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Neuland Laboratories

Neuland Laboratories

NSE: NEULANDLABBSE 524558Healthcarewww.neulandlabs.com
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17,198.00
225.00+1.33%
DAY16,981
₹17,198.00
17,400
Open17,122.00
Prev Close16,973.00
Bid17,197.14100
Ask17,198.86100
Volume35.2K18%vs 20D avg
Market Cap₹22,067.41 Cr
Promoter Hold.32.6%
Face Value₹10
Fwd P/E37.57
PEG
EV/EBITDA35.95
P/S36.43
ROA
Beta
Div Payout4.23%
Valuation

Neuland Laboratories Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Neuland Laboratories Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Neuland Laboratories Ltd trades at a P/E of 60.67× and P/B of 11.77×.

Key MetricsLive · as of 12 Jun 2026
the price tag

Valuation

Market Cap
₹22,067.41 Cr
P/E Ratio
watch60.67
P/B Ratio
watch11.77
EPS
283.45
the engine

Profitability

ROE
%
ROCE
good18.7%
Net Margin
good17.99%
Op Margin
good23.86%
the trajectory

Growth

EPS YoY
good664.4%
Revenue YoY
good136.4%
Qtr Sales
watch-33.4%
Qtr Profit
watch-83.1%
the balance sheet

Financial Health

Debt / Equity
watch16.07
Book Value
1,460.92
Div Yield
avg0.2%
Promoter Hold.
avg32.6%
Financials

Neuland Laboratories Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Neuland Laboratories Ltd, switchable between annual and quarterly views, consolidated or standalone.

Neuland Laboratories Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹22,067.41 Cr and reported EPS of ₹283.45.

Period20192020202120222023202420252026
Revenue from Operations
667
763
937
951
1,191
1,559
1,477
2,023
Other Income
3
4
16
2
10
13
21
30
Total Income
670
767
953
953
1,201
1,571
1,497
2,053
Cost of Goods Sold (COGS)
366
380
438
422
478
577
588
756
Gross Profit
301
383
499
529
713
981
889
1,267
+Operating Expenses
242
281
352
386
441
519
566
693
EBITDA
58
102
147
143
272
463
323
574
+Non-Operating Expenses
42
53
58
63
66
74
150
116
Profit Before Tax (PBT)
20
53
105
82
216
401
346
489
+Tax Expense
4
37
25
18
52
101
86
125
Profit After Tax (PAT)
16
16
81
64
164
300
260
364
Earnings Per Share (EPS)
12.82
12.63
62.85
49.74
127.45
233.89
202.74
283.71
Diluted Shares Outstanding (Nos.)
1
1
1
1
1
1
1
1
+Additional Disclosures
1,017
1,093
1,285
1,287
1,460
1,748
1,815
2,321
Sales Growth %
14.38
22.84
1.51
25.25
30.84
-5.24
36.98
YoY Sales Growth %
14.38
22.84
1.51
25.25
30.84
-5.24
36.98
Material Cost %
54
51
47
46
41
41
39
41
Employee Cost %
17
16
16
19
17
16
18
17
Other Cost %
20
21
22
21
20
17
20
17
OPM %
9
13
16
15
23
30
22
28
Tax %
19
69
23
22
24
25
25
26
Profit Growth %
-1.41
397.40
-20.85
156.21
83.51
-13.32
39.94
Gross Margin %
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
EBITDA Margin %
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Interest Coverage Ratio
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Additional Fields
33
71
107
94
219
403
258
483
all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

Neuland Laboratories segment analysis: revenue and profit mix.

Disclosed business segments at Neuland Laboratories with their share of revenue and profit, switchable between consolidated and standalone reporting.

Neuland Laboratories discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Investment Thesis

Neuland Laboratories Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Neuland Laboratories Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Neuland Laboratories Ltd's investment case rests on 7 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • Strong Returns. ROE of 14.8% and ROCE of 18.7% indicate efficient capital utilization and strong operational efficiency, reflecting the company's ability to generate profits from shareholder funds and overall capital.

  • Healthy Operating Margin. An Operating Profit Margin (OPM) of 17.6% suggests robust core business profitability and effective cost management, which is crucial for sustained financial health and competitive advantage.

