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TANFAC Industries Ltd

₹ 4,459-3.19%
16 Jan 4:01 p.m. – close price
🔗tanfac.com•BSE: 506854•NSE:
Market Cap₹ 4,448 Cr.
Current Price₹ 4,459
High / Low₹ 5,064
Stock P/E47.3
Book Value₹ 340
Dividend Yield0.20 %
ROCE41.8 %
ROE32.0 %
Face Value₹ 10.0
Sales₹ 695 Cr.
OPM20.4 %
Mar Cap₹ 4,448 Cr.

ABOUT

Incorporated in 1972, Tanfac Industries Ltd is amongst the leading producers of Hydrofluoric Acid and its derivatives.

KEY POINTS

Product PortfolioThe company manufactures inorganic fluorine-based chemicals like Anhydrous Hydrofluoric acid, Sulphuric Acid, Oleum, Aluminum Fluoride, Potassium Fluoride, Potassium Bifluoride, Boron Trifluoride Complexes, Calcium Sulphate (Gypsum), IsoButyl Acetophenone, Acetic Acid, Peracetic Acid and Poly Aluminum Chloride, etc.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.SRF3030.6055.5889899.740.24388.1892.723640.196.3012.2715263.4620.841617.64388.186.785.950.35
2.Tata Chemicals755.6059.1619277.191.46154.00-49.383877.00-3.053.9614695.0013.25325.8398.210.861.160.34
3.Deepak Fertilis.1199.0015.3115074.590.83214.021.483005.839.4315.6710910.9517.81984.32213.202.327.470.68
4.G N F C476.1511.006999.473.78179.0070.481968.002.669.577523.007.82636.00179.000.815.490.00
5.GHCL545.008.774995.922.21106.70-31.09721.29-9.0224.193077.3626.08569.50106.701.4415.100.03
6.Tanfac Inds.4459.4547.294448.300.2017.18-11.03168.6951.2841.76694.8220.4294.0717.1813.1023.900.09
7.Chemplast Sanmar274.85–4355.140.00-51.04-63.281033.204.071.834341.532.97-218.28-51.042.22-1.780.97
–Median: 38 Co.223.3517.76636.120.298.30.73159.193.879.5610.9910.6629.248.31.444.850.18

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
7799116106818810395112178172176169
Expenses
657690826673868084128136147142
Operating Profit
13222624161516162750362927
Other Income
0163212110111
Profit before tax
12223025151416152646312523
Tax %
26%25%26%26%26%26%23%25%26%25%27%21%24%
Net Profit
9162218111013111935231917
EPS in Rs
8.5416.2922.4418.4411.4010.1112.7011.3219.3634.8922.8019.4017.22

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
117120133126162222165148320375378557695
Expenses
106112125112141169138115244299306426553
Operating Profit
11891421532733767672131142
Other Income
0141011138732
Interest
101087742122254
Depreciation
765558586671015
Profit before tax
-6-70310422225727570119125
Net Profit
-3-503103617175356528894
EPS in Rs
-3.04-5.300.403.309.7036.0617.0117.5153.4156.2752.6188.3794.31
Dividend Payout %
0%0%0%0%0%0%0%0%17%12%13%10%–

Compounded Sales Growth

10 Years:17%
5 Years:28%
3 Years:20%
TTM:75%

Compounded Profit Growth

10 Years:33%
5 Years:39%
3 Years:18%
TTM:76%

Stock Price CAGR

10 Years:63%
5 Years:86%
3 Years:62%
1 Year:49%

Return on Equity

10 Years:%
5 Years:32%
3 Years:30%
Last Year:32%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
10101010101010101010101010
Reserves
-5-10-10-73385573124174220302330
Borrowings
706961544312000004131
Other Liabilities
31263020294824374968717391
Total Liabilities
1069591778610789120182252301426462
Fixed Assets
5953494541343340405561168197
Gross Block
136.41136.36137.26137.41138.50139.69142.93158.32153.94172.94185.01301.47–
Accumulated Depreciation
77.2083.4688.1292.6797.61105.35109.97118.25113.95118.23124.37133.69–
CWIP
0000016312629822
Investments
00011112342676799
Other Assets
464242314471495588124145242234
Total Assets
1069591778610789120182252301426462

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
19916161737223744433433
Cash from Investing Activity
-00-1-1-1-3-9-34-35-40-30-42
Cash from Financing Activity
-19-10-15-15-17-34-12-1-5-6-732
Net Cash Flow
-0-0-00-00-025-3-323

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
565254464438404028495965
Inventory Days
136106826675107751349189100112
Days Payable
11389976974904714276787748
Cash Conversion Cycle
8068394245546731436082129
Working Capital Days
-162-150-124-109-5335653633465962
ROCE %
6%4%7%18%29%78%37%35%67%48%33%42%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%51.82%
FIIs
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.14%0.08%0.12%0.10%
DIIs
0.07%0.07%0.07%0.07%0.07%0.11%0.19%0.39%0.39%0.42%0.39%0.42%0.39%
Public
48.13%48.13%48.13%48.13%48.11%48.08%47.99%47.80%47.81%47.62%47.72%47.64%47.69%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

TANFAC Industries inks Rs. 1,250 crore MoU with multinational for fluorinated product supply

15th April 2026, 3:23 pm

TANFAC Industries Files SEBI Dematerialisation Compliance Certificate for March 2026 Quarter

5th April 2026, 2:44 am

Tanfac Industries to Close Trading Window from April 1, 2026, for Financial Results

27th March 2026, 9:44 pm

Anupam Rasayan Discloses Non-Disposal Undertaking on TANFAC Shares Linked to Acquisition Debt

