Tamil Nadu Newsprint & Papers Ltd

About [ edit ]

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

  • Market Cap 991 Cr.
  • Current Price 143
  • High / Low 156 / 85.0
  • Stock P/E
  • Book Value 237
  • Dividend Yield 4.19 %
  • ROCE 11.0 %
  • ROE 7.78 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.60 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.20% over past five years.
  • Company has a low return on equity of 4.58% for last 3 years.
  • Contingent liabilities of Rs.805.98 Cr.

Peer comparison

Sector: Paper Industry: Paper

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,051 925 1,006 1,103 1,048 951 777 842 901 496 597 550
890 781 886 920 847 735 640 697 792 424 513 530
Operating Profit 161 144 120 184 202 216 137 145 110 73 84 20
OPM % 15% 16% 12% 17% 19% 23% 18% 17% 12% 15% 14% 4%
Other Income 12 10 8 10 -62 10 7 8 12 5 10 38
Interest 58 59 61 58 56 54 53 54 61 50 50 48
Depreciation 57 56 57 57 56 57 58 58 58 58 59 58
Profit before tax 58 39 10 79 27 114 33 41 2 -31 -15 -48
Tax % 43% 36% 36% 37% 50% 33% 35% 28% 2% 35% 34% 35%
Net Profit 33 25 7 50 13 77 22 30 2 -20 -10 -32
EPS in Rs 4.78 3.57 0.94 7.18 1.95 11.14 3.12 4.26 0.27 -2.89 -1.38 -4.57
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
1,066 1,026 1,208 1,492 1,861 2,285 2,136 2,418 2,958 3,098 4,083 3,471 2,545
812 762 892 1,172 1,459 1,779 1,630 1,851 2,229 2,693 3,434 2,863 2,258
Operating Profit 254 264 316 319 402 506 506 567 729 405 649 608 287
OPM % 24% 26% 26% 21% 22% 22% 24% 23% 25% 13% 16% 18% 11%
Other Income 54 56 47 116 20 17 17 22 37 34 -34 36 65
Interest 49 46 44 141 121 128 155 122 252 245 233 223 209
Depreciation 101 116 123 169 175 192 137 144 208 222 227 231 234
Profit before tax 158 158 195 125 126 203 230 324 306 -28 155 191 -92
Tax % 32% 20% 24% 13% 27% 20% 28% 20% 14% -51% 39% 32%
Net Profit 107 126 149 109 91 161 167 260 265 -42 94 130 -59
EPS in Rs 15.52 18.21 21.53 15.74 13.22 23.29 24.09 37.54 38.23 -6.09 13.64 18.79 -8.57
Dividend Payout % 29% 25% 23% 32% 38% 26% 25% 20% 20% -82% 55% 0%
Compounded Sales Growth
10 Years:13%
5 Years:10%
3 Years:5%
TTM:-30%
Compounded Profit Growth
10 Years:1%
5 Years:-5%
3 Years:-21%
TTM:-151%
Stock Price CAGR
10 Years:1%
5 Years:-8%
3 Years:-26%
1 Year:-6%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:5%
Last Year:8%

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 Sep 2020
69 69 69 69 69 69 69 69 69 69 69 69 69
Reserves 595 735 846 901 966 1,077 1,132 1,440 1,635 1,534 1,582 1,644 1,571
Borrowings 806 1,363 1,488 1,734 1,500 1,475 2,066 2,687 2,823 2,426 1,959 2,205 1,770
524 544 671 850 945 1,092 1,430 1,222 1,106 1,496 1,921 1,659 2,381
Total Liabilities 1,995 2,712 3,075 3,555 3,481 3,713 4,697 5,419 5,634 5,525 5,531 5,577 5,791
1,221 1,244 2,195 2,178 2,105 2,433 2,410 2,432 4,099 4,071 3,888 3,734 3,632
CWIP 263 852 98 309 457 95 631 1,815 59 18 14 62 290
Investments 1 11 1 1 1 1 1 6 1 1 1 0 0
510 604 781 1,067 918 1,183 1,656 1,166 1,475 1,435 1,628 1,780 1,868
Total Assets 1,995 2,712 3,075 3,555 3,481 3,713 4,697 5,419 5,634 5,525 5,531 5,577 5,791

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
145 208 275 306 632 524 404 620 284 833 819 241
-279 -702 -268 -282 -195 -284 -741 -894 -90 -115 -47 -207
128 495 -14 -17 -432 -252 345 270 -253 -574 -849 -36
Net Cash Flow -5 2 -7 7 5 -12 8 -4 -59 144 -77 -1

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 % 14% 11% 9% 7% 9% 13% 13% 12% 13% 5% 12% 11%
Debtor Days 58 71 62 89 54 60 86 73 66 71 39 55
Inventory Turnover 2.53 2.04 2.43 2.27 2.69 4.72 3.19 3.26 2.70 3.23 3.06 1.95

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32 35.32
8.73 8.35 8.09 7.72 6.52 6.15 4.99 5.26 5.04 1.51 1.55 1.31
30.14 29.26 28.72 30.00 30.84 30.52 31.99 31.20 30.85 29.20 28.27 29.22
4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06
21.75 23.02 23.81 22.90 23.26 23.95 23.64 24.16 24.73 29.91 30.80 30.10

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