PERFECTPAC LTD.

Operates in a single segment — packaging — within the Paper & Paper Products industry. In FY26 the business reported revenue from operations of Rs 11,373.48 lakhs, marginally above Rs 11,345.88 lakhs in FY25, with profit after tax at Rs 314.95 lakhs (vs Rs 315.20 lakhs). Quarterly revenue was Rs 2,935.83 lakhs in Q2 FY26, Rs 2,505.39 lakhs in Q3 FY26, and Rs 2,964.52 lakhs in Q4 FY26. Raw materials purchases dominate the cost base at 70.6% of revenue, followed by employee costs at 10.4% and other operating expenses at 13.0%, with depreciation at 2.2% and capex at 2.4% of revenue. EBITDA margin is 6.07%. The board declared a dividend of Rs 1 per share (50% on face value of Rs 2) for FY26, with basic and diluted EPS at Rs 4.73. Total borrowings nearly tripled to Rs 336.82 lakhs (from Rs 65.79 lakhs in FY25), including long-term borrowings of Rs 206.25 lakhs. Operating cash flow for FY26 fell to Rs 226.60 lakhs from Rs 407.15 lakhs, driven primarily by a Rs 419.83 lakh increase in trade receivables. A one-time exceptional charge of Rs 12 lakhs was booked in Q3 FY26 due to new labour codes notified in November 2025.