TCPL Packaging - Ready To Ride The Consumption Wave: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.TCPL Packaging Ltd. is India’s leading packaging solution provider that specializes in manufacturing paperboard and flexible packaging materials. We met the company’s management to understand its business outlook. Incorporated in 1990, TCPL is promoted by the Kanoria family, known for its varied business interests in jute, tea, textiles, pharmaceuticals and chemicals. Under packaging, the company offers folding cartons, flexible packaging, and specialty packaging options. Headquartered in Mumbai, the company has pan-India presence with eight state-of-art manufacturing facilities, set up across 5 locations. It has marketing offices in key metro cities and international presence in through its office in UAE. .In FY23, the company operated at an installed capacity of 100,000 tonnes per annum. Since inception, the company has maintained its stellar revenue and profit track record, having leveraged its capabilities in sustainable packaging solutions. TCPL is one of the few companies in India to have clocked ~18% revenue compound annual growth rate over last 15 years. Exports constituted 26% of the company’s revenue during 9M FY24. The company is poised for continued growth, buoyed by-strong industry tailwinds,expanded production capabilities,diverse product portfolio, anda growing customer base. The company's strategic focus revolves around-optimising capacity utilisation, enhancing product mix, exploring newer geographies, and bring cost efficiency. We do not have a rating on the stock, which currently trades at 14 times FY25 consensus earnings per share of Rs 155 (Bloomberg). Key risks: intense competition,raw material price volatility, andgrowth slowdown in the end-user industry..Click on the attachment to read the full report:.Happy Forgings - Expanding Opportunities With Diversification; Motilal Oswal Initiates Coverage With A Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCPL Packaging - Ready To Ride The Consumption Wave: Systematix

Company is poised for continued growth, buoyed by- strong industry tailwinds, expanded production capabilities, diverse product portfolio, and a growing customer base.

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