Tarsons Products Ltd
Tarsons Products Ltd. (TPL) is an Indian labware company engaged in the designing, development, manufacturing, and marketing of 'consumables', 'reusables' and 'others' including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations, Diagnostic companies, and hospitals[1]
- Market Cap ₹ 1,715 Cr.
- Current Price ₹ 322
- High / Low ₹ 492 / 280
- Stock P/E 43.0
- Book Value ₹ 123
- Dividend Yield 0.62 %
- ROCE 8.57 %
- ROE 6.71 %
- Face Value ₹ 2.00
Pros
- Company's working capital requirements have reduced from 59.7 days to 36.8 days
Cons
- Stock is trading at 2.63 times its book value
- Company has a low return on equity of 9.91% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 6.92% of profits over last 3 years
* 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
Healthcare Healthcare Healthcare Equipment & Supplies Medical Equipment & Supplies
Part of BSE Healthcare BSE SmallCap BSE Allcap
Quarterly 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 | |
---|---|---|---|---|---|---|---|---|
179 | 176 | 229 | 301 | 283 | 277 | 314 | 321 | |
107 | 107 | 125 | 148 | 153 | 174 | 209 | 210 | |
Operating Profit | 72 | 69 | 103 | 153 | 130 | 103 | 105 | 111 |
OPM % | 40% | 39% | 45% | 51% | 46% | 37% | 34% | 34% |
6 | 4 | 5 | 8 | 12 | 14 | 24 | 24 | |
Interest | 7 | 6 | 3 | 4 | 4 | 10 | 18 | 18 |
Depreciation | 15 | 14 | 14 | 22 | 29 | 38 | 54 | 63 |
Profit before tax | 56 | 53 | 92 | 135 | 109 | 69 | 58 | 54 |
Tax % | 30% | 24% | 25% | 25% | 26% | 26% | 26% | |
39 | 41 | 69 | 101 | 81 | 51 | 43 | 40 | |
EPS in Rs | 2,027.06 | 2,108.74 | 3,583.25 | 18.92 | 15.17 | 9.63 | 8.03 | 7.49 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 1% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | -25% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -25% |
1 Year: | -29% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 10% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.19 | 0.20 | 0.19 | 11 | 11 | 11 | 11 |
Reserves | 135 | 197 | 244 | 479 | 559 | 610 | 642 |
65 | 36 | 34 | 22 | 111 | 257 | 231 | |
12 | 15 | 18 | 33 | 46 | 76 | 107 | |
Total Liabilities | 212 | 249 | 296 | 544 | 726 | 953 | 991 |
89 | 92 | 120 | 189 | 225 | 252 | 460 | |
CWIP | 7 | 19 | 22 | 32 | 119 | 267 | 233 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
116 | 137 | 153 | 323 | 382 | 434 | 285 | |
Total Assets | 212 | 249 | 296 | 544 | 726 | 953 | 991 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
51 | 64 | 68 | 83 | 76 | 105 | 110 | |
-34 | -26 | -64 | -138 | -179 | -296 | -52 | |
-18 | -14 | -27 | 130 | 85 | 136 | -54 | |
Net Cash Flow | -0 | 25 | -23 | 75 | -18 | -55 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 91 | 79 | 75 | 79 | 85 | 94 | 86 |
Inventory Days | 333 | 365 | 277 | 478 | 642 | 528 | 419 |
Days Payable | 14 | 44 | 35 | 75 | 54 | 42 | 36 |
Cash Conversion Cycle | 409 | 400 | 317 | 482 | 672 | 580 | 469 |
Working Capital Days | 86 | 110 | 108 | 150 | 166 | -24 | 37 |
ROCE % | 27% | 37% | 35% | 19% | 10% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Aug - Of Newspaper Advertisement - Confirming the dissemination of Notice of 42nd Annual General Meeting and Annual Report for FY 2024-25 of the Company.
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Business Responsibility and Sustainability Reporting (BRSR)
30 Aug - Submitted BRSR for FY2024-25 on 30 Aug 2025; available on Tarsons website.
- Notice Of The 42Nd Annual General Meeting Of The Company For The Financial Year Ended 31St March, 2025. 30 Aug
- Reg. 34 (1) Annual Report. 30 Aug
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Aug - For Newspaper Publication - Public Notice for conducting the 42nd Annual General Meeting (AGM).
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Dec 2023TranscriptPPTREC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
India’s Leading Labware Company[1]
One of the leading Indian labware company engaged in designing, development, manufacturing and marketing of consumables, reusables and others (including benchtop
equipment & instruments)