Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹55.15, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total loss to shareholders of 24% over the past year. New Risk • Jul 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹964.2m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Market cap is less than US$10m (₹964.2m market cap, or US$9.99m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹1.63 (vs ₹4.96 in FY 2025) Full year 2026 results: EPS: ₹1.63 (down from ₹4.96 in FY 2025). Revenue: ₹6.97b (up 75% from FY 2025). Net income: ₹34.1m (down 67% from FY 2025). Profit margin: 0.5% (down from 2.6% in FY 2025). Announcement • May 22
Purv Flexipack Limited to Report Fiscal Year 2026 Results on May 27, 2026 Purv Flexipack Limited announced that they will report fiscal year 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹47.85, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 20x in the Trade Distributors industry in India. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹38.95, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 19x in the Trade Distributors industry in India. Total loss to shareholders of 63% over the past year. New Risk • Mar 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹900.2m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Market cap is less than US$10m (₹900.2m market cap, or US$9.75m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹50.00, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 21x in the Trade Distributors industry in India. Total loss to shareholders of 52% over the past year. New Risk • Nov 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₹1.91b market cap, or US$21.4m). Announcement • Nov 11
Purv Flexipack Limited to Report First Half, 2026 Results on Nov 12, 2025 Purv Flexipack Limited announced that they will report first half, 2026 results on Nov 12, 2025 Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Payal Bafna was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹91.45, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 32x in the Trade Distributors industry in India. Total loss to shareholders of 39% over the past year. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: ₹4.96 (vs ₹3.99 in FY 2024) Full year 2025 results: EPS: ₹4.96 (up from ₹3.99 in FY 2024). Revenue: ₹3.98b (up 57% from FY 2024). Net income: ₹104.0m (up 74% from FY 2024). Profit margin: 2.6% (up from 2.4% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Aug 22
Purv Flexipack Limited, Annual General Meeting, Sep 15, 2025 Purv Flexipack Limited, Annual General Meeting, Sep 15, 2025, at 11:30 Indian Standard Time. Location: annapurna apt., 1st floor, suite no. 1c 23, sarat bose rd., kolkata- 700020, west bengal, kolkata India New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (₹1.63b market cap, or US$18.8m). Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Payal Bafna was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹1.82b market cap, or US$21.4m). Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Payal Bafna was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹90.50, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 29x in the Trade Distributors industry in India. Total loss to shareholders of 59% over the past year. New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹1.72b market cap, or US$20.1m). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹82.15, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 26x in the Trade Distributors industry in India. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹105, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 27x in the Trade Distributors industry in India. Total loss to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹224, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 38x in the Trade Distributors industry in India. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹201, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 36x in the Trade Distributors industry in India. New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Revenue has declined by 18% over the past year. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹3.51b market cap, or US$42.0m). Announcement • Aug 30
Purv Flexipack Limited, Annual General Meeting, Sep 27, 2024 Purv Flexipack Limited, Annual General Meeting, Sep 27, 2024, at 12:00 Indian Standard Time. Location: annapurna apt., 1st floor, suite no. 1c 23, sarat bose rd., kolkata- 700020, west bengal, kolkata India New Risk • Jun 15
New major risk - Revenue and earnings growth Revenue has declined by 18% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Revenue has declined by 18% over the past year. High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.80b market cap, or US$45.5m). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹173, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 35x in the Trade Distributors industry in India. New Risk • Apr 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (₹4.65b market cap, or US$55.8m). Board Change • Mar 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Payal Bafna was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
