Tamilnadu Newsprt & Paper
NSE: TNPL · Paper & Paper Products · sector
₹129.84NSE close 2026-10-26
Key numbers
Market cap₹899 cr
Price₹129.84
52w high / low₹167 / ₹122
P/E3.4xSector median 13.8x
P/B0.4xSector median 0.6x
Book value₹334.6
Dividend yield2.31%Sector median 1.38%
ROE11.8%Sector median 5.8%
ROCE6.6%Sector median 5.9%
OPM10.6%Sector median 8.2%
Debt / equity0.69xSector median 0.42x
EV/EBITDA5.0xSector median 8.0x
Interest cover1.4x
Current ratio0.69x
Sales growth 3y-3.6%Sector median -4.5%
Profit growth 3y-13.9%Sector median -13.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 40 companies in Paper & Paper Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹16 cr vs borrowings ₹1,599 cr (FY26): borrowings are higher by ₹1,583 cr.
- Operating profit covered interest 1.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 30% of net profit in the last 12 months.
- Debtor days went from 35 (FY24) to 48 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹129.84 on 2026-10-26: -22.1% from the 52-week high, +6.9% 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 ₹214.05 · low ₹121.91
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 915 | 1,126 | 1,337 | 1,142 | 1,110 | 1,121 | 1,272 | 1,147 |
| EBITDA | 125 | 55 | 103 | 101 | 123 | 116 | 141 | 115 |
| OPM % | 13.7% | 4.9% | 7.7% | 8.9% | 11.1% | 10.3% | 11.1% | 10.0% |
| Other income | 13 | 11 | 57 | 12 | 18 | 25 | 20 | 14 |
| Net profit | 3 | -43 | 22 | -7 | 8 | 7 | 240 | 6 |
| EPS (₹) | 0.37 | -6.20 | 3.20 | -1.07 | 1.17 | 0.98 | 34.72 | 0.83 |
| Revenue YoY | +21.4% | -0.4% | -4.9% | +0.4% | ||||
| Profit YoY | +212.7% | – | +986.3% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,020 | 5,180 | 4,693 | 4,491 | 4,645 | 4,649 |
| EBITDA | 358 | 1,002 | 770 | 428 | 481 | 494 |
| Net profit | 14 | 388 | 208 | 4 | 248 | 261 |
| EPS (₹) | 2.07 | 56.04 | 30.08 | 0.54 | 35.80 | 37.70 |
| Revenue growth | +28.8% | -9.4% | -4.3% | +3.4% | +2.9% | |
| Profit growth | +2,608.6% | -46.3% | -98.2% | +6,542.1% | – | |
| Dividend / share (₹) | 3.00 | 4.00 | 8.00 | 1.00 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -3.6% | +10.9% | +2.9% |
| Net profit | -13.9% | – | – |
| EPS | -13.9% | – | – |
| Share price | – | -16.1% (2y) | -13.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,944 | 2,090 | 2,087 | 2,316 |
| Borrowings | – | 1,071 | 1,796 | 1,592 | 1,599 |
| Cash & equivalents | – | 116 | 48 | 26 | 16 |
| Total assets | – | 6,123 | 6,045 | 5,883 | 6,210 |
| Fixed assets | – | 4,447 | 4,295 | 4,087 | 3,865 |
| Capital work in progress | – | 20 | 16 | 55 | 473 |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 330 | 450 | 400 | 613 |
| Inventory | – | 960 | 1,022 | 1,025 | 972 |
| Payables | – | 0 | 1,056 | 1,239 | 1,486 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,111 | 809 | 419 | 570 | 596 |
| Cash from investing | -353 | -104 | -136 | -162 | -387 |
| Cash from financing | -760 | -652 | -270 | -493 | -161 |
| Capex | 357 | 107 | 143 | 174 | 397 |
| Free cash flow | 754 | 701 | 277 | 396 | 199 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.0% | 10.0% | 0.2% | 10.7% |
| ROCE % | – | 26.0% | 14.1% | 6.0% | 6.2% |
| Debtor days | – | 23 | 35 | 32 | 48 |
| Inventory days | – | 166 | 184 | 166 | 150 |
| Payable days | – | 0 | 191 | 201 | 229 |
| Cash conversion cycle (days) | – | 189 | 28 | -3 | -31 |
| Working capital days | – | -73 | -64 | -69 | -64 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 35.32% |
| FIIs | 5.39% |
| DIIs | 6.57% |
| of which Mutual funds | 5.41% |
| of which Insurance | 0.64% |
| Government | 4.06% |
| Public (non-institutions) | 48.67% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 35.32% | 35.32% | 35.32% | 35.32% | 35.32% | 35.32% | 35.32% | 35.32% |
| Promoter group | % |
|---|---|
| Governor of Tamilnadu | 35.32% |
| Public holders above 1% | % |
|---|---|
| LOK Prakashan Ltd | 8.36% |
| HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund | 3.20% |
| ICICI Prudential Smallcap Fund | 2.20% |
| Sona India Investments LLC | 1.68% |
| Manohar Devabhaktuni | 1.49% |
| Tamilnadu Industrial Development Corporation Ltd | 1.23% |
| Milind Pankaj Patel | 1.06% |
49,436 shareholders. Pledged: 0.00% of promoter shares.
