Manufactures synthetic bags and technical textiles used in industrial packaging. The manufacturing segment generated Rs 381.24 crore in FY26, or 99.3% of segment revenue, with the remaining 0.7% (Rs 2.75 crore) coming from a small 'other' segment. Operations are based at Indore SEZ, Pithampur in Madhya Pradesh, where the existing manufacturing capacity of 24,530 MTPA was running at about 91% utilization before a 1,500 MTPA expansion at the Techtex unit, which commenced commercial production on 22 July 2026. The expansion was funded through internal accruals, share capital and borrowings, with Rs 5 crore invested in the Techtex unit. The company is also expanding through a wholly-owned subsidiary Comsyn India Private Limited and a step-down subsidiary Comsyn International. Raw materials are the largest cost at 49.5% of revenue, followed by employees at 16.9% and other operating expenses at 18.6%, with capex at 10.4% of revenue. FY26 standalone revenue stood at Rs 387.00 crore with an EBITDA margin of 13.08%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing (Segment A) (99%), Other segment (Segment B) (1%). Asset-heavy industrial packaging manufacturer with ongoing capacity expansion
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 323 | 290 | 288 | 348 | 387 |
| EBITDA (ex other income) | 34 | 24 | 27 | 36 | 48 |
| margin % | 10.4 | 8.1 | 9.3 | 10.2 | 12.4 |
| Owners' profit | 0 | 0 | 0 | 0 | 26 |
| EPS, as reported (₹) | 15.48 | 2.08 | 3.94 | 4.29 | 6.59 |
| ROE % · ROCE % | 17.3 · 19.1 | 6.7 · 9.4 | 6.1 · 11.0 | 11.4 · 16.6 | 14.8 · 18.2 |
| Debt / equity (x) | 0.79 | 0.63 | 0.78 | 0.71 | 0.68 |
| Cash from operations | 6 | 38 | 6 | 1 | 39 |
| Capex | (18) | (43) | (12) | (9) | (40) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 87 | 86 | 98 | 91 | 98 | 97 | 101 | 109 |
| Profit before tax | 4 | 4 | 11 | 7 | 9 | 7 | 8 | 12 |
| Net profit | 4 | 4 | 8 | 6 | 8 | 6 | 6 | 9 |
| EPS (₹) | 0.90 | 0.88 | 2.02 | 1.39 | 2.11 | 1.50 | 1.59 | 2.21 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Segment -A Manufacturing | 384 | 99.3 |
| Segment-B other Segment | 3 | 0.7 |
| Total, before eliminations | 387 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · 42nd AGM on Sep 29; Rs 0.50 dividend; e-dispatch of FY26 Annual Report | compliance | minimal | — | — |
| 7 Sept 2026 · 42nd AGM on 29 September; Rs 0.50 dividend declared for FY26 | compliance | minimal | — | — |
| 7 Sept 2026 · 42nd AGM on Sep 29; FY26 consol revenue up 11%, PAT up 54% | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 42nd AGM Notice on 29 Sep - Dividend, Warrants to Promoters, Director Re-appointment | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Record date 22 Sep 2026 for Rs 0.50 dividend, AGM on 29 Sep 2026 | corporate actions | medium | — | — |
| 5 Sept 2026 · Remote e-voting facility announced for 42nd AGM on 29 Sep 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Record date 22 Sep 2026 for Rs 0.50 dividend | corporate actions | medium | — | — |
| 5 Sept 2026 · Final Dividend of Rs 0.50 per share recommended for FY 2025-26 | corporate actions | medium | — | — |
| 5 Sept 2026 · Board approves re-appointment of CMD and Whole-time Director | management changes | medium | — | — |
| 5 Sept 2026 · Board approves Rs 0.50 dividend, promoter warrants, director re-appointments | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 |
| 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) | 40.2 | 17.6 | 55 of 69 | 21% |
| P/B | 6.8 | 1.4 | 59 of 61 | 3% |
| ROCE | 14.0 | 7.3 | 16 of 71 | 79% |
| ROE | 14.8 | 6.8 | 9 of 66 | 88% |
| Debt / Equity | 0.7 | 0.3 | 46 of 66 | 31% |
| EBITDA margin | 15.1 | 12.1 | 23 of 62 | 64% |
| Revenue growth | 20.6 | 14.0 | 22 of 61 | 65% |
| Profit growth | 60.8 | 23.4 | 22 of 60 | 64% |
| Market cap | 1201 | 131 | 12 of 73 | 85% |
| 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.
