Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · TIRTH PLASTIC LTD. · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
TIRTH PLASTIC LTD.
BSE: 526675
BSE: 526675
Services › Services › Commercial Services & Supplies › Trading & Distributors
TIRTH PLASTIC LTD.
StateQ4 FY26 filed
Last close · 20 Sept 2026₹26.68
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA6.2 · 4.26 · 25.6
TIRTH PLASTIC LTD. is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
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 | 0 | 0 | 0 | 0 | 10 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | 0 |
| margin % | (108.6) | — | — | — | 4.8 |
| Owners' profit | (0) | (0) | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.03) | (0.04) | 0.01 | 0.03 | 0.85 |
| ROE % · ROCE % | (0.6) · (0.6) | (0.8) · (0.8) | 0.2 · 0.2 | 0.5 · 0.5 | 13.6 · 16.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | (0) | 0 | (0) |
| Capex | 0 | 0 | 0 | (0) | 0 |
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 · TIRTH PLASTIC LTD. · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 5 |
| Profit before tax | 0 | (0) | 0 | 0 | (0) | 0 | 0 | 0 |
| Net profit | 0 | (0) | 0 | 0 | (0) | 0 | 0 | 0 |
| EPS (₹) | 0.01 | (0.03) | 0.03 | 0.02 | 0.05 | 3.72 | 0.18 | 0.36 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,731 | 18.1 | 2.95 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 8,976 | 20.1 | 4.23 | 19.1 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,146 | 22.0 | 5.69 | 15.4 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,080 | 23.4 | 5.64 | 13.6 | 23.4 | 31.8 | — | 3.3 |
| CREATIVE NEWTECH LIMITED | 1,707 | 26.2 | 4.41 | 19.5 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 952 | 0.1 | 10.59 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 807 | 8.8 | 0.63 | 203.2 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 667 | 1.0 | — | 52.3 | — | — | — | — |
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) | 6.2 | 13.9 | 40 of 164 | 76% |
| P/B | 4.3 | 1.0 | 118 of 146 | 19% |
| ROCE | 16.5 | 2.0 | 22 of 184 | 89% |
| ROE | 13.6 | 2.3 | 28 of 174 | 84% |
| Debt / Equity | 0.0 | 0.0 | 64 of 175 | 64% |
| EBITDA margin | 4.5 | 4.5 | 70 of 137 | 49% |
| Profit growth | 1545.8 | 0.6 | 7 of 157 | 96% |
| Market cap | 12 | 24 | 122 of 177 | 31% |
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 · TIRTH PLASTIC LTD. · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Tirth Plastic fixes 40th AGM on September 26, 2026 via video conferencing | compliance | minimal | — | — |
| 4 Sept 2026 · Book closure from 20-26 Sep 2026 for 40th AGM | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Annual Report FY 2025-26 and 40th AGM Notice filed with BSE | compliance | medium | — | — |
| 4 Sept 2026 · 40th AGM Notice - 26 Sep 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Tirth Plastic postal ballot results: warrants issue and director appointment passed | board shareholder meetings | medium | — | — |
| 23 Aug 2026 · Postal Ballot Clears Warrant Issue and Independent Director Appointment | management changes | medium | — | — |
| 14 Aug 2026 · Newspaper advertisement of Q1 FY27 unaudited results filed with BSE under Regulation 47 | compliance | minimal | — | — |
| 12 Aug 2026 · Tirth Plastic Q1 FY27 PAT rises to Rs 19.91 lakh, up about 26% QoQ | results | high | — | — |
| 12 Aug 2026 · Board approves Q1 FY26 results, AGM notice, changes warrant allottee | results | medium | — | — |
| 7 Aug 2026 · Board meeting on Aug 12 to consider Q1 FY27 results and AGM matters | results | low | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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