Taal Tech Limited
NSE: TAALTECHAirline
Share price
₹1,018.40
-2.22% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
59
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,623 Cr
P/E ratio
25.1
P/B ratio
6.6
ROCE
27.5%
ROE
18.3%
Dividend yield
1.2%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Jun 2018 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Jun 2018 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
At 25.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 50.1×, across 5 companies. It is against its own five-year median of 18.4×, the 89th percentile of its own range.
Whether growth justifies the valuation
Priced at 2.5 times its growth rate, on earnings growth of 10%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Taal Tech Limited — this one | 10%/yr | 25.1× | ₹2.5 |
| GMR AIRPORTS LIMITED | 42%/yr | 164.9× | ₹3.9 |
| JSW Infrastructure Limited | 29%/yr | 50.1× | ₹1.7 |
| Container Corporation of India Limited | 2%/yr | 26.6× | ₹13.3 |
| Redington Limited | 5%/yr | 16.8× | ₹3.4 |
| Delhivery Limited | 26%/yr | 248.1× | ₹9.5 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies across the whole Services sector, it ranks 12 of 143 on returns, 8 of 130 on growth, 34 of 143 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 27.5% on capital, ahead of 92% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹146 crore of cash from the business, spent ₹11 crore on plant and equipment, and returned ₹82 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 86 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 18 days for its cash to waiting 120 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 6 Aug 2026 · Consolidated · Unaudited
Revenue
₹65 Cr
Revenue vs last year
+41.6%
Revenue vs last quarter
+13.6%
Net profit
₹19 Cr
Profit vs last year
+38.8%
Profit vs last quarter
+14.3%
Net margin
30.0%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,623 Cr
- Prev close
- ₹1,018.40
- 52w High
- ₹1,234
- 52w Low
- ₹522
- Enterprise value
- ₹1,596 Cr
- Beta
- 0.9
- Price CAGR 1y
- 75.0%
- Price CAGR 3y
- 38.0%
- Price CAGR 5y
- 39.0%
- Price CAGR 10y
- 37.0%
Ratios
- Return on assets
- 21.0%
- PEG ratio
- 2.6
- P/E ratio
- 25.1
- P/B ratio
- 6.6
- EV / EBITDA
- 27.1
- Industry P/E
- 19.9
- ROCE
- 27.5%
- ROCE 5y average
- 36.0%
- ROE
- 18.3%
- Debt / Equity
- 0.0
- Interest coverage
- —
- Dividend yield
- 1.2%
- ROE 3y average
- 21.0%
- ROE last year
- 18.0%
Annual P&L
- Annual revenue
- ₹197 Cr
- Annual profit
- ₹57 Cr
- Operating margin
- 30.0%
- Net profit margin
- 28.9%
- EBITDA margin
- 30.5%
- Sales growth 3y
- 7.4%
- Sales growth 5y
- 13.4%
- Profit growth 3y
- 10.0%
- Profit growth 5y
- 5.0%
- EPS
- ₹36.4
- Sales growth TTM
- 18.0%
- Profit growth TTM
- 20.0%
- Dividend payout
- 36.0%
Quarter P&L
- Sales latest quarter
- ₹65 Cr
- Profit latest quarter
- ₹19 Cr
- YoY quarterly sales growth
- 41.6%
- YoY quarterly profit growth
- 35.7%
- OPM latest quarter
- 34.0%
Balance Sheet
- Book Value
- ₹163
- Face Value
- ₹2.0
- Total debt
- ₹1 Cr
- Total cash
- ₹28 Cr
- Borrowings
- ₹1 Cr
- Reserves / Equity
- 80.7
Cash Flow
- Operating cash flow
- ₹19 Cr
- Free cash flow
- ₹19 Cr
- FCF yield
- 1.2%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 50.8%
- FII holding
- 2.3%
- DII holding
- 0.2%
- Public holding
- 46.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Interglobe Aviat | 4,818.25 | 1,86,306 | 0.00 | -238.0 | -110.9 | 24,584.1 | 19.9 | 5.2 | |
| TAAL Tech | 1,082.35 | 27.1 | 1,686 | 1.21 | 19.4 | 41.7 | 64.8 | 41.6 | 27.5 |
| SpiceJet | 8.89 | 1,357 | 0.00 | -269.3 | -1104.0 | 1,384.3 | 12.4 | 9.1 | |
| FlySBS Aviation | 610.00 | 17.4 | 1,056 | 0.00 | 36.9 | 59.2 | 180.9 | 64.2 | 32.5 |
| Global Vectra | 123.70 | 173 | 0.00 | -11.9 | -25.7 | 130.7 | 1.1 | -4.1 | |
| Median | 610.00 | 22.3 | 1,357 | 0.00 | -11.9 | -25.7 | 180.9 | 19.9 | 9.1 |
Competes with: Global Vectra Helicorp Limited, InterGlobe Aviation
