BSE: 506979
APT PACKAGING LTD.
Makes packaging products and is listed on the BSE. In FY26 the company posted total income of Rs. 22.50 crore, with materials the largest cost line at 44.3% of revenue, followed by other operating expenses at 29.1% and employee costs at 12.0%. In May 2025 it raised Rs. 19.65 crore through a preferential allotment, of which Rs. 14.39 crore was used to repay debt and the balance for working capital and expansion, while capex ran at 17.1% of revenue in FY26. EBITDA margin stood at 14.57% in FY26 on total assets of Rs. 26.18 crore. Q1 FY27 (April-June 2026) standalone revenue came in at Rs. 10.74 crore. The fact pack does not specify the type of packaging products made, customer segments, plant count or installed capacity. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaging products. Small-cap, BSE-only listed packaging manufacturer; capital expenditure of 17.1% of revenue in FY26 indicates ongoing asset build-out
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 13 | 14 | 13 | 14 | 23 |
| EBITDA (ex other income) | — | 1 | (2) | 1 | 3 |
| margin % | — | 4.7 | (13.8) | 8.7 | 13.0 |
| Owners' profit | — | (1) | (3) | 0 | 2 |
| EPS, as reported (₹) | (5.42) | (2.13) | 0.96 | 0.68 | 1.46 |
| ROE % · ROCE % | — · (0.1) | 43.3 · 8.1 | 50.3 · (13.0) | (6.6) · 93.7 | 9.7 · 10.0 |
| Debt / equity (x) | — | (7.72) | (4.28) | (5.02) | 0.39 |
| Cash from operations | 3 | 0 | (1) | 0 | 1 |
| Capex | — | (0) | (1) | (2) | (4) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 7 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| EPS (₹) | 0.99 | 0.10 | 0.04 | 0.28 | 0.01 | 0.37 | 0.39 | 0.62 |
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 | 7,409 | 15.2 | 2.58 | 8.1 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,965 | 13.7 | 2.06 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,463 | 6.5 | 0.55 | 6.8 | 3.9 | 2.7 | 11.6 | 17.1 |
| TCPL PACKAGING LIMITED | 3,892 | 33.7 | 5.42 | 14.7 | 13.6 | 13.0 | 15.4 | 17.8 |
| POLYPLEX CORPORATION LTD | 3,134 | 20.2 | 0.45 | 8.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| JINDAL POLY FILMS LIMITED | 2,861 | 139.9 | 0.70 | 9.9 | 0.6 | 0.8 | 8.5 | 23.0 |
| XPRO INDIA LIMITED | 2,558 | 77.5 | 3.20 | 55.2 | 2.4 | 2.8 | 6.2 | 11.4 |
| COSMO FIRST LIMITED | 2,136 | 12.6 | 1.32 | 7.7 | 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) | 50.3 | 16.5 | 53 of 64 | 18% |
| P/B | 5.2 | 1.5 | 55 of 61 | 10% |
| ROCE | 7.9 | 6.9 | 32 of 68 | 54% |
| ROE | 9.7 | 6.8 | 22 of 61 | 65% |
| Debt / Equity | 0.4 | 0.4 | 30 of 61 | 52% |
| EBITDA margin | 17.7 | 12.1 | 16 of 62 | 75% |
| Revenue growth | 49.3 | 14.0 | 5 of 61 | 93% |
| Profit growth | 1868.1 | 23.4 | 2 of 60 | 98% |
| Market cap | 86 | 132 | 43 of 73 | 42% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Sept 2026 · Trading window closed from 1 Oct 2026 for Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · 46th AGM held; 4 resolutions passed including related party deal | board shareholder meetings | medium | — | — |
| 21 Sept 2026 · APT Packaging 46th AGM proceedings - four resolutions voted on | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Book Closure from 17 Sep to 21 Sep for 46th AGM | board shareholder meetings | low | — | — |
| 27 Aug 2026 · APT Packaging fixes 46th AGM on 21 Sept 2026, e-voting from 14 Sept | board shareholder meetings | low | — | — |
| 27 Aug 2026 · APT Packaging 46th AGM on 21 Sep 2026; related party borrowing resolution | board shareholder meetings | low | — | — |
| 27 Aug 2026 · 46th AGM on 21 Sept 2026; related party borrowing of 50 lakh needs approval | board shareholder meetings | low | — | — |
| 25 Aug 2026 · APT Packaging clarifies price movement to BSE; cites strong Q1 results | regulatory legal | medium | — | — |
| 27 Jul 2026 · Q1 FY27 results: revenue over 2x YoY, profit jumps, auditor flags repeated qualification | results | high | — | — |
| 27 Jul 2026 · Q1FY27 results: Revenue up 126% YoY to Rs 10.74 cr, PAT at Rs 1.82 cr | results | high | — | — |
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.