About
TCPL Packaging Limited manufactures and sells paperboard-based packaging, flexible packaging, rigid boxes, and gravure printing cylinders in India. The company offers folding cartons, printed blanks and outers, litho-laminated cartons, shaped cartons, metallized paperboard cartons, coated food packaging, and secure document envelope cartons; flexible packaging products, such as printed laminates, pouches, wrap-around labels, and shrink sleeves; MDO Polyethylene (PE) / PE structures, PE-based barrier formats, paper cups with compostable coatings, paper / compostable PE structures, recyclable films and other selected mono-material or recyclable packaging solutions; and rigid boxes and premium gift packaging solutions, as well as films and specialty applications. It serves FMCG, food and beverages, pharmaceuticals, tobacco, e-commerce, consumer durables, and electronics industries. The company was formerly known as Twenty First Century Printers Ltd and changed its name to TCPL Packaging Limited in September 2008. The company was incorporated in 1987 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap3,730 Cr
P/E30.00
Div Yield0.61 %
Book Value₹790.00
52w High₹4,430.00
52w Low₹2,200.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 493.00 | 454.00 | 471.00 | 460.00 | 425.00 | 422.00 | 480.00 | 463.00 | 406.00 | 401.00 | 364.00 | 406.00 | 371.00 |
| Expenses | 407.00 | 384.00 | 390.00 | 391.00 | 352.00 | 350.00 | 409.00 | 386.00 | 334.00 | 330.00 | 309.00 | 341.00 | 310.00 |
| Operating Profit | 86.00 | 69.00 | 81.00 | 69.00 | 73.00 | 72.00 | 71.00 | 77.00 | 71.00 | 70.00 | 55.00 | 65.00 | 61.00 |
| OPM % | 17.00 | 15.00 | 17.00 | 15.00 | 17.00 | 17.00 | 15.00 | 17.00 | 18.00 | 18.00 | 15.00 | 16.00 | 17.00 |
| Other Income | 2.00 | 9.00 | -9.00 | 9.00 | 2.00 | 4.00 | 12.00 | 1.00 | 2.00 | 1.00 | 7.00 | 3.00 | 1.00 |
| Depreciation | 23.00 | 21.00 | 21.00 | 22.00 | 20.00 | 18.00 | 19.00 | 19.00 | 19.00 | 19.00 | 18.00 | 18.00 | 16.00 |
| Interest | 12.00 | 18.00 | 15.00 | 20.00 | 26.00 | 18.00 | 15.00 | 14.00 | 13.00 | 14.00 | 15.00 | 13.00 | 14.00 |
| Profit before tax | 53.00 | 40.00 | 35.00 | 37.00 | 29.00 | 39.00 | 48.00 | 45.00 | 41.00 | 38.00 | 28.00 | 37.00 | 32.00 |
| Tax % | 24.00 | 46.00 | 29.00 | 23.00 | 23.00 | 4.00 | 22.00 | 20.00 | 23.00 | 24.00 | 31.00 | 22.00 | 26.00 |
| Net Profit | 40.00 | 22.00 | 25.00 | 29.00 | 22.00 | 38.00 | 38.00 | 36.00 | 32.00 | 29.00 | 19.00 | 28.00 | 24.00 |
| EPS in Rs | 43.97 | 23.87 | 27.52 | 31.56 | 24.53 | 41.78 | 41.46 | 39.05 | 34.86 | 31.47 | 21.14 | 31.21 | 26.13 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 1,810.00 | 1,770.00 | 1,541.00 | 1,475.00 | 1,086.00 | 904.00 | 890.00 |
| Expenses | 1,518.00 | 1,476.00 | 1,290.00 | 1,239.00 | 931.00 | 770.00 | 764.00 |
| Operating Profit | 292.00 | 294.00 | 252.00 | 236.00 | 155.00 | 133.00 | 126.00 |
| OPM % | 16.00 | 17.00 | 16.00 | 16.00 | 14.00 | 15.00 | 14.00 |
| Other Income | 11.00 | 14.00 | 10.00 | 27.00 | 3.00 | 3.00 | 2.00 |
| Interest | 79.00 | 58.00 | 56.00 | 48.00 | 34.00 | 37.00 | 37.00 |
| Depreciation | 83.00 | 75.00 | 72.00 | 64.00 | 56.00 | 52.00 | 48.00 |
| Profit before tax | 141.00 | 174.00 | 135.00 | 152.00 | 68.00 | 47.00 | 42.00 |
| Tax % | 31.00 | 18.00 | 26.00 | 27.00 | 31.00 | 29.00 | 14.00 |
