Tapi Food Products - 2026 Company Profile, Team

About Tapi Food Products

Tapi Food Products is a publicly listed company based in Surat (India) founded in 1999. It operates as a manufacture export of tutty fruity, soft drink, just-in, Non fruit syrup, jelly, Amla fruit jam. The company has 46 employees. Its Indian entity Tapi Fruit Processing Limited reported revenue of ₹17.59 Cr. Tapi Food Products offers products and services including Fruit Jelly, Fruit Jam, Ketchup, Fruit Crush, and Fruit Bar. Its focus areas include Food and Agriculture, Food & Beverage Products, Convenience Foods and Snacks. Its competitors include Gud Gum, Amber Nutrition, Candzey, Dobiee Foods and Shadani and 1 more; 2 of its 6 listed competitors have raised funding.

Company details

Tapi Food Products was established in 1999 in Surat, India, within the food manufacturing sector. Operations center on the production and export of papaya tutty fruity, soft drink concentrates, just-in mixes, non-fruit syrups, jelly cubes, crystals, and pops, as well as amla murabba, candy, squash, and various fruit jams. The domain tapifood.com supports these activities, with a focus on consistent supply to domestic and international markets.

Headquarters Surat, India
Employees 46
Stage Public
Sectors
Consumer
Email
••••••••
Website tapifood.com
Social LinkedIn X Facebook Instagram
Legal Name Tapi Fruit Processing Ltd.

Operational Areas

Consumer → Food & Beverage Products & Processing

Key Metrics

Market Cap
₹17.98 Cr
TAPIFRUIT-SM · NSE
Share Price
₹41.80
0.00% today
Revenue
₹28.53 Cr
FY 2025-26 · +41.3% YoY
EBITDA
₹1.72 Cr
Margin 6.0%
Net Profit
−₹1.69 Cr
FY 2025-26 · -0.6% YoY
Debt / Equity
0.80
Interest cover -67.7x
Employee Count
46

Associated legal entities of Tapi Food Products

Tapi Food Products operates through Tapi Fruit Processing Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2025)	Employees	Directors	Company page
Tapi Fruit Processing Limited Listed CIN L15400GJ2018PLC103201	Active	10 Jul 2018	Surat, Gujarat	₹17.6 Cr	46	8	View details

Products & Services of Tapi Food Products

Tapi Food Products offers a comprehensive portfolio of products and services, including Fruit Jelly, Fruit Jam, Ketchup, Fruit Crush, and Fruit Bar.

Fruit Jelly

Confectionery

Jelly products made from fruits for snacking and desserts.

Fruit Jam

Preserves

Jam prepared from fruits for spreading on bread or baking.

Ketchup

Condiments

Fruit-based ketchup for use in meals and cooking.

Fruit Crush

Beverages

Crush drinks derived from fruits for refreshing consumption.

Fruit Bar

Snacks

Nutritious bars made from fruits for on-the-go eating.

Candied Fruit

Confectionery

Candied fruits preserved for sweet treats and desserts.

Board of directors of Tapi Fruit Processing Limited (Tapi Food Products)

Tapi Fruit Processing Limited is the primary company behind Tapi Food Products. The board of Tapi Fruit Processing Limited currently have 6 directors; the longest-serving is Ghanshyam Laljibhai Lukhi, appointed in 2022. 1 earlier director has ceased.

Director	Designation	Appointed	Tenure	Entity
Ghanshyam Laljibhai Lukhi DIN 06704416	Managing Director	16 Jul 2022	4 yrs 3 mo	Tapi Fruit Processing Limited
Ashokkumar Laljibhai Lukhi DIN 06704408	Whole-time director	16 Jul 2022	4 yrs 3 mo	Tapi Fruit Processing Limited
Naveen Anand DIN 08416606	Director	16 Jul 2022	4 yrs 3 mo	Tapi Fruit Processing Limited
Kamleshkumar Narmdashankar Pandya DIN 09655572	Director	28 Jul 2022	4 yrs 2 mo	Tapi Fruit Processing Limited
Rekha Hasmukh Shah DIN 09657830	Director	28 Jul 2022	4 yrs 2 mo	Tapi Fruit Processing Limited
Yash Ghanshyambhai Lukhi DIN 09476684	Whole-time director	03 Aug 2022	4 yrs 2 mo	Tapi Fruit Processing Limited

