Tinplate Company of India Ltd.
NSE: TINPLATE · Iron & Steel
Merged into Tata Steel Ltd. on 14 Jan 2024, ratio 33:10
Snapshot
Unlock Tinplate Company of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
The Tinplate Company of India Limited is a leading manufacturer of electrolytic tinplates and tin-free steel sheets used primarily in the packaging industry. As a subsidiary of Tata Steel, the company serves diverse sectors including edible oils, processed foods, paints, chemicals, and aerosols.
Business Model
The company generates revenue through the production and sale of high-quality coated steel products, leveraging its position as a Tata Steel subsidiary to ensure raw material supply. It operates across domestic and international markets, catering to both food and non-food packaging requirements.
- Incorporation Year:1920
Growth Outlook
Growth is driven by the increasing demand for sustainable metal packaging solutions in the food and chemical sectors. The company continues to expand its international footprint across Europe, the Middle East, and Southeast Asia.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of steel and tin can significantly impact the company's operating margins.
- Competitive Substitution. The packaging industry faces ongoing pressure from alternative materials like plastics and laminates which may impact long-term demand for tinplate.
- Geopolitical and Trade Risks. As an exporter to multiple international regions, the company is susceptible to changes in global trade policies and import tariffs.
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Key Metrics
REVENUE
₹3,849 Cr
TTM · standalone
NET PROFIT
₹93 Cr
TTM · standalone
EPS
₹8.91
TTM · standalone
RETURN ON EQUITY
7.8%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
10.6%
TTM · standalone
EBITDA MARGIN
5.4%
TTM · standalone
NET PROFIT MARGIN
-0.2%
Q2 FY24 · standalone
Peers · Iron & Steel
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Tinplate Company of India Ltd.TINPLATE | ₹4,505 Cr | — | — | -12.0% | 5.4% | 7.8% | 10.6% | — |
Jindal Stainless (Hisar) LimitedJSLHISAR | ₹13,230 Cr | — | — | — | 14.0% | — | — | — |
Tata Steel Long Products LimitedTATASTLLP | ₹3,740 Cr | — | — | — | 0.5% | -119.3% | 4.9% | — |
ISMT LimitedISMTLTD | ₹3,612 Cr | — | — | -1.9% | 14.5% | 10.7% | 16.1% | — |
Tata Metaliks LimitedTATAMETALI | ₹3,508 Cr | — | — | 2.6% | 8.7% | 7.4% | 10.6% | — |
Texmaco Infrastructure & Holdings LimitedTEXINFRA | ₹1,573 Cr | 163.5× | 96.55 | 5.5% | 96.8% | 0.8% | 1.1% | +25.4% |
As of Q2 FY24
Financials
Tinplate Company of India Ltd.
NSE: TINPLATE · Iron & Steel
Merged into Tata Steel Ltd. on 14 Jan 2024, ratio 33:10
Snapshot
Unlock Tinplate Company of India Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
The Tinplate Company of India Limited is a leading manufacturer of electrolytic tinplates and tin-free steel sheets used primarily in the packaging industry. As a subsidiary of Tata Steel, the company serves diverse sectors including edible oils, processed foods, paints, chemicals, and aerosols.
Business Model
The company generates revenue through the production and sale of high-quality coated steel products, leveraging its position as a Tata Steel subsidiary to ensure raw material supply. It operates across domestic and international markets, catering to both food and non-food packaging requirements.
- Incorporation Year:1920
Growth Outlook
Growth is driven by the increasing demand for sustainable metal packaging solutions in the food and chemical sectors. The company continues to expand its international footprint across Europe, the Middle East, and Southeast Asia.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of steel and tin can significantly impact the company's operating margins.
- Competitive Substitution. The packaging industry faces ongoing pressure from alternative materials like plastics and laminates which may impact long-term demand for tinplate.
- Geopolitical and Trade Risks. As an exporter to multiple international regions, the company is susceptible to changes in global trade policies and import tariffs.
Start your research today
Unlock AI insights, financials, peers and live data on Tinplate Company of India Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹3,849 Cr
TTM · standalone
NET PROFIT
₹93 Cr
TTM · standalone
EPS
₹8.91
TTM · standalone
RETURN ON EQUITY
7.8%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
10.6%
TTM · standalone
EBITDA MARGIN
5.4%
TTM · standalone
NET PROFIT MARGIN
-0.2%
Q2 FY24 · standalone
Peers · Iron & Steel
As of Q2 FY24