Tamilnadu Petroproducts Limited (TNPETRO)

Loading page…

Tamilnadu Petroproducts Limited (TNPETRO) · mywealthgrid

About

Tamilnadu Petroproducts Limited operates in petrochemicals (materials sector, India), with market cap ₹998.37 Cr. Recent quarters show sharp revenue swings—₹124.5 Cr (Mar 2026) to ₹780.15 Cr (Jun 2026)—needs investigation into operational or accounting drivers. Company sustains annual dividends since 2021, indicating steady cash generation.

Face value: ₹10

Market cap

₹1,109 Cr

P/E

7.8×

P/B

1.1×

Dividend yield

1.2%

ROE

10.1%

ROCE

11.7%

Debt / equity

0.44

OPM

8.9%

EPS (TTM)

₹15.8

Book value

₹113.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin swings 7.38%–15.49% across recent quarters, exposing business to input cost cycles typical of petrochemicals

Quarterly revenue ranged ₹124.5–₹780.15 Cr; verify whether volatility reflects capacity limits, contract timing, or accounting shifts

Minimal institutional backing: DII 0%, FII only 11.11% (Jun 2026); verify reasons and liquidity implications

Commodity input exposure: earnings depend on crude oil and feedstock prices; verify hedging and customer cost pass-through

Generated analysis · source review pending

Growth drivers

Jun 2026 OPM 15.49% far exceeds trailing 8.94% and Dec 2025 low 7.38%, suggesting profit uplift possible under favorable input/pricing—verify sustainability and drivers

Five-year dividend history (2021–2025) proves stable cash generation; verify whether retained earnings fund capacity or tech gains

D/E 0.44 leaves debt headroom for production growth if planned; verify capex signals or capacity roadmap

Stock gained 17.13% over 1y at PE 7.02, suggesting rerating potential if earnings stabilize; verify whether gain reflects demand recovery or cost improvement

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹123.2-2%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 7.5% (3-yr avg)
−Profit declined 5% a year over the last 5 years
−Modest revenue growth of 5.1% a year over the last 5 years
−Low dividend payout of 9.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 37
Growth: 51
Valuation: 98

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

Loading peers…

Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,225	1,145	1,806	2,150	1,669	1,827	1,466
COGS	656	495	847	1,251	975	1,105	718
Gross profit	569	651	959	899	694	721	748
	476	486	711	772	622	658	617
	93	165	248	128	72	63	131
OPM %	7.6%	14.4%	13.7%	5.9%	4.3%	3.5%	8.9%
Depreciation	22	23	24	21	23	25	26
Interest	9	7	6	7	7	6	16
	17	40	18	25	23	47	40
Profit before tax	79	175	236	124	65	79	129
Tax	16	48	61	30	15	20	31
Tax %	19.7%	27.7%	25.8%	24.2%	22.8%	25.7%	24.3%
	63	126	175	94	50	58	97
PAT margin %	5.2%	11%	9.7%	4.4%	3%	3.2%	6.7%
EPS (₹)	7	14	19.5	10.5	5.6	6.5	10.8
EPS adjusted (₹)	7	14	19.5	10.5	5.6	6.5	10.8
	21.3%	17.8%	15.4%	14.3%	21.6%	18.5%	13.9%
Annual report	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	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	90	90	90	90	90	90	90	90	90	90	90
Reserves	212	224	277	335	392	501	658	735	769	822	928
	62	41	36	40	37	44	42	62	3	120	450
	125	173	193	164	156	159	191	219	228	322	233
Total equity & liabilities	489	528	596	629	674	794	981	1,107	1,091	1,354	1,700
	218	216	193	230	290	281	267	252	304	285	852
CWIP	15	15	37	20	3	1	27	103	49	452	116
Investments	0	0	—	—	0	2	2	7	15	15	10
	256	296	366	379	381	510	685	745	722	602	721
Total assets	489	528	596	629	674	794	981	1,107	1,091	1,354	1,700

