Kanpur Plastipack Limited (KANPRPLA)
₹243.94 +4.73% last close, 16 Oct
Q2 FY27 results
📅 Next results: 27 Oct 2026 (board meeting)Kanpur Plastipack Limited's board meets on 27 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Kanpur Plastipack's revenue was ₹204 Cr (+13.8% year on year, +13.7% on the previous quarter), and net profit ₹11.7 Cr (+104.0% year on year); the operating margin was 8.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹204 | +13.8% | +13.7% |
| Operating profit | ₹17.1 | +33.9% | -15.1% |
| Net profit | ₹11.7 | +104.0% | -22.0% |
| EPS (₹) | 4.68 | +88.0% | -24.8% |
| Operating margin | 8.4% | — | — |
KANPRPLA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.38% of the KANPRPLA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.75%. That is close to its usual level. Turnover was only ₹44 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 55.5% · 60.3% · 51.1% · 63.2% · 54.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Kanpur Plastipack Limited has published a newspaper notice regarding a SEBI-mandated Special Window for the transfer and dematerialisation of physical securities. This window is open for a period of one year from February 05, 2026, to February 04, 2027, catering to physical shares bought or sold prior to April 01, 2019. Re-lodged shares under this facility will be issued strictly in dematerialised form and will face a mandatory lock-in period of one year from registration.
- Special window open for 1 year from February 05, 2026 to February 04, 2027
- Applies to physical securities sold or purchased prior to April 01, 2019
- Re-lodged transfer shares subject to a mandatory lock-in of 1 year post-registration
- Publication made pursuant to SEBI Circular dated January 30, 2026
Kanpur Plastipack Limited announced that its management will participate in the Kaptify Investor Conference in Mumbai on August 31, 2026. The interactions will take place between 10:00 AM and 5:00 PM via group meetings and one-on-one sessions in person. The company confirmed that no unpublished price-sensitive information (UPSI) will be discussed during the interactions.
- Meeting scheduled for August 31, 2026, between 10:00 AM to 5:00 PM
- Format consists of group meetings and one-on-one in-person sessions
- Organized through Kaptify Consulting at the Kaptify Investor Conference in Mumbai
- No Unpublished Price Sensitive Information (UPSI) to be shared
Kanpur Plastipack Limited has submitted the official minutes of its 55th Annual General Meeting (AGM) held on August 10, 2026. The submission is a standard regulatory compliance filing under SEBI LODR Regulations. There are no new financial or operational disclosures contained within the cover intimation. Kanpur Plastipack reported TTM revenue of ₹741 Cr and a net profit of ₹45 Cr as of recent quarters.
- 55th Annual General Meeting held on August 10, 2026
- Filing submitted to exchanges on August 21, 2026
- Formal submission of AGM proceedings and minutes in compliance with SEBI listing norms
Kanpur Plastipack Limited has approved the allotment of 93,500 equity shares following the conversion of an equivalent number of warrants. The conversion was executed at an issue price of ₹130 per share, with the company receiving the final 70% balance payment of ₹84.15 lakhs. The allottees are part of the promoter group, including Shashank Agarwal and Raghushree Earning Solutions LLP. This transaction marks the completion of the warrant conversion process initiated in May 2025, with zero warrants now pending.
- Allotment of 93,500 equity shares of ₹10 face value upon warrant conversion.
- Issue price of ₹130 per share, including a premium of ₹120.
- Receipt of ₹84,15,000 representing the final 70% (₹90 per warrant) of the issue price.
- Zero warrants remain pending for conversion from the original May 2025 issue of 10,12,000 warrants.
- Total paid-up equity capital increased to ₹24.57 crore consisting of 2,45,72,458 shares.
Kanpur Plastipack has notified shareholders of a special window for the transfer and dematerialization of physical securities, effective from February 5, 2026, to February 4, 2027. This initiative follows SEBI circulars aimed at resolving long-pending transfer requests, specifically those lodged before April 1, 2019, that were previously rejected or returned. Securities processed under this window will be subject to a mandatory one-year lock-in period from the date of registration. This is a procedural exercise to facilitate the transition of physical holdings into electronic form.
- Special window for physical share transfer open from February 5, 2026, to February 4, 2027.
- Applies to transfer requests originally lodged before the April 1, 2019, deadline.
- Transferred securities will be subject to a 1-year lock-in period from the registration date.
- Compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.
- Notice published in Business Standard on August 11, 2026.
