Apt Packaging Ltd (506979)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Apt Packaging's revenue was ₹10.7 Cr (+125.7% year on year, +62.3% on the previous quarter), and net profit ₹1.8 Cr; the operating margin was 20.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹10.7 | +125.7% | +62.3% |
| Operating profit | ₹2.2 | +533.9% | +95.9% |
| Net profit | ₹1.8 | — | +159.5% |
| EPS (₹) | 1.54 | — | +161.0% |
| Operating margin | 20.1% | — | — |
📢 Recent Corporate Announcements
Apt Packaging Ltd has scheduled its 46th Annual General Meeting (AGM) for Monday, September 21, 2026, at 03:30 PM. The company has set the cut-off date for e-voting eligibility as September 14, 2026, with remote e-voting active from September 14 to September 18, 2026. Key agenda items include standard statutory adoptions, the re-appointment of Director Sandeep Machhar, and a special resolution approving related party transactions with promoter entity Raila Industrial Corporation Ltd up to ₹50,00,000 for FY 2026-27.
- 46th AGM scheduled on Monday, 21st September, 2026 at 03:30 PM.
- Remote e-voting window runs from 09:00 AM on September 14, 2026, to September 18, 2026.
- Cut-off date to determine e-voting eligibility is Monday, 14th September, 2026.
- Special resolution sought for related party transactions up to ₹50,00,000 with Raila Industrial Corporation Limited for FY 2026-27.
Apt Packaging Ltd has scheduled its 46th Annual General Meeting for Monday, September 21, 2026, at its registered office in Chh. Sambhajinagar. The remote e-voting cut-off date is fixed for September 14, 2026, with voting open from September 14 to September 18, 2026. Key agenda items include adopting FY26 annual accounts, ratifying the appointment of statutory auditors M/s Gautam N. Associates, and re-appointing director Mr. Sandeep Machhar. Additionally, approval is sought for related-party transactions up to ₹50 Lakh with promoter-group entity Raila Industrial Corporation Limited for FY27.
- 46th Annual General Meeting scheduled for Monday, 21st September, 2026 at 03:30 PM
- Remote e-voting window active from 09:00 AM on September 14, 2026 to September 18, 2026
- Record/Cut-off date for determining voting eligibility is Monday, 14th September, 2026
- Special resolution proposed for related-party transactions up to ₹50,00,000 with Raila Industrial Corporation Limited for FY27
APT Packaging Ltd has filed its Annual Report for FY 2025-26 and scheduled its 46th Annual General Meeting for September 21, 2026. Key business on the AGM agenda includes the adoption of FY26 financial statements and approval for related-party transactions up to ₹50 lakh with promoter-group entity Raila Industrial Corporation Limited for FY 2026-27. The annual report notes show notable balance sheet de-risking in FY26, with current ratio recovering to 1.63 times (from 0.34) and debt-to-equity improving to 0.39 times.
- 46th AGM to be held on Monday, September 21, 2026 at 03:30 PM IST.
- Cut-off date for e-voting eligibility set for Monday, September 14, 2026; remote e-voting runs September 14-18, 2026.
- Special resolution proposed for related-party transactions up to ₹50,00,000 (Rupees Fifty Lakhs) with Raila Industrial Corporation Limited for FY 2026-27.
- FY26 financial disclosures report Net Profit Ratio improved to 7.44% (vs 2.25% in FY25) and ROCE at 9.66%.
Apt Packaging has clarified to BSE that it has no undisclosed material events, impending announcements, or price-sensitive information causing recent share price and volume fluctuations. The company noted that trading activity is purely market-driven, though it highlighted strong Q1 (ended June 30, 2026) revenue of ₹1,083.63 Lakhs and net profit of ₹181.65 Lakhs. Additionally, shares issued via preferential allotment in May 2025 became tradeable after lock-in expiry in January 2026, enhancing market liquidity.
- Confirmed no undisclosed material information under Regulation 30 of SEBI LODR Regulations.
- Highlighted Q1 (30 June 2026) revenue of ₹1,083.63 Lakhs compared to ₹485.32 Lakhs in the prior-year period.
- Reported Q1 (30 June 2026) profit of ₹181.65 Lakhs compared to ₹0.98 Lakhs in Q1 of previous year.
- Noted expiry of lock-in from January 2026 on May 2025 preferential allotment shares, increasing market liquidity.
