Is TCPL Packaging Ltd (TCPLPACK) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TCPL Packaging Ltd is a average quality company .

Is TCPL Packaging Ltd (TCPLPACK) undervalued or overvalued?

The key valuation ratios of TCPL Packaging Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is TCPL Packaging Ltd (TCPLPACK) share price return in the past 10 years?

TCPL Packaging Ltd share price has appreciated 17.1% annually (CAGR) over the past ten years.

Is TCPL Packaging Ltd (TCPLPACK) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of TCPL Packaging Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of TCPL Packaging Ltd (TCPLPACK)?

Company share prices are keep on changing according to the market conditions. The current trading price of TCPL Packaging Ltd (TCPLPACK) on 10-Apr-2026 16:59:59 at 16:59 is 2533.40.

What is the market cap of TCPL Packaging Ltd (TCPLPACK)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of TCPL Packaging stood at Rs. 2305.39 Cr.

What is the P/E ratio of TCPL Packaging?

The latest standalone P/E ratio of TCPL Packaging as of 10-Apr-2026 is 20.71.

What is the P/B ratio of TCPL Packaging Ltd (TCPLPACK)?

The latest standalone P/B ratio of TCPL Packaging Ltd (TCPLPACK) as of 10-Apr-2026 is 3.30.

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

The 52-week high of TCPL Packaging Ltd (TCPLPACK) is Rs. 4450.00 and the 52-week low is Rs. 2205.00.

What is the TTM revenue of TCPL Packaging Ltd (TCPLPACK)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TCPL Packaging is Rs. 1683.74 (Cr.).

TCPL Packaging Ltd (TCPLPACK) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: TCPL Packaging Ltd (TCPLPACK)
Brand: TCPL Packaging

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	0%	0%	0%	0%	14%	14.7%	23.2%	19.6%	20.7%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	0	0.1	0.7	0.4	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	0	904	1,086	1,475	1,541	1,770	1,752
Sales YoY Gr.	-	NA	NA	NA	NA	NA	20.1%	35.8%	4.5%	14.9%	-
Adj EPS ⓘ	0	0	0	0	0	35.3	50.3	102.8	104.3	154.7	125.4
YoY Gr.	-	NA	NA	NA	NA	NA	42.5%	104.4%	1.5%	48.3%	-
BVPS (₹) ⓘ	0	0	0	0	0	330.2	373.6	485.3	573.9	706.8	763
Adj Net Profit ⓘ	0	0	0	0	0	32.1	45.7	93.5	94.9	141	114
Cash Flow from Ops. ⓘ	0	0	0	0	0	111	97	109	234	133	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	2.7	4.6	4.5	2.1	4.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	17.7%	14.9%
Adj EPS ⓘ	NA	NA	45.5%	48.3%
BVPSⓘ	NA	NA	23.7%	23.2%
Share Price	17.1%	43.5%	18.5%	-34.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	10.7	14.3	23.9	19.7	24.1	17.1
Op. Profit Mgn % ⓘ	14.8	14.2	16.1	16.3	17.1	16.9
Net Profit Mgn % ⓘ	3.6	4.2	6.3	6.2	8	6.5
Debt to Equity ⓘ	1	1.3	1.1	0.9	0.9	-
Working Cap Days ⓘ	0	148	138	149	148	80
Cash Conv. Cycle ⓘ	0	65	70	81	78	13

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.70%

Net Profit is growing at healthy rate in last 3 years 45.45%

Debt to equity has declined versus last 3 years average to 0.92

Return on Equity has declined versus last 3 years average to 17.10%

Sales growth is not so good in last 4 quarters at 2.12%

	Standalone	Consolidated
TTM EPS (₹)	122.3	125.4
TTM Sales (₹ Cr.)	1,684	1,752
BVPS (₹) ⓘ	767.6	763
Reserves (₹ Cr.) ⓘ	689	685
P/BV ⓘ	3.30	3.32
PE ⓘ	20.71	20.20

From the Market
52 Week Low / High (₹)	2205.00 / 4450.00
All Time Low / High (₹)	2.25 / 4909.55
Market Cap (₹ Cr.)	2,305
Equity (₹ Cr.)	9.1
Face Value (₹)	10
Industry PE ⓘ	20.1

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	904	1,086	1,475	1,541	1,770
Operating Expenses ⓘ +	770	931	1,239	1,290	1,477
Manufacturing Costs	114	118	153	177	188
Material Costs	523	654	888	884	1,007
Employee Cost	90	102	123	146	167
Other Costs ⓘ	43	58	75	83	115
Operating Profit ⓘ	133	154	236	252	293
Operating Profit Margin (%)	14.8%	14.2%	16.0%	16.3%	16.6%
Other Income ⓘ +	3	4	10	11	14
Exceptional Items ⓘ	0	0	17	0	0
Interest ⓘ	37	34	48	56	58
Depreciation ⓘ	51	56	64	72	75
Profit Before Tax ⓘ	47	68	152	135	174
Tax ⓘ	14	21	41	35	31
Profit After Tax	33	47	110	99	143
PAT Margin (%)	3.7%	4.3%	7.5%	6.5%	8.1%
Adjusted EPS (₹)	36.8	52.0	122.1	109.2	157.2
Dividend Payout Ratio (%)	20%	19%	16%	20%	19%

