| Annual Financials | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 0 | 2 | 0 | 9 | 1 | 0 | 0 | 0 |
| Expenses | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 1 |
| EBITDA | -1 | 1 | -0 | 9 | 0 | 0 | -0 | -1 |
| Operating Profit % | -4,798 % | -7,511 % | -5,364 % | -1,357 % | -146 % | -78 % | -399 % | -1,200 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit Before Tax | -1 | 1 | -2 | 7 | 1 | -1 | -1 | -2 |
| Tax | 1 | -1 | 0 | 2 | -0 | -0 | -0 | 0 |
| Net Profit | -3 | 2 | -2 | 5 | 1 | -1 | -1 | -2 |
| EPS in ₹ | -28.03 | 21.67 | -21.61 | 54.41 | 7.56 | -6.20 | -9.44 | -17.70 |
India Radiators
India Radiators
14.40
0.00
(0.00%)
Market Cap
1.30 Cr
PE Ratio
-0.81
Volume
0.00
Day High - Low
- - -
52W High-Low
14.40 - 11.30
Key Fundamentals
Market Cap
1.30 Cr
EPS
-9.44
PE Ratio
-0.81
PB Ratio
-0.22
Book Value
-66.75
EBITDA
-0.20
Dividend Yield
0.00 %
Industry
Automobiles Sector
Auto Components Return on Equity
229.39
Debt to Equity
0.00
Actual
Company News
View All News
India Radiators Receives BSE 'No Adverse Observation' for Merger with Mercantile Ventures
Oct 15, 2025
Oct 15, 2025India Radiators Limited received a 'No Adverse Observation' letter from BSE Limited regarding its proposed amalgamation with Mercantile Ventures Limited. The BSE issued this observation letter under Regulation 37 of the Listing Regulations, which allows the company to proceed with filing the scheme before the National Company Law Tribunal (NCLT). The merger scheme was previously approved by Mercantile Ventures' Board of Directors and requires various regulatory approvals. SEBI provided 12 specific comments and conditions that must be addressed, including disclosure of ongoing legal proceedings, compliance with regulatory circulars, and ensuring financial information is not more than 6 months old. The observation letter has a validity of six months from October 14, 2025, within which the scheme must be submitted to NCLT. BSE reserves the right to withdraw its observation if any information is found incomplete or misleading.
India Radiators Limited Reports Q2 2025 Results, Schedules 75th AGM, and Appoints New AuditorsJul 31, 2025
Jul 31, 2025India Radiators Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, during their meeting on July 31, 2025. The company reported a net loss of Rs 58.45 lakhs compared to Rs 17.64 lakhs loss in the same quarter last year. Total income remained flat at Rs 1.60 lakhs versus Rs 1.64 lakhs in the previous year quarter, while total expenses increased significantly to Rs 65.25 lakhs from Rs 24.13 lakhs. The company scheduled its 75th Annual General Meeting for September 24, 2025, at 2:30 PM through video conferencing. The Board appointed M/s KRA Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30 at Rs 25,000 remuneration, subject to shareholder approval. Ms. Ramya Ganapathy was appointed as Internal Auditor for FY 2025-26 at Rs 5,000 per quarter. The company's earnings per share was negative at Rs 6.49 compared to negative Rs 1.96 in the corresponding quarter last year.
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
126.11 | #1 1,33,102.08 | 36.62 | #1 1,14,220.30 | 15.51 | #1 4,146 | 8.94 | 53.16 | |
36,945.00 | 1,08,964.25 | 38.86 | 18,901.30 | 8.32 | 2,013 | 16.11 | 55.02 | |
1,948.90 | 93,174.69 | 85.34 | 16,811.70 | 9.62 | 1,107 | -17.41 | 59.43 | |
1,122.30 | 64,813.73 | 53.22 | 16,803.90 | 19.48 | 1,021 | 18.12 | 50.27 | |
4,042.00 | 63,177.94 | 52.83 | 9,834.10 | 17.76 | 1,150 | 25.64 | 45.75 | |
2,800.80 | 54,208.06 | 50.90 | 22,221.20 | 12.03 | 1,095 | #1 47.91 | 44.83 | |
2,619.60 | 36,848.04 | 38.70 | 11,677.80 | 13.09 | 836 | 20.17 | 64.77 | |
587.55 | 36,536.61 | 58.43 | 4,449.46 | #1 20.86 | 640 | 14.17 | 56.54 | |
349.70 | 29,724.50 | #1 34.54 | 17,995.30 | 3.72 | 836 | 15.33 | 54.56 | |
14,120.00 | 26,782.23 | 54.92 | 3,939.20 | 0.73 | 461 | 15.47 | 40.81 |
Growth Rate
Revenue Growth
-
Net Income Growth
33.33 %
Cash Flow Change
-133.33 %
ROE
-297.05 %
ROCE
461.54 %
EBITDA Margin (Avg.)
