TCPL Packaging Limited
NSE: TCPLPACKPackaging
Share price
₹4,274.70
+7.02% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
63
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹3,847 Cr
P/E ratio
30.8
P/B ratio
5.4
ROCE
17.7%
ROE
15.7%
Dividend yield
0.6%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 5.0% over the past year, and 16.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 14.9% to 16.2% over the last four years.
Whether it grew faster than its sector
It grew 16.7% a year against a sector median of 10.6% — 6.1 percentage points faster.
Room to re-rate, or risk of de-rating
At 30.8× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 18.1×, across 5 companies. It is against its own five-year median of 19.8×, the 100th percentile of its own range.
Whether growth justifies the valuation
Priced at 10.3 times its growth rate, on earnings growth of 3%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| TCPL Packaging Limited — this one | 3%/yr | 30.8× | ₹10.3 |
| EPL Limited | 22%/yr | 18.1× | ₹0.82 |
| AGI Greenpac Limited | — | 13.7× | — |
| UFLEX Limited | -17%/yr | 6.5× | — |
| Polyplex Corporation Limited | -60%/yr | 20.5× | — |
| Jindal Poly Films Limited | -57%/yr | 48.2× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Packaging), it ranks 7 of 36 on returns, 7 of 35 on growth, 7 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 17.7% on capital, ahead of 81% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹844 crore of cash from the business, spent ₹730 crore on plant and equipment, and returned ₹106 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 6 years, about 180 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 2 days before it paid its own suppliers to waiting 29 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 10 checks clear · 80%
Latest result · Q4 FY26
What the last results showed. Whether management kept its word is in Pro.
Announced 9 Oct 2026 · Standalone · Audited
Revenue
₹436 Cr
Net profit
₹21 Cr
EPS
₹23.27
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹3,847 Cr
- Prev close
- ₹4,274.70
- 52w High
- ₹4,411
- 52w Low
- ₹2,200
- Enterprise value
- ₹4,461 Cr
- Beta
- 1.0
- Price CAGR 1y
- 20.0%
- Price CAGR 3y
- 23.0%
- Price CAGR 5y
- 49.0%
- Price CAGR 10y
- 20.0%
Ratios
- Return on assets
- 5.7%
- PEG ratio
- 10.4
- P/E ratio
- 30.8
- P/B ratio
- 5.4
- EV / EBITDA
- 14.6
- Industry P/E
- 17.4
- ROCE
- 17.7%
- ROCE 5y average
- 18.4%
- ROE
- 15.7%
- Debt / Equity
- 0.9
- Interest coverage
- 2.8
- Dividend yield
- 0.6%
- ROE 3y average
- 20.0%
- ROE last year
- 16.0%
Annual P&L
- Annual revenue
- ₹1,810 Cr
- Annual profit
- ₹98 Cr
- Operating margin
- 16.0%
- Net profit margin
- 5.4%
- EBITDA margin
- 16.1%
- Sales growth 3y
- 7.1%
- Sales growth 5y
- 14.9%
- Profit growth 3y
- 3.0%
- Profit growth 5y
- 26.0%
- EPS
- ₹107
- Sales growth TTM
- 5.0%
- Profit growth TTM
- -7.0%
- Dividend payout
- 23.0%
Quarter P&L
- Sales latest quarter
- ₹493 Cr
- Profit latest quarter
- ₹40 Cr
- YoY quarterly sales growth
- 16.1%
- YoY quarterly profit growth
- 81.8%
- OPM latest quarter
- 17.4%
Balance Sheet
- Book Value
- ₹799
- Face Value
- ₹10.0
- Total debt
