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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2023-24 (approximate))
Investment Thesis
Purity Flexpack Limited is an established Gujarat-based flexible and multilayer packaging manufacturer with over three decades of operational experience. Trading at ₹20 per share in the unlisted market, the company serves the growing Indian packaging sector but faces competition from much larger listed peers. Limited financial disclosures make quantitative assessment challenging.
Pros
Cons
Business Segments
Flexible Packaging Manufacturing
Manufacturing of flexible packaging products for confectionery, dairy, basic food, personal care, pharmaceutical, tobacco, tea, and spices sectors; Tajpura, Vadodara, Gujarat.
Revenue Model
Purity Flexpack Limited generates revenue through manufacturing and selling flexible and multilayer packaging materials to companies in the food, FMCG, pharmaceutical, and agricultural sectors on a B2B basis.
Detailed Analysis
Growth Plans
Growing demand for packaged food and FMCG products driving flexible packaging consumption in India
Pharma packaging growth as Indian pharmaceutical exports continue to expand
Potential shift to sustainable flexible packaging if the company invests in eco-friendly materials
Industry Tailwinds
Growing demand for packaged food and FMCG products driving flexible packaging consumption in India
Recent Developments
Purity Flexpack Limited reported revenue of approximately Rs. 108 crore for the financial year ending March 2024 and employs approximately 143 people as of October 2024, reflecting stable growth.
FY2024Comparable Companies
UFLEX · ~5000 Cr
Frequently Asked Questions
About Purity Flexpack
Purity Flexpack Limited is a Gujarat-based manufacturer of flexible packaging materials incorporated on 29 March 1988 and listed as a public limited company. The company is headquartered in Vanseti, Panchmahal district, Gujarat, and operates as a specialist in multi-layer flexible packaging for industries requiring high-performance barrier packaging solutions. Purity Flexpack's product portfolio spans a wide range of multilayer flexible packaging materials produced in various combinations of Polyester, Metalised Polyester, Aluminum Foil, PVC, BOPP (Biaxially Oriented Polypropylene), LDPE, HMHD, Glassine Paper, and Poster Paper. These materials are essential for packaging in segments that require moisture barrier, oxygen barrier, UV protection, and tamper-evident features. The company's primary market segments include confectionery, dairy, basic foods, personal care, pharmaceutical, tobacco, tea, and spices. These are among India's most demanding flexible packaging consumers — each requiring customized barrier specifications to maintain product freshness, hygiene, and shelf life. In FY2024, Purity Flexpack reported revenue of approximately Rs. 108 crore, serving clients across multiple FMCG and pharma industries. The company employs approximately 143 people as of October 2024, reflecting a mid-scale manufacturing operation in Gujarat's industrial belt. Located in Panchmahal — which is part of Gujarat's industrial cluster near Vadodara — Purity Flexpack benefits from proximity to FMCG and pharmaceutical manufacturing clients in Gujarat and western India. India's flexible packaging market is growing driven by FMCG expansion, food safety requirements, and modern retail's preference for attractive, functional packaging. The company's long history since 1988 combined with revenue of Rs. 108 crore and continued operations with 143 employees suggests a stable, growing mid-scale packaging manufacturer with established market relationships.
Key Milestones
Incorporated 1988 in Gujarat (CIN: L25200GJ1988PLC010514) — 37+ years old
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Pharma packaging growth as Indian pharmaceutical exports continue to expand
Potential shift to sustainable flexible packaging if the company invests in eco-friendly materials
Industry Headwinds
Stricter environmental regulations on plastic packaging
Volatility in petrochemical raw material prices affecting manufacturing costs
Environmental and regulatory pressure on plastic/flexible packaging sector
Source: Regulatory Filings
No credit rating from recognized agencies
Source: Media Reports / Public Records
Limited public financial disclosure beyond revenue figures
Source: Company Financial Filings
Increasing government regulations on plastic packaging and single-use plastics could impact demand for certain flexible packaging products
Flexible packaging is highly dependent on petrochemical-derived raw materials (BOPP, PET, PE films) whose prices are volatile and linked to crude oil prices
Faces competition from large organized players like Uflex (revenue ~₹14,000 Cr), Cosmo Films, and Huhtamaki India in the flexible packaging market
COSMOFILMS · ~2000 Cr
HUHTAMAKI · ~1500 Cr
Flexible packaging manufacturer; products for confectionery, dairy, food, personal care, pharma, tobacco, tea, spices
Revenue ~₹40 Cr; authorized ₹5 Cr; promoters: Davda, Shah, Kothari; website: purityflexpack.com
Registered at Tajpura, Vadodara, Gujarat