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48 | 48 | 44 | 46 | 48 | 49 | 43 | 45 | 46 | 49 | 46 | 57 | 65 |
| Expenses | 35 | 36 | 35 | 34 | 34 | 32 | 30 | 30 | 30 | 34 | 35 | 39 | 43 |
| Material Cost | 0 | ||||||||||||
| Change in Inventories | 0 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 33 | ||||||||||||
| Other Expenses | 9.81 | ||||||||||||
| Operating Profit | 13 | 12 | 9 | 12 | 14 | 17 | 13 | 14 | 15 | 15 | 11 | 18 | 22 |
| OPM % | 27 | 26 | 21 | 27 | 29 | 35 | 31 | 32 | 33 | 31 | 24 | 31 | 34 |
| Other Income | 1 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 4 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 12 | 15 | 11 | 12 | 15 | 20 | 15 | 16 | 19 | 19 | 16 | 21 | 25 |
| Tax % | 31 | 26 | 28 | 19 | 29 | 27 | 25 | 26 | 27 | 26 | 27 | 16 | 23 |
| Net Profit | 9 | 11 | 8 | 10 | 11 | 15 | 11 | 12 | 14 | 14 | 12 | 17 | 19 |
| EPS in Rs | 5.46 | 7.02 | 4.92 | 6.42 | 6.90 | 9.31 | 7.28 | 7.78 | 8.79 | 9.15 | 7.42 | 11 | 12 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66 | 92 | 104 | 149 | 130 | 105 | 129 | 159 | 187 | 185 | 197 | 216 |
| Expenses | 62 | 83 | 88 | 118 | 99 | 82 | 89 | 116 | 140 | 126 | 138 | 150 |
| Operating Profit | 4 | 9 | 16 | 31 | 31 | 23 | 40 | 43 | 47 | 59 | 60 | 66 |
| OPM % | 6 | 9 | 15 | 21 | 24 | 21 | 31 | 27 | 25 | 32 | 30 | 31 |
| Other Income | 1 | 0 | 8 | 7 | 2 | 19 | 12 | 8 | 11 | 14 | 19 | 19 |
| Interest | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 0.65 | 0 | 0 |
| Depreciation | 2 | 1 | 2 | 1 | 6 | 2 | 4 | 5 | 6.33 | 5.53 | 4 | 4 |
| Profit before tax | 1 | 6 | 21 | 35 | 26 | 38 | 47 | 44 | 50 | 67 | 74 | 81 |
| Tax % | 88 | 19 | 12 | 38 | 25 | 17 | 32 | 29 | 26 | 27 | 24 | |
| Net Profit | 0 | 5 | 18 | 22 | 19 | 32 | 32 | 31 | 37 | 49 | 57 | 62 |
| EPS in Rs | -0.07 | 2.44 | 10 | 12 | 11 | 20 | 20 | 20 | 24 | 31 | 36 | 40 |
| Dividend Payout % | 0 | 0 | 0 | 17 | 0 | 20 | 24 | 22 | 0 | 16 | 36 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 12%
- 5 years
- 13%
- 3 years
- 7%
- TTM
- 18%
Compounded profit growth
- 10 years
- 81%
- 5 years
- 5%
- 3 years
- 10%
- TTM
- 20%
Stock price CAGR
- 10 years
- 37%
- 5 years
- 39%
- 3 years
- 38%
- 1 year
- 75%
Return on equity
- 10 years
- 28%
- 5 years
- 24%
- 3 years
- 21%
- Last year
- 18%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3.12 | 3.12 | 3 |
| Reserves | 10 | 14 | 30 | 46 | 47 | 73 | 96 | 121 | 159 | 201 | 242 |
| Borrowings | 9 | 10 | 1 | 0 | 0 | 0 | 9 | 9 | 7 | 4 | 1 |
| Other Liabilities | 14 | 17 | 23 | 34 | 45 | 34 | 31 | 23 | 21 | 20 | 25 |
| Total Liabilities | 37 | 44 | 57 | 83 | 96 | 111 | 138 | 156 | 190 | 228 | 271 |
| Fixed Assets | 6 | 6 | 6 | 6 | 5 | 1 | 12 | 14 | 10 | 6 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 10 | 25 | 1 | 5 | 24 | 60 | 119 | 144 |
| Other Assets | 31 | 38 | 51 | 68 | 65 | 109 | 121 | 119 | 120 | 103 | 124 |
| Total Assets | 37 | 44 | 57 | 83 | 96 | 111 | 138 | 156 | 190 | 228 | 271 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | 2 | 15 | 23 | 33 | 40 | 30 | 22 | 34 | 41 | 19 |
| Cash from Investing Activity | -1 | 1 | -2 | -9 | -24 | -11 | -22 | -4 | -31 | -32 | 5 |
| Cash from Financing Activity | 2 | -4 | -10 | -6 | -8 | -6 | -20 | -23 | -4 | -11 | -24 |
| Net Cash Flow | 1 | -1 | 3 | 8 | 0 | 23 | -12 | -4 | -0 | -3 | 0 |
| Free Cash Flow | -2 | 1 | 12 | 23 | 32 | 41 | 26 | 19 | 32 | 39 | 19 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 72 | 83 | 63 | 64 | 60 | 63 | 80 | 75 | 76 | 96 |
| Cash Conversion Cycle | 75 | 72 | 83 | 63 | 64 | 60 | 63 | 80 | 75 | 76 | 96 |
| Working Capital Days | 17 | 34 | 78 | 46 | 41 | 37 | 18 | 56 | 55 | 56 | 120 |
| ROCE % | 31 | 65 | 79 | 61 | 61 | 52 | 37 | 31 | 33 | 27 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Taal Tech Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Services
- Industry
- Airline
- Classification
- Services › Airline
- ISIN
- INE524T01011
News impact
Big market events that reach Taal Tech Limited, and how the effect spreads.