Loading financials…

Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.4%	56.8%	53.1%	41.8%	41.6%	39.5%	51%
EBITDA margin %	7.6%	14.4%	13.7%	5.9%	4.3%	3.5%	8.9%
EBIT margin %	5.8%	12.4%	12.4%	4.9%	3%	2.1%	7.2%
PAT margin %	5.2%	11%	9.7%	4.4%	3%	3.2%	6.7%
Working capital
Receivable days	15	26	23	24	21	17	7
Inventory days	44	60	61	49	46	34	132
Payable days	29	32	27	27	38	26	22
NWC days	29	55	57	46	29	26	116
Leverage
Current ratio	2.52	3.42	4.27	3.62	4.59	2.35	1.6
Debt to EBITDA	0.4	0.27	0.17	0.49	0.05	1.9	3.43
Debt to equity	0.08	0.07	0.06	0.08	0	0.13	0.44
Interest coverage	9.4	21.7	41.7	19.2	12	10.6	8.5
Asset turnover	1.82	1.44	1.84	1.94	1.53	1.35	0.86
Return ratios
Return on assets %	9.4%	15.9%	17.9%	8.5%	4.6%	4.3%	5.7%
Return on capital employed %	16.6%	26.5%	32.8%	15.1%	9.3%	6.5%	11.7%
Return on equity %	13.1%	21.4%	23.4%	11.4%	5.8%	6.4%	9.6%

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.

Loading ratios…

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
	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%
	7.74%	7.1%	6.15%	6.18%	5.85%	5.35%	5.56%	7.53%	8.76%	9.48%	10.78%	11.11%
DII	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	57.69%	58.33%	59.28%	59.25%	59.58%	60.08%	59.87%	57.9%	56.7%	55.98%	54.68%	54.35%
No. of shareholders	—	—	—	—	—	—	—	—	1,05,909	1,00,511	98,207	96,779

Promoter holding up 0 percentage points since Sep 2023.

21 deals · 6 Jan 2023 – 31 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
31 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	14,67,890	₹122.29	₹17.95 Cr
31 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	14,67,880	₹122.15	₹17.93 Cr
31 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	13,04,844	₹122.40	₹15.97 Cr
31 Aug 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	12,95,713	₹122.32	₹15.85 Cr
18 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,39,127	₹107.90	₹6.90 Cr
18 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,39,127	₹108.03	₹6.90 Cr
16 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	7,56,044	₹106.09	₹8.02 Cr
16 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	7,56,044	₹106.14	₹8.02 Cr
16 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Sell	4,94,612	₹106.06	₹5.25 Cr
16 Jul 2024	QE SECURITIES LLP	Bulk	NSE	Buy	4,21,544	₹106.61	₹4.49 Cr

1–10 of 21

1 / 3

Ms. Sandhya Venugopal SharmaNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Ashwin C. MuthiahNon-Executive - Non Independent Director
Ms. Latha RamanathanNon-Executive - Independent Director
Mr. N. SundaradevanNon-Executive - Independent Director
Mr. C S ShankarNon-Executive - Independent Director
Mr. G D SharmaNon-Executive - Independent Director
Mr. Debendranath SarangiNon-Executive - Independent Director
Ms. Rita ChandrasekarNon-Executive - Independent Director
Mr. S Senthil KumarNon-Executive - Non Independent Director
Mr. D. Senthi KumarExecutive Director
Mr. Manish NagpalNon-Executive - Non Independent Director

Loading shareholding…

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.

Loading f&o…

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 Tamilnadu Petroproducts Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

