Tankup Engineers Ltd
Incorporated in 2020, Tankup Engineers
Ltd designs and manufactures mobility
and storage solutions for special-purpose applications[1]
- Market Cap ₹ 309 Cr.
- Current Price ₹ 583
- High / Low ₹ 818 / 153
- Stock P/E 102
- Book Value ₹ 50.9
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 29.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 58.9%
Cons
- Stock is trading at 11.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 89.4 to 110 days.
- Working capital days have increased from 59.2 days to 90.8 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 Products Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1.40 | 11.81 | 19.42 | 20.30 | 35.21 | |
| 1.31 | 10.52 | 16.01 | 17.77 | 30.97 | |
| Operating Profit | 0.09 | 1.29 | 3.41 | 2.53 | 4.24 |
| OPM % | 6.43% | 10.92% | 17.56% | 12.46% | 12.04% |
| -0.00 | 0.04 | 0.12 | 0.17 | 0.61 | |
| Interest | 0.02 | 0.19 | 0.35 | 0.62 | 0.93 |
| Depreciation | 0.02 | 0.20 | 0.16 | 0.21 | 0.21 |
| Profit before tax | 0.05 | 0.94 | 3.02 | 1.87 | 3.71 |
| Tax % | 20.00% | 15.96% | 17.55% | 18.72% | |
| 0.05 | 0.79 | 2.48 | 1.52 | 3.04 | |
| EPS in Rs | 3.33 | 31.60 | 99.20 | 3.90 | 6.41 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 144% |
| TTM: | 93% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 212% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.25 | 0.25 | 3.90 | 5.30 |
| Reserves | 0.05 | 0.86 | 3.34 | 2.76 | 21.65 |
| 1.42 | 2.57 | 3.70 | 9.47 | 18.51 | |
| 0.70 | 4.99 | 3.14 | 5.40 | 12.18 | |
| Total Liabilities | 2.32 | 8.67 | 10.43 | 21.53 | 57.64 |
| 0.73 | 0.78 | 0.67 | 0.84 | 2.63 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 1.59 | 7.89 | 9.76 | 20.69 | 55.01 | |
| Total Assets | 2.32 | 8.67 | 10.43 | 21.53 | 57.64 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -0.60 | -0.66 | -0.80 | -5.80 | |
| -0.54 | -0.30 | -0.05 | -0.91 | |
| 1.22 | 1.10 | 0.70 | 6.73 | |
| Net Cash Flow | 0.08 | 0.14 | -0.15 | 0.01 |
| Free Cash Flow | -1.09 | -0.91 | -0.85 | -6.18 |
| CFO/OP | -667% | -38% | -7% | -215% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 62.57 | 98.90 | 59.20 | 110.04 |
| Inventory Days | 342.19 | 151.94 | 171.16 | 350.77 |
| Days Payable | 228.12 | 135.15 | 51.41 | 130.48 |
| Cash Conversion Cycle | 176.63 | 115.69 | 178.96 | 330.33 |
| Working Capital Days | 20.86 | 26.58 | 60.14 | 90.80 |
| ROCE % | 42.64% | 61.44% | 21.26% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Aug 2025 | |
|---|---|---|---|---|
| Customer Count Number |
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| Installed Capacity Metric Tons (MT) |
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| Actual Production Metric Tons (MT) |
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| Capacity Utilization % |
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| Geographical Concentration (UP Revenue Share) % |
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| Order Book ₹ Lakhs |
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Documents
Announcements
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Price movement
10 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remain in demat form.
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Trading Window
25 March 2026 - Trading window closed from Apr 1 until 48 hours after audited results for period ended Mar 31, 2026; PAN frozen.
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Change in Management
12 February 2026 - CFO Lalit Gupta appointed effective 12-Feb-2026; Pankhuri Lath resigned effective 12-Feb-2026.
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Outcome of Board Meeting
12 February 2026 - CFO Pankhuri Lath resigned effective 12-Feb-2026; Lalit Gupta appointed CFO effective 12-Feb-2026.
Business Overview:[1]
TEL manufactures specialized vehicle superstructures designed for complex mobility and storage solutions across various capacities. Its expertise lies in fabricating large containers and tanks-like structures used for transporting and storing different materials including liquids, gases, and solids—customized to meet specific client needs regarding size, material, capacity, and features.