MoneyWorks4Me

AGI Greenpac Ltd (AGI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500187 NSE: AGI Packaging | Small Cap | AGI Greenpac Share Price

₹762.30 -10.75 (-1.39%)

As on 11-Sep'26 16:59

AGI Greenpac Ltd (AGI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500187 NSE: AGI Packaging | Small Cap | AGI Greenpac Share Price

₹762.30 -10.75 (-1.39%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,932 Cr.
Current Price
₹762.3
52-Week Low / High
₹444 / 938
TTM EPS
₹56
TTM Sales
₹2,763 Cr.
Book Value per Share
₹387.5
P/E Ratio
13.62
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
1.97
Lower than its 5-year historical median
Price to Sales (P/S)
1.78
In line with its 5-year historical median
EV/EBITDA
7.61
Lower than its 5-year historical median
Dividend Yield
0.92%
Profitability Efficiency
Return on Equity (ROE)
15.61%
Outperforms industry median
Return on Capital Employed (ROCE)
17.97%
Outperforms industry median
Return on Assets (ROA)
9.98%
Operating Profit Margin
22.3%
Net Profit Margin
13.19%
Gross Profit Margin
24%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-2.55%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.07%
Asset Quality
Promoter Holding
60.39%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,494 Cr.
Equity
₹12.9 Cr.
Face Value
₹2
All Time Low / High
₹3.18 / 1300.00

AGI Greenpac stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is AGI Greenpac Ltd a good quality company?
AGI Greenpac Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does AGI Greenpac Ltd performance compare with that of its Peers?
Q.1 Revenue growth of AGI Greenpac Ltd vs industry peers?
AGI Greenpac Ltd revenue CAGR is 6.14%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of AGI Greenpac Ltd?
Promoters hold 60.39% of the AGI Greenpac Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of AGI Greenpac Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
AGI Greenpac Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 8.4%6.4%3.4%6.8%8.5%8.9%14.8%17.9%19.4%18%-
Value Creation
Index
-0.4-0.6-0.8-0.5-0.4-0.40.10.30.40.3-

Growth Parameters

Sales 2,0722,2501,6051,8591,2601,4302,2812,4182,5292,6652,763
Sales YoY Gr.-8.6%-28.7%15.9%-32.2%13.5%59.6%6%4.6%5.4%-
Adj EPS 14.4112.48.916.513.640.338.147.152.756.1
YoY Gr.--23.6%-78.3%275.6%84.5%-17.5%195.8%-5.5%23.7%12.1%-
BVPS (₹) 200.6206173.7173.9190.7215.2248.3280.5324.2372.2387.6
Adj Net
Profit
10479.317.264.610788.1260246304341363
Cash Flow from Ops. 20557.7250107349181523588429572-
Debt/CF from Ops. 4.521.33.59.32.66.41.41.11.70.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.8%16.2%5.3%5.4%
Adj EPS 15.6%26.2%9.4%12.1%
BVPS7.1%14.3%14.4%14.8%
Share Price 8.4% 25.7% 2.8% -9.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.35.41.35.18.66.717.414.415.615.114.8
Op. Profit
Mgn %
14.112.111.31621.118.820.923.224.122.422.7
Net Profit
Mgn %
53.51.13.58.56.211.410.21212.813.1
Debt to
Equity
0.60.80.70.80.70.80.50.30.40.2-
Working Cap
Days
17716824116927029617513313714474
Cash Conv.
Cycle
10999143881341085443578424

Valuation of AGI Greenpac - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Sales1,4631,7611,8581,9811,9792,0752,2532,7122,5292,665
Operating Expenses + 1,2131,5031,6051,6481,6631,7881,9812,3961,9202,072
Manufacturing Costs398552552467425458520633809903
Material Costs4745436487327638058891,133754775
Employee Cost 140168176198251287309361218252
Other Costs 201240230251225238263270139142
Operating Profit 250259253333315287272316609594
Operating Profit Margin (%) 17.1%14.7%13.6%16.8%15.9%13.8%12.1%11.6%24.1%22.3%
Other Income + 544415510308096
Exceptional Items 0240000-7-00-5
Interest 42697278413356878548
Depreciation 6593110125115111114151177171
Profit Before Tax 14812475134174147105107427466
Tax 5442414866473137104114
Profit After Tax 948234851081007470322352
PAT Margin (%) 6.4%4.7%1.8%4.3%5.5%4.8%3.3%2.6%12.8%13.2%
Adjusted EPS (₹)14.212.45.111.815.013.910.39.749.854.4
Dividend Payout Ratio (%)21.20%24.20%58.30%29.60%26.70%28.80%39%31%14.10%12.90%
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9671,0261,0281,3231,3861,4471,4871,5132,0982,407
Share Capital 13131314141414141313
Reserves 9541,0131,0151,3091,3721,4321,4731,4982,0852,394
Debt +7919339495765018211,1601,158622385
Long Term Debt542587552359208317523753378135
Short Term Debt249347397218292504637405244249
Minority Interest0000000000
Trade Payables122162150145155197217264163172
Others Liabilities 476574661746613621609625614588
Total Liabilities 2,3562,6962,7882,7902,6553,0853,4743,5603,4963,552

