Tpi India Limited

BSE: 500421
Tpi India Limited - packaging in Murad, Maharashtra, India. FY 2026 financials & compliance.
CIN L28129MH1982PLC026917 Incorporated 14 April 1982 ROC Mumbai HQ Murad, Maharashtra, India
Active Listed - BSE: 500421 Public Limited Company packaging MSME · Small
Data last updated
Market Cap
₹53.06 Cr
TPINDIA · BSE
Share Price
₹11.75
-4.86% today
Revenue
₹34.00 Cr
FY 2025-26 · +12.7% YoY
EBITDA
₹4.08 Cr
Margin 12.0%
Net Profit
₹2.50 Cr
FY 2025-26 · +594.4% YoY
P/E (TTM)
18.5x
P/B -
ROE
10.1%
ROCE 9.0%
Authorised capital
₹15 Cr
Registered with MCA

About Tpi India Limited

Data last updated:

Tpi India Limited is a public limited company based in Murad, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 14 April 1982 and has been in existence for over 44 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28129MH1982PLC026917. Its GSTIN is 27AACCT7772P1ZH (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 500421.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Tarapur Packaging Industries P Ltd. It is led by directors including Bharat Chimanlal Parekh (Managing Director) and Ravindra Chandulal Shukla.

Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. J – 61 Additional MIDC Murbad, Murad, Maharashtra, India – 421401.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹34 Cr, a growth of 12.7% compared to the previous year. For the same year it recorded a net profit of ₹2.5 Cr (net margin 7.4%) and EBITDA of ₹4.08 Cr (EBITDA margin 12%). Total assets are valued at ₹6.08 Cr (up 123.5% YoY).

The company has about 18 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Tpi India Ltd. As per MCA filings, the company has open charges of ₹7.38 Cr and satisfied charges of ₹119.57 Cr on record. Court records list 53 cases involving the company, including 15 filed by the company and 38 filed against it; 2 cases are pending. The company has 20 deals on record (20 market trades); the latest was in May 2026. Its 3 peer companies in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 smaller; the largest is Stypack Polyfoams Private Limited with revenue of ₹30.18 Cr.

Tpi India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0031264). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website tpiindia.in.

Company details

CIN L28129MH1982PLC026917
Registration Number 026917
Incorporation Date 14 April 1982
ROC Mumbai
Listing Status Listed - Listed on BSE (500421)
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0031264
Key People
Bharat Chimanlal Parekh Managing Director Ravindra Chandulal Shukla Director Ishan Dilipkumar Selarka Director

Recognitions & Rankings of Tpi India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-33-0031264

Contact details

Tpi India Limited's registered office is in Murad, Maharashtra. Its website is tpiindia.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    tpiindia.in
  • Registered Address
    Plot No. J – 61 Additional MIDC Murbad, Murad, Maharashtra, India – 421401
  • Industry
    Packaging, Industrial Packaging Solutions

To see the full contact details of Tpi India Limited, buy the company report.

Comprehensive company report
Tpi India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Tpi India operates one associated brand: TPI INDIA LTD. Each brand links to its own profile.

BrandDescriptionWebsite
TPI INDIA LTD
Chain of Coney Island-style restaurants operated in India.tpiindia.in

Business activity

The main business activity of Tpi India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Tpi India Limited, buy the company report.

