Manufactures paper and paperboard, which contributed 89.5 percent of FY26 segment revenue at Rs 4,630.66 crore. Also runs an energy segment that added 10.5 percent of segment revenue at Rs 542.84 crore, but this segment booked a small operating loss in FY26. Raw materials — the pulp, fibre and chemicals used in papermaking — are the largest cost at 46.9 percent of revenue (Rs 2,180.32 crore in FY26), followed by other operating expenses at 28.2 percent and employee cost at 10.4 percent. Depreciation of 6.7 percent of revenue and capex of 8.5 percent (Rs 396.68 crore) point to an asset-heavy manufacturing operation with ongoing plant investment. It is a Tamil Nadu state government undertaking; IAS officers are routinely nominated and replaced on its board by government order. FY26 total revenue stood at Rs 4,644.89 crore and net profit at Rs 247.75 crore. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Paper & Paper Board (90%), Energy (11%). Asset-heavy paper and paperboard manufacturing with ongoing capex and a small energy side-business
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,020 | 5,180 | 4,693 | 4,491 | 4,645 |
| EBITDA (ex other income) | 358 | 1,003 | 770 | 428 | 481 |
| margin % | 8.9 | 19.4 | 16.4 | 9.5 | 10.4 |
| Owners' profit | 14 | 388 | 208 | 4 | 248 |
| EPS, as reported (₹) | 2.07 | 56.04 | 30.08 | 0.54 | 35.80 |
| ROE % · ROCE % | 0.9 · 5.0 | 20.0 · 22.3 | 10.0 · 15.3 | 0.2 · 6.5 | 10.7 · 6.8 |
| Debt / equity (x) | 1.40 | 0.55 | 0.86 | 0.76 | 0.69 |
| Cash from operations | 1,111 | 809 | 419 | 570 | 596 |
| Capex | (357) | (107) | (143) | (174) | (397) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 915 | 1,126 | 1,337 | 1,142 | 1,110 | 1,121 | 1,272 | 1,147 |
| Profit before tax | 5 | (65) | 31 | (12) | 13 | 12 | 38 | 8 |
| Net profit | 3 | (43) | 22 | (7) | 8 | 7 | 240 | 6 |
| EPS (₹) | 0.37 | (6.20) | 3.20 | (1.07) | 1.17 | 0.98 | 34.72 | 0.83 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Paper & Paper Board | 4,631 | 89.5 |
| Energy | 543 | 10.5 |
| Total, before eliminations | 5,173 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JK PAPER LIMITED | 7,513 | 22.7 | 1.30 | 10.1 | 4.7 | 4.4 | 20.8 | 17.0 |
| WEST COAST PAPER MILLS LT | 4,722 | 20.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · ICICI Prudential MF cuts TN Newsprint stake below 5% | ownership changes | high | — | — |
| 3 Sept 2026 · TNPL 46th AGM on 24 Sept 2026 via video conferencing | compliance | minimal | — | — |
| 2 Sept 2026 · TNPL 46th AGM on 24 September 2026; FY26 Annual Report filed | board shareholder meetings | low | — | — |
| 2 Sept 2026 · TNPL files BRSR report for FY2025-26 with BSE and NSE | compliance | low | — | — |
| 2 Sept 2026 · TNPL files 46th AGM notice and FY26 annual report | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · TNPL 46th AGM scheduled for September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 21 Aug 2026 · TNPL Notice: Special Window for Re-lodging Physical Share Transfers | compliance | minimal | — | — |
| 20 Aug 2026 · TNPL 46th AGM on 24 Sep 2026, final dividend Rs 4 per share | compliance | minimal | — | — |
| 13 Aug 2026 · TNPL Q1 FY27: back in black with Rs 5.74 cr PAT | results | high | — | — |
| 12 Aug 2026 · TNPL Q1 FY27 results: swings to Rs 5.74 Cr profit vs loss last year | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| 1.13 |
| 9.5 |
| 3.7 |
| 5.0 |
| 13.8 |
| 23.6 |
| SESHASAYEE PAPER & BOARDS | 1,517 | 15.3 | 0.74 | 10.4 | 4.0 | 4.1 | 16.9 | 11.3 |
| ANDHRA PAPER LIMITED | 1,464 | 53.0 | 0.75 | — | 1.0 | 1.2 | — | 17.9 |
| N R AGARWAL INDS LTD | 1,078 | 17.4 | 1.32 | — | 5.4 | 3.9 | — | 12.4 |
| TAMILNADU NEWSPRT & PAPER ◆ | 1,066 | 4.1 | 0.46 | — | 10.7 | 1.4 | — | 11.2 |
| PUDUMJEE PAPER PRO. LTD | 929 | 10.2 | 1.39 | — | 14.0 | 16.2 | — | 25.2 |
| EMAMI PAPER MILLS LIMITED | 712 | 7.6 | 1.24 | — | 10.7 | 8.1 | — | 14.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.1 | 15.3 | 6 of 39 | 87% |
| P/B | 0.5 | 0.8 | 9 of 34 | 76% |
| ROCE | 1.4 | 4.4 | 35 of 49 | 29% |
| ROE | 10.7 | 4.0 | 10 of 45 | 80% |
| Debt / Equity | 0.7 | 0.2 | 34 of 45 | 25% |
| EBITDA margin | 11.2 | 10.4 | 19 of 38 | 51% |
| Revenue growth | 0.4 | 11.5 | 29 of 39 | 26% |
| Profit growth | 177.5 | 60.9 | 8 of 42 | 83% |
| Market cap | 1066 | 88 | 6 of 46 | 89% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
