List of Top Packaging Stocks in India in 2024

If you are looking for investing in top packaging stocks in India, then you are on right place. India’s packaging industry is booming, and investing in top stocks in this sector can be a smart move for you. From traditional packaging materials to innovative solutions, these stocks offer a promising opportunities for growth. Whether you are a seasoned investor or beginner, exploring the top packaging stocks in India 2024 can open the way for a profitable investment journey for you.

List of Top Packaging Stocks in India in 2024

Table of Contents

Overview of Top Packaging Stocks in India 2024

1. TCPL Packaging Ltd.

TCPL Packaging Limited was established in 1987 and headquartered in Mumbai, specializing in the manufacture and sale of different sorts of containers as its main goal. The needs of foodstuffs, drugs, and gifts segments are addressed by TCPL through its folding cartons up to flexible packaging i.e. pouches and labels. It is also known for such items as printed blanks, plastic cartons or even specialized packaging products, hence it is one of top packaging stocks in India 2024.

  • Current Market Price: ₹ 2,095.95
  • Market Capitalization: ₹ 1,894 crore
  • Excellent Return On Equity of 21.40% during the last 12 months.
  • Over the past three years, annual net profit has trended upward.
  • Over the same period, EBITDA has increased steadily.
  • Three years in a row of improved annual sales for the company.
  • Good Return on Capital Employed of 11.87%.
  • Steady increase in Total Assets during the last three years.

2. Arrow Greentech Ltd

Arrow Greentech Limited was founded in 1992 in Mumbai, India. It is a worldwide company involved in the manufacture and sale of water soluble films and other green products. The various products offered by the company are such as packaging films for agrochemicals, detergents business and textiles and some innovations like embroidery films and soap stripes. Naturally, Arrow Greentech has taken the lead in providing environmentally acceptable options to the global market, given the current focus on environmental conservation and adaptation.

  • Current Market Price: ₹ 455.15
  • Market Capitalization: ₹ 669 crore
  • Net profit increased from negative to positive during the previous 12 months.
  • It provided a solid Return on Equity of 27.79%.
  • Excellent Return On Asset of 26.90% during the last 12 months.
  • All 12 month margin increased by 15%.
  • During the last three years, the company achieved a good net margin of 21.99%.
  • Good return on capital employed of 12.21%.
  • A trending upward annual net profit
  • Consistently rising EBITDA.

3. AGI Greenpac Ltd

AGI Greenpac Limited was established in 1960 in Gurugram, India. It is an expert in making and vending an extensive array of packing crates. It operates in a range of enterprises like beverages, pharmaceuticals, cosmetics and FMCG by producing items such as canisters, phials, as well as locks for securing them. In addressing a broad spectrum of requests or inquiries, AGI Greenpac has found its way into the hearts and minds of many in the industry as the go-to company for all your packaging needs based on the assurance of well made products tailored to meet a variety of customer demands.

  • Current Market Price: ₹ 833.6
  • Market Capitalization: ₹ 5286 crore
  • Good return on equity of 16.62%
  • Good return on capital employed of 10.64,
  • Excellent net margin of 11.93%
  • A tremendous increasing trend in net profit over the last three years.
  • The debt to equity ratio has also decreased and is at its lowest point in the last five years.

4. Huhtamaki India Ltd

Huhtamaki India Limited was founded in 1935 and headquartered in Mumbai, India. The major focus of this company is on the manufacture and sale of flexible consumer packaging as well as labeling solutions. The company provides a wide range of packaging solutions to clients from different sectors which include food and drinks, personal grooming and health care items among others. With regard to food, health and pharmaceutical industries, it also deals with labels like heat transfer and shrink sleeves. With a focus on customization and quality, Huhtamaki is a one of the top packaging stocks in India 2024.

  • Current Market Price: ₹ 309.15
  • Market Capitalization: ₹ 2,318  crore
  • EBITDA has been continually increasing over the last three years.
  • Company has achieved earning Yield of 17.25 %
  • An outstanding 30.27% return on capital employed
  • Excess return earned by the company
  • An excellent Return On Asset of 21.58% during the last 12 months.
  • An excellent 43.10% return on equity over the last 12 months.
  • The company has reached a good net margin of 16.02%
  • Annual Net Profit has been going upward over the last three years.

5. Balmer Lawrie & Co. Ltd.

Balmer Lawrie & Co. Ltd. was founded in 1867 and headquartered in Kolkata, India. It provides different services such as industrial packaging, lubricants, chemicals, logistics and travel. They mainly deal with industrial packaging where they have many types of drums that are used in packaging lubricants, lubricants for industries and cars. With a long history and expertise in multiple sectors, Balmer Lawrie is your one stop solution provider for various needs.

  • Current Market Price: ₹ 273.85
  • Market Capitalization: ₹ 4,739 crore
  • For the past three years, EBITDA has increased steadily.
  • The net profit has increased for the past five quarters.
  • The company has earned a good return on equity of 14.08% during the last four quarters.
  • There has been a steady increase in total assets over the last three years.

List of Top Packaging Stocks in India 2024

Stock Names CMP Market Cap (Cr) PE Ratio ROE EPS
TCPL Packaging
Arrow Greentech
AGI Greenpac
Huhtamaki India
₹ 2,318
Balmer Lawrie & Company

Note: The above figures have been taken from google finance.

Read also: Top Healthcare Stocks in India – 2024

Important Things to Check Before Buying a Stock

Final Words

Investing in top packaging stocks in India has shown to be advantageous since it gives investors access to a diverse portfolio of investments especially in its packaging field that is increasingly growing. With a range of companies offering innovative solutions and catering to various sectors, these stocks provide exciting opportunities for long term growth and stability. It is expected of smart investors to stay informed about current market trends and conduct sufficient research before making decisions on such matters.

Frequently Asked Questions (FAQ)

Here is the list of other top packaging stocks in India 2024:

  • Nestle India Ltd.
  • Hindustan Unilever Ltd.
  • Britannia Industries Ltd.
  • Uflex Ltd.
  • Themis Packaging Ltd.

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