Tandhan Industries (BSE: TANDHANIN) had a P/E of 42.9× on 6 Nov 2026, above the industry P/E of 18.4×, and the shares are 16% below their 52-week high. Its ROCE of 8.5% is the lowest among the 7 largest Capital Markets peers. Debt is 0.62× equity. It is a small-cap company with a market cap of ₹734 Cr, ranked 32nd of 219 Capital Markets companies by market cap; the shares rose 1064% over the past year.
- ₹148.00
- ₹148.00
- ₹147.00
- ₹148.10
- 242
Health check
- ReturnsAhead
+1064.3% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 42.9 vs industry 18.4.
- GrowthStrong
Sales +1239.8% a year over 3 years.
- ProfitabilityWeak
ROCE 8.5% vs peer median 22.1%.
- Balance sheetStretched
Debt 0.62× equity, interest covered 3.8×, Piotroski 2 of 9.
- Red flags1 to check
P/E of 42.9 against an industry P/E of 18.4.
Small cap
Defensive
Key metrics
- Market cap
- ₹734 Cr
- Small cap
- P/E
- 42.9
- Industry 18.4
- Price to book
- 4.21
- Peers 4.53
- Dividend yield
- 0.01%
- ROE
- 12.3%
- Peers 18.9%
- ROCE
- 8.5%
- Peers 22.1%
- Debt to equity
- 0.62
- Debt ₹107 Cr
- EPS (TTM)
- ₹3.44
- OPM (TTM)
- 13.3%
- Net margin 10.5%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 4.56
- EV/EBITDA 33.7
Strengths and risks
Risks to check
- P/E of 42.9 against an industry P/E of 18.4.
About Tandhan Industries
Tandhan Industries Limited engages in manufacturing and trading of plastic and polymer-based products in India. The company's products include HDPE, LDPE and other polymer-based tarpaulins; cross-laminated and allied protective covering products; plastic sheets, rolls and films; woven and coated polymer-based products; extruded plastic products; industrial plastic products and components; and other allied polymer and plastic-based products. It serves…
- Headquarters
- Howrah
- Employees
- 9
- Sector
- Financial Services
- ISIN
- INE896J01014
- Website
- sanmitracommercial.com
Price range
- Avg volume (3M)
- 5K
- 1-year return
- plus 1064.3%
- From 52-week high
- minus 15.7%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| TANDHANINTandhan Industries | 147.45 | minus 0.44% | 734 | 42.9 | 4.21 | 8.5% | 12.3% | 13.3% | 1239.8% | – | 0.01% | plus 1064.3% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | – | 51.1 | 45.7 | 64 | |
| – | – | 43.6 | 37.3 | 53.9 | |
| −0 | −0.1 | 7.5 | 8.4 | 10.1 | |
| – | – | 14.7% | 18.4% | 15.8% | |
| 0 | 0.1 | 1.3 | 2 | 1.9 | |
| – | – | 2.1 | 2.5 | 1.9 | |
| – | – | 0.8 | 1.2 | 1.6 | |
| −0 | 0 | 5.9 | 6.7 | 8.5 | |
| – | – | 25.8% | 2.9% | 29.0% | |
| −0 | 0 | 4.4 | 6.5 | 6 | |
| -0.20 | 0.10 | 0.83 | 1.30 | 1.21 |
Profit & loss
- Sales CAGR 3Y
- +1239.8%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | – | – | 96.9 | |
| 0.1 | – | – | 80.9 | |
| −0.1 | −0.2 | −0.2 | 15.9 | |
| −177.4% | – | – | 16.4% | |
| 0 | 0.1 | 0.1 | 3 | |
| – | – | – | 4.4 | |
| 0 | 0 | 0 | 2 | |
| 0 | 0.2 | 0.5 | 0.1 | |
| −0 | 0.1 | 0.4 | 12.6 | |
| 0.2% | – | 13.9% | 13.7% | |
| −0 | 0.1 | 0.4 | 10.8 | |
| – | – | +262.6% | +2842.8% | |
| -0.39 | 0.92 | 3.35 | 4.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.1 | 1.1 | 1.1 | 49.8 | |
| −0 | 0.2 | 0.5 | 124 | |
| 0.8 | 0.8 | 0.2 | 107 | |
| 0.7 | 0.3 | 0.2 | 14.1 | |
| 2.6 | 2.4 | 2 | 295 | |
| 0 | 0 | 0 | 44.6 | |
| – | – | – | 3.4 | |
| 0.4 | 0.6 | 0.1 | 2.8 | |
| 0.5 | 0.7 | 0.4 | 30.7 | |
| 1.6 | 1.1 | 1.5 | 214 | |
| 2.6 | 2.4 | 2 | 295 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | −0.2 | −0.3 | −35.8 | |
| −0.2 | 0.3 | 0.4 | −104 | |
| – | – | – | 171 | |
| 0.1 | 0 | 0.1 | 31 | |
| −0 | – | – | −32.4 | |
| 0.2 | −0.2 | −0.3 | −68.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.