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AGI - AGI Greenpac

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

📢 Recent Corporate Announcements

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.

AGI Greenpac Q3 PAT Drops 21% YoY to ₹71.45 Cr; Announces Entry into Retail Segment

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:08 PM

AGI Greenpac reported a consolidated revenue of ₹633.69 crore for Q3 FY26, representing a 3.8% decline compared to ₹658.48 crore in the same quarter last year. Net profit saw a significant contraction of 21% YoY to ₹71.45 crore, partly due to a ₹5.09 crore exceptional item related to new labour code provisions. Strategically, the company has approved a diversification into the retail business segment and scaled back its planned acquisition in Madoverbuilding AI Private Limited to 19.75%. New leadership appointments were also confirmed for the CAN and Plastek business divisions.

Consolidated Revenue from operations decreased to ₹633.69 crore from ₹658.48 crore YoY.
Net Profit (PAT) fell 21% YoY to ₹71.45 crore, down from ₹90.51 crore in Q3 FY25.
EBITDA for the quarter stood at ₹153.92 crore compared to ₹184.58 crore in the previous year.
Company announced strategic diversification into the retail business segment.
Acquisition stake in Madoverbuilding AI Private Limited reduced to 19.75% from the previously planned 25%.

💡 Investors should be cautious as the core packaging business shows signs of revenue and margin contraction. Monitor the progress of the new retail diversification and how it impacts the company's overall capital allocation and debt profile.

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

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:08 PM

AGI Greenpac reported a 21% YoY decline in consolidated net profit to ₹71.45 crore for Q3 FY26, down from ₹90.51 crore in the same period last year. Revenue also saw a slight contraction of 3.7% YoY to ₹633.69 crore. In a major strategic shift, the board approved diversifying into the retail business segment and appointed new leadership for its CAN and Plastek divisions. The company also reduced its planned stake acquisition in Madoverbuilding AI Private Limited from 25% to 19.75%.

Consolidated Revenue for Q3 FY26 stood at ₹633.69 crore, a 3.7% decrease compared to ₹658.48 crore in Q3 FY25.
Net Profit (PAT) fell to ₹71.45 crore, impacted by a ₹5.09 crore exceptional item related to new labor code provisions.
EBITDA for the quarter was ₹153.92 crore, down from ₹184.58 crore in the corresponding quarter of the previous year.
Board approved entry into the retail business segment and will seek shareholder approval for MoA changes.
New leadership appointments: Mr. Dushyant Kumar as COO (CAN Business) and Mr. Chandan Kumar Jha as CEO (Plastek Division).

💡 Investors should monitor the margin pressure reflected in the YoY profit decline and evaluate the long-term growth potential of the newly announced retail diversification. The downward revision of the AI startup investment suggests a more cautious capital allocation approach.

AGI Greenpac Q3 PAT Drops 21% YoY to ₹71.45 Cr; Board Approves Retail Diversification

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:01 PM

AGI Greenpac reported a weak set of numbers for Q3 FY26, with consolidated net profit declining 21% YoY to ₹71.45 crore. Revenue from operations saw a slight decline of 3.8% YoY to ₹633.69 crore, while EBITDA margins were pressured, falling to ₹153.92 crore from ₹184.58 crore. In a major strategic shift, the board approved diversifying into the retail business segment and appointed new leadership for its Plastek and CAN divisions. The company also reduced its planned stake acquisition in Madoverbuilding AI to 19.75% from the earlier proposed 25%.

Consolidated Revenue from operations decreased 3.8% YoY to ₹633.69 crore from ₹658.48 crore.
Net Profit (PAT) fell significantly to ₹71.45 crore compared to ₹90.51 crore in the year-ago quarter.
EBITDA declined to ₹153.92 crore from ₹184.58 crore YoY, reflecting margin contraction.
Recorded an exceptional item of ₹5.09 crore due to the incremental impact of new Labour Codes.
Board approved entry into the retail segment and revised the MOB AI investment stake down to 19.75%.

