Tankup Engineers Ltd
Incorporated in 2020, Tankup Engineers
Ltd designs and manufactures mobility
and storage solutions for special-purpose applications[1]
- Market Cap ₹ 303 Cr.
- Current Price ₹ 573
- High / Low ₹ 818 / 153
- Stock P/E 99.8
- 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 11.3 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 |
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% |
Documents
Announcements
-
Reply to Clarification- Financial results
20 January 2026 - Approved unaudited standalone results for half-year ended Sep 30, 2025; submitted utilisation of issue proceeds per SEBI circular.
-
Bagging/Receiving of orders/contracts
16 January 2026 - Won Rs.8.004 Crore order from Indian Air Force for three 3-compartment diesel bowsers; 12-month execution.
-
Clarification - Financial Results
13 January 2026 - Exchange has sought clarification from Tankup Engineers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
12 January 2026 - Reg 74(5) certificate: all shares dematerialised; no rematerialisation requests for quarter ended Dec 31, 2025.
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Press Release
13 November 2025 - H1 FY26 revenue ₹2,165.50 lakh; PAT ₹203.79 lakh; order book ₹42.67 crore; 291% YoY PAT.
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.