Shree TNB Polymers Ltd
Incorporated in March 2007, Shree
TNB Polymers Limited is a Silvassa-
based polymer manufacturing company specializing in piping systems and plastic solutions.[1]
- Market Cap ₹ 112 Cr.
- Current Price ₹ 52.2
- High / Low ₹ 61.8 / 49.2
- Stock P/E 15.1
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding is low: 32.8%
- Company has a low return on equity of 13.8% over last 3 years.
* 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 Plastic Products - Industrial
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 172 | 208 | 176 | 198 | |
| Sales growth | +21% | -16% | +13% | |
| 161 | 193 | 160 | 178 | |
| Operating Profit | 11 | 15 | 16 | 20 |
| OPM % | 6% | 7% | 9% | 10% |
| 0 | 0 | 0 | 0 | |
| Interest | 4 | 6 | 6 | 6 |
| Depreciation | 3 | 3 | 3 | 4 |
| Profit before tax | 4 | 7 | 7 | 10 |
| Tax % | 50% | 24% | 20% | 30% |
| 2 | 5 | 6 | 7 | |
| EPS in Rs | 1.62 | 3.75 | 3.77 | 4.65 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 10 | 15 | 15 |
| Reserves | 20 | 25 | 38 | 40 | 53 |
| 36 | 36 | 38 | 45 | 50 | |
| 41 | 35 | 40 | 45 | 49 | |
| Total Liabilities | 105 | 105 | 127 | 145 | 168 |
| 36 | 40 | 47 | 50 | 50 | |
| CWIP | 6 | -0 | 0 | 2 | 6 |
| Investments | 0 | 0 | -0 | 0 | 0 |
| 64 | 65 | 80 | 94 | 112 | |
| Total Assets | 105 | 105 | 127 | 145 | 168 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 8 | 7 | 4 | 9 | |
| -16 | -2 | -10 | -9 | |
| 8 | -5 | 6 | 0 | |
| Net Cash Flow | 0 | -0 | -0 | 0 |
| Free Cash Flow | -9 | 5 | -6 | 1 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 81% | 55% | 39% | 53% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 44 | 62 | 87 | 94 |
| Inventory Days | 103 | 62 | 99 | 96 |
| Days Payable | 87 | 63 | 97 | 97 |
| Cash Conversion Cycle | 60 | 61 | 90 | 93 |
| Working Capital Days | 6 | 14 | 25 | 30 |
| ROCE % | 18% | 16% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved H1 FY2026-27 results and appointed secretarial auditor Jignesh Shah for FY2026-27.
- Results -Unaudited Financial Results For Half Year Ended -30Th September, 2026
-
Board Meeting Outcome for Unaudited Half Yearly Financial Results 30Th September, 2026
- Board approved H1 FY27 results: revenue ₹86.08 crore, PAT ₹2.58 crore, and appointed secretarial auditor.
-
Board Meeting Intimation for Prior Intimation Of Board Meeting Pursuant To Regulation 29 Of SEBI (LODR) Regulations, 2015
- Board meets November 14, 2026 to approve half-year unaudited results; trading window closed from October 10.
-
Announcement under Regulation 30 (LODR)-Cessation
- Shivaji Ambadas Phate resigned as Sheet Division Head, effective 31 October 2026, for personal reasons.
Business Overview:[1][2]
Shree TNB Polymers is a polymer manufacturing company focused on piping systems and plastic solutions. Its portfolio includes HDPE pipes and fittings, PP/PPH pipes and fittings, Double Wall Corrugated (DWC) pipes, sprinkler and drip irrigation systems, solid industrial sheets, Wellpack sheets. The company caters to infrastructure, agriculture, water management, construction, and industrial applications.