Xpro Share Price

Xpro India Limited is a diversified, multi-divisional polymer processing company with a strong commitment to the polymer processing industry. The company is the leading manufacturer in India of coextruded plastic sheets, thermoformed liners, and specialty films, including dielectric films and special-purpose BOPP films. Its product portfolio caters to end markets such as electrical insulation, white goods, industrial packaging, and automotive applications. The Xpro India share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Xpro India stock price often mirrors shifts in demand from white goods manufacturers, electrical equipment producers, and industrial packaging sectors, as well as investor views on the specialty chemicals and packaging industry’s growth prospects. Factors such as the pace of capacity expansion, competitive intensity from domestic and international players, raw material cost inflation (including polymers and resins), and government policies on manufacturing and electrification influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Xpro India stock price movements.

Xpro India live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Xpro India live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Xpro India share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Xpro India Limited Company Fundamentals

a. Company Background

Xpro India Limited was incorporated in 1997. The company’s registered office is located in Bankura, West Bengal, India. The company was incorporated on November 26, 1997, as “Biax Films Limited” under the Companies Act, 1956, and the present name was adopted w.e.f. September 22, 1998. The company is part of the BIRLA Group, a conglomerate comprising many divisions with a global presence in manufacturing and trading activities. Xpro India’s primary activity involves polymers processing at multiple locations and is the leading manufacturer in India of Coextruded Plastic Sheets, Thermoformed Liners, and Speciality Films (including Dielectric Films and special-purpose BOPP Films). The company operates in three divisions: Biax, Coex, and Thermosets. It has a wholly owned subsidiary, Xpro Dielectric Films FZ-LLC, incorporated on May 21, 2024, as a Limited Liability Company in the Free Zone in the Emirate of Ras Al Khaimah, UAE. The company operates in a competitive environment, with its products catering to industries including white goods, electrical insulation, industrial packaging, and automotive applications.

b. Product Lines

• Dielectric BOPP films for electrical and electronic applications including capacitors, transformers, and power equipment (accounted for about 26% of FY25 revenue)

• Coextruded plastic sheets for white goods manufacturers including refrigerator inner and door liners

• Thermoformed liners for refrigerator and appliance applications

• Co-extruded cast films for packaging and industrial applications (a little over 11% of FY25 revenue)

• Thermosetting powders including phenol formaldehyde and melamine formaldehyde

• Synthetic resins and phenolic resins

• Release films for industrial applications, supplied to tyre players including JK Tyre, Apollo Tyres, and CEAT

• Thermoformed components for specific industrial uses

c. Company Revenue Model

• Primary revenue from the sale of polymer-based products including dielectric films, coextruded sheets, thermoformed liners, cast films, and thermosetting powders

• Volume-driven revenue based on production capacity utilization and customer offtake

• Revenue from exports to international markets through subsidiaries and distribution networks

• Long-term customer relationships with large OEMs (LG, Whirlpool, Godrej, Haier, Voltas, CEAT, Apollo Tyres) providing recurring revenue streams

• High entry barriers and long customer qualification cycles contributing to pricing stability and repeat orders

• Revenue from wholly owned subsidiary Xpro Dielectric Films FZ-LLC in UAE

• Capacity expansion investments driving future revenue growth through new product lines and enhanced production capabilities

d. Geographic Presence

• Strong presence across India with manufacturing facilities at multiple locations

• Registered office and factory located in Barjora, West Bengal

• Corporate office located at Birla Building, 2nd Floor, 9/1, R.N. Mukherjee Road, Kolkata, West Bengal

• International presence through wholly owned subsidiary Xpro Dielectric Films FZ-LLC in Ras Al Khaimah, UAE (incorporated on May 21, 2024)

• Serves a diverse customer base including white goods manufacturers (LG, Whirlpool, Godrej, Haier, Voltas), electrical equipment manufacturers, and tyre companies (JK Tyre, Apollo Tyres, CEAT)

• Operations primarily concentrated in India with growing international footprint through the UAE subsidiary

• Digital platform enabling customer acquisition across domestic and international markets

e. Key Milestones

• 1997: Incorporated as Biax Films Limited on November 26

• 1998: Renamed to Xpro India Limited w.e.f. September 22

• 2002-03: Increased production capacity of Thermoplastic Films/Sheets/Liners by 1,500 MT to 18,600 MT; increased production capacity of Thermosetting Powders & Synthetic Resins by 186 MT to 4,450 MT

