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RATING

RECOMMENDATION

Strong Buy

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RATING

RECOMMENDATION

Strong Buy

  • unlisted stock logo
    Resins and Plastics Unlisted Shares Essentials

ISIN

INE422F01017

Face Value

₹10.00

Total Share

35,72,300

Total Income

₹14,906.83

Profit After Tax

₹1,168.30

Promoter Holding

86.44 %

EPS

₹28.00

P/E

13.04

Market Capitalisation

₹130.39 Cr

Book Value

₹73,01,00,000.00

Intrinsic Value

₹663.00

Sector

Materials

Sub-sector

Diversified Chemicals

Category

Upcoming IPO

Cashflow - Operations

-₹653.10

Cashflow - Financing

-₹188.19

Resins and Plastics Growth

Compounded Sales Growth

  • 6.14%

    1 Year

  • 8.55%

    2 Year

  • 4.79%

    4 Year

Pro Only

Compounded Profit Growth

  • 36.28%

    1 Year

  • 26.29%

    2 Year

  • 17.90%

    4 Year

Pro Only

Return On Equity

  • 15.14%

    1 Year

  • 14.91%

    3 Year

  • 14.63%

    4 Year

Pro Only

About Resins and Plastics

  • Resins and Plastics Ltd. (RPL) is one of India's leading Synthetic Resin manufacturers catering to a wide range of industries today such as Adhesives, Coatings, Printing Inks, Insulating Varnishes, Wire Enamels, Lamination, Construction, Cosmetics, Textiles and Foundries. RPL commenced its operations in 1971 for manufacturing Alkyd Resins, Epoxy Resins, Foundry Resins, Ketonic Resins, and Phenolic Resins some of which are import substitutes. RPL's manufacturing facilities are located at MIDC, Taloja in Maharashtra and GIDC, Ankleshwar in Gujarat, both of which are in close proximity to the shipping ports. RPL's strength lies in its manufacturing and strong distribution network that spans across India. RPL has its own sales offices and branches across the country and also deals through a few major distributors across different regions.
  • Over the years, RPL has also established itself as a noteworthy exporter of synthetic resins to the Coatings and Printing Ink manufacturers of the neighboring countries. In the coming years, the company is also focusing on expanding its wings further across Asia, Africa, and Middle East and South East Asian countries

  • Resins and Plastics Subsidiaries

  • RPL also has an associate company, Pragati Chemicals Ltd. (PCL) that focuses on the manufacturing of Amino Resins, Ketonic Resins and Epoxy Resins. PCL has a plant in Ankleshwar in Gujarat that is eco-friendly using natural gas as a source for heat.
  • Resins and Plastics Product & Services

Adhesives

Coatings

Printing Inks

Insulating Varnishes

Wire Enamels

Lamination

Construction

Cosmetics

Textiles and Foundries


  • Resins and Plastics Industry Overview

Industry Statistics

  • The plastic material and resins manufacturing market consist of the sales of plastic material and resins by entities (organizations, sole traders or partnerships) that produce resins, plastic materials, and non-vulcanizable thermoplastic elastomers and mix and blend resins on a custom basis and/or produce non customized synthetic resins.
  • Plastic materials refer to a large class of polymers, which consist of a range of synthetic or semi-synthetic compounds that are malleable and can be molded into solid objects of diverse shapes. The basic structure of plastics is given by macromolecule chains formulated from monomer units by chemical reactions.
  • The plastic industry in India made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made, and the industry has grown and diversified rapidly. The industry spans the country and hosts more than 2,000 exporters. It employs about 4 million people and comprises more than 30,000 processing units, 85-90% of which are small and medium-sized enterprises.

Government Initiatives

The Plastics Export Promotion Council (PLEXCONCIL) is the apex government body for the promotion of exports by the Indian plastics industry. The organization acts as an interface between the exporting community and the Government of India, and also sponsors delegations from overseas to India.

Resins and Plastics Strengths

  • Resins and Plastics manufactures Alkyd Resins, Epoxy Resins, Foundry Resins, Ketonic Resins, and Phenolic Resins some of which are import substitutes.
  • In the current Financial Year, manufacturing improvement, higher production, reduce wastages, improve quality standards, increased sales with a focus on Polyamide, Acrylics and Polyester, strengthen R&D towards existing products and new products with value added contribution, generate alternate supplier and low-cost sources, improve safety compliance and roll out EHS drive within organization, would be the major thrust areas.
  • In Recent years a lot of Modification of manufacturing facilities to improve process technology is done in order to get an edge in production from the company’s competitors.

Resins and Plastics Shortcomings

  • In view of COVID-19, Central and State Governments has imposed severe lockdown, this has forced company to stop production and also adversely affected demand for a few months during the Financial Year 2020-21.

Resins and Plastics Opportunities

  • In the coming years, The Company is focusing on expanding its wings further across Asia, Africa, and Middle East and South East Asian countries.
  • RPL's focus in the coming years will be to develop resins for the new generation. It will focus not only on the traditional products like 'Alkyds' but invest considerable financial resources and time on developing resins that are eco-friendly and moving along with the world trends.
  • Focus on research and innovation projects will continue and this will enable launch of improved as well as new products of superior quality in the market to meet clients’ expectations/demands.

Resins and Plastics Threats

  • Oil price volatility is likely to have a negative impact on the plastic material and resins market as significant decline and increase in oil prices negatively impacts the government and consumer spending.
  • Potential Third Wave of Covid-19 could have another slowdown in the economy which would eventually lead to slowdown in Plastic and Resins Sector.
Resins and Plastics Rating

  • RECOMMENDATION

    Strong Buy

  • Resins and Plastics Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

Registered Date

22/12/1960

Planify Ticker

res&plasdtc

Reg Office: A-8 Marol Industrial Estate of MIDC, Cross Road B, Street No.5, Andheri (East), Mumbai 400093.

Website: http://www.resplast.com/