---
title: "Dhaval Packaging Ltd (544854) — Share Price, Financials & Analysis"
symbol: "544854"
company: "Dhaval Packaging Ltd"
canonical: "https://tapetide.com/stocks/544854"
bse_code: "544854"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:40:19.694Z"
---

# Dhaval Packaging Ltd (544854)

Canonical page: https://tapetide.com/stocks/544854

## Company

- **BSE Code:** 544854
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in November 2015, Dhaval Packaging Limited is engaged in the design, manufacturing, and supply of plastic packaging solutions.[1]

## Latest Price

## Key Insights

### Strengths

- Company has delivered good profit growth of 79.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.0%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 34% | 151% | 80% |
| revenue growth | 24% | 15% | 24% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2025 |
| --- | --- |
| Sales | 15.24 |
| Expenses | 12.05 |
| Operating Profit | 3.19 |
| OPM % | 20.93 |
| Other Income | 0.03 |
| Interest | 0.5 |
| Depreciation | 0.34 |
| Profit before tax | 2.38 |
| Tax % | 24.79 |
| Net Profit | 1.78 |
| EPS in Rs | 7.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 22.6 | 33.24 | 42.94 | 47.99 | 52.26 | 65.03 |
| Expenses | 20.87 | 31.55 | 40.35 | 43.01 | 42.04 | 50.93 |
| Operating Profit | 1.73 | 1.69 | 2.59 | 4.98 | 10.22 | 14.1 |
| OPM % | 7.65 | 5.08 | 6.03 | 10.38 | 19.56 | 21.68 |
| Other Income | 0.3 | 0.22 | 0.2 | 0.09 | 0.17 | 0.17 |
| Interest | 0.32 | 0.57 | 0.64 | 0.95 | 1.42 | 2.02 |
| Depreciation | 1.15 | 1.15 | 1.55 | 2.09 | 0.94 | 1.53 |
| Profit before tax | 0.56 | 0.19 | 0.6 | 2.03 | 8.03 | 10.72 |
| Tax % | 25 | 15.79 | 15 | 23.15 | 24.66 | 25 |
| Net Profit | 0.43 | 0.17 | 0.51 | 1.55 | 6.04 | 8.04 |
| EPS in Rs | 4.3 | 1.7 | 2.55 | 7.75 | 24.98 | 8.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1.5 | 2 | 2 | 2.42 | 9.99 |
| Reserves | 0.01 | 0.17 | 0.55 | 2.1 | 17.75 | 20.76 |
| Borrowings | 6.43 | 8.91 | 14.04 | 19.28 | 16.55 | 24.13 |
| Other Liabilities | 5.4 | 7.86 | 12.67 | 10.33 | 11.18 | 11.54 |
| Total Liabilities | 12.84 | 18.44 | 29.26 | 33.71 | 47.9 | 66.42 |
| Fixed Assets | 5.65 | 8.37 | 13.87 | 14.67 | 22.13 | 28.53 |
| CWIP | 0 | 0 | 0 | 1.21 | 3.24 | 9.47 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7.19 | 10.07 | 15.39 | 17.83 | 22.53 | 28.42 |
| Total Assets | 12.84 | 18.44 | 29.26 | 33.71 | 47.9 | 66.42 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 1.91 | 0.66 | 4.35 | 6.74 |
| Cash from Investing Activity | 0 | 0 | -6.94 | -4.02 | -10.28 | -14.05 |
| Cash from Financing Activity | 0 | 0 | 4.98 | 4.29 | 5.88 | 8.39 |
| Net Cash Flow | 0 | 0 | -0.04 | 0.92 | -0.05 | 1.08 |
| Free Cash Flow | 0 | 0 | -5.14 | -3.45 | -6.03 | -7.42 |
| CFO/OP | 0 | 0 | 76 | 16 | 51 | 56 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 55.88 | 32.61 | 51.17 | 47.46 | 37.79 | 45.07 |
| Inventory Days | 45.11 | 55.07 | 70.45 | 83.99 | 134.9 | 140.03 |
| Days Payable | 98.84 | 97.31 | 96.09 | 69.1 | 90.64 | 70.56 |
| Cash Conversion Cycle | 2.16 | -9.62 | 25.53 | 62.35 | 82.05 | 114.54 |
| Working Capital Days | -3.88 | -8.89 | 1.28 | 10.65 | -3.07 | -3.59 |
| ROCE % | — | 8.44 | 9.13 | 14.91 | 31.28 | 27.82 |

## Shareholding Pattern

### annual

| Category | Aug 2026 |
| --- | --- |
| Promoters | 66.06% |
| FIIs | 2.93% |
| DIIs | 8.12% |
| Government | 1.48% |
| Public | 21.42% |
| No. of Shareholders | 741 |

### Quarterly

| Category | Aug 2026 |
| --- | --- |
| Promoters | 66.06% |
| FIIs | 2.93% |
| DIIs | 8.12% |
| Government | 1.48% |
| Public | 21.42% |
| No. of Shareholders | 741 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 0 / 14 / 5

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 116.25 | Sell |
| EMA (10) | 116.81 | Sell |
| SMA (20) | 120.21 | Sell |
| EMA (20) | 116.98 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.38 | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 20.48 | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | -79.16 | Neutral |
| ATR (14) | 6.92 | High Volatility |
| ROC (12) | -10.24 | Sell |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Board approved FY26 report, AGM notice for September 30, and appointed internal auditor and scrutinizer. | [Board Meeting Outcome for Outcome Of Board Meeting 8 Sep - Board approved FY26 report, AGM notice for September 30, and appointed internal auditor and scrutinizer.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c357c7ce-c8f2-47bf-8872-828366204d8b.pdf) |
| 8 Sep - Board approved FY26 annual report, AGM on September 30, 2026, and appointed internal auditor and scrutinizer. | [Announcement Under Regulation 30 (LODR) - Appointment Of Internal Auditor 8 Sep - Board approved FY26 annual report, AGM on September 30, 2026, and appointed internal auditor and scrutinizer.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b124edb-f513-4731-993f-40998fd3650d.pdf) |
| 11 Sep - Dhaval Packaging issued corrigendum revising FY2025-26 annual report to include omitted Annexure III. | [Corrigendum To The Annual Report For The Financial Year 2025-26 11 Sep - Dhaval Packaging issued corrigendum revising FY2025-26 annual report to include omitted Annexure III.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e9f0026-a4e1-4dac-ae40-ac6f26f4c2b8.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0dc18c6-815c-4e62-a59d-49634d9ee387.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fdcf563-b792-4d8e-8365-f0bea681bc7d.pdf) |
| — | [Notice Of 11Th Annual General Meeting 8 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9c43d80-53d6-49ca-b40f-b00e1103bfc0.pdf) |
| — | [Reg. 34 (1) Annual Report. 8 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31d78330-ba06-4b54-b4ff-5428a4663d41.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:40:19.694Z.