TPI India
Industrial Products
500421 BSE
₹12.45
Close ·
- P/E
- 17.79
Close 4 Nov 2026 ₹12.45 −2.92 −19.0% 1Y
Start ₹15.37
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 92.10%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- ₹0.70
- Book Value
- −₹2.72
- Market Cap
- —
- P/E (TTM)
- 17.79
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- ₹4.40 Cr
- 52W High
- ₹27.01
- 52W Low
- ₹10.80
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
42 Weak
Data confidence 93/100
Category scores
- Quality
- 44
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 52
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 27
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 23
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 16
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
2- Debtor days have increased from 35.4 to 46.8 days.
- Promoter holding has decreased over last 3 years: -34.8%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 13 | 4 | 2 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
3
Neutral
4
Bullish
2
Overall
Strong Bearish
Bearish
13
Neutral
4
Bullish
2
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 32.33
- Neutral
- MACD (12,26,9)
- −1.70
- Bearish
- SMA (50)
- 17.47
- Bearish
- SMA (200)
- 17.22
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −0.25% |
|---|---|
| 5Y | +13.15% |
| 3Y | +16.87% |
| 1Y | +12.66% |
| TTM | +16.68% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | −46.10% |
| 1Y | +611.43% |
| TTM | +564.44% |
Operating cash flow
| 10Y | −0.39% |
|---|---|
| 5Y | +12.80% |
| 3Y | −50.88% |
| 1Y | +43.18% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +4.77 pp |
|---|---|
| 5Y | +19.09 pp |
| 3Y | +8.85 pp |
| 1Y | +4.31 pp |
| TTM | +4.72 pp |
Revenue by year
| Mar 2017 | ₹40.56 Cr |
|---|---|
| Mar 2018 | ₹27.46 Cr |
| Mar 2019 | ₹22.79 Cr |
| Mar 2020 | ₹16.75 Cr |
| Mar 2021 | ₹18.33 Cr |
| Mar 2022 | ₹22.81 Cr |
| Mar 2023 | ₹21.30 Cr |
| Mar 2024 | ₹23.75 Cr |
| Mar 2025 | ₹30.18 Cr |
| Mar 2026 | ₹34.00 Cr |
Net profit by year
| Mar 2017 | −₹6.21 Cr |
|---|---|
| Mar 2018 | −₹4.37 Cr |
| Mar 2019 | −₹8.47 Cr |
| Mar 2020 | −₹2.98 Cr |
| Mar 2021 | −₹2.33 Cr |
| Mar 2022 | −₹0.97 Cr |
| Mar 2023 | ₹15.90 Cr |
| Mar 2024 | ₹0.46 Cr |
| Mar 2025 | ₹0.35 Cr |
| Mar 2026 | ₹2.49 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.23 | 5.32 | 6.07 | 7.12 | 6.27 | 7.63 | 8.19 | 8.09 | 6.84 | 8.93 | 8.39 | 9.85 | 8.71 |
| Expenses | 4.9 | 5.51 | 6.04 | 7.09 | 6.05 | 7 | 7.48 | 7.34 | 6.49 | 8.25 | 7.45 | 7.73 | 7.91 |
| Operating Profit | 0.33 | −0.19 | 0.03 | 0.03 | 0.22 | 0.63 | 0.71 | 0.75 | 0.35 | 0.68 | 0.94 | 2.12 | 0.8 |
| OPM % | 6.31% | −3.57% | 0.49% | 0.42% | 3.51% | 8.26% | 8.67% | 9.27% | 5.12% | 7.61% | 11.2% | 21.52% | 9.18% |
| Other Income | 2.08 | 0 | −0.04 | 0.21 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.26 | 0 |
| Interest | 0.35 | 0.37 | 0.39 | 0.44 | 0.28 | 0.32 | 0.37 | 0.36 | 0.33 | 0.32 | 0.29 | 0.24 | 0.27 |
| Depreciation | 0.06 | 0.06 | 0.07 | 0.09 | 0.15 | 0.16 | 0.17 | 0.16 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 |
| PBT | 2 | −0.62 | −0.47 | −0.29 | −0.21 | 0.15 | 0.17 | 0.24 | −0.1 | 0.22 | 0.52 | 2 | 0.39 |
| Tax % | 21.5% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6.5% | 0% |
| Net Profit | 1.57 | −0.62 | −0.47 | −0.29 | −0.21 | 0.15 | 0.17 | 0.24 | −0.11 | 0.22 | 0.51 | 1.87 | 0.39 |
| EPS (₹) | 0.37 | −0.14 | −0.11 | −0.07 | −0.05 | 0.03 | 0.04 | 0.06 | −0.03 | 0.05 | 0.12 | 0.44 | 0.09 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31.88 | 34.86 | 40.56 | 27.46 | 22.79 | 16.75 | 18.33 | 22.81 | 21.3 | 23.75 | 30.18 | 34 | 35.88 |
| Expenses | 28.33 | 32.34 | 45.38 | 30.18 | 29.89 | 18.48 | 19.63 | 22.95 | 20.63 | 23.44 | 27.86 | 29.92 | 31.34 |
| Operating Profit | 3.55 | 2.52 | −4.82 | −2.72 | −7.1 | −1.73 | −1.3 | −0.14 | 0.67 | 0.31 | 2.32 | 4.08 | 4.54 |
| OPM % | 11.14% | 7.23% | −11.88% | −9.91% | −31.15% | −10.33% | −7.09% | −0.61% | 3.15% | 1.31% | 7.69% | 12% | 12.65% |
