Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · B&A PACKAGING INDIA LIMITED · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
B&A PACKAGING INDIA LIMITED
BSE: 523186
BSE: 523186
Industrials › Capital Goods › Industrial Products › Packaging
B&A PACKAGING INDIA LIMITED
StateQ4 FY26 filed
Last close · 27 Oct 2026₹214.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA15.0 · 1.19 · 9.6
B&A PACKAGING INDIA LIMITED is a Industrial Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 128 | 132 | 129 | 131 | 142 |
| EBITDA (ex other income) | 16 | 16 | 16 | 14 | 12 |
| margin % | 12.3 | 12.1 | 12.5 | 10.9 | 8.4 |
| Owners' profit | 9 | 8 | 11 | 10 | 7 |
| EPS, as reported (₹) | 18.39 | 17.00 | 23.08 | 19.82 | 14.24 |
| ROE % · ROCE % | 16.4 · 25.2 | 13.3 · 22.0 | 15.5 · 20.0 | 11.9 · 16.5 | 7.9 · 10.3 |
| Debt / equity (x) | 0.23 | 0.17 | 0.04 | 0.02 | 0.21 |
| Cash from operations | 4 | 11 | 22 | 8 | (1) |
| Capex | (4) | (6) | (3) | (7) | (16) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · B&A PACKAGING INDIA LIMITED · 28 October 2026Page 2 of 3
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 | 34 | 36 | 32 | 29 | 35 | 41 | 33 | 33 |
| Profit before tax | 5 | 4 | 3 | 2 | 2 | 4 | 1 | 2 |
| Net profit | 3 | 3 | 2 | 1 | 2 | 3 | 1 | 1 |
| EPS (₹) | 6.96 | 6.03 | 4.14 | 2.69 | 3.47 | 6.40 | 2.24 | 2.13 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Paper Sacks | 87 | 61.4 |
| Flexible Laminates | 55 | 38.4 |
| Others | 0 | 0.1 |
| Others (unallocated) | 0 | 0.2 |
| Total, before eliminations | 142 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: 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 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.0 | 16.6 | 29 of 64 | 56% |
| P/B | 1.2 | 1.3 | 29 of 61 | 53% |
| ROCE | 9.6 | 6.9 | 29 of 68 | 58% |
| ROE | 7.9 | 6.8 | 28 of 61 | 55% |
| Debt / Equity | 0.2 | 0.4 | 21 of 61 | 67% |
| EBITDA margin | 8.9 | 12.1 | 43 of 62 | 31% |
| Revenue growth | 14.0 | 14.0 | 31 of 61 | 50% |
| Profit growth | (20.8) | 23.4 | 41 of 60 | 32% |
| Market cap | 107 | 113 | 39 of 73 | 47% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · B&A PACKAGING INDIA LIMITED · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · SEBI Regulation 74(5) compliance certificate for quarter ended Sep 2026 | compliance | minimal | — | — |
| 22 Sept 2026 · Update on Key Managerial Personnel authorized for materiality disclosures | compliance | minimal | — | — |
| 1 Sept 2026 · B&A Packaging India CFO Goutamanshu Mukhopadhyay ceases effective Aug 31, 2026 | management changes | high | — | — |
| 10 Aug 2026 · B&A Packaging Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 7 Aug 2026 · Q1 results, new Company Secretary and CFO appointed at B&A Packaging | management changes | medium | — | — |
| 7 Aug 2026 · B&A Packaging Q1 FY27 PAT up 40% YoY, revenue rises 20% on Paper Sacks growth | results | high | — | — |
| 7 Aug 2026 · Q1 FY27 revenue up 20% YoY, PAT up 40%; new CFO and CS appointed | results | high | — | — |
| 28 Jul 2026 · B&A Packaging board to consider Q1FY27 results on 7 August | results | low | — | — |
| 24 Jul 2026 · Company Secretary Anupam Ghosh resigns effective 24 July 2026 | management changes | medium | — | — |
| 24 Jul 2026 · B&A Packaging India 40th AGM: all 6 resolutions passed unanimously | compliance | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in