Knack Packaging Ltd.

•

₹ 203.55-2.69%

2026-08-21

knackpackaging.comBSE: 544814NSE: KNACK

Market Cap₹ 2,447 Cr.

Current Price₹ 209

High / Low₹ 222 / 180

Stock P/E0.0

Book Value₹ 59

Price to Book3.57

Dividend Yield0.00 %

ROCE30.8 %

ROE34.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
Company has a healthy return on capital (ROCE) of 28.9%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
Working capital cycle has improved - days down from 40 to 29
Company comfortably covers its interest (8.6x coverage)

CONS

Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsFMCGPackaging

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	EPL	250.45	20.70	8022.27	0.00	100.60	-0.79	1387.90	25.27	18.08	19.01
2.	AGI	705.60	12.61	4565.05	0.99	99.35	11.82	785.27	14.19	19.16	22.26
3.	UFLEX	621.85	6.58	4490.47	0.48	423.08	629.70	5366.03	39.82	7.04	16.58
4.	TCPLPACK	4087.50	32.21	3719.62	0.61	40.01	79.28	492.97	17.86	17.47	17.43
5.	KNACK	199.95	26.39	2446.69	0.00	305.28	—	2624.59	—	31.77	20.35
6.	MOLDTKPAC	670.00	34.98	2226.34	0.00	17.32	-4.05	177.92	10.48	12.43	17.86
7.	HUHTAMAKI	268.20	23.95	2025.50	0.75	43.73	75.34	750.02	26.71	13.07	10.02
8.	ORICONENT	56.37	30.60	885.28	0.35	15.49	25.84	7.19	-80.51	0.76	-207.77
9.	PYRAMID	161.20	0.00	592.97	0.31	10.45	32.05	222.49	35.82	14.23	9.11

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Jun 2026
	183	2,568
	158	2,172
Operating Profit	—	—
OPM %	—	—
Other Income	1	23
Interest	4	40
Depreciation	7	99
	27	419
Tax %	25.89%	24.83%
Net Profit	20	315
	0	3
Equity Capital	100	1,000
Reserves	0	0
Promoter Pledge %	0.00%	0.00%
Equity Capital	100	1,000
Reserves	0	0
Promoter Pledge %	0.00%	0.00%

Jun 2025

: 183
: 158
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 7
: 27
Tax %: 25.89%
Net Profit: 20
: 0
Equity Capital: 100
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 100
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 2,568
: 2,172
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 40
Depreciation: 99
: 419
Tax %: 24.83%
Net Profit: 315
: 3
Equity Capital: 1,000
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 1,000
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2024	Mar 2025	Mar 2026
	643	727	810
	548	597	664
Operating Profit	100	141	167
OPM %	16	19	21
Other Income	5	11	21
Interest	15	17	16
Depreciation	24	28	29
	61	96	120
Tax %	25	26	26
Net Profit	45	71	89
EPS	90	142	9
Dividend Payout %	0	0	0
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	5	7	9
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	5	7	9

Mar 2024

: 643
: 548
Operating Profit: 100
OPM %: 16
Other Income: 5
Interest: 15
Depreciation: 24
: 61
Tax %: 25
Net Profit: 45
EPS: 90
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2025

: 727
: 597
Operating Profit: 141
OPM %: 19
Other Income: 11
Interest: 17
Depreciation: 28
: 96
Tax %: 26
Net Profit: 71
EPS: 142
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2026

: 810
: 664
Operating Profit: 167
OPM %: 21
Other Income: 21
Interest: 16
Depreciation: 29
: 120
Tax %: 26
Net Profit: 89
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 35%
Last Year:: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-
Equity Capital	5	5	100
	139	210	205
	101	101	134
Trade Payables	41	34	41
	110	118	129
Total Liabilities	395	468	609
ASSETS	-	-	-
	162	161	245
Capital Work in Progress	1	13	0
	0	0	5
	84	91	118
	119	121	134
Cash & Bank	3	10	4
	26	71	103
Total Assets	395	468	609
Total Debt	173	172	192
Net Working Capital	51	80	66
Contingent Liabilities	53	5	31
Book Value per Share	288.02	429.99	30.48
Face Value	10.00	10.00	10.00
Total Debt	173	172	192
Net Working Capital	51	80	66
Contingent Liabilities	53	5	31
Book Value per Share	288.02	429.99	30.48
Face Value	10.00	10.00	10.00

Mar 2024

Equity Capital: 5
: 139
: 101
Trade Payables: 41
: 110
Total Liabilities: 395
: 162
Capital Work in Progress: 1
: 0
: 84
: 119
Cash & Bank: 3
: 26
Total Assets: 395
Total Debt: 173
Net Working Capital: 51
Contingent Liabilities: 53
Book Value per Share: 288.02
Face Value: 10.00
Total Debt: 173
Net Working Capital: 51
Contingent Liabilities: 53
Book Value per Share: 288.02
Face Value: 10.00

