TCPL Packaging Ltd

About

TCPL Packaging is activity is in single segment of packaging printing.

  • Market Cap 346 Cr.
  • Current Price 380
  • High / Low 465 / 130
  • Stock P/E 10.8
  • Book Value 296
  • Dividend Yield 1.05 %
  • ROCE 13.5 %
  • ROE 14.4 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 12.66% for last 3 years.
  • Dividend payout has been low at 14.37% of profits over last 3 years

Peer comparison

Sector: Packaging Industry: Packaging

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
181.05 189.07 185.08 182.75 213.98 212.91 206.18 211.56 227.32 237.96 212.95 169.53
158.13 164.88 166.99 159.32 183.63 185.17 183.48 184.33 193.60 200.54 185.34 146.00
Operating Profit 22.92 24.19 18.09 23.43 30.35 27.74 22.70 27.23 33.72 37.42 27.61 23.53
OPM % 12.66% 12.79% 9.77% 12.82% 14.18% 13.03% 11.01% 12.87% 14.83% 15.73% 12.97% 13.88%
Other Income 0.00 0.29 0.82 0.19 0.47 0.85 0.00 0.43 0.76 0.09 0.83 0.25
Interest 6.11 6.00 5.83 7.41 7.67 6.69 6.56 8.84 8.65 10.08 9.83 9.94
Depreciation 8.33 8.73 8.93 8.41 8.72 9.09 9.50 11.41 11.85 12.71 12.43 12.80
Profit before tax 8.48 9.75 4.15 7.80 14.43 12.81 6.64 7.41 13.98 14.72 6.18 1.04
Tax % 30.54% 26.36% 2.17% 36.03% 23.70% 42.70% 15.51% 27.13% 38.77% 27.79% -93.20% 32.69%
Net Profit 5.89 7.18 4.05 4.99 11.01 7.33 5.61 5.39 8.57 10.63 11.94 0.70
EPS in Rs 6.47 7.89 4.45 5.48 12.10 8.05 6.16 5.92 9.42 11.68 13.12 0.77
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
157 186 240 283 373 395 498 593 613 698 816 890 848
136 162 206 242 318 333 416 492 516 613 711 763 725
Operating Profit 21 24 34 41 56 61 82 101 97 85 104 126 122
OPM % 13% 13% 14% 15% 15% 16% 17% 17% 16% 12% 13% 14% 14%
Other Income 3 3 1 1 2 -0 -0 -0 1 2 1 2 2
Interest 8 7 11 13 16 18 17 20 22 25 28 37 38
Depreciation 11 12 15 18 20 24 22 25 29 35 36 48 50
Profit before tax 5 8 10 11 20 20 43 55 46 27 42 42 36
Tax % 29% 44% 35% 32% 34% 37% 25% 31% 30% 25% 31% 14%
Net Profit 3 4 6 8 14 12 32 38 32 20 29 37 32
EPS in Rs 4.54 5.54 7.53 8.86 15.53 14.37 37.00 44.00 37.32 22.22 31.81 40.13 34.99
Dividend Payout % 33% 27% 20% 23% 17% 17% 16% 17% 17% 17% 16% 10%
Compounded Sales Growth
10 Years:17%
5 Years:12%
3 Years:13%
TTM:0%
Compounded Profit Growth
10 Years:23%
5 Years:3%
3 Years:4%
TTM:9%
Stock Price CAGR
10 Years:23%
5 Years:-8%
3 Years:-16%
1 Year:39%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:13%
Last Year:14%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8 8 8 9 9 9 9 9 9 9 9 9
Reserves 41 45 50 58 69 79 105 136 170 207 232 260
Borrowings 66 76 96 126 153 158 180 235 303 298 320 356
36 42 39 55 62 75 103 105 119 123 155 174
Total Liabilities 150 170 193 247 293 321 397 485 601 637 716 799
91 104 110 146 161 183 228 282 365 358 418 452
CWIP 1 2 6 3 1 4 2 9 4 6 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
58 65 78 98 131 134 168 194 231 273 298 346
Total Assets 150 170 193 247 293 321 397 485 601 637 716 799

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
15 20 27 33 24 55 69 72 80 48 81 86
-4 -27 -26 -51 -31 -43 -61 -86 -112 -33 -69 -72
-11 7 -1 19 7 -12 -6 13 32 -15 -11 -16
Net Cash Flow -0 -0 -0 0 -0 0 2 -1 0 -0 2 -2

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 13% 14% 14% 17% 16% 22% 22% 16% 11% 13% 13%
Debtor Days 53 58 57 60 69 68 60 60 61 69 66 66
Inventory Turnover 4.25 4.56 5.25 5.05 5.52 5.09 5.47 5.33 4.12 4.13 4.36 4.20

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
55.74 55.74 55.74 55.74 55.74 55.74 55.74 55.74 55.74 55.74 55.74 55.74
0.04 0.21 0.86 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.65 0.58
4.85 5.76 5.49 6.05 6.80 7.49 7.53 7.71 7.77 7.96 7.96 7.86
39.38 38.30 37.92 37.57 36.82 36.12 36.08 35.90 35.84 35.65 35.65 35.83

Documents