TCPL Packaging Ltd

TCPL Packaging Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TCPL Packaging Ltd

₹ 2,628 0.69%
05 Jun - close price
tcpl.in BSE: 523301 NSE: TCPLPACK
About

Incorporated in 1987, TCPL Packaging Ltd manufactures paperboard-based packaging materials and flexible packaging products[1]

Key Points

Business Overview:[1][2]
a) TCPL is India’s largest folding carton manufacturer and convertor of paperboard.
b) It produces sustainable packaging solutions for customers across industries.
c) It provides paperboard-based packaging solutions including folding cartons, printed
blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging.
d) The company has also ventured into the flexible packaging industry, with capability to produce printed cork-tipping paper, laminates,
sleeves, and wrap-around labels

Website BSE NSE
  • Market Cap ₹ 2,391 Cr.
  • Current Price ₹ 2,628
  • High / Low ₹ 3,950 / 2,200
  • Stock P/E 22.4
  • Book Value ₹ 791
  • Dividend Yield 1.14 %
  • ROCE 17.9 %
  • ROE 15.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 20.8%

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.

Peer comparison

Industrials Capital Goods Industrial Products Packaging

Part of BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
381 361 391 354 384 391 439 458 410 409 438 453 436
315 300 327 296 318 321 362 387 339 338 371 374 369
Operating Profit 66 60 64 59 66 69 76 70 70 71 67 79 67
OPM % 17% 17% 16% 17% 17% 18% 17% 15% 17% 17% 15% 17% 15%
1 1 4 2 5 3 1 12 2 3 10 -8 10
Interest 12 13 13 14 14 13 13 15 17 26 19 15 17
Depreciation 16 16 18 17 18 18 18 19 18 19 21 20 20
Profit before tax 39 33 37 30 39 42 45 49 37 29 37 35 40
Tax % 29% 27% 22% 30% 25% 23% 20% 22% 6% 22% 23% 29% 47%
28 24 29 21 29 32 36 38 35 23 28 25 21
EPS in Rs 30.29 26.44 31.62 22.85 31.98 35.11 39.35 41.99 38.79 24.98 31.13 27.42 23.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
498 593 613 698 816 890 904 1,076 1,432 1,491 1,696 1,736
416 492 516 613 711 764 770 920 1,196 1,242 1,409 1,453
Operating Profit 82 101 97 85 105 126 134 156 236 249 287 284
OPM % 17% 17% 16% 12% 13% 14% 15% 15% 16% 17% 17% 16%
-0 -0 1 2 1 2 3 2 27 11 15 14
Interest 17 20 22 25 28 37 37 33 44 54 56 77
Depreciation 22 25 29 35 36 48 52 55 61 69 73 80
Profit before tax 43 55 46 27 42 42 48 70 158 137 173 141
Tax % 25% 31% 30% 25% 31% 14% 29% 30% 26% 26% 18% 31%
32 38 32 20 29 37 34 49 118 102 141 97
EPS in Rs 37.00 44.00 37.32 22.22 31.81 40.13 37.08 54.13 129.16 111.58 155.24 106.79
Dividend Payout % 16% 17% 17% 17% 16% 10% 20% 18% 15% 20% 19% 23%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 7%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 26%
3 Years: 1%
TTM: -24%
Stock Price CAGR
10 Years: 17%
5 Years: 40%
3 Years: 20%
1 Year: -30%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 20%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 105 136 170 207 232 260 292 335 443 521 640 711
180 235 303 298 320 356 321 421 459 484 614 599
103 105 119 123 155 174 218 240 250 288 305 338
Total Liabilities 397 485 601 637 716 799 839 1,006 1,161 1,303 1,568 1,657
228 282 365 358 418 452 448 504 496 644 703 827
CWIP 2 9 4 6 0 1 11 5 44 7 64 10
Investments 0 0 0 0 0 0 4 28 47 45 53 60
168 194 231 273 298 346 375 468 574 607 747 760
Total Assets 397 485 601 637 716 799 839 1,006 1,161 1,303 1,568 1,657

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
69 72 80 48 81 86 115 77 119 236 140 285
-61 -86 -112 -33 -69 -72 -46 -138 -101 -182 -157 -142
-6 13 32 -15 -11 -16 -67 60 -18 -51 19 -140
Net Cash Flow 2 -1 0 -0 2 -2 3 -1 -1 3 2 3
Free Cash Flow 9 -13 -29 18 -9 25 61 -27 30 64 -15 139
CFO/OP 95% 81% 93% 63% 87% 75% 96% 60% 66% 110% 64% 114%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 60 60 61 69 66 66 72 78 74 84 96 89
Inventory Days 76 76 109 98 92 94 101 98 96 84 77 84
Days Payable 79 61 84 67 65 62 98 88 66 75 78 75
Cash Conversion Cycle 58 74 86 100 93 98 74 87 105 93 94 98
Working Capital Days -15 -13 -14 -3 -8 -2 2 4 16 20 24 27
ROCE % 22% 22% 16% 11% 13% 13% 14% 15% 22% 20% 20% 18%

Insights

In beta
Mar 2015 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Manufacturing Plants
Number

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Export Share of Total Revenue
%
Number of Employees
Number
Net Working Capital Days
Days
Flexible Packaging Revenue Contribution
%
Installed Solar Power Capacity
MW

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Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74%
0.61% 0.71% 0.74% 0.80% 0.78% 0.93% 0.91% 1.18% 0.94% 0.92% 0.96% 1.04%
3.99% 5.94% 6.49% 8.01% 9.20% 11.35% 11.68% 11.55% 11.63% 12.15% 12.66% 13.56%
39.41% 37.37% 36.80% 35.22% 34.05% 31.75% 31.45% 31.32% 31.48% 30.96% 30.42% 29.45%
0.25% 0.25% 0.25% 0.24% 0.23% 0.23% 0.23% 0.22% 0.22% 0.22% 0.21% 0.21%
No. of Shareholders 18,12315,67415,68614,54514,08213,77414,27716,18516,83516,48615,98815,717

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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