• 2003-04: Further increased production capacity of Thermoplastic Films/Sheets/Liners by 2,500 MT to 21,100 MT

• 2003: Acquired a running business on September 29

• 2024: Incorporated wholly owned subsidiary Xpro Dielectric Films FZ-LLC in Ras Al Khaimah, UAE on May 21

• 2024: Divested Xpro Global Limited, which ceased to be a subsidiary from September 30, 2024

f. Industry Perspective

Xpro India Limited operates in the polymers processing and specialty films industry. Globally, the specialty films market was valued at approximately USD 45 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 6-7% from 2025 to 2030, driven by increasing demand from electrical insulation, packaging, and electronics industries. The Asia-Pacific region is the largest and fastest-growing market, driven by rapid industrialization and electronics manufacturing. In India, the specialty polymers and films market is poised for substantial growth. India’s packaging industry is projected to grow at a CAGR of 15-20% over the next five years, reaching USD 200 billion by 2030. The white goods market in India is growing at 12-15% annually, driving demand for coextruded sheets and thermoformed liners. The capacitor film market (dielectric films) in India is expected to grow at a CAGR of 18-20% over the next five years, driven by electronics manufacturing, renewable energy, and electric vehicle adoption. The government’s focus on ‘Make in India’ and the Production Linked Incentive (PLI) scheme for white goods and electronics has created significant opportunities. Xpro India is the only manufacturer of capacitor packaging material in India, with no domestic competitor due to the capital-intensive nature of the business. Key challenges include raw material price volatility (polymers, resins), intense competition from international players, and the need for continuous technological upgradation.

Xpro India Limited Stock Market Presence: Listings & Index Representation

Xpro India is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol XPROINDIA and on the Bombay Stock Exchange (BSE) with the scrip code 590013. Its listing on both exchanges ensures that the Xpro India price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company’s ISIN number is INE445C01015, with a face value of ₹10 per share. The company has been listed on stock exchanges since its IPO in 2000. The company forms part of several benchmark indices that represent broad market segments. Xpro India is included in indices such as BSE 500, BSE AllCap, BSE SmallCap, BSE Commodities, and Nifty 500 on the NSE. Being represented in multiple indices enhances the visibility and liquidity of the Xpro India stock price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s polymers processing and specialty films landscape. The inclusion of Xpro India in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the stock price to corporate and industry developments.

Xpro India Limited Stock Performance and Share Price History

The Xpro India price has exhibited significant volatility over the past decade, shaped by the company’s transformation from a commodity polymer processor to a specialised manufacturer and broader industrial cycles. The Xpro India share price recorded a negative total return of approximately 41.68% over the last 1 year, underperforming broader market indices and reflecting near-term headwinds including raw material cost pressures and valuation concerns. The Xpro India share price delivered a 5-year total return of 3,334.80% and a 10-year return of 40.8%, demonstrating substantial long-term wealth creation despite recent underperformance. The Xpro India share price reached a 52-week high of ₹1,677.00 and a 52-week low of ₹788.05, indicating a wide trading range and substantial price fluctuations of approximately ₹889 from peak to trough. The Xpro India share price recorded a strong rally in 2021, delivering a substantial positive annual return of 2,677.2%, while the subsequent period has seen the Xpro India stock price correct significantly from its peak levels. The Xpro India share price has shown a 1-month return of approximately -9.9% to -14.1% and a 3-month return of -19.3% to -10.6% as of April 2026, indicating recent consolidation.

The Xpro India price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 16.20% year-on-year revenue growth to ₹554.95 crore in FY2025, the Xpro India stock price showed a muted reaction. The Xpro India price has shown a pattern of strong positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the Xpro India stock price. Corporate developments, including strategic announcements such as the incorporation of the wholly owned subsidiary in UAE, capacity expansion plans, and the company’s focus on dielectric films, have also influenced short-term fluctuations in the Xpro India share price. The Xpro India share price has shown a 5-year total return of 3,966.01% and a 10-year total return of 5,257.81% since IPO. The Xpro India share price reached its 52-week high of ₹1,677.00 before declining to its 52-week low of ₹788.05, reflecting the volatility inherent in the specialty polymers space. The Xpro India share price has shown a year-to-date return of approximately -22.3% to -38.4% as of April 2026, indicating continued pressure in the current fiscal year. Comprehending these patterns in the Xpro India price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Xpro India stock price movements illustrate how industry fundamentals, capacity expansion cycles, and investor expectations converge in market pricing.

