Price
Financials
Standalone, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.04 | 10.12 | 8.63 | 11.88 | 10.98 | 10.03 | 9.20 | 8.30 | 10.92 | 13.35 |
| Expenses | 5.05 | 8.94 | 8.62 | 11.37 | 10.69 | 9.99 | 9.52 | 8.61 | 10.35 | 12.45 |
| Operating Profit | -0.01 | 1.18 | 0.01 | 0.51 | 0.29 | 0.04 | -0.32 | -0.31 | 0.57 | 0.90 |
| OPM % | -0.20% | 11.66% | 0.12% | 4.29% | 2.64% | 0.40% | -3.48% | -3.73% | 5.22% | 6.74% |
| Other Income | 0.05 | 0.00 | -0.01 | 0.06 | 0.09 | 0.17 | 0.03 | 0.06 | 0.00 | 0.01 |
| Interest | 0.22 | 0.21 | 0.15 | 0.01 | 0.03 | 0.03 | 0.03 | 0.06 | 0.29 | 0.39 |
| Depreciation | 0.26 | 0.31 | 0.29 | 0.33 | 0.33 | 0.44 | 0.42 | 0.51 | 1.28 | 1.40 |
| Profit before tax | -0.44 | 0.66 | -0.44 | 0.23 | 0.02 | -0.26 | -0.74 | -0.82 | -1.00 | -0.88 |
| Tax % | 0.00% | 9.09% | 0.00% | -8.70% | 0.00% | 3.85% | 0.00% | 2.44% | 0.00% | -6.82% |
| Net Profit | -0.44 | 0.60 | -0.45 | 0.25 | 0.01 | -0.26 | -0.74 | -0.83 | -1.00 | -0.82 |
| EPS in Rs | -17.60 | 24.00 | -1.15 | 0.64 | 0.02 | -0.62 | -1.77 | -1.94 | -2.33 | -1.91 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 4.25 | 11.46 | 13.04 | 15.16 | 20.50 | 21.00 | 17.50 | 24.28 |
| Expenses | 4.05 | 10.48 | 12.13 | 13.99 | 19.99 | 20.76 | 18.27 | 22.80 |
| Operating Profit | 0.20 | 0.98 | 0.91 | 1.17 | 0.51 | 0.24 | -0.77 | 1.48 |
| OPM % | 4.71% | 8.55% | 6.98% | 7.72% | 2.49% | 1.14% | -4.40% | 6.10% |
| Other Income | 0.00 | 0.00 | 0.09 | 0.05 | 0.06 | 0.36 | 0.24 | 0.01 |
| Interest | 0.19 | 0.48 | 0.42 | 0.43 | 0.16 | 0.07 | 0.10 | 0.68 |
| Depreciation | 0.14 | 0.44 | 0.47 | 0.58 | 0.62 | 0.77 | 0.93 | 2.68 |
| Profit before tax | -0.13 | 0.06 | 0.11 | 0.21 | -0.21 | -0.24 | -1.56 | -1.87 |
| Tax % | -46.15% | 100.00% | 9.09% | 28.57% | -9.52% | 4.17% | 1.28% | -3.21% |
| Net Profit | -0.07 | -0.01 | 0.10 | 0.16 | -0.19 | -0.25 | -1.57 | -1.82 |
| EPS in Rs | -2.80 | -0.40 | 4.00 | 6.40 | -0.49 | -0.60 | -3.67 | -4.23 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 13% | 6% | 39% | ||
| Compounded Profit Growth | % | % | % | -2% | ||
| Stock Price CAGR | % | % | -36% | -54% | ||
| Return on Equity | % | -11% | -12% | -17% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 0.25 | 3.91 | 4.17 | 4.27 | 4.30 |
| Reserves | -0.07 | -0.08 | 0.02 | 0.18 | 3.94 | 8.14 | 7.56 | 5.89 |
| Borrowings | 4.25 | 4.56 | 5.09 | 5.34 | 0.48 | 1.76 | 6.79 | 11.08 |
| Other Liabilities | 1.06 | 1.17 | 2.02 | 2.26 | 1.30 | 0.59 | 2.67 | 3.67 |
| Total Liabilities | 5.49 | 5.90 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.94 |
| Fixed Assets | 2.66 | 3.20 | 3.19 | 3.86 | 4.05 | 4.97 | 6.36 | 16.49 |
| CWIP | 0.19 | 0.00 | 0.33 | 0.00 | 0.00 | 0.87 | 10.61 | 1.43 |
| Investments | 0.00 | 0.01 | 0.01 | 0.01 | 0.53 | 0.37 | 0.02 | 0.02 |
| Other Assets | 2.64 | 2.69 | 3.85 | 4.16 | 5.05 | 8.45 | 4.30 | 7.00 |
| Total Assets | 5.49 | 5.90 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.94 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1.33 | 1.10 | 0.71 | 0.98 | -1.26 | -0.23 | 2.33 | -0.55 |
| Cash from Investing Activity | -2.99 | -0.80 | -0.79 | -0.92 | -1.34 | -2.29 | -11.56 | -3.63 |
| Cash from Financing Activity | 4.34 | -0.17 | 0.11 | -0.19 | 2.60 | 5.98 | 5.76 | 4.17 |
| Net Cash Flow | 0.02 | 0.13 | 0.02 | -0.13 | 0.00 | 3.46 | -3.47 | -0.01 |
| Free Cash Flow | -4.32 | 0.31 | -0.48 | 0.06 | -2.08 | -2.68 | -9.58 | -4.18 |
| CFO/OP | -665% | 112% | 81% | 87% | -247% | -96% | -303% | -37% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60.98 | 24.21 | 35.27 | 33.47 | 32.76 | 23.64 | 28.78 | 28.71 |
| Inventory Days | 173.22 | 85.06 | 105.97 | 92.82 | 48.63 | 46.46 | 57.57 | 69.21 |
| Days Payable | 112.59 | 52.07 | 79.59 | 71.74 | 30.40 | 0.99 | 60.09 | 63.26 |
| Cash Conversion Cycle | 121.60 | 57.20 | 61.64 | 54.55 | 51.00 | 69.11 | 26.27 | 34.66 |
| Working Capital Days | 35.21 | -7.01 | -0.84 | 6.50 | 61.25 | 58.23 | -2.09 | -27.81 |
| ROCE % | 11.79% | 10.51% | 11.68% | -0.57% | -2.59% | -10.28% | -5.97% |
| Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Nov 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.22% | 72.22% | 67.79% | 67.79% | 67.79% | 67.79% | 66.15% | 66.15% | 65.72% | 65.72% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 0.24% | 0.00% |
| Public | 27.78% | 27.78% | 32.21% | 32.21% | 32.21% | 32.21% | 33.85% | 33.61% | 34.03% | 34.28% |
| No. of Shareholders | 227 | 192 | 297 | 304 | 358 | 378 | 374 | 362 | 384 | 385 |
Fundamentals
Market Cap₹ 18.7 Cr.