Financials of Tpi India Limited

FY 2025-26 filings available

Tpi India Limited reported revenue of ₹34 Cr (up 12.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹34.00 Cr
+12.7% YoY
EBITDA
₹4.08 Cr
+76.6% YoY
Profit After Tax
₹2.50 Cr
+594.4% YoY
Net Worth
−₹11.70 Cr
+17.5% YoY
Total Assets
₹6.08 Cr
+123.5% YoY
Total Debt
₹17.50 Cr
+5.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue34.0030.1823.7521.3122.8118.3316.75
Revenue growth+12.7%+27.1%+11.5%-6.6%+24.4%+9.4%-
EBITDA4.082.310.030.68(0.14)(1.29)(1.74)
EBITDA margin+12.0%+7.7%+0.1%+3.2%-0.6%-7.0%-10.4%
Profit before tax2.630.350.4515.91(0.97)(2.32)(2.99)
Net profit2.500.36(1.41)15.91(0.97)(2.32)(2.99)
Net profit margin+7.4%+1.2%-5.9%+74.7%-4.3%-12.7%-17.9%
EPS (₹)0.580.080.113.70(0.23)(0.54)(0.69)
Balance sheet
Total assets6.082.721.15(2.44)(8.53)(7.68)(5.50)
Net worth(11.70)(14.19)(14.55)(15.01)(30.91)(29.94)(27.61)
Total debt17.5016.6615.4912.5422.3422.2322.01
Cash & bank0.110.080.120.060.070.100.13
Net working capital2.10(0.94)(2.91)(5.48)(11.74)(11.10)(9.27)
Cash flow
Cash from operations1.260.88(2.51)10.631.250.690.68
Cash from investing(0.65)(0.20)0.85(0.07)(0.03)(0.09)0.00
Cash from financing(0.08)(0.71)1.72(10.58)(1.25)(0.63)(0.76)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.719.858.398.936.848.098.197.63
Revenue growth (YoY)+27.3%+21.8%+2.4%+17.0%+9.1%---
Other income0.000.260.010.000.010.020.000.00
Total expenses7.917.737.468.256.497.347.487.00
EBITDA0.802.120.930.680.350.750.710.63
EBITDA margin+9.2%+21.5%+11.1%+7.6%+5.1%+9.3%+8.7%+8.3%
Depreciation0.140.140.140.140.130.160.170.16
Interest0.270.240.290.320.330.360.370.32
Profit before tax0.392.000.510.22(0.10)0.250.170.15
Tax0.000.130.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8.719.858.398.936.848.098.197.63
Revenue growth (YoY)+27.3%+21.8%+2.4%+17.0%+9.1%---
Other income0.000.260.010.000.010.020.000.00
Total expenses7.917.737.468.256.497.347.487.00
EBITDA0.802.120.930.680.350.750.710.63
EBITDA margin+9.2%+21.5%+11.1%+7.6%+5.1%+9.3%+8.7%+8.3%
Depreciation0.140.140.140.140.130.160.170.16
Interest0.270.240.290.320.330.360.370.32
Profit before tax0.392.000.510.22(0.10)0.250.170.15
Tax0.000.130.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue34.0030.1823.7521.3122.8118.3316.75
Revenue growth+12.7%+27.1%+11.5%-6.6%+24.4%+9.4%-
Other income0.280.022.2516.280.090.060.01
Total expenses29.9227.8723.7220.6322.9519.6218.49
Employee cost1.501.381.151.131.091.161.26
EBITDA4.082.310.030.68(0.14)(1.29)(1.74)
EBITDA margin+12.0%+7.7%+0.1%+3.2%-0.6%-7.0%-10.4%
Depreciation0.550.650.280.230.260.450.66
Interest1.181.331.550.820.660.640.60
Profit before tax2.630.350.4515.91(0.97)(2.32)(2.99)
Tax0.130.000.000.000.000.000.00
Net profit2.500.36(1.41)15.91(0.97)(2.32)(2.99)
Net profit margin+7.4%+1.2%-5.9%+74.7%-4.3%-12.7%-17.9%
EPS (₹)0.580.080.113.70(0.23)(0.54)(0.69)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.304.304.304.304.304.304.30
Reserves & surplus(16.00)(18.49)(18.85)(19.31)(35.21)(34.24)(31.91)
Shareholders' funds (net worth)(11.70)(14.19)(14.55)(15.01)(30.91)(29.94)(27.61)
Secured loans6.577.958.6110.5516.4116.2015.56
Unsecured loans10.938.716.881.995.936.036.45
Total debt17.5016.6615.4912.5422.3422.2322.01
Total liabilities6.082.721.15(2.44)(8.53)(7.68)(5.50)
Assets
Gross block6.295.695.486.576.506.466.37
Net block3.373.323.762.772.933.143.50
Capital work in progress0.040.000.000.000.000.000.00
Investments0.100.090.090.090.090.090.08
Inventories3.732.662.662.042.342.631.83
Sundry debtors4.362.621.801.551.971.651.10
Cash & bank balances0.110.080.120.060.070.100.13
Loans & advances0.430.310.240.190.201.031.17
Total current assets8.635.674.823.844.585.414.23
Total current liabilities6.536.617.739.3216.3216.5113.50
Net working capital2.10(0.94)(2.91)(5.48)(11.74)(11.10)(9.27)
Total assets6.082.721.15(2.44)(8.53)(7.68)(5.50)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.080.120.060.070.100.130.22
Net cash from operating activities1.260.88(2.51)10.631.250.690.68
Net cash from investing activities(0.65)(0.20)0.85(0.07)(0.03)(0.09)0.00
Net cash from financing activities(0.08)(0.71)1.72(10.58)(1.25)(0.63)(0.76)
Net change in cash0.53(0.03)0.06(0.01)(0.03)(0.03)(0.09)
Closing cash0.110.080.120.060.070.100.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.7%+27.1%+11.5%-6.6%+24.4%+9.4%-
EBITDA growth+76.6%+7600.0%-95.6%+585.7%+89.2%+25.9%-
PBT growth+651.4%-22.2%-97.2%+9998.0%+58.2%+22.4%+64.7%
Net income growth+594.4%+125.5%-108.9%+1740.2%+58.2%+22.4%-
Revenue CAGR (3Y)+16.9%+9.8%+9.0%+8.4%+0.0%-12.6%-25.5%
EBITDA CAGR (3Y)+81.7%----73.0%-22.1%-28.9%
Profitability & leverage
Net income margin+7.4%+1.2%+1.9%+74.7%-4.3%-12.7%-17.9%
Return on capital employed+9.0%+4.1%+0.4%+116.3%0.0%0.0%0.0%
Return on net worth+10.1%+1.4%-5.7%-513.7%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover33.4380.12-620.00182.22-165.00-36.78-25.00
Efficiency & per share
Fixed asset turnover5.685.403.943.263.522.862.63
Inventory turnover10.6411.3510.119.739.188.228.38
Debtors turnover9.7413.6614.1812.1112.6013.338.86
EPS (₹)0.580.080.113.70(0.23)(0.54)(0.69)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(2.72)(3.30)(3.39)(3.49)(7.19)(6.97)(6.43)

