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News

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  • Mitsu Chem Plast has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    17 Apr 2025, 5:20PM As of March 2025, 67.77% is owned by Indian Promoters and 32.23% by Public. <p align=justify> Top five Promoters holding highest number of shares of M
  • Mitsu Chem Plast - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    12 Apr 2025, 10:31PM Intimation of press release dated April 12, 2025, titled 'Mitsu Chem Plast Limited Eyes ?1000 Cr Revenue by 2028'.
  • Mitsu Chem Plast - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    5 Apr 2025, 6:06PM Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st March, 2025.
  • Mitsu Chem Plast - Outcome Of Analysts /Institutional Investors Meeting Held Today I.E. On March 27, 2025.

    27 Mar 2025, 6:58PM Outcome of Analysts/Institutional Investors Meeting held today i.e. on March 27, 2025.
  • Mitsu Chem Plast - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    21 Mar 2025, 3:41PM Intimation for the meeting of Institutional Investors scheduled to be held on March 27, 2025.
  • Mitsu Chem Plast - Appointment of Company Secretary and Compliance Officer

    11 Mar 2025, 6:37PM Intimation for appointment of Company Secretary and Compliance Officer of the Company w.e.f. 11th March, 2025.
  • Mitsu Chem Plast - Integrated Filing (Financial)

    4 Mar 2025, 3:58PM Integrated filing of financial for the quarter ended 31st December, 2024.
  • Mitsu Chem Plast - Announcement under Regulation 30 (LODR)-Investor Presentation

    8 Feb 2025, 1:05PM Investor Presentation for Q3 FY25.
  • Mitsu Chem Plast Q3 net profit down 53.46% at Rs 1.48 cr

    7 Feb 2025, 8:51PM The company reported standalone net profit of Rs 1.48 crore for the quarter ended December 31, 2024 as compared to Rs 3.18 crore in the same period la
  • Mitsu Chem Plast - Result For Quarter Ended 31St December 2024

    7 Feb 2025, 8:49PM Result
  • Mitsu Chem Plast - Board Meeting Outcome for Outcome Of Board Meeting

    7 Feb 2025, 8:44PM Outcome of Board meeting
  • Mitsu Chem Plast - Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Strengthens Global Presence With Rec

    3 Feb 2025, 11:16AM Press release for strengthens Global Presence with record 110% Export Growth during the 2024-25 fiscal period (April'24 to December'24).

Key fundamentals

Evaluate the intrinsic value of Mitsu Chem Plast Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 159.3142 139.5109 118.0687 94.1133 87.4359
Liabilities 159.3142 139.5109 118.0687 94.1133 87.4359
Equity 12.8271 12.0726 12.0726 12.0726 12.0726
Gross Profit 25.6729 26.5926 25.6763 23.0869 15.8563
Net Profit 8.8622 11.8048 11.4999 9.688 3.9751
Cash From Operating Activities 9.3525 21.9915 8.1769 13.1677 12.9666
NPM(%) 2.84 3.82 4.46 5.43 2.86
Revenue 311.2499 308.9746 257.7171 178.3325 138.5483
Expenses 285.577 282.382 232.0408 155.2456 122.692
ROE(%) 11.05 14.73 14.35 12.09 4.96

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day

Peers

Other companies within the same industry or sector that are comparable to Mitsu Chem Plast Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Kingfa Science and Technology (India) Ltd 3137.30 2.91 26.29 118.74 1011.71 0.32
Polymac Thermoformers Ltd 12.00 0.00 0.00 46.88 6.44 0.00
Premier Polyfilm Ltd 57.40 -1.98 22.25 207.67 196.67 0.26
Pearl Polymers Ltd 29.78 -1.68 0.00 164.99 3.89 0.00