Fixed Assets

Net Fixed Assets +1,1971,5051,5191,5881,5141,5241,6811,9501,5561,552
Gross Block1,5451,9432,0702,2631,6281,7472,0172,4282,5072,658
Accumulated Depreciation3484385516751132233354789511,106
CWIP 333621193463152209121103195
Investments 111111112913633203598
Inventories306407444474490492564570399457
Trade Receivables244389419414390398514588396394
Cash Equivalents 73826025201442406136485
Others Assets 191240215244149239232250642770
Total Assets 2,3562,6962,7882,7902,6553,0853,4743,5603,4963,552
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Cash Flow From Operating Activity + 1543116226431120455329429571
PBT 14812475134174147105107427466
Adjustment 102133181195153146164222236215
Changes in Working Capital -59-191-78-2555-16-18016-115-7
Tax Paid -38-34-16-39-71-73-34-16-119-102
Cash Flow From Investing Activity + -490-75-189-92-66-329-183-322-442-109
Capex -514-117-191-95-74-329-184-325-247-390
Net Investments 2242000000-5-59
Others 2-0228013-190340
Cash Flow From Financing Activity + 387514-207-247248224-185-190-413
Net Proceeds from Shares 000245000000
Net Proceeds from Borrowing 2574549-171-253104179168-119-281
Interest Paid -40-67-72-79-43-33-52-86-85-53
Dividend Paid -16-20-20-20-25-29-29-29-39-45
Others 1879347-18275206126-23852-33
Net Cash Flow 516-22-35-312396-178-20449
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Ratios
ROE (%)11.418.233.317.278.017.085.054.6717.8615.61
ROCE (%)13.099.926.969.8810.468.266.347.218.4917.97
Asset Turnover Ratio0.830.750.730.760.780.780.70.770.720.76
PAT to CFO Conversion(x)1.640.384.763.112.882.040.744.71.331.62
Working Capital Days
Receivable Days47.5060.8073.9071.5068.9064.5072.7074.1070.9054
Inventory Days61.5068.4077.8078.9082.7080.4084.3076.3069.8058.50
Payable Days79.9095.5088.1073.7071.7079.608577.60103.4078.90

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AGI Greenpac Ltd FAQs

The current trading price of AGI Greenpac on 11-Sep-2026 16:59 is ₹762.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of AGI Greenpac stood at ₹4,931.9 Cr

The latest P/E ratio of AGI Greenpac as of 10-Sep-2026 is 13.59.

The latest P/B ratio of AGI Greenpac as of 10-Sep-2026 is 1.97.

The 52-week high of AGI Greenpac is ₹938.1 and the 52-week low is ₹444.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AGI Greenpac is ₹2,763 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that AGI Greenpac Ltd is a below average quality company.

The key valuation ratios of AGI Greenpac Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of AGI Greenpac Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About AGI Greenpac Ltd

AGI Greenpac was incorporated as Hindustan Twyfords in 1960 by the Somany family (promoter group) in collaboration with Twyfords, UK, to introduce vitreous china ceramic sanitaryware in India. The Company changed its name to Hindustan Sanitaryware & Industries in 1969 and has since been popularly known as ‘HSIL’. In March 2009, the company name changed to HSIL. On May 11, 2022, the company’s name has been changed to AGI Greenpac.

The company’s pioneering zeal and its pursuit of excellence have been the defining traits of its journey over the years. It has been its steadfast ambition to deliver only the best, and this holds true when it comes to the Packaging Products business.

The company entered the venture in 1981, with the acquisition of ‘The Associated Glass Industries Limited’ (AGI), and diversified into the manufacturing of PET bottles with the acquisition of Garden Polymers Private Limited (GPPL) in 2011.

