TCPL Packaging Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 8:33 pm

Market Cap	3,836 Cr.
Current Price	4,216
High / Low	4,910/2,006
Stock P/E	27.2
Book Value	713
Dividend Yield	0.52 %
ROCE	20.2 %
ROE	23.8 %
Face Value	10.0
PEG Ratio	0.85

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for TCPL Packaging Ltd

Competitors of TCPL Packaging Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
H T Media Ltd	455 Cr.	19.5	30.0/14.5	169	71.6	0.00 %	3.10 %	0.16 %	2.00
Gala Global Products Ltd	18.0 Cr.	3.29	4.25/2.80		6.97	0.00 %	2.28 %	13.0 %	5.00
DB Corp Ltd	4,471 Cr.	251	405/189	12.0	125	5.18 %	21.0 %	16.7 %	10.0
Vasa Retail and Overseas Ltd (VASA)	2.49 Cr.	4.15	8.55/3.90		29.7	0.00 %	5.30 %	%	10.0
Sandesh Ltd	907 Cr.	1,198	2,058/1,000	11.8	1,783	0.42 %	7.57 %	5.91 %	10.0
Industry Average	1,583.00 Cr	392.57		81.53	209.04	1.15%	8.33%	7.80%	6.15

All Competitor Stocks of TCPL Packaging Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	323	335	349	366	381	361	391	354	384	391	439	458	410
Expenses	274	282	293	306	315	300	327	296	318	321	362	387	339
Operating Profit	48	54	56	60	66	60	64	59	66	69	76	70	70
OPM %	15%	16%	16%	16%	17%	17%	16%	17%	17%	18%	17%	15%	17%
Other Income	0	3	20	3	1	1	4	2	5	3	1	12	2
Interest	9	10	10	11	12	13	13	14	14	13	13	15	17
Depreciation	14	15	15	15	16	16	18	17	18	18	18	19	18
Profit before tax	25	32	51	37	39	33	37	30	39	42	45	49	37
Tax %	27%	29%	20%	28%	29%	27%	22%	30%	25%	23%	20%	22%	6%
Net Profit	19	23	41	27	28	24	29	21	29	32	36	38	35
EPS in Rs	20.34	24.81	44.56	29.51	30.29	26.44	31.62	22.85	31.98	35.11	39.35	41.99	38.79

Last Updated: May 31, 2025, 7:35 am

Below is a detailed analysis of the quarterly data for TCPL Packaging Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 410.00 Cr.. The value appears to be declining and may need further review. It has decreased from 458.00 Cr. (Dec 2024) to 410.00 Cr., marking a decrease of 48.00 Cr..
For Expenses, as of Mar 2025, the value is 339.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 387.00 Cr. (Dec 2024) to 339.00 Cr., marking a decrease of 48.00 Cr..
For Operating Profit, as of Mar 2025, the value is 70.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 70.00 Cr..
For OPM %, as of Mar 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from 15.00% (Dec 2024) to 17.00%, marking an increase of 2.00%.
For Other Income, as of Mar 2025, the value is 2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12.00 Cr. (Dec 2024) to 2.00 Cr., marking a decrease of 10.00 Cr..
For Interest, as of Mar 2025, the value is 17.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 15.00 Cr. (Dec 2024) to 17.00 Cr., marking an increase of 2.00 Cr..
For Depreciation, as of Mar 2025, the value is 18.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 19.00 Cr. (Dec 2024) to 18.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Mar 2025, the value is 37.00 Cr.. The value appears to be declining and may need further review. It has decreased from 49.00 Cr. (Dec 2024) to 37.00 Cr., marking a decrease of 12.00 Cr..
For Tax %, as of Mar 2025, the value is 6.00%. The value appears to be improving (decreasing) as expected. It has decreased from 22.00% (Dec 2024) to 6.00%, marking a decrease of 16.00%.
For Net Profit, as of Mar 2025, the value is 35.00 Cr.. The value appears to be declining and may need further review. It has decreased from 38.00 Cr. (Dec 2024) to 35.00 Cr., marking a decrease of 3.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 38.79. The value appears to be declining and may need further review. It has decreased from 41.99 (Dec 2024) to 38.79, marking a decrease of 3.20.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:39 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	373	395	498	593	613	698	816	890	904	1,076	1,432	1,486	1,671
Expenses	318	333	416	492	516	613	711	764	770	920	1,196	1,237	1,389
Operating Profit	55	61	82	101	97	85	105	126	134	156	236	249	282
OPM %	15%	16%	17%	17%	16%	12%	13%	14%	15%	15%	16%	17%	17%
Other Income	2	-0	-0	-0	1	2	1	2	3	2	27	12	20
Interest	16	18	17	20	22	25	28	37	37	33	44	52	54
Depreciation	20	24	22	25	29	35	36	48	52	55	61	68	73
Profit before tax	20	20	43	55	46	27	42	42	48	70	158	141	174
Tax %	34%	37%	25%	31%	30%	25%	31%	14%	29%	30%	26%	24%
Net Profit	14	12	32	38	32	20	29	37	34	49	118	107	135
EPS in Rs	15.53	14.37	37.00	44.00	37.32	22.22	31.81	40.13	37.08	54.13	129.16	117.08	148.46
Dividend Payout %	17%	17%	16%	17%	17%	17%	16%	10%	20%	18%	15%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-14.29%	166.67%	18.75%	-15.79%	-37.50%	45.00%	27.59%	-8.11%	44.12%	140.82%	-9.32%
Change in YoY Net Profit Growth (%)	0.00%	180.95%	-147.92%	-34.54%	-21.71%	82.50%	-17.41%	-35.69%	52.23%	96.70%	-150.14%

