New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (86% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • Jul 30
TCPL Packaging Limited to Report Q1, 2027 Results on Aug 11, 2026 TCPL Packaging Limited announced that they will report Q1, 2027 results on Aug 11, 2026 Upcoming Dividend • Jul 28
Upcoming dividend of ₹25.00 per share Eligible shareholders must have bought the stock before 04 August 2026. Payment date: 10 September 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.0%). Reported Earnings • Jul 19
Full year 2026 earnings released: EPS: ₹107 (vs ₹157 in FY 2025) Full year 2026 results: EPS: ₹107 (down from ₹157 in FY 2025). Revenue: ₹18.1b (up 2.3% from FY 2025). Net income: ₹978.0m (down 32% from FY 2025). Profit margin: 5.4% (down from 8.1% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,876, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 17x in the Packaging industry in India. Total returns to shareholders of 109% over the past three years. Declared Dividend • May 30
Dividend reduced to ₹25.00 Dividend of ₹25.00 is 17% lower than last year. Ex-date: 4th August 2026 Payment date: 10th September 2026 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 29
TCPL Packaging Limited, Annual General Meeting, Aug 11, 2026 TCPL Packaging Limited, Annual General Meeting, Aug 11, 2026, at 16:30 Indian Standard Time. Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹107 (vs ₹157 in FY 2025) Full year 2026 results: EPS: ₹107 (down from ₹157 in FY 2025). Revenue: ₹18.4b (up 3.7% from FY 2025). Net income: ₹978.0m (down 32% from FY 2025). Profit margin: 5.3% (down from 8.1% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
TCPL Packaging Limited to Report Q4, 2026 Results on May 28, 2026 TCPL Packaging Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹27.52 (vs ₹41.46 in 3Q 2025) Third quarter 2026 results: EPS: ₹27.52 (down from ₹41.46 in 3Q 2025). Revenue: ₹4.71b (down 1.8% from 3Q 2025). Net income: ₹250.4m (down 34% from 3Q 2025). Profit margin: 5.3% (down from 7.9% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
TCPL Packaging Limited to Report Q3, 2026 Results on Feb 09, 2026 TCPL Packaging Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 09, 2026 Buy Or Sell Opportunity • Nov 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₹3,086. The fair value is estimated to be ₹3,948, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 11%. New Risk • Nov 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹31.56 (vs ₹39.05 in 2Q 2025) Second quarter 2026 results: EPS: ₹31.56 (down from ₹39.05 in 2Q 2025). Revenue: ₹4.70b (up 1.5% from 2Q 2025). Net income: ₹287.2m (down 19% from 2Q 2025). Profit margin: 6.1% (down from 7.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
TCPL Packaging Limited to Report Q2, 2026 Results on Nov 14, 2025 TCPL Packaging Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Jul 17
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 24 July 2025. Payment date: 30 August 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.9%). Announcement • Jul 16
TCPL Packaging Limited to Report Q1, 2026 Results on Jul 31, 2025 TCPL Packaging Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jul 10
Full year 2025 earnings released: EPS: ₹157 (vs ₹109 in FY 2024) Full year 2025 results: EPS: ₹157 (up from ₹109 in FY 2024). Revenue: ₹17.7b (up 15% from FY 2024). Net income: ₹1.43b (up 44% from FY 2024). Profit margin: 8.1% (up from 6.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 01
Dividend increased to ₹30.00 Dividend of ₹30.00 is 36% higher than last year. Ex-date: 25th July 2025 Payment date: 30th August 2025 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 01
TCPL Packaging Limited announces Annual dividend, payable on August 30, 2025 TCPL Packaging Limited announced Annual dividend of INR 30.0000 per share payable on August 30, 2025, ex-date on July 25, 2025 and record date on July 25, 2025. Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹157 (vs ₹111 in FY 2024) Full year 2025 results: EPS: ₹157 (up from ₹111 in FY 2024). Revenue: ₹17.8b (up 16% from FY 2024). Net income: ₹1.43b (up 41% from FY 2024). Profit margin: 8.0% (up from 6.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 30
TCPL Packaging Limited, Annual General Meeting, Jul 31, 2025 TCPL Packaging Limited, Annual General Meeting, Jul 31, 2025, at 16:30 Indian Standard Time. Announcement • May 21
TCPL Packaging Limited to Report Q4, 2025 Results on May 30, 2025 TCPL Packaging Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks High level of debt (100% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹4,667, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 528% over the past three years. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (100% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹4,132, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 530% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹41.46 (vs ₹21.37 in 3Q 2024) Third quarter 2025 results: EPS: ₹41.46 (up from ₹21.37 in 3Q 2024). Revenue: ₹4.92b (up 35% from 3Q 2024). Net income: ₹377.3m (up 96% from 3Q 2024). Profit margin: 7.7% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
TCPL Packaging Limited to Report Q3, 2025 Results on Feb 13, 2025 TCPL Packaging Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 22
