Polymac Thermoformers Limited

BSE: POLYMAC · Plastic Products - Industrial

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Snapshot

Unlock Polymac Thermoformers Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Polymac Thermoformers Limited is a Kolkata-based manufacturer specialising in disposable plastic containers and food packaging solutions. The company utilises thermoforming and vacuum forming technologies to supply cups, trays, and meal containers to the food service and retail sectors.

Business Model

The company generates revenue through the high-volume production and distribution of plastic packaging products tailored to client specifications. It operates a manufacturing facility in West Bengal, serving local food vendors and event organisers across Eastern India.

Growth Outlook

Growth is driven by the increasing demand for cost-effective, disposable food packaging solutions within the regional food service and catering industries. The company focuses on maintaining a robust distribution network to support its market position in Eastern India.

Key Risks

  • Regulatory Risk. Increasing government regulations and bans on single-use plastics could significantly impact the company's product portfolio and operational viability.
  • Raw Material Volatility. Fluctuations in the prices of plastic resins and petroleum-based raw materials directly affect production costs and profit margins.
  • Geographic Concentration. The company's heavy reliance on the Eastern Indian market exposes it to regional economic downturns or localised supply chain disruptions.
  • Competitive Pressure. The packaging sector is highly fragmented, leading to intense price competition from both organised players and unorganised local manufacturers.

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Peers · Plastic Products - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Polymac Thermoformers LimitedPOLYMAC
₹5 Cr1.2%-45.3%
Dhabriya Polywood LimitedDHABRIYA
₹598 Cr19.8311.9114.4%21.2%28.1%34.1%+43.8%
Shish IndustriesSHISHIND
₹438 Cr54.6826.8215.6%13.3%6.3%8.8%+37.8%
Captain PolyplasCPL
₹384 Cr13.6810.2045.5%11.1%16.3%24.0%-5.7%
Candour TechtexCANDOUR
₹157 Cr42.5915.74-69.1%18.9%4.5%6.7%-11.9%
Jain Irrigation Systems LimitedJISLDVREQS
₹41 Cr15.164.819.9%12.7%0.1%6.8%-32.0%

As of Mar 2026

Financials