MANIKAIndustrials

Manika Plastech Limited

Plastic Products - Industrial · ISIN INE0KWF01020 · BSE 544929 · NSE EQ · FV ₹2
Last price
₹49
-2.56%today
What this company does

Manika Plastech Limited operates in Plastic Products - Industrial, part of the Industrials sector. It booked ₹151 cr of revenue in its latest quarter (Q2 FY27) and kept 6.5% of sales as profit.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 75%
✓ No promoter shares pledged
✓ Strong 16% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 6.5% net margin

What if I invest in MANIKA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹49▼ -2.56%
latest close · 2026-11-04
52-wk low ₹4031 sessions so far52-wk high ₹61
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.3Low
LowAverageHigh
P/B ratio2.30Moderate
Below bookModerateHigh
EV / EBITDA7.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.9%Strong
WeakFairStrong ▸15%
Return on capital23.8%Strong
WeakFairStrong
Net margin6.5%Decent
ThinDecentStrong
EBITDA margin13.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.30Comfortable
LowModerateHigh ▸1
Interest cover4.8×Okay
RiskyOkayStrong ▸5×
Current ratio1.76Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹571 cr
Book value
₹21
EPS
₹1.00
latest quarter
Net debt
₹28 cr
owes more than its cash
Enterprise value
₹600 cr
EBITDA
₹82 cr
annualised
EBIT
₹67 cr
annualised
Operating margin
11.0%
Return on assets
9.9%
Earnings yield
8.16%
P/S
0.94
Sales / share
₹52.0
Tax rate
25.5%
Face value
₹2
Shares
11.7 cr
Working capital
₹90 cr
Current assets
₹209 cr
Current liabilities
₹119 cr
Delivery %
43.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
We haven't parsed this company's annual profit history yet — common for banks and insurers, whose results file in a different format — so we can't value it off earnings.
Models span ₹25–₹25, midpoint ₹25

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹151 cr
Other Income₹22.9 L
Total Income₹152 cr
Cost of Materials₹91 cr
Purchases of Stock-in-Trade₹17 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹7 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹17 cr
Total Expenses₹138 cr
Profit before Tax₹13 cr
Tax Expense₹3 cr
Net Profit₹10 cr
Net margin on total income6.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹107 cr70.3%
Employee benefit expense₹7 cr4.8%
Finance costs₹3 cr2.3%
Depreciation & amortisation₹4 cr2.5%
Other expenses₹17 cr11.4%
Tax expense₹3 cr2.2%
Profit for the period₹10 cr6.5%
Total income ₹152 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹400 cr
Shareholder equity
₹248 cr
parent shareholders
Total debt
₹74 cr
Cash
₹45 cr
Cash flow · H1 FY27
Operating
₹5 cr
Investing
₹-15 cr
Financing
₹55 cr
Peer comparison
Plastic Products - Industrial · by market value
CompanyPriceMarket capP/E
Supreme Industries Limited₹3,300₹41,927 cr39.9
Astral Limited₹1,388₹37,343 cr77.6
Garware Hi-Tech Films Limited₹7,396₹17,180 cr33.2
Kingfa Science & Technology (India) Limited₹6,737₹9,130 cr28.5
Finolex Industries Limited₹138₹8,534 cr18.6
Time Technoplast Limited₹167₹8,218 cr17.7
Prince Pipes And Fittings Limited₹276₹3,050 cr16.0
Apollo Pipes Limited₹513₹2,261 cr—
Jain Irrigation Systems Limited₹28₹2,087 cr—
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
75.0%
FII / Foreign
1.5%
DII / Domestic
10.0%
Retail / others
13.6%
Smart-money activity
Bulk / block deals
BoughtEQUISM CAPITAL PRIVATE LIMITED · NSE7.00 L @ ₹51.4513 Oct 26
BoughtSAROJDEVI S KABRA · NSE31.48 L @ ₹56.097 Oct 26
SoldSAROJDEVI S KABRA · NSE31.48 L @ ₹55.157 Oct 26
Stake changes
BoughtBharat Value Fund - Series III→ 5.27% · 18.60 L21 Sep 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 36 named members
owning 74.9% between them · as of 2026-09-30
VRIDAA Holding Trust72.50%
Nikunj Mohanlal Kapadia0.61%
Mihir Nikunj Kapadia0.41%
Munjal Nikunj Kapadia0.41%
Pratik Nikunj Kapadia0.41%
Neha Munjal Kapadia0.20%
Reena Pratik Kapadia0.20%
Vaishali Mihir Kapadia0.20%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹93 cr raised in Sep 2026 by selling shares to the public

The company has not broken this money down into purposes in its filing for Sep 2026, so there is nothing to measure it against yet. Brickwork Ratings India Private Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.