TCPL Packaging Limited Announces Cessation of Sunil Talati as Independent Director, Effective 22 January 2025 TCPL Packaging Limited announced that Mr. Sunil Talati (DIN:00621947) was re-appointed as Independent Director for second term commencing from January 22, 2020, to January 21, 2025 (both days inclusive) and upon expiry of second term of his appointment as Independent Director, he will cease to be Director of the Company with effect from January 22, 2025. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹39.05 (vs ₹32.19 in 2Q 2024) Second quarter 2025 results: EPS: ₹39.05 (up from ₹32.19 in 2Q 2024). Revenue: ₹4.63b (up 14% from 2Q 2024). Net income: ₹355.4m (up 21% from 2Q 2024). Profit margin: 7.7% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
TCPL Packaging Limited to Report Q2, 2025 Results on Nov 11, 2024 TCPL Packaging Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Jul 31
TCPL Packaging Limited Approves Dividend for the Financial Year Ended 31St March 2024 TCPL Packaging Limited approved dividend on equity shares at the rate of INR 22.00 per equity share of INR 10/- each fully paid-up for the financial year ended 31st March 2024. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹3,082, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 28x in the Packaging industry in India. Total returns to shareholders of 475% over the past three years. Announcement • Jul 17
TCPL Packaging Limited to Report Q1, 2025 Results on Jul 30, 2024 TCPL Packaging Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Upcoming Dividend • Jul 16
Upcoming dividend of ₹22.00 per share Eligible shareholders must have bought the stock before 23 July 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.8%). Reported Earnings • Jul 08
Full year 2024 earnings released: EPS: ₹111 (vs ₹122 in FY 2023) Full year 2024 results: EPS: ₹111 (down from ₹122 in FY 2023). Revenue: ₹15.4b (up 4.5% from FY 2023). Net income: ₹1.01b (down 8.7% from FY 2023). Profit margin: 6.6% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
TCPL Packaging Limited, Annual General Meeting, Jul 30, 2024 TCPL Packaging Limited, Annual General Meeting, Jul 30, 2024, at 16:30 Indian Standard Time. Declared Dividend • May 31
Dividend increased to ₹22.00 Dividend of ₹22.00 is 10% higher than last year. Ex-date: 23rd July 2024 Payment date: 29th August 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 30
TCPL Packaging Limited Recommends Dividend on Equity Shares for the Year 2023-2024 TCPL Packaging Limited in its meeting of board of directors held on May 28, 2024 recommended dividend of INR 22 per equity share of face value of INR 10/- for the year 2023-2024. This is subject To Approve the members at the ensuing 36th annual general meeting of the company. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹111 (vs ₹122 in FY 2023) Full year 2024 results: EPS: ₹111 (down from ₹122 in FY 2023). Revenue: ₹15.5b (up 5.2% from FY 2023). Net income: ₹1.01b (down 8.7% from FY 2023). Profit margin: 6.5% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
TCPL Packaging Limited to Report Q4, 2024 Results on May 28, 2024 TCPL Packaging Limited announced that they will report Q4, 2024 results on May 28, 2024 Announcement • Apr 27
TCPL Packaging Limited Approves Appointment of Ashish Razdan as Independent Director TCPL Packaging Limited approved appointment of Mr. Ashish Razdan (DIN:- 03584734), as an Independent Director of the Company for a term of five consecutive years commencing from 21st March 2024 to 20th March 2029, through postal ballot. Announcement • Mar 21
TCPL Packaging Limited Announces Cessation of Atul Sud, Sudhir Merchant and Rabindra Jhunjhunwala as Independent Directors TCPL Packaging Limited announced that Mr. Atul Sud, Mr. Sudhir Merchant and Mr. Rabindra Jhunjhunwala will cease as Independent Directors of the Company on expiry of the second term of their Office as Independent Directors ending on 31st March 2024. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,466, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 516% over the past three years. Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹21.37 (vs ₹26.66 in 3Q 2023) Third quarter 2024 results: EPS: ₹21.37 (down from ₹26.66 in 3Q 2023). Revenue: ₹3.70b (down 2.1% from 3Q 2023). Net income: ₹192.4m (down 21% from 3Q 2023). Profit margin: 5.2% (down from 6.5% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 20
TCPL Packaging Limited to Report Q3, 2024 Results on Feb 05, 2024 TCPL Packaging Limited announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹32.19 (vs ₹43.43 in 2Q 2023) Second quarter 2024 results: EPS: ₹32.19 (down from ₹43.43 in 2Q 2023). Revenue: ₹4.09b (up 13% from 2Q 2023). Net income: ₹293.3m (down 26% from 2Q 2023). Profit margin: 7.2% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
TCPL Packaging Limited to Report Q2, 2024 Results on Nov 08, 2023 TCPL Packaging Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Announcement • Oct 05
