TPI India Ltd
TPI India Ltd (TPINDIA) last reported results for the quarter ended Jun 2026, with sales of ₹8.71 crore and net profit of ₹0.39 crore. The stock last traded at ₹19.4, a market capitalisation of ₹83.4 crore, on a P/E of 27.9. Over the past 52 weeks the stock has ranged between ₹13.1 and ₹27. Figures are as of 9 Oct 2026 and are not real time.
TPI India Ltd share price and key metrics
- Current price
- ₹19.4
- Market cap
- ₹83.4 cr
- Stock P/E
- 27.9
- Book value
- ₹-2.72
- ROE
- %
- ROCE
- 92.1%
- Dividend yield
- 0.00%
- 52w high / low
- 27.0/13.1
Metrics as of 9 Oct 2026. Not real time.
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TPI India Ltd growth and returns
- 10 Years
- 0%
- 5 Years
- 13%
- 3 Years
- 17%
- TTM
- 17%
- 10 Years
- 14%
- 5 Years
- 25%
- 3 Years
- -46%
- TTM
- 550%
- 10 Years
- %
- 5 Years
- 45%
- 3 Years
- %
- 1 Year
- 18%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- %
TPI India Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹8.71 cr, up 27.3% from ₹6.84 cr a year earlier. Net profit turned positive at ₹0.39 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7.63 | 8.19 | 8.09 | 6.84 | 8.93 | 8.39 | 9.85 | 8.71 |
| Expenses | 7 | 7.48 | 7.34 | 6.49 | 8.25 | 7.45 | 7.73 | 7.91 |
| Operating profit | 0.63 | 0.71 | 0.75 | 0.35 | 0.68 | 0.94 | 2.12 | 0.8 |
| OPM % | 8.26% | 8.67% | 9.27% | 5.12% | 7.61% | 11.20% | 21.52% | 9.18% |
| Other income | 0 | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.26 | 0 |
| Interest | 0.32 | 0.37 | 0.36 | 0.33 | 0.32 | 0.29 | 0.24 | 0.27 |
| Depreciation | 0.16 | 0.17 | 0.16 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 |
| Profit before tax | 0.15 | 0.17 | 0.24 | -0.1 | 0.22 | 0.52 | 2 | 0.39 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.50% | 0.00% |
| Net profit | 0.15 | 0.17 | 0.24 | -0.11 | 0.22 | 0.51 | 1.87 | 0.39 |
| EPS (₹) | 0.03 | 0.04 | 0.06 | -0.03 | 0.05 | 0.12 | 0.44 | 0.09 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
TPI India Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.56 | 27.46 | 22.79 | 16.75 | 18.33 | 22.81 | 21.3 | 23.75 | 30.18 | 34 | 35.88 |
| Operating profit | -4.82 | -2.72 | -7.1 | -1.73 | -1.3 | -0.14 | 0.67 | 0.31 | 2.32 | 4.08 | 4.54 |
| OPM % | -11.88% | -9.91% | -31.15% | -10.33% | -7.09% | -0.61% | 3.15% | 1.31% | 7.69% | 12.00% | 12.65% |
| Net profit | -6.21 | -4.37 | -8.47 | -2.98 | -2.33 | -0.97 | 15.9 | 0.46 | 0.35 | 2.49 | 2.99 |
| EPS (₹) | -1.45 | -1.02 | -1.97 | -0.69 | -0.54 | -0.23 | 3.70 | 0.11 | 0.08 | 0.58 | 0.70 |
TTM is the trailing twelve months to the most recent quarter.
TPI India Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 |
| Reserves | -16.08 | -20.45 | -28.93 | -31.91 | -34.24 | -35.21 | -19.31 | -18.85 | -18.49 | -16.00 |
| Borrowings | 26.45 | 22.71 | 22.12 | 22.01 | 22.23 | 22.34 | 12.54 | 15.49 | 16.66 | 17.50 |
| Other liabilities | 9.17 | 12.40 | 13.09 | 13.60 | 16.54 | 16.36 | 9.35 | 7.94 | 6.86 | 6.81 |
| Total liabilities | 23.84 | 18.96 | 10.58 | 8.00 | 8.83 | 7.79 | 6.88 | 8.88 | 9.33 | 12.61 |
| Fixed assets | 5.49 | 4.84 | 4.16 | 3.50 | 3.15 | 2.93 | 2.76 | 3.76 | 3.32 | 3.37 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| Investments | 0.07 | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 |
| Other assets | 18.28 | 14.05 | 6.35 | 4.42 | 5.59 | 4.77 | 4.03 | 5.03 | 5.92 | 9.10 |
| Total assets | 23.84 | 18.96 | 10.58 | 8.00 | 8.83 | 7.79 | 6.88 | 8.88 | 9.33 | 12.61 |
As reported by the company. Total assets equal total liabilities by construction.
