Tainwala Chemical And Plastic (I) Limited (TAINWALCHM)

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Tainwala Chemical And Plastic (I) Limited (TAINWALCHM) · mywealthgrid

About

Tainwala Chemical And Plastic manufactures industrial plastic products within the Industrials sector. With a market cap of ₹196 Cr and recent quarterly revenue around ₹1 Cr, it operates at micro-cap scale. The company carries zero debt and demonstrated operational capability in high-margin periods (16.67% OPM in Dec 2025), though revenue and margins remain volatile.

Face value: ₹10

Market cap

₹191 Cr

P/E

23.9×

P/B

1.1×

Dividend yield

1.5%

ROE

6.6%

ROCE

7.5%

Debt / equity

OPM

2.5%

EPS (TTM)

₹8.6

Book value

₹184.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue volatility across recent quarters (₹0.95 Cr to ₹10.08 Cr) raises questions about demand stability; researcher should verify underlying causes
Operating margins ranged from -112.78% (Mar 2026) to +16.67% (Dec 2025), suggesting either high fixed costs or weak cost control; verify cost structure
Valuation mismatch: PE of 24.47 against ROE of 6.62% signals limited earnings quality; verify whether company justifies multiple
Minimal institutional investor presence (FII 0.04%, DII 0.22%) indicates low research coverage and typical micro-cap liquidity concerns

Generated analysis · source review pending

Growth drivers

Dec 2025 and Sep 2025 achieved ₹10.08 Cr and ₹5.41 Cr revenue with 16.67% and 5.55% OPM respectively; researcher should verify if these levels represent sustainable operational throughput
Zero debt (D/E 0) with recent dividend (Aug 2026) provides financial flexibility; verify management's planned deployment of capital for growth
Industrial plastics demand from India's manufacturing and infrastructure sectors; researcher should verify market growth rates and company's competitive position

Generated analysis · source review pending

2,510 historical price candles were omitted because the exchange source has not been verified.

₹203.3-1%1Y

Quick read

rule-based

Pros

+Profit CAGR of 48.7% over the last 3 years
+Revenue CAGR of 22.5% over the last 5 years
+Almost debt-free (debt/equity 0)
+Dividend payout of 35.2% of profit
+High promoter holding of 68.1% with no pledge

Cons

−Low return on equity of 4.9% (3-yr avg)
−Thin operating margin of 2.5%

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 29
Growth: 37

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	2	2	12	11	6	8	13	18	16	18
COGS	-7	2	2	10	9	5	6	12	16	13	13
Gross profit	—	0	0	1	2	1	2	1	2	4	4
	19	1	1	5	4	4	6	6	2	2	4
	-2	-0	-0	-3	-2	-2	-4	-5	-0	1	0
OPM %	-25.3%	-19%	-19%	-29.5%	-18.7%	-37.4%	-48.1%	-42.4%	-1.3%	7.7%	2.5%
Depreciation	1	0	0	0	1	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
	7	7	7	6	7	3	5	10	6	5	13
Profit before tax	4	7	7	2	4	-0	0	4	6	6	13
Tax	—	0	0	0	0	0	0	1	1	1	3
Tax %	—	0%	0%	0%	0%	0%	0%	15.7%	13.2%	21.7%	19.1%
	4	7	7	2	4	-0	0	3	5	5	11
PAT margin %	40.5%	271.4%	271.4%	17.8%	41%	-5%	4.8%	25.6%	26.7%	30%	60.5%
EPS (₹)	4.1	7.2	7.2	2.2	4.6	-0.4	0.4	3.5	5.1	5.3	11.5
EPS adjusted (₹)	—	—	—	2.2	4.6	-0.3	0.4	3.5	5.1	5.3	11.5
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9	9
Reserves	68	76	—	81	89	108	144	163
Minority interest	—	—	—	0	—	—	—	—
	0	0	—	0	0	0	0	0
	2	3	—	1	1	6	14	15
Total equity & liabilities	79	89	—	92	99	123	167	188
	3	3	3	3	4	3	3	2
CWIP	—	—	—	—	0	—	0	0
Investments	54	63	—	74	89	117	160	181
	23	23	—	14	7	3	5	4
Total assets	79	89	—	92	99	123	167	188

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Tradable Items	13.47	0.3	0.01	0	0.01	3,000
Plastic sheets	4.37	0.99

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	12.4%	18.6%	18.4%	27.1%	7.2%	12%	21.7%	25%
EBITDA margin %	-29.5%	-18.7%	-37.4%	-48.1%	-42.4%	-1.3%	7.7%	2.5%
EBIT margin %	-33%	-23.4%	-44.8%	-53%	-45.8%	-3.6%	5.4%	0.6%
PAT margin %	17.8%	41%	-5%	4.8%	25.6%	26.7%	30%	60.5%
Working capital
Receivable days	21	86	—	25	18	8	24	26
Inventory days	209	180	—	239	74	33	43	38
Payable days	—	—	—	19	5	2	2	2
NWC days	—	—	—	245	88	39	64	62
Leverage
Current ratio	6.32	5.86	—	7.68	15.75	11.24	14.71	8.14
Debt to EBITDA	—	—	—	—	—	—	0	0
Debt to equity	0	0	—	0	0	0	0	0
Interest coverage	45.7	146	-7	2.1	389	555	629	—
Asset turnover	0.15	0.12	—	0.08	0.13	0.15	0.1	0.1
Return ratios
Return on assets %	2.6%	4.9%	—	0.4%	3.3%	3.9%	2.9%	5.8%
Return on capital employed %	2.4%	5.3%	—	0.8%	4.1%	5%	4.3%	7.5%
Return on equity %	2.7%	5.1%	—	0.4%	3.3%	4.1%	3.2%	6.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.05%	67.45%	67.45%	67.45%	67.45%	67.45%	67.46%	67.46%	67.46%	67.51%	67.85%	68.12%
	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.04%
	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.69%	32.29%	32.29%	32.29%	32.29%	32.29%	32.28%	32.28%	32.27%	32.23%	31.89%	31.62%
No. of shareholders	—	—	—	—	—	—	—	—	8,335	8,323	8,096	7,894

Promoter holding up 1.07 percentage points since Sep 2023.

