TCPL Packaging Ltd

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

TCPL Packaging Ltd

₹ 3,462 -4.69%
01 Aug 2:27 p.m.
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 ₹ 3,150 Cr.
  • Current Price ₹ 3,462
  • High / Low ₹ 4,910 / 2,746
  • Stock P/E 23.6
  • Book Value ₹ 707
  • Dividend Yield 0.83 %
  • ROCE 19.9 %
  • ROE 24.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 31.2% CAGR over last 5 years
  • 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.

Peer comparison

Industrials Capital Goods Industrial Products Packaging

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
342 362 378 393 371 406 364 401 406 463 480 422 425
288 304 318 329 310 341 309 330 334 386 409 350 352
Operating Profit 54 58 60 64 61 65 55 70 71 77 71 72 73
OPM % 16% 16% 16% 16% 17% 16% 15% 18% 18% 17% 15% 17% 17%
4 20 2 2 1 3 7 1 2 1 12 4 2
Interest 11 11 12 13 14 13 15 14 13 14 15 18 26
Depreciation 16 16 16 17 16 18 18 19 19 19 19 18 20
Profit before tax 32 50 34 36 32 37 28 38 41 45 48 39 29
Tax % 29% 21% 29% 32% 26% 22% 31% 24% 23% 20% 22% 4% 23%
22 40 24 24 24 28 19 29 32 36 38 38 22
EPS in Rs 24.98 43.48 26.88 26.71 26.13 31.21 21.14 31.47 34.86 39.05 41.46 41.78 24.53
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
890 904 1,086 1,475 1,541 1,770 1,789
764 770 931 1,239 1,290 1,476 1,497
Operating Profit 126 133 155 236 252 294 292
OPM % 14% 15% 14% 16% 16% 17% 16%
2 3 3 27 10 14 19
Interest 37 37 34 48 56 58 73
Depreciation 48 52 56 64 72 75 76
Profit before tax 42 47 68 152 135 174 161
Tax % 14% 29% 31% 27% 26% 18%
37 33 47 110 99 143 134
EPS in Rs 40.13 36.78 52.03 122.05 109.22 157.15 146.82
Dividend Payout % 10% 20% 19% 16% 20% 19%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 18%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 46%
TTM: 24%
Stock Price CAGR
10 Years: 19%
5 Years: 67%
3 Years: 53%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: %
3 Years: 23%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9 9 9
Reserves 291 331 433 514 635
321 463 501 504 651
217 268 274 299 317
Total Liabilities 838 1,072 1,217 1,326 1,612
448 541 580 696 771
CWIP 11 48 44 7 64
Investments 0 0 0 0 0
379 482 593 623 776
Total Assets 838 1,072 1,217 1,326 1,612

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
111 97 109 234 133
-41 -195 -90 -157 -150
-67 101 -22 -76 18
Net Cash Flow 3 3 -2 1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 72 77 73 82 95
Inventory Days 101 102 99 85 78
Days Payable 98 93 67 75 78
Cash Conversion Cycle 74 86 106 92 95
Working Capital Days 2 -2 13 18 24
ROCE % 14% 21% 19% 20%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74% 55.74%
0.80% 0.95% 0.69% 0.61% 0.71% 0.74% 0.80% 0.78% 0.93% 0.91% 1.18% 0.94%
3.37% 3.94% 3.99% 3.99% 5.94% 6.49% 8.01% 9.20% 11.35% 11.68% 11.55% 11.63%
40.10% 39.13% 39.34% 39.41% 37.37% 36.80% 35.22% 34.05% 31.75% 31.45% 31.32% 31.48%
0.00% 0.25% 0.25% 0.25% 0.25% 0.25% 0.24% 0.23% 0.23% 0.23% 0.22% 0.22%
No. of Shareholders 15,18917,65917,60018,12315,67415,68614,54514,08213,77414,27716,18516,835

* 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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