Open Demat
Be a Partner
Samadhan
Install App
Install App

4471

504000

ELPROINTL

img img img img
Compare to down-arrow
View down-arrow
Display down-arrow
Studies down-arrow
No Data Available

ELPRO INTERNATIONAL LTD. Share Price Update

As of the latest trading session, ELPRO INTERNATIONAL LTD is trading at ₹142.6, up by ₹14.60 or 11.40% from its previous close. The stock has moved between ₹126.11 and ₹151.00 today. Over the past year, the stock has delivered a return of 0.00%. In the last month, it has returned 40.44%.

ELPRO INTERNATIONAL LTD. performance

Today’s low Today’s high
₹ 126.11 ₹ 151.00
₹ 143.96
52 week low 52 week high
₹ 86.00 ₹ 151.00
₹ 143.96
Open Price ₹ 127.10
Prev. Close ₹ 128.00
Volume (Shares) 1533256.00
Total traded value ₹ 2207.27
Upper Circuit ₹ 153.60
Lower Circuit ₹ 102.40
info

Investment Returns

Over 1 Month 40.44% Over 3 Months 0.00% Over 6 Months 0.00% Over 1 Year 0.00%
demotext Smart Investing Starts here ! Trade Smart with Fast Execution & Zero Account Opening Fees Invest Now

ELPRO INTERNATIONAL LTD. fundamentals


  • Market cap (Cr) 2,439.80
  • P/E Ratio (TTM) 73.65
  • Beta 49.83
  • Book Value / share 123.99
  • Return on equity 2.15%
  • EPS (TTM) 1.96
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 5.49
info icon alternate text
  • Market cap (Cr) 2,446.40
  • P/E Ratio (TTM) 73.65
  • Beta 0.58
  • Book Value / share 123.99
  • Return on equity 2.15%
  • EPS (TTM) 1.96
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 5.49
info icon alternate text

