Third rotogravure press will be in commercial production by Jan-2024. With the new capacity kicking in from the fourth quarter of 2023-24, TCPL flexible packaging division expects to record solid topline growth in 2024-25.
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TCPL reported another good quarterly result, EPS showing good growth. Fundamentals are excellent for the company.
My main concern is that TCPL is not producing any innovative product at the end of the day; it is delivering broadly cardboard boxes, and its demands are totally dependent on other companies’ demands.
Throw some light…
PS—already invested
Can you share the results please
This is the last quarter’s report, but yes the results were good.
This is actually my thesis. As GDP per capita grows and the economy moves from unpackaged to packaged goods, TCPL should benefit. I was finding it difficult to gain confidence in a specific consumer goods company, but TCPL is more like a proxy play for the growth of consumer goods. If there is growth in the sector as a whole, TCPL should do well.
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The Q4 FY25 results are decent but not great, as were some past quarters, which reflected in the stock market price, but is it a worrisome sign? Through some light.