Trading · Founded 1983 · www.taiind.com · BSE 519483 · · ISIN INE358D01018
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Business
Tai Industries Ltd. operates in the trading sector in India. As a trading company, its core business involves the buying, selling, and distribution of various goods or commodities. The company's business model typically revolves around leveraging market knowledge, supply chain efficiencies, and relationships to acquire products at competitive prices and distribute them to customers, generating revenue from the margins between purchase and sale prices. This can involve sourcing from multiple suppliers and catering to diverse customer segments, potentially across different product categories.
Revenue Mix
Specific details regarding Tai Industries Ltd.'s key business segments and their respective revenue contributions are not publicly available in the provided context. Trading companies often segment their operations by the type of commodity or product traded (e.g., chemicals, metals, agricultural products, textiles), geographical markets, or specific customer industries they serve.
Industry
The trading industry in India is generally fragmented and highly competitive, characterized by numerous players ranging from large conglomerates to small specialized firms. Competition typically revolves around pricing, speed of delivery, reliability of supply, and customer service. Without further information on Tai Industries Ltd.'s specific niche, market share, or operational scale, it is challenging to precisely determine its positioning relative to peers. It likely competes based on its network, efficiency, and expertise in its chosen product categories or geographical regions.
MOAT
In the trading business, durable competitive advantages (moats) are often difficult to establish and maintain, as products are often commoditized. Potential advantages for a trading company could include:
Strong Supplier/Customer Relationships: Long-standing, exclusive, or preferential agreements.
Efficient Logistics & Supply Chain: Superior operational efficiency, cost-effective transportation, and storage.
Market Intelligence & Timing: Exceptional ability to predict market trends and price movements for timely buying and selling.
Scale & Capital Access: Ability to handle large volumes and finance significant inventories.
Without specific details, it is difficult to ascertain whether Tai Industries Ltd. possesses a significant and durable competitive advantage.
Growth Drivers
Key factors that could drive growth for Tai Industries Ltd. over the next 3-5 years include:
Economic Growth: General economic expansion in India, leading to increased demand for goods and commodities.
Market Expansion: Venturing into new product categories or geographical markets.
Supply Chain Optimization: Enhancing operational efficiencies, reducing costs, and improving delivery times.
Digital Transformation: Adopting technology for better inventory management, order processing, and market analysis.
Strategic Partnerships: Forming alliances with key suppliers or large buyers to secure better terms and volumes.
Risks
Tai Industries Ltd., as a trading company, faces several key business risks:
Commodity Price Volatility: Fluctuations in the prices of goods traded can significantly impact margins and profitability.
Foreign Exchange Risk: If involved in international trade, currency fluctuations can affect costs and revenues.
Supply Chain Disruptions: Geopolitical events, natural disasters, or logistical bottlenecks can disrupt supply and distribution.
Credit Risk: Risk of default by counterparties (buyers) on payments.
Intense Competition: High competition can lead to margin erosion and difficulty in securing profitable deals.
Regulatory Changes: Changes in trade policies, tariffs, or import/export regulations can impact operations.
Management & Ownership
Information on the specific promoters, management quality, and detailed ownership structure of Tai Industries Ltd. is not provided. In India, many companies are controlled by promoter groups who hold significant stakes and often play an active role in management.
