| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 406 | 364 | 401 | 406 | 463 | 480 | 422 | 425 | 460 | 471 | 454 | 493 | |
Growth YoY Revenue Growth YoY% | 12.2 | -3.8 | 2.0 | 9.2 | 14.0 | 31.9 | 5.5 | 4.7 | -0.5 | -1.8 | 7.5 | 16.1 |
| 341 | 309 | 330 | 334 | 386 | 409 | 350 | 352 | 391 | 390 | 384 | 407 | |
| 65 | 55 | 70 | 71 | 77 | 71 | 72 | 73 | 69 | 81 | 69 | 86 | |
OPM OPM% | 16.1 | 15.0 | 17.6 | 17.6 | 16.6 | 14.7 | 17.1 | 17.1 | 15.1 | 17.2 | 15.3 | 17.4 |
| 3 | 7 | 1 | 2 | 1 | 12 | 4 | 2 | 9 | -9 | 9 | 2 | |
Interest Expense Interest ExpenseCr | 13 | 15 | 14 | 13 | 14 | 15 | 18 | 26 | 20 | 15 | 18 | 12 |
Depreciation DepreciationCr | 18 | 18 | 19 | 19 | 19 | 19 | 18 | 20 | 22 | 21 | 21 | 23 |
PBT PBTCr | 37 | 28 | 38 | 41 | 45 | 48 | 39 | 29 | 37 | 35 | 40 | 53 |
| 8 | 9 | 9 | 10 | 9 | 11 | 1 | 7 | 8 | 10 | 19 | 13 | |
| 28 | 19 | 29 | 32 | 36 | 38 | 38 | 22 | 29 | 25 | 22 | 40 | |
Growth YoY PAT Growth YoY% | -28.2 | -19.8 | 18.6 | 34.4 | 25.3 | 94.0 | 32.8 | -29.6 | -19.2 | -33.6 | -42.9 | 79.3 |
NPM NPM% | 7.0 | 5.3 | 7.2 | 7.8 | 7.7 | 7.9 | 9.0 | 5.3 | 6.2 | 5.3 | 4.8 | 8.1 |
| 32.2 | 21.4 | 31.5 | 34.9 | 39.0 | 41.5 | 41.8 | 24.5 | 31.6 | 27.5 | 23.9 | 44.0 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 406 | 364 | 401 | 406 | 463 | 480 | 422 | 425 | 460 | 471 | 454 | 493 | |
Growth YoY Revenue Growth YoY% | 12.2 | -3.8 | 2.0 | 9.2 | 14.0 | 31.9 | 5.5 | 4.7 | -0.5 | -1.8 | 7.5 | 16.1 |
| 341 | 309 | 330 | 334 | 386 | 409 | 350 | 352 | 391 | 390 | 384 | 407 | |
| 65 | 55 | 70 | 71 | 77 | 71 | 72 | 73 | 69 | 81 | 69 | 86 | |
OPM OPM% | 16.1 | 15.0 | 17.6 | 17.6 | 16.6 | 14.7 | 17.1 | 17.1 | 15.1 | 17.2 | 15.3 | 17.4 |
| 3 | 7 | 1 | 2 | 1 | 12 | 4 | 2 | 9 | -9 | 9 | 2 | |
Interest Expense Interest ExpenseCr | 13 | 15 | 14 | 13 | 14 | 15 | 18 | 26 | 20 | 15 | 18 | 12 |
Depreciation DepreciationCr | 18 | 18 | 19 | 19 | 19 | 19 | 18 | 20 | 22 | 21 | 21 | 23 |
PBT PBTCr | 37 | 28 | 38 | 41 | 45 | 48 | 39 | 29 | 37 | 35 | 40 | 53 |
| 8 | 9 | 9 | 10 | 9 | 11 | 1 | 7 | 8 | 10 | 19 | 13 | |
| 28 | 19 | 29 | 32 | 36 | 38 | 38 | 22 | 29 | 25 | 22 | 40 | |
Growth YoY PAT Growth YoY% | -28.2 | -19.8 | 18.6 | 34.4 | 25.3 | 94.0 | 32.8 | -29.6 | -19.2 | -33.6 | -42.9 | 79.3 |
NPM NPM% | 7.0 | 5.3 | 7.2 | 7.8 | 7.7 | 7.9 | 9.0 | 5.3 | 6.2 | 5.3 | 4.8 | 8.1 |
| 32.2 | 21.4 | 31.5 | 34.9 | 39.0 | 41.5 | 41.8 | 24.5 | 31.6 | 27.5 | 23.9 | 44.0 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 890 | 904 | 1,086 | 1,475 | 1,541 | 1,770 | 1,810 | 1,879 |
