TPI India quarterly results and financials

TPI India (BSE 500421)₹14.03+2.26%(9 Nov 2026 close)Packaging

Key facts

In the Mar 2026 quarter (standalone), TPI India reported sales of ₹9.88 Cr, up 21.7% from Mar 2025, and net profit of ₹1.86 Cr, up 708.7% year on year. For the year to Mar 2026, sales were ₹34.11 Cr and net profit ₹2.48 Cr.

Sales (Mar 2026): ₹9.88 Cr
Net profit (Mar 2026): ₹1.86 Cr
Sales (FY Mar 2026): ₹34.11 Cr
Net profit (FY Mar 2026): ₹2.48 Cr
EPS (Mar 2026): ₹0.43
Borrowings (Mar 2026): ₹15.12 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

TPI India quarterly results

₹ crore unless stated; each column is a quarter.

TPI India Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	5.25	5.34	6.09	7.15	6.29	7.65	8.22	8.12	6.86	8.96	8.41	9.88
Expenses	4.91	5.52	6.05	7.10	6.06	7.01	7.49	7.35	6.50	8.26	7.46	7.74
Operating Profit	0.34	−0.20	0.04	0.04	0.23	0.64	0.72	0.76	0.36	0.69	0.95	2.11
OPM %	6.3%	−3.6%	0.5%	0.4%	3.5%	8.3%	8.7%	9.3%	5.1%	7.6%	11.2%	21.5%
Other Income	2.07	0.00	−0.05	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.27
Interest	0.34	0.36	0.38	0.43	0.27	0.31	0.36	0.35	0.32	0.31	0.28	0.23
Depreciation	0.07	0.07	0.08	0.10	0.16	0.17	0.18	0.17	0.14	0.15	0.15	0.15
Profit before tax	2.01	−0.63	−0.48	−0.30	−0.22	0.16	0.18	0.25	−0.11	0.23	0.53	2.01
Tax %	21.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.5%
Exceptional items	1.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.56	−0.61	−0.46	−0.28	−0.20	0.14	0.16	0.23	−0.10	0.21	0.50	1.86
EPS (Rs)	0.36	−0.13	−0.10	−0.06	−0.04	0.02	0.03	0.05	−0.02	0.04	0.11	0.43

TPI India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

TPI India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	34.98	40.68	27.54	22.85	16.80	18.38	22.87	21.36	23.83	30.28	34.11	34.11
Expenses	32.38	45.47	30.23	29.94	18.51	19.67	22.97	20.65	23.45	27.87	29.93	29.96
Operating Profit	2.53	−4.83	−2.73	−7.11	−1.74	−1.31	−0.15	0.68	0.32	2.33	4.07	4.11
OPM %	7.3%	−11.9%	−9.9%	−31.2%	−10.3%	−7.1%	−0.6%	3.2%	1.3%	7.7%	12.0%	12.1%
Other Income	0.32	0.05	0.11	0.01	0.00	0.05	0.08	16.27	1.97	0.00	0.29	0.27
Interest	3.66	1.04	1.02	0.70	0.59	0.63	0.65	0.81	1.54	1.32	1.17	1.14
Depreciation	0.65	0.41	0.73	0.69	0.67	0.46	0.27	0.24	0.29	0.66	0.56	0.59
Profit before tax	−1.47	−6.23	−4.38	−8.49	−2.99	−2.34	−0.98	15.93	0.47	0.36	2.64	2.66
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.01	0.00	0.00	0.00
Net Profit	−1.45	−6.19	−4.36	−8.46	−2.97	−2.32	−0.96	15.86	0.45	0.34	2.48	2.47
EPS (Rs)	−0.33	−1.44	−1.01	−1.96	−0.68	−0.53	−0.22	3.69	0.10	0.07	0.57	0.56
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

TPI India balance sheet

₹ crore, at each year end.