ELPRO INTERNATIONAL LTD. Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars MAR 2026 (Values in Cr)
Revenue 59.67
Operating Expense 67.60
Net Profit 5.49
Net Profit Margin (%) 9.20
Earnings Per Share (EPS) 0.32
EBITDA 34.66
Effective Tax Rate (%) 11.87
Particulars DEC 2025 (Values in Cr)
Revenue 32.50
Operating Expense 51.11
Net Profit 5.40
Net Profit Margin (%) 16.61
Earnings Per Share (EPS) 0.32
EBITDA 34.79
Effective Tax Rate (%) 27.26
Particulars SEP 2025 (Values in Cr)
Revenue 39.32
Operating Expense 55.40
Net Profit 1.35
Net Profit Margin (%) 3.43
Earnings Per Share (EPS) 0.08
EBITDA 28.86
Effective Tax Rate (%) 46.61
Particulars JUN 2025 (Values in Cr)
Revenue 37.53
Operating Expense 51.71
Net Profit 21.03
Net Profit Margin (%) 56.03
Earnings Per Share (EPS) 1.24
EBITDA 36.22
Effective Tax Rate (%) -78.82
Particulars MAR 2025 (Values in Cr)
Revenue 39.47
Operating Expense 50.07
Net Profit -1.52
Net Profit Margin (%) -3.85
Earnings Per Share (EPS) -0.09
EBITDA 18.29
Effective Tax Rate (%) 69.35
Particulars MAR 2026 (Values in Cr)
Revenue 169.03
Operating Expense 227.50
Net Profit 33.27
Net Profit Margin (%) 19.68
Earnings Per Share (EPS) 1.96
EBITDA 134.56
Effective Tax Rate (%) -19.15
Particulars MAR 2025 (Values in Cr)
Revenue 208.89
Operating Expense 236.26
Net Profit 37.78
Net Profit Margin (%) 18.08
Earnings Per Share (EPS) 2.23
EBITDA 107.52
Effective Tax Rate (%) -4.22
Particulars MAR 2024 (Values in Cr)
Revenue 112.17
Operating Expense 98.69
Net Profit 46.57
Net Profit Margin (%) 41.51
Earnings Per Share (EPS) 2.75
EBITDA 85.09
Effective Tax Rate (%) 14.53
Particulars MAR 2023 (Values in Cr)
Revenue 97.47
Operating Expense 73.49
Net Profit 41.31
Net Profit Margin (%) 42.38
Earnings Per Share (EPS) 2.44
EBITDA 67.10
Effective Tax Rate (%) 28.29
Particulars MAR 2022 (Values in Cr)
Revenue 72.42
Operating Expense 65.19
Net Profit 989.16
Net Profit Margin (%) 1365.86
Earnings Per Share (EPS) 58.36
EBITDA 1231.99
Effective Tax Rate (%) 17.87
Particulars MAR 2025 (Values in Cr)
Book Value / Share 120.16
ROE % 3.14
ROCE % 5.10
Total Debt to Total Equity 0.38
EBITDA Margin 36.37
Particulars MAR 2024 (Values in Cr)
Book Value / Share 94.85
ROE % 5.96
ROCE % 7.79
Total Debt to Total Equity 0.17
EBITDA Margin 60.11
Particulars MAR 2023 (Values in Cr)
Book Value / Share 74.56
ROE % 2.97
ROCE % 4.12
Total Debt to Total Equity 0.07
EBITDA Margin 49.32
Particulars MAR 2022 (Values in Cr)
Book Value / Share 72.69
ROE % 10.85
ROCE % 13.28
Total Debt to Total Equity 0.19
EBITDA Margin 168.96
Particulars MAR 2021 (Values in Cr)
Book Value / Share 10.10
ROE % 8.99
ROCE % 9.03
Total Debt to Total Equity 1.31
EBITDA Margin 73.27
Particulars MAR 2025 (Values in Cr)
Book Value / Share 115.55
ROE % 2.15
ROCE % 3.99
Total Debt to Total Equity 0.37
EBITDA Margin 51.47
Particulars MAR 2024 (Values in Cr)
Book Value / Share 91.88
ROE % 3.31
ROCE % 4.78
Total Debt to Total Equity 0.18
EBITDA Margin 75.86
Particulars MAR 2023 (Values in Cr)
Book Value / Share 73.99
ROE % 2.46
ROCE % 3.52
Total Debt to Total Equity 0.07
EBITDA Margin 53.68
Particulars MAR 2022 (Values in Cr)
Book Value / Share 72.37
ROE % 11.61
ROCE % 14.17
Total Debt to Total Equity 0.18
EBITDA Margin 180.30
Particulars MAR 2021 (Values in Cr)
Book Value / Share 13.91
ROE % 3.13
ROCE % 6.26
Total Debt to Total Equity 0.91
EBITDA Margin 53.32
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 3.42
Total Assets 3401.11
Total Liabilities 3401.11
Total Equity 2036.39
Share Outstanding 16
Price to Book Ratio 0.61
Return on Assets (%) 1.94
Return on Capital (%) 2.19
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 4.25
Total Assets 2127.11
Total Liabilities 2127.11
Total Equity 1607.43
Share Outstanding 16
Price to Book Ratio 0.89
Return on Assets (%) 4.01
Return on Capital (%) 4.33
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 3.46
Total Assets 1513.34
Total Liabilities 1513.34
Total Equity 1263.60
Share Outstanding 16
Price to Book Ratio 0.81
Return on Assets (%) 3.16
Return on Capital (%) 3.45
