TCPL Packaging Ltd (TCPLPACK) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 523301 | NSE: TCPLPACK | Packaging | Small Cap

TCPL Packaging Share Price

3,073.60 -54.10 -1.73%
as on 04-Dec'25 16:59

TCPL Packaging Ltd (TCPLPACK) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 523301 | NSE: TCPLPACK | Packaging | Small Cap

DeciZen - make an informed investing decision on TCPL Packaging

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

TCPL Packaging stock performance -
3,073.60 -189.00-6.00% past year

Key Ratios
Price Chart, Live Stock Chart, Technical Chart of
P/E Ratio (CD):
22.41
Market Cap:
2,846.2 Cr.
52-wk low:
2,980.1
52-wk high:
4,909.6

Is TCPL Packaging Ltd an attractive stock to invest in?

1. Is TCPL Packaging Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TCPL Packaging Ltd is a average quality company.

2. Is TCPL Packaging Ltd undervalued or overvalued?

The key valuation ratios of TCPL Packaging Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is TCPL Packaging Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TCPL Packaging Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of TCPL Packaging:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TCPL Packaging Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE %
0%0%0%0%0%14%14.7%23.2%19.6%20.7%-
Value Creation
Index
NANANANANA00.10.70.40.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales
000009041,0861,4751,5411,7701,759
Sales YoY Gr.
-NANANANANA20.1%35.8%4.5%14.9%-
Adj EPS
0000035.350.3102.8104.3154.7139.3
YoY Gr.
-NANANANANA42.5%104.4%1.5%48.3%-
BVPS (₹)
00000330.2373.6485.3573.9706.8735.5
Adj Net
Profit
0000032.145.793.594.9141127
Cash Flow from Ops.
0000011197109234133-
Debt/CF from Ops.
000002.74.64.52.14.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA17.7%14.9%
Adj EPS NANA45.5%48.3%
BVPSNANA23.7%23.2%
Share Price 16.9% 52.1% 24.2% -5.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0000010.714.323.919.724.119.3
Op. Profit
Mgn %
0000014.814.216.116.317.116.2
Net Profit
Mgn %
000003.64.26.36.287.2
Debt to
Equity
0000011.31.10.90.90.4
Working Cap
Days
00000014813814914880
Cash Conv.
Cycle
0000006570817813

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.70%

Net Profit is growing at healthy rate in last 3 years 45.45%

Debt to equity has declined versus last 3 years average to 0.92

Sales growth is good in last 4 quarters at 10.58%

Return on Equity has declined versus last 3 years average to 19.30%

Latest Financials - TCPL Packaging Ltd.

Standalone Consolidated
TTM EPS (₹) 136.9 139.3
TTM Sales (₹ Cr.) 1,687 1,759
BVPS (₹.) 740.2 735.5
Reserves (₹ Cr.) 691 660
P/BV 4.23 4.25
PE 22.85 22.41
From the Market
52 Week Low / High (₹) 2980.05 / 4909.55
All Time Low / High (₹) 2.25 / 4909.55
Market Cap (₹ Cr.) 2,846
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 20.5

Quarterly Results

 Dec'24 YoY Gr. Rt. %Mar'25 YoY Gr. Rt. %Jun'25 YoY Gr. Rt. %Sep'25 YoY Gr. Rt. %
Sales (₹ Cr.) 472 32.3416 5.8418 4.9452 -0.7
Adj EPS (₹) 41.5 103.141.8 32.824.5 -29.731.6 -19.2
Op. Profit Mgn % 14.95 -34 bps17.32 -56 bps17.36 -56 bps15.36 -153 bps
Net Profit Mgn % 7.87 270 bps9.00 185 bps5.25 -257 bps6.24 -144 bps

Management X-Ray of TCPL Packaging:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of TCPL Packaging - Consolidated Basis

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
0
Base 0
200

YTD 1Y 3Y 5Y 10Y Max

YTD 1Y 3Y 5Y 10Y Max

YTD 1Y 3Y 5Y 10Y Max

YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of TCPL Packaging

Adj EPS (Rs.)

Price Chart, Live Stock Chart, Technical Chart of

Sales (Cr.)

