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Last Updated: April 2, 2026, 4:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506979 | NSE: APTPACK

Apt Packaging Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹365.58Undervalued by 97.61%vs CMP ₹185.00

P/E (228.0) × ROE (15.0%) × BV (₹13.10) × DY (2.00%)

Defaults: ROE=15%

₹146.87Overvalued by 20.61%vs CMP ₹185.00
MoS: -26% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹542.5725%Under (+193.3%)
Graham NumberEarnings₹15.9219%Over (-91.4%)
DCFCash Flow₹13.1815%Over (-92.9%)
Net Asset ValueAssets₹13.0410%Over (-93%)
EV/EBITDAEnterprise₹11.2813%Over (-93.9%)
Earnings YieldEarnings₹8.6010%Over (-95.4%)
Revenue MultipleRevenue₹11.398%Over (-93.8%)
Consensus (7 models)₹146.87100%Overvalued
Key Drivers: EPS CAGR 48.4% lifts DCF — verify sustainability. | P/E of 228 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 48.4% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

55
Apt Packaging Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 5.9% WeakROE 0.0% WeakD/E -44.83 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 50.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around -2% SteadyWorking capital: -374 days (improving) Efficient
Quarterly Momentum100/100 · Strong
Revenue (4Q): +63% YoY AcceleratingProfit (4Q): +118% YoY StrongOPM: 12.5% (up 4.7% YoY) Margin expansion
Industry Rank25/100 · Weak
P/E 228.0 vs industry 39.6 Premium to peersROCE 5.9% vs industry 12.8% Below peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:06 am

Market Cap 219 Cr.
Current Price 185
Intrinsic Value₹146.87
High / Low 185/40.9
Stock P/E228
Book Value 13.1
Dividend Yield0.00 %
ROCE5.86 %
ROE%
Face Value 10.0
PEG Ratio4.71

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Apt Packaging Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apt Packaging Ltd 219 Cr. 185 185/40.9228 13.10.00 %5.86 %% 10.0
Hitech Corporation Ltd 218 Cr. 127 235/11248.7 1590.79 %6.86 %2.61 % 10.0
Worth Peripherals Ltd 245 Cr. 156 190/11515.8 1100.64 %13.2 %9.27 % 10.0
Ecoplast Ltd 146 Cr. 422 774/39219.4 2270.00 %20.2 %14.6 % 10.0
Manaksia Ltd 308 Cr. 47.0 85.7/42.05.76 96.60.00 %11.8 %7.48 % 2.00
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of Apt Packaging Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.164.492.373.733.423.153.042.903.234.434.765.894.97
Expenses 3.004.262.903.943.593.912.622.722.984.084.425.254.35
Operating Profit 0.160.23-0.53-0.21-0.17-0.760.420.180.250.350.340.640.62
OPM % 5.06%5.12%-22.36%-5.63%-4.97%-24.13%13.82%6.21%7.74%7.90%7.14%10.87%12.47%
Other Income 0.180.340.030.210.630.090.110.260.150.160.090.210.23
Interest 0.470.350.530.520.54-0.850.160.170.140.210.120.090.08
Depreciation 0.49-0.070.340.350.350.020.210.220.210.270.300.310.31
Profit before tax -0.620.29-1.37-0.87-0.430.160.160.050.050.030.010.450.46
Tax % 0.00%0.00%0.00%0.00%0.00%-6.25%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -0.620.29-1.36-0.88-0.430.170.160.060.050.040.010.450.46
EPS in Rs -1.180.55-2.58-1.67-0.820.320.300.110.090.080.010.380.39

