B&B Triplewall Containers Limited, established in 1992 and headquartered in Bengaluru, India, is a prominent player in the corrugated packaging industry. The company began its journey as MNM Triplewall Containers Private Limited in 2011, undergoing transformations before becoming B&B Triplewall Containers Private Limited in 2018 and subsequently converting to a Public Limited Company as B&B Triplewall Containers Limited later that year.
BBTCL holds a distinguished position as the first company in India to implement an automated plant featuring a BHS corrugator and BOBST FFG. It also achieved a significant manufacturing milestone by being the first in India to establish an installed capacity of 5000 tonnes/month within a single facility, with a combined capacity of 9300 tonnes/month across all its units.
B&B Triplewall Containers Limited is engaged in the manufacturing and supply of corrugated boxes and boards. The company offers a comprehensive and diverse product range, including:
- T- and I-folder products
- Variable depth boxes
- Bins
- Regular slotted containers
- A1 self-locking boxes
- Fitments
- Self-locking boxes
- Large shipper cartons
- 3-ply, 5-ply, and 7-ply boards
The company serves a wide array of industries with its packaging solutions. Its products are utilized in sectors such as logistics, pharmaceuticals, chemicals, automotive, electronics, glassware, personal care, garment and textiles, retail, food and beverage, fruits and vegetables, FMCG, e-commerce, and relocation.
B&B Triplewall operates strategically located manufacturing facilities to cater to its diverse customer base. The company's operations are divided into two primary units:
- Unit I: Located in Bangalore.
- Unit III: Located in Soolagiri (Krishnagiri), Tamil Nadu.
These state-of-the-art facilities ensure precision in box production, reflecting the company's dedication to the industry. B&B Triplewall also expands its reach through subsidiaries, notably B and B Colour Cartons Private Limited.
As of the latest available data, B&B Triplewall Containers Ltd has a Market Capitalization of ₹341 Crore. The company's financial performance has demonstrated mixed results in recent quarters.
- Q3 FY2024-25: The net profit saw a significant decrease of -286.94% compared to the same period last year, resulting in a net loss of ₹-6.73 Crore for the quarter ended December 2024.
- Quarterly Sales Trends:
- December 2024 Quarter: Sales rose by 34.82% to ₹123.44 Crore from ₹91.56 Crore in the December 2023 quarter.
- September 2024 Quarter: Sales increased by 26.37% to ₹120.51 Crore from ₹95.36 Crore in the September 2023 quarter.
- June 2024 Quarter: Sales grew by 24.10% to ₹106.24 Crore from ₹85.61 Crore in the June 2023 quarter.
Despite revenue growth, the company faced profitability challenges in the recent periods.
The company's valuation metrics offer insights into its market positioning:
- P/E Ratio: 20.89
- P/B Ratio: 2.95
- 52-Week High: ₹272
- 52-Week Low: ₹120.60
The promoter holding in B&B Triplewall Containers Ltd indicates strong management control, remaining stable at 71.43% as of June 2024 (consistent from September 2023). The company is owned and managed by key individuals including Manish Kumar Gupta, Alok Agarwal, Ravi Agarwal, Manish Bothra, Amit Agarwal, Sidharth Agarwal, and Nishant Bothra.
B&B Triplewall Containers Ltd maintains a dividend distribution policy for its shareholders.
- March 2024 Quarter: Declared a dividend of ₹1 per share, translating to a dividend yield of 1.21% for that quarter.
- Current Dividend Yield: 0.47% (As of Today)
B&B Triplewall Containers Ltd (BBTCL) is classified within the Materials sector, specifically the Packaging sub-sector. The company competes with other key players in the packaging industry, including Ruchira Papers, Star Paper Mills, Shreyans Inds, Genus Paper & Boards, Shree Ajit Pulp, Orient Paper & Inds., and South India Paper.
The company places emphasis on environmental sustainability within its operations. B&B Triplewall Containers Limited offers a diverse range of specialized products designed to meet various customer needs while concurrently focusing on environmental conservation. This commitment to environmental consciousness aligns with the increasing industry demand for sustainable packaging solutions.
Summary:
B&B Triplewall Containers Limited stands as a significant player in India's corrugated packaging industry, characterized by its automated manufacturing capabilities, a diverse product range, and strategic market positioning. While facing recent profitability challenges, the company continues to show revenue growth and maintains a strong presence across multiple industrial sectors through its comprehensive packaging solutions.
