Tcpl Packaging Limited (TCPLPACK)

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Tcpl Packaging Limited (TCPLPACK) · mywealthgrid

About

Tcpl Packaging operates in industrial packaging, with recent quarterly revenues of ₹440–493 Cr and operating margins around 16%. The company generates ROE of 14.36% and maintains annual dividend payouts since 2022, indicating a mid-cap, cash-generative business within the industrials sector.

Face value: ₹10

Market cap

₹3,574 Cr

P/E

30.9×

P/B

5.0×

Dividend yield

0.6%

ROE

14.4%

ROCE

22.4%

Debt / equity

0.8

OPM

16.2%

EPS (TTM)

₹126.9

Book value

₹789.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 32.22 is elevated for a packaging company; verify earnings growth expectations that would justify this multiple
Revenue oscillates ₹440–493 Cr across recent quarters without clear growth trajectory; assess whether this reflects industry cyclicality or competitive pressure
Operating margins range 15.1–17.4% across quarters; verify exposure to input cost inflation and ability to pass through price increases
D/E ratio of 0.8 is moderate; assess interest coverage and debt serviceability if operating conditions weaken

Generated analysis · source review pending

Growth drivers

Operating margin of 17.43% in Jun 2026 (vs. 15.08% low in Sep 2025) signals recent cost or pricing management; if sustained, absolute profit grows without volume expansion
ROE of 14.36% with recent quarter net profit ₹40.01 Cr indicates capital earning reasonable returns; reinvestment at this rate would drive earnings per share growth
Revenue of ₹492.98 Cr in Jun 2026 was highest in recent quarters; verify whether this reflects demand stabilization or temporary shipment spike
Consistent annual dividends since 2022 demonstrate cash generation; verify whether capex or debt-reduction plans exist for value creation

Generated analysis · source review pending

2,209 historical price candles were omitted because the exchange source has not been verified.

₹3,927.1-4.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 19.9% (3-yr avg)
+High return on capital employed of 24.2%
+Profit CAGR of 23.9% over the last 5 years
+Revenue CAGR of 15.4% over the last 5 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 41
Growth: 52
Valuation: 54

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	886	1,065	1,442	1,513	1,770	1,810
COGS	523	654	888	884	1,007	1,041
Gross profit	363	411	554	629	763	769
	247	276	351	406	470	477
	116	135	203	223	293	292
OPM %	13.1%	12.6%	14.1%	14.7%	16.6%	16.2%
Depreciation	52	56	64	72	75	83
Interest	37	34	47	56	58	79
	20	23	60	39	14	12
Profit before tax	47	68	152	135	174	141
Tax	14	21	41	33	31	44
Tax %	29.3%	30.8%	27.1%	24.7%	17.7%	30.8%
	33	47	110	101	143	98
PAT margin %	3.8%	4.4%	7.7%	6.7%	8.1%	5.4%
EPS (₹)	36.8	51.5	121.4	111.4	157.2	107.5
EPS adjusted (₹)	36.8	52	122.1	111.4	157.2	107.5
	20%	19.4%	16.5%	19.8%	19.1%	23.3%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9
Reserves	291	331	433	517	635	710
Minority interest	—	2	2	—	—	—
	302	449	489	489	589	575
	235	280	286	313	379	423
Total equity & liabilities	838	1,072	1,218	1,328	1,612	1,716
	415	540	580	696	771	895
CWIP	11	48	44	4	59	10
Investments	—	1	0	0	14	10
	413	483	594	628	768	801
Total assets	838	1,072	1,218	1,328	1,612	1,716

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41%	38.6%	38.4%	41.6%	43.1%	42.5%
EBITDA margin %	13.1%	12.6%	14.1%	14.7%	16.6%	16.2%
EBIT margin %	7.3%	7.4%	9.7%	10%	12.3%	11.6%
PAT margin %	3.8%	4.4%	7.7%	6.7%	8.1%	5.4%
Working capital
Receivable days	73	78	75	83	95	93
Inventory days	101	102	99	85	78	85
Payable days	—	93	67	75	78	80
NWC days	—	88	107	94	95	98
Leverage
Current ratio	1.03	1.01	1.12	1.2	1.23	1.26
Debt to EBITDA	2.61	3.33	2.4	2.2	2.01	1.97
Debt to equity	1.01	1.32	1.11	0.93	0.91	0.8
Interest coverage	2.3	3	3.8	3.4	4	3
Asset turnover	1.06	0.99	1.18	1.14	1.1	1.05
Return ratios
Return on assets %	4%	4.4%	9.1%	7.6%	8.9%	5.7%
Return on capital employed %	17.3%	18.4%	27.5%	24.9%	25.4%	22.4%
Return on equity %	11.1%	13.8%	25%	19.3%	22.2%	13.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%	55.74%
	0.71%	0.74%	0.8%	0.78%	0.93%	0.92%	1.18%	0.94%	0.92%	0.96%	1.04%	1.02%
	5.94%	6.5%	8%	9.2%	11.35%	11.68%	11.55%	11.63%	12.15%	12.67%	13.57%	13.69%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.37%	36.78%	35.22%	34.05%	31.75%	31.43%	31.31%	31.47%	30.97%	30.42%	29.44%	29.35%
No. of shareholders	—	—	—	—	—	—	—	—	16,486	15,988	15,717	15,413

