Tarsons Products Ltd (TARSONS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543399 | NSE: TARSONS | Plastic Products | Small Cap

Tarsons Products Share Price

222.30 -6.30 -2.76%
as on 05-Dec'25 15:26

Tarsons Products Ltd (TARSONS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543399 | NSE: TARSONS | Plastic Products | Small Cap

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Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Tarsons Products stock performance -

Key Ratios
mw4me loader
P/E Ratio (SA):
36.37
Market Cap:
1,216.3 Cr.
52-wk low:
198.2
52-wk high:
465

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10 Year X-Ray of Tarsons Products: 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.
Tarsons Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%31.6%27.4%37.2%35.3%19%10.2%8.6%-
Value Creation
Index
NANANA1.31.01.71.50.4-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000179176229301283277314321
Sales YoY Gr.-NANANA-1.6%30.1%31.4%-5.8%-2.1%13.3%-
Adj EPS 0007.57.413.218.414.48.96.86.3
YoY Gr.-NANANA-1.2%77.9%39.5%-21.8%-38.4%-23.2%-
BVPS (₹) 00026.637.34892.1107116.6122.6124.5
Adj Net
Profit
00038.339.467.398.176.747.336.333
Cash Flow from Ops. 00051.364.268.283.575.6105110-
Debt/CF from Ops. 0001.30.60.50.31.52.42.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA12.3%1.5%13.3%
Adj EPS NA-1.7%-28.2%-23.2%
BVPSNA26.9%10%5.2%
Share Price - - -32.8% -50.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
00028.323.730.526.714.585.75.1
Op. Profit
Mgn %
00040.138.945.150.845.737.333.635.3
Net Profit
Mgn %
00021.422.429.432.627.117.111.610.4
Debt to
Equity
0000.50.20.100.20.40.40.2
Working Cap
Days
0000371343372543706617105
Cash Conv.
Cycle
00001721271271872181925

Recent Performance Summary

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Latest Financials - Tarsons Products Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 3.9
TTM Sales (₹ Cr.) 321 402
BVPS (₹.) 124.5 117.8
Reserves (₹ Cr.) 652 616
P/BV 1.84 1.94
PE 36.37 59.14
From the Market
52 Week Low / High (₹) 198.15 / 465.00
All Time Low / High (₹) 198.15 / 928.65
Market Cap (₹ Cr.) 1,216
Equity (₹ Cr.) 10.6
Face Value (₹) 2
Industry PE 38.6

Management X-Ray of Tarsons Products:

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 (%)

Valuation of Tarsons Products - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Tarsons Products

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales179176229301283277314
Operating Expenses 107108126148154174209
Manufacturing Costs24232736313138
Material Costs51496263657389
Employee Cost 16202431343944
Other Costs 16161218243138
Operating Profit 7268103153129103105
Operating Profit Margin (%) 40.1%38.9%45.1%50.8%45.7%37.3%33.5%
Other Income 6568121424
Interest 763441018
Depreciation 15141422293854
Exceptional Items 0000000
Profit Before Tax 5653921351096958
Tax 17132434281815
Profit After Tax 394169101815143
PAT Margin (%) 21.8%23.0%30.1%33.5%28.5%18.5%13.6%
Adjusted EPS (₹)7.77.713.518.915.29.68.0
Dividend Payout Ratio (%)0%0%0%0%0%21%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 135198244490569620652
Share Capital 00011111111
Reserves 135197244479559610642
Minority Interest0000000
Debt5525261081204182
Long Term Debt1963981102113
Short Term Debt3619231010269
Trade Payables266131089
Others Liabilities 7993115160220292335
Total Liabilities 2713213926738791,1251,179

Fixed Assets

Gross Block104121163253316382643
Accumulated Depreciation1529426492130184
Net Fixed Assets 8992120189225252460
CWIP 7192232119267233
Investments 00000013
Inventories46494782114105103
Trade Receivables45384765667274
Cash Equivalents 12638660108
Others Assets 8397152219295420288
Total Assets 2713213926738791,1251,179

