Tamil Nadu Newsprint And Papers Ltd.

Peer Group

Stock	Current Price Rs	PE TTM Price to Earnings	Market Capitalization in Cr	Dividend yield 1yr %	Net Profit Qtr Cr	Net Profit Annual Growth YoY %	Operating Revenues Qtr Cr	Revenue Growth Qtr YoY	Price to Book Value
Tamil Nadu Newsprint..	187.30	8.83	1296.30	4.00	77.10	323.91	951.10	2.79	0.79
JK Paper Ltd. Market Leader	123.60	4.61	2203.05	2.83	136.15	68.06	712.53	-10.37	1.08
West Coast Paper Mil.. Market Runner Up	241.15	5.07	1592.77	2.07	102.09	32.63	535.27	16.44	1.44
International Paper ..	327.85	6.03	1303.86	0.00	61.01	140.86	368.31	8.37	1.71
Seshasayee Paper & B..	182.35	5.69	1149.72	2.19	38.80	54.61	278.44	1.31	1.32
Satia Industries Ltd.	71.20	7.46	712.00	0.35	26.45	27.82	224.46	24.66	2.31
Orient Paper & Indus..	27.95	6.52	593.09	3.94	8.02	106.23	149.77	10.53	0.43
Astron Paper & Board..	102.10	19.15	474.77	0.00	5.36	18.23	82.71	2.86	3.15

All values except ratios in INR(Crores)


Indicator	Jun-2019	Mar-2019	Dec-2018	Sep-2018	Jun-2018	Mar-2018	Dec-2017	Sep-2017	Jun-2017
Total Revenue Qtr cr	960.6	1,059.2	1,113.5	1,014.1	935.2	1,062.2	949.6	543.5	570.3
Operating Revenues Qtr Cr	951.1	1,048.3	1,103.4	1,005.7	925.3	1,050.5	941.5	536.0	563.5
Other Income Qtr Cr	9.5	10.9	10.0	8.4	9.9	11.6	8.1	7.5	6.8
Operating Expenses Qtr Cr	734.9	846.5	919.6	886.1	781.3	889.6	796.2	468.8	532.5
Operating Profit Qtr Cr	216.2	201.8	183.8	119.6	144.0	160.9	145.3	67.2	30.9
Operating Profit Margin Qtr %	22.73%	19.25%	16.66%	11.89%	15.56%	15.32%	15.43%	12.54%	5.49%
Depreciation Qtr Cr	57.1	56.5	57.0	57.0	56.2	57.0	55.8	54.6	54.4
Interest Qtr Cr	54.4	56.1	57.5	60.8	58.9	57.9	65.3	58.2	63.2
Profit Before Tax Qtr Cr	114.3	26.9	79.3	10.2	38.8	57.6	32.2	-38.2	-79.7
Tax Qtr Cr	37.2	13.5	29.6	3.6	14.2	24.6	5.1	-25.0	9.4
Net Profit Qtr Cr	77.1	13.5	49.7	6.5	24.7	33.1	27.1	-13.2	-89.2
Basic EPS Qtr Rs	11.1	1.9	7.2	0.9	3.6	4.8	3.9	-1.9	-12.9
Net profit TTM Cr	146.8	94.4	114.0	91.4	71.7	-42.1	-11.8	22.1	105.9
Basic EPS TTM Rs	21.2	13.6	16.5	13.2	10.4	-6.1	-1.7	3.2	15.3

Quarterly Operating Revenues Qtr Cr Analysis

Operating Revenues Qtr Cr growth is lower than historical averages.

Quarterly Net Profit Qtr Cr Analysis

Net Profit Qtr Cr growth is higher than historical averages.


Indicator	Graph
Total Revenue Qtr cr
Operating Revenues Qtr Cr
Other Income Qtr Cr
Operating Expenses Qtr Cr
Operating Profit Qtr Cr
Operating Profit Margin Qtr %
Depreciation Qtr Cr
Interest Qtr Cr
Profit Before Tax Qtr Cr
Tax Qtr Cr
Net Profit Qtr Cr
Basic EPS Qtr Rs
Net profit TTM Cr
Basic EPS TTM Rs

