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TPI India Ltd (TPINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500421 NSE: TPINDIA Plastic Products | Small Cap | TPL India Share Price

₹16.61 -0.87 (-4.98%)

As on 04-Jun'26 16:59

TPI India Ltd (TPINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500421 NSE: TPINDIA Plastic Products | Small Cap | TPL India Share Price

₹16.61 -0.87 (-4.98%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹71 Cr.
Current Price
₹16.6
52-Week Low / High
₹13 / 23
TTM EPS
₹0.6
TTM Sales
₹34 Cr.
Book Value per Share
₹-2.7
P/E Ratio
28.65
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
-6.10
Lower than its 5-year historical median
Price to Sales (P/S)
2.10
Higher than its 5-year historical median
EV/EBITDA
19.81
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
98.54%
Outperforms industry median
Return on Assets (ROA)
3.84%
Operating Profit Margin
7.6%
Net Profit Margin
1.16%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
27.07%
Operating Profit Growth (1 Year)
-
1440%
Net Profit Growth (1 Year)
-
-23.91%
Asset Quality
Promoter Holding
58.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-16 Cr.
Equity
₹4.3 Cr.
Face Value
₹1
All Time Low / High
₹1.20 / 56.25

TPI India stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is TPI India Ltd a good quality company?
TPI India 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 TPI India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TPI India Ltd vs industry peers?
TPI India Ltd revenue CAGR is 12.50%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of TPI India Ltd?
Promoters hold 58.71% of the TPI India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TPI India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 47.16% 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.
TPI India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.8%-17.6%-26.4%-190.5%0%0%0%0%0%98.5%-
Value Creation
Index
NANANANANANANANANA6.0-

Growth Parameters

Sales 34.936.126.722.816.818.322.821.323.830.234
Sales YoY Gr.-3.4%-26.2%-14.5%-26.5%9.4%24.4%-6.6%11.5%27.1%-
Adj EPS -0.3-1-1-2-0.7-0.5-0.23.7-0.20.10.6
YoY Gr.-NANANANANANANA-106%NA-
BVPS (₹) -1.7-2.7-3.8-5.7-6.4-7-7.2-3.5-3.4-3.3-2.7
Adj Net
Profit
-1.5-4.4-4.4-8.5-3-2.3-115.9-10.42
Cash Flow from Ops. 1.33.7-0.51.30.70.71.310.6-2.50.9-
Debt/CF from Ops. 17.17.2-50.416.632.432.317.81.2-6.218.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.6%12.5%9.8%27.1%
Adj EPS NANANANA
BVPSNANANANA
Share Price - 40.4% 59.4% -3.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-111.477.931.741.511.48.13.2-69.16.5-2.4-19.3
Op. Profit
Mgn %
7.2-13.8-10.2-31.2-10.4-7.1-0.63.20.67.612
Net Profit
Mgn %
-4.2-12.1-16.6-37.2-17.8-12.7-4.274.5-41.27.3
Debt to
Equity
-9.2-2.2-1.7-0.9-0.8-0.7-0.7-0.8-1.1-1.2-
Working Cap
Days
178169208161114988274686537
Cash Conv.
Cycle
13011612265-17441353325-53

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales34.9136.0926.6522.7916.7518.3322.8121.3123.7530.18
Operating Expenses + 32.3941.0629.3829.8918.4819.6322.9620.6423.6027.87
Manufacturing Costs5.066.115.334.303.333.133.563.784.634.32
Material Costs24.9430.5121.9518.6813.3214.9017.4014.6916.3220.93
Employee Cost 1.311.461.291.361.261.161.091.131.151.38
Other Costs 1.082.980.815.550.560.430.901.041.501.24
Operating Profit 2.52-4.97-2.73-7.10-1.73-1.30-0.140.670.152.31
Operating Profit Margin (%) 7.2%-13.8%-10.2%-31.2%-10.4%-7.1%-0.6%3.1%0.6%7.6%
Other Income + 0.332.050.100.020.010.060.0916.280.120.02
Exceptional Items 000000-0-02.020
Interest 3.671.051.030.710.600.640.660.821.551.33
Depreciation 0.640.400.720.680.660.450.260.260.280.65
Profit Before Tax -1.46-4.36-4.37-8.47-2.98-2.33-0.9715.870.460.35
Tax 0000000000
Profit After Tax -1.46-4.36-4.37-8.47-2.98-2.33-0.9715.870.460.35
PAT Margin (%) -4.2%-12.1%-16.4%-37.2%-17.8%-12.7%-4.2%74.5%1.9%1.2%
Adjusted EPS (₹)-0.3-1.0-1.0-2.0-0.7-0.5-0.23.70.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of TPL India - 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 + -2.42-11.79-16.16-24.63-27.62-29.94-30.91-15.01-14.55-14.19
Share Capital 9.304.304.304.304.304.304.304.304.304.30
Reserves -11.72-16.08-20.45-28.93-31.91-34.24-35.21-19.31-18.85-18.49
Debt +22.0526.0526.6622.0221.8621.8721.9812.2215.1416.11
Long Term Debt14.270.040.0501.292.151.989.4612.636.88
Short Term Debt7.7926.0126.6222.0220.5719.72202.772.529.24
Minority Interest0000000000
Trade Payables2.235.354.224.915.601.871.592.011.673.57
Others Liabilities 4.894.224.248.288.1615.0415.137.666.623.84
Total Liabilities 26.7523.8418.9610.5888.847.796.888.899.33

