AGI Greenpac Ltd (AGI)

Capital Goods · Packaging · NSE · Updated 1 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹779.3 ↓ 12.66% (1Y)

🎯 Key Takeaways

AGI Greenpac is in a growth phase driven by capacity expansion and strong demand in premium packaging segments, despite near-term margin pressure from input cost increases. Revenue growth remains robust, but profitability is being compressed temporarily as the company invests in scaling to 2,600 TPD by March 2027.
Revenue grew 5.8% QoQ to ₹785 in Q1FY27.
⚠️ 1) Margin pressure from regional input cost increases is eroding EBITDA and PAT growth despite revenue expansion, requiring effective cost optimizatio

Market Cap

₹5,042

P/E Ratio

13.9

P/B Ratio

2.40

ROE

17.3%

ROCE

19.6%

Debt/Equity

0.26

Div Yield

0.90%

Promoter

60.4%

✨ Ask AI About AGI 📊 Interactive Charts

📖 The Story

AGI Greenpac is in a growth phase driven by capacity expansion and strong demand in premium packaging segments, despite near-term margin pressure from input cost increases. Revenue growth remains robust, but profitability is being compressed temporarily as the company invests in scaling to 2,600 TPD by March 2027. The business model is capital-intensive but asset-light in structure, with a strong balance sheet and low leverage supporting continued investment.

📰 What's Happening

In Q1 FY27 (July 2026), AGI Greenpac reported consolidated revenue of ₹785 crore, up 14.2% YoY, reflecting sustained demand in premium packaging. PAT rose 11.8% YoY to ₹99 crore, but EBITDA declined 23.1% YoY to ₹175 crore due to regional cost inflation. Management highlighted ongoing capacity expansion to 2,600 TPD by March 2027 as a key growth enabler. Earlier, on June 26, 2026, the company notified shareholders of unclaimed dividends from FY 2018-19 onward, triggering mandatory transfer of shares to IEPF if not claimed by September 15, 2026, requiring affected investors to submit documentation via the RTA.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	602	634	742	785
Operating Profit	107	107	109	130
OPM %	17.8%	16.8%	14.7%	16.6%
Net Profit	76	71	115	99
EPS	₹11.75	₹11.04	₹17.83	₹15.36

Revenue has grown consistently over the past four quarters, rising from ₹602 crore in September 2025 to ₹785 crore in June 2026, indicating strong top-line momentum. However, OPM has fluctuated between 14.7% and 17.8%, with the latest quarter showing 16.6%, suggesting margin compression despite volume growth. PAT peaked at ₹115 crore in March 2026 but dipped to ₹99 crore in June 2026, aligning with EBITDA decline and input cost pressures. EPS followed a similar trend, declining from ₹17.83 to ₹15.36, reflecting the impact of rising costs on bottom-line performance.

🔮 Management Outlook & What's Next

Management expects capacity expansion to 2,600 TPD by March 2027 to support continued growth in premium segments, which is central to its long-term strategy. While no formal forward guidance on margins or revenue was provided in the latest filing, the emphasis on cost optimization to offset input pressures suggests awareness of profitability challenges. The unclaimed dividend issue, while a compliance matter, reflects long-standing governance practices but no operational impact on current performance.

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

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	13	13	13	13
Reserves	1,898	2,085	2,204	2,394
Borrowings	603	552	460	241
Total Liabilities	3,375	3,496	3,364	3,552
Fixed Assets	2,062	1,556	2,031	2,022
Investments	0	511	10	98
Total Assets	3,375	3,496	3,364	3,552

The balance sheet shows stable equity of ₹13 crore and growing reserves, indicating retained earnings, while borrowings have declined from ₹552 crore to ₹241 crore over two years, suggesting active deleveraging. Total assets have remained relatively flat, but the reduction in debt alongside asset growth implies disciplined capital allocation and improving financial risk profile. This strengthens the company’s capacity to fund expansion without over-leveraging.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+429
Investing	-442
Financing	-190
Net Cash Flow	-204

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	60.2%	60.2%	60.4%	60.4%
FII	7.5%	7.2%	6.8%	6.3%
DII	2.2%	2.3%	2.0%	1.1%
Public	22.8%	23.1%	24.2%	24.9%
# Shareholders	54,922	55,939	57,390	58,757

Promoter holding remains stable at 60.39%, indicating confidence in long-term prospects. FII ownership has slightly declined from 7.49% to 6.27% over five quarters, while DII has increased from 1.06% to 2.04%, suggesting growing interest from domestic institutional investors. The rise in the number of shareholders (from 54,922 to 58,757) and stable public holding indicate broadening retail interest, which may support liquidity and market depth.

⚖️ Peer Comparison — Packaging

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
INOXINDIA	19,412	76.2	29.2%	22.8%	0.06
GRWRHITECH	16,598	42.8	22.0%	16.4%	0.00
EPL	8,382	21.6	17.1%	13.8%	0.25
AGI	5,042	13.9	19.6%	17.3%	0.26
UFLEX	4,685	6.9	8.8%	8.4%	1.21
POLYPLEX	3,707	23.9	7.7%	7.2%	0.23
TCPLPACK	3,548	30.7	17.8%	16.1%	0.80
XPROINDIA	2,692	81.5	5.2%	4.3%	0.38
COSMOFIRST	2,446	14.5	11.4%	10.3%	0.98
MOLDTKPAC	2,357	32.2	19.9%	14.5%	0.10

🔗 Peer Stock Analyses

INOXINDIA GRWRHITECH EPL UFLEX POLYPLEX

⚠️ Risk Factors

1) Margin pressure from regional input cost increases is eroding EBITDA and PAT growth despite revenue expansion, requiring effective cost optimization to sustain profitability. 2) The IEPF-mandated share transfer for unclaimed dividends since FY19 raises governance concerns and may signal past lapses in investor communication, potentially affecting institutional trust. 3) High concentration in promoter holdings (60.39%) with limited public float could lead to lower liquidity and increased volatility. 4) Capacity expansion execution risk — delays or cost overruns could dampen expected growth momentum.

📋 Recent Filings

🧠 Analyst's Read

AGI Greenpac is executing a clear growth strategy with strong top-line momentum, but near-term profitability is under pressure from cost inflation. The company’s financial discipline, low leverage, and capacity expansion plans are positives, but margin recovery and execution of the 2,600 TPD target will be critical. Investors should monitor cost management trends and clarity on capital allocation as key near-term catalysts.

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 2026-09-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 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

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd