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TCPL Packaging Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,951.19Overvalued by 25.70%vs CMP ₹3,972.00

P/E (29.9) × ROE (15.5%) × BV (₹791.00) × DY (0.63%)

₹1,937.75Overvalued by 51.21%vs CMP ₹3,972.00
MoS: -105% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,473.8323%Over (-12.5%)
Graham NumberEarnings₹1,475.4617%Over (-62.9%)
Earnings PowerEarnings₹432.9711%Over (-89.1%)
DCFCash Flow₹2,084.5011%Over (-47.5%)
Net Asset ValueAssets₹791.107%Over (-80.1%)
EV/EBITDAEnterprise₹2,506.269%Over (-36.9%)
Earnings YieldEarnings₹1,223.207%Over (-69.2%)
ROCE CapitalReturns₹2,083.319%Over (-47.6%)
Revenue MultipleRevenue₹931.746%Over (-76.5%)
Consensus (9 models)₹1,937.75100%Overvalued
Key Drivers: Wide model spread (₹433–₹3,474) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.7%

*Investments are subject to market risks

Analyst Summary

TCPL Packaging Ltd operates in the Printing/Publishing/Stationery segment, current market price is ₹3,972.00, market cap is 3,615 Cr.. At a glance, stock P/E is 29.9, ROE is 15.5 %, ROCE is 17.9 %, book value is 791, dividend yield is 0.63 %. The latest intrinsic value estimate is ₹1,937.75, around 51.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,696 Cr versus the prior period change of 13.7%, while latest net profit is about ₹141 Cr with a prior-period change of 38.2%. The 52-week range shown on this page is 4,430/2,200, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisTCPL 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 L2…

This summary is generated from the stock page data available for TCPL Packaging Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

58
TCPL Packaging Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health69/100 · Strong
ROCE 17.9% GoodROE 15.5% GoodD/E 0.93 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.09% (6mo) Slight increaseDII holding up 1.54% MF buyingPromoter holding at 55.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 17% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): -18% YoY Declining
Industry Rank65/100 · Strong
P/E 29.9 vs industry 18.4 Premium to peersROCE 17.9% vs industry 10.0% Above peersROE 15.5% vs industry 9.5% Above peers3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 8:21 am

Market Cap 3,615 Cr.
Current Price 3,972
Intrinsic Value₹1,937.75
High / Low 4,430/2,200
Stock P/E29.9
Book Value 791
Dividend Yield0.63 %
ROCE17.9 %
ROE15.5 %
Face Value 10.0
PEG Ratio1.69

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

View Share Price Target for TCPL Packaging Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TCPL Packaging Ltd 3,615 Cr. 3,972 4,430/2,20029.9 7910.63 %17.9 %15.5 % 10.0
DB Corp Ltd 3,678 Cr. 206 290/18510.4 1363.39 %18.3 %14.3 % 10.0
D B Corp Ltd 3,686 Cr. 207 290/18510.5 1363.38 %18.3 %14.3 % 10.0
Navneet Education Ltd 2,955 Cr. 134 168/12123.6 92.32.25 %10.2 %8.03 % 2.00
Flair Writing Industries Ltd 2,663 Cr. 253 349/24323.0 1050.40 %14.8 %11.2 % 5.00
Industry Average2,279.63 Cr426.9418.38214.391.11%10.03%9.51%6.27

All Competitor Stocks of TCPL Packaging Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 366381361391354384391439458410409438453
Expenses 306315300327296318321362387339338371374
Operating Profit 60666064596669767070716779
OPM % 16%17%17%16%17%17%18%17%15%17%17%15%17%
Other Income 31142531122310-8
Interest 11121313141413131517261915
Depreciation 15161618171818181918192120
Profit before tax 37393337303942454937293735
Tax % 28%29%27%22%30%25%23%20%22%6%22%23%29%
Net Profit 27282429212932363835232825
EPS in Rs 29.5130.2926.4431.6222.8531.9835.1139.3541.9938.7924.9831.1327.42

