As of 6 Nov 2026, Tarsons Products trades at 151.7× trailing earnings, above the industry P/E of 28.6×, and the shares are 15% below their 52-week high. Its ROCE of 4.8% is the lowest among the 7 largest Medical Instruments & Supplies peers, and sales grew 14% a year over 3 years while net profit fell 44%. Debt is 0.62× equity. It is a small-cap company with a market cap of ₹1,686 Cr, ranked 4th of 11 Medical Instruments & Supplies companies by market cap; the shares rose 11% over the past year.
- ₹314.00
- ₹320.95
- ₹312.65
- ₹318.40
- 26.7K
Health check
- ReturnsAhead
+10.9% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 151.7 vs industry 28.6.
- GrowthSlow
Sales +14.3%, profit −43.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.8% vs peer median 13.3%.
- Balance sheetFair
Debt 0.62× equity, interest covered 2.0×, Piotroski 5 of 9.
- Red flags3 to check
Return on equity is low at 2.3%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,686 Cr
- Small cap
- P/E
- 151.7
- Industry 28.6
- Price to book
- 2.64
- Peers 5.26
- Dividend yield
- 0.00%
- ROE
- 2.3%
- Peers 11.0%
- ROCE
- 4.8%
- Peers 13.3%
- Debt to equity
- 0.62
- Debt ₹393 Cr
- EPS (TTM)
- ₹2.09
- Face value ₹2
- OPM (TTM)
- 27.0%
- Net margin 2.5%
- Sales growth
- +20.7%
- Latest quarter vs a year ago
- Profit growth
- −181.0%
- Latest quarter vs a year ago
- Price to sales
- 3.82
- EV/EBITDA 16.9
Strengths and risks
Strengths
- Quarterly sales up 20.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 2.3%.
- Quarterly profit down 181.0% on a year ago.
- P/E of 151.7 against an industry P/E of 28.6.
About Tarsons Products
Tarsons Products Limited manufactures and trades in scientific plastic labware products in India and internationally. The company offers assay plates, biohazard and safetyware, bioprocessing solutions, bottles and carboys, boxes and racks, cell culture ware, centrifuge ware, clamps and stands, clinical and microbiology products, cryoware, desiccators, tubings and connectors, filtration products, general labware, genomics and PCR consumables, laboratory…
- Headquarters
- Kolkata
- Employees
- 1,108
- Sector
- Healthcare
- ISIN
- INE144Z01023
- Website
- tarsons.com
Price range
- Avg volume (3M)
- 4.5 L
- 1-year return
- plus 10.9%
- From 52-week high
- minus 15.5%
Peers · Medical Instruments & Supplies
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LENSKARTLenskart Solutions | 724.75 | plus 0.89% | 1,25,562 | 160.7 | 13.48 | 7.2% | 6.7% | 20.8% | – | – | 0.00% | plus 79.8% |
| AGARWALEYEDr. Agarwal's Health Care | 516.35 | plus 0.91% | 16,373 | 94.1 | 7.66 | 9.7% | 6.8% | 15.0% | 26.9% | 12.3% | 0.00% | minus 0.7% |
| POLYMEDPoly Medicure | 1,612.30 | plus 0.63% | 16,343 | 51.4 | 5.26 | 13.3% | 11.0% | 15.2% | 18.8% | 21.6% | 0.22% | minus 18.1% |