Outlook
Tai Industries Ltd., operating in the trading sector, presents an outlook influenced by both opportunities and challenges. On the bull side, a growing Indian economy could fuel demand for various goods, offering opportunities for expanded trade volumes and potential for margin improvement through efficient operations and strategic sourcing. The company's ability to identify new trading opportunities, manage its supply chain effectively, and cultivate strong relationships could drive future growth. However, the bear case highlights significant risks inherent in the trading business, particularly commodity price volatility, intense competition, and potential supply chain disruptions. The lack of detailed information on its specific market niche, scale, or proprietary advantages makes it difficult to assess its resilience against these risks. The company's performance will largely depend on its agility in navigating market fluctuations and its operational efficiency in a highly competitive environment.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 34 | 87 | 67 | 66 | 60 | 25 | 31 | 40 | 62 | 35 |
| Other Income | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Total Income | 34 | 87 | 69 | 66 | 60 | 25 | 32 | 40 | 62 | 36 |
| Total Expenditure | 34 | 87 | 68 | 66 | 60 | 25 | 32 | 40 | 62 | 36 |
| Operating Profit | 0 | 0 | 1 | 1 | 0 | 0 | 1 | -0 | 0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 1 | 0 | 0 | 0 | 1 | -0 | 0 | -0 |
| Provision for Tax | -1 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Tax | 1 | 0 | 1 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Profit After Adjustments | 1 | 0 | 1 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Adjusted Earnings Per Share | 1.1 | 0.3 | 1 | 0.5 | 0.1 | 0 | 0.6 | -0.5 | 0.1 | -0.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 55 | 59 | 68 | 74 | 114 | 103 | 186 | 301 | 254 | 148 | 280 | 168 |
| Other Income | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 1 | 6 | 3 | 2 | 2 |
| Total Income | 57 | 61 | 70 | 75 | 116 | 105 | 196 | 302 | 260 | 150 | 283 | 170 |
| Total Expenditure | 55 | 60 | 69 | 74 | 114 | 104 | 193 | 296 | 254 | 148 | 280 | 170 |
| Operating Profit | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 6 | 7 | 2 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 0 | 2 | 0 | 3 | 6 | 6 | 1 | 2 | 1 |
| Provision for Tax | 0 | -0 | 0 | -0 | 0 | -0 | 0 | 2 | 2 | -0 | 1 | 0 |
| Profit After Tax | 1 | 1 | 1 | 0 | 2 | 0 | 3 | 4 | 5 | 1 | 1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 1 | 0 | 2 | 0 | 3 | 4 | 5 | 1 | 1 | 0 |
| Adjusted Earnings Per Share | 1.5 | 1.6 | 1 | 0.6 | 2.7 | 0.4 | 4.6 | 6.9 | 7.7 | 2.3 | 1.8 | -0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 89% | -2% | 22% | 18% |
| Operating Profit CAGR | 0% | -31% | 15% | 7% |
| PAT CAGR | 0% | -37% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -14% | -18% | -0% | 5% |
| ROE Average | 4% | 9% | 13% | 9% |
| ROCE Average | 6% | 12% | 17% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 17 | 18 | 11 | 12 | 14 | 14 | 18 | 23 | 27 | 29 | 30 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | -1 | -0 |
| Total Current Liabilities | 39 | 41 | 39 | 45 | 41 | 38 | 38 | 44 | 54 | 42 | 28 |
| Total Liabilities | 57 | 60 | 51 | 58 | 56 | 53 | 56 | 67 | 81 | 70 | 57 |
| Fixed Assets | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Non-Current Assets | 14 | 14 | 3 | 4 | 5 | 5 | 7 | 8 | 10 | 9 | 10 |
| Total Current Assets | 43 | 45 | 47 | 53 | 50 | 48 | 49 | 58 | 71 | 60 | 47 |
| Total Assets | 57 | 60 | 51 | 58 | 56 | 53 | 56 | 67 | 81 | 70 | 57 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 3 | 2 | 5 | 2 |