451.90 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 24 | 12 | 12 | 12 | 12 | 18 | 18 |
| Fixed Assets | 19 | 12 | 12 | 12 | 12 | 18 | 18 |
| Current Assets | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity & Liabilities | 24 | 12 | 12 | 12 | 12 | 18 | 18 |
| Current Liabilities | 15 | 9 | 10 | 2 | 1 | 1 | 1 |
| Non Current Liabilities | 12 | 11 | 12 | 14 | 15 | 17 | 18 |
| Total Equity | -3 | -7 | -9 | -4 | -4 | 1 | -0 |
| Reserve & Surplus | -3 | -8 | -10 | -5 | -5 | -0 | -1 |
| Share Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Activities | 0 | 0 | 0 | 0 | -5 | 5 | 0 | 0 | 1 | 0 | 0 |
| Operating Activities | -1 | 1 | 0 | 0 | 5 | -5 | 0 | 0 | -1 | 0 | 0 |
| Financing Activities | 1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Holding
| % Holding | Jun 2003 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Jul 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
| Promoter | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.41 % | 38.74 % | 38.74 % | 38.74 % | 38.74 % | 38.74 % | 38.74 % | 38.74 % | 38.74 % |
| FIIs | 0.00 % | 5.13 % | 5.13 % | 0.00 % | 5.13 % | 5.13 % | 5.13 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 5.13 % | 0.00 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % | 5.13 % |
| DIIs | 4.45 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.45 % | 4.45 % | 0.00 % | 4.45 % | 3.27 % | 3.27 % | 3.27 % | 3.27 % | 3.27 % | 3.15 % | 3.15 % | 3.15 % | 3.15 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 45.88 % | 45.90 % | 45.90 % | 45.90 % | 45.90 % | 45.89 % | 45.89 % | 45.87 % | 45.87 % | 45.89 % | 45.88 % | 45.88 % | 46.21 % | 45.87 % | 46.72 % | 46.72 % | 46.72 % | 46.71 % | 46.71 % | 46.83 % | 46.66 % | 46.66 % | 46.66 % |
| Others | 11.26 % | 10.56 % | 10.56 % | 15.69 % | 10.56 % | 10.57 % | 10.57 % | 15.71 % | 15.72 % | 15.70 % | 11.26 % | 6.14 % | 15.37 % | 6.14 % | 6.47 % | 6.15 % | 6.15 % | 6.16 % | 6.16 % | 6.16 % | 6.33 % | 6.33 % | 6.33 % |
| No of Share Holders | 4,495 | 4,515 | 4,515 | 4,521 | 4,521 | 4,519 | 4,514 | 4,512 | 4,509 | 4,503 | 4,495 | 4,487 | 4,479 | 4,478 | 4,472 | 4,468 | 4,467 | 4,461 | 4,462 | 4,462 | 4,461 | 4,453 | 4,453 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Sept 2024 |  Annual General Meeting | NA | 20 Sept 2024 | 8.06 | 8.06 |
| 06 Nov 2024 |  Quarterly Result Announcement | NA | 06 Nov 2024 | 8.46 | 8.46 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 9.32 | 9.32 |
| 23 May 2025 | Quarterly Result Announcement | NA | 23 May 2025 | 10.77 | 10.77 |
| 31 Jul 2025 | Quarterly Result Announcement | NA | 31 Jul 2025 | 10.77 | 10.77 |
| 24 Sept 2025 | Annual General Meeting | NA | 24 Sept 2025 | 10.77 | 11.86 |
| 24 Oct 2025 | Quarterly Result Announcement | NA | 24 Oct 2025 | 11.86 | 11.86 |
| 03 Feb 2026 | Quarterly Result Announcement | NA | 03 Feb 2026 | 13.07 | 13.07 |
| 13 Mar 2026 |  Extraordinary General Meeting | NA | 13 Mar 2026 | 13.07 | 14.40 |
Announcements
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 21, 2026
Apr 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 15, 2026
Apr 15, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 03, 2026
Apr 03, 2026Closure of Trading WindowMar 26, 2026
Mar 26, 2026Announcement under Regulation 30 (LODR)-Scheme of ArrangementMar 23, 2026
Mar 23, 2026Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMar 17, 2026
Mar 17, 2026Announcement under Regulation 30 (LODR)-Scheme of ArrangementMar 13, 2026
Mar 13, 2026Shareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingMar 13, 2026
Mar 13, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 10, 2026
