TNPL

FAIRLY_VALUED

Tamil Nadu Newsprint & Papers Limited

Others · NSE

40.2% vs fair value

52W Low

122

+22.6% from low

52W High

191

-21.9% from high

News sentiment
7 bull21 neu6 bear

Valuation Gauge

FAIRLY_VALUED+40.2% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹149

Fair Value

₹249

Fair Value Analysis

₹249

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for Others sector companies | Sector-cheap: P/E at 96th percentile vs sector peers. | CAUTION: ROCE declining (latest 11.7%) — returns on capital are falling; verify this isn't a value trap. | COVID impact: PAT dropped from ₹94Cr (FY2019) to ₹-65Cr (FY2021); recovery incomplete. CAGR uses pre-COVID base.

Medium confidence

Cash Flow Analysis

33% weight

₹641

Balance Sheet Value

33% weight

₹93

Growth Valuation

33% weight

₹13

Price vs Market

TNPL
Nifty 50

Shareholding Pattern

Stock Health Score

C

Mixed Signals

5.4 / 10

Profitability

8/10

ROE of 11.2% is acceptable for Others sector (benchmark: 15%)

Debt & Leverage

9/10

D/E ratio of 0.7x is well within the Others sector norm of 0.8x — strong balance sheet

Valuation vs Peers

1/10

P/E of 115.7x is 2.9x the Others sector median of 40x — expensive

Cash Flow

4/10

FCF margin of 4.3% — thin cash generation, watch capex trends

Earnings Growth

3/10

5yr EPS CAGR of -13.9% — earnings are declining (sector avg growth: 12.0%)

Dividend

9/10

Dividend yield of 2.7% provides strong shareholder returns (benchmark: 1.5%)

Company Health Timeline

10-year financial health at a glance

FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
75
25
63
50
0
38
100
75
38
50
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

20.4%

Free cash flow / market cap

Revenue Growth (YoY)

+10.0%

Year-on-year revenue change

Profit Growth (YoY)

+50.6%

Year-on-year PAT change

Operating Cash Flow

₹596 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹1.3

P/E Ratio

115.7x

P/B Ratio

0.4x

ROE

11.3%

ROCE

6.8%

Debt / Equity

0.7x

Beta

0.05

Div Yield

2.7%

FCF (Cr)

₹199 Cr

Revenue (Cr)

₹4,582 Cr

EPS Growth 5Y

-13.9%

Mkt Cap (Cr)

₹1,028 Cr

52W High

₹190.8

52W Low

₹121.5

Book Value/Share

₹335.1

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2026-03-31₹4.6K Cr₹481 Cr10.0%₹248 Cr₹35.80
2025-03-31₹4.5K Cr₹431 Cr10.0%₹4 Cr₹0.54
2024-03-31₹4.7K Cr₹770 Cr16.0%₹208 Cr₹30.08
2023-03-31₹5.2K Cr₹1.0K Cr19.0%₹388 Cr₹56.04
2022-03-31₹4.0K Cr₹358 Cr9.0%₹14 Cr₹2.07
2021-03-31₹2.8K Cr₹260 Cr9.0%₹-65 Cr₹-9.41
2020-03-31₹3.5K Cr₹608 Cr18.0%₹130 Cr₹18.79
2019-03-31₹4.1K Cr₹649 Cr16.0%₹94 Cr₹13.64
2018-03-31₹3.1K Cr₹405 Cr13.0%₹-42 Cr₹-6.09
2017-03-31₹3.0K Cr₹729 Cr25.0%₹265 Cr₹38.23
2016-03-31₹2.4K Cr₹567 Cr23.0%₹260 Cr₹37.54
2015-03-31₹2.1K Cr₹506 Cr24.0%₹167 Cr₹24.09

Compounded Growth Rates

Sales Growth

3Y-3.6%
5Y+10.9%
10Y+6.7%

Profit Growth

3Y-13.9%
5Y
10Y-0.5%

EPS Growth

3Y-13.9%
5Y
10Y-0.5%

Peer Comparison

Others
StockPriceFair ValueMoS%P/EROESignal

AVRO INDIA LIMITED

₹10.3₹75.8+86.5%38.2UNDERVALUED

Magnum Ventures Limited

₹19.8₹119.4+83.4%-1.6%UNDERVALUED

DCM Shriram Industries Limited

₹41.7₹196.1+78.7%312.6%UNDERVALUED

Star Paper Mills Limited

₹141.5₹657.4+78.5%5.644.2%UNDERVALUED

HB Stockholdings Limited

₹60.5₹281.1+78.5%3.813.1%UNDERVALUED

Balkrishna Paper Mills Limited

₹18.7₹80.6+76.8%3.126.1%UNDERVALUED

Heads UP Ventures Limited

₹7.1₹28.8+75.3%3.9UNDERVALUED

Credo Brands Marketing Limited

₹88.5₹305.8+71.1%10.916.4%UNDERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

Loading filings…

Share this Stock

Download card · Share on WhatsApp

TNPL share card

Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant