Worth Peripherals Limited (WORTHPERI)
₹168.89 +10.36% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Worth Peripherals' revenue was ₹82.0 Cr (+7.6% year on year, +7.7% on the previous quarter), and net profit ₹5.2 Cr (+21.0% year on year); the operating margin was 11.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹82.0 | +7.6% | +7.7% |
| Operating profit | ₹9.7 | +33.2% | +7.1% |
| Net profit | ₹5.2 | +21.0% | +15.1% |
| EPS (₹) | 2.65 | +21.6% | +21.0% |
| Operating margin | 11.8% | — | — |
WORTHPERI delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 43.7% of the WORTHPERI shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.33%. The price rose 10.36% on unusually low delivery, so more of the move than usual was intraday trading. It traded 10.5 times its average daily volume. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 42.7% · 65.0% · 64.9% · 93.9% · 43.7%
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
Worth Peripherals Limited announced that shareholders approved the appointment of M/s. RS Mantri And Associates as Secretarial Auditor for a 5-year tenure at the 30th AGM held on September 16, 2026. The appointment spans financial years 2026-27 to 2030-31, concluding at the 35th AGM in 2031. The firm is led by Mrs. Surabhi Rathi Mantri with over six years of experience in corporate law and compliance. This is a standard statutory compliance update with zero direct impact on operational or financial metrics.
- Shareholder approval granted at the 30th AGM on September 16, 2026
- Secretarial Auditor appointment term set for 5 consecutive years (FY 2026-27 to FY 2030-31)
- Tenure extends until the conclusion of the 35th AGM in 2031
- Appointee firm possesses over 6 years of experience in corporate law and compliance
Worth Peripherals Limited released the Scrutinizer's Report and voting results for its 30th Annual General Meeting held on September 16, 2026. All four ordinary resolutions, including the adoption of FY26 financial statements and approval of a final dividend of Rs 1 per equity share (face value Rs 10), were passed with 100% votes in favor. A total of 11,247,371 votes were polled across 52 members, representing 71.40% of the company's total outstanding shares (15,751,000 shares). Other approved items included the reappointment of Mrs. Amarveer Kaur Chadha as director and the appointment of M/s. RS Mantri and Associates as Secretarial Auditor.
- Declared final dividend of Rs. 01 per equity share of face value Rs. 10 for FY 2025-26
- Total votes polled stood at 11,247,371, representing 71.40% of total 15,751,000 outstanding shares
- All resolutions passed with 100% votes in favor and 0 votes against
- Promoter group voted 10,743,880 shares (100% turnout), while public non-institutions polled 503,491 shares (10.05% turnout)
Worth Peripherals Managing Director and Promoter Group member Jayvir Chadha acquired 970 equity shares through open market transactions on September 17, 2026. At the current share price of Rs 147.9, the transaction value is roughly Rs 1.43 lakh, representing a negligible fraction of the company's Rs 233 Cr market capitalization. The company confirmed the purchase falls well within SEBI insider trading and takeover limits.
- Managing Director Jayvir Chadha acquired 970 equity shares
- Acquisition was conducted through open market purchase
- Transaction confirmed within SEBI Insider Trading and SAST limits
Worth Peripherals Limited conducted its 30th Annual General Meeting on September 16, 2026, via video conferencing. Key ordinary business put forth included the approval of standalone and consolidated FY26 financial statements and a final dividend declaration of Rs 1 per equity share (face value Rs 10). Additionally, the appointment of M/s. RS Mantri & Associates as Secretarial Auditor was tabled as special business. Voting results will be submitted within two working days following the Scrutinizer's report.
- 30th Annual General Meeting successfully convened on September 16, 2026, from 2:00 PM to 2:41 PM IST
- Final dividend of Rs 01 per equity share of face value Rs 10 recommended for FY25-26
- Remote e-voting was active from September 13, 2026, to September 15, 2026
- Formal voting results to be announced within two working days of the AGM
Worth Peripherals Limited has agreed to extend a co-obligancy (guarantee) for the renewal of a ₹1.00 crore working capital (Cash Credit) facility sanctioned to its joint venture, M/s Yash Packers, by Federal Bank. The facility is renewed for a 12-month period at an interest rate of 8.30% per annum with a 25% margin on stock and book debts. The guarantee constitutes a contingent liability of ₹1 crore, which is immaterial (<0.5%) compared to the company's TTM revenue of ₹213 crore.
- Extended guarantee for ₹1,00,00,000 (₹1 Cr) cash credit facility of JV M/s Yash Packers
- Facility sanctioned by Federal Bank for a tenure of 12 months
- Carries an interest rate of 8.30% p.a. with 25% margin on stock and book debts
- Represents ~0.47% of Worth Peripherals' TTM revenue of ₹213 Cr
Worth Peripherals Limited has approved extending a co-obligancy guarantee of ₹1.00 crore for its joint venture, M/s Yash Packers. The guarantee supports the renewal of a 12-month working capital cash credit facility sanctioned by Federal Bank at an interest rate of 8.30% per annum. Relative to Worth Peripherals' TTM revenue of ₹213 crore and market cap of ₹245 crore, the ₹1 crore contingent liability is very minor (<0.5% of revenue). The transaction is on an arm's length basis with no direct promoter interest.