Last Updated: March 3, 2026, 2:20 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3954985936136988168909041,0761,4321,4911,6961,710
Expenses 3334164925166137117647709201,1961,2421,4091,422
Operating Profit 61821019785105126134156236249287287
OPM % 16%17%17%16%12%13%14%15%15%16%17%17%17%
Other Income -0-0-01212322711156
Interest 18172022252837373344545677
Depreciation 24222529353648525561697378
Profit before tax 204355462742424870158137173139
Tax % 37%25%31%30%25%31%14%29%30%26%26%18%
Net Profit 123238322029373449118102141111
EPS in Rs 14.3737.0044.0037.3222.2231.8140.1337.0854.13129.16111.58155.24122.32
Dividend Payout % 17%16%17%17%17%16%10%20%18%15%20%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)166.67%18.75%-15.79%-37.50%45.00%27.59%-8.11%44.12%140.82%-13.56%38.24%
Change in YoY Net Profit Growth (%)0.00%-147.92%-34.54%-21.71%82.50%-17.41%-35.69%52.23%96.70%-154.38%51.79%

TCPL Packaging Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:14%
3 Years:16%
TTM:13%
Compounded Profit Growth
10 Years:16%
5 Years:31%
3 Years:43%
TTM:19%
Stock Price CAGR
10 Years:22%
5 Years:53%
3 Years:33%
1 Year:-3%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:23%
Last Year:24%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: July 23, 2026, 4:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 999999999999
Reserves 105136170207232260292335443521640711
Borrowings 180235303298320356321421459484614599
Other Liabilities 103105119123155174218240250288305338
Total Liabilities 3974856016377167998391,0061,1611,3031,5681,657
Fixed Assets 228282365358418452448504496644703827
CWIP 2946011154476410
Investments 00000042847455360
Other Assets 168194231273298346375468574607747760
Total Assets 3974856016377167998391,0061,1611,3031,5681,657

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 69728048818611577119236140267
Cash from Investing Activity + -61-86-112-33-69-72-46-138-101-182-157-142
Cash from Financing Activity + -61332-15-11-16-6760-18-5119-122
Net Cash Flow 2-10-02-23-1-1323
Free Cash Flow 9-13-2918-92561-273064-15121
CFO/OP 95%81%93%63%87%75%96%60%66%110%64%107%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow61.00-98.00-134.00-206.00-213.00-215.00-230.00-187.00-265.00-223.00-235.00-327.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 686060616966667278748496
Inventory Days 76767610998929410198968477
Days Payable 707961846765629888667578
Cash Conversion Cycle 75587486100939874871059394
Working Capital Days -12-15-13-14-3-8-224162024
ROCE %16%22%22%16%11%13%13%14%15%22%20%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.73%
FIIs 0.71%0.74%0.80%0.78%0.93%0.91%1.18%0.94%0.92%0.96%1.04%1.01%
DIIs 5.94%6.49%8.01%9.20%11.35%11.68%11.55%11.63%12.15%12.66%13.56%13.69%
Public 37.37%36.80%35.22%34.05%31.75%31.45%31.32%31.48%30.96%30.42%29.45%29.34%
Others 0.25%0.25%0.24%0.23%0.23%0.23%0.22%0.22%0.22%0.21%0.21%0.20%
No. of Shareholders 15,67415,68614,54514,08213,77414,27716,18516,83516,48615,98815,71715,413