| Other Income | 0.03 | 0.33 | 0.06 | 0.1 | 0.02 | 0.01 | 0.06 | 0.09 | 16.28 | 1.98 | 0.01 | 0.28 | 0.27 |
| Interest | 2.69 | 3.67 | 1.05 | 1.03 | 0.71 | 0.6 | 0.64 | 0.66 | 0.82 | 1.55 | 1.33 | 1.18 | 1.12 |
| Depreciation | 0.61 | 0.64 | 0.4 | 0.72 | 0.68 | 0.66 | 0.45 | 0.26 | 0.23 | 0.28 | 0.65 | 0.55 | 0.56 |
| PBT | 0.28 | −1.46 | −6.21 | −4.37 | −8.47 | −2.98 | −2.33 | −0.97 | 15.9 | 0.46 | 0.35 | 2.63 | 3.13 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.94% | — |
| Net Profit | 0.28 | −1.46 | −6.21 | −4.37 | −8.47 | −2.98 | −2.33 | −0.97 | 15.9 | 0.46 | 0.35 | 2.49 | 2.99 |
| EPS (₹) | 0.07 | −0.34 | −1.45 | −1.02 | −1.97 | −0.69 | −0.54 | −0.23 | 3.7 | 0.11 | 0.08 | 0.58 | 0.7 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 |
| Reserves | −7.26 | −8.72 | −16.08 | −20.45 | −28.93 | −31.91 | −34.24 | −35.21 | −19.31 | −18.85 | −18.49 | −16 |
| Borrowings | 25.45 | 27.36 | 26.45 | 22.71 | 22.12 | 22.01 | 22.23 | 22.34 | 12.54 | 15.49 | 16.66 | 17.5 |
| Other Liabilities | 2.04 | 3.81 | 9.17 | 12.4 | 13.09 | 13.6 | 16.54 | 16.36 | 9.35 | 7.94 | 6.86 | 6.81 |
| Total Liabilities | 24.53 | 26.75 | 23.84 | 18.96 | 10.58 | 8 | 8.83 | 7.79 | 6.88 | 8.88 | 9.33 | 12.61 |
| Fixed Assets | 5.87 | 5.64 | 5.49 | 4.84 | 4.16 | 3.5 | 3.15 | 2.93 | 2.76 | 3.76 | 3.32 | 3.37 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 |
| Investments | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.1 |
| Other Assets | 18.59 | 21.04 | 18.28 | 14.05 | 6.35 | 4.42 | 5.59 | 4.77 | 4.03 | 5.03 | 5.92 | 9.1 |
| Total Assets | 24.53 | 26.75 | 23.84 | 18.96 | 10.58 | 8 | 8.83 | 7.79 | 6.88 | 8.88 | 9.33 | 12.61 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −1.36 | 1.31 | 3.68 | −0.53 | 1.33 | 0.68 | 0.69 | 1.25 | 10.63 | −2.51 | 0.88 | 1.26 |
| Investing | 0.49 | −0.69 | −0.22 | 0.03 | 0.03 | 0 | −0.09 | −0.03 | −0.07 | 0.85 | −0.2 | −0.65 |
| Financing | 1.56 | −0.7 | −3.46 | −0.24 | −1.26 | −0.76 | −0.63 | −1.25 | −10.58 | 1.72 | −0.71 | −0.08 |
| Net Cash Flow | 0.69 | −0.08 | 0.01 | −0.74 | 0.1 | −0.09 | −0.03 | −0.03 | −0.01 | 0.06 | −0.03 | 0.53 |
| Free Cash Flow | −0.87 | 0.62 | 3.42 | −0.59 | 1.33 | 0.68 | 0.59 | 1.21 | 10.56 | −1.66 | 0.68 | 0.62 |
| CFO/EBITDA | −38 | 52 | −76 | 19 | −19 | −39 | −53 | −893 | 1,587 | −810 | 38 | 31 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 128 | 102 | 101 | 42.92 | 23.97 | 32.86 | 31.52 | 26.56 | 27.66 | 31.69 | 46.81 |
| Inventory Days | 86.25 | 82.54 | 55.39 | 62.69 | 42.4 | 50.11 | 64.43 | 49.09 | 50.69 | 59.45 | 46.3 | 59.87 |
| Days Payable | 21.81 | 32.64 | 64 | 67.85 | 95.94 | 153 | 45.81 | 33.35 | 49.94 | 37.1 | 62.14 | 71.11 |
| Cash Conversion Cycle | 165 | 178 | 93.17 | 96 | −10.62 | −79.26 | 51.47 | 47.26 | 27.31 | 50.01 | 15.85 | 35.57 |
| Working Capital Days | 61.71 | 88.16 | −163 | −282 | −467 | −657 | −623 | −515 | −148 | −90.67 | −131 | −93.61 |
| ROCE % | 14.56% | 9.73% | −27.44% | −31.46% | −383.21% | — | — | — | — | — | 99.12% | 92.14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view TPI insights
48 extracted metrics across FY15–FY27.
Documents
- General announcements 10 Oct 2026
Frequently Asked Questions about TPI India
What does TPI India Ltd do?
Incorporated in 1982, TPI India Ltd manufactures Polymer based packing products
Where is TPI India Ltd (TPINDIA) listed?
TPI India Ltd trades under code 500421 on the BSE.
Which sector does TPI India Ltd belong to?
TPI India Ltd is classified under the Industrial Products sector, in the Packaging industry.
What is the PE ratio of TPI India Ltd?
TPI India Ltd trades at a PE ratio of 17.79 as of 4 Nov 2026, on earnings per share of ₹0.7, against a book value of ₹-2.72 per share.
What is the 52-week high and low of TPI India Ltd?
Over the last 52 weeks TPI India Ltd has traded between ₹10.8 and ₹27.01 as of 4 Nov 2026.
Company Information
Incorporated in 1982, TPI India Ltd manufactures Polymer based packing products
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