Nifty

:

25244.75

Sensex

:

82755.51

200.40 (0.80%)
700.40 (0.85%)

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Nifty
Sensex

:
:

25244.75
82755.51

200.40 (0.80%)
700.40 (0.85%)

TCPL Packaging Ltd.

Paper & Paper Products

Rating :

65/99

BSE: 523301 | NSE: TCPLPACK

Watchlist

NSE BSE

3752.00

25-Jun-2025

Open
High
Low
Previous Close

3802.9
3833.9
3740.2
3783.00

Volume
Traded Value (lacs)
52 Week High
52 Week Low

4421
16729890.7
4900
2411

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,411.36
24.12
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,980.31
0.80%
5.36

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

11.56
10.80
12.39

EBITDA CAGR (%)

10 Years
5 Years
3 Years

11.75
14.59
10.25

PAT CAGR (%)

10 Years
5 Years
3 Years

12.71
23.88
28.88

P:E (Median)

8 Years
5 Years
3 Years

17.76
17.76
19.64

P:BV (Average)

8 Years
5 Years
3 Years

3.70
3.70
4.16

EV:EBITDA (Average)

8 Years
5 Years
3 Years

9.33
9.33
10.08

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 111.39 141.5 179.6 198.1
P/E Ratio 33.68 26.52 20.89 18.94
Revenue 1540 1796 2105 2339
EBITDA 250 292 349 383
Net Income 101 129 163 180
ROA 8 13 13 13.7
P/B Ratio 6.33 5.43 4.50 3.85
ROE 20.95 22.3 23.49 22.09
FCFF 36 64 126 84
FCFF Yield 0.83 1.44 2.86 1.92
Net Debt 479 509 494 461
BVPS 593.12 691.08 834.66 975.81

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 409.63 383.92 6.70% 457.60 355.41 28.75% 438.52 390.79 12.21% 390.63 360.67 8.31%
Expenses 339.13 317.58 6.79% 387.37 296.64 30.59% 362.41 327.23 10.75% 321.30 300.39 6.96%
EBITDA 70.51 66.34 6.29% 70.24 58.77 19.52% 76.11 63.56 19.75% 69.33 60.28 15.01%
EBIDTM 17.21% 17.28% 15.35% 16.54% 17.36% 16.27% 17.75% 16.71%
Other Income 2.03 4.67 -56.53% 11.71 1.94 503.61% 0.54 3.59 -84.96% 2.85 1.38 106.52%
Interest 17.41 13.85 25.70% 14.55 14.37 1.25% 13.34 12.65 5.45% 12.56 13.06 -3.83%
Depreciation 17.69 18.27 -3.17% 18.63 17.59 5.91% 18.43 17.60 4.72% 18.02 15.69 14.85%
PBT 37.43 38.88 -3.73% 48.76 28.75 69.60% 44.88 36.90 21.63% 41.60 32.91 26.41%
Tax 2.13 9.78 -78.22% 10.56 9.14 15.54% 9.07 8.13 11.56% 9.65 8.84 9.16%
PAT 35.30 29.10 21.31% 38.21 19.61 94.85% 35.81 28.77 24.47% 31.95 24.06 32.79%
PATM 8.62% 7.58% 8.35% 5.52% 8.17% 7.36% 8.18% 6.67%
EPS 38.79 31.98 21.29% 41.98 21.55 94.80% 39.35 31.61 24.49% 35.11 26.44 32.79%