Promoter holding up 0 percentage points since Sep 2023.

6 deals · 21 Feb 2022 – 9 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 Mar 2026	HDFC MUTUAL FUND	Bulk	BSE	Sell	77,553	₹2,559.97	₹19.85 Cr
9 Mar 2026	HDFC MUTUAL FUND	Bulk	BSE	Buy	76,000	₹2,560.00	₹19.46 Cr
1 Aug 2024	MNCL CAPITAL COMPOUNDER FUND 2	Bulk	NSE	Buy	49,109	₹3,098.32	₹15.22 Cr
1 Aug 2024	MNCL CAPITAL COMPOUNDER FUND 2	Bulk	BSE	Buy	46,390	₹3,099.38	₹14.38 Cr
21 Feb 2022	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	54,378	₹798.54	₹4.34 Cr
21 Feb 2022	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	54,378	₹798.42	₹4.34 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Saketkumar KanoriaExecutive Director-Chairperson related to Promoter-MD
Mr. Jitendra JainChief Financial Officer
Mrs. Deepa Misra HarrisNon-Executive - Independent Director
Mr. Andreas BlaschkeNon-Executive - Independent Director
Mr. Sanjiv AnandNon-Executive - Independent Director
Mr. Tarang Naresh JainNon-Executive - Independent Director
Mr. Ashish RazdanNon-Executive - Independent Director
Mr. Aniket TalatiNon-Executive - Independent Director
Mr. Rishav Saket KanoriaNon-Executive - Non Independent Director
Mr. Sohan Gamanlal NanavatiExecutive Director
Mr. Akshay KanoriaExecutive Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

7.06%

of the company's equity

All mutual funds

7.89%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
Small Cap Fund	DSP Mutual Fund	6.42 L	251.06	1.16%	7.06%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
Jun 2026Transcript AI Summary PPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend4 Aug 2026 · ex-date₹25
Dividend dividend24 Jul 2025 · ex-date₹30
Final dividend23 Jul 2024 · ex-date₹22
Final dividend28 Jul 2023 · ex-date₹20
Final dividend2 Aug 2022 · ex-date₹10
Final dividend18 Aug 2021 · ex-date₹7.35
Dividend dividend22 Jul 2020 · ex-date₹4
Dividend dividend5 Sept 2019 · ex-date₹5.25
Dividend dividend23 Aug 2018 · ex-date₹3.7
Dividend dividend1 Aug 2017 · ex-date₹6.25
Dividend dividend29 Jul 2016 · ex-date₹7.35
Dividend dividend30 Jul 2015 · ex-date₹6
Dividend dividend17 Jul 2014 · ex-date₹2.5
Dividend dividend16 Jul 2013 · ex-date₹2.65
Dividend dividend13 Jul 2012 · ex-date₹2
Dividend dividend16 Jun 2011 · ex-date₹1.5
Dividend dividend2 Sept 2010 · ex-date₹1.5
Dividend dividend11 Jun 2009 · ex-date₹1.5
Dividend dividend7 Aug 2008 · ex-date₹1.5
Dividend dividend9 Aug 2007 · ex-date₹1.5

