Management Meet Update - TCPL Packaging Ltd - ICICI Direct

We met the management of TCPL Packaging (TCPL) to get an insight into its business and future plans. TCPL is one of the leading players among the paperboard-based packaging solutions providers in India. It also entered the flexible packaging solutions in FY17 to drive revenue growth and leverage its established folding cartons customer base. In December 2021, the company acquired majority stake in rigid box manufacturer 'COPPL' to venture into rigid box manufacturing.

- Revenue, earnings grew at CAGR of 9%, 19%, respectively, in FY18-21

- It sees ~2x revenues in the non-paperboard packaging business (~15% of revenue in FY21) supported by capacity expansion and client additions

For details, click on the link below:

Link to the report

Shares of TCPL Packaging Limited was last trading in BSE at Rs. 693.95 as compared to the previous close of Rs. 701.15. The total number of shares traded during the day was 3266 in over 850 trades.

The stock hit an intraday high of Rs. 717.80 and intraday low of 686.20. The net turnover during the day was Rs. 2301548.00.

Source : Equity Bulls

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TCPLPackaging INE822C01015 ICICIDirect ManagementMeetUpdate