Company Overview

Company Profile and Business Overview

Worth Peripherals Limited is engaged in the manufacturing and sale of corrugated boxes, positioning itself as a leading manufacturer and provider of corrugated boxes in the Indian market. The company was incorporated in 1996 and is based in Indore, India. As a leading corrugated box manufacturer in India with over 25 years of industry expertise, the company serves a wide range of sectors from FMCG and textiles to electronics and retail.

Worth Peripherals is certified by ISO 9001-2015 and 4 Pillar SMETA audit norms for SEDEX Unilever Responsible Sourcing Audit (URSA). The company has its registered office and manufacturing facilities located at Indore, Madhya Pradesh, divided into two units. Both units are involved in the production of corrugated sheets and boxes. Powered by advanced technology and built on long-standing relationships, the company delivers consistent quality at scale.

Financial Performance and Market Position

The company's financial performance shows growth in sales, although net profit has seen some fluctuations. Worth Peripherals has a significant market presence in the packaging sector, particularly for corrugated boxes.

Market Capitalization: ₹229.49 Crore (as of recent INDmoney data) / ₹272 Crore (as reported by Screener)

Key Financial Metrics

- FY2024-25 Performance:

- Sales: ₹275.79 crore (up 15.65% YoY)

- Net Profit: ₹15.43 crore (down 2.83% YoY)

- Q4 FY2024-25 Performance:

- Sales: ₹71.16 crore (up 19.98% YoY)

- Net Profit: ₹4.99 crore (down 24.16% YoY)

- Q3 FY2024-25 Performance:

- Sales: ₹68.06 crore (up 14.39% YoY)

- Net Profit: ₹4.10 crore (up 35.31% YoY)

- Sales Growth (5-Year Average): 9.46%

- Return on Equity (3-Year Average): 10.9%

- Promoter Holding: 68.2%

Business Operations and Production Capacity

Worth Peripherals operates two manufacturing units in Indore, Madhya Pradesh, focusing on the production of corrugated sheets and boxes. The company utilizes advanced technology to ensure production efficiency and quality.

Product Portfolio and Market Strategy

The company provides a diverse range of corrugated packaging solutions, including:

- Regular slotted containers

- Die-cut corrugated boxes/trays (customizable cut and fold designs)

- Multi-color corrugated boxes (up to six-color printing)

- Z sleeve and I/honeycomb partitions

Worth Peripherals leverages its array of advanced equipment to deliver premier products. The company also manages its own fleet of vehicles to ensure on-time delivery, emphasizing punctuality and customer service.

Market Presence and Customer Base

Worth Peripherals serves a broad spectrum of industries, with a strong focus on:

- FMCG: Confectionary, detergents, soaps, oils, etc.

- Pharmaceuticals

- Chemicals

- Beverages

- Textiles

- Electronics

- Retail

Established in 1996, the company has grown to become a well-equipped manufacturer and supplier known for innovation.

Corporate Structure and Subsidiaries

The company's corporate structure includes wholly-owned subsidiaries:

- Worth Wellness Private Limited: Engaged in the manufacturing of diapers.

- Worth India Pack Private Limited: Engaged in the manufacturing and supply of corrugated boxes.

In June 2025, Worth Peripherals approved an unsecured inter-corporate loan of ₹50 crore to Worth Wellness Private Limited for business funding.

Stock Performance and Valuation Metrics

Worth Peripherals Limited is listed on both NSE and BSE exchanges. The company was incorporated as a private limited company on May 9, 1996, and its name was changed to Worth Peripherals Limited on July 14, 2004. The promoters of the company are Raminder Singh Chadha and Amarveer Kaur Chadlia.

While the company has experienced a consistent sales growth over the past five years (9.46%), its return on equity over the last three years has been relatively low at 10.9%.

Quality Certifications and Compliance

Worth Peripherals is committed to maintaining high standards and sustainable practices, evidenced by its various certifications:

- High Graphic Printing (Up to 6 Colors)

- Case Erector and Packer Ready Corrugated Boxes

- GPS Enabled Fleet of Vehicles

- Forest Stewardship Certification (FSC)

- Packaging Cost Optimization

- ISO 9001:2015 Certified

Worth Peripherals continues to focus on expanding its market presence and strengthening its position as a reliable supplier of corrugated packaging solutions across various industries in India. Strategic investments in technology and quality certifications position the company to effectively serve the growing demand in the packaging sector.