Shree Tirupati Balajee FIBC Ltd
Incorporated in 2009, Shree Tirupati Balajee 
FIBC Ltd manufactures HDPE /PPWoven Sacks and Flexible Intermediate Bulk Containers[1]
- Market Cap ₹ 786 Cr.
 - Current Price ₹ 776
 - High / Low ₹ 997 / 453
 - Stock P/E 85.9
 - Book Value ₹ 91.0
 - Dividend Yield 0.00 %
 - ROCE 15.5 %
 - ROE 16.9 %
 - Face Value ₹ 10.0
 
Pros
- Company has delivered good profit growth of 32.0% CAGR over last 5 years
 - Promoter holding has increased by 2.30% over last quarter.
 
Cons
- Stock is trading at 8.53 times its book value
 - Though the company is reporting repeated profits, it is not paying out dividend
 - Debtor days have increased from 62.5 to 85.2 days.
 - Promoter holding has decreased over last 3 years: -4.73%
 
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 53 | 61 | 70 | 98 | 121 | 111 | 117 | 198 | 176 | 161 | 208 | 197 | |
| 35 | 48 | 54 | 62 | 88 | 110 | 104 | 108 | 185 | 161 | 138 | 184 | 178 | |
| Operating Profit | 6 | 6 | 6 | 7 | 11 | 11 | 7 | 10 | 13 | 15 | 23 | 25 | 19 | 
| OPM % | 14% | 11% | 11% | 11% | 11% | 9% | 7% | 8% | 6% | 9% | 14% | 12% | 10% | 
| 0 | 1 | 1 | 0 | -0 | -0 | 0 | 0 | 0 | 1 | 3 | 4 | 5 | |
| Interest | 2 | 3 | 3 | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 7 | 8 | 
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 
| Profit before tax | 3 | 3 | 3 | 4 | 6 | 7 | 4 | 6 | 9 | 11 | 18 | 19 | 13 | 
| Tax % | 31% | 6% | 2% | 15% | 21% | 14% | 17% | 26% | 19% | 17% | 20% | 23% | |
| 2 | 2 | 3 | 3 | 5 | 6 | 4 | 5 | 7 | 9 | 14 | 14 | 9 | |
| EPS in Rs | 36.18 | 39.41 | 54.59 | 49.90 | 4.98 | 6.19 | 3.53 | 4.71 | 6.91 | 8.86 | 13.93 | 14.19 | 9.04 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% | 
| 5 Years: | 13% | 
| 3 Years: | 2% | 
| TTM: | 4% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% | 
| 5 Years: | 32% | 
| 3 Years: | 27% | 
| TTM: | -12% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 94% | 
| 3 Years: | 69% | 
| 1 Year: | -18% | 
| Return on Equity | |
|---|---|
| 10 Years: | 16% | 
| 5 Years: | 16% | 
| 3 Years: | 17% | 
| Last Year: | 17% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.62 | 0.62 | 0.62 | 0.62 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 
| Reserves | 8 | 11 | 14 | 17 | 23 | 29 | 33 | 38 | 45 | 53 | 67 | 82 | 
| 16 | 25 | 23 | 21 | 27 | 27 | 33 | 40 | 48 | 49 | 74 | 89 | |
| 3 | 3 | 5 | 2 | 5 | 9 | 6 | 5 | 10 | 6 | 8 | 16 | |
| Total Liabilities | 29 | 39 | 42 | 41 | 65 | 76 | 82 | 92 | 113 | 118 | 159 | 198 | 
| 13 | 13 | 14 | 13 | 13 | 13 | 12 | 13 | 16 | 16 | 37 | 37 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 11 | 18 | 0 | 0 | 
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 
| 15 | 26 | 28 | 28 | 52 | 62 | 67 | 73 | 86 | 85 | 122 | 161 | |
| Total Assets | 29 | 39 | 42 | 41 | 65 | 76 | 82 | 92 | 113 | 118 | 159 | 198 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | 6 | 5 | -4 | 3 | 2 | 1 | 7 | 9 | -13 | -8 | |
| -1 | -0 | -2 | -1 | -8 | -1 | -5 | -5 | -11 | -7 | -7 | -0 | |
| -4 | -1 | -5 | -4 | 12 | -1 | 4 | 3 | 6 | -4 | 20 | 9 | |
| Net Cash Flow | -0 | 1 | -1 | -0 | 0 | 0 | 1 | -2 | 2 | -2 | -0 | 0 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 42 | 62 | 65 | 60 | 39 | 32 | 46 | 51 | 32 | 71 | 85 | 
| Inventory Days | 99 | 102 | 86 | 72 | 71 | 102 | 118 | 141 | 88 | 123 | 173 | 173 | 
| Days Payable | 18 | 6 | 7 | 9 | 12 | 32 | 17 | 9 | 12 | 2 | 7 | 26 | 
| Cash Conversion Cycle | 109 | 138 | 141 | 128 | 119 | 109 | 133 | 177 | 127 | 153 | 237 | 233 | 
| Working Capital Days | 116 | 152 | 43 | 42 | 57 | 69 | 69 | 78 | 50 | 82 | 103 | 114 | 
| ROCE % | 23% | 18% | 17% | 16% | 19% | 15% | 9% | 10% | 12% | 13% | 17% | 16% | 
Documents
Announcements
- 
        
          Outcome of Board Meeting
          
            3 November 2025 - Board approved unaudited standalone and consolidated results for H1 ended 30 Sep 2025; limited review recorded.
 - 
        
          Outcome of Board Meeting
          
            3 November 2025 - Approved unaudited H1 FY2025-26 results on Nov 3, 2025: revenue Rs9,355.40 lakh; standalone PAT Rs186.82 lakh.
 - 
        
          Certificate under SEBI (Depositories and Participants) Regulations, 2018
          
            8 October 2025 - RTA certificate under Reg.74(5) for quarter ended 30 Sep 2025: all shares dematerialised; no remat requests.
 - 
        
          General Updates
          
            30 September 2025 - Resignation of Amit Agarwal; Vinod Verma appointed non-executive director of STB International Pvt Ltd effective 30 Sep 2025.
 - 
        
          Appointment
          
            30 September 2025 - Appointed Mr. Vinod Verma as Additional Non-Executive Director effective 30 September 2025.
 
Business Overview:[1]
STB FIBC Ltd is a part of Shree Tirupati Balajee (STB) Group. It is an ISO 22000-2005, 14001-2015 & 9001-2015 and B.R.C. certified manufacturer and exporter of FIBC and PP packaging products
Product Profile:
a) FIBCs / Big Bags:[2]
Type C Conductive bags, UN Certified bags,
Form Stable Baffle bags, Sift resistant bags,
Bags with specialty liners, Form fit liner Heat resistant liners for cement and fly ash packaging Single / Double loop bags, Tunnel lift bags Normal FIBC’s, Builder bags, Fertilizers bags etc.
b) Fabric:[3]
Woven Fabric, Un-Laminated PP/HDPE Woven Fabric, Laminated PP/HDPE Woven Fabric, Tarpaulins/Roll of Tarpaulin Fabric
c) Bags & Sacks:[4]
PP HDPE Bags & Sacs, Un-Laminated Woven Bags And Sacks, PP Bags/Sacks With Multicolour Printing
d) Container Liner:[5]
These are made of light weight woven polypropylene and a heavy duty woven polypropylene bulk heads. Used for dry flow able products such as powders, granules and food products