Techprecision (TPCS) Tax Rate (2010 - 2024)

Techprecision (TPCS) recorded quarterly Tax Rate of 21.52% in Q1 2024, down 198.78% quarter-over-quarter from 21.79% in Q4 2023, and up 137.0% on a YoY basis from 9.08% in Q2 2023.

Techprecision (TPCS) Tax Rate (2010 - 2024) Analysis & Trends

Techprecision's Tax Rate history runs 15 years deep, the most recent figure standing at 21.52% for Q1 2024.

  • In Q1 2024, Tax Rate rose 137.0% year-over-year to 21.52%; the TTM figure through Sep 2025 stood at 122.56% (changed N/A YoY), while the FY2025 annual figure was 0.07%, up 9.0% from the prior year.
  • Tax Rate was 21.52% for Q1 2024 at Techprecision, down from 21.79% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 46.47% in Q1 2020 to a low of 198.79% in Q1 2022.
  • Historically, Tax Rate has averaged 1.57% across 5 years, with a median of 24.32% in 2020.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 14590 bps in 2022, then jumped 17589 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 21.72% in 2020, then gained by 24 bps to 26.96% in 2021, then retreated by 4 bps to 25.97% in 2022, then fell by 16 bps to 21.79% in 2023, then sank by 199 bps to 21.52% in 2024.
  • The last three Tax Rate figures came in at 21.52% (Q1 2024), 21.79% (Q4 2023), and 25.11% (Q3 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Carpenter Technology 29.34 Bn 29.04 Bn 251.80 Mn 21.00
2 Ati 27.51 Bn 27.23 Bn 262.90 Mn 11.79
3 Mueller Industries 14.99 Bn 13.61 Bn 358.44 Mn 24.80
4 Commercial Metals 8.04 Bn 7.54 Bn 387.91 Mn 15.23
5 Esab 6.48 Bn 6.34 Bn 257.79 Mn 19.79
6 Gpgi 3.86 Bn 3.85 Bn - -4.66
7 Worthington Enterprises 2.96 Bn 2.95 Bn 109.47 Mn 24.94
8 Proto Labs 1.93 Bn 1.79 Bn 63.59 Mn 28.28
9 Ryerson Holding 1.17 Bn 1.15 Bn 288.80 Mn 62.12
10 Techprecision 33.20 Mn 33.13 Mn 381,000.00 -

Historic Data

Download Data
DateValue
Mar 31, 2024 -21.52%
Mar 31, 2024 -21.52%
Dec 31, 2023 21.79%
Dec 31, 2023 21.79%
Sep 30, 2023 25.11%
Sep 30, 2023 25.11%
Jun 30, 2023 21.73%
Jun 30, 2023 21.73%
Mar 31, 2023 -22.89%
Mar 31, 2023 -22.89%
Dec 31, 2022 25.97%
Dec 31, 2022 25.97%
Sep 30, 2022 25.74%
Sep 30, 2022 25.74%
Jun 30, 2022 25.74%
Jun 30, 2022 25.74%
Mar 31, 2022 -198.79%
Mar 31, 2022 -198.79%
Dec 31, 2021 26.96%
Dec 31, 2021 26.96%