The share of the Kraft-lined polypropylene manufacturer gained 17 percent in today’s trading session after the company bagged a prestigious work order from Indian Oil Corporation Ltd worth Rs 13.77 crore.
With a market capitalization of Rs 74.58 crore, the shares of TPI India Ltd were trading at Rs 17.36 per share, increasing around 6.57 percent as compared to the previous closing price of Rs 16.29 apiece.
The shares of TPI India Ltd have seen positive movement after securing a prestigious Rs 13.77 crore order from Indian Oil Corporation Ltd for manufacturing and supplying FIBC bags. This significant contract boosts the company’s order book, strengthens its market position, and signals growth potential, driving positive investor sentiment and upward movement in its stock. The order should be executed within 2 years.
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Looking forward to the company’s financial performance, revenue increased by 13 percent from Rs 7.12 crore in Q4FY24 to Rs 8.09 crore in Q4FY25. Further, during the same time frame, net loss turned into profits from a loss of Rs 0.29 crore to profits of Rs 0.24 crore.
It has a P/E ratio of 206, compared to the industry’s P/E ratio of 23.7, indicating that the stock is trading at a higher price, the stock is overvalued. Additionally, the company’s Piotroski ratio stands at 8.
TPI India Limited is an India-based company, which is engaged in manufacturing kraft-lined polypropylene (PP) bags/flexible intermediate bulk containers (FIBC)-bulk bags. It is also engaged in manufacturing packaging items. The Company offers a range of products, including kraft-lined HDPE bags (reinforced paper bags), container liners, HDPE/ PP courier bags, and LDPE/HMHD liners.
Written by Abhishek Singh
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