Tankup Engineers Ltd

AI

Tankup Engineers Ltd

₹ 1,672 -4.93%
02 Nov - close price
About

Incorporated in 2020, Tankup Engineers
Ltd designs and manufactures mobility
and storage solutions for special-purpose applications[1]

Key Points

Core Business and Products[1]
The company manufactures specialised vehicle superstructures and mobile storage solutions for liquids, gases and solids, including mobile refuellers, water sprinklers, service vans, explosive vans, tank trucks, blasting shelters and workshop containers. It serves petroleum, mining, infrastructure, defence and industrial sectors, and offers IoT-enabled diesel refuellers with GPS tracking, dispensing systems and smart locks. It listed on the NSE SME platform on 30 Apr’25 following its IPO.

  • Market Cap ₹ 885 Cr.
  • Current Price ₹ 1,672
  • High / Low ₹ 1,824 / 390
  • Stock P/E 185
  • Book Value ₹ 56.1
  • Dividend Yield 0.00 %
  • ROCE 19.0 %
  • ROE 26.3 %
  • Face Value ₹ 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%

Cons

  • Stock is trading at 29.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 246 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.

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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
11.45 6.75 13.55 21.66 35.60
9.43 5.89 11.92 19.05 30.99
Operating Profit 2.02 0.86 1.63 2.61 4.61
OPM % 17.64% 12.74% 12.03% 12.05% 12.95%
0.09 0.09 0.09 0.52 0.24
Interest 0.20 0.22 0.37 0.56 1.32
Depreciation 0.08 0.10 0.11 0.10 0.12
Profit before tax 1.83 0.63 1.24 2.47 3.41
Tax % 16.39% 19.05% 18.55% 17.81% 19.35%
1.52 0.52 1.00 2.04 2.74
EPS in Rs 5.43 1.33 2.56 3.85 5.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.40 11.81 19.42 20.30 57.25
1.31 10.52 16.01 17.80 50.03
Operating Profit 0.09 1.29 3.41 2.50 7.22
OPM % 6.43% 10.92% 17.56% 12.32% 12.61%
0.00 0.04 0.12 0.17 0.76
Interest 0.02 0.19 0.35 0.59 1.88
Depreciation 0.02 0.20 0.16 0.21 0.22
Profit before tax 0.05 0.94 3.02 1.87 5.88
Tax % 20.00% 15.96% 17.55% 18.72% 18.88%
0.05 0.79 2.48 1.52 4.78
EPS in Rs 0.29 2.82 8.86 3.90 9.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 69%
TTM: 182%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 82%
TTM: 214%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 203%
Return on Equity
10 Years: %
5 Years: 36%
3 Years: 34%
Last Year: 26%

Balance Sheet

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.15 0.25 0.25 3.90 5.30
Reserves 0.05 0.86 3.34 2.76 24.39
1.42 2.57 3.70 9.47 36.05
0.70 4.99 3.14 5.40 6.80
Total Liabilities 2.32 8.67 10.43 21.53 72.54
0.73 0.78 0.67 0.84 2.70
CWIP 0.00 0.00 0.00 0.00 0.24
Investments 0.00 0.00 0.00 0.00 0.00
1.59 7.89 9.76 20.69 69.60
Total Assets 2.32 8.67 10.43 21.53 72.54

Cash Flows

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.60 -0.66 -0.80 -5.80 -34.36
-0.54 -0.30 -0.05 -0.91 -1.39
1.22 1.10 0.70 6.73 36.46
Net Cash Flow 0.08 0.14 -0.15 0.01 0.71
Free Cash Flow -1.09 -0.91 -0.85 -6.18 -36.68
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -667% -38% -7% -218% -464%

Ratios

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 62.57 98.90 59.20 110.04 245.84
Inventory Days 342.19 151.94 171.16 350.77 164.21
Days Payable 228.12 135.15 51.41 130.48 39.86
Cash Conversion Cycle 176.63 115.69 178.96 330.33 370.18
Working Capital Days 20.86 26.58 60.14 90.80 123.62
ROCE % 42.64% 61.44% 21.01% 18.96%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024
Actual Production Volume
MT

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Capacity Utilization
%
Infrastructure End-Use Industry Revenue Share
%
Number of Customers
count
Refueller Revenue Share
%
Top 10 Customer Concentration
%
Uttar Pradesh Revenue Concentration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Apr 2025Sep 2025Mar 2026Sep 2026
73.65% 73.65% 73.65% 73.65%
1.72% 0.21% 0.19% 0.00%
10.61% 7.59% 7.29% 6.75%
14.01% 18.55% 18.86% 19.59%
No. of Shareholders 687215286372

* 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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