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 ₹ 1,418 Cr.
- Current Price ₹ 267
- High / Low ₹ 405 / 164
- Stock P/E 60.4
- Book Value ₹ 127
- Dividend Yield 0.00 %
- ROCE 5.66 %
- ROE 3.54 %
- Face Value ₹ 2.00
Pros
Cons
- 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 BSE 1000
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 | |
|---|---|---|---|---|---|---|---|---|
| 179 | 176 | 229 | 301 | 283 | 277 | 314 | 333 | |
| 107 | 107 | 125 | 148 | 153 | 174 | 209 | 223 | |
| Operating Profit | 72 | 69 | 103 | 153 | 130 | 103 | 105 | 110 |
| OPM % | 40% | 39% | 45% | 51% | 46% | 37% | 34% | 33% |
| 6 | 4 | 5 | 8 | 12 | 14 | 24 | 28 | |
| Interest | 7 | 6 | 3 | 4 | 4 | 10 | 18 | 19 |
| Depreciation | 15 | 14 | 14 | 22 | 29 | 38 | 54 | 87 |
| Profit before tax | 56 | 53 | 92 | 135 | 109 | 69 | 58 | 31 |
| Tax % | 30% | 24% | 25% | 25% | 26% | 26% | 26% | 28% |
| 39 | 41 | 69 | 101 | 81 | 51 | 43 | 23 | |
| EPS in Rs | 2,027.06 | 2,108.74 | 3,583.25 | 18.92 | 15.17 | 9.63 | 8.03 | 4.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 21% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | -34% |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -23% |
| 1 Year: | -32% |
| 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 - Reusables Revenue Share % |
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| Domestic Distributors count |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window 23 Jun
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Clarification Sought From Tarsons Products Limited
18 Jun - Tarsons Products says no undisclosed material information amid price movement query on June 18, 2026.
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Clarification sought from Tarsons Products Ltd
18 Jun - Exchange has sought clarification from Tarsons Products Ltd on June 18, 2026 with reference to significant movement in price, in order to ensure that investors …
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Clarification Sought From Tarsons Products Limited
17 Jun - Tarsons Products clarifies volume spike is market-driven and no undisclosed material information exists.
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Clarification sought from Tarsons Products Ltd
17 Jun - Exchange has sought clarification from Tarsons Products Ltd on June 17, 2026, with reference to Movement in Volume.
Annual reports
Concalls
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Jun 2026Transcript PPT REC
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Feb 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptPPTREC
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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)