Annual Results

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	TTM	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total Revenue Annual Cr	4,147.4	4,122.0	3,131.9	2,994.5	2,434.3	2,152.4	2,301.9	1,881.2	1,539.0	1,225.0
Operating Revenues Annual Cr	4,108.5	4,082.7	3,098.3	2,957.6	2,417.5	2,135.7	2,285.2	1,861.3	1,522.9	1,208.5
Other Income Annual Cr	38.8	39.2	33.6	37.0	16.8	16.6	16.7	19.9	16.1	16.5
Operating Expenses Annual Cr	3,387.1	3,433.5	2,693.5	2,228.6	1,838.3	1,630.0	1,778.7	1,459.1	1,203.4	892.4
Operating Profit Annual in Cr	721.4	649.2	404.9	729.0	579.2	505.7	506.5	402.1	319.5	316.1
Operating Profit Margin Annual %		15.75%	12.93%	24.34%	23.79%	23.5%	22.0%	21.38%	20.76%	25.8%
Total Expenses Annual Cr		3,893.6	3,159.9	2,688.3	2,117.1	1,922.2	2,099.3	1,755.1	1,513.8	1,060.0
Other Expenses Annual Cr	441.1	1,127.8	834.6	917.9	749.3	745.8	812.8	665.8	654.9	458.1
Employee Expenses Annual Cr	271.2	267.5	246.3	246.9	183.9	178.9	155.8	139.0	126.2	112.7
Cost Of Power Purchased Annual Cr	682.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cost Of Fuel Annual Cr		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBIDT Annual Cr		688.4	438.5	765.9	596.0	522.4	523.2	422.1	335.5	332.6
EBIDT margin Annual %		16.7%	14.0%	25.58%	24.48%	24.27%	22.73%	22.44%	21.8%	27.15%
Other Income Annual Cr	38.8	39.2	33.6	37.0	16.8	16.6	16.7	19.9	16.1	16.5
Interest Annual Cr	228.8	233.4	244.6	252.0	139.3	154.9	128.2	121.0	141.3	44.2
Depreciation Cr	227.6	226.7	221.8	207.7	139.5	137.3	192.3	175.0	169.1	123.4
Profit Before Tax Annual Cr	230.6	155.2	-28.0	306.2	317.2	230.1	202.7	126.1	125.1	165.0
Tax Annual Cr	83.8	60.8	14.2	41.6	63.3	63.4	41.5	34.6	16.2	46.1
PAT Before ExtraOrdinary Items Annual Cr		94.4	-42.2	264.6	253.9	166.7	161.2	91.5	108.9	118.8
Minority Interest Income Annual Cr
Net Profit Annual Cr	146.8	94.4	-42.2	264.6	253.9	166.7	161.2	91.5	108.9	149.0
Net Profit Margin Annual %		2.31%	-1.36%	8.94%	10.5%	7.8%	7.05%	4.91%	7.15%	12.32%
Basic EPS Annual Rs		13.6	-6.1	38.2	36.7	24.1	23.3	13.2	15.7	21.5

Annual Total Revenue Annual Cr Analysis

Total Revenue Annual Cr growth is higher than historical averages.

1 Year:: 4,121.96 Cr
3 Years:: 3,416.14 Cr
5 Years:: 2,967.02 Cr
7 Years:: 2,716.89 Cr

Annual Net Profit Annual Cr Analysis

Net Profit Annual Cr growth is higher than historical averages.

1 Year:: 94.39 Cr
3 Years:: 105.6 Cr
5 Years:: 147.49 Cr
7 Years:: 141.44 Cr

Annual ROE Annual % Analysis

ROE Annual % is growing faster than historical averages.

1 Year:: 5.71 %
3 Years:: 6.2 %
5 Years:: 10.01 %
7 Years:: 10.42 %


Indicator	TTM	Graph
Total Revenue Annual Cr	0.0
Operating Revenues Annual Cr	0.0
Other Income Annual Cr	0.0
Operating Expenses Annual Cr	0.0
Operating Profit Annual in Cr	0.0
Operating Profit Margin Annual %
Total Expenses Annual Cr
Other Expenses Annual Cr	0.0
Employee Expenses Annual Cr	0.0
Cost Of Power Purchased Annual Cr	0.0
Cost Of Fuel Annual Cr
EBIDT Annual Cr
EBIDT margin Annual %
Other Income Annual Cr	0.0
Interest Annual Cr	0.0
Depreciation Cr	0.0
Profit Before Tax Annual Cr	0.0
Tax Annual Cr	0.0
PAT Before ExtraOrdinary Items Annual Cr
Minority Interest Income Annual Cr	0.0
Net Profit Annual Cr	0.0
Net Profit Margin Annual %
Basic EPS Annual Rs

