As of 6 Nov 2026, Knack Packaging trades at 21.6× trailing earnings, above the industry P/E of 18.1×, and the shares are 10% below their 52-week high. It earns ROCE of 38% and ROE of 35%, and sales and net profit grew 17% and 67% a year over 3 years. Debt is 0.28× equity. It is a small-cap company with a market cap of ₹2,444 Cr, ranked 7th of 83 Packaging & Containers companies by market cap; the shares rose 9.1% over the past year.
- ₹195.00
- ₹200.50
- ₹193.53
- ₹196.91
- 4.2 L
Health check
- ReturnsIn line
+9.1% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 21.6 vs industry 18.1.
- GrowthStrong
Sales +16.6%, profit +67.1% a year over 3 years.
- ProfitabilityStrong
ROCE 38.3% vs peer median 16.0%.
- Balance sheetFair
Debt 0.28× equity, interest covered 9.7×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,444 Cr
- Small cap
- P/E
- 21.6
- Industry 18.1
- Price to book
- 3.34
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 35.5%
- Peers 13.4%
- ROCE
- 38.3%
- Peers 16.0%
- Debt to equity
- 0.28
- Debt ₹205 Cr
- EPS (TTM)
- ₹9.23
- Face value ₹10
- OPM (TTM)
- 17.8%
- Net margin 10.7%
- Sales growth
- +52.5%
- Latest quarter vs a year ago
- Profit growth
- +21.2%
- Latest quarter vs a year ago
- Price to sales
- 2.44
- EV/EBITDA 12.9
Strengths and risks
Strengths
- Return on equity of 35.5%.
- Return on capital employed of 38.3%.
- Quarterly profit up 21.2% on a year ago.
- Quarterly sales up 52.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Knack Packaging
Knack Packaging Limited operates as a packaging solutions provider. The company manufactures Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags. The company's products include High-Density Polyethylene (HDPE) /Polypropylene (PP) Tapes, HDPE/PP Woven Fabrics, HDPE/PP Woven Bags, Biaxially Oriented Polypropylene (BOPP) Laminated PP Woven Bags, BOPP Laminated PP Woven Pinch Bottom Bags, BOPP Laminated PP Block Bottom Bags,…
- Headquarters
- Ahmedabad
- Sector
- Consumer Cyclical
- ISIN
- INE17QZ01016
- Website
- knackpackaging.com
Price range
- Avg volume (3M)
- 10.4 L
- 1-year return
- plus 9.1%
- From 52-week high
- minus 10.0%
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% |
| MOLDTKPACMold-Tek Packaging | 340.15 | minus 0.54% | 2,261 | 27.7 | 3.06 | – | 11.6% | 12.0% | – | – | 0.88% | minus 2.3% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.0% | 13.4% | 12.8% | 6.4% | 10.4% | 0.86% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|
| 186 | 193 | 262 | 295 | |
| – | – | +41.1% | +52.5% | |
| 148 | 161 | 206 | 255 | |
| 37.5 | 32 | 56.9 | 40.1 | |
| 20.2% | 16.6% | 21.7% | 13.6% | |
| 1.1 | 6.1 | −1.1 | 7.1 | |
| 3.9 | 3.1 | 4 | 3.9 | |
| 6.9 | 7.2 | 9.9 | 10.2 | |
| 27.8 | 27.9 | 41.8 | 33.1 | |
| 25.9% | 26.0% | 27.0% | 24.3% | |
| 20.6 | 20.6 | 30.5 | 25 | |
| – | – | +47.9% | +21.2% | |
| 1.69 | 1.69 | 2.49 | 2.07 |
Profit & loss
- Sales CAGR 3Y
- +16.6%
- Profit CAGR 3Y
- +67.1%
- EPS CAGR 3Y
- +67.1%
- ROE
- 35.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 515 | 651 | 728 | 816 | |
| – | +26.4% | +11.9% | +12.0% | |
| 459 | 553 | 593 | 664 | |
| 55.8 | 97.4 | 136 | 152 | |
| 10.8% | 15.0% | 18.6% | 18.6% | |
| −2 | 3.5 | 6.1 | 17.8 | |
| 9.3 | 14.4 | 16 | 14.4 | |
| 18.1 | 24.3 | 28.2 | 29.3 | |
| −0.1 | −0.5 | 1.6 | −1 | |
| 26.3 | 61.8 | 99.2 | 125 | |
| 24.4% | 25.5% | 25.6% | 25.9% | |
| 19.9 | 46 | 73.8 | 92.7 | |
| – | +131.4% | +60.5% | +25.6% | |
| 1.62 | 3.76 | 6.03 | 7.58 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 5 | 5 | 100 | |
| 90.3 | 136 | 210 | 208 | |
| 135 | 190 | 188 | 206 | |
| 39 | 49.1 | 46.5 | 81.1 | |
| 269 | 379 | 449 | 595 | |
| 120 | 165 | 196 | 266 | |
| 13.2 | 3.3 | 35.3 | 21 | |
| – | – | 0.1 | 0.1 | |
| 4.7 | 3 | 11.4 | 6.1 | |
| 131 | 208 | 207 | 302 | |
| 269 | 379 | 449 | 595 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 41.1 | 32.4 | 94.1 | 92 | |
| −47.8 | −68.6 | −66.5 | −100 | |
| 6.8 | 34.4 | −19.2 | 2.9 | |
| 0.1 | −1.7 | 8.4 | −5.2 | |
| −51 | −69.6 | −57.9 | −103 | |
| −9.9 | −37.1 | 36.2 | −10.7 |
Shareholding pattern
- Promoters70.59%
- Public29.41%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.59% | 29.41% | 0.00 | |
| 7 Jul 2026 | 70.59% | 29.41% | – |
Major shareholders
Filings & events
News
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