TCPL Packaging Limited (IN:TCPLPACK)
:TCPLPACK
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TCPL Packaging Limited
(TCPLPACK)
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Rating:65Neutral
Price Target:
₹2,924.00
▼(-17.78% Downside)
Action:Reiterated
Date:06/17/26
The score is driven primarily by solid fundamentals and an improving balance sheet (lower debt), but is capped by earnings and free-cash-flow volatility. Technicals are mixed with negative MACD and price still below the 200-day average, while valuation (P/E 25.3) is only modestly supported by a ~1.2% dividend yield.
Positive Factors
Consistent Revenue Growth
Multi-year revenue expansion and recurring profitability indicate stable end-market demand and improving product-market fit. This supports predictable factory utilization and scale benefits, enabling sustained operating margins and smoother planning over the medium term.
Negative Factors
Earnings Volatility
Meaningful year-over-year swings in net income signal earnings vulnerability to margin pressure and non-operating items. Persistent volatility reduces forecasting visibility and can constrain reinvestment, dividend policy, and sustained deleveraging if adverse trends recur.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Multi-year revenue expansion and recurring profitability indicate stable end-market demand and improving product-market fit. This supports predictable factory utilization and scale benefits, enabling sustained operating margins and smoother planning over the medium term.
Read all positive factors
TCPL Packaging Limited (TCPLPACK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.54B
Dividend Yield1%
Average Volume (3M)195.00
Price to Earnings (P/E)26.8
Beta (1Y)0.98
Revenue Growth2.26%
EPS Growth-31.65%
CountryIN
Employees2,228
SectorConsumer Goods
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)139.32
Shares Outstanding9,100,000
10 Day Avg. Volume177
30 Day Avg. Volume195
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)2.89
Price to Sales (P/S)1.15
P/FCF Ratio33.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)183.2
Revenue Forecast (FY)₹21.89B
TCPL Packaging Limited Business Overview & Revenue Model
Company Description
TCPL Packaging Limited, headquartered in Mumbai, India, is a prominent manufacturer and supplier of packaging products, operating both domestically and through exports. Established in 1987, the company was previously known as Twenty-First Century ...
How the Company Makes Money
TCPL Packaging Limited primarily makes money by selling manufactured packaging products to business customers. Its core revenue stream comes from the production and sale of printed paperboard cartons and other paper-based packaging formats, typica...
TCPL Packaging Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.73B | 18.10B | 17.70B | 15.23B | 14.59B | 10.73B |
| Gross Profit | 6.19B | 4.96B | 5.21B | 2.45B | 5.54B | 2.93B |
| EBITDA | 3.12B | 2.92B | 3.07B | 2.59B | 2.62B | 1.58B |
| Net Income | 1.27B | 977.96M | 1.43B | 1.01B | 1.11B | 473.47M |
Balance Sheet | ||||||
| Total Assets | 17.17B | 17.16B | 16.12B | 13.28B | 12.18B | 10.72B |
| Cash, Cash Equivalents and Short-Term Investments | 153.53M | 200.16M | 175.05M | 218.33M | 79.14M | 97.58M |
| Total Debt | 6.91B | 6.34B | 6.51B | 5.04B | 5.01B | 4.63B |
| Total Liabilities | 10.48B | 9.97B | 9.68B | 8.02B | 7.75B | 7.29B |
| Stockholders Equity | 6.69B | 7.19B | 6.44B | 5.26B | 4.42B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 303.17M | 620.85M | -802.25M | 880.57M | 93.99M | -923.85M |
| Operating Cash Flow | 919.75M | 2.16B | 786.37M | 2.34B | 1.09B | 969.72M |
| Investing Cash Flow | -626.69M | -1.42B | -1.51B | -1.57B | -899.61M | -1.95B |
| Financing Cash Flow | -338.41M | -706.82M | 730.62M | -760.88M | -217.33M | 1.01B |
TCPL Packaging Limited Technical Analysis
Positive
3556.45
Price Trends
2631.33
Positive
2618.83
Positive
2917.87
Positive
Market Momentum
54.59
Negative
72.36
Negative
94.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCPLPACK, the sentiment is Positive. The current price of 3556.45 is above the 20-day moving average (MA) of 2618.16, above the 50-day MA of 2631.33, and above the 200-day MA of 2917.87, indicating a bullish trend. The MACD of 54.59 indicates Negative momentum. The RSI at 72.36 is Negative, neither overbought nor oversold. The STOCH value of 94.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TCPLPACK.
TCPL Packaging Limited Peers Comparison
UnderperformOutperform
Sector (57)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹23.17B | 31.39 | ― | 0.67% | 13.48% | 20.34% | |
65 Neutral | ₹27.54B | 26.79 | ― | 1.00% | 2.26% | -31.65% | |
65 Neutral | ₹6.20B | 7.92 | ― | 0.41% | 5.75% | 66.42% | |
64 Neutral | ₹13.98B | 11.84 | ― | 0.95% | -1.92% | 33.51% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
54 Neutral | ₹30.74B | 9.66 | ― | 0.62% | 2.42% | 122.83% | |
49 Neutral | ₹1.79B | 22.49 | ― | 0.29% | 12.71% | 18.94% |
* Consumer Goods Sector Average
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TCPL Packaging Limited Corporate Events
TCPL Packaging Injects Rs. 2.29 Crore into Subsidiary to Tap Mobile Phone Packaging Boom
Mar 24, 2026
TCPL Packaging Limited has invested Rs. 2.29 crore in the rights issue of its wholly owned subsidiary, Creative Offset Printers Private Limited, receiving 40,317 additional equity shares without altering its 100% ownership. The related-party trans...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.