Punjab National Bank (PNB) has sanctioned a renewal-cum-enhancement of credit facilities for Apt Packaging Ltd, revising total limits from ₹366.99 lakh to ₹546.99 lakh. This represents a net facility enhancement of ₹180.00 lakh (₹1.80 Cr), representing ~6.4% of TTM revenue. The fund-based Cash Credit limit was increased from ₹195.00 lakh to ₹500.00 lakh at an effective interest rate of 8.70%, while Non-Fund Based facilities were reduced from ₹125.00 lakh to Nil.
- Total credit facilities revised upward from ₹366.99 lakh to ₹546.99 lakh, a net enhancement of ₹180.00 lakh
- Fund-based Cash Credit limit enhanced from ₹195.00 lakh to ₹500.00 lakh
- Non-Fund Based facilities eliminated from ₹125.00 lakh to Nil
- Effective interest rate on Cash Credit sanctioned at 8.70% (RLLR-linked)
Apt Packaging's Board of Directors approved the un-audited standalone financial results for the quarter ended June 30, 2026, in a meeting held on July 27, 2026. While the specific P&L figures were not detailed in the summary text, the company confirmed there are no outstanding loan defaults or deviations in the use of proceeds from any issues. This follows a TTM period where the company generated Rs 22 Cr in revenue and Rs 2 Cr in PAT. Investors should note the company's small scale (Rs 90 Cr market cap) and its ongoing efforts to stabilize the balance sheet through a previously planned Rs 19.65 Cr preferential allotment.
- Board approved un-audited financial results for the quarter ended June 30, 2026
- Board meeting duration was 45 minutes, commencing at 4:00 PM and concluding at 4:45 PM
- Confirmed 'Not Applicable' status for outstanding loan defaults and debt security defaults
- Confirmed 'Not Applicable' status for any deviation or variation in proceeds from public or preferential issues
- Company maintains a promoter holding of 50.17% as of the June 2026 quarter
Apt Packaging's board approved the unaudited financial results for the quarter ended June 30, 2026, in a meeting held on July 27, 2026. While specific P&L figures were not detailed in the summary text, the filing notably includes a 'Statement of Impact of Audit Qualifications,' indicating potential accounting or compliance issues. The company reported no defaults on loans or deviations in the use of issue proceeds. With a TTM revenue of ₹22 Cr and a high P/E of 55.8, the impact of these audit qualifications is a key monitorable for shareholders.
- Board meeting concluded within 45 minutes (4:00 PM to 4:45 PM) on July 27, 2026
- Submission includes Annexure E: Statement of Impact of Audit Qualifications, signaling non-standard audit remarks
- Reported zero outstanding defaults on loans and debt securities as per Annexure C
- No deviations or variations reported for proceeds of public or preferential issues (Annexure B)
- Company maintains a TTM revenue of ₹22 Cr against a market capitalization of ₹90 Cr
Apt Packaging Ltd's board met on July 27, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company confirmed there were no deviations in the use of proceeds from any public or preferential issues and reported no outstanding loan defaults. This follows a strong March 2026 quarter where the company recorded a revenue of Rs 6.62 Cr and a net profit of Rs 0.7 Cr. Investors should note the company's high P/E of 55.8 relative to its modest TTM revenue of Rs 22 Cr.
- Board approved the unaudited standalone financial results for the quarter ended June 30, 2026.
- Confirmed zero outstanding defaults on loans and debt securities as per Annexure C.
- Reported no deviations or variations in the use of proceeds from public or preferential issues.
- The board meeting was conducted efficiently, lasting 45 minutes from 4:00 PM to 4:45 PM.
Apt Packaging Ltd has scheduled a board meeting for July 27, 2026, to consider and approve the standalone unaudited financial results for the quarter ended June 30, 2026. The board will also review and approve the draft notice, Directors' Report, and Corporate Governance Report for the previous financial year (FY 2025-26). Additionally, the meeting will fix the date for the Annual General Meeting (AGM) and the book closure period. The trading window for the company's equity shares has been closed since July 1, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for July 27, 2026
- Financial results for the quarter ended June 30, 2026, to be approved
- FY 2025-26 annual reports and AGM date to be finalized
- Trading window closed since July 1, 2026
Financial Performance
Revenue Growth by Segment
Total revenue grew by 6.14% YoY, reaching INR 13.60 Cr in FY25 compared to INR 12.81 Cr in FY24. Segment-specific growth percentages were not disclosed, but growth was attributed to technological up-gradation and operational efficiencies in the plastic tube manufacturing business.
