On 6 Nov 2026, Shree TNB Polymers was priced at ₹52.20, or 15.6× trailing earnings, against an industry P/E of 27.3×, and the shares are 16% below their 52-week high. Sales and net profit grew 4.7% and 49% a year over 3 years; its ROCE of 23% is the highest among the 7 largest Building Materials peers. Debt is 0.80× equity. It is listed on an SME platform with a market cap of ₹111 Cr, ranked 38th of 58 Building Materials companies by market cap; the shares fell 8.4% over the past year.
- ₹52.90
- ₹52.90
- ₹50.00
- ₹52.50
- 16K
Health check
- ReturnsAhead
−8.4% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 15.6 vs industry 27.3.
- GrowthSteady
Sales +4.7%, profit +48.7% a year over 3 years.
- ProfitabilityStrong
ROCE 22.6% vs peer median 10.2%.
- Balance sheetFair
Debt 0.80× equity, interest covered 2.8×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹111 Cr
- Small cap
- P/E
- 15.6
- Industry 27.3
- Price to book
- 1.44
- Peers 2.12
- Dividend yield
- 0.00%
- ROE
- 13.7%
- Peers 4.9%
- ROCE
- 22.6%
- Peers 10.2%
- Debt to equity
- 0.80
- Debt ₹45 Cr
- EPS (TTM)
- ₹3.34
- OPM (TTM)
- 8.6%
- Net margin 3.6%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.56
- EV/EBITDA 6.3
Strengths and risks
Strengths
- Return on capital employed of 22.6%.
- P/E of 15.6 against an industry P/E of 27.3.
- Positive operating cash flow in each of the last 4 years.
About Shree TNB Polymers
Shree TNB Polymers Limited manufactures polymer-based pipes and fittings products in India. Its products includes High Density Polyethylene Pipes and fittings, Polypropylene and Polypropylene Homopolymer pipes and fittings, Double Wall Corrugated pipes, sprinkler pipes, drip irrigation systems, solid industrial sheets and Well pack sheets, and Micro - Irrigations and Fittings for packaging and industrial applications. The company was founded in 1995 and…
- Headquarters
- Silvassa
- Sector
- Basic Materials
- ISIN
- INE935K01018
- Website
- shreetnbpolymers.in
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- minus 8.4%
- From 52-week high
- minus 15.5%
Peers · Building Materials
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement | 12,450.00 | plus 1.63% | 3,66,110 | 41.6 | 22.8 | 11.8% | 19.1% | 0.38 | 11.9% | plus 3.6% |
| GRASIMGrasim Industries | 3,227.00 | minus 0.02% | 2,18,884 | 38.5 | 16.8 | 4.0% | 15.0% | 1.35 | 14.3% | plus 12.0% |
| AMBUJACEMAmbuja Cements | 390.60 | plus 0.67% | 97,057 | 34.7 | 14.6 | 4.6% | 14.3% | 0.01 | – | minus 31.6% |
| SHREECEMShree Cement | 25,100.00 | plus 0.82% | 90,563 | 57.2 | 18.0 | 10.2% | 20.1% | 0.09 | 5.7% | minus 9.8% |
| JKCEMENTJ.K. Cement | 5,239.80 | minus 0.20% | 40,487 | 42.3 | 19.2 | 13.3% | 15.8% | 1.01 | 12.1% | minus 9.1% |
| DALBHARATDalmia Bharat | 1,470.30 | plus 0.27% | 27,602 | 56.3 | 9.6 | 7.0% | 16.5% | 0.57 | 3.0% | minus 28.5% |
| ACCACC | 1,236.20 | plus 0.77% | 23,214 | 26.4 | 7.9 | 10.4% | 8.7% | 0.02 | – | minus 33.1% |
| SHREETNBShree TNB Polymers | 52.20 | minus 0.57% | 111 | 15.6 | 7.8 | 22.6% | 8.6% | 0.80 | 4.7% | minus 8.4% |
| Median of 7 peers | – | 0.67% | 90,563 | 41.6 | 16.8 | 10.2% | 15.8% | 0.38 | 11.9% | −9.8% |
Quarterly results
| ₹ Cr | Mar 26 |
|---|---|
| 56.7 | |
| 51.2 | |
| 5.5 | |
| 9.7% | |
| 0.1 | |
| 1.3 | |
| 1 | |
| 0.1 | |
| 3.5 | |
| 35.5% | |
| 2.2 |
Profit & loss
- Sales CAGR 3Y
- +4.7%
- Profit CAGR 3Y
- +48.7%
- ROE
- 13.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 172 | 208 | 175 | 198 | |
| – | +20.5% | minus 15.5% | +12.8% | |
| 162 | 192 | 160 | 178 | |
| 10.7 | 15.9 | 16 | 19.9 | |
| 6.2% | 7.7% | 9.1% | 10.1% | |
| 1 | −0.1 | −0.6 | −0.3 | |
| 4.8 | 5.5 | 5.3 | 5.6 | |
| 2.7 | 3.2 | 3.1 | 3.9 | |
| 0 | −0.5 | 0.3 | −0.1 | |
| 4.3 | 6.6 | 7.2 | 10.2 | |
| 50.1% | 24.3% | 19.9% | 29.8% | |
| 2.2 | 5 | 5.8 | 7.1 | |
| – | +132.0% | +14.7% | +23.6% | |
| 1.02 | 2.36 | 2.70 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9 | 9 | 10.2 | 15.3 | |
| 20.2 | 25.3 | 38.3 | 40.3 | |
| 35.7 | 35.8 | 38.5 | 44.6 | |
| 40.5 | 35 | 40.3 | 45 | |
| 105 | 105 | 127 | 145 | |
| 40.2 | 39.5 | 45.8 | 50.1 | |
| 5.5 | – | 0.1 | 1.6 | |
| 0.2 | 0.2 | – | 0.1 | |
| 0.2 | 0.1 | 0.2 | 0.4 | |
| 59.3 | 65.3 | 81.2 | 93 | |
| 105 | 105 | 127 | 145 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.9 | 7 | 4.3 | 8.8 | |
| −16.3 | −1.7 | −10 | −9.2 | |
| 8.5 | −5.4 | 5.6 | 0.4 | |
| 0 | −0.1 | −0 | 0 | |
| −16.7 | −1.7 | −10.5 | −8.2 | |
| −8.8 | 5.3 | −6.2 | 0.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.