KANPRPLA

Kanpur Plastipack financials

Kanpur-based manufacturer and exporter of industrial bulk packaging — FIBCs, PP woven fabrics, multifilament yarn and UV masterbatches — serving 60+ countries.

Market cap: ₹512 Cr
Sector: Capital Goods
Calls analysed: 5

Latest concall · Q1 FY27 · call held 29 Jul 2026

Kanpur Plastipack Limited Q1 FY27

EBITDA ₹22.19 cr +59%EBITDA Margin 10.69% PAT ₹12.14 cr +112%Total Income ₹207.49 cr +7%

What went well

Total income for Q1 FY27 exceeded ₹200 crores for the first time, reflecting business resilience.
EBITDA for Q1 FY27 stood at ₹22.19 crores, registering a strong growth of 58.98% year-on-year.
PAT for Q1 FY27 was ₹12.14 crores, representing an impressive growth of 112% year-on-year.

What to watch

Employee costs increased by approximately ₹3.5 crores compared to the previous quarter due to annual salary revision and minimum wage policy.
Ocean freight costs increased substantially from $2,000 to $5,000, posing a risk to demand and margins.

Read the full call →

What Kanpur Plastipack Limited does

Kanpur Plastipack Limited (KPL) is a backward-integrated manufacturer of Flexible Intermediate Bulk Containers (FIBCs), PP woven fabrics, multifilament yarn (MFY) and UV masterbatches, sold to industries such as agriculture, food, chemicals, minerals, construction and automotive. It exports the majority of its output across Europe, the Americas, Asia-Pacific, Africa and Australia through long-standing, repeat customer relationships. The company is diversifying into non-woven technical textiles and premium PP yarn, and has extended its international footprint through a UK subsidiary (Valex Ventures) and an Italy joint venture (ESSEKAN, with Essegomma S.p.A.).

Segments

FIBC / Jumbo Bags
PP Woven Fabrics
Multifilament Yarn (MFY)
UV Master Batches
Non-woven Fabrics
Trading

Manufacturing units: 4
Employees: 1,300+
FIBC installed capacity: 18,000 tonnes/year (~85% utilisation)
Export presence: 60+ countries
Solar power capacity: 16,197 kWp captive + 12,375 kW under long-term open-access agreements
Global subsidiaries / JV: Valex Ventures Ltd (UK, wholly owned) and ESSEKAN Pvt Ltd (50:50 JV with Essegomma S.p.A., Italy)

Founded 1971Headquarters Kanpur, Uttar Pradesh, IndiaEmployees 1,300 (FY25) Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 1 missed 13 open

Sustainable EBITDA Margin delivered said Q1 FY26 Promised: So, the sustainable margin will remain between 9% to 10%. Q1 FY27: EBITDA margin for the quarter was 10.69%, continuing to meet the old target range.
Total Outstanding Debt delivered said Q1 FY26 Promised: By end of this year... from INR190 crores, we will be down to INR125 crores. Q1 FY27: Net debt increased to INR 132 crores due to capex. The FY26 target is no longer relevant.
Essegomma JV Annual Revenue revised down said Q2 FY26 Promised: Generating a meager annual revenue of only INR25 crores in the first couple of years. Q1 FY27: FY27 revenue guidance revised down to INR 10 crores from the previous INR 20-25 crores.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.8%, net profit up 100.0% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	152	161	168	180	165 +9%	192 +19%	179 +7%	203 +13%
Expenses	142	146	151	167	150	177	158	185
EBITDA	9	15	17	13	15 +67%	14 −7%	21 +24%	18 +38%
Margin	6%	9%	10%	7%	9%	7%	12%	9%
Other income	2	3	-5	2	1	4	4	4
Interest	5	5	4	3	3	2	3	3
Depreciation	4	4	3	3	3	3	3	3
Profit before tax	2	9	5	8	10 +400%	12 +33%	20 +300%	16 +100%
Tax rate	36%	19%	44%	30%	25%	25%	25%	26%
Net profit	1	7	3	6	7 +600%	9 +29%	15 +400%	12 +100%
EPS	0.67	3.32	1.31	2.47	3.12	3.84	5.96	4.96

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 +11.0% 1Y

1Y: ₹238.38 on 10 Sept 2025 → ₹264.6. High ₹277.19 (25 Aug 2026), low ₹156.77 (16 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: −1.0%; 29 Jul
Q4 FY26: −1.3%; 4 May
Q3 FY26: −1.0%; 20 Feb
Q2 FY26: −0.7%; 13 Nov

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 14.5% a year over 3 years, FY23 to FY26. Operating margin widened to 8.8%.

Year ending	FY23	FY24	FY25	FY26
Revenue	₹477 Cr	₹493 Cr	₹613 Cr	₹716 Cr
Operating profit	₹21 Cr	₹19 Cr	₹44 Cr	₹63 Cr
Operating margin	4.5%	3.9%	7.2%	8.8%
Interest	₹12 Cr	₹17 Cr	₹19 Cr	₹11 Cr
Depreciation	₹11 Cr	₹13 Cr	₹15 Cr	₹12 Cr
Net profit	₹4 Cr	₹0 Cr	₹10 Cr	₹37 Cr
Net margin	0.8%	0.0%	1.6%	5.2%
ROCE	5.0%	5.0%	11.0%	17.0%

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	₹14 Cr	₹21 Cr	₹21 Cr	₹21 Cr	₹23 Cr	₹24 Cr
Reserves	₹143 Cr	₹158 Cr	₹159 Cr	₹159 Cr	₹203 Cr	₹241 Cr
Borrowings	₹158 Cr	₹183 Cr	₹166 Cr	₹224 Cr	₹132 Cr	₹112 Cr
Other liabilities	₹61 Cr	₹59 Cr	₹61 Cr	₹71 Cr	₹84 Cr	₹87 Cr
Total liabilities	₹377 Cr	₹420 Cr	₹407 Cr	₹475 Cr	₹443 Cr	₹465 Cr
Fixed assets	₹185 Cr	₹210 Cr	₹204 Cr	₹274 Cr	₹203 Cr	₹198 Cr
Capital work in progress	₹2 Cr	₹2 Cr	₹36 Cr	₹2 Cr	₹1 Cr	₹9 Cr
Investments	₹5 Cr	₹8 Cr	₹9 Cr	₹8 Cr	₹9 Cr	₹18 Cr
Other assets	₹184 Cr	₹201 Cr	₹158 Cr	₹192 Cr	₹230 Cr	₹241 Cr
Total assets	₹377 Cr	₹420 Cr	₹407 Cr	₹475 Cr	₹443 Cr	₹465 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.

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Kanpur Plastipack Limited

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