Past 10 year’s financial track record analysis by Moneyworks4me indicates that TCPL Packaging Ltd is a below average quality company.
The key valuation ratios of TCPL Packaging Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of TCPL Packaging Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | 14.7% | 23.2% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | 0 | 0.1 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 904 | 1,086 | 1,475 | 1,720 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 20.1% | 35.8% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.3 | 50.3 | 102.8 | 147.3 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | 42.5% | 104.4% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 330.2 | 373.6 | 485.3 | 667.4 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.1 | 45.7 | 93.5 | 134 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111 | 97 | 109 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7 | 4.6 | 4.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 35.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 104.4% | ||||
| BVPSⓘ | NA | NA | NA | 29.9% | ||||
| Share Price | 26.7% | 99.5% | 87.6% | 107.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.7 | 14.3 | 23.9 | 25.6 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.8 | 14.2 | 16.1 | 16.8 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 | 4.2 | 6.3 | 7.8 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1.3 | 1.1 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 148 | 138 | 72 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65 | 70 | 12 |
Return on Equity has increased versus last 3 years average to 25.60%
Sales growth is good in last 4 quarters at 14.69%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.11
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 149.6 | 147.3 |
| TTM Sales (₹ Cr.) | 1,642 | 1,720 |
| BVPS (₹.) ⓘ | 676.6 | 667.4 |
| Reserves (₹ Cr.) ⓘ | 607 | 598 |
| P/BV ⓘ | 6.77 | 6.87 |
| PE ⓘ | 30.62 | 31.11 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2006.20 / 4775.00 |
| All Time Low / High (₹) | 2.25 / 4775.00 |
| Market Cap (₹ Cr.) | 4,169 |
| Equity (₹ Cr.) | 9.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 20.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Uflex | 488.4 | 3.7 (0.8%) | Small Cap | 6,610 | 28.3 | 2.4 | 17.1 | 1.1 |
| AGI Greenpac | 742.1 | 32.5 (4.6%) | Small Cap | 2,421 | 44.9 | 10.3 | 15.8 | 2.3 |
| TCPL Packaging | 4,581.9 | 173.7 (3.9%) | Small Cap | 1,475 | 147.3 | 6.3 | 29.9 | 6.6 |
| Pyramid Technoplast | 152 | 3.1 (2.1%) | Small Cap | 532 | 7.4 | 5.1 | 20 | 2.3 |
| Borosil Scientific | 126.6 | 2.4 (1.9%) | Small Cap | 355 | 3.7 | 8.7 | 33.5 | 2.8 |
| Kaira Can Co | 1,620 | 19.7 (1.2%) | Small Cap | 224 | 29.3 | 1.7 | 54.6 | 1.7 |
| Arrow Greentech | 522.6 | 3.3 (0.6%) | Small Cap | 149 | 41 | 19.7 | 12.7 | 4.4 |
| Purity Flex Pack | 2.1 | 0 (0%) | Small Cap | 108 | 8.7 | 0.8 | 0.3 | 0 |
| Oricon Enterprises | 39.5 | 0.2 (0.6%) | Small Cap | 100 | -0.3 | -22.4 | - | 0.6 |
| Rajeshwari Cans | 290.9 | 0 (0%) | Small Cap | 34.6 | 1.3 | 3.8 | 230.3 | 20 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 904 | 1,086 | 1,475 | 1,541 |
| Operating Expenses ⓘ | 770 | 931 | 1,239 | 1,290 |
| Manufacturing Costs | 114 | 118 | 153 | 177 |
| Material Costs | 523 | 654 | 888 | 884 |
| Employee Cost | 90 | 102 | 123 | 146 |
| Other Costs ⓘ | 43 | 58 | 75 | 83 |
| Operating Profit ⓘ | 133 | 154 | 236 | 252 |
| Operating Profit Margin (%) | 14.8% | 14.2% | 16.0% | 16.3% |
| Other Income ⓘ | 3 | 4 | 10 | 11 |
| Interest ⓘ | 37 | 34 | 48 | 56 |
| Depreciation ⓘ | 51 | 56 | 64 | 72 |
| Exceptional Items ⓘ | 0 | 0 | 17 | 0 |
| Profit Before Tax ⓘ | 47 | 68 | 152 | 135 |
| Tax ⓘ | 14 | 21 | 41 | 33 |
| Profit After Tax | 33 | 47 | 110 | 101 |
| PAT Margin (%) | 3.7% | 4.3% | 7.5% | 6.6% |
| Adjusted EPS (₹) | 36.8 | 52.0 | 122.1 | 111.4 |
| Dividend Payout Ratio (%) | 20% | 19% | 16% | 20% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 300 | 340 | 442 | 525 | ||||||
| Share Capital ⓘ | 9 | 9 | 9 | 9 | ||||||
| Reserves ⓘ | 291 | 331 | 433 | 516 | ||||||
| Minority Interest | 0 | 2 | 2 | 0 | ||||||
| Debt | 251 | 391 | 412 | 413 | ||||||
| Long Term Debt | 132 | 209 | 193 | 225 | ||||||
| Short Term Debt | 120 | 182 | 219 | 188 | ||||||
| Trade Payables | 141 | 166 | 162 | 181 | ||||||
| Others Liabilities ⓘ | 161 | 191 | 237 | 242 | ||||||
