TAINWALCHM - Tainwala Chem.
📢 Recent Corporate Announcements
Tainwala Chemicals and Plastics (India) Limited reported a robust performance for the quarter ended December 31, 2025. Revenue from operations grew by approximately 120% YoY to ₹10.08 crore, driven primarily by the tradable items segment. Net profit saw a massive jump to ₹3.39 crore compared to ₹0.16 crore in the same period last year. For the nine-month period, the company has already surpassed its full-year FY25 profit, reaching ₹10.08 crore.
- Revenue from operations increased 119.6% YoY to ₹1,008.10 lakhs from ₹458.99 lakhs.
- Net profit for Q3 FY26 stood at ₹338.66 lakhs, a significant increase from ₹16.36 lakhs in Q3 FY25.
- Tradable Items segment revenue surged to ₹885.91 lakhs, up from ₹314.42 lakhs in the year-ago quarter.
- Basic and Diluted EPS rose to ₹3.62 for the quarter, compared to ₹0.17 in Q3 FY25.
- Nine-month (9M) net profit reached ₹1,007.52 lakhs, more than doubling the ₹436.80 lakhs recorded in 9M FY25.
Tainwala Chemicals and Plastics (India) Limited reported a robust performance for Q3 FY26, with revenue from operations growing 119% YoY to ₹10.08 crore. Net profit for the quarter saw a massive jump to ₹3.39 crore from ₹0.16 crore in the same period last year. This growth was primarily fueled by the 'Tradable Items' segment, which contributed ₹8.86 crore to the revenue. For the nine-month period, the company has already surpassed its full-year FY25 profit, reaching ₹10.08 crore.
- Revenue from operations increased 119% YoY to ₹1,008.10 Lakhs from ₹458.99 Lakhs.
- Net Profit skyrocketed to ₹338.66 Lakhs compared to ₹16.36 Lakhs in Q3 FY25.
- Tradable Items segment revenue grew nearly 3x YoY, reaching ₹885.91 Lakhs.
- 9M FY26 Net Profit of ₹1,007.52 Lakhs has already doubled the full-year FY25 profit of ₹491.95 Lakhs.
- Earnings Per Share (EPS) for the quarter improved significantly to ₹3.62 from ₹0.17 YoY.
Tainwala Chemical and Plastic (I) Limited has filed its monthly report for December 2025 regarding the re-lodgment of physical share transfer requests. The filing follows the SEBI circular dated July 02, 2025, which established a special window for investors holding physical shares. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no requests were received or processed during this period. This update is a standard regulatory requirement and does not affect the company's business fundamentals.
- Zero requests received for re-lodgment of physical share transfers in December 2025.
- Zero requests were processed, approved, or rejected during the month.
- The report is in compliance with SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97.
- The Registrar and Share Transfer Agent (RTA) involved is MUFG Intime India Private Limited.
Tainwala Chemical and Plastic (I) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, covers the quarter ended December 31, 2025. It confirms that all dematerialization requests were processed, and the security certificates were mutilated and cancelled within the prescribed timelines. This is a standard administrative filing ensuring the integrity of the company's share registry.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, MUFG Intime India Private Limited.
- Confirms dematerialized securities are listed on the stock exchanges (BSE and NSE).
- Confirms mutilation and cancellation of physical certificates after due verification.
Tainwala Chemical and Plastic (I) Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed until 48 hours after the financial results are officially declared. The company will announce the specific date of the board meeting to approve these results at a later time.
- Trading window closure effective from Thursday, January 1, 2026.
- Closure pertains to the financial results for the quarter and nine months ending December 31, 2025.
- Window will reopen 48 hours after the declaration of the unaudited financial results.
- Applies to all insiders, designated persons, and their immediate relatives.
- Board meeting date for result approval to be intimated separately.
Tainwala Chemicals and Plastics (India) Limited has responded to inquiries from the BSE and NSE regarding recent significant volatility in its share price. The company stated that it has consistently disclosed all relevant information to the exchanges as required by regulations. Management explicitly confirmed that there is no hidden or undisclosed information that would impact the scrip's price or volume behavior. Consequently, the company attributes the recent trading activity solely to general market forces and behavior.
