Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 10.70 | 9.97 | 12.17 | 12.53 | 14.16 | 14.23 | 14.93 | 15.45 |
| Operating costs | 10.03 | 8.57 | 10.98 | 11.44 | 12.94 | 12.83 | 13.49 | 13.90 |
| EBITDA | 0.67 | 1.40 | 1.19 | 1.09 | 1.22 | 1.40 | 1.44 | 1.55 |
| EBITDA margin % | 6.26% | 14.04% | 9.78% | 8.70% | 8.62% | 9.84% | 9.65% | 10.03% |
| Depreciation & amortisation | 0.11 | 0.12 | 0.15 | 0.20 | 0.21 | 0.28 | 0.31 | 0.32 |
| Finance costs | 0.23 | 0.34 | 0.32 | 0.33 | 0.35 | 0.41 | 0.43 | 0.47 |
| Non-operating income | 0.00 | 0.01 | 0.02 | 0.04 | 0.06 | 0.07 | 0.06 | 0.04 |
| Pre-tax profit | 0.33 | 0.95 | 0.74 | 0.60 | 0.72 | 0.78 | 0.76 | 0.80 |
| Effective tax rate % | 21.21% | 21.05% | 25.68% | 26.67% | 26.39% | 25.64% | 25.00% | 25.00% |
| Profit after tax | 0.26 | 0.74 | 0.55 | 0.45 | 0.54 | 0.58 | 0.57 | 0.60 |
| Earnings per share (Rs) | 1.30 | 1.85 | 0.50 | 0.41 | 0.50 | 0.53 | 0.52 | 0.55 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 13.57 | 12.12 | 15.88 | 20.29 | 24.38 | 27.39 | 29.46 |
| Operating costs | 12.93 | 11.35 | 14.96 | 18.23 | 22.01 | 24.70 | 26.39 |
| EBITDA | 0.64 | 0.77 | 0.92 | 2.06 | 2.37 | 2.69 | 3.07 |
| EBITDA margin % | 4.72% | 6.35% | 5.79% | 10.15% | 9.72% | 9.82% | 10.42% |
| Depreciation & amortisation | 0.07 | 0.21 | 0.20 | 0.23 | 0.35 | 0.49 | 0.63 |
| Finance costs | 0.44 | 0.50 | 0.51 | 0.57 | 0.73 | 0.85 | 0.98 |
| Non-operating income | 0.01 | 0.01 | 0.03 | 0.01 | 0.06 | 0.15 | 0.10 |
| Pre-tax profit | 0.14 | 0.07 | 0.24 | 1.27 | 1.35 | 1.50 | 1.56 |
| Effective tax rate % | 85.71% | 85.71% | 20.83% | 21.26% | 25.93% | 25.33% | 25.00% |
| Profit after tax | 0.01 | 0.02 | 0.20 | 1.00 | 1.00 | 1.12 | 1.17 |
| Earnings per share (Rs) | 0.05 | 0.10 | 1.00 | 2.50 | 0.92 | 1.03 | 1.07 |
| Paid out as dividend % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 19% | 13% | 8% | ||
| Profit CAGR | % | 126% | 5% | 4% | ||
| Share price CAGR | % | % | -29% | -22% | ||
| Average return on equity | % | 17% | 13% | 11% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 4.15 | 3.98 | 3.79 | 4.81 | 6.58 | 8.56 | 10.07 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.14 | 0.14 | 0.15 | 0.32 | 0.33 | 0.36 | 0.37 |
| Current & other assets | 6.18 | 4.86 | 5.81 | 9.82 | 12.75 | 12.23 | 14.79 |
| Total assets | 10.47 | 8.98 | 9.75 | 14.95 | 19.66 | 21.15 | 25.23 |
| Share capital | 0.50 | 0.50 | 0.50 | 1.00 | 2.72 | 2.72 | 2.72 |
| Reserves & surplus | -0.02 | 0.00 | 0.20 | 1.19 | 6.01 | 7.14 | 8.31 |
| Total debt | 4.91 | 4.42 | 6.16 | 7.74 | 6.35 | 7.97 | 6.62 |
| Other liabilities & provisions | 5.08 | 4.06 | 2.89 | 5.02 | 4.58 | 3.32 | 7.58 |
| Equity + liabilities | 10.47 | 8.98 | 9.75 | 14.95 | 19.66 | 21.15 | 25.23 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -0.39 | 0.94 | -1.25 | 0.53 | -0.91 | 1.37 | 4.26 |
| Investing cash flow | -1.04 | -0.13 | -0.02 | -1.40 | -2.14 | -2.49 | -2.15 |
| Free cash flow (after capex) | -1.30 | 0.90 | -1.26 | -0.71 | -3.03 | -1.10 | 2.12 |
| Financing cash flow | 1.51 | -0.99 | 1.25 | 0.87 | 3.36 | 0.82 | -2.14 |
| Net change in cash | 0.08 | -0.18 | -0.01 | 0.00 | 0.31 | -0.30 | -0.03 |
| Cash conversion (OCF / EBITDA) % | -58% | 122% | -136% | 26% | -31% | 65% | 151% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Return on capital employed % | 11.06% | 12.73% | 22.28% | 16.63% | 14.28% | 14.32% | |
| Receivable days | 93.87 | 70.77 | 68.27 | 60.08 | 92.52 | 81.96 | 93.67 |
| Inventory days | 75.14 | 89.59 | 75.75 | 137.13 | 110.45 | 96.13 | 110.53 |
| Payable days | 157.40 | 141.94 | 74.89 | 102.74 | 71.39 | 44.67 | 110.70 |
| Cash cycle (days) | 11.61 | 18.42 | 69.13 | 94.48 | 131.58 | 133.42 | 93.50 |
| Working capital days | -17.75 | -24.39 | -13.56 | 22.31 | 64.38 | 37.98 | 23.91 |
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoter group % | 73.49% | 73.49% | 73.49% | 73.49% | 73.49% | 73.49% |
| Retail & others % | 26.52% | 26.51% | 26.52% | 26.51% | 26.52% | 26.50% |
| Shareholder count | 277 | 306 | 281 | 244 | 240 | 225 |
Fundamentals
Market value₹ 12.1 Cr.
