---
title: "Tapi Fruit Processing Ltd (TAPIFRUIT) — Share Price, Financials & Analysis"
symbol: "TAPIFRUIT"
company: "Tapi Fruit Processing Ltd"
canonical: "https://tapetide.com/stocks/TAPIFRUIT"
isin: "INE0M7001010"
nse_symbol: "TAPIFRUIT"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
market_cap_cr: 21.07
generated_at: "2026-09-13T21:39:33.157Z"
---

# Tapi Fruit Processing Ltd (TAPIFRUIT)

Canonical page: https://tapetide.com/stocks/TAPIFRUIT

## Company

- **NSE Symbol:** TAPIFRUIT
- **ISIN:** INE0M7001010
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2022-09-22
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tapifood.com

## About

Incorporated in 1999, Tapi Fruit Processing Ltd is engaged 
in the manufacturing and selling of Jam and Jelly based products.[1]

## Latest Price

- **Price:** ₹49
- **Change:** 0 (0%)
- **Open:** ₹49
- **Day High:** ₹49
- **Day Low:** ₹49
- **Previous Close:** ₹49
- **Volume:** 1500
- **As Of:** 2026-09-09T09:10:04+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:08.588949Z.

- **Market Cap:** ₹21.07 Cr
- **Classification:** SME
- **P/E (reported):** -12.5
- **Book Value:** ₹24.51
- **Price to Book:** 2
- **Dividend Yield:** 0%
- **ROE:** -15.96%
- **ROCE:** -6.03%
- **Debt to Equity:** 1.09
- **Revenue (yearly):** ₹28.5 Cr
- **Net Income:** ₹-1.7 Cr
- **EBITDA:** ₹1.7 Cr
- **52-Week High:** ₹104.8
- **52-Week Low:** ₹45.1
- **RSI (14):** 41.08

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -12.0% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -116.97% | -236.36% | -137.76% |
| ebitda margin growth | -367.7% | 141.04% | -24.84% |
| net income growth | 21.43% | 750% | -950% |
| revenue growth | 40.39% | 6% | 13% |
| roce | -17.62% | 714.86% | 0.11% |
| roe | 34.34% | -9.77% | -144% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 9.2 | 8.3 | 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 | 0.9 |
| OPM % | -0.2 | 11.66 | 0.12 | 4.29 | 2.64 | 0.4 | -3.48 | -3.73 | 5.22 | 6.74 |
| Other Income | 0.05 | 0 | -0.01 | 0.06 | 0.09 | 0.17 | 0.03 | 0.06 | 0 | 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 | 1.4 |
| Profit before tax | -0.44 | 0.66 | -0.44 | 0.23 | 0.02 | -0.26 | -0.74 | -0.82 | -1 | -0.88 |
| Tax % | 0 | 9.09 | 0 | -8.7 | 0 | 3.85 | 0 | 2.44 | 0 | -6.82 |
| Net Profit | -0.44 | 0.6 | -0.45 | 0.25 | 0.01 | -0.26 | -0.74 | -0.83 | -1 | -0.82 |
| EPS in Rs | -17.6 | 24 | -1.15 | 0.64 | 0.02 | -0.62 | -1.77 | -1.94 | -2.33 | -1.91 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 20.5 | 21 | 17.5 | 24.28 |
| Expenses | 4.05 | 10.48 | 12.13 | 13.99 | 19.99 | 20.76 | 18.27 | 22.8 |
| Operating Profit | 0.2 | 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 | -4.4 | 6.1 |
| Other Income | 0 | 0 | 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 | 0.1 | 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 | 9.09 | 28.57 | -9.52 | 4.17 | 1.28 | -3.21 |
| Net Profit | -0.07 | -0.01 | 0.1 | 0.16 | -0.19 | -0.25 | -1.57 | -1.82 |
| EPS in Rs | -2.8 | -0.4 | 4 | 6.4 | -0.49 | -0.6 | -3.67 | -4.23 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 4.3 |
| 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 | 1.3 | 0.59 | 2.67 | 3.67 |
| Total Liabilities | 5.49 | 5.9 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.94 |
| Fixed Assets | 2.66 | 3.2 | 3.19 | 3.86 | 4.05 | 4.97 | 6.36 | 16.49 |
| CWIP | 0.19 | 0 | 0.33 | 0 | 0 | 0.87 | 10.61 | 1.43 |
| Investments | 0 | 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 | 4.3 | 7 |
| Total Assets | 5.49 | 5.9 | 7.38 | 8.03 | 9.63 | 14.66 | 21.29 | 24.94 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.33 | 1.1 | 0.71 | 0.98 | -1.26 | -0.23 | 2.33 | -0.55 |
| Cash from Investing Activity | -2.99 | -0.8 | -0.79 | -0.92 | -1.34 | -2.29 | -11.56 | -3.63 |
| Cash from Financing Activity | 4.34 | -0.17 | 0.11 | -0.19 | 2.6 | 5.98 | 5.76 | 4.17 |
| Net Cash Flow | 0.02 | 0.13 | 0.02 | -0.13 | 0 | 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 |

