Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: January 18, 2025, 12:38 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504966 | NSE: TINPLATE

Tinplate Company of India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹516.23Undervalued by 20.05%vs CMP ₹430.00

P/E (48.3) × ROE (11.1%) × BV (₹118.00) × DY (2.00%)

₹219.54Overvalued by 48.94%vs CMP ₹430.00
MoS: -95.9% (Negative)Confidence: 66/100 (Moderate)Models: 1 Under, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹514.1721%Under (+19.6%)
Graham NumberEarnings₹153.7215%Over (-64.3%)
Earnings PowerEarnings₹134.1610%Over (-68.8%)
DCFCash Flow₹95.2013%Over (-77.9%)
Net Asset ValueAssets₹117.477%Over (-72.7%)
EV/EBITDAEnterprise₹263.868%Over (-38.6%)
Dividend DiscountDividends₹20.408%Over (-95.3%)
Earnings YieldEarnings₹89.007%Over (-79.3%)
ROCE CapitalReturns₹115.637%Over (-73.1%)
Revenue MultipleRevenue₹377.805%Over (-12.1%)
Consensus (10 models)₹219.54100%Overvalued
Key Drivers: Wide model spread (₹20–₹514) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.4%

*Investments are subject to market risks

Investment Snapshot

60
Tinplate Company of India Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 15.8% GoodROE 11.1% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.51% (6mo) Slight increasePromoter holding at 75.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 9% SteadyWorking capital: -3 days (improving) Efficient
Quarterly Momentum35/100 · Weak
Revenue (4Q): -12% YoY DecliningProfit (4Q): -64% YoY DecliningOPM: 0.0% (up 4.2% YoY) Margin expansion
Industry Rank60/100 · Moderate
P/E 48.3 vs industry 48.3 In-lineROCE 15.8% vs industry 15.8% Average3Y sales CAGR: 23% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Tinplate Company of India Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 48.3 vs Ind 48.3 | ROCE 15.8% | ROE 11.1% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 1.67x | Borrow/Reserve 0.01x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹143 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.48 pp | DII +0.10 pp | Prom 0.00 pp
Business Momentum
0
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +3.0% | Q NP -187.1% | Q OPM -0.9 pp
Derived FieldValueHow it is derived
Valuation Gap %-48.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.01xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.48 ppLatest FII% minus previous FII%
DII Change+0.10 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-5,997Latest shareholder count minus previous count
Quarterly Sales Change+3.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-187.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-0.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: January 18, 2025, 12:38 am

Market Cap 4,506 Cr.
Current Price 430
Intrinsic Value₹514.17
High / Low /
Stock P/E48.3
Book Value 118
Dividend Yield0.00 %
ROCE15.8 %
ROE11.1 %
Face Value 10.0
PEG Ratio-120.85

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

View Share Price Target for Tinplate Company of India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tinplate Company of India Ltd 4,506 Cr. 430 /48.3 1180.00 %15.8 %11.1 % 10.0
Industry Average4,506.00 Cr430.0048.30118.000.00%15.80%11.10%10.00

All Competitor Stocks of Tinplate Company of India Ltd

Quarterly Result

MetricSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales 531.49615.14754.98866.29976.821,179.511,226.881,006.52959.54959.931,032.87914.25941.79
Expenses 499.60561.08669.85764.99869.931,046.061,068.36886.03999.85907.20951.74906.57941.85
Operating Profit 31.8954.0685.13101.30106.89133.45158.52120.49-40.3152.7381.137.68-0.06
OPM % 6.00%8.79%11.28%11.69%10.94%11.31%12.92%11.97%-4.20%5.49%7.85%0.84%-0.01%
Other Income 5.466.777.888.1110.1010.3511.4810.6412.2315.1017.5917.0318.16
Interest 1.721.423.062.462.061.981.712.182.642.634.763.723.56
Depreciation 15.4615.3615.4614.9114.9414.8016.1515.2515.7816.5016.9517.3817.66
Profit before tax 20.1744.0574.4992.0499.99127.02152.14113.70-46.5048.7077.013.61-3.12
Tax % 20.28%25.52%24.61%25.45%25.06%25.26%24.79%25.26%-24.54%25.30%26.55%27.15%-26.60%
Net Profit 16.0832.8256.1668.6274.9394.94114.4284.98-35.1036.3856.562.63-2.29
EPS in Rs 1.543.135.366.557.169.0710.938.12-3.353.475.400.25-0.22

