Manjushree Technopack Limited

1301200MANJUSHREE TECHNOPACK LIMITEDDELISTED SHARE

ABOUT MANJUSHREE TECHNOPACK LIMITED

MANJUSHREE TECHNOPACK LIMITED is one of the leaders in the rigid plastic packaging sector. The company today has made a wide range of portfolio of more than 1000 custom & stock products. The company is supplying its products to 15 other countries other than India. The company is serving its products to various industries including FMCG, food products, dairy, liquor, agrochemicals, home care, personal care, and pharmaceuticals. Some of the prominent clients of Manjushree Technopack Limited include Coca-Cola, Dabur, Sun Pharma, Godrej, Nivea, Pfizer, Amway, etc.

Manjushree Technopack Limited has a capacity of 1,75,000 Million Tonnes of plastics into bottles, containers, and PET performs. The company has now expanded to make its pan India presence.

The company has specialized in Promotional packaging. The company helps its customers in idea generation, designing, and production of promotional packaging that will lead to improving the shelf presence and customer assigned value of the product.

Manjushree Technopack Limited is also serving the end consumers through the retail way. The company sells kitchen storage products, back-to-school products, and bottles & sippers, all in one umbrella named ‘Assure’. Assure products are currently white-labeled and sold by Cloudtail on various e-commerce websites like Flipkart, Amazon, Paytm, etc. These products are also sold through offline retail stores like Vishal Mega Mart, Dmart, etc.

The company is focused on the controlled bio-degradation of products. For the same, the company has partnered with global leaders in masterbatch technology to use new biotransformation technology.

The company runs a community museum, named ‘Reuseum’, which offers an interactive experience that educates the people about materials, processes, and systems on recycling plastics.

Manjushree Technopack Limited Details as of March 31, 2022

Incorporation Details of Manjushree Technopack Limited

 PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 BOARD OF DIRECTORS

Sanjay Digambar Kapote (Managing Director)

Surendra Kedia (Whole Time Director)

Shweta Jalan (Director)

Sanjay Digambar Kapote (Director)

Jayesh Tulsidas Merchant (Director)

Manu Anand (Director)

Pankaj Kotwani (Director)

Ashok Sudan (Chairman & Independent Director)

Sanjay Kapote (Executive Director and CEO)

 PARTICULARS OF SUBSIDIARY COMPANIES

 MANJUSHREE TECHNOPACK LIMITED LISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

INDUSTRY OUTLOOK

 Packaging plays a very important role in consumer’s overall purchasing experience. Packaging mainly has four functions – containment, communication, utility, and protection. In traditional commerce, packaging was used to create uniqueness and increase shelf presence in stores through attractive colors, shapes, and graphics.

Packaging ranks as the fifth-largest sector of the Indian economy. India’s packaging industry is estimated to grow at a CAGR of around 26% from 2020 to 2025. This rapid growth can mainly be attributable to changing lifestyles, rising population, and internet penetration. As the packaging industry is growing, it is becoming attractive to investors around the world. The major part of the packaging industry accounts for rigid packaging with laminate. However, flexible packaging is on the growth path. Moreover, the packaging industry is correlated with other industries like Food processing, pharmaceuticals, etc. Food processing is the biggest consumer of packaging, followed by pharmaceuticals and personal care products. Therefore, growth in this industry will directly impact the growth of the packaging industry. As the ecommerce segment is on continuous exponential growth, transit packaging and Omnichannel packaging are considered as the most potential segments.

Indian Packaging Industry increased from a valuation of US$ 31.7 billion in 2015 to US$ 72.6 billion by 2020 and is estimated to reach US$ 103.32 billion by 2025. However, the COVID 19 pandemic, slowed down the growth of the industry. But due to the emergence of online retail and e-commerce, the Packaging industry continued to rise steadily. During and after the pandemic, many companies are shifting their packaging business from China to other countries like India. After the lockdowns, the demand in the packaging industry grew sharply on account of recovery in healthcare products, eCommerce, and groceries.

 PROFIT & LOSS STATEMENT OF MANJUSHREE TECHNOPACK LIMITED (In Rs. Lakhs)

BALANCE SHEET OF MANJUSHREE TECHNOPACK LIMITED (In Rs. Lakhs)

 DIVIDEND HISTORY

 PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 5.95% from Rs. 1,14,890.22 lakhs in FY 2019 to Rs. 1,08,050.29 lakhs in FY 2020.

EBITDA of the company decreased by 11.24% from Rs. 21,114.40 lakhs in FY 2019 to Rs. 18,741.59 lakhs in FY 2020. EBITDA margins also lowered from 18.38% in FY 2019 to 17.35% in FY 2020.

Profit after Tax of the company increased by 34.8% from Rs. 4,985.67 lakhs in FY 2019 to Rs. 6,722.54 lakhs in FY 2020. The main reason of the growth in net profit can be attributed to low depreciation expenses in FY 2020.

The current Ratio of the company as of 31st March 2020 was 1.07.

The company has long-term and short-term borrowings of Rs. 18,757.71 lakhs and Rs. 25,010.72 lakhs as of 31st March 2020. Debt to equity ratio of the company as of 31st March 2020 was 0.95.

The book value per equity share of the company as of 31st March 2020 was Rs. 336.56.

The company has not given any dividends for FY 2020.