amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Resin & Plastic Limited Unlisted Shares
DRHP Status : Not Filed
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Fundamentals About Resin & Plastic Limited
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Key Financials of Resin & Plastic Limited
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 314 | 252 | 258 | 295 |
| Cost of Material Consumed | 165 | 203 | 207 | 238 |
| Change in Inventory | -1.6 | -1.2 | 0.4 | 1 |
| Gross Margins | 47.45 | 19.44 | 19.77 | 18.98 |
| Employee Benefit Expenses | 12 | 13 | 14 | 17 |
| Other Expenses | 23 | 22 | 22 | 23 |
| EBITDA | 115.6 | 15.2 | 14.6 | 16 |
| OPM | 36.82 | 6.03 | 5.66 | 5.42 |
| Other Income | 1.8 | 0.9 | 2 | 2 |
| Finance Cost | 0 | 0 | 0 | 0.02 |
| D&A | 0.9 | 1.2 | 1 | 1.5 |
| EBIT | 114.7 | 14 | 13.6 | 14.5 |
| EBIT Margins | 36.53 | 5.56 | 5.27 | 4.92 |
| PBT | 16 | 13 | 16 | 16 |
| PBT Margins | 5.1 | 5.16 | 6.2 | 5.42 |
| Tax | 4 | 3 | 4 | 4 |
| PAT | 12 | 10 | 12 | 12 |
| NPM | 3.82 | 3.97 | 4.65 | 4.07 |
| EPS | 28.78 | 23.98 | 28.78 | 28.78 |
Financial Ratios |
2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 36.82 | 6.03 | 5.66 | 5.42 |
| Net Profit Margin | 3.82 | 3.97 | 4.65 | 4.07 |
| Earning Per Share (Diluted) | 28.78 | 23.98 | 28.78 | 28.78 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 11 | 15 | 15 | 15 |
| CWIP | 0.9 | 0 | 0.23 | 0.35 |
| Investments | 20 | 21 | 27 | 17 |
| Trade Receivables | 51 | 54 | 58 | 73 |
| Inventory | 22 | 25 | 19 | 28 |
| Other Assets | 4.1 | 5 | 6.77 | 5.65 |
| Total Assets | 109 | 120 | 126 | 139 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 4.17 | 4.17 | 4.17 | 4.17 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 87 | 95 | 104 | 113 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 13 | 17 | 14 | 18 |
| Other Liabilities | 4.83 | 3.83 | 3.83 | 3.83 |
| Total Liabilities | 109 | 120 | 126 | 139 |
About Company
Resin & Plastic Limited (also referred to as Resins and Plastics Ltd. or RPL) is an Indian manufacturing company specialising in the production of synthetic resins and related polymer products, used across various industrial sectors. The company is unlisted, meaning its shares are not traded on major stock exchanges.
The following table shows a 10-point analysis of Resin & Plastics Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated 1961 | One of the early players in synthetic resins in India with decades of operating experience and established industry presence |
| Industry | Chemicals · Specialty Resins | Operates in a cyclical yet essential segment driven by paints, coatings, adhesives, and industrial demand |
| Core Products | Alkyd · epoxy · phenolic resins | Diverse product portfolio enables presence across multiple end-use industries, reducing dependence on a single segment |
| Manufacturing | Maharashtra-based units | Strategic location supports logistics efficiency and proximity to key industrial customers and ports |
| Revenue | ₹258 Cr (FY24) | Stable revenue growth indicates consistent demand from end-user industries despite cyclical chemical sector trends |
| Profitability | ₹11.57 Cr PAT (FY24) | Profitability remains moderate, reflecting cost pressures but also stable earnings generation over time |
| EBITDA | ₹14–15 Cr (FY24) | Operating margins remain controlled, impacted by input cost volatility typical in resin manufacturing |
| Balance Sheet | Assets ₹129 Cr | Strong asset base supports long-term operations and provides stability to the business model |
| Debt Position | Debt-free | Absence of debt strengthens financial stability and reduces risk during industry downturns |
| Outlook | Industry-linked growth | Future growth depends on demand from coatings, construction, and industrial sectors, with steady long-term potential |
Company Overview
(i) Resin & Plastics Limited is a synthetic resin manufacturing company, engaged in producing a wide range of industrial resins used across multiple sectors.
