BSEBai-Kakaji Polymers LtdMediumNeutral
Announced Tue, 2 Jun · 12:14 IST

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Revised Investor Presentation ....

Mgmt Guided Margin ImprovementCfo Debt Reduction RoadmapInvestor Communications View source PDF

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Price reaction · full curve 14 horizons · vs prior close
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₹171.90
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₹170.00
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AI summary

Bai-Kakaji Polymers, a Latur-based PET preform and closures maker listed on BSE SME, filed its FY26 investor presentation. FY26 consolidated revenue grew 12% YoY to ₹365 Cr, with PAT up ~49% to ₹27 Cr and EBITDA margin expanding ~300 bps to ~13.4%. The business runs two engines — rigid PET preforms/caps (₹351 Cr) and flexible packaging through wholly-owned subsidiary Mundada Polymers (₹14 Cr, ramping at ~96.5% utilisation). Gross margins expanded from 23% to 32% over FY23–FY26 on backward integration, while the balance sheet was repaired via IPO proceeds — net worth tripled to ₹176 Cr and total borrowings fell ~40% to ₹66 Cr. Cash flow from operations swung to a positive ₹28 Cr. Anchor clients include Reliance, Tata, Patanjali, HUL and Nestlé across 822+ active customers.

Likely market impact

For shareholders, this shows a credible turnaround story with operating leverage, margin expansion and a cleaner balance sheet driving PAT growth well ahead of revenue growth; the FY27 RPET entry and Gujarat/Kerala expansion plans offer potential upside catalysts, though the company remains a small BSE-SME play with no forward guidance beyond FY26.