Growth Revenue Growth% | 1.6 | 20.1 | 35.8 | 4.5 | 14.8 | 2.3 | 5.0 | |
| 764 | 770 | 931 | 1,239 | 1,290 | 1,477 | 1,518 | 1,573 | |
| 126 | 133 | 155 | 236 | 252 | 293 | 292 | 306 | |
OPM OPM% | 14.2 | 14.8 | 14.3 | 16.0 | 16.3 | 16.6 | 16.1 | 16.3 |
| 2 | 3 | 3 | 27 | 11 | 14 | 12 | 11 | |
Interest Expense Interest ExpenseCr | 37 | 37 | 34 | 47 | 56 | 58 | 79 | 65 |
Depreciation DepreciationCr | 48 | 52 | 56 | 64 | 72 | 75 | 83 | 87 |
PBT PBTCr | 42 | 47 | 68 | 152 | 135 | 174 | 141 | 165 |
| 6 | 14 | 21 | 41 | 35 | 31 | 44 | 50 | |
PAT PATCr | 37 | 33 | 47 | 110 | 99 | 143 | 98 | 115 |
Growth PAT Growth% | -8.3 | 40.0 | 135.6 | -10.0 | 43.9 | -31.6 | -13.6 | |
NPM NPM% | 4.1 | 3.7 | 4.3 | 7.5 | 6.5 | 8.1 | 5.4 | 6.2 |
| 40.1 | 36.8 | 51.5 | 121.4 | 111.4 | 157.2 | 107.5 | 126.9 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 890 | 904 | 1,086 | 1,475 | 1,541 | 1,770 | 1,810 | 1,879 |
Growth Revenue Growth% | 1.6 | 20.1 | 35.8 | 4.5 | 14.8 | 2.3 | 5.0 | |
| 764 | 770 | 931 | 1,239 | 1,290 | 1,477 | 1,518 | 1,573 | |
| 126 | 133 | 155 | 236 | 252 | 293 | 292 | 306 | |
OPM OPM% | 14.2 | 14.8 | 14.3 | 16.0 | 16.3 | 16.6 | 16.1 | 16.3 |
| 2 | 3 | 3 | 27 | 11 | 14 | 12 | 11 | |
Interest Expense Interest ExpenseCr | 37 | 37 | 34 | 47 | 56 | 58 | 79 | 65 |
Depreciation DepreciationCr | 48 | 52 | 56 | 64 | 72 | 75 | 83 | 87 |
PBT PBTCr | 42 | 47 | 68 | 152 | 135 | 174 | 141 | 165 |
| 6 | 14 | 21 | 41 | 35 | 31 | 44 | 50 | |
PAT PATCr | 37 | 33 | 47 | 110 | 99 | 143 | 98 | 115 |
Growth PAT Growth% | -8.3 | 40.0 | 135.6 | -10.0 | 43.9 | -31.6 | -13.6 | |
NPM NPM% | 4.1 | 3.7 | 4.3 | 7.5 | 6.5 | 8.1 | 5.4 | 6.2 |
| 40.1 | 36.8 | 51.5 | 121.4 | 111.4 | 157.2 | 107.5 | 126.9 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 0 | 9 | 9 | 9 | 9 | 9 |
Reserves ReservesCr | 291 | 331 | 433 | 514 | 635 | 710 |
| 350 | 455 | 512 | 507 | 604 | 630 | |
| 188 | 275 | 262 | 296 | 364 | 367 | |
| 838 | 1,072 | 1,218 | 1,326 | 1,612 | 1,716 | |
| 361 | 460 | 572 | 608 | 743 | 793 | |
| 477 | 612 | 646 | 718 | 869 | 923 | |
| 838 | 1,072 | 1,218 | 1,326 | 1,612 | 1,716 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 0 | 9 | 9 | 9 | 9 | 9 |
Reserves ReservesCr | 291 | 331 | 433 | 514 | 635 | 710 |
| 350 | 455 | 512 | 507 | 604 | 630 | |
| 188 | 275 | 262 | 296 | 364 | 367 | |
| 838 | 1,072 | 1,218 | 1,326 | 1,612 | 1,716 | |
| 361 | 460 | 572 | 608 | 743 | 793 | |
| 477 | 612 | 646 | 718 | 869 | 923 | |
| 838 | 1,072 | 1,218 | 1,326 | 1,612 | 1,716 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 111 | 97 | 109 | 234 | 133 | 271 | |
