WEBSITE BSE:542666 NSE: GKP Inc. Year: 2018 Industry: Packaging My Bucket: Add Stock
Last updated: 10:49
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1. Business Overview
GKP Printing & Packaging Ltd. is an Indian company operating in the packaging sector. Its core business involves manufacturing and supplying a range of packaging materials and solutions. This typically includes various types of printed packaging products such as cartons, labels, flexible packaging, corrugated boxes, and other specialized packaging forms. The company serves a diverse client base across industries like Fast-Moving Consumer Goods (FMCG), pharmaceuticals, food & beverages, personal care, and industrial products. GKP makes money by designing, printing, and converting raw materials into finished packaging solutions that it sells to its business customers.
2. Key Segments / Revenue Mix
Without specific financial reports, a detailed breakdown of GKP Printing & Packaging's revenue mix is not available. However, based on the industry, key segments would likely include:
Folding Cartons: Used for products in FMCG, pharma, food, and consumer durables.
Labels: For product branding and information, across various industries.
Flexible Packaging: Pouches, films, wrappers often used in food, snacks, and personal care.
Corrugated Packaging: For shipping and heavier goods.
The revenue mix would depend on the company's specific product focus and client industry concentration.
3. Industry & Positioning
The Indian packaging industry is fragmented, characterized by a mix of large integrated players, mid-sized regional companies, and numerous small-scale operators. It is a growth-driven sector propelled by increasing consumption, organized retail penetration, e-commerce expansion, and rising disposable incomes. GKP Printing & Packaging Ltd. likely positions itself by offering customized solutions, competitive pricing, quality control, and timely delivery to its client base. Its competitive standing relative to peers would depend on its scale of operations, technological capabilities, geographical reach, and ability to secure long-term contracts with key clients.
4. Competitive Advantage (Moat)
For a company in the packaging sector like GKP, potential competitive advantages (moats) may include:
Customer Relationships: Long-standing relationships and preferred vendor status with key clients can create switching costs and recurring revenue.
Operational Efficiency: Cost leadership achieved through optimized production processes, efficient supply chain management, and economies of scale in procurement.
Specialization/Niche Expertise: Developing expertise in specific packaging types (e.g., pharmaceutical packaging requiring high compliance) or catering to particular industries.
Geographical Proximity: Locating manufacturing units close to client facilities can reduce logistics costs and improve service.
Moderate Capital Intensity: The need for significant investment in printing and converting machinery can act as a barrier to entry for new competitors.
5. Growth Drivers
Key factors that can drive GKP Printing & Packaging's growth over the next 3-5 years include:
Increasing Consumption: Growth in India's population and rising disposable incomes will fuel demand for packaged goods across all categories.
E-commerce Boom: The exponential growth of online retail necessitates robust and diverse packaging solutions for shipping and product protection.
Organized Retail Growth: Expansion of supermarkets and hypermarkets drives demand for high-quality, attractive packaging.
Urbanization & Premiumization: Growing urban populations and a trend towards premium products lead to demand for sophisticated and value-added packaging.
Food Safety & Hygiene: Increased awareness drives demand for safe and hygienic packaging, particularly in food and pharmaceutical sectors.
Product Diversification & Capacity Expansion: Investing in new technologies and expanding manufacturing capacity to cater to new product types or increase market share.
6. Risks
GKP Printing & Packaging faces several business risks:
Raw Material Price Volatility: Significant fluctuations in prices of key raw materials like paperboard, plastic granules, inks, and adhesives can impact profitability if not fully passed on to customers.
Intense Competition: The fragmented nature of the industry leads to price wars and pressure on margins.
Technological Obsolescence: Rapid advancements in packaging technology require continuous investment to remain competitive.
Economic Slowdown: A downturn in consumer spending or industrial activity can directly impact demand for packaging materials.
Client Concentration: Over-reliance on a few large clients can pose a risk if those relationships are disrupted.
