Makes laminated tubes for consumer packaging, supplied mainly to Beauty & Cosmetics and Oral Care brands across four regions: AMESA (32.4% of segment revenue), AMERICAS (28.2%), EAP (24.4%), and Europe (22.9%). Beauty & Cosmetics grew 30% YoY in Q4 FY26 and now accounts for ~40% of revenue mix, with sustainable tube formats at 38% of total sales. Manufacturing is in-house in each region, with a new greenfield plant in Thailand operational since November 2025 and FY26 capex of ₹480+ crore. Materials account for 42.5% of revenue, the biggest cost line, and over 50% of business is covered by a landed-cost-plus pass-through model after the Middle East crisis. A proposed merger with Indovida (CCI approval received May 2026, expected to close in Q4 FY27) is set to combine two debt-free entities into a ~$1 billion consumer packaging platform. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. AMESA (32%), AMERICAS (28%), EAP (24%), EUROPE (23%). Global packaging manufacturer; asset-heavy with in-house plants in four regions and exposure to FMCG end markets
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,433 | 3,694 | 3,916 | 4,213 | 4,763 |
| EBITDA (ex other income) | 576 | 577 | 654 | 832 | 937 |
| margin % | 16.8 | 15.6 | 16.7 | 19.8 | 19.7 |
| Owners' profit | 214 | 227 | 213 | 359 | 389 |
| EPS, as reported (₹) | 6.79 | 7.15 | 6.70 | 11.27 | 12.15 |
| ROE % · ROCE % | 11.9 · 14.1 | 11.6 · 12.7 | 10.0 · 14.0 | 15.4 · 18.7 | 13.7 · 16.8 |
| Debt / equity (x) | 0.35 | 0.39 | 0.38 | 0.29 | 0.25 |
| Cash from operations | 312 | 602 | 587 | 795 | 723 |
| Capex | (276) | (387) | (375) | (363) | (482) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,086 | 1,014 | 1,105 | 1,108 | 2,314 | 1,149 | 1,301 | 1,388 |
| Profit before tax | 120 | 101 | 119 | 117 | 258 | 108 | 116 | 126 |
| Net profit | 88 | 94 | 116 | 101 | 208 | 83 | 103 | 101 |
| EPS (₹) | 2.73 | 2.93 | 3.58 | 3.13 | 6.39 | 2.55 | 3.22 | 3.08 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| AMESA | 1,918 | 32.7 |
| EAP | 1,430 | 24.3 |
| AMERICAS | 1,638 | 27.9 |
| EUROPE | 1,359 | 23.1 |
| Unallocated | 3 | 0.0 |
| Total, before eliminations | 6,347 | 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · EPL Limited Issuer Rating revised, placed on Watch with Developing Implications | credit debt | high | — | — |
| 3 Sept 2026 · Bandhan Mutual Fund raises EPL stake to 5.31% via open market | ownership changes | high | — | — |
| 1 Sept 2026 · EPL promoter Epsilon Bidco sells entire 26.37% stake via open market | ownership changes | high | — | — |
| 28 Aug 2026 · EPL Q1 FY27 transcript filed; raises revenue growth guidance to high teens | investor communications | medium | — | — |
| 26 Aug 2026 · EPL 43rd AGM notice published in newspapers; e-voting from Sept 13-15 | compliance | minimal | — | — |
| 25 Aug 2026 · EPL Limited dispatches FY26 Annual Report and 43rd AGM Notice to shareholders | compliance | minimal | — | — |
| 25 Aug 2026 · Notice of 43rd AGM on September 16, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 25 Aug 2026 · EPL Limited files FY26 Annual Report and 43rd AGM Notice | board shareholder meetings | low | — | — |
| 22 Aug 2026 · EPL Limited 43rd AGM scheduled for September 16, 2026 via video conferencing | compliance | minimal | — | — |
| 22 Aug 2026 · EPL Limited 43rd AGM set for September 16, 2026 via video conferencing | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 |
| 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) | 15.7 | 17.6 | 33 of 69 | 53% |
| P/B | 2.7 | 1.4 | 46 of 61 | 25% |
| ROCE | 13.6 | 7.3 | 17 of 71 | 77% |
| ROE | 13.7 | 6.8 | 16 of 66 | 77% |
| Debt / Equity | 0.3 | 0.3 | 28 of 66 | 59% |
| EBITDA margin | 19.1 | 12.1 | 12 of 62 | 82% |
| Revenue growth | 25.3 | 14.0 | 17 of 61 | 73% |
| Profit growth | (0.8) | 23.4 | 36 of 60 | 41% |
| Market cap | 7674 | 131 | 1 of 73 | 100% |
| 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.
