TARSONS

Tarsons Products share price & financials

Price
₹287.45
Market cap
₹1.8k Cr
Sector
Healthcare
Calls analysed
6
Latest concall · Q1 FY27 · call held 11 Aug 2026

Tarsons Products Limited Q1 FY27

Consolidated Revenue ₹110.2 cr +21%Standalone EBITDA ₹24.2 cr Consolidated EBITDA Margin 23.6% Standalone Gross Margin 67.1%

What went well

  • Consolidated revenue grew 20.7% YoY to INR 110.2 crores, demonstrating healthy performance.
  • Standalone revenue increased 21% YoY to INR 86.1 crores, marking the highest ever Q1 standalone revenue.
  • Export sales rebounded strongly with 29% YoY growth, indicating recovery in overseas business.

What to watch

  • Gross margins moderated due to a sharp escalation in raw material prices (25-50% increase).
  • EBITDA and profit were impacted by higher operating costs, depreciation, and interest costs associated with newly commissioned facilities.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 3 delivered 2 missed 14 open
  • Q1 FY27 Gross Margin delivered said Q4 FY26 Promised: Not below 65% Q1 FY27: Standalone gross margin came in at 67.1%, meeting the guidance floor of 65%.
  • Peak Net Debt (Standalone) went quiet said Q4 FY25 Promised: About INR 400 crores Q1 FY27: No specific update provided on standalone net debt. Management only provided consolidated figures.
  • Capacity Utilization (New Facilities) diluted said Q4 FY25 Promised: 50-60% in 2 years, 80-90% in 3.5-4 years Q1 FY27: Management focus is on utilization and commercialization, with benefits expected from FY28, reinforcing the previously communicated slower ramp-up.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.7%, net profit down 180.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue99 96 113 91 102 +3%108 +13%121 +7%110 +21%
EBITDA25 30 37 25 27 +8%32 +6%34 −7%26 +5%
Net profit10 5 10 2 3 −68%5 −4%4 −59%-1 −181%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −1.1% 1Y

₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 25 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹314.65 on 10 Sept 2025 → ₹311.2. High ₹361.5 (17 Aug 2026), low ₹166.46 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.2%
11 Aug
Q4 FY26
−1.8%
25 May
Q3 FY26
+6.2%
6 Feb
Q2 FY26
−6.9%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.9% a year over 4 years, FY22 to FY26. Operating margin narrowed to 27.9%.

Year endingFY22FY23FY24FY25FY26
Revenue₹301 Cr₹283 Cr₹296 Cr₹392 Cr₹423 Cr
Operating profit₹153 Cr₹130 Cr₹100 Cr₹111 Cr₹118 Cr
Operating margin50.8%45.8%33.7%28.2%27.9%
Interest₹4 Cr₹4 Cr₹10 Cr₹19 Cr₹23 Cr
Depreciation₹22 Cr₹29 Cr₹40 Cr₹63 Cr₹97 Cr
Net profit₹101 Cr₹81 Cr₹43 Cr₹30 Cr₹14 Cr
Net margin33.5%28.5%14.4%7.6%3.4%
Cash from operations₹83 Cr—₹103 Cr₹114 Cr₹118 Cr
Free cash flow₹-48 Cr—₹-81 Cr₹-37 Cr₹-7 Cr
ROCE35.0%——7.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹0 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹244 Cr₹479 Cr₹559 Cr₹602 Cr₹616 Cr₹624 Cr
Borrowings₹34 Cr₹22 Cr₹111 Cr₹269 Cr₹396 Cr₹393 Cr
Other liabilities₹18 Cr₹33 Cr₹46 Cr₹90 Cr₹141 Cr₹158 Cr
Total liabilities₹296 Cr₹544 Cr₹726 Cr₹972 Cr₹1.2k Cr₹1.2k Cr
Fixed assets₹120 Cr₹189 Cr₹225 Cr₹336 Cr₹583 Cr₹733 Cr
Capital work in progress₹22 Cr₹32 Cr₹119 Cr₹267 Cr₹251 Cr₹159 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹153 Cr₹323 Cr₹382 Cr₹369 Cr₹330 Cr₹295 Cr
Total assets₹296 Cr₹544 Cr₹726 Cr₹972 Cr₹1.2k Cr₹1.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −8.99 pp while the public added +8.94 pp. The shareholder count shrank 8% to 83,453.

Promoters
47.3%
FIIs
0.1%
DIIs
0.1%
Public
52.4%

Since Jun 2025

  • FIIs −8.99 pp
  • Public +8.94 pp
  • DIIs +0.06 pp

How it drifted, 12 quarters

Over this window the public went from 41.7% to 52.4% — +10.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 47.3%, FIIs 7.8%, DIIs 3.1%, Public 41.7%.Dec '23: Promoters 47.3%, FIIs 6.8%, DIIs 2.6%, Public 43.3%.Mar '24: Promoters 47.3%, FIIs 8.2%, DIIs 0.2%, Public 44.4%.Jun '24: Promoters 47.3%, FIIs 8.0%, DIIs 0.1%, Public 44.6%.Sep '24: Promoters 47.3%, FIIs 8.0%, DIIs 0.2%, Public 44.5%.Dec '24: Promoters 47.3%, FIIs 7.5%, DIIs 0.5%, Public 44.7%.Mar '25: Promoters 47.3%, FIIs 9.5%, DIIs 0.3%, Public 42.9%.Jun '25: Promoters 47.3%, FIIs 9.1%, DIIs 0.0%, Public 43.5%.Sep '25: Promoters 47.3%, FIIs 5.8%, DIIs 0.1%, Public 46.8%.Dec '25: Promoters 47.3%, FIIs 2.5%, Public 50.2%.Mar '26: Promoters 47.3%, FIIs 0.9%, DIIs 0.2%, Public 51.6%.Jun '26: Promoters 47.3%, FIIs 0.1%, DIIs 0.1%, Public 52.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Tarsons Products Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sanjive Sehgal 26.98%unchanged
Clear Vision Investment Holdings Pte Limited 23.42%unchanged
Aryan Sehgal 20.30%unchanged
Gracious Advisors Llp 3.15%unchanged
Anshu Kapur 0.01%unchanged
Neeta Arora 0.01%unchanged
Jyoti Likhari 0.01%unchanged
Anu Nagrath 0.01%unchanged
Inayat Projects Private Limited 0.00%newly disclosed
Inayat Properties Private Limited 0.00%newly disclosed
Inayat Residency Private Limited 0.00%newly disclosed
Inayat Homes Private Limited 0.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Tarsons Products Limited

Guides on how to read this kind of business and the numbers that matter.