💡 Investors should be cautious as the core packaging business shows signs of slowing growth and margin pressure. Monitor the management's rationale for diversifying into retail, as this could involve significant capital expenditure and execution risk.

AGI Greenpac Q3 PAT Drops 21% to ₹71.45 Cr; Announces Entry into Retail Business

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 08:01 PM

AGI Greenpac reported a weak set of Q3 FY26 results with consolidated revenue declining 3.8% YoY to ₹633.69 crore and PAT falling 21% YoY to ₹71.45 crore. The bottom line was weighed down by a ₹5.09 crore exceptional item related to new labor codes and lower operational margins compared to the previous year. In a major strategic shift, the board approved diversifying operations into the retail business segment. Additionally, the company scaled back its planned investment in Madoverbuilding AI to a 19.75% stake from the previously announced 25%.

Consolidated Q3 Revenue fell 3.8% YoY to ₹633.69 crore versus ₹658.48 crore in Q3 FY25.
Net Profit (PAT) for the quarter declined 21% YoY to ₹71.45 crore from ₹90.51 crore.
EBITDA stood at ₹153.92 crore for Q3 FY26, down 16.6% from ₹184.58 crore in the year-ago period.
Board approved diversification into the retail business segment and appointed new leadership for CAN and Plastek divisions.
Exceptional charge of ₹5.09 crore recognized due to the financial impact of newly notified Labour Codes.

💡 Investors should be cautious regarding the short-term margin pressure and the execution risks associated with the new retail diversification. Monitor how the new leadership in the CAN and Plastek divisions impacts operational efficiency in the coming quarters.

AGI Greenpac to Host Q3FY26 Earnings Conference Call on January 29, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Jan 2026, 05:02 PM

AGI Greenpac Limited has scheduled an earnings conference call for Thursday, January 29, 2026, at 4:00 PM IST. The management team will discuss the company's financial performance for the third quarter and the nine-month period ended December 31, 2025. Key executives, including the CEO and CFO, will be present to provide insights and address investor queries. This call is a routine but essential event for stakeholders to understand the company's current growth trajectory and operational efficiency.

Earnings conference call scheduled for January 29, 2026, at 16:00 IST
Focus on financial results for Q3 and 9M ended December 31, 2025
Management representation includes CEO Rajesh Khosla and CFO Om Prakash Pandey
Investor relations managed by SKP Securities Ltd with universal dial-in numbers +91 22 6280 1480

💡 Investors should attend the call to gain clarity on demand trends in the glass packaging industry and management's guidance for the remainder of FY26. Focus on updates regarding capacity utilization and input cost pressures.

AGI Greenpac Submits SEBI Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 05:24 PM

AGI Greenpac Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The company confirmed that all share certificates received for dematerialization were processed, destroyed, and reported to the relevant depositories and stock exchanges. The Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd., verified that no securities were rematerialized during this quarter. This is a standard procedural disclosure to ensure the integrity of electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Covers the three-month period from October 1, 2025, to December 31, 2025.
Confirmation that dematerialized share certificates were destroyed/mutilated as per SEBI norms.
Zero securities were rematerialized during the specified period according to the RTA report.

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance.

AGI Greenpac to Close Trading Window from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Dec 2025, 04:42 PM

AGI Greenpac Limited has announced the closure of its trading window for all designated persons and their relatives starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations ahead of financial disclosures. The window will remain closed until 48 hours after the company declares its unaudited financial results for the quarter and nine months ending December 31, 2025. This is a routine procedure and does not indicate any fundamental change in the company's operations.

Trading window closure starts from Thursday, January 1, 2026
Closure pertains to the financial results for the quarter and nine months ending December 31, 2025
Window to reopen 48 hours after the official declaration of financial results
Restriction applies to all Designated Persons including Directors and designated employees

💡 This is a routine regulatory filing with no impact on stock fundamentals; investors should monitor the upcoming quarterly results for performance insights.

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.