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Tainwala Chemical and Plastic (I) Limited (TAINWALCHM) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.9B

TC Tainwala Chemical and Plastic (I) Limited TAINWALCHM · NSE
Price₹208.50
Fair Value₹69.70
Upside-66.6%
Quality56/100
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Healthy Growth
Highly profitable · 60.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 35/100
Evidence: High Range ₹61.36 – ₹77.99 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 5 days ago

Share price −3.3% over the past month.

A solid business, but screening 67% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹77.99). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹311.98 ₹53.92 Fair Value ₹69.70 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹53.92 – ₹311.98 · fair‑value band ₹61.36 – ₹77.99 · the ₹208.50 price screens above the ₹69.70 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tainwala Chemical and Plastic (I) Limited (TAINWALCHM) currently trades at ₹208.50, while our model-based Fair Value estimate is ₹69.70, implying the stock looks roughly 66.6% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Tainwala Chemical and Plastic (I) Limited generated revenue of ₹178M at a net margin of 60.5%. Revenue declined 74.9% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of ₹9.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹61.36 (bear case) to ₹77.99 (bull case); at ₹208.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at -67%, TAINWALCHM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹105.07 ₹140.60 ₹183.62 80
Residual Income ₹137.07 ₹138.50 ₹131.90 76
Rev-Margin DCF ₹43.60 ₹48.05 ₹52.11 74
All 26 models by family
DCF Models
FCF DCF ₹103.77 ₹143.64 ₹194.54 38
Owner Earnings ₹108.81 ₹150.62 ₹204.02 31
5Y Revenue Exit ₹43.60 ₹48.17 ₹51.99 39
5Y EBITDA Exit ₹44.92 ₹50.56 ₹55.56 41
5Y P/E Exit ₹119.15 ₹185.26 ₹252.31 38
10Y Revenue Exit ₹67.98 ₹77.22 ₹86.24 36
10Y EBITDA Exit ₹68.76 ₹78.72 ₹88.66 37
10Y P/E Exit ₹111.53 ₹162.79 ₹222.03 35
Earnings-Based
Graham-Dodd ₹78.32 ₹208.80 ₹273.06 54
Lynch FV ₹40.47 ₹57.82 ₹75.17 50
PEG = 1.0 ₹40.47 ₹57.82 ₹75.17 46
EPV ₹1.41 ₹1.47 ₹1.52 59
Dividend Discount
Gordon GGM ₹23.31 ₹42.00 ₹57.82 70
DDM Multi-Stage ₹23.31 ₹34.06 ₹44.00 61
Multiples
P/E Multiple ₹146.85 ₹195.81 ₹244.76 63
P/S Multiple ₹21.43 ₹28.57 ₹35.71 58
P/B Multiple ₹146.85 ₹195.81 ₹244.76 55
EV/EBIT ₹2.13 ₹2.52 ₹2.90 53
EV/EBITDA ₹4.59 ₹5.80 ₹7.00 54
EV/Revenue ₹1.98 ₹2.41 ₹2.84 43
Asset-Based
NCAV (Graham) ₹91.94 ₹123.20 ₹183.88 50
Growth DCF
Growth DCF ₹105.07 ₹140.60 ₹183.62 80
Rev-Margin DCF ₹43.60 ₹48.05 ₹52.11 74
Economic Profit
Residual Income ₹137.07 ₹138.50 ₹131.90 76
ROIC Compounder ₹1.41 ₹1.47 ₹1.52 72
Growth Earnings
Growth-Adj P/E ₹117.72 ₹168.17 ₹218.62 68

Widest divergence: Growth Earnings (₹168.17) versus Economic Profit (₹1.47). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹178M
Revenue growth (YoY) -74.9%
Net margin 60.5%
Return on equity 6.6%
Free cash flow ₹106M FY2026
P/E ratio 18.1
More key figures
Operating margin -118%
EPS (TTM) ₹11.51
EPS growth (YoY) +29.6%
Net cash ₹9.1M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 59 · Market factors (momentum, volatility) 47

Profitability 36
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Tainwala Chemicals and Plastics (India) Limited engages in the manufacture and sale of extruded plastic sheets in India. The company operates in two segments, Plastic Sheets and Tradable Items.

Full company description

Tainwala Chemicals and Plastics (India) Limited engages in the manufacture and sale of extruded plastic sheets in India. The company operates in two segments, Plastic Sheets and Tradable Items. It company offers PVC rigid, flexible, and corrugated sheets, as well as PVC foils; and polypropylene, talc-filled polypropylene, glass-fabric laminated polypropylene, polyethylene, polystyrene, acrylontrile, and polypropylene copolymer sheets. The company is also involved in commodity and share trading business. Its products are used in the fabrication of industrial equipment; the lining of chemical tanks; signboards; automobiles; and pollution control equipment. It serves the engineering and construction, affluent treatment, automobile, auto ancillary, railway, chemical plant manufacturing, humanitarian, white goods, and other industries. Tainwala Chemicals and Plastics (India) Limited was incorporated in 1985 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tainwala Chemical and Plastic (I) Limited reported revenue of ₹178M in FY2026 versus ₹77.2M in FY2022, a compound +23.3%/yr. Reported net income was ₹108M in FY2026, compounding +132.6%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹178M
Latest YoY
+8.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.5%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.2%
Revenue +23.3%/yr
FY22 ₹77.2M
FY23 ₹128M
FY24 ₹180M
FY25 ₹164M
FY26 ₹178M
Net income +132.6%/yr
FY22 ₹3.7M
FY23 ₹32.8M
FY24 ₹48.1M
FY25 ₹49.2M
FY26 ₹108M
Character of growth · EPS growth decomposed (2015-2026) +8.5 % p.a.
Revenue per share +7.8 pp

of which total revenue +7.8 pp · buybacks/dilution +0.0 pp

EBIT margin −24.0 pp
Tax rate +3.3 pp
Residual (interest, one-offs) +21.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TAINWALCHM screens 67% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Tainwala Chemical and Plastic (I) Limited Fair Value". https://www.fairvalue-calculator.com/stock/TAINWALCHM

Peer Group

Specialty Chemicals · 672 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 60% · Top 25%
Operating margin (TTM) -118% · Bottom 25%
Revenue growth -75% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 18.1× · Cheaper than median
P/B 1.10× · Cheaper than median
P/S (TTM) 10.62× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 18
PAST 26 · sector 23
HEALTH 100 · sector 95
DIVIDEND 30 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Tainwala Chemical and Plastic (I) Limited (TAINWALCHM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹69.70 versus a price of ₹208.50, about −67% (overvalued).
What is the fair value of TAINWALCHM?
Our model-based fair value for Tainwala Chemical and Plastic (I) Limited is ₹69.70 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹208.50.
What is the quality score of TAINWALCHM?
Tainwala Chemical and Plastic (I) Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Tainwala Chemical and Plastic (I) Limited (TAINWALCHM)?
Tainwala Chemical and Plastic (I) Limited reported trailing-twelve-month revenue of about ₹178M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TAINWALCHM?
The net profit margin of Tainwala Chemical and Plastic (I) Limited is about 60.5%, meaning it keeps roughly 60.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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