TCPL Packaging Ltd
TCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels.
TCPL Packaging is promoted by the Kanoria family, which has varied business interests such as jute, tea, textiles, pharmaceuticals, and chemicals. In 1990, the Kanoria family [1], which holds a 55.74% stake in the company as of September 30, 2020 [2] ventured into folding cartons manufacturing, with a unit in Silvassa. [1]. TCPL is a leading supplier to the tobacco, liquor, consumer goods, and food packaging industry in India [3].
- Market Cap ₹ 1,895 Cr.
- Current Price ₹ 2,072
- High / Low ₹ 2,499 / 1,343
- Stock P/E 19.7
- Book Value ₹ 523
- Dividend Yield 0.97 %
- ROCE 20.7 %
- ROE 24.9 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 18.5%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
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890 | 904 | 1,086 | 1,475 | 1,533 | |
764 | 770 | 931 | 1,239 | 1,289 | |
Operating Profit | 126 | 133 | 155 | 236 | 245 |
OPM % | 14% | 15% | 14% | 16% | 16% |
2 | 3 | 3 | 27 | 12 | |
Interest | 37 | 37 | 34 | 48 | 55 |
Depreciation | 48 | 52 | 56 | 64 | 70 |
Profit before tax | 42 | 47 | 68 | 152 | 133 |
Tax % | 14% | 29% | 31% | 27% | |
37 | 33 | 47 | 110 | 96 | |
EPS in Rs | 40.13 | 36.78 | 52.03 | 122.05 | 106.21 |
Dividend Payout % | 10% | 20% | 19% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 18% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 39% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 39% |
3 Years: | 65% |
1 Year: | 31% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 |
Reserves | 291 | 331 | 433 | 467 |
321 | 463 | 501 | 585 | |
217 | 268 | 274 | 276 | |
Total Liabilities | 838 | 1,072 | 1,217 | 1,337 |
448 | 541 | 580 | 667 | |
CWIP | 11 | 48 | 44 | 8 |
Investments | 0 | 0 | 0 | 0 |
379 | 482 | 593 | 661 | |
Total Assets | 838 | 1,072 | 1,217 | 1,337 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
111 | 97 | 109 | ||
-41 | -195 | -90 | ||
-67 | 101 | -22 | ||
Net Cash Flow | 3 | 3 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 72 | 77 | 73 | |
Inventory Days | 101 | 102 | 99 | |
Days Payable | 98 | 93 | 67 | |
Cash Conversion Cycle | 74 | 86 | 106 | |
Working Capital Days | 73 | 80 | 87 | |
ROCE % | 14% | 21% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 5m
- Outcome 10m
- Board Meeting Outcome for Outcome Of Board Meeting 17m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 May - Of Schedule of Conference Call to be held on Wednesday, 29th May 2024
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptNotesPPT
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Feb 2021TranscriptPPT
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Aug 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Jun 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Aug 2019TranscriptPPT
Revenue Mix FY23
Folding cartons: ~85%
Flexible packaging: ~15% [1]