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Dossier · TAMILNADU PETROPRODUCTS L · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
TAMILNADU PETROPRODUCTS L NSE: TNPETRO · BSE: 500777
Manufactures petrochemical products from a manufacturing facility in Tamil Nadu. The factory sits on leasehold land whose lease expired in June 2020, with renewal pending from the Tamil Nadu government. Promoters are Tamilnadu Industrial Development Corporation (TIDCO) and Southern Petrochemical Industries Corporation (SPIC). FY26 revenue was ₹1,466 crore, down 19.7% from the prior year, while net profit rose 67% to ₹97.45 crore on cost discipline and manufacturing efficiency. Raw materials are the largest cost line at 49.3% of revenue, and FY26 capex was ₹257.06 crore (17.5% of revenue). Q4 FY26 was soft at ₹126 crore revenue and ₹5.83 crore net profit on a sharp rise in raw material costs. The December 2023 Michaung cyclone damaged the facility; ₹7.62 crore of insurance receivables were booked net of restoration costs. AR · MarketPing reader · 2026-08-03
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
1,806
2,150
1,669
1,827
1,466
EBITDA (ex other income)
248
128
58
82
138
margin %
13.7
5.9
3.5
4.5
9.4
Owners' profit
0
0
0
0
0
EPS, as reported (₹)
19.49
10.47
5.56
6.49
10.83
ROE % · ROCE %
23.4 · 29.3
11.4 · 14.5
5.8 · 7.6
6.4 · 7.7
9.6 · 11.5
Debt / equity (x)
0.06
0.07
0.00
0.13
0.44
Cash from operations
112
87
161
208
(100)
Capex
(40)
(85)
(45)
(387)
(257)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · TAMILNADU PETROPRODUCTS L · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
450
460
455
463
457
421
125
780
Profit before tax
6
16
36
47
45
26
10
106
Net profit
5
12
27
35
34
20
8
80
EPS (₹)
0.52
1.30
2.99
3.92
3.81
2.21
0.90
8.90
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SUPREME PETROCHEM LIMITED
13,605
28.1
5.72
24.0
13.9
17.6
—
20.4
SWAN CORP LIMITED
7,539
36.2
0.82
15.8
3.0
3.3
68.6
3.0
RAIN INDUSTRIES LIMITED
7,052
13.1
0.85
—
6.0
4.3
—
19.3
BHANSALI ENG. POLYMERS LT
2,719
13.6
2.51
9.1
16.6
22.4
(0.2)
19.6
DCW LTD
1,283
18.0
1.19
—
4.5
5.4
—
7.6
MANALI PETROCHEMICALS LT
1,254
7.0
0.98
4.8
10.1
10.9
0.1
35.2
TAMILNADU PETROPRODUCTS L ◆
1,009
7.1
0.99
7.3
9.6
10.2
5.1
16.3
KOTHARI PETROCHEM LTD
642
8.9
1.73
—
19.5
24.9
—
16.9
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
7.1
13.4
3 of 12
82%
P/B
1.0
1.0
6 of 11
50%
ROCE
10.2
6.1
6 of 14
62%
ROE
9.6
6.3
5 of 11
60%
Debt / Equity
0.4
0.2
9 of 11
20%
EBITDA margin
16.3
12.0
6 of 12
55%
Revenue growth
68.5
14.6
1 of 12
100%
Profit growth
127.3
42.9
5 of 13
67%
Market cap
1009
826
7 of 14
54%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · TAMILNADU PETROPRODUCTS L · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Board to review September 2026 quarterly and half-year results
results
low
—
—
30 Sept 2026 · Notice to shareholders to register email for Postal Ballot
compliance
minimal
—
—
30 Sept 2026 · New Chairperson appointed at Tamilnadu Petroproducts
management changes
high
—
—
28 Sept 2026 · AGM 2026 results - all 7 resolutions passed, dividend of Rs 1.50 approved
board shareholder meetings
low
—
—
28 Sept 2026 · Tamilnadu Petroproducts responds to NSE volume movement query
25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results
compliance
minimal
—
—
25 Sept 2026 · Tamilnadu Petroproducts 41st AGM: 73% jump in net profit, 15% dividend declared
board shareholder meetings
medium
—
—
23 Sept 2026 · Notice on SEBI special window for physical share transfer and demat
compliance
minimal
—
—
6 Sept 2026 · Tamilnadu PetroProducts clarifies on recent share price movement
regulatory legal
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