To see the full year-wise statements and ratios of Tpi India Limited, buy the company report.

Board of directors of Tpi India Limited

Tpi India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bharat Chimanlal Parekh
Also directs: Shreeji Exports Private Limited, Trillion Investment and Trading Company Private Limited
Managing Director02 May 198640 Years 5 MonthsCurrent
Ravindra Chandulal ShuklaDirector14 Aug 20179 Years 2 MonthsCurrent
Ishan Dilipkumar Selarka
Also directs: Innsaei Logic Private Limited
Director14 Nov 201312 Years 11 MonthsCurrent
Punam Bhikaji NyaynirguneDirector08 Aug 20242 Years 2 MonthsCurrent
View all directors

Peer comparison

Tpi India Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Tpi India Limitedthis company₹34 Cr (FY 2026)₹2.5 Cr7.4%12.7%18Murad, Maharashtra, India
Stypack Polyfoams Private Limited₹30.18 Cr (FY 2025)14.0%Hyderabad, Telangana, India
Desai Industries Private Limited₹29.77 Cr (FY 2025)22.0%Kheda, Gujarat, India
Suubhang Capsas Private Limited₹29.74 Cr (FY 2024)1.0%Silvassa, Dadra and Nagar Haveli, India

To see the full peer comparison of Tpi India Limited, buy the company report.

Auditor

Tpi India Limited is audited by Jain Jagawat & Kamdar & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Jain Jagawat & Kamdar & Co.FY 2023122530W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 58.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 41.30%.

Promoters: 58.70%Retail & Others: 41.30%
Mar 2026
QUARTER
58.70% Promoters
41.30% Retail & Others
Promoter holding - history
Now 58.70% · Mar 2026High 75.00% · Jun 2025Low 58.70% · Sep 2025
57%61.8%66.5%71.3%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 75.00%Sep 2025: 58.70%Dec 2025: 58.70%Mar 2026: 58.70%75.00%58.70%58.70%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters58.70%58.70%58.70%75.00%
Public41.30%41.30%41.30%25.00%

Charges & borrowings

Open charges
₹7.38 Cr
Satisfied charges
₹119.57 Cr
Breakdown by lending institutions
Kokan Merchantile Co-Operative Bank Ltd.₹7.38 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Mar 201110284815Kokan Merchantile Co-Operative Bank Ltd.₹7.38 CrOpen
12 Feb 201510567126Sicom Investments & Finance Limited₹5 CrSatisfied
03 Jun 201310439368Sicom Investments & Finance Limited₹4 CrSatisfied
06 Aug 201210373451Sicom Investments & Finance Limited₹2.5 CrSatisfied
07 Dec 201010265439Sicom Limited₹5 CrSatisfied

To see the full charge records of Tpi India Limited, buy the company report.

