Tamil Nadu Petro Products Ltd(TNPETRO)

NSE: TNPETROBSE: 500777

₹ 113.65-4.09%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,023 crWebsite: www.tnpetro.comUpdated: 24 Oct 2026

About

Tamil Nadu Petro Products Ltd (TPL) manufactures industrial intermediate chemicals - principally Linear Alkyl Benzene (LAB), Propylene Oxide (PO), Caustic Soda and Normal Paraffin - from its facility in Tamil Nadu. The company reported revenue of ₹1,466.14 Cr in FY26. It operates as a single segment, with the CODM reviewing performance as a whole.^[1][2]

Business segments

The company operates as a single segment - industrial intermediate chemicals - as defined under Ind AS 108; the CODM reviews performance as a whole for resource allocation.^[2]

Products

Core products are Linear Alkyl Benzene (LAB), Propylene Oxide (PO), Caustic Soda (Caustic Lye), and Normal Paraffin (NP), which serves as the primary feedstock for LAB.^[2]
Anti-dumping duty on LAB imports from Iran and Qatar approved for five years (2025 - 2030), expected to provide domestic price stability.^[2]

Operations and capacity

LAB plant installed capacity is 120 KTPA, being expanded to 145 KTPA under a revamp project.^[2]
Caustic Soda plant capacity is 150 TPD, being expanded to 250 TPD under a modernisation project.^[2]
Renewable power consumption increased 42% in FY25 vs FY24, contributing to reduced carbon footprint at the HCD plant.^[2]

Feedstock and supply risk

Normal Paraffin (NP) is sourced from the open market; availability declined sharply in FY25 with steep price increases, as most competitors use captive NP - creating supply vulnerability for TPL.^[2]
Propylene Oxide domestic demand faced pressure from lower-priced imported downstream Polyols from Q3 FY25; recovery was anticipated from Q2 FY26.^[2]
Caustic Soda margins projected to erode in FY26 due to supply exceeding demand, China's return to export markets, and Europe's production normalisation.^[2]

Expansion and capex

LAB revamp project: capacity 120 KTPA → 145 KTPA; total cost ₹310 Cr; ₹273 Cr committed as at 31 March 2025; commissioning targeted Q3 FY26.^[2]
Caustic Soda modernisation: capacity 150 TPD → 250 TPD; revised project cost ₹214 Cr (originally ₹190 Cr); ₹175 Cr committed as at 31 March 2025; commissioning targeted Q4 FY26.^[2]
Capital expenditure commitments outstanding (contracts not yet executed) stood at ₹11,646.64 Lakhs as at 31 March 2025.^[2]

Recent developments

Mr. Sanket Balvantrao Waghe, IAS (DIN: 11865401), nominated by promoter TIDCO, appointed Additional Director (Non-Executive Non-Independent) effective 11 August 2026.^[3]
Board recommended a dividend of ₹1.50 per equity share of ₹10 for FY26, subject to member approval at the 41st AGM scheduled 25 September 2026.^[3]
M/s. B Y & Associates, Cost Accountants, Chennai appointed as Cost Auditors for FY2026-27.^[3]

Market Cap

₹1,023 Cr

High / Low

₹147 / 79

Stock P/E

7.2

Price / Book

1.0

Book Value

₹113

EPS

₹10.8

No. of Shares

9 Cr

ROCE

10.9%

ROE

10.1%

OPM

9.2%

Debt / Equity

0.44

Sales

₹1,466 Cr

Net Profit

₹97 Cr

Promoter holding

34.5%

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