IPO & Listings of Tapi Food Products

Tapi Food Products is a publicly listed company on the NSE with ticker symbol TAPIFRUIT in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date22 Sep 2022
Listed onNSE: TAPIFRUIT
Listed entityTapi Fruit Processing Ltd.
Exchange sectorConsumer non-durables
ISININE0M7001010
Share price₹43.50 · 2026-09-28
Market capitalisation₹18.6 Cr
EPS (diluted, trailing year)₹-3.92
Volume (last session)750

Financials of Tapi Food Products

Exchange-reported figures of Tapi Fruit Processing Limited, the listed company behind Tapi Food Products (NSE: TAPIFRUIT-SM).

Financial Highlights

FY 2025-26 · Consolidated

Revenue

₹28.53 Cr

+41.3% YoY

EBITDA

₹1.72 Cr

+407.1% YoY

Profit After Tax

−₹1.69 Cr

-0.6% YoY

Net Worth

₹10.54 Cr

-12.5% YoY

Total Assets

₹22.38 Cr

+18.1% YoY

Total Debt

₹11.33 Cr

+66.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income statement
Revenue	28.53	20.19	22.29	20.67	15.16
Revenue growth	+41.3%	-9.4%	+7.8%	+36.4%	-
EBITDA	1.72	(0.56)	0.31	0.51	1.16
EBITDA margin	+6.0%	-2.8%	+1.4%	+2.5%	+7.7%
Profit before tax	(1.70)	(1.37)	(0.15)	(0.20)	0.21
Net profit	(1.69)	(1.68)	(0.29)	(0.18)	0.15
Net profit margin	-5.9%	-8.3%	-1.3%	-0.9%	+1.0%
EPS (₹)	(3.91)	(3.35)	(0.44)	(0.48)	6.24
Balance sheet
Total assets	22.38	18.95	14.19	8.33	5.77
Net worth	10.54	12.05	12.38	7.85	0.43
Total debt	11.33	6.79	1.76	0.48	5.34
Cash & bank	0.06	0.05	3.53	0.14	0.05
Net working capital	3.97	1.86	7.75	3.70	1.87
Cash flow
Cash from operations	(0.37)	2.18	(0.11)	(1.15)	-
Cash from investing	(3.99)	(11.47)	(2.48)	(1.36)	-
Cash from financing	4.36	5.82	5.98	2.60	-

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	24.28	17.50	21.02	20.51	15.16	13.12	11.57
Revenue growth	+38.7%	-16.8%	+2.5%	+35.3%	+15.6%	+13.4%	-
EBITDA	1.48	(0.77)	0.24	0.50	1.16	0.91	0.97
EBITDA margin	+6.1%	-4.4%	+1.1%	+2.4%	+7.7%	+6.9%	+8.4%
Profit before tax	(1.87)	(1.56)	(0.24)	(0.21)	0.21	0.11	0.05
Net profit	(1.81)	(1.80)	(0.37)	(0.18)	0.15	0.10	(0.01)
Net profit margin	-7.5%	-10.3%	-1.8%	-0.9%	+1.0%	+0.8%	-0.1%
EPS (₹)	(4.22)	(3.68)	(0.60)	(0.50)	6.24	4.02	(0.34)
Balance sheet
Total assets	21.77	18.68	14.12	8.33	5.77	5.37	4.74
Net worth	10.19	11.83	12.31	7.85	0.43	0.27	0.17
Total debt	11.08	6.79	1.76	0.48	5.34	5.09	4.56
Cash & bank	0.03	0.04	3.51	0.04	0.05	0.18	0.16
Net working capital	3.77	1.67	7.87	3.71	1.87	1.81	1.52
Cash flow
Cash from operations	(0.55)	2.33	(0.23)	(1.26)	0.98	0.71	1.10
Cash from investing	(3.63)	(11.56)	(2.29)	(1.34)	(0.92)	(0.79)	(0.80)
Cash from financing	4.17	5.76	5.98	2.60	(0.19)	0.11	(0.17)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Revenue	28.53	20.19	22.29	20.67	15.16
Revenue growth	+41.3%	-9.4%	+7.8%	+36.4%	-
Other income	0.01	0.24	0.37	0.07	0.06
Total expenses	26.81	20.75	21.98	20.16	14.00
Employee cost	2.04	1.38	1.55	1.57	1.65
EBITDA	1.72	(0.56)	0.31	0.51	1.16
EBITDA margin	+6.0%	-2.8%	+1.4%	+2.5%	+7.7%
Depreciation	2.74	0.95	0.77	0.62	0.58
Interest	0.69	0.10	0.06	0.16	0.43
Profit before tax	(1.70)	(1.37)	(0.15)	(0.20)	0.21
Tax	(0.01)	0.08	0.02	(0.01)	0.06
Net profit	(1.69)	(1.68)	(0.29)	(0.18)	0.15
Net profit margin	-5.9%	-8.3%	-1.3%	-0.9%	+1.0%
EPS (₹)	(3.91)	(3.35)	(0.44)	(0.48)	6.24