The Xpro India share price has shown distinct seasonal patterns over the past decade. In terms of annual performance, the Xpro India share price delivered its strongest annual return of 2,677.2% in 2021, followed by a positive return of 59.0% in 2020, 52.7% in 2023, and 42.2% in 2024. The stock recorded negative annual returns in 2025 (-38.4%), 2019 (-49.5%), and 2026 year-to-date. The Xpro India share price has demonstrated that the stock tends to perform better in periods of strong demand from white goods and electrical equipment manufacturers, while underperforming during phases of input cost inflation and intense competition from international players.

Xpro India Limited Investor Relevance and Role in Portfolio

Xpro India holds a significant position for portfolio investors who seek exposure to India’s specialty polymers and packaging sector with a focus on high-margin niche products. The company’s position as the only manufacturer of capacitor packaging material in India and its strong relationships with marquee clients (LG, Whirlpool, Godrej, Haier, Voltas, CEAT, Apollo Tyres) aligns it with investment strategies that value manufacturing excellence, high entry barriers, and durable customer relationships. The Xpro India share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor capacity expansion metrics and order book indicators when evaluating allocation decisions.

Institutional stakeholders play a significant role in Xpro India’s ownership profile, with notable long term investment entities such as SBI Mutual Fund, Bank of India Mutual Fund, Quantum Mutual Fund, Neuberger Berman Emerging Markets Equity Fund, and other institutional investors among key shareholders identified in institutional holdings data. Mutual fund holders of Xpro India encompass those that seek manufacturing and packaging exposure, including Quantum Small Cap Fund (1.64% holding), Bank of India Midcap Tax Fund Series 2 (0.45% holding), and other mutual funds as per shareholding data. As of December 2025, promoters held 40.31%, mutual funds held 0.84%, Foreign Institutional Investors (FIIs) held 14.63%, Domestic Institutional Investors (DIIs) held 2.29%, and retail held 41.93% of Xpro India. FII/FPI holdings increased from 14.44% to 14.63% in Dec 2025 qtr, while institutional investors decreased holdings from 17.87% to 17.79%. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

The beta analysis of Xpro India across multiple time periods highlights its changing volatility in relation to the overall market. Based on data, the long-term beta stands at 1.72, indicating that the stock is generally more volatile than the broader market over an extended period. In short-term daily analysis, beta values over the one-month range of 0.0284 show low sensitivity to recent market fluctuations, while the three-month range of 0.187 indicates even lower responsiveness. Weekly data reveals beta over a one-year period of 0.075 showing minimal sensitivity, with the two-year weekly beta of 1.27 indicating higher market linkage. The two-week beta over a two-year period of 1.80 reflects stronger responsiveness to market movements over that timeframe. The monthly beta over two years of 1.88 suggests significantly higher volatility when analyzed on a monthly basis. Supporting statistics such as mean values (ranging from 478.07 to 1054.37) and standard deviations (from 3.08 to 22.82) further indicate variability in performance across periods. The daily price range percentages are: 3-day at 9.29%, 5-day at 6.46%, 10-day at 5.39%, 15-day at 6.49%, 35-day at 5.24%, and 50-day at 4.97%, indicating moderate to high intra-period volatility. The average weekly movement of Xpro India stock is approximately 4.7%, compared to the chemicals industry average of 4.6% and the market average of 5.2%, indicating slightly lower volatility than the broader market but similar to its industry. The stock’s beta coefficient is approximately 0.49 to 0.71 on some sources, while others indicate a beta of 1.2168 to 1.72, reflecting the stock’s changing sensitivity to market movements across different measurement periods. The Xpro India share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Xpro India stock price’s beta reflects that the company’s established market position and high entry barriers may provide some stability, though the specialty polymers sector remains sensitive to raw material cost fluctuations and international trade dynamics.