### Ratios

| Item | 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 | 30.4 | 0.99 | 60.09 | 63.26 |
| Cash Conversion Cycle | 121.6 | 57.2 | 61.64 | 54.55 | 51 | 69.11 | 26.27 | 34.66 |
| Working Capital Days | 35.21 | -7.01 | -0.84 | 6.5 | 61.25 | 58.23 | -2.09 | -27.81 |
| ROCE % | — | 11.79 | 10.51 | 11.68 | -0.57 | -2.59 | -10.28 | -5.97 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.22% | 72.22% | 67.79% | 67.79% | 67.79% | 67.79% | 66.15% | 65.72% | 65.72% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.94% | 22.49% | 25.09% | 24.62% | 24.64% | 24.69% | 25.46% | 25.94% | 26.56% |
| Others | 5.83% | 5.29% | 7.12% | 7.59% | 7.57% | 7.52% | 8.4% | 8.33% | 7.72% |
| No. of Shareholders | 275 | 192 | 297 | 304 | 358 | 378 | 362 | 384 | 385 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 49.67 | Sell |
| EMA (10) | 50.04 | Sell |
| SMA (20) | 50.98 | Sell |
| EMA (20) | 53.78 | Sell |
| SMA (50) | 78.89 | Sell |
| EMA (50) | 65.74 | Sell |
| SMA (100) | 75.84 | Sell |
| EMA (100) | 73.62 | Sell |
| SMA (200) | 80.66 | Sell |
| EMA (200) | 82.99 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.28 | Neutral |
| MACD (12,26,9) | -6.33 | Buy |
| Stochastic (14,3,3) | 54.93 | Neutral |
| ADX (14) | 4.04 | Neutral |
| Williams %R (14) | -45.07 | Neutral |
| ATR (14) | 12.17 | High Volatility |
| ROC (12) | -6.13 | Sell |
| Stoch RSI (14) | 23.71 | Neutral |
| UO (7,14,28) | 60.23 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares held in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; all shares held in demat form.](https://nsearchives.nseindia.com/corporate/Tapi_09042026161002_Disclosure_under_74_5_.pdf) |
| 8 January 2026 - Tapi Fruit: Registrar confirms Reg 74(5) non-applicability for quarter ended Dec 31, 2025; all shares in demat. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Tapi Fruit: Registrar confirms Reg 74(5) non-applicability for quarter ended Dec 31, 2025; all shares in demat.](https://nsearchives.nseindia.com/corporate/Tapi_08012026141002_Disclosure_under_74_5_.pdf) |
| 31 Aug - 8th AGM scheduled for 26 September 2026; annual report 2025-26 and e-voting details shared. | [General Updates 31 Aug - 8th AGM scheduled for 26 September 2026; annual report 2025-26 and e-voting details shared.](https://nsearchives.nseindia.com/corporate/Tapi_31082026174149_Letter_to_Shareholders.pdf) |
| 31 Aug - 8th AGM on Sept 26, 2026; proposes ₹30 crore RPT, director remuneration and reappointments. | [Record Date 31 Aug - 8th AGM on Sept 26, 2026; proposes ₹30 crore RPT, director remuneration and reappointments.](https://nsearchives.nseindia.com/corporate/Tapi_31082026153410_Intimation_-_Notice_of_AGM.pdf) |
| 31 Aug - 8th AGM on Sept 26, 2026 via VC/OAVM; seeks approval for ₹30 crore RPT and director reappointments. | [Shareholders meeting 31 Aug - 8th AGM on Sept 26, 2026 via VC/OAVM; seeks approval for ₹30 crore RPT and director reappointments.](https://nsearchives.nseindia.com/corporate/Tapi_31082026150917_Intimation_-_Notice_of_AGM.pdf) |
| 30 March 2026 - Board approved MOA alteration to include pharmaceuticals; postal ballot initiated; cut-off March 27, 2026; scrutinizer appointed. | [Outcome of Board Meeting 30 March 2026 - Board approved MOA alteration to include pharmaceuticals; postal ballot initiated; cut-off March 27, 2026; scrutinizer appointed.](https://nsearchives.nseindia.com/corporate/Tapi_30032026155756_BM_Outcome.pdf) |
| 30 March 2026 - Board approved MOA alteration to add nutraceuticals/pharmaceuticals; postal ballot with cut-off March 27, 2026. | [Amendment to AOA/MOA 30 March 2026 - Board approved MOA alteration to add nutraceuticals/pharmaceuticals; postal ballot with cut-off March 27, 2026.](https://nsearchives.nseindia.com/corporate/Tapi_30032026160232_BM_Outcome.pdf) |
| 3 April 2026 - Newspaper ad published for postal ballot notice and e-voting; remote voting from April 3 to May 2, 2026. | [Copy of Newspaper Publication 3 April 2026 - Newspaper ad published for postal ballot notice and e-voting; remote voting from April 3 to May 2, 2026.](https://nsearchives.nseindia.com/corporate/Tapi_03042026130845_Newspaper_Advertisement.pdf) |
| 27 Aug - Board approved reappointments of MD, two WTDs and two independent directors; AGM on September 26, 2026. | [Outcome of Board Meeting 27 Aug - Board approved reappointments of MD, two WTDs and two independent directors; AGM on September 26, 2026.](https://nsearchives.nseindia.com/corporate/Tapi_27082026162331_Outcome_of_BM.pdf) |
| 27 Aug - Board approved director reappointments, FY26 report, and AGM on September 26, 2026. | [Change in Director(s) 27 Aug - Board approved director reappointments, FY26 report, and AGM on September 26, 2026.](https://nsearchives.nseindia.com/corporate/Tapi_27082026162528_Outcome_of_BM.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30869_TAPIFRUIT_2025_2026_A_8167124_31082026150107.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27965_TAPIFRUIT_2024_2025_A_7623622_30082025175051.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25625_TAPIFRUIT_2023_2024_03092024213830.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23137_TAPIFRUIT_2022_2023_31082023163356_08312023170001.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T21:39:33.157Z.