Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹446 Cr.
Stock P/E
22.8
P/B
3
Current Price
₹217.5
Book Value
₹ 71.4
Face Value
10
52W High
₹262.2
52W Low
₹ 150.2
Dividend Yield
0.46%

B&B Triplewall Cont. Overview

Business

B&B Triplewall Containers Ltd. (BBTCL) operates in the Paper & Paper Products sector, specializing in the manufacturing of corrugated packaging solutions. Its core business involves producing various types of corrugated boxes, sheets, and related packaging materials, with a likely focus on "triplewall" variants which are known for their enhanced strength and durability, suitable for heavy-duty applications. The company operates on a Business-to-Business (B2B) model, supplying these packaging products to a diverse range of industries such as FMCG, e-commerce, manufacturing, agriculture, and other sectors requiring robust packaging for transport and storage. The company makes money by selling these customized and standard corrugated packaging products.

Revenue Mix

Based on the sector and industry, the primary revenue segment for B&B Triplewall Containers Ltd. is the manufacturing and sale of corrugated packaging products. While specific breakdowns are not provided, it is likely that different grades (e.g., single wall, double wall, triple wall) and customized solutions constitute sub-segments within this core offering. Given the name, triplewall containers likely represent a significant or specialized part of their product portfolio.

Industry

The Indian paper and paper products sector, particularly the packaging segment, is characterized by its fragmentation, with a mix of organized and unorganized players. Demand is driven by industrial output, growth in FMCG, e-commerce, organized retail, and agriculture. Key challenges include raw material price volatility (pulp, waste paper) and intense competition. B&B Triplewall Containers Ltd., as a listed entity, positions itself among the more organized players. Its focus on "triplewall" suggests a specialization in heavy-duty or high-strength packaging, potentially catering to specific industrial or high-value goods segments where robust protection is critical. This could allow it to differentiate from general corrugated box manufacturers, though competition remains from other organized players and regional manufacturers.

MOAT

B&B Triplewall Containers Ltd. may derive competitive advantages from a few factors:

Product Specialization: A focus on "triplewall" technology implies expertise in producing high-strength, durable packaging, potentially commanding a premium in specific niches.

Operational Efficiency: As an organized player, it likely benefits from economies of scale in procurement and manufacturing processes compared to smaller, unorganized competitors.

Customer Relationships: Long-standing relationships with industrial clients built on consistent quality and timely delivery can create a degree of stickiness.

Geographic Proximity: Strategic plant locations near industrial hubs can reduce logistics costs and improve service delivery times for B2B customers.

Growth Drivers

Key factors that can drive growth for B&B Triplewall Containers Ltd. over the next 3-5 years include:

E-commerce Boom: Continued expansion of online retail in India necessitates robust and reliable packaging solutions for logistics.

FMCG and Industrial Growth: Rising disposable incomes and industrial output will drive demand for packaging across consumer goods, electronics, and other manufacturing sectors.

Organized Retail Expansion: Growth in supermarkets and hypermarkets requires standardized and efficient packaging for display and transport.

Sustainable Packaging Trend: As a paper-based product, corrugated packaging benefits from increasing preference for environmentally friendly and recyclable packaging alternatives over plastics.

Value-added Products: Expanding into specialized or customized packaging solutions for niche industries can unlock new revenue streams.

Risks

Raw Material Price Volatility: Fluctuations in the prices of kraft paper, pulp, and waste paper (key raw materials) can significantly impact profit margins if not effectively passed on to customers.

Intense Competition: The fragmented nature of the packaging industry, with numerous players (both organized and unorganized), can lead to pricing pressures and margin erosion.

Economic Slowdown: A downturn in industrial production, consumer spending, or export activities could reduce demand for packaging.

Technological Obsolescence: Failure to invest in modern machinery or adopt new manufacturing techniques could lead to inefficiency compared to peers.

Logistics and Supply Chain Disruptions: Disruptions in transportation or raw material supply chains can impact production and delivery schedules.

Management & Ownership

In India, many listed companies, especially in traditional sectors, are promoter-led. This typically implies that the founding family or a core group holds a significant ownership stake and plays a crucial role in management and strategic decision-making. Such structures can offer long-term vision but also raise questions about corporate governance practices if not managed with transparency. Specific details on the quality of management or the exact ownership structure are not provided in the input, making a detailed assessment difficult without further information.

Outlook

B&B Triplewall Containers Ltd. operates in a sector with structural tailwinds driven by India's economic growth, increasing consumption, and the booming e-commerce market, all of which fuel demand for robust packaging. Its potential specialization in "triplewall" containers could provide a niche advantage in the heavy-duty packaging segment, allowing it to serve industrial clients requiring premium strength solutions. However, the company faces significant challenges from volatile raw material costs and intense competition in a fragmented market. Its ability to maintain profitability will depend on efficient cost management, the capacity to pass on price increases, and continuous innovation in product offerings. The outlook is cautiously optimistic, balancing the strong market demand for packaging against inherent industry-specific operational and competitive pressures.

