MarketFriction

XPRO India Ltd

NSE XPROINDIA · BSE 590013 · Packaging
₹1,136.20 -2.21%
NSE close2026-10-01
52 week range788.05 - 1,574.80
Market cap₹2,724 Cr.
P/E83.4
Price band 20% Delivery 53.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales109.9796.14128.41138.53133.98104.55158.21144.90119.91106.31134.37174.42
Expenses95.1080.95111.63122.49120.5893.99148.23147.42112.5895.69118.15158.57
Operating Profit14.8715.1916.7816.0413.4010.569.98-2.527.3310.6216.2215.85
OPM %13.52%15.80%13.07%11.58%10.00%10.10%6.31%-1.74%6.11%9.99%12.07%9.09%
Other Income2.873.083.146.494.574.993.083.444.074.106.593.99
Interest1.281.180.780.941.402.091.491.691.721.952.163.18
Depreciation2.922.652.622.612.852.792.772.982.982.973.065.09
Profit before tax13.5414.4416.5218.9813.7210.678.80-3.756.709.8017.5911.57
Tax %30.06%26.04%24.76%26.19%27.55%29.99%25.23%46.13%25.82%30.41%24.67%33.97%
Net Profit9.4810.6812.4314.029.947.476.57-5.484.976.8313.257.62
EPS in Rs4.595.175.646.364.513.362.95-2.462.122.895.533.38
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales275318307345354370469509463535505535
Expenses262292286318324330405434397486474485
Operating Profit142621273040647466493250
OPM %5.0%8%7%8%8%11%14%15%14%9%6%9%
Other Income24278122410201819
Interest2225212019171385689
Depreciation181716131212121211111214
Profit before tax-25-12112013415960523046
Tax %41%1%0%2%2%38%-11%23%27%27%36%
Net Profit-35-1210208454544382033
EPS in Rs-20.07-7.035.931.310.234.7225.3824.9119.9117.048.1913.92
Dividend Payout %0%0%0%0%0%0%5%8%10%12%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%6%0%-1%
Compounded Profit Growth10%18%-25%77%
Stock Price CAGR43%26%3%3%
Return on Equity8%10%6%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121218222223
Reserves105705768707078160215538588736
Borrowings178181215190172168135903939269325
Other Liabilities92967080646683736878113134
Total Liabilities3863593543493173163083353406779931,218
Fixed Assets250251226202188188179168160151179390
CWIP10014000322345299
Investments000000055500
Other Assets135107128147125128129161173500468529
Total Assets3863593543493173163083353406779931,218
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-31424342938484983441320
Cash from Investing Activity18-4-2287-6-2-10-58-320-113-156
Cash from Financing Activity-16-10-20-63-38-27-51-21-43278203151
Net Cash Flow0-01-0-25-517-19110216
Free Cash Flow-314217323324643476-274-120
CFO/OP-99%96%83%172%112%131%120%77%110%80%54%99%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days574966596054655237435350
Inventory Days585752635259575149535776
Days Payable9178829377811006553576846
Cash Conversion Cycle242836303633223833394280
Working Capital Days-53-71-34-16-3-1422112283046
ROCE %-2%-0%5%4%8%8%13%22%25%15%8%4%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.26%45.26%42.46%42.46%42.46%42.24%42.42%42.42%40.32%40.32%40.32%40.32%
FIIs11.99%12.04%14.97%15.04%14.92%14.31%14.01%13.76%14.44%14.63%13.89%13.81%
DIIs0.67%0.52%3.09%3.10%2.90%2.99%2.99%3.01%3.40%3.13%2.89%2.94%
Government0.04%0.04%0.04%0.04%0.04%0.04%0.03%0.03%0.03%0.03%0.03%0.03%
Public42.05%42.13%39.45%39.34%39.69%40.41%40.52%40.76%41.80%41.89%42.88%42.91%
No. of Shareholders28,76929,17928,18627,79727,13728,25528,27628,58028,45528,18927,43527,413

