---
title: "Bulkcorp International Ltd (BULKCORP) — Share Price, Financials & Analysis"
symbol: "BULKCORP"
company: "Bulkcorp International Ltd"
canonical: "https://tapetide.com/stocks/BULKCORP"
isin: "INE0SZ301012"
nse_symbol: "BULKCORP"
sector: "Industrial Products"
industry: "Packaging"
market_cap_cr: 64.09
generated_at: "2026-09-13T19:40:16.105Z"
---

# Bulkcorp International Ltd (BULKCORP)

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

## Company

- **NSE Symbol:** BULKCORP
- **ISIN:** INE0SZ301012
- **Sector:** Industrial Products
- **Industry:** Packaging
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bulkcorp-int.com

## About

Incorporated in 2009, Bulkcorp International Ltd is in the business of manufacturing, distribution, selling and exports of the FIBC & other allied products[1]

## Latest Price

- **Price:** ₹85.25
- **Change:** -0.05 (-0.06%)
- **Open:** ₹85.1
- **Day High:** ₹85.4
- **Day Low:** ₹85.1
- **Previous Close:** ₹85.3
- **Volume:** 2400
- **As Of:** 2026-09-11T09:51:20+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:18.093666Z.

- **Market Cap:** ₹64.09 Cr
- **Classification:** SME
- **P/E (reported):** 17.2
- **Book Value:** ₹46.23
- **Price to Book:** 1.85
- **Dividend Yield:** 0%
- **ROE:** 10.74%
- **ROCE:** 19.26%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹67.3 Cr
- **Net Income:** ₹3.7 Cr
- **EBITDA:** ₹8.1 Cr
- **52-Week High:** ₹87.95
- **52-Week Low:** ₹38.05
- **RSI (14):** 78.13

## Tapetide Score

- **Score:** 61 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 90.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 76.51 | 9% |
| growth | 50 | 9% |
| momentum | 98.55 | 12% |
| ownership | 66.3 | 24% |
| quality | 64.93 | 22% |
| valuation | 64.03 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Debtor days have improved from 68.9 to 34.3 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 126.81% | 186.86% | 422.13% |
| ebitda margin growth | -57.14% | 11.84% | -6.4% | 69.73% |
| net income growth | -73.68% | 5.71% | 46% | 42% |
| revenue growth | 104.3% | 9.79% | 20% | 16% |
| roce | — | 12.5% | -58.77% | 31.68% |
| roe | — | -5.46% | 19.83% | -77.78% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 17.6 | 27.56 | 26.15 | 34.24 | 33.43 | 32.41 |
| Expenses | 16.33 | 24.19 | 23.6 | 31.11 | 30.24 | 28.95 |
| Operating Profit | 1.27 | 3.37 | 2.55 | 3.13 | 3.19 | 3.46 |
| OPM % | 7.22 | 12.23 | 9.75 | 9.14 | 9.54 | 10.68 |
| Other Income | 0.65 | 0.69 | 0.34 | 0.55 | 0.38 | 1.04 |
| Interest | 0.17 | 0.42 | 0.41 | 0.55 | 0.7 | 1.05 |
| Depreciation | 0.3 | 0.33 | 0.39 | 0.45 | 0.43 | 0.52 |
| Profit before tax | 1.45 | 3.31 | 2.09 | 2.68 | 2.44 | 2.93 |
| Tax % | 25.52 | 26.28 | 33.49 | 20.52 | 26.23 | 34.47 |
| Net Profit | 1.07 | 2.43 | 1.39 | 2.13 | 1.8 | 1.93 |
| EPS in Rs | 5.91 | 4.39 | 1.85 | 2.83 | 2.4 | 2.57 |

