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| 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% |