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Dec 04
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Indian (NIFTY) Packaging Industry Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies96
- 7D-3.4%
- 3M-16.2%
- 1Y-17.9%
- YTD-8.1%
Over the last 7 days, the Packaging industry has dropped 3.4%, driven by Time Technoplast declining 6.4%. In contrast, Shree Tirupati Balajee FIBC has gained 6.0%. Overall the industry is down 18% in 12 months. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Indian Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | ₹515.2b | ₹601.3b | ₹31.5b | 15.9x | 16.4x | 0.9x |
| Fri, 19 Dec 2025 | ₹544.5b | ₹598.0b | ₹31.3b | 15.6x | 17.4x | 0.9x |
| Sun, 16 Nov 2025 | ₹581.4b | ₹592.9b | ₹31.3b | 18x | 18.6x | 1x |
| Tue, 14 Oct 2025 | ₹591.7b | ₹584.2b | ₹29.6b | 18.6x | 20x | 1x |
| Thu, 11 Sep 2025 | ₹593.6b | ₹572.5b | ₹29.0b | 19.2x | 20.5x | 1x |
| Sat, 09 Aug 2025 | ₹581.9b | ₹563.4b | ₹25.9b | 21.1x | 22.5x | 1x |
| Mon, 07 Jul 2025 | ₹577.2b | ₹555.1b | ₹25.2b | 23.5x | 22.9x | 1x |
| Wed, 04 Jun 2025 | ₹562.7b | ₹554.0b | ₹25.2b | 23.6x | 22.4x | 1x |
| Fri, 02 May 2025 | ₹488.1b | ₹539.9b | ₹21.0b | 20.6x | 23.2x | 0.9x |
| Sun, 30 Mar 2025 | ₹500.0b | ₹539.3b | ₹24.2b | 19.6x | 20.7x | 0.9x |
| Tue, 25 Feb 2025 | ₹514.7b | ₹539.3b | ₹24.2b | 21.7x | 21.3x | 1x |
| Thu, 23 Jan 2025 | ₹570.8b | ₹527.4b | ₹21.5b | 25.6x | 26.5x | 1.1x |
| Sat, 21 Dec 2024 | ₹672.7b | ₹525.8b | ₹21.1b | 29.3x | 31.9x | 1.3x |
| Mon, 18 Nov 2024 | ₹612.6b | ₹526.4b | ₹21.1b | 24.5x | 29x | 1.2x |
| Wed, 16 Oct 2024 | ₹675.7b | ₹504.7b | ₹19.9b | 26.3x | 33.9x | 1.3x |
| Fri, 13 Sep 2024 | ₹649.2b | ₹499.5b | ₹19.6b | 26.7x | 33.1x | 1.3x |
| Sun, 11 Aug 2024 | ₹583.6b | ₹486.0b | ₹16.0b | 27.2x | 36.4x | 1.2x |
| Tue, 09 Jul 2024 | ₹583.7b | ₹479.4b | ₹15.3b | 27.5x | 38.2x | 1.2x |
| Thu, 06 Jun 2024 | ₹466.7b | ₹481.4b | ₹15.3b | 23.5x | 30.5x | 1x |
| Sat, 04 May 2024 | ₹506.8b | ₹476.0b | ₹18.2b | 22.1x | 27.9x | 1.1x |
| Mon, 01 Apr 2024 | ₹465.6b | ₹476.4b | ₹18.2b | 20.4x | 25.5x | 1x |
| Wed, 28 Feb 2024 | ₹511.3b | ₹476.4b | ₹18.2b | 21.8x | 28.1x | 1.1x |
| Fri, 26 Jan 2024 | ₹509.1b | ₹475.0b | ₹14.2b | 22.6x | 36x | 1.1x |
| Sun, 24 Dec 2023 | ₹500.2b | ₹475.6b | ₹14.1b | 21.7x | 35.5x | 1.1x |
| Tue, 21 Nov 2023 | ₹503.7b | ₹475.1b | ₹14.1b | 23.7x | 35.8x | 1.1x |
| Thu, 19 Oct 2023 | ₹494.3b | ₹481.7b | ₹15.1b | 24.9x | 32.7x | 1x |
| Sat, 16 Sep 2023 | ₹451.5b | ₹482.8b | ₹14.8b | 23.7x | 30.5x | 0.9x |
| Mon, 14 Aug 2023 | ₹419.2b | ₹486.0b | ₹22.5b | 21.2x | 18.7x | 0.9x |
| Wed, 12 Jul 2023 | ₹421.9b | ₹492.0b | ₹23.1b | 19.1x | 18.2x | 0.9x |
| Fri, 09 Jun 2023 | ₹390.5b | ₹493.1b | ₹23.3b | 17.3x | 16.8x | 0.8x |
| Sun, 07 May 2023 | ₹360.8b | ₹498.1b | ₹27.2b | 18.3x | 13.2x | 0.7x |
| Tue, 04 Apr 2023 | ₹319.5b | ₹495.5b | ₹26.3b | 15.4x | 12.1x | 0.6x |
| Thu, 02 Mar 2023 | ₹323.6b | ₹495.5b | ₹26.3b | 15.2x | 12.3x | 0.7x |
| Sat, 28 Jan 2023 | ₹342.4b | ₹493.7b | ₹31.8b | 15.8x | 10.8x | 0.7x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are pessimistic on the Indian Packaging industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.4x which is lower than its 3-year average PE of 25.0x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | -2.63% | |
| Materials | -1.61% | |
| Packaging | -3.37% | |
| Metal and Glass Containers | -2.46% | |
| Paper Packaging | -4.87% | |
Industry PE
- Investors are most optimistic about the Metal and Glass Containers industry even though it's trading below its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings growth of 14.5% per year.
- Investors are most pessimistic about the Paper Packaging industry, which is trading below its 3-year average of 32.5x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 8.9% per year.
- In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TIRUPATI Shree Tirupati Balajee FIBC | ₹700.00 | 6.0% +₹402.7m | -24.1% | PE78.3x | |
| 526747 G Foils | ₹279.50 | 5.7% +₹178.7m | -0.9% | PE47x | |
| 507779 Kanpur Plastipack | ₹175.80 | 4.1% +₹165.7m | 40.5% | PE16.2x | |
| 513507 Gujarat Containers | ₹174.00 | 11.1% +₹98.0m | -0.8% | PE14.3x | |
| 531280 Pankaj Polymers | ₹65.66 | 21.5% +₹64.4m | 338.0% | PE17.4x |
