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AGI - AGI Greenpac

📊 NSE: AGI 🏢 Packaging 📅 Last Updated: 12/13/2025 17:59

📢 Recent Corporate Announcements

AGI Greenpac FY26 PAT Rises 9% to ₹352 Cr; Recommends ₹7 Dividend per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Apr 2026, 08:15 PM

AGI Greenpac reported a steady performance for FY26, with consolidated revenue growing 5.4% to ₹2,665.32 crore. Net profit for the year increased by 9.1% to ₹351.66 crore, supported by a strong Q4 performance where PAT jumped 19.4% year-on-year to ₹115.38 crore. The board has recommended a significant final dividend of ₹7 per share (350% of face value). Notably, the company strengthened its balance sheet by reducing outstanding qualified borrowings from ₹420.50 crore to ₹205.19 crore over the fiscal year.

Consolidated Revenue for FY26 grew 5.4% YoY to ₹2,665.32 crore.
Net Profit for Q4 FY26 surged 19.4% YoY to ₹115.38 crore compared to ₹96.61 crore.
Board recommended a final dividend of ₹7 per equity share (350%) for FY26.
Outstanding qualified borrowings reduced significantly by 51% to ₹205.19 crore.
Re-appointed Mr. Sandip Somany as Chairman and Managing Director for a 5-year term.

💡 Investors should take note of the strong Q4 margin improvement and the company's aggressive debt reduction. The high dividend payout and management continuity provide further confidence in the stock's long-term value.

AGI Greenpac FY26 PAT Rises 9% to ₹351.66 Cr; Recommends ₹7 Dividend per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Apr 2026, 07:21 PM

AGI Greenpac reported a steady financial performance for FY26, with consolidated revenue growing 5.4% to ₹2,665.32 crore. Net profit for the year increased by 9% to ₹351.66 crore, driven by a strong Q4 performance where PAT rose 19.4% YoY to ₹115.38 crore. The board has recommended a substantial final dividend of ₹7 per share (350% of face value) and confirmed the re-appointment of Sandip Somany as CMD for a five-year term.

Consolidated Revenue for FY26 increased to ₹2,665.32 crore from ₹2,528.82 crore in FY25.
Full-year Net Profit (PAT) grew 9% to ₹351.66 crore compared to ₹322.42 crore in the previous year.
Recommended a final dividend of ₹7 per equity share (350%) with a record date of September 15, 2026.
Finance costs significantly decreased to ₹47.99 crore in FY26 from ₹84.67 crore in FY25, improving margins.
Q4 FY26 standalone revenue stood at ₹742.39 crore with a PAT of ₹115.60 crore.

💡 Investors should note the improving profitability and significant reduction in finance costs as signs of operational efficiency. The high dividend payout offers an attractive yield, making it a positive hold for long-term investors ahead of the September record date.

AGI Greenpac Completes 19.75% Stake Acquisition in MOB AI for ₹4.43 Crore

🟡 NEUTRAL ⭐ 5/10

M&A 📅 22 Apr 2026, 03:15 PM

AGI Greenpac Limited has completed its second tranche of investment in Madoverbuilding AI Private Limited (MOB AI), a B2B e-commerce marketplace for construction materials. With this final tranche of ₹1.43 crore, the company's total investment stands at ₹4.43 crore for a 19.75% stake. The target entity, MOB AI, reported a turnover of ₹3.25 crore for FY 2024-25. This strategic move is intended to help AGI Greenpac gain exposure to emerging technologies and digital business models that complement its core operations.

Completed Tranche 2 investment to reach a final aggregate stake of 19.75% in MOB AI.
Total cash consideration for the 19.75% stake amounts to ₹4,42,95,193.
MOB AI is a B2B marketplace for building and interior materials with a FY25 turnover of ₹3.25 crore.
The final stake was revised to 19.75% from the initially planned 25% subscription.
Investment aims to leverage innovative ventures in the e-commerce and logistics space.

💡 Investors should view this as a small-scale strategic venture into the digital ecosystem; the financial impact is currently negligible given the small investment size relative to AGI's balance sheet. Monitor for any future synergies between AGI's packaging business and MOB AI's B2B marketplace.

