🔍

WORTHPERI - Worth Peripheral

📊 NSE: WORTHPERI 🏢 Packaging 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Worth Peripherals Re-appoints Amarveer Kaur Chadha as Whole Time Director for 3 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Mar 2026, 05:08 PM

Worth Peripherals Limited has announced the re-appointment of Smt. Amarveer Kaur Chadha as a Whole Time Director for a three-year term effective from June 1, 2026, to May 31, 2029. Smt. Chadha is a promoter with over 19 years of experience in Human Resources and holds MA and LLB degrees. The board has also approved a postal ballot for shareholder approval, with a cut-off date of March 13, 2026. Additionally, the company has updated its Corporate Social Responsibility (CSR) policy.

Re-appointment of Smt. Amarveer Kaur Chadha as Whole Time Director for a 3-year term starting June 2026.
Smt. Chadha has over 19 years of experience in Human Resources and is a promoter of the company.
Shareholder voting cut-off date for the postal ballot is set for March 13, 2026.
The Board of Directors also approved the updation of the company's CSR policy.

💡 This is a routine management re-appointment of a promoter-director, ensuring leadership continuity. Investors should monitor the postal ballot results but no immediate portfolio action is required.

Worth Peripherals Re-appoints Amarveer Kaur Chadha as WTD for 3 Years; Updates CSR Policy

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Mar 2026, 05:04 PM

Worth Peripherals Limited has announced the re-appointment of Smt. Amarveer Kaur Chadha as a Whole Time Director for a three-year term effective from June 1, 2026, to May 31, 2029. The Board also approved an update to the company's CSR policy and set March 13, 2026, as the cut-off date for the upcoming postal ballot. Smt. Chadha is a promoter with over 19 years of experience in Human Resources and holds degrees in Arts and Law. This move ensures leadership continuity within the promoter group for the medium term.

Re-appointment of Smt. Amarveer Kaur Chadha as Whole Time Director for a 3-year term starting June 1, 2026.
Cut-off date for eligibility to vote in the upcoming Postal Ballot is set for March 13, 2026.
The appointee has over 19 years of experience in Human Resources and is part of the promoter group.
Board approved the updation of the Company's Corporate Social Responsibility (CSR) policy.
The meeting concluded within 30 minutes, indicating a routine approval of pre-discussed administrative matters.

💡 This is a routine management continuity update and requires no immediate portfolio changes. Shareholders should look out for the postal ballot notice to exercise their voting rights on the re-appointment.

Worth Peripherals Q3 PAT Rises 5.8% YoY to ₹4.36 Cr; Subsidiary Expansion on Track

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 02:04 PM

Worth Peripherals reported a steady performance for Q3 FY26, with standalone revenue from operations growing 7.8% YoY to ₹51.88 crore. Net profit for the quarter stood at ₹4.36 crore, up from ₹4.12 crore in the previous year. The nine-month performance was more robust, with PAT increasing 20.8% YoY to ₹12.69 crore. Additionally, the company provided a positive update on its subsidiary, Worth Wellness, noting that civil works are nearing completion and machinery installation is expected to begin shortly.

Standalone Revenue for Q3 FY26 increased 7.8% YoY to ₹5,188.18 Lakhs.
Net Profit (PAT) for the nine-month period ended Dec 2025 rose 20.8% YoY to ₹1,269.48 Lakhs.
Earnings Per Share (EPS) for 9M FY26 improved to ₹8.06 from ₹6.67 in the corresponding period last year.
Subsidiary Worth Wellness Private Limited is nearing completion of phase one civil work with machinery arriving on-site.
Board approved updates to 15 internal policies to align with the latest SEBI and Companies Act regulations.

💡 Investors should focus on the upcoming production commencement at the Worth Wellness subsidiary as a primary growth catalyst. The company maintains a healthy bottom-line growth and stable margins in its core corrugated box business.

Worth Peripherals Q3 PAT Rises 5.8% YoY to ₹4.36 Cr; Subsidiary Expansion Nears Completion

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 01:56 PM

Worth Peripherals reported a steady Q3 FY26 with standalone Profit After Tax (PAT) growing 5.8% year-on-year to ₹4.36 crore. Revenue from operations increased by 7.8% YoY to ₹51.88 crore, although it saw a slight sequential dip from Q2. The company's 9-month performance remains strong, with PAT up 20.8% compared to the previous year. Additionally, the company provided a positive update on its subsidiary, Worth Wellness, noting that production is expected to commence soon as machinery installation begins.