Price Chart, Live Stock Chart, Technical Chart of

ROE (%)

Price Chart, Live Stock Chart, Technical Chart of

ROCE (%)

Price Chart, Live Stock Chart, Technical Chart of
Company Name  
CMP(₹)  
Change ₹(%)  
Market Cap  
Net Sales (₹ Cr.)  
Latest EPS (₹)  
Net Profit Margin %  
Latest P/E  
Latest P/BV  
Uflex 477 -0.8 (-0.2%) Small Cap 7,725 28.9 2.8 16.6 1
EPL 202.3 0.4 (0.2%) Small Cap 4,213 12.9 8.8 15.9 2.5
AGI Greenpac 752.6 -15.3 (-2%) Small Cap 2,529 54.4 12 14.1 2.2
Huhtamaki India 213.6 -2.3 (-1%) Small Cap 2,521 13.2 2.4 16.4 1.3
TCPL Packaging 3,073.6 -54.1 (-1.7%) Small Cap 1,770 139.3 8 22.4 4.3
Pyramid Technoplast 163 2 (1.2%) Small Cap 591 7.5 4.2 21.6 2.3
Borosil Scientific 123.5 -0.9 (-0.7%) Small Cap 392 3.2 8.9 38.4 2.6
Arrow Greentech 517.5 -8.9 (-1.7%) Small Cap 243 33.8 25.9 16 3.8
Kaira Can Co 1,543 0 (0%) Small Cap 232 43 1.6 35.9 1.6
GLEN Industries 79.6 2.6 (3.4%) Small Cap 171 7.6 10.6 10.1 1.7
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales9041,0861,4751,5411,770
Operating Expenses 7709311,2391,2901,477
Manufacturing Costs114118153177188
Material Costs5236548888841,007
Employee Cost 90102123146167
Other Costs 43587583115
Operating Profit 133154236252293
Operating Profit Margin (%) 14.8%14.2%16.0%16.3%16.6%
Other Income 34101114
Interest 3734485658
Depreciation 5156647275
Exceptional Items 001700
Profit Before Tax 4768152135174
Tax 1421413531
Profit After Tax 334711099143
PAT Margin (%) 3.7%4.3%7.5%6.4%8.1%
Adjusted EPS (₹)36.852.0122.1109.2157.2
Dividend Payout Ratio (%)20%19%16%20%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 300340442522643
Share Capital 99999
Reserves 291331433513634
Minority Interest02200
Debt251391412413519
Long Term Debt132209193225261
Short Term Debt120182219188257
Trade Payables141166162181215
Others Liabilities 161191237246278
Total Liabilities 8541,0901,2551,3621,656

Fixed Assets

Gross Block6217598551,0441,183
Accumulated Depreciation173218275348412
Net Fixed Assets 448540580696771
CWIP 114844764
Investments 00000
Inventories145183241206214
Trade Receivables177228295345463
Cash Equivalents 61172520
Others Assets 67798784123
Total Assets 8541,0901,2551,3621,656

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 11197109234133
PBT 4768152135174
Adjustment 8587103122121
Changes in Working Capital -8-40-10915-119
Tax Paid -13-18-36-38-43
Cash Flow From Investing Activity -41-195-90-157-150
Capex -54-185-97-142-156
Net Investments 13-116-165
Others 01122
Cash Flow From Financing Activity -67101-22-7618
Net Proceeds from Shares 00000
Net Proceeds from Borrowing -107723331
Interest Paid -35-33-46-53-55
Dividend Paid -4-7-9-18-20
Others -186432-3762
Net Cash Flow 33-211

Finance Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.1414.6428.2620.6224.54
ROCE (%)14.0214.6723.1619.6220.67
Asset Turnover Ratio1.061.121.261.181.17
PAT to CFO Conversion(x)3.362.060.992.360.93
Working Capital Days
Receivable Days7268657683
Inventory Days5855535343
Payable Days9886687172

TCPL Packaging Ltd Stock News

TCPL Packaging Ltd FAQs

The current trading price of TCPL Packaging on 04-Dec-2025 16:59 is ₹3,073.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2025 the market cap of TCPL Packaging stood at ₹2,846.2.
The latest P/E ratio of TCPL Packaging as of 03-Dec-2025 is 22.85.
The latest P/B ratio of TCPL Packaging as of 03-Dec-2025 is 4.23.
The 52-week high of TCPL Packaging is ₹4,909.6 and the 52-week low is ₹2,980.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TCPL Packaging is ₹1,687 ( Cr.) .

About TCPL Packaging Ltd

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

  • Cigarette
  • Liquor 
  • Food  
  • FMCG
  • Others  

Achievements/ recognition:

  • 2013 - IFCA Star Awards received in 2013
  • 2012 - Indian Institute of Packaging Indiastar Awards received in 2012
  • 2011 - IFCA Star Awards received in 2011
  • 2010 - GlaxoSmithKline Excellence award for Gen X Pack
    Printing & Publishing Group Aspiration award
  • PFFCA Star Award received in 2008
  • The year 2008, TCPL won 3 awards for various cartons being printed for their customers.
  • PFFCA Star Award recieved in 2007
  • PFFCA Star Award recieved in 2005
  • PFFCA Star Award recieved in 2003
  • India star Award recieved in 2002
  • ISO9001:2000 & BRC-IOP Global Stander
  • Certified 1SO 9002.
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