MarketFriction

Tamil Nadu Newsprint & Papers Ltd

NSE TNPL · BSE 531426 · Paper & Paper Products
₹147.63 -1.98%
NSE close2026-10-01
52 week range121.51 - 175.75
Market cap₹1,053 Cr.
P/E4.04
Price band 20% Delivery 58.1%

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
Sales958.171,240.861,229.471,116.56913.711,123.861,336.771,142.101,110.151,121.101,271.541,146.64
Expenses801.421,103.691,069.21968.74789.691,071.041,233.671,040.63987.021,005.491,130.961,031.77
Operating Profit156.75137.17160.26147.82124.0252.82103.10101.47123.13115.61140.58114.87
OPM %16.36%11.05%13.03%13.24%13.57%4.70%7.71%8.88%11.09%10.31%11.06%10.02%
Other Income19.9218.6021.1913.2814.1612.9357.0212.4518.2424.9620.2313.74
Interest58.0657.0753.4152.5557.2453.9452.3948.4150.0249.8044.9442.90
Depreciation70.7975.4074.6574.4975.8976.4576.9077.3378.4278.9878.1778.03
Profit before tax47.8223.3053.3934.065.05-64.6430.83-11.8212.9311.7937.707.68
Tax %36.64%30.47%38.21%35.67%48.71%-33.65%28.25%-37.31%37.35%42.58%-537.40%25.26%
Net Profit30.3016.2032.9921.912.59-42.8922.12-7.418.106.77240.305.74
EPS in Rs4.382.344.773.170.37-6.203.20-1.071.170.9834.720.83
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4182,9583,0984,0833,4712,7684,0205,1804,6904,4914,6454,649
Expenses1,8512,2292,6933,4342,8632,5083,6624,1743,9204,0604,1644,155
Operating Profit5677294056496082603581,006770431481494
OPM %23%25%13%16%18%9%9%19%16%10%10%11%
Other Income223734-343670494369957577
Interest122252245233223193156182223216193188
Depreciation144208222227231235229264291304313314
Profit before tax324306-28155191-992260332555170
Tax %20%14%51%39%32%-34%35%36%36%30%-390%
Net Profit260265-4294130-65143882084248261
EPS in Rs37.5438.23-6.0913.6418.79-9.412.0756.0430.080.5435.8037.70
Dividend Payout %20%20%-82%55%32%-32%194%9%13%560%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%11%-4%3%
Compounded Profit Growth0%38%-14%1120%
Stock Price CAGR-7%3%-17%3%
Return on Equity7%9%7%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital696969696969696969696969
Reserves1,1321,4401,6351,5341,5821,6441,5271,5201,8752,0202,0182,247
Borrowings2,0662,6872,8232,4261,9592,2052,7332,2391,8711,8011,6041,613
Other Liabilities1,4301,2221,1061,4961,9211,6591,6531,9462,3082,1542,1912,281
Total Liabilities4,6975,4195,6345,5255,5315,5775,9835,7746,1236,0455,8836,210
Fixed Assets2,4102,4324,0994,0713,8883,7423,5153,3034,4634,3074,1093,891
CWIP6311,815591814629391,357201655473
Investments161110111111
Other Assets1,6561,1661,4751,4351,6281,7731,5281,1131,6391,7211,7181,844
Total Assets4,6975,4195,6345,5255,5315,5775,9835,7746,1236,0455,8836,210
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4046202848338192414231,111809419570596
Cash from Investing Activity-741-894-90-115-47-207-682-353-104-136-162-387
Cash from Financing Activity345270-253-574-849-36333-760-652-270-493-161
Net Cash Flow8-4-59144-77-174-25314-8648
Free Cash Flow-347-28318571176528-262754701277400199
CFO/OP90%119%49%209%132%48%163%310%89%62%135%121%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days867366713955502323353248
Inventory Days224155269142229286269104259262217191
Days Payable285234255225321336331261346270262292
Cash Conversion Cycle25-680-12-536-12-134-6428-13-53
Working Capital Days-77-89-77-98-70-69-91-106-81-68-72-65
ROCE %13%12%13%5%12%11%2%4%21%14%6%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%
FIIs4.63%4.90%4.67%4.80%4.28%4.93%5.37%5.39%5.05%5.08%4.96%5.01%
DIIs10.84%12.65%15.46%15.51%14.22%12.94%12.38%12.02%11.36%11.25%10.54%9.53%
Government4.06%4.06%4.06%4.06%4.06%4.06%4.06%4.06%4.06%4.06%4.06%4.06%
Public45.13%43.07%40.48%40.30%42.12%42.74%42.88%43.21%44.22%44.29%45.12%46.07%
No. of Shareholders49,81343,59543,29343,59547,70753,16052,95651,29051,27650,28149,20948,969

