Resins & Plastics Ltd Share Price

Resins and Plastics Limited Unquoted/Illiquid Shares - Company Overview

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, and large & MNCcustomersoperating in SurfaceCoatings, Adhesives, Printing Inks, and construction chemicals. 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 Resins & Plastics Limited with effect from 1st April 2019 vide National Company Law Tribunal (NCLT) order dated 25th June 2020. Pragati Chemicals Limited manufactures Amino Resins, Ketonic Resins, and Epoxy Resins.

Resins and Plastics Limited Unquoted Share Details as of March 31, 2024

Resins & Plastics Limited Incorporation Details

Resins & Plastics Limited Principal Business Activities

Resins & Plastics Limited Board of Directors

Shri Dhiren P. Mehta, Chairman

Shri Rupen A. Choksi, Managing Director

Shri Ashwin S. Dani, Director

Smt. Dipika A. Vakil, Director

Shri Bharat B. Chovatia, Director

Shri Chetan S. Thakkar, Director

Smt. Hemangi N. Modi, Director

Resins & Plastics Limited Shareholding Pattern (As of 31-03-20234)

Industry Outlook

Synthetic Resins are primarily used in 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 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 authorities due 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 commencement of production from May 2020. Resins & Plastics Limited has now commenced operating across its all the three plants after taking requisite government permissions.

FAQ's on Resins & Plastics

Q: What is the face value of Resins & Plastics Ltd shares?

Answer: The face value of Resins & Plastics Ltd is ₹10 per equity share.

Q: What is the minimum lot size for buying Resins & Plastics shares through WWIPL?
Answer: The minimum lot size for Resins & Plastics shares is 100 equity shares

Q: How can I buy Resins & Plastics unlisted shares through WWIPL?
Answer: Investors can complete KYC, confirm the transaction details with WWIPL, transfer funds, and receive the shares directly in their Demat account.

Q: Why should I buy Resins & Plastics shares through WWIPL?
Answer: WWIPL offers transparent pricing, secure transactions, seamless Demat transfers, competitive pricing, and end-to-end support throughout the investment process.

Q: Is investing in Resins & Plastics Ltd a good idea?
Answer: Investors generally evaluate Resins & Plastics based on its profitability, established market position, manufacturing capabilities, product portfolio, and long-term growth prospects in the specialty chemicals industry.

Q: Why do investors buy Resins & Plastics shares before a potential IPO?
Answer: Investors seek early exposure to an established specialty chemicals manufacturer before a potential listing, aiming to benefit from future value creation and liquidity opportunities.

Q: What business does Resins & Plastics Ltd operate in?
Answer: Resins & Plastics Ltd manufactures and markets synthetic resins, including alkyd, acrylic, polyamide, polyurethane, phenolic, maleic, epoxy, amino, and ketonic resins used in coatings, adhesives, printing inks, construction chemicals, and other industrial applications.

Q: What makes Resins & Plastics Ltd different from other unlisted chemical companies?
Answer: The company is one of India's pioneer synthetic resin manufacturers, operates three manufacturing facilities, has a Government-recognized R&D center, and serves both domestic and export markets.

Q: What are the key growth drivers for Resins & Plastics Ltd?
Answer: Growth in construction chemicals, industrial coatings, adhesives, printing inks, exports, product innovation, and increasing demand for specialty resins are key growth drivers.

Q: What factors affect the valuation of Resins & Plastics shares?
Answer: Revenue growth, operating margins, profitability, raw material costs, manufacturing capacity, export performance, and demand from end-user industries are key valuation drivers.

Q: Are Resins & Plastics shares available in Demat form?
Answer: Yes. Shares purchased through WWIPL are transferred directly to the investor's Demat account.

Q: Can I sell my Resins & Plastics shares through WWIPL?
Answer: Yes. WWIPL facilitates both buying and selling of unlisted shares, subject to market demand and availability.

Q: What documents are required to buy Resins & Plastics shares through WWIPL?
Answer: Investors generally need PAN, Aadhaar, Client Master Report CMR, and bank account details to complete the transaction.

Q: What are the risks of investing in Resins & Plastics shares?
Answer: Investors should consider raw material price volatility, demand fluctuations, competitive pressures, industry cyclicality, and liquidity constraints associated with unlisted shares.

Q: How does WWIPL help investors track Resins & Plastics investments?
Answer: WWIPL provides company updates, transaction assistance, market insights, and ongoing investment support to help investors stay informed.

Q: How long does it take for Resins & Plastics shares purchased through WWIPL to be credited to a Demat account?
Answer: Shares are generally transferred to the investor's Demat account after successful completion and verification of the transaction.

Q: What should investors evaluate before investing in Resins & Plastics Ltd?
Answer: Investors should assess the company's financial performance, product portfolio, manufacturing capabilities, profitability, valuation, and long-term growth prospects.

Q: Can Resins & Plastics Ltd benefit from India's growing specialty chemicals industry?
Answer: Yes. Rising demand from construction, coatings, adhesives, printing inks, and industrial manufacturing sectors is expected to support the company's long-term growth.