amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Manjushree Technopack India Limited Unlisted Shares
DRHP Status : Not Filed
980
Fundamentals About Manjushree Technopack India Limited
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Key Financials of Manjushree Technopack India Limited
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 1467.5 | 2097 | 2117 | 2570 |
| Cost of Material Consumed | 915 | 1593 | 1483 | 1582 |
| Change in Inventory | -51 | -39 | -22 | -89 |
| Gross Margins | 41.12 | 25.89 | 30.99 | 41.91 |
| Employee Benefit Expenses | 108 | 136 | 138 | 290 |
| Other Expenses | 258.7 | 114 | 144 | 390 |
| EBITDA | 236.8 | 293 | 374 | 397 |
| OPM | 16.14 | 13.97 | 17.67 | 15.45 |
| Other Income | 6 | 12 | 13 | 208 |
| Finance Cost | 49 | 78 | 91 | 122 |
| D&A | 86 | 133 | 155 | 199 |
| EBIT | 150.8 | 160 | 219 | 198 |
| EBIT Margins | 10.28 | 7.63 | 10.34 | 7.7 |
| PBT | 101.4 | 91 | 161 | 284 |
| PBT Margins | 6.91 | 4.34 | 7.61 | 11.05 |
| Tax | 30.6 | 32 | 20 | 19 |
| PAT | 70.8 | 59 | 141 | 265 |
| NPM | 4.82 | 2.81 | 6.66 | 10.31 |
| EPS | 51.68 | 43.07 | 102.84 | 30.58 |
Financial Ratios |
2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 16.14 | 13.97 | 17.67 | 15.45 |
| Net Profit Margin | 4.82 | 2.81 | 6.66 | 10.31 |
| Earning Per Share (Diluted) | 51.68 | 43.07 | 102.84 | 30.58 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 699 | 975 | 937 | 1383 |
| CWIP | 38 | 20 | 55 | 41 |
| Investments | 35 | 16 | 20 | 22 |
| Trade Receivables | 249.8 | 310 | 301 | 424 |
| Inventory | 350.8 | 352 | 354 | 533 |
| Other Assets | 622.8 | 625 | 627 | 802 |
| Total Assets | 1995.4 | 2298 | 2294 | 3205 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 13.7 | 13.7 | 13.71 | 17.33 |
| FV | 10 | 10 | 10 | 2 |
| Reserves | 887 | 937 | 994 | 1411 |
| Borrowings | 674 | 805 | 754 | 973 |
| Trade Payables | 235 | 268 | 276 | 408 |
| Other Liabilities | 185.7 | 274.3 | 256.29 | 395.67 |
| Total Liabilities | 1995.4 | 2298 | 2294 | 3205 |
About Company
Manjushree Technopack Limited is India's largest rigid plastic packaging company, founded in 1983 and headquartered in Bangalore. It serves major FMCG, pharma, and food/beverage brands with over 275,000 MTPA capacity, 30+ manufacturing plants, and 250+ patents. The company offers PET preforms, bottles, and containers, with Advent International acquiring a 77% stake in 2018
The following table shows a 10-point analysis of Manjushree Technopack India Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated 1987 | One of India’s leading rigid plastic packaging companies. |
| Industry | Packaging · FMCG Supply Chain | Operates in the high-growth packaging segment. |
| Core Products | PET bottles · containers · closures | Serves FMCG, pharma, liquor, and food industries. |
| Manufacturing | Pan-India presence | Multiple plants ensure strong distribution capability. |
| Revenue | ₹2,569.8 Cr (FY25) | Strong growth driven by demand and expansion. |
| Profitability | ₹265 Cr PAT (FY25) | Significant improvement in margins. |
| EBITDA | ₹397.2 Cr (FY25) | Healthy operational efficiency. |
| Net Worth | ₹1,374 Cr (FY24) | Strong financial position. |
| Business Model | B2B packaging solutions | Long-term contracts with large clients. |
| Outlook | Consumption-driven growth | Strong demand outlook from FMCG sector. |
Company Overview
(i) Manjushree Technopack India Limited is a leading rigid plastic packaging solutions provider in India, catering to industries such as FMCG, food & beverages, pharmaceuticals, personal care, and industrial products.