Financial Ratios

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Book Value Per Share Annual Rs	238.1	231.1	245.7	208.4	173.2	165.2	149.3	139.9	132.0
RoA Annual %	1.7%	-0.76%	4.69%	4.62%	3.54%	4.34%	2.62%	3.06%	4.84%
ROE Annual %	5.71%	-2.62%	15.52%	17.56%	13.87%	14.06%	8.83%	11.22%	16.26%
ROCE Annual %	14.27%	6.39%	15.21%	6.57%	5.49%	7.35%	4.42%	5.03%	7.2%
Profitability Ratio
EBDIT Annual Margin %	16.86%	14.15%	25.89%	24.65%	24.45%	22.89%	22.67%	22.03%	27.52%
EBIT Annual Margin %	11.3%	6.99%	18.87%	18.88%	18.02%	14.47%	13.27%	10.93%	17.31%
PBT Annual Margin %	3.8%	-0.9%	10.35%	13.12%	10.77%	8.86%	6.77%	8.21%	13.65%
Net Profit Margin Annual %	2.31%	-1.36%	8.94%	10.5%	7.8%	7.05%	4.91%	7.15%	12.32%
Asset Turnover Annual %	73.8%	56.08%	52.49%	44.04%	45.46%	61.55%	53.46%	42.84%	39.29%
Liquidity Ratio
Current Ratio Annual	0.7	0.6	0.7	0.7	0.7	0.6	0.6	0.7	0.6
Quick Ratio Annual	0.3	0.4	0.4	0.5	0.5	0.4	0.4	0.4	0.4
Dividend Payout to NP Annual %	36.66%	-123.13%	19.62%	20.44%	24.9%	25.76%	37.82%	31.76%	23.22%
Dividend Payout CP Annual %	10.77%	28.88%	10.99%	13.19%	13.65%	11.74%	12.98%	12.44%	12.7%
Earning Retention Annual %	63.34%	223.13%	80.38%	79.56%	75.1%	74.24%	62.18%	68.24%	76.78%
Cash Earning Retention Annual %	89.23%	71.12%	89.01%	86.81%	86.35%	88.26%	87.02%	87.56%	87.3%
Valuation Ratio
EnterpriseValue Annual Cr	2,907.5	4,323.5	4,558.0	3,960.2	2,682.0	1,964.9	1,791.9	2,083.3	2,145.2
EV Per Net Sales Annual	0.7	1.4	1.5	1.6	1.3	0.9	1.0	1.4	1.8
Price To Book Value Annual	0.9	1.5	1.3	1.0	0.7	0.8	0.6	0.7	1.0
EV Per EBITDA Annual	4.2	9.9	6.0	6.6	5.1	3.8	4.2	6.2	6.4
Market Cap Per Sales Annual	0.3	0.8	0.7	0.6	0.4	0.4	0.4	0.4	0.8
Retention Ratio Annual %	63.33%	223.13%	80.37%	79.55%	75.09%	74.23%	62.17%	68.23%	76.77%
Earnings Yield Annual	0.1	-0.0	0.1	0.2	0.2	0.2	0.1	0.2	0.2
Cash Earning Retention Annual %	89.23%	71.12%	89.01%	86.81%	86.35%	88.26%	87.02%	87.56%	87.3%
Total Debt to Total Equity Annual	0.9	1.2	1.4	1.7	1.5	0.9	1.1	1.5	1.4

Annual Book Value Per Share Annual Rs Analysis

Book Value Per Share Annual Rs growth is lower than historical averages.

1 Year:: 238.07 Rs
3 Years:: 238.28 Rs
5 Years:: 219.28 Rs
7 Years:: 201.55 Rs

Annual RoA Annual % Analysis

RoA Annual % is growing faster than historical averages.

1 Year:: 1.7 %
3 Years:: 1.88 %
5 Years:: 2.76 %
7 Years:: 2.96 %


Indicator	Graph
Book Value Per Share Annual Rs
RoA Annual %
ROE Annual %
ROCE Annual %
Profitability Ratio
EBDIT Annual Margin %
EBIT Annual Margin %
PBT Annual Margin %
Net Profit Margin Annual %
Asset Turnover Annual %
Liquidity Ratio
Current Ratio Annual
Quick Ratio Annual
Dividend Payout to NP Annual %
Dividend Payout CP Annual %
Earning Retention Annual %
Cash Earning Retention Annual %
Valuation Ratio
EnterpriseValue Annual Cr
EV Per Net Sales Annual
Price To Book Value Annual
EV Per EBITDA Annual
Market Cap Per Sales Annual
Retention Ratio Annual %
Earnings Yield Annual
Cash Earning Retention Annual %
Total Debt to Total Equity Annual

Balance Sheet

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Total ShareHolders Funds Annual Cr	1,651.7	1,603.1	1,704.7	1,445.5	1,201.6	1,146.0	1,035.5	970.7	915.8
Equity Share Capital Annual Cr	69.4	69.4	69.4	69.4	69.4	69.4	69.4	69.4	69.4
Total Share Capital Annual Cr	69.4	69.4	69.4	69.4	69.4	69.4	69.4	69.4	69.4
Reserves Plus Surplus Annual Cr	1,582.3	1,533.8	1,635.3	1,376.2	1,132.3	1,076.6	966.1	901.3	846.4
Total Reserves Plus Surplus Annual Cr	1,582.3	1,533.8	1,635.3	1,376.2	1,132.3	1,076.6	966.1	901.3	846.4
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr	1,584.1	1,782.4	1,963.2	2,414.1	1,830.1	1,045.2	1,031.7	1,194.9	1,151.8
Deferred Tax Liabilities Annual Cr	228.7	221.7	205.8	375.6	359.6	316.6	290.5	269.8	249.6
Other LongTerm Liabilities Annual Cr	0.3	0.3	0.3	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities Annual Cr	2,295.7	2,139.1	1,966.5	1,628.5	1,665.8	1,521.5	1,413.8	1,389.3	1,007.7
Trade Payables Annual Cr	1,208.1	768.7	541.1	585.6	580.2	465.8	406.3	342.2	198.5
Other Current Liabilities Annual Cr	777.4	838.2	666.1	424.0	535.8	529.6	454.8	409.4	340.5
Short Term Provisions Annual Cr	27.0	23.7	16.7	98.5	74.5	75.7	56.9	54.3	62.4
Total Capital Plus Liabilities Annual Cr	5,531.5	5,524.7	5,634.4	5,488.2	4,697.5	3,712.7	3,481.0	3,554.9	3,075.3
Fixed Assets Annual Cr	3,910.5	4,096.1	4,166.0	4,222.1	3,040.8	2,528.2	2,541.0	2,495.9	2,293.4
Tangible Assets Annual Cr	3,875.0	4,040.4	4,072.6	2,411.9	2,404.3	2,425.9	2,073.1	2,177.9	2,193.8
Intangible Assets Annual Cr	7.9	25.2	21.0	3.8	5.3	7.3	10.7	0.1	0.1
Capital Work In Progress Annual Cr	14.5	18.1	59.0	1,806.5	631.2	95.0	456.9	313.8	98.2
Total Non Current Assets Annual Cr	3,968.2	4,175.5	4,274.1	4,351.2	3,463.2	2,798.6	2,653.6	2,625.2	2,430.6
Non Current Investments Annual Cr	0.7	1.0	1.1	1.1	1.1	1.1	1.1	1.1	1.1
Deferred Tax Assets Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Long Term Loans Plus Advances Annual Cr	29.7	76.9	85.0	120.0	404.9	248.1	90.3	110.2	122.8
Other Non Current Assets Annual Cr	27.4	1.4	22.0	8.0	16.3	21.2	21.2	17.9	13.2
Total Current Assets Annual Cr	1,563.2	1,349.1	1,360.3	1,137.0	1,234.3	914.0	827.4	929.7	644.8
Current Investments Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Trade Receivables Annual Cr	441.6	598.8	533.9	415.8	501.4	376.7	276.9	363.9	205.9
Cash Plus Cash Equivalents Annual Cr	51.4	27.2	21.4	16.2	20.3	12.2	24.5	19.7	12.2
Short Term Loans Plus Advances Annual Cr	22.3	37.4	28.8	306.0	263.4	213.6	239.8	200.7	211.7
Other Current Assets Annual Cr	187.1	201.6	204.8	11.6	15.8	26.0	21.7	17.7	10.0
Total Assets Annual Cr	5,531.5	5,524.7	5,634.4	5,488.2	4,697.5	3,712.7	3,481.0	3,554.9	3,075.3
Contingent Liabilities plus Commitments Annual Cr	492.2	1,035.3	1,069.1	879.3	1,586.7	1,637.6	567.2	476.2	401.0
Bonus Equity Share Capital Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Non Current Investments Unquoted BookValue Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Current Investments Unquoted BookValue Annual Cr	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0

Annual Long Term Debt To Equity Annual Analysis

Long Term Debt To Equity Annual growth is stable compared to historical averages.

