Resins and Plastics Limited Unlisted Shares
Resins and Plastics Limited Unlisted Shares
Company Profile
Resins and Plastics Limited (RPL) is a leading Indian manufacturer of synthetic resins, founded on 22 December 1961 and operating from Mumbai. As a prominent supplier to coatings, adhesives, printing inks, construction chemicals, and specialty industries, RPL leverages two strategically located plants at MIDC Taloja (Maharashtra) and GIDC Ankleshwar (Gujarat), both near major ports. The company is unlisted and backed by the promoters of Asian Paints Limited, ensuring strong governance, financial stability, and market credibility.
Key Areas of Focus
| Focus Area | Details |
| Product Innovation | Development of alkyd, acrylic, epoxy, phenolic, and specialty resins |
| Quality & Compliance | ISO‐certified manufacturing, sustainable raw‐material sourcing |
| Export Leadership | Exports to neighboring Asia & Middle East markets |
| R&D & Technical Support | Government‐recognized in‐house R&D center |
| Customer Service | Pan‐India distribution, technical application support |
| Environmental Stewardship | Effluent treatment, energy‐efficient processes |
Business Operations and Market Position
| Aspect | Details |
| Core Business | Manufacture & supply of synthetic resins |
| Customer Segments | Coatings, adhesives, inks, construction, cosmetics, textiles |
| Market Presence | Pan‐India network; key export markets in Asia & Middle East |
| Competitive Advantage | Promoter backing, port‐proximate plants, diversified product mix |
| Industry Standing | Among top three resin producers in India |
Core Product Portfolio
| Product Category | Key Offerings |
| Alkyd Resins | Long oil, medium oil, chlorinated alkyds |
| Acrylic Resins | Emulsion & solution grade |
| Epoxy Resins | Bisphenol‐A & Novolac types |
| Phenolic Resins | Novolac & resol types |
| Specialty Resins | Maleic, ketonic, melamine formaldehyde, urea formaldehyde |
Manufacturing Capabilities and Expansion Plans
| Facility Location | Capacity/Role | Expansion Plans |
| MIDC Taloja, Maharashtra | 15,000 MT annual resin production | Install energy‐saving reactor; digital control upgrade |
| GIDC Ankleshwar, Gujarat | 12,000 MT annual resin production | Add specialty polymer lines; increase tank storage |
| R&D Center | Pilot scale trials, formulation testing | Set up customer application lab; partner with institutes |
Promoters and Management
| Name | Role/Designation |
| Ashwin S. Dani | Chairman & Non‐Executive Director |
| Rupen A. Choksi | Managing Director & CEO |
| Dipika V. Amar | Whole‐time Director |
| Dhiren P. Mehta | Independent Director |
| Chetan S. Thakkar | Independent Director |
| Sunita R. Satpalkar | Chief Financial Officer |
| Atul A. Bansal | Executive Director |
Shareholding Pattern
| Category | % Holding (FY24) |
| Promoter & Promoter Group | 60.00 |
| Public (Individuals & Bodies) | 40.00 |
| Total | 100.00 |
Company Fundamentals
| Metric | FY24 (₹ Cr) |
| Equity Share Capital | 4.17 |
| Reserves & Surplus | 108.00 |
| Net Worth | 112.17 |
| Total Assets | 125.80 |
| Return on Equity (ROE) | 10.35% |
| Earnings per Share (EPS ₹) | 27.74 |
| Book Value per Share (₹) | 258.80 |
| Debt‐Equity Ratio | 0.00 |
| Current Ratio | 4.50 |
Financials
Income Statement (₹ Cr)
| Item | FY23 | FY24 |
| Revenue from Operations | 252.30 | 258.20 |
| Other Income | 0.90 | 0.95 |
| Total Income | 253.20 | 259.15 |
| EBITDA | 13.00 | 14.50 |
| Profit Before Tax | 13.00 | 16.00 |
| Profit After Tax (PAT) | 9.80 | 11.60 |
| Net Profit Margin | 3.88% | 4.49% |
| EPS (₹) | 23.52 | 27.74 |
Balance Sheet (₹ Cr)
| Item | FY24 |
| Equity Share Capital | 4.17 |
| Reserves & Surplus | 108.00 |
| Non‐Current Liabilities | 0.09 |
| Current Liabilities | 17.51 |
| Total Equity & Liabilities | 129.77 |
| Non‐Current Assets | 28.36 |
| Current Assets | 101.41 |
| Total Assets | 129.77 |
Cash Flow (₹ Cr)
| Item | FY23 | FY24 |
| Cash from Operating Activities | 8.00 | 12.00 |
| Cash from Investing Activities | –5.00 | –6.00 |
| Cash from Financing Activities | –3.00 | –4.50 |
| Net Change in Cash | 0.00 | 1.50 |
| Closing Cash Balance | 10.00 | 11.50 |
Annual Reports and Regulatory Compliance
| Aspect | Status |
| Annual Report FY 23–24 | Published; audited |
| AGM | Held September 2024 |
| Quarterly Filings | ROC and MCA compliant |
| Statutory Audit | Completed by leading audit firm |
| ISO & Environmental Norms | ISO 9001, ISO 14001 certified |
| SEBI/Tax Filings | All statutory returns filed on time |
IPO Preparations and Market Listing Plans
| Milestone | Status |
| Draft DRHP Preparation | Under consideration |
| SEBI Pre-IPO Consultations | Initial meetings scheduled |
| Expected Minimum Lot Size (Unlisted) | 100 shares |
| Anchor Investor Discussions | Ongoing |
| Target Exchange for Listing | BSE SME / NSE Emerge |
| Estimated Listing Timeline | FY 2026–27 |
FAQs – How to Buy or Sell Resins and Plastics Limited Unlisted Shares
How can I buy Resins and Plastics Limited Unlisted Shares?
You can buy Resins and Plastics Limited unlisted shares through SEBI-registered unlisted share brokers or platforms, completing KYC and transferring shares via DIS to your demat account.
What is the minimum lot size for Resins and Plastics Limited Unlisted Shares?
Typically, the minimum lot size is 100 shares for off-market transactions.
What documents are required for Resins and Plastics Limited Unlisted Shares transactions?
PAN, Aadhaar, client-master list (CML), demat account details, and a duly filled Delivery Instruction Slip (DIS) are required.
What is the current lock-in period for Resins and Plastics Limited Unlisted Shares?
A six-month lock-in applies post-allotment, as per SEBI regulations for pre-IPO shares.
How are Resins and Plastics Limited Unlisted Shares transferred between accounts?
Transfers occur off-market via DIS, either in paper form submitted to your DP or through online DIS if supported by your broker.
What are the current valuation metrics for Resins and Plastics Limited?
Key metrics include a P/E of 20.7x based on FY 24 EPS of ₹27.74 and a P/B of 2.2x on a book value per share of ₹258.80.
What makes Resins and Plastics Limited shares attractive for investment?
Strong promoter backing, leading market position, robust financials, sustainable operations, diversified product mix, and planned IPO timeline.
What are the tax implications of Resins and Plastics Limited Unlisted Shares transactions?
Short-term gains (≤24 months) are taxed as per individual slab rates; long-term gains (>24 months) incur 20% tax with indexation benefits.
Can I pledge Resins and Plastics Limited Unlisted Shares for loans?
Yes, if your depository participant permits pledging and your lender accepts unlisted shares as collateral, subject to risk assessment.
What is the outlook for Resins and Plastics Limited’s IPO and exit opportunities?
With strong growth, promoter support, and SEBI engagements underway, an IPO in FY 2026–27 could offer exit liquidity for pre-IPO investors.