Xpro India Limited Sectoral Relevance and Peer Positioning

The sector relevance of Xpro India is anchored in its role within the broader Indian polymers processing and specialty films industry, where it competes with other diversified manufacturing companies. As part of this industry, the company’s strategic positioning connects dielectric films, coextruded sheets, and thermoformed liners to downstream industries including white goods, electrical insulation, industrial packaging, and automotive applications. Competitors in the polymers processing and specialty films segment include companies such as Cosmo First Limited, Jindal Poly Films Limited, Polyplex Corporation Limited, and other domestic and international players. Xpro India is the only manufacturer of capacitor packaging material in India, with no domestic competitor due to the capital-intensive nature of the business. Firms with parallels in either product portfolio scale or niche market focus are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Xpro India P/E ratio have shown variations over different periods. The current P/E ratio of Xpro India stands at approximately 62.54 to 189.48 times, representing a premium to its peers’ median range of 33.30 to 33.65 times. The Xpro India P/E ratio has shown fluctuations over the past several years, with the ratio at 67.99 in 2025, 50.60 in 2024, 27.01 in 2023, 38.27 in 2022, 10.52 in 2021, and 48.04 in 2020, reflecting changing investor perceptions of the company’s earnings potential.

Similarly, the Xpro India EPS narrative has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from capacity expansion and product mix upgrade supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material inflation and softer demand phases have moderated EPS momentum. Xpro India earnings have shown a trajectory that responded to both revenue growth and margin pressures over the analysed period. Xpro India market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving specialty polymers market, currently standing at approximately ₹2,021 crore to ₹2,611 crore.

Xpro India Limited Market Cap History

Over the last ten years, the market capitalisation of Xpro India has followed a pattern of significant growth followed by recent moderation. From fiscal year 2016 onwards, the company’s market cap showed an increasing trend, reflecting strong investor confidence during the specialty polymers boom. The market cap increased from approximately ₹500 crore in 2016 to over ₹2,000 crore in 2021, and reached a peak of approximately ₹2,611 crore in 2025. Subsequently, from fiscal year 2025 through the most recent period, the market cap has shown a declining trend, contracting from its peak levels to approximately ₹2,021 crore to ₹2,611 crore as of April 2026. This decrease mirrors the correction in the Xpro India share price and the broader underperformance of the specialty chemicals sector relative to broader market indices.

The earnings history of Xpro India over the past five years has been characterised by a period of growth followed by recent moderation. Net income showed a generally increasing trend from 2020 to 2024, with reported net profit rising from ₹3.98 crore in 2020 to ₹83.54 crore in 2021, ₹449.32 crore in 2022, ₹453.64 crore in 2023, ₹438.79 crore in 2024, and ₹379.97 crore in 2025. This represents a decline of 13.40% from FY2024 to FY2025. Annual revenue for XPRO India Ltd increased by 16.20% to ₹554.95 crore in FY 2025 from ₹477.59 crore in FY 2024. The 10-year aggregate net profit stands at ₹146.32 crore according to some sources, while the 10-year aggregate EBITDA is ₹411.69 crore. This recent earnings moderation reflects the impact of demand normalization, increased competitive intensity, and raw material cost pressures on the company’s profitability.

The Earnings Per Share (EPS) history for Xpro India has shown significant variation over the past decade. The diluted EPS growth rate has shown variation, with EPS at ₹5.64 TTM, ₹16.19 in some periods, ₹17.17 in others, and ₹6.49 in 2022. According to data, EPS was ₹6.31 in 2022, ₹19.64 in 2023, ₹19.17 in 2024, ₹16.19 in 2025, and ₹5.5 in TTM. Over a ten-year period, the company demonstrated strong EPS performance in earlier years followed by recent decline. The highest 3-year average EPS growth rate was recorded in the 2020-2022 period when the company saw exceptional profitability, while recent years have shown moderation in per-share earnings.

The Price-to-Earnings (P/E) ratio history of Xpro India has shown extreme fluctuations over the ten-year period due to volatile earnings. At the end of recent fiscal years, the P/E ratio varied, with 2020 at 48.04, 2021 at 10.52, 2022 at 38.27, 2023 at 27.01, 2024 at 50.60, and 2025 at 67.99. The mean historical P/E ratio over the last ten years has varied significantly. The current P/E ratio stands at a premium to the industry peer median of 33.30 times, reflecting that investor expectations remain anchored to the company’s niche market position and capacity expansion potential despite near-term earnings headwinds. The Xpro India share price has been influenced by these valuation metrics. The Xpro India stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Xpro India is a leading specialty polymers and packaging company in India listed on both the NSE and BSE, where the Xpro India share price reflects demand from white goods and electrical sectors, raw material cost dynamics, and capacity expansion within the specialty polymers industry. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader industrial manufacturing themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s specialty films market.