Announcement
Announcement under Regulation 31A (LODR)-(8)(a) Receipt of request 16 Oct - Epsilon Bidco sold 84.48 million shares (26.37%) and requested promoter-to-public reclassification.
Source: Bse
EPL Limited (EPL)
Micro CapIndustrials stocks · Micro cap · NSE
EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes for FMCG and Pharma. It operates 21 manufacturing facilities across 11 countries, employing 6000+ people. It serves categories like Oral Care, Beauty & Cosmetics, Pharma, Home, and Industrial.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result16 Aug, 12:31 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
51NeutralSMA20 -4.9% / mo · MACD +
Stock trend: 51
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
EPLD candles · FIT view+2.3%Latest close ₹231.03 on 2026-10-19
Bar
-1.2%
RSI
43
MACD hist
0.02
52W pos
56%
2026-10-19O ₹233.90H ₹233.90L ₹227.04C ₹231.03Vol 8.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
EPLNifty India ManufacturingNifty 500
- EPL
- -3.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +1.9 pp
Chart stats
19 Oct 2026- From 52W high
- -15.7%
- 52W range position
- 56%
- ATR (14)
- 3.1%
- Volume vs 20D
- 0.56x
- Avg traded value
- ₹34.2 Cr
- 20D price channel
- ₹226.7 - ₹242.7
₹274
₹176.4 - ₹274
₹7.1
Latest completed session
20-session average
19.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +25.3% · PAT +0.0% YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model+38.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100PAT 0% YoY · margin compression · Rev +25% YoY · +7% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,388 Cr | +25.3% | +6.8% |
| EBITDA | ₹261 Cr | +15.0% | +2.0% |
| Operating margin | 19.0% | -100 bps | -100 bps |
| PAT | ₹101 Cr | +0.0% | -1.9% |
| PAT margin | 7.3% | -184 bps | -64 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.10
- P/B
- 2.60
- EV/EBITDA
- 5.99
- Market Cap
- 7447.00Cr
Profitability
- ROE
- 15.70%
- ROCE
- 17.80%
- ROA
- 8.13%
- Dividend Y
- 1.08%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 10.00%
- Revenue 3Y
- 9.00%
- EPS 3Y
- 22.00%
Balance Sheet
- Debt/Equity
- 0.34
- Interest Coverage
- 8.61×
- Altman Z
- 5.01
- Book Value
- 89.20
Cash Flow
- FCF Yield
- 3.77%
- FCF Positive Y
- 12/5
- OCF
- 723.00 Cr
- EPS TTM
- 12.10
Shareholding
- Promoter Hold
- 26.38%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 57%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 4,763+13.1% vs prev
Net Profit
₹ CrLatest: 394+8.2% vs prev
Return on Equity
%Latest: 616+8.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 43. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~5.2% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 16% off 52W high · 31% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
71
RS percentile
Stage 1 Base / Transition
1M return
-3.5%
3M return
-3.6%
6M return
+1.2%
1Y return
+14.0%
RS 1D
+3
RS 20D
+4
Sector rank
#2
Industry rank
#12
Stage evidence
- Price is within 0.3% of the 30-week proxy.
- The 30-week proxy changed +2.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 114.98+0.59%
RS vs Nifty 500115
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation10/30
Growth15/25
Quality12/20
Balance Sheet8/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 3.8%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 38.9%.
Main drags
- Valuation is weaker at 10/30; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
- Growth is weaker at 15/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
18.1
PB
2.6
EV/EBITDA
6.0
ROE
15.7%
ROCE
17.8%
FCF Yield
3.8%
Debt/Equity
0.3
MoS
+38.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+38.9%
Previous: +38.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
56
56
56
56
56
56
56
56
56
56
56
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹155.84
-48.3% MoS
Growth-justified P/E
31.2
Growth-justified Value
₹377.76
+38.9% MoS
PEG
1.22
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
UFLEX
Small
UFLEX Limited
Packaging
match 79
42
6.7
4.3%
-137%
WATCHLIST
POLYPLEX
Small
Polyplex Corporation Limited
Packaging
match 76
32
20.6
0.5%
-2161%
WATCHLIST
COSMOFIRST
Small
COSMO FIRST LIMITED
Packaging
match 75
37
12.6
10.4%
-177%
WATCHLIST
JINDALPOLY
Small
Jindal Poly Films Limited
Packaging
match 74
16
48.0
-1.0%
-1088%
OVERVALUED
HUHTAMAKI
Small
Huhtamaki India Limited
Packaging
match 74
27
20.3
13.0%
-248%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-09T07:10:53.917Z
Management commentary snapshot
Q4FY26 revenue grew 17.6% YoY with 20.2% EBITDA margin. FY26 revenue grew 13.0% YoY with 20.4% EBITDA margin, up 49bps. PAT (ex-exceptional) increased 1% in Q4 and 15.0% for FY26, with EPS at Rs.13.03/share.