TCPL Packaging Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	14%
3 Years:	16%
TTM:	14%

Compounded Profit Growth
10 Years:	16%
5 Years:	31%
3 Years:	43%
TTM:	33%

Stock Price CAGR
10 Years:	24%
5 Years:	77%
3 Years:	67%
1 Year:	96%

Return on Equity
10 Years:	19%
5 Years:	21%
3 Years:	24%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 2:43 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	9	9	9	9	9	9	9	9	9	9	9	9
Reserves	69	79	105	136	170	207	232	260	292	335	443	531	568
Borrowings	153	158	180	235	303	298	320	356	321	421	459	468	581
Other Liabilities	62	75	103	105	119	123	155	174	218	240	250	275	318
Total Liabilities	293	321	397	485	601	637	716	799	839	1,006	1,161	1,283	1,477
Fixed Assets	161	183	228	282	365	358	418	452	448	504	496	606	646
CWIP	1	4	2	9	4	6	0	1	11	5	44	7	28
Investments	0	0	0	0	0	0	0	0	4	28	47	59	46
Other Assets	131	134	168	194	231	273	298	346	375	468	574	610	757
Total Assets	293	321	397	485	601	637	716	799	839	1,006	1,161	1,283	1,477

Below is a detailed analysis of the balance sheet data for TCPL Packaging Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 9.00 Cr..
For Reserves, as of Sep 2024, the value is 568.00 Cr.. The value appears strong and on an upward trend. It has increased from 531.00 Cr. (Mar 2024) to 568.00 Cr., marking an increase of 37.00 Cr..
For Borrowings, as of Sep 2024, the value is 581.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 468.00 Cr. (Mar 2024) to 581.00 Cr., marking an increase of 113.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 318.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 275.00 Cr. (Mar 2024) to 318.00 Cr., marking an increase of 43.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 1,477.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,283.00 Cr. (Mar 2024) to 1,477.00 Cr., marking an increase of 194.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 646.00 Cr.. The value appears strong and on an upward trend. It has increased from 606.00 Cr. (Mar 2024) to 646.00 Cr., marking an increase of 40.00 Cr..
For CWIP, as of Sep 2024, the value is 28.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2024) to 28.00 Cr., marking an increase of 21.00 Cr..
For Investments, as of Sep 2024, the value is 46.00 Cr.. The value appears to be declining and may need further review. It has decreased from 59.00 Cr. (Mar 2024) to 46.00 Cr., marking a decrease of 13.00 Cr..
For Other Assets, as of Sep 2024, the value is 757.00 Cr.. The value appears strong and on an upward trend. It has increased from 610.00 Cr. (Mar 2024) to 757.00 Cr., marking an increase of 147.00 Cr..
For Total Assets, as of Sep 2024, the value is 1,477.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,283.00 Cr. (Mar 2024) to 1,477.00 Cr., marking an increase of 194.00 Cr..

