# Packaging - FMCG/Consumers — company-by-company sector analysis

> Packaging - FMCG/Consumers: EPL Ltd owns the largest revenue base; Mold-Tek Packaging Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Packaging - FMCG/Consumers has outperformed NIFTY 500 by 4.5% over 52 weeks and 29.4% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 0 of 5 beat the sector itself. EPL Ltd leads with revenue of ₹4,763 crore, based on 6 of 6 comparable companies through Mar 2026.

### Is the Packaging - FMCG/Consumers sector outperforming NIFTY 500?

Packaging - FMCG/Consumers has outperformed NIFTY 500 by 4.5% over 52 weeks and 29.4% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 0 of 5 beat the sector itself.

### Which Packaging - FMCG/Consumers company is largest by revenue?

EPL Ltd leads with revenue of ₹4,763 crore, based on 6 of 6 comparable companies through Mar 2026.

### Which Packaging - FMCG/Consumers company is growing fastest?

Mold-Tek Packaging Ltd has the fastest current revenue growth at 31.9%, across 6 of 6 comparable companies.

### Which Packaging - FMCG/Consumers company has the strongest 4-Factor Sector Score?

Mold-Tek Packaging Ltd ranks first at 69.1/100 with 89.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Packaging - FMCG/Consumers company has the least gross debt?

Haldyn Glass Ltd has the lowest comparable gross debt at ₹116 crore. EPL Ltd has the highest at ₹962 crore.

### Which Packaging - FMCG/Consumers company has the lowest comparable PEG?

EPL Ltd has the lowest comparable Guarded PEG at 0.41, among 4 of 6 companies that pass the metric’s comparability rules.

### How much history does this Packaging - FMCG/Consumers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Packaging - FMCG/Consumers has outperformed NIFTY 500 by 4.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 29.4%. 5 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Mold-Tek Packaging Ltd is the strongest against the sector itself at -1.1%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: 29%
52-week sector return versus NIFTY 500: 4.5%
Stocks leading NIFTY: 5/6
Stocks leading sector: 0/5

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹20.2K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Mold-Tek Packaging Ltd (MOLDTKPAC): 69/100 — Favorable setup; evidence 90%
   - Growth & earnings 27.3/35 | Capital efficiency 16.9/25 | Valuation 11.1/20 | Relative strength 13.8/20
   - Exact sum: 27.3 + 16.9 + 11.1 + 13.8 = 69.1
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. Haldyn Glass Ltd (HALDYNGL): 55/100 — Mixed-positive evidence; evidence 68%
   - Growth & earnings 23.0/35 | Capital efficiency 9.8/25 | Valuation 10.1/20 | Relative strength 11.9/20
   - Exact sum: 23 + 9.8 + 10.1 + 11.9 = 54.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Huhtamaki India Ltd (HUHTAMAKI): 55/100 — Mixed-positive evidence; evidence 69%
   - Growth & earnings 17.1/35 | Capital efficiency 13.3/25 | Valuation 10.8/20 | Relative strength 13.4/20
   - Exact sum: 17.1 + 13.3 + 10.8 + 13.4 = 54.6
   - Decision use: Price leads the evidence: RS versus the benchmark is 57.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4. EPL Ltd (EPL): 54/100 — Mixed-positive evidence; evidence 96%
   - Growth & earnings 14.9/35 | Capital efficiency 16.3/25 | Valuation 19.1/20 | Relative strength 3.9/20
   - Exact sum: 14.9 + 16.3 + 19.1 + 3.9 = 54.2
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
5. AGI Greenpac Ltd (AGI): 45/100 — Mixed-negative evidence; evidence 83%
   - Growth & earnings 15.9/35 | Capital efficiency 18.9/25 | Valuation 6.7/20 | Relative strength 3.2/20
   - Exact sum: 15.9 + 18.9 + 6.7 + 3.2 = 44.7
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
6. TCPL Packaging Ltd (TCPLPACK): 38/100 — Mixed-negative evidence; evidence 90%
   - Growth & earnings 6.5/35 | Capital efficiency 12.2/25 | Valuation 10.4/20 | Relative strength 9.0/20
   - Exact sum: 6.5 + 12.2 + 10.4 + 9 = 38.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: EPL Ltd is the scale leader at ₹4,763 crore, 78.7% ahead of AGI Greenpac Ltd. Mold-Tek Packaging Ltd's growth is 31.9% from a ₹632 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: EPL Ltd is the scale benchmark; Mold-Tek Packaging Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: EPL Ltd's growth falls below Mold-Tek Packaging Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: EPL Ltd · ₹4,763 crore | 78.7% versus #2 · AGI Greenpac Ltd | 8/8 recent comparable periods | 6/6 companies · 100 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. EPL Ltd (EPL): ₹4.8K Cr
2. AGI Greenpac Ltd (AGI): ₹2.7K Cr
3. Huhtamaki India Ltd (HUHTAMAKI): ₹2.5K Cr
4. TCPL Packaging Ltd (TCPLPACK): ₹1.8K Cr
5. Mold-Tek Packaging Ltd (MOLDTKPAC): ₹632 Cr

### Revenue growth — fastest growers
1. Mold-Tek Packaging Ltd (MOLDTKPAC): 32%
2. Haldyn Glass Ltd (HALDYNGL): 22%
3. EPL Ltd (EPL): 13%
4. AGI Greenpac Ltd (AGI): 5.5%
5. TCPL Packaging Ltd (TCPLPACK): 2.2%

### 20-quarter Revenue history
- EPL: Sep 2021 ₹870 Cr | Dec 2021 ₹883 Cr | Mar 2022 ₹880 Cr | Jun 2022 ₹832 Cr | Sep 2022 ₹948 Cr | Dec 2022 ₹945 Cr | Mar 2023 ₹969 Cr | Jun 2023 ₹910 Cr | Sep 2023 ₹1.0K Cr | Dec 2023 ₹975 Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.0K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —
- AGI: Sep 2021 ₹546 Cr | Dec 2021 ₹639 Cr | Mar 2022 — | Jun 2022 ₹522 Cr | Sep 2022 ₹513 Cr | Dec 2022 ₹567 Cr | Mar 2023 — | Jun 2023 ₹558 Cr | Sep 2023 ₹615 Cr | Dec 2023 ₹622 Cr | Mar 2024 ₹625 Cr | Jun 2024 ₹566 Cr | Sep 2024 ₹599 Cr | Dec 2024 ₹658 Cr | Mar 2025 ₹705 Cr | Jun 2025 ₹688 Cr | Sep 2025 ₹602 Cr | Dec 2025 ₹634 Cr | Mar 2026 ₹742 Cr | Jun 2026 —
- TCPLPACK: Sep 2021 ₹253 Cr | Dec 2021 ₹276 Cr | Mar 2022 ₹330 Cr | Jun 2022 ₹342 Cr | Sep 2022 ₹362 Cr | Dec 2022 ₹378 Cr | Mar 2023 ₹393 Cr | Jun 2023 ₹371 Cr | Sep 2023 ₹406 Cr | Dec 2023 ₹364 Cr | Mar 2024 ₹401 Cr | Jun 2024 ₹406 Cr | Sep 2024 ₹463 Cr | Dec 2024 ₹480 Cr | Mar 2025 ₹422 Cr | Jun 2025 ₹425 Cr | Sep 2025 ₹460 Cr | Dec 2025 ₹471 Cr | Mar 2026 ₹454 Cr | Jun 2026 —
- MOLDTKPAC: Sep 2021 ₹160 Cr | Dec 2021 ₹160 Cr | Mar 2022 ₹178 Cr | Jun 2022 ₹208 Cr | Sep 2022 ₹183 Cr | Dec 2022 ₹155 Cr | Mar 2023 ₹185 Cr | Jun 2023 ₹186 Cr | Sep 2023 ₹170 Cr | Dec 2023 ₹165 Cr | Mar 2024 ₹177 Cr | Jun 2024 ₹197 Cr | Sep 2024 ₹191 Cr | Dec 2024 ₹191 Cr | Mar 2025 ₹203 Cr | Jun 2025 ₹241 Cr | Sep 2025 ₹210 Cr | Dec 2025 ₹198 Cr | Mar 2026 ₹238 Cr | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹769 Cr | Dec 2022 ₹693 Cr | Mar 2023 ₹662 Cr | Jun 2023 ₹622 Cr | Sep 2023 ₹662 Cr | Dec 2023 ₹604 Cr | Mar 2024 ₹610 Cr | Jun 2024 ₹639 Cr | Sep 2024 ₹652 Cr | Dec 2024 ₹619 Cr | Mar 2025 ₹610 Cr | Jun 2025 ₹612 Cr | Sep 2025 ₹625 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹74 Cr | Jun 2023 ₹73 Cr | Sep 2023 ₹46 Cr | Dec 2023 ₹95 Cr | Mar 2024 ₹84 Cr | Jun 2024 ₹87 Cr | Sep 2024 ₹106 Cr | Dec 2024 ₹105 Cr | Mar 2025 ₹84 Cr | Jun 2025 ₹115 Cr | Sep 2025 ₹116 Cr | Dec 2025 ₹125 Cr | Mar 2026 ₹108 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- EPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 4.1% | Sep 2022 9.0% | Dec 2022 7.0% | Mar 2023 10% | Jun 2023 9.4% | Sep 2023 5.7% | Dec 2023 3.2% | Mar 2024 6.2% | Jun 2024 11% | Sep 2024 8.4% | Dec 2024 4.0% | Mar 2025 7.4% | Jun 2025 10% | Sep 2025 11% | Dec 2025 13% | Mar 2026 18% | Jun 2026 —
- AGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 25% | Sep 2022 -6.0% | Dec 2022 -11% | Mar 2023 — | Jun 2023 6.9% | Sep 2023 20% | Dec 2023 9.7% | Mar 2024 — | Jun 2024 1.4% | Sep 2024 -2.6% | Dec 2024 5.8% | Mar 2025 13% | Jun 2025 22% | Sep 2025 0.5% | Dec 2025 -3.7% | Mar 2026 5.3% | Jun 2026 —
- TCPLPACK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 51% | Sep 2022 43% | Dec 2022 37% | Mar 2023 19% | Jun 2023 8.5% | Sep 2023 12% | Dec 2023 -3.7% | Mar 2024 2.0% | Jun 2024 9.4% | Sep 2024 14% | Dec 2024 32% | Mar 2025 5.2% | Jun 2025 4.7% | Sep 2025 -0.7% | Dec 2025 -1.9% | Mar 2026 7.6% | Jun 2026 —
- MOLDTKPAC: Sep 2021 34% | Dec 2021 19% | Mar 2022 11% | Jun 2022 55% | Sep 2022 14% | Dec 2022 -3.1% | Mar 2023 3.9% | Jun 2023 -11% | Sep 2023 -7.1% | Dec 2023 6.5% | Mar 2024 -4.3% | Jun 2024 5.9% | Sep 2024 12% | Dec 2024 16% | Mar 2025 15% | Jun 2025 22% | Sep 2025 10.0% | Dec 2025 3.7% | Mar 2026 17% | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -14% | Dec 2023 -13% | Mar 2024 -7.9% | Jun 2024 2.7% | Sep 2024 -1.5% | Dec 2024 2.5% | Mar 2025 0.0% | Jun 2025 -4.2% | Sep 2025 -4.1% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 14% | Jun 2024 19% | Sep 2024 128% | Dec 2024 11% | Mar 2025 -0.7% | Jun 2025 32% | Sep 2025 9.3% | Dec 2025 18% | Mar 2026 29% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: AGI Greenpac Ltd leads opm at 21%; Huhtamaki India Ltd leads margin change at +6 percentage points.

Investor read: AGI Greenpac Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: AGI Greenpac Ltd · 21% | 5% versus #2 · EPL Ltd | 3/8 recent comparable periods | 6/6 companies · 108 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. AGI Greenpac Ltd (AGI): 21%
2. EPL Ltd (EPL): 20%
3. TCPL Packaging Ltd (TCPLPACK): 15%
4. Haldyn Glass Ltd (HALDYNGL): 15%
5. Mold-Tek Packaging Ltd (MOLDTKPAC): 14%

### Margin change — fastest expanders
1. Huhtamaki India Ltd (HUHTAMAKI): +6.0 pp
2. Mold-Tek Packaging Ltd (MOLDTKPAC): +0.6 pp
3. AGI Greenpac Ltd (AGI): −1.0 pp
4. EPL Ltd (EPL): −1.0 pp
5. Haldyn Glass Ltd (HALDYNGL): −1.6 pp

### 20-quarter OPM history
- EPL: Sep 2021 18% | Dec 2021 16% | Mar 2022 15% | Jun 2022 15% | Sep 2022 16% | Dec 2022 16% | Mar 2023 16% | Jun 2023 17% | Sep 2023 18% | Dec 2023 19% | Mar 2024 19% | Jun 2024 18% | Sep 2024 20% | Dec 2024 20% | Mar 2025 21% | Jun 2025 20% | Sep 2025 21% | Dec 2025 20% | Mar 2026 20% | Jun 2026 —
- AGI: Sep 2021 18% | Dec 2021 20% | Mar 2022 17% | Jun 2022 17% | Sep 2022 17% | Dec 2022 19% | Mar 2023 26% | Jun 2023 24% | Sep 2023 22% | Dec 2023 24% | Mar 2024 23% | Jun 2024 24% | Sep 2024 26% | Dec 2024 26% | Mar 2025 22% | Jun 2025 21% | Sep 2025 25% | Dec 2025 24% | Mar 2026 21% | Jun 2026 —
- TCPLPACK: Sep 2021 14% | Dec 2021 15% | Mar 2022 14% | Jun 2022 16% | Sep 2022 16% | Dec 2022 16% | Mar 2023 16% | Jun 2023 17% | Sep 2023 16% | Dec 2023 15% | Mar 2024 18% | Jun 2024 18% | Sep 2024 17% | Dec 2024 15% | Mar 2025 17% | Jun 2025 17% | Sep 2025 15% | Dec 2025 17% | Mar 2026 15% | Jun 2026 —
- MOLDTKPAC: Sep 2021 20% | Dec 2021 20% | Mar 2022 18% | Jun 2022 15% | Sep 2022 15% | Dec 2022 14% | Mar 2023 15% | Jun 2023 14% | Sep 2023 13% | Dec 2023 13% | Mar 2024 15% | Jun 2024 12% | Sep 2024 11% | Dec 2024 11% | Mar 2025 13% | Jun 2025 14% | Sep 2025 12% | Dec 2025 12% | Mar 2026 14% | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.0% | Dec 2022 7.0% | Mar 2023 8.0% | Jun 2023 6.0% | Sep 2023 7.0% | Dec 2023 10% | Mar 2024 7.0% | Jun 2024 5.0% | Sep 2024 3.0% | Dec 2024 4.0% | Mar 2025 6.0% | Jun 2025 7.0% | Sep 2025 9.0% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 9.4% | Dec 2021 11% | Mar 2022 -0.3% | Jun 2022 8.8% | Sep 2022 9.7% | Dec 2022 11% | Mar 2023 7.9% | Jun 2023 16% | Sep 2023 -2.8% | Dec 2023 17% | Mar 2024 16% | Jun 2024 14% | Sep 2024 15% | Dec 2024 12% | Mar 2025 16% | Jun 2025 15% | Sep 2025 12% | Dec 2025 13% | Mar 2026 15% | Jun 2026 —

