ABOUT RESINS & PLASTICS LIMITED
RESINS & PLASTICS LIMITED is a pioneer in the manufacturing and marketing of Synthetic Resins in India. Resins & Plastics Limited started its operations in 1971. The company’s product portfolio has a wide range of products – Alkyds, Acrylics, Polyamides, Phenolic, Polyurethane, and Maleic Resins.
Today, Resins & Plastics Limited has pan India sales network /distributors providing technical service and support to small, large & MNCcustomersoperating in SurfaceCoatings, Adhesives, Printing Inks and ConstructionChemicals. The company exports to neighboring countries of India and are planning to expand it to other countries.
Resins & Plastics Limited has 3 manufacturing facilities, One located at Maharashtra Industrial Development Corporation (MIDC), Taloja in Maharashtra, and Two at Gujarat Industrial Development Corporation (GIDC), Ankleshwar in Gujarat. Both of these facilities are located close to shipping ports.
The company has a well-equipped R&D center that is recognized by the Government of India and it leverages technology to achieve a competitive advantage for its customers.
Pragati Chemicals Limited (hereinafter referred to as ‘PCL’) has been merged with the Resins & Plastics Limited with effect from 1st April 2019 videNational Company Law Tribunal (NCLT) order dated 25th June 2020. Pragati Chemicals Limited manufactures Amino Resins, Ketonic Resins, and Epoxy Resins.
22 December 1961
Address of the Registered office and contact details
A-8 Marol Industrial Estate of MIDC,
Cross Road B, Street No. 5,
Andheri (East), Mumbai 400 093; Tel.: 61987000
Email: firstname.lastname@example.org Website:www.resplast.com
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai – 400 083
Tel No. : +91 22 49186270; Fax : +91 22 49186060
E-mail id: email@example.com
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
BOARD OF DIRECTORS
Shri Abhay A. Vakil (Chairman)
Shri Rupen A. Choksi (Managing Director)
Shri Ashwin S. Dani
Shri Bharat B. Chovatia
Shri Dhiren P. Mehta
Shri Chetan S. Thakkar
Smt. Hemangi N. Modi
PARTICULARS OF SUBSIDIARY OR ASSOCIATE COMPANIES
RESINS & PLASTICS LIMITED does not have any subsidiary or associate company.
RESINS & PLASTICS LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 89.31 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Synthetic Resins are primarily used in the Adhesives, Construction Chemicals, and IndustrialCoatings & Printing Inks Industries. The raw materials used in manufacturing synthetic resins witnessed price fluctuation during FY 2020.
In FY 2021, automation, higher production, and increased sales of existing and new products would be the main thrust areas for the resin manufacturers.
The Global resin market is projected to increase significantly due to the rise in demand for sustainable packaging for water bottles and other items.
The resin market is segmented geographically into the Asia Pacific, the Middle East and Africa, Europe, North America, and Latin America. Among these markets, Asia Pacific is in the dominant position and has the largest market share in the resin market at present. This growth has mainly come from emerging economies such as India, China, and Japan. China is one of the biggest consumers of resin.
The future of Resin market in India looks bright with opportunities in transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods.
In view of the restrictions imposed by regulatory authoritiesdue to COVID-19 lockdown, the production and sales were adversely affected for a few days during the FY2020. All the operations were disrupted since mid-March 2020 and the industry saw partial commencementof production from May 2020. Resins & Plastics Limited has now commenced operating across its all the three plants after takingrequisite government permissions.
KEY FINANCIALS OF RESINS & PLASTICS LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax and exceptional items
Profit After Tax (PAT)
BALANCE SHEET OF RESINS & PLASTICS LIMITED (In Rs. Lakhs)
NON CURRENT ASSETS
Non current investments
Long term loans and advances
TOTAL NON CURRENT ASSETS
Cash and Cash equivalents
Other financial assets
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity share capital
NON CURRENT LIABILITIES
Other long term liabilities
TOTAL NON CURRENT LIABILITIES
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
PERFORMANCE OF THE COMPANY
During the FY 2020, Revenue from operations increased to Rs. 13,854.67 Lakhs as against Rs. 12,536.39 Lakhs in FY 2019, an overall growth of 11% due to the merger of Pragati Chemicals Limited with Resins and Plastics Limited.
On the Other hand, Standalone revenue from operations of Resins & Plastics Limited decreased to Rs. 11,987.41 Lakhs in FY 2020 as against Rs. 12,536.39 Lakhs in FY 2019, a de-growth of 4%. Due to COVID-19 lockdown, the production and sale were adversely affected for a few days during FY 2020.
EBITDA of the company slightly increased from Rs. 972.77 Lakhs in FY 2019 to Rs. 990.38 Lakhs in FY 2020.
The Profit After Tax for FY 2020 is Rs. 857.30 Lakhs as against Rs. 732.53 Lakhs in the FY 2019, the overall growth of 17% due to the merger of Pragati Chemicals Limited with Resins and Plastics Limited.
Standalone Profit After Tax of Resins & Plastics Limited for FY 2020 is Rs. 738.61 Lakhs as against Rs. 732.53 Lakhs. The Company has been able to sustain the profitability due to the timely purchase of raw materials in the uncertain and volatile market and bringing in further improvement in yields.
The current ratio of the company as of 31st March 2020 was 6.10. This states that the company can easily pay off all its current liabilities and does not have any liquidity issues.
The company does not have any long term or short-term borrowings.
Resins & Plastics Limited is consistently and progressively giving dividends from the past 3 years. For FY 2020, the company is giving a dividend of Rs. 4.5 per equity share.
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