Manufactures plastic packaging products, primarily rigid sheets made from PET and polypropylene, using an installed extrusion capacity of 25,600 MTPA. The plastic business includes injection moulding, with Q3 FY26 export revenue of Rs 20.54 crore growing 40.87% year-on-year, driven by injection moulding exports of Rs 17.59 crore. Domestic revenue in Q3 FY26 was Rs 51.08 crore, which declined 12.11% year-on-year due to lower sheet realisations and seasonal moderation in institutional offtake. Customers include a Finland-based packaging group's Indian arm, a subsidiary of a global confectionery company with 35-plus chocolate brands, and a UK-based supplier of catering and janitorial disposables; recent orders include Rs 2.07 crore, Rs 1.03 crore, and Rs 3.09 crore contracts for plastic rigid sheets, plus USD 0.09 million of export packaging. A paper packaging joint venture, Olive Ecopak, generated Rs 15.69 crore in Q3 FY26 with a Q4 target of Rs 18-20 crore, but its carrying value has been fully written off in the parent's books, so future P&L impact is nil. FY27 guidance is Rs 360-370 crore in plastic revenue and Rs 120-130 crore in paper revenue, with EBITDA margins of 15-15.5% in plastic and 16-16.5% in paper. The cost structure is raw-material heavy at 60.9% of revenue, with employees at 9.5% and other operating expenses at 18.4%; depreciation is 5.2% and capex 3.7%. Total debt stands at Rs 95-100 crore at a 7.5-8% blended rate, with a Rs 2.25 crore captive renewable energy project and Rs 20 crore JPY loan conversion together expected to save around Rs 2.5 crore per year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastic packaging (rigid sheets, PET/Polypropylene), Injection moulding, Paper packaging (Olive Ecopak JV). Asset-light plastic packaging manufacturer with export-led growth and a written-down paper JV
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 252 | 274 | 330 | 332 |
| EBITDA (ex other income) | 33 | 33 | 41 | 45 |
| margin % | 13.2 | 12.1 | 12.5 | 13.4 |
| Owners' profit | 11 | 0 | 0 | 17 |
| EPS, as reported (₹) | 9.44 | 2.39 | 1.09 | 2.32 |
| ROE % · ROCE % | 8.2 · 12.9 | 5.6 · 11.1 | 4.9 · 14.3 | 9.6 · 15.0 |
| Debt / equity (x) | 0.57 | 0.48 | 0.64 | 0.59 |
| Cash from operations | 14 | 21 | 18 | 19 |
| Capex | (31) | (19) | (22) | (12) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88 | 73 | 90 | 83 | 86 | 72 | 92 | 103 |
| Profit before tax | 7 | 2 | 5 | 5 | 6 | 3 | 9 | 9 |
| Net profit | 3 | (1) | 4 | 4 | 5 | 2 | 6 | 7 |
| EPS (₹) | 0.41 | (0.13) | 0.50 | 0.55 | 0.62 | 0.30 | 0.86 | 0.98 |
| 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 % |
|---|---|---|---|---|
| 9 Sept 2026 · NSE seeks clarification from Rajshree Polypack on quarterly results | regulatory legal | medium | — | — |
| 1 Sept 2026 · Rajshree Polypack informs Exchange about Credit Rating | credit debt | medium | — | — |
| 31 Aug 2026 · Rajshree Polypack schedules investor roadshow on September 4, 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Notice of 15th AGM and e-voting details published in newspapers | compliance | minimal | — | — |
| 24 Aug 2026 · Notice of 15th AGM on September 15, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Intimation of 15th AGM on September 15, 2026 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Rajshree Polypack Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 6 Aug 2026 · Rajshree Polypack Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 6 Aug 2026 · Earnings call audio recording shared for Q1 FY27 results | investor communications | low | — | — |
| 5 Aug 2026 · Rajshree Polypack Q1 FY27: Record revenue of Rs 102.91 Cr, PAT up 76.83% | compliance | 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 |
| 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) | 7.5 | 17.6 | 14 of 69 | 81% |
| P/B | 0.8 | 1.4 | 18 of 61 | 72% |
| ROCE | 10.2 | 7.3 | 27 of 71 | 63% |
| ROE | 9.6 | 6.8 | 26 of 66 | 62% |
| Debt / Equity | 0.6 | 0.3 | 42 of 66 | 37% |
| EBITDA margin | 16.1 | 12.1 | 21 of 62 | 67% |
| Revenue growth | 24.7 | 14.0 | 18 of 61 | 72% |
| Profit growth | 77.8 | 23.4 | 19 of 60 | 70% |
| Market cap | 154 | 131 | 35 of 73 | 53% |
| 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.