| Cash Flow from Operating Activities | -1 | 1 | 1 | -1 | 1 | 2 | -4 | -1 | -1 | -5 | 1 |
| Cash Flow from Investing Activities | 0 | 1 | -0 | 1 | 0 | 1 | 2 | 0 | 4 | 1 | -1 |
| Cash Flow from Financing Activities | -0 | -1 | -0 | -0 | -0 | -0 | 0 | -0 | 0 | 2 | -0 |
| Net Cash Inflow / Outflow | -0 | 2 | -0 | 0 | 1 | 2 | -2 | -1 | 3 | -3 | -1 |
| Closing Cash & Cash Equivalent | 1 | 3 | 1 | 1 | 2 | 5 | 3 | 2 | 5 | 2 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.54 | 1.55 | 1.04 | 0.65 | 2.72 | 0.43 | 4.56 | 6.87 | 7.69 | 2.35 | 1.83 |
| CEPS(Rs) | 2.02 | 1.83 | 1.35 | 2.22 | 3.55 | 0.97 | 4.96 | 7.32 | 8.1 | 2.97 | 2.3 |
| DPS(Rs) | 0.7 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 29.02 | 29.97 | 19.04 | 20.18 | 24.05 | 23.93 | 29.6 | 37.68 | 44.52 | 48.26 | 49.34 |
| Core EBITDA Margin(%) | -0.83 | -2.53 | -0.43 | -0.49 | 0.66 | -1.22 | -3.75 | 1.73 | 0.35 | -0.48 | -0.12 |
| EBIT Margin(%) | 2.03 | 1.68 | 1.22 | 0.66 | 1.64 | 0.28 | 1.68 | 1.98 | 2.54 | 0.99 | 0.66 |
| Pre Tax Margin(%) | 1.8 | 1.43 | 1.01 | 0.49 | 1.54 | 0.2 | 1.64 | 1.95 | 2.48 | 0.87 | 0.58 |
| PAT Margin (%) | 1.68 | 1.58 | 0.91 | 0.53 | 1.43 | 0.25 | 1.47 | 1.37 | 1.81 | 0.95 | 0.39 |
| Cash Profit Margin (%) | 2.2 | 1.87 | 1.18 | 1.81 | 1.86 | 0.56 | 1.6 | 1.46 | 1.91 | 1.2 | 0.49 |
| ROA(%) | 1.7 | 1.59 | 1.12 | 0.71 | 2.85 | 0.47 | 5.01 | 6.73 | 6.23 | 1.86 | 1.72 |
| ROE(%) | 5.35 | 5.27 | 4.23 | 3.31 | 12.3 | 1.79 | 17.03 | 20.43 | 18.71 | 5.06 | 3.74 |
| ROCE(%) | 6.46 | 5.57 | 5.67 | 4.11 | 14.16 | 2.04 | 19.42 | 29.52 | 26.15 | 5.08 | 5.99 |
| Receivable days | 199.81 | 214.59 | 163.85 | 141.09 | 87.71 | 68.14 | 44.24 | 39.6 | 58.21 | 102.37 | 37.11 |
| Inventory Days | 14.85 | 14.19 | 14.01 | 14.03 | 9.8 | 9.98 | 3.05 | 2.35 | 4.93 | 10.3 | 4.59 |
| Payable days | 247.36 | 253.3 | 220.6 | 218.6 | 139 | 112.74 | 50.81 | 36.96 | 57.38 | 100.75 | 34 |
| PER(x) | 8.37 | 9.49 | 20.64 | 30.36 | 3.44 | 20.52 | 2.15 | 9.4 | 5.18 | 17.23 | 20.25 |
| Price/Book(x) | 0.44 | 0.49 | 1.12 | 0.98 | 0.39 | 0.37 | 0.33 | 1.71 | 0.9 | 0.84 | 0.75 |
| Dividend Yield(%) | 5.43 | 3.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.12 | 0.1 | 0.17 | 0.14 | 0.02 | 0 | 0.01 | 0.12 | 0.07 | 0.15 | 0.06 |
| EV/Core EBITDA(x) | 4.54 | 5.04 | 11.29 | 7.35 | 1.19 | 0.09 | 0.8 | 5.8 | 2.63 | 12.3 | 8.12 |
| Net Sales Growth(%) | 7.9 | 6.95 | 16.06 | 7.8 | 55.46 | -9.91 | 80.39 | 61.72 | -15.44 | -41.91 | 89.51 |
| EBIT Growth(%) | -6.14 | -11.68 | -15.4 | -42.01 | 288.49 | -84.41 | 963.92 | 91.09 | 8.46 | -77.39 | 26.31 |
| PAT Growth(%) | 18.05 | 0.91 | -33.3 | -37.41 | 319.32 | -84.18 | 959.14 | 50.78 | 11.9 | -69.49 | -22.22 |
| EPS Growth(%) | 18.05 | 0.91 | -33.3 | -37.41 | 319.33 | -84.18 | 959.14 | 50.78 | 11.91 | -69.49 | -22.22 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.06 | 0.04 |
| Current Ratio(x) | 1.09 | 1.1 | 1.19 | 1.18 | 1.21 | 1.25 | 1.3 | 1.34 | 1.3 | 1.43 | 1.67 |
| Quick Ratio(x) | 1.04 | 1.04 | 1.12 | 1.11 | 1.13 | 1.18 | 1.28 | 1.26 | 1.23 | 1.32 | 1.59 |
| Interest Cover(x) | 8.84 | 6.79 | 5.87 | 3.92 | 16.1 | 3.37 | 41.25 | 69.13 | 45.07 | 8.2 | 8.24 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.06 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +89% | -2% | +22% | +18% |
| Operating Profit CAGR | 0% | -31% | +15% | +7% |
| PAT CAGR | 0% | -37% | — | 0% |
| Share Price CAGR | -14% | -18% | 0% | +5% |
| ROE Average | +4% | +9% | +13% | +9% |
| ROCE Average | +6% | +12% | +17% | +11% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 | 20.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 | 79.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
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