KANPRPLA - Kanpur Plastipa.
π’ Recent Corporate Announcements
Kanpur Plastipack Limited has scheduled its participation in the 'Bharat Connect conference: Rising Stars March β 2026' organized by Arihant Capital. The virtual conference is set to take place on Wednesday, March 11, 2026, starting at 11:00 AM. This interaction allows the management to engage with institutional investors and analysts regarding the company's business operations. Such meetings are standard practice for improving corporate transparency and investor relations.
- Participation in Bharat Connect conference: Rising Stars March β 2026
- Event organized by Arihant Capital scheduled for March 11, 2026
- The conference will be held via virtual mode starting at 11:00 AM
- Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Kanpur Plastipack reported a strong Q3 FY26 with total income rising 19% YoY to INR 195.2 crores and net profit increasing 23% to INR 9.2 crores. The company maintained stable EBITDA margins of 9.1% for both the quarter and the nine-month period, driven by a balanced product mix and steady export demand. Exports remain a significant pillar, with Europe accounting for 62% of export volumes. Management is actively pivoting towards high-margin, value-added products like premium polypropylene yarns and technical textiles to reduce cyclicality.
- Q3 FY26 revenue increased 19% YoY to INR 195.2 crores with a PAT of INR 9.2 crores.
- 9M FY26 total income reached INR 543.6 crores with an EBITDA of INR 49.7 crores.
- Export volumes for 9M FY26 stood at 18,895 metric tons, with 80-85% coming from repeat customers.
- FIBC capacity expansion at Unit 3 is 30% complete, targeting an additional 6,000 tons per annum by May 2026.
- Strategic JV with Italy's Essegomma (ESSEKAN) and acquisition of Valex Ventures UK to strengthen global technical textile presence.
Kanpur Plastipack Limited has rescheduled its Q3 and 9M FY26 earnings conference call from February 17, 2026, to February 20, 2026. The call is set for 10:30 AM IST and will discuss the company's financial performance for the quarter ended December 31, 2025. The management team, including the Chairman and Managing Director, will be present to interact with analysts and investors. This change is attributed to unavoidable business commitments.
- Earnings call for Q3 and 9M FY26 rescheduled to Friday, February 20, 2026, at 10:30 AM IST
- Management participants include Mr. Manoj Agarwal (CMD) and Mr. Shashank Agarwal (Dy. MD)
- The call will cover financial results for the quarter and nine months ended December 31, 2025
- Primary dial-in numbers for the call are +91-22-6280 1102 and +91-22-7115 8003
Kanpur Plastipack Limited has announced a one-time special window for the transfer and dematerialization of physical securities purchased or sold prior to April 01, 2019. This initiative follows a SEBI circular and is intended to resolve cases where transfer requests were previously rejected or returned due to documentation deficiencies. The window will be operational for exactly one year, from February 05, 2026, to February 04, 2027. Securities processed through this window will be subject to a mandatory one-year lock-in period from the date of registration.
- Special window open from February 05, 2026, to February 04, 2027, for physical share transfers.
- Applies to securities transactions completed prior to the April 01, 2019, deadline.
- Transferred shares will be credited exclusively in dematerialized form.
- A mandatory lock-in period of 1 year applies to all securities registered through this special window.
- Compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026.
Kanpur Plastipack Limited has announced a one-time special window for the transfer and dematerialization of physical securities, following a SEBI circular. This window is specifically for securities purchased or sold prior to April 01, 2019, and will be open from February 05, 2026, to February 04, 2027. The facility also covers cases where previous transfer requests were rejected or returned due to documentation deficiencies. All securities transferred through this window will be credited in dematerialized form and will be subject to a mandatory one-year lock-in period.
- Special window for physical share dematerialization open from February 05, 2026, to February 04, 2027.
- Applies to securities bought or sold prior to April 01, 2019.
- Includes previously rejected or returned transfer requests subject to SEBI conditions.
- Mandatory one-year lock-in period applies to all securities transferred through this special window.
Kanpur Plastipack reported a robust Q3 FY26 with consolidated revenue rising 20.17% YoY to βΉ197.09 crore. Net profit for the quarter grew 36.83% YoY to βΉ10.70 crore, while the 9-month profit showed a massive 219% increase to βΉ25.88 crore. The company is executing a strategic shift towards value-added products through a new JV with Italy's Essegomma and the acquisition of UK-based Valex Ventures. Furthermore, a capacity expansion at Unit 3 is 30% complete and is expected to add 6,000 MT p/a by May 2026.