### 20-quarter Margin change history
- EPL: Sep 2021 −4.0 pp | Dec 2021 −4.9 pp | Mar 2022 −2.1 pp | Jun 2022 −3.3 pp | Sep 2022 −2.0 pp | Dec 2022 +0.4 pp | Mar 2023 +0.9 pp | Jun 2023 +2.2 pp | Sep 2023 +2.4 pp | Dec 2023 +3.0 pp | Mar 2024 +3.0 pp | Jun 2024 +1.0 pp | Sep 2024 +2.0 pp | Dec 2024 +1.0 pp | Mar 2025 +2.0 pp | Jun 2025 +2.0 pp | Sep 2025 +1.0 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp | Jun 2026 —
- AGI: Sep 2021 +3.3 pp | Dec 2021 +2.2 pp | Mar 2022 −3.9 pp | Jun 2022 +2.7 pp | Sep 2022 −1.9 pp | Dec 2022 −0.4 pp | Mar 2023 +9.4 pp | Jun 2023 +6.3 pp | Sep 2023 +5.2 pp | Dec 2023 +4.9 pp | Mar 2024 −2.6 pp | Jun 2024 +0.5 pp | Sep 2024 +4.3 pp | Dec 2024 +1.8 pp | Mar 2025 −1.4 pp | Jun 2025 −3.1 pp | Sep 2025 −1.0 pp | Dec 2025 −2.0 pp | Mar 2026 −1.0 pp | Jun 2026 —
- TCPLPACK: Sep 2021 −0.9 pp | Dec 2021 −0.5 pp | Mar 2022 +0.0 pp | Jun 2022 +2.5 pp | Sep 2022 +1.7 pp | Dec 2022 +0.9 pp | Mar 2023 +1.8 pp | Jun 2023 +1.1 pp | Sep 2023 +0.1 pp | Dec 2023 −1.0 pp | Mar 2024 +2.0 pp | Jun 2024 +1.0 pp | Sep 2024 +1.0 pp | Dec 2024 0.0 pp | Mar 2025 −1.0 pp | Jun 2025 −1.0 pp | Sep 2025 −2.0 pp | Dec 2025 +2.0 pp | Mar 2026 −2.0 pp | Jun 2026 —
- MOLDTKPAC: Sep 2021 −2.0 pp | Dec 2021 −1.0 pp | Mar 2022 −2.0 pp | Jun 2022 −4.5 pp | Sep 2022 −5.4 pp | Dec 2022 −6.5 pp | Mar 2023 −3.0 pp | Jun 2023 −0.7 pp | Sep 2023 −1.4 pp | Dec 2023 −0.9 pp | Mar 2024 −0.4 pp | Jun 2024 −1.5 pp | Sep 2024 −1.9 pp | Dec 2024 −1.4 pp | Mar 2025 −1.6 pp | Jun 2025 +1.3 pp | Sep 2025 +0.4 pp | Dec 2025 +0.5 pp | Mar 2026 +0.6 pp | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +4.0 pp | Dec 2023 +3.0 pp | Mar 2024 −1.0 pp | Jun 2024 −1.0 pp | Sep 2024 −4.0 pp | Dec 2024 −6.0 pp | Mar 2025 −1.0 pp | Jun 2025 +2.0 pp | Sep 2025 +6.0 pp | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 −6.9 pp | Dec 2021 −5.6 pp | Mar 2022 −7.2 pp | Jun 2022 −1.9 pp | Sep 2022 +0.4 pp | Dec 2022 −0.0 pp | Mar 2023 +8.2 pp | Jun 2023 +6.7 pp | Sep 2023 −12.5 pp | Dec 2023 +6.3 pp | Mar 2024 +8.2 pp | Jun 2024 −1.4 pp | Sep 2024 +17.3 pp | Dec 2024 −5.3 pp | Mar 2025 +0.2 pp | Jun 2025 +0.4 pp | Sep 2025 −2.8 pp | Dec 2025 +1.4 pp | Mar 2026 −1.6 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: EPL Ltd leads with ₹393 crore of TTM profit, 12% above AGI Greenpac Ltd. Mold-Tek Packaging Ltd shows 33.3% growth from a ₹64 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: EPL Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: EPL Ltd · ₹393 crore | 12% versus #2 · AGI Greenpac Ltd | 6/8 recent comparable periods | 6/6 companies · 100 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. EPL Ltd (EPL): ₹393 Cr
2. AGI Greenpac Ltd (AGI): ₹351 Cr
3. Huhtamaki India Ltd (HUHTAMAKI): ₹100 Cr
4. TCPL Packaging Ltd (TCPLPACK): ₹98 Cr
5. Mold-Tek Packaging Ltd (MOLDTKPAC): ₹64 Cr

### Profit growth — fastest growers
1. Mold-Tek Packaging Ltd (MOLDTKPAC): 33%
2. Haldyn Glass Ltd (HALDYNGL): 32%
3. AGI Greenpac Ltd (AGI): 8.7%
4. EPL Ltd (EPL): 8.0%
5. TCPL Packaging Ltd (TCPLPACK): -32%

### 20-quarter Net profit history
- EPL: Sep 2021 ₹51 Cr | Dec 2021 ₹57 Cr | Mar 2022 ₹49 Cr | Jun 2022 ₹33 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹63 Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹87 Cr | Mar 2024 ₹15 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹88 Cr | Dec 2024 ₹94 Cr | Mar 2025 ₹116 Cr | Jun 2025 ₹101 Cr | Sep 2025 ₹106 Cr | Dec 2025 ₹83 Cr | Mar 2026 ₹103 Cr | Jun 2026 —
- AGI: Sep 2021 ₹30 Cr | Dec 2021 ₹28 Cr | Mar 2022 — | Jun 2022 ₹66 Cr | Sep 2022 ₹34 Cr | Dec 2022 ₹53 Cr | Mar 2023 — | Jun 2023 ₹63 Cr | Sep 2023 ₹56 Cr | Dec 2023 ₹63 Cr | Mar 2024 ₹72 Cr | Jun 2024 ₹63 Cr | Sep 2024 ₹72 Cr | Dec 2024 ₹91 Cr | Mar 2025 ₹97 Cr | Jun 2025 ₹89 Cr | Sep 2025 ₹76 Cr | Dec 2025 ₹71 Cr | Mar 2026 ₹115 Cr | Jun 2026 —
- TCPLPACK: Sep 2021 ₹11 Cr | Dec 2021 ₹14 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹40 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹24 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹28 Cr | Dec 2023 ₹19 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹36 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹38 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹25 Cr | Mar 2026 ₹22 Cr | Jun 2026 —
- MOLDTKPAC: Sep 2021 ₹18 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹19 Cr | Dec 2022 ₹16 Cr | Mar 2023 ₹23 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹18 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹21 Cr | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹17 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹327 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹39 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹25 Cr | Sep 2025 ₹37 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹7 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹7 Cr | Jun 2026 —