However, the Borrowings (581.00 Cr.) are higher than the Reserves (₹568.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	55	69	72	80	48	81	86	115	77	119	225
Cash from Investing Activity +	-43	-61	-86	-112	-33	-69	-72	-46	-138	-101	-157
Cash from Financing Activity +	-12	-6	13	32	-15	-11	-16	-67	60	-18	-66
Net Cash Flow	0	2	-1	0	-0	2	-2	3	-1	-1	3

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-98.00	-97.00	-98.00	-134.00	-206.00	-213.00	-215.00	-230.00	-187.00	-265.00	-223.00	-219.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	69	68	60	60	61	69	66	66	72	78	74	84
Inventory Days	76	76	76	76	109	98	92	94	101	98	96	82
Days Payable	61	70	79	61	84	67	65	62	98	88	66	74
Cash Conversion Cycle	84	75	58	74	86	100	93	98	74	87	105	92
Working Capital Days	44	38	28	34	48	59	56	64	73	83	88	85
ROCE %	17%	16%	22%	22%	16%	11%	13%	13%	14%	15%	22%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%
FIIs	0.42%	0.53%	0.80%	0.95%	0.69%	0.61%	0.71%	0.74%	0.80%	0.78%	0.93%	0.91%
DIIs	5.73%	4.88%	3.37%	3.94%	3.99%	3.99%	5.94%	6.49%	8.01%	9.20%	11.35%	11.68%
Public	38.12%	38.85%	40.10%	39.13%	39.34%	39.41%	37.37%	36.80%	35.22%	34.05%	31.75%	31.45%
Others	0.00%	0.00%	0.00%	0.25%	0.25%	0.25%	0.25%	0.25%	0.24%	0.23%	0.23%	0.23%
No. of Shareholders	10,173	12,595	15,189	17,659	17,600	18,123	15,674	15,686	14,545	14,082	13,774	14,277

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	544,751	0.91	123.26	544,751	2025-04-22 15:56:52	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	111.39	121.36	51.51	36.78
Diluted EPS (Rs.)	111.39	121.36	51.51	36.78
Cash EPS (Rs.)	190.04	191.62	112.97	93.38
Book Value[Excl.RevalReserv]/Share (Rs.)	577.72	487.41	376.20	330.17
Book Value[Incl.RevalReserv]/Share (Rs.)	577.72	487.41	376.20	330.17
Revenue From Operations / Share (Rs.)	1693.83	1620.75	1193.12	993.21
PBDIT / Share (Rs.)	287.91	269.90	173.48	149.46
PBIT / Share (Rs.)	209.27	199.64	112.02	92.86
PBT / Share (Rs.)	147.89	166.58	74.46	52.03
Net Profit / Share (Rs.)	111.39	121.36	51.51	36.78
NP After MI And SOA / Share (Rs.)	111.39	122.05	52.03	36.78
PBDIT Margin (%)	16.99	16.65	14.54	15.04
PBIT Margin (%)	12.35	12.31	9.38	9.35
PBT Margin (%)	8.73	10.27	6.24	5.23
Net Profit Margin (%)	6.57	7.48	4.31	3.70
NP After MI And SOA Margin (%)	6.57	7.53	4.36	3.70
Return on Networth / Equity (%)	19.28	25.14	13.92	11.14
Return on Capital Employeed (%)	23.20	25.73	16.72	17.25
Return On Assets (%)	7.63	9.11	4.41	3.99
Long Term Debt / Equity (X)	0.42	0.43	0.61	0.43
Total Debt / Equity (X)	0.93	1.11	1.32	0.93
Asset Turnover Ratio (%)	1.21	1.28	1.17	0.00
Current Ratio (X)	1.20	1.12	0.99	1.04
Quick Ratio (X)	0.79	0.64	0.59	0.62
Inventory Turnover Ratio (X)	3.93	4.22	4.12	0.00
Dividend Payout Ratio (NP) (%)	17.95	8.19	14.11	10.87
Dividend Payout Ratio (CP) (%)	10.52	5.19	6.47	4.28
Earning Retention Ratio (%)	82.05	91.81	85.89	89.13
Cash Earning Retention Ratio (%)	89.48	94.81	93.53	95.72
Interest Coverage Ratio (X)	4.69	5.19	4.62	3.66
Interest Coverage Ratio (Post Tax) (X)	2.81	2.97	2.37	1.90
Enterprise Value (Cr.)	2492.04	1766.27	1096.83	669.09
EV / Net Operating Revenue (X)	1.62	1.20	1.01	0.74
EV / EBITDA (X)	9.51	7.19	6.95	4.92
MarketCap / Net Operating Revenue (X)	1.32	0.86	0.60	0.43
Retention Ratios (%)	82.04	91.80	85.88	89.12
Price / BV (X)	3.86	2.90	1.93	1.32
Price / Net Operating Revenue (X)	1.32	0.86	0.60	0.43
EarningsYield	0.04	0.08	0.07	0.08

