BSE: 526355
DUROPACK LTD.
Makes and sells industrial plastic products and is listed on BSE under Scrip Code 526355. The business recorded revenue from operations of Rs 5,005.80 lakhs in FY26, with the cost structure dominated by raw materials at 66.2% of revenue, followed by employee costs at 11.0% and other operating expenses at 13.0%. Depreciation accounted for 3.4% of revenue and capex ran at 5.6% of revenue. Quarterly trends showed recovery in H1 FY26 (revenue up about 25% year-on-year) and Q3 FY26 (revenue up about 21% year-on-year to Rs 1,044.13 lakhs), although expenses grew faster than sales in those quarters and compressed margins. Profit after tax for FY26 stood at Rs 184.80 lakhs on an EPS of Rs 0.51 per share, with EBITDA margin at 9.86% of revenue. The company is administered from New Delhi and led by Managing Director Vivek Jain and CFO Vineet Jain. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastic products - industrial. Small, materials-intensive industrial plastic products maker.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 31 | 32 | 33 | 40 |
| EBITDA (ex other income) | 2 | 3 | 3 | 3 | 4 |
| margin % | 7.6 | 9.2 | 9.3 | 9.7 | 9.7 |
| Owners' profit | 1 | 2 | 2 | 2 | 2 |
| EPS, as reported (₹) | 2.63 | 4.06 | 4.10 | 4.54 | 3.51 |
| ROE % · ROCE % | 9.7 · 12.7 | 14.2 · 18.2 | 11.7 · 14.9 | 11.8 · 14.8 | 8.3 · 11.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 5 | 2 | 1 | 3 |
| Capex | (2) | (1) | (1) | (8) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 9 | 9 | 8 | 11 | 10 | 11 | 11 |
| Profit before tax | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| EPS (₹) | 2.10 | 1.08 | 0.32 | 0.75 | 0.95 | 0.87 | 0.93 | 1.22 |
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. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 41,024 | 39.5 | 6.65 | 25.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 36,600 | 63.5 | 9.02 | 33.0 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,621 | 42.9 | 6.26 | 33.0 | 12.7 | 16.4 | 16.5 | 30.3 |
| KINGFA SCI & TEC IND LTD. | 9,296 | 41.2 | 6.64 | — | 13.2 | 17.7 | — | 16.9 |
| FINOLEX INDUSTRIES LTD | 8,740 | 14.2 | 1.41 | 10.3 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,001 | 15.7 | 1.92 | 9.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| PRINCE PIPES FITTINGS LTD | 2,861 | 28.0 | 1.74 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,122 | — | 2.38 | 28.1 | 0.5 | 1.0 | — | 1.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.1 | 14.4 | 25 of 46 | 47% |
| P/B | 1.4 | 1.6 | 18 of 42 | 56% |
| ROCE | 11.0 | 7.0 | 21 of 56 | 64% |
| ROE | 8.3 | 7.6 | 21 of 45 | 55% |
| Debt / Equity | 0.0 | 0.2 | 1 of 45 | 82% |
| EBITDA margin | 10.2 | 11.6 | 26 of 43 | 41% |
| Revenue growth | 37.4 | 10.6 | 11 of 49 | 79% |
| Profit growth | 63.4 | 20.7 | 14 of 47 | 72% |
| Market cap | 32 | 126 | 42 of 55 | 24% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 29 Sept 2026 · 38th AGM: All resolutions passed with over 99.99 percent approval | compliance | minimal | — | — |
| 29 Sept 2026 · 38th AGM of Duropack Limited held on September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window Closure for Q2 FY27 Results | compliance | minimal | — | — |
| 5 Sept 2026 · Notice of 38th AGM, E-voting and Book Closure - Newspaper Publication | compliance | minimal | — | — |
| 4 Sept 2026 · Duro Pack: Books closed Sep 22-29 for 38th AGM | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Duropack submits 38th Annual Report for FY 2025-26; AGM Sep 29 | compliance | low | — | — |
| 4 Sept 2026 · Duro Pack 38th AGM Notice - Sept 29, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Intimation of 38th AGM scheduled for 29 September 2026 at 11 AM | compliance | minimal | — | — |
| 2 Sept 2026 · Duropack board reappoints internal auditor for FY 2026-27 | management changes | low | — | — |
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.