EPL Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
- Company has a healthy return on capital (ROCE) of 20.6%
- Company comfortably covers its interest (9.7x coverage)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (73.8% of PBT)
- Promoter holding has decreased over last 2 years: -25.1pp
- Receivables are growing faster than sales - a possible quality concern
- Total debt has risen sharply - up 81.3% year on year
- Effective tax rate is unusually low at -2.5% - earnings may be flattered
- Operating margins have contracted to 18.2% from 27.4%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| EPL | 245.65 | 20.31 | 7868.52 | 1.02 | 100.60 | -0.79 | 1387.90 | 25.27 | 18.06 | 19.01 |
| AGI | 773.05 | 13.81 | 5001.43 | 0.91 | 99.35 | 11.82 | 785.27 | 14.19 | 17.97 | 22.26 |
| UFLEX | 673.85 | 7.13 | 4865.97 | 0.45 | 423.08 | 629.70 | 5366.03 | 39.82 | 7.04 | 16.58 |
| TCPLPACK | 3859.70 | 30.41 | 3512.33 | 0.65 | 40.01 | 79.28 | 492.97 | 17.86 | 17.47 | 17.43 |
| KNACK | 186.95 | 24.67 | 2287.62 | 0.00 | 305.28 | — | 2624.59 | — | 31.77 | 20.35 |
| MOLDTKPAC | 685.55 | 35.79 | 2278.01 | 0.73 | 17.32 | -4.05 | 177.92 | 10.48 | 13.44 | 17.86 |
| HUHTAMAKI | 262.60 | 23.45 | 1983.21 | 0.76 | 43.73 | 75.34 | 750.02 | 26.71 | 13.07 | 10.02 |
| ORICONENT | 52.00 | 28.23 | 816.65 | 0.38 | 15.49 | 25.84 | 7.19 | -80.51 | 2.83 | -207.77 |
| PYRAMID | 154.60 | 18.14 | 568.69 | 0.32 | 10.45 | 32.05 | 222.49 | 35.82 | 12.31 | 9.11 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 304 | 340 | 322 | 314 | 330 | 358 | 319 | 317 | 334 | 349 | 347 | 353 | 400 | |
| 244 | 273 | 258 | 259 | 271 | 294 | 264 | 258 | 272 | 283 | 282 | 293 | 371 | |
| Operating Profit | 60 | 68 | 64 | 56 | 59 | 64 | 54 | 59 | 62 | 66 | 64 | 60 | 29 |
| OPM % | 19.60% | 19.94% | 19.86% | 17.69% | 17.93% | 17.84% | 17.08% | 18.69% | 18.62% | 18.85% | 18.54% | 16.94% | 7.24% |
| 2 | 19 | 14 | 44 | 20 | 47 | 30 | 29 | 8 | 79 | 90 | 14 | 1 | |
| Interest | 5 | 5 | 6 | 6 | 5 | 6 | 7 | 6 | 6 | 7 | 10 | 10 | 10 |
| Depreciation | 31 | 30 | 30 | 28 | 27 | 27 | 28 | 28 | 29 | 30 | 30 | 33 | 33 |
| Profit before Tax | 26 | 52 | 42 | 65 | 47 | 78 | 49 | 54 | 34 | 108 | 115 | 31 | 30 |
| Tax % | -7.45% | 20.16% | -18.57% | 11.20% | 17.70% | 18.17% | 10.55% | -17.53% | 8.14% | 12.63% | -10.01% | -39.87% | 25.68% |
| Net Profit | 27 | 41 | 50 | 58 | 39 | 64 | 44 | 64 | 32 | 94 | 126 | 43 | 22 |
| 0.86 | 1.30 | 1.57 | 1.82 | 1.21 | 2.00 | 1.38 | 1.99 | 0.99 | 2.95 | 3.95 | 1.33 | 0.69 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 795 | 830 | 846 | 804 | 841 | 1,085 | 1,209 | 1,280 | 1,323 | 1,383 | 1,449 | |
| 637 | 640 | 668 | 631 | 677 | 897 | 1,000 | 1,034 | 1,086 | 1,131 | 1,230 | |
| Operating Profit | 158 | 190 | 178 | 173 | 164 | 188 | 209 | 247 | 237 | 252 | 219 |
| OPM % | 19.87% | 22.86% | 21.02% | 21.50% | 19.54% | 17.37% | 17.30% | 19.29% | 17.88% | 18.23% | 15.10% |
| 20 | 22 | 17 | 70 | 114 | 123 | 122 | 79 | 125 | 191 | 184 | |
| Interest | 23 | 21 | 23 | 20 | 15 | 16 | 22 | 22 | 24 | 33 | 37 |
| Depreciation | 60 | 69 | 75 | 97 | 90 | 99 | 109 | 120 | 110 | 122 | 126 |
| Profit before Tax | 94 | 122 | 97 | 125 | 174 | 197 | 200 | 184 | 228 | 288 | 283 |
