Any current/future new fundraising through debt or equity?

There is no proposal for a buyback of shares this year as the company needs funds for regular maintenance CAPEX, new projects, and loan repayments. The company plans to repay around Rs. 400 crores of loans on earlier projects during the current year. Capital expenditure of about Rs. 50 crores is planned for normal CAPEX. A significant investment of around Rs. 875 crores is planned for the Mill Expansion Plan (MEP) Unit II pulp mill expansion. Due to these huge funding requirements combined with cash flow pressures from the Covid-19 outbreak, the company is conserving funds and not paying inter

Any current/future capex/capital investment/strategic investment?

The company has a Mill Expansion Plan (MEP) in Unit II to increase mill capacity from 200,000 MT to 365,000 MT per annum of Multilayer Coated Paper Board. This includes installation of a state-of-the-art Paper Machine with 165,000 MT per annum capacity and a 400 tons per day chemical hardwood pulp mill with chemical recovery boiler and wastewater treatment plant. Total capital outlay for this expansion is Rs. 2,520 crores. Overall paper and packaging board production capacity post-expansion will increase to 765,000 MT per annum from the current 600,000 MT. The company plans to spend about Rs.

Future growth expectations in sales/revenue/volumes?

Per capita paper consumption in India is expected to rise from 14 kgs to 17 kgs by 2024-25, indicating growth potential. Increased use of packaging board in the pharma industry due to the plastic ban and rise in e-commerce home deliveries. Growth in packaging boards estimated at 10-12% per annum, with strong demand from pharma, FMCG, and e-commerce sectors. Printing and writing paper demand expected to recover as schools, colleges, and offices resume normal operations post-Covid-19. Digitalization and growing literacy rates contribute to long-term demand growth, despite short-term Covid impact

Future growth expectations in earnings/operating earnings/profits/EPS?

Covid-19 severely impacted printing and writing paper demand, with order flows dipping from 1.20 lakh MT (2018-19) to 41,000 MT in peak pandemic period, but packaging boards and cement sales remained resilient. Packaging board demand expected to grow at 10-12% annually driven by pharma industry, e-commerce growth, and ban on single-use plastics. Per capita paper consumption in India projected to rise from 14 kgs to 17 kgs by 2024-25, indicating growth potential. Capacity expansion underway: Mill Expansion Plan in Unit II will increase production capacity from 6,00,000 MT to 7,65,000 MT per ann

Current/ Expected Orderbook/ Pending Orders?

During the peak Covid-19 period from April to August, order flow for printing and writing paper dipped significantly. Order quantities comparison: - April-August 2018-19: 1.20 lakh metric tonnes - April-August 2019-20: 83,000 metric tonnes - April-August 2020-21: 41,000 metric tonnes Printing and writing paper segment severely impacted, while paperboard and cement sales were relatively stable. Demand for cut size papers is expected to normalize faster than other sectors due to printing needs during the pandemic. Packaging board demand sustained and expected to grow, especially in

Tamil Nadu Newsprint & Papers LtdQ1 FY21Paper, Forest & Jute Products

Tamil Nadu Newsprint & Papers Ltd Q1 FY21 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹128.09P/E: 3.4Market Cap: ₹886 CrSector: Paper, Forest & Jute Products

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

Capex

Yes

2 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 3

Per capita paper consumption in India is expected to rise from 14 kgs to 17 kgs by 2024-25, indicating growth potential.
Increased use of packaging board in the pharma industry due to the plastic ban and rise in e-commerce home deliveries.
Growth in packaging boards estimated at 10-12% per annum, with strong demand from pharma, FMCG, and e-commerce sectors.
Printing and writing paper demand expected to recover as schools, colleges, and offices resume normal operations post-Covid-19.
Digitalization and growing literacy rates contribute to long-term demand growth, despite short-term Covid impacts.
Expansion projects (MEP Unit II) will increase production capacity from 6,00,000 MT to 7,65,000 MT annually, driving volume growth.
Optimism that fading Covid-19 pandemic will lead to normalization and trigger volume and revenue growth.

Margin guidance

Category 3

Covid-19 severely impacted printing and writing paper demand, with order flows dipping from 1.20 lakh MT (2018-19) to 41,000 MT in peak pandemic period, but packaging boards and cement sales remained resilient.
Packaging board demand expected to grow at 10-12% annually driven by pharma industry, e-commerce growth, and ban on single-use plastics.
Per capita paper consumption in India projected to rise from 14 kgs to 17 kgs by 2024-25, indicating growth potential.
Capacity expansion underway: Mill Expansion Plan in Unit II will increase production capacity from 6,00,000 MT to 7,65,000 MT per annum, including a 400 tpd chemical pulp mill and 30 MW power plant.
The company anticipates recovery in printing/writing paper demand with reopening of schools, colleges, and corporate activities.
Despite challenges, management remains positive on volume growth as economic activities normalize post-pandemic.
Large ongoing capital expenditures (~Rs. 875 crores for expansion) and loan repayments constrain interim dividends and share buybacks, focusing resources on growth.