TCPL Packaging Limited (BSE:523301) acquired additional unknown stake in Creative Offset Printers Private Limited from its promoter for INR 18.5 million. TCPL Packaging Limited (BSE:523301) acquired additional unknown stake in Creative Offset Printers Private Limited from its promoter for INR 18.5 million on October 4, 2023. TCPL acquired 38,600 additional shares for cash consideration and will hold 94.67% stake. For the FY 2022-23, Creative Offset Printers generated revenues of INR 342 million.TCPL Packaging Limited (BSE:523301) completed the acquisition of an additional unknown stake in Creative Offset Printers Private Limited from its promoter on October 4, 2023. Upcoming Dividend • Jul 21
Upcoming dividend of ₹20.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 03 September 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,628, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 19x in the Packaging industry in India. Total returns to shareholders of 493% over the past three years. Reported Earnings • Jul 12
Full year 2023 earnings released: EPS: ₹122 (vs ₹52.03 in FY 2022) Full year 2023 results: EPS: ₹122 (up from ₹52.03 in FY 2022). Revenue: ₹14.7b (up 36% from FY 2022). Net income: ₹1.11b (up 135% from FY 2022). Profit margin: 7.5% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
TCPL Packaging Limited Recommends Dividend for the Year 2022-23 TCPL Packaging Limited at its meeting of the Board of Directors held on May 26, 2023 inter alia considered A dividend at the rate of INR/- 20 (Rupees Twenty) per equity share of face value of INR 10/- (Rupees Ten) each, has been recommended, which is subject To Approve the Members at the ensuing 35th Annual General Meeting of the Company. Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹121 (vs ₹52.03 in FY 2022) Full year 2023 results: EPS: ₹121 (up from ₹52.03 in FY 2022). Revenue: ₹14.8b (up 37% from FY 2022). Net income: ₹1.11b (up 135% from FY 2022). Profit margin: 7.5% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
TCPL Packaging Limited, Annual General Meeting, Aug 04, 2023 TCPL Packaging Limited, Annual General Meeting, Aug 04, 2023, at 16:30 Indian Standard Time. Announcement • May 13
TCPL Packaging Limited to Report Q4, 2023 Results on May 26, 2023 TCPL Packaging Limited announced that they will report Q4, 2023 results on May 26, 2023 Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹26.66 (vs ₹15.25 in 3Q 2022) Third quarter 2023 results: EPS: ₹26.66 (up from ₹15.25 in 3Q 2022). Revenue: ₹3.80b (up 37% from 3Q 2022). Net income: ₹244.6m (up 76% from 3Q 2022). Profit margin: 6.4% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 17
TCPL Packaging Limited to Report Q3, 2023 Results on Feb 06, 2023 TCPL Packaging Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,637, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 546% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Deepa Harris was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: ₹43.43 (vs ₹11.65 in 2Q 2022) Second quarter 2023 results: EPS: ₹43.43 (up from ₹11.65 in 2Q 2022). Revenue: ₹3.64b (up 44% from 2Q 2022). Net income: ₹395.7m (up 273% from 2Q 2022). Profit margin: 11% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 19
TCPL Packaging Limited to Report Q2, 2023 Results on Nov 08, 2022 TCPL Packaging Limited announced that they will report Q2, 2023 results on Nov 08, 2022 Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Deepa Harris was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,282, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 393% over the past three years. Announcement • Aug 11
TCPL Packaging Limited Declares Dividend for the Financial Year Ended March 31, 2022 TCPL Packaging Limited at its annual general meeting held on August 10, 2022 announced Declaration of dividend on equity shares at the rate of INR 10.00 per equity share of INR 10/- each fully paid-up for the financial year ended March 31, 2022. Announcement • Jul 28
TCPL Packaging Limited to Report Q1, 2023 Results on Aug 10, 2022 TCPL Packaging Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Upcoming Dividend • Jul 26
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.2%). Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹52.03 (vs ₹36.79 in FY 2021) Full year 2022 results: EPS: ₹52.03 (up from ₹36.79 in FY 2021). Revenue: ₹10.9b (up 20% from FY 2021). Net income: ₹473.5m (up 41% from FY 2021). Profit margin: 4.4% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹978, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 208% over the past three years. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹51.51 (vs ₹36.79 in FY 2021) Full year 2022 results: EPS: ₹51.51 (up from ₹36.79 in FY 2021). Revenue: ₹10.9b (up 20% from FY 2021). Net income: ₹473.5m (up 41% from FY 2021). Profit margin: 4.4% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹670, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 95% over the past three years. Announcement • May 08
TCPL Packaging Limited to Report Q4, 2022 Results on May 25, 2022 TCPL Packaging Limited announced that they will report Q4, 2022 results on May 25, 2022 Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Non-Executive Independent Director Deepa Harris was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹839, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 26% share price gain to ₹719, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 107% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹15.25 (up from ₹10.94 in 3Q 2021). Revenue: ₹2.78b (up 14% from 3Q 2021). Net income: ₹138.9m (up 40% from 3Q 2021). Profit margin: 5.0% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Announcement • Feb 08
