TCPL Packaging share price: Small-cap packaging stock — TCPL Packaging, held by renowned investor couple Anil Kumar Goel and Seema Goel has surged over 117 per cent in 2022 on the back of heavy volumes, making it a multibagger scrip.
TCPL Packaging, one of India’s largest manufacturers of folding cartons, and largest standalone converter of paperboard, shares had touched a record high of Rs 1,191.55 per share on the BSE intraday on Thursday. The stock on Friday closed over 4 per cent higher to Rs 1138.2 per share.
The stock of this smallcap packaging company had breached its previous high of Rs 1,107.20 that it had touched on July 25, 2022.
During the April-June quarter of this fiscal, the company’s standalone revenues grew 48.4 per cent to Rs 335.5 crore and cash profits improved 105.6 per cent to Rs 46.9 crore. While EBITDA margins improved 253 bps to 16.0 per cent from 13.4 per cent in year-on-year (YoY).
The company’s management said that TCPL is well positioned to cater to the growing demand for sustainable packaging solutions from leading brands and continues to support efforts toward facilitating a waste-free world.
Renowned investor couple Anil Kumar Goel and Seems Goel combined held 9,55,000 equity shares or 10.5 per cent stakes in TPCL Packaging, as per the June shareholding pattern of the company available on the exchanges.
According to the stock analysis website Trendlyne.com, Anil Kumar Goel and Associates publicly hold 35 stocks with a net worth of over Rs 1,489.0 crore as of August 15, 2022. The investor is known for picking up quality and mutlibagger stocks mainly from the small-cap segment.
TCPL is mainly engaged in the business of manufacturing printed blanks & outers, folding cartons, litho lamination, plastic cartons, blister packaging, shelf-ready packaging, flexible packaging materials etc.
The company ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels. TCPL has also set up TCPL Innofilms Private Limited, a wholly-owned subsidiary to manufacture blown polyethylene (PE) films.