Positive Packaging

Mumbai, India Founded: 1961 • Age: 65 yrs Listed Acquired By Huhtamaki
Flexible Packaging Solutions - Laminates ( Rolls Tubes), Pouches, CPP Films
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About Positive Packaging

Positive Packaging is a publicly listed company based in Mumbai (India) founded in 1961, and was acquired by Huhtamaki in July 2014. Flexible Packaging Solutions - Laminates ( Rolls Tubes), Pouches, CPP Films. The company has 41 employees. Its chief executive, as recorded, is Ramkrishnan Laxman. Its Indian entity Huhtamaki India Limited reported revenue of ₹2,565 Cr. Positive Packaging offers products and services including Positive Packaging Platform.

Company details

Positive Packaging, established in 1961, focuses on providing packaging solutions. Flexible Packaging Solutions - Laminates ( Rolls Tubes), Pouches, CPP Films. Adapting to market demands with innovation. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.

Key Metrics
  • Market Cap
    ₹1,653 Cr

    HUHTAMAKI · NSE

  • Share Price
    ₹209.45

    -4.29% today

  • Revenue
    ₹2,037 Cr

    Dec 2015 · +66.3% YoY

  • EBITDA
    ₹235 Cr

    Margin 11.5%

  • Net Profit
    ₹77.13 Cr

    Dec 2015 · +25.8% YoY

  • P/E (TTM)
    22.1x

    P/B 2.8x

  • ROE
    13.3%

    ROCE 17.7%

  • Debt / Equity
    0.48

    Interest cover 29.7x

  • Investors
    Huhtamaki
  • Employee Count
    41
  • Acquired by
    Huhtamaki

    (Jul 2014)

Products & Services of Positive Packaging

Positive Packaging offers a comprehensive portfolio of products and services, including Positive Packaging Platform.

Positive Packaging Platform

Flexible Packaging Solutions - Laminates ( Rolls & Tubes), Pouches, CPP Films

Investors in Positive Packaging

Positive Packaging has secured backing from 1 investor. Prominent investors backing the company include Huhtamaki.

All
InvestorDescriptionFounded YearDomainLocation
Huhtamaki
Consumer and food packaging products are manufactured globally.
1920huhtamaki.comEspoo, Finland
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Investor details for Positive Packaging

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Board of directors of Huhtamaki India Limited (Positive Packaging)

Huhtamaki India Limited is the primary company behind Positive Packaging. The board of Huhtamaki India Limited currently have 8 directors; the longest-serving is Murali Sivaraman, appointed in 2019. 42 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Murali Sivaraman
DIN 01461231
Director01 Jan 20197 yrs 10 moHuhtamaki India Limited
Seema Modi Jayesh
DIN 05327073
Director01 Jan 20206 yrs 10 moHuhtamaki India Limited
Ashok Kumar Barat
DIN 00492930
Director01 Apr 20206 yrs 7 moHuhtamaki India Limited
Axel Glade
DIN 10780455
Additional Director15 Oct 20251 yrHuhtamaki India Limited
Thomas Geust
DIN 07108367
Additional Director14 Nov 202511 moHuhtamaki India Limited
Kamal Taneja
DIN 08063619
Managing Director16 Jan 20269 moHuhtamaki India Limited
Vinit Mahadevan
DIN 11588535
Whole-Time Director18 Mar 20267 moHuhtamaki India Limited
Ramya Mohan
DIN 11593706
Whole-Time Director18 Mar 20267 moHuhtamaki India Limited

People of Positive Packaging

1 people are tracked at Positive Packaging (1 in leadership); the tracked headcount is 41.

NameRoleGroup
Ramkrishnan Laxman
CEO & MDLeadership
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IPO & Listings of Positive Packaging

Positive Packaging is a publicly listed company on the NSE with ticker symbol HUHTAMAKI in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date28 Aug 1995
  • Listed onNSE: HUHTAMAKI
  • Listed entityHuhtamaki India Limited
  • Exchange sectorProcess industries
  • ISININE275B01026
  • Share price₹232.18 (+0.08% on the day) · 2026-10-14
  • Market capitalisation₹1,756 Cr
  • Price to earnings14.9
  • EPS (diluted, trailing year)₹15.57
  • Dividend yield0.86%
  • Volume (last session)107,979

Financials of Positive Packaging

Exchange-reported figures of Huhtamaki India Limited, the listed company behind Positive Packaging (NSE: HUHTAMAKI).

