TCPL Packaging Ltd
NSE:TCPLPACK
TCPL Packaging Ltd
TCPL Packaging Ltd. engages in the printing and packaging products. The company is headquartered in Mumbai, Maharashtra and currently employs 1,906 full-time employees. The company went IPO on 2017-10-17. The firm is a manufacturer of printed packaging material. The firm operates through the Printing and Packaging segment. The firm manufactures folding cartons, litho lamination, plastic cartons, blister packs, and shelf-ready packaging. The company is a converter of paperboard. The firm is also engaged in flexible packaging. The company produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The firm offers blanks and outers to the global tobacco companies. The company caters to Indian and global liquor companies for their packaging requirements that include folding cartons and fluted cartons. The company is a provider of packaging for customers in the food and beverage industry in India and around the world. The firm also serves pharmaceutical, fast-moving consumer goods (FMCG), agrochemicals and electrical industries. The firm's factories are located at Silvassa, Haridwar, Goa and Guwahati.
TCPL Packaging Ltd. engages in the printing and packaging products. The company is headquartered in Mumbai, Maharashtra and currently employs 1,906 full-time employees. The company went IPO on 2017-10-17. The firm is a manufacturer of printed packaging material. The firm operates through the Printing and Packaging segment. The firm manufactures folding cartons, litho lamination, plastic cartons, blister packs, and shelf-ready packaging. The company is a converter of paperboard. The firm is also engaged in flexible packaging. The company produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The firm offers blanks and outers to the global tobacco companies. The company caters to Indian and global liquor companies for their packaging requirements that include folding cartons and fluted cartons. The company is a provider of packaging for customers in the food and beverage industry in India and around the world. The firm also serves pharmaceutical, fast-moving consumer goods (FMCG), agrochemicals and electrical industries. The firm's factories are located at Silvassa, Haridwar, Goa and Guwahati.
Revenue Growth: TCPL Packaging delivered healthy double-digit growth in its domestic business in Q3, offsetting a continued decline in exports.
Profitability: EBITDA rose by about 15% year-on-year to INR 81 crores, with EBITDA margin expanding over 240 basis points to 17.2%, largely due to better gross margins and cost control.
Exceptional Item: Q3 results included a one-time exceptional loss of INR 11.57 crores linked to revised labor code implementation.
Capacity Expansion: The company commissioned a new gravure cylinder manufacturing facility at Silvassa, marking a key step in backward integration.
Demand Outlook: Domestic demand is expected to remain strong, while recent trade policy changes are seen as positive for future export momentum, though recovery will take time.
Segment Diversification: The domestic business is well-diversified beyond tobacco, reducing vulnerability to cigarette-specific headwinds.
CapEx & Expansion: CapEx was around INR 150 crores last year, with plans to maintain approximately INR 100 crores of investment annually going forward.
