MoneyWorks4Me

Knack Packaging Ltd (KNACK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544814 NSE: KNACK Packaging | Small Cap | Knack Packaging Share Price

₹183.40 -3.55 (-1.90%)

As on 11-Sep'26 16:59

Knack Packaging Ltd (KNACK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544814 NSE: KNACK Packaging | Small Cap | Knack Packaging Share Price

₹183.40 -3.55 (-1.90%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,244 Cr.
Current Price
₹183.4
52-Week Low / High
₹180 / 222
TTM EPS
₹7.6
TTM Sales
₹823 Cr.
Book Value per Share
₹59
P/E Ratio
24.20
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
3.11
Lower than its 5-year historical median
Price to Sales (P/S)
2.73
Lower than its 5-year historical median
EV/EBITDA
14.10
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
35.47%
Return on Capital Employed (ROCE)
31.77%
Return on Assets (ROA)
17.10%
Operating Profit Margin
18.5%
Net Profit Margin
11.26%
Gross Profit Margin
18.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
11.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.87%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
25.62%
Asset Quality
Promoter Holding
70.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹600 Cr.
Equity
₹122.4 Cr.
Face Value
₹10
All Time Low / High
₹180.25 / 221.90

Knack Packaging stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Knack Packaging Ltd a good quality company?
Knack Packaging Ltd is a average quality company, based on a somewhat consistent 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 Knack Packaging Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Knack Packaging Ltd vs industry peers?
Knack Packaging Ltd revenue CAGR is 16.67%, 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 Knack Packaging Ltd?
Promoters hold 70.59% of the Knack Packaging Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Knack 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.
Knack Packaging Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'24Mar'25Mar'26TTM
ROCE % 23.9%32%30.8%-
Value Creation
Index
0.71.31.2-

Growth Parameters

Sales 643727810810
Sales YoY Gr.-13.1%11.4%-
Adj EPS 4.26.67.87.3
YoY Gr.-57.1%17.7%-
BVPS (₹) 14.421.530.558.6
Adj Net
Profit
426677.789
Cash Flow from Ops. 33.392.790.5-
Debt/CF from Ops. 5.21.92.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA11.4%
Adj EPS NANANA17.7%
BVPSNANANA41.8%
Share Price - - - -

Key Financial Parameters

Mar'24Mar'25Mar'26TTM
Return on
Equity %
29.136.829.916.4
Op. Profit
Mgn %
14.917.91818.7
Net Profit
Mgn %
6.59.19.611.1
Debt to
Equity
1.20.80.6-
Working Cap
Days
01281420
Cash Conv.
Cycle
081830

Valuation of Knack Packaging - Consolidated

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

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

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

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

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales518655736823
Operating Expenses + 464558603671
Manufacturing Costs41575876
Material Costs342393445479
Employee Cost 32464247
Other Costs 49625869
Operating Profit 5597133152
Operating Profit Margin (%) 10.6%14.8%18.1%18.5%
Other Income + 041120
Exceptional Items 000-1
Interest 10151716
Depreciation 18242829
Profit Before Tax 266299125
Tax 6162532
Profit After Tax 20467493
PAT Margin (%) 3.8%7.0%10.0%11.3%
Adjusted EPS (₹)2.04.67.49.3
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 95141215308
Share Capital 555100
Reserves 90136210208
Debt +113157151173
Long Term Debt47565039
Short Term Debt65101101134
Minority Interest0000
Trade Payables30413543
Others Liabilities 37536891
Total Liabilities 275392469615

Fixed Assets

Net Fixed Assets +107162161246
Gross Block191267293407
Accumulated Depreciation84106132161
CWIP 01130
Investments 0003
Inventories708492119
Trade Receivables64116121138
Cash Equivalents 54127
Others Assets 292671102
Total Assets 275392469615
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 41339492
PBT 266299125
Adjustment 31404338
Changes in Working Capital -8-55-26-48
Tax Paid -8-14-22-24
Cash Flow From Investing Activity + -48-69-67-100
Capex -48-69-57-102
Net Investments 000-4
Others -00-97
Cash Flow From Financing Activity + 734-193
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 1115-2-12
Interest Paid -9-14-15-15
Dividend Paid 0000
Others 533-230
Net Cash Flow 0-28-5
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)20.8438.9741.5435.47
ROCE (%)16.8328.9833.1731.77
Asset Turnover Ratio1.891.981.721.54
PAT to CFO Conversion(x)2.050.721.270.99
Working Capital Days
Receivable Days44.6049.6058.2056.60
Inventory Days4942.6043.5046.20
Payable Days32.3033.2031.4029.70

Top 5 Mutual Funds Holding

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Announcements

Knack Packaging Ltd FAQs

The current trading price of Knack Packaging on 11-Sep-2026 16:59 is ₹183.4.

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 Knack Packaging stood at ₹2,244.2 Cr

The latest P/E ratio of Knack Packaging as of 10-Sep-2026 is 25.10.