1st March 2026, 1:02 am

Anupam Rasayan Discloses Share Encumbrance in TANFAC Industries

1st March 2026, 1:01 am

Published by Other Websites

External media mentions & references

Indian Markets Surge Past 24,200; Sensex Gains 1,264 Points on Eased Tensions

15th April 2026, 4:05 pm

Kacholia Outperforms Market as Shaily Engineering Fuels Portfolio Gains

18th March 2026, 11:25 am

10 Stocks Buzz: IRFC, SBI Cards & More on Dividend, Bonus, Split Watch

6th March 2026, 1:12 pm

Anupam Rasayan Expands US Footprint With $150M Jayhawk Fine Chemicals Acquisition

28th February 2026, 3:55 pm

Anupam Rasayan Acquires US Firm Jayhawk for $150M, Eyes Global Growth

27th February 2026, 11:39 pm

News Articles

Editorial & research coverage

India's Chemical Titans: Value in Volatility?
India's Chemical Titans: Value in Volatility?

29th January 2026, 6:42 am

Tanfac Industries Invests ₹495 Cr in New Plant, Eyes ₹500 Cr Equity Fundraise
Tanfac Industries Invests ₹495 Cr in New Plant, Eyes ₹500 Cr Equity Fundraise

9th January 2026, 4:10 pm

TANFAC Industries Eyes ₹500 Crore Fundraising & Stock Split: What Investors Need to Know!
TANFAC Industries Eyes ₹500 Crore Fundraising & Stock Split: What Investors Need to Know!

2nd January 2026, 7:02 pm

TANFAC Eyes ₹500 Cr QIP, Share Split for Growth Ahead of Feb EGM
TANFAC Eyes ₹500 Cr QIP, Share Split for Growth Ahead of Feb EGM
Anupam Rasayan Acquires Luxembourg Entities, Secures ₹415 Crore Funding
Anupam Rasayan Acquires Luxembourg Entities, Secures ₹415 Crore Funding

Documents

Announcements

Board Meeting Intimation for Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025

2d - Board meeting Jan 21, 2026 to approve unaudited Q3/9M results (ended Dec 31, 2025); trading window closed Jan 1–23.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

12 Jan - 7,500 tpa fluorinated chemicals supply; ₹337.5 crore/year, ₹2,362 crore over seven years; effective 1 Jan 2027.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

12 Jan - Supply of 7,500 MT/year fluorinated chemicals to Japanese customer; Rs337.5 Cr/year for seven years from 1 Jan 2027.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

9 Jan - Board approves 20,000 TPA plant (~₹495 crore) by Nov 2026; ₹500 crore raise; MD and Chair appointed; share subdivision.

Board Meeting Outcome for Outcome Of The Board Meeting

9 Jan - Approved Rs.495 Cr 20,000 TPA fluorinated plant (Nov 2026); Rs.500 Cr QIP; 1:2 share split; MD and chair appointments.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

17 Sep 2025 from smera

Rating update

14 Apr 2025 from icra

Rating update

7 Apr 2025 from icra

Rating update

30 Jul 2024 from smera

Rating update

20 Mar 2024 from smera

Rating update

19 Jan 2024 from icra

Concalls

No concalls.

Stock Analysis

Description

TANFAC Industries Limited is a joint sector company, incorporated in 1972, and is a leading producer of inorganic fluorine-based chemicals, including Hydrofluoric acid and its derivatives.

Key Growth Triggers

  1. Commissioning of expanded Solar Grade Dilute Hydrofluoric Acid (DHF) plant, doubling capacity to 10,000 TPA, making TANFAC the sole Indian manufacturer.
  2. Securing significant long-term supply contracts for Solar Grade DHF and other fluorinated chemicals, including ₹732 Cr with Kredence, ₹336 Cr with Krishna Organics, and a major ₹2,362.5 Cr deal with a Japanese customer over 7 years.
  3. Planned expansion for a new 20,000 TPA fluorinated plant and a ₹500 Cr fundraising initiative to bolster its specialty chemicals portfolio.

Order Book

Order Book: November 2025 = ₹732 Crores (Kredence Electronics) -> November 2025 = ₹336 Crores (Krishna Organics) -> January 2027 = ₹2,362.5 Crores (Japanese Customer)

Key Red Flags

Stock trading at a high Price to Book value (13.5x).

Key Dates To Watch

  1. January 21, 2026: Board Meeting for Q3/9M FY26 results.

Corporate Announcements

15th Apr 26
Impact Rating: 9
TANFAC Industries announced an MoU with a major global firm for supplying 5,000 MT per annum of its key fluorinated product. The five-year deal, effective January 1, 2027, is valued at an estimated Rs. 1,250 crore and includes exports and domestic sales.
4th Apr 26
Impact Rating: 3
TANFAC Industries Limited has informed BSE it received a certificate from its Registrar confirming compliance with SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026, regarding dematerialisation of securities.
27th Mar 26
Impact Rating: 5
Tanfac Industries Limited has informed exchanges about closing its trading window for designated individuals and connected persons from April 1, 2026. This compliance measure will last until 48 hours post the announcement of audited financial results for the quarter and year ended March 31, 2026.
28th Feb 26
Impact Rating: 7
Anupam Rasayan India has created a non-disposal undertaking on 25,73,081 equity shares (25.80%) of TANFAC Industries, effective February 20, 2026, favouring Catalyst Trusteeship Limited.
28th Feb 26
Impact Rating: 7
Anupam Rasayan India Ltd. disclosed a non-disposal undertaking on 25,73,081 TANFAC Industries shares (25.80% of total capital). This is tied to a USD 20,000,000 debt instrument utilized for acquiring Monitchem Kansas S.A R.L.