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 45.35
Total Assets 1379.94
Total Liabilities 1379.94
Total Equity 1231.90
Share Outstanding 16
Price to Book Ratio 0.83
Return on Assets (%) 76.57
Return on Capital (%) 82.02
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 5.53
Total Assets 458.75
Total Liabilities 458.75
Total Equity 171.11
Share Outstanding 16
Price to Book Ratio 2.98
Return on Assets (%) 4.30
Return on Capital (%) 5.04
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 2.84
Total Assets 3241.75
Total Liabilities 3241.75
Total Equity 1958.30
Share Outstanding 16
Price to Book Ratio 0.61
Return on Assets (%) 1.16
Return on Capital (%) 1.31
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 2.06
Total Assets 2071.68
Total Liabilities 2071.68
Total Equity 1557.12
Share Outstanding 16
Price to Book Ratio 0.89
Return on Assets (%) 2.24
Return on Capital (%) 2.42
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 2.18
Total Assets 1502.92
Total Liabilities 1502.92
Total Equity 1253.98
Share Outstanding 16
Price to Book Ratio 0.81
Return on Assets (%) 2.74
Return on Capital (%) 2.99
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 45.35
Total Assets 1374.45
Total Liabilities 1374.45
Total Equity 1226.49
Share Outstanding 16
Price to Book Ratio 0.83
Return on Assets (%) 71.96
Return on Capital (%) 77.1
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 5.53
Total Assets 523.45
Total Liabilities 523.45
Total Equity 235.81
Share Outstanding 16
Price to Book Ratio 2.98
Return on Assets (%) 1.34
Return on Capital (%) 1.54
Particulars MAR 2025 (Values in Cr)
Net Income 74.26
Cash from Operations 239.31
Cash from Investing -767.34
Cash from Financing 547.82
Net change in Cash -0.93
Free Cash Flow 510.57
Particulars MAR 2024 (Values in Cr)
Net Income 107.00
Cash from Operations 69.29
Cash from Investing -262.24
Cash from Financing 202.47
Net change in Cash -1.47
Free Cash Flow 112.32
Particulars MAR 2023 (Values in Cr)
Net Income 65.99
Cash from Operations -129.44
Cash from Investing 33.77
Cash from Financing 60.21
Net change in Cash -41.89
Free Cash Flow 100.48
Particulars MAR 2022 (Values in Cr)
Net Income 1271.99
Cash from Operations 23.51
Cash from Investing 386.78
Cash from Financing -185.03
Net change in Cash 39.82
Free Cash Flow 25.53
Particulars MAR 2021 (Values in Cr)
Net Income 17.54
Cash from Operations 19.50
Cash from Investing 20.25
Cash from Financing -32.94
Net change in Cash 3.03
Free Cash Flow 21.03
Particulars MAR 2025 (Values in Cr)
Net Income 36.24
Cash from Operations 68.76
Cash from Investing -536.48
Cash from Financing 481.24
Net change in Cash 0.68
Free Cash Flow 247.01
Particulars MAR 2024 (Values in Cr)
Net Income 54.48
Cash from Operations 13.97
Cash from Investing -216.31
Cash from Financing 204.94
Net change in Cash -0.21
Free Cash Flow 57.00
Particulars MAR 2023 (Values in Cr)
Net Income 57.60
Cash from Operations 34.75
Cash from Investing -133.34
Cash from Financing 60.21
Net change in Cash -43.16
Free Cash Flow 264.69
Particulars MAR 2022 (Values in Cr)
Net Income 1204.43
Cash from Operations 23.51
Cash from Investing 386.78
Cash from Financing -185.03
Net change in Cash 39.82
Free Cash Flow 25.53
Particulars MAR 2021 (Values in Cr)
Net Income 4.94
Cash from Operations 19.50
Cash from Investing 20.25
Cash from Financing -32.94
Net change in Cash 3.03
Free Cash Flow 21.03
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
ADITYA BIRLA REAL ESTATE LIMIT 1489.70 0.00 4.49 16639.31 1080.10 2535.00
FORBES & COMPANY LTD. 349.15 19.57 1.95 450.40 301.90 477.00
GOLDEN TOBACCO LIMITED 40.25 13.37 -0.33 70.88 36.00 60.90
PENINSULA LAND LIMITED 17.81 0.00 2.86 590.81 13.86 46.00
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
SANATHNAGAR ENTERPRISES LIMITE 38.15 119.22 -0.97 12.02 29.01 54.33
BARODA RAYON CORPORATION LTD. 129.45 9.49 0.76 296.59 100.10 175.80
ADITYA BIRLA REAL ESTATE LIMIT 1489.70 108.82 3.54 16639.31 1080.10 2535.00
FORBES & COMPANY LTD. 349.15 20.72 2.65 450.40 301.90 477.00