TPI India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.31	4.31	4.30	4.29	4.31	4.31	4.31	4.31	4.31	4.31	4.29	4.29
Reserves	−7.26	−8.70	−16.06	−20.45	−28.94	−31.92	−34.22	−35.19	−19.32	−18.85	−18.48	−16.00
Borrowings	25.44	27.36	26.43	22.68	22.06	21.96	22.19	22.30	12.51	15.48	16.63	15.12
Other Liabilities	2.06	3.83	9.21	12.47	13.16	13.66	16.56	16.38	9.39	7.97	6.90	9.22
Total Liabilities	24.55	26.80	23.88	18.99	10.59	8.01	8.84	7.80	6.89	8.91	9.34	12.63
Fixed Assets	5.86	5.63	5.48	4.85	4.15	3.49	3.14	2.92	2.75	3.77	3.31	3.40
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.08	0.08	0.08	0.08	0.08	0.09	0.10	0.10	0.10	0.10	0.10	0.11
Other Assets	18.61	21.09	18.32	14.06	6.36	4.43	5.60	4.78	4.04	5.04	5.93	9.12
Inventories	5.17	5.63	4.62	3.76	2.16	1.82	2.62	2.33	2.03	2.65	2.65	3.74
Trade receivables	8.83	12.23	11.32	7.62	2.69	1.11	1.66	1.98	1.56	1.81	2.63	4.37
Cash & equivalents	0.94	0.86	0.86	0.14	0.23	0.14	0.11	0.08	0.07	0.13	0.09	0.12
Total Assets	24.55	26.80	23.88	18.99	10.59	8.01	8.84	7.80	6.89	8.91	9.34	12.63

TPI India cash flow

₹ crore, for each year.

TPI India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−1.35	1.30	3.67	−0.52	1.32	0.67	0.68	1.24	10.60	−2.50	0.87	2.82
Cash from investing activity	0.50	−0.70	−0.23	0.04	0.04	0.00	−0.10	−0.04	−0.08	0.86	−0.21	−0.66
Cash from financing activity	1.55	−0.69	−3.45	−0.23	−1.25	−0.75	−0.62	−1.24	−10.57	1.71	−0.70	−2.15
Net cash flow	0.68	−0.07	0.00	−0.73	0.09	−0.08	−0.02	−0.02	0.00	0.05	−0.02	0.02
Capex	0.00	0.70	0.27	0.07	0.00	0.00	0.11	0.05	0.08	0.00	0.21	0.65
Free cash flow	−0.86	0.61	3.41	−0.58	1.32	0.67	0.58	1.20	10.54	−1.65	0.67	2.18
CFO / OP %	−37.9%	52.0%	−76.0%	19.1%	−19.0%	−38.9%	−52.9%	−892.9%	1,587.1%	−810.0%	38.1%	69.1%

TPI India ratios

Working-capital days and returns, by year.

TPI India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	101	128	102	101	43	24	33	32	27	28	32	47
Inventory days	86	83	55	63	42	50	64	49	51	59	46	60
Days payable	22	33	64	68	96	153	46	33	50	37	62	72
Cash conversion cycle	165	178	93	96	−11	−79	51	47	27	50	16	35
Working capital days	61	87	−164	−283	−468	−658	−624	−516	−149	−92	−132	−117
ROCE %	14.6%	9.8%	−27.4%	−31.4%	−383.2%	—	—	—	—	—	99.2%	129.0%

TPI India: frequently asked questions

What are the latest quarterly results of TPI India?

For the Mar 2026 quarter, TPI India reported sales of ₹9.88 Cr, up 21.7% year on year and net profit of ₹1.86 Cr, up 708.7% year on year. The operating margin was 21.5%.

What is the annual revenue of TPI India?

TPI India's sales for the year to Mar 2026 were ₹34.11 Cr; over the last twelve months they were ₹34.11 Cr.

What is the net profit of TPI India?

Net profit for the year to Mar 2026 was ₹2.48 Cr, and ₹2.47 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.56.

How much debt does TPI India have?

TPI India reported borrowings of ₹15.12 Cr at Mar 2026, against cash and equivalents of ₹0.12 Cr.

What is the free cash flow of TPI India?

Cash from operations was ₹2.82 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.18 Cr.

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