Kanpur Plastipack Limited, established on 26 July 1971 and promoted by M. S. Agarwal, is a two-star export house engaged in manufacturing HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBC's), Fabrics and High Tenacity PP Multi Filament Yarn (MFY). The company has evolved from its incorporation in 1971 into a leading manufacturer and exporter of Flexible Intermediate Bulk Container (FIBC)/Bulk Bag/Jumbo Bag, PP Multifilament Yarn, PP Woven Sacks, CPP (Cast Polypropylene) films, and a wide variety of fabrics like Sulzer Fabric, Ventilated Fabric, and Circular Fabric.
Kanpur Plastipack Limited is an India-based fully integrated end-to-end industrial bulk packaging solution provider and a manufacturer of bulk bags or Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products. The company is also a Consignment Stockiest of M/s Indian Oil Corporation Limited and owns and operates a solar power generation facility at Kanpur.
The company operates through three distinct segments: Manufacturing of Fabrics & Woven Sacks, Consignment Stockist, and Solar Power Generation Activities. Its manufacturing facility serves as a specialized supplier and distributor of a range of multifilament yarn for industrial applications across the globe.
The company's product portfolio includes FIBC, Multi Filament Yarn (MFY), Fabric, and UV Master Batch. Additional products encompass PP Woven Sacks, Liner, Filler Cord, Net Baffle, Webbing, Body Bag, Retail Products, Crimp Yarn, and Taslan Yarn/ATY. The company provides fabrics including PP Woven, PP MFY, circular, Sulzer, ventilated, horse rug, and jute alike fabrics, and offers UV masterbatch solutions including food-grade UV, non-food-grade UV, and white TIO2 UV masterbatches used in various applications.
The company exports its products to Asia, Australia, Europe, South and North America, and Africa. Kanpur Plastipack had started as a small-scale industry and has grown to become a medium-sized manufacturer of woven sacks. The company's journey of expansion began with setting up a plant in Kanpur at a cost of Rs 460 lac to manufacture 1425 tpa, which was later increased to 1890 tpa. In October 1986, the company came out with a public issue to part-finance the expansion of its capacity from 1890 tpa to 3755 tpa.
- Market Capitalization: ₹497.70 Cr (as of May 19, 2025)
- 52-Week High: ₹215.40
- 52-Week Low: ₹89.70
- Share Price Performance (Last 6 Months): +85.57%
- Share Price Performance (Last 1 Year): +100.92%
- P/E (Price-to-Earnings) Ratio: 44.76
- Stock P/E: 23.7
- Book Value: ₹91.3
- ROCE (Return on Capital Employed): 11.8%
- ROE (Return on Equity): 10.5%
- Debt to Equity Ratio: 9% (indicating a healthy balance sheet)
- Trailing Twelve Months Operating Revenue: ₹628.61 Cr
- Annual Sales (FY2025): ₹626.24 Cr (a 27.80% increase from ₹490.00 Cr in FY2024)
- Annual Net Profit (FY2025): ₹10.70 Cr (a significant 2872.22% increase from ₹0.36 Cr in FY2024)
- Q4 FY2025 Net Profit: ₹3.00 Cr (a 7.98% decline from ₹3.26 Cr in Q4 FY2024)
- Q4 FY2025 Sales: ₹183.32 Cr (a 20.61% increase from ₹152.00 Cr in Q4 FY2024)
- Dividend Recommendation: Board of Directors recommended a final dividend of ₹0.9 per equity share (9%) on May 15, 2025.
- Preferential Issue: Extraordinary General Meeting (EGM) on June 11, 2025, approved a preferential issue of 1,012,000 warrants to promoters and others.
- Positive Developments: Reduced debt levels and an increase in promoter holding by 0.89% over the last quarter.
- Areas for Improvement: The company has shown a low Return on Equity (ROE) of 4.77% over the last 3 years. Although promoter holding increased recently, it has decreased by 4.75% over the last 3 years.
- Growth & Margins: The company demonstrates an annual revenue growth of 26%. However, the pre-tax margin of 2% and ROE of 5% need improvement.
- Technical Outlook: The stock is comfortably placed above its key moving averages and has recently broken out of a base in its weekly chart.
