BSE: 526439
AMBITIOUS PLASTOMAC COMPANY LT
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
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | 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 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ 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 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 25.5 | 13.9 | 95 of 130 | 27% |
| ROCE | (34.4) | 2.1 | 174 of 177 | 2% |
| 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 | 21 | 161 of 179 | 10% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 20 Oct 2026 · Compliance Certificate under SEBI DP Regulations for Q2 FY26 | compliance | minimal | — | — |
| 1 Oct 2026 · All 3 resolutions passed with 100 percent approval at 35th AGM | compliance | minimal | — | — |
| 30 Sept 2026 · Ambitious Plastomac 35th AGM proceedings filed with BSE | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 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 | — | — |
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.