Tamil Nadu Newsprint & Papers
TNPL NSE
Tamil Nadu Newsprint & Papers
CommoditiesNSE: TNPL BSE: 531426 Paper, Forest & Jute Products
Key Fundamentals
MicrocapPaper & Paper ProductsForest MaterialsMarket Cap
₹1,057 Cr
Volatility
Moderate
P/E Ratio
4.07
EBITDA
₹557 Cr
Return on Equity
10.7%
Debt to Equity
0.7
Book Value
₹334.6
EPS
₹30.08
52W High
₹175.75
52W Low
₹121.51
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.46 times its book value
- Company has been maintaining a healthy dividend payout of 195%
Weaknesses
5- 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 7.07% over last 3 years.
- Contingent liabilities of Rs.522 Cr.
- Debtor days have increased from 38.6 to 48.2 days.
Growth Rate
Revenue Growth
2.89% higher than
3Y
Net Income Growth
—
Cash Flow Change
4.51% lower than
3Y
ROE
—
ROCE
3.68% higher than
3Y
EBITDA Margin (Avg.)
2.97% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,263 | 958 | 1,241 | 1,229 | 1,117 | 914 | 1,124 | 1,337 | 1,142 | 1,110 | 1,121 | 1,272 | 1,147 |
| Expenses | 949 | 801 | 1,104 | 1,069 | 969 | 790 | 1,071 | 1,234 | 1,041 | 987 | 1,005 | 1,131 | 1,032 |
| Operating Profit | 314 | 157 | 137 | 160 | 148 | 124 | 52.82 | 103 | 101 | 123 | 116 | 141 | 115 |
| OPM % | 24.86% | 16.36% | 11.05% | 13.03% | 13.24% | 13.57% | 4.7% | 7.71% | 8.88% | 11.09% | 10.31% | 11.06% | 10.02% |
| Other Income | 10.94 | 19.92 | 18.6 | 21.19 | 13.28 | 14.16 | 12.93 | 57.02 | 12.45 | 18.24 | 24.96 | 20.23 | 13.74 |
| Interest | 54.94 | 58.06 | 57.07 | 53.41 | 52.55 | 57.24 | 53.94 | 52.39 | 48.41 | 50.02 | 49.8 | 44.94 | 42.9 |
| Depreciation | 69.66 | 70.79 | 75.4 | 74.65 | 74.49 | 75.89 | 76.45 | 76.9 | 77.33 | 78.42 | 78.98 | 78.17 | 78.03 |
| PBT | 200 | 47.82 | 23.3 | 53.39 | 34.06 | 5.05 | -64.64 | 30.83 | -11.82 | 12.93 | 11.79 | 37.7 | 7.68 |
| Tax % | 35.75% | 36.64% | 30.47% | 38.21% | 35.67% | 48.71% | -33.65% | 28.25% | -37.31% | 37.35% | 42.58% | -537.4% | 25.26% |
| Net Profit | 129 | 30.3 | 16.2 | 32.99 | 21.91 | 2.59 | -42.89 | 22.12 | -7.41 | 8.1 | 6.77 | 240 | 5.74 |
| EPS in Rs | 18.59 | 4.38 | 2.34 | 4.77 | 3.17 | 0.37 | -6.2 | 3.2 | -1.07 | 1.17 | 0.98 | 34.72 | 0.83 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,136 | 2,418 | 2,958 | 3,098 | 4,083 | 3,471 | 2,768 | 4,020 | 5,180 | 4,690 | 4,491 | 4,645 | 4,649 |
| Expenses | 1,630 | 1,851 | 2,229 | 2,693 | 3,434 | 2,863 | 2,508 | 3,662 | 4,174 | 3,920 | 4,060 | 4,164 | 4,155 |
| Operating Profit | 506 | 567 | 729 | 405 | 649 | 608 | 260 | 358 | 1,006 | 770 | 431 | 481 | 494 |
| OPM % | 24% | 23% | 25% | 13% | 16% | 18% | 9% | 9% | 19% | 16% | 10% | 10% | 11% |
| Other Income | 17 | 22 | 37 | 34 | -34 | 36 | 70 | 49 | 43 | 69 | 95 | 75 | 77 |
| Interest | 155 | 122 | 252 | 245 | 233 | 223 | 193 | 156 | 182 | 223 | 216 | 193 | 188 |
| Depreciation | 137 | 144 | 208 | 222 | 227 | 231 | 235 | 229 | 264 | 291 | 304 | 313 | 314 |
| PBT | 230 | 324 | 306 | -28 | 155 | 191 | -99 | 22 | 603 | 325 | 5 | 51 | 70 |
| Tax % | 28% | 20% | 14% | 51% | 39% | 32% | -34% | 35% | 36% | 36% | 30% | -390% | — |
| Net Profit | 167 | 260 | 265 | -42 | 94 | 130 | -65 | 14 | 388 | 208 | 4 | 248 | 261 |
| EPS in Rs | 24.09 | 37.54 | 38.23 | -6.09 | 13.64 | 18.79 | -9.41 | 2.07 | 56.04 | 30.08 | 0.54 | 35.8 | 37.7 |
| Div. Payout % | 25% | 20% | 20% | -82% | 55% | 32% | -32% | 194% | 9% | 13% | 560% | 11% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | 69 |
| Reserves | 1,132 | 1,440 | 1,635 | 1,534 | 1,582 | 1,644 | 1,527 | 1,520 | 1,875 | 2,020 | 2,018 | 2,247 |
| Borrowings | 2,066 | 2,687 | 2,823 | 2,426 | 1,959 | 2,205 | 2,733 | 2,239 | 1,871 | 1,801 | 1,604 | 1,613 |
| Other Liabilities | 1,430 | 1,222 | 1,106 | 1,496 | 1,921 | 1,659 | 1,653 | 1,946 | 2,308 | 2,154 | 2,191 | 2,281 |
| Total Liabilities | 4,697 | 5,419 | 5,634 | 5,525 | 5,531 | 5,577 | 5,983 | 5,774 | 6,123 | 6,045 | 5,883 | 6,210 |
| Fixed Assets | 2,410 | 2,432 | 4,099 | 4,071 | 3,888 | 3,742 | 3,515 | 3,303 | 4,463 | 4,307 | 4,109 | 3,891 |
| CWIP | 631 | 1,815 | 59 | 18 | 14 | 62 | 939 | 1,357 | 20 | 16 | 55 | 473 |
| Investments | 1 | 6 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 1,656 | 1,166 | 1,475 | 1,435 | 1,628 | 1,773 | 1,528 | 1,113 | 1,639 | 1,721 | 1,718 | 1,844 |
| Total Assets | 4,697 | 5,419 | 5,634 | 5,525 | 5,531 | 5,577 | 5,983 | 5,774 | 6,123 | 6,045 | 5,883 | 6,210 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 404 | 620 | 284 | 833 | 819 | 241 | 423 | 1,111 | 809 | 419 | 570 | 596 |
| Investing | -741 | -894 | -90 | -115 | -47 | -207 | -682 | -353 | -104 | -136 | -162 | -387 |
| Financing | 345 | 270 | -253 | -574 | -849 | -36 | 333 | -760 | -652 | -270 | -493 | -161 |
| Net Cash Flow | 8 | -4 | -59 | 144 | -77 | -1 | 74 | -2 | 53 | 14 | -86 | 48 |
| Free Cash Flow | -347 | -283 | 185 | 711 | 765 | 28 | -262 | 754 | 701 | 277 | 400 | 199 |
| CFO/OP | 90 | 119 | 49 | 209 | 132 | 48 | 163 | 310 | 89 | 62 | 135 | 121 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 73 | 66 | 71 | 39 | 55 | 50 | 23 | 23 | 35 | 32 | 48 |
| Inventory Days | 224 | 155 | 269 | 142 | 229 | 286 | 269 | 104 | 259 | 262 | 217 | 191 |
| Days Payable | 285 | 234 | 255 | 225 | 321 | 336 | 331 | 261 | 346 | 270 | 262 | 292 |
| Cash Conversion Cycle | 25 | -6 | 80 | -12 | -53 | 6 | -12 | -134 | -64 | 28 | -13 | -53 |
| Working Capital Days | -77 | -89 | -77 | -98 | -70 | -69 | -91 | -106 | -81 | -68 | -72 | -65 |
| ROCE % | 13% | 12% | 13% | 5% | 12% | 11% | 2% | 4% | 21% | 14% | 6% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tamil Nadu Newsprint & Papers insights
38 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper Advertisement for Special Window for Re-Lodgement of Transfer and Dematerialisation Requests of Physical Requests 7 May - Newspaper Advertisement for Special Window for Re-Lodgement of Transfer and Dematerialisation Requests of Physical Requests
