Tamil Nadu Newsprint & Papers Ltd.

•

tnpl.comBSE: 531426NSE: TNPL

Market Cap₹ 1,074 Cr.

Current Price

High / Low₹ 176 / 122

Stock P/E4.1

Book Value₹ 335

Price to Book0.42

Dividend Yield2.58 %

ROCE5.9 %

ROE0.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Paper: 99.7% • Energy: 0.3%

PROS

Latest quarter profit grew 177.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.99x)
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Offers a healthy dividend yield of 2.6%

CONS

A large part of profit comes from other income (1953.8% of PBT)
Interest coverage is weak at 1.0x - earnings barely cover interest
Company has delivered a poor profit growth of -50.9% over past five years
Company has delivered a poor sales growth of 5.3% over past five years
Dividend payout exceeds earnings (557.4%) - may be unsustainable
Company's return on assets is weak at 0.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Forest MaterialsPaperPaper & Paper Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JKPAPER	408.10	22.82	7399.62	0.98	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	667.30	19.19	4407.44	0.45	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	244.30	15.56	1540.75	0.82	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	68.16	49.06	1355.36	0.73	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	TNPL	155.25	4.12	1074.49	2.58	5.74	177.46	1146.64	1.53	5.85	10.02
6.	NRAIL	612.55	16.78	1042.50	0.33	34.98	111.33	646.96	43.09	8.25	11.48
7.	PDMJEPAPER	96.76	10.09	918.74	0.62	33.72	-6.95	202.92	3.29	20.10	17.53
8.	SATIA	66.27	0.00	662.70	0.30	-17.12	-154.18	361.81	-2.45	3.99	14.04
9.	KUANTUM	75.30	18.19	657.10	3.32	6.23	-48.34	303.75	36.87	5.24	13.20
10.	RAMANEWS	32.70	0.00	482.40	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
11.	BBTCL	226.50	13.96	464.58	0.00	14.39	727.77	180.47	18.53	3.03	18.69
12.	ORIENTPPR	17.87	2.41	379.18	0.00	-8.25	-124.27	227.61	-4.50	-4.28	3.52

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,250	945	1,229	1,219	1,105	902	1,112	1,323	1,129	1,091	1,104	1,258	1,147
	949	801	1,104	1,069	969	790	1,071	1,234	1,041	987	1,005	1,131	1,153
Operating Profit	302	144	125	150	137	113	41	89	89	104	98	127	-6
OPM %	24.12%	15.22%	10.18%	12.29%	12.35%	12.50%	3.67%	6.75%	7.86%	9.51%	8.92%	10.06%	-0.53%
	11	20	19	21	13	14	13	57	12	18	25	20	14
Interest	55	58	57	53	53	57	54	52	48	50	50	45	43
Depreciation	70	71	75	75	74	76	76	77	77	78	79	78	78
Profit before Tax	200	48	23	53	34	5	-65	31	-12	13	12	38	8
Tax %	35.75%	36.64%	30.47%	38.21%	35.67%	48.71%	33.65%	28.25%	37.31%	37.35%	42.58%	-537.40%	25.26%
Net Profit	129	30	16	33	22	3	-43	22	-7	8	7	240	6
	18.59	4.38	2.34	4.77	3.17	0.37	-6.20	3.20	-1.07	1.17	0.98	34.72	0.83

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,418	2,958	3,098	4,083	3,471	2,768	4,020	5,180	4,690	4,491	4,599
	1,851	2,230	2,698	3,434	2,863	2,508	3,662	4,225	3,959	4,069	4,276
Operating Profit	567	728	400	649	608	260	358	955	730	422	323
OPM %	23.45%	24.60%	12.92%	15.90%	17.52%	9.41%	8.91%	18.43%	15.57%	9.39%	7.02%
	22	38	38	-34	36	70	49	93	109	103	77
Interest	122	252	245	233	223	193	156	182	223	216	188
Depreciation	144	208	222	227	231	235	229	264	291	304	314
Profit before Tax	324	306	-28	155	191	-99	22	603	325	5	70
Tax %	19.71%	13.60%	-50.62%	39.18%	31.75%	34.03%	34.95%	35.65%	35.90%	29.68%	-272.20%
Net Profit	260	265	-42	94	130	-65	14	388	208	4	261
EPS	37.54	38.23	-6.09	13.64	18.79	-9.41	2.07	56.04	30.08	0.54	—
Dividend Payout %	19.98%	19.62%	-82.09%	55.00%	31.94%	-31.89%	193.17%	8.92%	13.30%	557.41%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 5%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: -32%
5 Years:: -51%
3 Years:: -36%

