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Tamil Nadu Newsprint & Papers Ltd

| Audited Financial Results for Q4 and Year Ended March 31, 2026

Report Source

⬤24th Apr 26

Summary : Company achieved record production and sales, improved profitability, and declared dividend despite market volatility.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of purchase/materials consumed
  2. Employee Benefit Expense
  3. Finance Costs
  4. Depreciation and Amortization Expense
  5. Power, Fuel & water charges
  6. Other Expenses
  7. Total revenue FY26: Rs. 4720.77 Crore (vs FY25: Rs. 4588.31 Crore)
  8. Total revenue Q4FY26: Rs. 1291.77 Crore (vs Q4FY25: Rs. 1393.79 Crore)
  9. Segment Revenue: Paper & Paper board, Energy
  10. Net Cash from Operating Activities FY26: Rs. 595.51 Crore (vs FY25: Rs. 569.80 Crore)
  11. Net Cash from Investing Activities FY26: Rs. (386.74) Crore (vs FY25: Rs. (162.43) Crore)
  12. Net Cash from Financing Activities FY26: Rs. (160.97) Crore (vs FY25: Rs. (492.89) Crore)
  13. Total Increase (Decrease) in Cash and Cash Equivalents FY26: Rs. 47.80 Crore (vs FY25: Rs. (85.52) Crore)
  14. Total Assets FY26: Rs. 6210.11 Crore (vs FY25: Rs. 5882.78 Crore)
  15. Total Equity FY26: Rs. 2315.98 Crore (vs FY25: Rs. 2087.00 Crore)
  16. Non-Current Liabilities FY26: Rs. 1289.15 Crore (vs FY25: Rs. 1309.30 Crore)
  17. Current Liabilities FY26: Rs. 2604.98 Crore (vs FY25: Rs. 2486.48 Crore)
  18. Disclosure of Related Party Transactions for quarter and year ended 31st March, 2026
  19. Remuneration paid to Key Managerial Personnel
  20. Sitting Fees and Honorarium paid to Directors
  21. Advance payment to KMP
  22. Amount Contributed to trust and societies
  23. Standalone financial results

Corporate Overview

  1. Tamil Nadu, India
  2. Paper & Board market remained volatile
  3. Challenging market conditions due to various factors
  4. Cheaper imports from ASEAN countries impacting sales realisation and profitability
  5. Recent geo-political developments
  6. Manufacturer of bagasse based eco-friendly paper
  7. Company achieved highest ever production and sale since inception
  8. Board Unit achieved turnaround in profitability during the year
  9. Paper & Paper board
  10. Energy
  11. Paper production: 434294 MT (FY26), 108314 MT (Q4FY26)
  12. Board production: 200075 MT (FY26), 52948 MT (Q4FY26)

Risk Factors

  1. Volatile Paper & Board market.
  2. Challenging market conditions persist.
  3. Cheaper imports from ASEAN.
  4. Monitoring geo-political developments.

Key Drivers

  1. Highest ever production and sales.
  2. Board Unit achieved profitability turnaround.
  3. Focus on higher realization products.
  4. Recommended 40% dividend.

Auditor’s Report

  1. Unmodified opinion

Board Commentary

  1. Changes in Independent Directors
  2. Change in Chief Financial Officer
  3. Recommended final dividend of Rs. 4/- (40%) per equity share for FY 2025-26
  4. Dividend subject to shareholder approval at the Annual General Meeting
  5. Volatile Paper & Board market
  6. Challenging market conditions
  7. Cheaper imports from ASEAN countries
  8. Recent geo-political developments

Corporate Governance

  1. Several Independent Directors listed on the Board
  2. Nomination and Remuneration Committee determines KMP remuneration

Management Discussion & Analysis

Future Strategy

  1. Continuously focusing on increasing market share of higher realization products
  2. Introducing new premium products to improve profitability
  3. Taking mitigation measures for geo-political developments

Industry Overview

  1. Paper & Board market remained volatile throughout the year
  2. Challenging market conditions due to cheaper imports from ASEAN

Macroeconomic Outlook

  1. Recent geo-political developments are being closely monitored

Operational Focus Areas

  1. Increasing market share of higher realization products
  2. Developing new premium products

Performance Drivers

  1. Highest ever production and sale of Paper and Board since inception
  2. Board Unit achieved turnaround in profitability
  3. Focus on increasing market share of higher realization products
  4. Development of new premium products

Risk Control Measures

  1. Focusing on higher realization products
  2. New premium products to improve profitability
  3. Monitoring geo-political developments

Critical Risks

  1. Volatile Paper & Board market
  2. Challenging market conditions
  3. Cheaper imports from ASEAN countries
  4. Geo-political developments
Tamil Nadu Newsprint & Papers Ltd (TNPL) Quarterly Report Analysis & Insights | Dhanarthi