Manufactures polymer-based packaging products including FIBC jumbo bags, BOPP films, BOPET films and flexible packaging. FY26 consolidated net sales stood at Rs 455.54 crore with net profit of Rs 7.89 crore and an EBITDA margin of 9.32%. Exports dominate the revenue mix: export sales reached Rs 343.17 crore in FY26, up 27.84% year-on-year, even as industry-wide exports in BOPP, BOPET and flexible packaging contracted 20-40%. The product range includes PPWR-ready packaging and a Reclaim 30 line in which approximately 20% of raw materials are sourced from post-consumer and post-industrial polymer waste. Polymer raw materials are the largest cost at 59.1% of revenue, followed by other operating expenses at 21.7% and employee costs at 11.2%. The business operates from India with a wholly-owned Singapore subsidiary, Zastian PTE. LTD., and a step-down European subsidiary, Zastian Europe GmbH; a planned UAE subsidiary (Zastian FZ-LLC) for FIBC jumbo bag manufacturing was cancelled after US tariffs were removed. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. FIBC Jumbo Bags, BOPP films, BOPET films, Flexible packaging, PPWR-ready products, Reclaim 30 brand. Polymer packaging manufacturer with an export-heavy product mix
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 404 | 456 |
| EBITDA (ex other income) | 38 | 42 |
| margin % | 9.5 | 9.3 |
| Owners' profit | 6 | 8 |
| EPS, as reported (₹) | 3.46 | 4.10 |
| ROE % · ROCE % | 3.3 · 11.1 | 4.0 · 11.5 |
| Debt / equity (x) | 0.86 | 0.89 |
| Cash from operations | 25 | 9 |
| Capex | (19) | (12) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 103 | 108 | 104 | 122 | 112 | 117 | 116 |
| Profit before tax | 2 | 2 | 2 | 2 | 4 | 2 | 3 | 3 |
| Net profit | 2 | 2 | 1 | 1 | 3 | 1 | 2 | 2 |
| EPS (₹) | 0.89 | 0.95 | 0.82 | 0.77 | 1.49 | 0.58 | 1.26 | 1.18 |
| 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 % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper publication of corrigendum to 32nd AGM notice | compliance | minimal | — | — |
| 7 Sept 2026 · Emmbi Industries issues corrigendum to AGM Notice and Annual Report | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · Emmbi Industries issues corrigendum to 32nd AGM Notice and Annual Report | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Notice of 32nd AGM published in newspapers | compliance | minimal | — | — |
| 28 Aug 2026 · Emmbi sends 32nd AGM notice and FY26 annual report web link to shareholders | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Book Closure for 32nd AGM from 17 to 23 Sept 2026 | compliance | low | — | — |
| 28 Aug 2026 · Annual Report FY26: Revenue up 12% to Rs 530.52 Cr, PAT rises 22.7% | results | high | — | — |
| 28 Aug 2026 · 32nd AGM on Sep 23, 2026; Rs 0.30 per share dividend proposed | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Emmbi Industries announces 32nd AGM on Sept 23, 2026; record date Sept 16 for dividend | corporate actions | high | — | — |
| 19 Aug 2026 · Record date fixed at 16-Sep-2026 for dividend; 32nd AGM on 23-Sep-2026 | corporate actions | medium | — | — |
| 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) | 19.7 | 17.6 | 41 of 69 | 41% |
| P/B | 0.9 | 1.4 | 19 of 61 | 70% |
| ROCE | 4.3 | 7.3 | 43 of 71 | 40% |
| ROE | 4.0 | 6.8 | 37 of 66 | 45% |
| Debt / Equity | 0.9 | 0.3 | 53 of 66 | 20% |
| EBITDA margin | 9.2 | 12.1 | 41 of 62 | 34% |
| Revenue growth | 11.2 | 14.0 | 36 of 61 | 40% |
| Profit growth | 53.7 | 23.4 | 23 of 60 | 63% |
| Market cap | 171 | 131 | 34 of 73 | 54% |
| 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.
