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Tarini International Ltd (538496)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538496 NSE: Engineering Consultancy | Small Cap | Tarini International Share Price

₹7.65 0.00 (0.00%)

As on 02-Jul'26 16:59

Tarini International Ltd (538496)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538496 NSE: Engineering Consultancy | Small Cap | Tarini International Share Price

₹7.65 0.00 (0.00%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10 Cr.
Current Price
₹7.7
52-Week Low / High
₹6 / 16
TTM EPS
₹0.4
TTM Sales
₹2.1 Cr.
Book Value per Share
₹23.1
P/E Ratio
20.01
Lower than its 5-year historical median
Industry PE
32.8
Price to Book (P/B)
0.33
Lower than its 5-year historical median
Price to Sales (P/S)
4.77
Lower than its 5-year historical median
EV/EBITDA
17.90
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.00%
Underperforms industry median
Return on Capital Employed (ROCE)
1.45%
Underperforms industry median
Return on Assets (ROA)
0.81%
Operating Profit Margin
7.1%
Net Profit Margin
14.84%
Gross Profit Margin
35.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.22%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-72.55%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
69.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17 Cr.
Equity
₹13 Cr.
Face Value
₹10
All Time Low / High
₹2.32 / 56.33

Tarini International stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Tarini International Ltd a good quality company?
Tarini International Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tarini International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tarini International Ltd vs industry peers?
Tarini International Ltd revenue CAGR is 41.05%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tarini International Ltd?
Promoters hold 69.39% of the Tarini International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Tarini International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tarini International Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.8%3.2%3.2%1.5%2.4%2%1.3%0.7%-2.5%1.5%-
Value Creation
Index
-0.7-0.8-0.8-0.9-0.8-0.9-0.9-1.0-1.2-0.9-

Growth Parameters

Sales 1.10.91.50.90.41.21.51.82.222
Sales YoY Gr.--19.6%66.7%-43.3%-57.7%222.2%28.5%20.1%22.4%-8.2%-
Adj EPS 0.40.30.40.1-0.20.20.20.1-0.10.20.4
YoY Gr.--28.6%23.3%-78.4%-300%NA-33.3%-62.5%-283.3%NA-
BVPS (₹) 22.522.823.223.223.423.623.823.922.923.123.1
Adj Net
Profit
0.60.40.50.1-0.20.30.20.1-0.20.30
Cash Flow from Ops. -1.50.6-1.30.8-0.7-10.6-1-1.8-0.3-
Debt/CF from Ops. -4.710.6-3.78.1-7-5.68-5.9-3.3-23.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.7%41.1%10.5%-8.2%
Adj EPS -6.5%NA12.9%NA
BVPS0.3%-0.2%-0.9%1%
Share Price -1.4% -15.7% 8.4% -53.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.91.31.60.3-0.710.70.3-0.511.6
Op. Profit
Mgn %
-25.4-3.1-3.4-73.8-288.29.45.8-17.823.57.2NAN
Net Profit
Mgn %
49.543.932.312.1-57.127.213.64.7-6.814.823.6
Debt to
Equity
0.20.20.20.20.20.20.20.20.20.2-
Working Cap
Days
5,7197,4794,5508,53320,8026,3854,8473,9203,1773,4990
Cash Conv.
Cycle
2417187481,8984,8331,4689956054153760

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1.120.901.500.850.361.161.491.792.192.01
Operating Expenses + 1.400.931.551.561.401.051.402.101.671.86
Manufacturing Costs0.060.090.040.050.060.050.140.140.080.12
Material Costs0.25000000000
Employee Cost 0.530.480.861.140.920.780.760.780.941.01
Other Costs 0.560.360.650.360.420.220.501.190.650.74
Operating Profit -0.28-0.03-0.05-0.71-1.040.110.09-0.320.510.14
Operating Profit Margin (%) -25.4%-3.1%-3.4%-83.1%-288.0%9.4%5.8%-17.8%23.5%7.1%
Other Income + 1.831.371.361.392.070.900.670.880.480.60
Exceptional Items 00000000-1.560
Interest 0.540.590.490.450.420.240.180.110.080.03
Depreciation 0.210.200.190.160.170.280.280.310.330.22
Profit Before Tax 0.800.550.620.070.450.480.290.14-0.980.49
Tax 0.250.150.130.020.200.170.090.050.260.19
Profit After Tax 0.550.390.490.050.250.310.200.08-1.240.30
PAT Margin (%) 49.5%43.9%32.3%5.5%68.5%27.2%13.6%4.7%-56.6%14.8%
Adjusted EPS (₹)0.40.30.40.00.20.20.20.1-1.00.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Tarini International - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 29.2329.6330.1130.1630.4030.7230.9231.0129.7730.07
Share Capital 13131313131313131313
Reserves 16.2316.6317.1117.1617.4117.7217.9218.0116.7717.07
Debt +6.555.454.455.564.735.274.735.925.955.91
Long Term Debt4.443.504.142.721.931.420.890.810.270.02
Short Term Debt2.111.940.302.842.803.853.845.115.685.89
Minority Interest0000000000
Trade Payables0000000000
Others Liabilities 3.183.224.104.833.732.742.340.680.900.76
Total Liabilities 38.9638.2938.6640.5538.8738.7337.9937.6136.6236.74

