The Tinplate Company of India Limited

NSE: TINPLATE · Iron & Steel

Snapshot

Unlock The Tinplate Company of India Limited'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.

Price

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Key Metrics

REVENUE

₹3,849 Cr

TTM · standalone

-12.0%YoY

NET PROFIT

₹93 Cr

TTM · standalone

-64.0%YoY

EPS

₹8.91

TTM · standalone

-64.0%YoY

RETURN ON EQUITY

7.8%

TTM · standalone

-17.7 ppYoY

RETURN ON CAPITAL EMPLOYED

10.6%

TTM · standalone

-20.4 ppYoY

EBITDA MARGIN

5.4%

TTM · standalone

-4.1 ppYoY

NET PROFIT MARGIN

-0.2%

Q2 FY24 · standalone

+3.5 ppYoY

Peers · Iron & Steel

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
The Tinplate Company of India LimitedTINPLATE
4,505-12.0%5.4%7.8%10.6%
Vedanta Ltd.VEDL
2,55,87610.673.30-17.8%30.4%57.9%18.7%-42.4%
Tata Steel Long Products LimitedTATASTLLP
3,7400.5%-119.3%4.9%
ISMT LimitedISMTLTD
3,663-1.9%14.5%10.7%16.1%
Tata Metaliks LimitedTATAMETALI
3,5062.6%8.7%7.4%10.6%
Texmaco Infrast.TEXINFRA
1,170132.5376.749.9%109.7%0.9%1.2%+13.6%

As of Q2 FY24

Financials