Kanpur Plastipack Limited (KANPRPLA) AI Stock Analysis

• Market Cap: ₹4.31B
• Dividend Yield: 0.52%
• Average Volume (3M): 3.17K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.36
• 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: ₹169.00 ▼(-4.22% Downside)
• 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

Revenue Growth

Consistent high revenue growth of ~26% indicates durable demand and successful market execution. Over a 2-6 month horizon this supports scale benefits, higher absolute cash flow potential and room to invest in productivity or market expansion, improving long-term earnings capacity.

Free Cash Flow Recovery

A meaningful swing to positive free cash flow and strong FCF-to-net-income ratios show the business converts sales into cash reliably. Durable cash generation reduces refinancing and liquidity risk, enables capex or debt paydown and supports shareholder returns over coming quarters.

Capital Structure

A solid equity base and moderate leverage provide financial flexibility. This capital structure allows the company to fund growth or withstand cyclical swings without immediate refinancing pressure, supporting sustainable investment and strategic optionality over the medium term.

Negative Factors

Low Net Margin

A slim net margin under 2% limits how much revenue growth translates into retained profits. This reduces buffer against input-cost inflation, increases sensitivity to pricing pressure, and constrains the firm's ability to build sustainable internal equity or fund distributions from earnings.

Modest Return on Equity

ROE around 5% signals limited efficiency in converting equity into profits. Even with robust top-line growth, low returns make it harder to justify reinvestment without operational improvements and may disappoint investors seeking higher long-term capital returns.

Moderate Leverage

While not extreme, a D/E near 0.7 creates fixed servicing obligations that reduce flexibility. Over 2-6 months this can limit ability to accelerate capex or acquisitions and requires prioritizing debt reduction versus shareholder returns if cash flow weakens.

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

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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: Positive
• Last Price: 176.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 176.45 is below the 20-day moving average (MA) of 178.15, below the 50-day MA of 181.92, and below the 200-day MA of 200.62, indicating a neutral trend. The MACD of -3.56 indicates Negative momentum. The RSI at 49.92 is Neutral, neither overbought nor oversold. The STOCH value of 71.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	₹1.13B	16.55	―	―	10.14%	73.18%
TAINWALCHM	63 Neutral	₹1.67B	13.34	―	1.64%	―	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KANPRPLA	62 Neutral	₹4.31B	9.74	―	0.52%	23.02%	―
BANARBEADS	60 Neutral	₹743.26M	36.18	―	1.72%	-22.27%	-42.61%
SHRENIK	38 Underperform	₹244.80M	6.72	―	―	-3.26%	―

Kanpur Plastipack Limited Corporate Events

Kanpur Plastipack to Showcase Growth Story at Arihant Capital Investor Conference

Kanpur Plastipack Limited has announced that its management will participate in the Bharat Connect: Rising Stars March 2026 investor conference organized by Arihant Capital. The virtual event is scheduled for March 11, 2026, and is expected to provide the company with an opportunity to engage with investors and enhance its visibility in the capital markets.

By joining this investor forum, the company is likely aiming to communicate its business strategy, operational performance and growth outlook to a broader base of market participants. Such outreach can support improved market understanding of its packaging business, potentially influencing investor sentiment and strengthening its positioning among small and mid-cap industrial exporters.

The conference participation also underscores the firm’s ongoing compliance with disclosure norms under Indian securities regulations, as it formally notified the stock exchanges of the event. This transparency may reassure stakeholders about the company’s governance practices and its commitment to maintaining regular engagement with the financial community.