Technocrats Plasma Systems Ltd
Incorporated in 1994, Technocrats Plasma Systems Ltd. is an engineering-focused company engaged in providing plasma-
based surface treatment and coating
solutions for industrial applications.[1]
- Market Cap ₹ 630 Cr.
- Current Price ₹ 360
- High / Low ₹ 455 / 218
- Stock P/E 42.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 67.0 %
- ROE 56.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 66.0%
- Debtor days have improved from 122 to 58.3 days.
Cons
* 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 Products Other Industrial Products
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 4 | 6 | 49 | 131 | |
| 4 | 5 | 41 | 105 | |
| Operating Profit | 1 | 1 | 9 | 26 |
| OPM % | 18% | 22% | 18% | 20% |
| 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 8 | 25 |
| Tax % | -1,567% | -173% | -5% | 40% |
| 2 | 2 | 8 | 15 | |
| EPS in Rs | 1.44 | 2.10 | 7.24 | 11.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 209% |
| TTM: | 166% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 115% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| Last Year: | 56% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 13 |
| Reserves | -0 | 2 | 13 | 26 |
| 7 | 7 | 10 | 15 | |
| 4 | 3 | 12 | 18 | |
| Total Liabilities | 12 | 14 | 37 | 72 |
| 2 | 1 | 1 | 2 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 10 | 12 | 35 | 70 | |
| Total Assets | 12 | 14 | 37 | 72 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -1 | 2 | -5 | -12 | |
| -0 | 0 | -0 | -1 | |
| 1 | -2 | 5 | 13 | |
| Net Cash Flow | -0 | 0 | -0 | 0 |
| Free Cash Flow | -1 | 2 | -5 | -13 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -139% | 156% | -46% | -36% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 281 | 197 | 110 | 58 |
| Inventory Days | 1,173 | 986 | 153 | 123 |
| Days Payable | 274 | 198 | 92 | 42 |
| Cash Conversion Cycle | 1,180 | 985 | 172 | 140 |
| Working Capital Days | 204 | 119 | 121 | 122 |
| ROCE % | 16% | 50% | 67% |
Documents
Announcements
-
Appointment of Company Secretary and Compliance Officer
- Ms. Khushi Patel appointed Company Secretary and Compliance Officer effective 13 October 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 13Th October, 2026
- Board noted resignation, appointed new Company Secretary and internal auditor, and recorded ROC adjudication order.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 2026
-
Board Meeting Intimation for Intimation Of Board Meeting Held On 13Th October, 2026
- Board meets on 13 Oct 2026 to note CS resignation and appoint new CS and internal auditor.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Company Secretary and Compliance Officer Prashant Prakash Lathi resigned effective 05 October 2026.
Concalls
-
Aug 2026PPT
** Business Profile:**[1]
Technocrats Plasma Systems Ltd. (TPSL) is an engineering-led manufacturer of plasma cutting machines, welding equipment, and customised automation systems used in metal fabrication and allied industries.