Tamil Nadu Newsprint & Papers Ltd. (IN:TNPL)
:TNPL
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Tamil Nadu Newsprint & Papers Ltd.
(TNPL)
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Rating:52Neutral
Price Target:
₹141.00
▼(-2.99% Downside)
Action:Reiterated
Date:04/27/26
The score is primarily held back by weak cash conversion (near-zero free cash flow in 2026) and volatile operating results despite some profitability recovery. Improved leverage supports the financial profile, while technicals are mildly positive in the near term. Valuation remains a headwind due to a high P/E, only partly offset by the dividend yield.
Positive Factors
Improved leverage
The move to debt-to-equity below 1.0 reflects a materially healthier capital structure versus earlier years. Lower leverage reduces refinancing and solvency risk, gives management scope to fund operations or selective investments, and improves resilience to cyclical downturns over the medium term.
Negative Factors
Weak cash conversion
Near-zero free cash flow signals high reinvestment or working-capital strain and limits internal funding for debt reduction, dividends, or capex. Persistent weak FCF reduces strategic flexibility and increases reliance on external financing, raising medium-term liquidity and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
The move to debt-to-equity below 1.0 reflects a materially healthier capital structure versus earlier years. Lower leverage reduces refinancing and solvency risk, gives management scope to fund operations or selective investments, and improves resilience to cyclical downturns over the medium term.
Read all positive factors
Tamil Nadu Newsprint & Papers Ltd. (TNPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.03B
Dividend Yield2.08%
Average Volume (3M)40.50K
Price to Earnings (P/E)4.1
Beta (1Y)0.93
Revenue Growth3.31%
EPS Growth6542.77%
CountryIN
Employees3,232
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-2.90
Shares Outstanding69,210,600
10 Day Avg. Volume5,503
30 Day Avg. Volume40,503
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.37
Price to Sales (P/S)0.18
P/FCF Ratio98.95
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)N/A
Revenue Forecast (FY)N/A
Tamil Nadu Newsprint & Papers Ltd. Business Overview & Revenue Model
Company Description
Tamil Nadu Newsprint and Papers Limited (TNPL) is a diversified Indian enterprise primarily engaged in the manufacturing and distribution of paper and paperboard products. Its operations are structured across three main segments: Paper & Paper Boa...
How the Company Makes Money
TNPL primarily makes money by manufacturing and selling paper and paper-based products. Its core revenue stream is the sale of printing and writing paper (used by publishers, printers, corporates, and institutional buyers) and the sale of packagin...
Tamil Nadu Newsprint & Papers Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.88B | 46.45B | 44.91B | 46.93B | 51.80B | 40.20B |
| Gross Profit | 15.10B | 6.84B | 12.12B | 15.32B | 10.98B | 9.72B |
| EBITDA | 4.23B | 4.81B | 4.28B | 8.06B | 10.48B | 3.93B |
| Net Income | -200.80M | 2.48B | 37.30M | 2.08B | 3.88B | 143.32M |
Balance Sheet | ||||||
| Total Assets | 61.16B | 62.10B | 58.83B | 60.45B | 61.23B | 57.74B |
| Cash, Cash Equivalents and Short-Term Investments | 185.00M | 156.80M | 259.00M | 471.31M | 1.15B | 124.62M |
| Total Debt | 18.71B | 16.13B | 16.04B | 18.01B | 18.71B | 22.39B |
| Total Liabilities | 40.47B | 38.94B | 37.96B | 39.55B | 41.79B | 41.85B |
| Stockholders Equity | 20.69B | 23.16B | 20.87B | 20.90B | 19.44B | 15.89B |
Cash Flow | ||||||
| Free Cash Flow | -1.65B | 85.70M | 3.96B | 2.77B | 6.99B | 7.54B |
| Operating Cash Flow | -517.40M | 4.05B | 5.70B | 4.19B | 8.06B | 11.11B |
| Investing Cash Flow | -1.04B | -3.97B | -1.62B | -1.36B | -1.01B | -3.53B |
| Financing Cash Flow | 1.91B | 391.20M | -4.93B | -2.70B | -6.52B | -7.60B |
Tamil Nadu Newsprint & Papers Ltd. Technical Analysis
Neutral
145.35
Price Trends
146.78
Negative
141.11
Positive
145.60
Negative
Market Momentum
-0.85
Positive
46.38
Neutral
40.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TNPL, the sentiment is Neutral. The current price of 145.35 is below the 20-day moving average (MA) of 146.26, below the 50-day MA of 146.78, and below the 200-day MA of 145.60, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 40.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TNPL.
Tamil Nadu Newsprint & Papers Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹7.83B | 8.40 | ― | 0.62% | -0.15% | -2.23% | |
65 Neutral | ₹33.84B | 22.84 | ― | 1.18% | 5.67% | -51.60% | |
62 Neutral | ₹14.23B | 16.13 | ― | 1.03% | -2.50% | -24.40% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹63.51B | 23.52 | ― | 1.36% | 6.45% | -34.30% | |
52 Neutral | ₹10.03B | 4.05 | ― | 2.08% | 3.31% | 6542.77% | |
47 Neutral | ₹12.63B | 67.37 | ― | 1.48% | 10.38% | -79.03% |
* Basic Materials Sector Average
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
144.85
-4.99
-3.33%
IN:ANDHRAPAP
Andhra Paper Ltd.
63.53
-12.73
-16.69%
IN:JKPAPER
JK Paper Limited
350.25
1.91
0.55%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
82.49
-25.67
-23.73%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
225.65
-80.71
-26.34%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
512.30
21.65
4.41%
Tamil Nadu Newsprint & Papers Ltd. Corporate Events
TNPL Clears FY26 Results and Proposes 40% Final Dividend
Apr 24, 2026
Tamil Nadu Newsprint Papers Ltd.’s board has approved the audited standalone financial results for the quarter and year ended 31 March 2026, along with an unmodified auditor’s report and related compliance declarations under SEBI̵...
TNPL Clears FY26 Results and Proposes Final Dividend
Apr 24, 2026
Tamil Nadu Newsprint Papers Limited announced that its Board has approved the audited standalone financial results for the quarter and financial year ended 31 March 2026, supported by an unmodified auditor’s report and a formal declaration ...
TNPL Files Quarterly Integrated Governance Report, Confirms Stable Compliance Profile
Jan 27, 2026
Tamil Nadu Newsprint Papers Ltd. has filed its integrated corporate governance report for the quarter ended 31 December 2025, confirming applicability of SEBI’s latest requirements on corporate governance compliance, investor grievance redr...
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.