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AGI Greenpac Q2 FY27 Share Price & Earnings Call Analysis

₹641.15-1.84% today
Market cap
₹4,150 Cr
P/E
11.27
ROE
15.75%
PEG
1.06
Price to sales
1.50
Debt to equity
0.10
52W high / low
₹846 / ₹469
Sales growth (5Y)
16.17%
EBITDA margin
22.74%
Net profit margin
13.32%
Promoter holding
60.39%
Sales (last year)
₹2,763 Cr

Incorporated in 1960, AGI Greenpac Ltd manufactures and sells Container Glass bottles, PET bottles and Security Caps and Closures under Packaging Products segment[1]

Guidance scorecard · Q2 FY27 call

What AGI Greenpac Ltd's management guided
and where it ranks in Industrial Products

Revenue0–10%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ3 FY26 call

0–10%
  • The company expects volume growth of 8%-10% for the next 12-18 months, supported by minor expansions in specialty and container glass capacities.
  • For FY27, overall volume growth is projected around 8%-9%, with specialty glass showing higher efficiency and growth.
  • A new Greenfield container glass plant (500 tons/day) scheduled for commissioning by March 2027 will add ~25% capacity, driving 15%-17% growth in FY27-28.
  • Commercial container glass volume growth expected around 3%-4% in FY27, and specialty glass around 7% or higher.
  • Volumes in Q3 were subdued due to weather and seasonal factors, especially in beer segment, but are expected to normalize and recover in Q4.

2 more points from AGI Greenpac Ltd's call on revenue

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Full Q3 FY26 analysis

MarginsQ3 FY26 call

Flat

See what AGI Greenpac Ltd said on margins — free account, 30 seconds.

Full Q3 FY26 analysis

CapexQ3 FY26 call

Planned
  • Completed CAPEX of around Rs.220 crores in the nine months ended December 2025, primarily on expanding and optimizing glass business lines.
  • Additional CAPEX of Rs.20-30 crores expected in Q4 FY26, mainly for specialty glass line de-bottlenecking.
  • Large-scale CAPEX of Rs.1,100 to Rs.1,200 crores planned for FY27 with shareholder-approved fund-raising resolution in place.
  • Greenfield container glass facility in Madhya Pradesh underway, aimed at commissioning by March 2027, adding 500 tons per day capacity (approx. 25% capacity increase).
  • Strategic entry into aluminum beverage can segment progressing, with equipment procurement in final stages for 1.6 billion cans annual capacity.

2 more points from AGI Greenpac Ltd's call on capex

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Full Q3 FY26 analysis

FundraisingQ3 FY26 call

Planned

See what AGI Greenpac Ltd said on fundraising — free account, 30 seconds.

Full Q3 FY26 analysis

Order bookQ3 FY26 call

  • It indicates strong demand and operational efficiency, with container glass plants operating at approximately 95% utilization.
  • Specialty glass capacity is at around 85% utilization, reflecting healthy demand.
  • Volume growth is expected around 8%-10%, with incremental capacity additions (25% increase) scheduled by March 2027.
  • The company mentioned a healthy ramp-up and steady demand for high-margin segments such as pharmaceutical, cosmetic, and premium beverages.

2 more points from AGI Greenpac Ltd's call on the order book

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Full Q3 FY26 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does AGI Greenpac Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of AGI Greenpac Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

AGI Greenpac Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +60.23%60.23%60.23%60.23%60.23%60.23%60.23%60.23%60.23%60.39%60.39%60.39%
FIIs +7.60%7.42%7.14%7.20%8.32%7.54%7.61%7.49%7.24%6.78%6.26%6.01%
DIIs +1.34%1.19%1.22%1.31%0.87%1.06%1.51%2.22%2.24%2.03%1.06%0.92%
Government +0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public +30.82%31.16%31.39%31.24%30.55%31.12%30.62%30.03%30.24%30.76%32.26%32.65%
No. of Shareholders61,77967,34360,45952,18350,26853,89953,54654,92255,93957,39058,75756,302

Financials of AGI Greenpac Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +615623622566599658705688602634742785655
Expenses +481472477430445489551546452483589610513
Operating Profit134151146136154169154142150150153175142
OPM %22%24%23%24%26%26%22%21%25%24%21%22%22%
Other Income +531010121637345-15391
Interest2321252023202117111191010
Depreciation41424242474444414344444547
Profit before tax74918984961211261181019515313087
Tax %25%26%28%25%25%25%23%25%25%24%24%23%23%
Net Profit +5667656372919789767211610067
EPS in Rs8.6810.379.989.7711.1413.9914.9313.7311.7711.0717.8715.3910.31

Financials of AGI Greenpac Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,8171,9592,0722,2501,6051,8591,2601,4302,2812,4182,5292,6652,817
Expenses +1,4761,6351,7791,9771,4311,5889941,1651,8201,8571,9152,0702,196
Operating Profit342324292273174271266265462561614595621
OPM %19%17%14%12%11%15%21%19%20%23%24%22%22%
Other Income +413133920-131193927759062
Interest74413356597333285787854840
Depreciation11911411111413114395100126161177171179
Profit before tax1521821501062275126256317340427466464
Tax %32%36%31%29%32%35%30%24%17%26%24%24%
Net Profit +10411610375154888193262251322352354
EPS in Rs14.4116.0814.2510.342.116.7013.6129.8840.4438.8549.8454.4454.64
Dividend Payout %24%25%28%39%142%45%29%17%12%15%14%13%

Financials of AGI Greenpac Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital14141414141413131313131313
Reserves1,4211,3731,4361,4751,2421,2421,2211,3791,5941,8022,0852,3952,516
Borrowings +7516229111,2308759958981,163732616553241430
Other Liabilities +4956447267567076167257247819268469041,076
Total Liabilities2,6822,6543,0883,4752,8382,8682,8563,2793,1193,3573,4963,5534,035
Fixed Assets +1,5601,5141,5231,6811,8421,8201,8311,5291,8621,9702,0322,0232,093
CWIP3463152209117333130414252103195413
Investments14433140352012112111293510026
Other Assets +9441,0451,2731,5508591,0049831,4261,1051,3051,3251,2351,503
Total Assets2,6822,6543,0883,4752,8382,8682,8563,2793,1193,3573,4963,5534,035

Financials of AGI Greenpac Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +26631020558250107349181523588429572
Cash from Investing Activity +-96-69-328-186-285-115-108-348222-352-442-111
Cash from Financing Activity +-205-245248224-63-2-262203-554-235-190-413
Net Cash Flow-35-412496-97-11-21361902-20449
Free Cash Flow180236-20-237-3710226-281243320181182
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit89%118%95%34%153%41%119%85%134%120%89%113%

Financials of AGI Greenpac Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days827270837458927855485754
Inventory Days241239224232174216415279157196194216
Days Payable717589891111032192011241987981
Cash Conversion Cycle2522362042261361702881568747172189
Working Capital Days2620-1601645581461461928
ROCE %10%11%9%7%3%7%8%9%15%18%20%20%

Guidance history

How AGI Greenpac Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q3 FY26 call →0–10%FlatPlannedPlanned—
Q2 FY26 call →0–10%Up 0–2%PlannedPlanned—
Q4 FY25 call →0–10%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−22.4%35%
Last 6 months+1.1%57%
Last 3 months−9.6%46%

The price is 48.3% below its all-time high of ₹1,239.2 (20 Dec 2024). Stocks more than 20% below their peak have their score halved, so 46 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For AGI Greenpac Ltd: 0.4 × 35 + 0.4 × 57 + 0.2 × 46 = 46, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What AGI Greenpac Ltd's management said in earlier quarters

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