Anil Goel-Held Small-Cap Stock Jumps 11%; PAT Surges 79% YoY, Company Plans Rs 125 Crore Battery Separator Film Investment

On Tuesday, Indian equity benchmark indices ended lower, with the benchmark Nifty 50 index falling 112.10 points, or 0.46 per cent, to 24,471.70. Amid the market movement, TCPL Packaging share price rose 11.3 per cent to Rs 3,675.80 after the company reported a strong Q1 FY27 performance, with consolidated PAT increasing 79.2 per cent YoY and announced plans to enter the lithium-ion battery separator film business.

TCPL Packaging reported consolidated total income of Rs 494.9 crore in Q1 FY27 compared with Rs 427 crore in Q1 FY26, registering a 15.9 per cent YoY growth. EBITDA, including other income, increased 17.3 per cent YoY to Rs 87.9 crore from Rs 74.9 crore, while the EBITDA margin improved to 17.8 per cent from 17.5 per cent, an improvement of 21 basis points. Profit before tax increased 82.6 per cent YoY to Rs 52.7 crore from Rs 28.8 crore, while profit after tax jumped 79.2 per cent to Rs 40 crore from Rs 22.3 crore. Cash profit increased 56 per cent YoY to Rs 75.6 crore, while EPS rose 79.3 per cent to Rs 44 from Rs 24.5.

The company also delivered a strong improvement compared with the previous financial year. In FY26, consolidated total income increased 2.9 per cent YoY to Rs 1,835.6 crore, while EBITDA rose 3.3 per cent to Rs 317.7 crore. However, FY26 consolidated PAT had declined 31.6 per cent YoY to Rs 97.8 crore from Rs 143 crore in FY25. The Q1 FY27 performance therefore marked a sharp improvement in profitability at the start of the new financial year.

The company's Chairman and Managing Director, Saket Kanoria, said FY2027 started on a strong note, with broad-based and profitable growth. According to the company, revenue increased 16 per cent YoY, EBITDA grew 17 per cent and cash profit increased 56 per cent during the quarter, supported by healthy demand, particularly in the domestic market, improved operating performance and the benefits of sustained investments and disciplined execution.

Both the Folding Cartons and Flexible Packaging businesses performed strongly during the quarter, with the company stating that these businesses enabled it to grow ahead of the market and gain share across key segments. The existing Flexible Packaging facility is operating at optimal utilisation, prompting TCPL Packaging to invest in an additional high-speed and capacity line. The company said the expansion will provide additional capacity to meet requirements from existing customers, pursue new business opportunities and increase the share of value-added products.

A major development announced alongside the results is the company's strategic entry into the Advanced Chemistry Cell battery materials value chain through lithium-ion battery separator films. TCPL Packaging plans to incorporate a subsidiary for manufacturing separator films, with an investment of approximately Rs 125 crore to be deployed over the next 18 months. Commercial production is targeted for Q4 FY28.
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The initial manufacturing capacity is planned at 70 million square metres per annum, supporting 6-8 GWh of lithium-ion cell production annually. In the longer term, TCPL Packaging plans to expand capacity to approximately 500 million square metres per annum, supporting around 50 GWh, over the next five to seven years, subject to customer demand and market developments. The company said the initiative will position the TCPL Group to participate in India's EV and energy storage ecosystem while supporting domestic battery component manufacturing and reducing import dependence.

The shareholding pattern for June 2026 shows that DII holding increased marginally to 13.69 per cent from 13.56 per cent in March 2026, while FII holding stood at 1.01 per cent compared with 1.04 per cent in the previous quarter. Promoter holding remained largely stable at 55.73 per cent against 55.74 per cent in March 2026, while public shareholding declined to 29.34 per cent from 29.45 per cent. Investor Anil Kumar Goel holds a 7.69 per cent stake in the company as of June 2026, unchanged from the previous quarter. Publicly available June 2026 portfolio data also shows the 7.69 per cent holding.

TCPL Packaging is one of India's leading producers of sustainable packaging solutions and provides paperboard-based products including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs and shelf-ready packaging. The company has also expanded into flexible packaging, with capabilities across laminates, sleeves and wrap-around labels. It has a pan-India presence with 10 manufacturing facilities and marketing offices across key metropolitan cities.

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Disclaimer: The article is for informational purposes only and not investment advice.