Tinplate Company Of India Ltd.
Snapshot View

326.90 -5.55 ▼-1.7%

24 May 2022, 04:01:00 PM
Volume: 22,684

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.tatatinplate.com
Market Cap 3,426.30 Cr.
Enterprise Value(EV) 2,958.91 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 33.72 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 9.71 Trailing Twelve Months Ending 2022-03
Industry PE 4.64 Trailing Twelve Months Ending 2022-03
Book Value / Share 111.86 Trailing Twelve Months Ending 2022-03
Price to Book Value 2.93 Calculated using Price: 327.35
Dividend Yield 1.22 Period Ending 2021-03
No. of Shares Subscribed 10.47 Cr. 104,667,638 Shares
FaceValue 10
Company Profile

Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel Ltd, which has a 74.96 per cent stake in it. India’s leading tinplate producer, TCIL offers its customers consistently high quality of products that meet the most stringent requirements of customers. The country’s first tinplate manufacturer, TCIL is at the cusp of marking a century since inception in the year 1920.

Product and service improvements in the last decade have given TCIL a larger share of the domestic tinplate market. It caters to around 74 per cent of the prime tinplate market and 43 percent of the overall domestic market. TCIL exports 20-25% of its produce to different geographies across the world, of which South East Asia, Middle East and select regions of Europe are key export markets.

The Company has a pan India presence, with its headquarters in Kolkata, eight Marketing & Sales offices and 18 stocking points across the country. Its single manufacturing facility, located in Jamshedpur, Jharkhand, has Cold Rolling Mills (CRMs), Electrolytic Tinning Lines (ETLs) and world-class Printing & Lacquering Lines.

Tinplate and Tin Free Steel (TFS), the two key product offerings of TCIL, are among the most versatile packaging substrates for packaging processed foods. The Company caters to the needs of extremely diverse segments, including Edible Oils, Paints & Pesticides, Processed Foods, Battery & Aerosols, and manufacturers of bottle crowns. TCIL offers Tinplate in cut sheet & coil form, and TFS in sheet form.

Business area of the company

The company is the producer of tin coated and tin free steel sheets in India having its headquarter in Kolkata, West Bengal and works located at Jamshedpur, Jharkhand. The company’s product basket includes Tinplate and Tin Free Steel in Single Reduced (SR) and Double Reduced (DR) forms which meet varying packaging needs of edible oils, processed foods, paints & chemicals, aerosols, batteries, crowns and other nonfood categories.

Awards and recognitions

2008-09

  • 1st Position in 8th CII (Eastern Region) Skills Competition held at Kolkata
  • TCIL wins CII-EXIM Bank Prize for Business Excellence
  • Tinplate Hospital: ISO 9001:2000 Accreditation
  • 2nd Position in TURNER trade - 21st Regional Workskills Competition, organized by CII Eastern Region
  • TCIL won the CII - Sustained High Overall Productivity Award 2007-08
  • TCIL bagged the 2nd position among Institutional Donors in Jharkhand during 2007-08

2009-10

  • 1st position in Regional '22nd CII CONVENTION ON QC CIRCLES' held ON 22.12.2009.
  • Certificate of appreciation for its sustained and unquestionable commitment to excellence - 17th Dec 2009. New Delhi
  • 3rd Position in Operation & Production Group - CII-9th Supervisory Skills Competition held at Kolkata
  • 3rd Position in Turner Trade - CII- 22nd Work skills Competition held at Kolkata
  • 2nd position in 22nd CONVENTION ON QC CIRCLES held on 8 December 2009 at Hotel Green Horizon, Ranchi.
  • MSD- TCIL certified under ISO/IEC 27001:2005
  • Recognition to 'SUDHAR' QC team - Eastern Region Chapter Convention on Quality Circles-CCQC-2009
  • Personal Achievement - Bhagwati Devi wins GOLD medal at ASIAN POWERLIFTING CHAMPIONSHIP 2009 held at Udaipur, Rajasthan.