Kanpur Plastipack Limited has successfully passed all seven resolutions at its 55th Annual General Meeting held on August 10, 2026. Shareholders approved the adoption of FY26 audited financial statements and the declaration of a dividend for the fiscal year. Key leadership appointments were confirmed, including the re-appointment of Shri Manoj Agarwal as Chairman cum Managing Director. The voting results showed near-unanimous support, with 16,014,203 votes in favor of the financial statements against only 3 votes against.
- 7 resolutions passed with requisite majority at the 55th AGM held on August 10, 2026
- 16,014,203 total votes cast in favor of adopting FY26 financial statements
- 8,139 total shareholders were on record as of the August 5, 2026, record date
- 100% of votes cast were in favor of the dividend declaration for the year 2025-26
- 36 shareholders (12 promoter, 24 public) attended the meeting in person or via proxy
Kanpur Plastipack held its 55th Annual General Meeting on August 10, 2026, summarizing a strategic shift toward high-margin segments. The company confirmed the acquisition of a 76.19% stake in UK-based Valex Ventures Ltd to enhance direct European market access. Management highlighted that over 50% of energy needs are now met through solar power, alongside a complete exit from the loss-making CPP division. The company is focusing on a 'mass-boutique' model for FIBCs and entering the high-performance yarn segment via a JV.
- Acquired 76.19% stake in Valex Ventures Ltd (UK) to strengthen direct distribution in Europe.
- Achieved over 50% solar power usage for total energy requirements.
- Strategic exit from CPP business completed to repurpose land and capital for core FIBC expansion.
- Planned incremental FIBC capacity of 6,000 metric tons over the next five years.
- Maintained zero liquid discharge and rainwater harvesting across all facilities.
Kanpur Plastipack's Preferential Issue Committee is scheduled to meet on August 13, 2026, to approve the conversion of 10,12,000 warrants into equity shares. These warrants were originally allotted in May 2025 at an issue price of ₹130 per share. The conversion follows the receipt of the balance 75% payment from allottees, providing a cash inflow of approximately ₹9.87 crore. This move will increase the company's paid-up equity capital and slightly dilute existing shareholding.
- Conversion of 10,12,000 warrants into fully paid-up equity shares of ₹10 each
- Issue price fixed at ₹130 per share, including a premium of ₹120
- Preferential Issue Committee meeting scheduled for August 13, 2026
- Total fundraise value from this conversion is approximately ₹13.16 crore
- Warrants were originally allotted on May 15, 2025, with a 18-month conversion window
Kanpur Plastipack reported a record quarterly total income of Rs 207.49 Cr in Q1 FY27, crossing the Rs 200 Cr milestone for the first time. Net profit grew 112% YoY to Rs 12.14 Cr, supported by a 31% increase in realizations which significantly outpaced the 18% rise in raw material costs. The company successfully operationalized its Essegomma JV for premium Taslan yarn and is on track to commission a new non-woven technical textile facility by Q3 FY27. Net debt rose to Rs 132 Cr from Rs 112 Cr in March 2026 to fund ongoing expansions.
- Total income reached a record Rs 207.49 Cr, representing a growth of Rs 13.86 Cr year-on-year.
- EBITDA margins improved significantly to 10.69% from 7.66% in the corresponding quarter of the previous year.
- Average selling price realizations increased by 31% compared to the previous quarter, while input costs rose only 18%.
- Net profit for the quarter stood at Rs 12.14 Cr, up from Rs 5.72 Cr in the same period last year.
- Non-woven technical textile facility is scheduled for commissioning in Q3 FY27, targeting automotive and industrial sectors.
Kanpur Plastipack has published the audio recording of its Q1 FY27 earnings conference call held on July 29, 2026. The company, which reported a TTM revenue of ‡717 Cr and PAT of ‡39 Cr, is currently executing a 'mass-boutique' strategy focused on high-margin FIBCs. Investors should look for management commentary regarding the integration of the UK-based Valex Ventures acquisition and the progress of the 6,000 MT capacity expansion. The company maintains a strong promoter holding of 68.12% and is expanding its footprint in Japan and Africa.
- Earnings conference call for Q1 FY27 held on July 29, 2026, at 4:00 PM
- Company reported TTM revenue of ‡717 Cr with an operating profit margin of 8.8%
- Planned incremental FIBC capacity of 6,000 metric tons over the next five years
- Export revenue remains a significant driver, contributing approximately 75% of total turnover
- Promoter holding remains stable at 68.12% as of March 2026
Kanpur Plastipack Limited has submitted the newspaper publications of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors on July 27, 2026. This is a procedural filing as per SEBI Listing Obligations. Investors should note that the document extract contains a significant administrative discrepancy, referencing P N Gadgil Jewellers Limited instead of the subject company.