- Consolidated Revenue increased 20.17% YoY to βΉ197.09 crore in Q3 FY26.
- Net Profit for Q3 rose 36.83% YoY to βΉ10.70 crore; 9M FY26 profit reached βΉ25.88 crore.
- Acquired 76.19% stake in UK distributor Valex Ventures for βΉ8.02 crore to enhance direct-to-customer exports.
- Formed a 50:50 JV (ESSEKAN) with Italy's Essegomma for high-performance PP yarn with βΉ25 crore annual revenue potential.
- Ongoing capacity expansion at Unit 3 to add 6,000 MT p/a, scheduled for completion by May 2026.
Kanpur Plastipack reported a strong 9M FY26 performance with net profit surging 205.3% YoY to βΉ2,366 lakh, driven by operating leverage and value-added products. For Q3 FY26, total income grew 19.3% YoY to βΉ19,523 lakh, though EBITDA margins compressed slightly to 9.13% from 10.67%. The company is diversifying into B2C-linked applications like automotive and furniture through a new 50:50 JV with Italy's Essegomma. Strategic expansions include adding 6,000 MT p/a capacity in the FIBC division over the next five years.
- 9M FY26 Net Profit jumped 205.3% YoY to βΉ2,366 lakh with EPS rising to βΉ10.18.
- Q3 FY26 Total Income increased 19.3% YoY to βΉ19,523 lakh, while Net Profit grew 23% to βΉ919 lakh.
- Export volumes reached 5,928 MT in Q3, with Europe accounting for 62.1% of total exports.
- Formed ESSEKAN Private Limited, a 50:50 JV with Italyβs Essegomma S.p.A. for high-performance PP yarn.
- Announced FIBC capacity expansion of 6,000 MT p/a over the next 5 years to enhance margins.
Kanpur Plastipack Limited has announced that Mr. Akshay Kumar Gupta will retire from his position as an Independent Director effective March 31, 2026. This retirement comes as he completes two consecutive five-year tenures, which is the maximum allowed under regulatory norms. The Board of Directors noted this change in their meeting held on February 04, 2026, and expressed appreciation for his decade-long contribution. This is a routine transition in line with corporate governance requirements.
- Mr. Akshay Kumar Gupta (DIN: 00004908) to retire as Independent Director on March 31, 2026.
- Retirement follows the completion of two consecutive 5-year tenures (10 years total).
- The Board meeting noting the retirement concluded at 6:40 PM on February 04, 2026.
- The transition is compliant with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.
Kanpur Plastipack Limited reported a robust performance for the quarter ended December 31, 2025, with total income rising to βΉ195.23 crore from βΉ163.69 crore YoY. Net profit grew by 23.5% to βΉ9.23 crore, significantly aided by a 46% reduction in finance costs. While manufacturing revenue remained stable, the trading division saw a massive surge, contributing βΉ47.39 crore to the topline. The company also integrated Valex Ventures Limited (UK) as a subsidiary following a share allotment to the promoter.
- Net Profit increased 23.5% YoY to βΉ9.23 crore in Q3 FY26.
- Revenue from operations grew 18.7% YoY to βΉ190.18 crore.
- Finance costs significantly reduced to βΉ2.50 crore from βΉ4.65 crore in the previous year.
- Trading division revenue surged to βΉ47.39 crore compared to βΉ12.76 crore in Q3 FY25.
- Completed acquisition of 76.19% stake in Valex Ventures Limited (UK) through allotment of 3,33,700 equity shares.
Kanpur Plastipack Limited has clarified that the missing UDIN in its initial Q2 FY26 filing was due to technical congestion on the ICAI portal. The company's financial performance for the quarter ended September 30, 2025, shows a robust recovery, with net profit jumping to βΉ7.35 crore from βΉ1.44 crore in the previous year. Revenue from operations also saw a steady increase to βΉ161.96 crore. The company has now provided the revised Limited Review Report with the necessary UDIN to the exchange.
- Net Profit for Q2 FY26 rose sharply to βΉ734.70 Lacs compared to βΉ144.30 Lacs in Q2 FY25.
- Revenue from operations grew 7.2% year-on-year to βΉ16,196.42 Lacs from βΉ15,101.79 Lacs.
