Manufactures specialty polypropylene dielectric capacitor films in the 2-16 micron thickness range and is the only significant Indian producer of this product, used in EV inverters, solar, wind turbines, industrial drives and grid applications. A coextruded cast films unit (Coex) supplies films mainly to the refrigerator industry. The Biax division contributes roughly 71% of FY26 revenue. A new dielectric film line at Barjora entered commercial production on March 27, 2026, doubling that unit's capacity, with the company targeting at least 50% utilisation in FY27. A third line under construction in Ras Al Khaimah, UAE is scheduled for trial production in August-September 2026. FY26 revenue was INR505.5 crore, all booked in India on the segment sheet, while exports totalled INR22.5 crore. Aggregate production volume fell 5% year-on-year on lower Coex volumes, and the company booked an INR11 crore forex loss. Modal dielectric film prices are above INR550/kg and revised biweekly with polymer costs. Materials, chiefly specialty polymers, account for 69.2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Biax (71%), Coex (29%). Specialty polymer film manufacturing with two operating divisions, asset-heavy and exposed to polymer price and forex swings
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 472 | 511 | 465 | 535 | 505 |
| EBITDA (ex other income) | 64 | 74 | 64 | 50 | 32 |
| margin % | 13.5 | 14.6 | 13.8 | 9.4 | 6.3 |
| Owners' profit | 45 | 45 | 44 | 38 | 19 |
| EPS, as reported (₹) | 38.03 | 25.57 | 21.81 | 17.17 | 8.46 |
| ROE % · ROCE % | 26.1 · 22.3 | 19.4 · 26.2 | 7.8 · 10.9 | 6.2 · 6.7 | 2.4 · 3.4 |
| Debt / equity (x) | 0.51 | 0.15 | 0.07 | 0.39 | 0.36 |
| Cash from operations | 49 | 83 | 44 | 13 | 20 |
| Capex | (7) | (36) | (38) | (287) | (141) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 134 | 105 | 158 | 145 | 120 | 106 | 134 | 174 |
| Profit before tax | 14 | 11 | 9 | (4) | 7 | 10 | 18 | 12 |
| Net profit | 10 | 7 | 7 | (5) | 5 | 7 | 13 | 8 |
| EPS (₹) | 4.51 | 3.37 | 2.95 | (2.46) | 2.14 | 2.91 | 5.64 | 3.38 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Within India | 399 | 79.0 |
| With in India | 106 | 21.0 |
| Total, before eliminations | 505 | 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 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Clarification on spurt in trading volume | regulatory legal | medium | — | — |
| 2 Sept 2026 · NSE flags unusual trading volume in Xpro India, awaits company response | regulatory legal | medium | — | — |
| 29 Aug 2026 · Xpro India to meet investors and fund houses on Sept 4 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Xpro India notifies about special window for physical share transfers | compliance | minimal | — | — |
| 11 Aug 2026 · Minutes of 29th AGM held on July 20, 2026 - All resolutions passed | board shareholder meetings | medium | — | — |
| 6 Aug 2026 · iPro Capital (promoter group) acquires 45,001 shares via inter-se transfer | ownership changes | medium | — | — |
| 1 Aug 2026 · Xpro India Q1 FY26-27 results: Revenue up 20% YoY, reports profit | compliance | minimal | — | — |
| 1 Aug 2026 · Xpro India Q1 FY27: PAT jumps 128% YoY to Rs 9.8 Cr | compliance | low | — | — |
| 31 Jul 2026 · Monitoring Agency Report Q1 FY27 on Rs 140 crore Preferential Issue | compliance | minimal | — | — |
| 31 Jul 2026 · Xpro India Q1 FY27 PAT rises to Rs 9.79 cr, revenue up about 20% YoY | results | high | — | — |
| 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 |
| 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) | 91.7 | 17.6 | 64 of 69 | 7% |
| P/B | 3.8 | 1.4 | 53 of 61 | 13% |
| ROCE | 2.8 | 7.3 | 49 of 71 | 31% |
| ROE | 2.5 | 6.8 | 49 of 66 | 26% |
| Debt / Equity | 0.4 | 0.3 | 34 of 66 | 49% |
| EBITDA margin | 11.4 | 12.1 | 33 of 62 | 48% |
| Revenue growth | 20.4 | 14.0 | 23 of 61 | 63% |
| Profit growth | 239.1 | 23.4 | 11 of 60 | 83% |
| Market cap | 3028 | 131 | 6 of 73 | 93% |
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| 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.
