Kanpur Plastipack
202.87
-4.87(-2.34%)
Market Cap₹455.90 Cr
PE Ratio16.16
Company Performance:
1D-2.34%
1M+0.72%
6M+75.97%
1Y+65.78%
5Y+141.51%
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More news about Kanpur Plastipack
15May 25
Kanpur Plastipack Reports Strong Q4 Performance with Significant Profit Growth
Kanpur Plastipack Ltd, a leading FIBC manufacturer, reported exceptional Q4 financial results. Profit Before Tax surged 363.33% to ₹139.00 crore, EBITDA rose to ₹179.00 crore with margin improvement to 9.78%, and revenue grew 14.38% to ₹1,830.00 crore. The company reported an exceptional item of ₹116.00 crore. Quarter-on-quarter analysis shows significant improvements across all metrics, with net profit increasing by 358.82% and EPS rising from ₹0.77 to ₹3.63.
12May 25
Kanpur Plastipack to Consider Fund Raising in Upcoming Board Meeting
Kanpur Plastipack Ltd. has scheduled a board meeting for May 15, 2023, to explore and potentially approve fund-raising initiatives through equity or other securities. The meeting will focus on discussing various capital-raising avenues, which could indicate plans for expansion, debt reduction, or other strategic moves. While specific details are yet to be disclosed, the outcome of this meeting could significantly impact the company's financial structure and future growth prospects.
13Mar 25
Kanpur Plastipack Divests CPP Division to SRF for ₹49.25 Crore
Kanpur Plastipack Ltd has entered into an assets purchase agreement with SRF Limited to sell its Cast Polypropylene (CPP) Division for ₹49.25 crore. The sale includes plant and machinery, representing about 10.36% of the company's total assets. This strategic move may indicate a focus on streamlining operations and improving financial flexibility.
11Mar 25
Kanpur Plastipack to Sell CPP Division for ₹49.25 Crore in Strategic Move
Kanpur Plastipack Limited's Board has approved the sale of its Cast Polypropylene (CPP) Division to SRF Limited for ₹49.25 crore. The sale, expected to complete by October 30, 2025, includes plant and machinery located in Kanpur Dehat. The CPP Division contributed 4.08% to the company's turnover but negatively impacted net worth in FY 2023-24. The divestment is due to non-viability of manufacturing operations and requires shareholder approval.
Kanpur Plastipack
202.87
-4.87
(-2.34%)
1 Year Returns:+65.78%
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