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales 6278771,0599118368301,9192,5842,1062,2814,2503,9593,849
Expenses 5537659117876697391,7552,4511,9542,1043,7483,7453,707
Operating Profit 7411214812416791164133151177501214141
OPM % 12%13%14%14%20%11%9%5%7%8%12%5%4%
Other Income 19212527181816292424395568
Interest 17252112633710881215
Depreciation 48586171736662646162616468
Profit before tax 285091681064111592104132471193126
Tax % 41%43%31%34%36%32%37%37%9%26%25%26%
Net Profit 1728634568287358959835314393
EPS in Rs 1.582.706.004.266.482.666.995.549.089.3733.7113.648.90
Dividend Payout % 54%37%27%38%31%60%29%36%11%21%12%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)64.71%125.00%-28.57%51.11%-58.82%160.71%-20.55%63.79%3.16%260.20%-59.49%
Change in YoY Net Profit Growth (%)0.00%60.29%-153.57%79.68%-109.93%219.54%-181.26%84.34%-60.64%257.05%-319.69%

Tinplate Company of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:16%
3 Years:23%
TTM:-12%
Compounded Profit Growth
10 Years:17%
5 Years:13%
3 Years:12%
TTM:-64%
Stock Price CAGR
10 Years:22%
5 Years:26%
3 Years:11%
1 Year:%
Return on Equity
10 Years:14%
5 Years:17%
3 Years:19%
Last Year:11%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: October 10, 2025, 3:07 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital 105105105105105105105105105105105105105
Reserves 3893954294445185175726066567411,0661,1581,126
Borrowings 2472581384500001413121515
Other Liabilities 212240275277244251431465424496798648618
Total Liabilities 9539989468718678741,1071,1761,1981,3561,9811,9261,864
Fixed Assets 753762723680628604567563578545556596596
CWIP 36122617432443422315543356
Investments 00005385197937221325283
Other Assets 1642231961731902084464745037231,1571,0441,129
Total Assets 9539989468718678741,1071,1761,1981,3561,9811,9261,864

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity + 114841991701149110812453252454215
Cash from Investing Activity + -64-50-35-35-36-57-51-104-32-162-373-269
Cash from Financing Activity + -52-34-164-134-75-28-23-32-33-18-31-56
Net Cash Flow -10-113534-12-127350-109
Free Cash Flow 47301591317366696212223368135
CFO/OP 176%84%147%150%83%112%97%118%60%165%116%123%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-173.00-146.0010.0079.00167.0091.00164.00133.00137.00164.00489.00199.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days 2435201422361918121252
Inventory Days 8568568014985574185635348
Days Payable 8459619011390534153565049
Cash Conversion Cycle 244416459312317441981
Working Capital Days -26-10-15-2028361813269-1-3
ROCE %6%10%16%13%18%7%18%14%15%17%47%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters 74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%
FIIs 0.73%2.42%2.61%2.66%2.97%3.01%2.84%2.26%2.00%2.12%2.03%2.51%
DIIs 0.01%0.01%0.01%0.00%0.01%0.01%0.00%0.00%0.01%0.00%0.15%0.25%
Government 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 24.28%22.60%22.41%22.36%22.04%22.00%22.16%22.75%23.00%22.88%22.84%22.26%
No. of Shareholders 74,14676,19688,74492,07696,60599,6141,06,51197,49492,41188,54881,16475,167

