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Tarsons Products Limited (TARSONS) AI Stock Analysis

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IN:TARSONS

Tarsons Products Limited

(NSE:TARSONS)

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Rating:47Neutral
Price Target:INR 287.00â–¼(-1.63% Downside)
Action:reiterated
Date:09/22/26

The score is held back primarily by weakening profitability, rising debt, and persistently negative free cash flow, alongside a very high P/E valuation. Technicals are moderately supportive with price above major moving averages, but mixed momentum (negative MACD) limits the uplift.

Positive Factors
Diversified End MarketsA broad laboratory-consumables portfolio serving research, diagnostics, healthcare, pharmaceutical and academic users gives Tarsons multiple end markets. Domestic and export distribution can support more resilient demand and reduce reliance on any single customer application over the next several quarters.
Negative Factors
Profitability DeteriorationThe decline in net income and operating profit despite higher revenue signals weaker earnings power and margin sustainability. If this pattern persists, Tarsons may have less capacity to fund expansion internally, absorb cost pressure, or generate attractive returns from its growing business base.

Tarsons Products Limited (TARSONS) vs. iShares MSCI India ETF (INDA)

-50%-40%-30%-20%-10%0%10%20%30%IN:TARSONS+1.39%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 16.02B
Dividend Yield
―
Average Volume (3M)
20.02K
Price to Earnings (P/E)
139.2
Beta (1Y)
1.02
Revenue Growth
10.63%
EPS Growth
-59.63%
Country
India
Employees
1,108
Sector
General
Sector Strength
55
Industry
Medical - Instruments & Supplies

Tarsons Products Limited Business Overview & Revenue Model

Company Description

Established in 1983 and headquartered in Kolkata, India, Tarsons Products Limited specializes in the global manufacturing and distribution of plastic laboratory supplies and scientific instruments. The company's diverse product portfolio features dis...

Tarsons Products Limited Financial Statement Overview

Summary

Financials show pressure despite revenue recovery: earnings power and margins have deteriorated versus 2021–2023, leverage has risen meaningfully since 2023, and free cash flow has been persistently negative (2022–2026) even though operating cash flow is positive.

Income Statement

48Neutral

Balance Sheet

55Neutral

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue4.41B4.23B3.92B2.96B2.83B3.01B
Gross Profit1.11B1.12B1.35B985.42M1.25B1.49B
EBITDA1.32B1.18B1.27B1.11B1.42B1.61B
Net Income110.95M143.22M297.70M426.40M807.14M1.01B
Balance Sheet
Total Assets011.86B10.80B9.72B7.26B5.44B
Cash, Cash Equivalents and Short-Term Investments252.56M252.56M256.52M226.11M590.58M774.42M
Total Debt03.93B3.39B2.69B1.11B216.65M
Total Liabilities-6.35B5.51B4.50B3.59B1.56B543.96M
Stockholders Equity6.35B6.35B6.30B6.13B5.69B4.90B
Cash Flow
Free Cash Flow-267.75M-71.03M-550.87M-816.28M-1.14B-485.02M
Operating Cash Flow444.51M1.18B966.20M1.03B755.99M834.67M
Investing Cash Flow-783.05M-1.30B-1.47B-2.85B-1.79B-1.38B
Financing Cash Flow321.34M89.33M578.12M1.36B845.61M1.30B

Tarsons Products Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price291.75

Price Trends

50DMA325.78Negative
100DMA307.45Negative
200DMA255.41Positive

Market Momentum

MACD-8.02Positive
RSI36.90Neutral
STOCH20.69Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TARSONS, the sentiment is Negative. The current price of 291.75 is below the 20-day moving average (MA) of 319.04, below the 50-day MA of 325.78, and above the 200-day MA of 255.41, indicating a neutral trend. The MACD of -8.02 indicates Positive momentum. The RSI at 36.90 is Neutral, neither overbought nor oversold. The STOCH value of 20.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TARSONS.

Tarsons Products Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:TARSONS against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:VIMTALABSIN:VIMTALABS69NeutralINR 21.67B27.15―0.41%14.22%7.17%
IN:ZIMLABIN:ZIMLAB60NeutralINR 7.32B166.21――7.55%-57.19%
IN:POLYMEDIN:POLYMED59NeutralINR 146.76B46.62―0.24%18.31%-12.86%
IN:FISCHERIN:FISCHER58NeutralINR 16.20B54.14―0.20%195.95%1526.86%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:TARSONSIN:TARSONS47NeutralINR 15.52B139.23――10.63%-59.63%
IN:KREBSBIOIN:KREBSBIO44NeutralINR 1.26B-8.65――-1.32%51.41%

* General Sector Average

Performance Comparison

-50%0%50%100%IN:TARSONSIN:KREBSBIOIN:POLYMEDIN:VIMTALABSIN:ZIMLABIN:FISCHERDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:TARSONS and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:TARSONSTarsons Products Limited291.752.700.93%
IN:KREBSBIOKrebs Biochemicals & Industries Ltd.58.36-10.84-15.66%
IN:POLYMEDPoly Medicure Limited1447.90-463.33-24.24%
IN:VIMTALABSVimta Labs Limited484.85-194.79-28.66%
IN:ZIMLABZim Laboratories Ltd.136.4563.4086.79%
IN:FISCHERFischer Medical Ventures Ltd24.75-82.29-76.88%

Tarsons Products Limited Corporate Events

Tarsons Products Convenes 43rd AGM via Virtual Platform with Strong Shareholder Turnout

Sep 24, 2026

Tarsons Products Limited held its 43rd Annual General Meeting on September 24, 2026, via video conferencing in compliance with MCA and SEBI circulars and applicable listing regulations. The meeting saw participation from key members of the board, sen...

Tarsons Schedules Virtual Analyst Meet with Arihant Capital

Sep 24, 2026

Tarsons Products Limited has notified stock exchanges that its officials will participate in a virtual group meeting hosted by Arihant Capital on September 30, 2026, between 5:00 p.m. and 6:00 p.m. IST. The interaction is aimed at analysts and instit...

Tarsons Clarifies Share Volume Surge, Affirms Full Regulatory Compliance

Sep 21, 2026

Tarsons Products Limited, an ISO-certified manufacturer in the laboratory and life-sciences consumables space, is headquartered in Kolkata and listed on the National Stock Exchange of India under the symbol TARSONS. The company serves institutional a...

Tarsons Products Publishes Q1 FY27 Investor Presentation for Market Disclosure

Aug 10, 2026

Tarsons Products Limited has released an investor presentation detailing its financial results for the quarter ended June 30, 2026, and submitted the same to both the BSE and NSE in line with SEBI disclosure regulations. The document, prepared under...

Tarsons Posts Q1 FY27 Results and Sets Date for 43rd AGM

Aug 10, 2026

Tarsons Products Limited reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, as approved by its board of directors in a meeting held on August 10, 2026. The results, accompanied by a limited revie...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 22, 2026