Fixed Assets

Net Fixed Assets +5.645.494.844.163.503.152.932.763.763.32
Gross Block20.436.306.366.376.376.466.506.575.485.69
Accumulated Depreciation14.790.811.532.212.873.323.573.801.722.37
CWIP 0000000000
Investments 0.070.070.070.070.080.090.090.090.090.09
Inventories5.644.633.772.171.832.632.342.042.662.66
Trade Receivables12.2211.317.612.681.101.651.971.551.802.62
Cash Equivalents 0.850.850.110.220.130.100.070.060.120.08
Others Assets 2.331.492.561.281.371.230.390.380.450.56
Total Assets 26.7523.8418.9610.5888.847.796.888.899.33

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.313.68-0.531.330.680.691.2510.63-2.510.88
PBT -1.46-4.36-4.37-8.47-2.98-2.33-0.9715.900.460.35
Adjustment 4.261.401.691.371.261.080.911.05-0.301.99
Changes in Working Capital -1.496.652.158.432.411.931.31-6.31-2.67-1.46
Tax Paid -0.01-000000000
Cash Flow From Investing Activity + -0.69-0.220.030.020.01-0.09-0.03-0.070.85-0.20
Capex -0.69-0.26-0.06-00-0.10-0.04-0.070.85-0.20
Net Investments 0000000000
Others 0.010.040.090.020.010.010.01000
Cash Flow From Financing Activity + -0.70-3.46-0.24-1.25-0.78-0.63-1.25-10.581.72-0.71
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 4.38-1.416.19-0.051.290.86-0.197.483.16-5.74
Interest Paid -2.60-2.45-1-0.71-0.60-0.64-0.66-0.82-1.55-1.33
Dividend Paid 0000000000
Others -2.480.41-5.43-0.49-1.46-0.85-0.40-17.240.116.36
Net Cash Flow -0.080.01-0.740.10-0.09-0.03-0.03-0.010.06-0.03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.511.61.281.541.82.182.752.913.013.31
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A0.67-5.462.51
Working Capital Days
Receivable Days99105.90125.6082.4041.2027.402930.2025.8026.80
Inventory Days50.9046.2055.7047.6043.5044.4039.7037.5036.1032.20
Payable Days25.9045.4079.6089.2014491.6036.3044.7041.1045.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.0033.600.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TPI India Ltd FAQs

The current trading price of TPL India on 04-Jun-2026 16:59 is ₹16.61.

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 03-Jun-2026 the market cap of TPL India stood at ₹71.36 Cr

The latest P/E ratio of TPL India as of 03-Jun-2026 is 28.65.

The latest P/B ratio of TPL India as of 03-Jun-2026 is -6.10.

The 52-week high of TPL India is ₹23.00 and the 52-week low is ₹13.11.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TPL India is ₹34.00 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that TPI India Ltd is a average quality company.

The key valuation ratios of TPI India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About TPI India Ltd

TPI India Ltd. was incorporated on April 14,1982 as a Private Limited Company by the name of Tarapur  Packaging Industries Pvt.Ltd. and subsequently took over the business of Tarapur packaging Industries.  It was converted into a Public Limited Company on October 22, 1990 and a fresh certificate of Incorporation consequent to change of name  to TPI India Limited was obtained on  October 23, 1990. The Company has been promoted by Shri Hasmukh C.Parekh and his family.   

The Company was incorporated with the object of entering into the fields of manufacture of containers, packages and packaging imaterial. The Company has entered into an agreement with BULK LIFT INTERNATIONAL INC., USA for technical know-how for the manufacture of Flexible Intermediate Bulk Containers (FIBC). M/s Bulk Lift International Inc., USA, one of the largest American FIBC manufacturers has 4 plants in USA  and 1 in Jamaica ìand is considered one of the leaders in the field.

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