Manufactures and sells plastics products, reporting FY26 revenue of ₹1,109.62 lakh, up 66% from ₹667.88 lakh in FY25. Materials account for 94.9% of revenue, leaving an EBITDA margin of 1.6% and a net profit margin of 1.37%; FY26 net profit was ₹15.19 lakh on EPS of ₹0.26. The balance sheet is weak: total assets of ₹450.06 lakh sit against liabilities of ₹501.59 lakh, and other equity stands at ₹-647.73 lakh as accumulated losses exceed the ₹581 lakh paid-up share capital, leaving the company with negative net worth. The statutory auditor flagged ongoing income tax litigation with an uncertain outcome. The entity is registered in Ahmedabad, Gujarat, and is listed only on BSE (Scrip Code 526439), with 58,10,000 outstanding equity shares. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Plastics manufacturing sales. Very small-scale, thin-margin plastics manufacturer with negative net worth and weak balance sheet
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 6 | 7 | 11 |
| EBITDA (ex other income) | (0) | (0) | 0 | 0 | 0 |
| margin % | — | — | 0.6 | 0.9 | 1.6 |
| Owners' profit | (0) | (0) | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.21) | (0.83) | 0.10 | 0.14 | 0.26 |
| ROE % · ROCE % | 37.6 · 37.5 | 59.7 · 59.7 | (8.2) · 201.3 | (11.9) · (14.1) | (29.5) · (34.3) |
| Debt / equity (x) | (1.30) | (1.11) | (1.04) | (1.20) | (1.79) |
| Cash from operations | (0) | (0) | 0 | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 1 | 5 | 1 | 2 | 3 | 4 | 4 |
| Profit before tax | (0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | (0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | (0.01) | 0.05 | 0.05 | 0.04 | 0.06 | 0.10 | 0.03 | 0.16 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper publication of notice of 35th AGM, book closure and e-voting | compliance | minimal | — | — |
| 4 Sept 2026 · Book Closure for 35th AGM from September 21 to September 30, 2026 | compliance | minimal | — | — |
| 4 Sept 2026 · 35th Annual Report and AGM Notice filed for FY 2025-2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Notice of 35th AGM on September 30, 2026 - 3 ordinary business items | board shareholder meetings | low | — | — |
| 24 Aug 2026 · New Company Secretary and Compliance Officer appointed | management changes | medium | — | — |
| 24 Aug 2026 · Board appoints new Company Secretary and Compliance Officer | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board Meeting on Aug 13 to Approve Q1 FY27 Unaudited Results | results | low | — | — |
| 14 Jul 2026 · Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 | compliance | minimal | — | — |
| 27 Jun 2026 · Trading Window Closed from July 1 for Q1 Results | compliance | minimal | — | — |
| 21 May 2026 · Newspaper Advertisement on Audited Financial Results for the Quarter and Year Ended March 31, 2026 of the Company | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| CREATIVE NEWTECH LIMITED |
| 1,682 |
| 25.8 |
| 4.34 |
| 19.2 |
| 18.1 |
| 21.0 |
| — |
| 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.3 | 14.7 | 110 of 161 | 32% |
| ROCE | (34.4) | 2.0 | 181 of 184 | 2% |
| ROE | (29.5) | 2.3 | 168 of 174 | 4% |
| Debt / Equity | (1.8) | 0.0 | 6 of 175 | 97% |
| EBITDA margin | 1.5 | 4.5 | 100 of 137 | 27% |
| Revenue growth | 155.0 | (8.6) | 21 of 135 | 85% |
| Profit growth | 98.0 | 0.6 | 47 of 157 | 71% |
| Market cap | 5 | 25 | 164 of 174 | 6% |
| 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 |
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.