The latest P/B ratio of Knack Packaging as of 10-Sep-2026 is 3.13.

The 52-week high of Knack Packaging is ₹221.9 and the 52-week low is ₹180.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Knack Packaging is ₹810 ( Cr.) .

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

The key valuation ratios of Knack 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 Knack Packaging Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Knack Packaging Ltd

Knack Packaging was originally incorporated as ‘Knack Packaging Private Limited’ on March 4, 2013. Subsequently, the company was converted from a private company to a public company, pursuant to a resolution passed in the extraordinary general meeting of the shareholders held on June 7, 2025, following which the name of the company was changed to ‘Knack Packaging Limited’ on June 23, 2025.

The company is engaged in the manufacturing and export of PP/HDPE Woven Sacks and BOPP Laminated PP Woven Bags. Its solutions enhance brand visibility on packaging, reduce the risk of counterfeiting, and improve operational performance. It also provides add-on solutions such as circular & back seam construction, half, full & register window, zig-zag cut, heatcut & bladecut etc., providing customers with enhanced and customized packaging options. Its diverse range of packaging solutions along with customised add-ons, makes its a one stop solution for its customers. 

The company has been serving top brands under a B2B2C model, including household Indian names as well as international brands across multiple countries. These brands use its 5kg to 50kg packaging solutions, to offer their products which are typically in powder or granule form, to their respective customers. It follows vertically integrated manufacturing processes (from PP granule processing to tapes, fabric, printing, lamination and packaging the final products of PLWPP bags and PLWPP pinch bottom bags).  The company has globally recognized certifications such as ISO 90001:2015 for quality management systems, ISO 14001:2015 for environment management systems, ISO 45001:2015 for occupational health and safety management systems, issued by ISOQAR and EN 15343 for recycled plastic content traceability. It also has the BRCGS packaging material certification and ECOVADIS (Bronze) medal in the year 2024, certifying its compliance with global quality standards and sustainability management.

Business area of the company 

The company is engaged in the manufacturing and export of PP/HDPE Woven Sacks and BOPP Laminated PP Woven Bags.

Products of the company

  • Printed and Laminated Woven PP Bags
  • Printed and Laminated Woven PP Pinch Bottom Bags
  • PP Woven Bags
  • Printed and Laminated Woven PP bottom Gusset Bags
  • PLWPP Block Bottom Bags
  • Printed and Laminated Woven PP Retail Shopping Bags

Awards, accreditations and recognition 

  • 2015: Secured second position in Fastest Growing Enterprises – Processing (Commodity Plastics) at Plasticon Award 2015.
  • 2018: Secured first position in the Best Upcoming Entrepreneurship at Plasticon Awards, 2018.
  • 2020: Received Vypar Jagat Award for Innovative Business of the Year.
  • 2020: Recognized as the Second Best Exporters of Woven sacks/Bags/Fabrics (other than FIBCs) by The Plastic Export Promotion Council.
  • 2021: Recognized as the Second Best Exporters of Woven sacks/Bags/Fabrics (other than FIBCs) by The Plastic Export Promotion Council.
  • 2021: Certificate of Appreciation presented for outstanding contribution in supporting ITC Foods Division to achieve new milestones.
  • 2023: Recognized as the Best Exporters of Woven sacks/Bags/Fabrics (other than FIBCs) by The Plastic Export Promotion Council. 
  • 2023: Recognized for Outstanding Export Performance in Packtech.
  • 2025: Awarded First Position in Innovative Packaging Material Solutions category in Packaging and Materials Awards organized by Indus Food Manufacturing Excellence Awards.
  • 2025: Recognized by Foundation for Innovative Packaging and Sustainability Award for Responsible Packaging.
  • 2025: Awarded as First Best Exporter of Woven Sacks/ Bags (Other than FIBCs) for the Year 2023- 2024 and 2024-2025 by the Plastics Export Promotion Council.
  • 2025: Awarded as 2nd Outstanding Export Performance for the Year 2023-2024 and 2024-2025 by the Technical Textiles Export Awards.

History and milestones

  • 2013: Manufacturing BOPP bags.
  • 2016: Expanded capacity from 400 MT to 1,200 MT per month & started manufacturing Printed Laminated Woven Block Bottom PP Bags.
  • 2018: Installation of first Pinch bottom machine & started manufacturing BOPP Laminated PP Woven Pinch bottom bags.
  • 2020: Establishment of Unit-2 for expansion.
  • 2021: Installed a 2.25 MW of rooftop solar plant.
  • 2021: Set up a wholly owned subsidiary in South Africa.
  • 2023: Commissioned a windmill capacity of 2.10 MW capacity.
  • 2025: Establishment of Unit-3 for expansion.
  • 2025: Installed Ground Mount Solar of capacity 11 MW.
  • 2025: Setting up of Joint Venture in Mexico with SACOS.
  • 2026: Establishment of Unit-4 for expansion.

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