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 422.37 400.53 5.45% 479.66 363.57 31.93% 462.64 405.97 13.96% 405.59 371.31 9.23%
Expenses 350.29 330.17 6.09% 409.06 309.01 32.38% 385.72 340.82 13.17% 334.17 309.94 7.82%
EBITDA 72.07 70.36 2.43% 70.60 54.56 29.40% 76.91 65.15 18.05% 71.42 61.37 16.38%
EBIDTM 17.06% 17.57% 14.72% 15.01% 16.63% 16.05% 17.61% 16.53%
Other Income 3.66 0.51 617.65% 11.99 6.72 78.42% 0.63 2.77 -77.26% 1.63 0.57 185.96%
Interest 17.87 14.33 24.70% 15.00 14.86 0.94% 13.84 13.10 5.65% 13.04 13.56 -3.83%
Depreciation 18.37 18.85 -2.55% 19.32 18.22 6.04% 19.11 18.23 4.83% 18.70 16.27 14.94%
PBT 39.49 37.69 4.78% 48.28 28.20 71.21% 44.60 36.58 21.92% 41.31 32.11 28.65%
Tax 1.47 9.04 -83.74% 10.55 9.42 12.00% 9.06 8.22 10.22% 9.59 8.51 12.69%
PAT 38.02 28.64 32.75% 37.73 18.79 100.80% 35.54 28.36 25.32% 31.72 23.60 34.41%
PATM 9.00% 7.15% 7.87% 5.17% 7.68% 6.99% 7.82% 6.36%
EPS 41.78 31.48 32.72% 41.46 20.41 103.14% 39.05 31.21 25.12% 34.86 26.13 33.41%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 1,696.38 1,485.92 1,431.85 1,076.02 903.82 889.78 815.81 698.05 612.89 592.61 497.84 Net Sales Growth 13.79% 3.78% 33.07% 19.05% 1.58% 9.07% 16.87% 13.89% 3.42% 19.04% Cost Of Goods Sold 981.59 862.91 867.97 648.35 523.09 520.47 491.14 406.85 320.72 322.58 280.07 Gross Profit 714.79 623.02 563.88 427.67 380.74 369.31 324.67 291.19 292.17 270.02 217.78 GP Margin 42.14% 41.93% 39.38% 39.75% 42.13% 41.51% 39.80% 41.71% 47.67% 45.56% 43.74% Total Expenditure 1,410.21 1,236.96 1,196.18 920.11 770.09 763.80 711.40 612.96 516.33 492.20 415.84 Power & Fuel Cost - 27.22 25.95 21.79 19.55 20.42 17.53 15.52 14.21 12.35 9.63 % Of Sales - 1.83% 1.81% 2.03% 2.16% 2.29% 2.15% 2.22% 2.32% 2.08% 1.93% Employee Cost - 134.55 115.48 99.63 90.29 87.06 74.43 66.93 55.33 46.17 34.91 % Of Sales - 9.05% 8.07% 9.26% 9.99% 9.78% 9.12% 9.59% 9.03% 7.79% 7.01% Manufacturing Exp. - 139.24 119.69 94.30 94.38 92.70 81.72 77.18 87.75 78.90 65.92 % Of Sales - 9.37% 8.36% 8.76% 10.44% 10.42% 10.02% 11.06% 14.32% 13.31% 13.24% General & Admin Exp. - 32.20 25.34 18.95 13.31 15.34 21.88 19.83 19.13 12.31 8.81 % Of Sales - 2.17% 1.77% 1.76% 1.47% 1.72% 2.68% 2.84% 3.12% 2.08% 1.77% Selling & Distn. Exp. - 28.87 32.52 29.84 24.78 19.99 20.04 19.21 14.63 7.74 5.96 % Of Sales - 1.94% 2.27% 2.77% 2.74% 2.25% 2.46% 2.75% 2.39% 1.31% 1.20% Miscellaneous Exp. - 11.96 9.22 7.24 4.70 7.82 4.66 7.43 4.55 12.14 5.96 % Of Sales - 0.80% 0.64% 0.67% 0.52% 0.88% 0.57% 1.06% 0.74% 2.05% 2.12% EBITDA 286.19 248.96 235.67 155.91 133.73 125.98 104.41 85.09 96.56 100.41 82.00 EBITDA Margin 16.87% 16.75% 16.46% 14.49% 14.80% 14.16% 12.80% 12.19% 15.75% 16.94% 16.47% Other Income 17.13 11.88 9.98 3.11 2.54 2.11 1.32 2.60 0.63 0.43 0.31 Interest 57.86 52.14 43.62 33.53 37.16 37.40 28.32 25.45 21.87 20.42 17.60 Depreciation 72.77 67.66 60.95 55.26 51.50 48.40 35.72 35.13 29.09 25.18 21.67 PBT 172.67 141.04 141.09 70.24 47.61 42.29 41.68 27.11 46.23 55.23 43.04 Tax 31.41 34.50 40.82 20.98 13.87 5.77 12.73 6.90 13.76 16.95 10.85 Tax Rate 18.19% 24.46% 25.78% 29.87% 29.13% 13.64% 30.54% 25.45% 29.76% 30.69% 25.21% PAT 141.27 106.54 117.54 49.26 33.74 36.52 28.95 20.22 32.47 38.28 32.19 PAT before Minority Interest 141.27 106.54 117.54 49.26 33.74 36.52 28.95 20.22 32.47 38.28 32.19 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 8.33% 7.17% 8.21% 4.58% 3.73% 4.10% 3.55% 2.90% 5.30% 6.46% 6.47% PAT Growth 39.13% -9.36% 138.61% 46.00% -7.61% 26.15% 43.18% -37.73% -15.18% 18.92% EPS 155.24 117.08 129.16 54.13 37.08 40.13 31.81 22.22 35.68 42.07 35.37