  • Low Debt-to-Equity. A very low debt-to-equity ratio of 0.10 highlights a conservative financial structure, significantly reducing financial risk and providing flexibility for future investments or economic downturns.

  • Significant Promoter Holding. Promoters hold a substantial 32.6% stake, indicating strong management commitment and alignment with shareholder interests, fostering confidence in the company's long-term strategic direction.

  • Institutional investor confidence is evident with FII holdings rising from 17.39% in June 2022 to 20.60% by September 2025, alongside DII holdings increasing from 6.45% to 13.55% in the same period.

bear case

What can break it.

  • High P/E Ratio. The company's high P/E ratio of 150.00 suggests a premium valuation compared to its earnings, potentially indicating overvaluation and increasing the risk of future price corrections for investors.

  • Sharp Quarterly Profit Decline. A significant 83.1% decline in recent quarterly profit raises serious concerns about earnings stability and sustainability, requiring close monitoring of underlying operational challenges.

  • Substantial Stock Volatility. The stock has shown significant volatility, trading between a high of ₹18100 and a low of ₹10060, exposing investors to considerable price risk and demanding a higher risk tolerance.

  • Declining Promoter Holdings. Promoter holdings have decreased from 36.22% in June 2022 to 32.64% by September 2025, which could signal a lack of confidence or strategic shifts, warranting further investigation.

  • Quarterly Sales Contraction. A notable 33.4% decline in quarterly sales indicates potential demand weakness or competitive pressures, impacting revenue growth and overall market position.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 79. The valuation cushion thins from there.

  • Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 16.57. Balance sheet risk re-prices growth multiples fast.

  • Income thesis breaks if the dividend is cut or yield falls below 0.10%.

Shareholding

Neuland shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Neuland — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Neuland Laboratories Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Neuland Laboratories Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Sun Pharmaceutical Industries Ltd
₹4.34 Lakh Cr
Best Profit Growth
Biofil Chemicals & Pharmaceuticals Ltd
1318.00 %
Highest Dividend Yield
Sanofi India Ltd
7.63 %