TPI India Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3.68 | -0.53 | 1.33 | 0.68 | 0.69 | 1.25 | 10.63 | -2.51 | 0.88 | 1.26 |
| Cash from investing | -0.22 | 0.03 | 0.03 | 0.00 | -0.09 | -0.03 | -0.07 | 0.85 | -0.20 | -0.65 |
| Cash from financing | -3.46 | -0.24 | -1.26 | -0.76 | -0.63 | -1.25 | -10.58 | 1.72 | -0.71 | -0.08 |
| Net cash flow | 0.01 | -0.74 | 0.10 | -0.09 | -0.03 | -0.03 | -0.01 | 0.06 | -0.03 | 0.53 |
| Free cash flow | 3.42 | -0.59 | 1.33 | 0.68 | 0.59 | 1.21 | 10.56 | -1.66 | 0.68 | 0.62 |
| CFO / operating profit | -76% | 19% | -19% | -39% | -53% | -893% | 1,587% | -810% | 38% | 31% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
TPI India Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -27.44% | -31.46% | -383.21% | — | — | — | — | — | 99.12% | 92.14% |
| Debtor days | 101.78 | 101.15 | 42.92 | 23.97 | 32.86 | 31.52 | 26.56 | 27.66 | 31.69 | 46.81 |
| Inventory days | 55.39 | 62.69 | 42.40 | 50.11 | 64.43 | 49.09 | 50.69 | 59.45 | 46.30 | 59.87 |
| Days payable | 64.00 | 67.85 | 95.94 | 153.34 | 45.81 | 33.35 | 49.94 | 37.10 | 62.14 | 71.11 |
| Cash conversion cycle | 93.17 | 96.00 | -10.62 | -79.26 | 51.47 | 47.26 | 27.31 | 50.01 | 15.85 | 35.57 |
| Working capital days | -162.61 | -282.32 | -466.86 | -656.56 | -623.07 | -514.78 | -147.71 | -90.67 | -130.62 | -93.61 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
TPI India Ltd shareholding pattern
Promoters held 58.71% at Jun 2026, down from 75.00% at Jun 2025. DIIs 0.02%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 58.71% | 58.71% | 58.71% | 58.71% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 24.98% | 24.97% | 24.98% | 24.98% | 41.28% | 41.27% | 41.27% | 41.28% |
| No. of shareholders | 7,651 | 7,834 | 7,819 | 7,841 | 8,776 | 8,702 | 8,528 | 8,577 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
TPI India Ltd corporate filings
- TPI India Limited's recent AGM results and resolutions indicate full approval of key proposals with 100% voting in favor, reflecting strong shareholder support. The company’s financials show consistent revenue growth from approximately INR 5.23 crore in June 2023 to INR 8.19 crore in December 2024, with margins improving from 6.31% to 8.67%. The approval of related party transactions and director reappointments, coupled with the company's strategic focus on governance, could positively influence investor sentiment. Given the small market cap of around INR 77 crore and the high P/E ratio of 26.3, these developments may lead to a near-term re-rating, especially if the company sustains revenue growth and improves profitability.AGM/EGMhigh impact
Cruxal's analysis: TPI India Limited held its 44th AGM on September 29, 2026, with full shareholder approval…
Read the full analysis - TPI India Limited holds 44th AGM; no new financial disclosures or strategic events announcedAGM/EGMlow impact
Cruxal's analysis: TPI India Limited conducted its 44th Annual General Meeting on September 29, 2026, via…
Read the full analysis - Intimation of Closure of Trading Window for Quarter ended September 30, 2026.Insider Trading / SASTlow impact
- TPI India Limited announces cut-off date and book closure for 44th Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: TPI India Limited has formally notified the stock exchanges regarding the procedural…
Read the full analysis - TPI India Ltd releases 44th Annual Report and Notice of AGM for FY 2025-26Otherslow impact
Cruxal's analysis: TPI India Ltd has filed its 44th Annual Report and the Notice for its 44th Annual General…
Read the full analysis - TPI India Limited Announces 44th AGM and Releases FY 2025-26 Annual Report Amidst Financial RecoveryAGM/EGMmedium impact
Cruxal's analysis: TPI India Limited has scheduled its 44th Annual General Meeting for September 29, 2026…
Read the full analysis - TPI India Ltd publishes newspaper advertisement regarding 44th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: TPI India Ltd has submitted the newspaper clippings confirming the advertisement…
Read the full analysis - TPI India Ltd announces newspaper publication regarding 44th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: TPI India Ltd has submitted copies of newspaper advertisements published in compliance…
Read the full analysis - TPI India Limited Reports Unaudited Financial Results for Quarter Ended June 30, 2026Company Updatelow impact
Cruxal's analysis: TPI India Limited has published its unaudited standalone financial results for the…
Read the full analysis - TPI India Limited Reports Q1 FY2027 Results Amidst Severe Financial Distress and Going Concern UncertaintyBoard Meetinghigh impact
Cruxal's analysis: TPI India Limited reported a standalone net profit of 39.02 lakh for the quarter ended…
Read the full analysis - TPI India Ltd schedules Board Meeting for August 14, 2026, to approve Q1 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: TPI India Ltd has issued a formal notice for a Board of Directors meeting scheduled for…
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