Fixed Assets

Net Fixed Assets +6.175.975.725.335.705.445.285.324.994.77
Gross Block7.157.167.076.356.826.856.977.327.327.32
Accumulated Depreciation0.981.181.351.021.131.411.6922.332.56
CWIP 0.941.121.121.1800000.340.40
Investments 13.3612.7212.8212.7912.8012.8112.8112.8211.8611.87
Inventories0000000000
Trade Receivables1.282.263.894.954.584.713.422.502.471.67
Cash Equivalents 0.050.040.060.460.120.320.480.540.320.32
Others Assets 17.1616.1915.0615.8415.6615.4615.9916.4216.6417.72
Total Assets 38.9638.2938.6640.5538.8738.7337.9937.6136.6236.74

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.490.56-1.320.77-0.74-1.040.64-1.02-1.84-0.25
PBT 0.800.550.620.070.450.480.290.14-0.980.49
Adjustment -0.30-0.35-0.54-0.71-0.65-0.31-0.08-0.22-0.04-0.14
Changes in Working Capital -1.980.36-1.41.41-0.54-1.20.42-0.94-0.81-0.6
Tax Paid 0000000000
Cash Flow From Investing Activity + 0.390.911.161.421.730.740.400.291.670.39
Capex -0.01-0.010.070.230.65-0.03-0.12-0.35-0.350
Net Investments -0.650-0.100.03-0.010.76-0.01-0.011.560
Others 1.050.921.191.171.1000.520.640.460.39
Cash Flow From Financing Activity + 1.06-1.490.18-1.79-1.330.49-0.870.80-0.05-0.14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.51-0.55-0.46-0.36-0.28-0.17-0.17-0.11-0.08-0.03
Dividend Paid 0000000000
Others 1.57-0.940.64-1.43-1.050.67-0.700.910.03-0.10
Net Cash Flow -0.04-0.020.020.41-0.340.190.170.06-0.220

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.911.341.620.160.811.030.660.27-4.071
ROCE (%)3.813.183.161.462.42.011.30.68-2.461.45
Asset Turnover Ratio0.030.020.040.020.010.030.040.050.060.05
PAT to CFO Conversion(x)-2.711.44-2.6915.4-2.96-3.353.2-12.75N/A-0.83
Working Capital Days
Receivable Days240.60717.70748.301,898.104,832.901,467.60994.90605415375.70
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tarini International Ltd FAQs

The current trading price of Tarini International on 02-Jul-2026 16:59 is ₹7.65.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Tarini International stood at ₹9.94 Cr

The latest P/E ratio of Tarini International as of 01-Jul-2026 is 20.01.

The latest P/B ratio of Tarini International as of 01-Jul-2026 is 0.33.

The 52-week high of Tarini International is ₹16.06 and the 52-week low is ₹6.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarini International is ₹2.09 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarini International Ltd is a below average quality company.

The key valuation ratios of Tarini International Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tarini International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Tarini International Ltd

Tarini International was originally incorporated at Delhi as ‘Tarini International Private Limited’ on January 20, 1999, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company was subsequently converted to a Public Limited Company and consequently the name was changed to ‘Tarini International Limited’ vide fresh certificate of incorporation dated 8th July, 2011 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company has been evolved as an engineering arm to provide financial and technical consultancy related to Hydro Power generation, Transmission and Distribution and Infrastructure. The company’s current projects are well geographically based in India and sub African Continent.

Over a period of time, the company has been developed as an integrated player providing turn-key services under one umbrella from designing, construction, generation, transmission and distribution. The company is also professionally competent to undertake projects from concept to commissioning. This entire set of activities, completes the value chain by providing the synergy of backward as well as forward integration. The company is well equipped with state of art tools and equipment and boasts of having a fleet of professionals capable of drawing up complete Detailed Project Report at the shortest period of time including detailed survey, geotechnical/ hydrological observations, land acquisition procedure and layouts ready for implementation.

Business area of the company

The company provides solutions to its clients depending on their requirements inter alia including feasibility studies, detailed project reports, techno economic feasibility reports, financial syndication, lender’s engineer services, basic and detailed engineering, bid process management, project management, cluster development, technical/ financial restructuring, energy audits, corporate debt restructuring, due diligence, qualitative and market research, and Consultation services etc.

Services of the company

Turnkey Projects in T&D: The company takes up Turnkey Projects in Transmission and Distribution by way of competitive bidding and or through negotiations. The company will now focus on African continent as it has abundance of natural resources leading to extensive mining activities involving continuous need of power. The region being power deficient, there are tremendous amount of opportunities for impending power infrastructure works.

Project refurbishment: The company undertakes preparation of detailed technical reports for the nonoperational projects to be refurbished covering technical aspects, cost estimations, engineering, designing and execution.

Project Developer: The company is developing its own, self-identified 5 MW Kanyatana mini small hydro project in Karnataka under IPP. The project is scheduled to be completed in 2 years time and is propose to generate approx. 35 million KWH annually.

Project Consultancy: The company provides technical consultancy services and pick up assignments for preparation of the Feasibility Reports / Detailed Project Reports for prospective Projects. The company provides technical consultancy along with framing of the Detailed Project Reports (DPRs) and detailed designing and engineering for small hydro-projects with various capacities from 3.5 to 100 MW, domestically. The company has been quite successful in its endeavors as the DPRs submitted to the stringent competent Authorities such as HPSEB, Central Design Organization of Narmada water resources Gujarat, Karnataka Renewable Energy Development (KREDL) Karnataka and Gujarat Irrigation Dept. Gujarat have extended appreciations with rave reviews and timely approvals.

 

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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