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Tanfac Industries

506854 BSE
₹3,496.70 +48.85 (+1.42%)
P/E
104.85
View as Markdown
MCP
Close 4 Nov 2026 ₹3,496.70 +1,468.30 +72.4% 1Y
Start ₹2,028.40

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
23.90%
Debt to Equity
0.25
EPS (TTM)
₹33.35
Book Value
₹334.01
Market Cap
—
P/E (TTM)
104.85
P/B
10.47
ROE
20.30%
Dividend Yield
0.13%
EBITDA
₹114 Cr
52W High
₹3,648.00
52W Low
₹1,632.60
Day Range
₹3,383.00 – ₹3,518.80
Volume
13,235

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

59 Good

Data confidence 100/100

Category scores

Quality
62
Good
Returns, margins, earnings quality 22% weight
Valuation
38
Weak
Cheap vs sector & own history 24% weight
Growth
73
Strong
Sales & profit trajectory 9% weight
Financial Health
90
Strong
Solvency, leverage, coverage 9% weight
Momentum
94
Strong
Trend strength, vol-adjusted 12% weight
Ownership
42
Weak
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

Strengths

3
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • Company's median sales growth is 22.4% of last 10 years
  • Company's working capital requirements have reduced from 51.6 days to 34.2 days

Weaknesses

1
  • Stock is trading at 17.6 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1711
OscillatorsNeutral171
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
57.48
Neutral
MACD (12,26,9)
43.95
Bullish
SMA (50)
3,335.24
Bullish
SMA (200)
2,566.46
Bullish

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

Revenue growth by window
10Y+18.25%
5Y+36.87%
3Y+23.77%
1Y+27.65%
TTM+13.17%

Net profit

Net profit growth by window
10YZero base
5Y+32.72%
3Y+7.72%
1Y−20.45%
TTM−29.17%

Operating cash flow

Operating cash flow growth by window
10Y+10.39%
5Y+3.05%
3Y0.00%
1Y+30.30%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+9.26 pp
5Y−6.27 pp
3Y−4.24 pp
1Y−7.49 pp
TTM−6.75 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹126 Cr
Mar 2018₹162 Cr
Mar 2019₹222 Cr
Mar 2020₹165 Cr
Mar 2021₹148 Cr
Mar 2022₹320 Cr
Mar 2023₹375 Cr
Mar 2024₹378 Cr
Mar 2025₹557 Cr
Mar 2026₹711 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹3.00 Cr
Mar 2018₹10.00 Cr
Mar 2019₹36.00 Cr
Mar 2020₹17.00 Cr
Mar 2021₹17.00 Cr
Mar 2022₹53.00 Cr
Mar 2023₹56.00 Cr
Mar 2024₹52.00 Cr
Mar 2025₹88.00 Cr
Mar 2026₹70.00 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Tanfac Industries is a nearly debt-free specialty chemicals company with a market cap of ₹6,262 Cr, trading at a PE of 89.8x and 9.75x book value. The company has delivered strong historical profit growth (39% CAGR over 5 years) and maintains a healthy ROE of ~30-32%, but recent TTM profit growth has turned negative at -4%.

