Manufactures paperboard packaging, flexible packaging, rigid boxes and gravure cylinders across 10 manufacturing facilities, employing 3,714 people. Products are sold in India and exported, with overseas sales accounting for over 30% of turnover supported by a UAE office; subsidiary ATPL commissioned a new gravure cylinder facility in Silvassa. FY26 consolidated revenue stood at ₹1,835.6 crore, up about 3% year-on-year, while net profit fell 32% to ₹97.8 crore, hit by elevated raw material costs and a lag in passing on cost inflation to customers. Raw materials were the largest cost line at 58.1% of revenue, followed by other operating expenses at 15.8% and employee costs at 10.5%. A Chennai Greenfield facility is being ramped up to add capacity, the company sources 26% FSC-certified paperboard, and it has paid dividends for 26 consecutive years. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Paperboard packaging, Flexible packaging, Rigid boxes, Gravure cylinders. Multi-product packaging manufacturer spanning paperboard, flexible, rigid boxes and gravure cylinders
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,065 | 1,442 | 1,513 | 1,770 | 1,810 |
| EBITDA (ex other income) | 135 | 221 | 223 | 293 | 279 |
| margin % | 12.6 | 15.3 | 14.7 | 16.6 | 15.4 |
| Owners' profit | 47 | 111 | 101 | 143 | 98 |
| EPS, as reported (₹) | 51.51 | 121.36 | 111.39 | 157.16 | 107.47 |
| ROE % · ROCE % | 13.7 · 16.7 | 24.9 · 28.2 | 19.3 · 23.2 | 22.2 · 23.0 | 13.6 · 20.3 |
| Debt / equity (x) | 1.31 | 1.10 | 0.93 | 0.92 | 0.80 |
| Cash from operations | 97 | 109 | 234 | 133 | 290 |
| Capex | (189) | (100) | (146) | (159) | (154) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 455 | 480 | 422 | 418 | 460 | 465 | 454 | 493 |
| Profit before tax | 45 | 48 | 39 | 29 | 37 | 35 | 40 | 53 |
| Net profit | 36 | 38 | 38 | 22 | 29 | 25 | 22 | 40 |
| EPS (₹) | 39.05 | 41.46 | 41.78 | 24.52 | 31.56 | 27.52 | 23.87 | 43.96 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,674 | 15.7 | 2.68 | 8.3 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,730 | 6.9 | 0.58 | 6.9 | 3.9 | 2.7 | 11.6 | 17.1 |
| POLYPLEX CORPORATION LTD | 3,541 | 22.8 | 0.50 | 9.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · ESOP Trust transfers 219 shares to stock option grantee | general | low | — | — |
| 17 Aug 2026 · TCPL Q1 FY27 Transcript: Record Results; Enters Battery Separator Film | investor communications | medium | — | — |
| 12 Aug 2026 · Audio Recording of Q1 FY27 Earnings Call Available | investor communications | low | — | — |
| 12 Aug 2026 · TCPL Packaging Q1 FY27 results: Net profit rises 66 percent YoY | compliance | minimal | — | — |
| 11 Aug 2026 · 38th AGM: All 9 resolutions passed, Rs. 25 dividend declared | board shareholder meetings | low | — | — |
| 11 Aug 2026 · 38th AGM: All 9 Resolutions Passed; Dividend of Rs 25 Per Share | board shareholder meetings | low | — | — |
| 11 Aug 2026 · TCPL Packaging to enter lithium-ion battery separator film manufacturing | business updates | high | — | — |
| 11 Aug 2026 · TCPL Q1 FY27 PAT up 79% YoY; lithium-ion battery film entry announced | compliance | low | — | — |
| 11 Aug 2026 · TCPL Q1 FY27 results: revenue up 16%, PAT up 79%, new battery film foray | investor communications | medium | — | — |
| 11 Aug 2026 · TCPL enters lithium-ion battery separator film business via subsidiary | business updates | high | — | — |
| 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 |
| TCPL PACKAGING LIMITED ◆ |
| 3,515 |
| 30.4 |
| 4.89 |
| 13.4 |
| 13.6 |
| 13.0 |
| 15.4 |
| 17.8 |
| XPRO INDIA LIMITED | 3,028 | 91.7 | 3.79 | 64.6 | 2.4 | 2.8 | 6.2 | 11.4 |
| JINDAL POLY FILMS LIMITED | 2,936 | 143.6 | 0.72 | 10.0 | 0.6 | 0.8 | 8.5 | 23.0 |
| COSMO FIRST LIMITED | 2,294 | 13.6 | 1.42 | 8.0 | 9.6 | 6.4 | 9.8 | 12.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.4 | 17.6 | 52 of 69 | 25% |
| P/B | 4.9 | 1.4 | 54 of 61 | 10% |
| ROCE | 13.0 | 7.3 | 19 of 71 | 74% |
| ROE | 13.6 | 6.8 | 17 of 66 | 75% |
| Debt / Equity | 0.8 | 0.3 | 48 of 66 | 28% |
| EBITDA margin | 17.8 | 12.1 | 15 of 62 | 77% |
| Revenue growth | 17.9 | 14.0 | 26 of 61 | 58% |
| Profit growth | 79.3 | 23.4 | 18 of 60 | 71% |
| Market cap | 3515 | 131 | 5 of 73 | 94% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| 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.
