Company Overview

Premium Plast Limited, founded in 1995, is a tier-1 supplier to commercial vehicle manufacturers, including Volvo Eicher Group. The company manufactures various injection and blow moulded plastic parts for a wide range of industries and applications. Premium Plast's automotive components include durable and aesthetic exterior and interior parts made from engineered plastics through injection and blow molding techniques, along with under-the-hood components like ducts, reservoirs, and tanks.

Premium Plast Ltd. is a Public Limited Listed company incorporated on 14/11/1995 with its registered office in Maharashtra, India, and Corporate Identification Number (CIN) U25209MH1995PLC094431. The company specializes in the manufacture of automotive parts and produces over 600 components across three state-of-the-art, strategically located facilities in India.

Manufacturing Facilities and Capacity

The company operates three strategically located manufacturing facilities, two of which are in Pithampur, Madhya Pradesh, and the third in Vasai, Maharashtra. The total installed capacity of these production facilities is 1,975 MTPA. A new sheet metal facility became operational from January 2025, expanding the company's manufacturing capabilities beyond plastic components.

Recent Listing and Market Capitalization

Premium Plast IPO bidding started from October 21, 2024, and ended on October 23, 2024. Allotment was finalized on October 24, 2024, with shares listed on NSE SME on October 28, 2024. The IPO was priced at ₹49 per share, comprising 53,46,000 equity shares of face value ₹10, aggregating up to ₹26.20 Crores. As per recent data, Premium Plast has a market capitalization of ₹68.8 Cr.

Financial Performance

FY25 Results:

For FY25, Premium Plast achieved revenue of Rs. 57.26 Cr, representing a growth of 22.6%, with a net profit of Rs. 6.45 Cr, showing a 35% increase. The company reported significant financial performance for FY25, highlighting a 22.57% increase in total income to Rs 57.25 Cr.

Historical Performance:

- FY24: Total Operating Revenue of Rs. 46.71 Cr with Equity Capital of Rs. 4.76 Cr for the year ended 31/03/2024.

- Growth Trajectory: Revenue increased by 6% and profit after tax (PAT) rose by 200% between FY2024 and FY2023.

- Q1 FY25: Revenue from operations was Rs 12.12 crore and net profit was Rs 1.41 crore for the period ended June 30, 2024.

Key Financial Metrics:

- Return Ratios: ROE of 39.0% and ROCE of 38.6%.

- Operational Efficiency: Debtor days have improved from 37.7 to 30.1 days.

- Employee Base: As of September 30, 2024, the company had 42 employees.

Business Profile and Market Position

Premium Plast engages in the design, manufacturing, and supply of exterior plastic components, interior cabin components, and under-the-hood components directly to commercial vehicle OEMs. The company manufactures a wide variety of injection and blow moulded plastic articles for a broad group of industries and applications. Premium Plast Ltd.'s top 5 peers in the Auto sector include Jainex Aamcol, Sibar Auto Parts, and Spectra Industri.

Shareholding Pattern

Promoter holding in Premium Plast Ltd has decreased to 68.73% as of March 2025 from 95.45% as of July 2024, indicating partial dilution following the public listing.

Recent Corporate Developments

As of June 2025, no deviation in IPO fund utilization was reported, with ₹2,619.54 lakhs proceeds utilized as per prospectus till March 2025. In June 2025, the exchange sought clarification from Premium Plast Limited for the quarter ended March 31, 2025, with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015.

Premium Plast Limited represents a specialized player in the automotive components manufacturing sector, with strong relationships with established OEMs and a track record of consistent growth. The company's expansion into sheet metal manufacturing and focus on operational efficiency positions it well for future growth in the commercial vehicle components market.