Mar 2025

Equity Capital: 5
: 210
: 101
Trade Payables: 34
: 118
Total Liabilities: 468
: 161
Capital Work in Progress: 13
: 0
: 91
: 121
Cash & Bank: 10
: 71
Total Assets: 468
Total Debt: 172
Net Working Capital: 80
Contingent Liabilities: 5
Book Value per Share: 429.99
Face Value: 10.00
Total Debt: 172
Net Working Capital: 80
Contingent Liabilities: 5
Book Value per Share: 429.99
Face Value: 10.00

Mar 2026

Equity Capital: 100
: 205
: 134
Trade Payables: 41
: 129
Total Liabilities: 609
: 245
Capital Work in Progress: 0
: 5
: 118
: 134
Cash & Bank: 4
: 103
Total Assets: 609
Total Debt: 192
Net Working Capital: 66
Contingent Liabilities: 31
Book Value per Share: 30.48
Face Value: 10.00
Total Debt: 192
Net Working Capital: 66
Contingent Liabilities: 31
Book Value per Share: 30.48
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2024	Mar 2025	Mar 2026
	33	93	91
Cash from Investing	-69	-67	-100
Cash from Financing	35	-19	3
	-1	7	-6
Free Cash Flow	33	55	-10
OCF / Net Profit	0.74	1.30	1.01
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.74	1.30	1.01
Cumulative 5-Year FCF	0	0	0

Mar 2024

: 33
Cash from Investing: -69
Cash from Financing: 35
: -1
Free Cash Flow: 33
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.74
Cumulative 5-Year FCF: 0

Mar 2025

: 93
Cash from Investing: -67
Cash from Financing: -19
: 7
Free Cash Flow: 55
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.30
Cumulative 5-Year FCF: 0

Mar 2026

: 91
Cash from Investing: -100
Cash from Financing: 3
: -6
Free Cash Flow: -10
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.01
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-
EPS (₹)	90.19	142.20	8.94
Book Value (₹)	288.02	429.99	30.48
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	6.94	9.92	11.87
PROFITABILITY	-	-	-
Operating Margin %	14.62%	17.77%	17.71%
Net Margin %	6.94%	9.71%	10.88%
ROE %	31.32%	39.61%	34.41%
ROCE %	23.90%	31.95%	30.82%
	11.40%	16.47%	16.61%
EFFICIENCY	-	-	-
Debtor Days	67	60	57
Inventory Days	47	44	47
Payable Days	39	31	29
	76	73	75
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	1.20x	0.80x	0.63x
Interest Coverage (x)	4.96x	6.64x	8.57x
	1.28x	1.43x	1.27x
GROWTH	-	-	-
Revenue Growth %	0.00%	13.06%	11.42%
Operating Profit Growth %	0.00%	40.51%	18.52%
Net Profit Growth %	0.00%	57.66%	25.77%
	0.00%	57.66%	-93.71%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%
	1.75x	1.19x	1.73x

Mar 2024

EPS (₹): 90.19
Book Value (₹): 288.02
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.94
Operating Margin %: 14.62%
Net Margin %: 6.94%
ROE %: 31.32%
ROCE %: 23.90%
: 11.40%
Debtor Days: 67
Inventory Days: 47
Payable Days: 39
: 76
Debt to Equity (x): 1.20x
Interest Coverage (x): 4.96x
: 1.28x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.75x

Mar 2025

EPS (₹): 142.20
Book Value (₹): 429.99
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.92
Operating Margin %: 17.77%
Net Margin %: 9.71%
ROE %: 39.61%
ROCE %: 31.95%
: 16.47%
Debtor Days: 60
Inventory Days: 44
Payable Days: 31
: 73
Debt to Equity (x): 0.80x
Interest Coverage (x): 6.64x
: 1.43x
Revenue Growth %: 13.06%
Operating Profit Growth %: 40.51%
Net Profit Growth %: 57.66%
: 57.66%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.19x

Mar 2026

EPS (₹): 8.94
Book Value (₹): 30.48
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.87
Operating Margin %: 17.71%
Net Margin %: 10.88%
ROE %: 34.41%
ROCE %: 30.82%
: 16.61%
Debtor Days: 57
Inventory Days: 47
Payable Days: 29
: 75
Debt to Equity (x): 0.63x
Interest Coverage (x): 8.57x
: 1.27x
Revenue Growth %: 11.42%
Operating Profit Growth %: 18.52%
Net Profit Growth %: 25.77%
: -93.71%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 1.73x

Shareholding Pattern

Numbers in percentages

TRADES

	Jul 2026
	70.59
	1.21
	8.10
Government	0.00
	20.09

Jul 2026

: 70.59
: 1.21
: 8.10
Government: 0.00
: 20.09

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Knack Packaging Limited has informed the Exchange about Transcript
Copy of Newspaper Publication
2026-08-11 - Knack Packaging Limited has informed the Exchange about Copy of Newspaper Publication

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC