What is this tax demand for?

It is under the Haryana Tax on Entry of Goods Act for the assessment year 2015-16, demanding ₹80.22 lakh in tax plus an equal amount as interest.

How significant is ₹1.60 cr for Hindustan Tin Works?

It represents about 1.43% of its ₹112 cr market cap and is modest compared to quarterly sales of ₹96 cr. The company says there is no material impact on operations.

What happened with the previous GST demand of ₹6.47 cr?

That contingent liability was fully extinguished in June 2026, meaning the company did not end up paying it.

Will this demand affect Hindustan Tin Works' profits?

Not immediately. The company is challenging the order and expects a favourable outcome. If it loses, the ₹1.60 cr could hit profits, but relative to trailing PAT of ₹1 cr per quarter, it would be significant.

Why did the tax authority issue this demand after nine years?

The assessment is for AY 2015-16, which is the financial year 2015-16. Tax assessments can take years to complete due to delays in processing and litigation.

Order Wins · Engineering - Industrial Equipments · Micro cap

Hindustan Tin Works faces ₹1.60 cr entry tax demand

The assessment order for AY 2015-16 under Haryana Entry Tax raises questions about tax disputes, though the company expects a favourable outcome and the amount is modest relative to its ₹112 cr market cap.

— 1 earlier story on Hindustan Tin Works Ltd. →

HINDTINWRK By Tipsheet Editorial 4 Jul 2026 · 11:46 AM IST Verify on BSE · NSE

Mkt cap₹111 cr

P/E13.30×

ROE5.70%

Debt / eq.0.36

Div yld0.70%

₹1.60 cr Total tax demand plus interest

What's new

Received assessment order from Excise & Taxation Officer in Sonipat for AY 2015-16.
Tax demand of ₹80.22 lakh plus equal interest, total ₹1.60 cr.
Company plans to appeal and expects no material impact on operations.

Why this matters

This fresh demand comes after a ₹6.47 cr GST liability was extinguished earlier this year. While 1.43% of market cap is above the materiality threshold, the sum is manageable for a company with ₹96 cr quarterly sales. The outcome of the appeal will determine if this becomes a cash outlay or just a footnote.

What we're watching

Whether the appellate authority rules in favour of Hindustan Tin Works.
Any further tax demands for other assessment years.
The company's track record of successfully contesting such orders.

The full read

Hindustan Tin Works, a nano-cap with a ₹112 cr market cap, has received a tax demand of ₹1.60 cr under the Haryana Entry Tax Act for AY 2015-16. The order from the Excise & Taxation Officer in Sonipat comprises ₹80.22 lakh in tax and an equal amount of interest. The company will appeal and sees no material impact. At 1.43% of market cap, the sum is above the 1% materiality threshold but manageable against ₹96 cr in quarterly sales. This comes after a larger ₹6.47 cr GST liability was fully extinguished earlier this year. The pattern of tax disputes may nag, but for now the cash is still in the till.

Questions answered

What is this tax demand for?: It is under the Haryana Tax on Entry of Goods Act for the assessment year 2015-16, demanding ₹80.22 lakh in tax plus an equal amount as interest.
How significant is ₹1.60 cr for Hindustan Tin Works?: It represents about 1.43% of its ₹112 cr market cap and is modest compared to quarterly sales of ₹96 cr. The company says there is no material impact on operations.
What happened with the previous GST demand of ₹6.47 cr?: That contingent liability was fully extinguished in June 2026, meaning the company did not end up paying it.
Will this demand affect Hindustan Tin Works' profits?: Not immediately. The company is challenging the order and expects a favourable outcome. If it loses, the ₹1.60 cr could hit profits, but relative to trailing PAT of ₹1 cr per quarter, it would be significant.
Why did the tax authority issue this demand after nine years?: The assessment is for AY 2015-16, which is the financial year 2015-16. Tax assessments can take years to complete due to delays in processing and litigation.

Mentioned: Excise & Taxation Officer · Sonipat · Haryana Tax on Entry of Goods Act

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Hindustan Tin Works Ltd.

Engineering & Capital Goods

₹111 cr

P/E 13.33×

Latest quarter · Mar 2026

Sales₹96 cr

Net profit₹1 cr

Op. margin+5.5%

EPS₹1.37

Strength & growth

Debt / equity0.36×

Current ratio2.35×

Sales CAGR+3.5%

EPS CAGR−4.8%

Story so far

All notes on HINDTINWRK →

4 Jul 2026 · 11:46 AM IST Hindustan Tin Works faces ₹1.60 cr entry tax demand
29d ago Hindustan Tin Works escapes ₹6.47 cr GST hit from Haryana authorities.