अApnaFunda

TAPI FRUIT PROCESSING LIMITED (TAPIFRUIT)

Consumer Non-Durables · Food: Specialty/Candy · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.27 / 100
Profitability 4Growth 64Balance sheet 14

Share price

Closing priceAdjusted for splits and bonus issues.

₹41.8 latest close · −52.5% over the last 90 sessions

₹40₹60₹80Nov 28Jan 9Feb 13Mar 30Jun 17Nov 5 ₹40₹60₹80Nov 28Mar 9Nov 5

₹41.8 month-end · −52.5% over 12 months

₹40₹60₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹40₹60₹80Nov '25May '26Nov '26

₹41.8 month-end · −71.7% over 3 years

₹50₹100₹150₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹50₹100₹150₹200Nov '23May '25Nov '26

₹41.8 month-end · −21.2% since Sep '22

₹50₹100₹150₹200Sep '22Jul '23May '24Mar '25Jan '26Nov '26 ₹50₹100₹150₹200Sep '22Oct '24Nov '26

52-week range ₹41.80 to ₹122.00 · 1-year volatility 54.6%

How rough has the ride been?

Maximum drawdown-82.6%not yet recovered
1-year volatility54.6%annualised

Drawdown from peak

0%−25%−50%−75%2023202420252026−82.6% 0%−25%−50%−75%2023202420252026−82.6%
Largest drawdowns

-82.6% (2023-05 peak to 2026-10 low, not yet recovered)

-30.0% (2023-03 peak to 2023-03 low, recovered 2023-04)

-22.3% (2022-09 peak to 2022-11 low, recovered 2022-11)

Where does it rank among Consumer Non-Durables peers?

Each cell is the company's percentile rank among its Consumer Non-Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE4thflat vs a year ago
  • Revenue growth91st▲ 81 pts vs a year ago
  • EPS growth2nd
  • Debt/equity ↓12th▼ 18 pts vs a year ago
  • Cash cycle ↓82ndflat vs a year ago
  • P/E ↓11th
  • 12M momentum2nd▼ 48 pts vs a year ago

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Non-Durables sector page Watch it move against Consumer Non-Durables in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Non-Durables The market-wide Expectations lists

Key figures

Share Priceclose 5 Nov
₹41.80
ROCE
-5.0%
Market Cap
₹18 cr
Revenue (TTM)
₹29 cr
P/S
0.6x
P/B
1.7x
ROE
-16.0%
Debt / Equity
1.1x
Promoter Holding
65.7%
12M Momentum
-52.5%

52-week range

₹41.80₹122.00
0% of the way from its 52-week low to its high

Price risk

1Y volatility
54.6%
Beta vs sector
1-year daily
0.35

Balance sheet & cash

Interest cover
operating profit ÷ interest
-1.5x
Share count, 1Y
+0.7%

Are profits backed by cash?

2 of 4checks within range1 beyond a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-1 daysWithin range

Debtor days are below the median of the previous three fiscal years by 1 days (25 vs 26). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress8% of fixed assetsWithin range

Capital work-in-progress is 8% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+53 days / 2 yrsNear threshold

Days payable changed by +53 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters trimmed 2.1 pts.
  • The number of shareholders rose from 227 to 385 (+70%) between Sep 2022 and Mar 2026.

Holdings, Mar '26

How each group changed

GroupSep '22Mar '26Change
Promoters72.2%65.7%-6.5 pts
FIIs0.0%0.0%0.0 pts
DIIs———
Public and others27.8%34.3%+6.5 pts

Number of shareholders

385shareholders+70% since Sep '22
227280332385 Sep '22Jun '23Dec '24Mar '25Sep '25Mar '26
Sep '22: 227
Jun '23: 297
Dec '24: 374
Mar '25: 362
Sep '25: 384
Mar '26: 385
227280332385 Sep '22Dec '24Sep '25Mar '26
Sep '22: 227
Jun '23: 297
Dec '24: 374
Mar '25: 362
Sep '25: 384
Mar '26: 385

