Knack Packaging Ltd
We are one of the leading, integrated, innovation-oriented, export led and sustainable oriented packaging solutions provider, offering a diverse range of packaging solutions, including Printed and Laminated Woven Polypropylene ("PLWPP") bags and PLWPP Pinch Bottom bags that are customized, high-strength packaging solutions for a wide range of sectors, including food products and pet foods . Our solutions enhance brand visibility on packaging, reduce the risk of counterfeiting, and improve operational performance. We hold approximately 10.1% of market share in the Indian market for flexible bulk PLWPP bags, including PLWPP pinch bottom bags in Fiscal 2025. We are also one of the early movers in the manufacturing of BOPP/ PLWPP bags, and the first company in India (and Asia) to provide laser cut and easy-open feature integrated into their PLWPP pinch bottom bags. With a legacy of over two decades of our Promoters, we offer a wide array of bulk packaging solution which has been developed over the decades through technological enhancements and industry experience. We also provide add-on solutions such as circular & back seam construction, half, full & register window, zig-zag cut, heatcut & bladecut etc., providing customers with enhanced and customized packaging options. Our diverse range of packaging solutions along with customised add-ons, makes us a one stop solution for our customers.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana,
- General corporate purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 515 | 655 | 0 | 0 |
| Operating ProfitCr | 56 | 97 | 0 | 0 |
| OPM% | 10.9 | 14.8 | - | - |
| PBTCr | 30 | 62 | 0 | 0 |
| PATCr | 22 | 46 | 0 | 0 |
| EPS | 44 | 92 | 0 | 0 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 5 | 5 | 0 | 0 |
| ReservesCr | 98 | 136 | 0 | 0 |
| BorrowingsCr | 123 | 190 | 0 | 0 |
| Total AssetsCr | 276 | 379 | 0 | 0 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 26 | 33 | 93 | 92 |
| Investing Cash FlowCr | -35 | -69 | -66 | -100 |
| Financing Cash FlowCr | 10 | 34 | -19 | 3 |
| Net Cash FlowCr | 1 | -2 | 8 | -5 |
Strengths & Risks
- Focus on operational efficiency through integrated and digitised processes.
- Capability to deliver complex product design with accuracy.
- Customer-centric custom packaging solutions.
- Presence across Indian and global market catering to various industries.
- Experienced and skilled management and Board of Directors.
- Expand our production capacity and strengthen our manufacturing capabilities.
- Drive growth through focus on new product categories.
- Capitalizing on Growing Demand for PLWPP Bags.
- Transitioning towards sustainable business practices.
- Increase our exports and focus on new high growth end-user industries.
- Focus on automation advancing artificial intelligence and machine learning capabilities.
- The company is significantly dependent on its key suppliers for sourcing raw materials and the company does not has any contractual arrangements with them. Accordingly, the company inability to maintain relationship with key suppliers may adversely impact its business, operations and financial results.
- A significant portion of the company revenue from operations is derived from its existing customers. Additionally, the company derives a substantial portion of its revenue from operations from few customers, and the company does not has any contractual arrangements with them. Its failures to retain these customers may adversely impact the company business, operations, and financial performance.
- The company manufacturing facilities is concentrated in a single region domestically i.e., Gujarat, which are critical to the company business operations. Any shutdown of its manufacturing facilities dues to adverse conditions in the state of Gujarat or other reasons may adversely affect the company business, financial condition, results of operations, cash flows and future business prospects.
- A significant percentage of the company revenue (amounting to 23.66% of its revenue from operations during Fiscal 2026) is derived from the company customers in the United States. Any adverse situation in the United States, including any breakdown in India-US bilateral relations may adversely affect its business, results of operations, and financial condition.
- The estimated cost of the company Project has been reduced from Rs. 5,148.94 million to Rs. 3,649.56 million and the schedule for implementation of the Project has been extended from December 2026 to October 2027. Any further changes in the cost, delays cost overruns may adversely affect the expected benefits from the Project and its financial condition.
- The company requires a number of approvals, NOCs, licences, registrations and permits in the ordinary course for its existing business and any failures to obtain the same will adversely affect the company operations, business and profitability.