EPL Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,940 Cr
- P/E
- 16.90
- ROE
- 15.73%
- PEG
- 0.78
- Price to sales
- 1.37
- Debt to equity
- 0.34
- 52W high / low
- ₹270 / ₹180
- Sales growth (5Y)
- 9.03%
- EBITDA margin
- 19.81%
- Net profit margin
- 8.72%
- Sales (last year)
- ₹5,043 Cr
EPL Limited (formerly known as Essel Propack Limited),is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral and Home.
Guidance scorecard · Q1 FY27 call
What EPL Ltd's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- EPL Limited raised its revenue growth guidance to high teens from low double digits for the coming quarters, reflecting strong momentum.
- Continued strong growth in Beauty & Cosmetics (B&C) category with potential to double market share from 8% to 16% over the next few years.
- Oral Care category has shown a significant recovery and growth above 20%.
- Underlying revenue growth (excluding Middle East pricing impact) was 20% this quarter.
- Volume growth is strong but influenced by product mix and pricing differences across categories and countries.
- Expansion into new markets like Thailand and investments in emerging markets such as Southeast Asia and Africa through the Indovida merger.
2 more points from EPL Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what EPL Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- EPL Limited is making significant proactive growth investments ahead of the curve in key strategic areas, including both opex and capex.
- Investments include setting up a full-service center of excellence for Beauty & Cosmetics (B&C) in India.
- The sales team has been divisionalized with separate teams for B&C and Oral care to better serve these segments.
- Capex investments are made ahead of the growth curve to be ready for additional demand.
- In Europe, investments are focused on expanding capacities for extruded tubes, printing, and Beauty & Cosmetics capabilities like die and tooling.
- Investments in the Americas involve both operating and capex to enhance capabilities in Brazil and the U.S., including outsourcing specialized items for Beauty & Cosmetics.
- Thailand operations, a significant B&C market, are beginning to ramp up, contributing to growth.
2 more points from EPL Ltd's call on capex
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FundraisingQ1 FY27 call
See what EPL Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company is seeing strong demand momentum across categories, especially in Beauty & Cosmetics, with potential to double market share in coming years.
- Management highlights promising sales pipeline in Europe due to investments in capacity and capabilities.
- Investments and capacity expansions indicate preparation for higher future demand.
2 more points from EPL Ltd's call on the order book
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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
- Strong growth2
- Strong growth1
- Strong growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingEPL Ltd announcements
All announcements →- Acquisition / mergerNotableEPL Limited receives no-objection letters from BSE and NSE for Scheme of Amalgamation
Financials of EPL Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
EPL Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 51.50% | 51.50% | 51.50% | 51.47% | 51.45% | 51.31% | 26.42% | 26.40% | 26.38% | 26.38% | 26.38% | 0.00% |
| FIIs + | 9.89% | 10.91% | 11.35% | 13.43% | 14.94% | 16.51% | 17.23% | 17.43% | 17.57% | 17.22% | 14.07% | 23.70% |
| DIIs + | 14.52% | 13.35% | 11.55% | 11.20% | 11.58% | 10.98% | 10.44% | 9.97% | 9.55% | 10.20% | 13.80% | 23.89% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
| Public + | 24.07% | 24.22% | 25.58% | 23.89% | 22.03% | 21.20% | 45.90% | 46.21% | 46.49% | 46.20% | 45.75% | 52.38% |
| No. of Shareholders | 82,109 | 85,877 | 93,063 | 96,754 | 94,921 | 93,172 | 1,12,227 | 1,16,452 | 1,02,302 | 95,910 | 91,469 | 93,277 |
Financials of EPL Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 910 | 1,002 | 975 | 1,029 | 1,007 | 1,086 | 1,014 | 1,105 | 1,108 | 1,206 | 1,149 | 1,300 | 1,388 |
| Expenses + | 751 | 821 | 792 | 838 | 822 | 868 | 813 | 877 | 881 | 954 | 919 | 1,044 | 1,127 |
| Operating Profit | 159 | 181 | 183 | 191 | 186 | 219 | 202 | 228 | 227 | 252 | 230 | 256 | 261 |
| OPM % | 17% | 18% | 19% | 19% | 18% | 20% | 20% | 21% | 20% | 21% | 20% | 20% | 19% |
| Other Income + | 11 | 11 | 24 | -44 | 6 | 14 | 13 | 11 | 8 | 12 | 2 | -7 | 6 |
| Interest | 24 | 31 | 29 | 32 | 29 | 29 | 27 | 28 | 28 | 28 | 29 | 29 | 29 |
