Tamil Nadu Newsprint & Papers Ltd

₹ 192 4.00%
01 Jul - close price
About

Tamil Nadu Newsprint & Papers Ltd is in the business of manufacture and marketing of Paper, Paper Board, Cement and Generation of Power.[1]

Key Points

Product Portfolio
The company produces a wide portfolio of high quality papers for printing and writing; and coated and uncoated paperboards best suited for packaging industry.[1]

  • Market Cap 1,332 Cr.
  • Current Price 192
  • High / Low 227 / 112
  • Stock P/E 93.0
  • Book Value 230
  • Dividend Yield 2.08 %
  • ROCE 4.37 %
  • ROE 0.90 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.84 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 64.46%
  • Debtor days have improved from 42.88 to 23.38 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.33% over past five years.
  • Company has a low return on equity of 1.25% for last 3 years.
  • Contingent liabilities of Rs.505.07 Cr.
  • Company might be capitalizing the interest cost

* 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

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
951 777 842 901 496 597 550 1,124 632 930 1,085 1,374
735 640 697 792 424 513 530 1,041 569 837 994 1,262
Operating Profit 216 137 145 110 73 84 20 83 63 93 91 112
OPM % 23% 18% 17% 12% 15% 14% 4% 7% 10% 10% 8% 8%
10 7 8 12 5 10 38 17 14 12 8 15
Interest 54 53 54 61 50 50 48 45 41 40 39 36
Depreciation 57 58 58 58 58 59 58 60 57 58 58 56
Profit before tax 114 33 41 2 -31 -15 -48 -5 -21 7 2 34
Tax % 33% 35% 28% 2% 35% 34% 35% 21% 34% 37% 48% 33%
Net Profit 77 22 30 2 -20 -10 -32 -4 -14 5 1 22
EPS in Rs 11.14 3.12 4.26 0.27 -2.89 -1.38 -4.57 -0.57 -1.99 0.68 0.13 3.24

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,208 1,492 1,861 2,285 2,136 2,418 2,958 3,098 4,083 3,471 2,768 4,020
924 1,172 1,459 1,779 1,630 1,851 2,229 2,693 3,434 2,863 2,508 3,662
Operating Profit 285 320 402 506 506 567 729 405 649 608 260 358
OPM % 24% 21% 22% 22% 24% 23% 25% 13% 16% 18% 9% 9%
78 116 20 17 17 22 37 34 -34 36 70 49
Interest 44 141 121 128 155 122 252 245 233 223 193 156
Depreciation 123 169 175 192 137 144 208 222 227 231 235 229
Profit before tax 195 125 126 203 230 324 306 -28 155 191 -99 22
Tax % 24% 13% 27% 20% 28% 20% 14% -51% 39% 32% 34% 35%
Net Profit 149 109 91 161 167 260 265 -42 94 130 -65 14
EPS in Rs 21.53 15.74 13.22 23.29 24.09 37.54 38.23 -6.09 13.64 18.79 -9.41 2.07
Dividend Payout % 23% 32% 38% 26% 25% 20% 20% -82% 55% 32% -32% 193%
Compounded Sales Growth
10 Years: 10%
5 Years: 6%
3 Years: -1%
TTM: 45%
Compounded Profit Growth
10 Years: -11%
5 Years: -44%
3 Years: -53%
TTM: 117%
Stock Price CAGR
10 Years: 6%
5 Years: -10%
3 Years: 2%
1 Year: 23%
Return on Equity
10 Years: 8%
5 Years: 2%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
69 69 69 69 69 69 69 69 69 69 69 69
Reserves 846 901 966 1,077 1,132 1,440 1,635 1,534 1,582 1,644 1,527 1,520
1,488 1,734 1,500 1,475 2,066 2,687 2,823 2,426 1,959 2,205 2,733 2,239
671 850 945 1,092 1,430 1,222 1,106 1,496 1,921 1,659 1,653 1,946
Total Liabilities 3,075 3,555 3,481 3,713 4,697 5,419 5,634 5,525 5,531 5,577 5,983 5,774
2,195 2,178 2,105 2,433 2,410 2,432 4,099 4,071 3,888 3,734 3,515 3,303
CWIP 98 309 457 95 631 1,815 59 18 14 62 939 1,357
Investments 1 1 1 1 1 6 1 1 1 0 1 1
781 1,067 918 1,183 1,656 1,166 1,475 1,435 1,628 1,780 1,528 1,113
Total Assets 3,075 3,555 3,481 3,713 4,697 5,419 5,634 5,525 5,531 5,577 5,983 5,774

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
275 306 632 524 404 620 284 833 819 241 423 1,111
-268 -282 -195 -284 -741 -894 -90 -115 -47 -207 -682 -353
-14 -17 -432 -252 345 270 -253 -574 -849 -36 333 -760
Net Cash Flow -7 7 5 -12 8 -4 -59 144 -77 -1 74 -2

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 62 89 54 60 86 73 66 71 39 55 50 23
Inventory Days 465 741 248 129 224 155 269 142 229 286 269 77
Days Payable 451 629 308 190 197 193 215 166 153 180 200 194
Cash Conversion Cycle 77 200 -6 -2 113 36 120 47 115 162 119 -94
Working Capital Days 9 28 -23 -27 4 1 14 -38 -45 -9 -46 -49
ROCE % 9% 7% 9% 13% 13% 12% 13% 5% 12% 11% 2% 4%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32
6.15 4.99 5.26 5.04 1.51 1.55 1.31 1.05 1.08 0.93 0.99 1.45
30.52 31.99 31.20 30.85 29.20 28.27 29.22 25.55 24.18 21.67 21.13 20.09
4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06
23.95 23.64 24.16 24.73 29.91 30.80 30.10 34.02 35.37 38.03 38.50 39.08

Documents