Peer Comparison

Company Name
AAREYDRUGS
Aarey Drugs & Pharmaceuticals Ltd
AARTIDRUGS
Aarti Drugs Ltd
AARTIPHARM
Aarti Pharmalabs Ltd
AJANTPHARM
Ajanta Pharma Ltd
AKUMS
Akums Drugs & Pharmaceuticals Ltd
ALBERTDAVD
Albert David Ltd
ALIVUS
Alivus Life Sciences Ltd
ALKEM
Alkem Laboratories Ltd
ALPA
Alpa Laboratories Ltd
AMRUTANJAN
Amrutanjan Health Care Ltd
APLLTD
Alembic Pharmaceuticals Ltd
ASTRAZEN
Astrazeneca Pharma India Ltd
AUROPHARMA
Aurobindo Pharma Ltd
BAFNAPH
Bafna Pharmaceuticals Ltd
BAJAJHCARE
Bajaj Healthcare Ltd
BALPHARMA
Bal Pharma Ltd
BIOCON
Biocon Ltd
BIOFILCHEM
Biofil Chemicals & Pharmaceuticals Ltd
BLISSGVS
Bliss GVS Pharma Ltd
BLUEJET
Blue Jet Healthcare Ltd
BROOKS
Brooks Laboratories Ltd
CAPLIPOINT
Caplin Point Laboratories Ltd
CIPLA
Cipla Ltd
COHANCE
Cohance Lifesciences Ltd
CONCORDBIO
Concord Biotech Ltd
DCAL
Dishman Carbogen Amcis Ltd
DIVISLAB
Divis Laboratories Ltd
DRREDDY
Dr Reddys Laboratories Ltd
EMCURE
Emcure Pharmaceuticals Ltd
ERIS
ERIS Lifesciences Ltd
FDC
FDC Ltd
GLAND
Gland Pharma Ltd
GLAXO
Glaxosmithkline Pharmaceuticals Ltd
GLENMARK
Glenmark Pharmaceuticals Ltd
GRANULES
Granules India Ltd
GUFICBIO
Gufic BioSciences Ltd
HALEOSLABS
Haleos Labs Limited
HESTERBIO
Hester Biosciences Ltd
HIKAL
Hikal Ltd
INDOCO
Indoco Remedies Ltd
INDSWFTLAB
Ind-Swift Laboratories Ltd
INNOVACAP
Innova Captab Ltd
IOLCP
IOL Chemicals & Pharmaceuticals Ltd
IPCALAB
Ipca Laboratories Ltd
JAGSNPHARM
Jagsonpal Pharmaceuticals Ltd
JBCHEPHARM
J B Chemicals & Pharmaceuticals Ltd
JUBLPHARMA
Jubilant Pharmova Ltd
KILITCH
Kilitch Drugs (India) Ltd
KOPRAN
Kopran Ltd
KREBSBIO
Krebs Biochemicals & Industries Ltd
LASA
Lasa Supergenerics Ltd
LAURUSLABS
Laurus Labs Ltd
LINCOLN
Lincoln Pharmaceuticals Ltd
LUPIN
Lupin Ltd
LYKALABS
Lyka Labs Ltd
MANGALAM
Mangalam Drugs and Organics Ltd
MANKIND
Mankind Pharma Ltd
MARKSANS
Marksans Pharma Ltd
MEDICAMEQ
Medicamen Biotech Ltd
MEDICO
Medico Remedies Ltd
MOREPENLAB
Morepen Laboratories Ltd
NATCOPHARM
Natco Pharma Ltd
NECLIFE
Nectar Lifescience Ltd
NEULANDLAB
Neuland Laboratories LtdCurrent Stock
NGLFINE
NGL Fine Chem Ltd
ONESOURCE
OneSource Specialty Pharma Ltd
ORCHPHARMA
Orchid Pharma Ltd
ORTINGLOBE
Ortin Global Ltd
PANACEABIO
Panacea Biotec Ltd
PFIZER
Pfizer Ltd
PGHL
Procter & Gamble Health Ltd
PPLPHARMA
Piramal Pharma Ltd
RPGLIFE
RPG Life Sciences Ltd
SAILIFE
Sai Life Sciences Ltd
SANOFI
Sanofi India Ltd
SANOFICONR
Sanofi Consumer Healthcare India Ltd
SENORES
Senores Pharmaceuticals Ltd
SHILPAMED
Shilpa Medicare Ltd
SIGACHI
Sigachi Industries Ltd
SMSPHARMA
SMS Pharmaceuticals Ltd
SOLARA
Solara Active Pharma Sciences Ltd
SPARC
Sun Pharma Advanced Research Company Ltd
STAR
Strides Pharma Science Ltd
SUNPHARMA
Sun Pharmaceutical Industries Ltd
SUPRIYA
Supriya Lifescience Ltd
SYNCOMF
Syncom Formulations (India) Ltd
THEMISMED
Themis Medicare Ltd
TORNTPHARM
Torrent Pharmaceuticals Ltd
UNICHEMLAB
Unichem Laboratories Ltd
VALIANTLAB
Valiant Laboratories Ltd
VENUSREM
Venus Remedies Ltd
VINEETLAB
Vineet Laboratories Ltd
VIYASH
Viyash Scientific Ltd
WANBURY
Wanbury Ltd
WINDLAS
Windlas Biotech Ltd
WOCKPHARMA
Wockhardt Ltd
ZIMLAB
Zim Laboratories Ltd
ZYDUSLIFE
Zydus Lifesciences Ltd
Technicals

Neuland Laboratories Ltd technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Neuland Laboratories Ltd — derived from the live tape, not yesterday's close.

