 | 225 | 13,742 | 419 | 3.9% | 86.5% | 11.6 | More Info
|
| T.N.STEEL TU | 124 | -9 | 136 | -1 | 9.7% | N.A. | 28.3 | More Info
|
| TATA METALIK | 5,114 | 236 | 5,196 | 822 | 1.6% | 248.3% | 18.8 | More Info
|
| TATA STEEL | 345,792 | 40,210 | 389,399 | 15,915 | 12.6% | -60.4% | 343.6 | More Info
|
| TATA STEEL | 345,792 | 40,210 | 389,399 | 15,915 | 12.6% | -60.4% | 343.6 | More Info
|
| TATA STEEL BSL | 45,546 | -2,440 | 55,194 | 3,417 | 21.2% | N.A. | 0.7 | More Info
|
| TATA STEEL LONG PROD | 7,778 | -1,969 | 11,859 | 591 | 52.5% | N.A. | N.A. | More Info
|
| TAYO ROLLS | 0 | -49 | 0 | -11 | N.A. | N.A. | N.A. | More Info
|
| TERRASCOPE VENTURES | 2 | 1 | 88 | -4 | 5,183.8% | -756.7% | 9.1 | More Info
|
| TINPLATE | 5,384 | 127 | 5,315 | 161 | -1.3% | 26.9% | 20.2 | More Info
|
| TULSYAN NEC | 2,099 | -492 | 1,388 | -606 | -33.9% | N.A. | N.A. | More Info
|
| UNI ABEX | 331 | 41 | 233 | 24 | -29.5% | -41.5% | 2.8 | More Info
|
| UNISON METALS | 368 | 11 | 313 | 3 | -14.8% | -71.5% | 6.9 | More Info
|
| USHA MARTIN | 5,382 | 266 | 5,184 | 385 | -3.7% | 44.6% | 2.4 | More Info
|
| UTTAM GALVA STEEL | 1,400 | -3,355 | 1,891 | 193 | 35.1% | N.A. | N.A. | More Info
|
| VALLABH STEEL | 112 | -44 | 37 | -19 | -67.2% | N.A. | N.A. | More Info
|
| VASWANI INDUSTRIES | 883 | -52 | 688 | 6 | -22.0% | N.A. | 2.0 | More Info
|
| VBC FERRO | 184 | -44 | 9 | -201 | -95.2% | N.A. | N.A. | More Info
|
| VESUVIUS INDIA | 2,176 | 217 | 2,123 | 122 | -2.4% | -43.5% | 8.8 | More Info
|
| VISA STEEL | 1,285 | -546 | 2,496 | -396 | 94.3% | N.A. | N.A. | More Info
|
| WELCAST | 391 | 1 | 303 | -25 | -22.3% | -2,358.7% | 11.8 | More Info
|
| WELSPUN SPECIALTY | 633 | -109 | 294 | -106 | -53.5% | N.A. | 16.5 | More Info
|
| Sector Aggregate | 1,945,401 | 142,076 | 2,168,643 | 91,769 | 11.5% | -35.4% | ||
* Trailing 12 months earnings, excluding extraordinary / exceptional items. |
Jun 2020 Results | Dec 2020 Results | Latest Quarter Results | View All Results |
|||||||
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.