Makes rigid PET preforms and plastic caps and closures for beverage and FMCG companies, operating four plants in Latur, Maharashtra. The rigid packaging business — PET preforms and caps — accounts for ₹351 crore of FY26 revenue and serves anchor clients including Reliance, Tata, Patanjali, HUL and Nestlé across 822+ active customers, running at around 87% capacity utilisation. A smaller flexible packaging business makes shrink films through wholly-owned subsidiary Mundada Polymers, generating ₹14 crore of FY26 revenue at 96.5% utilisation. Raw materials — primarily PET resin and polymer inputs — are the biggest cost item at 61.6% of revenue, while employee and other operating costs together account for 14% of revenue. The group runs 5 MW of captive solar power, has a gross block of ₹260 crore, and raised ₹105.17 crore via an IPO in December 2025 that was largely used to repay ₹64 crore of debt. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. PET preforms and caps & closures, Flexible packaging (shrink films). Asset-heavy plastic packaging manufacturer serving consumer goods customers, exposed to polymer raw-material cycles.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 365 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 15.69 |
| ROE % · ROCE % | — · 23.6 |
| Debt / equity (x) | — |
| Cash from operations | 25 |
| Capex | (66) |
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 203 |
| Profit before tax | 18 |
| Net profit | — |
| EPS (₹) | 8.12 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SHAILY ENG PLASTICS LTD | 15,077 | 85.2 | 21.04 | 52.9 | 23.7 | 28.3 | — | 29.7 |
| SAFARI IND (INDIA) LTD | 7,556 | 45.8 | 6.78 | 25.5 | 15.1 | 17.9 | 44.2 | 14.0 |
| VIP INDUSTRIES LTD | 4,276 | — | 14.77 | — | (116.8) | (59.1) | 24.6 | (1.2) |
| NILKAMAL LIMITED | 3,071 | 21.9 | 1.94 | 9.9 | 7.4 | 7.3 | 12.5 | 9.7 |
| BAI-KAKAJI POLYMERS LIMITED ◆ | 646 | 37.2 | — | — | — | 19.3 | — | — |
| PRIMA PLASTICS LTD. | 152 | 7.7 | 0.79 | 5.2 | 11.0 | 10.4 | 6.1 | 21.3 |
| AVRO INDIA LIMITED | 106 | 2.9 | 1.18 | 9.8 | 5.1 | 6.5 | — | 8.5 |
| NIRAJ ISPAT IND LTD | 18 | 11.8 | 1.13 | — | 10.2 | 10.8 | — | 50.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Bai-Kakaji Polymers holds investor meetings with Envision and Rimo Capital | investor communications | low | — | — |
| 10 Sept 2026 · Investor Meetings Update Under SEBI Reg 30 (9-Sep-2026) | investor communications | low | — | — |
| 5 Sept 2026 · Bai-Kakaji Polymers to hold two investor meetings on 9-Sep-2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Bai-Kakaji Polymers schedules investor meetings on 9 September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Investor Meeting Update With Kuber India Opportunity Fund | investor communications | low | — | — |
| 31 Aug 2026 · Update on Investor Meeting with Kuber India Opportunity Fund on 3 Sep 2026 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · AGM Notice Published: 13th AGM on 12 Sep 2026, E-voting 4-13 Sep | compliance | minimal | — | — |
| 19 Aug 2026 · 13th AGM on 12 Sep 2026; RPT approval and MOA amendment on agenda | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Annual Report FY26 submitted; 13th AGM set for Sept 12, 2026 | compliance | low | — | — |
| 19 Aug 2026 · Annual Report 2025-26 weblink letter sent to non-email shareholders | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.2 | 16.9 | 6 of 8 | 29% |
| ROCE | 19.3 | 8.9 | 2 of 10 | 89% |
| Market cap | 646 | 646 | 5 of 9 | 50% |
| 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 |
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