TCPL Packaging
- Market cap
- ₹ 3,484 Cr.
- P/E
- 27.9x
- P/B
- 4.9x
- 52-week range
- 2,200 – 4,580
- ROE
- 15%
- ROCE
- 18%
- Dividend yield
- 0.7%
- Debt / equity
- 0.88
- Sector
- Industrial Products
- Industry
- Packaging
- Listed on
- NSE, BSE
About
TCPL Packaging Limited is an India-based packaging company. The Company is a manufacturer of printed packaging materials, such as cartons, boxes, shells, hinge lid blanks and is also a manufacturer of flexible packaging materials. It manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. It produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The Company offers blanks and outers to the global tobacco companies. It caters to Indian and global liquor companies for their packaging requirements that include folding cartons and fluted cartons. It is a provider of packaging for customers in the food and beverage industry in India and around the world. The Company also serves pharmaceutical, fast-moving consumer goods (FMCG), agrochemicals and electrical industries. The Company's factories are located at Silvassa, Haridwar, Goa, and Guwahati. It is also a converter of paperboard.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Packaging: 96 companies →TCPL Packaging against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)27.9 against a typical 18: pricier than most peers (1st = cheapest).65th of 95
- Sales growth+15.9% against a typical +22.9% from a year earlier.47th of 74
- Profit growth+65.2% against a typical +25.3% from a year earlier.19th of 68
- Share price, 3 months+27.7% against a typical −3.6%.14th of 87
- Size₹ 3,484.4 Cr. market value against a typical ₹ 116.3 Cr. (1st = largest).4th of 88
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A+ | Stable | 21 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 21 May 2026 | Reaffirmed | Crisil A+ | — | CRISIL | ₹ 550 Cr. | |
| 11 Sep 2025 | ▲ Upgrade | Crisil A+ | — | CRISIL | ₹ 450 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Nov 2026Upcoming | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 11 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 28 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 9 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 31 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 30 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 391 | 354 | 384 | 391 | 439 | 458 | 410 | 409 | 438 | 453 | 436 | 474 |
| Expenses | 327 | 296 | 318 | 321 | 362 | 387 | 339 | 338 | 371 | 374 | 369 | 393 |
| Operating Profit | 64 | 59 | 66 | 69 | 76 | 70 | 70 | 71 | 67 | 79 | 67 | 81 |
| OPM % | 16% | 17% | 17% | 18% | 17% | 15% | 17% | 17% | 15% | 17% | 15% | 17% |
| Other Income | 4 | 2 | 5 | 3 | 1 | 12 | 2 | 3 | 10 | −8 | 10 | 3 |
| Interest | 13 | 14 | 14 | 13 | 13 | 15 | 17 | 26 | 19 | 15 | 17 | 12 |
| Depreciation | 18 | 17 | 18 | 18 | 18 | 19 | 18 | 19 | 21 | 20 | 20 | 22 |
| Profit before tax | 37 | 30 | 39 | 42 | 45 | 49 | 37 | 29 | 37 | 35 | 40 | 50 |
| Tax % | 22% | 30% | 25% | 23% | 20% | 22% | 6% | 22% | 23% | 29% | 47% | 25% |
| Net Profit | 29 | 21 | 29 | 32 | 36 | 38 | 35 | 23 | 28 | 25 | 21 | 38 |
| EPS in Rs | 31.62 | 22.85 | 31.98 | 35.11 | 39.35 | 41.99 | 38.79 | 24.98 | 31.13 | 27.42 | 23.26 | 41.35 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 14%
- 3 Years
- 7%
- TTM
- 5%
- 10 Years
- 11%
- 5 Years
- 26%
- 3 Years
- 1%
- TTM
- −8%
- 10 Years
- 21%
- 5 Years
- 48%
- 3 Years
- 33%
- TTM
- —
- 10 Years
- 18%
- 5 Years
- 20%
- 3 Years
- 20%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| TCPL Packaging | ₹ 4,131.00 | ₹ 3,484 Cr. | 27.9x | 4.9x | 15% | — |
| EPL | ₹ 221.40 | ₹ 7,080 Cr. | 18.6x | 2.7x | 14.9% | 8.3% |
| AGI Greenpac | ₹ 686.05 | ₹ 4,441 Cr. | 12.7x | 1.9x | 15.6% | 13.2% |
| Uflex | ₹ 557.20 | ₹ 4,029 Cr. | 9.5x | 0.4x | 4.1% | 2.1% |
| Mold-Tek Packaging | ₹ 290.00 | ₹ 966 Cr. | 32x | 3.4x | 11% | 8.2% |
| Nilkamal | ₹ 1,623.00 | ₹ 2,403 Cr. | 17.6x | 1.4x | 7.5% | 3.1% |
Management
- Saket Kanoria
- Executive Chairman of the Board, Managing Director
- Jitendra Jain
- Chief Financial Officer
- S. G. Nanavati
- Executive Director
- Akshay Kanoria
- Executive Director
- Vidur Kanoria
- Executive Director
- Harish Anchan
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.