AGI Greenpac Reports Full Compliance with SEBI SDD Regulations for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Apr 2026, 10:46 AM

AGI Greenpac Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended March 31, 2026, as per SEBI's Insider Trading regulations. The company confirmed that its internal database is non-tamperable and maintains an audit trail for a period of 8 years. During the quarter, the company identified and captured 1 specific event involving Unpublished Price Sensitive Information (UPSI). This filing demonstrates the company's commitment to regulatory transparency and internal controls.

Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 confirmed.
Exactly 1 UPSI event was captured in the database during the Jan-Mar 2026 quarter.
The SDD system is non-tamperable and capable of maintaining records for 8 years.

💡 This is a routine regulatory disclosure indicating good corporate governance; no immediate investment action is necessary.

AGI Greenpac Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 03:53 PM

AGI Greenpac Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all securities received for dematerialization during the quarter ended March 31, 2026, have been processed and the physical certificates destroyed. The Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd., verified these actions. The company also reported that no securities were rematerialized during this period.

Compliance certificate issued for the quarter spanning January 1, 2026, to March 31, 2026.
RTA confirmed that physical share certificates were destroyed or mutilated after dematerialization.
Reported zero rematerialization of securities during the specified quarterly period.
Confirmation provided to both NSDL and CDSL depositories as per regulatory requirements.

💡 This is a routine administrative filing with no impact on the company's fundamentals. No action is required from investors.

AGI Greenpac Reaffirms CARE AA- Stable and A1+ Ratings for ₹1,234 Cr Facilities

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 30 Mar 2026, 06:53 PM

CARE Ratings has reaffirmed AGI Greenpac's long-term bank facility rating at 'CARE AA-; Stable' and its short-term rating at 'CARE A1+'. The review covers total bank facilities amounting to ₹1,234 crore, including ₹934 crore in long-term and ₹300 crore in short-term facilities. The ratings were maintained following a review of the company's audited FY25 and unaudited 9MFY26 financial performance. This reaffirmation signals a consistent credit profile and a strong ability to service debt obligations.

Long-term rating reaffirmed at CARE AA- with a Stable outlook for ₹934 crore in facilities.
Short-term rating reaffirmed at the highest category of CARE A1+ for ₹300 crore.
Total bank facilities reviewed across multiple lenders stand at ₹1,234 crore.
Short-term bank facilities were enhanced to ₹300 crore from the previous ₹280 crore.
Ratings are based on the company's operational and financial performance through 9MFY26.

💡 Investors should take comfort in the reaffirmation of high credit ratings, which reflects the company's stable financial health. No immediate portfolio changes are necessary as the credit outlook remains unchanged.

AGI Greenpac Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Mar 2026, 04:50 PM

AGI Greenpac Limited has informed the stock exchanges that its trading window for dealing in company shares will be closed starting April 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations ahead of the declaration of financial results. The window will remain closed until 48 hours after the announcement of the audited financial results for the quarter and financial year ending March 31, 2026. This is a standard procedure for all listed entities to prevent insider trading during the sensitive period before earnings are made public.

Trading window closure starts from Wednesday, April 1, 2026
Closure is for the audited financial results for the quarter and year ending March 31, 2026
Window will reopen 48 hours after the official declaration of financial results
Restriction applies to all Designated Persons including Directors and designated employees

💡 No action is required as this is a routine regulatory filing. Investors should wait for the announcement of the board meeting date where the Q4 and FY2026 results will be considered.

AGI Greenpac Schedules One-on-One Virtual Meeting with Aequitas Investments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Mar 2026, 07:42 PM

AGI Greenpac Limited has informed the stock exchanges of a scheduled interaction with Aequitas Investments. The meeting is set for Monday, March 23, 2026, and will be conducted in a one-on-one virtual format. This disclosure is a routine compliance requirement under Regulation 30(6) of the SEBI (LODR) Regulations, 2015. Such meetings are standard practice for listed companies to engage with institutional investors regarding business updates.