Financial Highlights

Dec 2015 · Consolidated
Revenue
₹2,037 Cr
+66.3% YoY
EBITDA
₹235 Cr
+96.0% YoY
Profit After Tax
₹77.13 Cr
+25.8% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsDec 2015Dec 2014Dec 2013Dec 2012
Income statement
Revenue2,0371,2251,086901
Revenue growth+66.3%+12.9%+20.5%-
EBITDA23512011590.42
EBITDA margin+11.5%+9.8%+10.6%+10.0%
Profit before tax11687.6180.7561.73
Net profit77.1361.3051.1445.02
Net profit margin+3.8%+5.0%+4.7%+5.0%
EPS (₹)10.018.608.496.77
Balance sheet
Cash flow
MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue2,4692,5212,5492,9832,6252,4632,599
Revenue growth-2.1%-1.1%-14.5%+13.6%+6.6%-5.2%-
EBITDA19211815615878.85235294
EBITDA margin+7.8%+4.7%+6.1%+5.3%+3.0%+9.5%+11.3%
Profit before tax15811750055.93(31.57)118202
Net profit11160.3512446.602.3593.80162
Net profit margin+4.5%+2.4%+4.9%+1.6%+0.1%+3.8%+6.2%
EPS (₹)15.6411.6454.226.57(3.00)12.7122.51
Balance sheet
Cash flow
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue769750613623625612610619
Revenue growth (YoY)+23.1%+22.5%+0.5%+0.6%-4.3%-4.3%--
Other income5.931.3022.128.129.406.9611.695.77
Total expenses719675573568569570571593
EBITDA50.1175.1439.9654.0255.4842.5938.7326.10
EBITDA margin+6.7%+10.3%+6.7%+9.0%+9.2%+7.2%+6.5%+4.3%
Depreciation13.5414.2823.5113.5812.8113.0912.6813.82
Interest3.073.373.537.582.903.063.022.96
Profit before tax39.4358.7935.0440.9849.1733.4034.7215.09
Tax9.7015.069.4410.6812.408.468.573.40

