On 6 Nov 2026, Clara Industries was priced at ₹31.50, or 50.8× trailing earnings, against an industry P/E of 18.1×, and the shares are 29% below their 52-week high. Sales grew 7.1% a year over 3 years while net profit fell 23%; its ROCE of 4.1% is the second-lowest among the 7 largest Packaging & Containers peers. It carries very little debt. It is listed on an SME platform with a market cap of ₹81 Cr, ranked 46th of 83 Packaging & Containers companies by market cap; the shares fell 25% over the past year.
- ₹31.50
- ₹31.50
- ₹31.50
- ₹30.00
- 4.2K
Health check
- ReturnsBehind
−25.0% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 50.8 vs industry 18.1.
- GrowthSlow
Sales +7.1%, profit −23.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.1% vs peer median 16.7%.
- Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
- Red flags3 to check
Return on equity is low at 3.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹81 Cr
- Small cap
- P/E
- 50.8
- Industry 18.1
- Price to book
- 1.33
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 3.5%
- Peers 14.4%
- ROCE
- 4.1%
- Peers 16.7%
- Debt to equity
- 0.02
- Debt ₹1.05 Cr
- EPS (TTM)
- ₹0.62
- OPM (TTM)
- 9.4%
- Net margin 10.9%
- Sales growth
- +122.4%
- Latest quarter vs a year ago
- Profit growth
- −13.5%
- Latest quarter vs a year ago
- Price to sales
- 4.98
- EV/EBITDA 25.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 122.4% on a year ago.
Risks to check
- Return on equity is low at 3.5%.
- Quarterly profit down 13.5% on a year ago.
- P/E of 50.8 against an industry P/E of 18.1.
About Clara Industries
Clara Industries Limited manufactures and sells low and high-density polyethylene and polypropylene products, biaxially oriented polypropylene products, adhesive tapes, and related products in India. The company provides plastic bags, industrial packaging self-adhesive tapes, printing and plain multi layered flexible packaging products, pp plastic mats, and twines and ropes. It also offers flexible packaging products, packaging film, and horticulture…
- Headquarters
- Saharanpur
- Sector
- Consumer Cyclical
- ISIN
- INE0JJS01014
- Website
- clara.co.in
Price range
- Avg volume (3M)
- 4.3K
- 1-year return
- minus 25.0%
- From 52-week high
- minus 29.1%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| CLARAClara Industries | 31.50 | plus 5.00% | 81 | 50.8 | 1.33 | 4.1% | 3.5% | 9.4% | 7.1% | −23.0% | 0.00% | minus 25.0% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 |
|---|---|---|---|
| 1.8 | 2.8 | 4 | |
| 1.3 | 2.2 | 3.5 | |
| 0.5 | 0.5 | 0.6 | |
| 29.4% | 19.9% | 14.0% | |
| 0 | 0.1 | 0 | |
| 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.2 | |
| 0.4 | 0.5 | 0.3 | |
| 25.3% | 25.1% | 31.0% | |
| 0.3 | 0.4 | 0.2 | |
| 0.13 | – | 0.08 |
Profit & loss
- Sales CAGR 3Y
- +7.1%
- Profit CAGR 3Y
- −23.0%
- EPS CAGR 3Y
- −38.4%
- ROE
- 3.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.4 | 12.7 | 10.8 | 14 | |
| – | +11.4% | minus 15.0% | +29.9% | |
| 5.8 | 6 | 7.8 | 11.2 | |
| 5.6 | 6.6 | 3 | 2.8 | |
| 49.2% | 52.4% | 27.9% | 20.2% | |
| 0 | −0.1 | 0.2 | 0.3 | |
| 0.1 | 0.1 | 0.2 | 0.1 | |
| 0.1 | 0.4 | 0.3 | 0.6 | |
| −0.1 | −0.1 | – | – | |
| 5.4 | 6 | 2.8 | 2.4 | |
| 26.7% | 30.1% | 33.2% | 25.2% | |
| 3.9 | 4.2 | 1.9 | 1.8 | |
| – | +6.4% | minus 55.0% | minus 4.8% | |
| 2.86 | 2.07 | 0.91 | 0.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.5 | 4.1 | 20.7 | 25.7 | |
| 6.9 | 37 | 22.2 | 35 | |
| 4.1 | 1.6 | 1.1 | 1 | |
| 2.3 | 3 | 1.1 | 1.1 | |
| 15.7 | 45.8 | 45 | 62.8 | |
| 2.1 | 6.9 | 11.3 | 20.7 | |
| – | – | 4.1 | 12 | |
| 1.2 | 2.3 | 1 | 0.7 | |
| 12.4 | 36.6 | 28.6 | 29.4 | |
| 15.7 | 45.8 | 45 | 62.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.5 | −18.8 | 4.3 | −6.2 | |
| −0 | −5.1 | −4.7 | −10 | |
| 3.3 | 25 | −0.9 | 15.9 | |
| 0.7 | 1.1 | −1.3 | −0.3 | |
| −0 | −5.1 | −0.6 | −2.1 | |
| −2.6 | −23.9 | 3.7 | −8.3 | |
| – | – | −0.2 | – |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 9.7% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.