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Tamil Nadu Newsprint and Papers

BSE:531426
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
531426
BSE
₹13B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Tamil Nadu Newsprint and Papers Limited manufactures and sells paper and paper boards in India. The last earnings update was 4 days ago. More info.


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531426 Share Price and Events
7 Day Returns
13.1%
BSE:531426
2.8%
IN Forestry
-0.7%
IN Market
1 Year Returns
-42.3%
BSE:531426
-35.9%
IN Forestry
-12.1%
IN Market
531426 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tamil Nadu Newsprint and Papers (531426) 13.1% 3.5% 0.9% -42.3% -43.1% 11.4%
IN Forestry 2.8% -4.4% -8.2% -35.9% -5.1% 72.8%
IN Market -0.7% -5.7% -4.3% -12.1% 13% 25.2%
1 Year Return vs Industry and Market
  • 531426 underperformed the Forestry industry which returned -35.9% over the past year.
  • 531426 underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
531426
Industry
5yr Volatility vs Market

Value

 Is Tamil Nadu Newsprint and Papers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tamil Nadu Newsprint and Papers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tamil Nadu Newsprint and Papers.

BSE:531426 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in INR ₹ 7.500000
Payout Ratio Company Filings (2019-06-30) -5175.9%
Discount Rate (Cost of Equity) See below 22.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:531426
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.337 (1 + (1- 35%) (169.12%))
1.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.771 * 8.6%)
22.78%

Discounted Cash Flow Calculation for BSE:531426 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Tamil Nadu Newsprint and Papers is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BSE:531426 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹7.5 / (22.78% - 7.55%)
₹49.25
BSE:531426 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹49.25
Current discount Discount to share price of ₹181.15
= -1 x (₹181.15 - ₹49.25) / ₹49.25
-267.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tamil Nadu Newsprint and Papers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tamil Nadu Newsprint and Papers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tamil Nadu Newsprint and Papers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:531426 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹21.21
BSE:531426 Share Price ** BSE (2019-08-16) in INR ₹181.15
India Forestry Industry PE Ratio Median Figure of 38 Publicly-Listed Forestry Companies 8.3x
India Market PE Ratio Median Figure of 2,785 Publicly-Listed Companies 13.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tamil Nadu Newsprint and Papers.

BSE:531426 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531426 Share Price ÷ EPS (both in INR)

= 181.15 ÷ 21.21

8.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tamil Nadu Newsprint and Papers is overvalued based on earnings compared to the IN Forestry industry average.
  • Tamil Nadu Newsprint and Papers is good value based on earnings compared to the India market.
Price based on expected Growth
Does Tamil Nadu Newsprint and Papers's expected growth come at a high price?
Raw Data
BSE:531426 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.3%per year
India Forestry Industry PEG Ratio Median Figure of 6 Publicly-Listed Forestry Companies 0.56x
India Market PEG Ratio Median Figure of 544 Publicly-Listed Companies 1.09x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tamil Nadu Newsprint and Papers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tamil Nadu Newsprint and Papers's assets?
Raw Data
BSE:531426 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹238.75
BSE:531426 Share Price * BSE (2019-08-16) in INR ₹181.15
India Forestry Industry PB Ratio Median Figure of 42 Publicly-Listed Forestry Companies 0.82x
India Market PB Ratio Median Figure of 3,663 Publicly-Listed Companies 0.87x
BSE:531426 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531426 Share Price ÷ Book Value per Share (both in INR)