One-on-one meeting scheduled with Aequitas Investments
Interaction date set for March 23, 2026
Meeting to be conducted via virtual mode
Disclosure submitted under SEBI Listing Obligations and Disclosure Requirements

💡 This is a routine investor relations event; no immediate action is necessary. Investors should monitor for any subsequent investor presentations or transcripts that may provide deeper insights into the company's growth strategy.

AGI Greenpac to Hold One-on-One Meeting with Ageless Capital and Finance

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 04:30 PM

AGI Greenpac Limited has announced a scheduled interaction with institutional investors. The company will conduct a one-on-one virtual meeting with Ageless Capital and Finance on March 12, 2026. This meeting is part of the company's regular investor relations engagement to discuss business updates. The schedule is subject to change based on the availability of either party.

One-on-one meeting scheduled with Ageless Capital and Finance
Meeting date set for Thursday, March 12, 2026
Interaction to be conducted via virtual mode
Disclosure made under Regulation 30(6) of SEBI LODR Regulations

💡 No immediate action is required as this is a routine investor meeting. Investors should watch for any subsequent corporate presentations or transcripts that may be released following the interaction.

AGI Greenpac Shareholders Approve MoA Object Clause Alteration with 99.95% Majority

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 09 Mar 2026, 04:15 PM

AGI Greenpac Limited has announced the successful passage of a special resolution to alter the object clause of its Memorandum of Association (MoA). The resolution was approved via postal ballot with an overwhelming majority, receiving 99.95% of the votes in favor. A total of 42.97 million votes were polled, representing approximately 66.43% of the company's total equity base. This procedural approval provides the company with the legal framework to potentially diversify or expand its business operations.

Special resolution to alter the MoA object clause passed with 99.95% of valid votes in favor.
Total votes polled were 42,978,557 out of a total share capital of 64,697,381 shares.
Promoter and Promoter Group participation was 100% of their 38,972,819 shares, all voting in favor.
Public institutional participation stood at 38.82%, while only 0.05% of total votes (20,396) were cast against the resolution.

💡 This is a routine regulatory update; investors should monitor subsequent filings to identify specific new business segments the company plans to enter following this MoA change.

AGI Greenpac to Expand into Personal Care, Home Care, and Kitchenware Segments

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 04 Feb 2026, 05:31 PM

AGI Greenpac Limited is seeking shareholder approval via postal ballot to significantly expand its business scope by altering its Memorandum of Association. The company plans to enter the personal care market with products like fragrances and deodorants, as well as the home care and kitchenware segments including scented candles and glassware. This strategic move indicates a shift towards diversifying its portfolio into consumer-facing and lifestyle categories beyond its traditional packaging business. The e-voting process for this special resolution will conclude on March 6, 2026.

Proposed addition of sub-clause 7G to the MOA to enable entry into personal care, home care, and kitchenware industries.
New business activities to include manufacturing, wholesaling, retailing, and exporting of perfumes, deodorants, and aromatic products.
Expansion also covers kitchenware and tableware products such as dinnerware, glassware, and household decorative items.
Remote e-voting period is scheduled from February 5, 2026, to March 6, 2026, for all shareholders as of the January 30 cut-off date.
The move aims to leverage the company's existing manufacturing capabilities into higher-margin consumer product categories.

💡 Investors should view this as a long-term growth and diversification strategy; however, they should monitor future CAPEX announcements related to these new business lines. Watch for management commentary on how these new segments will integrate with their existing glass and packaging operations.

AGI Greenpac Q3 FY26: PAT at ₹71 Cr; Capacity Reaches 1,900 TPD Amid Debt Reduction

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 11:11 AM

AGI Greenpac reported a steady 9M FY26 with revenue of ₹1,923 crore, up from ₹1,824 crore YoY, while PAT increased to ₹236 crore. Q3 performance was slightly impacted by seasonal weather affecting beer demand, resulting in a quarterly PAT of ₹71 crore. The company successfully eliminated all ECB borrowings, bringing net bank debt to ₹389 crore. Management maintained an EBITDA margin guidance of 24-25% for the next 12-18 months, supported by premiumization and operational efficiencies.