### 20-quarter Profit growth history
- EPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -43% | Sep 2022 -9.8% | Dec 2022 11% | Mar 2023 73% | Jun 2023 70% | Sep 2023 13% | Dec 2023 38% | Mar 2024 -82% | Jun 2024 18% | Sep 2024 69% | Dec 2024 8.1% | Mar 2025 673% | Jun 2025 53% | Sep 2025 20% | Dec 2025 -12% | Mar 2026 -11% | Jun 2026 —
- AGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 500% | Sep 2022 13% | Dec 2022 89% | Mar 2023 — | Jun 2023 -4.6% | Sep 2023 65% | Dec 2023 19% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 29% | Dec 2024 44% | Mar 2025 35% | Jun 2025 41% | Sep 2025 5.6% | Dec 2025 -22% | Mar 2026 19% | Jun 2026 —
- TCPLPACK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 283% | Sep 2022 264% | Dec 2022 71% | Mar 2023 41% | Jun 2023 4.4% | Sep 2023 -30% | Dec 2023 -21% | Mar 2024 21% | Jun 2024 33% | Sep 2024 29% | Dec 2024 100% | Mar 2025 31% | Jun 2025 -31% | Sep 2025 -19% | Dec 2025 -34% | Mar 2026 -42% | Jun 2026 —
- MOLDTKPAC: Sep 2021 38% | Dec 2021 13% | Mar 2022 -5.6% | Jun 2022 83% | Sep 2022 5.6% | Dec 2022 -5.9% | Mar 2023 35% | Jun 2023 -14% | Sep 2023 -16% | Dec 2023 -13% | Mar 2024 -22% | Jun 2024 -11% | Sep 2024 -13% | Dec 2024 0.0% | Mar 2025 -11% | Jun 2025 29% | Sep 2025 7.1% | Dec 2025 0.0% | Mar 2026 31% | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1,824% | Mar 2024 -26% | Jun 2024 179% | Sep 2024 -63% | Dec 2024 -96% | Mar 2025 0.0% | Jun 2025 -36% | Sep 2025 208% | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HALDYNGL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 3.1% | Jun 2024 -44% | Sep 2024 81% | Dec 2024 -31% | Mar 2025 -33% | Jun 2025 5.9% | Sep 2025 30% | Dec 2025 32% | Mar 2026 62% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Huhtamaki India Ltd has the clearest covered balance-sheet capacity with ₹251 crore net cash and gross debt of ₹145 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Haldyn Glass Ltd · ₹116 crore | 20% versus #2 · Huhtamaki India Ltd | 0/8 recent comparable periods | 6/6 companies · 115 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Haldyn Glass Ltd (HALDYNGL): ₹116 Cr
2. Huhtamaki India Ltd (HUHTAMAKI): ₹145 Cr
3. Mold-Tek Packaging Ltd (MOLDTKPAC): ₹220 Cr
4. AGI Greenpac Ltd (AGI): ₹241 Cr
5. TCPL Packaging Ltd (TCPLPACK): ₹634 Cr

### Net debt — lowest net debt
1. Huhtamaki India Ltd (HUHTAMAKI): ₹-251 Cr
2. AGI Greenpac Ltd (AGI): ₹74 Cr
3. Haldyn Glass Ltd (HALDYNGL): ₹105 Cr
4. Mold-Tek Packaging Ltd (MOLDTKPAC): ₹219 Cr
5. TCPL Packaging Ltd (TCPLPACK): ₹616 Cr

### 20-quarter Gross debt history
- EPL: Sep 2021 ₹718 Cr | Dec 2021 ₹718 Cr | Mar 2022 ₹769 Cr | Jun 2022 ₹767 Cr | Sep 2022 ₹862 Cr | Dec 2022 ₹862 Cr | Mar 2023 ₹890 Cr | Jun 2023 ₹890 Cr | Sep 2023 ₹919 Cr | Dec 2023 ₹919 Cr | Mar 2024 ₹912 Cr | Jun 2024 ₹912 Cr | Sep 2024 ₹846 Cr | Dec 2024 ₹846 Cr | Mar 2025 ₹802 Cr | Jun 2025 ₹803 Cr | Sep 2025 ₹850 Cr | Dec 2025 ₹850 Cr | Mar 2026 ₹962 Cr | Jun 2026 —
- AGI: Sep 2021 ₹1.0K Cr | Dec 2021 ₹1.0K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹737 Cr | Jun 2023 ₹738 Cr | Sep 2023 ₹802 Cr | Dec 2023 ₹802 Cr | Mar 2024 ₹619 Cr | Jun 2024 ₹620 Cr | Sep 2024 ₹606 Cr | Dec 2024 ₹606 Cr | Mar 2025 ₹553 Cr | Jun 2025 ₹556 Cr | Sep 2025 ₹460 Cr | Dec 2025 ₹463 Cr | Mar 2026 ₹241 Cr | Jun 2026 —
- TCPLPACK: Sep 2021 ₹404 Cr | Dec 2021 ₹404 Cr | Mar 2022 ₹463 Cr | Jun 2022 ₹463 Cr | Sep 2022 ₹467 Cr | Dec 2022 ₹467 Cr | Mar 2023 ₹501 Cr | Jun 2023 ₹501 Cr | Sep 2023 ₹585 Cr | Dec 2023 ₹585 Cr | Mar 2024 ₹504 Cr | Jun 2024 ₹504 Cr | Sep 2024 ₹601 Cr | Dec 2024 ₹601 Cr | Mar 2025 ₹651 Cr | Jun 2025 ₹651 Cr | Sep 2025 ₹691 Cr | Dec 2025 ₹691 Cr | Mar 2026 ₹634 Cr | Jun 2026 —
- MOLDTKPAC: Sep 2021 ₹114 Cr | Dec 2021 ₹114 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹44 Cr | Sep 2022 ₹41 Cr | Dec 2022 ₹41 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹77 Cr | Dec 2023 ₹77 Cr | Mar 2024 ₹132 Cr | Jun 2024 ₹126 Cr | Sep 2024 ₹166 Cr | Dec 2024 ₹166 Cr | Mar 2025 ₹181 Cr | Jun 2025 ₹181 Cr | Sep 2025 ₹227 Cr | Dec 2025 ₹227 Cr | Mar 2026 ₹220 Cr | Jun 2026 —
- HUHTAMAKI: Sep 2021 ₹408 Cr | Dec 2021 ₹412 Cr | Mar 2022 ₹409 Cr | Jun 2022 ₹541 Cr | Sep 2022 ₹541 Cr | Dec 2022 ₹410 Cr | Mar 2023 ₹410 Cr | Jun 2023 ₹413 Cr | Sep 2023 ₹413 Cr | Dec 2023 ₹255 Cr | Mar 2024 ₹255 Cr | Jun 2024 ₹258 Cr | Sep 2024 ₹258 Cr | Dec 2024 ₹149 Cr | Mar 2025 ₹149 Cr | Jun 2025 ₹149 Cr | Sep 2025 ₹149 Cr | Dec 2025 ₹144 Cr | Mar 2026 ₹144 Cr | Jun 2026 ₹145 Cr
- HALDYNGL: Sep 2021 ₹11 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹10 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹47 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹97 Cr | Dec 2023 ₹97 Cr | Mar 2024 ₹123 Cr | Jun 2024 ₹123 Cr | Sep 2024 ₹124 Cr | Dec 2024 ₹124 Cr | Mar 2025 ₹128 Cr | Jun 2025 ₹128 Cr | Sep 2025 ₹133 Cr | Dec 2025 ₹133 Cr | Mar 2026 ₹116 Cr | Jun 2026 —