- ₹634 Cr
- Total cash
- ₹20 Cr
- Borrowings
- ₹634 Cr
- Reserves / Equity
- 78.9
Cash Flow
- Operating cash flow
- ₹271 Cr
- Free cash flow
- ₹121 Cr
- FCF yield
- 1.1%
- Net cash flow
- ₹3 Cr
Shareholding
- Promoter holding
- 55.7%
- FII holding
- 1.0%
- DII holding
- 13.7%
- Public holding
- 29.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| EPL Ltd | 232.10 | 18.1 | 7,446 | 1.10 | 100.6 | -1.4 | 1,387.9 | 25.3 | 17.8 |
| AGI Greenpac | 782.15 | 13.7 | 5,060 | 0.88 | 99.6 | 12.1 | 785.3 | 14.2 | 19.5 |
| Uflex | 619.20 | 6.4 | 4,471 | 0.48 | 423.1 | 629.6 | 5,366.0 | 37.6 | 7.0 |
| TCPL Packaging | 3,986.80 | 29.1 | 3,628 | 0.60 | 40.0 | 79.3 | 493.0 | 16.1 | 17.7 |
| Polyplex Corpn | 1,000.70 | 20.3 | 3,141 | 0.29 | 171.1 | 571.4 | 2,253.6 | 29.6 | 0.9 |
| Jindal Poly Film | 636.25 | 47.6 | 2,786 | 0.00 | 107.2 | 39.1 | 695.8 | -23.8 | -2.0 |
| XPRO India | 1,093.20 | 78.5 | 2,566 | 0.18 | 7.6 | 244.9 | 174.4 | 20.4 | 3.8 |
| Knack Packaging | 205.40 | 24.7 | 2,513 | 0.00 | 31.5 | 59.0 | 256.8 | 40.3 | 34.1 |
| Median | 169.85 | 19.8 | 536 | 0.23 | 8.7 | 42.4 | 139.2 | 22.5 | 12.9 |
Competes with: AGI Greenpac Limited, AMD Industries Limited, Aeroflex Neu Limited, Antarctica Limited, Arrow Greentech Limited, B&B Triplewall Containers Limited, COSMO FIRST LIMITED, Commercial Syn Bags Limited, Dhunseri Ventures Limited, EPL Limited, Emmbi Industries Limited, Ester Industries Limited, Gujarat Raffia Industries Limited, Haldyn Glass Limited, Hitech Corporation Limited, Huhtamaki India Limited, Jindal Poly Films Limited, Kanpur Plastipack Limited, Knack Packaging Limited, Mold-Tek Packaging Limited, Nahar Poly Films Limited, Oricon Enterprises Limited, Orient Press Limited, Polyplex Corporation Limited, Polyspin Exports Limited, Pyramid Technoplast Limited, Rajshree Polypack Limited, Rollatainers Limited, Shree Rama Multi-Tech Limited, Shree Tirupati Balajee Agro Trading Company Limited, Shri Jagdamba Polymers Limited, TPL Plastech Limited, UFLEX Limited, Worth Peripherals Limited, Xpro India Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 371 | 406 | 364 | 401 | 406 | 463 | 480 | 422 | 425 | 460 | 471 | 454 | 493 |
| Expenses | 310 | 341 | 309 | 330 | 334 | 386 | 409 | 350 | 352 | 391 | 390 | 384 | 407 |
| Material Cost | 231 | 229 | 287 | 276 | 260 | 281 | |||||||
| Change in Inventories | -0.27 | 6.52 | -18 | -7.54 | 0.38 | -5.90 | |||||||
| Purchases of Stock-in-Trade | 0.36 | 0.65 | 1.81 | 1.28 | 3.05 | 1.67 | |||||||
| Employee Cost | 42 | 46 | 46 | 50 | 48 | 52 | |||||||
| Other Expenses | 77 | 70 | 74 | 70 | 73 | 77 | |||||||
| Operating Profit | 61 | 65 | 55 | 70 | 71 | 77 | 71 | 72 | 73 | 69 | 81 | 69 | 86 |
| OPM % | 17 | 16 | 15 | 18 | 18 | 17 | 15 | 17 | 17 | 15 | 17 | 15 | 17 |
| Other Income | 1 | 3 | 7 | 1 | 2 | 1 | 12 | 4 | 2 | 9 | -9 | 9 | 2 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | -12 | -2.22 | 0 | |||||||
| Interest | 14 | 13 | 15 | 14 | 13 | 14 | 15 | 18 | 26 | 20 | 15 | 18 | 12 |
| Depreciation | 16 | 18 | 18 | 19 | 19 | 19 | 19 | 18 | 20 | 22 | 21 | 21 | 23 |
| Profit before tax | 32 | 37 | 28 | 38 | 41 | 45 | 48 | 39 | 29 | 37 | 35 | 40 | 53 |
| Tax % | 26 | 22 | 31 | 24 | 23 | 20 | 22 | 4 | 23 | 23 | 29 | 46 | 24 |
| Net Profit | 24 | 28 | 19 | 29 | 32 | 36 | 38 | 38 | 22 | 29 | 25 | 22 | 40 |
| EPS in Rs | 26 | 31 | 21 | 31 | 35 | 39 | 41 | 42 | 25 | 32 | 28 | 24 | 44 |
| Diluted EPS in Rs | 42 | 25 | 32 | 28 | 24 | 44 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 890 | 904 | 1,086 | 1,475 | 1,541 | 1,770 | 1,810 | 1,878 |
| Expenses | 764 | 770 | 931 | 1,239 | 1,290 | 1,476 | 1,518 | 1,573 |
| Material Cost | 1,005 | 1,053 | ||||||
| Change in Inventories | 0.58 | -18 | ||||||
| Purchases of Stock-in-Trade | 1.07 | 6.80 | ||||||
| Employee Cost | 167 | 190 | ||||||
| Other Expenses | 303 | 287 | ||||||
| Operating Profit | 126 | 133 | 155 | 236 | 252 | 294 | 292 | 306 |
| OPM % | 14 | 15 | 14 | 16 | 16 | 17 | 16 | 16 |
| Other Income | 2 | 3 | 3 | 27 | 10 | 14 | 11 | 11 |
| Exceptional items (within Other Income) | 0 | -14 | ||||||
| Interest | 37 | 37 | 34 | 48 | 56 | 58 | 79 | 65 |
| Depreciation | 48 | 52 | 56 | 64 | 72 | 75 | 83 | 87 |
| Profit before tax | 42 | 47 | 68 | 152 | 135 | 174 | 141 | 165 |
| Tax % | 14 | 29 | 31 | 27 | 26 | 18 | 31 | |
| Net Profit | 37 | 33 | 47 | 110 | 99 | 143 | 98 | 115 |
| EPS in Rs | 40 | 37 | 52 | 122 | 109 | 157 | 107 | 127 |
| Diluted EPS in Rs | 157 | 107 | ||||||
| Dividend Payout % | 10 | 20 | 19 | 16 | 20 | 19 | 23 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 15%
- 3 years
- 7%
- TTM
- 5%
Compounded profit growth
- 10 years
- —
- 5 years
- 26%
- 3 years
- 3%
- TTM
- -7%
Stock price CAGR
- 10 years
- 20%
- 5 years
- 49%
- 3 years
- 23%
- 1 year
- 20%
Return on equity
- 10 years
- —
- 5 years
- 20%
- 3 years
- 20%
- Last year
- 16%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9.10 | 9.10 | |
| Reserves | 291 | 331 | 433 | 514 | 635 | 710 | |
| Borrowings | 321 | 463 | 501 | 504 | 651 | 634 | |
| Other Liabilities | 217 | 268 | 274 | 299 | 317 | 363 | |
| Minority Interest | 0 | ||||||
| Total Liabilities | 838 | 1,072 | 1,217 | 1,326 | 1,612 | 1,716 | |
| Fixed Assets | 448 | 541 | 580 | 696 | 771 | 895 | |
| CWIP | 11 | 48 | 44 | 7 | 64 | 10 | |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | |
| Other Assets | 379 | 482 | 593 | 623 | 776 | 811 | |
| Total Assets | 838 | 1,072 | 1,217 | 1,326 | 1,612 | 1,716 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 111 | 97 | 109 | 234 | 133 | 271 | |
| Cash from Investing Activity | -41 | -195 | -90 | -157 | -150 | -141 | |
| Cash from Financing Activity | -67 | 101 | -22 | -76 | 18 | -127 | |
| Net Cash Flow | 3 | 3 | -2 | 1 | 1 | 3 | |
| Free Cash Flow | 56 | -88 | 13 | 92 | -24 | 121 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 77 | 73 | 82 | 95 | 93 | |
| Inventory Days | 101 | 102 | 99 | 85 | 78 | 85 | |
| Days Payable | 98 | 93 | 67 | 75 | 78 | 80 | |
| Cash Conversion Cycle | 74 | 86 | 106 | 92 | 95 | 98 | |
| Working Capital Days | 2 | -2 | 13 | 18 | 24 | 29 | |
| ROCE % | 14 | 21 | 19 | 20 | 18 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
614inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
17.40cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
66,83,900inr
2026-03-31
News
News and filings about TCPL Packaging Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- AGI Greenpac Limited
- AMD Industries Limited
- Aeroflex Neu Limited
- Antarctica Limited
- Arrow Greentech Limited
- B&B Triplewall Containers Limited
- COSMO FIRST LIMITED
- Commercial Syn Bags Limited
- Dhunseri Ventures Limited
- EPL Limited
- Emmbi Industries Limited
- Ester Industries Limited
- Gujarat Raffia Industries Limited
- Haldyn Glass Limited
- Hitech Corporation Limited
- Huhtamaki India Limited
- Jindal Poly Films Limited
- Kanpur Plastipack Limited
- Knack Packaging Limited
- Mold-Tek Packaging Limited
- Nahar Poly Films Limited
- Oricon Enterprises Limited
- Orient Press Limited
- Polyplex Corporation Limited
- Polyspin Exports Limited
- Pyramid Technoplast Limited
- Rajshree Polypack Limited
- Rollatainers Limited
- Shree Rama Multi-Tech Limited
- Shree Tirupati Balajee Agro Trading Company Limited
Uses as raw material
- aluminium foil
- inks, varnish, adhesives and coatings
- paperboard / recycled paperboard
- plastic granules / polyethylene film
- tipping / cigarette paper
Depends on the price of
- aluminium
- paper_pulp
Buys from
- ACCURA INKS PRIVATE LIMITED
Sells to
- Bayer Cropscience Limited · Flexible pouch packaging for agrochemicals
- Colgate-Palmolive India · Folding carton packaging (Colgate)
- Godfrey Phillips India Limited · Printed cigarette shells and tobacco packaging
- Hindustan Unilever · Folding cartons and FMCG packaging (cited as a lead packaging supplier to HUL)
- ITC Limited · Folding cartons and food/tobacco packaging (e.g. Dark Fantasy, Fabelle)
- Nestle India · Flexible packaging and cartons (KitKat, Milkybar, Munch)
- VST Industries Limited · Printed cigarette shells and tobacco packaging
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Packaging
- Classification
- Capital Goods › Packaging
- ISIN
- INE822C01015
Plants
- TCPL Accura Technik Gravure Cylinder Facility
- TCPL Chennai Greenfield Factory
- TCPL Goa Factory
- TCPL Greater Noida Factory (Creative Offset)
- TCPL Guwahati Factory
- TCPL Haridwar Factory
- TCPL Silvassa Carton Factory
- TCPL Silvassa Flexible Packaging Unit
News impact
Big market events that reach TCPL Packaging Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 4 Aug 2026 | unspecified | ₹25 |
|---|---|---|
| 24 Jul 2025 | unspecified | ₹30 |
| 23 Jul 2024 | unspecified | ₹22 |
| 28 Jul 2023 | unspecified | ₹20 |
| 2 Aug 2022 | unspecified | ₹10 |
| 18 Aug 2021 | unspecified | ₹7.35 |
| 22 Jul 2020 | unspecified | ₹4 |
| 5 Sep 2019 | unspecified | ₹5.25 |
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 1, delete 0, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
- bse-history fill: 442 BSE bars before cutoff, code 523301, seam residual 1.00141× · 17 Oct 2017
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 24 Sep 2026 | Saket Kanoria · Promoter and Director | SELL | 1,000 | — |
| 24 Sep 2026 | Veer Kanoria · Promoter Group | BUY | 1,000 | — |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2712 Aug 2026
- Annual report · 2025-2620 Jul 2026
- Results presentation30 Jun 2026
- Earnings call3 Jun 2026
- Earnings call16 Feb 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.