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Tamilnadu PetroProducts Limited (TNPETRO) Fair Value & Analysis

Basic Materials · IN · Market cap ₹8.8B

TP Tamilnadu PetroProducts Limited TNPETRO · NSE
Price₹114.16
Fair Value₹140.55
Upside+23.1%
Quality44/100
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Expensive Growth
Thin margins · 6.7% net margin
Low debt · negative free cash flow
1.55% dividend yield
Ranks above peers (8/13)
Narrow moat 34/100
Evidence: Medium Range ₹98.38 – ₹182.71 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Share price +20.2% over the past month.

Below-average quality, screening 23% undervalued on our models.

What matters now

  • A fairly wide model range (₹98.38 to ₹182.71) leaves room in how you read the outcome.
  • Our model range runs from ₹98.38 (bear) to ₹182.71 (bull), base ₹140.55. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹135.07 ₹63.50 Fair Value ₹140.55 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 ₹63.50 – ₹135.07 · fair‑value band ₹98.38 – ₹182.71 · the ₹114.16 price screens below the ₹140.55 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tamilnadu PetroProducts Limited (TNPETRO) currently trades at ₹114.16, while our model-based Fair Value estimate is ₹140.55, implying the stock looks roughly 23.1% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Tamilnadu PetroProducts Limited generated revenue of ₹14.7B at a net margin of 6.7%. Revenue declined 72.6% year over year. It earns a return on equity of 10.1%. Net debt stands at ₹1.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹98.38 (bear case) to ₹182.71 (bull case); at ₹114.16, the current price sits within 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 12% below its 52-week high and 45% 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 23%, TNPETRO 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
Residual Income ₹96.40 ₹105.80 ₹151.51 76
ROIC Compounder ₹96.09 ₹107.87 ₹119.59 72
Gordon GGM ₹10.54 ₹13.38 ₹16.21 70
All 14 models by family
Earnings-Based
Graham-Dodd ₹73.65 ₹129.42 ₹158.89 54
EPV ₹96.09 ₹107.87 ₹118.03 59
Dividend Discount
Gordon GGM ₹10.54 ₹13.38 ₹16.21 70
DDM Multi-Stage ₹10.54 ₹14.09 ₹18.24 61
Multiples
P/E Multiple ₹138.10 ₹184.13 ₹230.16 63
P/S Multiple ₹138.10 ₹184.13 ₹230.16 58
P/B Multiple ₹138.10 ₹184.13 ₹230.16 55
EV/EBIT ₹144.18 ₹185.07 ₹225.97 53
EV/EBITDA ₹130.79 ₹167.22 ₹203.64 54
EV/Revenue ₹127.82 ₹173.39 ₹218.96 43
Asset-Based
NCAV (Graham) ₹56.56 ₹75.78 ₹113.11 50
Economic Profit
Residual Income ₹96.40 ₹105.80 ₹151.51 76
ROIC Compounder ₹96.09 ₹107.87 ₹119.59 72
Growth Earnings
Growth-Adj P/E ₹98.38 ₹140.55 ₹182.71 68

Widest divergence: Multiples (₹184.13) versus Dividend Discount (₹13.38). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹14.7B
Revenue growth (YoY) -72.6%
Net margin 6.7%
Return on equity 10.1%
Free cash flow −₹3.4B FY2026
P/E ratio 10.5
More key figures
Operating margin 3.4%
EPS (TTM) ₹10.83
Dividend yield 1.6%
EPS growth (YoY) -69.9%
Net debt ₹1.2B FY2026

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 45 · Market factors (momentum, volatility) 63

Profitability 42
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 81
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

Tamilnadu Petroproducts Limited, together with its subsidiaries, manufactures and sells petrochemical products in India.

Full company description

Tamilnadu Petroproducts Limited, together with its subsidiaries, manufactures and sells petrochemical products in India. It offers linear alkyl benzene used to manufacture domestic detergents, institutional, and industrial cleaners under the SUPERLAB brand; caustic soda for use in textile, pulp and paper, aluminum, and other industries for general purpose; and chlorine, a co-product of caustic soda for use in various sectors, including vinyl chloride, chlorinated paraffin wax, pulp and paper, water purification, chlorinated solvents, propylene oxide etc., as well as hydrochloric acid, sodium hypo chlorite, ammonium chloride, and hydrogen. The company also provides propylene oxide used to manufacture polyol, propylene glycol, etc.; and sells scrap products. It also exports its products. Tamilnadu Petroproducts Limited was incorporated in 1984 and is based in Chennai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tamilnadu PetroProducts Limited reported revenue of ₹14.7B in FY2026 versus ₹18.0B in FY2022, a compound −5.0%/yr. Reported net income was ₹975M in FY2026, compounding −13.7%/yr from FY2022.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹14.7B
Latest YoY
−19.7%
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.
−11.9%
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.
+5.1%
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.
+3.0%
Revenue −5.0%/yr
FY22 ₹18.0B
FY23 ₹21.5B
FY24 ₹16.7B
FY25 ₹18.3B
FY26 ₹14.7B
Net income −13.7%/yr
FY22 ₹1.8B
FY23 ₹942M
FY24 ₹501M
FY25 ₹584M
FY26 ₹975M
Character of growth · EPS growth decomposed (2016-2026) +13.1 % p.a.
Revenue per share +9.0 pp

of which total revenue +9.0 pp · buybacks/dilution +0.0 pp

EBIT margin −15.6 pp
Tax rate +2.8 pp
Residual (interest, one-offs) +16.9 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).

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Cite: Fair Value Calculator (2026). "Tamilnadu PetroProducts Limited Fair Value". https://www.fairvalue-calculator.com/stock/TNPETRO

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 44 · Below median
Fair Value upside +23% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -73% · Bottom 25%
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than 75% of peers
P/B 0.87× · Cheaper than median
P/S (TTM) 0.60× · Cheaper than median
EV/EBITDA 5.3× · 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 64 · sector 0
FUTURE 0 · sector 18
PAST 40 · sector 23
HEALTH 93 · sector 95
DIVIDEND 31 · sector 31

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.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
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 Tamilnadu PetroProducts Limited (TNPETRO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹140.55 versus a price of ₹114.16, about +23% (undervalued).
What is the fair value of TNPETRO?
Our model-based fair value for Tamilnadu PetroProducts Limited is ₹140.55 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹114.16.
What is the quality score of TNPETRO?
Tamilnadu PetroProducts Limited has a Quality Score of 44/100. 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 Tamilnadu PetroProducts Limited (TNPETRO)?
Tamilnadu PetroProducts Limited reported trailing-twelve-month revenue of about ₹14.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TNPETRO?
The net profit margin of Tamilnadu PetroProducts Limited is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does Tamilnadu PetroProducts Limited pay a dividend?
Tamilnadu PetroProducts Limited currently shows a dividend yield of about 1.55% relative to its recent price (as of Aug 13, 2026).

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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