ELPRO INTERNATIONAL LTD. shareholding pattern

Holding
16.99%
74.99%
7.99%
Name Shares Category
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)
(%)

News

Left Arrow
Right Arrow

ELPRO INTERNATIONAL LTD. Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
143.96 12.46 redarrow
red-green-graph indicator
0 Bearish
16 Bullish
  • 5 Days 128.60
  • 26 Days 78.20
  • 10 Days 115.70
  • 50 Days 50.50
  • 12 Days 110.10
  • 100 Days 29.10
  • 20 Days 89.90
  • 200 Days 16.60
127.24 PIVOT
First Support 124.76 First Resistance 130.47 Second Support 121.53 Second Resistance 132.95 Third Support 119.05 Third Resistance 136.18
RSI 88.85 ADX 93.93 MACD 31.90 Williams % R -10.83 Commodity Channel Index (CCI) 84.61
Date 2026-05-08 Week 404909.00 Same Day 897632.00 Month 189842.00
1 Year 49.84 3 Year 3.95
Over 1 Month
40.44% down
Over 1 Year
0.00% down
Over 3 Months
0.00% down
Over 3 Years
0.00% down
Over 6 Months
0.00% down
Over 5 Years
0.00% down

ELPRO INTERNATIONAL LTD. Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
26 Nov 2024 0.7 Interim 26 Nov 2024 Equity shares
13 Nov 2023 0.6 Interim 13 Nov 2023 Equity shares
09 Jun 2023 0.23 Interim 09 Jun 2023 Equity shares
22 Sep 2005 0.0 Final 24 Sep 2005 Equity shares
Ex-Date Ex-Bonus Ratio
10 Sep 2015 08 Sep 2015 2:1
Ex-Date Old FV NEW FV Record Date
27 Sep 2017 2.0 1.0 28 Sep 2017
04 Jun 2015 10.0 2.0 05 Jun 2015
Dividend date Dividend amount Dividend type Record date Instrument type
26 Nov 2024 0.7 Interim 26 Nov 2024 Equity shares
13 Nov 2023 0.6 Interim 13 Nov 2023 Equity shares
09 Jun 2023 0.23 Interim 09 Jun 2023 Equity shares
22 Sep 2005 0.0 Final 24 Sep 2005 Equity shares
Ex-Date Ex-Bonus Ratio
10 Sep 2015 08 Sep 2015 2:1
Ex-Date Old FV NEW FV Record Date
27 Sep 2017 2.0 1.0 28 Sep 2017
04 Jun 2015 10.0 2.0 05 Jun 2015

Top Gainers

up-arrow (%)

Top Losers

up-arrow (%)

ELPRO INTERNATIONAL LTD. Share Price

Elpro International Limited, incorporated in 1962, is presently engaged in the business of manufacturing of Other Electrical Equipments like Lighting Arresters, Varistors, Secondary Surge Arrestor, Discharge Counter, accessories and services & also engaged in Real Estate Development and Services. Company has manufacturing plant located at Chinchwad, Pune, Maharashtra.

Elpro International, as an engineering company, was originally formed with 50% financial participation from the General Electric Company, US. Later on, to get the company out of FERA's clutches. GEC, US, reduced its shareholding by transferring a small percentage to an Indian company. Originally, Investment Corporation of India, a Tata affiliate, was the largest single Indian shareholder but at present its holding is just 4.5% of the total equity capital of Elpro.

Elpro's main operations are in lightning arresters, pellet and thyrite types and X-ray equipment for medical and industrial applications. They also manufacture alnico magnets for domestic and industrial applications, calrod heating elements for domestic, industrial and medical applications and other electrical apparatus. The company has entered into a technical collaboration with the GEC, US.