- Basic EPS increased significantly to βΉ3.16 for the quarter, up from βΉ0.67 in the same period last year.
- Total income for the first half of FY26 reached βΉ34,833.67 Lacs, a 20% increase over H1 FY25.
- The company attributed the initial filing discrepancy to ICAI portal traffic issues during the Tax Audit deadline.
Kanpur Plastipack Limited has announced its Q3 and 9M FY26 earnings conference call for February 17, 2026, at 10:30 AM IST. This follows the scheduled announcement of financial results for the quarter ended December 31, 2025, on February 04, 2026. The management, including the CMD and Deputy MD, will discuss the company's quarterly performance and future outlook. The gap between the results and the call is due to management's participation in an industry exhibition and business travel.
- Earnings conference call scheduled for Tuesday, February 17, 2026, at 10:30 AM IST.
- Financial results for Q3 FY26 to be officially declared on February 04, 2026.
- Management participants include Mr. Manoj Agarwal (CMD) and Mr. Shashank Agarwal (DMD).
- Dial-in access provided for domestic investors and international participants from USA, UK, Singapore, and Hong Kong.
Kanpur Plastipack (KPL) has officially incorporated its 50:50 joint venture company, ESSEKAN Private Limited, in collaboration with Italy-based Essegomma S.p.A. The JV will focus on the sales, marketing, and distribution of high-performance polypropylene yarn, leveraging Italian Taslan technology and KPL's manufacturing base. KPL has invested Rs. 20 Lacs for its 50% stake in the new entity, which has an initial paid-up capital of Rs. 40 Lacs. This strategic move is designed to target global technical and luxury textile markets.
- Incorporation of 50:50 JV ESSEKAN Private Limited with Essegomma S.p.A., Italy
- KPL invested Rs. 20 Lacs to acquire 2,00,000 equity shares at Rs. 10 each
- JV to focus on high-performance polypropylene yarn and technical textiles
- Combines Italian Taslan yarn technology with KPL's Indian manufacturing infrastructure
- Initial authorized capital of Rs. 50 Lacs and paid-up capital of Rs. 40 Lacs
Kanpur Plastipack Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent, Skyline Financial Services Private Limited, pertains to the quarter ended December 31, 2025. This is a standard regulatory requirement confirming that share certificates received for dematerialization have been processed and the names of the depositories have been substituted in the records. The filing ensures the company remains in good standing with SEBI and stock exchange listing requirements.
- Submission of compliance certificate for the quarter ended December 31, 2025.
- Certificate issued by Registrar and Share Transfer Agent (RTA) Skyline Financial Services Private Limited.
- Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Routine administrative filing with no direct impact on financial performance.
Kanpur Plastipack Limited has submitted the minutes of its Postal Ballot conducted following a notice dated November 10, 2025. The voting process concluded on December 19, 2025, and the scrutinizer's report was submitted on December 22, 2025. The company confirmed that all Special Resolutions proposed were passed by the members with the requisite majority. This filing is a standard regulatory requirement under SEBI (LODR) Regulations, 2015.
- Postal ballot voting process successfully completed on December 19, 2025
- Special Resolutions approved by shareholders with the requisite majority
- Scrutinizer report submitted by M/s Adesh Tandon & Associates on December 22, 2025
- Filing complies with Section 110 of the Companies Act and SEBI LODR Regulations
Kanpur Plastipack Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This action is in compliance with SEBI's Prohibition of Insider Trading Regulations ahead of the Q3 FY26 financial results. The window will remain closed until 48 hours after the results for the quarter ended December 31, 2025, are officially declared. This is a standard procedure to prevent insider trading based on unpublished price-sensitive information.
- Trading window closure effective from January 1, 2026.
- Applicable to all Directors, KMPs, Designated Employees, and Connected Persons.
- Window to remain closed until 48 hours post-declaration of Q3 FY26 results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
The Raffia segment (FIBC, Fabric, MFY, Granule trading) is the primary driver, accounting for ~80% of total revenue. Overall revenue grew 26.4% YoY to INR 628.61 Cr in FY25 from INR 497.41 Cr in FY24.
Geographic Revenue Split
Exports contribute over 75% of total revenues, with Europe alone accounting for 51% of export sales. Key markets include Germany, Brazil, and Japan.
Profitability Margins
Net Profit Margin improved significantly from 0.07% in FY24 to 1.72% in FY25. Standalone net profit jumped from INR 0.36 Cr to INR 10.70 Cr, a 2872% increase YoY.