Geographic Revenue Split
Not explicitly disclosed by percentage; however, the company operates manufacturing plants in Aurangabad (Maharashtra) and Laksar, Haridwar (Uttarakhand), serving both domestic and overseas markets.
Profitability Margins
Net Profit margin improved significantly to 2.62% in FY25 (INR 0.36 Cr) from a negative margin of -19.61% in FY24 (Loss of INR 2.52 Cr). This turnaround was driven by cost reduction initiatives and improved supply chain dynamics.
EBITDA Margin
EBITDA (PBILDT) margin stood at 10.17% (INR 1.40 Cr) in FY25, a substantial recovery from the negative EBITDA of INR -1.58 Cr in FY24, reflecting improved core operational profitability.
Capital Expenditure
The company completed a preferential allotment of equity shares on May 8, 2025, raising INR 19.65 Cr (including premium) to improve net worth and likely fund technological upgrades, though specific historical CapEx figures were not disclosed.
Credit Rating & Borrowing
The company carries a 'CARE D' (Default) rating as of November 2025 due to delays in debt servicing. Bank limit utilization was high at 98.70% for the 13 months ended September 2024, indicating severe liquidity constraints.
Operational Drivers
Raw Materials
Plastic resins and polymers (used for co-extruded tubes) represent the primary raw material cost, though the exact percentage of total cost was not disclosed.
Capacity Expansion
Current installed capacity is approximately 2.3 lakh pieces per day (approx. 84 million pieces annually). Planned expansion details were not quantified, but the company is focusing on 'technological up-gradation' to improve output.
Raw Material Costs
Raw material costs are subject to high volatility; fluctuations in plastic prices directly impact production margins. Specific YoY cost change percentages were not disclosed.
Manufacturing Efficiency
Efficiency is being targeted through technological up-gradation and resource consolidation to reduce overall costs and enhance profitability.
Strategic Growth
Growth Strategy
Growth is targeted through a preferential allotment of INR 19.65 Cr to stabilize the balance sheet, technological up-gradation to compete with larger peers, and the integration of new income sources to diversify the revenue base.
Products & Services
Co-extruded plastic tubes in various shapes and sizes (10 ml to 300 ml fill size) for pharmaceutical and FMCG sectors.
Brand Portfolio
APT Packaging (formerly Anil Chemicals & Industries).
New Products/Services
The company has identified and integrated a 'new source of income' to open fresh growth avenues, though the specific product and its revenue contribution % were not disclosed.
Market Expansion
The company aims to strengthen its competitive position in both domestic and overseas markets through quality-enhanced products.
External Factors
Industry Trends
The packaging industry is seeing increased acceptance of quality-enhanced products and evolving customer demand for specialized co-extruded tubes.
Competitive Landscape
Intense competition from well-established players with greater technological expertise and stronger financial resources.
Competitive Moat
The primary moat is the 30+ years of experience of the promoters in the packaging industry, which helps maintain long-standing customer relationships.
Macro Economic Sensitivity
The company is sensitive to fluctuations in the pharmaceutical and FMCG sectors, which drive demand for packaging tubes.
Consumer Behavior
Shift toward more sophisticated and varied packaging sizes (10ml-300ml) in the pharma and cosmetic industries.
Regulatory & Governance
Industry Regulations
Operations are subject to evolving legal frameworks and regulatory requirements for plastic manufacturing and co-extrusion processes.
Legal Contingencies
Pending GST liability of INR 20.70 Lakhs for FY 2019-20 currently under appeal. Also, a qualified audit opinion was issued for non-payment of INR 0.57 Lakhs in interest to MSME parties.
Risk Analysis
Key Uncertainties
The company's accumulated losses exceeded its net worth as of March 31, 2025 (Net Worth: INR -4.66 Cr), creating material uncertainty regarding its ability to continue as a going concern, although the May 2025 equity infusion of INR 19.65 Cr mitigated this.
Geographic Concentration Risk
Manufacturing is concentrated in Maharashtra and Uttarakhand, making it dependent on the industrial climate of these two states.
Technology Obsolescence Risk
High risk; limited financial resources restrict the ability to invest in advanced technological upgrades compared to larger industry peers.
Credit & Counterparty Risk
Trade receivables and payables are subject to confirmation/reconciliation, which may impact the accuracy of the financial position.