Fundamentals

Market Cap₹ 1,053 Cr.
Current Price₹ 152
Stock P/E4.04
Book Value₹ 335
ROCE6.41 %
ROE11.2 %
Dividend Yield2.64 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)1120%
Standalone figures.
Valuation
Market capRs 1,024 Cr
Enterprise valueRs 2,621 Cr
P/E (TTM)3.93x
Price to book0.44x
Price to sales0.22x
EV / EBITDA4.59x
EV / EBIT10.17x
EV / sales0.56x
Price to cash flow1.72x
Earnings yield25.47%
Dividend yield2.71%
P/E, 3-year average82.39x
P/B, 3-year average0.54x
P/E, 5-year average66.45x
P/B, 5-year average0.62x
Profitability
Operating margin (excl. other income)10.36%
Operating margin (incl. other income)11.98%
EBITDA margin12.29%
Pre-tax margin1.51%
Net profit margin5.61%
Net margin, latest quarter0.50%
ROE11.25%
ROCE6.40%
ROA4.10%
ROE, 3-year average7.25%
ROCE, 3-year average8.82%
ROA, 3-year average2.53%
ROE, 5-year average8.92%
ROCE, 5-year average10.27%
ROA, 5-year average2.87%
ROIC (approx.)32.25%
Tax rate-389.62%
Other income / net worth3.26%
Growth
Sales growth (latest year)3.43%
Profit growth (latest year)6559.95%
Sales CAGR, 3 years-3.57%
Sales CAGR, 5 years10.91%
Profit CAGR, 3 years-13.88%
Sales growth QoQ-9.82%
Profit growth QoQ-97.61%
Sales growth YoY (latest quarter)0.40%
Per share
EPS (TTM)Rs 37.61
EPS (latest year)Rs 35.71
EPS (latest quarter)Rs 0.83
EPS, 3-year averageRs 22.08
EPS, 5-year averageRs 24.84
Book value per shareRs 333.82
Sales per shareRs 670.16
Cash flow per shareRs 85.84
Free cash flow per shareRs 28.68
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.67
Dividend per share, 5-year averageRs 4.00
Dividends
Dividend payout11.20%
Dividend payout, 3-year average194.65%
Dividend payout, 5-year average157.31%
Efficiency
Asset turnover0.75x
Fixed asset turnover1.19x
Inventory turnover3.47x
Inventory days105 days
Debtor days48 days
Debtors turnover7.57x
Creditor days292 days
Cash conversion cycle-53 days
Working capital days-65 days
Leverage
Total debtRs 1,613 Cr
Cash and bankRs 16 Cr
Net debtRs 1,597 Cr
Debt to equity0.70x
Net debt / EBITDA2.80x
Interest coverage1.37x
Current ratio (filing 2026-03-31)0.69x
Quick ratio (filing 2026-03-31)0.32x
Trade payables (filing 2026-03-31)Rs 1,486 Cr
Owners' fund to total sources37.29%