| -41 | -195 | -90 | -157 | -150 | -141 | |
| -67 | 101 | -22 | -76 | 18 | -127 | |
Net Cash Flow Net Cash FlowCr | 3 | 3 | -2 | 1 | 1 | 3 |
Free Cash Flow Free Cash FlowCr | 56 | -88 | 19 | 91 | -23 | 127 |
CFO To PAT CFO To PAT% | 331.6 | 206.9 | 99.0 | 235.4 | 92.9 | 277.4 |
CFO To EBITDA CFO To EBITDA% | 83.2 | 62.6 | 46.3 | 93.0 | 45.3 | 92.8 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 111 | 97 | 109 | 234 | 133 | 271 | |
| -41 | -195 | -90 | -157 | -150 | -141 | |
| -67 | 101 | -22 | -76 | 18 | -127 | |
Net Cash Flow Net Cash FlowCr | 3 | 3 | -2 | 1 | 1 | 3 |
Free Cash Flow Free Cash FlowCr | 56 | -88 | 19 | 91 | -23 | 127 |
CFO To PAT CFO To PAT% | 331.6 | 206.9 | 99.0 | 235.4 | 92.9 | 277.4 |
CFO To EBITDA CFO To EBITDA% | 83.2 | 62.6 | 46.3 | 93.0 | 45.3 | 92.8 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 395 | 657 | 1,283 | 2,027 | 4,141 | 2,069 | 3,642 | |
Price To Earnings Price To Earnings | 11.8 | 13.9 | 11.6 | 20.4 | 28.9 | 21.1 | 31.5 | |
Price To Sales Price To Sales | 0.4 | 0.6 | 0.9 | 1.3 | 2.3 | 1.1 | 1.9 | |
Price To Book Price To Book | 1.3 | 1.9 | 2.9 | 3.9 | 6.4 | 2.9 | 5.1 | |
EV To EBITDA EV To EBITDA | 5.3 | 7.2 | 7.5 | 10.0 | 16.3 | 9.2 | 13.6 | |
GPM GPM% | 29.5 | 28.9 | 29.4 | 31.2 | 32.5 | 32.7 | 32.7 | |
OPM OPM% | 14.2 | 14.8 | 14.3 | 16.0 | 16.3 | 16.6 | 16.1 | 16.3 |
NPM NPM% | 4.1 | 3.7 | 4.3 | 7.5 | 6.5 | 8.1 | 5.4 | 6.2 |
ROCE ROCE% | 13.8 | 12.7 | 21.1 | 18.6 | 17.9 | 16.3 | 16.3 | |
ROE ROE% | 11.5 | 13.8 | 25.0 | 19.0 | 22.2 | 13.6 | 13.6 | |
ROA ROA% | 4.0 | 4.4 | 9.1 | 7.5 | 8.9 | 5.7 | 5.7 | |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 395 | 657 | 1,283 | 2,027 | 4,141 | 2,069 | 3,642 | |
Price To Earnings Price To Earnings | 11.8 | 13.9 | 11.6 | 20.4 | 28.9 | 21.1 | 31.5 | |
Price To Sales Price To Sales | 0.4 | 0.6 | 0.9 | 1.3 | 2.3 | 1.1 | 1.9 | |
Price To Book Price To Book | 1.3 | 1.9 | 2.9 | 3.9 | 6.4 | 2.9 | 5.1 | |
EV To EBITDA EV To EBITDA | 5.3 | 7.2 | 7.5 | 10.0 | 16.3 | 9.2 | 13.6 | |
GPM GPM% | 29.5 | 28.9 | 29.4 | 31.2 | 32.5 | 32.7 | 32.7 | |
OPM OPM% | 14.2 | 14.8 | 14.3 | 16.0 | 16.3 | 16.6 | 16.1 | 16.3 |
NPM NPM% | 4.1 | 3.7 | 4.3 | 7.5 | 6.5 | 8.1 | 5.4 | 6.2 |
ROCE ROCE% | 13.8 | 12.7 | 21.1 | 18.6 | 17.9 | 16.3 | 16.3 | |
ROE ROE% | 11.5 | 13.8 | 25.0 | 19.0 | 22.2 | 13.6 | 13.6 | |
ROA ROA% | 4.0 | 4.4 | 9.1 | 7.5 | 8.9 | 5.7 | 5.7 | |
Documents — TCPL Packaging Ltd
Concall Transcript Summaries — TCPL Packaging Ltd