TPI India Ltd.
BSE: TPINDIA · Packaging · sector
₹12.98BSE close 2026-10-26
Key numbers
Market cap₹56 cr
Price₹12.98
52w high / low₹27 / ₹13
P/E18.8xSector median 16.2x
P/B–Sector median 1.4x
Book value₹-2.7
Dividend yield–Sector median 0.58%
ROE–Sector median 9.8%
ROCE123.2%Sector median 11.6%
OPM12.6%Sector median 9.2%
Debt / equity–Sector median 0.39x
EV/EBITDA15.7xSector median 7.7x
Interest cover3.8x
Current ratio0.45x
Sales growth 3y+16.9%Sector median +4.7%
Profit growth 3y-46.1%Sector median +0.8%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹15 cr (FY26): borrowings are higher by ₹15 cr.
- Operating profit covered interest 3.8x in the last 12 months.
- Net loss in 1 of the last 6 quarters.
- Other income was 9% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹12.98 on 2026-10-26: -51.9% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹23.25 · low ₹12.98
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 8 | 7 | 9 | 8 | 10 | 9 |
| EBITDA | 1 | 0 | 1 | 1 | 2 | 1 |
| OPM % | 9.1% | 5.1% | 7.6% | 11.1% | 21.5% | 9.1% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | -0 | 0 | 1 | 2 | 0 |
| EPS (₹) | 0.06 | 0.03 | 0.05 | 0.12 | 0.43 | 0.09 |
| Revenue YoY | +21.8% | +27.3% | ||||
| Profit YoY | +679.2% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 23 | 21 | 24 | 30 | 34 | 36 |
| EBITDA | -0 | 17 | 2 | 2 | 4 | 5 |
| Net profit | -1 | 16 | 0 | 0 | 2 | 3 |
| EPS (₹) | -0.23 | 3.70 | 0.11 | 0.08 | 0.58 | 0.69 |
| Revenue growth | -6.6% | +11.5% | +27.1% | +12.7% | – | |
| Profit growth | – | -97.1% | -23.9% | +611.4% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.8% | – | – |
| Net profit | -46.1% | – | – |
| EPS | -46.1% | – | – |
| Share price | – | -11.8% (2y) | -19.1% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | -14 | -12 |
| Borrowings | 16 | 15 |
| Cash & equivalents | 0 | 0 |
| Total assets | 9 | 13 |
| Fixed assets | 3 | 3 |
| Capital work in progress | 0 | – |
| Investments | 0 | 0 |
| Receivables | 3 | 4 |
| Inventory | 3 | 4 |
| Payables | 4 | 4 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 1 | 3 |
| Cash from investing | -0 | -1 |
| Cash from financing | -1 | -2 |
| Capex | 0 | 1 |
| Free cash flow | 1 | 2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | -2.5% | -21.3% |
| ROCE % | 87.6% | 110.7% |
| Debtor days | 32 | 47 |
| Inventory days | 46 | 60 |
| Payable days | 62 | 72 |
| Cash conversion cycle (days) | 16 | 35 |
| Working capital days | -130 | -115 |
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| TPINDIA | ₹56 cr | 18.8x | – | – | 123.2% | 12.6% | +16.9% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | TPINDIA |
| BSE code | 500421 |
| ISIN | INE578C01021 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.