STOCK PRICE CAGR

10 Years:: -7%
5 Years:: 3%
3 Years:: -17%
1 Year:: -7%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 6%
3 Years:: 11%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	69	69	69	69	69	69	69	69	69	69
	1,440	1,635	1,534	1,582	1,644	1,527	1,520	1,875	2,020	2,018
	2,529	2,824	2,426	1,959	1,801	2,300	2,233	1,865	1,441	1,247
Trade Payables	586	541	769	1,208	992	834	1,116	1,282	1,057	1,239
	795	565	727	713	1,071	1,253	837	1,033	1,458	1,310
Total Liabilities	5,419	5,634	5,525	5,531	5,577	5,983	5,774	6,123	6,045	5,883
	2,439	4,102	4,073	3,891	3,737	3,517	3,298	4,458	4,303	4,104
Capital Work in Progress	1,815	59	18	14	62	939	1,357	20	16	55
	1	1	1	1	0	1	1	1	1	1
	387	571	484	861	846	678	443	960	1,028	1,025
	0	0	0	0	0	0	0	0	450	400
Cash & Bank	16	21	27	51	6	12	14	116	48	26
	761	880	921	713	926	836	662	568	200	272
Total Assets	5,419	5,634	5,525	5,531	5,577	5,983	5,774	6,123	6,045	5,883

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	676	359	846	858	291	424	1,112	894	419	570
Cash from Investing	-894	-90	-115	-47	-207	-682	-353	-101	-136	-162
Cash from Financing	270	-253	-574	-849	-36	333	-760	-652	-270	-493
	-4	-59	144	-77	-1	74	-2	53	14	-86

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
35.32	35.32	35.32	35.32	35.32	35.32	35.32	35.32	35.32
4.80	4.28	4.93	5.37	5.39	5.05	5.08	4.96	5.01
15.51	14.22	12.94	12.38	12.02	11.36	11.25	10.54	9.53
4.06	4.06	4.06	4.06	4.06	4.06	4.06	4.06	4.06
40.31	42.12	42.74	42.88	43.21	44.21	44.28	45.13	46.08

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Updates

2026-09-02 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding '46th Annual General Meeting of the Company to be held on 24th September, 2026'.

2026-09-02

Shareholders meeting

2026-09-02 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about Copy of Newspaper Publication for Unaudited Financial Results for the quarter ended 30th June, 2026

2026-08-12

General Updates

2026-08-12 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about General Updates about Outcome of Board Meeting held on 12th August, 2026

2026-08-12

Change in Management

2026-08-12 - Tamil Nadu Newsprint & Papers Limited has informed the Exchange about change in Management

2026-08-12

Outcome of Board Meeting

2026-08-12 - Tamil Nadu Newsprint & Papers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for TNPL

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Tamil Nadu Newsprint & Papers Ltd.

