XPRO India Limited is an India-based company primarily engaged in the business of polymers processing. The company operates its polymers business through two main divisions: Biax Division and Coex Division. XPRO India Ltd is a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners, and specialty films, including dielectric films and special purpose BOPP Films.
Incorporated in 1997, XPRO India Ltd is an integral part of the BIRLA Group, one of India's largest and most reputed industrial houses with a global presence in manufacturing and trading activities. The company was established as part of the global Birla Group, leveraging its extensive resources and expertise.
XPRO India Ltd operates three distinct divisions: Biax, Coex, and Thermoset, which together cater to a diverse range of industrial applications.
The Biax Division manufactures a comprehensive range of coextruded biaxially oriented polypropylene (BOPP) films and dielectric films. Produced on automated production lines, these films have multipurpose applications, ranging from food packaging to specialized uses in electronics. They are also utilized for print lamination, cigarette overwraps, adhesive tape, and bitumen membrane lamination, among others.
The Coex Division is responsible for manufacturing coextruded sheets, thermoformed refrigerator liners, and co-extruded cast films. Its products are widely used for refrigerator liners, disposable containers, and automotive parts. This division remains a leading supplier of sheets and liners for white goods to most major brands in India and represents the larger portion of the company's business operations, contributing approximately 67.74% of revenues.
The company's Thermoset Division complements its polymer processing capabilities. As of 2008-09, the combined production capacity across all three divisions (Biax, Coex, and Thermoset) stood at 27,600 MT, demonstrating the company's strategically developed manufacturing prowess.
XPRO India Ltd currently holds a market capitalization of ₹2,765.92 Crore (as of 2025). The company operates within a competitive polymer processing industry in India. Its major peers include Inox India Ltd, Garware Hi Tech Films Ltd, EPL Ltd, AGI Greenpac Ltd, Uflex Ltd, Polyplex Corporation Ltd, and TCPL Packaging Ltd. Despite the competitive environment, XPRO India maintains a strong position as a leading manufacturer with established market relationships.
- Q4 FY2024-25 Revenue: ₹158.21 Crore
- Q4 FY2024-25 Net Profit: ₹6.57 Crore
- FY2024-25 Annual Profit: ₹38.00 Crore (on a total income of ₹535.28 Crore)
In Q4 FY2024-25, Xpro India reported a 23.21% increase in net sales to ₹158.21 crore. However, net profit for the same period saw a decline of 47.14% year-on-year to ₹6.57 crore, and a 25.29% fall quarter-on-quarter. EBITDA also decreased by 31.08% during the quarter.
- P/E Ratio: 69.7
- Book Value: ₹274
- Dividend Yield: 0.17 %
- Return on Equity (ROE): 6.49 %
- Return on Capital Employed (ROCE): 7.86 %
The stock has demonstrated significant volatility, with a 52-week high of ₹1,677 and a low of ₹939. Over the last 12 months, XPRO India Ltd's share price increased by 17.44% on BSE, and over the last 3 years, it has moved up by 36.24% on BSE.
Mr. S K Birla serves as the Chairperson, guiding the company's strategic direction. The promoter holding in XPRO India Ltd has shown marginal changes, decreasing from 42.46% in June 2024 to 42.43% in March 2025. The company maintains a stable promoter holding structure, which contributes to continuity in strategic decision-making.
Xpro India announced its 28th Annual General Meeting (AGM) to be held on July 25, 2025. At this AGM, a dividend of INR 2 per share was declared for the financial year 2024, alongside discussions on director reappointment and auditor appointments. This demonstrates the company's commitment to returning value to shareholders despite operational challenges.
While the company has delivered a modest sales growth of 8.65% over the past five years, XPRO India remains strategically positioned as a leading manufacturer in India's polymer processing sector. It benefits from established relationships with major white goods manufacturers and a diversified product portfolio that serves multiple end-use industries.
The company's strategic focus on polymer processing, reinforced by its association with the prestigious Birla Group, provides access to essential resources and expertise crucial for navigating market challenges. The broad application areas of its products, spanning food packaging, electronics, and automotive components, present multiple avenues for growth as these industries continue to expand within India.
