Tamil Nadu Newsprint & Papers Ltd. (TNPL) AI Stock Analysis

• Market Cap: ₹10.56B
• Dividend Yield: 1.96%
• Average Volume (3M): 40.50K
• Price to Earnings (P/E): 310.8
• Beta (1Y): 1.04
• Revenue Growth: -0.66%
• EPS Growth: -125.23%
• Country: IN
• Employees: 3,232
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -1.07
• Shares Outstanding: 69,210,600
• 10 Day Avg. Volume: 5,503
• 30 Day Avg. Volume: 40,503
• PEG Ratio: -2.48
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 2.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹157.00
• Price Target Upside: 2.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: ₹157.00 ▲(2.88% Upside)

The overall stock score of 51.6 reflects a company with mixed financial performance and technical indicators, coupled with valuation concerns due to a negative P/E ratio. The strong operational cash flow provides some stability, but challenges in profitability and valuation weigh heavily on the score.

Tamil Nadu Newsprint & Papers Ltd. Business Overview & Revenue Model

Company Description

Tamil Nadu Newsprint & Papers Ltd. (TNPL) is a leading manufacturer of newsprint and writing paper in India, primarily based in the state of Tamil Nadu. Established in 1979, the company operates in the paper and paperboard sector, producing various grades of paper using eco-friendly and sustainable methods. TNPL specializes in producing newsprint, writing and printing paper, and packaging boards, catering to the needs of both domestic and international markets.

How the Company Makes Money

TNPL generates revenue primarily through the sale of its paper products, including newsprint and various grades of writing and printing paper. The company has established a strong market presence, allowing it to sell its products to a wide range of customers, including publishers, educational institutions, and packaging companies. Key revenue streams include the direct sale of paper products, which accounts for the majority of its income, as well as the sale of by-products from its manufacturing processes, such as pulp and waste paper. TNPL also benefits from partnerships with various distributors and retailers, enhancing its market reach. Additionally, the company emphasizes sustainable practices, which not only align with global environmental standards but also appeal to a growing consumer base that prioritizes eco-friendly products, further contributing to its revenue growth.

Tamil Nadu Newsprint & Papers Ltd. Financial Statement Overview

Summary

Tamil Nadu Newsprint & Papers Ltd. exhibits a mixed financial performance. The income statement reflects stable operational margins but challenges in sustaining net profitability. The balance sheet suggests a balanced capital structure, with room for improvement in equity stability. Cash flow analysis indicates strong operational cash generation, providing a solid foundation for future growth. The company needs to focus on enhancing net profitability and maintaining healthy cash flow to strengthen its financial position.

Income Statement

TNPL shows moderate financial performance in recent years. Gross profit margin has fluctuated but remains positive, indicating efficient cost management. However, net profit margin has been inconsistent due to varying net income, with a noticeable decline in the latest year. Revenue growth shows volatility, with a significant drop in 2025. EBITDA margin remains healthy, supporting operational efficiency. Overall, the income statement highlights stability in gross margins but challenges in net profitability.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, indicating a balanced use of debt and equity financing. However, the decline in equity ratio suggests increasing reliance on liabilities over time. Return on Equity (ROE) has been inconsistent, reflecting fluctuating net income levels. Despite manageable leverage, the company faces challenges with equity stability and profitability.

Cash Flow

TNPL's cash flow statement demonstrates strong operational cash flow, supporting positive free cash flow even during challenging financial periods. The operating cash flow to net income ratio indicates efficient cash generation relative to accounting profits. Free cash flow growth has been volatile, but the company maintains a positive cash flow trajectory, highlighting effective capital expenditure management and operational resilience.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.81B	44.91B	46.93B	51.80B	40.20B	27.68B
Gross Profit	18.73B	12.12B	15.32B	10.98B	9.72B	8.00B
EBITDA	4.20B	4.28B	8.06B	10.48B	3.93B	3.18B
Net Income	-255.90M	37.30M	2.08B	3.88B	143.32M	-651.11M
Balance Sheet
Total Assets	0.00	58.83B	60.45B	61.23B	57.74B	59.83B
Cash, Cash Equivalents and Short-Term Investments	259.00M	259.00M	471.31M	1.15B	124.62M	105.53M
Total Debt	0.00	16.04B	18.01B	18.71B	22.39B	27.33B
Total Liabilities	-20.87B	37.96B	39.55B	41.79B	41.85B	43.87B
Stockholders Equity	20.87B	20.87B	20.90B	19.44B	15.89B	15.97B
Cash Flow
Free Cash Flow	0.00	3.96B	2.77B	6.99B	7.54B	-2.62B
Operating Cash Flow	0.00	5.70B	4.19B	8.06B	11.11B	4.23B
Investing Cash Flow	0.00	-1.62B	-1.36B	-1.01B	-3.53B	-6.82B
Financing Cash Flow	0.00	-4.93B	-2.70B	-6.52B	-7.60B	3.33B

Tamil Nadu Newsprint & Papers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 152.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TNPL, the sentiment is Negative. The current price of 152.6 is below the 20-day moving average (MA) of 155.63, below the 50-day MA of 156.88, and below the 200-day MA of 153.09, indicating a bearish trend. The MACD of -0.97 indicates Positive momentum. The RSI at 42.22 is Neutral, neither overbought nor oversold. The STOCH value of 15.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TNPL.

Tamil Nadu Newsprint & Papers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RUCHIRA	68 Neutral	₹3.97B	5.71	―	3.76%	1.65%	64.71%
KUANTUM	68 Neutral	₹9.38B	10.53	―	2.79%	-11.03%	-43.24%
ANDHRAPAP	67 Neutral	₹15.45B	18.72	―	1.29%	-1.23%	-66.84%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SESHAPAPER	59 Neutral	₹15.88B	17.31	―	0.98%	-4.45%	-62.88%
TNPL	52 Neutral	₹10.56B	310.83	―	1.96%	-0.66%	-125.23%

Tamil Nadu Newsprint & Papers Ltd. Corporate Events

TNPL Announces Postal Ballot for Director Re-Appointment

Tamil Nadu Newsprint & Papers Ltd. has announced a postal ballot to seek shareholder approval for the re-appointment of Dr. N Sundaradevan as an Independent Director. This move, part of the company’s governance strategy, will ensure continuity in leadership and potentially strengthen its position in the eco-friendly paper industry.