Feb 10, 2026Court Convened Equity Shareholders Meeting On 13Th March 2026 At 10.00 A.M.Feb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Scheme of ArrangementFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Scheme of ArrangementFeb 05, 2026
Feb 05, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 04, 2026
Feb 04, 2026Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2025Feb 03, 2026
Feb 03, 2026Board Meeting Outcome for Approving The Unaudited Financial Results For The Quarter And Nine Months Ended 31St December 2025Feb 03, 2026
Feb 03, 2026Outcome Of Board MeetingFeb 03, 2026
Feb 03, 2026Board Meeting Intimation for The Quarter And Nine Months Ended 31St December 2025Jan 27, 2026
Jan 27, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2026
Jan 08, 2026Closure of Trading WindowDec 29, 2025
Dec 29, 2025Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - Filing Of Application (Form NCLT -1) With The HonBle National Company Law Tribunal.Dec 05, 2025
Dec 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 25, 2025
Oct 25, 2025Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30 September 2025Oct 24, 2025
Oct 24, 2025Board Meeting Outcome for Outcome Of Board MeetingOct 24, 2025
Oct 24, 2025Board Meeting Outcome Approving The Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025Oct 24, 2025
Oct 24, 2025Board Meeting Intimation for The Quarter And Half Year Ended 30 September 2025Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementOct 15, 2025
Oct 15, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Oct 07, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 30, 2025
Aug 30, 2025Reg. 34 (1) Annual Report.Aug 29, 2025
Aug 29, 2025Notice Of The 75Th Annual General Meeting Of The Company To Be Held On Wednesday 24Th September 2025 At 02.30 PM (IST)Aug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025The 75Th Annual General Meeting (AGM) Of The Company Is Scheduled To Be Held On Wednesday 24Th September 2025 At 02.30 PM Through Video Conferencing (VC)/ Other Audio- Visual Means (OAVM).Aug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 31, 2025
Jul 31, 2025Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 31, 2025
Jul 31, 2025Board Meeting Outcome for Approval Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2025Jul 31, 2025
Jul 31, 2025Board Meeting Outcome For Unaudited Financial Results For The Quarter Ended 30Th June 2025Jul 31, 2025
Jul 31, 2025Board Meeting Intimation for The Quarter Ended 30Th June 2025Jul 25, 2025
Jul 25, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Jul 07, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Intimation Of Receipt Of Approval For Reclassification Of Promoters Under Regulation 31A Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
Jun 18, 2025
Jun 18, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 24, 2025
May 24, 2025Integrated Filing (Financial)May 23, 2025
May 23, 2025Audited Financial Results For The Quarter And Year Ended 31St March 2025May 23, 2025
May 23, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 23, 2025
May 23, 2025Board Meeting Outcome For Audited Financial Results For The Quarter And Year Ended 31St March 2025May 23, 2025
May 23, 2025Technical Indicators
RSI(14)
Overbought 100.00
ATR(14)
Less Volatile 0.41
STOCH(9,6)
Overbought 100.00
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bullish 0.64
ADX(14)
Extremely Strong Trend 100.00
UO(9)
Bearish 100.00
ROC(12)
Uptrend And Accelerating 70.21
WillR(14)
Overbought 0.00
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