TGV Sraac share price today

TGV Sraac Ltd's share price was ₹117.26 at the close on 4 November 2026. It has been rising for 6 weeks. That is 8.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹81 and ₹127, and at that close it sat 79% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today TGV Sraac Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row.

Over the last 11 years the share price moved +681% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit up on a year earlier for 8 quarters in a row, promoters raised their stake for 4 quarters in a row and highest quarterly profit in 14 quarters.

1. Profit up on a year earlier for 8 quarters in a row

   In the June 2026 quarter profit was ₹45 crore, +15.4% on a year earlier.

2. Promoters raised their stake for 4 quarters in a row

   From 63.8% to 64.4% of the company by the September 2026 quarter.

3. Highest quarterly profit in 14 quarters

   Profit of ₹45 crore in the June 2026 quarter is the highest of the last 14 quarters.

For April to June 2026 (the quarter ended 30 June 2026), TGV Sraac reported revenue of ₹543 crore, up 10.6% from ₹491 crore a year earlier, and a profit of ₹45.0 crore, up 15.4% from ₹39.0 crore.

TGV Sraac results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

TGV Sraac closed at ₹117.26 on 4 November 2026, up 2.6% from ₹114.25 a year earlier (7 November 2025) and up 106.8% over five years. Its highest weekly close since March 2016 was ₹172.25 on 7 October 2022.

TGV Sraac share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

543 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: TGV Sraac closed at ₹117.26, up 7.1% on the week and up 0.7% on the month. 18 Sep 2026: ex-date for a dividend of ₹1 a share.

Earlier

• Results for April to June 2026: Revenue up 10.6% and profit up 15.4% on a year earlier.

TGV Sraac paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.85% at the ₹117.26 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 18 September 2026.

TGV Sraac dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. TGV Sraac Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

TGV Sraac's management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 10 October 2026.

The changes showing up in TGV Sraac's own numbers are costs spread over more sales. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to January to March 2026, 10 October 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

A commissioning update showing that expanded chemical capacity cannot earn positive incremental operating profit after power and chlorine-disposal costs would break the expansion-led recovery thesis.

Each change stops working if

• Existing operations recover: Sales growth persists but operating profit falls as product prices or power costs offset the volume benefit.
• Chemical-capacity commissioning: Commissioning slips or incremental sales fail to cover incremental operating and financing costs.
• Captive solar contribution: New generation fails to displace purchased power economically or product-price declines absorb the savings.
• Operating cash supports reinvestment: Supplier credit reverses while expansion spending continues and operating cash no longer covers reported profit.

The main risks

• Expansion funding and execution: Financing costs can arrive before expanded capacity contributes. ⚠ estimate
• Supplier-credit dependence: Longer payment periods support operating cash but may reverse. ⚠ estimate
• Commodity pricing and retained power savings: More capacity and lower power need not translate into retained profit. ⚠ estimate
• Depreciation comparability: Changed asset-life estimates complicate profit comparisons. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026.

When TGV Sraac reports July to September 2026, these are the check that show whether the story is still on course. First: Operating margin exceeds the corresponding previous-year quarter while management separately identifies electricity cost per unit and output from commissioned capacity.

TGV Sraac is on one of our India lists: Momentum stocks.

TGV Sraac Ltd earned ₹45.0 Cr of net profit in the Jun 2026 quarter, +15.4% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY26 profit was ₹132 Cr. Over 10 years profit has grown 18.6% a year on average. That is 8.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹39.0 Cr.

For the full year, FY26 profit was ₹132 Cr (+43.5% on the year before).

Why profit moved: revenue changed +10.6% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +17.9% and revenue +7.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. Revenue grows, with lower depreciation and interest helping profit.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

TGV Sraac Ltd reported ₹543 Cr of revenue in the Jun 2026 quarter, +10.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 9.1% a year on average. The last full year, FY26, came in at ₹1,950 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,002 Cr.

FY26 revenue was ₹1,950 Cr, +11.5% on the year before.

Recent pace: the last four quarters grew +7.7% on average, against 9.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.6%, against +15.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +16.9%, against +58.4% a year (rolling over).

FY27-Q1. Revenue grows, with lower depreciation and interest helping profit.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

TGV Sraac Ltd's operating margin was 18.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 9.0% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −4.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY27-Q1. Revenue grows, with lower depreciation and interest helping profit.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 245% of TGV Sraac Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹338 Cr of operating cash against ₹132 Cr of profit. After ₹334 Cr of spending on assets, ₹4.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. The historical cash record supports reinvestment rather than an unexplained accrual-profit story. However, extended payment periods contribute to cash availability and future expansion is described as largely debt funded. Historical conversion reduces concern about reported earnings quality; it does not establish that the next spending program finances itself.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 245% of profit came in as cash: the cash cycle got 31 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.2× depreciation over three years. The next section checks what that spending is building.

TGV Sraac Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 50 days in FY26, down from 81 days in FY21. It spent ₹734 Cr on assets over the last 3 years. Customers take 55 days to pay, and stock sits for 97 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Operating profit recovery precedes the next expansion.

At FY26 sales of ₹1,950 Cr, each day of that cycle ties up about ₹5.3 Cr, so roughly ₹267 Cr is tied up in the business at any time.

FY26: customers took 55 days to pay and stock sat for 97 days, about 3.2 months of sales sitting as stock, for a full cycle of 50 days, shorter than FY21's 81.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 97 days. Customers pay about 55 days after that. Suppliers are paid at 101 days. Together that makes the 50-day cycle.

Spending on assets: ₹734 Cr over the last 3 years, against ₹336 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹220 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

TGV Sraac Ltd's P/E is 9.1×, in the middle of its own history: higher than 46% of past readings. Its usual P/E (the middle reading) is 10.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.