---
title: "Tanfac Industries Ltd (TANFACIND) — Share Price, Financials & Analysis"
symbol: "TANFACIND"
company: "Tanfac Industries Ltd"
canonical: "https://tapetide.com/stocks/TANFACIND"
bse_code: "506854"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:47:01.324Z"
---

# Tanfac Industries Ltd (TANFACIND)

Canonical page: https://tapetide.com/stocks/TANFACIND

## Company

- **BSE Code:** 506854
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** tanfac.com

## About

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

## Latest Price

## Key Insights

### Strengths

- 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

- Stock is trading at 18.1 times its book value
- Promoter holding has decreased over last quarter: -3.09%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -30% | 8% | 32% |
| revenue growth | 13% | 24% | 37% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 81 | 88 | 103 | 95 | 112 | 178 | 172 | 176 | 169 | 173 | 193 | 187 |
| Expenses | 66 | 73 | 86 | 80 | 84 | 128 | 136 | 147 | 142 | 147 | 163 | 159 |
| Operating Profit | 16 | 15 | 16 | 16 | 27 | 50 | 36 | 29 | 27 | 26 | 30 | 29 |
| OPM % | 19 | 17 | 16 | 16 | 24 | 28 | 21 | 16 | 16 | 15 | 16 | 15 |
| Other Income | 2 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 15 | 14 | 16 | 15 | 26 | 46 | 31 | 25 | 23 | 20 | 25 | 24 |
| Tax % | 26 | 26 | 23 | 25 | 26 | 25 | 27 | 21 | 24 | 23 | 28 | 29 |
| Net Profit | 11 | 10 | 13 | 11 | 19 | 35 | 23 | 19 | 17 | 16 | 18 | 17 |
| EPS in Rs | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 162 | 222 | 165 | 148 | 320 | 375 | 378 | 557 | 711 | 722 |
| Expenses | 141 | 169 | 138 | 115 | 244 | 299 | 306 | 426 | 597 | 611 |
| Operating Profit | 21 | 53 | 27 | 33 | 76 | 76 | 72 | 131 | 114 | 112 |
| OPM % | 13 | 24 | 16 | 22 | 24 | 20 | 19 | 24 | 16 | 15 |
| Other Income | 0 | 1 | 1 | 1 | 3 | 8 | 7 | 3 | 2 | 2 |
| Interest | 7 | 4 | 2 | 1 | 2 | 2 | 2 | 5 | 6 | 4 |
| Depreciation | 5 | 8 | 5 | 8 | 6 | 6 | 7 | 10 | 17 | 18 |
| Profit before tax | 10 | 42 | 22 | 25 | 72 | 75 | 70 | 119 | 93 | 92 |
| Tax % | 1 | 14 | 22 | 30 | 26 | 26 | 25 | 26 | 24 | — |
| Net Profit | 10 | 36 | 17 | 17 | 53 | 56 | 52 | 88 | 70 | 68 |
| EPS in Rs | 4.84 | 17.98 | 8.48 | 8.74 | 26.64 | 28.06 | 26.24 | 44.08 | 35.16 | 33.35 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 17 | 12 | 13 | 10 | 7 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -7 | 3 | 38 | 55 | 73 | 124 | 174 | 220 | 302 | 363 |
| Borrowings | 54 | 43 | 12 | 0 | 0 | 0 | 0 | 0 | 41 | 93 |
| Other Liabilities | 20 | 29 | 48 | 24 | 37 | 49 | 68 | 71 | 73 | 62 |
| Total Liabilities | 77 | 86 | 107 | 89 | 120 | 182 | 252 | 301 | 426 | 528 |
| Fixed Assets | 45 | 41 | 34 | 33 | 40 | 40 | 55 | 61 | 168 | 212 |
| CWIP | 0 | 0 | 1 | 6 | 3 | 12 | 6 | 29 | 8 | 29 |
| Investments | 1 | 1 | 1 | 1 | 23 | 42 | 67 | 67 | 9 | 19 |
| Other Assets | 31 | 44 | 71 | 49 | 55 | 88 | 124 | 145 | 242 | 269 |
| Total Assets | 77 | 86 | 107 | 89 | 120 | 182 | 252 | 301 | 426 | 528 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 16 | 17 | 37 | 22 | 37 | 44 | 43 | 34 | 33 | 43 |
| Cash from Investing Activity | -1 | -1 | -3 | -9 | -34 | -35 | -40 | -30 | -42 | -91 |
| Cash from Financing Activity | -15 | -17 | -34 | -12 | -1 | -5 | -6 | -7 | 32 | 38 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 2 | 5 | -3 | -3 | 23 | -9 |