Environmental Regulations: Increasing scrutiny and regulations regarding plastic use, recycling, and sustainable packaging may necessitate changes in production processes and material choices.
7. Management & Ownership
In India, many companies like GKP Printing & Packaging Ltd. are typically promoter-driven, meaning the founding family or individuals hold a significant stake and play a crucial role in management and strategic direction. Details regarding specific management quality (e.g., professional experience, track record) and the exact ownership structure (e.g., promoter holding, institutional holding, public shareholding) would require access to the company's annual reports or regulatory filings. The quality of management and their vision for expansion, technological adoption, and financial prudence are critical factors for long-term success.
8. Outlook
GKP Printing & Packaging Ltd. operates in a sector with secular growth tailwinds driven by India's consumption story, urbanization, and the expanding e-commerce ecosystem. This provides a favorable backdrop for consistent demand for its products. The company's ability to maintain strong client relationships, innovate in product offerings, and efficiently manage its cost structure will be key to capitalizing on these opportunities. However, it must navigate risks such as volatile raw material prices, intense competition, and the need for continuous technological upgrades. Managing these challenges while focusing on operational efficiencies and potential capacity expansion will determine its growth trajectory and profitability in a dynamic market.
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Market Cap ₹14 Cr.
Stock P/E 16.2
P/B 0.6
Current Price ₹6.3
Book Value ₹ 10.4
Face Value 10
52W High ₹10.4
Dividend Yield 0%
52W Low ₹ 5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 8 | 5 | 6 | 7 | 8 | 8 | 7 | 6 | 8 | 7 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 8 | 5 | 6 | 7 | 8 | 9 | 7 | 6 | 8 | 7 |
| Total Expenditure | 8 | 5 | 7 | 6 | 7 | 8 | 7 | 6 | 7 | 7 |
| Operating Profit | 0 | 0 | -2 | 0 | 1 | 1 | 1 | 0 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 |
| Profit After Tax | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0 | 0 | -0.9 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.1 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 25 | 27 | 29 | 53 | 56 | 28 | 30 | 28 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 25 | 27 | 29 | 54 | 56 | 28 | 30 | 28 |
| Total Expenditure | 21 | 26 | 28 | 52 | 54 | 29 | 28 | 27 |
| Operating Profit | 4 | 1 | 2 | 2 | 2 | -1 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 1 | 1 | 1 | 1 | -2 | 1 | 0 |
| Provision for Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 3 | 1 | 1 | 1 | 1 | -2 | 1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 1 | 1 | 1 | 1 | -2 | 1 | 0 |
| Adjusted Earnings Per Share | 1.6 | 0.3 | 0.4 | 0.4 | 0.4 | -0.8 | 0.4 | 0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 7% | -17% | 2% | 0% |
| Operating Profit CAGR | 0% | 0% | 15% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -2% | -22% | -9% | NA% |
| ROE Average | 4% | -0% | 1% | 5% |
