Tamil Nadu Newsprint & Papers Ltd. (TNPL) AI Stock Analysis

Tamil Nadu Newsprint & Papers Ltd.

(NSE:TNPL)

Select Model

Rating:60Neutral

Price Target:INR 158.00▲(19.45% Upside)

Action:reiterated

Date:08/19/26

The overall score reflects a fundamentally viable company with a stronger balance sheet but uneven earnings and cash flows, combined with a clearly weak technical picture and a notably cheap valuation that partially offsets the cyclical and execution risks.

Positive Factors

Improved Capital StructureLower leverage and a growing equity base provide TNPL with greater financial resilience than in earlier years. A healthier capital structure can reduce balance-sheet strain, preserve borrowing capacity, and give the company more flexibility to sustain operations and fund future investment.

Negative Factors

Persistent Revenue DeclineThree consecutive years of declining revenue indicate that TNPL has not yet established dependable top-line momentum. Prolonged contraction can reduce operating leverage, weaken absorption of fixed manufacturing costs, and make sustained profitability more dependent on favorable pricing or product mix.

Tamil Nadu Newsprint & Papers Ltd. (TNPL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 8.86B
Dividend Yield: 3.12%
Average Volume (3M): 15.04K
Price to Earnings (P/E): 3.4
Beta (1Y): 0.82
Revenue Growth: 2.88%
EPS Growth: ―
Country: India
Employees: 2,757
Sector: General
Sector Strength: 55
Industry: Paper, Lumber & Forest Products

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 Board,...

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 inst...

Tamil Nadu Newsprint & Papers Ltd. Financial Statement Overview

Summary

Financials are mixed: leverage has reduced and equity has strengthened, but revenue, margins, and cash generation remain volatile, with recent free cash flow notably weaker despite ongoing profitability.

Income Statement

58Neutral

Balance Sheet

72Positive

Cash Flow

48Neutral

Financial statement breakdown
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	5.71B	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	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	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. Technical Analysis

Technical Analysis SentimentNegative

Last Price132.27

Price Trends

50DMA141.93Negative

100DMA142.59Negative

200DMA139.75Negative

Market Momentum

MACD-4.65Positive

RSI31.55Neutral

STOCH16.37Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TNPL, the sentiment is Negative. The current price of 132.27 is below the 20-day moving average (MA) of 137.10, below the 50-day MA of 141.93, and below the 200-day MA of 139.75, indicating a bearish trend. The MACD of -4.65 indicates Positive momentum. The RSI at 31.55 is Neutral, neither overbought nor oversold. The STOCH value of 16.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TNPL.

Tamil Nadu Newsprint & Papers Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TNPL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PDMJEPAPER	82Outperform	INR 8.29B	9.08	―	0.69%	1.45%	-12.79%
IN:JKPAPER	65Neutral	INR 67.03B	20.25	―	1.08%	10.27%	-11.88%
IN:WSTCSTPAPR	64Neutral	INR 53.82B	23.45	―	0.98%	8.20%	-8.74%
IN:TNPL	60Neutral	INR 8.88B	3.40	―	3.12%	2.88%	―
IN:ANDHRAPAP	59Neutral	INR 13.18B	48.06	―	0.76%	5.12%	-66.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SESHAPAPER	53Neutral	INR 12.75B	10.26	―	1.00%	18.52%	45.83%

* General Sector Average

Performance Comparison

IN:TNPL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TNPL	Tamil Nadu Newsprint & Papers Ltd.	128.25	-20.62	-13.85%
IN:ANDHRAPAP	Andhra Paper Ltd.	66.28	-11.08	-14.32%
IN:JKPAPER	JK Paper Limited	369.70	-12.69	-3.32%
IN:PDMJEPAPER	Pudumjee Paper Products Ltd.	87.32	-30.05	-25.60%
IN:SESHAPAPER	Seshasayee Paper & Boards Ltd.	202.15	-53.56	-20.94%
IN:WSTCSTPAPR	West Coast Paper Mills Limited	814.85	366.51	81.75%

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.

Date of analysis: Aug 04, 2026

Tamil Nadu Newsprint & Papers Ltd. AI Stock Analysis