Skip to main content
Swing Capital

Tamil Nadu Newsprint & Papers Ltd

NSE: TNPL BSE: 531426Energy

Incorporated in 1979, Tamil Nadu Newsprint & Papers Ltd manufactures and markets Paper, Paper Board, Cement, and does Generation of Power[1]

₹146
52W: ₹121 — ₹191
PE 4.08 · Book ₹335 · -56% vs book
Market Cap₹1,014 Cr
Stock P/E4.08Price to Earnings
ROCE6.4%Return on Capital
ROE11.2%Return on Equity
Div. Yield2.05%Face Value ₹10

Strengths

  • +Stock is trading at 0.43 times its book value
  • +Company has been maintaining a healthy dividend payout of 195%

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 10.9% over past five years.
  • −Company has a low return on equity of 7.22% over last 3 years.
  • −Contingent liabilities of Rs.539 Cr.
  • −Debtor days have increased from 38.6 to 48.2 days.

Shareholding Pattern

Promoters35.32%
FIIs4.96%
DIIs10.54%
Public45.12%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters35.32%35.32%35.32%35.32%35.32%35.32%35.32%35.32%
FIIs4.8%4.28%▼0.54.93%▲0.65.37%▲0.45.39%▲0.05.05%▼0.35.08%▲0.04.96%▼0.1
DIIs15.51%14.22%▼1.312.94%▼1.312.38%▼0.612.02%▼0.411.36%▼0.711.25%▼0.110.54%▼0.7
Public40.3%42.12%▲1.842.74%▲0.642.88%▲0.143.21%▲0.344.22%▲1.044.29%▲0.145.12%▲0.8

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,2411,2291,1179141,1241,3371,1421,1101,1211,272
Expenses1,1041,0699697901,0711,2341,0419871,0051,131
Operating Profit13716014812453103101123116141
OPM %11%13%13%14%5%8%9%11%10%11%
Net Profit1633223-4322-787240
EPS ₹2.344.773.170.37-6.23.2-1.071.170.9834.72

AI Insights

Revenue Trend

Mar 2026 revenue at ₹4,645Cr, up 3.4% YoY. OPM at 10%.

Debt Position

Borrowings at ₹1,613Cr. Debt-to-equity ratio: 0.72x. Moderate leverage.

Capex Cycle

CWIP at ₹473Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 10.54% (-2.10pp change). FIIs: 4.96% (+1.20pp change). Promoters hold 35.32%.

Margin & Efficiency

ROCE declining from 13% (Mar 2015) to 6% (Mar 2026). Working capital days: -65.

Valuation

PE 4.08x with 6.4% ROCE. Price is -56% above book value of ₹335. Dividend yield: 2.05%.

Recent Announcements