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Name

JKPAPER

408.10

22.82

7399.62

0.98

136.27

59.49

1887.17

12.72

7.80

15.39

WSTCSTPAPR

667.30

19.19

4407.44

0.45

141.84

135.37

1051.26

10.12

7.11

19.34

SESHAPAPER

244.30

15.56

1540.75

0.82

31.91

106.80

492.08

27.68

5.60

8.85

ANDHRAPAP

68.16

49.06

1355.36

0.73

303.16

1322.95

3937.71

900.89

1.99

12.39

TNPL

155.25

4.12

1074.49

2.58

5.74

177.46

1146.64

1.53

5.85

10.02

NRAIL

612.55

16.78

1042.50

0.33

34.98

111.33

646.96

43.09

8.25

11.48

PDMJEPAPER

96.76

10.09

918.74

0.62

33.72

-6.95

202.92

3.29

20.10

17.53

SATIA

66.27

0.00

662.70

0.30

-17.12

-154.18

361.81

-2.45

3.99

14.04

KUANTUM

75.30

18.19

657.10

3.32

6.23

-48.34

303.75

36.87

5.24

13.20

RAMANEWS

32.70

0.00

482.40

0.00

-10.50

-29.46

9.72

6.02

1.87

-7.68

BBTCL

226.50

13.96

464.58

0.00

14.39

727.77

180.47

18.53

3.03

18.69

ORIENTPPR

17.87

2.41

379.18

0.00

-8.25

-124.27

227.61

-4.50

-4.28

3.52

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,250

945

1,229

1,219

1,105

902

1,112

1,323

1,129

1,091

1,104

1,258

1,147

949

801

1,104

1,069

969

790

1,071

1,234

1,041

987

1,005

1,131

1,153

Operating Profit

302

144

125

150

137

113

104

127

-6

OPM %

24.12%

15.22%

10.18%

12.29%

12.35%

12.50%

3.67%

6.75%

7.86%

9.51%

8.92%

10.06%

-0.53%

Interest

Depreciation

Profit before Tax

200

-65

-12

Tax %

35.75%

36.64%

30.47%

38.21%

35.67%

48.71%

33.65%

28.25%

37.31%

37.35%

42.58%

-537.40%

25.26%

Net Profit

129

-43

-7

240

18.59

4.38

2.34

4.77

3.17

0.37

-6.20

3.20

-1.07

1.17

0.98

34.72

0.83

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

2,418

2,958

3,098

4,083

3,471

2,768

4,020

5,180

4,690

4,491

4,599

1,851

2,230

2,698

3,434

2,863

2,508

3,662

4,225

3,959

4,069

4,276

Operating Profit

567

728

400

649

608

260

358

955

730

422

323

OPM %

23.45%

24.60%

12.92%

15.90%

17.52%

9.41%

8.91%

18.43%

15.57%

9.39%

7.02%

-34

109

103

Interest

122

252

245

233

223

193

156

182

223

216

188

Depreciation

144

208

222

227

231

235

229

264

291

304

314

Profit before Tax

324

306

-28

155

191

-99

603

325

Tax %

19.71%

13.60%

-50.62%

39.18%

31.75%

34.03%

34.95%

35.65%

35.90%

29.68%

-272.20%

Net Profit

260

265

-42

130

-65

388

208

261

EPS

37.54

38.23

-6.09

13.64

18.79

-9.41

2.07

56.04

30.08

0.54

—

Dividend Payout %

19.98%

19.62%

-82.09%

55.00%

31.94%

-31.89%

193.17%

8.92%

13.30%

557.41%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

1,440

1,635

1,534

1,582

1,644

1,527

1,520

1,875

2,020

2,018

2,529

2,824

2,426

1,959

1,801

2,300

2,233

1,865

1,441

1,247

Trade Payables

586

541

769

1,208

992

834

1,116

1,282

1,057

1,239

795

565

727

713

1,071

1,253

837

1,033

1,458

1,310

Total Liabilities

5,419

5,634

5,525

5,531

5,577

5,983

5,774

6,123

6,045

5,883

2,439

4,102

4,073

3,891

3,737

3,517

3,298

4,458

4,303

4,104

Capital Work in Progress

1,815

939

1,357

387

571

484

861

846

678

443

960

1,028

1,025

450

400

Cash & Bank

116

761

880

921

713

926

836

662

568

200

272

Total Assets

5,419

5,634

5,525

5,531

5,577

5,983

5,774

6,123

6,045

5,883

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

676

359

846

858

291

424

1,112

894

419

570

Cash from Investing

-894

-90

-115

-47

-207

-682

-353

-101

-136

-162

Cash from Financing

270

-253

-574

-849

-36

333

-760

-652

-270

-493

-4

-59

144

-77

-1

-2

-86

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

35.32

4.80

4.28

4.93

5.37

5.39

5.05

5.08

4.96

5.01

15.51

14.22

12.94

12.38

12.02

11.36

11.25

10.54

9.53

4.06

40.31

42.12

42.74

42.88

43.21

44.21

44.28

45.13

46.08

Tamil Nadu Newsprint & Papers Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Tamil Nadu Newsprint & Papers Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI