Today, TCPL Packaging Ltd. operates out of its four manufacturing units, three at Silvassa, 180 kms from Mumbai in Western India and the fourth at Haridwar, 200 kms from Delhi in Northern India. All the plants are ISO 9001: 2008, ISO 22000 : 2005 certified and are also compliant with BRC/IoP Global Standard-Packaging Issue 3 which is suitable for direct food contact.
TCPL is one of the largest exporters of printed cartons from India. It is regularly catering to consumers in countries such as the UK, Netherlands, UAE etc. Exports constitute above 10% of TCPL's annual revenues.
For the financial year ended 31st March 2010, TCPL's revenues were Rs.195 crores equivalent to approx. US$ 44 million registering a CAGR in excess of 20% over the past five years. TCPL is currently converting approx. 2500 Tons of paperboard every month and based on the planned capacity expansions undertaken in the year 2010, the capacity to convert will be in excess of 3200 tons per month.
TCPL manufactures following range of products :
Printed blanks & outers, Folding cartons, Litho Lamination, Plastic cartons, Blister paper, Shelf ready packaging.
TCPL is the country's second largest carton manufacturer after ITC. While ITC manufactures carton for captive consumption, TCPL biggest clients are Godfrey Philips India, Nestle India, Colgate, Godrej, HLL, Seagram
and Jagatjit Industries. It caters mainly to the packaging needs to the cigarette, FMCG and liquor industry.
Its Basic And Diluted EPS after Extraordinary item for fiscal 2009-2010 (ending march, 2010) is 5.55 giving P/E as almost 9 which is very much competent as far as Packaging as well as paper industry average P/E is concerned. Plus company provides good dividend (15%). CAGR is year to year 20%!
You will be thrilled to see the products they are manufacturing:
One should accumulate for long term.
