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All filings

Shree TNB Polymers Ltd.

Filed after the issue closed.

Issue completePROSPECTUS · filed 25 Sept 2026Read 24 Sept, 10:16 am IST· SEBI filing

Revenue, latest FY

₹198 Cr

Profit after tax

₹7.1 Cr

Revenue CAGR

Peer median P/E

15.7×

3 listed peers

Disclosed risks

3 high · 1 flag

Read the full filing View SHREETNB

Shree TNB Polymers Ltd. is a company that manufactures polymers, with a revenue of Rs 198.13 crore and a profit after tax of Rs 7.13 crore for the latest period.

The company's revenue has declined at a CAGR of -2.37% over the past three years. The offer structure is not specified in the provided text. The company faces high-severity risks related to legal proceedings involving its promoters and directors, significant customer concentration where the top 10 customers account for 61.28% of revenue, and the reliance on leased premises for its manufacturing facilities.

What stands out

Shrinking revenue. Restated revenue CAGR of -2.4%.

How the offer is structured

CapexCapital Expenditure for purchase of machineries₹15.9 Cr
CapexCapital Expenditure for the purchase and installation of Solar panel/…₹2.6 Cr
CapexPart finances the capital expenditure for construction/ installation…₹1.3 Cr
Debt repaymentRepayment of certain borrowings₹5.6 Cr
General purposesTo meet out the General Corporate Purposes—

Restated financials

PAT CAGR

19.1%

Fiscal year	Revenue	PAT
2024	₹208 Cr	₹5.0 Cr
2025	₹176 Cr	₹5.8 Cr
2026	₹198 Cr	₹7.1 Cr

Listed peers the filing names

Company	P/E	EPS	NAV	RoNW
Shree TNB Polymers Limited (issuer)	unpriced	₹4.65	₹36.29	13.7%
Captain Pipes Limited	40.4×	₹0.19	₹2.78	7.2%
Texmo Pipes and Products Limited	15.7×	₹3.86	₹77.19	5.1%
Malpani Pipes and Fittings Limited	7.7×	₹8.38	₹51.67	17.6%

Peer median P/E 15.7×, as printed in the filing.

Risks the company discloses

3High4Medium0LowLegal & Regulatory 1Operational 5Customer Concentration 1

Legal & Regulatory · The Company, its Promoters, and Directors are involved in various legal proceedings, including tax, disciplinary, and civil matters, which may have an adverse impact on the business, financial condition, and cash flows.
Operational · A significant portion of the Company's manufacturing facilities and warehouses are located on leased premises. If lease agreements are not renewed on commercially suitable terms, it may have a material adverse effect on the business, results of operations, and financial condition.
Customer Concentration · The Company's revenues are significantly dependent on a limited number of customers. For the period ended March 31, 2026, the top 10 customers contributed 61.28% of revenue from operations.
Operational · The Company's manufacturing facility-II is located on leased premises in the Union Territory of Dadra and Nagar Haveli and Daman and Diu.
Operational · The Company's manufacturing facility-I is located on leased premises in Silvassa, Dadra and Nagar Haveli.
Operational · The Company's manufacturing facility-II is located on leased premises in Masat, Silvassa, Dadra and Nagar Haveli.
Operational · The Company's manufacturing facility-II is located on leased premises in Athal, Dadra and Nagar Haveli and Daman and Diu.

No dimension score: too few sections could be read to score without guessing.