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	300	340	442	522	643
Share Capital ⓘ	9	9	9	9	9
Reserves ⓘ	291	331	433	513	634
Debt +	251	391	412	413	519
Long Term Debt	132	209	193	225	261
Short Term Debt	120	182	219	188	257
Minority Interest	0	2	2	0	0
Trade Payables	141	166	162	181	215
Others Liabilities ⓘ	161	191	237	246	278
Total Liabilities ⓘ	854	1,090	1,255	1,362	1,656
Fixed Assets
Net Fixed Assets ⓘ +	448	540	580	696	771
Gross Block	621	759	855	1,044	1,183
Accumulated Depreciation	173	218	275	348	412
CWIP ⓘ	11	48	44	7	64
Investments ⓘ	0	0	0	0	0
Inventories	145	183	241	206	214
Trade Receivables	177	228	295	345	463
Cash Equivalents	6	11	7	25	20
Others Assets ⓘ	67	79	87	84	123
Total Assets ⓘ	854	1,090	1,255	1,362	1,656

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	111	97	109	234	133
PBT ⓘ	47	68	152	135	174
Adjustment ⓘ	85	87	103	122	121
Changes in Working Capital ⓘ	-8	-40	-109	15	-119
Tax Paid ⓘ	-13	-18	-36	-38	-43
Cash Flow From Investing Activity ⓘ +	-41	-195	-90	-157	-150
Capex	-54	-185	-97	-142	-156
Net Investments	13	-11	6	-16	5
Others ⓘ	0	1	1	2	2
Cash Flow From Financing Activity ⓘ +	-67	101	-22	-76	18
Net Proceeds from Shares ⓘ	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-10	77	2	33	31
Interest Paid ⓘ	-35	-33	-46	-53	-55
Dividend Paid ⓘ	-4	-7	-9	-18	-20
Others ⓘ	-18	64	32	-37	62
Net Cash Flow ⓘ	3	3	-2	1	1

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	11.14	14.64	28.26	20.62	24.54
ROCE (%)	14.02	14.67	23.16	19.62	20.67
Asset Turnover Ratio	1.06	1.12	1.26	1.18	1.17
PAT to CFO Conversion(x)	3.36	2.06	0.99	2.36	0.93
Working Capital Days
Receivable Days	72	68	65	76	83
Inventory Days	58	55	53	53	43
Payable Days	98	86	68	71	72

About TCPL Packaging Ltd

TCPL Packaging Limited, formerly Twenty-First Century Printers Ltd was incorporated in August 1987. It is an ISO 9001:2000 and BRC/IoP certified packaging unit. It is one of leading and largest manufacturers of folding cartons in India.

TCPL Packaging Ltd began commercial production at its plant at Silvassa, Union Territory of Dadra & Nagar Haveli, in April 1990, with a web-fed printing machine equipped with an in-line die cutter.

The first client being Godfrey Phillips India (associates of Phillip Morris International), TCPL had its initial experience in the cigarette industry. Printed shells and hinge lid packs were what TCPL cut its teeth on, and from there, it was no looking back.

With the precious experience gathered while catering to the needs of Godfrey Phillips India TCPL began to look at other players in the cigarette industry and soon had many other cigarette majors as its clients.

Business was looking good and it was time to expand. The second six colour rotogravure machine was commissioned at its plant in 1995. With this, it also started forays in the liquor industry.

Then, in 1997, TCPL became the first printing and packaging unit in India to have been certified 1SO 9002. It added a state-of-the-art six colour offset printing machine at its plant and got all set to take on the future in the year 2001.

By 2005, not only had TCPL started supplying printed cartons to almost all FMCG manufacturers in India, but exports were also growing at a very fast pace. It felt the need for an additional manufacturing unit to service its customers in the northern region of India.

In the year 2005, TCPL set-up its second plant, a state-of-the-art manufacturing unit at Haridwar in the Northern India at an outlay of Rs.300 million (US$ 6.5 million). Since then TCPL has been constantly adding equipments and new capacity to maintain its level of service and quality to its ever growing range of customers. Today, TCPL is one of the largest converters of paperboard in India and its revenue for the year ended 31st March, 2008 is Rs.130.93 crores equivalent to approx $32.50 million.

TCPL has set-up an in-house prepress house known as Accura Reprotech Pvt. Ltd. which handles its prepress requirements and also services other prestigious clients.

Business area of the company:

TCPL manufactures packaging material for the following segments

Cigarette
Liquor
Food
FMCG
Others

Achievements/ recognition:

2013 - IFCA Star Awards received in 2013
2012 - Indian Institute of Packaging Indiastar Awards received in 2012
2011 - IFCA Star Awards received in 2011
2010 - GlaxoSmithKline Excellence award for Gen X Pack
Printing & Publishing Group Aspiration award
PFFCA Star Award received in 2008
The year 2008, TCPL won 3 awards for various cartons being printed for their customers.
PFFCA Star Award recieved in 2007
PFFCA Star Award recieved in 2005
PFFCA Star Award recieved in 2003
India star Award recieved in 2002
ISO9001:2000 & BRC-IOP Global Stander
Certified 1SO 9002.

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TCPL Packaging Ltd (TCPLPACK) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

TCPL Packaging Share Price