GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TCPL Packaging Ltd (BOM:523301) » Definitions » Financial Strength

TCPL Packaging (BOM:523301) Financial Strength : 5 (As of Jun. 2024)


View and export this data going back to 2001. Start your Free Trial

What is TCPL Packaging Financial Strength?

TCPL Packaging has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

TCPL Packaging's Interest Coverage for the quarter that ended in Jun. 2024 was 4.04. TCPL Packaging's debt to revenue ratio for the quarter that ended in Jun. 2024 was 0.00. As of today, TCPL Packaging's Altman Z-Score is 4.28.


Competitive Comparison of TCPL Packaging's Financial Strength

For the Packaging & Containers subindustry, TCPL Packaging's Financial Strength, along with its competitors' market caps and Financial Strength 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's Financial Strength Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where TCPL Packaging's Financial Strength falls into.



TCPL Packaging Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

TCPL Packaging's Interest Expense for the months ended in Jun. 2024 was ₹-130 Mil. Its Operating Income for the months ended in Jun. 2024 was ₹527 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₹0 Mil.

TCPL Packaging's Interest Coverage for the quarter that ended in Jun. 2024 is

Interest Coverage=-1*Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*527.249/-130.402
=4.04

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

TCPL Packaging's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 15944.596
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

TCPL Packaging has a Z-score of 4.28, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.28 is strong.

* 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  (BOM:523301) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

TCPL Packaging has the Financial Strength Rank of 5.


TCPL Packaging Financial Strength Related Terms

Thank you for viewing the detailed overview of TCPL Packaging's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


TCPL Packaging Business Description

Traded in Other Exchanges
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.

TCPL Packaging Headlines

No Headlines