EPL delivered strong FY26 results, driven by robust B&C growth and regional expansion. Consistent 20%+ EBITDA margins for seven quarters and improved ROCE indicate operational efficiency. While Q4 PAT was impacted by forex and ETR, full-year growth remains solid. Input cost inflation is a watchpoint.
Current business mix
Tube revenue split (Q4 FY 26)
Latest issuer-disclosed distribution across 4 reported categories.
Oral Care47.0%
Beauty & Cosmetics40.0%
Pharma9.0%
Others4.0%
Growth engines
Beauty & Cosmetics (B&C) Performance
Delivered 29.9% growth for Q4 and 29.3% for FY26, fueled by strong momentum across regions.
Americas Region Growth
Delivered solid growth of 24% for Q4 and 21% for FY26 with broad based growth, Brazil continues strong.
EAP Region Growth
Delivered robust growth of 25% in Q4 driven by B&C momentum and focus on premium segment growth in Oral.
Personal Care & Beyond Contribution
Personal Care & Beyond grew by 23%+ in FY26, now 53% of total revenue, accelerating driven by strategic focus.
Tailwinds
Sustainability-Led Competitive Advantage
Platina is a benchmark for sustainable solutions, certified through APR and CIPET, with 38% of portfolio now sustainable.
Oral Care Demand Improvement
Oral care in AMESA is showing signs of improvement which will support growth going forward.
Headwinds
Input Cost Inflation
Middle East crisis impacting availability and pricing of key raw materials; C6/C8 Polymers +71% QoQ, C4 Polymers +40% QoQ, Aluminium Foil +52% QoQ.
Forex Impact on PAT
Q4 PAT* increased by 1% vs last year, primarily due to INR 104mn Fx loss in this year vs INR 34mn Fx gain in PY.
Higher Effective Tax Rate
Lower PAT* growth in Q4 is due to higher ETR due to phasing impact.
Risk radar
Fluctuations in Earnings
Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in such statements.
Intense Competition
Intense competition in packaging industry including factors which may affect our cost advantage.
Raw Material Price Volatility
Middle East crisis impacting availability and pricing of key raw materials.
Client Concentration
Risks and uncertainties include client concentration.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
The presentation provides detailed YoY comparisons for both Q4 and the full fiscal year, crucial for assessing overall business health and annual trends. However, it also highlights QoQ input cost surges, making sequential analysis relevant for margin sustainability.
Sector KPIs management disclosed
Revenue Growth (FY26)
Full year revenue growth at 13.0%.
EBITDA Growth (FY26)
Full year EBITDA growth at 15.8%.
EBITDA Margin (FY26)
EBITDA margin at 20.4%, +49bps over PY.
PAT (ex-exceptional) Growth (FY26)
PAT* has grown by 15.0%.
Management forward view
Sustaining Double-Digit Growth
With continued B&C focus and execution discipline, we remain confident in sustaining double digit growth.
Consistent Margin Improvement
Targets & Initiatives include consistent margin improvement and robust Capital Deployment model.
Geographical Expansion & M&A
Targets & Initiatives include Geographical Expansion with Thailand and M&A.
Operational Efficiencies
Targets & Initiatives include Operational Efficiencies in NWC and asset utilization.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| B&C Growth | 29.3% for FY26 | Sustained double-digit growth across regions. |
| EBITDA Margin | 20.4% for FY26 | Continued 20%+ margin delivery and further expansion. |
| Recyclable Portfolio Share | 38% of portfolio in FY26 | Continued scaling up of sustainable tube volumes. |
| Input Cost Pass-through | Focused on full pass-through of cost inflation. | Ability to fully pass through raw material cost increases while maintaining robust absolute EBITDA growth. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
74Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 75th percentile of the scored universe and 73rd percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
128 docs text-extracted · 48 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Industrials: 73rd pctile, median 68 · Micro: 56th pctile, median 73
Evidence depth
Financial-only
128 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
61
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.6%.
- ▸12 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching EPL Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8 Oct - Intimation w.r.t. allotment of shares pursuant to exercise of Stock Options, is enclosed herewith.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 7 Oct - CARE revised EPL long-term rating to AA+ (RWD); short-term rating A1+ reaffirmed.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 13 Oct - EPL reported insider trading code violations; caution issued for 6,686 shares sold and 1,000 bought in August-September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 23 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 11 Sep - Ind-Ra placed EPL issuer rating on watch; commercial paper rating affirmed at IND A1+.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug - Newspaper advertisements published informing the shareholders regarding 43rd AGM of the Company and that the Notice, E-voting and related matters, has been sent to all …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Aug - Newspaper advertisements published informing the shareholders about 43rd AGM of the Company and the mode of dispatch of the Notice of 43rd AGM, is enclosed …
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 4 Jul - EPL invested THB 49.5 million in subsidiary EPTL on July 3, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 30 Jun - Intimation w.r.t. allotment of shares pursuant to exercise of Stock Options, is enclosed herewith.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.