Manufactures flexible packaging films, which account for the bulk of its business, along with self-adhesive labels and (until recently) nonwoven fabrics. In FY25, packaging films generated Rs 4,373.58 crore in revenue, nonwoven fabrics Rs 669.75 crore, and self-adhesive labels Rs 340.63 crore. The nonwoven fabrics business has been classified as discontinued operations from the quarter ended September 2025, and a proposed demerger of that unit into Global Nonwovens Limited was withdrawn by the board in April 2026 citing procedural delays and market conditions. In YTD results through December 2025, packaging films made up 65.6% of segment revenue but ran negative on EBIT, while the smaller 'others' segment (which includes self-adhesive labels) generated Rs 22.93 crore of EBIT. A fire in May 2025 at a material subsidiary's Nashik plant disrupted operations, delayed FY26 financial reporting, and triggered a Rs 2,000 crore Brookfield investment in subsidiary JPFL Films to support revival. The cost structure is raw-material heavy, with materials at 71.7% of revenue, followed by other operating expenses at 18.2% and employee costs at 5.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaging films (66%), Discontinued operations (nonwoven fabrics) (24%), Others (including self-adhesive labels) (11%). Asset-heavy packaging manufacturer with a raw-material-heavy cost structure
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,082 | 5,878 | 4,627 | 3,926 | 5,335 |
| EBITDA (ex other income) | 1,100 | 1,518 | 119 | (1) | 323 |
| margin % | 27.0 | 25.8 | 2.6 | (0.0) | 6.1 |
| Owners' profit | 791 | 1,196 | 319 | 72 | 110 |
| EPS, as reported (₹) | 180.62 | 273.20 | 72.84 | 16.33 | 25.08 |
| ROE % · ROCE % | 29.9 · 28.3 | 31.2 · 30.9 | 7.6 · 7.0 | 1.7 · 3.0 | 2.7 · 5.8 |
| Debt / equity (x) | 0.29 | 0.31 | 0.97 | 1.04 | 1.07 |
| Cash from operations | 911 | 724 | (566) | 133 | 222 |
| Capex | (200) | (386) | (689) | (198) | (325) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,233 | 1,311 | 1,371 | 1,420 | 1,083 | 410 | 372 | 696 |
| Profit before tax | 235 | 137 | 46 | (270) | 49 | (15) | (80) | 87 |
| Net profit | 168 | 117 | 4 | (179) | 37 | (13) | (97) | 107 |
| EPS (₹) | 38.39 | 26.63 | 0.94 | (40.88) | 8.34 | (6.01) | (22.14) | 24.48 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Packaging films | 2,195 | 40.8 |
| Nonwoven Fabrics | 174 | 3.2 |
| Other - Self Adhesive Labels | 96 | 1.8 |
| Nonwovens Fabrics | 362 | 6.7 |
| Others - Self Adhesive Labels | 164 | 3.0 |
| Packaging Films | 2,179 | 40.5 |
| Nonwoven fabrics | 134 | 2.5 |
| Other unallocable income/(expense)(net) | 81 | 1.5 |
| Total, before eliminations | 5,384 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · 52nd AGM scheduled on Sept 30, 2026; notice published in Financial Express and Jansatta | compliance | minimal | — | — |
| 8 Sept 2026 · Jindal Poly Films files BRSR for FY26 - Turnover Rs 697 Cr | compliance | medium | — | — |
| 8 Sept 2026 · FY26 Annual Report shows net loss on exceptional items; 52nd AGM on Sep 30 | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · Notice of 52nd AGM on 30 Sep 2026 | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · AGM on Sep 30, 2026; cut-off date set for Sep 23, 2026 | corporate actions | medium | — | — |
| 5 Sept 2026 · Board approves 52nd AGM on September 30, 2026 | board shareholder meetings | medium | — | — |
| 13 Aug 2026 · Jindal Poly Films Q4 FY26: massive loss on subsidiary provisions and fire damage | results | high | — | — |
| 13 Aug 2026 · Jindal Poly Films Q4 FY26: Standalone loss of Rs 2,027 cr on exceptional items | results | high | — | — |
| 10 Aug 2026 · Board Meeting on 14 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 10 Aug 2026 · Board meeting on Aug 13 to consider FY26 audited results | results | low | — | — |
| 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 |
| 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 |
| 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) | 143.6 | 17.6 | 68 of 69 | 2% |
| P/B | 0.7 | 1.4 | 13 of 61 | 78% |
| ROCE | 0.8 | 7.3 | 59 of 71 | 17% |
| ROE | 0.6 | 6.8 | 58 of 66 | 12% |
| Debt / Equity | 0.8 | 0.3 | 49 of 66 | 26% |
| EBITDA margin | 23.0 | 12.1 | 10 of 62 | 85% |
| Revenue growth | (51.0) | 14.0 | 59 of 61 | 3% |
| Profit growth | 159.9 | 23.4 | 13 of 60 | 80% |
| Market cap | 2936 | 131 | 7 of 73 | 92% |
| 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.
