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Employees: 3,055
Size TCPL Packaging (TCPLPACK.NS) is an India Industrials company (Commercial Printing/Forms) with a market value of $427M, the 911th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,431 on 6 Nov 2026.
Performance Over six months the shares gained 57.8%, against -16.6% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +0.5%); the operating margin is 11.7% (peer median 5.0%).
Valuation It trades at 28.0× forward earnings against a peer median of 13.3× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.8 points above its cost of capital (14.0% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹18.8B | ₹18.0B | ₹17.5B | ₹15.2B | ₹14.6B |
| Revenue growth | — | +2% | +15% | +4% | — |
| Gross profit | ₹5.13B | ₹3.06B | ₹3.16B | ₹2.45B | ₹2.31B |
| EBITDA | ₹3.06B | ₹2.92B | ₹2.88B | ₹2.35B | ₹2.22B |
| Net income | ₹1.15B | ₹978M | ₹1.43B | ₹994M | ₹1.11B |
| Free cash flow | n/a | ₹621M | -₹806M | ₹358M | -₹360M |
| Capital expenditure | n/a | ₹1.54B | ₹1.59B | ₹1.46B | ₹999M |
| Total debt | n/a | ₹6.34B | ₹6.51B | ₹5.04B | ₹5.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TCPLPACK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.9% | -7.9% | 3rd highest of 21 |
| 6-month return | +57.8% | -16.6% | highest of 20 |
| Distance from 52-week high | -6.1% | -38.8% | highest of 21 |
| Revenue growth (TTM) | +5.0% | +0.5% | 8th highest of 20 |
| Operating margin | 11.7% | 5.0% | 5th highest of 20 |
| Forward P/E | 28.0× | 13.3× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 22.0% | 3.7% | 4th most demanding of 15 |
| Growth delivered (Del g) | +15.0% | +3.2% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | +6.9 pp | -1.9 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | +8.8 pp | +1.6 pp | 3rd highest of 20 |
| EV / EBITDA | 13.2× | 7.7× | 4th most expensive of 11 |
| Net debt / EBITDA | 2.0× | 2.2× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TCPL Packaging TCPLPACK.NS | India | $427M | +58% | +5% | 12% | 28.0× | 22.0% | +15.0% |
| KOSAIDO 7868.T | Japan | $434M | -24% | -5% | 18% | 15.2× | -13.5% | +2.8% |
| Shaanxi Jinye Science Technology and Education 000812.SZ | China | $406M | -13% | +1% | -8% | n/a | n/a | n/a |
| Quad/Graphics QUAD | United States | $388M | +2% | -5% | 5% | 5.8× | -7.0% | -3.8% |
| Tianjin Binhai Energy & Development 000695.SZ | China | $386M | -28% | +57% | -8% | n/a | n/a | n/a |
| Yongji Printing 603058.SS | China | $492M | -28% | -15% | 8% | n/a | 25.0% | +15.1% |
| Wirtualna Polska WPL.WA | Poland | $364M | -6% | +39% | 11% | 11.4× | -5.0% | +28.5% |
| Avex 7860.T | Japan | $353M | +3% | +7% | 3% | 13.2× | -12.9% | +12.4% |
| Guangdong New Grand Long Packing 002836.SZ | China | $348M | -25% | +6% | 8% | n/a | 19.1% | +15.4% |
| Ennis EBF | United States | $528M | +1% | +2% | 14% | 13.3× | -12.4% | +1.9% |
| Tungkong 002117.SZ | China | $543M | -32% | -12% | 12% | 22.3× | 5.7% | +0.3% |
| Beijing Shengtong Printing 002599.SZ | China | $552M | -17% | -4% | 0% | 40.8× | 28.4% | 0.0% |
| Silkroad Vision Technology 300556.SZ | China | $328M | -9% | +52% | -2% | n/a | n/a | n/a |
| Beijing Hanyi Innovation Technology 301270.SZ | China | $314M | -19% | -7% | 0% | n/a | 46.1% | -0.7% |
| Nissha 7915.T | Japan | $303M | -19% | 0% | 2% | n/a | 6.5% | +1.6% |
| Shenzhen Jinjia 002191.SZ | China | $674M | -16% | +32% | -16% | 33.1× | n/a | n/a |
| Hongbo 002229.SZ | China | $677M | -44% | -59% | -47% | n/a | n/a | n/a |
| Bestsun Energy 600681.SS | China | $696M | -15% | -7% | 10% | n/a | -8.3% | +3.9% |
| Manipal Payment and Identity Solutions MPIMANIPAL.NS | India | $768M | n/a | n/a | n/a | n/a | n/a | n/a |
| Deluxe DLX | United States | $1.22B | 0% | 0% | 13% | 6.6× | 2.1% | +3.6% |
| Cimpress CMPR | United States | $1.39B | -38% | +10% | 6% | 12.4× | 5.4% | +7.7% |