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Tarsons Products Limited

Tarsons Products Limited

NSE: TARSONS
Medical Instruments & SuppliesHealthcareSMALL CAPMCap ₹1.71k Cr
₹320.95₹-6.70 (-2.04%)

Market Closed • NSE

Market cap₹1.71k Cr
Enterprise value₹2.12k Cr
P/E TTM153.56
Forward P/E24.69
P/B2.68
EPS TTM₹2.09
Forward EPS₹13.00
ROCE4.59%
D/E0.62
Dividend yield0.00%
Face value₹2.00
52W high₹375.00
52W low₹164.45
Price chart(1Y)
1Y Return:+52.30% (+₹110.22)
H: ₹375L: ₹199.41
1W-4.46%
1M+1.04%
3M+3.95%
6M+50.45%
1Y+7.52%
Today at a glance

Day range

₹319.65₹331.75

52 week range

₹164.45₹375.00
Volume74.2K0.18x 20D avg
Free float50.00%-82.30% volume

Tarsons Products Limited closed at INR320.95 (-2.04%) on volume 0.18x its 20-day average, trading 14.41% below its 52-week high.

Technical analysis
RSI (14)46.6Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹16.39High
SMA 20₹324.71BEARISH
SMA 50₹328.21BEARISH
SMA 100₹294.48BULLISH
SMA 200₹249.99BULLISH
CPR bottom₹333.52
Pivot₹331.57
CPR top₹329.61
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -134.4% QoQ

2024-09-20

DIVIDEND Announced

Annual General Meeting/Dividend - Rs 2 Per Share

2023-07-07

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹393.0 Cr₹1.71k Cr23.01%≤ 33%PASS
Non-halal income ratio–₹422.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.16k Cr₹1.19k Cr98.04%≥ 20%PASS
Receivables ratio–₹1.19k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E153.5637.60
Forward P/E24.69—
P/B2.685.10
EV/EBITDA—18.00
PEG—1.00
Earnings yield0.702.70
Growth & profitability
RevenuePAT
FY24PAT margin 14.50%
FY25PAT margin 7.60%
FY26PAT margin 3.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.50%
Revenue CAGR 5Y+7.50%
PAT CAGR 3Y-21.80%
PAT CAGR 5Y-19.60%
Operating margin-0.94%
Net margin2.51%
Financial health & cash flow
Net debt₹369.8 CrModerate
Interest coverage0.90xEBIT / interest
CFO / PAT6.04x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹118.5 Cr
Capital expenditure–
Free cash flow₹-710.3 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall43/100
Valuation35/100
Profitability50/100
Financial health45/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 6.04x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 153.6x

Bull case

Market Leadership: Established operational scale in Medical Instruments & Supplies.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2024

Ownership distribution

Dec 2024Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024
0.25%Institutional holding
52.44%Public holding
2Periods available
0.00%Promoter pledged
83.45KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Dividend₹2.00 / share—20 Sept 2024
—Annual General MeetingAnnual General Meeting—07 Jul 2023
—Annual General MeetingAnnual General Meeting—21 Jul 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)38.71%+9.29% latest vs average
Highest delivery55.66%on 24 Sept
Average volume (20D)425.4KTrading-session average
Conviction trendStrengthening+9.29% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.920.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.48L84.750.32%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.77L74.390.82%₹4,128.00₹389.00+41.90%-21.89%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.17L183.150.00%₹2,714.00₹228.00+43.29%+273.77%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.15L55.260.26%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.11L24.910.09%₹8,017.00₹990.00+21.95%-34.91%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.10L100.670.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.05L31.200.99%₹7,119.00₹786.00+2.33%-39.16%
About Tarsons Products Limited
Tarsons Products Limited

Tarsons Products Ltd. (TPL) is an Indian labware company engaged in the designing, development, manufacturing, and marketing of 'consumables', 'reusables' and 'others' including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations, Diagnostic companies, and hospitals[1]

IndiaHealthcare

Questions investors ask
Is Tarsons Products Limited Shariah compliant?

Tarsons Products Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (23.01%) complies with AAOIFI threshold (≤ 33%).

What is Tarsons Products Limited's current valuation relative to peers?

Tarsons Products Limited trades at a P/E of 153.6x compared to the sector median of 37.6x, and a Price-to-Book of 2.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.62x. Interest coverage is 0.9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.5% while net profit growth averaged -19.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.