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

29 Sept 2026, 4:09 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41%	38.6%	38.4%	41.6%	43.1%	42.5%
EBITDA margin %	13.1%	12.6%	14.1%	14.7%	16.6%	16.2%
EBIT margin %	7.3%	7.4%	9.7%	10%	12.3%	11.6%
PAT margin %	3.8%	4.4%	7.7%	6.7%	8.1%	5.4%
Working capital
Receivable days	73	78	75	83	95	93
Inventory days	101	102	99	85	78	85
Payable days	—	93	67	75	78	80
NWC days	—	88	107	94	95	98
Leverage
Current ratio	1.03	1.01	1.12	1.2	1.23	1.26
Debt to EBITDA	2.61	3.33	2.4	2.2	2.01	1.97
Debt to equity	1.01	1.32	1.11	0.93	0.91	0.8
Interest coverage	2.3	3	3.8	3.4	4	3
Asset turnover	1.06	0.99	1.18	1.14	1.1	1.05
Return ratios
Return on assets %	4%	4.4%	9.1%	7.6%	8.9%	5.7%
Return on capital employed %	17.3%	18.4%	27.5%	24.9%	25.4%	22.4%
Return on equity %	11.1%	13.8%	25%	19.3%	22.2%	13.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Epl LimitedEPLEPL	₹7,443 Cr	₹8,152 Cr	₹5,043 Cr	₹1,000 Cr	20.3%	₹388 Cr	8.3%	19.5%	14.9%	97
Agi Greenpac LimitedAGIAGI	₹5,116 Cr	₹5,355 Cr	₹2,763 Cr	₹628 Cr	22.3%	₹362 Cr	13.2%	18.6%	15.6%	188
Uflex LimitedUFLEXUFLEX	₹4,692 Cr	₹14,545 Cr	₹16,866 Cr	₹2,302 Cr	12.2%	₹682 Cr	2.1%	8.6%	4.1%	89
Tcpl Packaging LimitedTCPLPACKTCPLPACK	₹3,574 Cr	₹4,148 Cr	₹1,872 Cr	₹299 Cr	16.2%	₹115 Cr	5.4%	22.4%	14.4%	98
Polyplex Corporation LimitedPOLYPLEXPOLYPLEX	₹3,228 Cr	₹4,145 Cr	₹7,601 Cr	₹592 Cr	4.9%	₹155 Cr	0.6%	1.1%	1.1%	147
Jindal Poly Films LimitedJINDALPOLYJINDALPOLY	₹2,863 Cr	₹6,866 Cr	₹2,152 Cr	₹-613 Cr	-20.2%	₹-989 Cr	-36.6%	-2%	-29.6%	81
Xpro India LimitedXPROINDIAXPROINDIA	₹2,670 Cr	₹2,959 Cr	₹535 Cr	₹50 Cr	6.3%	₹33 Cr	3.9%	3.9%	2.8%	80
Knack Packaging LimitedKNACKKNACK	₹2,211 Cr	₹2,404 Cr	₹736 Cr	₹133 Cr	18.1%	₹74 Cr	10%	47.1%	41.5%	—
Mold-Tek Packaging LimitedMOLDTKPACMOLDTKPAC	₹2,187 Cr	₹2,231 Cr	₹631 Cr	₹121 Cr	19.1%	₹64 Cr	10.1%	24.3%	17.9%	148
Cosmo First LimitedCOSMOFIRSTCOSMOFIRST	₹2,166 Cr	₹3,752 Cr	₹4,004 Cr	₹428 Cr	10.5%	₹167 Cr	4.3%	11.6%	10.1%	10
Huhtamaki India LimitedHUHTAMAKIHUHTAMAKI	₹1,757 Cr	₹1,859 Cr	₹2,610 Cr	₹225 Cr	7.7%	₹136 Cr	4.8%	12.3%	9.5%	26
Arrow Greentech LimitedARROWGREENARROWGREEN	₹1,306 Cr	₹1,306 Cr	₹247 Cr	₹86 Cr	32.2%	₹64 Cr	23.6%	30.4%	22.4%	141

Date	Category	Subject	Filing
29 Sept 2026, 4:09 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
1 Sept 2026, 11:10 am	Company Update General	ESOP Updates	PDF
17 Aug 2026, 4:02 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
12 Aug 2026, 10:12 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
12 Aug 2026, 10:07 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
11 Aug 2026, 11:00 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
11 Aug 2026, 10:55 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
11 Aug 2026, 3:08 pm	Company Update General	Presentation On New Line Of Business	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	111	97	109	234	133	290
	-41	-195	-90	-157	-150	-141
	-67	101	-22	-76	18	-146
Net cash flow	3	3	-2	1	1	3
Free cash flow	56	-92	9	88	-26	136
CFO / Operating profit %	95.7%	72%	53.8%	105%	45.3%	99%

Tcpl Packaging Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

20

1

Announcements

20

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Tcpl Packaging Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends20

Board meetings1

Announcements

Dividends20

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1

20

1