Tainwala Chemicals & Plastics (India) Ltd
Incorporated in 1985, Tainwala Chemicals
& Plastics Ltd does manufacturing of plastic sheets and trading of commodity and share[1]
- Market Cap ₹ 194 Cr.
- Current Price ₹ 208
- High / Low ₹ 259 / 155
- Stock P/E 24.2
- Book Value ₹ 184
- Dividend Yield 1.44 %
- ROCE 7.91 %
- ROE 6.29 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.13 times its book value
- Company has delivered good profit growth of 60.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 4.56% over last 3 years.
- Earnings include an other income of Rs.10.2 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.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.73 | 9.44 | 5.73 | 11.48 | 11.53 | 10.58 | 6.47 | 7.72 | 12.83 | 18.03 | 16.42 | 17.83 | 17.77 | |
| 10.73 | 11.85 | 8.11 | 14.37 | 14.93 | 12.56 | 8.90 | 11.43 | 18.26 | 19.12 | 15.15 | 17.38 | 17.25 | |
| Operating Profit | -1.00 | -2.41 | -2.38 | -2.89 | -3.40 | -1.98 | -2.43 | -3.71 | -5.43 | -1.09 | 1.27 | 0.45 | 0.52 |
| OPM % | -10.28% | -25.53% | -41.54% | -25.17% | -29.49% | -18.71% | -37.56% | -48.06% | -42.32% | -6.05% | 7.73% | 2.52% | 2.93% |
| 3.88 | 6.89 | 9.74 | 9.69 | 5.64 | 6.86 | 2.62 | 4.81 | 9.77 | 7.06 | 5.40 | 13.23 | 10.23 | |
| Interest | 0.02 | 0.10 | 0.08 | 0.04 | 0.04 | 0.03 | 0.04 | 0.35 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.76 | 0.52 | 0.54 | 0.39 | 0.41 | 0.50 | 0.48 | 0.38 | 0.44 | 0.42 | 0.38 | 0.35 | 0.31 |
| Profit before tax | 2.10 | 3.86 | 6.74 | 6.37 | 1.79 | 4.35 | -0.33 | 0.37 | 3.89 | 5.54 | 6.28 | 13.33 | 10.44 |
| Tax % | 3.33% | 0.26% | 0.00% | 0.00% | -15.08% | 0.46% | 0.00% | 0.00% | 15.68% | 13.18% | 21.66% | 19.13% | |
| 2.03 | 3.86 | 6.74 | 6.37 | 2.05 | 4.34 | -0.32 | 0.37 | 3.28 | 4.81 | 4.92 | 10.79 | 8.01 | |
| EPS in Rs | 2.17 | 4.12 | 7.20 | 6.80 | 2.19 | 4.63 | -0.34 | 0.40 | 3.50 | 5.14 | 5.25 | 11.52 | 8.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.02% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 22% |
| 3 Years: | 12% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 60% |
| 3 Years: | 71% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 21% |
| 3 Years: | 17% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| 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 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 |
| Reserves | 31.21 | 35.07 | 57.96 | 66.09 | 67.61 | 76.42 | 88.59 | 80.88 | 89.36 | 108.18 | 144.26 | 162.82 |
| 0.00 | 0.80 | 0.36 | 0.18 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 1.55 | 1.35 | 1.71 | 1.66 | 2.45 | 2.95 | 2.36 | 1.31 | 0.72 | 5.66 | 13.53 | 15.33 | |
| Total Liabilities | 42.12 | 46.58 | 69.39 | 77.29 | 79.42 | 88.77 | 100.31 | 91.55 | 99.44 | 123.20 | 167.15 | 187.51 |
| 2.71 | 3.30 | 3.24 | 2.94 | 3.11 | 2.70 | 2.72 | 2.94 | 3.58 | 3.16 | 2.78 | 2.00 | |
| 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 | 20.73 | 25.08 | 46.69 | 52.61 | 53.55 | 62.82 | 80.70 | 74.38 | 88.76 | 117.18 | 159.80 | 181.42 |
| 18.68 | 18.20 | 19.46 | 21.74 | 22.76 | 23.25 | 16.89 | 14.23 | 7.10 | 2.86 | 4.57 | 4.09 | |