22 Sept, 16:56 IST · Market event · high impact
India places SpiceJet under scrutiny amid cash flow troubles - Investing.com
India's flight regulator is watching cash-strapped SpiceJet as flight cuts hurt it and slightly its fuel and airport suppliers, while bigger rival IndiGo may gain passengers for now.
Who it hits first
- India's flight regulator (DGCA) and the Civil Aviation Ministry are closely watching SpiceJet, a low-cost airline, as money troubles leave it with about 11 working planes.
- SpiceJet flew 45.2% less capacity in September with only 41.7% of flights on time, causing delays and Gulf-route cancellations, while it seeks government-backed ECLGS emergency loans amid unpaid salaries and money owed to plane lessors and vendors.
- No order to ground the whole fleet has been reported, but DGCA audits also flagged serious findings at IndiGo, Air India and Akasa, so checks may tighten for all airlines.
- SpiceJet itself has no stock signal here because it is not in the knowledge graph and has no fundamentals row, so the listed impact falls on rivals and suppliers.
Who may gain
- InterGlobe Aviation, which runs IndiGo (India's largest airline), may gain passengers from SpiceJet delays, with 11.3 million seats and 94.7% on-time flights ready to absorb them.
- Akasa Air, a privately held airline with no stock listing, already grew capacity 5% with 100% on-time flights and can take more spill passengers.
- Air India, also privately held, runs at 90.4% on-time and may pick up some domestic and Gulf-route spill from SpiceJet.
Along the supply chain
Downstream
Downstream, there is no direct company customer — airlines sell seats to everyday flyers — so the effect is passengers shifting from SpiceJet to IndiGo, Akasa and Air India, with rebookings spilling to travel sellers generally.
Upstream
Upstream, fuel sellers Hindustan Petroleum and Bharat Petroleum pump less jet fuel (ATF) for SpiceJet's smaller schedule, and GMR Airports, which runs airports, collects fewer landing and shop fees from fewer SpiceJet flights; unpaid vendor and engineering bills also signal slower payments for maintenance suppliers.
Where demand moves
Business
Passengers rebook away from delayed SpiceJet flights toward IndiGo and Akasa, lifting rival ticket sales; jet-fuel (ATF) orders shift the same way, with less fuel for SpiceJet and slightly more for rivals, leaving fuel sellers with a small net loss.
Capital
Investors rotate away from stressed SpiceJet toward the stronger rival IndiGo, but DGCA findings at IndiGo too and stretched airline balance sheets keep the move cautious rather than a broad airline rally.
How it spreads across sectors
Consumer Services
Neutral to slightly soft: flight delays disrupt trips, but rebookings and rival capacity limit the hit to hotels and holiday sellers.
Oil, Gas & Consumable Fuels
Slightly negative: less jet-fuel sales for SpiceJet flying, mostly offset as IndiGo and Akasa fly more.
Services
Small negative to mixed: IndiGo gains flyers but faces DGCA checks, while airports and engineering firms see slightly less SpiceJet work, partly backfilled by rivals.
When it plays out
Immediate
SpiceJet delays and cancellations continue; IndiGo and Akasa pick up rebooked passengers day by day.
Medium term
If SpiceJet's 20 leased planes arrive by mid-November and fly reliably, rival gains fade; if not, IndiGo and Akasa keep the extra share through winter.
Short term
DGCA monitoring and possible extra checks shape schedules; ECLGS loan talks and salary and lessor payments decide if SpiceJet stabilises.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 22 Sep 2026 | split | ₹0 |
|---|
Splits, bonuses & buybacks
- subject0.2× · 22 Sep 2026
Documents
Annual reports, results presentations and earnings calls, straight from the source.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.