BSE: 544412
3B FILMS LIMITED
Operates in the packaging industry with manufacturing based at a factory in Padra, Vadodara, Gujarat. FY26 revenue stood at Rs 60.013 crore, with materials forming the largest input cost at 63.3% of revenue, followed by other operating expenses at 13.9% and depreciation at 9.9%. The firm is expanding through a proposed acquisition of 99.99% of 3B Flexipacks Private Limited, a promoter-group packaging entity, for Rs 26.03 crore via share swap, intended to vertically integrate the packaging manufacturing chain. The board has also approved plans to enter agro, agri, and food processing — covering manufacturing, trading, import, export and sale of spices, grains, oil seeds, vegetables, herbs, pickles and related items — and to incorporate a wholly-owned subsidiary in the UAE, both subject to shareholder approvals. The company listed on the BSE SME platform in June 2025 via a Rs 33.75 crore IPO and has since announced a rights issue of up to Rs 100 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaging manufacturing, Agro, agri and food processing. Manufacturing packaging business with recent BSE SME listing and multiple expansion plans underway
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 85 | 60 |
| EBITDA (ex other income) | — | 11 |
| margin % | — | 18.3 |
| Owners' profit | — | 2 |
| EPS, as reported (₹) | 2.42 | 2.38 |
| ROE % · ROCE % | — · 11.1 | 3.5 · 5.6 |
| Debt / equity (x) | — | 1.89 |
| Cash from operations | 15 | (2) |
| Capex | (6) | (7) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 39 | 26 | 34 |
| Profit before tax | 2 | (1) | 3 |
| Net profit | — | (1) | 3 |
| EPS (₹) | 0.96 | 0.96 | 0.96 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,122 | 14.6 | 2.48 | 7.8 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,672 | 12.9 | 1.94 | 7.1 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,177 | 6.1 | 0.51 | 6.6 | 3.9 | 2.7 | 11.6 | 17.1 |
| TCPL PACKAGING LIMITED | 3,700 | 32.0 | 5.15 | 14.0 | 13.6 | 13.0 | 15.4 | 17.8 |
| JINDAL POLY FILMS LIMITED | 2,999 | 146.7 | 0.74 | 10.1 | 0.6 | 0.8 | 8.5 | 23.0 |
| POLYPLEX CORPORATION LTD | 2,900 | 18.7 | 0.41 | 8.0 | 0.6 | 0.3 | 7.6 | 14.3 |
| XPRO INDIA LIMITED | 2,359 | 71.4 | 2.95 | 51.2 | 2.4 | 2.8 | 6.2 | 11.4 |
| COSMO FIRST LIMITED | 1,940 | 11.5 | 1.20 | 7.3 | 9.6 | 6.4 | 9.8 | 12.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.5 | 16.6 | 7 of 64 | 91% |
| P/B | 0.6 | 1.3 | 11 of 61 | 83% |
| ROCE | 1.7 | 6.9 | 55 of 68 | 19% |
| ROE | 3.5 | 6.8 | 40 of 61 | 35% |
| Debt / Equity | 1.9 | 0.4 | 58 of 61 | 5% |
| EBITDA margin | 24.4 | 12.1 | 7 of 62 | 90% |
| Market cap | 32 | 113 | 52 of 73 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine Filing of SEBI Reg 74(5) Compliance Certificate | compliance | minimal | — | — |
| 9 Oct 2026 · Non-applicability of Corporate Governance report for Sep 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · 3B Films appoints Mr. Raju Dubey as Non-Executive Independent Director | management changes | medium | — | — |
| 6 Oct 2026 · 3B Films appoints Raju Dubey as Non-Executive Independent Director | management changes | medium | — | — |
| 6 Oct 2026 · Appointment of new Independent Director | management changes | medium | — | — |
| 28 Sept 2026 · Trading window closure for H1 FY26 results | compliance | minimal | — | — |
| 22 Sept 2026 · 3B Films appoints Varsha Rajputh as Company Secretary and Compliance Officer | management changes | medium | — | — |
| 22 Sept 2026 · 3B Films board appoints Independent Director and Company Secretary | board shareholder meetings | low | — | — |
| 12 Sept 2026 · Clarification on share price movement to BSE query | regulatory legal | medium | — | — |
| 11 Sept 2026 · BSE seeks clarification from 3B Films on sharp price movement | regulatory legal | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.