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Equity & liabilities
Share capital	4.30	4.27	4.17	3.91	0.25
Reserves & surplus	6.24	7.78	7.44	3.94	0.18
Shareholders' funds (net worth)	10.54	12.05	12.38	7.85	0.43
Minority interest	0.00	0.00	0.00	0.00	0.00
Secured loans	8.53	5.89	1.76	0.42	2.33
Unsecured loans	2.80	0.90	0.00	0.06	3.01
Total debt	11.33	6.79	1.76	0.48	5.34
Total liabilities	22.38	18.95	14.19	8.33	5.77
Assets
Gross block	22.96	9.88	7.88	6.32	5.49
Net block	16.89	6.45	5.09	4.07	3.86
Capital work in progress	1.43	10.61	0.87	0.00	0.00
Investments	0.01	0.01	0.46	0.52	0.01
Inventories	3.18	2.07	1.90	1.92	2.51
Sundry debtors	1.92	1.43	1.37	1.84	1.39
Cash & bank balances	0.06	0.05	3.53	0.14	0.05
Loans & advances	2.50	1.15	1.70	1.21	0.18
Total current assets	7.66	4.70	8.50	5.11	4.13
Total current liabilities	3.69	2.84	0.75	1.41	2.26
Net working capital	3.97	1.86	7.75	3.70	1.87
Total assets	22.38	18.95	14.19	8.33	5.77

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Opening cash	0.05	3.53	0.14	0.05	-
Net cash from operating activities	(0.37)	2.18	(0.11)	(1.15)	-
Net cash from investing activities	(3.99)	(11.47)	(2.48)	(1.36)	-
Net cash from financing activities	4.36	5.82	5.98	2.60	-
Net change in cash	0.00	(3.47)	3.39	0.09	-
Closing cash	0.06	0.05	3.53	0.14	-

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Growth
Sales growth	+41.3%	-9.4%	+7.8%	+36.4%	-
EBITDA growth	+407.1%	-280.7%	-39.2%	-56.0%	-
PBT growth	-24.1%	-813.3%	+25.0%	-	+9997.0%
Net income growth	-0.6%	-479.3%	-61.1%	-220.0%	-
Revenue CAGR (3Y)	+11.3%	+10.0%	-	-	-
EBITDA CAGR (3Y)	+50.0%	-	-	-	-
Profitability & leverage
Net income margin	-5.9%	-7.2%	-0.8%	-0.9%	+1.0%
Return on capital employed	0.0%	0.0%	0.0%	0.0%	-
Return on net worth	0.0%	0.0%	0.0%	0.0%	-
Debt / equity	0.80	0.35	0.11	0.70	-
Long-term debt / equity	0.48	0.24	0.05	0.49	-
Interest cover	-67.65	-6.62	-13.04	-145.45	74.14
Efficiency & per share
Fixed asset turnover	1.74	2.27	3.14	3.50	-
Inventory turnover	10.87	10.17	11.67	9.33	-
Debtors turnover	17.03	14.42	13.89	12.80	-
EPS (₹)	(3.91)	(3.35)	(0.44)	(0.48)	6.24
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	24.51	28.21	27.85	20.07	17.21