Bull Case 8
  • Company is almost debt-free, providing financial flexibility and low interest burden in a rising rate environment
  • Strong 5-year compounded profit growth of 39% CAGR demonstrates sustained earnings momentum over a longer horizon
  • Consistent return on equity of 30-32% over the last 3-5 years indicates efficient capital allocation and high-quality operations
  • TTM sales growth of 41% suggests robust demand and revenue acceleration in the current period
  • 10-year stock CAGR of 62% reflects long-term wealth creation for shareholders
  • 5-year compounded sales growth of 28% shows the company has been scaling revenues meaningfully over the medium term
  • Company is expected to deliver a good upcoming quarter, indicating near-term operational strength
  • 10-year compounded profit growth of 33% demonstrates the company's ability to grow earnings across market cycles
Bear Case 7
  • TTM profit growth has turned negative at -4% despite 41% sales growth, indicating margin compression or rising costs
  • Price-to-book ratio of 9.75x is very high, meaning the stock is priced at a significant premium to its net asset value
  • Stock has delivered only 1% return over the past 1 year, suggesting the market may be repricing growth expectations downward
  • Dividend yield of just 0.31% provides minimal income cushion for investors during periods of capital depreciation
  • 3-year compounded profit growth of 18% is decelerating compared to the 5-year figure of 39%, signaling a potential slowdown in earnings trajectory
  • At ₹6,262 Cr market cap with current earnings implied at roughly ₹70 Cr (market cap/PE), any earnings miss could trigger sharp derating
  • Revenue growth decelerated from 28% (5-year CAGR) to 20% (3-year CAGR) before the recent TTM spike, raising questions about sustainability of the 41% TTM figure

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Tanfac Industries is growing its topline steadily at 6.3% YoY, aided by Solar Grade DHF, but profitability is under pressure from elevated sulphur costs and geopolitical headwinds. The preferential share issue signals management confidence in future capex or expansion plans. The key risk remains input cost volatility squeezing margins. Trend is mixed — revenue trajectory is positive but earnings quality needs to recover in coming quarters.

Headwinds 1
  • PAT decline on input costs Jul 24

    Q1FY27 PAT fell to ₹16.8 crore due to higher sulphur prices and geopolitical disruptions impacting margins despite revenue growth.

Positives 2
  • Revenue up 6.3% YoY Jul 24

    Q1FY27 revenue grew to ₹187.2 crore, up 6.3% YoY, driven by Solar Grade DHF demand.

  • Preferential share issue approved Jul 30

    EGM approved preferential issue of up to 4,24,647 equity shares, signaling capital raise for growth initiatives.

Neutral 3
  • Q1FY27 earnings call hosted Jul 27

    Audio recording of earnings conference call for quarter ended June 30, 2026 made available on company website.

  • Earnings call scheduled Jul 21

    Company announced Q1 FY27 earnings call for July 27, 2026 at 3:00 PM IST with key management presenting.

  • Director reappointed at EGM Jul 30

    Dr. D. Karthikeyan reappointed as director at the EGM held on July 30, 2026.

Quarterly Results

₹ Cr
506854 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
106
81
88
103
95
112
178
172
176
169
173
193
187
Expenses
82
66
73
86
80
84
128
136
147
142
147
163
159
Operating Profit
24
16
15
16
16
27
50
36
29
27
26
30
29
OPM %
23%
19%
17%
16%
16%
24%
28%
21%
16%
16%
15%
16%
15%
Other Income
3
2
1
2
1
1
0
1
1
1
0
1
1
Interest
0
0
0
0
0
0
1
1
1
1
1
1
1
Depreciation
2
2
2
2
2
2
3
4
4
4
5
5
5
PBT
25
15
14
16
15
26
46
31
25
23
20
25
24
Tax %
26%
26%
26%
23%
25%
26%
25%
27%
21%
24%
23%
28%
29%
Net Profit
18
11
10
13
11
19
35
23
19
17
16
18
17
EPS (₹)
9.2
5.68
5.04
6.34
5.64
9.66
17.4
11.37
9.68
8.59
7.78
9.04
7.94

Profit & Loss

₹ Cr
506854 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
120
133
126
162
222
165
148
320
375
378
557
711
722
Expenses
112
125
112
141
169
138
115
244
299
306
426
597
611
Operating Profit
8
9
14
21
53
27
33
76
76
72
131
114
112
OPM %
7%
7%
11%
13%
24%
16%
22%
24%
20%
19%
24%
16%
15%
Other Income
1
4
1
0
1
1
1
3
8
7
3
2
2
Interest
10
8
7
7
4
2
1
2
2
2
5
6
4
Depreciation
6
5
5
5
8
5
8
6
6
7
10
17
18
PBT
−7
0
3
10
42
22
25
72
75
70
119
93
92
Tax %
−20%
−8%
0%
1%
14%
22%
30%
26%
26%
25%
26%
24%
—
Net Profit
−5
0
3
10
36
17
17
53
56
52
88
70
68
EPS (₹)
−2.64
0.2
1.64
4.84
17.98
8.48
8.74
26.64
28.06
26.24
44.08
35.16
33.35
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
17%
12%
13%
10%
7%
—