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 5164688376105110
PBT 5653921351096958
Adjustment 21201624284771
Changes in Working Capital -96-16-42-367-2
Tax Paid -17-15-24-33-24-18-17
Cash Flow From Investing Activity -34-25-64-138-179-296-52
Capex -34-26-62-132-189-184-152
Net Investments 00-0-77-44
Others 01-213-10896
Cash Flow From Financing Activity -18-14-2713085136-54
Net Proceeds from Shares 000150000
Net Proceeds from Borrowing -30-11-71090447
Interest Paid -6-5-5-4-5-10-17
Dividend Paid 000000-11
Others 172-15-26-1102-33
Net Cash Flow -025-2375-18-554

Finance Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)28.824.3531.1727.4215.248.626.71
ROCE (%)31.5727.3537.2235.281910.198.57
Asset Turnover Ratio0.660.590.640.560.360.280.27
PAT to CFO Conversion(x)1.311.560.990.820.942.062.56
Working Capital Days
Receivable Days91866868849185
Inventory Days95997678127145121
Payable Days14303555634535

Tarsons Products Ltd Stock News

Tarsons Products Ltd FAQs

The current trading price of Tarsons Products on 05-Dec-2025 15:26 is ₹222.3.
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 04-Dec-2025 the market cap of Tarsons Products stood at ₹1,216.3.
The latest P/E ratio of Tarsons Products as of 04-Dec-2025 is 36.37.
The latest P/B ratio of Tarsons Products as of 04-Dec-2025 is 1.84.
The 52-week high of Tarsons Products is ₹465.0 and the 52-week low is ₹198.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarsons Products is ₹321.0 ( Cr.) .

About Tarsons Products Ltd

Tarsons Products is an Indian labware company engaged in the designing, development, manufacturing and marketing of ‘consumables’, ‘reusables’ and ‘others’ including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations (CROs), Diagnostic companies and hospitals.  It manufactures a range of quality labware products which helps advance scientific discovery and improve healthcare. The company’s product portfolio is classified into three key categories which include consumables, reusables, and others. ‘Consumables’ category includes products such as centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes and others. ‘Reusables’ category includes products such as bottles, carboys, beakers, measuring cylinders and tube racks. ‘Others’ category includes benchtop instrumentation such as vortex shakers, centrifuges pipettors and others.

The company caters to a diverse range of end customers across various sectors which include research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies, and hospitals. Some of its end customers include customers such as Indian Institute of Chemical Technology, National Centre for Biological Sciences across academic institutes and research organizations; Dr Reddy's Laboratories, Enzene Biosciences across pharmaceutical sectors; Syngene International, Veeda Clinical Research across CROs; and Molbio Diagnostics, Agappe Diagnostic, Metropolis Healthcare, Dr. Lal Path Labs, Mylab Life Solutions across other sectors such as diagnostics. It distributes its products to these end customers on a pan-India basis through its authorised distributors. It has long-standing relationships with its end customers as well as distributors, which it has achieved by aligning its offerings with their business needs and through the support of an on-ground sales and marketing team.

Business area of the company

The company presently manufactures disposable plastic labware, centrifuge ware, cryo labware, liquid handling system and instruments.

Major events and milestones

  • 1983: Incorporation of the Company with manufacturing of reusable plastic products.
  • 1984: Commenced production of pipette tips.
  • 1987: Commenced production of CFT.
  • 2002: Pioneered the first fully robotic clean room plant for manufacturing of molecular biology consumables.
  • 2009: Obtained ISO 9001:2015 certificate for manufacturing facility.
  • 2012: Set up manufacturing facility expanding into production of fully automatic centrifuge tubes, and cryogenic vials in Dhulagarh.
  • 2018: Obtained ISO 13485:2016/NS-EN ISO 13485:2016 certificate for manufacturing facility.
  • 2018: Clear Vision Investment Holdings acquired 49% equity shareholding in the Company.
  • 2019: Set up line for PCR products in Jalan Industrial Complex at Jangalpur.
  • 2020: Received CE-IVD certification for products.
  • 2019-2021: Acquired 5 acres land to develop a facility for increase in production in Panchla.
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