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	24.28	17.50	21.02	20.51	15.16	13.12	11.57
Revenue growth	+38.7%	-16.8%	+2.5%	+35.3%	+15.6%	+13.4%	-
Other income	0.01	0.24	0.36	0.07	0.06	0.09	0.00
Total expenses	22.80	18.27	20.78	20.01	14.00	12.21	10.60
Employee cost	1.96	1.35	1.52	1.57	1.65	1.60	1.35
EBITDA	1.48	(0.77)	0.24	0.50	1.16	0.91	0.97
EBITDA margin	+6.1%	-4.4%	+1.1%	+2.4%	+7.7%	+6.9%	+8.4%
Depreciation	2.68	0.93	0.77	0.62	0.58	0.47	0.44
Interest	0.68	0.10	0.07	0.16	0.43	0.42	0.48
Profit before tax	(1.87)	(1.56)	(0.24)	(0.21)	0.21	0.11	0.05
Tax	(0.06)	0.02	0.01	(0.02)	0.06	0.01	0.06
Net profit	(1.81)	(1.80)	(0.37)	(0.18)	0.15	0.10	(0.01)
Net profit margin	-7.5%	-10.3%	-1.8%	-0.9%	+1.0%	+0.8%	-0.1%
EPS (₹)	(4.22)	(3.68)	(0.60)	(0.50)	6.24	4.02	(0.34)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	4.30	4.27	4.17	3.91	0.25	0.25	0.25
Reserves & surplus	5.89	7.56	7.37	3.94	0.18	0.02	(0.08)
Shareholders' funds (net worth)	10.19	11.83	12.31	7.85	0.43	0.27	0.17
Secured loans	8.33	5.89	1.76	0.42	2.33	2.37	2.41
Unsecured loans	2.75	0.90	0.00	0.06	3.01	2.72	2.15
Total debt	11.08	6.79	1.76	0.48	5.34	5.09	4.56
Total liabilities	-	-	14.12	8.33	5.77	5.37	4.74
Assets
Gross block	22.48	9.76	7.76	6.30	5.49	4.24	3.78
Net block	16.49	6.36	4.97	4.05	3.86	3.19	3.20
Capital work in progress	1.43	10.61	0.87	0.00	0.00	0.33	0.00
Investments	0.02	0.02	0.37	0.53	0.01	0.01	0.01
Inventories	3.14	2.06	1.88	1.92	2.51	2.25	1.65
Sundry debtors	1.91	1.38	1.36	1.84	1.39	1.26	0.76
Cash & bank balances	0.03	0.04	3.51	0.04	0.05	0.18	0.16
Loans & advances	1.86	0.80	1.66	1.21	0.18	0.13	0.11
Total current assets	6.94	4.28	8.41	5.01	4.13	3.82	2.68
Total current liabilities	3.17	2.61	0.54	1.30	2.26	2.01	1.16
Net working capital	3.77	1.67	7.87	3.71	1.87	1.81	1.52
Total assets	21.77	18.68	14.12	8.33	5.77	5.37	4.74

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.04	3.51	0.04	0.05	0.18	0.16	0.02
Net cash from operating activities	(0.55)	2.33	(0.23)	(1.26)	0.98	0.71	1.10
Net cash from investing activities	(3.63)	(11.56)	(2.29)	(1.34)	(0.92)	(0.79)	(0.80)
Net cash from financing activities	4.17	5.76	5.98	2.60	(0.19)	0.11	(0.17)
Net change in cash	(0.01)	(3.47)	3.46	0.00	(0.13)	0.02	0.13
Closing cash	0.03	0.04	3.51	0.04	0.05	0.18	0.16