| ROCE Average | 5% | 2% | 3% | 8% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 11 | 21 | 22 | 22 | 23 | 22 | 22 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 2 | 1 |
| Other Non-Current Liabilities | -0 | -0 | 0 | -0 | 1 | 0 | 0 |
| Total Current Liabilities | 5 | 6 | 9 | 15 | 13 | 10 | 12 |
| Total Liabilities | 16 | 27 | 31 | 38 | 37 | 34 | 36 |
| Fixed Assets | 1 | 1 | 1 | 2 | 3 | 6 | 6 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Total Current Assets | 16 | 26 | 30 | 35 | 33 | 27 | 29 |
| Total Assets | 16 | 27 | 31 | 38 | 37 | 34 | 36 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 3 | 1 | 2 | 3 | 2 | 2 |
| Cash Flow from Operating Activities | -5 | -10 | 2 | 3 | 1 | 1 | 1 |
| Cash Flow from Investing Activities | -1 | -0 | -0 | -2 | -2 | -3 | -0 |
| Cash Flow from Financing Activities | 9 | 9 | -1 | -0 | 1 | 2 | -1 |
| Net Cash Inflow / Outflow | 3 | -2 | 1 | 1 | -0 | -0 | -0 |
| Closing Cash & Cash Equivalent | 3 | 1 | 2 | 3 | 2 | 2 | 2 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.63 | 0.35 | 0.35 | 0.37 | 0.39 | -0.81 | 0.39 |
| CEPS(Rs) | 1.69 | 0.43 | 0.48 | 0.51 | 0.66 | -0.5 | 0.78 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 7.14 | 9.54 | 9.84 | 10.21 | 10.6 | 9.8 | 10.18 |
| Core EBITDA Margin(%) | 13.55 | 3.74 | 4.86 | 2.57 | 3.22 | -2.83 | 6.05 |
| EBIT Margin(%) | 14.54 | 3.92 | 4.6 | 2.37 | 2.39 | -4.79 | 4.02 |
| Pre Tax Margin(%) | 14.52 | 3.84 | 3.71 | 2.07 | 2.11 | -6.26 | 2.83 |
| PAT Margin (%) | 10.48 | 2.86 | 2.65 | 1.52 | 1.53 | -6.29 | 2.83 |
| Cash Profit Margin (%) | 10.86 | 3.57 | 3.61 | 2.09 | 2.58 | -3.88 | 5.72 |
| ROA(%) | 15.91 | 3.53 | 2.68 | 2.36 | 2.29 | -4.96 | 2.42 |
| ROE(%) | 22.79 | 4.72 | 3.64 | 3.67 | 3.75 | -7.91 | 3.87 |
| ROCE(%) | 31.57 | 6.38 | 6.24 | 5.69 | 5.8 | -5.63 | 4.95 |
| Receivable days | 109.46 | 163.29 | 213.57 | 142.57 | 148.85 | 204.79 | 149.9 |
| Inventory Days | 13.47 | 12.29 | 20.7 | 25.93 | 36.68 | 82.91 | 75.76 |
| Payable days | 75.61 | 76.44 | 108.11 | 93.82 | 109.22 | 171.24 | 154.36 |
| PER(x) | 0 | 26.86 | 28.34 | 250.02 | 27.63 | 0 | 12.84 |
| Price/Book(x) | 0 | 0.98 | 1.02 | 9.02 | 1.02 | 0.97 | 0.49 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.11 | 0.75 | 0.7 | 3.75 | 0.39 | 0.76 | 0.38 |
| EV/Core EBITDA(x) | 0.74 | 16.14 | 12.54 | 127.5 | 11.25 | -32.19 | 5.48 |
| Net Sales Growth(%) | 0 | 8.31 | 9.9 | 82.46 | 5.01 | -49.7 | 6.81 |
| EBIT Growth(%) | 0 | -70.82 | 29.08 | -6.16 | 6.06 | -200.69 | 189.71 |
| PAT Growth(%) | 0 | -70.44 | 1.92 | 4.42 | 5.96 | -306.59 | 147.99 |
| EPS Growth(%) | 0 | -78.73 | 1.91 | 4.41 | 5.97 | -306.58 | 147.99 |
| Debt/Equity(x) | 0 | 0.02 | 0 | 0.01 | 0.01 | 0.13 | 0.1 |
| Current Ratio(x) | 3.17 | 4.66 | 3.22 | 2.3 | 2.46 | 2.6 | 2.39 |
| Quick Ratio(x) | 2.98 | 4.5 | 2.96 | 1.96 | 2.01 | 1.95 | 1.92 |
| Interest Cover(x) | 744.77 | 47.86 | 5.17 | 7.98 | 8.51 | -3.24 | 3.38 |
| Total Debt/Mcap(x) | 0 | 0.02 | 0 | 0 | 0.01 | 0.13 | 0.2 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 | 52.96 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 | 47.04 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 |
* The pros and cons are machine generated.
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