NSE: ALLTIME · BSE: 544479
ALL TIME PLASTICS LIMITED
Manufactures plastic houseware and consumer durables from facilities in Daman, Silvassa and Khatalwada in Gujarat, and recently added a 75,000 sq ft engineered bamboo unit in Guwahati with annual capacity of 3,000 cubic meters. FY26 revenue stood at Rs. 610.53 crore, up 9.4% year-on-year, but profit after tax fell about 25% to Rs. 35.40 crore as West Asia-related trade disruption, raw material cost pressures, and a Rs. 437.28 lakh exceptional charge for new labour codes hit margins. EBITDA margin compressed to 15.12% from 15.8% the prior year, while Q4 FY26 gross margin recovered to 41.9% from 39.1% on a better domestic revenue mix. Capacity utilisation dropped to 67.4% (from 79.5%) as the Khatalwada expansion ramped up, and management expects normalisation as utilisation improves. The company completed an IPO in August 2025 at Rs. 275/share, used part of the proceeds to prepay borrowings, and entered FY27 with an order book it describes as healthy. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastic houseware and consumer durables, Engineered bamboo products. Asset-heavy plastics houseware manufacturer with a new bamboo diversification push
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 611 |
| EBITDA (ex other income) | 86 |
| margin % | 14.0 |
| Owners' profit | 35 |
| EPS, as reported (₹) | 5.79 |
| ROE % · ROCE % | 5.8 · 9.1 |
| Debt / equity (x) | 0.13 |
| Cash from operations | 86 |
| Capex | (133) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 158 | 147 | 159 | 146 | 162 |
| Profit before tax | 17 | 6 | 12 | 13 | 16 |
| Net profit | 13 | 4 | 9 | 9 | 12 |
| EPS (₹) | 2.44 | 0.72 | 1.54 | 1.43 | 1.83 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CELLO WORLD LIMITED | 7,408 | 24.0 | 2.74 | 14.1 | 12.3 | 16.1 | — | 22.2 |
| HAWKINS COOKERS LTD | 4,010 | 30.6 | 9.01 | — | 29.5 | 37.2 | — | 15.8 |
| BOROSIL LIMITED | 2,905 | 41.5 | 3.28 | 15.6 | 8.4 | 9.9 | 15.4 | 16.2 |
| ALL TIME PLASTICS LIMITED ◆ | 1,343 | 37.1 | 2.19 | 14.4 | 5.8 | 6.9 | — | 16.7 |
| Maruti Interior Products Limit | 203 | 3.4 | — | — | — | 21.6 | — | — |
| Inflame Appliances Limited | 170 | 73.2 | — | — | — | 10.0 | — | — |
| GOTHI PLASCON (INDIA) LTD. | 41 | 17.8 | 3.74 | — | 16.6 | 16.4 | — | 63.6 |
| Riddhi Display Equipments Limi | 26 | 4.6 | — | — | — | 14.3 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.1 | 30.6 | 6 of 9 | 38% |
| P/B | 2.2 | 3.0 | 2 of 6 | 80% |
| ROCE | 6.9 | 14.3 | 8 of 9 | 13% |
| ROE | 5.8 | 10.3 | 5 of 6 | 20% |
| Debt / Equity | 0.1 | 0.1 | 4 of 6 | 40% |
| EBITDA margin | 16.7 | 16.4 | 3 of 6 | 60% |
| Revenue growth | 2.4 | 9.0 | 5 of 7 | 33% |
| Profit growth | (6.6) | (7.8) | 3 of 6 | 60% |
| Market cap | 1343 | 203 | 4 of 9 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · Earnings call scheduled for Q2 FY26-27 on November 5 | board shareholder meetings | low | — | — |
| 17 Oct 2026 · Board Meeting on Nov 4, 2026 for Q2 and H1 FY26-27 Results | results | low | — | — |
| 13 Oct 2026 · All Time Plastics schedules analyst meet on Oct 17 at Silvassa | investor communications | low | — | — |
| 8 Oct 2026 · Quarterly Share Capital Audit Report filed for Q2 FY27 | compliance | minimal | — | — |
| 3 Oct 2026 · Reg 74(5) Certificate filed for quarter ended Sep 30, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · All Time Plastics schedules analyst and investor meetings on October 9 | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure for Q2 and H1 FY27 Results | compliance | minimal | — | — |
| 24 Sept 2026 · All Time Plastics 26th AGM concludes; all 6 resolutions passed | board shareholder meetings | low | — | — |
| 22 Sept 2026 · All Time Plastics to attend investor conference on 28 Sept | board shareholder meetings | low | — | — |
| 10 Sept 2026 · All Time Plastics to meet analysts and institutional investors on September 18 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.