Fundamentals

Market Cap₹ 2,724 Cr.
Current Price₹ 1,160
Stock P/E83.4
Book Value₹ 324
ROCE3.78 %
ROE2.80 %
Dividend Yield0.17 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)77%
Consolidated figures.
Valuation
Market capRs 2,667 Cr
Enterprise valueRs 2,691 Cr
P/E (TTM)81.65x
Price to book3.51x
Price to sales4.98x
EV / EBITDA39.13x
EV / EBIT49.22x
EV / sales5.03x
Price to cash flow130.66x
Earnings yield1.22%
Dividend yield0.18%
P/E, 3-year average82.82x
P/B, 3-year average3.93x
P/E, 5-year average60.39x
P/B, 5-year average4.78x
Profitability
Operating margin (excl. other income)6.25%
Operating margin (incl. other income)9.86%
EBITDA margin12.85%
Pre-tax margin8.53%
Net profit margin6.10%
Net margin, latest quarter4.55%
ROE2.81%
ROCE3.86%
ROA1.74%
ROE, 3-year average6.78%
ROCE, 3-year average8.89%
ROA, 3-year average4.97%
ROE, 5-year average15.41%
ROCE, 5-year average14.74%
ROA, 5-year average8.47%
ROIC (approx.)4.49%
Tax rate35.56%
Other income / net worth2.41%
Growth
Sales growth (latest year)-5.57%
Profit growth (latest year)-49.39%
Sales CAGR, 3 years-0.20%
Sales CAGR, 5 years6.41%
Profit CAGR, 3 years-24.88%
Profit CAGR, 5 years18.16%
Sales growth QoQ29.81%
Profit growth QoQ-38.78%
Sales growth YoY (latest quarter)20.37%
Per share
EPS (TTM)Rs 13.92
EPS (latest year)Rs 8.19
EPS (latest quarter)Rs 3.38
EPS, 3-year averageRs 15.05
EPS, 5-year averageRs 21.62
Book value per shareRs 323.68
Sales per shareRs 227.95
Cash flow per shareRs 8.70
Free cash flow per shareRs -51.13
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout24.39%
Dividend payout, 3-year average15.39%
Dividend payout, 5-year average11.89%
Efficiency
Asset turnover0.41x
Fixed asset turnover1.30x
Inventory turnover5.54x
Inventory days66 days
Debtor days50 days
Debtors turnover7.30x
Creditor days46 days
Cash conversion cycle80 days
Working capital days46 days
Leverage
Total debtRs 325 Cr
Cash and bankRs 300 Cr
Net debtRs 24 Cr
Debt to equity0.43x
Net debt / EBITDA0.35x
Interest coverage6.07x
Current ratio (filing 2026-03-31)4.12x
Quick ratio (filing 2026-03-31)3.50x
Trade payables (filing 2026-03-31)Rs 44 Cr
Owners' fund to total sources62.36%
Debt to assets26.66%
Cash flow
Cash from Operating Activity (latest year)Rs 20 Cr
Cash from Investing Activity (latest year)Rs -156 Cr
Cash from Financing Activity (latest year)Rs 151 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs -120 Cr
FCFE (approx.: FCF + change in debt)Rs -64 Cr
Cash from ops / profit, 5 years1.09x
Sales to cash flow24.77x
Statement figures
Net sales (TTM)Rs 535 Cr
Net sales (latest year)Rs 505 Cr
Sales (latest quarter)Rs 174 Cr
Operating profit excl. other income (latest year)Rs 32 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 69 Cr
PBDT (TTM)Rs 60 Cr
Profit before tax (TTM)Rs 46 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 33 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 14 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 404 Cr
Total expenditure (latest year)Rs 474 Cr
Total income (latest year)Rs 524 Cr
Share capitalRs 23 Cr
ReservesRs 736 Cr
Shareholders' fundsRs 760 Cr
Total assetsRs 1,218 Cr
Net blockRs 390 Cr
Capital work in progressRs 299 Cr
InvestmentsRs 0 Cr
ReceivablesRs 69 Cr
InventoryRs 73 Cr
Other liabilitiesRs 134 Cr
Shares outstanding (crore)2.35
Ownership
Promoter holding40.32% (-2.10 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 81.7 is at the 66th percentile of its own 8.2-year range (median 56.9, low 4.9, high 285.8).
P/B 3.51 is at the 44th percentile (median 3.92).
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.
PeriodXPROINDIANifty 50Difference
1 week-5.9%-2.8% -3.1 pts
1 month+0.0%-6.8% +6.8 pts
3 months-24.0%-7.6% -16.4 pts
6 months+12.2%+0.4% +11.8 pts
1 year-2.0%-9.9% +7.9 pts
2 years-0.6%-13.6% +12.9 pts
3 years+7.4%+14.2% -6.8 pts
5 years+193.8%+27.9% +165.9 pts
6 mutual fund schemes hold about ₹35 Cr. Over three months 1 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bank of India Small Cap Fund0.49%16 +49%
WOC Flexi Cap Fund0.11%10 -3%
WOC Mid Cap Fund0.06%4 -11%
Quantum Small Cap Fund1.65%4 -1%
Bank of India Midcap Tax Fund-Sr 22.24%1 +4%
WOC Multi Cap Fund0.00%0

Red flags

F-score 4 of 8
explainShare dilution Share count up 5% in a year, 29% in three
lookProfit leans on other income Other income was 60% of pre-tax profit 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

