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Earnings Call

Bai-Kakaji Polymers Earnings Call: Key Takeaways

Bai-Kakaji Polymers (BKPL) closed FY26 with ₹365 Cr revenue and ₹27 Cr PAT. The Latur-based PET preform manufacturer is transitioning from rigid packaging to a high-margin flexible packaging mix.

Why this was an Alfa AlertNot a filter event. Performance is strong but management did not disclose a specific prior guidance range to measure a 10% beat against.
Highlights
Revenue growthFY23-FY26 CAGR driven by capacity expansion and new flexible line.
MarginsEBITDA margins expanded 300bps YoY to 13% via backward integration.
Demand visibilityStrong; Tier-1 clients like Reliance, Tata, Patanjali with 11-year average tenure.
Management confidenceHigh; 15+ years experience, successful debt reduction from IPO proceeds.

Growth

Revenue grew from ₹229 Cr (FY23) to ₹365 Cr (FY26); PAT surged 9x to ₹27 Cr with EBITDA margin expanding ~700bps to 13%.

Outlook

Entry into ₹15,000 Cr food-grade RPET market (FY27). Flexible packaging ramping to full utilization by H2 FY27; solar capacity expansion underway.

Risks

Commodity price fluctuations (PET resin pass-through model), high competition in unorganised sector (55% market share), and capital-intensive asset-heavy nature.

Source

Earnings Call filed with BSE, BSE: 544670. Summary written with AI assistance from the document.

Read the document ↗

Bai-Kakaji Polymers Ltd: key numbers

Share price
₹303.00
Market cap
₹648.5 Cr
Revenue (annual)
₹364.7 Cr
Net profit (annual)
₹26.98 Cr
P/E (TTM)
24.0×Sector 53.9×
Promoter holding
74.07%
FII holding
2.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
₹100.0 Cr