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TCPL Packaging Limited
(TCPLPACK)
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Rating:72Outperform
Price Target:
₹4,552.00
▲(27.99% Upside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by solid fundamentals (notably improving leverage and a strong 2026 cash flow rebound) and strong technical momentum with price well above key moving averages. Offsetting these positives are weaker consistency in earnings (net income fell in 2026) and a less attractive valuation (high P/E and low dividend yield).
Positive Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates continued demand for TCPL Packaging’s paperboard cartons and related solutions. Although the latest growth rate is modest, an established customer base across consumer and pharmaceutical industries supports recurring business activity.
Negative Factors
Recent Net Income Decline
The decline in net income signals pressure below operating profit, potentially from higher costs, financing effects or other charges. If persistent, weaker earnings conversion could limit internal capital generation and reduce the benefits of revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates continued demand for TCPL Packaging’s paperboard cartons and related solutions. Although the latest growth rate is modest, an established customer base across consumer and pharmaceutical industries supports recurring business activity.
Read all positive factors
TCPL Packaging Limited (TCPLPACK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.48B
Dividend Yield0.65%
Average Volume (3M)1.38K
Price to Earnings (P/E)30.4
Beta (1Y)0.86
Revenue Growth4.98%
EPS Growth-13.56%
CountryIN
Employees3,055
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)126.92
Shares Outstanding9,100,000
10 Day Avg. Volume644
30 Day Avg. Volume1,379
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)2.89
Price to Sales (P/S)1.15
P/FCF Ratio33.41
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)158.4
Revenue Forecast (FY)₹20.68B
TCPL Packaging Limited Business Overview & Revenue Model
Company Description
TCPL Packaging Limited, headquartered in Mumbai, India, is a prominent manufacturer and supplier of packaging products, operating both domestically and through exports. Established in 1987, the company was previously known as Twenty-First Century ...
How the Company Makes Money
TCPL Packaging Limited primarily makes money by selling manufactured packaging products to business customers. Its core revenue stream comes from the production and sale of printed paperboard cartons and other paper-based packaging formats, typica...
TCPL Packaging Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.72B | 18.10B | 17.70B | 15.23B | 14.59B | 10.73B |
| Gross Profit | 5.78B | 4.96B | 5.21B | 2.45B | 5.54B | 2.93B |
| EBITDA | 3.15B | 3.04B | 3.07B | 2.59B | 2.62B | 1.58B |
| Net Income | 1.15B | 977.96M | 1.43B | 1.01B | 1.11B | 473.47M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.16B | 16.12B | 13.28B | 12.18B | 10.72B |
| Cash, Cash Equivalents and Short-Term Investments | 180.52M | 180.52M | 175.05M | 218.33M | 79.14M | 97.58M |
| Total Debt | 0.00 | 6.34B | 6.51B | 5.04B | 5.01B | 4.63B |
| Total Liabilities | -7.19B | 9.97B | 9.68B | 8.02B | 7.75B | 7.29B |
| Stockholders Equity | 7.19B | 7.19B | 6.44B | 5.26B | 4.42B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 303.17M | 620.85M | -802.25M | 880.57M | 93.99M | -923.85M |
| Operating Cash Flow | 919.75M | 2.16B | 786.37M | 2.34B | 1.09B | 969.72M |
| Investing Cash Flow | -626.69M | -1.42B | -1.51B | -1.57B | -899.61M | -1.95B |
| Financing Cash Flow | -338.41M | -706.82M | 730.62M | -760.88M | -217.33M | 1.01B |
TCPL Packaging Limited Technical Analysis
Positive
3556.45
Price Trends
3366.61
Positive
2988.82
Positive
2894.10
Positive
Market Momentum
170.67
Positive
57.64
Neutral
9.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TCPLPACK, the sentiment is Positive. The current price of 3556.45 is below the 20-day moving average (MA) of 3809.80, above the 50-day MA of 3366.61, and above the 200-day MA of 2894.10, indicating a bullish trend. The MACD of 170.67 indicates Positive momentum. The RSI at 57.64 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TCPLPACK.
TCPL Packaging Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹35.48B | 30.41 | ― | 1.00% | 4.98% | -13.56% | |
71 Outperform | ₹19.84B | 14.33 | ― | 0.64% | -1.92% | 33.51% | |
67 Neutral | ₹5.99B | 8.51 | ― | 0.36% | -3.96% | 26.16% | |
66 Neutral | ₹23.57B | 30.58 | ― | 0.61% | 14.71% | 14.49% | |
58 Neutral | ₹1.71B | 20.55 | ― | 0.29% | 12.02% | 33.74% | |
57 Neutral | ₹46.85B | 6.83 | ― | 0.62% | 10.36% | 128.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:TCPLPACK
TCPL Packaging Limited
3,850.25
485.81
14.44%
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IN:HUHTAMAKI
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IN:MOLDTKPAC
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IN:NAHARPOLY
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248.90
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-15.55%
IN:UFLEX
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19.71%
TCPL Packaging Limited Corporate Events
TCPL Packaging to Enter Lithium-Ion Battery Separator Film Business
Aug 11, 2026
TCPL Packaging Limited has approved a strategic expansion into the battery materials business by setting up a new subsidiary to manufacture lithium-ion battery separator films. The move leverages the company’s existing expertise in specialis...
TCPL Packaging Posts Robust Q1 FY2027 Earnings Rebound
Aug 11, 2026
TCPL Packaging Limited reported a strong first quarter for FY2027, with consolidated total income rising 15.9% year-on-year to Rs. 494.9 crore and EBITDA increasing 17.3% to Rs. 87.9 crore, maintaining a healthy margin of 17.8%. Profit after tax n...
TCPL Packaging Board Approves Unaudited Q1 FY2027 Results
Aug 11, 2026
TCPL Packaging Limited has announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the first quarter of FY2027, ended June 30, 2026. The company has released a Q1 FY2027 results presentation a...
TCPL Packaging to Enter Lithium-Ion Battery Separator Film Business
Aug 11, 2026
TCPL Packaging Limited has approved a strategic expansion into the manufacturing of lithium-ion battery separator films, marking its entry into advanced chemistry cell battery materials. The board has cleared the plan to conduct this new activity ...
TCPL Packaging Transfers ESOP Shares Following Option Exercise
Jun 24, 2026
TCPL Packaging Limited has reported that 182 equity shares have been transferred by the TCPL ESOP Trust following the exercise of stock options by an employee grantee. The move reflects routine execution of the company’s employee stock optio...
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.