| Tax % | 30.93% | 33.28% | 34.22% | 15.56% | 12.17% | 10.55% | -2.85% | 4.34% | 7.94% | -2.54% | -0.88% |
| Net Profit | 65 | 81 | 64 | 106 | 153 | 176 | 206 | 176 | 210 | 295 | 285 |
| EPS | 4.13 | 2.58 | 2.03 | 3.35 | 4.84 | 5.53 | 6.47 | 5.54 | 6.57 | 9.20 | — |
| Dividend Payout % | 57.93% | 46.49% | 61.53% | 98.41% | 84.55% | 77.03% | 66.41% | 80.39% | 76.11% | 27.17% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 10%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 14%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- 0%
- 3 Years:
- 6%
- 1 Year:
- 5%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 23%
- 3 Years:
- 23%
- Last Year:
- 27%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 63 | 63 | 63 | 63 | 64 | 64 | 64 | 64 |
| 583 | 620 | 613 | 633 | 657 | 734 | 803 | 847 | 935 | 1,091 | |
| 172 | 131 | 177 | 182 | 175 | 199 | 143 | 166 | 188 | 444 | |
| Trade Payables | 47 | 54 | 49 | 76 | 100 | 116 | 132 | 155 | 152 | 173 |
| 124 | 153 | 104 | 568 | 552 | 644 | 685 | 708 | 794 | 830 | |
| Total Liabilities | 957 | 990 | 1,006 | 1,522 | 1,546 | 1,756 | 1,828 | 1,940 | 2,133 | 2,602 |
| 356 | 344 | 411 | 412 | 356 | 502 | 638 | 619 | 669 | 806 | |
| Capital Work in Progress | 15 | 17 | 20 | 16 | 2 | 83 | 8 | 18 | 24 | 26 |
| 221 | 219 | 218 | 210 | 358 | 191 | 225 | 212 | 297 | 462 | |
| 67 | 83 | 83 | 83 | 89 | 126 | 124 | 151 | 146 | 193 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 262 | 231 | 326 | |
| Cash & Bank | 1 | 8 | 4 | 125 | 21 | 18 | 25 | 31 | 38 | 26 |
| 297 | 319 | 270 | 677 | 720 | 836 | 809 | 649 | 728 | 764 | |
| Total Assets | 957 | 990 | 1,006 | 1,522 | 1,546 | 1,756 | 1,828 | 1,940 | 2,133 | 2,602 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 147 | 161 | 139 | 178 | 181 | 120 | 244 | 208 | 265 | 124 | |
| Cash from Investing | -62 | -52 | -39 | 17 | 2 | 1 | -15 | -47 | -135 | -132 |
| Cash from Financing | -67 | -59 | -62 | -101 | -212 | -102 | -225 | -155 | -123 | -4 |
| -2 | 7 | -4 | 62 | -48 | -9 | 7 | 6 | 7 | -12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - EPL Limited has informed the Exchange about Credit Rating
2026-08-28 - EPL Limited has informed the Exchange about Transcript
2026-08-26 - EPL Limited has informed the Exchange about Copy of Newspaper Publication informing the shareholders regarding 43rd AGM of the Company and that the Notice, E-voting and related matters, has been sent to all shareholders whose email IDs were registered with the Company/RTA/DP, is enclosed herewith
2026-08-25 - Dispatch of communication to the Shareholders - weblink and QR code of Integrated Annual Report for the FY 2025-26 including Notice of 43rd AGM.
2026-08-25 - Notice of 43rd AGM scheduled to be held on Wednesday, September 16, 2026 at 11:00 a.m. (IST) through Video Conferencing, is enclosed herewith.
2026-08-22 - EPL Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-22 - EPL Limited has informed the Exchange regarding 'Date of 43rd AGM of the Company '.
2026-08-12 - EPL Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-11 - EPL Limited has informed the Exchange about Link of Recording
News
Recent coverage and analyst commentary for EPL
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EPL Ltd.
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