Shree TNB Polymers Limited filed a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing their press release for financial results for the half year ended September 30, 2026. These are the company's first results since its listing on the SME Platform of BSE Limited on October 08, 2026.

Financial Results - H1 FY2026-27

The company reported a Profit After Tax (PAT) of ₹2.58 crore for the half year ended September 30, 2026. EBITDA (calculated as profit before tax + finance costs + depreciation − other income) margin was 8.8%.

Current Business Performance and Outlook

The company reported strong momentum entering the second half of FY2026-27:

  • Order book of ₹64.23 crore as on November 14, 2026, executable over the next 2 to 3 months
  • Turnover (excluding GST) of approximately ₹32 crore achieved from October 01 to November 13, 2026 (first six weeks of H2)
  • Fresh HDPE pipe orders worth ₹50.99 crore for water supply and power distribution projects announced on October 09, 2026

Key Business Highlights

  • Successful Listing: Equity shares listed on the BSE SME Platform on October 08, 2026. IPO proceeds will be deployed in line with the objects stated in the Prospectus.
  • MDPE Growth Initiative: Received BIS licence under IS 14885:2022 for MDPE pipes, with commercial production having started. This opens up gas distribution networks market.
  • Phase 1 Expansion: Structure at the new land is complete and has been submitted for statutory approvals. The entire phase 1 has been funded from internal accruals. Production will commence on receipt of approvals and will be scaled up progressively as machinery is installed and commissioned.
  • Capacity Expansion: About 9,000 MTPA of capacity addition planned over the existing installed capacity of 26,500 MTPA. At full utilisation, this carries an estimated revenue potential of about ₹135-150 crore.

New Product Launches

Blow-Moulded HDPE Drums (~2,500 MTPA capacity)

  • 50 L and 250 L drums in two designs: closed-head (tight head) drums for liquids, solvents and hazardous chemicals; and open-head (wide-mouth) drums with locking-ring lids for powders, pastes, resins and semi-solids
  • The 250 L size features impact-resistant L-ring rims, built for palletised bulk freight, forklift handling and export logistics
  • Industries served: Chemicals & petrochemicals, pharmaceuticals & biotech, food & beverage, agrochemicals, automotive lubricants, FMCG, homecare and cosmetics
  • Commercial production expected in the last week of March 2027

PP Bubble Guard Sheets (~1,400 MTPA capacity)

  • Multi-layer polypropylene boards with a honeycomb/bubble core between two flat outer layers, built with air-lock technology
  • Offers high strength-to-weight ratio, shock absorption, water resistance and full reusability
  • Applications: Pallet liners, layer pads, returnable boxes, floor and surface protection, automotive interior parts, signage, battery packaging and coil protection
  • Industries served: Automotive, construction, logistics & warehousing, battery & electrical, steel & metals, FMCG, printing & advertising, furniture and appliances

Management Commentary

Mr. Vijay Jaysukhlal Thosani, Chairman & Whole Time Director, provided commentary:

  • Expressed confidence in second half performance expecting it to be "significantly better than the first"
  • Cited construction season being in full swing, strong initial H2 turnover, and clear revenue visibility from order book
  • Noted investment for next growth phase through new capacities (MDPE pipes, blow-moulded drums, PP Bubble Guard sheets) targeting gas distribution, chemicals, pharmaceuticals, FMCG, automotive and logistics sectors
  • Expected revenue generation from new capacities partly in current financial year, with balance from FY2027-28
  • Emphasized focus on timely execution, financial discipline, and deploying IPO proceeds as stated in the Prospectus

Company Background

Shree TNB Polymers Limited, incorporated in 2007, is a diversified polymer manufacturer with an installed capacity of 26,500 MTPA across manufacturing units at Silvassa, Dadra and Nagar Haveli. Product portfolio includes HDPE, MDPE, DWC pipes, conduit pipes and fittings and irrigation systems under the "NOBLE" brand, solid industrial sheets under "TIRUPATI" and corrugated/flute board sheets under "WELLPACK". The Company holds ISO 9001:2015 and ISO 14001:2015 certifications and is an approved vendor to government bodies across several states.