TCPL Packaging Limited
TCPL Packaging Limited manufactures and sells paperboard-based packaging materials and flexible packaging products in India. It offers folding cartons, printed blanks and outers, litho-laminated cartons, blister packs, plastic cartons, and shelf-ready packaging products; food and pharma packaging products; flexible packaging products, such as laminates, shrink sleeves, wrap-around labels, pouches… Read more
TCPL Packaging Limited (TCPLPACK) - Net Assets
Latest net assets as of September 2025: ₹6.69 Billion INR
Based on the latest financial reports, TCPL Packaging Limited (TCPLPACK) has net assets worth ₹6.69 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹17.17 Billion) and total liabilities (₹10.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹6.69 Billion |
| % of Total Assets | 38.98% |
| Annual Growth Rate | 17.65% |
| 5-Year Change | 114.26% |
| 10-Year Change | 344.85% |
| Growth Volatility | 8.93 |
TCPL Packaging Limited - Net Assets Trend (2006–2025)
This chart illustrates how TCPL Packaging Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TCPL Packaging Limited (2006–2025)
The table below shows the annual net assets of TCPL Packaging Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹6.44 Billion | +22.45% |
| 2024-03-31 | ₹5.26 Billion | +18.53% |
| 2023-03-31 | ₹4.44 Billion | +29.56% |
| 2022-03-31 | ₹3.42 Billion | +13.94% |
| 2021-03-31 | ₹3.00 Billion | +11.57% |
| 2020-03-31 | ₹2.69 Billion | +11.87% |
| 2019-03-31 | ₹2.41 Billion | +11.54% |
| 2018-03-31 | ₹2.16 Billion | +21.30% |
| 2017-03-31 | ₹1.78 Billion | +22.95% |
| 2016-03-31 | ₹1.45 Billion | +27.13% |
| 2015-03-31 | ₹1.14 Billion | +29.46% |
| 2014-03-31 | ₹879.26 Million | +12.77% |
| 2013-03-31 | ₹779.67 Million | +16.09% |
| 2012-03-31 | ₹671.58 Million | +12.31% |
| 2011-03-31 | ₹597.97 Million | +12.34% |
| 2010-03-31 | ₹532.28 Million | +9.87% |
| 2009-03-31 | ₹484.44 Million | +3.81% |
| 2008-03-31 | ₹466.66 Million | +41.98% |
| 2007-03-31 | ₹328.68 Million | +11.97% |
| 2006-03-31 | ₹293.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TCPL Packaging Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 505620900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹5.06 Billion | 78.54% |
| Common Stock | ₹91.00 Million | 1.41% |
| Other Comprehensive Income | ₹848.61 Million | 13.18% |
| Other Components | ₹441.80 Million | 6.86% |
| Total Equity | ₹6.44 Billion | 100.00% |
TCPL Packaging Limited Competitors by Market Cap
The table below lists competitors of TCPL Packaging Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AMREP Corporation
NYSE:AXR
|
$80.48 Million |
|
Quantafuel ASA
PINK:QNTFF
|
$80.52 Million |
|
Carindale Property Trust
AU:CDP
|
$80.54 Million |
|
Tatry Mountain Resorts a.s.
PR:TMR
|
$80.55 Million |
|
NEXTEEL Co., Ltd.
KO:092790
|
$80.47 Million |
|
Outbrain Inc
NASDAQ:OB
|
$80.45 Million |
|
ROUTE MOBILE LIMITED
NSE:ROUTE
|
$80.43 Million |
|
Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret AS
IS:TSPOR
|
$80.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCPL Packaging Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,257,234,000 to 6,437,618,000, a change of 1,180,384,000 (22.5%).
- Net income of 1,430,114,000 contributed positively to equity growth.
- Dividend payments of 200,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 837,514,000.