Q3 FY26 Standalone Revenue grew 7.8% YoY to ₹5,188.18 Lakhs.
Standalone PAT for the quarter stood at ₹436.50 Lakhs, up from ₹412.56 Lakhs in the same period last year.
9M FY26 PAT showed significant growth of 20.8% YoY, reaching ₹1,269.48 Lakhs.
Subsidiary Worth Wellness Private Limited is nearing production phase with civil work almost complete and machinery arriving.
Earnings Per Share (EPS) for the 9-month period improved to ₹8.06 from ₹6.67 YoY.

💡 Investors should monitor the commencement of production at the new subsidiary, Worth Wellness, as it represents a key growth catalyst. The steady year-on-year growth in earnings suggests stable operational performance in the core corrugated box segment.

Worth Peripherals Q3 PAT Rises 5.8% YoY to ₹4.36 Cr; Subsidiary Expansion Nears Completion

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 01:36 PM

Worth Peripherals reported a steady year-on-year performance for Q3 FY26, with revenue from operations growing 7.8% to ₹51.88 crore compared to ₹48.12 crore in Q3 FY25. While Profit After Tax (PAT) saw a slight sequential dip from ₹4.63 crore in Q2 to ₹4.36 crore, the nine-month performance remains robust with a 20.8% increase in PAT to ₹12.69 crore. Additionally, the company provided a positive update on its subsidiary, Worth Wellness Private Limited, stating that civil work is nearing completion and machinery installation is set to commence soon, paving the way for production.

Q3 Revenue from operations stood at ₹5,188.18 Lakhs, representing a 7.8% growth over the previous year's corresponding quarter.
Net Profit for the quarter reached ₹436.50 Lakhs, up from ₹412.56 Lakhs in Q3 FY25.
Nine-month (9M FY26) Profit After Tax grew significantly to ₹1,269.48 Lakhs from ₹1,050.61 Lakhs YoY.
Subsidiary Worth Wellness Private Limited is nearing the production phase with machinery currently arriving at the site.
Basic and Diluted EPS for the quarter was ₹2.77, compared to ₹2.62 in the same period last year.

💡 Investors should monitor the commencement of production at the Worth Wellness subsidiary, as this expansion is likely to drive the next leg of growth. The company's consistent year-on-year profitability and low debt-related finance costs (₹11.76 Lakhs) suggest a stable financial position.

Worth Peripherals Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 03:44 PM

Worth Peripherals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during the quarter ended December 31, 2025. This is primarily because 100% of the company's shares are already held in demat form. This filing is a standard procedural requirement for all listed entities in India.

Compliance certificate issued for the third quarter ended December 31, 2025.
Registrar Bigshare Services confirms zero demat or remat requests during the quarter.
The company maintains 100% of its shareholding in dematerialized form.
Filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.

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

Worth Peripherals to Close Trading Window from Jan 1, 2026 for Q3 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Dec 2025, 03:01 PM

Worth Peripherals Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the un-audited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all directors, KMPs, and designated insiders until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be notified in due course.

Trading window closure effective from Thursday, January 1, 2026
Closure pertains to financial results for the quarter and nine months ending December 31, 2025
Window to reopen 48 hours after the official declaration of financial results
Applies to all Directors, KMPs, Connected Persons, and Designated Employees
Board meeting date for result approval to be announced separately

💡 This is a routine regulatory filing with no direct impact on company fundamentals. Investors should wait for the announcement of the board meeting date to assess the upcoming quarterly performance.

WORTHPERI: Change in Company Secretary/Compliance Officer

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 12 Dec 2025, 03:18 PM

Worth Peripherals Limited announced the resignation of Ms. Nidhi Arjariya (M. No. A54208) as Company Secretary, Compliance Officer, and Nodal Officer, effective December 12, 2025. Simultaneously, Mr. Tushar Batham (M. No. A72645) has been appointed to the same roles, effective December 15, 2025. Mr. Batham has over 2 years of experience in Secretarial and Legal Compliances. This change also affects the Key Managerial Personnel (KMP) authorized to determine the materiality of events for disclosure to the Stock Exchange.

Ms. Nidhi Arjariya resigned as Company Secretary, Compliance Officer, and Nodal Officer effective December 12, 2025.
Mr. Tushar Batham appointed as Company Secretary, Compliance Officer, and Nodal Officer effective December 15, 2025.
Mr. Batham's membership number with the Institute of Company Secretaries of India is A72645.
Meeting commenced at 2:45 p.m. and concluded at 3.05 p.m.

💡 Investors should note the change in key managerial personnel and review the updated list of KMPs authorized to determine the materiality of events for stock exchange disclosures. This is a routine management change and does not require immediate action.