2010-11

  • TCIL Commended 'Certificate of Recognition' for CII (ER) Energy Conservation Award 2010-11
  • Quality Circle Team AKARSHAN bagged Excellent Award in 24th National Convention on Quality Concept (NCQC-2010), which was held during 27-30 December, 2010, at the College of Engineering (Autonomous-Andhra University), Visakhapatnam (AP).
  • TCIL has been conferred with the CII Exim Prize 2010
  • Quality Circle Team SUDHAR bagged SILVER Medal in the International Convention on Quality Concept Circle Competition (ICQCC-2010) held on 12-15 October, 2010 at Hyderabad, organized by Quality Circle Forum of India, Hyderabad.
  • Quality Circle Team AKARSHAN bagged Gold Medal, (1st Position ) in Quality Circle Competition held on 21st September, 2010 at Taj Bengal, Kolkata organized by Quality Circle Forum of India, Kolkata Chapter
  • TCIL received the recognition for sustained excellence
  • TCIL won the finals on 28th July, 2010 at Mumbai - TATA INNOVISTA 2010 under DARE TO TRY category
  • TCIL certified under ISO: 22000 - 2005 - Food Safety Management System
  • TCIL recognised for its contribution in the area of Blood Donation - 01-April 2010

2011-12

  • TCIL secured first position under 'Significant' category in CII Eastern Region Productivity Awards 2011-2012.
  • Quality Circle Teams 'SUDHAR' and 'AKARSHAN' bagged Par Excellence (Gold Medal), in National Convention on Quality Circles (NCQC-2011), which was held during 09-12 December, 2011 at Hyderabad, organized by Quality Circle Forum of India, Hyderabad Chapter.
  • Quality Circle Teams 'SUDHAR' and 'AKARSHAN' bagged Gold Medal, in Quality Circle Competition (CCQC-2011) held on 20th September, 2011 at Taj Bengal, Kolkata organized by Quality Circle Forum of India, Kolkata Chapter.
  • TCIL received MERIT Prizes- INSAAN 2011

2012-13

  • TCIL ' ANVESHAN' bagged Excellent Award , in National Competition for Quality Circle (NCQC-2013), held during 20-23 Dec. '2013 at Techno India College of Technology, Kolkata.
  • TCIL Received Certificate of Appreciation from CII in recognition of commendable efforts towards significant improvement in Safety, Health and Environment in SHE contest 2012-2013 in the category of large scale companies.
  • TCIL 'AKARSHAN' quality circle team from CRM (E&E) department won '3 STAR' (Gold) in international Quality Circle Convention at Kuala Lumpur, Malaysia. 14th to 19th Oct 2012

2013-14

  • Best Associated Company (TIS Group) in Safety Performance in FY'13
  • Quality Circle Teams 'ANVESHAN' bagged Excellent Award, in National Competition for Quality Circle (NCQC-2013) - Dec' 2013
  • CII (ER) Productivity Award - Certificate of Appreciation for Significant Improvement in TQM - Mar'14
  • INSSAN - Merit Prize for Best Evaluator of Suggestion - Feb'14

2014-15

  • QC Team 'Akarshan' & 'Pragati' received the certificate of appreciation in 26th QC Circle Convention (CII- Jharkhand State Level) - Dec'14
  • INSSAN - 3rd Prize in Hindi Slogan - Dec'14, Merit award in English slogan, Hindi Poem and Best evaluator of suggestion
  • 2015-16
  • Mr. Amratesh Pandey from Annealing Department participated in the Best Theme Paper contest and won the Merit Prize. He also received the Awards of Poster and Slogan Contest on behalf of Mrs. Madhuri Mittal & Bhpendra Kumar Singh.
  • The Recognition function was organized during the 26th National Convention of the Indian National Suggestion Scheme Association (INSSAN) Contest held at Pune on 8th and 9th January 2016.

2016-17

  • 3 Quality Circle teams named Luminous from Batch Annealing Furnace, Akarshan from Cold Rolling Mill (Electrical & Electronics) and Anveshan from Crane department of TCIL were awarded GOLD in CCQC-2016 contest held at Hotel Taj Bengal, Kolkata on 27th September 2016.

2017-18

  • TCIL team bagged 3rd Prize in Eastern Region in the NMG-2017.The competition was organized by 'All India Management Association, New Delhi, held during 17-19 May '2017 at Bhubaneswar.
  • Two Team from Tinplate won 1st and 2nd position respectively in Ethic's Quiz for Tis Group Companies held on 27th July 2017 at TSL, Steelenium Hall,Jamshedpur Works.
  • TCIL team was represented by Ms. K.C. Swetha & Mr. M.K. Rajesh from CRM (E&E) and Mr. Shivadatta Das and Ms. Anamika Kumari from Business Excellence.

2018-19

  • TCIL has bagged 'Award for Excellence in Consistent TPM Commitment' for 2018.