Last Updated: February 3, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 26.5025.8231.2234.8131.7826.9617.8216.6111.5214.2112.5813.4820.05
Expenses 23.2222.1724.8427.6426.8123.2316.7415.0211.9513.4714.2212.2518.10
Operating Profit 3.283.656.387.174.973.731.081.59-0.430.74-1.641.231.95
OPM % 12.38%14.14%20.44%20.60%15.64%13.84%6.06%9.57%-3.73%5.21%-13.04%9.12%9.73%
Other Income 2.400.352.200.100.901.264.155.821.121.420.910.680.69
Interest 4.614.623.603.063.012.832.782.291.731.940.750.710.50
Depreciation 2.752.652.582.662.412.412.232.501.761.381.060.901.19
Profit before tax -1.68-3.272.401.550.45-0.250.222.62-2.80-1.16-2.540.300.95
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.39%0.00%
Net Profit -1.68-3.262.411.550.45-0.260.222.63-2.81-1.16-2.520.310.96
EPS in Rs -3.19-6.194.582.940.85-0.490.425.00-5.34-2.20-4.790.590.86
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-94.05%173.93%-35.68%-70.97%-157.78%184.62%1095.45%-206.84%58.72%-117.24%112.30%
Change in YoY Net Profit Growth (%)0.00%267.97%-209.61%-35.28%-86.81%342.39%910.84%-1302.30%265.56%-175.96%229.54%

Apt Packaging Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-5%
3 Years:6%
TTM:15%
Compounded Profit Growth
10 Years:8%
5 Years:16%
3 Years:28%
TTM:113%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:3%
1 Year:40%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: December 4, 2025, 2:23 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5.805.805.805.805.805.805.805.805.805.805.805.8012.35
Reserves -10.99-13.95-11.54-9.99-9.54-9.80-9.57-6.25-7.37-8.49-10.82-10.463.09
Borrowings 41.7340.9437.9037.0035.5032.8429.1422.4119.5520.7021.4523.407.95
Other Liabilities 6.245.845.725.757.417.884.993.674.363.273.832.853.18
Total Liabilities 42.7838.6337.8838.5639.1736.7230.3625.6322.3421.2820.2621.5926.57
Fixed Assets 31.8429.5227.4527.3825.5023.2420.5716.1915.8313.1512.6913.6113.38
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.711.69
Investments 0.030.030.030.030.030.040.040.040.110.130.100.160.13
Other Assets 10.919.0810.4011.1513.6413.449.759.406.408.007.477.1111.37
Total Assets 42.7838.6337.8838.5639.1736.7230.3625.6322.3421.2820.2621.5926.57

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.660.983.443.373.372.790.170.881.840.29-0.500.47
Cash from Investing Activity + -0.00-0.34-0.48-2.59-2.59-0.153.656.950.790.350.48-1.70
Cash from Financing Activity + 0.41-0.62-3.03-0.83-0.83-2.63-3.77-6.06-4.53-0.720.031.26
Net Cash Flow -0.250.02-0.07-0.06-0.060.010.061.76-1.90-0.08-0.000.03
Free Cash Flow -0.670.642.960.770.772.643.827.812.620.10-0.68-1.32
CFO/OP -20%27%54%47%68%75%16%55%-426%35%30%36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-38.45-37.29-31.52-29.83-30.53-29.11-28.06-20.82-19.98-19.96-23.09-22.17

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 82.9264.7464.4257.0483.3887.7393.8177.79123.2582.20118.38116.16
Inventory Days 86.3290.9880.9786.3780.12108.23168.52142.1277.27143.37101.39132.91
Days Payable 157.44158.87141.07116.66150.79190.49214.66185.73189.12144.06148.70128.19
Cash Conversion Cycle 11.79-3.144.3226.7412.725.4747.6634.1811.4081.5071.06120.88
Working Capital Days -129.06-204.98-54.48-49.18-60.41-69.99-69.23-25.93-73.19-97.35-6.38-374.48
ROCE %3.12%3.43%12.90%15.27%10.81%7.23%-1.70%-1.94%-9.76%0.94%-12.95%5.86%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.58%72.58%72.72%72.72%72.72%72.72%72.72%72.71%72.71%50.18%50.17%50.17%
DIIs 0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.25%0.11%0.11%0.11%
Public 27.17%27.17%27.04%27.04%27.04%27.03%27.03%27.04%27.04%49.72%49.72%49.71%
No. of Shareholders 10,38210,39610,35410,35710,36510,34410,32410,31010,28910,32510,28510,289