| Total Assets | 42.12 | 46.58 | 69.39 | 77.29 | 79.42 | 88.77 | 100.31 | 91.55 | 99.44 | 123.20 | 167.15 | 187.51 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1.57 | -5.61 | -0.37 | -3.44 | -2.40 | -7.43 | 3.66 | -2.09 | -5.54 | 11.96 | -0.94 | -2.01 | |
| 1.22 | 4.18 | 1.08 | 4.82 | 3.77 | 4.77 | -3.01 | 2.32 | 5.45 | -12.06 | 2.05 | 4.03 | |
| -0.01 | 0.70 | -0.51 | -0.23 | -0.04 | -0.08 | -0.04 | -0.35 | -0.01 | -0.01 | -0.01 | -2.81 | |
| Net Cash Flow | -0.37 | -0.73 | 0.20 | 1.16 | 1.33 | -2.74 | 0.61 | -0.12 | -0.10 | -0.11 | 1.10 | -0.78 |
| Free Cash Flow | -1.57 | -7.06 | -0.85 | -3.53 | -2.95 | -7.84 | 3.17 | -2.69 | -6.62 | 12.09 | -0.94 | -1.11 |
| CFO/OP | 143% | 226% | 23% | 126% | 76% | 381% | -155% | 54% | 92% | -1,188% | 24% | 102% |
Ratios
Figures in Rs. Crores
| 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 | 88.91 | 103.24 | 70.07 | 52.14 | 20.58 | 85.90 | 135.39 | 24.59 | 18.21 | 8.30 | 23.79 | 26.20 |
| Inventory Days | 139.70 | 168.06 | 394.27 | 167.16 | 208.52 | 179.74 | 280.66 | 239.23 | 73.92 | 33.16 | 42.57 | 37.65 |
| Days Payable | 27.28 | 19.41 | 72.35 | 32.09 | 55.65 | 83.09 | 97.47 | 18.80 | 4.60 | 2.30 | 2.27 | 1.91 |
| Cash Conversion Cycle | 201.32 | 251.89 | 391.99 | 187.21 | 173.44 | 182.56 | 318.59 | 245.01 | 87.53 | 39.16 | 64.09 | 61.94 |
| Working Capital Days | 174.81 | 271.82 | 348.44 | 211.43 | 218.11 | 176.98 | 306.89 | 189.12 | 93.31 | 41.70 | 57.13 | 53.02 |
| ROCE % | 3.94% | 8.28% | 11.16% | 8.49% | 1.77% | 5.25% | -1.26% | -3.17% | 2.74% | 4.24% | 4.24% | 7.91% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees on Rolls count |
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| Plastic Sheets Share of Total External Revenue % |
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| Power & Fuel Cost per Kg of Production INR/Kg |
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| Production Volume Kgs |
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| Revenue Share from Single Major Customer % |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Announcement Under Regulation 30 - Appointment/Re-Appointment Of Directors Of The Company.
- At 3 Sep 2026 AGM, approved Alpesh Nayak appointment and Ramesh Tainwala, Devendra Anand, Uday Mehta reappointments.
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- 41st AGM approved SDBA & Co. as statutory auditors for five years till 46th AGM in 2031.
-
Announcement Under Regulation 30 - Proceedings Of 41St AGM Of The Company
- 41st AGM held on 3 September 2026; shareholders approved nine resolutions, including auditor change and director appointments.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 41st AGM held on 3 September 2026; shareholders approved nine resolutions, including auditor and director appointments.
Annual reports
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Annual Report 2026
from bse
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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
from bse
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Annual Report 2012
from bse
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.