B&B Triplewall Cont. Share Price

Live · BSE / NSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

B&B Triplewall Cont. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 103 106 121 123 142 152 146 155 162 180
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 103 106 121 124 142 153 147 156 163 181
Total Expenditure 92 98 112 116 126 134 125 133 134 147
Operating Profit 11 8 9 7 16 19 22 23 29 34
Interest 2 2 4 6 6 6 6 6 5 5
Depreciation 3 2 5 11 13 10 10 10 12 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 3 0 -9 -3 2 6 7 12 19
Provision for Tax 2 1 0 -2 -1 1 2 2 3 5
Profit After Tax 4 2 0 -7 -2 2 4 5 9 14
Adjustments -1 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 0 -7 -2 2 5 5 9 15
Adjusted Earnings Per Share 1.2 1.3 0.1 -3.2 -0.9 0.9 2.3 2.4 4.4 7.1

B&B Triplewall Cont. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 313 337 375 492 616 643
Other Income 1 1 1 1 1 0
Total Income 313 338 376 493 618 647
Total Expenditure 268 298 336 452 526 539
Operating Profit 45 39 40 41 92 108
Interest 5 6 7 18 23 22
Depreciation 8 9 10 31 43 41
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 33 24 23 -8 26 44
Provision for Tax 8 6 6 -2 7 12
Profit After Tax 24 18 17 -6 20 32
Adjustments 0 0 1 1 1 0
Profit After Adjustments 24 18 18 -6 21 34
Adjusted Earnings Per Share 11.9 8.7 8.6 -2.7 10.1 16.2

B&B Triplewall Cont. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 88 104 120 111 132
Minority's Interest 0 0 -0 -1 -2
Borrowings 26 83 124 126 106
Other Non-Current Liabilities 1 1 -0 9 15
Total Current Liabilities 71 91 126 175 191
Total Liabilities 187 280 369 420 441
Fixed Assets 54 58 66 238 211
Other Non-Current Assets 19 86 160 6 10
Total Current Assets 114 135 143 176 220
Total Assets 187 280 369 420 441

B&B Triplewall Cont. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 1 0 0
Cash Flow from Operating Activities 8 2 57 23 30
Cash Flow from Investing Activities -12 -64 -107 -38 -7
Cash Flow from Financing Activities 4 64 49 15 -23
Net Cash Inflow / Outflow -0 1 -1 0 0
Closing Cash & Cash Equivalent 0 1 0 0 1

B&B Triplewall Cont. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 11.92 8.74 8.58 -2.7 10.06
CEPS(Rs) 15.84 13.12 13.34 12.2 30.38
DPS(Rs) 1 1 1 0 1
Book NAV/Share(Rs) 43.11 50.78 58.33 54.32 64.4
Core EBITDA Margin(%) 14.27 11.39 10.51 8.13 14.69
EBIT Margin(%) 11.93 9 7.96 2 7.98
Pre Tax Margin(%) 10.42 7.14 6.15 -1.59 4.29
PAT Margin (%) 7.82 5.33 4.5 -1.24 3.2
Cash Profit Margin (%) 10.39 7.99 7.29 5.09 10.11
ROA(%) 13.06 7.68 5.21 -1.55 4.57
ROE(%) 27.64 18.61 15.1 -5.29 16.18
ROCE(%) 25.39 15.87 11 3.03 13.91
Receivable days 59.21 58.76 66.37 61.67 55.23
Inventory Days 58.67 59.95 54.89 47.23 50.4
Payable days 41.23 42.35 50.53 52.77 46.5
PER(x) 20.98 24.79 30.31 0 15.38
Price/Book(x) 5.8 4.27 4.46 2.47 2.4
Dividend Yield(%) 0.4 0.46 0.38 0 0.65
EV/Net Sales(x) 1.83 1.7 1.92 1.02 0.89
EV/Core EBITDA(x) 12.59 14.59 17.88 12.26 6
Net Sales Growth(%) 0 7.66 11.54 31 25.34
EBIT Growth(%) 0 -18.78 -1.31 -67.11 400.2
PAT Growth(%) 0 -26.66 -5.71 -136.15 422.42
EPS Growth(%) 0 -26.66 -1.87 -131.44 473.17
Debt/Equity(x) 0.66 1.26 1.58 2.05 1.78
Current Ratio(x) 1.6 1.48 1.13 1.01 1.15
Quick Ratio(x) 0.89 0.82 0.72 0.58 0.65
Interest Cover(x) 7.92 4.84 4.38 0.56 2.16
Total Debt/Mcap(x) 0.11 0.29 0.35 0.83 0.74

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +25% +22% — —
Operating Profit CAGR +124% +33% — —
PAT CAGR — +4% — —
Share Price CAGR +9% -4% +18% —
ROE Average +16% +9% +14% +14%
ROCE Average +14% +9% +14% +14%

B&B Triplewall Cont. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.76 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 26.24 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 71.4371.4371.4371.4372.0673.7673.7673.7673.7673.76
FII 0000000000
DII 0000000000
Public 28.5728.5728.5728.5727.9426.2426.2426.2426.2426.24
Others 0000000000
Total 100100100100100100100100100100

B&B Triplewall Cont. Peer Comparison

Paper & Paper Products Edit Columns

B&B Triplewall Cont. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

B&B Triplewall Cont. Pros & Cons

Pros

  • Debtor days have improved from 52.77 to 46.5days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
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