Shareholding Pattern Chart

No. of Shareholders

Tinplate Company of India 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
Motilal Oswal Nifty Microcap 250 Index Fund 28,305 0.2 1.2728,3052025-04-22 15:56:520%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 13.6533.729.389.085.54
Diluted EPS (Rs.) 13.6533.729.389.085.54
Cash EPS (Rs.) 19.7839.4815.2514.9111.60
Book Value[Excl.RevalReserv]/Share (Rs.) 120.52111.7480.7372.5967.86
Book Value[Incl.RevalReserv]/Share (Rs.) 120.52111.7480.7372.5967.86
Dividend / Share (Rs.) 3.004.002.001.002.00
Revenue From Operations / Share (Rs.) 377.76405.50217.69200.93246.62
PBDIT / Share (Rs.) 25.7351.5519.2116.7815.50
PBIT / Share (Rs.) 19.5745.7413.3310.949.44
PBT / Share (Rs.) 18.4144.9612.599.948.76
Net Profit / Share (Rs.) 13.6333.679.379.075.53
PBDIT Margin (%) 6.8112.718.828.356.28
PBIT Margin (%) 5.1811.286.125.443.82
PBT Margin (%) 4.8711.085.784.943.55
Net Profit Margin (%) 3.608.304.304.512.24
Return on Networth / Equity (%) 11.3030.1311.6012.498.15
Return on Capital Employeed (%) 14.5636.6514.3312.9111.67
Return On Assets (%) 7.4117.817.237.934.93
Asset Turnover Ratio (%) 2.032.551.791.772.26
Current Ratio (X) 2.451.991.911.851.67
Quick Ratio (X) 1.741.361.200.811.03
Inventory Turnover Ratio (X) 7.038.645.105.689.36
Dividend Payout Ratio (NP) (%) 29.315.9310.6622.0236.09
Dividend Payout Ratio (CP) (%) 20.195.056.5413.3917.22
Earning Retention Ratio (%) 70.6994.0789.3477.9863.91
Cash Earning Retention Ratio (%) 79.8194.9593.4686.6182.78
Interest Coverage Ratio (X) 22.0765.8725.9616.7822.72
Interest Coverage Ratio (Post Tax) (X) 12.6944.0313.6510.079.11
Enterprise Value (Cr.) 2722.383743.391463.68762.281585.30
EV / Net Operating Revenue (X) 0.680.880.640.360.61
EV / EBITDA (X) 10.106.937.274.339.76
MarketCap / Net Operating Revenue (X) 0.820.980.730.370.62
Retention Ratios (%) 70.6894.0689.3377.9763.90
Price / BV (X) 2.583.591.991.032.28
Price / Net Operating Revenue (X) 0.820.980.730.370.62
EarningsYield 0.040.080.050.120.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company

Tinplate Company of India Ltd. is a Public Limited Listed company incorporated on 20/01/1920 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L28112WB1920PLC003606 and registration number is 003606. Currently Company is involved in the business activities of Manufacturing of Tinplate. Company’s Total Operating Revenue is Rs. 4249.51 Cr. and Equity Capital is Rs. 104.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Metals - Non Ferrous - Others4, Bankshall Street, Kolkata West Bengal 700001company.secretariat@tatatinplate.com
http://www.tatatinplate.com
Management
NamePosition Held
Mr. Koushik ChatterjeeChairman
Mr. R N MurthyManaging Director
Dr. Sougata RayDirector
Mr. Shashi Kant MaudgalDirector
Dr. Rupali BasuDirector
Ms. Atrayee SanyalDirector
Mr. Krishnava DuttDirector
Mr. Prabhat KumarDirector

Tinplate Company of India Ltd. Share Price Update

Share PriceValue
Today₹430.45
Previous Day₹430.45

FAQ

What is the intrinsic value of Tinplate Company of India Ltd and is it undervalued?

As of 05 April 2026, Tinplate Company of India Ltd's intrinsic value is ₹219.54, which is 48.94% lower than the current market price of ₹430.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.1 %), book value (₹118), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tinplate Company of India Ltd?

Tinplate Company of India Ltd is trading at ₹430.00 as of 05 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹4,506 Cr..

How does Tinplate Company of India Ltd's P/E ratio compare to its industry?

Tinplate Company of India Ltd has a P/E ratio of 48.3, which is below the industry average of 48.30. This is broadly in line with or below the industry average.

Is Tinplate Company of India Ltd financially healthy?

Key indicators for Tinplate Company of India Ltd: ROCE of 15.8 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Tinplate Company of India Ltd profitable and how is the profit trend?

Tinplate Company of India Ltd reported a net profit of ₹143 Cr in Mar 2023 on revenue of ₹3,959 Cr. Compared to ₹95 Cr in Mar 2020, the net profit shows an improving trend.

Does Tinplate Company of India Ltd pay dividends?

Tinplate Company of India Ltd has a dividend yield of 0.00 % at the current price of ₹430.00. The company is currently not paying meaningful dividends.

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 Tinplate Company of India 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
Explore Industry-wise Stock Analysis Reports