Company Info

The Company was incorporated as Mitsu Chem Private Limited on September 23, 1988 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 048925. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11, 2016. Also, vide the same special resolution, the status of the Company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08, 2016 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U25111MH1988PLC048925. The Company, Mitsu Chem Plast Limited, an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified Company, is a polymer based moulded products manufacturing company, engaged in the business of manufacture and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions. The Company was incorporated in the year 1988 and began its first manufacturing unit in Tarapur, Maharashtra, near Mumbai in the year 1990. Over the years we have expanded the scale and scope of operations and currently we operate three (3) manufacturing units for manufacture of various polymer based products. As part of this expansion, in the year 2007, we acquired another plant in Tarapur, Maharashtra admeasuring approximately 36,597 sq. ft. for setting up an exclusive Blow Moulding unit having capacity for various industrial packing, healthcare, automotive and other infrastructural products. Keeping in momentum of the expansion, in the year 2012, with a view to expand the Blow Moulding, Injection Moulding and Custom Moulding product base, we acquired a 11,000 sq. ft. plant at Rudrapur, Uttarakhad (on leasehold basis) and set up the third manufacturing unit, mainly dedicated to automotive components for several established automobile companies in India. The Company's blow moulded product portfolio consists of four major segments viz. Industrial Containers, Healthcare Furniture, Automotive components, Medical Devices and Infrastructure Furniture. The injection moulded product portfolio consists of Medical Devices and Accessories for Industrial Containers, Healthcare Furniture and Automotive components. The products are manufactured under the brand "Mitsu" and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies. For example, majority of the automotive components are sold to various automotive OEMs who are suppliers to Ashok Leyland, Tata Motors and Man Motors. The industrial packing products like open mouth / wide mouth drums, jerry cans, bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. The end users include various national and international automobile companies, pharmaceutical & chemical companies, hospitals, and other corporate houses including National Peroxides Ltd., Galaxy Surfactants Ltd., Castrol India Ltd., Thermax Ltd., Cipla Ltd., Emcure Pharmaceuticals Ltd., Mylan India Ltd., Tata Ficosa Ltd. and Tata Autocomp Systems Ltd., to name a few. We have a dedicated research and development department with a clear objective of new products developments and continual innovation and evaluation of various products, processes and materials to add value wherever needed. As a result of the constant R & D, we have many products pioneered / innovated by us which have been a major contributor to the turnaround of the Company. From innovating Plastic Rings for Industrial Containers, pioneering the Hospital Bed parts first time in India, obtaining selling rights for Wello Waterwheel for tribal women to Spine Board development are some of the examples of the products that are inspired by innovation. In the year 2004, the Company had obtained a patent for the Plastic Rings which forms part of the open top drums. These drums affix a ring around the mouth for holding the mouth in its proper shape thus preventing spillage which has traditionally been a metal ring. This metal ring is subject to corrosion & leaks and also increases the weight of the container. The Company has pioneered a replacement for this metal ring which is a polymer based injection moulded plastic clamp with the same function. The design patented Mitsu Plastic Clamps ensure no corrosion, are lighter in weight, are environment friendly and at the same time are more economical. MAJOR EVENTS 1988 - Incorporated under Companies Act, 1956 as Mitsu Chem Private Limited 1989 - Acquired Plot No. N-84 at MIDC, Tarapur and commenced production of blow moulded and injection mouldedplastic products at Unit - I in Tarapur 1990 - Change in Promoters / Management of the Company 1995 - Acquired Plot No. N-83 at MIDC, Tarapur in the name of one of the Group Company and used the same for manufacturing activities of the Company 1999 - Fresh agreement upon transfer of Plot No. N-83 in the name of the Company and fresh agreement of Plot No. N-84 upon submission of certificate of completion, entered into by MIDC, Tarapur. 2001 - Company received its first ISO Certification 2004 - Product Patent received for `Mitsu Plastic Clamp' under Design No. 195402 2006 - Maiden Bonus Issue of the Company via Capitalizing Rs. 41 lakhs 2007 - Acquired Plot No. J-237 at MIDC, Tarapur for setting up Unit - II for the production of blow moulded plastic products 2012 - Acquired manufacturing premises Khasra No. 60/4 at Rudrapur, Uttarakhand (on leasehold basis) for setting up Unit - III mainly for manufacturing of blow moulded and injection moulded automotive parts and health care products. Acquired Office premises at 322-329 Gala Complex, Mulund, Mumbai for setting up of Registered Office. 2013 - Obtained possession of additional manufacturing of PE-14 at Sanand, GIDC, Gujarat for future expansion of the manufacturing activities. 2014 - Received ISO / TS 16949: 2009 for Blow and Injection Moulded Components like Rain Hood Plastic for Air Cleaner and Washer Bottles for Wiper Systems from TUV Rheinland, Germany. 2015 - Obtained the CE certification from Standards Certification Council for the blow moulded product of Spine Board 2015 - Gross Revenue crosses more than 100 crores 2016 - Change in the name & status of the Company from Mitsu Chem Private Limited to Mitsu Chem Plast Limited 2016 - Sub Division of the Face Value of the Equity Shares from Rs. 100 to Rs. 10 each. 2017 -The Company has increased production capacity by acquiring facilities in the District Thane. 2019 -Company has recommended the issue of Bonus Shares in the ratio of 2:1. -Mitsu Chem Plast bags India SME 100 Award. 2020 -The Company has issued Bonus Shares in the Ratio of 2:1. -Mitsu Chem Plast Limited awarded as 'Compliance Champion SME 2020 Award'. 2024 -The company issued rights shares of Rs. 10 in the ratio of 1:8 at a premium of Rs. 134 per share.