| Free Cash Flow | 15 | 17 | 35 | 11 | 29 | 29 | 28 | -2 | -64 | -39 |
| CFO/OP | 105 | 73 | 83 | 99 | 121 | 82 | 79 | 73 | 47 | 56 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 46 | 44 | 38 | 40 | 40 | 28 | 49 | 59 | 65 | 57 |
| Inventory Days | 66 | 75 | 107 | 75 | 134 | 91 | 89 | 100 | 112 | 79 |
| Days Payable | 69 | 74 | 90 | 47 | 142 | 76 | 78 | 77 | 48 | 21 |
| Cash Conversion Cycle | 42 | 45 | 54 | 67 | 31 | 43 | 60 | 82 | 129 | 115 |
| Working Capital Days | -109 | -53 | 35 | 65 | 36 | 33 | 46 | 59 | 62 | 34 |
| ROCE % | 18 | 29 | 78 | 37 | 35 | 67 | 48 | 33 | 42 | 24 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.98% | 50.98% | 50.98% | 50.98% | 50.98% | 50.98% | 51.82% | 51.82% | 51.82% | 51.82% | 48.73% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.14% | 0.03% | 1.53% |
| DIIs | 0.09% | 0.08% | 0.22% | 0.06% | 0.06% | 0.07% | 0.07% | 0.11% | 0.42% | 0.33% | 4.16% |
| Public | 48.93% | 48.95% | 48.81% | 48.96% | 48.96% | 48.96% | 48.13% | 48.08% | 47.62% | 47.83% | 45.58% |
| No. of Shareholders | 15905 | 12651 | 13751 | 11872 | 13425 | 15250 | 14380 | 18509 | 18006 | 16344 | 16393 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 51.82% | 48.73% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.14% | 0.08% | 0.12% | 0.1% | 0.03% | 1.53% |
| DIIs | 0.07% | 0.07% | 0.11% | 0.19% | 0.39% | 0.39% | 0.42% | 0.39% | 0.42% | 0.39% | 0.33% | 4.16% |
| Public | 48.13% | 48.11% | 48.08% | 47.99% | 47.8% | 47.81% | 47.62% | 47.72% | 47.64% | 47.69% | 47.83% | 45.58% |
| No. of Shareholders | 15871 | 16574 | 18509 | 18252 | 19114 | 17701 | 18006 | 18669 | 19300 | 18948 | 16344 | 16393 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 6 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3292.36 | Buy |
| EMA (10) | 3336.11 | Buy |
| SMA (20) | 3269.83 | Buy |
| EMA (20) | 3260.61 | Buy |
| SMA (50) | 2992.15 | Buy |
| EMA (50) | 3020.66 | Buy |
| SMA (100) | 2607.83 | Buy |
| EMA (100) | 2742.08 | Buy |
| SMA (200) | 2338.88 | Buy |
| EMA (200) | 2461.44 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.75 | Neutral |
| MACD (12,26,9) | 105.77 | Buy |
| Stochastic (14,3,3) | 75.13 | Neutral |
| ADX (14) | 29.67 | Buy |
| Williams %R (14) | -31.91 | Neutral |
| ATR (14) | 172.26 | High Volatility |
| ROC (12) | 9.86 | Buy |
| Stoch RSI (14) | 48.69 | Neutral |
| UO (7,14,28) | 60.4 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Tanfac allotted 4,24,647 shares on September 9, 2026, raising ₹99.41 crore via preferential issue. | [Outcome Of The Meeting Of The Preferential Issue Committee 9 Sep - Tanfac allotted 4,24,647 shares on September 9, 2026, raising ₹99.41 crore via preferential issue.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36840557-2cf7-4897-a8d2-25379714e679.pdf) |
| 3 Sep - Newspaper Publication for the 52nd Annual General Meeting and E-voting Instructions. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper Publication for the 52nd Annual General Meeting and E-voting Instructions.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=022e67cd-803d-4261-9882-2ab1d3296bb5.pdf) |
| 29 Aug - Analyst and institutional investor meeting on 31 August 2026 cancelled due to exigencies. | [Cancellation Of Schedule Of Analyst / Institutional Investor Meeting 29 Aug - Analyst and institutional investor meeting on 31 August 2026 cancelled due to exigencies.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf073c87-5769-43b2-8a75-57163d3334c7.pdf) |
