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Tamil Nadu Newsprint & Papers Ltd.
(TNPL)
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Rating:65Neutral
Price Target:
₹148.00
▼(-1.46% Downside)
Action:Reiterated
Date:08/04/26
The score is driven mainly by mixed financial performance—improving leverage but weak revenue consistency and a sharp deterioration in free cash flow in 2026. Offsetting this, technicals are supportive with price above key moving averages and positive MACD, and valuation is compelling with a very low P/E plus a dividend yield.
Positive Factors
Improved Balance Sheet
Lower leverage gives TNPL greater financial resilience and more flexibility to manage industry cycles, fund essential investment, and absorb weaker periods. Continued equity growth further supports the capital structure, reducing the balance-sheet strain seen in earlier years.
Negative Factors
Persistent Revenue Decline
Three consecutive years of declining revenue indicate that TNPL’s recent top-line performance has lacked consistency. A shrinking revenue base can reduce operating leverage, limit reinvestment capacity, and make future earnings more dependent on paper pricing or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
Lower leverage gives TNPL greater financial resilience and more flexibility to manage industry cycles, fund essential investment, and absorb weaker periods. Continued equity growth further supports the capital structure, reducing the balance-sheet strain seen in earlier years.
Read all positive factors
Tamil Nadu Newsprint & Papers Ltd. (TNPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.77B
Dividend Yield1.88%
Average Volume (3M)16.37K
Price to Earnings (P/E)4.2
Beta (1Y)0.89
Revenue Growth2.88%
EPS GrowthN/A
CountryIN
Employees3,232
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)37.70
Shares Outstanding69,210,600
10 Day Avg. Volume15,994
30 Day Avg. Volume16,368
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 makes money primarily by manufacturing and selling paper and paper-based products. Its core revenue stream is the sale of printing and writing paper to customers such as publishers, printers, stationery and office-supply channels, and other i...
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 | 46.63B | 46.45B | 44.91B | 46.93B | 51.80B | 40.20B |
| Gross Profit | 8.72B | 6.84B | 12.12B | 15.32B | 10.98B | 9.72B |
| EBITDA | 5.72B | 5.57B | 4.28B | 8.06B | 10.48B | 3.93B |
| Net Income | 2.61B | 2.48B | 37.30M | 2.08B | 3.88B | 143.32M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 62.10B | 58.83B | 60.45B | 61.23B | 57.74B |
| Cash, Cash Equivalents and Short-Term Investments | 156.80M | 156.80M | 259.00M | 471.31M | 1.15B | 124.62M |
| Total Debt | 0.00 | 16.13B | 16.04B | 18.01B | 18.71B | 22.39B |
| Total Liabilities | -23.16B | 38.94B | 37.96B | 39.55B | 41.79B | 41.85B |
| Stockholders Equity | 23.16B | 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. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹8.82B | 9.80 | ― | 0.59% | 1.45% | -12.79% | |
67 Neutral | ₹14.59B | 14.15 | ― | 0.83% | 5.80% | 13.03% | |
66 Neutral | ₹42.89B | 18.77 | ― | 1.16% | 8.20% | -8.74% | |
65 Neutral | ₹10.77B | 4.15 | ― | 1.88% | 2.88% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹73.53B | 22.19 | ― | 0.95% | 10.27% | -11.88% | |
50 Neutral | ₹12.84B | 45.97 | ― | 0.69% | 5.12% | -66.53% |
* General Sector Average
IN:TNPL
Tamil Nadu Newsprint & Papers Ltd.
159.55
-0.65
-0.41%
IN:ANDHRAPAP
Andhra Paper Ltd.
72.34
-6.24
-7.94%
IN:JKPAPER
JK Paper Limited
419.95
27.12
6.90%
IN:PDMJEPAPER
Pudumjee Paper Products Ltd.
101.61
-24.35
-19.33%
IN:SESHAPAPER
Seshasayee Paper & Boards Ltd.
242.55
-22.13
-8.36%
IN:WSTCSTPAPR
West Coast Paper Mills Limited
687.25
201.30
41.42%
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.