### 20-quarter Net debt history
- EPL: Sep 2021 ₹457 Cr | Dec 2021 ₹457 Cr | Mar 2022 ₹582 Cr | Jun 2022 ₹580 Cr | Sep 2022 ₹690 Cr | Dec 2022 ₹690 Cr | Mar 2023 ₹636 Cr | Jun 2023 ₹636 Cr | Sep 2023 ₹691 Cr | Dec 2023 ₹691 Cr | Mar 2024 ₹711 Cr | Jun 2024 ₹711 Cr | Sep 2024 ₹695 Cr | Dec 2024 ₹695 Cr | Mar 2025 ₹587 Cr | Jun 2025 ₹581 Cr | Sep 2025 ₹622 Cr | Dec 2025 ₹622 Cr | Mar 2026 ₹749 Cr | Jun 2026 —
- AGI: Sep 2021 ₹1.0K Cr | Dec 2021 ₹1.0K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹827 Cr | Dec 2022 ₹827 Cr | Mar 2023 ₹502 Cr | Jun 2023 ₹459 Cr | Sep 2023 ₹558 Cr | Dec 2023 ₹558 Cr | Mar 2024 ₹270 Cr | Jun 2024 ₹230 Cr | Sep 2024 ₹337 Cr | Dec 2024 ₹337 Cr | Mar 2025 ₹162 Cr | Jun 2025 ₹157 Cr | Sep 2025 ₹447 Cr | Dec 2025 ₹447 Cr | Mar 2026 ₹74 Cr | Jun 2026 —
- TCPLPACK: Sep 2021 ₹386 Cr | Dec 2021 ₹386 Cr | Mar 2022 ₹454 Cr | Jun 2022 ₹457 Cr | Sep 2022 ₹460 Cr | Dec 2022 ₹460 Cr | Mar 2023 ₹495 Cr | Jun 2023 ₹495 Cr | Sep 2023 ₹540 Cr | Dec 2023 ₹540 Cr | Mar 2024 ₹482 Cr | Jun 2024 ₹482 Cr | Sep 2024 ₹570 Cr | Dec 2024 ₹570 Cr | Mar 2025 ₹633 Cr | Jun 2025 ₹633 Cr | Sep 2025 ₹676 Cr | Dec 2025 ₹676 Cr | Mar 2026 ₹616 Cr | Jun 2026 —
- MOLDTKPAC: Sep 2021 ₹111 Cr | Dec 2021 ₹111 Cr | Mar 2022 ₹40 Cr | Jun 2022 ₹28 Cr | Sep 2022 ₹37 Cr | Dec 2022 ₹37 Cr | Mar 2023 ₹42 Cr | Jun 2023 ₹41 Cr | Sep 2023 ₹75 Cr | Dec 2023 ₹75 Cr | Mar 2024 ₹132 Cr | Jun 2024 ₹124 Cr | Sep 2024 ₹161 Cr | Dec 2024 ₹161 Cr | Mar 2025 ₹181 Cr | Jun 2025 ₹179 Cr | Sep 2025 ₹226 Cr | Dec 2025 ₹226 Cr | Mar 2026 ₹219 Cr | Jun 2026 —
- HUHTAMAKI: Sep 2021 ₹349 Cr | Dec 2021 ₹380 Cr | Mar 2022 ₹376 Cr | Jun 2022 ₹527 Cr | Sep 2022 ₹527 Cr | Dec 2022 ₹367 Cr | Mar 2023 ₹367 Cr | Jun 2023 ₹361 Cr | Sep 2023 ₹361 Cr | Dec 2023 ₹-136 Cr | Mar 2024 ₹-136 Cr | Jun 2024 ₹-62 Cr | Sep 2024 ₹-62 Cr | Dec 2024 ₹-178 Cr | Mar 2025 ₹-178 Cr | Jun 2025 ₹-132 Cr | Sep 2025 ₹-132 Cr | Dec 2025 ₹-349 Cr | Mar 2026 ₹-349 Cr | Jun 2026 ₹-251 Cr
- HALDYNGL: Sep 2021 ₹-23 Cr | Dec 2021 ₹-23 Cr | Mar 2022 ₹-4 Cr | Jun 2022 ₹-20 Cr | Sep 2022 ₹-10 Cr | Dec 2022 ₹-10 Cr | Mar 2023 ₹41 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹86 Cr | Dec 2023 ₹86 Cr | Mar 2024 ₹121 Cr | Jun 2024 ₹112 Cr | Sep 2024 ₹111 Cr | Dec 2024 ₹111 Cr | Mar 2025 ₹127 Cr | Jun 2025 ₹116 Cr | Sep 2025 ₹121 Cr | Dec 2025 ₹121 Cr | Mar 2026 ₹105 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Mold-Tek Packaging Ltd leads ROCE at 22.2%, 2.6 percentage points above AGI Greenpac Ltd. Huhtamaki India Ltd has the strongest latest improvement at +5.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Mold-Tek Packaging Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Mold-Tek Packaging Ltd · 22.2% | 13.3% versus #2 · AGI Greenpac Ltd | 2/8 recent comparable periods | 6/6 companies · 81 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Mold-Tek Packaging Ltd (MOLDTKPAC): 22%
2. AGI Greenpac Ltd (AGI): 20%
3. EPL Ltd (EPL): 18%
4. TCPL Packaging Ltd (TCPLPACK): 18%
5. Huhtamaki India Ltd (HUHTAMAKI): 18%

### ROCE change — fastest improvers
1. Huhtamaki India Ltd (HUHTAMAKI): +5.4 pp
2. Haldyn Glass Ltd (HALDYNGL): +2.0 pp
3. Mold-Tek Packaging Ltd (MOLDTKPAC): +1.5 pp
4. AGI Greenpac Ltd (AGI): +0.1 pp
5. EPL Ltd (EPL): −1.0 pp

### 20-quarter ROCE history
- EPL: Sep 2021 16% | Dec 2021 — | Mar 2022 14% | Jun 2022 — | Sep 2022 12% | Dec 2022 — | Mar 2023 13% | Jun 2023 — | Sep 2023 15% | Dec 2023 17% | Mar 2024 15% | Jun 2024 15% | Sep 2024 18% | Dec 2024 16% | Mar 2025 19% | Jun 2025 20% | Sep 2025 19% | Dec 2025 21% | Mar 2026 18% | Jun 2026 —
- AGI: Sep 2021 5.9% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 7.7% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 11% | Dec 2023 — | Mar 2024 16% | Jun 2024 — | Sep 2024 16% | Dec 2024 — | Mar 2025 17% | Jun 2025 20% | Sep 2025 18% | Dec 2025 19% | Mar 2026 17% | Jun 2026 —
- TCPLPACK: Sep 2021 17% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 22% | Dec 2022 — | Mar 2023 25% | Jun 2023 — | Sep 2023 23% | Dec 2023 26% | Mar 2024 22% | Jun 2024 26% | Sep 2024 23% | Dec 2024 27% | Mar 2025 23% | Jun 2025 26% | Sep 2025 21% | Dec 2025 23% | Mar 2026 20% | Jun 2026 —
- MOLDTKPAC: Sep 2021 28% | Dec 2021 29% | Mar 2022 19% | Jun 2022 — | Sep 2022 20% | Dec 2022 — | Mar 2023 18% | Jun 2023 — | Sep 2023 15% | Dec 2023 — | Mar 2024 14% | Jun 2024 — | Sep 2024 13% | Dec 2024 — | Mar 2025 13% | Jun 2025 — | Sep 2025 13% | Dec 2025 — | Mar 2026 14% | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 1.6% | Mar 2022 — | Jun 2022 3.9% | Sep 2022 — | Dec 2022 7.0% | Mar 2023 — | Jun 2023 8.9% | Sep 2023 13% | Dec 2023 10% | Mar 2024 44% | Jun 2024 9.2% | Sep 2024 43% | Dec 2024 5.1% | Mar 2025 9.6% | Jun 2025 5.3% | Sep 2025 10% | Dec 2025 9.6% | Mar 2026 — | Jun 2026 11%
- HALDYNGL: Sep 2021 9.7% | Dec 2021 — | Mar 2022 6.1% | Jun 2022 — | Sep 2022 8.2% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 5.9% | Dec 2023 14% | Mar 2024 8.0% | Jun 2024 15% | Sep 2024 11% | Dec 2024 15% | Mar 2025 8.7% | Jun 2025 12% | Sep 2025 9.2% | Dec 2025 13% | Mar 2026 11% | Jun 2026 —

