Tapi Fruit Processing Ltd
Incorporated in 1999, Tapi Fruit Processing Ltd is engaged
in the manufacturing and selling of Jam and Jelly based products.[1]
- Market Cap ₹ 25.4 Cr.
- Current Price ₹ 59.0
- High / Low ₹ 105 / 54.9
- Stock P/E
- Book Value ₹ 25.6
- Dividend Yield 0.00 %
- ROCE -10.3 %
- ROE -14.8 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.43%
- The company has delivered a poor sales growth of 8.84% over past five years.
- Company has a low return on equity of -8.90% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 4.25 | 11.46 | 13.04 | 15.16 | 20.50 | 21.00 | 17.50 | 19.22 | |
| 4.05 | 10.48 | 12.13 | 13.99 | 19.99 | 20.76 | 18.27 | 18.96 | |
| Operating Profit | 0.20 | 0.98 | 0.91 | 1.17 | 0.51 | 0.24 | -0.77 | 0.26 |
| OPM % | 4.71% | 8.55% | 6.98% | 7.72% | 2.49% | 1.14% | -4.40% | 1.35% |
| 0.00 | 0.00 | 0.09 | 0.05 | 0.06 | 0.36 | 0.24 | 0.06 | |
| Interest | 0.19 | 0.48 | 0.42 | 0.43 | 0.16 | 0.07 | 0.10 | 0.35 |
| Depreciation | 0.14 | 0.44 | 0.47 | 0.58 | 0.62 | 0.77 | 0.93 | 1.79 |
| Profit before tax | -0.13 | 0.06 | 0.11 | 0.21 | -0.21 | -0.24 | -1.56 | -1.82 |
| Tax % | -46.15% | 100.00% | 9.09% | 28.57% | -9.52% | 4.17% | 1.28% | |
| -0.07 | -0.01 | 0.10 | 0.16 | -0.19 | -0.25 | -1.57 | -1.83 | |
| EPS in Rs | -2.80 | -0.40 | 4.00 | 6.40 | -0.49 | -0.60 | -3.67 | -4.27 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 5% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -24% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | -9% |
| Last Year: | -15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 3.91 | 4.17 | 4.27 | 4.30 |
| Reserves | -0.07 | -0.08 | 0.02 | 0.18 | 3.94 | 8.14 | 7.56 | 6.71 |
| 4.25 | 4.56 | 5.09 | 5.34 | 0.48 | 1.76 | 6.79 | 7.17 | |
| 1.06 | 1.17 | 2.02 | 2.26 | 1.30 | 0.59 | 2.67 | 6.03 | |
| Total Liabilities | 5.49 | 5.90 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.21 |
| 2.66 | 3.20 | 3.19 | 3.86 | 4.05 | 4.97 | 6.36 | 16.69 | |
| CWIP | 0.19 | 0.00 | 0.33 | 0.00 | 0.00 | 0.87 | 10.61 | 0.92 |
| Investments | 0.00 | 0.01 | 0.01 | 0.01 | 0.53 | 0.37 | 0.02 | 0.02 |
| 2.64 | 2.69 | 3.85 | 4.16 | 5.05 | 8.45 | 4.30 | 6.58 | |
| Total Assets | 5.49 | 5.90 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.21 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -1.33 | 1.10 | 0.71 | 0.98 | -1.26 | -0.23 | 2.33 | |
| -2.99 | -0.80 | -0.79 | -0.92 | -1.34 | -2.29 | -11.56 | |
| 4.34 | -0.17 | 0.11 | -0.19 | 2.60 | 5.98 | 5.76 | |
| Net Cash Flow | 0.02 | 0.13 | 0.02 | -0.13 | 0.00 | 3.46 | -3.47 |
| Free Cash Flow | -4.32 | 0.31 | -0.48 | 0.06 | -2.08 | -2.68 | -9.58 |
| CFO/OP | -665% | 112% | 81% | 87% | -247% | -96% | -303% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60.98 | 24.21 | 35.27 | 33.47 | 32.76 | 23.64 | 28.78 |
| Inventory Days | 173.22 | 85.06 | 105.97 | 92.82 | 48.63 | 46.46 | 57.57 |
| Days Payable | 112.59 | 52.07 | 79.59 | 71.74 | 30.40 | 0.99 | 60.09 |
| Cash Conversion Cycle | 121.60 | 57.20 | 61.64 | 54.55 | 51.00 | 69.11 | 26.27 |
| Working Capital Days | 35.21 | -7.01 | -0.84 | 6.50 | 61.25 | 58.23 | -2.09 |
| ROCE % | 11.79% | 10.51% | 11.68% | -0.57% | -2.59% | -10.28% |
Insights
In beta| Dec 2023 | Nov 2025 | |
|---|---|---|
| Global Export Reach Countries (>) |
|
|
| Total Employees Numbers |
||
| Total Production Area SQ FT |
||
| Trade Receivables Turnover Ratio Times |
||
| Capacity Utilization - Fruit Jam % |
||
| Capacity Utilization - Fruit Jelly Candy % |
||
| Capacity Utilization - Health Supplement Gummies % |
||
| Capacity Utilization - Tomato Ketchup % |
||
| Installed Capacity - Fruit Jam MT per Month |
||
| Installed Capacity - Fruit Jelly Candy MT per Month |
||
| Installed Capacity - Health Supplement Gummies MT per Month |
||
| Installed Capacity - Tomato Ketchup MT per Month |
||
| Solar Power Generation Units |
||
Documents
Announcements
-
Copy of Newspaper Publication
3 April 2026 - Newspaper ad published for postal ballot notice and e-voting; remote voting from April 3 to May 2, 2026.
-
Shareholders meeting
2 April 2026 - Postal ballot from March 30, 2026 seeks approval to add nutraceuticals and pharma objects; e-voting April 3-May 2, 2026.
-
Amendment to AOA/MOA
30 March 2026 - Board approved MOA alteration to add nutraceuticals/pharmaceuticals; postal ballot with cut-off March 27, 2026.
-
Outcome of Board Meeting
30 March 2026 - Board approved MOA alteration to include pharmaceuticals; postal ballot initiated; cut-off March 27, 2026; scrutinizer appointed.
-
Trading Window
25 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY Mar 31, 2026 results.
Business Overview:[1]
TFPL is in the business of processing fruits and vegetables and selling them
as jams and jelly products.