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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TCPL Packaging Ltd

About the Company - TCPL Packaging Ltd

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 other containers of paper and paperboard. Company’s Total Operating Revenue is Rs. 1076.02 Cr. and Equity Capital is Rs. 9.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryEmpire Mills Complex, Mumbai Maharashtra 400013info@tcpl.in
http://www.tcpl.in
Management
NamePosition Held
Mr. K K KanoriaExecutive Chairman
Mr. Saket KanoriaManaging Director
Mr. S G NanavatiExecutive Director
Mr. Akshay KanoriaExecutive Director
Mr. Rishav KanoriaDirector
Mrs. Deepa HarrisIndependent Director
Mr. Rabindra JhunjhunwalaIndependent Director
Mr. Sudhir MerchantIndependent Director
Mr. Atul SudIndependent Director
Mr. Sunil TalatiIndependent Director

TCPL Packaging Ltd. Share Price Update

Share PriceValue
Today₹2,285.45
Previous Day₹2,339.45

Basic Stock Data of TCPL Packaging Ltd

Market Cap 2,016 Cr.
Current Price 2,215
High / Low2,430/1,240
Stock P/E19.4
Book Value 537
Dividend Yield0.91 %
ROCE21.9 %
ROE26.1 %
Face Value 10.0

Data Source: screener.in

Competitors of TCPL Packaging Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sandesh Ltd 1,011 Cr. 1,3361,437/7827.90 1,4670.37 %12.9 %9.77 % 10.0
Sambhaav Media Ltd 117 Cr. 6.106.52/2.22 4.220.00 %2.05 %3.38 % 1.00
MPS Ltd 2,833 Cr. 1,6561,885/80926.8 2131.81 %33.7 %25.4 % 10.0
Vasa Retail and Overseas Ltd (VASA) 4.02 Cr. 6.7016.8/5.35 29.50.00 %117 %% 10.0
Alkosign Ltd 107 Cr. 196261/70.017.9 62.90.00 %3.69 %3.71 % 10.0
Industry Average814.40 Cr640.1610.52355.320.44%33.87%8.45%8.20

TCPL Packaging Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales245243246226253274323335349366381360389
Expenses208205211196217232274282293306315299325
Operating Profit37383530364248545660666064
OPM %15%16%14%13%14%15%15%16%16%16%17%17%16%
Other Income11100203203114
Interest91088889101011121312
Depreciation13131313141414151515161517
Profit before tax1616159152125325137393438
Tax %33%38%15%37%29%32%27%29%20%28%29%26%20%
Net Profit1010136111419234127282530
EPS in Rs11.5410.9313.846.6011.7415.4420.3424.8144.5629.5130.2927.6933.35

TCPL Packaging Ltd Quarterly Chart

TCPL Packaging Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2833733954985936136988168909041,0761,4321,484
Expenses2423183334164925166137117647709201,1961,236
Operating Profit415561821019785105126134156236248
OPM %15%15%16%17%17%16%12%13%14%15%15%16%17%
Other Income12-0-0-0121232278
Interest13161817202225283737334451
Depreciation18202422252935364852556166
Profit before tax1120204355462742424870158140
Tax %32%34%37%25%31%30%25%31%14%29%30%26%
Net Profit814123238322029373449118104
EPS in Rs8.8615.5314.3737.0044.0037.3222.2231.8140.1337.0854.13129.16114.18
Dividend Payout %23%17%17%16%17%17%17%16%10%20%18%15%

TCPL Packaging Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)75.00%-14.29%166.67%18.75%-15.79%-37.50%45.00%27.59%-8.11%44.12%140.82%
Change in YoY Net Profit Growth (%)0.00%-89.29%180.95%-147.92%-34.54%-21.71%82.50%-17.41%-35.69%52.23%96.70%

TCPL Packaging Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:15%
3 Years:17%
TTM:8%
Compounded Profit Growth
10 Years:23%
5 Years:39%
3 Years:42%
TTM:10%
Stock Price CAGR
10 Years:41%
5 Years:38%
3 Years:75%
1 Year:54%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:18%
Last Year:26%

TCPL Packaging Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9999999999999
Reserves586979105136170207232260292335443480
Borrowings126153158180235303298320356321421459548
Other Liabilities546275103105119123155174218240250244
Total Liabilities2472933213974856016377167998391,0061,1611,281
Fixed Assets146161183228282365358418452448504496582
CWIP314294601115448
Investments0000000004284755
Other Assets98131134168194231273298346375468574636
Total Assets2472933213974856016377167998391,0061,1611,281

TCPL Packaging Ltd Reserves and Borrowings Chart

TCPL Packaging Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 33245569728048818611577119
Cash from Investing Activity -51-31-43-61-86-112-33-69-72-46-138-101
Cash from Financing Activity 197-12-61332-15-11-16-6760-18
Net Cash Flow0-002-10-02-23-1-1