### 20-quarter ROCE change history
- EPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.0 pp | Dec 2022 — | Mar 2023 −0.8 pp | Jun 2023 — | Sep 2023 +2.4 pp | Dec 2023 — | Mar 2024 +2.1 pp | Jun 2024 — | Sep 2024 +2.9 pp | Dec 2024 −0.2 pp | Mar 2025 +3.3 pp | Jun 2025 +5.5 pp | Sep 2025 +1.1 pp | Dec 2025 +4.1 pp | Mar 2026 −1.0 pp | Jun 2026 —
- AGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.8 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +3.7 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +4.1 pp | Dec 2024 — | Mar 2025 +1.0 pp | Jun 2025 — | Sep 2025 +2.2 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 —
- TCPLPACK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.3 pp | Dec 2022 — | Mar 2023 +8.4 pp | Jun 2023 — | Sep 2023 +1.0 pp | Dec 2023 — | Mar 2024 −2.5 pp | Jun 2024 — | Sep 2024 −0.4 pp | Dec 2024 +1.0 pp | Mar 2025 +0.5 pp | Jun 2025 −0.5 pp | Sep 2025 −1.4 pp | Dec 2025 −4.1 pp | Mar 2026 −2.3 pp | Jun 2026 —
- MOLDTKPAC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.6 pp | Dec 2022 — | Mar 2023 −1.2 pp | Jun 2023 — | Sep 2023 −4.8 pp | Dec 2023 — | Mar 2024 −3.6 pp | Jun 2024 — | Sep 2024 −2.7 pp | Dec 2024 — | Mar 2025 −1.5 pp | Jun 2025 — | Sep 2025 +0.7 pp | Dec 2025 — | Mar 2026 +1.5 pp | Jun 2026 —
- HUHTAMAKI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +5.4 pp | Mar 2023 — | Jun 2023 +5.0 pp | Sep 2023 — | Dec 2023 +3.2 pp | Mar 2024 — | Jun 2024 +0.3 pp | Sep 2024 +30.3 pp | Dec 2024 −5.1 pp | Mar 2025 −33.9 pp | Jun 2025 −3.9 pp | Sep 2025 −33.2 pp | Dec 2025 +4.5 pp | Mar 2026 — | Jun 2026 +5.4 pp
- HALDYNGL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 — | Mar 2023 +5.1 pp | Jun 2023 — | Sep 2023 −2.3 pp | Dec 2023 — | Mar 2024 −3.2 pp | Jun 2024 — | Sep 2024 +5.0 pp | Dec 2024 +0.4 pp | Mar 2025 +0.7 pp | Jun 2025 −2.7 pp | Sep 2025 −1.7 pp | Dec 2025 −1.3 pp | Mar 2026 +2.0 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: EPL Ltd has the lowest comparable Guarded PEG at 0.41×, 53.4% below Mold-Tek Packaging Ltd. Only 4 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: EPL Ltd · 0.41× | 53.4% versus #2 · Mold-Tek Packaging Ltd | 0/8 recent comparable periods | 4/6 companies · 33 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. EPL Ltd (EPL): 0.4
2. Mold-Tek Packaging Ltd (MOLDTKPAC): 0.9
3. TCPL Packaging Ltd (TCPLPACK): 1.0
4. AGI Greenpac Ltd (AGI): 2.9

### P/E — lowest P/E
1. AGI Greenpac Ltd (AGI): 12.2
2. EPL Ltd (EPL): 18.2
3. Haldyn Glass Ltd (HALDYNGL): 24.4
4. TCPL Packaging Ltd (TCPLPACK): 27.5
5. Huhtamaki India Ltd (HUHTAMAKI): 28.5

### 20-quarter Guarded PEG history
- EPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.5 | Jun 2024 1.4 | Sep 2024 — | Dec 2024 1.6 | Mar 2025 2.1 | Jun 2025 0.5 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 — | Jun 2026 —
- AGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 3.1 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 3.4 | Mar 2024 — | Jun 2024 — | Sep 2024 3.6 | Dec 2024 3.4 | Mar 2025 2.4 | Jun 2025 2.1 | Sep 2025 2.9 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TCPLPACK: Sep 2021 — | Dec 2021 0.8 | Mar 2022 0.4 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 2.4 | Sep 2023 0.4 | Dec 2023 0.6 | Mar 2024 2.0 | Jun 2024 0.7 | Sep 2024 2.8 | Dec 2024 1.8 | Mar 2025 0.8 | Jun 2025 — | Sep 2025 1.0 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- MOLDTKPAC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.2 | Sep 2022 — | Dec 2022 — | Mar 2023 1.6 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.9 | Sep 2025 3.8 | Dec 2025 5.8 | Mar 2026 0.9 | Jun 2026 —