Total charge records: 49 View all charges

Deals & funding

Tpi India Limited has 20 deals on record (20 market trades); the latest was in May 2026.

Total deals
20
Market trades
20

Deals on record (5 of 20)

WhenDealAmountParties
May 2026Market trade₹1.01 CrBuyer: Piyush Securities Pvt Ltd , Dealmoney Commodities Private Limited
Seller: Dealmoney Commodities Private Limited , 2 individuals
Nov 2025Market trade₹75.1 LakhBuyer: Volga Commerce Pvt Ltd
Seller: Shreni Shares Limited
Nov 2025Market trade₹63.8 LakhBuyer: Volga Commerce Pvt Ltd
Jul 2025Market trade₹75 LakhBuyer: L7 Hitech Private Limited
Seller: an individual
Feb 2025Market trade₹1.14 CrBuyer: Shreni Shares Limited
Seller: Biren P.Gandhi Huf

To see the full deal history of Tpi India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Tpi India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Tpi India Limited has a workforce of 18 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
18
Active EPFO establishments
1
Employee growth
-5.26%

GST

Tpi India has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AACCT7772P1ZHMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Tpi India Limited, buy the company report.

Recent activity

Tpi India Limited has 20 board changes on record since 1986: 12 appointments and 8 cessations. The latest: Punam Bhikaji Nyaynirgune was appointed as Director on 08 Aug 2024.

Filing
Tpi India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge with Kokan Merchantile Co-Operative Bank Ltd. of Rs. 7.38 Cr registered on 31 Mar 2011 with Charge ID 10284815 was modified on 11 Feb 2026.
AGM
Tpi India Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Charges
A charge registered on 14 Dec 1997 via Charge ID 90152514 with Industrial Development Bank Of India was fully satisfied on 08 Dec 2024.
Charges
A charge registered on 09 Aug 1995 via Charge ID 90153174 with Industrial Development Bank Of India was fully satisfied on 08 Dec 2024.
Appointed
Punam Bhikaji Nyaynirgune was appointed as Director.
Charges
A charge registered on 20 Apr 1983 via Charge ID 90152684 with Indian Overseas Bank was fully satisfied on 20 Dec 2023.
Ceased
Anjali Vikas Sapkal ceased to be Director.
Ceased
Prathamesh Ravindra Sonsurkar ceased to be Company Secretary.
Charges
A charge registered on 16 Oct 1995 via Charge ID 90152474 with Maharashtra State Financial Corpn. was fully satisfied on 10 Aug 2023.
Charges
A charge registered on 05 Dec 1998 via Charge ID 90152527 with The Federal Bank Ltd was fully satisfied on 13 Apr 2023.
Charges
A charge registered on 10 Oct 1998 via Charge ID 90153532 with The Federal Bank Ltd was fully satisfied on 13 Apr 2023.

122 earlier events are in the company report.

News

Frequently asked questions

Tpi India is an active public limited company based in Murad, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 14 April 1982 (44+ years old) and is registered under CIN L28129MH1982PLC026917. Listed on BSE: 500421.

Tpi India reported revenue of ₹34 Cr for FY 2025-26 (up 12.7% YoY) based on standalone financials.

Tpi India has 4 current directors:

The latest financial statements of Tpi India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Tpi India is 27AACCT7772P1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Tpi India is L28129MH1982PLC026917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tpi India is a listed company as per MCA records. Its shares are listed on BSE (code: 500421).

Tpi India has 53 court cases on record: 15 filed by the company and 38 filed against it. 2 are pending. Most are in the district courts.

Tpi India was incorporated on 14 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.

Tpi India has 20 deals on record (20 market trades); the latest was in May 2026.

The peers of Tpi India by revenue are Stypack Polyfoams Private Limited, Desai Industries Private Limited, Suubhang Capsas Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).