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Dhaval Packaging Ltd (544854)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544854 NSE: Packaging | Small Cap | Dhaval Packaging Share Price

₹108 0.00 (0.00%)

As on 14-Aug'26 16:59

Dhaval Packaging Ltd (544854)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544854 NSE: Packaging | Small Cap | Dhaval Packaging Share Price

₹108 0.00 (0.00%)

As on 14-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹148 Cr.
Current Price
₹108
52-Week Low / High
₹106 / 114
TTM EPS
₹5.9
TTM Sales
₹65 Cr.
Book Value per Share
₹48.7
P/E Ratio
18.45
In line with its 5-year historical median
Industry PE
21.9
Price to Book (P/B)
2.22
In line with its 5-year historical median
Price to Sales (P/S)
2.28
In line with its 5-year historical median
EV/EBITDA
11.88
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
31.86%
Outperforms industry median
Return on Capital Employed (ROCE)
27.95%
Outperforms industry median
Return on Assets (ROA)
14.06%
Operating Profit Margin
21.7%
Net Profit Margin
12.36%
Gross Profit Margin
18.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.44%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
37.96%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.11%
Asset Quality
Promoter Holding
66.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹53 Cr.
Equity
₹13.7 Cr.
Face Value
₹10
All Time Low / High
₹106.00 / 114.00

Dhaval Packaging stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Dhaval Packaging Ltd a good quality company?
Dhaval Packaging 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 Dhaval Packaging Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dhaval Packaging Ltd vs industry peers?
Dhaval Packaging Ltd revenue CAGR is 14.84%, compared to the industry median CAGR of 5.73%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Dhaval Packaging Ltd?
Promoters hold 66.06% of the Dhaval Packaging Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dhaval Packaging Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% 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.
Dhaval Packaging 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'23Mar'24Mar'25Mar'26TTM
ROCE % 7.5%14.9%31.6%28%-
Value Creation
Index
-0.50.11.31.0-

Growth Parameters

Sales 42.94852.36565
Sales YoY Gr.-11.8%8.9%24.4%-
Adj EPS 0.61.96.285.9
YoY Gr.-252.7%220.1%29%-
BVPS (₹) 3.25.120.630.648.7
Adj Net
Profit
0.41.6688
Cash Flow from Ops. 1.90.74.46.7-
Debt/CF from Ops. 7.429.33.83.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA14.8%24.4%
Adj EPS NANA144.2%29%
BVPSNANA112.4%48.4%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
17.346.649.531.414.8
Op. Profit
Mgn %
610.419.621.7NAN
Net Profit
Mgn %
13.211.512.312.4
Debt to
Equity
5.54.70.80.8-
Working Cap
Days
01151261280
Cash Conv.
Cycle
03848590

Valuation of Dhaval Packaging - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales43485265
Operating Expenses + 40434251
Manufacturing Costs45610
Material Costs34363337
Employee Cost 1122
Other Costs 1112
Operating Profit 351014
Operating Profit Margin (%) 6.0%10.4%19.6%21.7%
Other Income + 0000
Exceptional Items 0000
Interest 1112
Depreciation 2212
Profit Before Tax 12811
Tax 0023
Profit After Tax 1268
PAT Margin (%) 1.2%3.2%11.6%12.4%
Adjusted EPS (₹)0.61.96.38.1
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 342031
Share Capital 22210
Reserves 121821
Debt +13181420
Long Term Debt1014710
Short Term Debt24710
Minority Interest0000
Trade Payables9787
Others Liabilities 5558
Total Liabilities 29344866

Fixed Assets

Net Fixed Assets +14152229
Gross Block20233139
Accumulated Depreciation68911
CWIP 0139
Investments 0000
Inventories781214
Trade Receivables6658
Cash Equivalents 1223
Others Assets 2133
Total Assets 29344866
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2147
PBT 12811
Adjustment 2323
Changes in Working Capital -1-4-5-6
Tax Paid -0-0-1-1
Cash Flow From Investing Activity + -7-4-10-14
Capex -7-4-10-14
Net Investments 0000
Others 0000
Cash Flow From Financing Activity + 5468
Net Proceeds from Shares 10103
Net Proceeds from Borrowing 53-65
Interest Paid -1-1-1-2
Dividend Paid 0000
Others 0232
Net Cash Flow -01-01
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.9546.6250.2931.86
ROCE (%)7.514.9231.5827.95
Asset Turnover Ratio1.471.521.281.14
PAT to CFO Conversion(x)20.50.670.88
Working Capital Days
Receivable Days51.2046.6040.7037.70
Inventory Days56.3056.3070.9073.90
Payable Days96.1080.9082.7075.40

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Announcements

Dhaval Packaging Ltd FAQs

The current trading price of Dhaval Packaging on 14-Aug-2026 16:59 is ₹108.0.

