TCPL Packaging

NSE: TCPLPACK · Packaging

52W Range₹2,200 ₹3,795

Snapshot

Unlock TCPL Packaging's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

TCPL Packaging Limited is a prominent Indian manufacturer specialising in a diverse range of packaging solutions, including folding cartons, litho-lamination, and flexible packaging. The company serves a broad spectrum of industries such as tobacco, FMCG, food and beverage, liquor, and pharmaceuticals.

Business Model

The company generates revenue through the manufacturing and sale of high-quality printed packaging materials, catering to both domestic and international markets. Its business model relies on high-volume production of customised packaging solutions for established consumer goods brands.

Growth Outlook

Growth is driven by the increasing demand for sophisticated packaging in the Indian FMCG and pharmaceutical sectors. The company continues to expand its product portfolio to include advanced flexible packaging and sustainable solutions to capture a larger market share.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of paperboard, plastic resins, and other raw materials can significantly impact operating margins.
  • Regulatory Risks. Changes in environmental regulations regarding plastic usage and waste management could necessitate costly operational adjustments.
  • Client Concentration. A significant portion of revenue is derived from large FMCG and tobacco clients, making the company vulnerable to changes in their procurement strategies.
  • Competitive Intensity. The packaging industry is highly fragmented and competitive, which may exert pressure on pricing power and profitability.

Price

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Key Metrics

REVENUE

₹1,798 Cr

TTM · consolidated

+2.4%YoY

NET PROFIT

₹98 Cr

TTM · consolidated

-31.6%YoY

EPS

₹107.47

TTM · consolidated

-31.6%YoY

RETURN ON EQUITY

14.8%

TTM · consolidated

-11.0 ppYoY

RETURN ON CAPITAL EMPLOYED

21.5%

TTM · consolidated

-5.4 ppYoY

P/E

30.4x

Q4 FY26 · consolidated

30.4 vs 36.3x5Y avg

EV/EBITDA

11.1x

Q4 FY26 · consolidated

11.1 vs 15.1x5Y avg

EBITDA MARGIN

17.7%

TTM · consolidated

+0.1 ppYoY

NET PROFIT MARGIN

4.8%

Q4 FY26 · consolidated

-4.2 ppYoY

DEBT TO EQUITY

0.8x

Q4 FY26 · consolidated

-0.11xYoY

Peers · Packaging

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
TCPL PackagingTCPLPACK
2,13430.3811.112.4%17.7%14.8%21.5%-15.7%
Uflex LimitedUFLEX
2,96210.016.072.4%12.9%4.2%8.8%-27.3%
Polyplex Corporation LimitedPOLYPLEX
2,59874.299.002.9%6.2%1.1%1.1%-8.3%
XPRO IndiaXPROINDIA
2,260170.0769.79-5.6%9.9%3.0%4.1%+15.1%
Cosmo FirstCOSMOFIRST
1,61114.037.6825.7%13.4%10.4%11.6%-26.0%
Mold-Tek Pack.MOLDTKPAC
1,57831.7314.5513.5%19.6%11.2%15.1%-1.6%

As of Q4 FY26

Financials