- Other factors decreased equity by 887,044,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.43 Billion | +22.21% |
| Dividends Paid | ₹200.20 Million | -3.11% |
| Other Comprehensive Income | ₹837.51 Million | +13.01% |
| Other Changes | ₹-887.04 Million | -13.78% |
| Total Change | ₹- | 22.45% |
Book Value vs Market Value Analysis
This analysis compares TCPL Packaging Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 44.02x to 3.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹54.74 | ₹2409.60 | x |
| 2007-03-31 | ₹58.46 | ₹2409.60 | x |
| 2008-03-31 | ₹68.74 | ₹2409.60 | x |
| 2009-03-31 | ₹62.36 | ₹2409.60 | x |
| 2010-03-31 | ₹67.49 | ₹2409.60 | x |
| 2011-03-31 | ₹72.74 | ₹2409.60 | x |
| 2012-03-31 | ₹77.82 | ₹2409.60 | x |
| 2013-03-31 | ₹89.62 | ₹2409.60 | x |
| 2014-03-31 | ₹101.06 | ₹2409.60 | x |
| 2015-03-31 | ₹130.84 | ₹2409.60 | x |
| 2016-03-31 | ₹166.34 | ₹2409.60 | x |
| 2017-03-31 | ₹204.51 | ₹2409.60 | x |
| 2018-03-31 | ₹241.09 | ₹2409.60 | x |
| 2019-03-31 | ₹264.53 | ₹2409.60 | x |
| 2020-03-31 | ₹295.93 | ₹2409.60 | x |
| 2021-03-31 | ₹330.17 | ₹2409.60 | x |
| 2022-03-31 | ₹373.55 | ₹2409.60 | x |
| 2023-03-31 | ₹485.45 | ₹2409.60 | x |
| 2024-03-31 | ₹577.72 | ₹2409.60 | x |
| 2025-03-31 | ₹707.36 | ₹2409.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCPL Packaging Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.08%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.50x
- Recent ROE (22.21%) is above the historical average (14.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.24% | 5.39% | 0.85x | 3.11x | ₹12.46 Million |
| 2007 | 9.39% | 3.12% | 0.96x | 3.15x | ₹-2.00 Million |
| 2008 | 6.26% | 2.51% | 0.80x | 3.11x | ₹-17.44 Million |
| 2009 | 7.16% | 2.21% | 1.05x | 3.10x | ₹-13.76 Million |
| 2010 | 8.33% | 2.38% | 1.09x | 3.20x | ₹-8.90 Million |
| 2011 | 10.51% | 2.65% | 1.22x | 3.24x | ₹3.07 Million |
| 2012 | 11.47% | 2.72% | 1.15x | 3.68x | ₹9.89 Million |
| 2013 | 17.32% | 3.62% | 1.27x | 3.76x | ₹57.10 Million |
| 2014 | 14.22% | 3.17% | 1.23x | 3.65x | ₹37.11 Million |
| 2015 | 28.28% | 6.47% | 1.25x | 3.49x | ₹208.03 Million |
| 2016 | 26.45% | 6.46% | 1.22x | 3.35x | ₹238.08 Million |
| 2017 | 18.66% | 5.42% | 1.01x | 3.40x | ₹154.16 Million |
| 2018 | 9.37% | 2.97% | 1.07x | 2.95x | ₹-13.66 Million |
| 2019 | 12.03% | 3.64% | 1.11x | 2.98x | ₹48.81 Million |
| 2020 | 13.56% | 4.20% | 1.09x | 2.97x | ₹95.89 Million |
| 2021 | 11.14% | 3.75% | 1.06x | 2.79x | ₹34.29 Million |
| 2022 | 13.93% | 4.41% | 1.00x | 3.15x | ₹133.54 Million |
| 2023 | 25.14% | 7.61% | 1.20x | 2.76x | ₹668.94 Million |
| 2024 | 19.28% | 6.65% | 1.15x | 2.53x | ₹487.95 Million |
| 2025 | 22.21% | 8.08% | 1.10x | 2.50x | ₹786.35 Million |
Industry Comparison
This section compares TCPL Packaging Limited's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,619,650,525
- Average return on equity (ROE) among peers: -38.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCPL Packaging Limited (TCPLPACK) | ₹6.69 Billion | 14.24% | 1.57x | $80.47 Million |
| AGI Greenpac Limited (AGI) | $6.72 Billion | 11.63% | 1.05x | $111.31 Million |
| AMD Industries Limited (AMDIND) | $1.29 Billion | 4.03% | 0.80x | $1.98 Million |
| Antarctica Limited (ANTGRAPHIC) | $166.90 Million | 0.22% | 0.20x | $1.42 Million |
| Arrow Greentech Limited (ARROWGREEN) | $118.77 Million | 1.94% | 0.90x | $19.06 Million |
| BALAJEE (BALAJEE) | $2.11 Billion | 13.89% | 1.45x | $2.87K |
| Balkrishna Paper Mills Limited (BALKRISHNA) | $88.86 Million | -452.25% | 22.63x | $1.96 Million |
| B&B Triplewall Containers Limited (BBTCL) | $228.58 Million | 19.99% | 3.21x | $5.28 Million |
| Bkm Industries Limited (BKMINDST) | $1.66 Billion | 0.96% | 2.02x | $345.15K |
| Borosil Scientific (BOROSCI) | $3.76 Billion | 6.26% | 0.31x | $28.77 Million |
| COMMERCIAL SYN BAGS ORD (BSE) (COMSYN) | $54.46 Million | 11.67% | 3.66x | $13.04 Million |