Intimation of press release dated April 12, 2025, titled ''Mitsu Chem Plast Limited Eyes ?1000 Cr Revenue by 2028''.
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Awaiting price reaction for this filing.
Mitsu Chem Plast Ltd has announced an ambitious plan to reach ₹1,000 crore in annual revenue by 2028, which would be roughly three times its FY24 topline of ₹312.28 crore. The company is celebrating its 35th anniversary and outlined four growth pillars: operational excellence, data-driven marketing, scientific innovation, and empowered teams. It plans to aggressively expand its Furnastra hospital furniture brand and its packaging division (pails, blow-moulded containers, specialised caps). The company also highlighted deepening international presence across the Middle East, Europe, and Asia. FY24 financials show EBITDA of ₹25.67 crore and profit after tax of just ₹8.86 crore, indicating thin margins that will need significant improvement to support the growth target.
This is a forward-looking aspiration rather than confirmed guidance, so expect the stock to react based on investor belief in execution capability. Achieving 3x revenue on a sub-₹9 Cr profit base will require both top-line acceleration and meaningful margin expansion — a high bar for a small-cap polymer products company.