EBITDA Margin
EBITDA margin improved to 9.18% in FY25 from 6.09% in FY24. Q2 FY26 EBITDA margins further rose to 9.8% (up 245 bps YoY) due to better product mix and operational efficiency.
Capital Expenditure
Planned capex of INR 105 Cr for capacity expansion and modernization, including a new FIBC division building. Specific FIBC capacity addition requires INR 47 Cr investment.
Credit Rating & Borrowing
CRISIL BBB+/Stable for long-term facilities. Interest coverage ratio improved from 1.12x in FY24 to 2.35x in FY25.
Operational Drivers
Raw Materials
Polypropylene (PP) and High-Density Polyethylene (HDPE) polymers represent 60-65% of the total cost of sales.
Import Sources
Not explicitly disclosed, but the company operates as a consignment stockist for Indian Oil Corporation Ltd for domestic trading.
Key Suppliers
Indian Oil Corporation Ltd (IOCL) is a key supplier and trading partner.
Capacity Expansion
Planned incremental FIBC capacity of 6,000 metric tons over the next five years. Commissioning of a new Greenfield plant is expected by H1 of the next financial year.
Raw Material Costs
Raw material costs account for 60-65% of revenue. Susceptibility to price volatility is a key weakness, though vertical integration helps mitigate some cost pressures.
Manufacturing Efficiency
Capacity utilization improvements and debottlenecking on the stitching side drove the margin increase from 5.88% to 9.10% in FY25.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Achieving growth through a 'mass-boutique' model focusing on high-margin FIBCs, divesting the loss-making CPP division to repurpose land for core expansion, and geographic diversification into Japan and Africa. Strategic acquisition of UK-based Valex Ventures Ltd and a JV with Essegomma for high-performance yarn will drive European and technical textile growth.
Products & Services
Flexible Intermediate Bulk Containers (FIBC/Jumbo Bags), PP Multifilament Yarn (MFY), Woven Fabrics, and UV Masterbatches.
Brand Portfolio
Operates under the 'Bharat Brand' identity for global trust; primarily a B2B model.
New Products/Services
Entry into high-performance yarns via Essegomma JV (5-10% expected margins) and non-woven segments.
Market Expansion
Expanding base in Japan, South Africa, and Northern African countries to balance the export portfolio.
Market Share & Ranking
Dominant market share in key territories like Germany and Brazil for industrial packaging.
Strategic Alliances
Joint Venture with Essegomma (Italy) for technical textiles and acquisition of Valex Ventures Ltd (UK).
External Factors
Industry Trends
Growing global demand for sustainable industrial packaging and ESG-aligned supply chains. The industry is shifting toward high-compliance, recyclable products.
Competitive Landscape
Operates in a highly competitive global market, partially offset by established relationships and high-compliance manufacturing (cleanroom facilities).
Competitive Moat
Durable advantages include 50 years of promoter experience, vertical integration, and a 'mass-boutique' model resulting in 80% repeat business.
Macro Economic Sensitivity
Highly sensitive to global industrial demand and the 'China+1' strategy, which shifts sourcing preferences toward Indian manufacturers.
Consumer Behavior
Shift toward sustainable and sustainable industrial packaging in food and pharma sectors.
Geopolitical Risks
Susceptible to trade barriers or economic cyclicality in Europe (51% of exports) and South America.
Regulatory & Governance
Industry Regulations
Adheres to high-compliance standards for food-grade FIBCs and global industrial packaging regulations.
Environmental Compliance
Zero Liquid Discharge (ZLD) practice and focus on fully recyclable products to meet global regulatory standards.
Taxation Policy Impact
Not disclosed; fiscal 2025 reported profit after tax was INR 11.10 Cr.
Legal Contingencies
Pending litigations disclosed in Note 33 of the standalone financial statements; specific INR values for claims not provided in the summary.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (60-65% of costs) and sharp fluctuations in forex rates are the primary uncertainties.
Geographic Concentration Risk
High concentration in Europe, which accounts for 51% of export revenue.
Third Party Dependencies
Dependency on Indian Oil Corporation Ltd for trading segments and raw material supply.
Technology Obsolescence Risk
Mitigated by proprietary ERP systems and ongoing investment in process automation and digital tools.
Credit & Counterparty Risk
Adequate receivables quality with a debtors turnover ratio of 7.63.