BSE: 516078
JUMBO BAG LTD.
Manufactures FIBC (Flexible Intermediate Bulk Container) jumbo bags used as industrial bulk packaging, and runs a small polymer-trading line. Manufacturing is the dominant operation, generating Rs. 112.9129 crore of segment revenue for FY26 with an EBIT of Rs. 8.9361 crore. Across the four quarters of FY26, manufacturing posted revenues of Rs. 29.8013 crore, Rs. 30.1958 crore, Rs. 27.2688 crore and Rs. 25.647 crore, while the polymer trading business contributed Rs. 1.2069 crore to Rs. 1.3938 crore each quarter. Total FY26 revenue stood at Rs. 117.5795 crore with net profit of Rs. 8.3554 crore and EBITDA margin of 14.5307 percent. Raw materials are the biggest cost at 51.0 percent of revenue, followed by other operating expenses at 26.1 percent and employee costs at 12.1 percent. The company explored a new manufacturing unit at the SIPCOT area in Gummidipondi but withdrew the proposal in January 2026 after due diligence flagged land-area and building-stability concerns. Net worth stood at Rs. 34.46 crore as on 31 March 2026 and paid-up equity capital at Rs. 8.37 crore; the board recommended a 7.5 percent final dividend. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. FIBC / jumbo bag manufacturing, Polymer trading. Materials-intensive, manufacturing-led packaging business with a small trading arm
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 131 | 111 | 104 | 126 | 118 |
| EBITDA (ex other income) | 5 | 7 | 6 | 10 | 16 |
| margin % | 4.1 | 6.0 | 5.5 | 7.9 | 14.0 |
| Owners' profit | 1 | 3 | 1 | 4 | 8 |
| EPS, as reported (₹) | 1.27 | 1.12 | 1.42 | 3.87 | 9.98 |
| ROE % · ROCE % | 3.3 · 8.9 | 9.0 · 10.8 | 3.5 · 9.5 | 9.8 · 15.8 | 17.5 · 23.3 |
| Debt / equity (x) | 1.44 | 1.24 | 1.08 | 1.22 | 0.85 |
| Cash from operations | 1 | 12 | 13 | (2) | 12 |
| Capex | (3) | (3) | (5) | (3) | (7) |
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 | 33 | 33 | 32 | 31 | 31 | 29 | 27 | 43 |
| Profit before tax | 1 | 1 | 2 | 3 | 4 | 2 | 2 | 7 |
| Net profit | 1 | 1 | 2 | 2 | 3 | 2 | 1 | 6 |
| EPS (₹) | 0.70 | 1.24 | 1.37 | 2.70 | 3.71 | 2.11 | 1.46 | 6.62 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| MANUFACTURING BUSINESS | 26 | 21.7 |
| TRADING | 1 | 1.2 |
| Segment A -Manufacturing Business | 57 | 48.6 |
| Segment B - Polymer Business | 1 | 1.1 |
| Segment B - Trading Business | 1 | 1.2 |
| Segment A - Manufacturing Business | 30 | 25.2 |
| Segment B - polymer Business | 1 | 1.0 |
| Total, before eliminations | 118 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,094 | 18.0 | 2.25 | 7.9 | 6.7 | 7.3 | 9.0 | 18.4 |
| AGI GREENPAC LIMITED | 4,218 | 12.0 | 1.67 | 7.4 | 6.6 | 7.3 | — | 21.7 |
| UFLEX LIMITED | 4,148 | 6.1 | 0.51 | 7.0 | 3.9 | 2.7 | 11.6 | 16.6 |
| TCPL PACKAGING LIMITED | 4,014 | 30.4 | 5.13 | 15.7 | 10.9 | 9.9 | 15.4 | 17.2 |
| JINDAL POLY FILMS LIMITED | 3,031 | — | 1.00 | — | (34.9) | (19.8) | (6.6) | 1.4 |
| POLYPLEX CORPORATION LTD | 2,747 | 17.7 | 0.39 | 9.6 | 0.6 | 0.3 | 7.6 | 13.2 |
| XPRO INDIA LIMITED | 2,591 | 72.9 | 3.19 | 88.0 | 1.8 | 2.0 | 6.2 | 8.4 |
| COSMO FIRST LIMITED | 2,124 | 12.6 | 1.31 | 9.5 | 9.6 | 6.4 | 9.8 | 11.7 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.4 | 15.2 | 12 of 64 | 83% |
| P/B | 1.6 | 1.2 | 37 of 61 | 40% |
| ROCE | 18.6 | 5.4 | 5 of 67 | 94% |
| ROE | 17.5 | 6.4 | 6 of 61 | 92% |
| Debt / Equity | 0.8 | 0.4 | 46 of 61 | 25% |
| EBITDA margin | 19.4 | 9.3 | 8 of 68 | 90% |
| Revenue growth | 40.6 | 21.8 | 14 of 61 | 78% |
| Profit growth | 145.3 | 32.1 | 18 of 59 | 71% |
| Market cap | 74 | 123 | 45 of 73 | 39% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 4 Nov 2026 · Board to review September 2026 quarterly and half-year results | results | low | — | — |
| 10 Oct 2026 · BSE approves listing of 6 lakh pref shares from warrant conversion | capital market events | medium | — | — |
| 7 Oct 2026 · Routine SEBI 74(5) Demat Compliance Certificate - Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · Jumbo Bag commissions 2 MW captive solar plant in Tamil Nadu | capex operations | medium | — | — |
| 26 Sept 2026 · Trading window closure for Q2 FY2026-27 at Jumbo Bag | compliance | minimal | — | — |
| 31 Jul 2026 · Jumbo Bag 36th AGM: 4 resolutions passed, dividend declared | compliance | minimal | — | — |
| 30 Jul 2026 · Jumbo Bag appoints MD's son and current CFO as Additional Director | management changes | medium | — | — |
| 30 Jul 2026 · 36th AGM outcome - dividend, director re-appointment approved | board shareholder meetings | medium | — | — |
| 30 Jul 2026 · Jumbo Bag Q1 FY27 net profit jumps 145% YoY to Rs 5.54 cr | results | medium | — | — |
| 27 Jul 2026 · Board meeting on 30 July for Q1 FY27 results and new director appointment | management changes | medium | — | — |
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.