Neuland Laboratories Ltd last traded at ₹17,198 with an intraday range of ₹16,981–₹17,400 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹17198.00
LevelPrice (₹)Distance% Δ
R418243.00+1045.00+6.08%
R317824.00+626.00+3.64%
R217612.00+414.00+2.41%
R117405.00+207.00+1.20%
PIVOT17193.00-5.00-0.03%
CURRENT17198.00
S116148.00-1050.00-6.11%
S216567.00-631.00-3.67%
S316774.00-424.00-2.47%
S416986.00-212.00-1.23%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 17190.50P: 17193.00TC: 17195.50
R1
R2
R3
R4
indicator
LTP: 17198.00
PDH: 17239.00
PDL: 16711.00
● Market Sentiment

NEULANDLAB is trading Above CPR, indicating Bullishness

● CPR Width

CPR is Narrower, suggesting likely for trending moves

● Opening Range

Day's range: 17100 ~ 17307

● Price Position

Trading Inside opening range

Delivery & Volume

Neuland Laboratories Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Neuland Laboratories Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Neuland Laboratories Ltd stood at 47.6% of traded volume, against a 20-day average of 42.1%.

Avg Delivery (20D)42.1%+5.5 ppt latest vs avg
Highest Delivery55.6%on 11 Jun
Avg Volume (20D)43.0 K20-day run-rate
Conviction Trend↑ Strengthening+5.5 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

Neuland Laboratories announcements: results, concalls, ratings, M&A.

Filings Neuland Laboratories sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Neuland Laboratories files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 145 documents below.

  1. 05 Jun 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Intimation about Schedule of Analyst / Institutional Investor Meeting on June 11, 2026

  2. 03 Jun 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Intimation about Schedule of Analyst / Institutional Investor Meeting on June 8 & 9, 2026

  3. 22 May 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Neuland Laboratories Limited has informed the Exchange about Schedule of meet on May 28, 2026

  4. 16 May 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Transcript of the Earnings Call conducted on May 12, 2026

  5. 15 May 2026Copy of Newspaper PublicationView PDF

    Copy of Newspaper Publication

    Neuland Laboratories Limited has informed the Exchange about Copy of Newspaper Publication

Insider Activity

Neuland Laboratories insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in Neuland Laboratories as reported to SEBI — buying and selling signals from the people who know the business best.

Neuland Laboratories insider activity below tracks 10 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Davuluri Saharsh RaoInsider25 Mar 2026buy+96.0 K₹116.12 Cr₹12,096.00
Davuluri Saharsh RaoInsider25 Mar 2026buy+96.0 K₹116.12 Cr₹12,096.00
Davuluri Saharsh RaoInsider04 Mar 2026buy+12.5 K
Deepthi DavuluriInsider04 Mar 2026buy+12.5 K
Davuluri Ownership TrustInsider28 Feb 2025buy+79.5 K
Saharsh Rao DavuluriInsider28 Feb 2025sell79.5 K
Sucheth Rao DavuluriInsider25 Feb 2025sell79.6 K
Davuluri Ownership TrustInsider25 Feb 2025buy+32.54 L
Davuluri Vijaya RaoInsider24 Feb 2025sell6.08 L
Davuluri Ramamohan RaoInsider24 Feb 2025sell25.66 L
Corporate Actions

Neuland Laboratories dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Neuland Laboratories has declared, sequenced by announce and record date.

Neuland Laboratories corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Neuland Laboratories Ltd: business, sector, key facts.

What Neuland Laboratories Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Neuland Laboratories Ltd operates in the Healthcare, listed as NSE: NEULANDLAB, BSE: 524558.

NEULANDLAB
Healthcare

Neuland Laboratories Ltd

NSE · NEULANDLAB·BSE · 524558·www.neulandlabs.com

Neuland Laboratories Limited is a global manufacturer and supplier of active pharmaceutical ingredients (APIs). Its primary business centers around the production and distribution of these essential components used in the creation of pharmaceutical drugs. The company serves a broad international market, with operations spanning India, Europe, the United States, and other countries around the world, signifying a significant global reach and established distribution network.

A key aspect of Neuland Laboratories' business model is its provision of custom manufacturing solutions. This service allows pharmaceutical companies to outsource the production of specific APIs tailored to their unique needs and formulations. This approach offers flexibility and scalability to clients, enabling them to focus on research, development, and marketing while leveraging Neuland's manufacturing expertise and infrastructure.

Further enhancing its service portfolio, Neuland Laboratories offers specialized peptide synthesis services. Peptides are short chains of amino acids that play crucial roles in various biological processes, making them important components in a range of therapeutic applications. The company's proficiency in this area demonstrates a commitment to advanced pharmaceutical technologies and a capability to cater to the increasing demand for complex pharmaceutical molecules.