= 181.15 ÷ 238.75

0.76x

* Primary Listing of Tamil Nadu Newsprint and Papers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tamil Nadu Newsprint and Papers is good value based on assets compared to the IN Forestry industry average.
X
Value checks
We assess Tamil Nadu Newsprint and Papers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Tamil Nadu Newsprint and Papers has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tamil Nadu Newsprint and Papers expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Tamil Nadu Newsprint and Papers, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tamil Nadu Newsprint and Papers expected to grow at an attractive rate?
  • Tamil Nadu Newsprint and Papers's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Tamil Nadu Newsprint and Papers's earnings growth is positive but not above the India market average.
  • Unable to compare Tamil Nadu Newsprint and Papers's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:531426 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:531426 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.3%
India Forestry Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
India Forestry Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
India Market Earnings Growth Rate Market Cap Weighted Average 17.9%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:531426 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:531426 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 51,425 1
BSE:531426 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 41,085 1,468
2019-03-31 40,827 944
2018-12-31 40,850 1,140
2018-09-30 39,257 914
2018-06-30 34,580 717
2018-03-31 30,983 8,245 -422
2017-12-31 28,431 -118
2017-09-30 26,139 221
2017-06-30 27,568 1,059
2017-03-31 29,576 2,840 2,646
2016-12-31 28,813 2,996
2016-09-30 26,502 2,824

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tamil Nadu Newsprint and Papers's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Tamil Nadu Newsprint and Papers is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:531426 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tamil Nadu Newsprint and Papers Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531426 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
BSE:531426 Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 21.21
2019-03-31 13.64
2018-12-31 16.47
2018-09-30 13.21
2018-06-30 10.36
2018-03-31 -6.09
2017-12-31 -1.71
2017-09-30 3.20
2017-06-30 15.30
2017-03-31 38.23
2016-12-31 43.29
2016-09-30 40.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tamil Nadu Newsprint and Papers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tamil Nadu Newsprint and Papers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tamil Nadu Newsprint and Papers has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tamil Nadu Newsprint and Papers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tamil Nadu Newsprint and Papers's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tamil Nadu Newsprint and Papers's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tamil Nadu Newsprint and Papers's 1-year earnings growth exceeds its 5-year average (104.8% vs -17.6%)
  • Tamil Nadu Newsprint and Papers's earnings growth has exceeded the IN Forestry industry average in the past year (104.8% vs 43.2%).
Earnings and Revenue History
Tamil Nadu Newsprint and Papers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tamil Nadu Newsprint and Papers Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531426 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 41,085.00 1,468.00 2,712.20
2019-03-31 40,827.10 943.90 2,675.10
2018-12-31 40,849.73 1,139.86 2,800.70
2018-09-30 39,257.33 914.06 2,728.50
2018-06-30 34,579.70 716.90 2,527.60
2018-03-31 30,983.33 -421.55 2,579.70
2017-12-31 28,430.68 -118.46 2,525.31
2017-09-30 26,138.58 221.24 2,479.31
2017-06-30 27,568.00 1,059.10 2,425.70
2017-03-31 29,575.61 2,645.64 2,603.21
2016-12-31 28,813.35 2,996.25 2,435.75
2016-09-30 26,501.85 2,824.25 2,348.45
2016-06-30 25,263.30 2,711.80 1,984.60
2016-03-31 24,175.45 2,598.09 2,000.84
2015-12-31 23,869.58 2,276.48 2,836.80
2015-09-30 23,804.28 2,184.68 2,829.60
2015-06-30 22,977.60 1,921.40 1,824.90
2015-03-31 21,357.28 1,667.28 1,890.09
2014-12-31 20,716.74 1,455.08 2,823.02
2014-09-30 21,910.84 1,447.48 2,757.82
2014-06-30 22,590.20 1,552.30 1,641.00
2014-03-31 22,852.24 1,611.78 2,592.22
2013-12-31 22,511.40 1,541.80 2,327.58
2013-09-30 21,297.10 1,352.10 2,305.78
2013-06-30 20,499.30 1,124.90 2,282.78
2013-03-31 18,612.58 914.80 2,253.68
2012-12-31 18,245.78 708.08 2,085.24
2012-09-30 16,642.38 1,163.78 2,047.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tamil Nadu Newsprint and Papers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tamil Nadu Newsprint and Papers used its assets less efficiently than the IN Forestry industry average last year based on Return on Assets.
  • Tamil Nadu Newsprint and Papers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tamil Nadu Newsprint and Papers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tamil Nadu Newsprint and Papers has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tamil Nadu Newsprint and Papers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tamil Nadu Newsprint and Papers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tamil Nadu Newsprint and Papers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tamil Nadu Newsprint and Papers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tamil Nadu Newsprint and Papers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tamil Nadu Newsprint and Papers Company Filings, last reported 1 month ago.

