TGPL Packaging Rally 115% In 6 Months, Stock Hit 52-Week High, PAT More-Than-Doubled To Rs. 39.50 Cr

The share price of TGPL Packaging hit a fresh 52-week high today, on a healthy business outlook. The company is one of the leading producers of sustainable packaging solutions. In Q2 FY23, the company's consolidated revenues increased by 43% YoY to Rs. 361.7 crore, due to higher volumes and better realizations. The current market price of the company stood at Rs. 1,663.30/share on NSE, up by 17.33%, at the time of writing. Additionally, the stock became multibagger in the last 6 months.

TGPL Packaging has also seen stability in the key raw materials, leading to robust profitability. EBITDA gained by 60% YoY to Rs. 57.5 crore, and margins improved 165 bps at 15.9%. The company's consolidated PAT (profit after tax) more-than-doubled to Rs. 39.50 crore from Rs. 10.6 crore in the year-ago quarter.

In the last 1 month, the share of the stock gained by 32.89%. Its stock price gained by 115.01% in the last 6 months, and in the last 1 year this multibagger stock has gained by 232.86%. It is a small-cap stock with a market capitalization of Rs. 1,511 crore.

The 52-week high level of this stock is Rs. 1,695, and the 52-week low level of this stock is Rs. 486.

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