Worth Peripherals FY26 results: revenue ₹304.91 crore

Key takeaway from the FY26 update

Worth Peripherals Ltd, a corrugated packaging manufacturer listed on NSE as WORTHPERI and on BSE as 544577, reported its audited FY 2025-26 financial results along with an update on its subsidiary expansion. The company disclosed consolidated revenue from operations of ₹304.91 crore and consolidated profit after tax (PAT) of ₹18.53 crore for FY26. On a standalone basis, revenue from operations stood at ₹209.54 crore and PAT at ₹17.63 crore. The board also recommended a final dividend of 10%, which equals ₹1 per equity share with a face value of ₹10, subject to shareholder approval. Separately, the company said machine installation is at an advanced stage at Worth Wellness Private Limited, and production is expected to start in stages in the coming months.

FY26 audited performance: revenue and PAT

The FY26 numbers indicate that Worth Peripherals generated most of its reported scale at the consolidated level, where the company disclosed revenue from operations of ₹304.91 crore. Consolidated PAT for the year was reported at ₹18.53 crore. On the standalone books, the company reported revenue from operations of ₹209.54 crore and PAT of ₹17.63 crore. The update was positioned as an audited FY26 disclosure, which is typically watched by investors for confirmation of annual profitability and dividend capacity. The company also carried an expansion-related update through its wholly owned subsidiary, which may influence how the market tracks execution and diversification.

Standalone versus consolidated: what the figures show

Worth Peripherals disclosed both standalone and consolidated performance, which matters because the consolidated view includes subsidiary operations. In FY26, standalone revenue from operations was ₹209.54 crore compared with consolidated revenue from operations of ₹304.91 crore. The PAT gap was narrower: standalone PAT was ₹17.63 crore versus consolidated PAT of ₹18.53 crore. The spread between standalone and consolidated revenue suggests the consolidated entity reflects additional business activities beyond the core listed company operations. The company has stated that it has a single reporting segment, Corrugated Boxes, while the subsidiary Worth Wellness is engaged in manufacturing diapers of different sizes.

Dividend: board recommends 10% final payout

The board of directors recommended a final dividend of 10%, amounting to ₹1 per equity share, for FY 2025-26. The company indicated that the dividend is subject to shareholder approval. A separate disclosure also referenced a final dividend of ₹1 per share on 1,57,51,000 equity shares of ₹10 each, indicating the scale of shares on which the payout is calculated. For investors, the dividend recommendation provides a direct datapoint on payout intent, although the approval process remains pending. The company’s communication framed the dividend alongside audited results, a typical pairing for annual dividend announcements.

Worth Wellness expansion: machine installation and staged production

Worth Peripherals said the plant of its wholly owned subsidiary, Worth Wellness Private Limited, is in the advanced stages of machine installation. It also stated that some equipment is scheduled to arrive soon. The company expects to commence production operations in stages in the upcoming months. Another version of the update noted that production is anticipated shortly, while also flagging the possibility of execution delays beyond the expected timeline. The subsidiary’s business is described as manufacturing diapers of different sizes, indicating diversification from corrugated packaging.

Business profile: corrugated packaging focus and customer industries

Worth Peripherals manufactures and sells corrugated boxes and sheets in India. Its product list includes regular slotted containers, die cut corrugated boxes and trays, multi-color corrugated boxes, and Z sleeve and I or honeycomb partitions. The company serves customers in FMCG, textile, electronics, and retail, as disclosed in the provided company description. It was incorporated in 1996 and is based in Indore, Madhya Pradesh. The company has stated that its registered office is in Indore and its manufacturing facility is situated at Pithampur, Madhya Pradesh.

Subsidiary structure and acquisition detail

Worth Peripherals has one wholly owned subsidiary, Worth Wellness Private Limited (CIN: U172020MP2020PTC053302). The company disclosed that on December 28, 2024, it acquired all existing shares of Worth Wellness by way of purchase, making it a wholly owned subsidiary. This corporate action is relevant to understanding why consolidated results differ from standalone results and why investors may focus on how the new subsidiary ramps up. The company also stated that it is entirely engaged in manufacturing corrugated boxes and accessories, and that there was no change in the nature of business as at the end of FY ended March 31, 2025.

Stock snapshot and market-cap figures cited

The provided information included multiple market snapshots from different points, including a current price of ₹136.99 with a market capitalisation of ₹215.77 crore, and another reference showing current price ₹160 with market cap ₹253 crore. A separate figure cited market cap at ₹214.21 crore. These datapoints appear as externally stated snapshots and can vary by date and market movement. For readers, the more durable information in this update remains the audited FY26 results and the board’s dividend recommendation.

Financial comparison points available from FY25

The material also included operational revenue growth figures for FY 2024-25. It stated that standalone revenues from operations increased 11.92% from ₹173.96 crore to ₹194.71 crore in FY25, while consolidated revenues from operations increased 15.66% from ₹238.46 crore to ₹275.79 crore in FY25. These figures provide context for the scale of operations before FY26. When read alongside the FY26 revenue from operations disclosures, investors can compare the multi-year trajectory using the same unit base.

Key numbers table

What to watch next

Two near-term checkpoints follow from the update. First is the shareholder process for the proposed final dividend of ₹1 per equity share. Second is execution at Worth Wellness, where the company has indicated that production is expected to commence in stages in the upcoming months, with some equipment yet to arrive. Investors tracking Worth Peripherals may also focus on how the consolidated numbers evolve as the subsidiary moves from installation to production.

Conclusion

Worth Peripherals’ audited FY26 disclosure highlighted consolidated revenue from operations of ₹304.91 crore and consolidated PAT of ₹18.53 crore, alongside a proposed 10% final dividend. The company also reported progress on its Worth Wellness plant, with machine installation in advanced stages and staged production expected in the coming months. The next updates to watch are the dividend approval outcome and further clarity on production commencement timelines at the subsidiary.