See what Tamil Nadu Newsprint & Papers Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

There is no proposal for a buyback of shares this year as the company needs funds for regular maintenance CAPEX, new projects, and loan repayments.
The company plans to repay around Rs. 400 crores of loans on earlier projects during the current year.
Capital expenditure of about Rs. 50 crores is planned for normal CAPEX.
A significant investment of around Rs. 875 crores is planned for the Mill Expansion Plan (MEP) Unit II pulp mill expansion.
Due to these huge funding requirements combined with cash flow pressures from the Covid-19 outbreak, the company is conserving funds and not paying interim dividends.
No requests or plans for bonus shares or equity fundraising have been indicated.
Overall, the company is focusing on managing existing debt and funding expansion through internal accruals and loan repayments without announcing fresh equity or debt fundraising.

Order book

During the peak Covid-19 period from April to August, order flow for printing and writing paper dipped significantly.
Order quantities comparison:
- April-August 2018-19: 1.20 lakh metric tonnes
- April-August 2019-20: 83,000 metric tonnes
- April-August 2020-21: 41,000 metric tonnes
Printing and writing paper segment severely impacted, while paperboard and cement sales were relatively stable.
Demand for cut size papers is expected to normalize faster than other sectors due to printing needs during the pandemic.
Packaging board demand sustained and expected to grow, especially in pharma industry and via e-commerce channels.
Per capita paper consumption in India, currently at 14 kgs, is expected to increase to 17 kgs by 2024-25, indicating growth potential.

See what Tamil Nadu Newsprint & Papers Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The company has a Mill Expansion Plan (MEP) in Unit II to increase mill capacity from 200,000 MT to 365,000 MT per annum of Multilayer Coated Paper Board.
This includes installation of a state-of-the-art Paper Machine with 165,000 MT per annum capacity and a 400 tons per day chemical hardwood pulp mill with chemical recovery boiler and wastewater treatment plant.
Total capital outlay for this expansion is Rs. 2,520 crores.
Overall paper and packaging board production capacity post-expansion will increase to 765,000 MT per annum from the current 600,000 MT.
The company plans to spend about Rs. 875 crores for MEP Unit II pulp mill expansion.
Around Rs. 50 crores are planned for normal capex (maintenance and upgrades).
The company has significant loan repayment obligations (~Rs. 400 crores) in the current year, impacting available funds for buybacks or dividends.

Track Tamil Nadu Newsprint & Papers Ltd — get its next earnings analysis in your feed

How does Tamil Nadu Newsprint & Papers Ltd rank vs peers in Paper, Forest & Jute Products?

Pro feature

ThisTamil Nadu Newsprint & Papers Ltd

Rev 3Mar 3

See where Tamil Nadu Newsprint & Papers Ltd sits in Paper, Forest & Jute ProductsSee which companies these are, and every other name in the sector.Open rankings

How does Tamil Nadu Newsprint & Papers Ltd rank in Paper, Forest & Jute Products?

Compare Tamil Nadu Newsprint & Papers Ltd against every Paper, Forest & Jute Products company (Q1 FY21) on revenue, margins and earnings-call signals.

View Paper, Forest & Jute Products leaderboard →

What Tamil Nadu Newsprint & Papers Ltd's management said in earlier quarters

Others in Paper, Forest & Jute Products this season

Malu Paper (Q2 FY27)
26% EBITDA margin. Key results statement takeaways from Malu Paper Mills Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
Andhra Paper (Q2 FY27)
Revenue from operations for the quarter ended September 30, 2026: ₹42,606.88 lakhs . Key results statement takeaways from Andhra Paper Ltd's Q2 FY27 results sta
Pudumjee Paper Products Ltd (Q2 FY27)
2,017 lakhs increase (~9.7%) . Key results statement takeaways from Pudumjee Paper Products Ltd's Q2 FY27 results statement — and how it ranks against sector pe
Emami Paper Mills Ltd (Q2 FY27)
Revenue from operations for the quarter ended 30th September 2026 was ₹589.78 Crore, up from ₹450.61 Crore in the same quarter of FY 2025, indicating a…

Compare:vs West Coast Paper Mills Ltd vs Andhra Paper vs Seshasayee Paper & Boards Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Tamil Nadu Newsprint & Papers Ltd Q1 FY21 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Tamil Nadu Newsprint & Papers Ltd rank in Paper, Forest & Jute Products?

Continue your research

What Tamil Nadu Newsprint & Papers Ltd's management said in earlier quarters

Others in Paper, Forest & Jute Products this season