| Total Liabilities ⓘ | 854 | 1,090 | 1,255 | 1,362 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 621 | 759 | 855 | 1,036 | ||||||
| Accumulated Depreciation | 173 | 218 | 275 | 340 | ||||||
| Net Fixed Assetsⓘ | 448 | 540 | 580 | 696 | ||||||
| CWIP ⓘ | 11 | 48 | 44 | 7 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 145 | 183 | 241 | 206 | ||||||
| Trade Receivables | 177 | 228 | 295 | 345 | ||||||
| Cash Equivalents | 6 | 11 | 7 | 25 | ||||||
| Others Assetsⓘ | 67 | 79 | 87 | 84 | ||||||
| Total Assets ⓘ | 854 | 1,090 | 1,255 | 1,362 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 111 | 97 | 109 | 234 |
| PBT ⓘ | 47 | 68 | 152 | 135 |
| Adjustment ⓘ | 85 | 87 | 103 | 122 |
| Changes in Working Capital ⓘ | -8 | -40 | -109 | 15 |
| Tax Paid ⓘ | -13 | -18 | -36 | -38 |
| Cash Flow From Investing Activity ⓘ | -41 | -195 | -90 | -157 |
| Capex | -54 | -185 | -97 | -142 |
| Net Investments | 13 | -11 | 6 | -16 |
| Others ⓘ | 0 | 1 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | -67 | 101 | -22 | -76 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -10 | 77 | 2 | 33 |
| Interest Paid ⓘ | -35 | -33 | -46 | -53 |
| Dividend Paid ⓘ | -4 | -7 | -9 | -18 |
| Others ⓘ | -18 | 64 | 32 | -37 |
| Net Cash Flow ⓘ | 3 | 3 | -2 | 1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.14 | 14.64 | 28.26 | 20.97 | ||||||
| ROCE (%) | 14.02 | 14.67 | 23.16 | 19.59 | ||||||
| Asset Turnover Ratio | 1.06 | 1.12 | 1.26 | 1.18 | ||||||
| PAT to CFO Conversion(x) | 3.36 | 2.06 | 0.99 | 2.32 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 72 | 68 | 65 | 76 | ||||||
| Inventory Days | 58 | 55 | 53 | 53 | ||||||
| Payable Days | 98 | 86 | 68 | 71 | ||||||
TCPL Packaging Limited, formerly Twenty-First Century Printers Ltd was incorporated in August 1987. It is an ISO 9001:2000 and BRC/IoP certified packaging unit. It is one of leading and largest manufacturers of folding cartons in India.
TCPL Packaging Ltd began commercial production at its plant at Silvassa, Union Territory of Dadra & Nagar Haveli, in April 1990, with a web-fed printing machine equipped with an in-line die cutter.
The first client being Godfrey Phillips India (associates of Phillip Morris International), TCPL had its initial experience in the cigarette industry. Printed shells and hinge lid packs were what TCPL cut its teeth on, and from there, it was no looking back.
With the precious experience gathered while catering to the needs of Godfrey Phillips India TCPL began to look at other players in the cigarette industry and soon had many other cigarette majors as its clients.
Business was looking good and it was time to expand. The second six colour rotogravure machine was commissioned at its plant in 1995. With this, it also started forays in the liquor industry.
Then, in 1997, TCPL became the first printing and packaging unit in India to have been certified 1SO 9002. It added a state-of-the-art six colour offset printing machine at its plant and got all set to take on the future in the year 2001.
By 2005, not only had TCPL started supplying printed cartons to almost all FMCG manufacturers in India, but exports were also growing at a very fast pace. It felt the need for an additional manufacturing unit to service its customers in the northern region of India.
In the year 2005, TCPL set-up its second plant, a state-of-the-art manufacturing unit at Haridwar in the Northern India at an outlay of Rs.300 million (US$ 6.5 million). Since then TCPL has been constantly adding equipments and new capacity to maintain its level of service and quality to its ever growing range of customers. Today, TCPL is one of the largest converters of paperboard in India and its revenue for the year ended 31st March, 2008 is Rs.130.93 crores equivalent to approx $32.50 million.
TCPL has set-up an in-house prepress house known as Accura Reprotech Pvt. Ltd. which handles its prepress requirements and also services other prestigious clients.
Business area of the company:
TCPL manufactures packaging material for the following segments
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
100% Secure Process
Account Discovery
- OTP from CAMS
Account Linking for Stocks & MF
- One OTP per link Eg. NSDL, CDSL, CAMS, KFin etc.
One Click Upload for your Current Portfolio and Future Transactions!
Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
