EPACK
EPACK Durable share price & financials
- Price
- ₹230.39
- Market cap
- ₹2.0k Cr
- Sector
- Consumer Durables
- Calls analysed
- 8
EPACK Durable Limited Q1 FY27
What went well
- Highest ever quarterly revenue of ₹886 crores, reflecting a 34% YoY growth.
- Strong growth in core RAC business (44% total, 30% volume, 14% value) and 68% YoY growth in domestic appliances.
- Successful diversification strategy, now serving 72 customers across 19 product categories, reducing customer concentration.
What to watch
- EBITDA margin compressed to 6.21% from 8.24% YoY, primarily due to absence of PLI income (₹13.31 crores in Q1 FY26) and forex losses.
- Net profit was ₹11.8 crores, impacted by higher depreciation and finance costs.
What EPACK Durable Limited does
EPACK Durable is an Original Design/Equipment Manufacturer (ODM/OEM) of consumer durables: it manufactures room air conditioners (indoor and outdoor units, window ACs), small and large domestic appliances (induction cooktops, mixer grinders, air fryers, water dispensers, washing machines, air coolers) and critical components (heat exchangers, copper tubing, PCBs, plastic-moulded and sheet-metal parts, universal motors, induction coils) under contract for other consumer-electronics brands. It earns by producing finished appliances and components that client brands then sell under their own labels rather than selling products under its own retail brand. Its manufacturing partnerships include global and domestic brands such as Daikin, Panasonic and Hisense, plus a Hisense-dedicated facility and a BLDC-motor joint venture (EPAVO) for backward integration into components.
Segments
- AC
- SDA & LDA
- Components
- Others
- Manufacturing facilities
- 5 pan-India (Dehradun; Bhiwadi — EDL & EPAVO; Sri City — EDL & EMTPL/Hisense)
- Trusted customers
- 72+
- Products manufactured (categories)
- 18+
- Installed capacity — RAC units
- Indoor units (IDU) 1.60 Mn/yr; Outdoor units (ODU) 2.05 Mn/yr; Window AC 0.62 Mn/yr
- Installed capacity — SDA/LDA
- Induction cooktop 2.00 Mn/yr (single, plus 3500W dual line); Mixer grinder 0.62 Mn/yr; Washing machine 0.65 Mn/yr; Air cooler 0.60 Mn/yr; Water dispenser 0.11 Mn/yr
- In-house R&D labs
- 3 NABL-certified
Guidance record · Q1 FY27
what the last two calls moved 28 tracked 0 delivered 11 missed 17 open- FY25 Revenue Growth went quiet said Q2 FY25 Promised: 50%+ Q1 FY27: Target period has passed. Not mentioned.
- PLI Incentive for FY27 at risk said Q4 FY26 Promised: Eligible for ₹60 crores in FY27 Q1 FY27: No PLI income was recognized in Q1 FY27, in contrast to Q1 FY26. Management is negotiating to claw back discounts given to customers. Recognition remains uncertain.
- Total Capex on track said Q4 FY25 Promised: ₹450-500 crores over next 12-18 months Q1 FY27: Capex of ~₹10cr booked in Q1. Total booked is now ₹330-340cr with ₹40-50cr in CWIP, against a target of ₹450-500cr. Progress is steady.