TCPL Packaging Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days606968606061696666727874
Inventory Days84767676761099892941019896
Days Payable716170796184676562988866
Cash Conversion Cycle73847558748610093987487105
Working Capital Days384438283448595664738388
ROCE %14%17%16%22%22%16%11%13%13%14%15%22%

TCPL Packaging Ltd Financial Efficiency Indicators Chart

TCPL Packaging Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%55.74%
FIIs0.32%0.32%0.29%0.37%0.42%0.53%0.80%0.95%0.69%0.61%0.71%0.74%
DIIs8.14%7.71%6.16%6.60%5.73%4.88%3.37%3.94%3.99%3.99%5.94%6.49%
Public35.80%36.24%37.81%37.30%38.12%38.85%40.10%39.13%39.34%39.41%37.37%36.80%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.25%0.25%0.25%0.25%
No. of Shareholders6,7937,14110,0449,95410,17312,59515,18917,65917,60018,12315,67415,686

TCPL Packaging Ltd Shareholding Pattern Chart

No. of TCPL Packaging Ltd Shareholders

TCPL Packaging Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund5447510.91123.26

TCPL Packaging Ltd ROCE Trend

TCPL Packaging Ltd EPS Trend

TCPL Packaging Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21
FaceValue10.0010.0010.00
Basic EPS (Rs.)121.3651.5136.78
Diluted EPS (Rs.)121.3651.5136.78
Cash EPS (Rs.)191.62112.9793.38
Book Value[Excl.RevalReserv]/Share (Rs.)487.41376.20330.17
Book Value[Incl.RevalReserv]/Share (Rs.)487.41376.20330.17
Revenue From Operations / Share (Rs.)1620.751193.12993.21
PBDIT / Share (Rs.)269.90173.48149.46
PBIT / Share (Rs.)199.64112.0292.86
PBT / Share (Rs.)166.5874.4652.03
Net Profit / Share (Rs.)121.3651.5136.78
NP After MI And SOA / Share (Rs.)122.0552.0336.78
PBDIT Margin (%)16.6514.5415.04
PBIT Margin (%)12.319.389.35
PBT Margin (%)10.276.245.23
Net Profit Margin (%)7.484.313.70
NP After MI And SOA Margin (%)7.534.363.70
Return on Networth / Equity (%)25.1413.9211.14
Return on Capital Employeed (%)25.7316.7217.25
Return On Assets (%)9.114.413.99
Long Term Debt / Equity (X)0.430.610.43
Total Debt / Equity (X)1.111.320.93
Asset Turnover Ratio (%)1.281.170.00
Current Ratio (X)1.120.991.04
Quick Ratio (X)0.640.590.62
Inventory Turnover Ratio (X)4.224.120.00
Dividend Payout Ratio (NP) (%)8.1914.1110.87
Dividend Payout Ratio (CP) (%)5.196.474.28
Earning Retention Ratio (%)91.8185.8989.13
Cash Earning Retention Ratio (%)94.8193.5395.72
Interest Coverage Ratio (X)5.194.623.66
Interest Coverage Ratio (Post Tax) (X)2.972.371.90
Enterprise Value (Cr.)1766.271096.83669.09
EV / Net Operating Revenue (X)1.201.010.74
EV / EBITDA (X)7.196.954.92
MarketCap / Net Operating Revenue (X)0.860.600.43
Retention Ratios (%)91.8085.8889.12
Price / BV (X)2.901.931.32
Price / Net Operating Revenue (X)0.860.600.43
EarningsYield0.080.070.08

TCPL Packaging Ltd Profitability Ratios (%)

TCPL Packaging Ltd Liquidity Ratios

TCPL Packaging Ltd Liquidity Ratios (%)

TCPL Packaging Ltd Interest Coverage Ratios (X)

TCPL Packaging Ltd Valuation Ratios

Fair Value / Intrinsic Value of TCPL Packaging Ltd

Fair Value: ₹2743.79

The stock is undervalued by 23.87% compared to the current price ₹2215

*Investments are subject to market risks

Strength and Weakness of TCPL Packaging Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 16.25%, which is a positive sign.
  2. The company has shown consistent growth in sales (466.62 cr) and profit (55.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 134.84 and average Dividend Yield of 10.35%.
  2. The stock has a high average Working Capital Days of 54.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 83.92, which may not be favorable.
  4. The company has higher borrowings (298.31) compared to reserves (220.46), which may suggest financial risk.

Should I Buy TCPL Packaging Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TCPL Packaging Ltd:
    1. Net Profit Margin: 7.48%
      • 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: 25.73% (Industry Average ROCE: 8.41%)
      • 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. Interest Coverage Ratio (Post Tax): 2.97
      • 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.
    4. Quick Ratio: 0.64
      • 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.
    5. ✓ Stock P/E: 19.4 (Industry average Stock P/E: 24.74)
      • 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.
    6. ✗ Total Debt / Equity: 1.11
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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