Financial Performance Overview

Revenue and Profitability

  • Revenue from Operations: ₹1,400.27 lakhs in FY2025-26 vs ₹1,077.89 lakhs in FY2024-25, representing 29.9% growth
  • Other Income: ₹33.36 lakhs vs ₹25.89 lakhs in previous year
  • Total Income: ₹1,433.63 lakhs vs ₹1,103.78 lakhs, growth of 29.9%
  • Profit Before Tax: ₹240.61 lakhs vs ₹282.97 lakhs in previous year, decline of 15.0%
  • Profit After Tax: ₹180.05 lakhs vs ₹189.03 lakhs in previous year, decline of 4.8%
  • Basic EPS: ₹0.74 vs ₹0.91 in previous year
  • Diluted EPS: ₹0.67 vs ₹0.91 in previous year

Balance Sheet Position

  • Total Assets: ₹6,276.81 lakhs as of March 31, 2026 vs ₹4,495.99 lakhs previous year
  • Current Assets: ₹4,206.81 lakhs including:
  • Inventories: ₹1,714.39 lakhs (₹743.73 lakhs raw materials, ₹970.66 lakhs work-in-progress)
  • Trade Receivables: ₹1,038.39 lakhs
  • Cash and Cash Equivalents: ₹67.73 lakhs
  • Non-Current Assets: ₹2,070.00 lakhs including Property, Plant & Equipment: ₹871.00 lakhs
  • Share Capital: Increased to ₹25.67 crore (2,56,72,900 equity shares of ₹10 each) from ₹20.67 crore
  • Reserves & Surplus: ₹3,137.98 lakhs vs ₹2,216.90 lakhs
  • Money Received Against Share Warrants: ₹359.38 lakhs outstanding

Operational Highlights

Business Operations

Clara Industries operates as a diversified manufacturing company with presence across flexible packaging, polymer-based products and allied packaging solutions. The company has seven business verticals:

1. Packaging films

2. Flexible packaging

3. Recycled granules

4. Polypropylene mats

5. Self-adhesive tapes

6. Food wraps

7. Horticulture bags

Capacity Expansion

  • Added PP woven sack looms during FY2025-26 to strengthen manufacturing infrastructure
  • Investments focused on improving operational flexibility, manufacturing efficiency, and ability to meet evolving customer requirements
  • Continued emphasis on productivity, process efficiency, quality and optimal utilization of resources

Manufacturing Capabilities

The company's manufacturing ecosystem includes:

  • Raw material processing under controlled conditions
  • Advanced manufacturing capabilities combining technology and process discipline
  • Conversion capabilities for varied product formats
  • Quality assurance through regular testing and defined controls
  • End-to-end capabilities across the value chain

Capital Structure Changes

Equity Issuance

  • Issued 50,00,000 equity shares to non-promoter, public category on preferential basis on July 16, 2025
  • Increase in paid-up equity share capital during year: ₹5.00 crore
  • Money received against share warrants: ₹3.59 crore outstanding as of March 31, 2026

Shareholding Pattern

  • Promoter holding: 41.02% (10,531,190 shares) vs 50.94% in previous year
  • Parry Kukreja: 29.33% (7,529,140 shares)
  • Nikhil Kukreja: 11.69% (3,002,050 shares)

Corporate Governance and Board Matters

Board Composition

  • Managing Director: Parry Kukreja
  • Executive Director & CFO: Nikhil Kukreja
  • Non-Executive Director: Priyanka Mediratta
  • Independent Directors: Avdesh Kumar Kamboj, Man Mohan Singh

Board Committees

  • Audit Committee: Avdesh Kumar Kamboj (Chairman), Man Mohan Singh, Nikhil Kukreja
  • Nomination & Remuneration Committee: Man Mohan Singh (Chairman), Avdesh Kumar Kamboj, Priyanka Mediratta
  • Stakeholder's Relationship Committee: Avdesh Kumar Kamboj (Chairman), Man Mohan Singh, Nikhil Kukreja
  • Internal Complaints Committee: Parry Kukreja (Chairman), Pooja, Rakesh Kumar Pal, Vidya Bhushan Tyagi
  • CSR Committee: Avdesh Kumar Kamboj (Chairman), Parry Kukreja, Man Mohan Singh

AGM Proposals

5th Annual General Meeting scheduled for September 29, 2026 with following agenda:

1. Adoption of audited financial statements for FY2025-26

2. Re-appointment of M/s. Jay Gupta and Associates as Statutory Auditors for 5 years (2026-27 to 2030-31)

3. Re-appointment of Mrs. Parry Kukreja as Managing Director

4. Appointment of Ms. Geeta Rani as Independent Non-Executive Director

5. Appointment of Ms. Noor Kukreja as Non-Executive Director and Chairperson

6. Note on appointment of Secretarial Auditor

Auditor Appointments

Statutory Auditors

  • M/s. Jay Gupta and Associates, Chartered Accountants (FRN: 329001E)
  • Recommended for re-appointment for 5 years from FY2026-27 to FY2030-31

Secretarial Auditors

  • M/s. Verma Ashish & Co., Company Secretaries
  • Appointed for 5 years from FY2025-26 to FY2029-30

Related Party Transactions

Key related party transactions during FY2025-26:

  • Sales to Clara Packing Solutions Limited: ₹728.83 lakhs
  • Purchases from M/s. Chand Plastic Corporation: ₹47.97 lakhs
  • Remuneration to Directors:
  • Parry Kukreja: ₹12.00 lakhs
  • Nikhil Kukreja: ₹12.00 lakhs
  • Company Secretary remuneration: ₹6.52 lakhs

Sustainability and ESG

  • Focus on resource efficiency, recycling, and process responsibility
  • Recycled granules business supports recovery and productive reuse of plastic waste
  • Emphasis on improving material utilization and reducing avoidable waste
  • Commitment to safe, respectful workplace and responsible manufacturing practices

Future Outlook

  • Focus on improving utilization of expanded manufacturing capabilities
  • Emphasis on converting scale into sustainable profitability through operating leverage
  • Continued investment in operational efficiency and customer development
  • Strategic priority to build a business capable of scaling with greater efficiency and resilience

Key Financial Ratios

  • Current Ratio: 21.80 times vs 16.94 times
  • Debt-Equity Ratio: 0.02 times vs 0.02 times
  • Return on Equity: 2.97% vs 4.41%
  • Inventory Turnover Ratio: 0.82 times vs 1.22 times
  • Net Profit Margin: 12.86% vs 17.54%