MarketFriction

TGV Sraac Ltd

NSE TGVSL · BSE 507753 · Commodity Chemicals
₹116.38 -4.20%
NSE close2026-10-01
52 week range101.01 - 130.49
Market cap₹1,312 Cr.
P/E9.46
Price band 20% Delivery 44.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales360402368379428455487491500448511543
Expenses333358354337360399428396407371426443
Operating Profit2744144268565995937785100
OPM %8%11%3.8%11%16%12%12%19%19%17%17%18%
Other Income24425324553623
Interest567656976476
Depreciation212122212121254040424236
Profit before tax252110194432305250383862
Tax %27%27%28%26%26%26%28%26%26%26%27%27%
Net Profit19157143324223937282845
EPS in Rs1.741.420.671.283.072.222.033.623.462.622.614.24
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8169081,0461,2051,0401,0091,5252,3261,5461,7491,9502,002
Expenses7107768669748848601,2191,7861,4121,5201,5951,647
Operating Profit107132180231157149306539134230355355
OPM %13%15%17%19%15%15%20%23%9%13%18%18%
Other Income597-68107658141615
Interest446058714448353025302922
Depreciation35477758566369748488164160
Profit before tax33345395644820944283125178188
Tax %26%52%44%28%26%40%36%18%27%26%26%
Net Profit2417306847291343626192132139
EPS in Rs2.951.903.227.084.652.7012.5333.775.678.6012.3212.93
Dividend Payout %0%0%0%0%0%0%0%3%18%12%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%14%-6%8%
Compounded Profit Growth18%35%-29%18%
Stock Price CAGR19%17%2%4%
Return on Equity13%15%7%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7983879297102107107107107107107
Reserves1992362592903824355036369399891,0711,190
Borrowings346451476439328420499461234321357357
Other Liabilities194202255269289319344393402374432470
Total Liabilities8189721,0781,0911,0951,2751,4531,5981,6831,7921,9682,124
Fixed Assets4446606986696368087749021,0421,0481,2691,231
CWIP12400137729125551116812220
Investments22914108898931333535
Other Assets248309371394373430465551600542651637
Total Assets8189721,0781,0911,0951,2751,4531,5981,6831,7921,9682,124
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6550142153202122132168429164197338
Cash from Investing Activity-52-132-109-75-55-188-163-147-169-223-170-312
Cash from Financing Activity-291-33-76-1456558-38-25549-5-46
Net Cash Flow119-022-026-185-922-20
Free Cash Flow13-825272113-35642260-79539
CFO/OP62%54%112%91%94%90%98%67%99%136%97%108%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days252930373029365636445255
Inventory Days508279891251671261019010110897
Days Payable6577988067738166423875101
Cash Conversion Cycle10341145891238190841078650
Working Capital Days-83-80-97-72-11-22-34-1171-5-4
ROCE %13%11%12%13%22%12%9%21%38%5%10%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.18%63.18%63.18%63.18%63.18%63.18%63.81%63.81%63.81%64.08%64.24%64.27%
FIIs0.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.45%0.31%0.16%0.12%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.11%0.07%
Public36.67%36.80%36.81%36.82%36.79%36.80%36.18%36.17%35.72%35.59%35.50%35.54%
No. of Shareholders59,44160,98662,44162,00463,33358,48757,19755,83053,45651,35251,64950,267

