XPROINDIAIndustrials

Xpro India Limited

Packaging · ISIN INE445C01015 · BSE 590013 · NSE EQ · FV ₹10
Last price
₹1,236
-1.56%today
What this company does

Xpro India Limited operates in Packaging, part of the Industrials sector. It booked ₹174 cr of revenue in its latest quarter (Q1 FY27) and kept 4.6% of sales as profit. It is the 7th largest of 9 Packaging companies we track, by market value.

In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation19

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 20% vs last year
Promoters hold 40%
No promoter shares pledged
Watch-outs
! Thin 4.6% net margin
! Low 4.2% return on equity
! Operating cash flow is negative

What if I invest in XPROINDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,236 -1.56%
latest close · 2026-09-17
1-year return
+456.1%
52-wk low ₹21152-wk high ₹1,520
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio91.4High
LowAverageHigh
P/B ratio3.82High
Below bookModerateHigh
EV / EBITDA39.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.2%Weak
WeakFairStrong ▸15%
Return on capital5.4%Weak
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin11.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.36Comfortable
LowModerateHigh ▸1
Interest cover4.6×Okay
RiskyOkayStrong ▸5×
Current ratio4.12Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,901 cr
Book value
₹324
EPS
₹3.38
latest quarter
Net debt
₹193 cr
owes more than its cash
Enterprise value
₹3,094 cr
EBITDA
₹79 cr
annualised
EBIT
₹59 cr
annualised
Operating margin
8.5%
Return on assets
2.6%
Earnings yield
1.09%
P/S
4.16
Sales / share
₹297.3
Tax rate
34.0%
Face value
₹10
Shares
2.3 cr
Working capital
₹364 cr
Current assets
₹480 cr
Current liabilities
₹117 cr
Delivery %
52.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹125₹356, midpoint ₹239

