Tainwala Chemicals & Plastics (India) Ltd

Tainwala Chemicals & Plastics (India) Ltd

₹ 179 -1.77%
13 Feb - close price
About

Incorporated in 1985, Tainwala Chemicals
& Plastics Ltd does manufacturing of plastic sheets and trading of commodity and share[1]

Key Points

Business Overview:[1][2]
TCPL is a flagship company of Tainwala Group. It does manufacturing of extruded plastic sheets of various polymers like PVC, PP, PPGL, HDPE, ABS etc. from 0.5 mm to 30 mm thickness. Company had technical collaboration with Cincinnati Milacron in Austria for manufacturing PVC Sheets, and Amut Spa in Italy for expansion of its plastic sheet extrusion business. These sheets are very good substitutes for conventional materials like wood, metal etc. due to its advantages of being tough, light and anti-corrosive.

  • Market Cap 168 Cr.
  • Current Price 179
  • High / Low 275 / 155
  • Stock P/E 15.8
  • Book Value 184
  • Dividend Yield 1.67 %
  • ROCE 4.24 %
  • ROE 3.31 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.98 times its book value
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 3.12% over last 3 years.
  • Earnings include an other income of Rs.11.1 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1.74 8.14 6.48 6.36 4.40 0.79 1.55 4.97 4.59 5.31 1.01 5.41 10.08
1.68 12.31 6.64 6.28 4.43 0.91 1.27 5.08 4.02 4.76 1.05 5.10 8.40
Operating Profit 0.06 -4.17 -0.16 0.08 -0.03 -0.12 0.28 -0.11 0.57 0.55 -0.04 0.31 1.68
OPM % 3.45% -51.23% -2.47% 1.26% -0.68% -15.19% 18.06% -2.21% 12.42% 10.36% -3.96% 5.73% 16.67%
3.57 1.82 0.55 5.38 0.51 -0.24 0.79 3.77 0.57 0.26 3.09 5.06 2.68
Interest 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Depreciation 0.12 0.12 0.12 0.12 0.11 0.07 0.10 0.10 0.10 0.09 0.09 0.09 0.09
Profit before tax 3.51 -2.48 0.26 5.34 0.37 -0.43 0.97 3.56 1.03 0.72 2.96 5.28 4.27
Tax % 0.00% 13.71% 0.00% 11.61% 27.03% 2.33% 18.56% 4.21% 84.47% 23.61% 5.07% 26.52% 20.61%
3.51 -2.82 0.26 4.72 0.27 -0.44 0.79 3.42 0.16 0.55 2.81 3.88 3.39
EPS in Rs 3.75 -3.01 0.28 5.04 0.29 -0.47 0.84 3.65 0.17 0.59 3.00 4.14 3.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
8 10 9 6 11 12 11 6 8 13 18 16 22
9 11 12 8 14 15 13 9 11 18 19 15 19
Operating Profit -1 -1 -2 -2 -3 -3 -2 -2 -4 -5 -1 1 2
OPM % -8% -10% -26% -42% -25% -29% -19% -38% -48% -42% -6% 8% 11%
2 4 7 10 10 6 7 3 5 10 7 5 11
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 0 0 0 0 0 0 0 0 0
Profit before tax 0 2 4 7 6 2 4 -0 0 4 6 6 13
Tax % 17% 3% 0% 0% 0% -15% 0% 0% 0% 16% 13% 22%
0 2 4 7 6 2 4 -0 0 3 5 5 11
EPS in Rs 0.32 2.17 4.12 7.20 6.80 2.19 4.63 -0.34 0.40 3.50 5.14 5.25 11.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 29%
TTM: 83%
Compounded Profit Growth
10 Years: 12%
5 Years: 1%
3 Years: 50%
TTM: 170%
Stock Price CAGR
10 Years: 18%
5 Years: 20%
3 Years: 19%
1 Year: -22%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 30 31 35 58 66 68 76 89 81 89 108 144 163
0 0 1 0 0 0 0 0 0 0 0 0 0
1 2 1 2 2 2 3 2 1 1 6 14 16
Total Liabilities 40 42 47 69 77 79 89 100 92 99 123 167 188
4 3 3 3 3 3 3 3 3 4 3 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 20 21 25 47 53 54 63 81 74 89 117 160 179
17 19 18 19 22 23 23 17 14 7 3 5 7
Total Assets 40 42 47 69 77 79 89 100 92 99 123 167 188

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 -2 -6 -0 -3 -2 -7 4 -2 -6 12 -1
-4 1 4 1 5 4 5 -3 2 5 -12 2
-0 -0 1 -1 -0 -0 -0 -0 -0 -0 -0 -0
Net Cash Flow -4 -0 -1 0 1 1 -3 1 -0 -0 -0 1

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 89 103 70 52 21 86 135 25 18 8 24
Inventory Days 262 140 168 394 167 209 180 281 239 74 33 43
Days Payable 12 27 19 72 32 56 83 97 19 5 2 2
Cash Conversion Cycle 275 201 252 392 187 173 183 319 245 88 39 64
Working Capital Days 185 175 272 348 211 218 177 307 189 93 42 57
ROCE % 0% 4% 8% 11% 8% 2% 5% -1% -3% 3% 4% 4%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
67.04% 67.04% 67.04% 67.44% 67.44% 67.44% 67.44% 67.44% 67.45% 67.45% 67.45% 67.51%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.04%
0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22%
32.69% 32.68% 32.69% 32.28% 32.28% 32.29% 32.29% 32.28% 32.28% 32.27% 32.27% 32.20%
No. of Shareholders 7,9537,6567,6158,0057,8177,3626,8968,0698,0107,9668,3358,323

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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