Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
National Plastic Industries has filed its 38th Annual Report for FY 2024-25 along with the AGM notice. The 38th AGM is scheduled for Wednesday, 23rd July 2025 at 4:00 PM via video conferencing. Revenue declined marginally to ₹97.57 crore from ₹99.10 crore (down ~1.55%), hit by a sharp 52% drop in export sales due to global trade headwinds and a 46% fall in retail sales. Despite weaker top line, Net Profit After Tax more than doubled to ₹3.75 crore (from ₹1.61 crore), driven by cost control and lower interest outgo. Total borrowings fell sharply from ₹38 crore to ₹23 crore, and EPS recovered to ₹4.11 from ₹1.77. No dividend was declared. AGM agenda includes re-appointment of Whole-Time Director Harsh P. Parekh, approval for loans/guarantees up to ₹50 crore to group entities, appointment of a new secretarial auditor for 5 years, and ratification of cost auditor remuneration.
The sharp profit recovery on a flat-to-declining revenue base signals strong margin discipline and reduced debt burden, which is positive for shareholders. However, weak export and retail performance and the absence of any dividend may limit near-term upside excitement in the stock.