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹174 cr
Other Income₹4 cr
Total Income₹178 cr
Cost of Materials₹133 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-8 cr
Employee Benefit Expense₹10 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹23 cr
Total Expenses₹167 cr
Profit before Tax₹12 cr
Tax Expense₹4 cr
Net Profit₹8 cr
Net margin on total income4.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹126 cr70.4%
Employee benefit expense₹10 cr5.5%
Finance costs₹3 cr1.8%
Depreciation & amortisation₹5 cr2.9%
Other expenses₹23 cr12.9%
Tax expense₹4 cr2.2%
Profit for the period₹8 cr4.3%
Total income ₹178 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue106 cr134 cr174 cr
Total income110 cr141 cr178 cr
Expenses101 cr123 cr167 cr
Profit before tax10 cr18 cr12 cr
Tax3 cr4 cr4 cr
Net profit (owners' share)7 cr13 cr8 cr
Net margin (owners' share, on revenue)6.4%9.7%4.6%
EPS (₹)2.915.643.38
YoY (latest quarter): total income +20.3% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,218 cr
Shareholder equity
₹760 cr
parent shareholders
Total debt
₹289 cr
Cash
₹96 cr
Cash flow · H1 FY26
Operating
₹-2 cr
Investing
₹-141 cr
Financing
₹81 cr
Peer comparison
Packaging · by market value
CompanyPriceMarket capP/E
EPL Limited₹231₹7,416 cr18.8
AGI Greenpac Limited₹734₹4,747 cr11.9
UFLEX Limited₹653₹4,715 cr2.8
TCPL Packaging Limited₹3,863₹3,516 cr22.0
Polyplex Corporation Limited₹1,085₹3,406 cr9.4
Jindal Poly Films Limited₹726₹3,179 cr9.1
Xpro India Limitedthis company₹1,236₹2,901 cr91.4
COSMO FIRST LIMITED₹880₹2,310 cr10.6
Mold-Tek Packaging Limited₹662₹2,069 cr29.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.16%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 13 Jul 2026
ActionDetailEx-date
Dividend₹2 / share13 Jul 2026
Dividend₹2 / share18 Jul 2025
Dividend₹2 / share22 Jul 2024
Dividend₹2 / share3 Aug 2023
Bonus issue2:11 Jul 2022
Dividend₹2 / share16 Jun 2022
Who owns it · 2026-06-30
No pledge
Promoter
40.3%
FII / Foreign
13.8%
DII / Domestic
2.9%
Retail / others
42.9%
Promoter stake down 2.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldCentral India General Agents Limited · Promoter Group22,500 · ₹2.6 cr5 Aug 26
SoldBirla Eastern Limited · Promoter Group10,750 · ₹1.3 cr5 Aug 26
SoldBirla Holdings Limited · Promoter Group2,001 · ₹23.8 L5 Aug 26
Bulk / block deals
SoldANIL JAIN · NSE70,461 @ ₹901.973 Dec 21
BoughtPAREKH HASMUKH · NSE80,000 @ ₹73.2527 Dec 17
SoldPAREKH HASMUKH · NSE30,000 @ ₹7927 Dec 17
Stake changes
BoughtiPro Capital Limited→ 18.98% · 45,0015 Aug 26
BoughtMalabar India Fund Limited→ 21.10% · 24.60 L9 Jul 23
BothJanardhan Trading Co. Limited · promoter→ 0.00% · 66,00014 Mar 23
Promoter pledges
ReleasedState Bank of India2.50 L · 1.13% held26 Mar 24
ReleasedState Bank of India10.80 L · 4.90% held26 Mar 24
PledgedState bank of India7.20 L · 0.00% held27 Jun 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Jul 2025
See the official result
1
Adoption of the Directors Report and the audited financial statements of the Company for the financial year ended March 31, 2025 and the Auditors report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
54.17 L votes for, 166 against · 0% of mutual funds and other big investors said no
2
Declaration of dividend of INR 2.00 per ordinary share of the face value of INR 10 each of the Company for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
54.17 L votes for, 16 against · 0% of mutual funds and other big investors said no
3
Appointment of Director in place of Sri Bharat Jhaver (DIN: 00379111), who retires by rotation and being eligible offers himself for reappointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
54.17 L votes for, 166 against · 0% of mutual funds and other big investors said no
4
Ratification of Remuneration payable to M/s Sanghavi Randeria & Associates, Cost Accountants, appointed by the Board for the Financial Year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
54.17 L votes for, 166 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 40.3% between them · as of 2026-06-30
Ipro Capital Limited18.79%
Intellipro Finance Pvt Ltd14.73%
Central India General Agents Ltd3.75%
Birla Holdings Limited1.07%
Sidharth Kumar Birla0.65%
Madhushree Birla0.64%
Janardhan Trading Company Limited0.55%
Birla Eastern Ltd0.12%
Business done with them
FY2026 · 7 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.4% of its ₹505 cr revenue.
IPro Capital Limited
Other payments to them · Description is mentioned along with its line items.
also owns 18.79% of the company
₹89 L
company paid
Intellipro Finance Pvt. Ltd.
Other payments to them · Description is mentioned along with its line items.
also owns 14.73% of the company
₹69.9 L
company paid
Central India General Agents Ltd.
Other payments to them · Description is mentioned along with its line items.
also owns 3.75% of the company
₹17.6 L
company paid
Smt Madhushree Birla
Other payments to them · Description is mentioned along with its line items.
also owns 0.64% of the company
₹7.4 L
company paid
Birla Holdings Limited
Other payments to them · Description is mentioned along with its line items.
also owns 1.07% of the company
₹5 L
company paid
Smt Sumangala Birla
Other payments to them · Description is mentioned along with its line items.
also owns 0.01% of the company
₹0.05 L
company paid
Sri Sudarshan Kumar Birla
Other payments to them · Description is mentioned along with its line items.
₹0.02 L
company paid

The company also transacted with 25 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹140 cr raised in Jan 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 48% of what it set aside, leaving ₹73 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Capital expenditure for expansion of capacity by adding new manufacturing lines for Dielectric and other technical grades of biaxially oriented polypropylene film, at the existing location in Barjora, West Bengal and in UAE directly or through subsidiary, including upgradation of the existing facilities
60%
₹60 cr of ₹100 cr
Working Capital of the Company and its subsidiaries
34%
₹3 cr of ₹10 cr
For other general corporate purposes and purposes permitted by applicable laws
9%
₹3 cr of ₹30 cr
Spent by quarter: 2%11%11%53%48% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures
₹150 cr raised in Feb 2024 by selling shares to large investors

As of Mar 2026, the company says it has spent 99% of what it set aside, leaving ₹1 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Part funding the capital expenditure requirements of our Company for purchase of new equipment and machinery at our manufacturing facility at Barjora, West Bengal
100%
₹28 cr of ₹28 cr
Pre-payment, in part of certain outstanding borrowings availed by our Company
100%
₹10 cr of ₹10 cr
Funding working capital requirements of our Company
100%
₹66 cr of ₹66 cr
Funding expenditure requirements for implementation of enterprise resource planning software system
93%
₹3 cr of ₹4 cr
General Corporate Purposes
originally ₹35 cr
budget changed
100%
₹37 cr of ₹37 cr
QIP related Issue Expenses
83%
₹6 cr of ₹7 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.