Kanpur Plastipack Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹591 Cr
- P/E
- 13.61
- ROE
- 15.61%
- PEG
- 0.15
- Price to sales
- 0.80
- Debt to equity
- 0.42
- 52W high / low
- ₹277 / ₹157
- Sales growth (5Y)
- 9.72%
- EBITDA margin
- 9.24%
- Net profit margin
- 5.13%
- Promoter holding
- 68.03%
- Sales (last year)
- ₹739 Cr
Incorporated in 1971, Kanpur Plastipack Ltd manufactures HDPE /PP Woven Sacks, PP Box Bags, FIBC, Fabrics and High Tenacity PP MFY[1]
Guidance scorecard · Q2 FY27 call
What Kanpur Plastipack Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
20–40%- Kanpur Plastipack targets reaching Rs. 1,000 to 1,050 crores in revenue by FY 2028-29 with current installed capacity and trading turnover.
- FIBC capacity expansion planned at 6,000 metric tons over five years; target 5,000 tons per quarter by FY 2027-28.
- Premium polypropylene yarn (Essekkan) revenue expected around Rs. 10 crores in the current year, aiming to grow to Rs. 100 crores in four years.
- Non-woven technical textiles facility commissioning expected by Q3 FY 2026-27, providing new growth avenues.
- The Italian JV is projected to grow revenues from Rs. 10 crores to Rs. 100 crores over the coming years, with measurable results expected starting Q4 FY 2026-27.
- Trading revenues are opportunistic with no strategic scaling focus.
2 more points from Kanpur Plastipack Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Kanpur Plastipack Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- New term loan of Rs. 40 crores planned for funding new project(s) increasing long-term debt from Rs. 34 crores to around Rs. 74 crores by year-end.
- Investment in non-woven technical textiles progressing, with construction and installation on schedule; revenues expected to start from Q3 FY '26-'27.
- Continued focus on automation, efficiency, and technology upgrades to improve productivity and reduce costs.
FundraisingQ1 FY27 call
See what Kanpur Plastipack Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Flat- Demand visibility currently stands at about four weeks, reflecting cautious customer procurement behavior amid high prices.
- The company has a four-week order book visibility due to customers' preference for cautious procurement given price volatility.
- The current order book is described as limited to about four weeks’ worth of business volume.
- There was mention of a total contract value of Rs. 15 crore related to a coating supply to the Government of India.
2 more points from Kanpur Plastipack 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 rankingFinancials of Kanpur Plastipack Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kanpur Plastipack 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 + | 66.74% | 66.74% | 66.74% | 66.74% | 66.74% | 66.74% | 67.26% | 67.63% | 67.63% | 68.12% | 68.03% | 68.03% |
| FIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.03% | 0.00% | 0.00% | 0.02% | 0.00% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.97% | 1.11% | 1.48% | 1.40% | 1.68% |
| Public + | 33.27% | 33.26% | 33.25% | 33.26% | 33.25% | 33.27% | 32.68% | 31.37% | 31.26% | 30.39% | 30.55% | 30.29% |
| No. of Shareholders | 9,293 | 10,346 | 9,697 | 9,007 | 8,893 | 8,774 | 8,175 | 8,057 | 7,844 | 7,583 | 7,552 | 8,138 |
Pros & Cons
Kanpur Plastipack Ltd
Key positives and risks surfaced from the company insights section.
- The company has delivered a poor sales growth of 9.72% over past five years.
- Company has a low return on equity of 7.90% over last 3 years.
- The company has delivered a poor sales growth of 9.72% over past five years.
- Company has a low return on equity of 7.90% over last 3 years.
Financials of Kanpur Plastipack Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 120 | 123 | 150 | 132 | 152 | 161 | 168 | 180 | 165 | 192 | 179 | 203 | 235 |
| Expenses + | 111 | 126 | 142 | 129 | 142 | 146 | 151 | 167 | 150 | 177 | 158 | 185 | 213 |
| Operating Profit | 8 | -4 | 8 | 3 | 9 | 15 | 17 | 13 | 15 | 14 | 21 | 18 | 22 |
| OPM % | 7% | -2.9% | 5% | 2.3% | 6% | 9% | 10% | 7% | 9% | 7% | 12% | 9% | 9% |
| Other Income + | 2 | 2 | 5 | 4 | 2 | 3 | -5 | 2 | 1 | 4 | 4 | 4 | 4 |