23 deals · 7 Apr 2022 – 16 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Dec 2025	ANKITA VISHAL SHAH	Bulk	NSE	Sell	62,537	₹229.71	₹1.44 Cr
16 Dec 2025	ANKITA VISHAL SHAH	Bulk	NSE	Buy	62,537	₹225.58	₹1.41 Cr
4 Aug 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	53,361	₹261.25	₹1.39 Cr
4 Aug 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	53,361	₹260.82	₹1.39 Cr
22 Oct 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	61,738	₹311.36	₹1.92 Cr
22 Oct 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	61,738	₹310.83	₹1.92 Cr
17 May 2024	SIGMA INSIGHTS PRIVATE LIMITED	Bulk	NSE	Buy	51,576	₹162.71	₹0.84 Cr
6 Dec 2023	VEENA RAJESH SHAH	Bulk	NSE	Sell	69,259	₹141.70	₹0.98 Cr
6 Dec 2023	VEENA RAJESH SHAH	Bulk	NSE	Buy	69,259	₹142.33	₹0.99 Cr
6 Jan 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,03,466	₹143.40	₹1.48 Cr

1–10 of 23

1 / 3

Mr. RAMESH TAINWALAExecutive Director-Chairperson-MD
Mr. RAKESH DUNGARMAL TAINWALANon-Executive - Non Independent Director
Ms. UPASANA BABELExecutive Director
Mr. KETAN DHIRAJLAL BARAINon-Executive - Independent Director
Mr. UDAY RAMNIKLAL MEHTANon-Executive - Independent Director
Mr. DEVENDRA SALIGRAM ANANDNon-Executive - Independent Director
Mr. Alpesh Jagdishbhai NayakNon - Executive Independent Director
Ms. Divya SabooCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Tainwala Chemical And Plastic (I) Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Interim dividend11 Aug 2026 · ex-date₹3
Interim dividend11 Aug 2025 · ex-date₹3

1

Board meeting to consider results5 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

4 Sept 2026, 8:28 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Sept 2026, 7:02 pmCompany Update

Announcement Under Regulation 30 - Appointment/Re-Appointment Of Directors Of The Company.

General PDF

3 Sept 2026, 6:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

3 Sept 2026, 6:42 pmCompany Update

Announcement Under Regulation 30 - Proceedings Of 41St AGM Of The Company

General PDF

3 Sept 2026, 6:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

31 Aug 2026, 4:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Aug 2026, 3:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Aug 2026, 3:48 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
4 Sept 2026, 8:28 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
3 Sept 2026, 7:02 pm	Company Update General	Announcement Under Regulation 30 - Appointment/Re-Appointment Of Directors Of The Company.

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	12.4%	18.6%	18.4%	27.1%	7.2%	12%	21.7%	25%
EBITDA margin %	-29.5%	-18.7%	-37.4%	-48.1%	-42.4%	-1.3%	7.7%	2.5%
EBIT margin %	-33%	-23.4%	-44.8%	-53%	-45.8%	-3.6%	5.4%	0.6%
PAT margin %	17.8%	41%	-5%	4.8%	25.6%	26.7%	30%	60.5%
Working capital
Receivable days	21	86	—	25	18	8	24	26
Inventory days	209	180	—	239	74	33	43	38
Payable days	—	—	—	19	5	2	2	2
NWC days	—	—	—	245	88	39	64	62
Leverage
Current ratio	6.32	5.86	—	7.68	15.75	11.24	14.71	8.14
Debt to EBITDA	—	—	—	—	—	—	0	0
Debt to equity	0	0	—	0	0	0	0	0
Interest coverage	45.7	146	-7	2.1	389	555	629	—
Asset turnover	0.15	0.12	—	0.08	0.13	0.15	0.1	0.1
Return ratios
Return on assets %	2.6%	4.9%	—	0.4%	3.3%	3.9%	2.9%	5.8%
Return on capital employed %	2.4%	5.3%	—	0.8%	4.1%	5%	4.3%	7.5%
Return on equity %	2.7%	5.1%	—	0.4%	3.3%	4.1%	3.2%	6.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-2	-6	1	9	-2
	7	2	5	-1	-8	4
	0	-0	-0	-0	-0	-3
Net cash flow	11	-0	-0	-0	1	-1
Free cash flow	3	-3	-7	1	9	-2
CFO / Operating profit %	—	—	—	—	740.9%	-446.7%

Tainwala Chemical And Plastic (I) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

2

1

Announcements

2

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Plastic Sheet · revenue

Tainwala Chemical And Plastic (I) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends2

Board meetings1

Announcements

Dividends2

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Plastic Sheet · revenue

2

1

2

1