The company commenced the production of security caps and closures under the brand ‘AGI Clozures’ since 2018, further bolstering its portfolio with patented and technologically superior products that prevent counterfeiting of packaged products in liquor and edible oil industries. It has relied on its deep industry knowledge, top engineering calibre, design excellence and technology adoption to deliver products which are world class and cater to consumer needs across industries.

Business area of the company

The company is engaged in the production of various packaging products including glass containers, speciality glass products, polyethylene terephthalate (PET) bottles and products, and security caps and closures. Over the years, its state-of-the-art manufacturing capabilities and its concerted efforts to deliver a wide range of best in-class products have enabled its to consolidate its position among the top packaging products companies in the country and as a leader in glass container packaging.

Certifications

  • DMF - Quality Assurance for supply to US pharmaceutical market
  • ISO 15378:2011 and 2017 - Quality Management System to provide primary packaging material for medicinal products
  • FSSC 22000 - Food Safety System
  • ISO 9001:2008 and 2015 - Quality Management System
  • ISO 14001:2015 - Environment Management System
  • OHSAS 18001: 2007 - Occupational Health and Safety Management System

Manufacturing Output

AGI Glaspac

  • Soft drink
  • Beer
  • Liquor
  • Wine
  • Pharma
  • Chemicals
  • Retail
  • FMCG
  • Cosmetics
  • Perfumery

AGI Plastek

  • PET bottles
  • High Density Polyethylene (HDPE) bottles
  • Polypropylene (PP) products

AGI Clozures

  • Counterfeit-resistant security caps and closures

Awards

FY2018-19

  • Moonbow by Hindware was awarded the title of ‘The Extraordinaire Brand, 2018’ by Nexbrands Inc. in February 2019.
  • Moonbow was also awarded ‘The Economic Times Best Lifestyle Brand, 2018’ award in February 2019. This acknowledged Moonbow as a class-leading lifestyle brand that represents all things modern, smart, aesthetically appealing and futuristic.

FY2019-20

  • Double Gold at SIP Awards, California for Labrodog and Three Monkeys Whiskey.
  • Recognised as Strategic Partner and Most Innovative Designs by ABInBev.
  • Bhongir plant secured 5-star rating at CII - SR EHS Excellence Awards, 2019.
  • Hyderabad plant awarded 4-star rating at CII - SR EHS Excellence Awards, 2019.
  • Nestle India awarded ‘Valued Supply Partner’ and membership of the ‘Golden Circle’.
  • ‘A’ category supplier by GSK Pharma

FY2020-21

  • AGI Glaspac-Hyderabad Unit won the Best Safety Systems Excellence Awards from FICCI.
  • AGI Clozure won ‘Excellence in Product Innovation’ Award from the Federation of Telangana Chambers of Commerce and Industry- FTCCI Excellence Awards-2019.

FY2021-22

  • Received National Feather Awards in ‘Best in Class Manufacturing Award - Glass Manufacturing’.
  • Bhongir plant was awarded ‘The Golden Peacock Environment Management Award’.
  • Received SADEX/SMETA certification for its Dharwad plant.
  • Great Place to Work Certification.