| 11 Aug - CRISIL report for June 30, 2026 QIP shows no deviation and no proceeds utilized during the quarter. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 Aug - CRISIL report for June 30, 2026 QIP shows no deviation and no proceeds utilized during the quarter.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0246a966-9c56-4eb2-a870-056112ce3762.pdf) |
| 1 Sep - TANFAC submitted its BRSR for FY 2025-26 as part of the annual report. | [Business Responsibility and Sustainability Reporting (BRSR) 1 Sep - TANFAC submitted its BRSR for FY 2025-26 as part of the annual report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70ee8756-a2c0-4500-8459-cf13c9bd1ada.pdf) |
| 1 Sep - BSE granted in-principle approval for preferential issue of 4,24,647 equity shares at ₹2,341 each. | [Intimation Of Receipt Of In-Principle Approval From BSE Limited For Issue Of Equity Shares On Preferential Basis 1 Sep - BSE granted in-principle approval for preferential issue of 4,24,647 equity shares at ₹2,341 each.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17e2ec8a-d582-4d5c-9286-da57948bbff0.pdf) |
| 1 Sep - Book closure Sept 17-23, 2026; record date Sept 16 for 52nd AGM and final dividend. | [Intimation Of Book Closure And Record Date For The 52Nd Annual General Meeting Of The Company 1 Sep - Book closure Sept 17-23, 2026; record date Sept 16 for 52nd AGM and final dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22886d60-a2d2-4387-b63c-d32b5d51867f.pdf) |
| 1 Sep - 52nd AGM on Sept 23, 2026; final dividend ₹4.5 per share, auditor and MD remuneration proposals. | [Notice Of The 52Nd Annual General Meeting (AGM) Of The Company For The FY 2025-26 1 Sep - 52nd AGM on Sept 23, 2026; final dividend ₹4.5 per share, auditor and MD remuneration proposals.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a730781e-a766-4b2d-ba69-26edcbc720cb.pdf) |
| 1 Aug - ICRA reaffirmed Tanfac’s ratings on July 31, 2026 for Rs 195 crore facilities. | [Announcement under Regulation 30 (LODR)-Credit Rating 1 Aug - ICRA reaffirmed Tanfac’s ratings on July 31, 2026 for Rs 195 crore facilities.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3991490f-5b02-4bd8-ae2b-4c99918afa99.pdf) |
| — | [Reg. 34 (1) Annual Report. 1 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92de35c3-3e50-4022-816c-78babac0a86a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acfd8195-8de9-424f-b786-e964e36aa8a7.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0d12739-67a1-49d8-a88f-693322f38761.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7fbf83dd-f213-40a0-9b5c-6bc0017e8689.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/390c6238-c438-4b42-a7db-6dd63b37c1d6.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5342c10-5bc9-497c-b4ae-4309a8097365.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/75954506854.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/70304506854.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/66373506854.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/5068540319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/5068540318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/5068540317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/506854/5068540316.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:47:01.324Z.