(ii) Incorporated in 1961 and headquartered in Mumbai, the company has over six decades of experience in specialty chemical manufacturing.
(iii) Its product portfolio includes alkyd resins, epoxy resins, phenolic resins, polyurethane resins, and foundry resins, serving industries like coatings, adhesives, inks, and construction.
(iv) The company operates manufacturing facilities in key industrial zones with port proximity, enabling efficient logistics and export opportunities.
(v) Resin & Plastics follows a manufacturing-led business model, with revenue driven by industrial demand from sectors such as paints, printing inks, textiles, and construction.
Challenges in Resin & Plastics Limited’s Business
- Raw material price volatility: Petrochemical-based inputs significantly impact cost structure and margins.
- Moderate profit margins: Margins remain relatively constrained due to competitive pricing and input cost fluctuations.
- Dependence on end-user industries: Demand is closely linked to sectors like paints, coatings, and construction.
- Working capital requirements: Inventory holding and receivables cycle impact cash flow efficiency.
Financial Review of Resin & Plastics Limited
Here are some highlights of the financial performance of Resin & Plastics Limited over the past few years.
FY24 Performance
• Revenue from operations stood at ₹258 crore
• Profit before tax stood at ₹15.5 crore
• Profit after tax reported at ₹11.57 crore
• EBITDA stood at ₹14.5 crore
FY23 Performance
• Revenue from operations stood at ₹252 crore
• Profit before tax stood at ₹13 crore
• Profit after tax reported at ₹10 crore
• Margins impacted due to higher input costs
FY22 Performance
• Revenue from operations stood at ₹213 crore
• Profit after tax reported at ₹12 crore
• Stable growth phase
• Profitability impacted due to cost pressures
Quick Summary
Resin & Plastics Limited is a well-established specialty chemical manufacturer with stable revenue growth and a diversified product portfolio. The company benefits from broad industrial applications and a debt-free balance sheet, though margin pressure and raw material volatility remain key concerns.
Click here to visit the official website of Resin & Plastics Limited.
Promoters of Resin & Plastics Limited
The following are the active promoters/leadership associated with the company:
| Name | Designation | LinkedIn Profile |
|---|---|---|
| Rupen Ashwin Choksi | Managing Director | View Profile |
| Dipika Vakil Amar | Director | -- |
| Atul Avadh Bansal | Director | -- |
| Jalaj Ashwin Dani | Director | -- |
| Nina Pradip Kapasi | Director | View Profile |
Shareholding Pattern of Resin & Plastic Limited
| Name | Holding |
|---|---|
| Elf Trading & Chemicals Manufacturing Private Limited | 12.16% |
| Shubhit Holdings Pvt Ltd | 8.30% |
| Geetanjali Trading And Investment Private Limited | 8.14% |
| Elcid Investments Limited | 7.29% |
| Other | 64.11% |
Promoters of Resin & Plastic Limited
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Dhiren P. Mehta | Chairman | 30+ |  |
| Rupen A. Choksi | MD | 19 Yrs | |
| Sanket D. Dwivedi | COO | 25 yrs | |
| Sunita R. Satpalkar | CFO | 20+ | |
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Frequently Asked Questions
Resin & Plastics Limited unlisted shares are equity shares of the company that are not listed on NSE or BSE and are traded privately.
Yes, these shares can be purchased through private market platforms, subject to availability.
Yes, a demat account is required to hold these unlisted shares.
The company has stable operations and a strong balance sheet, but margins are sensitive to raw material prices, making it a moderate-risk investment.
Yes, these shares can be sold in the secondary market depending on buyer availability.
Yes, as per SEBI regulations, pre-IPO investors are subject to a six-month lock-in period after listing.
If held for more than two years, gains are taxed at 20% with indexation; otherwise taxed as per income slab.
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