# Packaging - Others — company-by-company sector analysis > Packaging - Others: 1 companies, compared one question at a time. Sector Alpha — machine-written from the numbers. Data as of 2026-10-04. Not investment advice. Packaging - Others has one listed company in India: Subam Papers Ltd (₹604 Cr, the largest). 1 of 1 covered company beats NIFTY 500 on relative strength. Readings are as of 4 Oct 2026. ## Bottom line Packaging - Others has outperformed NIFTY 500 by 57.4% over 52 weeks and 6.3% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Subam Papers Ltd leads with revenue of ₹612 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Packaging - Others has outperformed NIFTY 500 by 57.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.3%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Subam Papers Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: 6.3% 52-week sector return versus NIFTY 500: 57% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹604 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. Subam Papers Ltd (544267): 38/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 11.8/35 | Capital efficiency 3.6/25 | Valuation 10.0/20 | Relative strength 12.5/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks - Exact sum: 11.8 + 3.6 + 10 + 12.5 = 37.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Subam Papers Ltd has the strongest one-year price move in Packaging - Others at +64%. It also leads on Mansfield relative strength against NIFTY at +18.5%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-10-01. ### Strongest one-year price performers 1. Subam Papers Ltd (544267): 64% ### Strongest relative strength versus NIFTY 500 1. Subam Papers Ltd (544267): 19% ## Packaging - Others — the story behind the numbers This is the written read behind the Packaging - Others figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 4 themes are live here. The Packaging - Others sector, represented by Subam Papers Ltd (544267), shows an IMPROVING demand environment. Revenue from operations was Rs 120 crore, up 26.3% YoY. However, profitability remains challenged with a net loss of ₹2.60 Cr in Q4 FY26, though this represents a 23% narrowing from the prior year. How old this read is: This read comes from our Packaging - Others sector brief dated 28 Jul 2026 — 68 days old. The numbers above it are newer than the words here. ### Live themes, worst first - MEDIUM | Half of raw material wastepaper is imported, exposing production costs to global pricing volatility and supply chain disruptions. | Company imports 6-7 million tons from US, UK, Europe, and Canada to bridge domestic collection gaps and improve quality. | named for 544267 - MEDIUM | Credit rating carries 'Issuer Not Cooperating' suffix due to lack of information provision, potentially restricting debt access and increasing borrowing costs. | Company cited technical issues for filing delays and committed to strengthening internal processes for timely compliance. | quoted: "The overall project cost was adjusted downward from ₹107.04 crore to ₹104.37 crore to align with the actual funds raised." | named for 544267 - LOW | Current reliance on transshipment ports increases import and export costs until Vizhinjam Seaport becomes fully operational. | Proximity to upcoming Vizhinjam Seaport situated just 150 km away is expected to reduce logistics costs once operational. | named for 544267 - LOW | Export revenue concentration in China creates currency exposure, though foreign sales form a small portion of total revenue. | Foreign sales accounted for 6.22% of total revenue in FY24 with majority generated from China. | named for 544267 Sources: our Packaging - Others sector brief, 28 Jul 2026 · company earnings-call transcripts. ## Revenue Scale & Growth Durability What the numbers say: Subam Papers Ltd leads revenue at ₹612 crore; the second comparison lacks enough current evidence. Investor read: Subam Papers 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 revenue growth signal. Evidence: Subam Papers Ltd · ₹612 crore | Not enough peers | 2/2 recent comparable periods | 1/1 companies · 6 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. Subam Papers Ltd (544267): ₹612 Cr ### Revenue growth — fastest growers ### 12-quarter Revenue history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 ₹135 Cr | Jun 2025 ₹147 Cr | Sep 2025 ₹153 Cr | Dec 2025 ₹146 Cr | Mar 2026 ₹141 Cr | Jun 2026 ₹171 Cr ### 12-quarter Revenue growth history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 4.8% | Jun 2026 16% ## Operating Economics & Margin Trend What the numbers say: Subam Papers Ltd leads both opm at 7.5% and margin change at -1 percentage points. Investor read: Subam Papers 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: Subam Papers Ltd · 7.5% | Not enough peers | 0/3 recent comparable periods | 1/1 companies · 7 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Subam Papers Ltd (544267): 7.5% ### Margin change — fastest expanders 1. Subam Papers Ltd (544267): −1.0 pp ### 12-quarter OPM history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 15% | Mar 2025 9.9% | Jun 2025 8.5% | Sep 2025 7.4% | Dec 2025 5.8% | Mar 2026 6.2% | Jun 2026 7.5% ### 12-quarter Margin change history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 −7.2 pp | Dec 2025 — | Mar 