Company Overview

SMVD Poly Pack Limited is an India-based manufacturer and exporter of flexible intermediate bulk container (FIBC) packaging solutions. Incorporated in 2010, SMVD Polypack Ltd manufactures Plastic Products and has established itself as a specialized packaging company serving diverse industrial sectors.

SMVD Poly Pack Limited was originally incorporated as a private limited company on January 28, 2010, in the name and style of `SMVD Poly Pack Private Limited`. Subsequently, the Company was converted into a public company and the name of the Company was changed to `SMVD Poly Pack Limited` on August 22, 2017.

Business Operations and Products

The Company operates through two segments: Plastic product and Water Coconut. The company's primary focus lies in manufacturing comprehensive packaging solutions for various industrial applications.

The Company's products include FIBC jumbo bags, polypropylene (PP)/ high-density polyethylene (HDPE) woven sacks, biaxially oriented polypropylene (BOPP) bags and leno bags. The detailed product portfolio encompasses several specialized packaging solutions designed for different industrial requirements.

- FIBC Jumbo/ Bulk bags: Baffle bags, Circular bags, Type-C Groundable bags, 4-panel bags, Type-D Anti-static bags, U-Panel bags, etc. These bags are engineered for heavy-duty industrial applications and bulk material handling.

- PP/HDPE woven sacks: PP (Polypropylene) woven bags or woven PP bags are plastic woven bags primarily made of polypropylene and are used for material packing for fertilizer, cement, sand, food grains, sugar, cattle feed, demonstrating the versatility of their product range across agricultural and industrial sectors.

- BOPP bags: Feature multicoloured coating of BOPP printed films on PP fabric.

- Leno Bags: Mainly used for bulk vegetable packing.

Manufacturing Infrastructure and Capacity

The Company started its Operations with an initial capacity of 1200 MT per annum and at present has the installed capacity of 4420 MT per annum. This significant capacity expansion reflects the company's growth trajectory and ability to scale operations to meet increasing market demand.

The manufacturing facility of the Company is situated at a prime location in Parganas District of West Bengal, which is close to and well-connected with Kolkata Port and Airport, and Haldia Port. This strategic location provides the company with excellent connectivity for both raw material procurement and finished goods distribution, particularly for export operations.

Market Presence and Customer Base

The Company serves both business-to-business (B2B) and business-to-customers (B2C) sectors. The Company offers its products across various sectors, including fertilizer plants, cement plants, chemical industries, flour mills, ceramic industries, steel industries, plastic compounds, rice plants, poultry farms, and more.

Its customer segments include fertilizer plants, Food Corporation of India, Mining & Chemical industries, flour mills, ceramic industries, Steel Industries, Plastic compounds, Rice Plants, Poultry Farms, etc. The diverse customer base demonstrates the company's ability to cater to multiple industrial verticals and reduce dependency on any single sector.

Financial Performance and Market Position

SMVD Poly Pack Ltd has a market capitalisation of ₹14 Cr as on 03-Dec-2024. As per Value Research classification, it is a Small Cap company. The company's small-cap status reflects its position as a growing enterprise in the packaging industry.

Key Financial Metrics:

- Market Capitalization: ₹14 Cr (as of 03-Dec-2024)

- Total Asset Value: ₹10 Cr (as of 31-Mar-24)

- TTM Profit After Tax: ₹-54 Cr (Note: This indicates a loss, not profit)

- Return (Last 3 Years): 12.24%

- Promoter Holding: 65.53% (as of Mar 2024)

Operational Improvements and Corporate Governance

The company has shown positive operational developments in recent periods. The company has reduced debt. Debtor days have improved from 51.7 to 19.0 days. This improvement in working capital management indicates enhanced operational efficiency and better cash flow management.

Promoter holding in SMVD Poly Pack Ltd has gone up to 65.53 per cent as of Mar 2024 from 65.53 per cent as of Dec 2022. The stable promoter holding demonstrates management confidence and commitment to the business.

- Chairman: Pramod Kumar Agarwal

- Managing Director: Pramod Kumar Agarwal

- Promoter Equity Pledged: 30% of total equity as on Sep-24

The company operates from its registered office at 16 Strand Road Suite No 804B, Diamond Heritage 8th Floor, Kolkata, West Bengal-700001, maintaining its strong connection to the eastern Indian industrial hub. With its strategic location, diversified product portfolio, and established customer relationships across multiple industries, SMVD Poly Pack Ltd continues to position itself as a reliable partner in the flexible packaging solutions market.