BSE:531426 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 16,516.80 21,203.20 514.40
2019-03-31 16,516.80 21,203.20 514.40
2018-12-31 15,923.00 22,863.70 140.20
2018-09-30 15,923.00 22,863.70 140.20
2018-06-30 16,031.30 19,588.90 272.00
2018-03-31 16,031.28 24,255.86 272.01
2017-12-31 15,407.00 25,733.30 108.70
2017-09-30 15,407.00 25,733.30 108.70
2017-06-30 17,046.50 23,947.10 214.50
2017-03-31 17,046.52 28,234.25 214.46
2016-12-31 15,825.50 23,236.60 220.70
2016-09-30 15,825.50 23,236.60 220.70
2016-06-30 14,455.50 24,591.20 162.10
2016-03-31 15,095.97 26,868.84 162.13
2015-12-31 13,612.30 22,954.00 145.70
2015-09-30 13,612.30 22,954.00 145.70
2015-06-30 12,016.40 23,802.60 203.30
2015-03-31 12,016.42 20,656.57 203.32
2014-12-31 11,870.00 17,631.60 165.30
2014-09-30 11,870.00 17,631.60 165.30
2014-06-30 11,459.80 16,169.90 122.10
2014-03-31 11,459.74 14,895.24 122.15
2013-12-31 10,926.60 16,313.30 168.40
2013-09-30 10,926.60 16,313.30 168.40
2013-06-30 10,354.77 15,034.27 245.05
2013-03-31 10,354.77 15,034.27 245.05
2012-12-31 10,134.80 13,988.90 257.50
2012-09-30 10,134.80 13,988.90 257.50
  • Tamil Nadu Newsprint and Papers's level of debt (128.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (141.2% vs 128.4% today).
  • Debt is well covered by operating cash flow (38.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tamil Nadu Newsprint and Papers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tamil Nadu Newsprint and Papers has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tamil Nadu Newsprint and Papers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.14%
Current annual income from Tamil Nadu Newsprint and Papers dividends.
If you bought ₹2,000 of Tamil Nadu Newsprint and Papers shares you are expected to receive ₹83 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tamil Nadu Newsprint and Papers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Tamil Nadu Newsprint and Papers's dividend is above the markets top 25% of dividend payers in India (2.52%).
Upcoming dividend payment

Purchase Tamil Nadu Newsprint and Papers before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:531426 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Forestry Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1441 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:531426 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
BSE:531426 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-28 7.500 4.311
2018-08-21 5.000 2.164
2017-08-21 7.500 2.198
2017-05-29 7.500 2.222
2016-08-17 7.500 2.236
2016-05-27 7.500 2.715
2015-08-20 6.000 2.744
2015-05-28 6.000 3.510
2014-10-20 6.000 4.496
2013-08-08 5.000 4.032
2013-05-27 5.000 5.200
2012-09-24 5.000 4.840
2011-05-27 5.000 4.882
2010-08-06 4.500 3.309
2009-06-01 4.500 5.172
2009-05-28 4.500 5.540

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tamil Nadu Newsprint and Papers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tamil Nadu Newsprint and Papers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tamil Nadu Newsprint and Papers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tamil Nadu Newsprint and Papers has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tamil Nadu Newsprint and Papers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
S. Sivashanmugaraja
COMPENSATION ₹2,454,694
AGE 55
TENURE AS CEO 1.8 years
CEO Bio

Mr. S. Sivashanmugaraja, IAS, has been Managing Director and Director of Tamil Nadu Newsprint and Papers Limited since November 29, 2017. Mr. Sivashanmugaraja has held various key positions in departments of Government of Tamil Nadu. He served as Collector of Kancheepuram District, Anna Institute of Management, Tamil Nadu Housing Board, SIDCO and the office of the Hon'ble Governor of Tamil Nadu. He holds B.Sc. and B.E. (Civil).