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+22.8%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like TAPI FRUIT PROCESSING LIMITED today on valuation, return on capital, debt, growth, price momentum and size.
  • Over the following 12 months the middle half of them returned −7% to +54% vs the market, against −2% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +24.8%, 80% range +13.4% to +35.5%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
PALREDTEC · May 2024: −51.6% vs market
SETCO · Jul 2022: −46.9% vs market
SELMC · May 2024: −45.3% vs market
TRIDHYA · Aug 2024: −37.8% vs market
AURUS · Aug 2025: −32.3% vs market
SECURKLOUD · Nov 2023: −30.5% vs market
PRAENG · Jul 2022: −27.7% vs market
NETWORK18 · Jun 2024: −27.6% vs market
BANKA · Feb 2025: −23.8% vs market
LEXUS · Jun 2024: −23.1% vs market
OILCOUNTUB · Feb 2020: −12.8% vs market
PRAXIS · Aug 2020: −11.1% vs market
DTIL · Oct 2025: −7.6% vs market
SALSTEEL · Jan 2020: −4.0% vs market
SHEMAROO · Jun 2024: +2.9% vs market
COFFEEDAY · Jul 2023: +5.4% vs market
NEXTMEDIA · Aug 2023: +5.6% vs market
BANG · Sep 2024: +7.6% vs market
SHAH · Jan 2020: +8.0% vs market
AUTOIND · Jan 2020: +8.7% vs market
SICALLOG · Oct 2025: +10.5% vs market
NOIDATOLL · Mar 2025: +14.5% vs market
BRNL · Jul 2023: +15.3% vs market
EUROTEXIND · May 2024: +18.0% vs market
UNITECH · Apr 2021: +22.6% vs market
KRITI · May 2024: +22.9% vs market
VIPULLTD · Nov 2022: +27.0% vs market
ATLANTAA · Feb 2023: +27.5% vs market
SUMIT · Oct 2021: +31.0% vs market
JITFINFRA · Mar 2020: +34.0% vs market
WALCHANNAG · Nov 2021: +36.0% vs market
KSHITIJPOL · May 2025: +38.4% vs market
ZUARIIND · Jan 2020: +40.2% vs market
KARMAENG · Nov 2020: +42.1% vs market
ZEELEARN · Aug 2023: +45.9% vs market
ASAHISONG · Aug 2023: +46.6% vs market
WILLAMAGOR · Oct 2022: +51.1% vs market
RADAAN · Jul 2021: +54.9% vs market
DGCONTENT · Jun 2020: +55.4% vs market
ASAL · May 2020: +58.7% vs market
DELTAMAGNT · Sep 2020: +64.1% vs market
SAMPANN · Jan 2020: +69.9% vs market
MITCON · Jul 2021: +72.0% vs market
OMAXE · Aug 2023: +85.0% vs market
NAGREEKCAP · Dec 2023: +100.9% vs market
THOMASCOTT · Aug 2020: +103.8% vs market
OPTIEMUS · Jan 2020: +140.1% vs market
NIBL · May 2020: +154.0% vs market
NITCO · May 2023: +177.8% vs market
BAGFILMS · Aug 2021: +183.7% vs market
Similar setups +22.8%All companies −2.0%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge

Similar setups' median
+22.8%
All companies' median
−2.0%
Beat the market
72% vs 48%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
NIBL
Producer Manufacturing
May 2020 —-5% −75%−77% +154%
DELTAMAGNT
Producer Manufacturing
Sep 2020 —-6% −52%−57% +64%
SHAH
Non-Energy Minerals
Jan 2020 —-7% −55%−62% +8%
SAMPANN
Producer Manufacturing
Jan 2020 —-7% −51%−53% +70%
NEXTMEDIA
Consumer Services
Aug 2023 —-8% −18%−38% +6%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
AUTOIND
Producer Manufacturing
Jan 2020 —-3% −62%−62% +9%
SUMIT
Finance
Oct 2021 —-7% +27%−48% +31%
THOMASCOTT
Consumer Non-Durables
Aug 2020 —-10% −35%−49% +104%
How reliable is this?

