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Comparison

International Packaging Films Limited vs SPEL Limited

International Packaging Films Limited (IPAK) is worth Rs 23.3 bn at the latest close, 3.1 times the market value of SPEL Limited (SPEL) at Rs 7.6 bn. In their latest annual results IPAK reported revenue of Rs 42.2 bn (FY2026) and SPEL Rs 9.4 bn (FY2026). IPAK trades at 4.7× earnings and SPEL at 6.6×. Dividend yields: IPAK 6.3%, SPEL 2.5%.

IPAK and SPEL compared
Latest IPAK FY2026 SPEL FY2026
Price Rs 31.72 Rs 39.80
Market value Rs 23.3 bn Rs 7.6 bn
P/E 4.7× (stronger) 6.6×
P/B 1.29× 1.03× (stronger)
Dividend yield 6.3% (stronger) 2.5%
Revenue (latest year) Rs 42.2 bn Rs 9.4 bn
Revenue growth, year on year 22.7% (stronger) -2.3%
Revenue growth, 5 years a year — 17.7%
Profit (latest year) Rs 5.0 bn (stronger) Rs 1.1 bn
EPS (latest year) Rs 6.73 Rs 5.99
Dividend per share Rs 2.00 Rs 1.00
Net margin 11.7% 12.1% (stronger)
Return on equity 30.9% (stronger) 16.9%
Debt to equity 65.5% 12.1% (stronger)
Current ratio 1.17× 2.97× (stronger)
Dividend streak (years) 2 12 (stronger)

Highlighted: the higher figure where higher is usually stronger (growth, margins, returns, yield) or the lower where lower is (P/E, P/B, debt). A highlight is a comparison, not a recommendation.

Revenue by fiscal year IPAK SPEL
Revenue by fiscal year Rs 42 bn SPEL FY2017: Rs 2.7 bn FY2017 SPEL FY2018: Rs 3.0 bn FY2018 SPEL FY2019: Rs 3.4 bn FY2019 SPEL FY2020: Rs 3.1 bn FY2020 SPEL FY2021: Rs 4.2 bn FY2021 IPAK FY2022: Rs 13.1 bn SPEL FY2022: Rs 6.3 bn FY2022 IPAK FY2023: Rs 19.9 bn SPEL FY2023: Rs 6.4 bn FY2023 IPAK FY2024: Rs 22.8 bn SPEL FY2024: Rs 7.0 bn FY2024 IPAK FY2025: Rs 34.4 bn SPEL FY2025: Rs 9.6 bn FY2025 IPAK FY2026: Rs 42.2 bn SPEL FY2026: Rs 9.4 bn FY2026
Profit by fiscal year IPAK SPEL
Profit by fiscal year Rs 5 bn SPEL FY2017: Rs 417.1 mn FY2017 SPEL FY2018: Rs 344.3 mn FY2018 SPEL FY2019: Rs 241.2 mn FY2019 SPEL FY2020: Rs 258.8 mn FY2020 SPEL FY2021: Rs 460.2 mn FY2021 IPAK FY2022: Rs 1.4 bn SPEL FY2022: Rs 538.9 mn FY2022 IPAK FY2023: Rs 2.1 bn SPEL FY2023: Rs 491.1 mn FY2023 IPAK FY2024: Rs 90.8 mn SPEL FY2024: Rs 641.0 mn FY2024 IPAK FY2025: Rs 1.2 bn SPEL FY2025: Rs 1.3 bn FY2025 IPAK FY2026: Rs 5.0 bn SPEL FY2026: Rs 1.1 bn FY2026

Prices at the latest close; financial figures from each company's latest annual report. Information only, not investment advice.