The Company was incorporated as Mitsu Chem Private Limited on September 23, 1988 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 048925. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11, 2016. Also, vide the same special resolution, the status of the Company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08, 2016 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U25111MH1988PLC048925. The Company, Mitsu Chem Plast Limited, an ISO 9001:2008 and ISO TS/16494 (Unit - III) certified Company, is a polymer based moulded products manufacturing company, engaged in the business of manufacture and marketing of technically driven innovative products catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions. The Company was incorporated in the year 1988 and began its first manufacturing unit in Tarapur, Maharashtra, near Mumbai in the year 1990. Over the years we have expanded the scale and scope of operations and currently we operate three (3) manufacturing units for manufacture of various polymer based products. As part of this expansion, in the year 2007, we acquired another plant in Tarapur, Maharashtra admeasuring approximately 36,597 sq. ft. for setting up an exclusive Blow Moulding unit having capacity for various industrial packing, healthcare, automotive and other infrastructural products. Keeping in momentum of the expansion, in the year 2012, with a view to expand the Blow Moulding, Injection Moulding and Custom Moulding product base, we acquired a 11,000 sq. ft. plant at Rudrapur, Uttarakhad (on leasehold basis) and set up the third manufacturing unit, mainly dedicated to automotive components for several established automobile companies in India. The Company's blow moulded product portfolio consists of four major segments viz. Industrial Containers, Healthcare Furniture, Automotive components, Medical Devices and Infrastructure Furniture. The injection moulded product portfolio consists of Medical Devices and Accessories for Industrial Containers, Healthcare Furniture and Automotive components. The products are manufactured under the brand "Mitsu" and the same are sold to various intermediary companies who, after minor value additions and / or modifications supply to various Automobile companies. For example, majority of the automotive components are sold to various automotive OEMs who are suppliers to Ashok Leyland, Tata Motors and Man Motors. The industrial packing products like open mouth / wide mouth drums, jerry cans, bottles and varied size containers are currently the preferred choice of some of the top Indian pharmaceutical companies and are also made of 100% food grade materials adhering to 21 CFR norms as per USFDA standards. The end users include various national and international automobile companies, pharmaceutical & chemical companies, hospitals, and other corporate houses including National Peroxides Ltd., Galaxy Surfactants Ltd., Castrol India Ltd., Thermax Ltd., Cipla Ltd., Emcure Pharmaceuticals Ltd., Mylan India Ltd., Tata Ficosa Ltd. and Tata Autocomp Systems Ltd., to name a few. We have a dedicated research and development department with a clear objective of new products developments and continual innovation and evaluation of various products, processes and materials to add value wherever needed. As a result of the constant R & D, we have many products pioneered / innovated by us which have been a major contributor to the turnaround of the Company. From innovating Plastic Rings for Industrial Containers, pioneering the Hospital Bed parts first time in India, obtaining selling rights for Wello Waterwheel