Shareholding Pattern Chart

No. of Shareholders

TCPL Packaging Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 642,415 0.95 170.62639,2822025-12-15 01:00:080.49%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 157.16111.39121.3651.5136.78
Diluted EPS (Rs.) 157.16111.39121.3651.5136.78
Cash EPS (Rs.) 240.12190.04191.62112.9793.38
Book Value[Excl.RevalReserv]/Share (Rs.) 707.43577.72487.41376.20330.17
Book Value[Incl.RevalReserv]/Share (Rs.) 707.43577.72487.41376.20330.17
Revenue From Operations / Share (Rs.) 1945.341693.831620.751193.12993.21
PBDIT / Share (Rs.) 337.84287.91269.90173.48149.46
PBIT / Share (Rs.) 254.88209.27199.64112.0292.86
PBT / Share (Rs.) 190.85147.89166.5874.4652.03
Net Profit / Share (Rs.) 157.16111.39121.3651.5136.78
NP After MI And SOA / Share (Rs.) 157.16111.39122.0552.0336.78
PBDIT Margin (%) 17.3616.9916.6514.5415.04
PBIT Margin (%) 13.1012.3512.319.389.35
PBT Margin (%) 9.818.7310.276.245.23
Net Profit Margin (%) 8.076.577.484.313.70
NP After MI And SOA Margin (%) 8.076.577.534.363.70
Return on Networth / Equity (%) 22.2119.2825.1413.9211.14
Return on Capital Employeed (%) 23.0123.2025.7316.7217.25
Return On Assets (%) 8.877.639.114.413.99
Long Term Debt / Equity (X) 0.400.420.430.610.43
Total Debt / Equity (X) 0.910.931.111.320.93
Asset Turnover Ratio (%) 1.201.211.281.170.00
Current Ratio (X) 1.231.201.120.991.04
Quick Ratio (X) 0.870.790.640.590.62
Inventory Turnover Ratio (X) 8.433.934.224.120.00
Dividend Payout Ratio (NP) (%) 13.9917.958.1914.1110.87
Dividend Payout Ratio (CP) (%) 9.1610.525.196.474.28
Earning Retention Ratio (%) 86.0182.0591.8185.8989.13
Cash Earning Retention Ratio (%) 90.8489.4894.8193.5395.72
Interest Coverage Ratio (X) 5.284.695.194.623.66
Interest Coverage Ratio (Post Tax) (X) 3.452.812.972.371.90
Enterprise Value (Cr.) 4709.632492.041766.271096.83669.09
EV / Net Operating Revenue (X) 2.661.621.201.010.74
EV / EBITDA (X) 15.329.517.196.954.92
MarketCap / Net Operating Revenue (X) 2.341.320.860.600.43
Retention Ratios (%) 86.0082.0491.8085.8889.12
Price / BV (X) 6.433.862.901.931.32
Price / Net Operating Revenue (X) 2.341.320.860.600.43
EarningsYield 0.030.040.080.070.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of TCPL Packaging Ltd and is it undervalued?

As of 04 September 2026, TCPL Packaging Ltd's intrinsic value is ₹1937.75, which is 51.21% lower than the current market price of ₹3,972.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.5 %), book value (₹791), dividend yield (0.63 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TCPL Packaging Ltd?

TCPL Packaging Ltd is trading at ₹3,972.00 as of 04 September 2026, with a FY2026-2027 high of ₹4,430 and low of ₹2,200. The stock is currently near its 52-week high. Market cap stands at ₹3,615 Cr..

How does TCPL Packaging Ltd's P/E ratio compare to its industry?

TCPL Packaging Ltd has a P/E ratio of 29.9, which is above the industry average of 18.38. The premium over industry average may reflect growth expectations or speculative interest.

Is TCPL Packaging Ltd financially healthy?

Key indicators for TCPL Packaging Ltd: ROCE of 17.9 % indicates efficient capital utilization; ROE of 15.5 % shows strong shareholder returns. Dividend yield is 0.63 %.

Is TCPL Packaging Ltd profitable and how is the profit trend?

TCPL Packaging Ltd reported a net profit of ₹141 Cr in Mar 2025 on revenue of ₹1,696 Cr. Compared to ₹49 Cr in Mar 2022, the net profit shows an improving trend.

Does TCPL Packaging Ltd pay dividends?

TCPL Packaging Ltd has a dividend yield of 0.63 % at the current price of ₹3,972.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 8:21 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in TCPL Packaging Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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