### 20-quarter P/E history
- EPL: Sep 2021 31.3 | Dec 2021 27.7 | Mar 2022 23.7 | Jun 2022 22.3 | Sep 2022 29.2 | Dec 2022 29.0 | Mar 2023 26.8 | Jun 2023 29.9 | Sep 2023 24.0 | Dec 2023 25.5 | Mar 2024 20.7 | Jun 2024 25.2 | Sep 2024 31.2 | Dec 2024 28.4 | Mar 2025 21.1 | Jun 2025 21.3 | Sep 2025 16.6 | Dec 2025 16.3 | Mar 2026 15.4 | Jun 2026 —
- AGI: Sep 2021 24.5 | Dec 2021 22.5 | Mar 2022 33.0 | Jun 2022 20.8 | Sep 2022 35.7 | Dec 2022 34.9 | Mar 2023 34.5 | Jun 2023 61.7 | Sep 2023 96.2 | Dec 2023 88.4 | Mar 2024 77.5 | Jun 2024 75.2 | Sep 2024 102.0 | Dec 2024 119.7 | Mar 2025 79.5 | Jun 2025 86.1 | Sep 2025 16.2 | Dec 2025 13.6 | Mar 2026 9.4 | Jun 2026 —
- TCPLPACK: Sep 2021 12.4 | Dec 2021 12.2 | Mar 2022 14.4 | Jun 2022 15.4 | Sep 2022 16.6 | Dec 2022 18.3 | Mar 2023 14.8 | Jun 2023 13.9 | Sep 2023 20.7 | Dec 2023 20.4 | Mar 2024 21.2 | Jun 2024 22.9 | Sep 2024 28.8 | Dec 2024 25.3 | Mar 2025 31.0 | Jun 2025 23.3 | Sep 2025 22.6 | Dec 2025 22.0 | Mar 2026 17.5 | Jun 2026 —
- MOLDTKPAC: Sep 2021 25.5 | Dec 2021 36.1 | Mar 2022 32.0 | Jun 2022 32.3 | Sep 2022 43.0 | Dec 2022 46.3 | Mar 2023 44.4 | Jun 2023 49.7 | Sep 2023 45.0 | Dec 2023 45.1 | Mar 2024 38.4 | Jun 2024 39.4 | Sep 2024 37.2 | Dec 2024 33.4 | Mar 2025 20.7 | Jun 2025 33.5 | Sep 2025 36.1 | Dec 2025 29.7 | Mar 2026 23.7 | Jun 2026 —
- HUHTAMAKI: Sep 2021 23.1 | Dec 2021 19.6 | Mar 2022 13.2 | Jun 2022 14.0 | Sep 2022 18.8 | Dec 2022 17.1 | Mar 2023 16.3 | Jun 2023 23.5 | Sep 2023 22.1 | Dec 2023 24.7 | Mar 2024 25.7 | Jun 2024 31.0 | Sep 2024 33.5 | Dec 2024 23.9 | Mar 2025 15.5 | Jun 2025 18.5 | Sep 2025 19.7 | Dec 2025 17.9 | Mar 2026 13.4 | Jun 2026 16.9
- HALDYNGL: Sep 2021 15.6 | Dec 2021 16.8 | Mar 2022 19.4 | Jun 2022 16.9 | Sep 2022 20.4 | Dec 2022 17.1 | Mar 2023 14.4 | Jun 2023 14.6 | Sep 2023 19.2 | Dec 2023 30.8 | Mar 2024 32.6 | Jun 2024 29.7 | Sep 2024 41.1 | Dec 2024 34.8 | Mar 2025 22.5 | Jun 2025 31.5 | Sep 2025 26.4 | Dec 2025 24.2 | Mar 2026 17.3 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: AGI Greenpac Ltd leads both ev/ebitda at 5.4× and p/bv at 1.81×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: AGI Greenpac Ltd · 5.4× | 22.9% versus #2 · Haldyn Glass Ltd | 0/8 recent comparable periods | 6/6 companies · 115 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. AGI Greenpac Ltd (AGI): 5.4
2. Haldyn Glass Ltd (HALDYNGL): 7.0
3. Huhtamaki India Ltd (HUHTAMAKI): 7.0
4. EPL Ltd (EPL): 7.1
5. TCPL Packaging Ltd (TCPLPACK): 9.0

### P/BV — lowest P/BV
1. AGI Greenpac Ltd (AGI): 1.8
2. EPL Ltd (EPL): 2.6
3. Haldyn Glass Ltd (HALDYNGL): 2.7
4. Huhtamaki India Ltd (HUHTAMAKI): 3.4
5. TCPL Packaging Ltd (TCPLPACK): 4.1

### 20-quarter EV/EBITDA history
- EPL: Sep 2021 13.3 | Dec 2021 11.6 | Mar 2022 9.8 | Jun 2022 8.9 | Sep 2022 11.2 | Dec 2022 11.0 | Mar 2023 10.1 | Jun 2023 12.0 | Sep 2023 10.0 | Dec 2023 10.2 | Mar 2024 8.5 | Jun 2024 8.9 | Sep 2024 11.0 | Dec 2024 10.9 | Mar 2025 8.4 | Jun 2025 9.6 | Sep 2025 7.8 | Dec 2025 7.8 | Mar 2026 7.1 | Jun 2026 —
- AGI: Sep 2021 7.6 | Dec 2021 7.3 | Mar 2022 9.1 | Jun 2022 7.0 | Sep 2022 9.6 | Dec 2022 9.5 | Mar 2023 9.4 | Jun 2023 14.2 | Sep 2023 20.4 | Dec 2023 19.0 | Mar 2024 17.1 | Jun 2024 16.6 | Sep 2024 21.4 | Dec 2024 22.3 | Mar 2025 15.1 | Jun 2025 18.7 | Sep 2025 8.1 | Dec 2025 7.4 | Mar 2026 5.4 | Jun 2026 —
- TCPLPACK: Sep 2021 5.6 | Dec 2021 6.0 | Mar 2022 6.8 | Jun 2022 6.6 | Sep 2022 8.2 | Dec 2022 8.8 | Mar 2023 7.6 | Jun 2023 7.1 | Sep 2023 9.9 | Dec 2023 10.1 | Mar 2024 10.0 | Jun 2024 10.6 | Sep 2024 13.2 | Dec 2024 12.3 | Mar 2025 15.5 | Jun 2025 12.3 | Sep 2025 11.8 | Dec 2025 11.1 | Mar 2026 9.0 | Jun 2026 —
- MOLDTKPAC: Sep 2021 14.4 | Dec 2021 21.6 | Mar 2022 19.5 | Jun 2022 19.8 | Sep 2022 23.9 | Dec 2022 25.7 | Mar 2023 24.7 | Jun 2023 27.7 | Sep 2023 25.1 | Dec 2023 25.1 | Mar 2024 21.5 | Jun 2024 22.0 | Sep 2024 20.8 | Dec 2024 18.7 | Mar 2025 11.7 | Jun 2025 18.8 | Sep 2025 20.2 | Dec 2025 16.7 | Mar 2026 13.3 | Jun 2026 —
- HUHTAMAKI: Sep 2021 9.1 | Dec 2021 7.9 | Mar 2022 5.8 | Jun 2022 6.1 | Sep 2022 7.7 | Dec 2022 7.1 | Mar 2023 6.8 | Jun 2023 9.2 | Sep 2023 8.8 | Dec 2023 9.6 | Mar 2024 10.0 | Jun 2024 11.7 | Sep 2024 12.5 | Dec 2024 9.4 | Mar 2025 6.6 | Jun 2025 7.6 | Sep 2025 8.0 | Dec 2025 7.4 | Mar 2026 5.9 | Jun 2026 7.0
- HALDYNGL: Sep 2021 6.4 | Dec 2021 7.9 | Mar 2022 8.4 | Jun 2022 7.4 | Sep 2022 11.6 | Dec 2022 10.5 | Mar 2023 8.6 | Jun 2023 9.1 | Sep 2023 12.6 | Dec 2023 20.6 | Mar 2024 19.1 | Jun 2024 12.3 | Sep 2024 15.6 | Dec 2024 12.6 | Mar 2025 8.1 | Jun 2025 10.6 | Sep 2025 9.0 | Dec 2025 8.8 | Mar 2026 7.0 | Jun 2026 —

