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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹869 Cr.
Stock P/E
13.8
P/B
3.7
Current Price
₹575.7
Book Value
₹ 155.3
Face Value
10
52W High
₹816.2
52W Low
₹ 342
Dividend Yield
0.87%

Arrow Greentech Overview

Business

Arrow Greentech Ltd. is an Indian company primarily engaged in the manufacturing and selling of specialty films and chemicals, with a significant focus on environmentally friendly solutions. Their core business revolves around Water Soluble Films (WSF), which are biodegradable and dissolve in water, used in diverse applications such as packaging of agrochemicals, detergents, dyes, food ingredients, and medical products for controlled release or safe handling. They also produce anti-microbial films and hot melt adhesive films. The company makes money by manufacturing these specialized films and chemicals and selling them to industrial clients across various sectors.

Revenue Mix

The company primarily operates in the specialty films and chemicals segment, with Water Soluble Films (WSF) being a key product offering due to its environmental benefits and diverse applications. Specific revenue contributions by product type or end-user industry are generally not disclosed with granular detail in readily available public information.

Industry

Arrow Greentech operates within the broader Indian packaging and specialty chemicals industry. The packaging sector in India is highly fragmented, encompassing various materials like plastics, paper, glass, and metals. Arrow Greentech differentiates itself by focusing on a niche within this industry: specialty films, particularly water-soluble and eco-friendly options. This positions them in a growing segment driven by sustainability trends, where they aim to be a significant player in the domestic and potentially international market for WSF. Their "Greentech" nomenclature reflects this strategic positioning in sustainable packaging solutions.

MOAT

Arrow Greentech's competitive advantage likely stems from its specialization and technical know-how in manufacturing Water Soluble Films and other specialty films. Developing and consistently producing such films requires specific R&D, proprietary formulations, and specialized manufacturing processes, acting as a technological moat. Being an early mover or a prominent domestic manufacturer in this specific niche (WSF) could also provide them with an advantage in terms of established customer relationships and market recognition. The eco-friendly nature of their core product further aligns with increasing regulatory and consumer demand for sustainable solutions.

Growth Drivers

Increasing Demand for Sustainable Packaging: Global and domestic push for eco-friendly and biodegradable packaging solutions directly drives demand for Water Soluble Films, aligning with the company's core product.

Diversification of Applications: Expanding applications of WSF beyond traditional uses (e.g., in medical, food, and personal care sectors) can open new revenue streams.

E-commerce Growth: The rise of e-commerce often necessitates innovative and protective packaging solutions, some of which could be met by specialty films.

Regulatory Support: Potential government policies favoring biodegradable materials over conventional plastics could create a tailwind.

Export Opportunities: Leveraging their specialized product portfolio to tap into international markets seeking sustainable packaging.

Risks

Raw Material Price Volatility: Fluctuations in the prices of polymers and other chemicals used in film manufacturing can impact profit margins.

Intense Competition: While specialized, the market for specialty films can attract new entrants or existing players expanding their capabilities, leading to price pressure.

Technological Obsolescence: Rapid advancements in material science could lead to newer, more efficient, or cheaper alternative packaging solutions.

Regulatory Changes: While sustainability is a driver, unforeseen changes in environmental regulations or product standards could impact operations or demand.

Execution Risk: Successful scaling of production, managing R&D for new products, and market penetration carry inherent execution risks.

Management & Ownership

Arrow Greentech Ltd. is promoted by the Prajapati family, with Mr. Bhagirathbhai A. Prajapati being a key figure in the promoter group. Promoter holding in the company is typically a significant portion, common among Indian listed companies. The management team is responsible for driving the company's strategy in specialty films and chemicals, with a focus on sustainable solutions.

Outlook

Arrow Greentech appears well-positioned to capitalize on the growing global demand for sustainable and specialty packaging solutions, particularly with its focus on Water Soluble Films. The "Greentech" aspect of its business aligns with long-term environmental trends and regulatory shifts. However, the company operates in a competitive and evolving industry where raw material price volatility and the need for continuous innovation are constant challenges. Its ability to successfully diversify product applications, expand market reach (including exports), and maintain a technological edge will be crucial for sustained growth amidst potential competition and execution risks.