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

Announcements

Loading documents…

Events

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

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

42 announcementsExport CSV

30 Sept 2026, 6:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.4%	56.8%	53.1%	41.8%	41.6%	39.5%	51%
EBITDA margin %	7.6%	14.4%	13.7%	5.9%	4.3%	3.5%	8.9%
EBIT margin %	5.8%	12.4%	12.4%	4.9%	3%	2.1%	7.2%
PAT margin %	5.2%	11%	9.7%	4.4%	3%	3.2%	6.7%
Working capital
Receivable days	15	26	23	24	21	17	7
Inventory days	44	60	61	49	46	34	132
Payable days	29	32	27	27	38	26	22
NWC days	29	55	57	46	29	26	116
Leverage
Current ratio	2.52	3.42	4.27	3.62	4.59	2.35	1.6
Debt to EBITDA	0.4	0.27	0.17	0.49	0.05	1.9	3.43
Debt to equity	0.08	0.07	0.06	0.08	0	0.13	0.44
Interest coverage	9.4	21.7	41.7	19.2	12	10.6	8.5
Asset turnover	1.82	1.44	1.84	1.94	1.53	1.35	0.86
Return ratios
Return on assets %	9.4%	15.9%	17.9%	8.5%	4.6%	4.3%	5.7%
Return on capital employed %	16.6%	26.5%	32.8%	15.1%	9.3%	6.5%	11.7%
Return on equity %	13.1%	21.4%	23.4%	11.4%	5.8%	6.4%	9.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Petrochem LimitedSPLPETROSPLPETRO	₹14,672 Cr	₹14,680 Cr	₹5,719 Cr	₹737 Cr	9.6%	₹485 Cr	6.1%	18.5%	13.9%	21
Swan Corp LimitedSWANCORPSWANCORP	₹8,552 Cr	₹10,656 Cr	₹4,172 Cr	₹-234 Cr	-4.7%	₹224 Cr	6.2%	4.1%	3.7%	185
Rain Industries LimitedRAINRAIN	₹7,013 Cr	₹16,837 Cr	₹18,464 Cr	₹2,788 Cr	12.6%	₹537 Cr	0.8%	8.6%	0.6%	134
Bhansali Engineering Polymers LimitedBEPLBEPL	₹3,080 Cr	₹3,080 Cr	₹1,440 Cr	₹246 Cr	17%	₹200 Cr	14.1%	23.3%	17.3%	86
Manali Petrochemicals LimitedMANALIPETCMANALIPETC	₹1,344 Cr	₹1,403 Cr	₹1,062 Cr	₹142 Cr	8%	₹180 Cr	12.7%	7.4%	10.9%	82
Dcw LimitedDCWDCW	₹1,317 Cr	₹1,627 Cr	₹2,210 Cr	₹204 Cr	10.3%	₹71 Cr	2.3%	9.7%	4.6%	-1
Tamilnadu Petroproducts LimitedTNPETROTNPETRO	₹1,109 Cr	₹1,558 Cr	₹1,783 Cr	₹204 Cr	8.9%	₹142 Cr	6.7%	11.7%	10.1%	116
Pasupati Acrylon LimitedPASUPTACPASUPTAC	₹620 Cr	₹728 Cr	₹1,032 Cr	₹144 Cr	11%	₹96 Cr	6.9%	20.7%	17.5%	52
Agarwal Industrial Corporation LimitedAGARINDAGARIND	₹579 Cr	₹915 Cr	₹1,492 Cr	₹111 Cr	7.1%	₹41 Cr	2.6%	10.1%	6.6%	24
Amtech Esters LtdAMTECHAMTECH	₹106 Cr	—	—	—	—	—	—	—	—	—
Indian Acrylics LtdINDIANACRYINDIANACRY	₹76 Cr	₹307 Cr	₹352 Cr	₹-1 Cr	-0.4%	₹-24 Cr	-6.9%	-3.5%	—	32
Polylink Polymers India LtdPOLYLINKPOLYLINK	₹48 Cr	₹53 Cr	₹91 Cr	₹4 Cr	3.3%	₹2 Cr	1.4%	5.6%	4%	60

Date	Category	Subject	Filing
30 Sept 2026, 6:12 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 Sept 2026, 12:40 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
28 Sept 2026, 5:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 12:23 pm	Company Update General	Response / Clarification On Volume Movement	PDF
28 Sept 2026, 12:18 pm	Company Update Clarification	Clarification sought from Tamilnadu Petroproducts Ltd	—
6 Sept 2026, 11:39 am	Company Update General	Clarification On Price Movement	PDF
4 Sept 2026, 5:58 pm	Company Update Clarification	Clarification sought from Tamilnadu Petroproducts Ltd	—
2 Sept 2026, 5:17 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73	46	82	78	86	100	112	87	161	208	-100
	16	-19	-68	-61	-48	-87	-96	-67	-70	-245	-229
	-50	-29	-12	-8	-23	-11	-22	-12	-78	100	302
Net cash flow	—	-2	2	—	14	1	-6	8	13	63	-27
Free cash flow	—	—	—	—	—	90	72	3	116	-179	-357
CFO / Operating profit %	—	—	—	—	92.4%	60.8%	45.1%	68.5%	223.9%	327.4%	-76.3%

Tamilnadu Petroproducts Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

12

1

Compounded sales growth

Compounded profit growth

Return on equity

Tamilnadu Petroproducts Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

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

Events

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends12

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

12

1