TCPL Packaging Limited share price

NSE: TCPLPACK · ISIN INE822C01015

Key numbers

Market cap
₹ 3,729 Cr
Current price
₹ 4,106.80
52-week high / low
₹ 4,411 / 2,200
Stock P/E
32.3
Book value
₹ 789.9
Dividend yield
0.61%
ROCE
15.0%
ROE
14.4%
Debt to equity
0.88
Sales growth (3 yrs)
7.3%
Profit growth (3 yrs)
-4.2%
1-year return
20.6%

About TCPL Packaging Limited

TCPL Packaging Limited manufactures and sells paperboard-based packaging, flexible packaging, rigid boxes, and gravure printing cylinders in India. The company offers folding cartons, printed blanks and outers, litho-laminated cartons, shaped cartons, metallized paperboard cartons, coated food packaging, and secure document envelope cartons; flexible packaging products, such as printed laminates, pouches, wrap-around labels, and shrink sleeves; MDO Polyethylene (PE) / PE structures, PE-based barrier formats, paper cups with compostable coatings, paper / compostable PE structures, recyclable films and other selected mono-material or recyclable packaging solutions; and rigid boxes and premium gift packaging solutions, as well as films and specialty applications. It serves FMCG, food and beverages, pharmaceuticals, tobacco, e-commerce, consumer durables, and electronics industries. The company was formerly known as Twenty First Century Printers Ltd and changed its name to TCPL Packaging Limited in September 2008. The company was incorporated in 1987 and is headquartered in Mumbai, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales425452465454493
Operating profit7369816986
Net profit2229252240
EPS (₹)24.5231.5627.5223.8743.96

Concall summary (2026-08-17)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • The project will be established through a subsidiary with a proposed investment of approximately INR 125 crore, to be deployed over the next 18 months, with commercial production targeted during Q4 FY28.
  • So the guidance we had given for that was around INR 150 crore to INR 200 crore.

Growth & demand

  • During the first quarter, we delivered a record quarterly performance, with consolidated total income increasing by 16% year-on-year to INR 495 crore, while EBITDA grew by 17% to INR 88 crore with margins improving to 18%.
  • Cash profit increased by 56% year-on-year to INR 76 crore, while PAT grew by nearly 79% year-on-year to INR 40 crore.

Margins & costs

  • So this year, it will be probably more like the land cost and then everything else will pretty much be in next year's cost.
  • But basically, the EBITDA margin could not be maintained if we did not pass it through.

Capex & expansion

  • The proposed facility will initially have a manufacturing capacity of approximately 70 million square meters per annum supporting around 6 to 8 gigawatt hours of lithium- ion cell production annually.
  • We will be adding about a 30% increase to our existing capacity.

Risks & challenges

  • Despite various headwinds during the quarter, we were able to grow volumes and improve margins, reflecting the strength of our operating performance and focus on efficiencies.
  • Our export business also recorded steady year-on-year growth; however, we remain cautious on the near-term outlook given the continuing uncertainty in the global operating environment.

Peers in Packaging & Containers

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