9M FY26 Revenue grew to ₹1,923 crore with PAT rising to ₹236 crore despite slight EBITDA compression.
Container glass de-bottlenecking completed ahead of schedule, increasing capacity to 1,900 TPD.
Specialty glass realizations improved significantly by ₹6,800 per ton compared to Q3 FY25.
Company achieved Nil ECB borrowings after full prepayment in December 2025.
Expansion into aluminum beverage cans (1.6 billion capacity) and MP Greenfield plant (500 TPD) remains on track.

💡 Investors should focus on the company's transition toward high-margin specialty glass and the upcoming aluminum can segment as key growth drivers. The reduction in high-cost debt and maintained margin guidance provide a margin of safety despite short-term seasonal volume fluctuations.

AGI Greenpac Releases Q3 FY2026 Earnings Conference Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jan 2026, 08:03 PM

AGI Greenpac Limited has officially released the audio recording of its earnings conference call held on January 29, 2026. The call addressed the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. This filing is a standard regulatory procedure under SEBI (LODR) Regulations to ensure transparency for all shareholders. Investors can access the recording to hear management's detailed commentary on the quarter's results and future outlook.

Audio recording for Q3 FY 2025-26 earnings call made available on January 29, 2026.
The call discussed financial results for the quarter and nine-month period ended December 31, 2025.
Submission made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements).
Provides a platform for investors to review management's responses to institutional analyst queries.

💡 Investors should listen to the recording to gain deeper insights into management's guidance on the packaging business and operational efficiency. No immediate trading action is required based on this procedural filing.

AGI Greenpac Q3 FY26: Capacity to Reach 2,100 TPD; Net Debt/EBITDA at 0.22x

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:47 PM

AGI Greenpac Limited has released its Q3 FY26 investor presentation, highlighting its leadership in the Indian glass packaging market with a current capacity of 2,060 TPD, expected to reach 2,100 TPD by March 2026. The company is strategically diversifying into the high-growth aluminum can segment and expanding its specialty glass business for cosmetics and perfumery. Financial stability remains a core strength, evidenced by a very low Net Debt to EBITDA ratio of 0.22x and an EBITDA of ₹689 crore in FY25. Value-added products now contribute approximately 23% to the total revenue, reflecting a shift towards higher-margin segments.

Glass manufacturing capacity currently at 2,060 TPD, with an expansion to 2,100 TPD scheduled by March 2026.
Value-added products, including specialty glass and security closures, now account for ~23% of total revenue.
Strong balance sheet maintained with a Net Debt to EBITDA ratio of 0.22x as of FY25.
Announced a new 500 TPD Greenfield plant to target demand in Northern and Central India.
Strategic foray into the aluminum can market to leverage existing synergies with F&B and alcohol clients.

💡 Investors should view the low leverage and expansion into aluminum cans as positive growth catalysts. Monitor the timely commissioning of the 500 TPD greenfield plant and the margin trajectory as value-added products increase their revenue share.

AGI Greenpac Q3 PAT Falls 21% YoY to ₹71.45 Cr; Announces Retail Diversification

🔵 WATCH ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:14 PM

AGI Greenpac reported a consolidated revenue of ₹633.69 crore for Q3 FY26, reflecting a 3.8% decline compared to ₹658.48 crore in the previous year's corresponding quarter. Net profit (PAT) saw a significant drop of 21% YoY to ₹71.45 crore, partially impacted by an exceptional item of ₹5.09 crore due to new labour code provisions. Strategically, the company is diversifying into the retail business segment and has reduced its planned stake in Madoverbuilding AI from 25% to 19.75%. Management also announced key leadership appointments for its CAN and Plastek divisions to strengthen operations.

Consolidated Revenue for Q3 FY26 stood at ₹633.69 crore, down 3.8% YoY but up 5.3% QoQ.
Net Profit (PAT) declined to ₹71.45 crore from ₹90.51 crore in Q3 FY25, a 21% YoY decrease.
EBITDA for the quarter was ₹153.92 crore, down from ₹184.58 crore in the same period last year.
Exceptional item of ₹5.09 crore recognized due to the financial impact of new Government Labour Codes.
Reduced planned investment in Madoverbuilding AI Private Limited to 19.75% of paid-up capital.