| Depreciation | 80 | 84 | 84 | 85 | 84 | 85 | 86 | 88 | 90 | 94 | 97 | 104 | 109 |
| Profit before tax | 66 | 78 | 94 | 30 | 80 | 118 | 100 | 123 | 117 | 141 | 107 | 116 | 129 |
| Tax % | 16% | 33% | 7% | 50% | 17% | 25% | 6% | 6% | 14% | 25% | 22% | 11% | 22% |
| Net Profit + | 56 | 52 | 87 | 15 | 66 | 88 | 94 | 116 | 101 | 106 | 83 | 103 | 101 |
| EPS in Rs | 1.71 | 1.59 | 2.71 | 0.70 | 2.02 | 2.73 | 2.93 | 3.58 | 3.13 | 3.26 | 2.55 | 3.21 | 3.08 |
Financials of EPL Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,321 | 2,128 | 2,302 | 2,424 | 2,707 | 2,761 | 3,092 | 3,433 | 3,694 | 3,916 | 4,213 | 4,763 | 5,043 |
| Expenses + | 1,929 | 1,723 | 1,880 | 1,960 | 2,208 | 2,204 | 2,481 | 2,864 | 3,119 | 3,201 | 3,376 | 3,798 | 4,044 |
| Operating Profit | 392 | 404 | 422 | 464 | 499 | 558 | 611 | 569 | 575 | 715 | 837 | 965 | 999 |
| OPM % | 17% | 19% | 18% | 19% | 18% | 20% | 20% | 17% | 16% | 18% | 20% | 20% | 20% |
| Other Income + | 26 | 30 | 52 | 21 | 37 | 3 | -2 | 11 | 41 | 2 | 41 | 15 | 14 |
| Interest | 79 | 61 | 58 | 55 | 61 | 56 | 43 | 40 | 67 | 116 | 114 | 115 | 116 |
| Depreciation | 132 | 123 | 141 | 167 | 186 | 230 | 235 | 251 | 280 | 333 | 343 | 385 | 405 |
| Profit before tax | 206 | 251 | 274 | 263 | 289 | 275 | 331 | 289 | 268 | 268 | 422 | 481 | 492 |
| Tax % | 30% | 31% | 29% | 34% | 32% | 23% | 26% | 23% | 14% | 22% | 14% | 18% | |
| Net Profit + | 145 | 173 | 196 | 174 | 195 | 212 | 244 | 221 | 231 | 210 | 364 | 394 | 393 |
| EPS in Rs | 4.48 | 5.41 | 6.06 | 5.46 | 6.11 | 6.57 | 7.58 | 6.79 | 7.12 | 6.70 | 11.23 | 12.14 | 12.10 |
| Dividend Payout % | 18% | 20% | 20% | 22% | 20% | 50% | 54% | 63% | 60% | 66% | 44% | 21% |
Financials of EPL Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 63 | 63 | 63 | 63 | 64 | 64 | 64 | 64 |
| Reserves | 752 | 933 | 1,008 | 1,219 | 1,325 | 1,470 | 1,635 | 1,761 | 1,926 | 2,028 | 2,291 | 2,794 |
| Borrowings + | 962 | 709 | 798 | 734 | 632 | 737 | 642 | 769 | 890 | 912 | 802 | 962 |
| Other Liabilities + | 365 | 334 | 412 | 452 | 492 | 526 | 654 | 670 | 723 | 767 | 795 | 1,015 |
| Total Liabilities | 2,110 | 2,008 | 2,250 | 2,437 | 2,513 | 2,796 | 2,994 | 3,264 | 3,601 | 3,771 | 3,952 | 4,836 |
| Fixed Assets + | 887 | 924 | 1,179 | 1,184 | 1,307 | 1,364 | 1,531 | 1,473 | 1,694 | 1,912 | 1,970 | 2,397 |
| CWIP | 89 | 57 | 19 | 42 | 41 | 35 | 27 | 147 | 178 | 72 | 73 | 153 |
| Investments | 46 | 30 | 15 | 13 | 17 | 16 | 15 | 7 | 19 | 8 | 39 | 24 |
| Other Assets + | 1,088 | 996 | 1,036 | 1,198 | 1,147 | 1,381 | 1,421 | 1,636 | 1,711 | 1,780 | 1,870 | 2,261 |
| Total Assets | 2,110 | 2,008 | 2,250 | 2,437 | 2,513 | 2,796 | 2,994 | 3,264 | 3,601 | 3,771 | 3,952 | 4,836 |
Financials of EPL Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 313 | 361 | 369 | 343 | 356 | 471 | 522 | 312 | 602 | 586 | 795 | 723 |
| Cash from Investing Activity + | -145 | -46 | -279 | -156 | -188 | -108 | -278 | -266 | -412 | -361 | -374 | -442 |
| Cash from Financing Activity + | -168 | -320 | -76 | -154 | -194 | -142 | -319 | -95 | -138 | -263 | -431 | -274 |
| Net Cash Flow | 0 | -5 | 13 | 34 | -25 | 221 | -75 | -50 | 52 | -37 | -10 | 6 |
| Free Cash Flow | 114 | 165 | 162 | 206 | 56 | 364 | 350 | 45 | 219 | 215 | 439 | 250 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 89% | 110% | 106% | 92% | 89% | 98% | 100% | 68% | 112% | 94% | 103% | 86% |
Financials of EPL Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59 | 57 | 60 | 69 | 67 | 65 | 70 | 68 | 64 | 65 | 61 | 67 |
| Inventory Days | 74 | 79 | 89 | 101 | 101 | 116 | 117 | 143 | 133 | 144 | 151 | 177 |
| Days Payable | 52 | 51 | 53 | 66 | 65 | 112 | 119 | 109 | 109 | 125 | 125 | 147 |
| Cash Conversion Cycle | 82 | 85 | 95 | 104 | 103 | 70 | 67 | 102 | 87 | 85 | 87 | 97 |
| Working Capital Days | 41 | 68 | 50 | 44 | 51 | 23 | 39 | 47 | 40 | 33 | 31 | 42 |
| ROCE % | 16% | 18% | 17% | 17% | 17% | 16% | 17% | 13% | 12% | 15% | 17% | 18% |
Guidance history
How EPL Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
30 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +7.5% | 68% |
| Last 6 months | −4.2% | 49% |
| Last 3 months | −2.6% | 63% |
The price is 26.1% below its all-time high of ₹293.45 (21 Aug 2020). Stocks more than 20% below their peak have their score halved, so 59 became 30.
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 EPL Ltd: 0.4 × 68 + 0.4 × 49 + 0.2 × 63 = 59, halved to 30 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.
Continue your research
What EPL Ltd's management said in earlier quarters
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