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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Tamil Nadu Newsprint & Papers's Debt-to-EBITDA or its related term are showing as below:
NSE:TNPL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.83 Med: 3.42 Max: 8.59
Current: 2.9
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tamil Nadu Newsprint & Papers was 8.59. The lowest was 1.83. And the median was 3.42.
NSE:TNPL's Debt-to-EBITDA is ranked better than 55.45% of 211
companies
in the Forest Products industry
Industry Median: 3.3
vs NSE:TNPL: 2.90
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Tamil Nadu Newsprint & Papers Debt-to-EBITDA Related Terms
Tamil Nadu Newsprint & Papers Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tamil Nadu Newsprint & Papers Debt-to-EBITDA Chart
Tamil Nadu Newsprint & Papers Debt-to-EBITDA Competitor Comparison
For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tamil Nadu Newsprint & Papers Debt-to-EBITDA vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tamil Nadu Newsprint & Papers's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Tamil Nadu Newsprint & Papers (NSE:TNPL) has a Debt-to-EBITDA of 2.51 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Tamil Nadu Newsprint & Papers. This is 27% below median its historical median of 3.42. Over the past decade, Tamil Nadu Newsprint & Papers' Debt-to-EBITDA has ranged from 1.83 to 8.59. According to the industry distribution chart, Tamil Nadu Newsprint & Papers ranks #94 out of 211 companies in the Forest Products industry, placing it in the top 44.5%.
Is Tamil Nadu Newsprint & Papers' Debt-to-EBITDA too high?
Tamil Nadu Newsprint & Papers' current Debt-to-EBITDA of 2.51 is 27% below median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 8.59. The Forest Products industry median Debt-to-EBITDA is 3.30. Tamil Nadu Newsprint & Papers' value of 2.51 is 23.9% below this industry median. Based on the distribution chart, Tamil Nadu Newsprint & Papers ranks #94 out of 211 companies in the Forest Products industry, which is above the industry midpoint. Overall, Tamil Nadu Newsprint & Papers has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tamil Nadu Newsprint & Papers' Debt-to-EBITDA compare to competitors?
According to the Forest Products industry distribution chart, Tamil Nadu Newsprint & Papers ranks #94 out of 211 companies for Debt-to-EBITDA. This puts Tamil Nadu Newsprint & Papers in the upper half of its industry. The industry median Debt-to-EBITDA is 3.30. Tamil Nadu Newsprint & Papers' value of 2.51 is 23.9% below this benchmark. Historically, Tamil Nadu Newsprint & Papers' own Debt-to-EBITDA has ranged from 1.83 to 8.59 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 3.30, Tamil Nadu Newsprint & Papers has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.30, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tamil Nadu Newsprint & Papers's current Debt-to-EBITDA of 2.51 is 23.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Tamil Nadu Newsprint & Papers. For the Forest Products industry, the median Debt-to-EBITDA is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamil Nadu Newsprint & Papers's current Debt-to-EBITDA is 2.51, which is 27% below median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamil Nadu Newsprint & Papers stock overvalued right now?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers (NSE:TNPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹182.27, compared to a current price of ₹154.02 — trading 15.5% below its estimated fair value. The current Debt-to-EBITDA is 2.51, which is 27% below median its 10-year median of 3.42 and 23.9% below the Forest Products industry median of 3.30. Tamil Nadu Newsprint & Papers' overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Tamil Nadu Newsprint & Papers (NSE:TNPL), the current Debt-to-EBITDA is 2.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tamil Nadu Newsprint & Papers (NSE:TNPL) Overvalued in 2026?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers stock appears to be undervalued.
The current stock price of ₹154.02 is trading 15.5% below its estimated GF Value™ of ₹182.27.
GuruFocus considers Tamil Nadu Newsprint & Papers to be Modestly Undervalued.
Key valuation signals for NSE:TNPL:
Debt-to-EBITDA: 2.51 (27% below median its 10-year median of 3.42)
GF Value™: ₹182.27 vs. price of ₹154.02 (15.5% below fair value)
Industry Position: 23.9% below the Forest Products median (#94 of 211)
No single metric tells the full story. See the NSE:TNPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
75GF Score
Get the complete analysis for NSE:TNPL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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