| Interest | 4 | 4 | 6 | 5 | 5 | 5 | 4 | 3 | 3 | 2 | 3 | 3 | 3 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 3 | -8 | 3 | -2 | 2 | 9 | 5 | 8 | 10 | 12 | 20 | 16 | 20 |
| Tax % | 28% | -18% | 13% | -25% | 36% | 19% | 44% | 30% | 25% | 25% | 25% | 26% | 23% |
| Net Profit + | 2 | -7 | 3 | -1 | 1 | 7 | 3 | 6 | 7 | 9 | 15 | 12 | 15 |
| EPS in Rs | 1.05 | -3.14 | 1.21 | -0.55 | 0.67 | 3.32 | 1.31 | 2.47 | 3.12 | 3.84 | 5.96 | 4.96 | 6.15 |
Financials of Kanpur Plastipack 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 + | 244 | 247 | 243 | 278 | 318 | 314 | 451 | 624 | 476 | 492 | 563 | 716 | 808 |
| Expenses + | 218 | 210 | 210 | 249 | 296 | 296 | 395 | 575 | 452 | 473 | 519 | 651 | 734 |
| Operating Profit | 26 | 37 | 33 | 28 | 22 | 18 | 55 | 49 | 24 | 19 | 44 | 65 | 75 |
| OPM % | 11% | 15% | 14% | 10% | 7% | 6% | 12% | 8% | 5% | 3.9% | 8% | 9% | 9% |
| Other Income + | 3 | 1 | 1 | 7 | 16 | 8 | 7 | 12 | 2 | 11 | -1 | 8 | 16 |
| Interest | 9 | 8 | 7 | 6 | 9 | 11 | 9 | 14 | 12 | 17 | 14 | 12 | 10 |
| Depreciation | 4 | 4 | 4 | 4 | 7 | 9 | 9 | 11 | 11 | 13 | 12 | 12 | 12 |
| Profit before tax | 17 | 26 | 23 | 24 | 22 | 6 | 44 | 37 | 3 | 1 | 16 | 50 | 68 |
| Tax % | 31% | 36% | 37% | 35% | 25% | 22% | 31% | 29% | -55% | 66% | 34% | 26% | |
| Net Profit + | 11 | 16 | 14 | 16 | 16 | 5 | 30 | 26 | 4 | 0 | 11 | 37 | 51 |
| EPS in Rs | 5.33 | 7.66 | 6.73 | 7.40 | 7.53 | 2.29 | 14.11 | 12.21 | 1.91 | 0.17 | 4.76 | 15.07 | 20.91 |
| Dividend Payout % | 8% | 3% | 15% | 15% | 16% | 17% | 13% | 18% | 26% | 0% | 19% | 8% |
Financials of Kanpur Plastipack 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 12 | 13 | 14 | 14 | 14 | 21 | 21 | 21 | 22 | 24 | 25 |
| Reserves | 46 | 61 | 70 | 91 | 112 | 114 | 143 | 158 | 159 | 159 | 183 | 241 | 266 |
| Borrowings + | 75 | 67 | 83 | 89 | 128 | 107 | 158 | 183 | 166 | 224 | 147 | 112 | 163 |
| Other Liabilities + | 35 | 37 | 27 | 35 | 33 | 31 | 61 | 59 | 61 | 71 | 137 | 87 | 101 |
| Total Liabilities | 165 | 173 | 193 | 230 | 288 | 266 | 377 | 420 | 407 | 475 | 488 | 465 | 554 |
| Fixed Assets + | 66 | 70 | 73 | 78 | 164 | 164 | 185 | 210 | 204 | 274 | 204 | 198 | 207 |
| CWIP | 0 | 0 | 3 | 35 | 2 | 0 | 2 | 2 | 36 | 2 | 1 | 9 | 46 |
| Investments | 0 | 0 | 6 | 4 | 6 | 0 | 5 | 8 | 9 | 8 | 8 | 18 | 18 |
| Other Assets + | 98 | 103 | 110 | 112 | 116 | 102 | 184 | 201 | 158 | 192 | 275 | 241 | 283 |
| Total Assets | 165 | 173 | 193 | 230 | 288 | 266 | 377 | 420 | 407 | 475 | 488 | 465 | 554 |
Financials of Kanpur Plastipack 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 + | 35 | 24 | 7 | 29 | 26 | 41 | -3 | 28 | 66 | -4 | 37 | 56 |
| Cash from Investing Activity + | -9 | -6 | -14 | -38 | -60 | -1 | -36 | -36 | -40 | -40 | -5 | 17 |
| Cash from Financing Activity + | -25 | -18 | 8 | 9 | 34 | -40 | 41 | 6 | -26 | 45 | -25 | -77 |
| Net Cash Flow | 0 | -0 | -0 | 0 | 0 | -0 | 3 | -3 | 0 | 1 | 6 | -5 |
| Free Cash Flow | 24 | 17 | -3 | -13 | -33 | 33 | -35 | -8 | 24 | -46 | 30 | 80 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 150% | 88% | 43% | 130% | 143% | 233% | 10% | 70% | 281% | -19% | 86% | 104% |
Financials of Kanpur Plastipack 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 | 65 | 66 | 78 | 76 | 53 | 47 | 45 | 36 | 38 | 55 | 58 | 48 |
| Inventory Days | 78 | 76 | 112 | 93 | 96 | 92 | 149 | 113 | 102 | 117 | 116 | 85 |
| Days Payable | 25 | 16 | 14 | 21 | 14 | 11 | 24 | 15 | 18 | 21 | 19 | 18 |
| Cash Conversion Cycle | 118 | 126 | 176 | 149 | 136 | 128 | 169 | 134 | 122 | 151 | 155 | 115 |
| Working Capital Days | 22 | 33 | 31 | 30 | 24 | 34 | 26 | 23 | 17 | 7 | 24 | 45 |
| ROCE % | 19% | 25% | 20% | 17% | 14% | 7% | 19% | 15% | 5% | 5% | 11% | 17% |
Guidance history
How Kanpur Plastipack Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Flat |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Flat |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
76 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +19.1% | 74% |
| Last 6 months | +14.6% | 72% |
| Last 3 months | +16.3% | 86% |
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 Kanpur Plastipack Ltd: 0.4 × 74 + 0.4 × 72 + 0.2 × 86 = 76.
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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