WORTHPERI: Change in Company Secretary, Compliance Officer & Nodal Officer

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 12 Dec 2025, 03:16 PM

Worth Peripherals Limited announced the resignation of Ms. Nidhi Arjariya as Company Secretary, Compliance Officer, and Nodal Officer, effective December 12, 2025. Mr. Tushar Batham (M. No. A72645) has been appointed to the same positions, effective December 15, 2025. Mr. Batham has more than 2 years of experience in Secretarial and Legal Compliances. This change also affects the Key Managerial Personnel authorized to determine the materiality of events for disclosure to stock exchanges.

Ms. Nidhi Arjariya resigned as Company Secretary, Compliance Officer, and Nodal Officer on December 12, 2025.
Mr. Tushar Batham appointed as Company Secretary, Compliance Officer, and Nodal Officer effective December 15, 2025.
Mr. Batham holds membership no: ACS 72645 with the Institute of Company Secretaries of India.
Meeting commenced at 2:45 p.m. and concluded at 3.05 p.m.

💡 Investors should note the change in key managerial personnel. Monitor future disclosures to the stock exchanges made by the newly appointed Company Secretary & Compliance Officer.

View All WORTHPERI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 13.58% YoY to INR 280.43 Cr in FY25 from INR 246.90 Cr in FY24. Standalone revenue grew 10.2% to INR 201.97 Cr. H1 FY26 revenue is estimated at INR 154 Cr, a 13.2% increase over INR 136 Cr in H1 FY25.

Geographic Revenue Split

Not explicitly disclosed, though operations are primarily centered in Indore, Madhya Pradesh, serving large FMCG players across India.

Profitability Margins

Consolidated PAT margin was 6.28% in FY25, down from 6.72% in FY24. Standalone Net Profit Margin declined 11.16% YoY to 8.12% in FY25 from 9.14% in FY24 due to moderation in realizations.

EBITDA Margin

Operating margin was 10.2% in FY25, down from 12.28% (standalone) in FY24. Margins sustained at approximately 10% in H1 FY26 despite raw material volatility.

Capital Expenditure

Planned greenfield expansion capex of INR 125 Cr during FY25-26 via wholly owned subsidiary Worth Wellness Private Limited (WWPL). This is funded by a term loan of INR 48 Cr and the balance from promoter contribution.

Credit Rating & Borrowing

CRISIL BBB+/Stable for long-term facilities (INR 10 Cr) and CRISIL A2 for short-term facilities (INR 0.18 Cr). Borrowing is controlled with a low debt-equity ratio of 0.10x on a consolidated basis.

⚙️ Operational Drivers

Raw Materials

Kraft paper, which represents approximately 65-70% of the total cost of sales.

Import Sources

Not specifically disclosed; likely sourced from domestic paper mills given the nature of the corrugation industry.

Capacity Expansion

Current revenue growth was constrained by full capacity utilization. The company is executing a greenfield expansion via WWPL with INR 125 Cr investment to scale operations during FY25-26.

Raw Material Costs

Raw material costs account for 65-70% of revenue. Operating margins (10-12% range) are highly susceptible to Kraft paper price fluctuations, making cost pass-through to customers essential for profitability.

Manufacturing Efficiency

Revenue growth was previously limited by 100% capacity utilization; the new greenfield unit is expected to improve scale and operational efficiency.

📈 Strategic Growth

Expected Growth Rate

13.2%

Growth Strategy

Growth will be driven by the timely ramp-up of the INR 125 Cr greenfield expansion unit under WWPL. The company also completed the acquisition of Worth Wellness Private Limited as a 100% subsidiary in December 2024 to consolidate operations and increase market reach in the packaging sector.

Products & Services

Corrugated boxes used for packaging in the FMCG and consumer goods sectors.

Brand Portfolio

WORTHPERI (Worth Peripherals Limited).

New Products/Services

Expansion into wellness-related packaging through the Worth Wellness subsidiary, though specific revenue contribution percentages are not yet disclosed.

Market Expansion

Focusing on scaling the greenfield unit in FY26 to serve a larger share of the Indian corrugation market.

Market Share & Ranking

Not disclosed; company is characterized as having an 'average scale of operations' with revenue of INR 276 Cr.

Strategic Alliances

Consolidation of Worth Wellness Private Limited and Yash Packers (50% subsidiary) to create financial fungibility and operational synergy.

🌍 External Factors

Industry Trends

The Indian corrugation industry is growing due to FMCG demand and a shift toward sustainable paper-based packaging. Worth Peripherals is positioning itself by expanding capacity to move beyond its current 'average scale' constraints.

Competitive Landscape

Intense competition from both organized and unorganized players in the corrugated box manufacturing sector.

Competitive Moat

The company's moat is built on the 35-year experience of promoter Raminder Singh Chadha and deep-rooted FMCG client relationships. This is sustainable as long as the company maintains its healthy financial risk profile (gearing of 0.1x).