Announcement
Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - Board approved appointment of M/s. A. John Moris & Co. as statutory and tax auditors for FY 2026-27.
Source: Bse
Tamil Nadu Newsprint & Papers Limited (TNPL)
Small CapIndustrials stocks · Small cap · NSE
Tamil Nadu Newsprint & Papers Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 06:41 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -3.0% / mo · MACD −
Stock trend: 29
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TNPLD candles · FIT view-2.1%Latest close ₹137.80 on 2026-10-19
Bar
-1.7%
RSI
39
MACD hist
-0.80
52W pos
36%
2026-10-19O ₹140.14H ₹140.14L ₹137.20C ₹137.80Vol 52,193 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TNPLNifty India ManufacturingNifty 500
- TNPL
- -5.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -0.0 pp
Chart stats
19 Oct 2026- From 52W high
- -17.3%
- 52W range position
- 36%
- ATR (14)
- 3.7%
- Volume vs 20D
- 0.27x
- Avg traded value
- ₹2.7 Cr
- 20D price channel
- ₹136.2 - ₹153.9
₹166.7
₹121.5 - ₹166.7
₹5.1
Latest completed session
20-session average
31.1% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · UNDERVALUED69
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad25
Revenue +0.4% · PAT NDF YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+90.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 25/100Rev +0% YoY · margin expansion
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,146.6 Cr | +0.4% | -9.8% |
| EBITDA | ₹114.9 Cr | +13.2% | -18.3% |
| Operating margin | 10.0% | +114 bps | -104 bps |
| PAT | ₹5.7 Cr | NDF | -97.6% |
| PAT margin | 0.5% | +115 bps | -1840 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 3.89
- P/B
- 0.44
- EV/EBITDA
- 3.25
- Market Cap
- 1014.00Cr
Profitability
- ROE
- 11.20%
- ROCE
- 6.41%
- ROA
- 4.20%
- Dividend Y
- 2.73%
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 38.00%
- Revenue 3Y
- -4.00%
- EPS 3Y
- -14.00%
Balance Sheet
- Debt/Equity
- 0.70
- Interest Coverage
- 2.63×
- Altman Z
- 1.81
- Book Value
- 335.00
Cash Flow
- FCF Yield
- 20.61%
- FCF Positive Y
- 9/5
- OCF
- 596.00 Cr
- EPS TTM
- 37.70
Shareholding
- Promoter Hold
- 35.32%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 54%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 4,645+3.4% vs prev
Net Profit
₹ CrLatest: 248+6100.0% vs prev
Return on Equity
%Latest: 359+6096.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.1% over last month) — short-term momentum negative.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 17% off 52W high · 13% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
49
RS percentile
Stage 1 Base / Transition
1M return
-7.1%
3M return
-5.6%
6M return
-5.6%
1Y return
-13.2%
RS 1D
-3
RS 20D
-9
Sector rank
#2
Industry rank
#42
Stage evidence
- Price is within 5.1% of the 30-week proxy.
- The 30-week proxy changed +0.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 94.98+0.00%
RS vs Nifty 50095
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 69 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth18/25
Quality1/20
Balance Sheet7/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
69
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
69/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 20.6%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 90.7%.
Main drags
- Quality is weaker at 1/20; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
- Growth is weaker at 18/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
3.9
PB
0.4
EV/EBITDA
3.3
ROE
11.2%
ROCE
6.4%
FCF Yield
20.6%
Debt/Equity
0.7
MoS
+90.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 3.9, so peak-cycle earnings risk should be checked.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
69
Previous: 69
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+90.7%
Previous: +90.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
69
69
69
69
69
69
69
69
69
69
69
69
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹533.07
+74.1% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹1,481.61
+90.7% MoS
PEG
0.10
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SEJALLTD
Small
Sejal Glass Limited
Paper & Packaging
match 101
61
26.3
31.1%
+34%
UNDERVALUED
PDMJEPAPER
Small
Pudumjee Paper Products Limited
Paper & Packaging
match 101
67
10.0
12.8%
+68%
UNDERVALUED
SESHAPAPER
Small
Seshasayee Paper and Boards Limited
Paper & Packaging
match 95
43
15.0
4.1%
-161%
WATCHLIST
ORIENTPPR
Small
Orient Paper & Industries Limited
Paper & Packaging
match 95
64
2.2
22.1%
+43%
UNDERVALUED
RUCHIRA
Small
Ruchira Papers Limited
Paper & Packaging
match 95
67
9.3
9.2%
+76%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Tamil Nadu Newsprint & Papers Limited operates in Paper, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 44th percentile within Industrials. Main check: financial discipline is weak at 38/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
26 docs text-extracted · 16 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Industrials: 44th pctile, median 68 · Small: 50th pctile, median 66
Evidence depth
Financial-only
26 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
38
weak · capital discipline
Results
41
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 19.4%.
- ▸9 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 6.4%.
- ▸ROCE trend is -2.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Tamil Nadu Newsprint & Papers Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 2 Sep - TNPL submitted FY2025-26 BRSR, part of its 46th Annual Report.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - Newspaper Advertisment for Information to Shareholders for Updation of their details before Dispatch of Notice of 46th Annual General Meeting (AGM)
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.