### 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 | 31.39 | 48.42 | 38.47 | 45.17 | 60.38 | 65.84 |
| Expenses | 29.49 | 45.71 | 36.05 | 40.55 | 54.7 | 59.16 |
| Operating Profit | 1.9 | 2.71 | 2.42 | 4.62 | 5.68 | 6.68 |
| OPM % | 6.05 | 5.6 | 6.29 | 10.23 | 9.41 | 10.15 |
| Other Income | 0.38 | 0.77 | 0.49 | 1.34 | 0.89 | 1.4 |
| Interest | 0.44 | 0.69 | 0.61 | 0.58 | 0.96 | 1.75 |
| Depreciation | 0.5 | 0.54 | 0.58 | 0.64 | 0.84 | 0.95 |
| Profit before tax | 1.34 | 2.25 | 1.72 | 4.74 | 4.77 | 5.38 |
| Tax % | 52.99 | 23.56 | 29.07 | 26.16 | 26.21 | 30.67 |
| Net Profit | 0.64 | 1.73 | 1.21 | 3.5 | 3.52 | 3.73 |
| EPS in Rs | 3.54 | 9.56 | 6.69 | 6.32 | 4.68 | 4.96 |
| 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 | 1.81 | 1.81 | 1.81 | 5.54 | 7.51 | 7.51 |
| Reserves | 0.07 | 1.76 | 2.97 | 3.83 | 23.49 | 27.22 |
| Borrowings | 6.49 | 8.89 | 5.42 | 6.35 | 6.79 | 10.54 |
| Other Liabilities | 11.39 | 9.31 | 7.45 | 16.65 | 5.06 | 5.9 |
| Total Liabilities | 19.76 | 21.77 | 17.65 | 32.37 | 42.85 | 51.17 |
| Fixed Assets | 5.97 | 5.73 | 5.63 | 5.7 | 8.31 | 10.93 |
| CWIP | 0 | 0.07 | 0 | 1.78 | 0.92 | 0.75 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 13.79 | 15.97 | 12.02 | 24.89 | 33.62 | 39.49 |
| Total Assets | 19.76 | 21.77 | 17.65 | 32.37 | 42.85 | 51.17 |