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsDec 2015Dec 2014Dec 2013Dec 2012
Revenue2,0371,2251,086901
Revenue growth+66.3%+12.9%+20.5%-
Other income14.2415.5311.958.26
Total expenses1,8031,106970810
Employee cost17792.2584.1070.98
EBITDA23512011590.42
EBITDA margin+11.5%+9.8%+10.6%+10.0%
Depreciation90.5343.8642.0235.65
Interest42.853.854.391.30
Profit before tax11687.6180.7561.73
Tax36.8919.1122.9316.61
Net profit77.1361.3051.1445.02
Net profit margin+3.8%+5.0%+4.7%+5.0%
EPS (₹)10.018.608.496.77
ParticularsDec 2015Dec 2014Dec 2013Dec 2012
Growth
Sales growth+66.3%+12.9%+20.5%-
EBITDA growth+96.0%+4.0%+27.4%-
PBT growth+32.0%+8.5%+30.8%+9997.0%
Net income growth+25.8%+19.9%+13.6%-
Revenue CAGR (3Y)+31.3%---
EBITDA CAGR (3Y)+37.4%---
Profitability & leverage
Net income margin+3.9%+5.6%+5.3%+5.0%
Return on capital employed+17.7%+17.5%+19.8%+14.9%
Return on net worth+13.3%+14.4%+15.2%+12.2%
Debt / equity0.480.090.130.14
Long-term debt / equity0.400.080.100.09
Interest cover29.715.076.002.37
Efficiency & per share
Fixed asset turnover1.982.102.001.69
Inventory turnover17.2713.6812.7310.85
Debtors turnover6.615.776.306.05
EPS (₹)10.018.608.496.77
Dividend per share (₹)2.802.802.802.60
Book value per share (₹)84.7077.6661.9056.18
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue769750613623625612610619
Revenue growth (YoY)+23.1%+22.5%+0.5%+0.6%-4.3%-4.3%--
Other income5.931.3022.128.129.406.9611.695.77
Total expenses719675573568569570571593
EBITDA50.1175.1439.9654.0255.4842.5938.7326.10
EBITDA margin+6.7%+10.3%+6.7%+9.0%+9.2%+7.2%+6.5%+4.3%
Depreciation13.5414.2823.5113.5812.8113.0912.6813.82
Interest3.073.373.537.582.903.063.022.96
Profit before tax39.4358.7935.0440.9849.1733.4034.7215.09
Tax9.7015.069.4410.6812.408.468.573.40
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue2,4692,5212,5492,9832,6252,4632,599
Revenue growth-2.1%-1.1%-14.5%+13.6%+6.6%-5.2%-
Other income36.1764.5242417.239.378.0216.74
Total expenses2,2782,4032,3932,8252,5462,2282,305
Employee cost259254255254258276252
EBITDA19211815615878.85235294
EBITDA margin+7.8%+4.7%+6.1%+5.3%+3.0%+9.5%+11.3%
Depreciation52.1647.4849.1586.0592.1697.9386.93
Interest17.3118.1731.1832.9527.6327.0322.57
Profit before tax15811750055.93(31.57)118202
Tax40.1128.8790.416.29(8.88)21.6031.54
Net profit11160.3512446.602.3593.80162
Net profit margin+4.5%+2.4%+4.9%+1.6%+0.1%+3.8%+6.2%
EPS (₹)15.6411.6454.226.57(3.00)12.7122.51
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth-2.1%-1.1%-14.5%+13.6%+6.6%-5.2%-
EBITDA growth+62.4%-24.5%-0.9%+100.0%-66.4%-20.3%-
PBT growth+35.5%-76.6%+794.1%+9998.0%--41.7%+77.5%
Net income growth+84.7%-51.5%+166.9%+1883.0%-97.5%-42.0%-
Revenue CAGR (3Y)-6.1%-1.3%+1.2%+4.7%+3.5%+4.9%+6.0%
EBITDA CAGR (3Y)+6.7%+14.4%-12.7%-18.8%-29.3%+2.1%+5.9%
Profitability & leverage
Net income margin+4.8%+3.5%+16.1%+1.7%-0.9%+3.9%+6.5%
Return on capital employed+12.4%+7.0%+12.3%+7.7%+2.2%+14.0%+22.9%
Return on net worth+9.5%+5.2%+13.0%+6.7%+0.3%+13.1%+27.1%
Debt / equity0.120.170.350.560.470.390.54
Long-term debt / equity0.110.170.260.340.29-0.87-0.83
Interest cover12.4225.7829.1245.99-207.5919.7910.88
Efficiency & per share
Fixed asset turnover2.102.312.522.942.632.763.26
Inventory turnover10.839.698.989.249.1111.9913.19
Debtors turnover4.394.504.214.634.514.274.37
EPS (₹)15.6411.6454.226.57(3.00)12.7122.51
Dividend per share (₹)2.002.005.002.001.003.003.00
Book value per share (₹)171.22157.98152.28100.1994.77101.2592.30

Timeline of Positive Packaging

3 dated milestones of Positive Packaging across 53 years, from founding to its latest funding, stage changes and deals.

  1. Founded Positive Packaging is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by Huhtamaki.
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Related news about Positive Packaging

HUHTAMAKI: Q2 SL NET PROFIT 297M RUPEES VS 368M (YOY)
Exchange Update • 8 days ago
HUHTAMAKI: Q2 EBITDA 597M RUPEES VS 555M (YOY); Q2 EBITDA MARGIN 7.77% VS 9% (YOY)
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GlobeNewswire • 3 months ago
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Frequently Asked Questions about Positive Packaging

Positive Packaging was founded in 1961.

Positive Packaging is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Ramkrishnan Laxman is the CEO of Positive Packaging, as recorded in our data.

Positive Packaging has 41 employees.

The primary company behind Positive Packaging, Huhtamaki India Limited, reported revenue of ₹2,565 Cr for FY 2023, down 15% year on year.

Positive Packaging, established in 1961, focuses on providing packaging solutions. Flexible Packaging Solutions - Laminates ( Rolls Tubes), Pouches, CPP Films. Adapting to market demands with innovation. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.

Positive Packaging offers Positive Packaging Platform.

Yes, Positive Packaging is publicly traded on NSE under the ticker symbol HUHTAMAKI.

Positive Packaging has 1 investor. Key investors include Huhtamaki.

Positive Packaging operates through Huhtamaki India Limited.

Yes. Positive Packaging was acquired by Huhtamaki in July 2014.

The legal entities of Positive Packaging currently have 9 directors, including Murali Sivaraman, Ashok Kumar Barat, Seema Modi Jayesh and others.

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