Balance Sheet

₹ Cr
506854 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
−10
−10
−7
3
38
55
73
124
174
220
302
363
Borrowings
69
61
54
43
12
0
0
0
0
0
41
93
Other Liabilities
26
30
20
29
48
24
37
49
68
71
73
62
Total Liabilities
95
91
77
86
107
89
120
182
252
301
426
528
Fixed Assets
53
49
45
41
34
33
40
40
55
61
168
212
CWIP
0
0
0
0
1
6
3
12
6
29
8
29
Investments
0
0
1
1
1
1
23
42
67
67
9
19
Other Assets
42
42
31
44
71
49
55
88
124
145
242
269
Total Assets
95
91
77
86
107
89
120
182
252
301
426
528

Cash Flow

₹ Cr
506854 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9
16
16
17
37
22
37
44
43
34
33
43
Investing
0
−1
−1
−1
−3
−9
−34
−35
−40
−30
−42
−91
Financing
−10
−15
−15
−17
−34
−12
−1
−5
−6
−7
32
38
Net Cash Flow
0
0
0
0
0
0
2
5
−3
−3
23
−9
Free Cash Flow
9
15
15
17
35
11
29
29
28
−2
−64
−39
CFO/EBITDA
111
183
105
73
83
99
121
82
79
73
47
56

Ratios

506854 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
52
54
46
44
38
40
40
28
49
59
65
57
Inventory Days
106
82
66
75
107
75
134
91
89
100
112
79
Days Payable
89
97
69
74
90
47
142
76
78
77
48
21
Cash Conversion Cycle
68
39
42
45
54
67
31
43
60
82
129
115
Working Capital Days
−150
−124
−109
−53
35
65
36
33
46
59
62
34
ROCE %
4%
7%
18%
29%
78%
37%
35%
67%
48%
33%
42%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tanfac Industries insights

48 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 48.98%
  • Others 23.65%
  • Public 22.33%
  • DIIs 3.64%
  • FIIs 1.40%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Tanfac Industries

What does Tanfac Industries Ltd do?
Incorporated in 1972, Tanfac Industries Ltd is amongst the leading producers of Hydrofluoric Acid and its derivatives.
Where is Tanfac Industries Ltd (TANFACIND) listed?
Tanfac Industries Ltd trades under code 506854 on the BSE.
Which sector does Tanfac Industries Ltd belong to?
Tanfac Industries Ltd is classified under the Chemicals sector, in the Commodity Chemicals industry.
What is the PE ratio of Tanfac Industries Ltd?
Tanfac Industries Ltd trades at a PE ratio of 104.85 as of 4 Nov 2026, on earnings per share of ₹33.35, against a book value of ₹334.01 per share.
What is the 52-week high and low of Tanfac Industries Ltd?
Over the last 52 weeks Tanfac Industries Ltd has traded between ₹1,632.6 and ₹3,648 as of 4 Nov 2026.
Does Tanfac Industries Ltd pay dividends?
Tanfac Industries Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Tanfac Industries Ltd?
Tanfac Industries Ltd reported a return on equity of 20.30%. Its debt-to-equity ratio is 0.25.

Company Information

Incorporated in 1972, Tanfac Industries Ltd is amongst the leading producers of Hydrofluoric Acid and its derivatives.

Website tanfac.com
CEO Mr. Hemango Gupta
Employees 178
Face Value ₹5

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