Jun 2026
Sales ₹174 Cr +20.4% vs Jun 2025. Net profit ₹8 Cr +239.1%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
EPL Ltd7,46518.217.8 %
AGI Greenpac Ltd5,13013.919.5 %
Uflex Ltd4,6686.757.03 %
TCPL Packaging Ltd3,74831.017.9 %
Polyplex Corporation Ltd3,32921.40.89 %
Jindal Poly Films Ltd2,93850.2-1.99 %
Cosmo First Ltd2,18812.811.2 %
Knack Packaging Ltd2,16121.234.1 %
Mold-Tek Packaging Ltd2,13428.113.3 %
Huhtamaki India Ltd1,78013.012.0 %
Arrow Greentech Ltd1,31420.629.6 %
Commercial Syn Bags Ltd1,09934.815.0 %
Dhunseri Ventures Ltd1,0025.256.74 %
Ester Industries Ltd8822.75 %
Haldyn Glass Ltd83026.813.5 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-13Dividend - Rs 2 Per Share
2025-07-18Annual General Meeting/Dividend - Rs 2 Per Share
2024-07-22Annual General Meeting/Dividend - Rs 2 Per Share
2023-08-03Annual General Meeting/Dividend - Rs 2 Per Share
2022-07-01Bonus 1:20.6667
2022-06-16Annual General Meeting/Dividend - Rs 2 Per Share
2021-07-30 Annual General Meeting
2020-09-18 Annual General Meeting
2019-07-25 Annual General Meeting
2018-08-02 Annual General Meeting
2017-08-28 Annual General Meeting
2016-07-26 Annual General Meeting
2015-08-06Annual General Meeting
2014-07-22Annual General Meeting
2013-06-27Annual General Meeting / Final Dividend Re.1/- Per Equity Share
2012-06-28Annual General Meeting And Dividend Rs.2.50 Per Share
2011-06-29Dividend-Rs.2/- Per Share
2010-06-29Dividend-Re.1.75 Pr Share
2009-06-29Agm/Div-Re.1/- Per Share
2008-07-17Agm/Div-Rs.1.50 Per Share
2007-07-12Agm/Div-Rs.1.50 Per Sh
2006-07-13Agm/Div-Rs.2/- Per Sh
DateTypeWhat it says
2026-09-25General UpdatesThe company has been awarded at the 51st ELCINA Awards for Excellence.
2026-09-02Volume querySignificant increase in volume has been observed in Xpro India Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-09-02Volume querySignificant increase in volume has been observed in Xpro India Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-08-29Concall / analyst meetSchedule of meet
2026-08-11Shareholder meetingWith copy of minutes of 29th Annual General Meeting held on July 20, 2026
2026-08-01Press ReleaseA press release dated August 01, 2026, titled "Xpro India Limited reports Q1 FY27 Results".
2026-07-31Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-07-31Board meeting outcomeXpro India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Shareholder meetingVoting results.
2026-07-20Shareholder meetingProceedings of Annual General Meeting held on July 20, 2026
2026-07-03Disclosure under SEBI TakeovIntellipro Finance Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-06-23UpdatesCompliance with Regulation 36(1)(b) of the Listing Regulations.
2026-06-23Shareholder meetingNotice of Annual General Meeting to be held on July 20, 2026
2026-06-17UpdatesCommunication to Shareholders - Intimation on Tax Deduction on Dividend.
2026-06-16Volume querySignificant increase in volume has been observed in Xpro India Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-06-16Volume querySignificant increase in volume has been observed in Xpro India Limited. The Exchange, in order to ensure that investors have latest relevant informati...
2026-05-27Concall / analyst meetTranscript
2026-05-27General UpdatesMinutes of Postal ballot
2026-05-22Concall / analyst meetLink of Recording
2026-05-21Press Release (Revised)A revised press release dated May 21, 2026, titled "Revised Press Release".
2026-05-21Press ReleaseA press release dated May 21, 2026, titled "Xpro India Limited reports Q4 FY26 Results".
2026-05-20DividendBoard of Directors at its meeting held on May 20, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-20Change in ManagementChange in Management
2026-05-20UpdatesIntimation for Annual General Meeting.
2026-05-20UpdatesIntimation for Book Closure.
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.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of XPRO India Ltd?

XPRO India Ltd (XPROINDIA) has a market capitalisation of Rs 2,724 Cr. at the 2026-10-01 close.

What is the P/E ratio of XPRO India Ltd?

XPRO India Ltd trades at a P/E of 83.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were XPRO India Ltd's latest quarterly results?

In the Jun 2026 quarter, XPRO India Ltd sales was Rs 174 Cr (+20.4% vs Jun 2025) and net profit was Rs 8 Cr.

What is the 52-week high and low of XPRO India Ltd?

The 52-week high is Rs 1,574.80 and the 52-week low is Rs 788.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03