### 20-quarter P/BV history
- EPL: Sep 2021 4.7 | Dec 2021 3.7 | Mar 2022 3.0 | Jun 2022 2.8 | Sep 2022 3.0 | Dec 2022 2.9 | Mar 2023 2.8 | Jun 2023 3.7 | Sep 2023 3.0 | Dec 2023 3.2 | Mar 2024 2.8 | Jun 2024 3.2 | Sep 2024 3.9 | Dec 2024 3.8 | Mar 2025 2.9 | Jun 2025 3.7 | Sep 2025 2.8 | Dec 2025 2.6 | Mar 2026 2.4 | Jun 2026 —
- AGI: Sep 2021 1.1 | Dec 2021 1.0 | Mar 2022 1.5 | Jun 2022 0.9 | Sep 2022 1.6 | Dec 2022 1.6 | Mar 2023 1.6 | Jun 2023 2.8 | Sep 2023 4.3 | Dec 2023 4.0 | Mar 2024 3.5 | Jun 2024 3.4 | Sep 2024 4.6 | Dec 2024 3.8 | Mar 2025 2.5 | Jun 2025 3.9 | Sep 2025 2.7 | Dec 2025 2.1 | Mar 2026 1.4 | Jun 2026 —
- TCPLPACK: Sep 2021 1.6 | Dec 2021 1.5 | Mar 2022 2.0 | Jun 2022 2.4 | Sep 2022 2.7 | Dec 2022 3.5 | Mar 2023 3.8 | Jun 2023 3.8 | Sep 2023 4.5 | Dec 2023 4.3 | Mar 2024 4.3 | Jun 2024 5.2 | Sep 2024 6.0 | Dec 2024 5.1 | Mar 2025 7.3 | Jun 2025 6.4 | Sep 2025 4.7 | Dec 2025 4.2 | Mar 2026 3.2 | Jun 2026 —
- MOLDTKPAC: Sep 2021 5.8 | Dec 2021 7.9 | Mar 2022 7.6 | Jun 2022 7.5 | Sep 2022 6.0 | Dec 2022 6.4 | Mar 2023 6.2 | Jun 2023 6.9 | Sep 2023 6.3 | Dec 2023 6.3 | Mar 2024 5.3 | Jun 2024 5.5 | Sep 2024 5.2 | Dec 2024 4.7 | Mar 2025 2.9 | Jun 2025 4.7 | Sep 2025 5.0 | Dec 2025 4.1 | Mar 2026 3.3 | Jun 2026 —
- HUHTAMAKI: Sep 2021 2.9 | Dec 2021 2.5 | Mar 2022 1.6 | Jun 2022 1.8 | Sep 2022 2.4 | Dec 2022 2.1 | Mar 2023 2.0 | Jun 2023 2.9 | Sep 2023 2.8 | Dec 2023 3.1 | Mar 2024 3.2 | Jun 2024 3.9 | Sep 2024 4.2 | Dec 2024 3.0 | Mar 2025 1.9 | Jun 2025 2.3 | Sep 2025 2.5 | Dec 2025 2.2 | Mar 2026 1.7 | Jun 2026 2.1
- HALDYNGL: Sep 2021 1.4 | Dec 2021 1.6 | Mar 2022 1.5 | Jun 2022 1.4 | Sep 2022 2.0 | Dec 2022 2.2 | Mar 2023 2.2 | Jun 2023 2.6 | Sep 2023 3.2 | Dec 2023 4.0 | Mar 2024 4.2 | Jun 2024 4.1 | Sep 2024 4.2 | Dec 2024 3.8 | Mar 2025 2.3 | Jun 2025 3.0 | Sep 2025 2.4 | Dec 2025 2.3 | Mar 2026 1.8 | Jun 2026 —

## Market action

Huhtamaki India Ltd has the strongest one-year price move in Packaging - FMCG/Consumers at +40.1%. It also leads on Mansfield relative strength against NIFTY at +57.1%. 5 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Huhtamaki India Ltd (HUHTAMAKI): 40%
2. Mold-Tek Packaging Ltd (MOLDTKPAC): 3.5%
3. EPL Ltd (EPL): -0.7%
4. TCPL Packaging Ltd (TCPLPACK): -14%
5. AGI Greenpac Ltd (AGI): -22%

### Strongest relative strength versus NIFTY 500
1. Huhtamaki India Ltd (HUHTAMAKI): 57%
2. Haldyn Glass Ltd (HALDYNGL): 21%
3. Mold-Tek Packaging Ltd (MOLDTKPAC): 12%
4. TCPL Packaging Ltd (TCPLPACK): 9.9%
5. EPL Ltd (EPL): 8.5%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.

## Every company
- EPL Ltd (EPL) — market value ₹7.5K Cr; latest fundamentals Mar 2026
- AGI Greenpac Ltd (AGI) — market value ₹4.4K Cr; latest fundamentals Mar 2026
- TCPL Packaging Ltd (TCPLPACK) — market value ₹2.9K Cr; latest fundamentals Mar 2026
- Mold-Tek Packaging Ltd (MOLDTKPAC) — market value ₹2.4K Cr; latest fundamentals Mar 2026
- Huhtamaki India Ltd (HUHTAMAKI) — market value ₹2.4K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures
- Haldyn Glass Ltd (HALDYNGL) — market value ₹639 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 4. Unverified: 2. Withheld: 0. Graded companies: 6.

2 of 6 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | HUHTAMAKI | Huhtamaki India Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | HALDYNGL | Haldyn Glass Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Packaging - FMCG/Consumers index?

The Nifty Packaging - FMCG/Consumers index tracks India's listed Packaging - FMCG/Consumers companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Packaging - FMCG/Consumers sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Packaging - FMCG/Consumers stocks in India?

Ranked by this page's four-factor score, Mold-Tek Packaging Ltd places first among 6 listed Packaging - FMCG/Consumers companies, followed by Haldyn Glass Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Packaging - FMCG/Consumers stocks are listed in India?

This comparison covers 6 listed Packaging - FMCG/Consumers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Packaging - FMCG/Consumers company is the biggest?

EPL Ltd is the largest, with trailing-twelve-month revenue of ₹4,763 crore, ahead of AGI Greenpac Ltd at ₹2,666 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

### Which Packaging - FMCG/Consumers company is growing fastest?

Mold-Tek Packaging Ltd has the fastest revenue growth at 31.9% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Packaging - FMCG/Consumers company has the best profit margins?

AGI Greenpac Ltd has the highest operating margin at 21%, from 6 of 6 comparable companies. Huhtamaki India Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Packaging - FMCG/Consumers company makes the most profit?

EPL Ltd earns the most, at ₹393 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Mold-Tek Packaging Ltd has the fastest profit growth at 33.3%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Packaging - FMCG/Consumers company earns the highest return on capital?

Mold-Tek Packaging Ltd leads on return on capital employed at 22.2%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Packaging - FMCG/Consumers stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — EPL Ltd screens cheapest at 0.41×. Only 4 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Packaging - FMCG/Consumers company has the strongest balance sheet?

Haldyn Glass Ltd carries the lowest comparable gross debt at ₹116 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Is the Packaging - FMCG/Consumers sector beating the market?

Packaging - FMCG/Consumers has outperformed NIFTY 500 by 4.5% over the last 52 weeks and 29.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Packaging - FMCG/Consumers stock has the strongest price momentum?

Huhtamaki India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Packaging - FMCG/Consumers company scores highest for research priority?

Mold-Tek Packaging Ltd scores 69.1 out of 100 with 89.6% evidence confidence, from 27.3 points on growth and earnings, 16.9 on capital efficiency, 11.1 on valuation and 13.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Packaging - FMCG/Consumers companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Packaging - FMCG/Consumers sector?

The 6 Packaging - FMCG/Consumers companies on this page carry ₹20,217 crore of combined market value. EPL Ltd is the largest at ₹7,465 crore, about 37% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Packaging - FMCG/Consumers sector's P/E ratio?

The median price-to-earnings ratio across the 6 Packaging - FMCG/Consumers companies on this page is 27.5×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Packaging - FMCG/Consumers sector performing?

5 of the 6 covered Packaging - FMCG/Consumers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 4.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/packaging-fmcg-consumers