Kanpur Plastipack Limited (KANPRPLA) AI Stock Analysis

• Market Cap: ₹4.04B
• Dividend Yield: 0.52%
• Average Volume (3M): 3.17K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.33
• Revenue Growth: 23.02%
• EPS Growth: N/A
• Country: IN
• Employees: 1,258
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaging & Containers
• EPS (TTM): 4.56
• Shares Outstanding: 24,012,459
• 10 Day Avg. Volume: 895
• 30 Day Avg. Volume: 3,172
• PEG Ratio: 0.02
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 7.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹208.00 ▲(17.88% Upside)
• Action: Reiterated Date: 01/22/26
• Date: Action: Reiterated 01/22/26

The score is driven primarily by solid financial performance (notably strong revenue growth and improved free cash flow), partially offset by weak technical setup (below key longer-term moving averages and negative MACD). Valuation is reasonable on P/E but supported less by income due to a low dividend yield.

Positive Factors

Strong Revenue Growth

A 25.9% revenue increase demonstrates durable top-line momentum and stronger market traction. Sustained revenue growth supports scale benefits, allows reinvestment in capacity or product lines, and underpins longer-term cash generation even if margins need improvement.

Rebound in Free Cash Flow

The swing to positive free cash flow and high operating-CFO to net income ratios indicate strong cash conversion. Durable cash generation reduces refinancing risk, funds capex or working capital internally, and provides flexibility to pay down debt or invest for growth over months ahead.

Manageable Capital Structure

A moderate leverage profile and a 42.2% equity ratio provide balance-sheet resilience. This structural capital mix supports ongoing operations and investment without excessive financial strain, enabling the company to navigate cyclical pressures and finance growth initiatives prudently.

Negative Factors

Very Low Net Margin

A 1.8% net margin is thin, leaving limited buffer against input cost swings, pricing pressure, or adverse volume trends. Over the medium term this constrains retained earnings, reduces financial resilience, and limits the company's ability to fund growth from internally generated profits.

Modest Return on Equity

ROE of 5.4% signals modest effectiveness converting equity into returns. Persistently low ROE can limit investor returns and indicates capital is not being deployed at high enough margins, reducing strategic flexibility for dividends, buybacks, or value-accretive reinvestment.

Wide Gross-to-Net Margin Gap

A large spread between gross (25.9%) and net (1.8%) margins points to elevated operating, administration, or financing costs. Structurally high overhead or cost of non-operating items compresses ultimate profitability and requires sustained cost improvement to materially raise net returns.

Kanpur Plastipack Limited Business Overview & Revenue Model

Company Description

Kanpur Plastipack Limited manufactures and exports flexible intermediate bulk containers (FIBC) worldwide. It also provides HDPE/PP (polypropylene) woven sacks, PP box bags, PP multi firament yarn, and food grade bags; fabrics including laminated and unlaminated, bale wrap, PP courier bags, perforated bags, and duffle tops/bottom; and liner. The company offers filler cord, net baffle, webbings, body bags, and crimp yarn as well as AC, all purpose, bike, cycle, garden, tiffin, and vegetable covers. Kanpur Plastipack Limited was incorporated in 1971 and is based in Kanpur, India.

How the Company Makes Money

Kanpur Plastipack Limited generates revenue through several key streams. The primary source of income is the sale of its packaging products, which are designed to meet the specific needs of different sectors. The company benefits from long-term contracts with major clients in industries such as food and beverage, pharmaceuticals, and consumer goods, ensuring a steady flow of orders. Additionally, KANPRPLA engages in exporting its products to international markets, which contributes significantly to its revenue. The company also invests in research and development to innovate and improve its product offerings, enhancing its competitive edge and enabling premium pricing. Strategic partnerships with suppliers and distributors further expand its market reach and enhance profitability.

Kanpur Plastipack Limited Financial Statement Overview

Summary

Strong revenue growth (+25.9% from 2024 to 2025) and a meaningful free-cash-flow rebound support the score. However, profitability is constrained by a low net margin (1.8%) and modest ROE (5.4%), and leverage is moderate (debt-to-equity 0.70).

Income Statement

Kanpur Plastipack Limited has demonstrated strong revenue growth, with a significant increase of 25.9% from 2024 to 2025. The company maintains healthy gross and net profit margins of 25.9% and 1.8%, respectively. However, the net profit margin is relatively low, indicating potential areas for cost management improvements. EBIT and EBITDA margins are moderate at 5.0% and 7.6%, respectively, which suggests reasonable operational efficiency.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio of 0.70, which is manageable but could benefit from further reduction. The equity ratio stands at 42.2%, indicating a solid capital structure. However, the return on equity is low at 5.4%, suggesting limited profitability in relation to shareholder investment.

Cash Flow

There is a strong recovery in free cash flow, with a notable growth from -526 million to 316 million. The operating cash flow to net income ratio is favorable at 3.35, indicating efficient cash generation relative to net earnings. The free cash flow to net income ratio is also strong at 2.85, reflecting good cash flow management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.88B	6.26B	4.97B	4.74B	6.23B	4.51B
Gross Profit	1.62B	1.65B	1.25B	1.24B	1.12B	1.36B
EBITDA	621.41M	478.62M	311.85M	256.49M	618.27M	624.58M
Net Income	245.94M	111.05M	8.07M	36.07M	261.99M	303.11M
Balance Sheet
Total Assets	4.41B	4.88B	4.76B	4.07B	4.20B	3.76B
Cash, Cash Equivalents and Short-Term Investments	24.53M	91.58M	35.05M	18.69M	6.78M	40.93M
Total Debt	1.28B	1.45B	2.26B	1.66B	1.83B	1.58B
Total Liabilities	2.14B	2.82B	2.96B	2.27B	2.41B	2.19B
Stockholders Equity	2.27B	2.06B	1.80B	1.80B	1.79B	1.57B
Cash Flow
Free Cash Flow	103.30M	316.45M	-526.48M	260.70M	-108.21M	-359.95M
Operating Cash Flow	154.61M	372.54M	-48.53M	685.09M	288.70M	-36.39M
Investing Cash Flow	471.84M	-43.76M	-398.02M	-409.55M	-384.21M	-339.73M
Financing Cash Flow	-694.08M	-271.44M	451.16M	-263.45M	61.03M	413.00M

Kanpur Plastipack Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 176.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KANPRPLA, the sentiment is Negative. The current price of 176.45 is below the 20-day moving average (MA) of 187.25, below the 50-day MA of 182.66, and below the 200-day MA of 202.39, indicating a bearish trend. The MACD of -3.11 indicates Positive momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 63.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KANPRPLA.

Kanpur Plastipack Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPL	63 Neutral	₹1.16B	16.55	―	―	10.14%	73.18%
TAINWALCHM	63 Neutral	₹1.83B	13.34	―	1.64%	―	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KANPRPLA	62 Neutral	₹4.04B	9.74	―	0.52%	23.02%	―
BANARBEADS	60 Neutral	₹727.99M	36.18	―	1.72%	-22.27%	-42.61%
SHRENIK	38 Underperform	₹250.92M	6.72	―	―	-3.26%	―