In 1983, it entered into a technical collaboration agreement with Matsushita Electric Industrial Company, Japan, to manufacture the most important basic component required to manufacture gapless lightning arresters. The company obtained an industrial license and manufactured and sold the first unit of electrostatic precipitators and control with DC power supply.

Elpro, commenced production of two new high-tech products in 1987 -- computerised numerical control (CNC) systems with servo drives and metal oxide variators (MOV). The CNC systems are manufactured in collaboration with GEC, US, while the MOV is developed by the R&D cell of Elpro itself.

Elpro's major clients for lightning arrestors are the state electricity boards, private contractors executing power projects, consultants, etc. As far as X-ray equipments are concerned, major end-users are private radiologists, clinics and large hospitals in the government and private sectors.

In the year 1994-95 the company has undertaken restructuring programme and promoted four new companies to takeover the divested operations or to carry on a new line of business.

The Jointventure with GE namely GE-Elpro Medical Systems Ltd., has started assembly and development operations relating to X-ray product during the year 1994-95.

The company has entered into an JV agreement with Control Technique Plc, a subsidiary of US based Emerson Electric, by which the entire CNC manufacturing operations including plant and equipment, raw material, work in progress, goodwill etc. relating thereto to a new company(Control Technique Elpro Automation). In the new JV company Elpro would subscribe for 49% share capital and the remaining 51% by the control Technique Plc.

The company has decided to form a JV with Sunpower Inc, a USA based R & D company to produce pumps running on biomass as part of diversification programme. In the proposed JV company Elpro will hols 85% equity and Sunpower will hold 15% of the equity.

The comapny has promoted Elpro Finance Ltd in the year 1995 with the object of undertaing financial transactions like lease, hire-purchase, investments, inter-corporate deposits etc. to avail then available tax and other benefits. With the changing conditions the company is engaged in review and restucture of operations during the year 2001-02.

Elpro has diversified into flexible packaging by acquiring erstwhile Mukund Flexpack Ltd.(presently Elpro Packaging) in 1998.

Elpro's software ventures promoted to undertake development of various dot com portals could not reap benefit from the shortlived dot com boom. These companies are now concentrating on developing software for insurance business and rendering services relating thereto.

The switchgear division received ISO-9001 Certification during the year 1990-2000.

On January 25, 2018, Elpro Estates Limited became the Wholly Owned Subsidiary of the Company as it acquired 13.80% i.e. 2,40,200 equity shares of Rs 10/- each in Elpro Estates Limited.

Elpro Estates Limited, a wholly-owned subsidiary, was fully merged with the Company w.e.f. April 1, 2018 in FY 2018-19 via Scheme of Amalgamation.

During 2021-22, Elpro International Limited got into Share Purchase Agreement with Metlife International Holdings LLC. for sale of 21,34,02,479 equity shares held by Elpro International Limited in PNB Metlife India Insurance Company Limited for a total consideration of Rs 132309.54 Lakhs and resulting to completion of transaction, the shareholding of Elpro International Limited stood 0.8141% on February 28, 2022. Consequent upon sale of 21,34,02,479 Equity Shares held by the Company PNB Metlife India Insurance Company Limited on 28th February, 2022, PNB Metlife India Insurance Company Limited ceased to be an Associate Company.

Eduspace Services Private Limited was incorporated as Wholly-owned Subsidiary Company w.e.f. March 19, 2025. Further, Eduspace Services Private Limited was converted from Limited Liability Partnership Firm named Eduspace Services LLP', with effect from July 18, 2025, in which the Company had acquired 100% Partnership interest.

