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    Packaging & Containers
Arrow Greentech Limited

Arrow Greentech Limited

ARROWGREEN.NS
Arrow Greentech LimitedIN flagNational Stock Exchange of India
680.00
INR
+16.60
- -
10.26BMarket Cap
Arrow Greentech Limited
ARROWGREEN.NS
(National Stock Exchange of India)

Recent

price

680.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
5.87
6.68
12.67
28.14
38.53
40.34
41.75
27.44
27.21
18.63
37.14
23.81
75.37
98.44
161.24
132.88
132.71
Revenue per Share
-0.48
-1.85
2.22
12.56
17.73
24.26
27.07
0.22
-13.24
-8.43
4.55
-6.62
8.52
19.56
41.83
31.38
31.34
Basic EPS, GAAP
-1.18
-1.63
5.41
13.61
17.78
16.66
3.38
1.77
-18.29
-12.91
-2.77
-4.47
-0.69
4.9
40.27
25.79
- -
Free Cash Flow per Basic Share
- -
0.04
- -
-0.7
1.59
5.13
1.59
4.89
2.04
0.49
- -
0.14
0.04
1.07
2.08
4
- -
Dividend per Share
11.26
17.74
11.4
21.33
36.25
53.95
79.35
74.32
59.21
55.91
51.51
44.74
52.88
69.04
10
10
9.99
Book Value per Share
15.45
21.08
13.01
22.07
35.76
56.15
76.83
77.09
61.08
63.78
60.27
51.36
67.17
83.32
124.18
155.18
154.98
Tangible Book Value per Share
6
6
12
13
13
13
13
13
13
12
14
14
14
15
15
15
15
Basic Weighted Avg Shares
33
40
147
355
485
508
526
346
343
220
523
336
1,087
1,485
2,434
2,005
2,005
Sales/Revenue/Turnover
-1
-31.78
15.35
52.42
64.29
75.1
66.37
3.71
-52.5
-48.08
10.54
-26.25
17.31
26.07
33.26
28.33
28.33
Operating Margin (%)
2
2
3
4
10
11
16
44
37
36
46
47
67
78
74
78
78
Depreciation Expense
-3
-11
26
158
223
306
341
3
-167
-100
64
-93
123
295
631
474
474
Net Income, GAAP
- -
- -
8.48
19.23
22.4
23.62
12.06
94.7
- -
- -
- -
- -
32
27.84
26.73
27.05
27.05
Effective Tax Rate (%)
-8.09
-27.73
17.55
44.63
46.01
60.14
64.85
0.79
-48.66
-45.23
12.25
-27.8
11.3
19.87
25.94
23.61
23.61
Profit Margin (%)
69
129
103
114
173
379
517
408
292
223
338
307
600
698
1,379
1,842
1,842
Working Capital
67
74
26
1
1
1
- -
1
- -
51
41
34
18
8
5
16
16
LT Debt
106
147
171
298
472
730
991
996
795
776
866
768
1,003
1,288
1,900
2,362
2,362
Total Equity
- -
- -
9.29
60.41
62.66
45.69
34.21
0.07
- -
- -
- -
- -
13.97
24.06
37.08
19.31
19.31
Return on Invested Capital (%)
- -
- -
15
73.75
59.28
51.69
39.23
0.38
- -
- -
- -
- -
16.89
31.64
101.58
259.26
259.26
Return on Capital (%)
-4.16
-13.02
21.6
78.96
61.56
53.78
40.62
0.28
-19.83
-14.17
9.24
-13.76
17.63
32.71
105.88
313.78
313.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6
- -
7
LT Borrowings
- -
- -
- -
LT Finance Leases
20
- -
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
- -
15
Market Capitalization
8,479
7,640
6,935

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,852
- -
1,987
Cash, Cash Equivalents & STI
1,368
- -
1,298
Accounts Receivable, Net
122
- -
342
Inventories
236
- -
252
Total Current Liabilities
172
- -
145
Payables & Accruals
- -
- -
- -
ST Debt
6
- -
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.49%
23.91%
24.29%
Free Cash Flow
-154.62%
-35.41%
-35.97%
Net Income, GAAP
-671.23%
-49.59%
-25%
Sales/Revenue/Turnover
34.1%
54.18%
-17.6%
Total Cash Common Dividend
- -
526.99%
92.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
439
291
249
505
1,485
2025
661
648
551
573
2,434
2026
416
611
561
418
2,005

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.19
3.38
3.25
- -
19.56
2025
13.36
12.37
8.52
7.58
41.83
2026
7.21
10.42
8.81
4.9
31.38

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.07
2025
- -
- -
- -
- -
2.08
2026
- -
- -
- -
- -
4
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Business
Arrow Greentech Limited is an India-based manufacturer specializing in water-soluble films and bio-based sustainable packaging solutions. The company produces a variety of core products including PVA/PVOH-based water-soluble films under the brand Watersol™, bio-compostable flexible films and injection molded rigid products under the brand Bioplast, water-soluble capsulated hygiene chemicals branded as Klenz Pro™, edible film packaging for pharmaceuticals and nutraceuticals via its subsidiary Avery Pharmaceuticals, and advanced security and anti-counterfeit technologies. Its product applications span diverse sectors such as health, hygiene, packaging, printing, agriculture, and security technology. Arrow Greentech operates manufacturing facilities in Ankleshwar and Ahmedabad, India, supported by R&D labs in Mumbai, and maintains a subsidiary in the United Kingdom. Founded in 1990 and headquartered in Mumbai, the company serves both domestic and global markets with a strong focus on sustainable technologies. Recent major developments include strategic expansions such as the acquisition of industrial land in the Dahej-II Industrial Estate to support future capacity growth in green technologies, enabling Arrow Greentech to scale operations and expand product offerings. The company has achieved a debt-free status for the first time in five years and increased investment cash flow by over 300% year-over-year, underlining its financial strengthening and focus on growth. Avery Pharmaceuticals, the company’s subsidiary, has expanded to 54 approved nutraceutical products, with increased traction in contract manufacturing and international exports. Arrow Greentech also intensifies efforts in anti-counterfeit and security solutions, leveraging new patents and an expanding intellectual property portfolio. The company aligns with national priorities such as Atma-Nirbhar Bharat and Make in India, participating actively in government tenders and import substitution programs. It also continues to innovate in water-soluble films with process improvements and new applications targeting sustainable packaging demand. Overall, Arrow Greentech Limited positions itself as a technology-driven multi-vertical manufacturer focusing on eco-friendly, proprietary materials and chemicals with robust innovation, expanding global presence, and ongoing capacity enhancements. The company’s latest strategic moves emphasize product diversification, geographic expansion, and deepening its footprint in sustainable and regulatory-compliant sectors.