Fundamentals

Market Cap₹ 1,312 Cr.
Current Price₹ 122
Stock P/E9.46
Book Value₹ 121
ROCE13.0 %
ROE10.5 %
Dividend Yield0.82 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)18%
Standalone figures.
Valuation
Market capRs 1,248 Cr
Enterprise valueRs 1,537 Cr
P/E (TTM)9.01x
Price to book0.96x
Price to sales0.62x
EV / EBITDA4.15x
EV / EBIT7.31x
EV / sales0.77x
Price to cash flow3.69x
Earnings yield11.10%
Dividend yield0.86%
P/E, 3-year average10.61x
P/B, 3-year average0.77x
P/E, 5-year average8.20x
P/B, 5-year average0.89x
Profitability
Operating margin (excl. other income)18.22%
Operating margin (incl. other income)19.06%
EBITDA margin18.48%
Pre-tax margin9.40%
Net profit margin6.92%
Net margin, latest quarter8.36%
ROE10.66%
ROCE13.02%
ROA6.45%
ROE, 3-year average8.14%
ROCE, 3-year average10.54%
ROA, 3-year average4.95%
ROE, 5-year average16.93%
ROCE, 5-year average18.14%
ROA, 5-year average9.14%
ROIC (approx.)9.81%
Tax rate26.04%
Other income / net worth1.26%
Growth
Sales growth (latest year)11.50%
Profit growth (latest year)43.17%
Sales CAGR, 3 years-5.70%
Sales CAGR, 5 years14.09%
Profit CAGR, 3 years-28.55%
Profit CAGR, 5 years35.43%
Sales growth QoQ6.25%
Profit growth QoQ62.27%
Sales growth YoY (latest quarter)10.62%
Profit growth YoY (latest quarter)17.21%
Per share
EPS (TTM)Rs 12.92
EPS (latest year)Rs 12.30
EPS (latest quarter)Rs 4.23
EPS, 3-year averageRs 8.85
EPS, 5-year averageRs 14.55
Book value per shareRs 120.94
Sales per shareRs 186.67
Cash flow per shareRs 31.51
Free cash flow per shareRs 0.84
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout8.12%
Dividend payout, 3-year average12.46%
Dividend payout, 5-year average10.09%
Efficiency
Asset turnover0.92x
Fixed asset turnover1.58x
Inventory turnover8.71x
Inventory days42 days
Debtor days55 days
Debtors turnover6.69x
Creditor days101 days
Cash conversion cycle50 days
Working capital days-4 days
Leverage
Total debtRs 357 Cr
Cash and bankRs 68 Cr
Net debtRs 289 Cr
Debt to equity0.28x
Net debt / EBITDA0.78x
Interest coverage9.47x
Owners' fund to total sources61.08%
Debt to assets16.80%
Cash flow
Cash from Operating Activity (latest year)Rs 338 Cr
Cash from Investing Activity (latest year)Rs -312 Cr
Cash from Financing Activity (latest year)Rs -46 Cr
Net Cash Flow (latest year)Rs -20 Cr
Free cash flow (latest year)Rs 9 Cr
FCFE (approx.: FCF + change in debt)Rs 9 Cr
Cash from ops / profit, 5 years1.66x
Sales to cash flow5.77x
Statement figures
Net sales (TTM)Rs 2,002 Cr
Net sales (latest year)Rs 1,950 Cr
Sales (latest quarter)Rs 543 Cr
Operating profit excl. other income (latest year)Rs 355 Cr
Operating profit (latest quarter)Rs 100 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 370 Cr
PBDT (TTM)Rs 348 Cr
Profit before tax (TTM)Rs 188 Cr
Tax (latest year)Rs 46 Cr
Net profit (TTM)Rs 139 Cr
Net profit (latest year)Rs 132 Cr
Net profit (latest quarter)Rs 45 Cr
Depreciation (TTM)Rs 160 Cr
Depreciation (latest quarter)Rs 36 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 1,300 Cr
Total expenditure (latest year)Rs 1,595 Cr
Total income (latest year)Rs 1,967 Cr
Share capitalRs 107 Cr
ReservesRs 1,190 Cr
Shareholders' fundsRs 1,297 Cr
Total assetsRs 2,124 Cr
Net blockRs 1,231 Cr
Capital work in progressRs 220 Cr
InvestmentsRs 35 Cr
ReceivablesRs 292 Cr
InventoryRs 149 Cr
Other liabilitiesRs 470 Cr
Shares outstanding (crore)10.73
Ownership
Promoter holding64.27% (+0.46 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.0 is at the 42th percentile of its own 9.4-year range (median 10.9, low 1.9, high 45.0).
P/B 0.96 is at the 50th percentile (median 0.96).
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.
PeriodTGVSLNifty 50Difference
1 week+6.5%-2.8% +9.2 pts
1 month+12.7%-6.8% +19.5 pts
3 years+0.7%+14.2% -13.5 pts
5 years+100.8%+27.9% +72.9 pts

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
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

Jun 2026
Sales ₹543 Cr +10.6% vs Jun 2025. Net profit ₹45 Cr +15.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 1 Per Share
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of TGV Sraac Ltd?

TGV Sraac Ltd (TGVSL) has a market capitalisation of Rs 1,312 Cr. at the 2026-10-01 close.

What is the P/E ratio of TGV Sraac Ltd?

TGV Sraac Ltd trades at a P/E of 9.46 on trailing twelve-month profit, at the 2026-10-01 close.

What were TGV Sraac Ltd's latest quarterly results?

In the Jun 2026 quarter, TGV Sraac Ltd sales was Rs 543 Cr (+10.6% vs Jun 2025) and net profit was Rs 45 Cr.

What is the 52-week high and low of TGV Sraac Ltd?

The 52-week high is Rs 130.49 and the 52-week low is Rs 101.01.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03