After reviewing the key financial ratios for TCPL Packaging Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 111.39. This value is within the healthy range. It has decreased from 121.36 (Mar 23) to 111.39, marking a decrease of 9.97.
For Diluted EPS (Rs.), as of Mar 24, the value is 111.39. This value is within the healthy range. It has decreased from 121.36 (Mar 23) to 111.39, marking a decrease of 9.97.
For Cash EPS (Rs.), as of Mar 24, the value is 190.04. This value is within the healthy range. It has decreased from 191.62 (Mar 23) to 190.04, marking a decrease of 1.58.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 577.72. It has increased from 487.41 (Mar 23) to 577.72, marking an increase of 90.31.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 577.72. It has increased from 487.41 (Mar 23) to 577.72, marking an increase of 90.31.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,693.83. It has increased from 1,620.75 (Mar 23) to 1,693.83, marking an increase of 73.08.
For PBDIT / Share (Rs.), as of Mar 24, the value is 287.91. This value is within the healthy range. It has increased from 269.90 (Mar 23) to 287.91, marking an increase of 18.01.
For PBIT / Share (Rs.), as of Mar 24, the value is 209.27. This value is within the healthy range. It has increased from 199.64 (Mar 23) to 209.27, marking an increase of 9.63.
For PBT / Share (Rs.), as of Mar 24, the value is 147.89. This value is within the healthy range. It has decreased from 166.58 (Mar 23) to 147.89, marking a decrease of 18.69.
For Net Profit / Share (Rs.), as of Mar 24, the value is 111.39. This value is within the healthy range. It has decreased from 121.36 (Mar 23) to 111.39, marking a decrease of 9.97.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 111.39. This value is within the healthy range. It has decreased from 122.05 (Mar 23) to 111.39, marking a decrease of 10.66.
For PBDIT Margin (%), as of Mar 24, the value is 16.99. This value is within the healthy range. It has increased from 16.65 (Mar 23) to 16.99, marking an increase of 0.34.
For PBIT Margin (%), as of Mar 24, the value is 12.35. This value is within the healthy range. It has increased from 12.31 (Mar 23) to 12.35, marking an increase of 0.04.
For PBT Margin (%), as of Mar 24, the value is 8.73. This value is below the healthy minimum of 10. It has decreased from 10.27 (Mar 23) to 8.73, marking a decrease of 1.54.
For Net Profit Margin (%), as of Mar 24, the value is 6.57. This value is within the healthy range. It has decreased from 7.48 (Mar 23) to 6.57, marking a decrease of 0.91.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.57. This value is below the healthy minimum of 8. It has decreased from 7.53 (Mar 23) to 6.57, marking a decrease of 0.96.
For Return on Networth / Equity (%), as of Mar 24, the value is 19.28. This value is within the healthy range. It has decreased from 25.14 (Mar 23) to 19.28, marking a decrease of 5.86.
For Return on Capital Employeed (%), as of Mar 24, the value is 23.20. This value is within the healthy range. It has decreased from 25.73 (Mar 23) to 23.20, marking a decrease of 2.53.
For Return On Assets (%), as of Mar 24, the value is 7.63. This value is within the healthy range. It has decreased from 9.11 (Mar 23) to 7.63, marking a decrease of 1.48.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.42. This value is within the healthy range. It has decreased from 0.43 (Mar 23) to 0.42, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.93. This value is within the healthy range. It has decreased from 1.11 (Mar 23) to 0.93, marking a decrease of 0.18.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.21. It has decreased from 1.28 (Mar 23) to 1.21, marking a decrease of 0.07.
For Current Ratio (X), as of Mar 24, the value is 1.20. This value is below the healthy minimum of 1.5. It has increased from 1.12 (Mar 23) to 1.20, marking an increase of 0.08.
For Quick Ratio (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1. It has increased from 0.64 (Mar 23) to 0.79, marking an increase of 0.15.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.93. This value is below the healthy minimum of 4. It has decreased from 4.22 (Mar 23) to 3.93, marking a decrease of 0.29.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 17.95. This value is below the healthy minimum of 20. It has increased from 8.19 (Mar 23) to 17.95, marking an increase of 9.76.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.52. This value is below the healthy minimum of 20. It has increased from 5.19 (Mar 23) to 10.52, marking an increase of 5.33.
For Earning Retention Ratio (%), as of Mar 24, the value is 82.05. This value exceeds the healthy maximum of 70. It has decreased from 91.81 (Mar 23) to 82.05, marking a decrease of 9.76.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.48. This value exceeds the healthy maximum of 70. It has decreased from 94.81 (Mar 23) to 89.48, marking a decrease of 5.33.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.69. This value is within the healthy range. It has decreased from 5.19 (Mar 23) to 4.69, marking a decrease of 0.50.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.81. This value is below the healthy minimum of 3. It has decreased from 2.97 (Mar 23) to 2.81, marking a decrease of 0.16.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,492.04. It has increased from 1,766.27 (Mar 23) to 2,492.04, marking an increase of 725.77.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.62. This value is within the healthy range. It has increased from 1.20 (Mar 23) to 1.62, marking an increase of 0.42.
For EV / EBITDA (X), as of Mar 24, the value is 9.51. This value is within the healthy range. It has increased from 7.19 (Mar 23) to 9.51, marking an increase of 2.32.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.32. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 1.32, marking an increase of 0.46.
For Retention Ratios (%), as of Mar 24, the value is 82.04. This value exceeds the healthy maximum of 70. It has decreased from 91.80 (Mar 23) to 82.04, marking a decrease of 9.76.
For Price / BV (X), as of Mar 24, the value is 3.86. This value exceeds the healthy maximum of 3. It has increased from 2.90 (Mar 23) to 3.86, marking an increase of 0.96.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.32. This value is within the healthy range. It has increased from 0.86 (Mar 23) to 1.32, marking an increase of 0.46.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to 0.04, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of TCPL Packaging Ltd as of June 1, 2025 is: 3,711.74