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+38.7%	-16.8%	+2.5%	+35.3%	+15.6%	+13.4%	-
EBITDA growth	+292.2%	-420.8%	-52.0%	-56.9%	+27.5%	-6.2%	-
PBT growth	-19.9%	-550.0%	-14.3%	-	+90.9%	+120.0%	+9998.0%
Net income growth	-0.6%	-386.5%	-105.6%	-220.0%	+50.0%	+1100.0%	-
Revenue CAGR (3Y)	+5.8%	+4.9%	+17.0%	+21.0%	+52.1%	-	-
EBITDA CAGR (3Y)	+43.6%	-	-35.9%	-19.8%	+76.8%	-	-
Profitability & leverage
Net income margin	-7.5%	-9.0%	-1.2%	-0.9%	+1.0%	+0.8%	-0.1%
Return on capital employed	0.0%	0.0%	0.0%	0.0%	+11.5%	+10.5%	0.0%
Return on net worth	0.0%	0.0%	0.0%	0.0%	+45.7%	+45.5%	0.0%
Debt / equity	0.81	0.35	0.11	0.70	14.90	21.93	25.17
Long-term debt / equity	0.48	0.24	0.05	0.49	10.32	14.56	17.55
Interest cover	-56.67	-5.88	-13.21	-133.33	74.14	95.45	90.57
Efficiency & per share
Fixed asset turnover	1.51	2.00	2.99	3.48	3.12	3.27	3.52
Inventory turnover	9.34	8.88	11.06	9.26	6.37	6.73	7.59
Debtors turnover	14.76	12.77	13.14	12.70	11.44	12.99	15.74
EPS (₹)	(4.22)	(3.68)	(0.60)	(0.50)	6.24	4.02	(0.34)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	23.70	27.70	27.68	20.06	17.21	10.97	6.94

Competitors of Tapi Food Products

Tapi Food Products has 6 listed competitors in our database, 2 of them funded. They include Gud Gum, Amber Nutrition, Candzey, Dobiee Foods and Shadani, among others.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
Gud Gum	gudgum.in	2022	Bengaluru, India	$96,355	–	Plastic-free, biodegradable chewing gum is manufactured using natural chicle.
Amber Nutrition	ambernutrition.in	1993	Indore, India	–	133	Amber Nutrition produces premium candies, toffees, and eclairs with quality focus.
Candzey	candzey.com	2021	Ghaziabad, India	–	19	A brand specializing in high-quality candy products.
Dobiee Foods	dobiee.com	2020	Nashik, India	$130,172	–	Confectionery products including gums and candies are offered online.
Shadani	shadanigroup.com	2008	Delhi, India	–	92	Online platform offering candies, mouth fresheners, and seasonings for consumers.
Impact Mints	impactmints.in	2021	Delhi, India	–	95	Offers comprehensive solutions for sugar-free mint gums.

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Detailed competitors of Tapi Food Products

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Web traffic of Tapi Food Products

The website of Tapi Food Products (tapifood.com) receives about 5.2K visits a month.

Monthly visits
5.2K
▼ 42% vs previous month

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••••••••••	••••••.com	••%	•.•M	#•••••	–
••••••••••	••••••.com	••%	•.•M	#•••••	–
••••••••••	••••••.com	••%	•.•M	#•••••	–

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Engagement analytics
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Top companies in Food & Beverage Products & Processing

10 companies that operate in the same segment as Tapi Food Products (Food & Beverage Products & Processing), ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Country Delight	Platform offering a subscription-based delivery service for fresh milk and groceries	2015	Gurugram, Haryana, India	USD 228.42 M	USD 99.78 M	3,464
Vital Farms	Hens and cattle are reared to supply eggs and butter.	2007	Austin, Texas, United States	USD 49.96 M	USD 759.44 M	598
Blue Tokai Coffee Roasters	Subscription-based coffee products are offered by an internet-first brand.	2013	Gurugram, Haryana, India	USD 112.84 M	USD 25.83 M	2,059
Panera Bread	Provider of bakery-cafe services and a loyalty program	1987	St. Louis, Missouri, United States	USD 145.61 M	–	–
Licious	Meat and seafood products are delivered via an online platform.	2015	Bengaluru, Karnataka, India	USD 564.84 M	USD 97.26 M	2,828
Sweet Karam Coffee	Dry snacks and coffee are manufactured and distributed.	2015	Chennai, Tamil Nadu, India	USD 16.52 M	USD 208 K	29
PepsiCo	Food, snacks, and beverages are produced and distributed globally.	1898	Purchase, New York, United States	–	USD 93.92 B	319,000
Akshayakalpa Organic	Multi-category organic dairy products are offered online.	2010	Tiptur, Karnataka, India	USD 58.15 M	USD 23.34 M	810
The Whole Truth Foods	Packaged food products are offered through an online platform.	2019	Mumbai, Maharashtra, India	USD 37.6 M	USD 4.41 M	168
Nestlé	Multi-category food and beverage products are produced and distributed globally.	1866	Vevey, Vaud, Switzerland	–	USD 2.36 B	16,250

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