History and milestones

  • 1960:  Hindustan Sanitaryware & Inds Ltd (HSIL) was incorporated as Hindustan Twyfords Ltd in 1960 by the Somany Group in collaboration with Twyfords, Ltd., UK., to introduce Vitreous China Ceramic Sanitaryware for the first time in India.
  • 1962:  Sanitaryware plant was commissioned at Bahadurgarh and the plant was inaugurated by the then Chief Minister of Punjab Sardar Kairon.
  • 1981:  HSIL acquired Associated Glass Industries Limited (AGI), a loss making and closed company at Hyderabad.
  • 1989:  HSIL acquired Krishna Ceramics Ltd, manufacturers of Sanitaryware at Bibinagar (AP), a loss making company
  • 1990:  HSIL installs first state of the art open flame tunnel kiln from UK to bring in the latest technology for firing of Sanitaryware.
  • 1998:  HSIL receives Quality Management Systems certification. ISO 9002 
  • 1999: Rated one of Forbes Global 100 Best Small & Medium Companies (Revenues less than U.S.$500 million per annum).  1999:  HSIL acquired Raasi Ceramics at Hyderabad to further strengthen its market share in the South
  • 1999:  HSIL receives Environment Management Systems EN ISO 14001
  • 2001 HSIL receives Quality Management Systems certification. ISO 9001:2000.
  • 2003:  HSIL signs a strategic partnership with Sanitec of Europe to bring in their largest selling European brand 'KERAMAG' to India.
  • 2003:  HSIL receives OHSAS 18001: 1999 certifications.
  • 2004:  HSIL is awarded 'Business Superbrand ' by the super Brand Council.
  • 2005:  HSIL voted the fastest growing building products company in sanitaryware & tiles category by Construction World Magazine 
  • 2006:  HSIL signs strategic partnership with 'TEUCO' the world leaders in Wellness Products to offer complete range of wellness products in India.
  • 2006:  Trusted by millions of household, Hindware awarded ‘Consumer Validated Super brand’ status. Award given by London based brand institute. Hindware is awared 'Consumer Superbrand' by the Super Brand Council.
  • 2006:  Hindware receives the 'Mera Brand Award' - Indias Most preferred brand.
  • 2006:  Hindware rated 75th amongst “The 100 most valuable brands in India” by the 4P’s journal (the only bathroom brand in this selection).
  • 2007:  HSIL forays, through its subsidiary - Hindware Home Retail Pvt Ltd, into the retail sector. Launches Home Interior Fashion Mega stores providing speciality home interior solutions under the EVOK Brand.
  • 2007:  HSIL figures Most Admired 100 companies list by 4P B&M magazine.
  • 2007:  Hindware rated 75th amongst “The 100 most valuable brands in India” by the 4P’s journal (the only bathroom brand in this selection). 
  • 2007:  Hindware Receives Readers Digest Trusted Brand GOLD Award.
  • 2007:  HSIL voted the fastest growing building products company in sanitaryware & tiles category by Construction World Magazine 3 years continuously 2005-07. 
  • 2008:  The first EVOK store is opened at Faridabad, Haryana.
  • 2008:  The Second EVOK store gets started at Delhi.
  • 2008:  Hindware Receives Readers Digest Trusted Brand GOLD Award.
  • 2008:  Hindware Poncho Design for Kids awarded the Elle Decor International Design Award.
  • 2009:  HSIL sets up second green field container glass factory at Bhongir, Andhra Pradesh with a production capacity of 425 tonnes/ day.
  • 2009:  Hindustan Sanitaryware & Inds Ltd is renamed as HSIL LIMITED   2009:  'Hindware Lacasa' the companys First brand store opens at Cochin. 
  • 2009:  Trusted by millions of household, Hindware awarded ‘Consumer Validated Super brand’ status. Award given by London based brand institute. Hindware is awared 'Consumer Superbrand' by the Super Brand Council Only sanitaryware brand to get the award
  • 2009:  Hindware Receives Readers Digest Trusted Brand PLATINUM Award, Only Sanitaryware Company to get the Platinum Award
  • 2009:  HSIL wins the Golden Peacock Environment Management Award.  2009:  EVOK opens it next store at Gurgaon and Gaziabad
  • 2009:  'Hindware Lacasa' the companys second brand store opens at Mumbai.
  • 2010: HSIL - Acquisition in UK.
  • 2011: Hind Sanitry - Share Purchase Agreement with M/s Garden Poly.- Hindware launches a vibrant new Identity.
  • 2012: Became the first Indian company to be felicitated with the UPC star rating by the International Association of Plumbing and Mechanical officials (IAPMO).
  • 2013: Honoured with the ‘Best Bathroom Fixtures’ Good Homes Award by ZEE channel.
  • 2018-19: Launched two new air coolers - Snowcrest 24 HG and Snowcrest 23 HO to cater to modern, e-commerce and general trade. These launches took the total SKU’s to 26.
  • 2018-19: Launched brand Hindware Calisto, in alliance with e-commerce major, Flipkart.
  • 2019-20: Installed robotic system to increase efficiency and consistency that further enhance the quality of the products.
  • 2019-20: Set up pressure casting machines for wash basins, increasing productivity in terms of effective space utilisation, and lowering dependence on manual labour.
  • 2020-21: Received SADEX/SMETA certification for Selaqui plant.
  • 2021-22: Commissioned a new cullet sorting machine at Bhongir to improve cullet quality and availability, which would enable it to increase the usage of cullet in the furnace from 35% to 45%.
  • 2021-22: Inaugurated 996.96 kWp grid-connected rooftop solar power unit at its Hyderabad plant on 8 May 2021; it is expected to generate 1,348 MWh/year solar power and help reduce 804 tonnes of CO2 emission/year.
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