Tirth Plastic Ltd
Tirth Plastic Ltd is an Ahmedabad-based trading company dealing in acrylic solid-surface sheets, glue and other plastic materials; it restarted operating sales in FY26 after reporting nil operating revenue in FY24-FY25.[1]
- Market Cap ₹ 13.0 Cr.
- Current Price ₹ 29.1
- High / Low ₹ 37.3 / 12.3
- Stock P/E 21.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 17.7 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Promoter holding is low: 23.5%
- Company has a low return on equity of 5.27% over last 3 years.
- Company has high debtors of 230 days.
- Promoter holding has decreased over last 3 years: -16.5%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.70 | 0.95 | 0.04 | 2.01 | 0.00 | 0.06 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 9.58 | 14.81 | |
| 0.69 | 0.94 | 0.10 | 2.02 | 0.07 | 0.47 | 0.09 | 0.19 | 0.10 | 0.09 | 0.08 | 9.12 | 14.07 | |
| Operating Profit | 0.01 | 0.01 | -0.06 | -0.01 | -0.07 | -0.41 | -0.09 | -0.10 | -0.10 | -0.09 | -0.08 | 0.46 | 0.74 |
| OPM % | 1.43% | 1.05% | -150.00% | -0.50% | -683.33% | -111.11% | 4.80% | 5.00% | |||||
| 0.00 | -0.37 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | 0.08 | 0.08 | 0.09 | 0.09 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | -0.36 | -0.06 | -0.01 | -0.07 | -0.31 | 0.01 | -0.02 | -0.02 | 0.00 | 0.01 | 0.46 | 0.74 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.39% | ||
| 0.00 | -0.36 | -0.06 | -0.01 | -0.07 | -0.31 | 0.01 | -0.02 | -0.02 | 0.00 | 0.01 | 0.38 | 0.61 | |
| EPS in Rs | |||||||||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 107% |
| 3 Years: | 176% |
| TTM: | 6200% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| 1 Year: | 110% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 |
| Reserves | -1.21 | -1.58 | -1.64 | -1.65 | -1.72 | -2.03 | -2.02 | -2.04 | -2.06 | -2.05 | -2.04 | -1.66 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | |
| 0.33 | 0.77 | 1.54 | 3.39 | 0.82 | 0.49 | 0.51 | 0.56 | 0.65 | 0.31 | 0.29 | 6.20 | |
| Total Liabilities | 3.57 | 3.64 | 4.35 | 6.19 | 3.55 | 2.91 | 2.94 | 2.97 | 3.04 | 2.86 | 2.70 | 8.99 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3.57 | 3.64 | 4.35 | 6.19 | 3.55 | 2.91 | 2.94 | 2.97 | 3.04 | 2.86 | 2.70 | 8.99 | |
| Total Assets | 3.57 | 3.64 | 4.35 | 6.19 | 3.55 | 2.91 | 2.94 | 2.97 | 3.04 | 2.86 | 2.70 | 8.99 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.42 | -0.32 | -1.58 | -1.01 | 0.06 | -0.26 | -0.11 | 0.03 | -0.05 | -0.43 | 0.13 | -0.06 | |
| 0.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 | 0.09 | 0.09 | 0.00 | |
| -0.36 | 0.39 | 1.46 | 1.00 | 0.00 | 0.30 | 0.10 | 0.00 | 0.00 | 0.15 | -0.15 | 0.00 | |
| Net Cash Flow | 0.01 | 0.07 | -0.12 | -0.01 | 0.06 | 0.04 | 0.00 | 0.11 | 0.03 | -0.19 | 0.07 | -0.06 |
| Free Cash Flow | -0.42 | -0.32 | -1.58 | -1.01 | 0.06 | -0.26 | -0.11 | 0.03 | -0.05 | -0.43 | 0.13 | -0.06 |
| CFO/OP | -4,000% | -3,100% | 2,633% | 10,100% | -86% | 63% | 122% | -30% | 50% | 478% | -162% | 4% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 177.29 | 253.58 | 5,748.75 | 533.88 | 912.50 | 40.56 | 229.74 | |||||
| Inventory Days | 0.00 | 30.42 | 16,242.50 | 264.44 | 10,001.00 | 5,885.62 | 43.39 | |||||
| Days Payable | 156.43 | 22,447.50 | 575.43 | 1,314.00 | 821.25 | 180.88 | ||||||
| Cash Conversion Cycle | 177.29 | 127.57 | -456.25 | 222.89 | 9,599.50 | 5,104.93 | 92.26 | |||||
| Working Capital Days | 5.21 | -11.53 | 13,596.25 | 452.16 | 14,113.33 | 2,960.56 | 44.20 | |||||
| ROCE % | 0.31% | 0.33% | -2.11% | -0.36% | -2.53% | -12.04% | 0.41% | -0.83% | -0.83% | 0.00% | 0.40% | 17.69% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-in-Trade (Inventory) value INR Lakhs |
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| Number of Permanent Employees Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
- AGM approved appointment of Ms. Nidhi Gandi as non-executive independent director on 26 September 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 39th AGM voting results announced on 26 Sep 2026; Jigar Shah reappointed, Nidhi Gandhi appointed.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- 40th AGM held on 26 Sep 2026; adopted FY26 results and appointed Ms. Nidhi Gandhi as independent director.
-
Closure of Trading Window
- Trading window closed from 1 October 2026 until 48 hours after Q2 FY2026 results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1][2][3]
Company is trader and exporter of Plastic, plastic material and its allied products like Bags, PVC pipes, glue, acrylic sheets (solid surface), etc. It was effectively non-operational in FY24 and FY25, with nil revenue from operations and only interest/other income. Trading resumed in FY26: revenue was Rs. 9.58 Cr versus nil in FY25, with PAT of Rs. 0.38 Cr versus Rs. 0.01 Cr. In FY26, operations were trading in acrylic solid surface, glue and other material. [4] [5]