TCPL Packaging (NSE:TCPLPACK) Debt-to-Equity: 0.88 (As of Mar. 2026) — 28% Below Median

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NSE:TCPLPACK TCPL Packaging Ltd NSE:TCPLPACK
84 GF Score
Price ₹3,153.40
GF Value ₹3,045.12
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TCPL Packaging Debt-to-Equity?

TCPL Packaging NSE:TCPLPACK -0.06% 84 Debt-to-Equity is 0.88 as of Mar. 2026, which is 28% below its 10-year median of 1.23. GuruFocus rates NSE:TCPLPACK with a GF Score™ of 84/100 and a GF Value™ of ₹3,045.12 (Fairly Valued). The stock has 3 warning signs investors should review. Among 363 Packaging & Containers companies, TCPL Packaging ranks worse than 75.76% on this metric.

TCPL Packaging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹3,372 Mil. TCPL Packaging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹2,967 Mil. TCPL Packaging's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹7,188 Mil. TCPL Packaging's debt to equity for the quarter that ended in Mar. 2026 was 0.88.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for TCPL Packaging's Debt-to-Equity or its related term are showing as below:

NSE:TCPLPACK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.88   Med: 1.23   Max: 1.7
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of TCPL Packaging was 1.70. The lowest was 0.88. And the median was 1.23.

NSE:TCPLPACK's Debt-to-Equity is ranked worse than
75.76% of 363 companies
in the Packaging & Containers industry
Industry Median: 0.43 vs NSE:TCPLPACK: 0.88

TCPL Packaging  (NSE:TCPLPACK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


TCPL Packaging Debt-to-Equity Related Terms


TCPL Packaging Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for TCPL Packaging's Debt-to-Equity can be seen below:

* 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.

TCPL Packaging Debt-to-Equity Chart

TCPL Packaging Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 1.14 0.96 1.01 0.88

TCPL Packaging Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 N/A 1.03 N/A 0.88

NSE:TCPLPACK vs SW, PKG, IP: Debt-to-Equity Comparison

For the Packaging & Containers subindustry, TCPL Packaging's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


TCPL Packaging Debt-to-Equity vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TCPL Packaging's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TCPL Packaging's Debt-to-Equity falls into.


NSE:TCPLPACK
84GF Score
TCPL Packaging Ltd NSE:TCPLPACK
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCPL Packaging Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TCPL Packaging's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

TCPL Packaging's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.88 mean?
TCPL Packaging (NSE:TCPLPACK) has a Debt-to-Equity of 0.88 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TCPL Packaging and its competitors. This is 28% below median its historical median of 1.23. Over the past decade, TCPL Packaging's Debt-to-Equity has ranged from 0.88 to 1.70. According to the industry distribution chart, TCPL Packaging ranks #275 out of 363 companies in the Packaging & Containers industry, placing it in the top 75.8%.
Is TCPL Packaging's Debt-to-Equity too high?
TCPL Packaging's current Debt-to-Equity of 0.88 is 28% below median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.70. The Packaging & Containers industry median Debt-to-Equity is 0.43. TCPL Packaging's value of 0.88 is 104.7% above this industry median. Based on the distribution chart, TCPL Packaging ranks #275 out of 363 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, TCPL Packaging has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCPL Packaging's Debt-to-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, TCPL Packaging ranks #275 out of 363 companies for Debt-to-Equity. This places TCPL Packaging in the lower half of its industry. The industry median Debt-to-Equity is 0.43. TCPL Packaging's value of 0.88 is 104.7% above this benchmark. Historically, TCPL Packaging's own Debt-to-Equity has ranged from 0.88 to 1.70 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 0.43, TCPL Packaging has consistently been above 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-Equity for a Packaging & Containers company?
The median Debt-to-Equity among Packaging & Containers companies is 0.43, based on 363 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TCPL Packaging's current Debt-to-Equity of 0.88 is 104.7% above 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TCPL Packaging and its competitors. For the Packaging & Containers industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCPL Packaging's current Debt-to-Equity is 0.88, which is 28% below median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCPL Packaging stock overvalued right now?
Based on GuruFocus' analysis, TCPL Packaging (NSE:TCPLPACK) is currently considered Fairly Valued. The stock's GF Value™ is ₹3,045.12, compared to a current price of ₹3,153.40 — trading 3.6% above its estimated fair value. The current Debt-to-Equity is 0.88, which is 28% below median its 10-year median of 1.23 and 104.7% above the Packaging & Containers industry median of 0.43. TCPL Packaging's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For TCPL Packaging (NSE:TCPLPACK), the current Debt-to-Equity is 0.88 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 TCPL Packaging (NSE:TCPLPACK) Overvalued in 2026?

Based on GuruFocus' analysis, TCPL Packaging stock appears to be overvalued. The current stock price of ₹3,153.40 is trading 3.6% above its estimated GF Value™ of ₹3,045.12. GuruFocus considers TCPL Packaging to be Fairly Valued.

Key valuation signals for NSE:TCPLPACK:

  • Debt-to-Equity: 0.88 (28% below median its 10-year median of 1.23)
  • GF Value™: ₹3,045.12 vs. price of ₹3,153.40 (3.6% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 104.7% above the Packaging & Containers median (#275 of 363)

No single metric tells the full story. See the NSE:TCPLPACK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TCPL Packaging Business Description

Other Exchanges 523301:India
Address 414, Senapati Bapat Marg, Empire Mills Complex, Lower Parel (West), Mumbai, MH, IND, 400 013
TCPL Packaging Ltd is engaged in the Printing and Packaging business. The company manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. Geographically, it derives a majority of its revenue from India. It serves FMCG, Food and Beverage, Liquor, Pharmaceuticals, and Other industries. It has one segment of business, which is Printing and Packaging.
84GF Score

Get the complete analysis for NSE:TCPLPACK

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹3,153.40
Price
₹3,045.12
GF Value