| Net Profit | 98.00 | 143.00 | 99.00 | 110.00 | 47.00 | 33.00 | 37.00 |
| EPS in Rs | 107.47 | 157.15 | 109.22 | 122.05 | 52.03 | 36.78 | 40.13 |
| Dividend Payout % | 23.00 | 19.00 | 20.00 | 16.00 | 19.00 | 20.00 | 10.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 710.00 | 635.00 | 514.00 | 433.00 | 331.00 | 291.00 |
| Borrowings | 634.00 | 651.00 | 504.00 | 501.00 | 463.00 | 321.00 |
| Other Liabilities | 363.00 | 317.00 | 299.00 | 274.00 | 268.00 | 217.00 |
| Total Liabilities | 1,716.00 | 1,612.00 | 1,326.00 | 1,217.00 | 1,072.00 | 838.00 |
| Fixed Assets | 895.00 | 771.00 | 696.00 | 580.00 | 541.00 | 448.00 |
| CWIP | 10.00 | 64.00 | 7.00 | 44.00 | 48.00 | 11.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 811.00 | 776.00 | 623.00 | 593.00 | 482.00 | 379.00 |
| Total Assets | 1,716.00 | 1,612.00 | 1,326.00 | 1,217.00 | 1,072.00 | 838.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 271.00 | 133.00 | 234.00 | 109.00 | 97.00 | 111.00 |
| Cash from Investing Activity | -141.00 | -150.00 | -157.00 | -90.00 | -195.00 | -41.00 |
| Cash from Financing Activity | -127.00 | 18.00 | -76.00 | -22.00 | 101.00 | -67.00 |
| Net Cash Flow | 3.00 | 1.00 | 1.00 | -2.00 | 3.00 | 3.00 |
| Free Cash Flow | 121.00 | -24.00 | 92.00 | 13.00 | -88.00 | 56.00 |
| CFO/OP % | 106.00 | 60.00 | 108.00 | 62.00 | 74.00 | 93.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 93.00 | 95.00 | 82.00 | 73.00 | 77.00 | 72.00 |
| Inventory Days | 85.00 | 78.00 | 85.00 | 99.00 | 102.00 | 101.00 |
| Days Payable | 80.00 | 78.00 | 75.00 | 67.00 | 93.00 | 98.00 |
| Cash Conversion Cycle | 98.00 | 95.00 | 92.00 | 106.00 | 86.00 | 74.00 |
| Working Capital Days | 29.00 | 24.00 | 18.00 | 13.00 | -2.00 | 2.00 |
| ROCE % | 18.00 | 20.00 | 19.00 | 21.00 | 14.00 | — |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Aug 2026 | 04 Aug 2026 | — | 25.00 | |
| Dividend | 24 Jul 2025 | 24 Jul 2025 | — | 30.00 | |
| Dividend | 23 Jul 2024 | — | — | 22.00 | |
| Dividend | 28 Jul 2023 | — | — | 20.00 | |
| Dividend | 02 Aug 2022 | — | — | 10.00 | |
| Dividend | 18 Aug 2021 | — | — | 7.35 | |
| Dividend | 22 Jul 2020 | — | — | 4.00 | |
| Dividend | 05 Sep 2019 | — | — | 5.25 | |
| Dividend | 23 Aug 2018 | — | — | 3.70 | |
| Dividend | 01 Aug 2017 | — | — | 6.25 | |
| Dividend | 29 Jul 2016 | — | — | 7.35 | |
| Dividend | 30 Jul 2015 | — | — | 6.00 | |
| Dividend | 17 Jul 2014 | — | — | 2.50 | |
| Dividend | 16 Jul 2013 | — | — | 2.65 | |
| Dividend | 13 Jul 2012 | — | — | 2.00 | |
| Dividend | 16 Jun 2011 | — | — | 1.50 | |
| Dividend | 02 Sep 2010 | — | — | 1.50 | |
| Dividend | 11 Jun 2009 | — | — | 1.50 | |
| Dividend | 07 Aug 2008 | — | — | 1.50 | |
| Dividend | 09 Aug 2007 | — | — | 1.50 | |
| Dividend | 14 Aug 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update21 May from crisil
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Rating update11 Sep 2025 from crisil
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Rating update27 Aug 2025 from icra
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Rating update10 Jul 2025 from crisil
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Rating update1 Aug 2024 from crisil
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Rating update9 Jul 2024 from crisil
Conference Calls
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