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The Tinplate Company of India Limited

The Tinplate Company of India Limited

TINPLATE.BO
The Tinplate Company of India LimitedIN flagBombay Stock Exchange
430.45
INR
- -
- -
45.05BMarket Cap
The Tinplate Company of India Limited
TINPLATE.BO
(Bombay Stock Exchange)

Recent

price

430.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
0.11
0.2
153.32
110.4
59.91
83.8
101.18
87.05
79.76
77.81
170.29
225.73
185.36
201.41
369.25
341.38
331.11
Revenue per Share
- -
0.01
13.2
4.98
0.52
1.69
5.09
3.88
6.48
2.66
6.99
5.54
9.08
9.38
33.72
13.65
8.92
Basic EPS, GAAP
-0.02
-0.01
-11.23
-13.67
4.44
2.87
15.16
12.52
7
6.26
6.57
5.93
1.14
21.17
35.19
12.81
- -
Free Cash Flow per Basic Share
- -
- -
3.27
2.81
2.11
1.76
1.86
2.38
1.6
2
1.6
2
2
1
2
4
- -
Dividend per Share
0.05
0.06
82.85
38.14
28.26
26.83
19.49
13.73
18.17
18.11
23.31
26.6
31.34
39.5
70.53
79.33
10.02
Book Value per Share
0.05
0.06
82.85
59.95
57.93
57.49
54.86
54.33
59.01
59.1
64.39
67.84
72.61
80.73
111.47
120.34
117.41
Tangible Book Value per Share
36,337
32,287
51
72
105
105
105
105
105
105
105
105
105
105
105
105
105
Basic Weighted Avg Shares
3,988
6,603
7,800
7,945
6,270
8,772
10,591
9,112
8,348
8,144
17,824
23,627
19,401
21,081
38,648
35,732
34,620
Sales/Revenue/Turnover
5.19
13.29
15.72
7.54
6.43
7.95
10.14
8.34
12.53
4.54
6.17
3.7
5.17
6
11.75
4.7
2.64
Operating Margin (%)
226
281
336
363
482
580
612
714
732
658
619
635
612
617
608
645
685
Depreciation Expense
39
348
672
358
166
282
628
446
678
279
732
580
950
981
3,529
1,428
933
Net Income, GAAP
40.73
44.47
33.86
29.99
40.68
43
30.76
34.25
36.18
31.48
36.5
36.8
8.76
25.6
25.1
25.97
26.08
Effective Tax Rate (%)
0.99
5.27
8.61
4.51
2.64
3.22
5.93
4.89
8.13
3.42
4.1
2.45
4.9
4.66
9.13
4
2.69
Profit Margin (%)
-361
246
39
-1,920
-441
-216
-438
-294
732
1,293
1,918
2,196
2,639
3,457
6,675
7,510
6,886
Working Capital
2,117
2,720
2,072
979
913
757
370
3
- -
- -
- -
- -
119
118
103
131
125
LT Debt
1,721
1,873
4,215
4,316
6,066
6,022
5,797
5,754
6,229
6,223
6,767
7,111
7,607
8,461
11,710
12,631
12,308
Total Equity
3.6
11.56
14.91
7.14
3.82
5.58
11.02
8.2
11.03
4.07
10.24
7.24
11.35
10.61
30.39
9.61
5.51
Return on Invested Capital (%)
1.16
8.26
12.34
9.03
6.82
7.13
23.31
25.28
41.91
15.79
34.71
23.93
33.73
27.04
61.02
19.04
88.15
Return on Capital (%)
2.32
19.37
22.06
10.29
1.91
6.14
21.97
23.39
40.63
14.67
33.75
22.2
31.34
26.48
61.29
18.21
89.01
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'23
Jun'24
Sep'24
ST Debt
19
- -
27
LT Borrowings
- -
- -
- -
LT Finance Leases
131
- -
125
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
105
- -
105
Market Capitalization
32,221
34,657
42,100

Working Capital

FRC

•

in mil. unless spec.
Mar'23
Jun'24
Sep'24
Total Current Assets
12,685
- -
11,726
Cash, Cash Equivalents & STI
7,821
- -
6,872
Accounts Receivable, Net
209
- -
400
Inventories
3,696
- -
3,687
Total Current Liabilities
5,175
- -
4,840
Payables & Accruals
- -
- -
- -
ST Debt
19
- -
27
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.2%
13.91%
7.87%
Free Cash Flow
203.18%
333.99%
-63.58%
Net Income, GAAP
49.57%
49.29%
-59.53%
Sales/Revenue/Turnover
21.39%
19.82%
-7.55%
Total Cash Common Dividend
- -
- -
100%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
8,039
8,857
10,658
11,094
38,648
2023
9,034
8,695
8,671
9,333
35,732
2024
8,220
8,396
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
6.56
7.16
9.07
- -
33.72
2023
8.12
-3.35
3.48
- -
13.65
2024
0.25
-0.22
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
2
2023
- -
- -
- -
- -
4
2024
- -
- -
- -
- -
- -
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Business
The Tinplate Company of India Limited manufactures and sells electrolytic tinplate and tin-free steel sheets for packaging applications. The company produces a range of tinmill products including single reduced and double reduced electrolytic tinplate, tin-free steel, and cold-rolled steel; offers specialized grades for food packaging such as processed edibles, beverages, oils, and ghee, as well as non-food uses in paints, aerosols, battery jackets, closures, electronics, engineering, construction, and petroleum containers; and provides value-added solutions like printed and lacquered sheets from its Tinplate Solution Centre. Founded in 1920 and headquartered in Jamshedpur, Jharkhand, it operates a manufacturing facility with 379,000 metric tons per annum capacity, achieving nearly 100% utilization, and exports 20-25% of output to over 24 destinations including Southeast Asia, Europe, and the Middle East. As a former Tata Steel subsidiary, it was amalgamated into Tata Steel Limited in January 2024 to leverage synergies in raw materials, procurement, sales networks, and value-added growth. Recent developments include a December 2023 memorandum of understanding with the Jharkhand government for a Rs 1,787 crore expansion adding 300,000 tons per annum capacity by 2026, creating over 600 jobs; a contract awarded to John Cockerill India for a continuous annealing line to boost premium value-added products; and sustained market leadership with 47% domestic share amid rising demand from urbanization and organized retail.