(ii) The company specializes in manufacturing PET bottles, containers, caps, closures, and customized packaging solutions, which are widely used in everyday consumer products.
(iii) It operates through a pan-India manufacturing network, enabling proximity-based supply to major clients, reducing logistics costs, and improving service efficiency.
(iv) The company has built long-term relationships with large FMCG and consumer brands, resulting in stable demand and recurring revenue streams.
(v) Over the years, Manjushree Technopack has expanded through strategic acquisitions and capacity additions, strengthening its market leadership in the rigid packaging segment.
Challenges in Manjushree Technopack India Limited’s Business
- Raw material price volatility: Plastic resin prices are linked to crude oil, making margins sensitive to global price fluctuations.
- Environmental and regulatory pressure: Increasing restrictions on plastic usage may impact long-term demand and require business adaptation.
- Client concentration risk: Heavy dependence on large FMCG clients may affect revenue stability if key relationships change.
- Competitive industry landscape: The packaging industry has multiple organized and unorganized players, leading to pricing pressure.
Financial Review of Manjushree Technopack India Limited
Here are some highlights of the financial performance of Manjushree Technopack India Limited over the past few years.
FY25 Performance
• Revenue from operations stood at ₹2,569.8 crore
• EBITDA reported at ₹397.2 crore
• Profit before tax stood at ₹284 crore
• Profit after tax reported at ₹265 crore
FY24 Performance
• Revenue from operations stood at ₹2,117 crore
• EBITDA reported at ₹373.3 crore
• Profit before tax stood at ₹140.29 crore
• Profit after tax reported at ₹141 crore
FY23 Performance
• Revenue from operations stood at ₹2,096.34 crore
• EBITDA reported at ₹293.51 crore
• Profit before tax stood at ₹94.35 crore
• Profit after tax reported at ₹59 crore
Quick Summary
Manjushree Technopack India Limited is a well-established leader in rigid plastic packaging, benefiting from strong demand in FMCG and consumer sectors. The company has demonstrated consistent revenue growth and sharp improvement in profitability, supported by scale, acquisitions, and operational efficiency.
Click Here to visit the official website of Manjushree Technopack India Limited.
Promoters of Manjushree Technopack India Limited
The following are the active promoters/leadership associated with the company:
| Name | Designation | Notes / Profile |
|---|---|---|
| AI Lenarco Midco Ltd | Promoter | Promoter Group · Majority Shareholder |
Shareholding Pattern of Manjushree Technopack India Limited
| Name | Holding |
|---|---|
| SoftBank | 45% |
| Ritesh Agarwal (Promoter) | 31% |
| Other Investors | 17% |
| Lightspeed | 3% |
| Sequoia | 3% |
| Airbnb | 1% |
Promoters of Manjushree Technopack India Limited
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Ashok Sudan | Chairman | 45 yrs |  |
| Thimmaiah NP | MD & CEO | 30 yrs | |
| Rajesh Kumar Ram | CFO | 32 yrs | |
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Frequently Asked Questions
These are shares of the company that are not listed on stock exchanges and are traded privately among investors.
Yes, these shares can be purchased through intermediaries dealing in unlisted securities, subject to availability.
Yes, shares of the company are held in electronic (demat) form.
Yes, the company has shown strong growth in profitability from FY23 to FY25, with improving margins.
Key risks include raw material price fluctuations, regulatory challenges, and client concentration.
Long-term capital gains (after 2 years) are taxed at 20% with indexation, while short-term gains are taxed as per income slab.
+91-9599071664
amit@unlistedkraft.in