Tamil Nadu Newsprint & Papers Limited (TNPL) was incorporated in 1979 and is based in Chennai, India. TNPL is a joint venture between the Government of Tamil Nadu and the Government of India. The company is India's first bagasse-based paper mill, and also a sustainable producer of packaging board and cement.
Tamil Nadu Newsprint and Papers Limited manufactures and markets paper and paperboards in India and internationally. The company is engaged in the business of manufacture and marketing of paper, paper board, cement, and generation of power. The Company's segments include Paper and Paper Board, and Energy. With two manufacturing facilities, it serves the printing, publishing, and packaging sectors across India and exports to over 50 countries globally.
The company operates through Paper & Paper Board and Energy segments. The company offers printing and writing paper, as well as packaging board; and generates power through turbo generators and windmills. The Energy segment includes generation of power through turbo generators (TGs) and windmills for captive consumption and for export of power.
TNPL's operations include the production of newsprint, printing and writing paper, and other paper-based products. Its main products include newsprint, printing and writing paper, and speciality paper. TNPL also manufactures a wide range of paper-based products such as paper boards, paper cones, paper tubes, and paper bags.
The company's product portfolio includes several well-known brands. Its paper products include TNPL Ace Marvel, TNPL Radiant Stationery, TNPL Radiant Platinum, TNPL Printer's Choice, TNPL Print Fine, TNPL Copier Platinum, TNPL Hitech Maplitho, TNPL Elegant Print, TNPL Eco Maplitho and TNPL Copy Crown. Its packaging board includes Aura Grafik (AUG), Aura Fold Eco (AFE), Aura Flute (AFT), Aura Fold Eco Blu (AEB), Aura Flute Supreme (AFS) and Auro Celebration (AUC). Its cement products include TNPL Power Bond and TNPL Power Pack.
The installed capacity of Paper is 400,000 tons per annum (TPA), Paper Board is 200,000 Tons per annum (TPA), and Cement is 900 tons per day (TPD). Power Generation Capacity is 169.12 MW, consisting of 133.62 MW from turbo generators and windmills. The company has been investing significantly in modernizing its manufacturing capabilities.
In continuation to the trial production commenced at the modern Pulp mill along with Chemical Recovery Island at Unit-II, the pulp production was further optimized and ramped up to the rated capacity. The balance of plants like Chips Processing system, Chemical preparation systems including Chlorine Dioxide plant, augmentation of existing Water treatment and Effluent treatment plants were also commissioned and optimized with the pulp mill production rate in 2023.
The projects implemented under Mill Expansion Plan (MEP) of TNPL Unit II - Phase One feature the latest technology in all areas with an emphasis on least environmental impact and high energy efficiency. The latest generation Integrated Chlorine Dioxide plant with nil effluent is in operation.
- Q1 FY2025 Performance: Revenue of ₹1,323.03 Crore, Net Profit of ₹22.12 Crore
- Year-on-Year Profit Change: Net profit fell by -32.95% compared to the same period last year.
- Quarter-on-Quarter Profit Growth: Net profits jumped by 151.57% from the previous quarter.
- Sales Growth (5 Years): The company has delivered a poor sales growth of 5.29% over the past five years.
- Return on Equity (3 Years): Low ROE of 10.3% over the last 3 years.
- Annual Revenue Growth: An annual revenue de-growth of -4% needs improvement.
- Pre-tax Margin: 0% needs improvement.
- Market Capitalisation: ₹1,108.27 Cr (as of Jul 11, 2025)
- PE Ratio: 321.94 (as of Jul 11, 2025)
- PB Ratio: 1.73 (as of Jul 11, 2025)
- 52-Week High: ₹265.95
- 52-Week Low: ₹115.50
- 6-Month Share Price Change: Decreased by 5.35%
- 1-Year Share Price Change: Decreased by 37.32%
- Executive Director (Marketing) Resignation: Santosh Wakhloo resigned effective 27 June 2025 for personal reasons.
- CFO Retirement: Tmt Sathya Ananth retired on 30 June 2025 upon superannuation.
- CFO Appointment: R. Rengarajan appointed as CFO and KMP effective 1 July 2025.
- CMD of the Year Award 2025: Presented by M/s World HRD Congress & Employer Branding Awards.
- Golden Peacock Sustainability Award 2024: A validation of TNPL's efforts in fostering sustainable excellence.
- Debt to Equity Ratio: Reasonable at 32%, signalling a healthy balance sheet.
- Contingent Liabilities: ₹602 Cr.
- Promoter Holding: 35.3%.
- Dividend (March 2024 Quarter): Declared a dividend of ₹1, translating to a dividend yield of 2.50%.
The company's focus on sustainable manufacturing and modernization of its facilities positions it well for future growth. However, investors should note the recent challenges in profitability and the need for improved operational efficiency. TNPL's diversified product portfolio and strong market presence in the paper industry provide stability, while its energy generation capabilities offer additional revenue streams.
