TCPL Packaging Limited (IN:TCPLPACK)
:TCPLPACK
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TCPL Packaging Limited
(TCPLPACK)
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Rating:69Neutral
Price Target:
₹2,429.00
▼(-31.70% Downside)
Action:DowngradedDate:02/11/26
The score is primarily supported by improving profitability and a strengthening balance sheet, but is held back by negative free cash flow and only mixed technical confirmation (negative MACD and price below longer-term moving averages). Valuation is moderate with a modest dividend yield, providing limited additional support.
Positive Factors
Revenue Growth
A 14.85% year-over-year revenue increase demonstrates durable demand for TCPL's paperboard packaging across FMCG and regulated end markets. Sustained top-line growth supports scale economics, customer retention and helps absorb input-cost volatility over the medium term.
Negative Factors
Weak Cash Conversion
Operating cash flow covering only 55% of net income indicates earnings are not fully converting to cash. Persistent weak cash conversion can constrain dividends, debt servicing and organic investment, forcing reliance on external financing or equity issuance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 14.85% year-over-year revenue increase demonstrates durable demand for TCPL's paperboard packaging across FMCG and regulated end markets. Sustained top-line growth supports scale economics, customer retention and helps absorb input-cost volatility over the medium term.
Read all positive factors
TCPL Packaging Limited (TCPLPACK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹21.86B
Dividend Yield1%
Average Volume (3M)195.00
Price to Earnings (P/E)27.3
Beta (1Y)0.75
Revenue Growth9.49%
EPS Growth9.69%
CountryIN
Employees2,228
SectorConsumer Goods
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)40.00
Shares Outstanding9,100,000
10 Day Avg. Volume177
30 Day Avg. Volume195
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)6.12
Price to Sales (P/S)2.23
P/FCF Ratio-49.12
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)145.6
Revenue Forecast (FY)₹19.26B
TCPL Packaging Limited Business Overview & Revenue Model
Company Description
TCPL Packaging Limited manufactures and sells packaging products in India. It offers folding cartons, printed blanks and outers, litho-lamination products, plastic cartons, and blister and shelf-ready packaging products, as well as printed cork-ti...
How the Company Makes Money
TCPL Packaging Limited primarily makes money by manufacturing and selling paperboard/paper-based packaging products to brand owners and converters, earning revenue from the supply of finished packaging (notably printed folding cartons) produced to...
TCPL Packaging Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.73B | 17.70B | 15.23B | 14.59B | 10.73B | 8.92B |
| Gross Profit | 6.19B | 5.21B | 2.45B | 5.54B | 2.93B | 2.49B |
| EBITDA | 3.12B | 3.07B | 2.59B | 2.62B | 1.58B | 1.36B |
| Net Income | 1.27B | 1.43B | 1.01B | 1.11B | 473.47M | 334.74M |
Balance Sheet | ||||||
| Total Assets | 17.17B | 16.12B | 13.28B | 12.18B | 10.72B | 8.38B |
| Cash, Cash Equivalents and Short-Term Investments | 153.53M | 175.05M | 218.33M | 79.14M | 97.58M | 62.19M |
| Total Debt | 6.91B | 6.51B | 5.04B | 5.01B | 4.63B | 3.21B |
| Total Liabilities | 10.48B | 9.68B | 8.02B | 7.75B | 7.29B | 5.38B |
| Stockholders Equity | 6.69B | 6.44B | 5.26B | 4.42B | 3.40B | 3.00B |
Cash Flow | ||||||
| Free Cash Flow | 303.17M | -802.25M | 880.57M | 93.99M | -923.85M | 598.28M |
| Operating Cash Flow | 919.75M | 786.37M | 2.34B | 1.09B | 969.72M | 1.15B |
| Investing Cash Flow | -626.69M | -1.51B | -1.57B | -899.61M | -1.95B | -414.13M |
| Financing Cash Flow | -338.41M | 730.62M | -760.88M | -217.33M | 1.01B | -667.19M |
TCPL Packaging Limited Technical Analysis
Neutral
3556.45
Price Trends
2656.24
Negative
2879.92
Negative
3203.78
Negative
Market Momentum
-113.34
Positive
42.33
Neutral
19.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCPLPACK, the sentiment is Neutral. The current price of 3556.45 is above the 20-day moving average (MA) of 2499.03, above the 50-day MA of 2656.24, and above the 200-day MA of 3203.78, indicating a bearish trend. The MACD of -113.34 indicates Positive momentum. The RSI at 42.33 is Neutral, neither overbought nor oversold. The STOCH value of 19.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹21.86B | 27.34 | ― | 1.00% | 9.49% | 9.69% | |
64 Neutral | ₹12.47B | 13.53 | ― | 0.95% | -1.59% | -75.34% | |
61 Neutral | ₹27.06B | 35.15 | ― | ― | 15.59% | 20.12% | |
60 Neutral | ₹34.30B | 36.16 | ― | 0.82% | 6.63% | 42.16% | |
57 Neutral | $3.13B | 9.23 | -34.32% | 3.14% | -25.56% | -353.61% | |
53 Neutral | ₹21.88B | -12.27 | ― | ― | 5.79% | 9.84% | |
52 Neutral | ₹27.66B | 64.82 | ― | 0.18% | 16.32% | -20.97% |
* 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...
TCPL Packaging Releases Q3 and 9M FY26 Earnings Call Transcript
Feb 19, 2026
TCPL Packaging Limited announced that it has released the official transcript of its earnings conference call for the third quarter and nine months of fiscal year 2026. The call, held with investors and analysts on February 16, 2026 and led by Exe...
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.