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 13-Aug-2026 the market cap of Dhaval Packaging stood at ₹148.4 Cr

The latest P/E ratio of Dhaval Packaging as of 13-Aug-2026 is 18.45.

The latest P/B ratio of Dhaval Packaging as of 13-Aug-2026 is 2.22.

The 52-week high of Dhaval Packaging is ₹114.0 and the 52-week low is ₹106.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhaval Packaging is ₹65.03 ( Cr.) .

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

The key valuation ratios of Dhaval Packaging Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Dhaval Packaging Ltd

Dhaval Packaging was incorporated as a Private Limited Company in the name ‘Dhaval Packaging Private Limited’, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated November 02, 2015 issued by the Assistant Registrar of Companies, Gujarat.

Dhaval Packaging designs, manufactures, and supplies plastic packaging solutions for domestic and international markets. Its core philosophy is to translate brand intent into manufacturable and scalable packaging solutions for food and FMCG categories such as sweets, dairy, dry fruits, bakery and other related items. It positions itself as a solutions partner that aligns design, materials, labelling, and tooling with production realities so that packaging enhances shelf presence, protects product integrity, and supports reliable throughput on customer lines.

The company is certified for key international management standards, reflecting its focus on quality, environmental responsibility, workplace safety, and process reliability. The Company holds ISO 14001:2015 certification for its Environmental Management System, ISO 9001:2015 certification for its Quality Management System, and ISO 45001:2018 certification for Occupational Health and Safety Management Systems, each covering the scope of manufacturing Plastic IML (In-Mold Labeling) food containers, plastic food containers, Plastic IML sweet boxes, plastic square boxes, plastic lids, plastic spoons, plastic trays, and plastic end caps. 

In addition, the company is certified under ISO/IEC 17025:2017 for compliance with general requirements for the competence of testing and calibration laboratories, further strengthening its commitment to maintaining testing accuracy and product quality across its manufacturing operations. Its products span two categories, including IML Containers and SAW (Submerged Arc Welded) Pipe Protection Plastic Caps (End Caps).

Business area of the company

Dhaval Packaging is engaged in the business of manufacturing and trading of plastic packaging materials, pipe protection material and related products. It primarily caters to industrial clients across various sectors requiring customized packaging solutions.

Products of the company

IML Containers

  • Round containers
  • Hexagonal containers - lock type
  • Rectangle containers
  • Square containers - lock type
  • Specialty containers
  • Round glasses

End caps

  • Polyethylene plugs
  • Recessed caps
  • Large-size caps
  • Customized caps

History and milestones

  • 2015: Incorporation of the Company with Registered Office at Plot No. E 411, GIDC, Sanand, Ahmedabad, Gujarat, India.
  • 2016: Establishment of our First Factory at Plot No. E 411, GIDC, Sanand, Ahmedabad, Gujarat, 382110, India; Introduction of new Production line with Automated Robotic process for manufacturing IML plastic containers for Food Packaging Industries.
  • 2016: Introduction of new product line i.e., the SAW pipe protection plastic cap (End Caps) segment. Received the first order for End Caps.
  • 2022: Commenced export operations to Malaysia and Mauritius.
  • 2022: Establishment of its second factory unit at Plot No. E-413, Sanand-II Industrial Estate, GIDC, Sanand, Ahmedabad, Gujarat.
  • 2023: Expanded global presence by starting export operations in Canada, Dubai, and Qatar. 
  • 2025: Crossed Rs 5,000 lakh in Revenue/Turnover. 
  • 2025: Reached a total of 21 Injection Molding Machines and production of 8,000 kg per day. 
  • 2025: Commenced export operations to Australia. 
  • 2025: The Company was Converted from Private Limited Company to Public Limited Company.

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