Description TTM Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,770.26 1,541.38 1,474.88 1,085.74 903.82 Net Sales Growth 14.85% 4.51% 35.84% 20.13% Cost Of Goods Sold 1,006.92 883.79 887.88 654.45 523.09 Gross Profit 763.34 657.59 587.01 431.29 380.74 GP Margin 43.12% 42.66% 39.80% 39.72% 42.13% Total Expenditure 1,479.24 1,289.82 1,238.74 931.32 770.36 Power & Fuel Cost - 30.17 27.96 22.04 19.55 % Of Sales - 1.96% 1.90% 2.03% 2.16% Employee Cost - 145.66 123.45 101.53 90.29 % Of Sales - 9.45% 8.37% 9.35% 9.99% Manufacturing Exp. - 147.19 124.76 95.69 94.38 % Of Sales - 9.55% 8.46% 8.81% 10.44% General & Admin Exp. - 34.05 26.59 19.53 13.31 % Of Sales - 2.21% 1.80% 1.80% 1.47% Selling & Distn. Exp. - 35.94 37.04 29.98 24.78 % Of Sales - 2.33% 2.51% 2.76% 2.74% Miscellaneous Exp. - 13.03 11.07 8.09 4.96 % Of Sales - 0.85% 0.75% 0.75% 0.55% EBITDA 291.00 251.56 236.14 154.42 133.46 EBITDA Margin 16.44% 16.32% 16.01% 14.22% 14.77% Other Income 17.91 10.57 9.62 3.59 2.54 Interest 59.75 55.98 47.52 34.32 37.16 Depreciation 75.50 71.57 63.94 55.93 51.50 PBT 173.68 134.58 134.31 67.76 47.35 Tax 30.67 33.22 41.14 20.89 13.87 Tax Rate 17.66% 24.68% 27.14% 30.83% 29.29% PAT 143.01 101.37 111.07 47.35 33.47 PAT before Minority Interest 143.01 101.37 110.44 46.87 33.47 Minority Interest 0.00 0.00 0.63 0.48 0.00 PAT Margin 8.08% 6.58% 7.53% 4.36% 3.70% PAT Growth 43.89% -8.73% 134.57% 41.47% EPS 157.15 111.40 122.05 52.03 36.78

