Resins And Plastics Unlisted Shares FY24 Results: Is it Worth Investing?
Resin and Plastics has announced its FY24 results. The company manufactures synthetic resins for various industries. These resins are used in products such as adhesives (bonding materials), coatings, printing inks, varnishes, and construction materials. Let’s take a quick look at its FY24 results!
- Revenue: Increased by 2%, from ₹254 crore in FY23 to ₹259 crore.
- PAT (Profit After Tax): Grew by 18%, from ₹9.8 crore to ₹11.6 crore.
- EPS (Earnings Per Share): Increased by 18% to 27.7.
Looking at the valuation, Resin and Plastics Pre IPO has a PE ratio of 22.6, which is significantly undervalued compared to its peers and the industry average PE of 38.
The growth is not extraordinary but stable. From a valuation perspective, it appears to be a solid choice. Therefore, we assign it a neutral rating.
If you're interested in investing in Resin and Plastics unlisted shares, reach out to Planify at the number provided below!
About Resins And Plastics Limited:
Resins and Plastics Ltd. ("The Company" or "RPL") manufactures and markets various synthetic resins primarily in India to a wide range of industries such as adhesives, coatings, printing inks, insulating varnishes, wire enamels, lamination, construction, cosmetics, textiles and foundries. The company is involved in the manufacturing of various resins such as Alkyd Resins, Epoxy Resins, Foundry Resins, Ketonic Resins, and Phenolic Resins some of which are import substitutes. The Company has three manufacturing plants located in Taloja (1) (Maharashtra) and Ankleshwar (2) (Gujarat), both of which are in close proximity to the shipping ports. The company has received approval for higher production from Statutory Authorities during FY21.
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