Matched on P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high and size. Closest on: 12-month momentum, interest cover and P/S. Not used (unavailable for this company): P/E, operating margin and volatility. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to TAPI FRUIT PROCESSING LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

13 events since Mar '23

  1. OctPriceFell 83% from the May 2023 peak to the Oct 2026 low.
  2. JunResultsRevenue (TTM) reached a new high of ₹29 cr.
  3. JunDebtDebt / equity rose above 1.0x (1.07x).
  4. OctSharesShare count is up 6.6% over 12 months.
  5. JunResultsRevenue (TTM) reached a new high of ₹22 cr.
  6. AprDebtDebt / equity halved over 12 months to 0.06x.
  7. SepPromoterPromoter holding fell 4.4 pts to 67.8%.
  8. SepDebtDebt / equity halved over 12 months to 0.06x.
Show 5 earlier events
  1. SepSharesShare count is up 200.0% over 12 months.
  2. JunResultsEPS (TTM) turned negative.
  3. JunDebtDebt / equity fell below 1.0x (0.06x).
  4. AprPriceRegained the 2023-03 peak, 1 month after the low.
  5. MarPriceFell 30% from the Mar 2023 peak to the Mar 2023 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history51 months · 2022-09 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11—₹29 cr-16.0%-5.0%1.1x
2026-10—₹29 cr-16.0%-5.0%1.1x
2026-09—₹29 cr-16.0%-5.0%1.1x
2026-08—₹29 cr-16.0%-5.0%1.1x
2026-07—₹29 cr-16.0%-5.0%1.1x
2026-06—₹29 cr-16.0%-5.0%1.1x
2026-05—₹20 cr-11.9%-8.9%0.6x
2026-04—₹20 cr-11.9%-8.9%0.6x
2026-03—₹20 cr-11.9%-8.9%0.6x
2026-02—₹20 cr-11.9%-8.9%0.6x
2026-01—₹20 cr-11.9%-8.9%0.6x
2025-12—₹20 cr-11.9%-8.9%0.6x
2025-11—₹20 cr-11.9%-8.9%0.6x
2025-10—₹20 cr-11.9%-8.9%0.6x
2025-09—₹20 cr-11.9%-8.9%0.6x
2025-08—₹20 cr-11.9%-8.9%0.6x
2025-07—₹20 cr-11.9%-8.9%0.6x
2025-06—₹20 cr-11.9%-8.9%0.6x
2025-05—₹22 cr-1.5%-1.9%0.1x
2025-04—₹22 cr-1.5%-1.9%0.1x
2025-03—₹22 cr-1.5%-1.9%0.1x
2025-02—₹22 cr-1.5%-1.9%0.1x
2025-01—₹22 cr-1.5%-1.9%0.1x
2024-12—₹22 cr-1.5%-1.9%0.1x
2024-11—₹22 cr-1.5%-1.9%0.1x
2024-10—₹22 cr-1.5%-1.9%0.1x
2024-09—₹22 cr-1.5%-1.9%0.1x
2024-08—₹22 cr-1.5%-1.9%0.1x
2024-07—₹22 cr-1.5%-1.9%0.1x
2024-06—₹22 cr-1.5%-1.9%0.1x
2024-05—₹21 cr-2.4%-0.4%0.1x
2024-04—₹21 cr-2.4%-0.4%0.1x
2024-03—₹21 cr-2.4%-0.4%0.1x
2024-02—₹21 cr-2.4%-0.4%0.1x
2024-01—₹21 cr-2.4%-0.4%0.1x
2023-12—₹21 cr-2.4%-0.4%0.1x
2023-11—₹21 cr-2.4%-0.4%0.1x
2023-10—₹21 cr-2.4%-0.4%0.1x
2023-09—₹21 cr-2.4%-0.4%0.1x
2023-08—₹21 cr-2.4%-0.4%0.1x
2023-07—₹21 cr-2.4%-0.4%0.1x
2023-06—₹21 cr-2.4%-0.4%0.1x
2023-05113.9x₹15 cr10.4%—12.4x
2023-0495.8x₹15 cr10.4%—12.4x
2023-0365.9x₹15 cr10.4%—12.4x
2023-0257.0x₹15 cr10.4%—12.4x
2023-0153.4x₹15 cr10.4%—12.4x
2022-1231.8x₹15 cr10.4%—12.4x
2022-1132.8x₹15 cr10.4%—12.4x
2022-1030.3x₹15 cr10.4%—12.4x
2022-0929.8x₹15 cr10.4%—12.4x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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