- Guarantee amount extended is ₹1,00,00,000 (₹1.00 crore) for JV M/s Yash Packers
- Cash credit facility renewed for a 12-month tenure at an 8.30% p.a. interest rate
- Facility terms require a 25% margin on stock and book debts by the lender Federal Bank
- Sanctioned as per Federal Bank's letter dated August 20, 2026
Worth Peripherals Limited has dispatched the Notice and Annual Report for its 30th Annual General Meeting scheduled for September 16, 2026. In the Chairman's message, the company reported FY26 revenue of ₹209.54 Cr (up from ₹194.71 Cr) and net profit of ₹17.63 Cr (vs ₹15.80 Cr in FY25). Additionally, the company confirmed that its greenfield manufacturing facility in Indore commenced commercial production on August 1, 2026, and proposed a final dividend of ₹1.00 per share.
- 30th Annual General Meeting convened for September 16, 2026
- New greenfield manufacturing plant in Indore commenced production on August 1, 2026
- Proposed final dividend of ₹1.00 per equity share (face value ₹10)
- Annual revenue reported at ₹209.54 Cr (₹20,953.85 Lakhs) vs ₹194.71 Cr in the previous year
- Net profit stood at ₹17.63 Cr (₹1,763.35 Lakhs) compared to ₹15.80 Cr in FY25
Worth Peripherals Limited has scheduled its 30th Annual General Meeting (AGM) for Wednesday, September 16, 2026, via video conferencing. The company has fixed September 9, 2026, as the record date for determining shareholder eligibility for remote e-voting and the FY 2025-26 final dividend. Subject to shareholder approval at the AGM, the final dividend will be disbursed on or before October 15, 2026. The specific dividend per share amount was not detailed in this intimation.
- Record date fixed as September 9, 2026 for final dividend and remote e-voting eligibility
- 30th Annual General Meeting to be held on September 16, 2026 at 2:00 PM IST via VC/OAVM
- Final dividend for FY26, if approved, to be paid on or before October 15, 2026
Worth Peripherals Limited has scheduled its 30th Annual General Meeting (AGM) for September 16, 2026, to be held via Video Conferencing. The company has fixed September 9, 2026, as the record date for remote e-voting and eligibility for the FY26 final dividend. If declared by shareholders at the AGM, the dividend will be paid on or before October 15, 2026.
- 30th AGM to be held on Wednesday, September 16, 2026, at 2:00 PM IST via VC/OAVM
- Record date established as Wednesday, September 9, 2026, for remote e-voting and FY26 final dividend eligibility
- Final dividend, upon shareholder declaration at the AGM, will be disbursed on or before October 15, 2026
Worth Peripherals Limited informed the exchanges of open market share acquisitions by its promoter group members. Managing Director Jayvir Chadha purchased 1,165 equity shares, while Ganiv Chadha acquired 874 equity shares. The total acquisition of 2,039 shares represents an estimated value of ~Rs 3.1 lakh at current market prices, which is immaterial relative to the company's Rs 240 Cr market capitalization. The company confirmed compliance with SEBI insider trading and takeover regulations.
- Jayvir Chadha (MD and Promoter Group) acquired 1,165 equity shares via open market
- Ganiv Chadha (Promoter Group) acquired 874 equity shares via open market
- Combined transaction of 2,039 shares has an estimated value of ~Rs 3.1 lakh
- Company confirmed acquisitions are within SEBI PIT and SAST prescribed limits
Worth Peripherals has announced the commencement of commercial production at its new greenfield facility under subsidiary Worth Wellness as of August 1, 2026. This follows a strong Q1 FY27 performance where standalone revenue grew 7% YoY to ₹55.81 Cr and PAT surged 49.6% YoY to ₹5.53 Cr. To support the new operations, the company is infusing ₹30 Cr in equity and providing a ₹20 Cr inter-corporate loan to the subsidiary. The ₹125 Cr total expansion cost represents approximately 51% of the company's current market capitalization, signaling a major scale-up.
- Commenced commercial production at the new state-of-the-art greenfield facility on August 1, 2026
- Q1 FY27 standalone Profit After Tax increased to ₹5.53 Cr from ₹3.70 Cr in the same quarter last year
- Approved ₹30 Cr equity investment in subsidiary Worth Wellness at ₹50 per share
- Sanctioned a ₹20 Cr unsecured inter-corporate loan for a 3-year tenure to meet working capital needs
- Total outstanding loan to the subsidiary now stands at ₹49.5 Cr
Worth Peripherals has successfully commenced commercial production at its wholly-owned subsidiary, Worth Wellness Private Limited (WWPL), as of August 1, 2026. This Indore-based greenfield facility represents a major Rs 125 Cr investment, significantly expanding capacity beyond previous 100% utilization levels. To support this, the board approved a Rs 30 Cr equity infusion into WWPL and an additional Rs 20 Cr inter-corporate loan. Simultaneously, the company reported strong Q1 FY27 standalone results with PAT rising 49.6% YoY to Rs 5.53 Cr.
