Manika Plastech Limited
NSE: MANIKA · Plastic Products - Industrial
Snapshot
Unlock Manika Plastech Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Manika Plastech Limited is a design-led, precision-engineered rigid polymer packaging manufacturer catering to diverse sectors such as energy storage, dairy, paints, and automotive. The company specializes in injection-moulded solutions including battery casings, pails, and thinwall containers, alongside operating an in-house painting facility.
Vertical mix
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Geography mix
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Business Model
The company generates revenue by manufacturing and supplying custom-designed injection-moulded polymer packaging solutions and automotive component painting services to major industrial clients across India. It operates through seven facilities strategically positioned to serve diversified critical industries.
- Manufacturing Units:6
- Painting Facilities:1
- Registered Designs:30
- FY2026 Revenue from Operations:4,359.82 million rupees
Management Commentary
Management emphasizes the company's in-house design and development capabilities, supported by 30 registered designs under the Designs Act, 2000, to serve prominent industrial clients. Operations are scaled across seven facilities to cater to critical end-use markets like energy storage and paints.
Growth Outlook
Growth is underpinned by rising demand from key verticals such as energy storage, automotive, and consumer goods, supported by long-standing relationships with prominent clients like Luminous Power Technologies and Kansai Nerolac Paints. The company continues to leverage its in-house design capabilities and nationwide manufacturing footprint to capture market share.
Key Risks
- Raw Material Price Volatility. Fluctuations in polymer and crude oil prices can directly impact manufacturing margins if cost increases cannot be fully passed on to customers.
- Customer Concentration. A significant portion of revenue relies on key sectors like energy storage and prominent clients, making the business vulnerable to changes in their procurement strategies.
- Cyclicality in End-User Industries. Demand for industrial packaging and automotive components is tied to the performance of sectors such as automotive, paints, and consumer goods.
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Peers · Plastic Products - Industrial
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Manika Plastech LimitedMANIKA | ₹496 Cr | — | — | — | 13.0% | — | — | — |
Prakash PipesPPL | ₹651 Cr | 11.8× | 7.72 | 6.1% | 10.2% | 10.7% | 14.7% | -20.1% |
Shish IndustriesSHISHIND | ₹549 Cr | 160.8× | 44.27 | 8.3% | 9.7% | 2.4% | 4.2% | +37.0% |
Dhabriya Polywood LimitedDHABRIYA | ₹535 Cr | 15.5× | 10.18 | 13.5% | 22.0% | 28.3% | 34.4% | +11.0% |
Captain PolyplasCPL | ₹376 Cr | 13.2× | 9.59 | 47.0% | 11.3% | 16.5% | 25.1% | -2.6% |
Candour TechtexCANDOUR | ₹173 Cr | -105.3× | 35.35 | -82.4% | 17.5% | -1.5% | 1.2% | -24.7% |
As of Mar 2026
Financials
Manika Plastech Limited
NSE: MANIKA · Plastic Products - Industrial
Snapshot
Unlock Manika Plastech Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Manika Plastech Limited is a design-led, precision-engineered rigid polymer packaging manufacturer catering to diverse sectors such as energy storage, dairy, paints, and automotive. The company specializes in injection-moulded solutions including battery casings, pails, and thinwall containers, alongside operating an in-house painting facility.
Vertical mix
- NaN%
- NaN%
Geography mix
- NaN%
Business Model
The company generates revenue by manufacturing and supplying custom-designed injection-moulded polymer packaging solutions and automotive component painting services to major industrial clients across India. It operates through seven facilities strategically positioned to serve diversified critical industries.
- Manufacturing Units:6
- Painting Facilities:1
- Registered Designs:30
- FY2026 Revenue from Operations:4,359.82 million rupees
Management Commentary
Management emphasizes the company's in-house design and development capabilities, supported by 30 registered designs under the Designs Act, 2000, to serve prominent industrial clients. Operations are scaled across seven facilities to cater to critical end-use markets like energy storage and paints.
Growth Outlook
Growth is underpinned by rising demand from key verticals such as energy storage, automotive, and consumer goods, supported by long-standing relationships with prominent clients like Luminous Power Technologies and Kansai Nerolac Paints. The company continues to leverage its in-house design capabilities and nationwide manufacturing footprint to capture market share.
Key Risks
- Raw Material Price Volatility. Fluctuations in polymer and crude oil prices can directly impact manufacturing margins if cost increases cannot be fully passed on to customers.
- Customer Concentration. A significant portion of revenue relies on key sectors like energy storage and prominent clients, making the business vulnerable to changes in their procurement strategies.
- Cyclicality in End-User Industries. Demand for industrial packaging and automotive components is tied to the performance of sectors such as automotive, paints, and consumer goods.
Start your research today
Unlock AI insights, financials, peers and live data on Manika Plastech Limited and 5,000+ companies — free.
Peers · Plastic Products - Industrial
As of Mar 2026