Peers in Paper & Paper Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JKPAPER | ₹6,689 cr | 20.2x | 1.2x | 5.9% | 8.0% | 12.9% | +3.2% | 1.27% |
| WSTCSTPAPR | ₹5,203 cr | 22.6x | 1.4x | 6.5% | 9.4% | 11.5% | -4.5% | 0.74% |
| SESHAPAPER | ₹1,290 cr | 13.0x | 0.6x | 4.9% | 5.9% | 6.5% | -6.3% | 1.22% |
| ANDHRAPAP | ₹1,279 cr | 46.3x | 0.7x | 1.4% | 2.4% | 4.8% | -6.7% | 1.56% |
| NRAIL | ₹1,122 cr | 18.1x | 1.4x | 7.8% | 10.0% | 9.7% | +6.7% | 0.31% |
| TNPL | ₹899 cr | 3.4x | 0.4x | 11.8% | 6.6% | 10.6% | -3.6% | 2.31% |
| PDMJEPAPER | ₹807 cr | 8.8x | 1.2x | 14.5% | 18.3% | 15.4% | +2.1% | 0.71% |
| EMAMIPAP | ₹685 cr | 7.7x | 1.2x | 14.9% | 14.7% | 12.0% | -6.2% | 2.12% |
| SATIA | ₹625 cr | – | 0.6x | -0.7% | 3.6% | 7.8% | -8.3% | 0.32% |
| KUANTUM | ₹623 cr | 17.3x | 0.5x | 3.0% | 4.9% | 13.8% | -5.8% | 4.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Paper & Paper Board | ₹4,631 cr | 89.5% | ₹152 cr | 3.3% |
| Energy | ₹543 cr | 10.5% | ₹-5 cr | -0.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Rs 4 Per Share |
| 2025-09-11 | Dividend | Dividend - Rs 3 Per Share |
| 2024-09-20 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2024-02-13 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2023-09-18 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2022-09-13 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-09-14 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2020-09-09 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2019-09-11 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2018-09-11 | Dividend | Annual General Meeting/Dividend Rs 5 Per Share |
| 2017-09-11 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2016-09-20 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2015-09-10 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share (Purpose Revised) |
| 2014-09-03 | Dividend | Dividend - Rs 6/- Per Share |
| 2013-09-06 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
| 2012-09-12 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
| 2011-09-06 | Dividend | Dividend-Rs.5/- Per Share |
| 2010-08-27 | Dividend | Annual General Meeting / Dividend Rs 4.50 Per Share |
| 2009-08-28 | Other | Agm/Div-Rs.4.50 Per Share |
| 2008-08-14 | Dividend | Agm/Dividend - 25% |
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 Writing and Printing Paper: Manufacture and sale of Writing and Printing Paper.
- Manufacturing of Packaging Board: Manufacture and sale of Packaging Board
- Manufacturing of Cement: Production and sales of Cement.
| Sector | Commodities |
| Industry | Paper & Paper Products |
| Sub-industry | Paper & Paper Products |
| Symbol | TNPL |
| BSE code | 531426 |
| ISIN | INE107A01015 |
| Face value | ₹10.0 |
| Incorporated | 1979-04-16 |
| Website | www.tnpl.com |
| Plants (India / abroad) | 3 / 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.