- Response issued on December 18, 2025, following exchange queries from December 17, 2025
- Company confirms no undisclosed price-sensitive information (UPSI) exists
- Attributed price and volume fluctuations entirely to external market forces
- Reiterated commitment to all regulatory compliance and disclosure norms
Financial Performance
Revenue Growth by Segment
Plastic Sheets segment revenue grew 9% YoY to INR 4.89 Cr in FY25 but declined 3.67% YoY to INR 1.81 Cr in H1 FY26. Tradable Items revenue declined 14.89% YoY to INR 11.52 Cr in FY25 and 0.67% YoY to INR 4.61 Cr in H1 FY26.
Profitability Margins
Operating PBT margin for H1 FY26 was approximately 1.4% (INR 8.99 Lakhs on INR 6.42 Cr revenue). Total PBT margin was 56.5% of total income, heavily skewed by INR 8.55 Cr in dividend income.
EBITDA Margin
Operating EBITDA is low; PBT of INR 8.24 Cr for H1 FY26 is 128% of revenue from operations (INR 6.42 Cr) due to INR 8.15 Cr in Other Income, primarily from dividends.
Capital Expenditure
Historical capital expenditure was minimal at INR 0.29 Lakhs for FY25. No major planned expansion was quantified in INR.
Credit Rating & Borrowing
Not disclosed. Finance costs were INR 0.00 in H1 FY26, down from INR 1.41 Lakhs in FY25, indicating negligible interest-bearing debt.
Operational Drivers
Raw Materials
PVC (Polyvinyl Chloride) resins and compounds for engineering sheets, representing a significant portion of the INR 0.93 Cr material cost in H1 FY26.
Capacity Expansion
Current installed capacity is not disclosed. Management is focused on identifying new customer markets to utilize operational capacity more efficiently.
Raw Material Costs
Cost of materials consumed was INR 0.93 Cr in H1 FY26, up 11.2% from INR 0.84 Cr in H1 FY25. Procurement strategies focus on efficiency and waste reduction.
Manufacturing Efficiency
Headcount stood at 21 as of March 31, 2025. Efficiency is managed through tailored learning opportunities and in-house R&D.
Strategic Growth
Growth Strategy
Focusing on the PVC Engineering Sheets segment for infrastructure (sewage and water treatment) and low-cost housing. Strategy includes identifying new customer markets and leveraging government initiatives in environmental applications.
Products & Services
PVC Engineering Sheets and Tradable Items (Commodity Trading).
Brand Portfolio
Tainwala.
Market Expansion
Targeting infrastructure and environmental applications driven by government funding and global initiatives.
Strategic Alliances
None disclosed; the company has no subsidiaries, associates, or joint ventures as of September 30, 2025.
External Factors
Industry Trends
Growing demand for sewage and water treatment systems is boosting PVC sheet demand, while the industry faces a shift toward eco-friendly alternatives to PVC.
Competitive Landscape
Faces intense competition from low-cost foreign manufacturers and manufacturers of eco-friendly alternatives to PVC.
Competitive Moat
Moat is based on specialized PVC engineering sheets and in-house R&D, but it is threatened by emerging eco-friendly alternatives and regulatory plastic bans.
Macro Economic Sensitivity
Highly sensitive to infrastructure spending and government reforms in the housing and water treatment sectors.
Consumer Behavior
Shift toward sustainable and eco-friendly materials is a long-term threat to the PVC-based product line.
Geopolitical Risks
Trade barriers and import competition from low-cost foreign manufacturers are primary concerns.
Regulatory & Governance
Industry Regulations
Operations are heavily impacted by environmental regulations and potential plastic bans affecting PVC products.
Environmental Compliance
Capital-intensive upgrades are required for compliance with evolving environmental regulations and plastic bans.
Taxation Policy Impact
Income taxes paid (Net) in H1 FY26 was INR 1.06 Cr. Statutory tax rates apply.
Legal Contingencies
No material discrepancies were noticed in physical verification of inventory. No working capital limits in excess of INR 5 Cr were sanctioned, limiting regulatory reporting requirements.
Risk Analysis
Key Uncertainties
Regulatory bans on plastic products pose a high-impact risk to the core PVC sheet business. Import competition could erode margins by 10-20%.
Geographic Concentration Risk
Operations are concentrated in Silvassa (Works) and Mumbai (Regd Office).
Third Party Dependencies
Dependency on suppliers for tradable items and raw materials for plastic sheets.
Technology Obsolescence Risk
High risk from emerging eco-friendly alternatives to PVC engineering sheets.
Credit & Counterparty Risk
Trade receivables decreased 56% to INR 0.47 Cr in H1 FY26 from INR 1.07 Cr in FY25, indicating improved collection and lower counterparty risk.