TN Newsprints

₹273.2 1.6 | 0.6%

WEBSITE BSE:531426 NSE : TAMIL.NEWSPR 10 May, 16:01

Market Cap ₹1891 Cr.

Stock P/E 6.8

P/B 0.9

Current Price ₹273.2

Book Value ₹ 301.2

Face Value 10

52W High ₹331

Dividend Yield 1.83%

52W Low ₹ 202

Edit Ratio

TN Newsprints Research see more...

Overview Inc. Year: 1979Industry: Paper & Paper Products

Tamil Nadu Newsprint and Papers Ltd is engaged in the commercial enterprise of producing and advertising of paper, paper board, cement and power generation. Its segments include Paper & Paper Board, Energy, and Cement. It produces a portfolio of quality surface-sized and non-floor sized papers for printing and writing, in addition to coated and uncoated boards for the packing enterprise. The Company offers its paper and paper board products below diverse manufacturers, such as TNPL Elegant Printing, TNPL Radiant Stationery, TNPL Radiant Platinum, TNPL Eco Maplitho, Aura Fold Premium, Aura Fold Eco, Aura Celebration, and Aura Flute. The Company manufactures about 900 tons/day (TPD) of cement in its cement plant by means of inorganic stable wastes, which include lime sludge and fly ash. It generates power thru turbo generators and windmills for captive consumption and for export of power. The Company has wind farm of 35.5 MW potential at Devarkulam and Perungudi, Tirunelveli District.

TN Newsprints Share Price

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Peer Comparison

TN Newsprints Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	930	1085	1374	1128	1376	1249	1427	1263	958	1241
Other Income	12	8	15	9	10	15	13	11	20	19
Total Income	942	1092	1388	1136	1386	1263	1440	1273	978	1259
Total Expenditure	837	994	1262	960	1103	962	1152	949	801	1104
Operating Profit	105	98	126	176	283	301	288	325	177	156
Interest	40	39	36	27	44	56	56	55	58	57
Depreciation	58	58	56	57	67	71	69	70	71	75
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	2	34	93	173	174	163	200	48	23
Provision for Tax	3	1	11	33	61	61	60	72	18	7
Profit After Tax	5	1	22	60	112	113	103	129	30	16
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	1	22	60	112	113	103	129	30	16
Adjusted Earnings Per Share	0.7	0.1	3.2	8.7	16.1	16.3	14.9	18.6	4.4	2.3

TN Newsprints Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1861	2285	2136	2418	2958	3098	4083	3471	2768	4020	5180	4889
Other Income	20	17	17	22	38	38	39	38	51	49	93	63
Total Income	1881	2302	2152	2440	2996	3136	4122	3509	2819	4069	5273	4950
Total Expenditure	1459	1779	1630	1851	2230	2698	3434	2863	2508	3662	4225	4006
Operating Profit	422	523	522	589	766	438	688	646	311	407	1048	946
Interest	121	128	155	122	252	245	233	223	193	156	182	226
Depreciation	175	192	137	144	208	222	227	231	235	229	264	285
Exceptional Income / Expenses	0	0	0	0	0	0	-73	-1	19	0	0	0
Profit Before Tax	126	203	230	324	306	-28	155	191	-99	22	603	434
Provision for Tax	35	41	63	64	42	14	61	61	-34	8	215	157
Profit After Tax	91	161	167	260	265	-42	94	130	-65	14	388	278
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	91	161	167	260	265	-42	94	130	-65	14	388	278
Adjusted Earnings Per Share	13.2	23.3	24.1	37.5	38.2	-6.1	13.6	18.8	-9.4	2.1	56	40.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	14%	11%	11%
Operating Profit CAGR	157%	18%	19%	10%
PAT CAGR	2671%	44%	0%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	24%	8%	8%
ROE Average	22%	6%	6%	9%
ROCE Average	21%	9%	10%	10%

TN Newsprints Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1035	1146	1202	1510	1705	1603	1652	1713	1597	1589	1944
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	657	637	1369	1939	1652	1450	1247	1211	1947	1604	1065
Other Non-Current Liabilities	374	408	461	334	311	332	337	397	374	391	512
Total Current Liabilities	1414	1522	1666	1636	1967	2139	2296	2255	2065	2190	2602
Total Liabilities	3481	3713	4697	5419	5634	5525	5531	5577	5983	5774	6123
Fixed Assets	2084	2433	2410	2439	4102	4073	3891	3737	3517	3298	4458
Other Non-Current Assets	570	365	1054	1914	172	116	78	233	1079	1444	101
Total Current Assets	827	914	1233	1065	1360	1336	1563	1607	1387	1032	1564
Total Assets	3481	3713	4697	5419	5634	5525	5531	5577	5983	5774	6123

TN Newsprints Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	19	24	11	20	-100	-159	-15	-92	-93	-19	-21
Cash Flow from Operating Activities	632	524	404	620	284	833	819	241	423	1111	809
Cash Flow from Investing Activities	-195	-284	-741	-894	-90	-115	-47	-207	-682	-353	-104
Cash Flow from Financing Activities	-432	-252	345	270	-253	-574	-849	-36	333	-760	-652
Net Cash Inflow / Outflow	5	-12	8	-4	-59	144	-77	-1	74	-2	53
Closing Cash & Cash Equivalent	24	11	20	15	-159	-15	-92	-93	-19	-21	32