Shareholding Pattern Chart

No. of Shareholders

Apt Packaging Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.68-4.43-2.13-6.814.99
Diluted EPS (Rs.) 0.68-4.43-2.13-6.814.99
Cash EPS (Rs.) 2.07-2.530.37-1.888.83
Book Value[Excl.RevalReserv]/Share (Rs.) -8.03-8.64-4.62-5.69-0.77
Book Value[Incl.RevalReserv]/Share (Rs.) -8.03-8.64-4.62-5.69-0.77
Revenue From Operations / Share (Rs.) 23.4321.9024.5022.0528.61
PBDIT / Share (Rs.) 3.26-1.293.60-0.153.53
PBIT / Share (Rs.) 1.71-3.111.22-3.19-0.76
PBT / Share (Rs.) 0.52-4.37-2.00-4.913.97
Net Profit / Share (Rs.) 0.52-4.35-2.00-4.914.53
PBDIT Margin (%) 13.91-5.8814.67-0.6912.34
PBIT Margin (%) 7.30-14.204.96-14.45-2.68
PBT Margin (%) 2.24-19.94-8.16-22.2613.86
Net Profit Margin (%) 2.24-19.85-8.16-22.2615.82
Return on Networth / Equity (%) -6.560.000.000.00-583.13
Return on Capital Employeed (%) 93.71-13.038.13-15.08-2.59
Return On Assets (%) 1.41-12.45-5.45-13.9010.25
Long Term Debt / Equity (X) -1.21-3.70-4.09-4.52-38.02
Total Debt / Equity (X) -5.02-4.28-7.72-5.53-44.83
Asset Turnover Ratio (%) 0.640.610.680.550.59
Current Ratio (X) 0.330.980.490.771.11
Quick Ratio (X) 0.230.700.330.640.90
Inventory Turnover Ratio (X) 7.202.753.994.143.34
Interest Coverage Ratio (X) 2.75-1.031.12-0.050.89
Interest Coverage Ratio (Post Tax) (X) 1.44-2.460.37-1.07-0.19
Enterprise Value (Cr.) 53.8046.9550.7229.480.00
EV / Net Operating Revenue (X) 3.963.693.572.300.00
EV / EBITDA (X) 28.44-62.7524.30-331.580.00
MarketCap / Net Operating Revenue (X) 2.252.022.120.890.00
Price / BV (X) -6.57-5.12-11.26-3.470.00
Price / Net Operating Revenue (X) 2.252.022.120.890.00
EarningsYield 0.01-0.09-0.03-0.240.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Apt Packaging Ltd. is a Public Limited Listed company incorporated on 24/06/1980 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24100MH1980PLC022746 and registration number is 022746. Currently Company is involved in the business activities of Manufacture of other plastics products. Company's Total Operating Revenue is Rs. 13.60 Cr. and Equity Capital is Rs. 5.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersGut No. 76, Village Pangra, Aurangabad District Maharashtra 431005Contact not found
Management
NamePosition Held
Mr. Arvind MachharManaging Director
Mr. Sandeep MachharDirector
Mr. Gheverchand M BotharaIndependent Director
Mr. Balaprasad H TapdiyaIndependent Director
Mr. Suyog Sunil MachharAdditional Director
Mr. Vikas TapdiyaIndependent Director
Ms. Soham KotakAdditional Director
Mr. Sidhant SomaniAdditional Director

FAQ

What is the intrinsic value of Apt Packaging Ltd and is it undervalued?

As of 14 April 2026, Apt Packaging Ltd's intrinsic value is ₹146.87, which is 20.61% lower than the current market price of ₹185.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹13.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apt Packaging Ltd?

Apt Packaging Ltd is trading at ₹185.00 as of 14 April 2026, with a FY2026-2027 high of ₹185 and low of ₹40.9. The stock is currently near its 52-week high. Market cap stands at ₹219 Cr..

How does Apt Packaging Ltd's P/E ratio compare to its industry?

Apt Packaging Ltd has a P/E ratio of 228, which is above the industry average of 39.62. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Apt Packaging Ltd financially healthy?

Key indicators for Apt Packaging Ltd: ROCE of 5.86 % is on the lower side compared to the industry average of 12.76%; ROE of % is below ideal levels (industry average: 24.70%). Dividend yield is 0.00 %.

Is Apt Packaging Ltd profitable and how is the profit trend?

Apt Packaging Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹13 Cr. Compared to ₹-3 Cr in Mar 2022, the net profit shows an improving trend.

Does Apt Packaging Ltd pay dividends?

Apt Packaging Ltd has a dividend yield of 0.00 % at the current price of ₹185.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apt Packaging Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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