CEO Compensation
  • Insufficient data for S. to compare compensation growth.
  • S.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Tamil Nadu Newsprint and Papers management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the Tamil Nadu Newsprint and Papers management team is less than 2 years, this suggests a new team.
Management Team

S. Sivashanmugaraja

TITLE
MD & Director
COMPENSATION
₹2M
AGE
55
TENURE
1.8 yrs

V. Sivakumar

TITLE
Company Secretary
COMPENSATION
₹2M
AGE
59

V. Ramanathan

TITLE
Executive Director of Finance & CFO
AGE
59
TENURE
1.4 yrs

SVR Ramakrishnan

TITLE
Executive Director of Operations
AGE
56
TENURE
2.1 yrs

K. Manoharan

TITLE
Chief Information Officer
AGE
56
TENURE
2.1 yrs

P. Pattabiraman

TITLE
Chief General Manager of HR
AGE
56

A. Balasubramanian

TITLE
Chief General Manager of E&I and Commercials
AGE
54
TENURE
1.2 yrs

Kushal Singh

TITLE
Chief General Manager of Board Plant
AGE
58
TENURE
2.1 yrs

K. Thangaraju

TITLE
Chief General Manager of Production
AGE
59
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Tamil Nadu Newsprint and Papers board of directors in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the Tamil Nadu Newsprint and Papers board of directors is less than 3 years, this suggests a new board.
Board of Directors

N. Muruganandm

TITLE
Chairman
AGE
51
TENURE
0.4 yrs

S. Sivashanmugaraja

TITLE
MD & Director
COMPENSATION
₹2M
AGE
55
TENURE
1.8 yrs

V. Nagappan

TITLE
Independent Non-Executive Director
COMPENSATION
₹450K
AGE
54
TENURE
6.3 yrs

V. Chandrasekaran

TITLE
Independent Non Executive Director
COMPENSATION
₹275K
AGE
62
TENURE
1.8 yrs

K. Shanmugam

TITLE
Director
COMPENSATION
₹50K
AGE
59
TENURE
3.1 yrs

Soundara Kumar

TITLE
Independent Non-Executive Director
COMPENSATION
₹375K
AGE
65
TENURE
2.2 yrs

Reeta Thakkar

TITLE
Director
AGE
52
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Tamil Nadu Newsprint and Papers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tamil Nadu Newsprint and Papers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tamil Nadu Newsprint and Papers Limited manufactures and sells paper and paper boards in India. The company operates through Paper & Paper Board, Energy, and Cement segments. It offers surface-sized and non-surface sized papers for printing and writing; and coated and uncoated boards under the AURA brand for the packing industry. It also generates power through TGs and wind mills. In addition, the company manufactures and sells cement. The company exports its products to Sri Lanka, Nigeria, Iran, Sudan, Turkey, and internationally. Tamil Nadu Newsprint and Papers Limited was incorporated in 1979 and is based in Chennai, India.

Details
Name: Tamil Nadu Newsprint and Papers Limited
531426
Exchange: BSE
Founded: 1979
₹12,537,500,190
69,210,600
Website: http://www.tnpl.com
Address: Tamil Nadu Newsprint and Papers Limited
No. 67, Mount Road,
Guindy,
Chennai,
Tamil Nadu, 600032,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531426 Equity Shares Mumbai Stock Exchange IN INR 14. Feb 1996
NSEI TNPL Equity Shares National Stock Exchange of India IN INR 14. Feb 1996
Number of employees
Current staff
Staff numbers
2,709
Tamil Nadu Newsprint and Papers employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:39
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.