Debt to assets25.97%
Cash flow
Cash from Operating Activity (latest year)Rs 596 Cr
Cash from Investing Activity (latest year)Rs -387 Cr
Cash from Financing Activity (latest year)Rs -161 Cr
Net Cash Flow (latest year)Rs 48 Cr
Free cash flow (latest year)Rs 199 Cr
FCFE (approx.: FCF + change in debt)Rs 208 Cr
Cash from ops / profit, 5 years4.07x
Sales to cash flow7.80x
Statement figures
Net sales (TTM)Rs 4,649 Cr
Net sales (latest year)Rs 4,645 Cr
Sales (latest quarter)Rs 1,147 Cr
Operating profit excl. other income (latest year)Rs 481 Cr
Operating profit (latest quarter)Rs 115 Cr
Other income (TTM)Rs 77 Cr
EBITDA (TTM)Rs 571 Cr
PBDT (TTM)Rs 384 Cr
Profit before tax (TTM)Rs 70 Cr
Tax (latest year)Rs -197 Cr
Net profit (TTM)Rs 261 Cr
Net profit (latest year)Rs 248 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 314 Cr
Depreciation (latest quarter)Rs 78 Cr
Interest (TTM)Rs 188 Cr
Cost of goods sold (latest year)Rs 3,377 Cr
Total expenditure (latest year)Rs 4,164 Cr
Total income (latest year)Rs 4,720 Cr
Share capitalRs 69 Cr
ReservesRs 2,247 Cr
Shareholders' fundsRs 2,316 Cr
Total assetsRs 6,210 Cr
Net blockRs 3,891 Cr
Capital work in progressRs 473 Cr
InvestmentsRs 1 Cr
ReceivablesRs 613 Cr
InventoryRs 972 Cr
Other liabilitiesRs 2,281 Cr
Shares outstanding (crore)6.94
Ownership
Promoter holding35.32% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 3.9 is at the 4th percentile of its own 6.9-year range (median 8.7, low 3.7, high 311.9).
P/B 0.44 is at the 8th percentile (median 0.76).
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.
PeriodTNPLNifty 50Difference
1 week-0.9%-2.8% +1.9 pts
1 month-1.1%-6.8% +5.7 pts
3 months+0.2%-7.6% +7.8 pts
6 months+20.5%+0.4% +20.1 pts
1 year-2.9%-9.9% +7.0 pts
2 years-31.0%-13.6% -17.5 pts
3 years-44.2%+14.2% -58.4 pts
5 years+7.2%+27.9% -20.7 pts
6 mutual fund schemes hold about ₹90 Cr. Over three months 0 bought more and 5 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Small Cap Fund0.26%25 -38%
ICICI Pru Small Cap Fund0.26%24 -38%
HDFC Retirement Fund-Equity Plan0.32%23 -7%
HDFC Balanced Advantage Fund0.01%8 -0%
ICICI Pru PSU Equity Fund0.33%6 -27%
HDFC Retirement Fund-Hybrid-Equity Plan0.23%4 -29%