💡 Investors should closely monitor the execution of the new retail diversification strategy and the performance of the newly appointed leadership in the Plastek and CAN divisions. While the YoY profit decline is concerning, the QoQ revenue growth suggests some recovery in demand.

View All AGI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations for H1 FY26 grew 10.6% YoY to ₹1,289 Cr compared to ₹1,166 Cr in H1 FY25. Q2 FY26 revenue was ₹602 Cr, a marginal 0.4% YoY increase from ₹599 Cr, impacted by seasonal shifts and monsoon-related flooding.

Geographic Revenue Split

Domestic market accounts for 96.66% of revenue, while exports contribute 3.34% (as of FY23). The company is strategically focusing on increasing niche specialty glass exports to cover freight costs through higher realizations.

Profitability Margins

Net Profit for H1 FY26 rose 21.9% YoY to ₹165 Cr from ₹135 Cr. Q2 FY26 Net Profit was ₹76 Cr, up 5.6% YoY, driven by a successful shift toward premium product segments like cosmetics and perfumery.

EBITDA Margin

Q2 FY26 EBITDA margin (excluding other income) was 24.9%, representing a 250 basis point improvement from the adjusted Q1 FY26 margin of 22.4%, reflecting enhanced operational efficiencies and a better product mix.

Capital Expenditure

The company is pursuing a debt-funded acquisition of Hindusthan National Glass (HNG) with an enterprise value of ₹2,213 Cr. Additionally, it is investing in the Gwalior project and an Aluminum beverage CAN project to drive future volume growth.

Credit Rating & Borrowing

CARE Ratings has placed AGI on 'Rating Watch with Developing Implications' due to the pending HNG acquisition. The company completed a ₹193 Cr term loan prepayment in July 2025 to reduce its borrowing burden.

⚙️ Operational Drivers

Raw Materials

Key raw materials include soda ash, silica sand, and cullet, along with fuel sources like natural gas and furnace oil. Specific cost percentages per material are not disclosed in available documents.

Capacity Expansion

Current production capacity utilization is high at approximately 95%. Planned expansions include the Gwalior project and an Aluminum beverage CAN project, which are expected to add 25% more volume post-completion.

Raw Material Costs

Raw material and fuel costs are managed through price pass-through formulas with customers, though fluctuations are neutralized with a lag depending on competitive scenarios.

Manufacturing Efficiency

AGI operates at 90%+ manufacturing efficiency, which is significantly higher than the industry average of 85%, providing a durable competitive cost advantage.

Logistics & Distribution

Distribution costs are managed by focusing on high-realization specialty glass for exports to offset freight expenses and maintain margins.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be achieved through a 25% volume increase from the Gwalior and Aluminum CAN projects, expansion into premium segments (cosmetics, perfumery), and the potential integration of HNG, which could bring consolidated operating profit to ₹900 Cr.

Products & Services

Glass bottles (5 ml to 4,000 ml), PET bottles (10 ml to 10 liters), and security caps and closures.

Brand Portfolio

AGI (Glass Containers), GP (PET bottles and plastic products), and AGI Clozures (Security Caps and Closures).

New Products/Services

Aluminum beverage CANs and specialty glass for cosmetics/perfumery, expected to contribute to a 25% volume growth in the coming years.

Market Expansion

Expanding footprint in premium segments like cosmetics and alco-beverage; seeking to increase export market share from the current 3.34%.

Market Share & Ranking

Positioned as a leading packaging solutions provider in India with 90%+ manufacturing efficiency.

🌍 External Factors

Industry Trends

The industry is shifting toward premiumization and sustainable packaging. AGI is positioning itself with a 25% volume expansion plan and a focus on high-margin segments like perfumery.

Competitive Landscape

Competes with other glass and PET packaging players; maintains an edge through superior product mix and cost control.

Competitive Moat

Durable advantage through 90%+ operational efficiency (vs 85% industry average) and a robust capital structure that allows for large-scale acquisitions like HNG.