āagman

Not investment advice. Data and computed figures, for information only.

Tsf Investments Ltd

NSE: TSFINV
₹396.05
−₹6.65 (−1.65%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹10,147 Cr
CMP
₹396.05
52-wk High / Low
₹697 / 332
P/E
20.8
P/B
1.7
Book Value
₹272.0
Div Yield
2.44%
ROCE
3.0%
ROE
8.2%
Face Value
₹5
D/E
0.04

Price−38.7% over 1Y

āagman read

Computed by āagman
Derived from 9 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹379
√(22.5 × EPS × book value per share)
ROIC
3.7%
vs 10.0% sector median
Cash flow to profit
0.50
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−305
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.1%
ROE × earnings retention ratio
ROE stability
2.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.07DII −0.48
Latest quarter vs the previous one
Cash-accrual divergence
4.2%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 3.1pp over the last year
Watch-outs
−Latest ROCE of 3% trails the sector median of 9.4%
−Price trades below its 200-day moving average (0.9x)
−Price is 43.2% below its 52-week high
−Promoter holding fell by 0.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales24242521843303349179250258298306
Expenses1411121199912132200210240234
Operating Profit101313207342124374750495771
OPM %41.7%54.2%52.0%95.0%79.1%70.0%72.7%75.5%26.3%20.0%19.0%19.1%23.2%
Other Income12201202434291
Interest0000000057777
Depreciation1111111134444
Profit before tax101415206342223388244405661
Net Profit719110226911089106107158103105164125
EPS (₹)3.184.084.6112.134.974.004.764.827.134.524.647.255.50

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 9 years + TTM
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales69100935985912911551,0271,112
Expenses4959624861454839782884
Operating Profit214131102446243116245228
OPM %30.4%41.0%33.3%16.9%28.2%50.5%83.5%74.8%23.9%20.5%
Other Income325633651817
Interest000010112527
Depreciation111242331617
Profit before tax234235142247245117221201
Net Profit1301377874161238533412530497
EPS (₹)5.846.193.523.337.3510.7024.0018.5523.4921.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital76767676111111111111111—
Reserves2,7362,2901,7822,1192,8913,4594,6825,4965,922—
Borrowings00243181816235—
Other Liabilities12887631079046137214475—
Total Liabilities2,9402,4531,9222,3063,0963,6354,9485,8376,743—
Fixed Assets669109414049423—
CWIP000000001—
Investments2,9102,4201,8792,2693,0533,5534,7085,7385,781—
Other Assets24273527344020050538—
Total Assets2,9402,4531,9222,3063,0963,6354,9485,8376,743—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity14758621930100132188266
Cash from Investing Activity−146−30−11−10−345−25136−144−145
Cash from Financing Activity−1−28−46−8319−73−103−211−50
Net Cash Flow115132166−16771

Ratios

As of 31 Mar 2026
9 periods
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—2.02.01.01.01.06.02.03.0
ROE %————————8.2
EPS (₹)5.846.193.523.337.3510.7024.0018.5523.49
Book Value (₹)————————272.0
Face Value (₹)————————5
P/E————————20.8
Div Yield %————————2.44
NPM %180.6134.379.6113.8183.0253.2179.5257.550.7
OPM %30.041.033.018.028.050.083.075.024.0
D/E0.000.000.000.000.000.010.000.000.04
P/B————————1.7

Growth

As of 27 Sep 2026
Compounded sales growth
5 years+77.0%
3 years+124.0%
TTM+283.0%
Compounded profit growth
5 years+45.0%
3 years+26.0%
TTM+6.0%
Stock price CAGR
5 years+43.0%
3 years+58.0%
Last year−19.0%
Return on equity
5 years9.0%
3 years9.0%
Last year8.0%

Shareholding pattern

As of 31 Dec 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters52.91%52.91%53.34%52.92%52.92%55.59%55.59%54.97%54.97%54.99%54.99%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.23%1.01%3.20%3.27%
DIIs13.08%13.08%10.09%10.16%6.58%6.17%5.57%5.45%5.19%4.75%4.27%
Government———————————
Public33.37%33.37%35.94%36.28%39.86%37.61%38.01%38.72%38.19%36.41%36.83%
No. of shareholders25,70025,70025,94824,66227,69331,09130,88533,20139,00135,78237,327
Change since Jun 2023 (pp)
Promoters +2.08FIIs +3.27DIIs −8.81Public +3.46

Documents

As of 27 Sep 2026
Announcements
Shareholders meetingGeneral UpdatesCorrigendumCopy of Newspaper PublicationShareholders meeting
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022

Corporate actions

As of 7 Jul 2026
7 Jul 2026DIVIDENDDividend - Rs 4.45 Per Share—
10 Feb 2026DIVIDENDInterim Dividend - Rs 6.70 Per Share—
11 Jul 2025DIVIDENDDividend - Rs 1.55 Per Share—
28 May 2025DIVIDENDInterim Dividend - Re 0.60 Per Share—
4 Feb 2025DIVIDENDInterim Dividend - Rs 3.7 Per Sh—
5 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2.05 Per Share—
31 May 2024DIVIDENDInterim Dividend - Rs 3.65 Per Share—
13 Feb 2024DIVIDENDInterim Dividend - Rs 2 Per Share—
3 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share/ Special Dividend - Re 1 Per Share—
14 Feb 2023DIVIDENDInterim Dividend - Rs 1.50 Per Share—
29 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 1 Per Share/Special Dividend - Rs 0.75 Per Share—
14 Feb 2022DIVIDENDSpecial Dividend - Re 1 Per Share—
29 Jun 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.50 Per Share—
26 Apr 2021RIGHTS Rights 23:49 @ Premium Rs 45/-—
30 Jun 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.50 Per Share—
18 Mar 2020DIVIDEND Interim Dividend - Rs 0.75 Per Share—
28 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.75 Per Share—
4 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 1.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman