TCPL Packaging Limited
NSE: TCPLPACK · Packaging · sector
₹4,010.30NSE close 2026-10-26
Key numbers
Market cap₹3,649 cr
Price₹4,010.30
52w high / low₹4,580 / ₹2,200
P/E31.6xSector median 16.2x
P/B5.1xSector median 1.4x
Book value₹789.9
Dividend yield0.75%Sector median 0.58%
ROE16.9%Sector median 9.8%
ROCE17.8%Sector median 11.6%
OPM15.3%Sector median 9.2%
Debt / equity0.80xSector median 0.39x
EV/EBITDA14.7xSector median 7.7x
Interest cover3.5x
Current ratio1.26x
Sales growth 3y+7.9%Sector median +4.7%
Profit growth 3y-4.2%Sector median +0.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹20 cr vs borrowings ₹575 cr (FY26): borrowings are higher by ₹555 cr.
- Operating profit covered interest 3.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY23).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Debtor days went from 83 (FY24) to 93 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,010.30 on 2026-10-26: -12.4% from the 52-week high, +82.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,657.35 · low ₹2,214.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 455 | 480 | 422 | 418 | 460 | 465 | 454 | 493 |
| EBITDA | 70 | 71 | 72 | 66 | 69 | 63 | 67 | 86 |
| OPM % | 15.3% | 14.7% | 17.1% | 15.8% | 15.1% | 13.6% | 14.8% | 17.4% |
| Other income | 8 | 12 | 4 | 9 | 9 | 9 | 11 | 2 |
| Net profit | 36 | 38 | 38 | 22 | 29 | 25 | 22 | 40 |
| EPS (₹) | 39.05 | 41.46 | 41.78 | 24.52 | 31.56 | 27.52 | 23.87 | 43.96 |
| Revenue YoY | +1.1% | -3.1% | +7.4% | +17.9% | ||||
| Profit YoY | -19.2% | -33.6% | -42.9% | +79.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,065 | 1,442 | 1,513 | 1,770 | 1,810 | 1,872 |
| EBITDA | 135 | 221 | 223 | 293 | 279 | 286 |
| Net profit | 47 | 111 | 101 | 143 | 98 | 115 |
| EPS (₹) | 51.51 | 121.36 | 111.39 | 157.16 | 107.47 | 126.91 |
| Revenue growth | +35.4% | +4.9% | +17.0% | +2.3% | +5.4% | |
| Profit growth | +134.6% | -8.7% | +41.1% | -31.6% | -13.6% | |
| Dividend / share (₹) | 7.35 | 10.00 | 20.00 | 22.00 | 30.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.9% | +15.4% | +5.4% |
| Net profit | -4.2% | +23.9% | -13.6% |
| EPS | -4.0% | +23.9% | – |
| Share price | – | +8.4% (2y) | +12.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 442 | 526 | 644 | 719 |
| Borrowings | – | 489 | 489 | 589 | 575 |
| Cash & equivalents | – | 7 | 25 | 20 | 20 |
| Total assets | – | 1,218 | 1,328 | 1,612 | 1,716 |
| Fixed assets | – | 573 | 685 | 760 | 876 |
| Capital work in progress | – | 44 | 4 | 59 | 10 |
| Investments | – | 0 | 0 | 14 | 10 |
| Receivables | – | 295 | 345 | 463 | 460 |
| Inventory | – | 241 | 206 | 214 | 243 |
| Payables | – | 162 | 181 | 215 | 228 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 97 | 109 | 234 | 133 | 290 |
| Cash from investing | -195 | -90 | -157 | -150 | -141 |
| Cash from financing | 101 | -22 | -76 | 18 | -146 |
| Capex | 189 | 100 | 146 | 159 | 154 |
| Free cash flow | -92 | 9 | 88 | -26 | 136 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.1% | 19.3% | 22.2% | 13.6% |
| ROCE % | – | 21.4% | 18.8% | 18.8% | 17.1% |
| Debtor days | – | 75 | 83 | 95 | 93 |
| Inventory days | – | 99 | 85 | 78 | 85 |
| Payable days | – | 67 | 75 | 78 | 80 |
| Cash conversion cycle (days) | – | 107 | 93 | 95 | 98 |
| Working capital days | – | 15 | 24 | 29 | 33 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.74% |
| FIIs | 1.05% |
| DIIs | 14.77% |
| of which Mutual funds | 7.89% |
| Government | 0.00% |
| Public (non-institutions) | 28.25% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.74% | 55.74% | 55.74% | 55.74% | 55.74% | 55.74% | 55.74% | 55.74% |
| Promoter group | % |
|---|---|
| Narmada Fintrade Private Limited | 21.40% |
| Accuraform Private Limited | 21.32% |
| Samridhi Holding Private Limited | 2.95% |
| Saubhagya Investors & Dealers Private Limited | 2.53% |
| Kahini Saket Kanoria | 2.19% |
| Akshay Kanoria | 1.26% |
| Rishav Kanoria | 1.26% |
| Vidur Kanoria | 1.26% |
| Urmila Kanoria | 0.88% |
| Saket Kanoria | 0.46% |
| Sangita Jindal | 0.22% |
| Veer Kanoria | 0.01% |
| Sajjan Jindal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Anil Kumar Goel | 7.69% |
| Dsp Small Cap Fund | 7.06% |
| Clarus Capital I | 4.71% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.73% |
| Molecular Trading And Mercantile Pvt Ltd | 1.60% |
| Seema Goel | 1.36% |
| Mncl Capital Compounder Fund 2 | 1.31% |
14,391 shareholders. Pledged: 0.00% of promoter shares.
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| COSMOFIRST | ₹1,928 cr | 11.4x | 1.2x | 10.8% | 11.4% | 10.5% | +5.9% | 0.54% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-04 | Dividend | Dividend - Rs 25 Per Share |
| 2025-07-24 | Dividend | Dividend - Rs 30 Per Share |
| 2024-07-23 | Dividend | Annual General Meeting/Dividend - Rs 22 Per Share |
| 2023-07-28 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2022-08-02 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2021-08-18 | Dividend | Annual General Meeting/Dividend - Rs 7.35 Per Share |
| 2020-07-22 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2019-09-05 | Dividend | Annual General Meeting/Dividend - Rs 5.25 Per Share |
| 2018-08-23 | Dividend | Annual General Meeting/Dividend- Rs 3.70 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of packaging materials: The Company manufactures paperboard-based packaging materials, flexible packaging products, rigid boxes, and gravure printing cylinders.
| Sector | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | TCPLPACK |
| BSE code | 523301 |
| ISIN | INE822C01015 |
| Face value | ₹10.0 |
| Incorporated | 1987-08-27 |
| Website | www.tcpl.in |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.