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 539.74 452.43 344.16 300.72 269.30 240.72 215.83 178.38 144.71 113.83 Share Capital 9.10 9.10 9.10 9.10 9.10 9.10 9.10 8.70 8.70 8.70 Total Reserves 530.25 443.23 335.06 291.62 260.20 231.62 206.73 169.68 136.01 105.13 Non-Current Liabilities 262.97 224.23 232.49 188.10 209.90 172.19 162.12 184.17 145.50 113.81 Secured Loans 205.79 168.44 177.53 131.58 151.36 128.02 133.20 156.11 122.83 97.42 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 9.97 7.01 6.27 6.45 5.89 4.66 3.82 3.53 2.59 2.33 Current Liabilities 515.95 522.67 447.48 365.72 330.76 303.33 259.16 238.20 195.21 169.64 Trade Payables 175.58 156.29 156.91 140.85 88.89 88.04 74.59 73.62 54.33 60.41 Other Current Liabilities 125.57 119.31 93.80 89.25 70.04 72.24 64.95 60.50 56.13 43.99 Short Term Borrowings 178.65 208.64 177.84 119.65 160.72 142.92 119.45 103.94 77.04 58.96 Short Term Provisions 36.15 38.42 18.93 15.97 11.12 0.12 0.17 0.14 7.70 6.28 Total Liabilities 1,318.66 1,199.33 1,024.13 854.54 809.96 716.24 637.11 600.75 485.42 397.28 Net Block 606.38 496.07 504.14 448.18 452.04 417.73 357.92 365.39 281.91 227.93 Gross Block 941.24 766.91 721.05 621.12 591.96 515.25 421.35 393.72 468.15 390.40 Accumulated Depreciation 334.86 270.84 216.91 172.93 139.92 97.52 63.42 28.32 186.23 162.47 Non Current Assets 686.70 607.21 559.38 477.47 469.09 424.92 369.55 376.20 305.21 241.77 Capital Work in Progress 6.93 44.06 5.09 10.87 1.30 0.40 6.01 3.99 9.43 1.72 Non Current Investment 58.97 46.90 28.38 4.40 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 9.18 14.95 12.28 13.74 15.14 6.79 5.62 6.82 13.67 11.98 Other Non Current Assets 5.24 5.23 9.49 0.28 0.60 0.00 0.00 0.00 0.20 0.13 Current Assets 631.96 592.12 464.75 377.06 340.87 291.31 267.55 224.54 180.21 155.51 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 193.77 229.34 174.41 144.84 133.73 124.30 108.93 95.57 67.08 58.52 Sundry Debtors 342.06 290.59 228.77 177.16 162.08 148.13 132.47 103.22 96.77 82.34 Cash & Bank 21.06 4.79 6.13 6.13 15.89 6.12 14.86 10.51 6.17 6.24 Other Current Assets 75.08 5.08 7.62 3.35 29.16 12.76 11.28 15.23 10.19 8.42 Short Term Loans & Adv. 69.35 62.31 47.82 45.57 26.21 10.61 9.25 10.71 2.33 2.58 Net Current Assets 116.01 69.45 17.27 11.34 10.10 -12.01 8.39 -13.66 -15.00 -14.13 Total Assets 1,318.66 1,199.33 1,024.13 854.53 809.96 716.23 637.10 600.74 485.42 397.28

Description Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 525.72 441.76 339.93 300.45 Share Capital 9.10 9.10 9.10 9.10 Total Reserves 516.24 432.56 330.83 291.35 Non-Current Liabilities 293.07 261.09 274.74 188.10 Secured Loans 224.78 193.21 208.70 131.58 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 10.63 7.48 6.64 6.45 Current Liabilities 542.79 550.65 473.05 365.35 Trade Payables 180.70 162.15 166.36 140.88 Other Current Liabilities 137.55 131.02 105.74 88.85 Short Term Borrowings 188.31 219.01 182.00 119.65 Short Term Provisions 36.22 38.47 18.95 15.97 Total Liabilities 1,361.58 1,255.28 1,090.13 853.90 Net Block 695.67 580.08 540.24 448.18 Gross Block 1,036.01 855.10 758.70 621.12 Accumulated Depreciation 340.34 275.03 218.47 172.93 Non Current Assets 717.64 644.67 611.68 476.96 Capital Work in Progress 6.94 44.35 48.10 10.88 Non Current Investment 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 9.50 14.94 12.81 17.62 Other Non Current Assets 5.53 5.31 9.57 0.28 Current Assets 643.95 610.61 478.45 376.94 Current Investments 0.00 0.00 0.00 0.00 Inventories 205.99 240.98 183.50 144.84 Sundry Debtors 344.86 295.43 227.68 177.16 Cash & Bank 24.59 7.34 11.15 6.22 Other Current Assets 68.51 5.34 7.81 3.35 Short Term Loans & Adv. 60.05 61.52 48.31 45.36 Net Current Assets 101.16 59.96 5.40 11.59 Total Assets 1,361.59 1,255.28 1,090.13 853.90

