MarketFriction

TCPL Packaging Ltd

NSE TCPLPACK · BSE 523301 · Packaging
₹3,927.10 -4.28%
NSE close2026-10-01
52 week range2,200.00 - 4,410.90
Market cap₹3,748 Cr.
P/E31.0
Price band 20% Delivery 42.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales391354384391439458410409438453436474
Expenses327296318321362387339338371374369393
Operating Profit645966697670707167796781
OPM %16%17%17%18%17%15%17%17%15%17%15%17%
Other Income42531122310-8103
Interest131414131315172619151712
Depreciation181718181819181921202022
Profit before tax373039424549372937354050
Tax %22%30%25%23%20%22%6%22%23%29%47%25%
Net Profit292129323638352328252138
EPS in Rs31.6222.8531.9835.1139.3541.9938.7924.9831.1327.4223.2641.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5936136988168909041,0761,4321,4911,6961,7361,801
Expenses4925166137117647709201,1961,2421,4091,4531,507
Operating Profit1019785105126134156236249287284293
OPM %17%16%12%13%14%15%15%16%17%17%16%16%
Other Income-01212322711151414
Interest202225283737334454567763
Depreciation252935364852556169738083
Profit before tax55462742424870158137173141162
Tax %31%30%25%31%14%29%30%26%26%18%31%
Net Profit3832202937344911810214197112
EPS in Rs44.0037.3222.2231.8140.1337.0854.13129.16111.58155.24106.79123.16
Dividend Payout %17%17%17%16%10%20%18%15%20%19%23%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%14%7%5%
Compounded Profit Growth11%26%1%-8%
Stock Price CAGR20%50%24%26%
Return on Equity18%20%20%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital999999999999
Reserves105136170207232260292335443521640711
Borrowings180235303298320356321421459484614599
Other Liabilities103105119123155174218240250288305338
Total Liabilities3974856016377167998391,0061,1611,3031,5681,657
Fixed Assets228282365358418452448504496644703827
CWIP2946011154476410
Investments00000042847455360
Other Assets168194231273298346375468574607747760
Total Assets3974856016377167998391,0061,1611,3031,5681,657
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity69728048818611577119236140267
Cash from Investing Activity-61-86-112-33-69-72-46-138-101-182-157-142
Cash from Financing Activity-61332-15-11-16-6760-18-5119-122
Net Cash Flow2-10-02-23-1-1323
Free Cash Flow9-13-2918-92561-273064-15121
CFO/OP95%81%93%63%87%75%96%60%66%110%64%107%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days606061696666727874849689
Inventory Days76761099892941019896847784
Days Payable796184676562988866757875
Cash Conversion Cycle58748610093987487105939498
Working Capital Days-15-13-14-3-8-22416202427
ROCE %22%22%16%11%13%13%14%15%22%20%20%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.73%
FIIs0.71%0.74%0.80%0.78%0.93%0.91%1.18%0.94%0.92%0.96%1.04%1.01%
DIIs5.94%6.49%8.01%9.20%11.35%11.68%11.55%11.63%12.15%12.66%13.56%13.69%
Public37.37%36.80%35.22%34.05%31.75%31.45%31.32%31.48%30.96%30.42%29.45%29.34%
Others0.25%0.25%0.24%0.23%0.23%0.23%0.22%0.22%0.22%0.21%0.21%0.20%
No. of Shareholders15,67415,68614,54514,08213,77414,27716,18516,83516,48615,98815,71715,413

