Tamil Nadu Newsprint & Papers Ltd

₹ 247 -1.02%
02 Dec - 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 1,711 Cr.
  • Current Price 247
  • High / Low 284 / 112
  • Stock P/E 8.75
  • Book Value 250
  • Dividend Yield 1.62 %
  • ROCE 4.37 %
  • ROE 0.90 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.99 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 64.6%
  • Debtor days have improved from 42.9 to 23.4 days.

Cons

  • The company has delivered a poor sales growth of 6.33% over past five years.
  • Company has a low return on equity of 1.24% over last 3 years.
  • 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
777 842 901 496 597 550 1,124 632 930 1,085 1,374 1,128 1,379
640 697 792 424 513 530 1,041 569 837 994 1,262 960 1,105
Operating Profit 137 145 110 73 84 20 83 63 93 91 112 168 274
OPM % 18% 17% 12% 15% 14% 4% 7% 10% 10% 8% 8% 15% 20%
7 8 12 5 10 38 17 14 12 8 15 8 9
Interest 53 54 61 50 50 48 45 41 40 39 36 27 44
Depreciation 58 58 58 58 59 58 60 57 58 58 56 57 67
Profit before tax 33 41 2 -31 -15 -48 -5 -21 7 2 34 93 173
Tax % 35% 28% 2% 35% 34% 35% 21% 34% 37% 48% 33% 35% 35%
Net Profit 22 30 2 -20 -10 -32 -4 -14 5 1 22 60 112
EPS in Rs 3.12 4.26 0.27 -2.89 -1.38 -4.57 -0.57 -1.99 0.68 0.13 3.24 8.73 16.15
Raw PDF

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 TTM
1,208 1,492 1,861 2,285 2,136 2,418 2,958 3,098 4,083 3,471 2,768 4,020 4,965
924 1,172 1,459 1,779 1,630 1,851 2,229 2,693 3,434 2,863 2,508 3,662 4,321
Operating Profit 285 320 402 506 506 567 729 405 649 608 260 358 644
OPM % 24% 21% 22% 22% 24% 23% 25% 13% 16% 18% 9% 9% 13%
78 116 20 17 17 22 37 34 -34 36 70 49 40
Interest 44 141 121 128 155 122 252 245 233 223 193 156 146
Depreciation 123 169 175 192 137 144 208 222 227 231 235 229 237
Profit before tax 195 125 126 203 230 324 306 -28 155 191 -99 22 301
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 14 196
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 28.25
Dividend Payout % 23% 32% 38% 26% 25% 20% 20% -82% 55% 32% -32% 194%
Compounded Sales Growth
10 Years: 10%
5 Years: 6%
3 Years: -1%
TTM: 53%
Compounded Profit Growth
10 Years: -11%
5 Years: -44%
3 Years: -53%
TTM: 409%
Stock Price CAGR
10 Years: 8%
5 Years: -8%
3 Years: 13%
1 Year: 96%
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 Sep 2022
69 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 1,663
1,488 1,734 1,500 1,475 2,066 2,687 2,823 2,426 1,959 2,205 2,733 2,239 2,113
671 850 945 1,092 1,430 1,222 1,106 1,496 1,921 1,659 1,653 1,946 2,350
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 6,195
2,195 2,178 2,105 2,433 2,410 2,432 4,099 4,071 3,888 3,734 3,515 3,298 4,581
CWIP 98 309 457 95 631 1,815 59 18 14 62 939 1,357 14
Investments 1 1 1 1 1 6 1 1 1 0 1 1 1
781 1,067 918 1,183 1,656 1,166 1,475 1,435 1,628 1,780 1,528 1,119 1,600
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 6,195

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 465 741 248 129 224 155 269 142 229 286 269 104
Days Payable 451 698 381 210 285 234 255 225 321 336 331 261
Cash Conversion Cycle 77 132 -79 -21 25 -6 80 -12 -53 6 -12 -134
Working Capital Days 9 28 -23 -27 4 1 14 -38 -45 -9 11 -49
ROCE % 9% 7% 9% 13% 13% 12% 13% 5% 12% 11% 2% 4%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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
5.26 5.04 1.51 1.55 1.31 1.05 1.08 0.93 0.99 1.45 1.78 3.25
31.20 30.85 29.20 28.27 29.22 25.55 24.18 21.67 21.13 20.09 20.86 17.98
4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06
24.16 24.73 29.91 30.80 30.10 34.02 35.37 38.03 38.50 39.08 37.98 39.39

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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