TPI India Stock Up by More Than 6% After Rs 13.8 Crore Order From Indian Oil
By Ankur Chandra | Published at: Jul 17, 2025 02:56 PM IST
Mumbai, July 17 – TPI India Ltd (BSE: 500421) shares gained 6.2% on the BSE after the company secured a ₹13.77 crore order from Indian Oil Corporation Limited (IOCL). The win marks a key contract from a major PSU client, boosting investor sentiment.
The two-year contract involves supplying Flexible Intermediate Bulk Containers (FIBC) to IOCL and does not involve any related-party transactions.
Key Market Data (As of 12:07 IST, July 17, 2025)
At 12:07 IST, TPI India was trading at ₹17.65 on the BSE. The stock moved between ₹17.25 and ₹19.00, with a VWAP of ₹16.60. Volume reached 0.33 lakh shares against a two-week average of 0.16 lakh, while the turnover stood at ₹20 lakh. The stock, however, still remains well below its 52-week high of ₹25.39.
| Metric | Value |
|---|---|
| Previous Close | ₹16.29 |
| Open | ₹17.49 |
| Day’s High | ₹19.00 |
| Day’s Low | ₹17.25 |
| Last Traded Price | ₹17.65 |
| Volume (Lakh Shares) | 0.33 |
| Turnover (₹ Lakh) | 20 |
| 52-Week High | ₹25.39 |
| 52-Week Low | ₹13.00 |
| Market Cap (₹ Cr.) | 74.33 |
| Face Value | ₹1.00 |
| EPS (TTM) | ₹0.08 |
| PE Ratio (TTM) | 216.25 |
| ROE | -2.40% |
| Industry Category | Packaging |
Despite a negative return on equity and a high PE ratio, the stock has seen renewed interest following this large-scale order from a blue-chip PSU.
Company Statement
Managing Director Bharat Chimanlal Parekh stated in the regulatory filing that the contract will be executed over a 24-month timeline and emphasized the company’s commitment to fulfilling the order with high quality and efficiency.
Outlook
The order from IOCL signals improved order book strength for TPI India’s packaging segment. The market views this as a sign of operational stability despite weak fundamentals. Sustained execution and margin recovery will be key for any further re-rating in the stock.
About the Company
TPI India Ltd is a BSE-listed packaging products manufacturer based in Maharashtra. The company primarily operates in the industrial packaging sector and supplies FIBC bags to various clients across industries. The stock falls under Group X and follows the T+1 settlement cycle.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f4dabf1c-4907-496c-92ff-f2a1a4ca9744.pdf
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