BSE: 530063
YASHRAJ CONTAINEURS LTD.
Classified in the packaging and industrial products segment, this BSE-listed entity has been under Corporate Insolvency Resolution Process since an NCLT order in February 2024, with its affairs now run by Resolution Professional Ajit Kumar rather than regular directors. The packaging business has effectively stopped operating — revenue from operations was reported as zero across multiple quarters in FY26, and total income for the year was just Rs 16.71 lakhs, down 92% from Rs 210.83 lakhs in FY25, coming almost entirely from 'other income'. The company posted a net loss of Rs 66.37 lakhs in FY26, against a Rs 2,418.17 lakhs loss in FY25 (which had a Rs 2,475.20 lakh exceptional item). Operating cash flow was negative Rs 251.34 lakhs in FY26. The statutory auditor has issued qualified opinions and emphasis-of-matter notes flagging material uncertainty about the company's ability to continue as a going concern, both in the annual results and in half-yearly results. The balance sheet is severely impaired, with deeply negative other equity and current borrowings of Rs 10,208.46 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Packaging products. Non-operational packaging entity under insolvency resolution with deeply negative net worth
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 23 | 5 | 2 | 0 | 0 |
| EBITDA (ex other income) | 3 | (2) | (3) | (26) | (1) |
| margin % | 11.8 | (39.6) | (169.9) | (7321.8) | — |
| Owners' profit | 4 | (6) | (6) | (24) | (1) |
| EPS, as reported (₹) | 2.44 | (3.34) | (3.44) | (14.22) | (0.39) |
| ROE % · ROCE % | (5.7) · (3.6) | 7.2 · (0.8) | 6.9 · 0.1 | 22.3 · 22.3 | 0.6 · 0.6 |
| Debt / equity (x) | (0.91) | (0.91) | (0.92) | (0.94) | (0.93) |
| Cash from operations | 2 | 3 | (1) | (18) | (3) |
| Capex | (0) | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | (0) | (25) | (0) | (0) | (0) | (0) |
| Net profit | 0 | 0 | (0) | (25) | (0) | (0) | (0) | (0) |
| EPS (₹) | 0.29 | 0.23 | (0.13) | (14.61) | (0.13) | (0.13) | 0.18 | (0.04) |
Exhibit 3: 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 | 6,871 | 14.1 | 2.40 | 7.5 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,627 | 12.8 | 1.92 | 7.0 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,203 | 6.2 | 0.52 | 6.7 | 3.9 | 2.7 | 11.6 | 17.1 |
| TCPL PACKAGING LIMITED | 3,722 | 32.2 | 5.18 | 14.1 | 13.6 | 13.0 | 15.4 | 17.8 |
| JINDAL POLY FILMS LIMITED | 2,951 | 144.3 | 0.72 | 10.1 | 0.6 | 0.8 | 8.5 | 23.0 |
| POLYPLEX CORPORATION LTD | 2,899 | 18.7 | 0.41 | 8.0 | 0.6 | 0.3 | 7.6 | 14.3 |
| XPRO INDIA LIMITED | 2,360 | 71.5 | 2.96 | 51.2 | 2.4 | 2.8 | 6.2 | 11.4 |
| COSMO FIRST LIMITED | 1,923 | 11.4 | 1.19 | 7.2 | 9.6 | 6.4 | 9.8 | 12.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | 99.7 | 23.4 | 16 of 60 | 75% |
| Market cap | 7 | 118 | 68 of 73 | 7% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Compliance certificate for dematerialization filed by RTA | compliance | minimal | — | — |
| 30 Sept 2026 · Scrutinizer report for 33rd AGM voting results filed with BSE | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 33rd AGM of Yashraj Containeurs held on Sep 30, 2026 via video call | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure for Q2 FY26 Results | compliance | minimal | — | — |
| 24 Sept 2026 · Resignation of Company Secretary Mr. Ratan Kumar Das | management changes | medium | — | — |
| 24 Sept 2026 · Resignation of Company Secretary Mr. Ratan Kumar Das | management changes | medium | — | — |
| 15 Sept 2026 · Notice of 25th Committee of Creditors Meeting on 15 Sep 2026 | regulatory legal | medium | — | — |
| 9 Sept 2026 · Yashraj Containeurs to hold 33rd AGM on September 30 via video conferencing | compliance | minimal | — | — |
| 8 Sept 2026 · Yashraj Containeurs 33rd AGM on Sep 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Yashraj Containeurs FY26 Annual Report filed under CIRP | results | high | — | — |
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.