---
title: "T C P Ltd (TCPLTD) — Share Price, Financials & Analysis"
symbol: "TCPLTD"
company: "T C P Ltd"
canonical: "https://tapetide.com/stocks/TCPLTD"
nse_symbol: "TCPLTD"
generated_at: "2026-10-13T11:52:41.776Z"
---

# T C P Ltd (TCPLTD)

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

## Company

- **NSE Symbol:** TCPLTD
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

TCP Limited is one of the leading manufacturers of Pure Sodium Hydrosulphite (popularly known as Hydros) in India.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.14 times its book value

### Weaknesses

- Company has a low return on equity of 0.37% over last 3 years.
- Earnings include an other income of Rs.49.0 Cr.

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 180% | 4% |
| revenue growth | -26% | -23% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 76.64 | 69.5 | 90.64 | 91.22 | 86.12 | 78.04 | 104.02 | 102.1 | 104.74 | 99.57 | 92.72 | 96.7 |
| Expenses | 70.31 | 57.47 | 72.34 | 74.56 | 85.03 | 66.2 | 87.15 | 88.72 | 85.8 | 77.75 | 75.17 | 82.54 |
| Operating Profit | 6.33 | 12.03 | 18.3 | 16.66 | 1.09 | 11.84 | 16.87 | 13.38 | 18.94 | 21.82 | 17.55 | 14.16 |
| OPM % | 8.26 | 17.31 | 20.19 | 18.26 | 1.27 | 15.17 | 16.22 | 13.1 | 18.08 | 21.91 | 18.93 | 14.64 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2.85 | 3.81 | 3.05 | 3.14 | 3.67 | 2.99 | 1.97 | 2.03 | 2.21 | 1.39 | 0.99 | 1.03 |
| Depreciation | 3.89 | 3.42 | 3.42 | 3.47 | 3.47 | 3.05 | 3.07 | 3.21 | 3.31 | 2.82 | 0.92 | 0.97 |
| Profit before tax | -0.41 | 4.8 | 11.83 | 10.05 | -6.05 | 5.8 | 11.83 | 8.14 | 13.42 | 17.61 | 15.64 | 12.16 |
| Tax % | 431.71 | 13.54 | 32.21 | 30.35 | -33.06 | 27.93 | 27.98 | 31.2 | 35.54 | 32.71 | 24.17 | 43.67 |
| Net Profit | -2.18 | 4.15 | 8.02 | 7.01 | -4.05 | 4.19 | 8.52 | 5.6 | 8.65 | 11.85 | 11.86 | 6.85 |
| EPS in Rs | -4.33 | 8.25 | 15.94 | 13.93 | -8.05 | 8.33 | 16.93 | 11.13 | 17.19 | 23.55 | 23.57 | 13.61 |

### Profit & Loss

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 388 | 372 | 281 | 302 | 293 | 361 | 250 | 179 | 130 | 97 |
| Expenses | 327 | 302 | 242 | 262 | 267 | 334 | 249 | 176 | 130 | 129 |
| Operating Profit | 60 | 70 | 39 | 40 | 26 | 26 | 0 | 3 | 0 | -32 |
| OPM % | 16 | 19 | 14 | 13 | 9 | 7 | 0.1 | 1.7 | 0.2 | -33 |
| Other Income | 1 | 1 | 1 | 2 | 1 | 3 | 6 | 15 | 4 | 49 |
| Interest | 10 | 6 | 8 | 6 | 8 | 7 | 7 | 8 | 5 | 5 |
| Depreciation | 13 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| Profit before tax | 39 | 60 | 25 | 29 | 13 | 16 | -7 | 4 | -7 | 5 |
| Tax % | 31 | 32 | 31 | 29 | 30 | 40 | -42 | -61 | 91 | -94 |
| Net Profit | 27 | 41 | 17 | 21 | 9 | 9 | -4 | 7 | -13 | 11 |
| EPS in Rs | 53.56 | 81.06 | 34.34 | 40.88 | 18.48 | 18.54 | -8.09 | 13.81 | -26.23 | 21.11 |
| Dividend Payout % | 2 | 1 | 3 | 2 | 5 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 324 | 365 | 381 | 398 | 404 | 414 | 410 | 396 | 383 | 393 |
| Borrowings | 70 | 77 | 83 | 75 | 83 | 59 | 63 | 53 | 31 | 36 |
| Other Liabilities | 140 | 152 | 144 | 68 | 78 | 98 | 66 | 52 | 50 | 48 |
| Total Liabilities | 539 | 599 | 614 | 546 | 571 | 576 | 544 | 506 | 468 | 483 |
| Fixed Assets | 107 | 109 | 109 | 105 | 100 | 98 | 95 | 98 | 96 | 91 |
| CWIP | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 2 | 1 | 0 |
| Investments | 162 | 240 | 240 | 229 | 229 | 229 | 229 | 229 | 229 | 231 |
| Other Assets | 260 | 240 | 254 | 201 | 231 | 237 | 208 | 177 | 142 | 161 |
| Total Assets | 539 | 599 | 614 | 546 | 571 | 576 | 544 | 506 | 468 | 483 |

### Cash Flow

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 34 | 100 | 14 | -7 | — | 35 | -9 | 25 | 26 | 0 |
| Cash from Investing Activity | -27 | -88 | -6 | 9 | — | -2 | 4 | 5 | 0 | 0 |
| Cash from Financing Activity | -8 | -13 | -8 | -3 | — | -28 | 0 | -31 | -27 | 1 |
| Net Cash Flow | 0 | -1 | 1 | 0 | — | 5 | -5 | 0 | 0 | 0 |
| Free Cash Flow | 26 | 93 | 8 | -8 | — | 30 | -8 | 22 | 24 | -1 |
| CFO/OP | 72 | 175 | 72 | 6 | — | 159 | -2919 | 841 | 12733 | 0 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 104 | 95 | 122 | 94 | 97 | 80 | 125 | 132 | 140 | 147 |
| Cash Conversion Cycle | 104 | 95 | 122 | 94 | 97 | 80 | 125 | 132 | 140 | 147 |
| Working Capital Days | 125 | 158 | 219 | 146 | 172 | 98 | 149 | 88 | 153 | 163 |
| ROCE % | 12 | 16 | 7 | 7 | 4 | 4 | -1 | — | 0 | 2 |

## Filings & Documents

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-27 | Credit rating update — CRISIL |
| 2025-01-27 | Credit rating update — India Ratings |
| 2024-12-27 | Credit rating update — CRISIL |
| 2024-01-31 | Credit rating update — CRISIL |
| 2023-11-01 | Credit rating update — India Ratings |
| 2023-09-22 | Credit rating update — India Ratings |

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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 2026-10-13T11:52:41.776Z.