Arrow Greentech Share Price

Live · BSE / NSE · Inception: 1992
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Arrow Greentech Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 25 51 66 65 55 57 42 61 56 42
Other Income 1 1 1 1 2 2 2 2 2 2
Total Income 26 51 67 66 57 59 43 63 58 44
Total Expenditure 18 35 38 39 37 41 27 40 37 31
Operating Profit 8 16 29 27 19 18 16 23 21 13
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 14 27 26 18 16 14 21 19 11
Provision for Tax 1 4 7 7 5 4 3 5 6 3
Profit After Tax 5 10 20 19 13 11 11 16 13 7
Adjustments 0 0 -0 0 0 0 -0 0 0 -0
Profit After Adjustments 5 10 20 19 13 11 11 16 13 7
Adjusted Earnings Per Share 3.2 6.7 13.4 12.4 8.5 7.6 7.2 10.4 8.8 4.9

Arrow Greentech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 49 51 53 35 34 22 52 34 109 149 243 201
Other Income 1 5 5 2 2 2 3 2 2 3 5 8
Total Income 50 55 57 37 36 24 55 35 111 151 249 208
Total Expenditure 19 14 16 29 49 30 44 41 85 102 155 135
Operating Profit 31 42 41 8 -13 -6 11 -5 26 49 94 73
Interest 0 0 0 0 0 1 1 1 1 1 0 0
Depreciation 1 1 2 4 4 4 5 5 7 8 7 8
Exceptional Income / Expenses -0 0 0 0 0 -0 0 0 0 0 0 0
Profit Before Tax 30 41 39 3 -17 -10 6 -11 18 41 86 65
Provision for Tax 7 10 5 3 -0 -0 -1 -2 6 11 23 17
Profit After Tax 23 31 35 0 -17 -10 7 -9 12 29 63 47
Adjustments -1 -1 -1 0 0 0 -0 -0 0 0 0 0
Profit After Adjustments 22 31 34 0 -17 -10 6 -9 12 30 63 47
Adjusted Earnings Per Share 17.7 24.3 27.1 0.2 -13.2 -7.1 4.5 -6.6 8.1 19.6 41.8 31.3

Arrow Greentech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 47 69 97 98 78 76 85 75 98 127 188
Minority's Interest 1 1 2 2 2 2 2 2 2 2 2
Borrowings 0 0 0 0 0 4 3 2 1 0 0
Other Non-Current Liabilities 1 0 1 12 1 8 7 5 11 -5 -4
Total Current Liabilities 12 20 5 5 6 9 8 8 17 14 15
Total Liabilities 60 91 106 117 87 98 105 92 129 138 201
Fixed Assets 11 16 26 26 23 28 26 28 33 33 33
Other Non-Current Assets 19 19 22 45 28 40 37 26 19 21 15
Total Current Assets 30 56 57 46 36 31 42 39 77 84 153
Total Assets 60 91 106 117 87 98 105 92 129 138 201

Arrow Greentech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 26 41 43 29 18 10 11 10 7 8
Cash Flow from Operating Activities 26 27 17 5 -16 3 1 2 3 18 68
Cash Flow from Investing Activities -11 -6 -12 -13 8 -24 2 -2 -14 -13 -55
Cash Flow from Financing Activities -4 -7 -2 -6 -3 12 -2 -2 8 -4 -4
Net Cash Inflow / Outflow 11 14 2 -14 -11 -8 2 -1 -3 1 9
Closing Cash & Cash Equivalent 26 41 43 29 18 10 11 10 7 8 17

