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Knack Packaging Q2 FY27 Share Price & Earnings Call Analysis

₹186.58+1.30% today
Market cap
₹2,283 Cr
P/E
23.87
ROE
34.71%
PEG
0.42
Price to sales
2.82
Debt to equity
0.28
52W high / low
₹222 / ₹171
Sales growth (5Y)
17.12%
EBITDA margin
17.97%
Net profit margin
11.14%
Promoter holding
70.59%
Sales (last year)
₹810 Cr

Incorporated in 2013, Knack Packaging Ltd. is an integrated packaging solutions provider focusing on innovation, exports, and sustainability.[1]

Guidance scorecard · Q2 FY27 call

What Knack Packaging's management guided
and where it ranks in Industrial Products

#32of 100 in
Industrial Products
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

20–40%
  • Volume growth is expected to continue in Q3 and Q4 FY27, supported by the ramp-up of contracted orders, including a renewed international contract.
  • Higher wallet share from existing clients is anticipated to contribute to growth.
  • The new Gujarat plant's timely completion and utilization in 2027 is a key focus to support capacity expansion.
  • The transition to pinch-bottom bags and added capacity (such as the recent addition of 5,040 metric tons in August) will drive volume increases.
  • Exports to over 72 countries and growth in industries like dog food and rice packaging provide strong demand visibility.

2 more points from Knack Packaging's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 0–2%

See what Knack Packaging said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Knack Packaging recently added a new rented plant with 5,040 metric tons capacity in August; currently ramping up with ~50% utilization expected by Q3 FY27.
  • A key expansion deadline is set for October 2027, targeting increased production capacity before then.
  • A new Gujarat plant is a significant milestone; timely completion and optimal utilization will be a primary focus throughout 2027.
  • The overall installed capacity is expected to rise from about 42,000 metric tons annually to approximately 70,000-72,000 metric tons post-expansion.
  • Of this increased capacity, around 30,000-32,000 metric tons will come from pinch bottom bag machines, with plans to add 2 new pinch machines by October 2027.

2 more points from Knack Packaging's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Knack Packaging said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • Knack Packaging has a renewed international contract worth a minimum of INR 150 crores annually, extended for 3 years.
  • The contract covers orders from an existing customer operating in more than 100 countries, currently serving about 8 to 9 countries.
  • This international contract is expected to contribute significantly to volume growth in Q3 and Q4 FY27.
  • The ramp-up of contracted orders including this renewed contract is a key driver for expected volume growth.
  • The company anticipates volume growth supported by higher wallet share from existing clients.

2 more points from Knack Packaging's call on the order book

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Full Q2 FY27 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 Knack Packaging 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%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

Sign up free to see every company in the sector ranking and track Knack Packaging.

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

Financials of Knack Packaging

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

Shareholder Pattern

Knack Packaging

Shareholding breakup across reporting periods.

Sep 2026
Promoters +70.59%
FIIs +1.28%
DIIs +7.10%
Public +21.04%
No. of Shareholders28,335

Financials of Knack Packaging

Quarterly Results

Quarter-by-quarter operating performance

Jun 2025Sep 2025Mar 2026Jun 2026Sep 2026
Sales +183192210257290
Expenses +147160178203252
Operating Profit3631325338
OPM %20%16%15%21%13%
Other Income +1610210
Interest43444
Depreciation7771010
Profit before tax2728314233
Tax %26%26%26%25%22%
Net Profit +2020233226
EPS in Rs1.982.042.293.152.11

Financials of Knack Packaging

Profit & Loss

Annual income statement trend

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +367479513643727810
Expenses +319427456547597664
Operating Profit48525795130146
OPM %13%11%11%15%18%18%
Other Income +00-051120
Interest899151716
Depreciation131617242829
Profit before tax2727316196120
Tax %25%25%26%26%26%26%
Net Profit +202023457189
EPS in Rs2.002.022.284.517.118.94
Dividend Payout %0%0%0%0%0%0%

Financials of Knack Packaging

Balance Sheet

Capital structure and asset base

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital55555100122
Reserves5878101139210205599
Borrowings +105104123190188206205
Other Liabilities +42374949457896
Total Liabilities2102242783824485891,023
Fixed Assets +858097162161245264
CWIP00011300
Investments0000055
Other Assets +125144180220274338754
Total Assets2102242783824485891,023

Financials of Knack Packaging

Cash Flows

Operating, investing and financing cash movement

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +202126339391
Cash from Investing Activity +-32-12-34-69-67-100
Cash from Financing Activity +15-101035-193
Net Cash Flow3-02-17-6
Free Cash Flow-1210-8-3635-12
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit54%45%61%50%88%78%

Financials of Knack Packaging

Ratios

Working capital efficiency and return ratios

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days655864686160
Inventory Days555155807691
Days Payable392533392831
Cash Conversion Cycle818487109109120
Working Capital Days453942273528
ROCE %20%19%27%30%30%

Guidance history

How Knack Packaging's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%Up 0–2%Planned—Rising
Q1 FY27 call →20–40%FlatPlannedPlannedRising

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

Continue your research

What Knack Packaging's management said in earlier quarters

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