History and Milestones

  • 1920: Incorporated in Kolkata on 20th January, 1920
  • 1922: First mill commenced production in Golmuri Works
  • 1923: Rolled out the first finished tinplates and products that appeared in the market in the form of kerosene tins
  • 1961: Became a public company
  • 1975: Undertook an Initial Public Offering (IPO) of equity shares
  • 1979: Commissioned ETP / TFS unit for commercial production
  • 1986: Bladite Holdings Limited UK (formerly BOC) sold their entire shareholding to TSL
  • 1996: Commissioned a cold rolling mill as part of the company’s backward integration process
  • 1998: Entered into a conversion arrangement with TSL
  • 1999: Phased out the operation of Hot Dip Plant (HDP)
  • 2005: Commissioned Solution Centre to produce printed and lacquered tinplate sheets
  • 2008: Installed capacity of tinning line enhanced to 3,79,000 TPA
  • 2008: Commenced commercial production in Second Electrolytic Tinning Line
  • 2011: Enhanced the capacity of the cold rolling mill complex to 3,80,000 TPA
  • 2013-17: Focused on consolidating production, enhancing capacity utilisation and improving the health of the company’s existing mills
  • 2017: Company started procuring raw material and selling on its own account and discontinued the conversion arrangement with TSL

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.67%
1 Week
-5.68%
1 Month
-22.06%
3 Month
+8.32%
6 Month
+9.97%
1 Year
+60.72%
2 Year
+305.33%
5 Year
+280.78%
10 Year
+740.36%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 5.68 12.16 8.24 11.58 4.48 11.27 8.36 12.92 12.22
Return on Capital Employed (%) 9.98 15.65 12.65 18.46 7.03 18.25 14.26 15.58 17.38
Return on Assets (%) 2.89 6.24 4.53 7.03 2.83 6.45 4.38 6.77 6.42

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 602 580 549 623 622 677 711 761 846 1,171
Non Curr. Liab. 199 192 163 160 166 159 153 172 270 137
Curr. Liab. 197 242 243 192 204 439 512 500 511 673
Minority Int.
Equity & Liab. 998 1,013 955 976 993 1,274 1,376 1,433 1,627 1,981
Non Curr. Assets 822 815 760 710 659 644 644 669 771 640
Curr. Assets 175 198 196 266 333 631 732 764 856 1,341
Misc. Exp. not W/O
Total Assets 998 1,013 955 976 993 1,274 1,376 1,433 1,627 1,981

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 877 1,059 911 836 831 1,919 2,585 2,106 2,281 4,250
Other Income 21 25 28 19 19 19 29 28 28 40
Total Income 899 1,084 939 855 850 1,938 2,614 2,133 2,309 4,290
Total Expenditure -766 -911 -788 -669 -741 -1,757 -2,451 -1,958 -2,108 -3,749
PBIDT 133 173 151 186 110 180 162 176 201 540
Interest -25 -21 -12 -6 -3 -3 -7 -10 -8 -8
Depreciation -58 -61 -71 -73 -66 -62 -64 -61 -62 -61
Taxation -21 -28 -23 -38 -13 -42 -34 -9 -34 -118
Exceptional Items
PAT 28 63 45 68 28 73 58 95 98 353
Adjusted EPS 2 5 4 6 3 7 6 9 9 34

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 114 84 199 170 114 91 108 124 53 252
Cash Fr. Inv. -64 -50 -35 -35 -36 -57 -51 -104 -32 -162
Cash Fr. Finan. -52 -34 -164 -134 -75 -28 -23 -32 -33 -18
Net Change -1 0 -1 1 3 5 34 -12 -12 73
Cash & Cash Eqvt 1 1 0 1 4 9 44 32 19 92

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96
Public 25.04 25.04 25.04 25.04 25.04 25.04 25.04 25.04 25.04
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Please find enclosed the Annual Secretarial Compliance Report of The Tinplate Company of India Limited dated May 19 2022 for the year ended March 31 2022 certified by Mr. A K Labh Practicing Company Secretary of M/s A K Labh & Co. Company Secretaries.
Mon, 09 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find attached details of communication received from TSR Consultants Private Ltd. Registrar and Share Transfer Agent of the Company in connection to loss of share certificates.Kindly consider this as compliance under Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Tue, 03 May 2022
Intimation Of Change Of Name Of The Registrar And Transfer Agent Of The Company
Intimation of Change of name of the Registrar and Transfer Agent of the Company

Technical Scans View Details

Tue, 24 May 2022
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
High Decrease 1 Month High Decrease 1 Month
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years
High Increase 5 Years High Increase 5 Years

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