AGI Greenpac Limited (AGI)

Capital Goods · Industrial Products · NSE · Updated 15 July 2026

₹683.35 ↓ 15.84% (1Y)

🎯 Key Takeaways

AGI Greenpac Limited is in a mature, cash-generative phase with stable profitability and low leverage, but faces minor operational headwinds as revenue growth has plateaued over the last four quarters. Management continues to focus on governance and shareholder return compliance rather than aggressive expansion, signaling a consolidation-oriented strategy.
Revenue grew 17.2% QoQ to ₹742 in Q4FY26.
⚠️ Limited revenue growth and margin compression in recent quarters could pressure profitability if cost control slips.

Market Cap

₹3,749

P/E Ratio

10.7

P/B Ratio

1.56

ROE

0.0%

ROCE

19.4%

Debt/Equity

0.10

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About AGI 📊 Interactive Charts

📖 The Story

AGI Greenpac Limited is in a mature, cash-generative phase with stable profitability and low leverage, but faces minor operational headwinds as revenue growth has plateaued over the last four quarters. Management continues to focus on governance and shareholder return compliance rather than aggressive expansion, signaling a consolidation-oriented strategy. The company maintains strong ROCE at 19.4% and a conservative debt-to-equity ratio of 0.10, reflecting disciplined capital allocation. However, the absence of top-line growth and limited reinvestment suggest it is transitioning into a cash cow phase with limited reinvestment needs.

📰 What's Happening

In the last three quarters, AGI Greenpac has focused on governance updates and talent appointments rather than operational expansion. Key developments include the appointment of Prem Viswanathan as Vice President - HR effective May 6, 2026, aimed at strengthening HR infrastructure for manufacturing and sales operations. Additionally, shareholders approved all key governance proposals in postal ballot votes on June 8, 2026, including the reappointment of Sandip Somany as CMD and the appointment of Ram Babu Kabra as a Non-Executive Director with a consultancy fee up to Rs. 2.15 crores annually. Earlier, on May 7, 2026, the company clarified shareholder voting requirements for these appointments, correcting an e-voting end date to June 6, 2026. These moves underscore a focus on leadership continuity and board-level stability rather than strategic transformation.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	Q4FY26
Revenue	599	658	705	688	602	634	742
Operating Profit	166	185	191	176	154	149	206
OPM %	25.7%	25.7%	21.9%	20.6%	24.9%	23.7%	20.6%
Net Profit	72	91	97	89	76	71	115
EPS	₹11.14	₹13.99	₹14.93	₹13.73	₹11.75	₹11.04	₹17.83

The company's quarterly performance shows mixed operational trends: revenue peaked at ₹742 crores in Q4FY26 but has declined slightly from ₹705 crores in Q4FY25, with operating margins compressing from 25.7% in Q3FY25 to 20.6% in Q4FY26. Despite this, profitability remains stable, with net profit holding steady around ₹70-90 crores per quarter and EPS fluctuating between ₹11.04 and ₹17.83. The slight revenue dip and margin pressure appear to be offset by cost discipline, as operating expenses have been managed without major spikes. However, the lack of revenue acceleration suggests limited demand expansion, and the company is likely prioritizing margin protection over growth reinvestment.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margin expectations in the latest filings, but the repeated emphasis on governance compliance, shareholder communication, and HR leadership suggests a focus on operational stability and regulatory adherence. The company continues to manage director remuneration through shareholder-approved performance-linked incentives, including a 1% net profit commission for non-managing directors. There is no indication of new capital projects or market expansion plans in the recent disclosures, implying that management expects steady-state performance in the near term.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2024-2025	2025-2026	2025-2026	2025-2026	2025-2026
Equity Capital	13	13	13	13	13
Reserves	2,085	—	2,204	—	2,394
Borrowings	552	—	459	—	239
Total Liabilities	1,398	1,053	1,147	915	1,145
Fixed Assets	1,553	—	1,555	—	1,547
Investments	35	—	10	—	98
Total Assets	3,496	3,462	3,364	3,424	3,552

The balance sheet shows a stable capital structure with equity and reserves forming the core funding base, while borrowings remain minimal at ₹239 crores in the latest period. Total assets have slightly increased to ₹3,552 crores, indicating modest growth in operations or investments, but the lack of significant debt reduction or large-scale asset additions suggests limited reinvestment activity. The company is not aggressively deleveraging nor deploying capital for expansion, consistent with a mature business model focused on preserving cash flows rather than funding aggressive growth.

⚖️ Peer Comparison — Industrial Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Cummins India Limited	1.49 L Cr	74.4	—	—	—
Polycab India Limited	1.38 L Cr	74.8	—	—	—
APL Apollo Tubes Limited	52,483	43.6	29.3%	22.7%	0.09
KEI Industries Limited	48,924	72.7	—	—	—
Supreme Industries Limited	44,570	43.6	—	—	—
Astral Limited	41,662	79.2	—	—	—
AIA Engineering Limited	35,987	31.0	20.4%	16.8%	0.07
Welspun Corp Limited	34,530	23.2	—	—	—
Timken India Limited	26,561	61.0	—	—	—
Kirloskar Oil Engines Limited	25,295	49.8	—	—	—

🔗 Peer Stock Analyses

CUMMINSIND POLYCAB APLAPOLLO KEI SUPREMEIND

⚠️ Risk Factors

1. Limited revenue growth and margin compression in recent quarters could pressure profitability if cost control slips. 2. Prolonged unclaimed dividends and IEPF transfers indicate possible shareholder attrition or administrative delays that could affect investor confidence. 3. Low capital expenditure and lack of growth initiatives may lead to long-term value stagnation. 4. Over-reliance on stable, low-margin manufacturing operations exposes the company to input cost volatility and sector-specific demand risks.

📋 Recent Filings

🧠 Analyst's Read

AGI Greenpac operates as a stable, low-growth industrial player with strong cash flows and conservative financials, but lacks catalysts for re-rating. Investors should monitor whether management initiates any strategic reinvestment or growth initiatives to reignite top-line momentum, as current trends suggest a plateau in operational performance.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on AGI

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

📡 Get AI alerts when AGI files new disclosures

Track AGI filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track AGI — Free

Free account · 2 AI queries/day