Techprecision (TPCS) Tax Rate (2010 - 2024)
Techprecision's quarterly Tax Rate came in at 21.52% in Q1 2024, up 137.0% year-on-year from 9.08% in Q2 2023, and down 198.78% quarter-over-quarter from 21.79% in Q4 2023.
Techprecision has reported Tax Rate for 15 years, with the latest figure at 21.52% in Q1 2024.
- For the quarter ending Q1 2024, Tax Rate rose 137.0% year-over-year to 21.52%; the trailing twelve-month figure through Sep 2025 stood at 122.56% (changed N/A YoY), and the FY2025 full-year result was 0.07%, up 9.0% from the prior year.
- Tax Rate for Q1 2024 stood at 21.52%, down from 21.79% in the prior quarter.
- The five-year high for Tax Rate was 46.47% in Q1 2020, with the low at 198.79% in Q1 2022.
- Average Tax Rate over 5 years is 1.57%, with a median of 24.32% recorded in 2020.
- Year-over-year, Tax Rate tumbled 14590 bps in 2022 and soared 17589 bps in 2023.
- Tracing TPCS's Tax Rate over 5 years: stood at 21.72% in 2020, then advanced by 24 bps to 26.96% in 2021, then decreased by 4 bps to 25.97% in 2022, then retreated by 16 bps to 21.79% in 2023, then plunged 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 | Ati | 22.19 Bn | 21.90 Bn | 262.90 Mn | 11.79 |
| 2 | Carpenter Technology | 21.71 Bn | 21.41 Bn | 251.80 Mn | 21.00 |
| 3 | Mueller Industries | 14.55 Bn | 13.18 Bn | 358.44 Mn | 24.80 |
| 4 | Esab | 5.57 Bn | 5.43 Bn | 257.79 Mn | 19.79 |
| 5 | Worthington Enterprises | 2.71 Bn | 2.70 Bn | 109.47 Mn | 24.94 |
| 6 | Proto Labs | 1.70 Bn | 1.56 Bn | 63.59 Mn | 28.28 |
| 7 | Mayville Engineering Company | 520.33 Mn | 518.26 Mn | 10.96 Mn | 28.81 |
| 8 | Insteel Industries | 517.83 Mn | 502.74 Mn | 16.49 Mn | 23.29 |
| 9 | Tredegar | 271.32 Mn | 255.71 Mn | 28.99 Mn | 16.39 |
| 10 | Techprecision | 38.93 Mn | 38.86 Mn | 381,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 26.25 |
| Sep 30, 2021 | 26.25 |
| Jun 30, 2021 | 1.90 |
| Jun 30, 2021 | 1.90 |
| Mar 31, 2021 | -52.89 |
| Mar 31, 2021 | -52.89 |
| Dec 31, 2020 | 21.72 |
| Dec 31, 2020 | 21.72 |
| Sep 30, 2020 | 29.13 |
| Sep 30, 2020 | 29.13 |
| Jun 30, 2020 | 24.32 |
| Jun 30, 2020 | 24.32 |
| Mar 31, 2020 | 46.47 |
| Mar 31, 2020 | 46.47 |
| Dec 31, 2019 | 23.41 |
| Dec 31, 2019 | 23.41 |
| Sep 30, 2019 | 26.99 |
| Sep 30, 2019 | 26.99 |
| Jun 30, 2019 | 29.01 |
| Jun 30, 2019 | 29.01 |
| Mar 31, 2019 | -22.60 |
| Mar 31, 2019 | -22.60 |
| Dec 31, 2018 | 13.73 |
| Dec 31, 2018 | 13.73 |
| Sep 30, 2018 | 29.98 |
| Sep 30, 2018 | 29.98 |
| Jun 30, 2018 | 28.35 |
| Jun 30, 2018 | 28.35 |
| Mar 31, 2018 | 24.90 |
| Mar 31, 2018 | 24.90 |
| Dec 31, 2017 | -148.44 |
| Dec 31, 2017 | -148.44 |
| Sep 30, 2017 | 40.01 |
| Sep 30, 2017 | 40.01 |
| Jun 30, 2017 | 40.39 |
| Jun 30, 2017 | 40.39 |
| Mar 31, 2017 | -1,302.39 |
| Mar 31, 2017 | -1,302.39 |
| Dec 31, 2016 | 2.03 |
| Dec 31, 2016 | 2.03 |
| Sep 30, 2016 | 2.06 |
| Sep 30, 2016 | 2.06 |
| Jun 30, 2016 | 2.08 |
| Jun 30, 2016 | 2.08 |
| Mar 31, 2016 | -0.09 |
| Mar 31, 2016 | -0.09 |
| Mar 31, 2015 | 1.06 |
| Mar 31, 2015 | 1.06 |
| Sep 30, 2014 | 19.06 |
| Sep 30, 2014 | 19.06 |
| Mar 31, 2014 | 4.33 |
| Mar 31, 2014 | 4.33 |
| Mar 31, 2013 | -2.93 |
| Mar 31, 2013 | -2.93 |
| Dec 31, 2012 | -8.61 |
| Dec 31, 2012 | -8.61 |
| Sep 30, 2012 | 20.12 |
| Sep 30, 2012 | 20.12 |
| Jun 30, 2012 | 27.46 |
| Jun 30, 2012 | 27.46 |
| Mar 31, 2012 | 55.97 |
| Mar 31, 2012 | 55.97 |
| Dec 31, 2011 | 7.47 |
| Dec 31, 2011 | 7.47 |
| Sep 30, 2011 | 18.87 |
| Sep 30, 2011 | 18.87 |
| Jun 30, 2011 | 40.16 |
| Jun 30, 2011 | 40.16 |
| Mar 31, 2011 | 38.75 |
| Mar 31, 2011 | 38.75 |
| Dec 31, 2010 | 39.44 |
| Dec 31, 2010 | 39.44 |
| Sep 30, 2010 | 36.98 |
| Sep 30, 2010 | 36.98 |
| Jun 30, 2010 | 34.48 |
| Jun 30, 2010 | 34.48 |