Arrow Greentech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 17.73 24.26 27.07 0.22 -13.24 -7.07 4.55 -6.62 8.14 19.56 41.84
CEPS(Rs) 18.94 25.63 28.78 3.61 -10.45 -4.72 8.11 -3.24 12.55 24.63 46.66
DPS(Rs) 2.5 4.5 5.6 2 0.5 0 0 0 1 2 4
Book NAV/Share(Rs) 36.92 54.99 77.27 77.52 61.81 53.92 60.01 53.01 65.07 84.07 124.76
Core EBITDA Margin(%) 60.01 72.4 68.06 15.61 -43.39 -35.05 16.02 -21.27 21.76 31.32 36.42
EBIT Margin(%) 60.39 79.43 73.95 9.53 -49.47 -44.54 12.23 -30.2 17.78 27.79 35.54
Pre Tax Margin(%) 60.39 79.43 73.87 9.32 -49.71 -47.54 10.67 -32.67 16.58 27.38 35.34
PAT Margin (%) 46.86 60.67 64.96 0.49 -49.18 -46.36 13.02 -27.5 11.27 19.75 25.89
Cash Profit Margin (%) 48.82 62.72 67.99 13.11 -38.39 -30.18 21.8 -13.54 17.41 25.03 28.93
ROA(%) 45.31 41.35 35.25 0.15 -16.57 -11.05 6.73 -9.4 11.09 21.98 37.21
ROE(%) 60.14 53.95 41.58 0.18 -19.22 -13.28 8.5 -11.63 14.18 26.07 39.99
ROCE(%) 77.27 70.57 47.31 3.39 -19.32 -12.34 7.55 -12.21 21.66 36.26 54.83
Receivable days 3.51 21.58 51.8 92.17 83 90.69 35.93 57.57 50.22 71.88 46.14
Inventory Days 14.74 6.23 10.16 34.61 55.88 76.26 24.64 56.84 36.43 45.75 31.86
Payable days 291.2 309.12 265.73 106.38 42.12 90.65 31.64 48.47 44.84 47.02 22.59
PER(x) 20.09 21.21 14.43 1380.81 0 0 14.55 0 31.43 19.57 12.47
Price/Book(x) 9.65 9.36 5.05 3.88 1.2 0.62 1.1 1.96 3.93 4.55 4.18
Dividend Yield(%) 0.65 0.81 1.34 0.62 0.63 0 0 0 0.39 0.52 0.77
EV/Net Sales(x) 8.7 11.96 8.53 10.12 2.2 1.53 1.47 3.85 3.3 3.74 3.05
EV/Core EBITDA(x) 13.85 14.49 10.93 45.5 -5.68 -5.69 7 -23.69 13.81 11.32 7.9
Net Sales Growth(%) 36.89 4.71 3.52 -34.26 -0.84 -35.76 137.84 -35.74 223.05 36.54 63.86
EBIT Growth(%) 50.63 38.51 -3.56 -91.61 -612.54 42.16 165.3 -258.73 290.17 113.39 109.55
PAT Growth(%) 44.72 36.33 10.91 -99.5 -9934.58 39.44 166.8 -235.72 232.4 139.23 114.83
EPS Growth(%) 41.12 36.86 11.61 -99.19 -6171.07 46.58 164.32 -245.55 222.9 140.31 113.93
Debt/Equity(x) 0 0 0 0 0 0.07 0.05 0.05 0.02 0 0
Current Ratio(x) 2.41 2.79 10.7 8.88 5.5 3.55 5.15 4.7 4.59 5.99 10.34
Quick Ratio(x) 2.35 2.74 10.33 7.99 4.59 3.17 4.69 3.89 3.69 4.4 8.97
Interest Cover(x) 0 0 917.06 45.78 -198.86 -14.86 7.84 -12.25 14.76 67.66 180.17
Total Debt/Mcap(x) 0 0 0 0 0 0.11 0.04 0.02 0.01 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +63% +93% +62% +17%
Operating Profit CAGR +92% +12%
PAT CAGR +117% +11%
Share Price CAGR -6% +18% +31% +3%
ROE Average +40% +27% +15% +18%
ROCE Average +55% +38% +22% +25%

Arrow Greentech Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 64.83 %
FII 0.07 %
DII (MF + Insurance) 0.82 %
Public (retail) 35.17 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 68.668.668.666.7564.8164.8164.8164.8164.8164.83
FII 01.280.210.090.560.270.250.120.140.07
DII 000000.040.110.690.790.82
Public 31.431.431.1833.2535.1935.1935.1935.1935.1935.17
Others 000.220000000
Total 100100100100100100100100100100

Arrow Greentech Peer Comparison

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Arrow Greentech Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Arrow Greentech Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Debtor days have improved from 47.02 to 22.59days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.7 times its book value.
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