2
Announcement under Regulation 30 (LODR)-Change in Management
30 Apr - Thiru Kumar Jayant appointed CMD with full additional charge on 30 April 2026; Dr Sandeep Saxena retired. 30 Apr - Thiru Kumar Jayant appointed CMD with full additional charge on 30 April 2026; Dr Sandeep Saxena retired.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - TNPL confirms it is not a large corporate as of 31 March 2026; long-term borrowings at Rs. 1,160.44 crore. 30 Apr - TNPL confirms it is not a large corporate as of 31 March 2026; long-term borrowings at Rs. 1,160.44 crore.
4
Announcement under Regulation 30 (LODR)-Change in Management
30 Apr - Thiru Kumar Jayant appointed CMD with full additional charge on 30 April 2026; Dr Sandeep Saxena retired. 30 Apr - Thiru Kumar Jayant appointed CMD with full additional charge on 30 April 2026; Dr Sandeep Saxena retired.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - TNPL confirms it is not a large corporate as of 31 March 2026; long-term borrowings at Rs. 1,160.44 crore. 30 Apr - TNPL confirms it is not a large corporate as of 31 March 2026; long-term borrowings at Rs. 1,160.44 crore.
Frequently Asked Questions about Tamil Nadu Newsprint & Papers
What does Tamil Nadu Newsprint & Papers Ltd do?
Incorporated in 1979, Tamil Nadu Newsprint
& Papers Ltd manufactures and markets Paper, Paper Board, Cement, and does Generation of Power[1]
Where is Tamil Nadu Newsprint & Papers Ltd (TNPL) listed?
Tamil Nadu Newsprint & Papers Ltd trades as TNPL on the NSE and under code 531426 on the BSE.
Which sector does Tamil Nadu Newsprint & Papers Ltd belong to?
Tamil Nadu Newsprint & Papers Ltd is classified under the Commodities sector, in the Paper, Forest & Jute Products industry.
What is the market capitalisation of Tamil Nadu Newsprint & Papers Ltd?
Tamil Nadu Newsprint & Papers Ltd has a market capitalisation of ₹1,057 Cr, which places it in the Small Cap band.
What is the PE ratio of Tamil Nadu Newsprint & Papers Ltd?
Tamil Nadu Newsprint & Papers Ltd trades at a PE ratio of 4.07, on earnings per share of ₹30.08, against a book value of ₹334.6 per share.
What is the 52-week high and low of Tamil Nadu Newsprint & Papers Ltd?
Over the last 52 weeks Tamil Nadu Newsprint & Papers Ltd has traded between ₹121.51 and ₹175.75.
Does Tamil Nadu Newsprint & Papers Ltd pay dividends?
Tamil Nadu Newsprint & Papers Ltd has a dividend yield of 2.60%.
What is the Return on Equity (ROE) of Tamil Nadu Newsprint & Papers Ltd?
Tamil Nadu Newsprint & Papers Ltd reported a return on equity of 10.70%. Its debt-to-equity ratio is 0.70.
Company Information
Incorporated in 1979, Tamil Nadu Newsprint & Papers Ltd manufactures and markets Paper, Paper Board, Cement, and does Generation of Power[1]
Website tnpl.com
CEO Dr. Sandeep Kumar Saxena IAS.
Employees 2,866
Listed 1996-02-14
Face Value ₹ 10
Issued Size 6,92,10,600
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