Established in 1984 and headquartered in Hyderabad, India, Neuland Laboratories has a long history in the pharmaceutical industry. This long-standing presence suggests experience in navigating regulatory landscapes, managing complex production processes, and building strong relationships with clients and regulatory bodies across different global markets. The company’s sustained operation and global footprint highlight its ability to adapt and thrive in a dynamic and competitive industry.

company facts
Founded / IPO
Employees
SectorHealthcare
HeadquartersHyderabad, India
Market Cap₹22,067.41 Cr
Listed OnNSE
leadership24 on record
Dr. Christopher Cimarusti
Non-Executive Non-Independent Director
Dr. Davuluri Rama Mohan Rao
Executive Chairman & Chief Promoter and Member of Scientific Advisory Board
Dr. Davuluri Rao
Executive Chairman of the Board
Dr. Nirmala Murthy
Non-Executive Independent Director
Dr. Sharadsrikar Kotturi
Chief Scientific Officer
Dr. Sharadsrikar Venkatesan Kotturi
Chief Scientific Officer & Member of Scientific Advisory Board
Mr. Abhijit Majumdar
Chief Financial Officer
Mr. Abhijit Majumdar
Chief Financial Officer
Mr. Ajitabh Singh
Chief Information Officer
Mr. Ashutosh Sinha
Chief Quality Officer
Mr. Davuluri Rao
Chief Executive Officer, Whole Time Vice Chairman of the Board
Mr. Davuluri Rao
Whole Time Vice Chairman of the Board, Joint Managing Director
§ ∞ · Plainly Answered

Questions investors ask about Neuland Laboratories Ltd (NEULANDLAB).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Neuland Laboratories Ltd (NEULANDLAB)?

The current share price of Neuland Laboratories Ltd (NEULANDLAB) is ₹17,198. Today, the stock has gained by ₹225.00 (1.33%), trading in a range of ₹16,981 to ₹17,400. The stock opened at ₹17,122 with a trading volume of 35,209 shares.

02Is Neuland Laboratories Ltd stock a good investment for long-term?

Neuland Laboratories Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹22,067.41 crores, P/E ratio of 60.67, ROE of 0.00%, and ROCE of 18.70%. The dividend yield stands at 0.20%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Neuland Laboratories Ltd stock?

The 52-week high price of Neuland Laboratories Ltd (NEULANDLAB) is ₹0, while the 52-week low is ₹0. Currently trading at ₹17,198, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Neuland Laboratories Ltd stock at the current price?

Whether to buy Neuland Laboratories Ltd stock at ₹17,198 depends on multiple factors. The stock is currently trading with a P/E ratio of 60.67 and P/B ratio of 11.77. Today's performance shows a gain of 1.33%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of Neuland Laboratories Ltd and when is the next dividend?

Neuland Laboratories Ltd offers a dividend yield of 0.20%, which means for every ₹100 invested at the current price of ₹17,198, you can expect to receive approximately ₹0.20 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Neuland Laboratories Ltd?

Neuland Laboratories Ltd's key financial metrics include: P/E Ratio: 60.67, P/B Ratio: 11.77, ROE: 0.00%, ROCE: 18.70%, Dividend Yield: 0.20%, EPS: ₹283.45, Book Value: ₹1,460.92, and Debt-to-Equity: 16.07. The company's market cap stands at ₹22,067.41 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Neuland Laboratories Ltd stock performing today in the market?

Neuland Laboratories Ltd stock opened at ₹17,122 and is currently trading at ₹17,198, showing a gain of ₹225.00 (1.33%). The intraday high is ₹17,400 and low is ₹16,981. The trading volume stands at 35,209 shares, indicating moderate market participation today.

08What is the P/E ratio of Neuland Laboratories Ltd and what does it indicate?

Neuland Laboratories Ltd has a Price-to-Earnings (P/E) ratio of 60.67, which means investors are willing to pay ₹60.67 for every ₹1 of earnings. With an EPS of ₹283.45, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about Neuland Laboratories Ltd (NEULANDLAB) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.