Current Price₹ 43.5
Book Value₹ 23.7
ROCE-5.97 %
ROE-16.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)-2%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 16 Cr
Price to book1.47x
Price to sales0.86x
EV / EBITDA27.31x
EV / sales0.78x
Earnings yield-1.38%
P/B, 3-year average5.01x
P/B, 5-year average5.01x
Profitability
Operating margin (excl. other income)1.14%
Operating margin (incl. other income)2.86%
EBITDA margin2.86%
Pre-tax margin-1.14%
Net profit margin-1.19%
ROE-2.48%
ROCE-1.52%
ROA-2.06%
ROE, 3-year average12.88%
ROCE, 3-year average3.09%
ROA, 3-year average-0.71%
ROE, 5-year average15.68%
ROCE, 5-year average6.31%
ROA, 5-year average-0.16%
ROIC (approx.)-1.68%
Tax rate-4.17%
Other income / net worth2.92%
Growth
Sales growth (latest year)2.44%
Sales CAGR, 3 years17.21%
Sales CAGR, 5 years37.65%
Per share
EPS (TTM)Rs -0.60
EPS (latest year)Rs -0.60
EPS, 3-year averageRs 1.77
EPS, 5-year averageRs 1.78
Book value per shareRs 29.52
Sales per shareRs 50.37
Cash flow per shareRs -0.55
Free cash flow per shareRs -10.03
Efficiency
Asset turnover1.43x
Fixed asset turnover4.23x
Inventory turnover8.76x
Inventory days42 days
Debtor days24 days
Debtors turnover15.44x
Creditor days63 days
Cash conversion cycle35 days
Working capital days-28 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 4 Cr
Net debtRs -2 Cr
Debt to equity0.14x
Net debt / EBITDA-2.92x
Interest coverage-2.43x
Owners' fund to total sources83.97%
Debt to assets12.01%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Statement figures
Net sales (TTM)Rs 21 Cr
Net sales (latest year)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs -0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 21 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 4 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 12 Cr
Total assetsRs 15 Cr
Net blockRs 5 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.42
Ownership
Promoter holding65.72% (-2.07 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.47 is the lowest in 2.8 years (median 72.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | TAPIFRUIT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -11.2% | -2.8% | -8.4 pts |
| 1 month | -21.2% | -6.8% | -14.4 pts |
| 3 months | -29.8% | -7.6% | -22.2 pts |
| 6 months | -41.2% | +0.4% | -41.6 pts |
| 1 year | -61.4% | -9.9% | -51.4 pts |
| 2 years | -81.0% | -13.6% | -67.5 pts |
| 3 years | -74.2% | +14.2% | -88.4 pts |
Red flags
F-score 2 of 8| explain | Share dilution Share count up 8% in a year, 2000% in three |
| explain | Debt up, profit down Borrowings up 267% while net profit fell in 2026 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹13 Cr +33.1% vs Mar 2024.
Net loss ₹1 Cr.
Against our estimate for Mar 2026: sales +59.7%, profit -14.0% in line.
Activity
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| Mrs Bectors Food Specialities Ltd | 6,407 | 49.6 | 12.9 % |
| Gopal Snacks Ltd | 3,153 | 57.4 | 11.7 % |
| ADF Foods Ltd | 2,949 | 30.5 | 21.8 % |
| Prataap Snacks Ltd | 2,526 | 198 | 3.17 % |
| Tasty Bite Eatables Ltd | 2,472 | 68.1 | 14.0 % |
| Shah Foods Ltd | 807 | 245 | % |
| Hexagon Nutrition Ltd | 790 | 20.0 | 22.2 % |
| Lotus Chocolate Company Ltd | 721 | 9.71 % | |
| Euro India Fresh Foods Ltd | 687 | 129 | 9.83 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLoss makingMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Tapi Fruit Processing Ltd?
Tapi Fruit Processing Ltd (TAPIFRUIT) has a market capitalisation of Rs 18.7 Cr. at the 2026-09-28 close.
What were Tapi Fruit Processing Ltd's latest quarterly results?
In the Mar 2026 quarter, Tapi Fruit Processing Ltd sales was Rs 13 Cr (+33.1% vs Mar 2024) with a net loss of Rs 1 Cr.
What is the 52-week high and low of Tapi Fruit Processing Ltd?
The 52-week high is Rs 98.00 and the 52-week low is Rs 43.35.