- Board of Directors approved the Q1 results on July 27, 2026
- Financial results pertain to the quarter ended June 30, 2026
- Filing made in compliance with Regulation 30(1) of SEBI LODR Regulations 2015
- Company maintains a TTM revenue of ₹717 Cr as per latest financial context
Kanpur Plastipack reported a strong Q1 FY27 with consolidated net profit rising 61.49% YoY to ₹11.68 Cr. Total income grew 14.41% YoY to ₹208.93 Cr, while EBITDA margins expanded significantly to 10.40% from 7.64% in the previous year. The company is progressing on its 6,000 MT p/a FIBC capacity expansion, with infrastructure milestones expected by September 15, 2026. Additionally, the new Technical Textiles (Non-woven) facility is scheduled for commissioning in Q3 FY27.
- Consolidated Net Profit increased 61.49% YoY to ₹11.68 Cr in Q1 FY27
- EBITDA margins improved by 276 basis points YoY to reach 10.40%
- FIBC capacity expansion of 6,000 MT p/a is underway with floor completions due by Sept 15, 2026
- Exports contribute ~70% of manufacturing revenue, with Europe accounting for 59.4% of export volume
- Technical Textiles (Non-woven) facility is on track for commercial production in Q3 FY27
Kanpur Plastipack reported a strong start to FY27 with Q1 revenue growing 13.86% YoY to ₹207.49 Cr. Net Profit more than doubled to ₹12.14 Cr, while EBITDA margins expanded significantly to 10.69% from 7.66% YoY. The company successfully commenced commercial production of Taslan Yarn through its ESSEKAN JV and confirmed that its Non-Woven project is on track for a September 2026 commissioning. Exports remain a core driver, with Europe accounting for 59.4% of the export mix.
- Net Profit surged 112.01% YoY to ₹12.14 Cr in Q1 FY27
- EBITDA margins improved by 303 basis points to 10.69% compared to 7.66% in Q1 FY26
- Commercial production and sales of Premium Taslan Yarn successfully commenced during the quarter
- Non-Woven Fabrics facility is on track for commissioning by September 2026
- Exports to Europe represent 59.4% of the total export mix, followed by South America at 19.4%
Kanpur Plastipack reported a strong start to FY27 with consolidated net profit nearly doubling to ₹11.68 Cr compared to ₹6.05 Cr in the same quarter last year. Revenue grew 14.4% YoY to ₹208.93 Cr, driven by a 35% increase in manufacturing segment results and a significant 51% jump in trading division revenue. Standalone PBT margins improved significantly to 8.1% from 5.2% YoY, reflecting better operational efficiency. While profits grew sharply YoY, they saw a sequential decline from the record ₹14.98 Cr reported in the March 2026 quarter.
- Consolidated Net Profit surged 93% YoY to ₹11.68 Cr from ₹6.05 Cr.
- Consolidated Revenue from operations increased 14.4% YoY to ₹208.93 Cr.
- Trading division revenue grew 51.3% YoY to ₹54.71 Cr from ₹36.15 Cr.
- Manufacturing segment results (before tax and interest) rose 35% YoY to ₹15.81 Cr.
- Standalone EPS for the quarter stood at ₹4.96 compared to ₹2.49 in the year-ago period.
Kanpur Plastipack Limited has scheduled its earnings conference call for the first quarter of FY27 on July 29, 2026, at 4:00 PM IST. The management, including the CMD and Deputy MD, will discuss the financial performance for the quarter ended June 30, 2026. This follows a strong TTM performance where the company recorded revenue of Rs 717 Cr and a PAT of Rs 39 Cr. Investors will likely seek updates on the commissioning of the new Greenfield plant and the progress of the 6,000 MT FIBC capacity expansion.
- Earnings conference call scheduled for July 29, 2026, at 4:00 PM IST.
- Management participants include Mr. Manoj Agarwal (CMD) and Mr. Shashank Agarwal (DMD).
- The call follows the announcement of financial results for the quarter ended June 30, 2026.
- Company currently operates with a TTM revenue of Rs 717 Cr and an OPM of 8.8%.
- Focus remains on the 75% export revenue base and the impact of global logistics.
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.