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 224.92 118.68 76.58 115.29 86.17 81.19 47.70 80.49 72.40 68.84 PBT 141.04 158.36 70.24 47.61 42.29 41.68 26.89 47.31 55.23 43.04 Adjustment 110.94 95.13 85.36 84.50 88.87 65.21 62.64 49.55 46.43 40.39 Changes in Working Capital 10.61 -98.36 -61.19 -3.53 -36.20 -16.06 -35.71 -7.06 -20.15 -5.42 Cash after chg. in Working capital 262.60 155.13 94.41 128.59 94.95 90.82 53.83 89.80 81.52 78.01 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -37.68 -36.45 -17.84 -13.30 -8.78 -9.63 -6.13 -9.30 -9.12 -9.18 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -156.63 -101.17 -137.71 -45.81 -71.72 -68.63 -32.52 -112.22 -85.95 -60.60 Net Fixed Assets -137.20 -84.83 -94.15 -38.73 -77.61 -88.29 -29.65 79.87 -85.46 -63.92 Net Investments -12.07 -18.52 -23.98 -4.40 0.00 0.00 0.00 0.00 0.00 0.00 Others -7.36 2.18 -19.58 -2.68 5.89 19.66 -2.87 -192.09 -0.49 3.32 Cash from Financing Activity -65.53 -18.03 60.13 -66.72 -15.99 -11.05 -15.40 32.00 12.71 -6.43 Net Cash Inflow / Outflow 2.76 -0.52 -1.01 2.76 -1.54 1.52 -0.22 0.27 -0.84 1.81 Opening Cash & Equivalents 1.44 1.97 2.97 0.21 1.75 0.23 0.45 0.18 2.59 0.78 Closing Cash & Equivalent 4.21 1.44 1.97 2.97 0.21 1.75 0.23 0.45 1.75 2.59

Description Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 233.99 109.35 96.97 110.99 PBT 134.58 151.58 67.76 47.35 Adjustment 121.60 103.08 87.16 84.50 Changes in Working Capital 15.49 -108.87 -40.11 -7.57 Cash after chg. in Working capital 271.67 145.80 114.81 124.29 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -37.68 -36.45 -17.84 -13.30 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -156.51 -89.96 -195.19 -41.41 Net Fixed Assets -137.20 -84.83 -94.15 Net Investments -12.07 -18.52 -23.98 Others -7.24 13.39 -77.06 Cash from Financing Activity -76.09 -21.73 101.48 -66.72 Net Cash Inflow / Outflow 1.39 -2.35 3.27 2.86 Opening Cash & Equivalents 3.99 6.33 3.07 0.21 Closing Cash & Equivalent 5.37 3.99 6.33 3.07

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 592.70 497.07 378.19 330.46 295.93 264.53 237.17 205.03 166.34 130.84 ROA 8.46% 10.57% 5.24% 4.05% 4.79% 4.28% 3.27% 5.98% 8.67% 8.96% ROE 21.49% 29.51% 15.28% 11.84% 14.32% 12.68% 10.26% 20.10% 29.61% 31.91% ROCE 20.42% 24.48% 15.33% 13.76% 13.39% 13.03% 10.56% 15.66% 22.07% 21.80% Fixed Asset Turnover 1.74 1.92 1.60 1.49 1.61 1.74 1.75 1.56 1.49 1.47 Receivable days 77.70 66.20 68.85 68.50 63.63 62.77 60.27 54.28 51.22 54.38 Inventory Days 51.97 51.46 54.15 56.25 52.92 52.18 52.29 44.15 35.91 36.88 Payable days 70.19 65.85 83.82 80.16 40.67 40.98 43.17 44.35 42.26 41.59 Cash Conversion Cycle 59.48 51.80 39.18 44.59 75.89 73.97 69.39 54.08 44.87 49.67 Total Debt/Equity 0.84 0.99 1.18 1.01 1.34 1.33 1.38 1.70 1.68 1.62 Interest Cover 3.71 4.63 3.09 2.28 2.13 2.47 2.07 3.11 3.71 3.44

Description Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 577.29 485.34 373.55 330.17 ROA 7.75% 9.42% 4.82% 3.92% ROE 20.97% 28.26% 14.64% 11.14% ROCE 19.59% 23.16% 14.67% 14.02% Fixed Asset Turnover 1.63 1.83 1.57 1.46 Receivable days 75.81 64.73 68.05 71.55 Inventory Days 52.92 52.52 55.19 58.49 Payable days 70.80 67.52 85.68 98.30 Cash Conversion Cycle 57.93 49.73 37.56 31.74 Total Debt/Equity 0.93 1.11 1.32 1.01 Interest Cover 3.40 4.19 2.97 2.27

Top Investors:

anil kumar goel

dsp small cap fund

clarus capital i

investor education and protection fund authority ministry of corporate affairs

molecular trading and mercantile pvt ltd

mncl capital compounder fund 2

Annual Reports:

News Update:

TCPL Packaging acquires 100% stake of ATPL
7th May 2025, 12:49 PM

ATPL is engaged in the business of manufacturing engraved cylinders and other components
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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