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 ₹ 1,785 Cr.
- Current Price ₹ 336
- High / Low ₹ 375 / 164
- Stock P/E 86.6
- Book Value ₹ 127
- Dividend Yield 0.00 %
- ROCE 5.66 %
- ROE 3.54 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 2.64 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.78% over past five years.
- Company has a low return on equity of 6.20% over last 3 years.
- 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
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 179 | 176 | 229 | 301 | 283 | 277 | 314 | 333 | 348 | |
| 107 | 107 | 125 | 148 | 153 | 174 | 209 | 223 | 236 | |
| Operating Profit | 72 | 69 | 103 | 153 | 130 | 103 | 105 | 110 | 112 |
| OPM % | 40% | 39% | 45% | 51% | 46% | 37% | 34% | 33% | 32% |
| 6 | 4 | 5 | 8 | 12 | 14 | 24 | 28 | 30 | |
| Interest | 7 | 6 | 3 | 4 | 4 | 10 | 18 | 19 | 21 |
| Depreciation | 15 | 14 | 14 | 22 | 29 | 38 | 54 | 87 | 94 |
| Profit before tax | 56 | 53 | 92 | 135 | 109 | 69 | 58 | 31 | 27 |
| Tax % | 30% | 24% | 25% | 25% | 26% | 26% | 26% | 28% | |
| 39 | 41 | 69 | 101 | 81 | 51 | 43 | 23 | 20 | |
| EPS in Rs | 2,027.06 | 2,108.74 | 3,583.25 | 18.92 | 15.17 | 9.63 | 8.03 | 4.26 | 3.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | -34% |
| TTM: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 6% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.19 | 0.20 | 0.19 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 135 | 197 | 244 | 479 | 559 | 610 | 642 | 665 |
| 65 | 36 | 34 | 22 | 111 | 257 | 231 | 274 | |
| 12 | 15 | 18 | 33 | 46 | 76 | 107 | 152 | |
| Total Liabilities | 212 | 249 | 296 | 544 | 726 | 953 | 991 | 1,102 |
| 89 | 92 | 120 | 189 | 225 | 252 | 460 | 661 | |
| CWIP | 7 | 19 | 22 | 32 | 119 | 267 | 233 | 159 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 44 |
| 116 | 137 | 153 | 323 | 382 | 434 | 285 | 238 | |
| Total Assets | 212 | 249 | 296 | 544 | 726 | 953 | 991 | 1,102 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 51 | 64 | 68 | 83 | 76 | 105 | 110 | 112 | |
| -34 | -26 | -64 | -138 | -179 | -296 | -52 | -138 | |
| -18 | -14 | -27 | 130 | 85 | 136 | -54 | 25 | |
| Net Cash Flow | -0 | 25 | -23 | 75 | -18 | -55 | 4 | -1 |
| Free Cash Flow | 18 | 38 | 6 | -48 | -113 | -79 | -42 | -14 |
| CFO/OP | 95% | 115% | 89% | 77% | 77% | 119% | 120% | 109% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 79 | 75 | 79 | 85 | 94 | 86 | 85 |
| Inventory Days | 333 | 365 | 277 | 478 | 642 | 528 | 419 | 387 |
| Days Payable | 14 | 44 | 35 | 75 | 54 | 42 | 36 | 48 |
| Cash Conversion Cycle | 409 | 400 | 317 | 482 | 672 | 580 | 469 | 423 |
| Working Capital Days | 86 | 110 | 108 | 150 | 166 | -24 | 37 | -30 |
| ROCE % | 27% | 37% | 35% | 19% | 10% | 9% | 6% |
Insights
In beta| Mar 2019 | Mar 2020 | Jun 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ODM Share of Export Revenue % |
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| Product Mix - Consumables Revenue Share % |
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| Product Mix - Reusables Revenue Share % |
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| Domestic Distributors count |
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| Number of Manufacturing Facilities count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication for 43rd Annual General Meeting -Completion of dissemination of Notice and Annual Report for FY 2025-26.
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Intimation Under Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015 - Letter To Shareholders
- Tarsons sent shareholders web links for FY26 annual report and 43rd AGM notice.
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Business Responsibility and Sustainability Reporting (BRSR)
- Tarsons submitted its FY2025-26 Business Responsibility and Sustainability Report to BSE and NSE.
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Notice Of The 43Rd Annual General Meeting Of The Company For The Financial Year Ended March 31, 2026
- 43rd AGM on 24 Sep 2026; approve RPT up to ₹3,750 million and ₹41.39 million remuneration waiver.
- Notice Of The 43Rd Annual General Meeting Of The Company For The Financial Year Ended March 31, 2026
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptAI SummaryPPT
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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
Business Profile:[1]
Tarson is a labware company engaged
in designing, development, manufacturing
and marketing of consumables, reusables
and others (including benchtop equipment & instruments)