All 28 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 33.8%, net profit down 47.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 377 | 377 | 643 | 662 | 213 −44% | 428 +14% | 591 −8% | 886 +34% |
| EBITDA | 9 | 23 | 71 | 54 | -1 −111% | 29 +26% | 24 −66% | 53 −2% |
| Net profit | -8 | 3 | 38 | 23 | -22 −175% | 3 +0% | 0 −100% | 12 −48% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −52.2% 1Y
1Y: ₹387.45 on 10 Sept 2025 → ₹185.15. High ₹390.95 (17 Sept 2025), low ₹185.15 (11 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −6.6%
- 12 Aug
- Q4 FY26
- −10.2%
- 21 May
- Q3 FY26
- −4.2%
- 21 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 15.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1.4k Cr | ₹2.2k Cr | ₹1.9k Cr |
| Operating profit | ₹114 Cr | ₹155 Cr | ₹106 Cr |
| Operating margin | 8.0% | 7.1% | 5.6% |
| Interest | ₹39 Cr | ₹54 Cr | ₹60 Cr |
| Depreciation | ₹36 Cr | ₹47 Cr | ₹55 Cr |
| Net profit | ₹36 Cr | ₹56 Cr | ₹4 Cr |
| Net margin | 2.5% | 2.6% | 0.2% |
| Cash from operations | ₹257 Cr | ₹31 Cr | ₹-140 Cr |
| Free cash flow | ₹100 Cr | ₹-83 Cr | ₹-455 Cr |
| ROCE | 8.0% | 10.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹52 Cr | ₹52 Cr | ₹96 Cr | ₹96 Cr | ₹96 Cr |
| Reserves | ₹21 Cr | ₹70 Cr | ₹262 Cr | ₹796 Cr | ₹871 Cr | ₹864 Cr |
| Borrowings | ₹262 Cr | ₹415 Cr | ₹525 Cr | ₹386 Cr | ₹684 Cr | ₹739 Cr |
| Other liabilities | ₹189 Cr | ₹539 Cr | ₹626 Cr | ₹489 Cr | ₹330 Cr | ₹806 Cr |
| Total liabilities | ₹520 Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹2.0k Cr | ₹2.5k Cr |
| Fixed assets | ₹116 Cr | ₹327 Cr | ₹419 Cr | ₹678 Cr | ₹745 Cr | ₹909 Cr |
| Capital work in progress | ₹0 Cr | ₹8 Cr | ₹92 Cr | ₹27 Cr | ₹85 Cr | ₹89 Cr |
| Investments | ₹0 Cr | ₹3 Cr | ₹5 Cr | ₹9 Cr | ₹35 Cr | ₹12 Cr |
| Other assets | ₹404 Cr | ₹738 Cr | ₹949 Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.5k Cr |
| Total assets | ₹520 Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹2.0k Cr | ₹2.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +1.96 pp while promoters trimmed −1.60 pp.
- Promoters
- 46.4%
- FIIs
- 0.3%
- DIIs
- 5.2%
- Public
- 48.0%
Since Jun 2025
- Public +1.96 pp
- Promoters −1.60 pp
- DIIs −0.31 pp
How it drifted, 10 quarters
Over this window the public went from 32.4% to 48.0% — +15.6 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 48.1%, FIIs 1.3%, DIIs 18.2%, Public 32.4%.Jun '24: Promoters 48.1%, FIIs 0.7%, DIIs 16.0%, Public 35.1%.Sep '24: Promoters 48.1%, FIIs 2.0%, DIIs 10.6%, Public 39.4%.Dec '24: Promoters 48.0%, FIIs 1.3%, DIIs 9.0%, Public 41.7%.Mar '25: Promoters 48.0%, FIIs 1.6%, DIIs 6.6%, Public 43.8%.Jun '25: Promoters 48.0%, FIIs 0.4%, DIIs 5.5%, Public 46.0%.Sep '25: Promoters 47.9%, FIIs 1.5%, DIIs 5.9%, Public 44.7%.Dec '25: Promoters 47.2%, FIIs 0.3%, DIIs 7.1%, Public 45.5%.Mar '26: Promoters 47.2%, FIIs 0.3%, DIIs 6.6%, Public 46.0%.Jun '26: Promoters 46.4%, FIIs 0.3%, DIIs 5.2%, Public 48.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Extreme Thematic Design Company (Partnership Firm) newly disclosed 0.00% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of EPACK Durable Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ajay Dd Singhania | 8.83% | unchanged |
| Sanjay Singhania | 8.10% | −0.73 pp |
| Bajrang Bothra | 7.04% | unchanged |
| Augusta Investments Zero Pte. Ltd. | 6.10% | unchanged |
| Laxmi Pat Bothra | 5.01% | unchanged |
| Rajjat Bothra | 3.86% | unchanged |
| Pinky Ajay Singhania | 3.38% | unchanged |
| Preity Singhania | 3.38% | unchanged |
| Nitin Bothra | 3.33% | unchanged |
| Nikhil Bothra | 3.33% | unchanged |
| Bandhan Small Cap Fund Mutual fund | 2.89% | unchanged |
| Tata Mutual Fund - Tata Aggressive Hybrid Fund Mutual fund | 1.56% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in EPACK
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹8 Cr
- 1 schemes
- Biggest holder
- HDFC Dividend Yield Fund
- ₹8 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹8 Cr | held | Jan '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +9%
- vs est. average cost
- Held by funds
- ₹8 Cr
- 1 schemes · ≈ 0.40% of the company
Shares held by these funds −78%
Jan '24 3.48 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse EPACK Durable Limited
Guides on how to read this kind of business and the numbers that matter.