for tribal women to Spine Board development are some of the examples of the products that are inspired by innovation. In the year 2004, the Company had obtained a patent for the Plastic Rings which forms part of the open top drums. These drums affix a ring around the mouth for holding the mouth in its proper shape thus preventing spillage which has traditionally been a metal ring. This metal ring is subject to corrosion & leaks and also increases the weight of the container. The Company has pioneered a replacement for this metal ring which is a polymer based injection moulded plastic clamp with the same function. The design patented Mitsu Plastic Clamps ensure no corrosion, are lighter in weight, are environment friendly and at the same time are more economical. MAJOR EVENTS 1988 - Incorporated under Companies Act, 1956 as Mitsu Chem Private Limited 1989 - Acquired Plot No. N-84 at MIDC, Tarapur and commenced production of blow moulded and injection mouldedplastic products at Unit - I in Tarapur 1990 - Change in Promoters / Management of the Company 1995 - Acquired Plot No. N-83 at MIDC, Tarapur in the name of one of the Group Company and used the same for manufacturing activities of the Company 1999 - Fresh agreement upon transfer of Plot No. N-83 in the name of the Company and fresh agreement of Plot No. N-84 upon submission of certificate of completion, entered into by MIDC, Tarapur. 2001 - Company received its first ISO Certification 2004 - Product Patent received for `Mitsu Plastic Clamp' under Design No. 195402 2006 - Maiden Bonus Issue of the Company via Capitalizing Rs. 41 lakhs 2007 - Acquired Plot No. J-237 at MIDC, Tarapur for setting up Unit - II for the production of blow moulded plastic products 2012 - Acquired manufacturing premises Khasra No. 60/4 at Rudrapur, Uttarakhand (on leasehold basis) for setting up Unit - III mainly for manufacturing of blow moulded and injection moulded automotive parts and health care products. Acquired Office premises at 322-329 Gala Complex, Mulund, Mumbai for setting up of Registered Office. 2013 - Obtained possession of additional manufacturing of PE-14 at Sanand, GIDC, Gujarat for future expansion of the manufacturing activities. 2014 - Received ISO / TS 16949: 2009 for Blow and Injection Moulded Components like Rain Hood Plastic for Air Cleaner and Washer Bottles for Wiper Systems from TUV Rheinland, Germany. 2015 - Obtained the CE certification from Standards Certification Council for the blow moulded product of Spine Board 2015 - Gross Revenue crosses more than 100 crores 2016 - Change in the name & status of the Company from Mitsu Chem Private Limited to Mitsu Chem Plast Limited 2016 - Sub Division of the Face Value of the Equity Shares from Rs. 100 to Rs. 10 each. 2017 -The Company has increased production capacity by acquiring facilities in the District Thane. 2019 -Company has recommended the issue of Bonus Shares in the ratio of 2:1. -Mitsu Chem Plast bags India SME 100 Award. 2020 -The Company has issued Bonus Shares in the Ratio of 2:1. -Mitsu Chem Plast Limited awarded as 'Compliance Champion SME 2020 Award'. 2024 -The company issued rights shares of Rs. 10 in the ratio of 1:8 at a premium of Rs. 134 per share.

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Parent Organisation

Mitsu Chem Plast Ltd.

Founded

23/09/1988

Managing Director

Mr.Sanjay M Dedhia

NSE Symbol

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The CEO of Mitsu Chem Plast Ltd is Mr.Sanjay M Dedhia, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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