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, TCPL Packaging Ltd is Overvalued by 11.96% compared to the current share price 4,216.00

Intrinsic Value of TCPL Packaging Ltd as of June 1, 2025 is: 4,898.59

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, TCPL Packaging Ltd is Undervalued by 16.19% compared to the current share price 4,216.00

Last 5 Year EPS CAGR: 31.98%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.75%, which is a positive sign. The company has shown consistent growth in sales (444.92 cr) and profit (68.15 cr) over the years.	The stock has a high average Working Capital Days of 58.33, which may not be favorable. The stock has a high average Cash Conversion Cycle of 85.50, which may not be favorable. The company has higher borrowings (327.15) compared to reserves (263.62), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in TCPL Packaging Ltd:
1. Net Profit Margin: 6.57%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23.2% (Industry Average ROCE: 8.33%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 19.28% (Industry Average ROE: 7.8%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.81
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.79
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 27.2 (Industry average Stock P/E: 81.53)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.93
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

TCPL Packaging Ltd. is a Public Limited Listed company incorporated on 27/08/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L22210MH1987PLC044505 and registration number is 044505. Currently Company is involved in the business activities of Manufacture of plastics products. Company's Total Operating Revenue is Rs. 1485.93 Cr. and Equity Capital is Rs. 9.10 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Printing/Publishing/Stationery	Empire Mills Complex, Mumbai Maharashtra 400013	info@tcpl.in http://www.tcpl.in

Management
Name	Position Held
Mr. K K Kanoria	Executive Chairman
Mr. Saket Kanoria	Managing Director
Mr. S G Nanavati	Executive Director
Mr. Akshay Kanoria	Executive Director
Mr. Vidur Kanoria	Executive Director
Mr. Rishav Kanoria	Director
Mrs. Deepa Harris	Independent Director
Mr. Tarang Jain	Independent Director
Mr. Ashish Razdan	Independent Director
Mr. Sunil Talati	Independent Director
Dr. Andreas Blaschke	Independent Director
Mr. Sanjiv Anand	Independent Director

FAQ

What is the intrinsic value of TCPL Packaging Ltd?

TCPL Packaging Ltd's intrinsic value (as of 31 May 2025) is ₹3711.74 — 11.96% lower the current market price of 4,216.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,836 Cr. market cap, FY2025-2026 high/low of ₹4,910/2,006, reserves of 568 Cr, and liabilities of 1,477 Cr.

What is the Market Cap of TCPL Packaging Ltd?

The Market Cap of TCPL Packaging Ltd is 3,836 Cr..

What is the current Stock Price of TCPL Packaging Ltd as on 31 May 2025?

The current stock price of TCPL Packaging Ltd as on 31 May 2025 is 4,216.

What is the High / Low of TCPL Packaging Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of TCPL Packaging Ltd stocks is ₹4,910/2,006.

What is the Stock P/E of TCPL Packaging Ltd?

The Stock P/E of TCPL Packaging Ltd is 27.2.

What is the Book Value of TCPL Packaging Ltd?

The Book Value of TCPL Packaging Ltd is 713.

What is the Dividend Yield of TCPL Packaging Ltd?

The Dividend Yield of TCPL Packaging Ltd is 0.52 %.

What is the ROCE of TCPL Packaging Ltd?

The ROCE of TCPL Packaging Ltd is 20.2 %.

What is the ROE of TCPL Packaging Ltd?

The ROE of TCPL Packaging Ltd is 23.8 %.

What is the Face Value of TCPL Packaging Ltd?

The Face Value of TCPL Packaging Ltd is 10.0.