- Commenced commercial production at the new Indore corrugated packaging facility on August 1, 2026
- Allotted 60,00,000 equity shares of WWPL to the parent company at Rs 50 per share, totaling Rs 30 Cr
- Approved a new inter-corporate loan of Rs 20.00 Cr to the subsidiary WWPL for operational needs
- Standalone Q1 FY27 revenue grew 7.07% YoY to Rs 55.81 Cr from Rs 52.13 Cr
- Standalone Q1 FY27 Profit After Tax (PAT) increased 49.6% YoY to Rs 5.53 Cr
Worth Peripherals' wholly-owned subsidiary, Worth Wellness (WWPL), commenced commercial production on August 1, 2026, at its Indore facility. This follows a major Rs 125 Cr greenfield investment, representing approximately 54% of the company's TTM revenue. Alongside this, the company reported strong Q1 FY27 standalone results with PAT rising 49.6% YoY to Rs 5.53 Cr. To support the new operations, the board approved a Rs 30 Cr equity infusion and a Rs 20 Cr inter-corporate loan to the subsidiary.
- Commenced commercial production at the Indore manufacturing facility effective August 1, 2026
- Standalone Q1 FY27 revenue increased to Rs 55.81 Cr from Rs 52.13 Cr in the same quarter last year
- Approved Rs 30 Cr equity allotment (60 lakh shares at Rs 50 each) to the subsidiary WWPL
- Sanctioned an inter-corporate loan of Rs 20 Cr to WWPL to support operational needs
- Greenfield expansion involves a total investment of Rs 125 Cr to scale corrugated packaging capacity
Worth Peripherals has announced the commencement of commercial production at its wholly-owned subsidiary, Worth Wellness Private Limited (WWPL), as of August 1, 2026. To support this expansion, the board approved a ₹30 crore equity infusion and a ₹20 crore inter-corporate loan to WWPL, totaling ₹50 crore (approx. 21% of market cap). Standalone Q1 FY27 results show a 7% YoY revenue growth to ₹55.81 crore and a significant 49.6% YoY increase in PAT to ₹5.53 crore. This expansion aims to address previous 100% capacity utilization constraints.
- Commenced commercial production at the new WWPL corrugated packaging facility on August 1, 2026
- Approved ₹30 crore equity investment in WWPL through 60 lakh shares at ₹50 per share
- Sanctioned a ₹20 crore unsecured inter-corporate loan to WWPL for a 3-year tenure
- Standalone Q1 FY27 PAT increased 49.6% YoY to ₹5.53 crore from ₹3.70 crore
- Appointed RS Mantri And Associates as Secretarial Auditor for a 5-year term (2026-2031)
Worth Peripherals reported a strong Q1 FY27 with standalone PAT rising 49.6% YoY to Rs 5.53 Cr. A major milestone was achieved as its wholly-owned subsidiary, Worth Wellness Private Limited (WWPL), commenced commercial production at its new corrugated packaging facility on August 1, 2026. To fund operations, the board approved a Rs 30 Cr equity infusion and a Rs 20 Cr inter-corporate loan to WWPL. This total commitment of Rs 50 Cr represents approximately 21% of the company's current market capitalization, signaling a significant scale-up phase.
- Standalone PAT increased 49.6% YoY to Rs 5.53 Cr for the quarter ended June 30, 2026
- Wholly-owned subsidiary WWPL commenced commercial production on August 1, 2026, at its Indore facility
- Board approved allotment of 60,00,000 equity shares of WWPL at Rs 50 per share, totaling Rs 30 Cr
- Approved an additional Rs 20 Cr unsecured inter-corporate loan to WWPL for a 3-year tenure
- Standalone revenue from operations grew 7% YoY to Rs 55.81 Cr compared to Rs 52.13 Cr in the previous year
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).
Macro Economic Sensitivity
Highly sensitive to FMCG sector growth and industrial production cycles in India.
Consumer Behavior
Increased consumer demand for packaged FMCG goods drives the volume for corrugated boxes.
Geopolitical Risks
Indirect exposure through global paper pulp price trends which dictate domestic Kraft paper pricing.
Regulatory & Governance
Industry Regulations
Subject to BIS standards for packaging material and environmental regulations regarding the recyclability of corrugated products.
Environmental Compliance
The company must comply with pollution control board norms regarding paper waste and manufacturing emissions.
Taxation Policy Impact
Standard corporate tax rates apply; no specific fiscal incentives mentioned.
Legal Contingencies
No major pending court cases or material legal disputes disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Volatility in Kraft paper prices (65-70% of costs) and the successful execution/ramp-up of the INR 125 Cr greenfield expansion.
Geographic Concentration Risk
High concentration in Madhya Pradesh (Indore), though serving national FMCG clients.
Third Party Dependencies
High dependency on paper mills for raw material supply.
Technology Obsolescence Risk
Low risk, but requires continuous investment in high-speed corrugation machinery to maintain margins.
Credit & Counterparty Risk
Low risk; current ratio is healthy at 5.3x and the company maintains a cash balance of INR 69 Cr.