### 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 | 0.03 | -1.22 | 3.7 | 1.37 | -14.66 | 3.93 |
| Cash from Investing Activity | -0.18 | -0.49 | -0.41 | -2.48 | -2.59 | -3.4 |
| Cash from Financing Activity | 0.04 | 1.72 | -4.08 | 1.14 | 17.93 | -1.14 |
| Net Cash Flow | -0.12 | 0.01 | -0.79 | 0.03 | 0.68 | -0.62 |
| Free Cash Flow | -0.29 | -1.63 | 3.29 | -1.12 | -17.25 | 0.53 |
| CFO/OP | 2 | -45 | 176 | 39 | -236 | 77 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 61.28 | 58.5 | 55.98 | 85.98 | 86.5 | 34.32 |
| Inventory Days | 96.94 | 56.61 | 64.61 | 119.92 | 119.73 | 119.72 |
| Days Payable | 187.25 | 84.91 | 89.99 | 170.96 | 28.28 | 28.01 |
| Cash Conversion Cycle | -29.04 | 30.19 | 30.6 | 34.93 | 177.96 | 126.02 |
| Working Capital Days | -11.98 | 6.48 | 1.14 | 27.8 | 139.52 | 137.04 |
| ROCE % | — | 28.23 | 20.56 | 41.05 | 21.42 | 17.22 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 98.1% | 98.1% | 72.26% | 72.26% | 72.26% | 72.26% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 8.92% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 0% | 16.31% | 14.87% | 15.36% | 15.62% |
| Others | 1.9% | 1.9% | 11.43% | 12.87% | 12.37% | 3.19% |
| No. of Shareholders | 8 | 8 | 678 | 605 | 541 | 516 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 78.65 | Buy |
| EMA (10) | 79.69 | Buy |
| SMA (20) | 72.75 | Buy |
| EMA (20) | 74.33 | Buy |
| SMA (50) | 62.98 | Buy |
| EMA (50) | 65.25 | Buy |
| SMA (100) | 53.8 | Buy |
| EMA (100) | 60.32 | Buy |
| SMA (200) | 60.28 | Buy |
| EMA (200) | 61.99 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 77.97 | Sell |
| MACD (12,26,9) | 6.53 | Buy |
| Stochastic (14,3,3) | 88.82 | Sell |
| ADX (14) | 36.89 | Buy |
| Williams %R (14) | -11.32 | Sell |
| ATR (14) | 2.4 | Neutral |
| ROC (12) | 33 | Buy |
| Stoch RSI (14) | 99.33 | Sell |
| UO (7,14,28) | 76.56 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - SDD compliance certificates submitted for quarter ended 31 Dec 2025; one UPSI captured; no non-compliance. | [Structural Digital Database 9 January 2026 - SDD compliance certificates submitted for quarter ended 31 Dec 2025; one UPSI captured; no non-compliance.](https://nsearchives.nseindia.com/corporate/BULKCORP_09012026182937_SDD_Signed.PDF) |
| 7 Feb - ALCU (wholly-owned subsidiary) began phased commercial production on Feb 7, 2026 in Narsanda, Kheda, Gujarat. | [Commencement Of Commercial Production 7 Feb - ALCU (wholly-owned subsidiary) began phased commercial production on Feb 7, 2026 in Narsanda, Kheda, Gujarat.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9bc1a2a-4814-4f6e-9b3b-45ef7630ed7d.pdf) |
| 5 Feb - Scheduled TV interview of MD Shailesh Rathi on Zee Business Feb 6, 2026 at 12:00 PM; no UPSI. | [Media Interaction 5 Feb - Scheduled TV interview of MD Shailesh Rathi on Zee Business Feb 6, 2026 at 12:00 PM; no UPSI.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/926cd7cf-deb0-4a7d-ac05-2c805eba5634.pdf) |
| 31 Aug - Book closure from 16 September 2026 to 23 September 2026 for AGM and e-voting. | [General Updates 31 Aug - Book closure from 16 September 2026 to 23 September 2026 for AGM and e-voting.](https://nsearchives.nseindia.com/corporate/BULKCORP_31082026184031_Book_Closure.pdf) |
| 31 Aug - Board approved three director reappointments, related party transactions, and AGM on 23 September 2026. | [Related Party Transactions 31 Aug - Board approved three director reappointments, related party transactions, and AGM on 23 September 2026.](https://nsearchives.nseindia.com/corporate/BULKCORP_31082026183005_Outcome_Signed.pdf) |
| 31 Aug - Board approved reappointment of three directors and AGM on 23 September 2026, plus related-party transactions. | [Appointment 31 Aug - Board approved reappointment of three directors and AGM on 23 September 2026, plus related-party transactions.](https://nsearchives.nseindia.com/corporate/BULKCORP_31082026182555_Outcome_Signed.pdf) |
| 31 Aug - Board approved AGM notice, three director reappointments, and related party transactions on 31 August 2026. | [Change in Director(s) 31 Aug - Board approved AGM notice, three director reappointments, and related party transactions on 31 August 2026.](https://nsearchives.nseindia.com/corporate/BULKCORP_31082026182219_Outcome_Signed.pdf) |
| 31 Aug - Board approved AGM notice, related-party transactions, and reappointments of three directors for 2027-2030. | [Outcome of Board Meeting 31 Aug - Board approved AGM notice, related-party transactions, and reappointments of three directors for 2027-2030.](https://nsearchives.nseindia.com/corporate/BULKCORP_31082026181958_Outcome_Signed.pdf) |
| 30 March 2026 - Trading window closed 1 Apr 2026 until 48 hours after audited results for period ended 31 Mar 2026. | [Trading Window 30 March 2026 - Trading window closed 1 Apr 2026 until 48 hours after audited results for period ended 31 Mar 2026.](https://nsearchives.nseindia.com/corporate/BULKCORP_30032026150106_Trading_Window.pdf) |
| 30 Jul - Bulkcorp states corporate governance provisions are not applicable for quarter ended 30 June 2026. | [General Updates 30 Jul - Bulkcorp states corporate governance provisions are not applicable for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/BULKCORP_30072026194525_Non_Applicabilty_CG_Signed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/BULKCORP_27112025123441_NSE_Intimation_Signed.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e259592e-7cf5-4fbf-a6ed-6f429a875cba.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f4a3689-fb6c-4a04-a4a5-3e2701c47801.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30916_BULKCORP_2025_2026_A_4845055_31082026183542.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27307_BULKCORP_2024_2025_A_06082025182609.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25879_BULKCORP_2023_2024_05092024185154.pdf) |

---

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 2026-09-13T19:40:16.105Z.