2026 −3.8 pp | Jun 2026 −1.0 pp ## Profit Scale & Acceleration What the numbers say: Subam Papers Ltd leads net profit at ₹2 crore; the second comparison lacks enough current evidence. Investor read: Subam Papers 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: Subam Papers Ltd · ₹2 crore | Not enough peers | 0/2 recent comparable periods | 1/1 companies · 6 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. Subam Papers Ltd (544267): ₹2 Cr ### Profit growth — fastest growers ### 12-quarter Net profit history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 ₹5 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹-2 Cr | Jun 2026 ₹-1 Cr ### 12-quarter Profit growth history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 -153% | Jun 2026 -113% ## Return On Capital Employed What the numbers say: Subam Papers Ltd leads ROCE at 5%. Subam Papers Ltd has the strongest latest improvement at -8 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: Subam Papers 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: Subam Papers Ltd · 5% | Not enough peers | Not enough history | 1/1 companies · 0 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. Subam Papers Ltd (544267): 5.0% ### ROCE change — fastest improvers 1. Subam Papers Ltd (544267): −8.0 pp ### 12-quarter ROCE history ### 12-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. 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: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Subam Papers Ltd (544267): 184.0 ### 12-quarter PEG history ### 12-quarter P/E history - 544267: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Sep 2024 — | Mar 2025 0.5 | Jun 2025 6.3 | Sep 2025 9.4 | Dec 2025 20.8 | Mar 2026 15.7 | Jun 2026 56.3 ## 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. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Subam Papers Ltd (544267) — market value ₹604 Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-10-01. Up to 12 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 ### Is the Packaging - Others sector outperforming NIFTY 500? Packaging - Others has outperformed NIFTY 500 by 57.4% over 52 weeks and 6.3% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Packaging - Others company is largest by revenue? Subam Papers Ltd leads with revenue of ₹612 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Packaging - Others company has the strongest 4-Factor Sector Score? Subam Papers Ltd ranks first at 37.9/100 with 52.5% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Packaging - Others comparison include? The page compares up to 12 reported quarters per company for fundamentals, returns 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. ### Is there a Nifty Packaging - Others index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Packaging - Others, this page builds its own equal-weight basket of 1 listed Packaging - Others companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Packaging - Others stocks in India? Ranked by this page's four-factor score, Subam Papers Ltd places first among 1 listed Packaging - Others companies. 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 - Others stocks are listed in India? This comparison covers 1 listed Packaging - Others 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 - Others company is the biggest? Subam Papers Ltd is the largest, with trailing-twelve-month revenue of ₹612 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Packaging - Others company has the best profit margins? Subam Papers Ltd has the highest operating margin at 7.5%, from 1 of 1 comparable companies. Subam Papers Ltd shows the biggest recent improvement, at -1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Packaging - Others company makes the most profit? Subam Papers Ltd earns the most, at ₹2 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. ### Which Packaging - Others company earns the highest return on capital? Subam Papers Ltd leads on return on capital employed at 5%, across 1 of 1 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. ### Is the Packaging - Others sector beating the market? Packaging - Others has outperformed NIFTY 500 by 57.4% over the last 52 weeks and 6.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Packaging - Others stock has the strongest price momentum? Subam Papers 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 - Others company scores highest for research priority? Subam Papers Ltd scores 37.9 out of 100 with 52.5% evidence confidence, from 11.8 points on growth and earnings, 3.6 on capital efficiency, 10 on valuation and 12.5 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 - Others companies does this comparison cover, and over what period? It compares 1 listed companies over up to 12 reported quarters of fundamentals, 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 - Others sector? The 1 Packaging - Others companies on this page carry ₹604 crore of combined market value. Subam Papers Ltd is the largest at ₹604 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-10-04. ### How is the Packaging - Others sector performing? 1 of the 1 covered Packaging - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 57.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-10-04. ### 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.