Parent organization Indian Private
NSE symbol ELPROINTL
Founded 1962
stock
Trade stocks with ease

Sign-in to trade with your demat account, or set up a new demat account for free

Board Of Directors

Left Arrow
Deepak Kumar Singh Chairman / Executive Director / Managing Director
Surbhit Dabriwala Non-Exec & Non-Independent Dir
Kota Rajashekhar Anil Kumar Independent Non Exe. Director
Naresh Agarwal Independent Non Exe. Director
Sunil Khandelwal Non-Exec & Non-Independent Dir
Shruti Bahety Independent Non Exe. Director
Right Arrow

Similar stocks

Left Arrow
similar-logo DLF
-1.71%
608.25 -10.59
down-arrow
similar-logo LODHA
-0.54%
962.1 -5.25
down-arrow
similar-logo PHOENIXLTD
0.84%
1845 15.50
down-arrow
similar-logo PRESTIGE
1.60%
1507.3 23.80
down-arrow
similar-logo OBEROIRLTY
1.67%
1703 28.00
down-arrow
similar-logo GODREJPROP
-0.26%
1873.6 -5.00
down-arrow
similar-logo PFOCUS
-2.23%
300.9 -6.89
down-arrow
similar-logo ANANTRAJ
0.88%
560.85 4.94
down-arrow
similar-logo BRIGADE
-1.92%
758.25 -14.90
down-arrow
similar-logo ABREL
-6.62%
1485.8 -105.39
down-arrow
Right Arrow

Frequently Asked Questions

What is the Current Share Price of Elpro International Ltd?

Answer Field

Elpro International Ltd share price is for NSE ₹ 142.60 & for BSE ₹ 143.50 as on May 08 2026 03:29 PM.

What is the Market Cap of Elpro International Ltd Share?

Answer Field

The market cap of Elpro International Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 08 2026 03:29 PM.

What is the 52 Week High and Low of Elpro International Ltd?

Answer Field

The 52 Week High and Low of Elpro International Ltd for NSE is ₹ 151.00 and ₹ 86.00 and for BSE is ₹ 149.70 and ₹ 71.20.

What is 1 year return for Elpro International Ltd?

Answer Field

The 1 year returns on the stock has been 0.00%.

What is the P/E Ratio of Elpro International Ltd Share?

Answer Field

As on May 08 2026 03:29 PM the price-to-earnings (PE) ratio for Elpro International Ltd share is 73.65.

What is the PB ratio of Elpro International Ltd Share?

Answer Field

As on May 08 2026 03:29 PM, the price-to-book (PB) ratio for Elpro International Ltd share is 123.99.

How to Buy Elpro International Ltd Share?

Answer Field

You can trade in Elpro International Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Elpro International Ltd Share on Bajaj Broking App?

Answer Field

To buy Elpro International Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Elpro International Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

No results found

close-image

Get Free Demat Account*

+91
close-img

Authorise with OTP

Enter the 4-Digit OTP sent to
edit
OTP expires in 00:59
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Products

arrow

Calculators

arrow

Platforms

arrow

Mutual Funds & SIP

arrow

Important Links

arrow

Explore

arrow

Corporate

arrow

Discover

arrow

Popular Stocks

arrow

Indian Indices

arrow

Global Indices

arrow

Sector Wise Stocks

arrow

IPO

arrow

ATTENTION INVESTORS:

“Investments in securities market are subject to market risk, read all the scheme related documents carefully before investing."

"Prevent Unauthorized transactions in your Trading/Demat Account. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL/NSDL at the end of the day. Issued in the interest of investors."

" We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services."  

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker."

Bajaj Financial Securities Limited is a subsidiary of Bajaj Finance Limited and is a corporate trading and clearing member of BSE Ltd. and National Stock Exchange of India Ltd. (NSEIL), and also a Depository participant with National Securities Depository Ltd (“NSDL”) and Central Depository Services Ltd. (“CDSL”).

Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.

BSE Ltd. is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

BSE Ltd. is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Please Note:

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

  2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

  4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email us or call on the toll free number.

Advisory for Investors : NSE | BSE

We also do pro-account trading in Equity & Derivatives Segment.

Filling complaints on SCORES - Easy & Quick

A.  Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.

SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

Compliance officer:

Mr. Boudhayan Ghosh 
TEL: 020-48574486
Email for any investor grievances or write to us for DP related matters.

DISCLAIMER

STANDARD DISCLAIMER

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

Website: Bajaj Broking

RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

Details of Compliance Officer: 

Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email | Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.