TCPL Packaging Limited Announces Executive Changes TCPL Packaging Limited announced that at its board meeting held on February 7, 2022, taken on record the retirement of Mr. Vivek Poddar as Chief Financial Officer and Key Managerial Personnel of the company with effect from March 31, 2022; and considered and approved the appointment of Mr. Jitendra Jain, the existing Vice President (Finance and Accounts) of the company, as the new Chief Financial Officer and Key Managerial Personnel of the company with effect from April 01, 2022. Mr. Jitendra Jain is currently acting as Vice President (Finance & Accounts) and is also responsible amongst others for Internal Financial Controls & Policies, Risk Management, Planning & Budgeting, MIS and Taxation. Before joining the Company, in his previous role, he was associated with Gujarat Foils Limited where he was Chief Financial Officer. Announcement • Feb 03
TCPL Packaging Limited to Report Q3, 2022 Results on Feb 07, 2022 TCPL Packaging Limited announced that they will report Q3, 2022 results on Feb 07, 2022 Announcement • Dec 17
TCPL Packaging Limited (BSE:523301) completed the acquisition of a 60% stake in Creative Offset Printers Private Limited. TCPL Packaging Limited (BSE:523301) entered into an agreement to acquire a 60% stake in Creative Offset Printers Private Limited on November 3, 2021. The transaction is approved by the Board of TCPL Packaging. The completion of the transaction is subject to satisfactory accomplishment of certain conditions precedent.
TCPL Packaging Limited (BSE:523301) completed the acquisition of a 60% stake in Creative Offset Printers Private Limited on December 15, 2021. Post completion, TCPL Packaging Limited holds 80.31% stake in Creative Offset Printers Private Limited. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS ₹11.65 (vs ₹11.53 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹2.53b (up 3.4% from 2Q 2021). Net income: ₹106.0m (up 1.0% from 2Q 2021). Profit margin: 4.2% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 11
Upcoming dividend of ₹7.35 per share Eligible shareholders must have bought the stock before 18 August 2021. Payment date: 26 September 2021. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 06
Full year 2021 earnings released: EPS ₹36.79 (vs ₹40.13 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹9.04b (up 1.6% from FY 2020). Net income: ₹334.7m (down 8.3% from FY 2020). Profit margin: 3.7% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS ₹36.78 (vs ₹40.13 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹9.04b (up 1.6% from FY 2020). Net income: ₹334.7m (down 8.3% from FY 2020). Profit margin: 3.7% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 30
TCPL Packaging Limited Recommends Dividend TCPL Packaging Limited announced that, a dividend of INR 7.35 per equity share of INR 10 each, has been recommended, which is equivalent to 20% of distributable profit. The dividend recommended is subject To Approve the members at the upcoming annual general meeting of the Company to be held on August 27, 2021. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 22% share price gain to ₹471, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 11x in the Packaging industry in India. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹435, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Packaging industry in India. Total loss to shareholders of 22% over the past three years. Is New 90 Day High Low • Mar 04
New 90-day high: ₹426 The company is up 13% from its price of ₹378 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 1.0% over the same period. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS ₹10.94 (vs ₹11.68 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹2.43b (up 2.0% from 3Q 2020). Net income: ₹99.5m (down 6.4% from 3Q 2020). Profit margin: 4.1% (down from 4.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₹391, the stock is trading at a trailing P/E ratio of 10.5x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 12x in the Packaging industry in India. Total return to shareholders over the past three years is a loss of 35%. Announcement • Jan 21
TCPL Packaging Limited to Report Q3, 2021 Results on Feb 05, 2021 TCPL Packaging Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Jan 18
New 90-day low: ₹352 The company is down 5.0% from its price of ₹371 on 20 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₹424 The company is up 15% from its price of ₹370 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 10.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹11.53 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹2.46b (up 8.1% from 2Q 2020). Net income: ₹105.0m (up 23% from 2Q 2020). Profit margin: 4.3% (up from 3.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 03
TCPL Packaging Limited to Report Q2, 2021 Results on Nov 11, 2020 TCPL Packaging Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jul 21
TCPL Packaging Limited to Report Q1, 2021 Results on Jul 30, 2020 TCPL Packaging Limited announced that they will report Q1, 2021 results on Jul 30, 2020