Fundamentals

Market Cap₹ 3,748 Cr.
Current Price₹ 4,117
Stock P/E31.0
Book Value₹ 791
ROCE17.9 %
ROE15.5 %
Dividend Yield0.61 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-8%
Standalone figures.
Valuation
Market capRs 3,574 Cr
Enterprise valueRs 4,153 Cr
P/E (TTM)31.88x
Price to book4.96x
Price to sales1.98x
EV / EBITDA13.52x
EV / EBIT18.48x
EV / sales2.31x
Price to cash flow13.38x
Earnings yield3.14%
Dividend yield0.64%
P/E, 3-year average23.59x
P/B, 3-year average4.37x
P/E, 5-year average19.00x
P/B, 5-year average3.57x
Profitability
Operating margin (excl. other income)16.34%
Operating margin (incl. other income)17.13%
EBITDA margin17.06%
Pre-tax margin8.99%
Net profit margin6.22%
Net margin, latest quarter7.94%
ROE14.20%
ROCE16.87%
ROA6.03%
ROE, 3-year average19.61%
ROCE, 3-year average18.95%
ROA, 3-year average8.04%
ROE, 5-year average20.72%
ROCE, 5-year average19.18%
ROA, 5-year average8.06%
ROIC (approx.)11.93%
Tax rate30.98%
Other income / net worth1.91%
Growth
Sales growth (latest year)2.34%
Profit growth (latest year)-31.21%
Sales CAGR, 3 years6.63%
Sales CAGR, 5 years13.95%
Profit CAGR, 3 years-6.14%
Profit CAGR, 5 years23.56%
Sales growth QoQ8.69%
Profit growth QoQ77.75%
Sales growth YoY (latest quarter)15.75%
Profit growth YoY (latest quarter)65.55%
Per share
EPS (TTM)Rs 123.16
EPS (latest year)Rs 106.79
EPS (latest quarter)Rs 41.35
EPS, 3-year averageRs 124.54
EPS, 5-year averageRs 111.38
Book value per shareRs 791.29
Sales per shareRs 1,978.74
Cash flow per shareRs 293.42
Free cash flow per shareRs 132.97
Dividend per share (latest year)Rs 25.00
Dividend per share, 3-year averageRs 25.67
Dividend per share, 5-year averageRs 21.40
Dividends
Dividend payout23.41%
Dividend payout, 3-year average20.82%
Dividend payout, 5-year average19.28%
Efficiency
Asset turnover1.05x
Fixed asset turnover2.10x
Inventory turnover5.07x
Inventory days72 days
Debtor days89 days
Debtors turnover4.11x
Creditor days75 days
Cash conversion cycle98 days
Working capital days27 days
Leverage
Total debtRs 599 Cr
Cash and bankRs 19 Cr
Net debtRs 580 Cr
Debt to equity0.83x
Net debt / EBITDA1.89x
Interest coverage3.58x
Current ratio (filing 2026-03-31)1.25x
Quick ratio (filing 2026-03-31)0.85x
Trade payables (filing 2026-03-31)Rs 209 Cr
Owners' fund to total sources43.46%
Debt to assets36.14%
Cash flow
Cash from Operating Activity (latest year)Rs 267 Cr
Cash from Investing Activity (latest year)Rs -142 Cr
Cash from Financing Activity (latest year)Rs -122 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 121 Cr
FCFE (approx.: FCF + change in debt)Rs 106 Cr
Cash from ops / profit, 5 years1.65x
Sales to cash flow6.50x
Statement figures
Net sales (TTM)Rs 1,801 Cr
Net sales (latest year)Rs 1,736 Cr
Sales (latest quarter)Rs 474 Cr
Operating profit excl. other income (latest year)Rs 284 Cr
Operating profit (latest quarter)Rs 81 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 307 Cr
PBDT (TTM)Rs 244 Cr
Profit before tax (TTM)Rs 162 Cr
Tax (latest year)Rs 44 Cr
Net profit (TTM)Rs 112 Cr
Net profit (latest year)Rs 97 Cr
Net profit (latest quarter)Rs 38 Cr
Depreciation (TTM)Rs 83 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 63 Cr
Cost of goods sold (latest year)Rs 1,189 Cr
Total expenditure (latest year)Rs 1,453 Cr
Total income (latest year)Rs 1,750 Cr
Share capitalRs 9 Cr
ReservesRs 711 Cr
Shareholders' fundsRs 720 Cr
Total assetsRs 1,657 Cr
Net blockRs 827 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 60 Cr
ReceivablesRs 423 Cr
InventoryRs 235 Cr
Other liabilitiesRs 338 Cr
Shares outstanding (crore)0.91
Ownership
Promoter holding55.73% (-0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 31.9 is at the 98th percentile of its own 9.4-year range (median 17.9, low 5.0, high 33.3).
P/B 4.96 is at the 87th percentile (median 3.11).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTCPLPACKNifty 50Difference
1 week-3.2%-2.8% -0.5 pts
1 month+1.7%-6.8% +8.5 pts
3 months+32.8%-7.6% +40.4 pts
6 months+72.3%+0.4% +71.9 pts
1 year+17.7%-9.9% +27.6 pts
2 years+9.5%-13.6% +23.1 pts
3 years+81.5%+14.2% +67.4 pts
5 years+627.6%+27.9% +599.7 pts
3 mutual fund schemes hold about ₹281 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund1.16%251 -10%
HDFC Multi Asset Allocation Fund0.49%29 -3%
HDFC Retirement Fund-Hybrid-Debt Plan0.27%0 +2%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23Clarus Capital IAcquirerbuy2,339SAST Open Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹474 Cr +15.9% vs Jun 2025. Net profit ₹38 Cr +65.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-04Dividend - Rs 25 Per Share
2025-07-24Dividend - Rs 30 Per Share
2024-07-23Annual General Meeting/Dividend - Rs 22 Per Share
2023-07-28Annual General Meeting/Dividend - Rs 20 Per Share
2022-08-02Annual General Meeting/Dividend - Rs 10 Per Share
2021-08-18 Annual General Meeting/Dividend - Rs 7.35 Per Share
2020-07-22 Annual General Meeting/Dividend - Rs 4 Per Share
2019-09-05 Annual General Meeting/Dividend - Rs 5.25 Per Share
2018-08-23 Annual General Meeting/Dividend- Rs 3.70 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-11-06NCLTTCPL Packaging Ltd. Vs Prothom Industries India Pvt.Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of TCPL Packaging Ltd?

TCPL Packaging Ltd (TCPLPACK) has a market capitalisation of Rs 3,748 Cr. at the 2026-10-01 close.

What is the P/E ratio of TCPL Packaging Ltd?

TCPL Packaging Ltd trades at a P/E of 31.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were TCPL Packaging Ltd's latest quarterly results?

In the Jun 2026 quarter, TCPL Packaging Ltd sales was Rs 474 Cr (+15.9% vs Jun 2025) and net profit was Rs 38 Cr.

What is the 52-week high and low of TCPL Packaging Ltd?

The 52-week high is Rs 4,410.90 and the 52-week low is Rs 2,200.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03