Red flags

F-score 7 of 8
explainReceivables outrunning sales Receivables grew 53% vs sales +3% in 2026
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 149% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-09-24: Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding Change in Auditors of the company.
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.

Latest quarter

Jun 2026
Sales ₹1,147 Cr +0.4% vs Jun 2025. Net profit ₹6 Cr +177.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-17Dividend - Rs 4 Per Share
2025-09-11Dividend - Rs 3 Per Share
2024-09-20Annual General Meeting/Dividend - Re 1 Per Share
2024-02-13Interim Dividend - Rs 3 Per Share
2023-09-18Annual General Meeting/Dividend - Rs 5 Per Share
2022-09-13Annual General Meeting/Dividend - Rs 4 Per Share
2021-09-14 Annual General Meeting/Dividend - Rs 3 Per Share
2020-09-09 Annual General Meeting/Dividend - Rs 6 Per Share
2019-09-11 Annual General Meeting/Dividend - Rs 7.50 Per Share
2018-09-11 Annual General Meeting/Dividend Rs 5 Per Share
2017-09-11 Annual General Meeting/Dividend - Rs 7.50 Per Share
2016-09-20 Annual General Meeting/Dividend - Rs 7.50 Per Share
2015-09-10Annual General Meeting And Dividend Rs.6/- Per Share (Purpose Revised)
2014-09-03Dividend - Rs 6/- Per Share
2013-09-06Annual General Meeting And Dividend Rs.5/- Per Share
2012-09-12Annual General Meeting And Dividend Rs.5/- Per Share
2011-09-06Dividend-Rs.5/- Per Share
2010-08-27Annual General Meeting / Dividend Rs 4.50 Per Share
2009-08-28Agm/Div-Rs.4.50 Per Share
2008-08-14Agm/Dividend - 25%
2007-11-12Interim Dividend-20%
2007-08-22Final Dividend-25%
2006-10-26Interim Dividend-15%
2006-08-16Agm/Dividend-15%
DateTypeWhat it says
2026-09-25UpdatesProceedings of the 46th Annual General Meeting held on 24th September, 2026.
2026-09-25Shareholder meetingVoting results of undefined held on September 24, 2026
2026-09-25Shareholder meetingTamil Nadu Newsprint & Papers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026
2026-09-24General UpdatesGeneral Updates on the Outcome of the Board Meeting held on 24th September, 2026
2026-09-24Change in AuditorsChange in Auditors of the company.
2026-09-24Board meeting outcomeOutcome of Board Meeting held on September 24, 2026.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-22Credit Rating- NewCredit Rating- New
2026-09-02Updates46th Annual General Meeting of the Company to be held on 24th September, 2026.
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-12General UpdatesGeneral Updates about Outcome of Board Meeting held on 12th August, 2026
2026-08-12Change in ManagementChange in Management
2026-08-12Board meeting outcomeTamil Nadu Newsprint & Papers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03Shareholder meetingTamil Nadu Newsprint & Papers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-07-31Shareholder meetingVoting results of Postal Ballot
2026-07-31Shareholder meetingTamil Nadu Newsprint & Papers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-07-31Shareholder meetingVoting results of Postal Ballot
2026-07-23Integrated Filing- GovernancIntegrated Governance for the quarter ended 30.06.2026
2026-07-07Structural Digital DatabaseQuarterly Report pertaining to Structured Digital Database for the quarter ended 30th June, 2026
2026-06-30Shareholder meetingNotice of Postal Ballot
2026-06-30ResignationResignation of Director/KMP/SMP
2026-06-30ResignationResignation of Director/KMP/SMP
2026-06-29Shareholder meetingVoting results of Postal Ballot
2026-06-29Shareholder meetingVoting results of Postal Ballot
2026-06-29ResignationResignation of Thiru Yogendra Kumar Varshney as Executive Director (Operations) and Chief Risk Officer of the company w.e.f. Jun 27, 2026.
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Tamil Nadu Newsprint & Papers Ltd?

Tamil Nadu Newsprint & Papers Ltd (TNPL) has a market capitalisation of Rs 1,053 Cr. at the 2026-10-01 close.

What is the P/E ratio of Tamil Nadu Newsprint & Papers Ltd?

Tamil Nadu Newsprint & Papers Ltd trades at a P/E of 4.04 on trailing twelve-month profit, at the 2026-10-01 close.

What were Tamil Nadu Newsprint & Papers Ltd's latest quarterly results?

In the Jun 2026 quarter, Tamil Nadu Newsprint & Papers Ltd sales was Rs 1,147 Cr (+0.4% vs Jun 2025) and net profit was Rs 6 Cr.

What is the 52-week high and low of Tamil Nadu Newsprint & Papers Ltd?

The 52-week high is Rs 175.75 and the 52-week low is Rs 121.51.

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