TN Newsprints Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	13.22	23.29	24.09	37.54	38.23	-6.09	13.64	18.79	-9.41	2.07	56.04
CEPS(Rs)	38.5	51.08	43.93	58.31	68.23	25.96	46.39	52.2	24.59	35.11	94.13
DPS(Rs)	5	6	6	7.5	7.5	5	7.5	6	3	4	5
Book NAV/Share(Rs)	149.59	165.55	173.6	218.09	246.28	231.61	238.62	247.47	230.69	229.59	280.87
Core EBITDA Margin(%)	19.05	19.89	20.91	20.11	21.72	11.9	14.78	15.8	8.18	8.23	17.93
EBIT Margin(%)	11.7	12.99	15.92	15.8	16.66	6.44	8.85	10.74	2.97	4.1	14.74
Pre Tax Margin(%)	5.97	7.96	9.52	11.48	9.14	-0.83	3.53	4.95	-3.1	0.51	11.32
PAT Margin (%)	4.33	6.33	6.89	9.22	7.9	-1.25	2.15	3.38	-2.05	0.33	7.29
Cash Profit Margin (%)	12.62	13.88	12.57	14.32	14.09	5.34	7.31	9.39	5.35	5.58	12.24
ROA(%)	2.6	4.48	3.96	5.14	4.79	-0.76	1.71	2.34	-1.13	0.24	6.52
ROE(%)	9.12	14.78	14.21	19.17	16.46	-2.55	5.8	7.73	-3.93	0.9	21.96
ROCE(%)	9.43	12.83	13.08	11.94	12.8	5.06	10.17	11.02	2.31	4.4	20.6
Receivable days	55.4	46.85	66.26	63.91	55.53	61.68	43.42	45.97	51.9	26.6	20.14
Inventory Days	51.98	39.41	54.24	53.13	52.21	57.23	55.88	80.96	87.39	46.94	48.08
Payable days	288.21	270.97	360.76	257.13	249.62	149.29	135.35	183.35	199.79	117.36	138.34
PER(x)	7.23	5.51	5.13	5.83	8.24	0	15.1	4.73	0	81.18	3.89
Price/Book(x)	0.64	0.77	0.71	1	1.28	1.49	0.86	0.36	0.63	0.73	0.78
Dividend Yield(%)	5.23	4.68	4.85	3.43	2.38	1.45	3.64	6.75	2.05	2.38	2.29
EV/Net Sales(x)	1.15	1.03	1.36	1.73	1.68	1.54	0.82	0.8	1.34	0.84	0.63
EV/Core EBITDA(x)	5.06	4.49	5.55	7.1	6.5	10.91	4.84	4.32	11.92	8.28	3.11
Net Sales Growth(%)	22.22	22.78	-6.54	13.2	22.34	4.76	31.77	-14.98	-20.25	45.23	28.84
EBIT Growth(%)	-7.25	33.92	16.37	15.68	25.33	-61.19	79.35	6.32	-77.09	88.57	339.58
PAT Growth(%)	-16.03	76.19	3.44	55.83	1.83	-115.93	323.91	37.77	-150.07	122.01	2606.34
EPS Growth(%)	-16.03	76.19	3.44	55.83	1.83	-115.93	323.9	37.77	-150.07	122.01	2606.3
Debt/Equity(x)	1.45	1.29	1.72	1.78	1.66	1.51	1.19	1.27	1.7	1.4	0.96
Current Ratio(x)	0.59	0.6	0.74	0.65	0.69	0.62	0.68	0.71	0.67	0.47	0.6
Quick Ratio(x)	0.4	0.41	0.48	0.41	0.4	0.4	0.31	0.34	0.34	0.27	0.23
Interest Cover(x)	2.04	2.58	2.49	3.66	2.22	0.89	1.67	1.86	0.49	1.14	4.32
Total Debt/Mcap(x)	2.27	1.66	2.41	1.78	1.3	1.02	1.37	3.54	2.68	1.91	1.23

TN Newsprints Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	35.32	35.32	35.32	35.32	35.32	35.32	35.32	35.32	35.32	35.32
FII	0.99	1.45	1.78	3.25	3.58	4.05	3.76	4.63	4.89	4.67
DII	25.19	24.14	24.92	22.04	21.12	19.31	16.71	14.91	16.72	19.53
Public	38.5	39.08	37.98	39.39	39.97	41.32	44.22	45.14	43.06	40.48
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44	2.44
FII	0.07	0.1	0.12	0.23	0.25	0.28	0.26	0.32	0.34	0.32
DII	1.74	1.67	1.73	1.53	1.46	1.34	1.16	1.03	1.16	1.35
Public	2.66	2.71	2.63	2.73	2.77	2.86	3.06	3.12	2.98	2.8
Others	0	0	0	0	0	0	0	0	0	0
Total	6.92	6.92	6.92	6.92	6.92	6.92	6.92	6.92	6.92	6.92

Pros

Stock is trading at 0.9 times its book value
Company has reduced debt.

Cons

Promoter holding is low: 35.32%.
Company has a low return on equity of 6% over the last 3 years.
Debtor days have increased from 117.36 to 138.34days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

TN Newsprints News

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TN Newsprints

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TN Newsprints Research see more...

Overview Inc. Year: 1979Industry: Paper & Paper Products

TN Newsprints Share Price

Alert Data

Quarterly Price

Peer Comparison

TN Newsprints Quarterly Results

TN Newsprints Profit & Loss

Growth Rates

TN Newsprints Balance Sheet

TN Newsprints Cash Flow

TN Newsprints Ratios

TN Newsprints Shareholding Pattern

TN Newsprints News

IPO

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