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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Tamilnadu Newsprint and Papers Limited is engaged in the business of manufacturing and marketing paper, paper board, cement and generation of power. The Company’s segments include Paper and Paper Board, and Energy. Its Paper and Paper Board segment is engaged in the…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced — but flagged on governance.
Tamilnadu Newsprint & Papers is scored on the commodity / cyclical framework. It keeps a slim 5.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.40× reported profit. It throws off free cash worth 18.9% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -3%/yr and profit at -14%/yr. Book value has grown 6%/yr. Return on equity is a modest 10.7%. In the latest quarter profit fell 98% versus the prior quarter.
At 4× earnings, the stock sits at the 27th percentile of its own 3.5-year range — the middle of where it has historically traded. Today's price asks for only ~-14%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: 150% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 4.23 | 24.94 | better |
| P/B | 0.48 | 0.79 | better |
| EV/EBITDA | 4.68 | 6.79 | better |
| ROE | 10.7 | 8.74 | better |
| ROCE | 6.2 | — | — |
| ROA | 4.2 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JK Paper | 23.3 | 1.4 | 4.8% |
| West Coast Paper Mills | 19.1 | 1.3 | 4.2% |
| Seshasayee Paper & Boards | 15.4 | 0.7 | 4.0% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-3% vs -14%) — costs are rising faster than the top line. The latest year saw a +6542% swing — check if it's a one-off or structural.
Operating margin has compressed from 12% to 1% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 11% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 9pp.
-14% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 10% QoQ — could be seasonality or a genuine slowdown.
Profit fell 98% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.5y median.
Promoters at 35.3% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.