Tamilnadu Petroproducts Limited (TNPETRO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-316.8%

-₹249.29

vs ₹115.00 price

Levered DCF

-₹373.37

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.39×	10.81×	15.13×	6.83×	5.86×	3.48×	3.53×	5.66×
P/B	0.71×	0.69×	0.88×	0.78×	1.37×	0.74×	0.46×	0.76×
P/S	0.49×	0.35×	0.45×	0.3×	0.57×	0.38×	0.18×	0.26×
EV / EBITDA	5.74×	8.45×	6.41×	4.53×	3.67×	1.77×	1.31×	2.72×
Gross margin	15.4%	18.8%	39.4%	41.7%	49.9%	52.3%	42.6%	41.0%
Operating margin	7.2%	15.8%	3.4%	5.2%	12.6%	13.0%	5.9%	5.8%
Net margin	6.6%	3.2%	3.0%	4.4%	9.7%	11.0%	5.2%	4.6%
Current ratio	1.6×	2.35×	4.59×	3.63×	4.27×	3.42×	2.52×	2.4×
Debt / equity	0.46×	0.15×	0.02×	0.09×	0.09×	0.09×	0.08×	0.09×
Interest coverage	6.48×	46.12×	7.99×	16.37×	38.93×	20.52×	7.63×	10.48×
Dividend yield	1.5%	1.7%	1.7%	4.0%	2.1%	3.0%	4.7%	1.7%
Payout ratio	11.1%	18.5%	25.9%	27.1%	12.3%	10.3%	16.6%	9.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.6%	6.4%	5.8%	11.4%	23.4%	21.4%	13.1%	13.4%
Return on invested capital	5.1%	19.2%	4.7%	8.7%	19.3%	15.4%	10.1%	10.7%
Return on assets	5.7%	4.3%	4.6%	8.5%	17.9%	15.9%	9.4%	9.1%
Free cash flow yield	-47.8%	-28.6%	15.4%	0.4%	7.0%	20.5%	10.0%	10.9%
Earnings yield	13.5%	9.2%	6.6%	14.6%	17.1%	28.7%	28.4%	17.7%
Enterprise value	₹9.8B	₹5.4B	₹6.1B	₹5.9B	₹9.7B	₹3.6B	₹1.4B	₹2.5B
Net debt / EBITDA	1.53×	-1.49×	-1.58×	-0.42×	-0.2×	-0.38×	-0.77×	-0.8×
Cash conversion cycle (days)	70	24	29	47	57	54	29	28