Stock of this smallcap packaging company has zoomed 130% so far in 2022

TCPL is well positioned to cater to the growing demand for sustainable packaging solutions from leading brands and continues to support efforts towards facilitating a waste-free world.

Shares of TCPL Packaging hit a record high of Rs 1,191.55 and rallied 14 per cent on the BSE in Thursday’s intra-day trade after the company reported robust earnings for the quarter ended June 2022 (Q1FY23). The stock of this smallcap packaging company has surpassed its previous high of Rs 1,107.20 that it had touched on July 25, 2022.

On a year-on-year (YoY) basis, the company’s standalone revenues grew 48.4 per cent to Rs 335.5 crore and cash profits improved 105.6 per cent to Rs 46.9 crore in Q1FY23. Earnings before interest, taxes, depreciation, and amortization (ebitda) margins, meanwhile,