Makes triplewall containers, a heavy-duty form of corrugated packaging used in industrial and shipping applications. It also operates a subsidiary, B&B Colour Cartons Private Limited, which is consolidated into its results and adds to the packaging business. FY26 consolidated revenue was Rs 616.35 crore, with an EBITDA margin of 14.89% and net profit of Rs 19.70 crore. The biggest cost line is raw materials at 60.1% of revenue, followed by other operating expenses at 18.1%, with employees and depreciation each at 6.9% of revenue. Capex ran at 1.3% of revenue. The company is also taking a small 1.30% equity stake in KRV Renewable Energies Private Limited for Rs 32,500 in cash, solely to satisfy Karnataka rules requiring equity ownership before entering into a Power Purchase Agreement for captive solar power, intended to bring down electricity costs relative to grid supply. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Triplewall containers (packaging), Colour cartons (via subsidiary). Asset-light packaging manufacturer with paper/board as its dominant input.
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 337 | 375 | 492 | 616 |
| EBITDA (ex other income) | 38 | 39 | 40 | 91 |
| margin % | 11.4 | 10.5 | 8.1 | 14.7 |
| Owners' profit | 18 | 18 | (6) | 21 |
| EPS, as reported (₹) | 8.83 | 8.54 | (2.70) | 10.06 |
| ROE % · ROCE % | 17.3 · 16.2 | 14.2 · 12.3 | (5.5) · 4.0 | 15.1 · 19.4 |
| Debt / equity (x) | 1.25 | 1.58 | 2.05 | 1.77 |
| Cash from operations | (4) | 57 | 23 | 30 |
| Capex | (69) | (108) | (39) | (8) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 121 | 123 | 142 | 152 | 146 | 155 | 162 | 180 |
| Profit before tax | 0 | (9) | (3) | 2 | 6 | 7 | 12 | 19 |
| Net profit | 0 | (7) | (2) | 2 | 4 | 5 | 9 | 14 |
| EPS (₹) | 0.45 | (12.89) | (3.57) | 3.79 | 9.10 | 9.64 | 17.72 | 28.44 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,674 | 15.7 | 2.68 | 8.3 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,730 | 6.9 | 0.58 | 6.9 | 3.9 | 2.7 | 11.6 | 17.1 |
| POLYPLEX CORPORATION LTD | 3,541 | 22.8 | 0.50 | 9.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · General Manager Unit-1 resigns citing personal reasons | management changes | medium | — | — |
| 10 Sept 2026 · General Manager resigns due to personal reasons | management changes | medium | — | — |
| 9 Sept 2026 · TDS communication on final dividend of Rs 1 per share for FY 2025-26 | general | low | — | — |
| 7 Sept 2026 · B&B Triplewall to divest 27% stake in Sharvesh Power Projects | strategic transactions | medium | — | — |
| 7 Sept 2026 · Record date fixed for FY26 final dividend entitlement | corporate actions | high | — | — |
| 6 Sept 2026 · Newspaper ad confirms 15th AGM notice dispatch; meeting on Sep 30, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · 15th AGM notice sent to shareholders without registered email | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Annual Report FY26 and 15th AGM notice weblink sent to shareholders | compliance | minimal | — | — |
| 5 Sept 2026 · B&B Triplewall 15th AGM on Sept 30, 2026 along with FY26 Annual Report | board shareholder meetings | low | — | — |
| 5 Sept 2026 · B&B Triplewall FY26 Annual Report: Revenue up 25%, turns profitable | results | high | — | — |
| 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 |
| TCPL PACKAGING LIMITED |
| 3,515 |
| 30.4 |
| 4.89 |
| 13.4 |
| 13.6 |
| 13.0 |
| 15.4 |
| 17.8 |
| XPRO INDIA LIMITED | 3,028 | 91.7 | 3.79 | 64.6 | 2.4 | 2.8 | 6.2 | 11.4 |
| JINDAL POLY FILMS LIMITED | 2,936 | 143.6 | 0.72 | 10.0 | 0.6 | 0.8 | 8.5 | 23.0 |
| COSMO FIRST LIMITED | 2,294 | 13.6 | 1.42 | 8.0 | 9.6 | 6.4 | 9.8 | 12.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.5 | 17.6 | 4 of 69 | 96% |
| P/B | 3.6 | 1.4 | 52 of 61 | 15% |
| ROCE | 10.4 | 7.3 | 26 of 71 | 64% |
| ROE | 15.1 | 6.8 | 8 of 66 | 89% |
| Debt / Equity | 1.8 | 0.3 | 62 of 66 | 6% |
| EBITDA margin | 18.8 | 12.1 | 13 of 62 | 80% |
| Revenue growth | 18.5 | 14.0 | 25 of 61 | 60% |
| Profit growth | 727.7 | 23.4 | 4 of 60 | 95% |
| Market cap | 466 | 131 | 24 of 73 | 68% |
| 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 |
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