| TARSONSTarsons Products | 316.95 | minus 0.46% | 1,686 | 151.7 | 2.64 | 4.8% | 2.3% | −0.9% | 14.3% | −43.8% | 0.00% | plus 10.9% |
| LAXMIDENTLLaxmi Dental | 196.42 | minus 0.05% | 1,081 | 34.8 | 4.44 | 11.5% | 12.8% | 16.4% | 19.5% | – | 0.00% | minus 37.9% |
| PREVESTPrevest Denpro | 397.85 | minus 3.85% | 478 | 22.0 | 3.83 | 21.9% | 17.8% | 34.8% | 12.4% | 9.3% | 0.25% | minus 21.2% |
| QMSMEDIQMS Medical Allied Services | 168.66 | minus 0.69% | 326 | 28.6 | 5.68 | 18.4% | 10.5% | 12.0% | 18.4% | 16.7% | 0.30% | plus 75.0% |
| SHREEPACShree Pacetronix | 170.00 | plus 0.32% | 64 | 19.5 | 3.41 | 25.0% | 19.7% | 24.8% | 2.2% | −1.2% | 0.00% | minus 38.5% |
| Median of 7 peers | – | 0.32% | 1,081 | 34.8 | 5.26 | 13.3% | 11.0% | 16.4% | 18.6% | 12.3% | 0.00% | −18.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 91.4 | 102 | 108 | 121 | 110 | |
| 66.7 | 74.9 | 76.4 | 86.7 | 84.3 | |
| 24.7 | 27.4 | 31.5 | 34.3 | 26 | |
| 27.0% | 26.8% | 29.2% | 28.3% | 23.6% | |
| 3.3 | 5.8 | 8.4 | 6.6 | 6 | |
| 5.1 | 5.2 | 6 | 6.3 | 6.3 | |
| 19.9 | 22.5 | 25 | 29.1 | 27 | |
| – | – | −1.3 | 0.2 | – | |
| 3 | 5.6 | 7.5 | 5.8 | −1.3 | |
| 41.2% | 40.6% | 32.9% | 27.5% | −9.1% | |
| 1.8 | 3.3 | 5 | 4.2 | −1.4 | |
| 0.34 | 0.62 | 0.95 | 0.79 | -0.27 |
Profit & loss
- Sales CAGR 3Y
- +14.3%
- Profit CAGR 3Y
- −43.8%
- EPS CAGR 3Y
- −43.8%
- ROE
- 2.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 281 | 295 | 391 | 421 | |
| – | +4.8% | +32.5% | +7.7% | |
| 148 | 191 | 275 | 292 | |
| 133 | 104 | 116 | 128 | |
| 47.3% | 35.2% | 29.6% | 30.5% | |
| 8.3 | 7.6 | 10.4 | 14.7 | |
| 4.4 | 10 | 19.3 | 22.4 | |
| 28.5 | 40.4 | 62.5 | 96.5 | |
| 0.3 | −0.1 | 0.4 | −2.2 | |
| 109 | 60.8 | 44.8 | 21.9 | |
| 25.8% | 29.8% | 33.6% | 34.6% | |
| 80.7 | 42.6 | 29.8 | 14.3 | |
| – | minus 47.2% | minus 30.2% | minus 51.9% | |
| 15.17 | 8.01 | 5.60 | 2.69 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.6 | 10.6 | 10.6 | 10.6 | |
| 559 | 602 | 620 | 624 | |
| 111 | 269 | 339 | 393 | |
| 45.7 | 90.3 | 111 | 158 | |
| 726 | 972 | 1,080 | 1,186 | |
| 467 | 659 | 765 | 848 | |
| 243 | 392 | 293 | 175 | |
| 4.1 | 0.1 | 0.8 | 5.8 | |
| 59.1 | 22.6 | 25.7 | 25.3 | |
| −46.9 | −102 | −4.9 | 132 | |
| 726 | 972 | 1,080 | 1,186 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 75.6 | 103 | 114 | 118 | |
| −179 | −285 | −145 | −130 | |
| 84.6 | 136 | 38.9 | 8.9 | |
| −18.4 | −46.6 | 7.7 | −3 | |
| −190 | −184 | −152 | −126 | |
| −114 | −81.6 | −37.5 | −7.1 |
Shareholding pattern
- Promoters47.30%
- Public52.70%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 47.30% | 52.70% | 0.00 | |
| 30 Jun 2026 | 47.30% | 52.70% | 0.00 | |
| 31 Mar 2026 | 47.30% | 52.70% | 0.00 | |
| 31 Dec 2025 | 47.30% | 52.70% | minus 0.01 | |
| 30 Sep 2025 | 47.31% | 52.69% | – |
Major shareholders
Filings & events
News
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