Manufactures and sells packaging products from its base in Saharanpur, Uttar Pradesh, and is listed on the BSE SME platform (Scrip Code 543435). FY26 revenue from operations was ₹14.00 crore, up 29.9% from the prior year, with the second half alone (H2 FY26) contributing ₹912.71 lakhs. The cost structure is dominated by raw materials at ₹17.00 crore (121.4% of revenue), with employee costs at ₹0.49 crore (3.5%) and other operating expenses at ₹0.44 crore (3.2%); capital expenditure for the year was ₹2.10 crore (15% of revenue). Despite the revenue growth, profit after tax declined 9.5% to ₹180.05 lakhs from ₹199.03 lakhs in FY25, with basic EPS slipping from ₹0.91 to ₹0.74. Operating cash flow was negative at ₹-619.28 lakhs, driven by an ₹829 lakhs increase in inventories and higher trade receivables. During the year, the company raised ₹1,250 lakhs in equity capital and received ₹359.38 lakhs from share warrants, taking total equity to ₹6,064.65 lakhs as of March 31, 2026. The auditor (Jay Gupta & Associates) issued an unmodified opinion on the FY26 results. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Packaging products. Small-cap, BSE SME-listed packaging manufacturer; working-capital-heavy
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 11 | 13 | 11 | 14 |
| EBITDA (ex other income) | — | — | 6 | — | — |
| margin % | — | — | 50.2 | — | — |
| Owners' profit | — | — | 4 | — | — |
| EPS, as reported (₹) | 8.98 | 15.90 | 11.13 | 0.91 | 0.74 |
| ROE % · ROCE % | — · 26.4 | — · 57.7 | 10.2 · 14.8 | — · 7.0 | — · 4.1 |
| Debt / equity (x) | — | — | 0.04 | — | — |
| Cash from operations | (4) | (3) | (19) | 4 | (6) |
| Capex | — | — | (5) | (1) | (2) |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 6 | 4 | 8 | 3 | 8 | 5 | 9 |
| Profit before tax | 3 | 3 | 2 | 4 | 1 | 2 | 1 | 2 |
| Net profit | — | — | 2 | 2 | — | — | — | — |
| EPS (₹) | 8.21 | 7.69 | 6.12 | 5.01 | 0.34 | 0.57 | 0.29 | 0.49 |
| 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 % |
|---|---|---|---|---|
| 7 Sept 2026 · 5th AGM scheduled for 29 September 2026 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Clara Industries submits Secretarial Compliance Report for FY26 | compliance | minimal | — | — |
| 15 Jul 2026 · Quarterly compliance certificate under SEBI Regulation 74(5) for June 2026 quarter | compliance | minimal | — | — |
| 4 Jun 2026 · . | compliance | minimal | — | — |
| 30 May 2026 · . | results | high | — | — |
| 30 May 2026 · . | results | high | — | — |
| 29 May 2026 · Clara Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve . | results | medium | — | — |
| 26 May 2026 · Clara Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve .. | results | low | — | — |
| 30 Apr 2026 · <b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> .... | compliance | minimal | — | — |
| 30 Apr 2026 · . | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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) | 19.5 | 17.6 | 40 of 69 | 43% |
| ROCE | 4.0 | 7.3 | 44 of 71 | 39% |
| Revenue growth | 11.2 | 14.0 | 36 of 61 | 40% |
| Market cap | 85 | 131 | 44 of 73 | 40% |
| 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 |
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.