1 Year:: 0.75
3 Years:: 0.88
5 Years:: 1.02
7 Years:: 0.9

Annual Total Assets Annual Cr Analysis

Total Assets Annual Cr growth is lower than historical averages.

1 Year:: 5,531.48 Cr
3 Years:: 5,563.51 Cr
5 Years:: 5,375.24 Cr
7 Years:: 4,867.13 Cr


Indicator	Graph
Total ShareHolders Funds Annual Cr
Equity Share Capital Annual Cr
Total Share Capital Annual Cr
Reserves Plus Surplus Annual Cr
Total Reserves Plus Surplus Annual Cr
Minority Interest Liability Annual Cr
Total Non Current Liabilities Annual Cr
Deferred Tax Liabilities Annual Cr
Other LongTerm Liabilities Annual Cr
Total Current Liabilities Annual Cr
Trade Payables Annual Cr
Other Current Liabilities Annual Cr
Short Term Provisions Annual Cr
Total Capital Plus Liabilities Annual Cr
Fixed Assets Annual Cr
Tangible Assets Annual Cr
Intangible Assets Annual Cr
Capital Work In Progress Annual Cr
Total Non Current Assets Annual Cr
Non Current Investments Annual Cr
Deferred Tax Assets Annual Cr
Long Term Loans Plus Advances Annual Cr
Other Non Current Assets Annual Cr
Total Current Assets Annual Cr
Current Investments Annual Cr
Trade Receivables Annual Cr
Cash Plus Cash Equivalents Annual Cr
Short Term Loans Plus Advances Annual Cr
Other Current Assets Annual Cr
Total Assets Annual Cr
Contingent Liabilities plus Commitments Annual Cr
Bonus Equity Share Capital Annual Cr
Non Current Investments Unquoted BookValue Annual Cr
Current Investments Unquoted BookValue Annual Cr

Cash flow

Standalone
Consolidated

All values except ratios in INR(Crores)


Indicator	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011
Cash from Operating Activity Annual Cr	818.9	824.5	284.0	659.1	403.2	523.6	625.1	305.8	274.8
Profit Before Tax Annual Cr	155.2	-28.0	306.2	317.2	230.1	202.7	126.1	125.1	165.0
Interest Annual Cr	233.4	244.6	252.0	139.3	154.9	128.2	121.0	141.3	44.2
Tax Annual Cr	60.8	14.2	41.6	63.3	63.4	41.5	34.6	16.2	46.1
Cash from Investing Activity Annual Cr	-46.9	-110.8	-90.1	-893.4	-739.8	-283.9	-187.9	-281.8	-267.7
Cash from Financing Annual Activity Cr	-848.9	-569.6	-252.6	230.1	344.7	-252.0	-432.4	-16.5	-14.3
Net Cash Flow Annual Cr	-76.9	144.2	-58.8	-4.2	8.1 </

Analyst Rating

No of reports

0

No upgrades

0

No downgrades

0

PEG TTM Price to Earnings Growth

0.1

Operating Revenues Qtr Cr s

951.1 Cr

Net Profit Qtr Cr s

77.1 Cr

RSI

47.7

MFI

53.1

MACD

-1

MACD signal

0.3

SMA 30

192.5

SMA 50

185.0

SMA 100

181.9

SMA 200

196.5

Promoter holding %

35.3

FII holding %

5.0

MF holding %

17.7

Institutional holding %

41.1

Peer Group

Write Query

Quarterly Results

Quarterly Operating Revenues Qtr Cr Analysis

Quarterly Net Profit Qtr Cr Analysis

Annual Results

Annual Total Revenue Annual Cr Analysis

Average Total Revenue Annual Cr

Annual Net Profit Annual Cr Analysis

Average Net Profit Annual Cr

Annual ROE Annual % Analysis

Average ROE Annual %

Financial Ratios

Annual Book Value Per Share Annual Rs Analysis

Average Book Value Per Share Annual Rs

Annual RoA Annual % Analysis

Average RoA Annual %

Balance Sheet

Annual Long Term Debt To Equity Annual Analysis

Average Long Term Debt To Equity Annual

Annual Total Assets Annual Cr Analysis

Average Total Assets Annual Cr

Cash flow