TIPCO Engineering India Ltd
Incorporated in September, 2021, Tipco Engineering is engaged inmanufacturing and supplying industrial machinery for various industries.[1]
- Market Cap ₹ 685 Cr.
- Current Price ₹ 330
- High / Low ₹ 337 / 76.5
- Stock P/E 20.6
- Book Value ₹ 56.2
- Dividend Yield 0.00 %
- ROCE 36.3 %
- ROE 38.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 169 days.
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 0 | 36 | 101 | 133 | 145 | 169 | |
| Sales growth | +181% | +32% | +9% | +57% | ||
| 0 | 32 | 89 | 109 | 107 | 121 | |
| Operating Profit | 0 | 3 | 12 | 24 | 38 | 47 |
| OPM % | 10% | 12% | 18% | 26% | 28% | |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 2 | 5 | 6 | 6 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 3 | 10 | 19 | 33 | 42 |
| Tax % | 17% | 18% | 18% | 22% | ||
| 0 | 3 | 8 | 15 | 25 | 33 | |
| EPS in Rs | 0.00 | 2.88 | 5.97 | 9.97 | 12.19 | 16.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 115% |
| TTM: | 120% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 51% |
| Last Year: | 38% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.02 | 0.02 | 21 | 21 |
| Reserves | 0 | 3 | 12 | 33 | 80 | 96 |
| 0 | 8 | 26 | 37 | 41 | 11 | |
| 0 | 17 | 28 | 31 | 45 | 22 | |
| Total Liabilities | 0 | 28 | 66 | 101 | 186 | 149 |
| 0 | 0 | 2 | 32 | 13 | 20 | |
| CWIP | 0 | 0 | 1 | 2 | 4 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 27 | 62 | 67 | 168 | 124 | |
| Total Assets | 0 | 28 | 66 | 101 | 186 | 149 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -7 | -10 | 12 | 3 | ||
| -1 | -3 | -31 | 16 | ||
| 8 | 17 | 16 | 40 | ||
| Net Cash Flow | 0 | 4 | -3 | 59 | |
| Free Cash Flow | -8 | -13 | -19 | 19 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -196% | -72% | 57% | 23% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 106 | 92 | 72 | 169 | |
| Inventory Days | 87 | 54 | 114 | 84 | |
| Days Payable | 149 | 98 | 42 | 44 | |
| Cash Conversion Cycle | 44 | 48 | 144 | 210 | |
| Working Capital Days | 57 | 65 | 36 | 57 | |
| ROCE % | 61% | 48% | 43% | 36% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilisation % |
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| Construction & Infrastructure Industry Revenue Share % |
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| Export Revenue Share % |
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| Installed Capacity Machines (Nos) |
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| Number of Export Countries Countries |
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| Paint & Coating Industry Revenue Share % |
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| Top 10 Customer Revenue Concentration % |
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| Order Book INR Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for Q2FY27 notes Rs.0.03 crore IPO proceeds deviation, about 0.02%.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
-
Correction Of Inadvertent Typographical Errors In The Outcome Of The Board Meeting Held On Thursday, November 12, 2026.
- Typographical corrections made to November 12 board meeting outcome and IPO proceeds certificate date.
-
Board Meeting Outcome for Outcome Of Meeting Of The Board Of Tipco Engineering India Limited ('The Company') In Terms Of The Provisions Of Regulation 30 Of SEBI (LODR) Regulations, 2015.
- Board approved preferential allotment of 21.02 lakh shares and 44.16 lakh warrants on November 12, 2026.
-
Results- Financial Results For The Half-Year Ended 30/09/2026
- Board approved preferential allotment of 21.02 lakh shares and 44.16 lakh warrants at Rs180, raising Rs117.33 crore.
Concalls
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Jun 2026Transcript PPT REC
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May 2026PPT
Business Profile[1]
Tipco Engineering India Ltd is engaged in manufacturing and supply of industrial process equipment used for grinding, dispersion, mixing, and homogenization across multiple industries. The company primarily supplies process machinery for paints, coatings, chemicals, printing, packaging, metal, and infrastructure industries.