TCPL Packaging (NSE:TCPLPACK) Interest Coverage: 2.75 (As of Mar. 2026) — Near Median


NSE:TCPLPACK TCPL Packaging Ltd NSE:TCPLPACK
75 GF Score
Price ₹2,997.30
GF Value ₹3,084.35
Valuation Fairly Valued
! 3 Warning Signs
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What is TCPL Packaging Interest Coverage?

TCPL Packaging NSE:TCPLPACK +2.81% 75 Interest Coverage is 2.75 as of Mar. 2026, which is 9% below its 10-year median of 3.02. GuruFocus rates NSE:TCPLPACK with a GF Score™ of 75/100 and a GF Value™ of ₹3,084.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 316 Packaging & Containers companies, TCPL Packaging ranks worse than 72.47% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. TCPL Packaging's Operating Income for the three months ended in Mar. 2026 was ₹488 Mil. TCPL Packaging's Interest Expense for the three months ended in Mar. 2026 was ₹-178 Mil. TCPL Packaging's interest coverage for the quarter that ended in Mar. 2026 was 2.75. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for TCPL Packaging's Interest Coverage or its related term are showing as below:

NSE:TCPLPACK' s Interest Coverage Range Over the Past 10 Years
Min: 2.29   Med: 3.02   Max: 4
Current: 2.64


NSE:TCPLPACK's Interest Coverage is ranked worse than
72.47% of 316 companies
in the Packaging & Containers industry
Industry Median: 6.055 vs NSE:TCPLPACK: 2.64

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


TCPL Packaging  (NSE:TCPLPACK) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


TCPL Packaging Interest Coverage Related Terms


TCPL Packaging Interest Coverage Historical Data

* Premium members only.

The historical data trend for TCPL Packaging's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

TCPL Packaging Interest Coverage Chart

TCPL Packaging Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.12 4.00 3.45 3.73 2.64

TCPL Packaging Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 3.00 2.00 2.43 3.85 2.75

NSE:TCPLPACK vs SW, PKG, AMCR: Interest Coverage Comparison

For the Packaging & Containers subindustry, TCPL Packaging's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TCPL Packaging's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TCPL Packaging's Interest Coverage falls into.


NSE:TCPLPACK
75GF Score
TCPL Packaging Ltd NSE:TCPLPACK
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCPL Packaging Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TCPL Packaging's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, TCPL Packaging's Interest Expense was ₹-794 Mil. Its Operating Income was ₹2,091 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,967 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*2091.063/-793.521
=2.64

TCPL Packaging's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, TCPL Packaging's Interest Expense was ₹-178 Mil. Its Operating Income was ₹488 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,967 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*487.999/-177.622
=2.75

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.75 mean?
TCPL Packaging (NSE:TCPLPACK) has a Interest Coverage of 2.75 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TCPL Packaging and its competitors. This is near median its historical median of 3.02. Over the past decade, TCPL Packaging's Interest Coverage has ranged from 2.29 to 4.00. According to the industry distribution chart, TCPL Packaging ranks #229 out of 316 companies in the Packaging & Containers industry, placing it in the top 72.5%.
Is TCPL Packaging's Interest Coverage too high?
TCPL Packaging's current Interest Coverage of 2.75 is near median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 4.00. The Packaging & Containers industry median Interest Coverage is 6.06. TCPL Packaging's value of 2.75 is 54.6% below this industry median. Based on the distribution chart, TCPL Packaging ranks #229 out of 316 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, TCPL Packaging has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCPL Packaging's Interest Coverage compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, TCPL Packaging ranks #229 out of 316 companies for Interest Coverage. This places TCPL Packaging in the lower half of its industry. The industry median Interest Coverage is 6.06. TCPL Packaging's value of 2.75 is 54.6% below this benchmark. Historically, TCPL Packaging's own Interest Coverage has ranged from 2.29 to 4.00 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 6.06, TCPL Packaging 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 Interest Coverage for a Packaging & Containers company?
The median Interest Coverage among Packaging & Containers companies is 6.06, based on 316 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TCPL Packaging's current Interest Coverage of 2.75 is 54.6% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TCPL Packaging and its competitors. For the Packaging & Containers industry, the median Interest Coverage is 6.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCPL Packaging's current Interest Coverage is 2.75, which is near median its own 10-year median of 3.02. 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 ₹3,084.35, compared to a current price of ₹2,997.30 — trading 2.8% below its estimated fair value. The current Interest Coverage is 2.75, which is near median its 10-year median of 3.02 and 54.6% below the Packaging & Containers industry median of 6.06. TCPL Packaging's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For TCPL Packaging (NSE:TCPLPACK), the current Interest Coverage is 2.75 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 undervalued. The current stock price of ₹2,997.30 is trading 2.8% below its estimated GF Value™ of ₹3,084.35. GuruFocus considers TCPL Packaging to be Fairly Valued.

Key valuation signals for NSE:TCPLPACK:

  • Interest Coverage: 2.75 (near median its 10-year median of 3.02)
  • GF Value™: ₹3,084.35 vs. price of ₹2,997.30 (2.8% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 54.6% below the Packaging & Containers median (#229 of 316)

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.
75GF Score

Get the complete analysis for NSE:TCPLPACK

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

₹2,997.30
Price
₹3,084.35
GF Value