Last price₹ 11.1
P/E (trailing)10.3
Book value / share₹ 10.1
Return on capital14.3 %
Return on equity11.2 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)8%
Profit CAGR (TTM)4%
Standalone figures.
Valuation
Market capRs 11 Cr
Enterprise valueRs 19 Cr
P/E (TTM)10.92x
Price to book4.98x
Price to sales0.54x
EV / EBITDA8.99x
EV / EBIT10.12x
EV / sales0.92x
Price to cash flow20.60x
Earnings yield9.16%
Profitability
Operating margin (excl. other income)10.15%
Operating margin (incl. other income)10.20%
EBITDA margin10.20%
Pre-tax margin6.26%
Net profit margin4.93%
ROE69.20%
ROCE21.92%
ROA8.10%
ROE, 3-year average48.89%
ROCE, 3-year average16.43%
ROA, 3-year average3.48%
ROIC (approx.)14.65%
Tax rate21.26%
Other income / net worth0.46%
Growth
Sales growth (latest year)27.77%
Profit growth (latest year)400.00%
Sales CAGR, 3 years14.35%
Profit CAGR, 3 years364.16%
Per share
EPS (TTM)Rs 0.92
EPS (latest year)Rs 10.00
EPS, 3-year averageRs 4.80
Book value per shareRs 2.01
Sales per shareRs 18.64
Cash flow per shareRs 0.49
Efficiency
Asset turnover1.36x
Fixed asset turnover4.22x
Inventory turnover2.94x
Inventory days124 days
Debtor days60 days
Debtors turnover6.07x
Leverage
Total debtRs 8 Cr
Cash and bankRs 0 Cr
Net debtRs 8 Cr
Debt to equity3.53x
Net debt / EBITDA3.72x
Interest coverage3.23x
Owners' fund to total sources14.65%
Debt to assets51.77%
Cash flow
Operating cash flow (latest year)Rs 1 Cr
Investing cash flow (latest year)Rs -1 Cr
Financing cash flow (latest year)Rs 1 Cr
Sales to cash flow38.28x
Statement figures
Net sales (TTM)Rs 20 Cr
Net sales (latest year)Rs 20 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 17 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 20 Cr
Share capitalRs 1 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 2 Cr
Total assetsRs 15 Cr
Net blockRs 5 Cr
InvestmentsRs 0 Cr
ReceivablesRs 3 Cr
InventoryRs 6 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)1.09
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 4.98 is the lowest in 2.0 years (median 26.39).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 543979 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -21.6% | -2.8% | -18.9 pts |
| 1 month | -51.0% | -6.8% | -44.2 pts |
| 3 months | -78.2% | -7.6% | -70.6 pts |
| 3 years | -67.9% | +14.2% | -82.1 pts |
Red flags
F-score 5 of 7| explain | Weak cash conversion Cash from operations was 18% of net profit over the last 3 years |
| look | Inventory outrunning sales Inventory grew 125% vs sales +28% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹15 Cr +23.3% vs Mar 2024.
Net profit ₹1 Cr +33.3%.
Activity
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|---|---|---|---|
| EPL Ltd | 7,465 | 18.2 | 17.8 % |
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| Jindal Poly Films Ltd | 2,938 | 50.2 | -1.99 % |
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| Cosmo First Ltd | 2,188 | 12.8 | 11.2 % |
| Knack Packaging Ltd | 2,161 | 21.2 | 34.1 % |
| Mold-Tek Packaging Ltd | 2,134 | 28.1 | 13.3 % |
| Huhtamaki India Ltd | 1,780 | 13.0 | 12.0 % |
| Arrow Greentech Ltd | 1,314 | 20.6 | 29.6 % |
| Commercial Syn Bags Ltd | 1,099 | 34.8 | 15.0 % |
| Dhunseri Ventures Ltd | 1,002 | 5.25 | 6.74 % |
| Ester Industries Ltd | 882 | 2.75 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Kahan Packaging Ltd?
Kahan Packaging Ltd (543979) has a market capitalisation of Rs 12.1 Cr. at the 2026-09-30 close.
What is the P/E ratio of Kahan Packaging Ltd?
Kahan Packaging Ltd trades at a P/E of 10.3 on trailing twelve-month profit, at the 2026-09-30 close.
What were Kahan Packaging Ltd's latest quarterly results?
In the Mar 2026 quarter, Kahan Packaging Ltd sales was Rs 15 Cr (+23.3% vs Mar 2024) and net profit was Rs 1 Cr.