Plastiblends India Limited is India's largest manufacturer and exporter of colour, white, black and additive masterbatches and thermoplastic compounds, serving the plastic and fibre processing industries. As a part of the Kolsite group of companies, Plastiblends has established a strong presence in the specialty chemicals sector since its incorporation. The company was founded and promoted by the Kolsite Group in January 1991 and has accumulated over three decades of industry experience. Headquartered in Mumbai, India, Plastiblends operates state-of-the-art manufacturing facilities in Daman, Roorkee, and Palsana, boasting a total annual manufacturing capacity exceeding 130,000 MT.
Plastiblends India Limited demonstrates a commitment to operational excellence and quality, holding multiple prestigious certifications. These include ISO14001:2015 for environmental management, OHSAS 18001:2007 for occupational health and safety, and ISO 9001:2015 for quality management systems. The company's dedication to innovation is further underscored by its Research & Development facility, which is recognized by the Department of Scientific & Industrial Research (DSIR) - Government of India, as an "In-house R&D Unit". For seamless integration and real-time information management, Plastiblends has implemented SAP R/3, a robust technological infrastructure that supports efficient production processes and maintains consistent quality standards across its manufacturing sites.
The company offers a comprehensive range of masterbatches and compounds for various plastic applications. Plastiblends produces masterbatches for Polyolefins such as BOPP, PET, PBT, ABS, HIPS, EVA, and has also ventured into Engineering Plastics Compounds, developing specific grades for the automobile and electrical & electronics sectors. Its extensive product portfolio includes Black Masterbatches, Color Masterbatches, Additive Masterbatches, Filler Masterbatches, PET Masterbatches, Conductive Compounds, and engineering polymers. The Color masterbatches segment alone features over 2500 standard shades, compatible with a wide array of polymers including PE, PP, PET, PBT, HIPS, ABS, EVA, and Nylon. These products are crucial components in industries such as Flexible Packaging, Agriculture, Irrigation, Piping, Infrastructure, Consumer Durables, appliances, textiles, automotive, and gas transportation.
Plastiblends is an internationally recognized brand with a significant global footprint, supplying products to markets across Europe, Africa, North America, South America, and Asia. The company has secured approvals from numerous OEM and tier-1 manufacturers, with many more in the pipeline. On the domestic front, Plastiblends shares are listed on both the Bombay Stock Exchange (BSE: 523648) and the National Stock Exchange (NSE: PLASTIBLEN), India's premier stock exchanges. The company's growth and achievements have been recognized with awards such as the Gold Trophy for "Fastest Growing Enterprises" in processing commodity polymers for 2009-2011 by PLASTINDIA Foundation.
As of July 8, 2025, Plastiblends India Ltd has a market capitalization of ₹559.29 Crore. For the full financial year 2025, the company reported a net profit of ₹33.44 crore, a slight decline of 3.16% from ₹34.53 crore in the previous year. Sales for FY2025 were ₹780.45 crore, down 2.71% from ₹802.16 crore in FY24.
Recent quarterly performance also indicates some challenges. For the quarter ended June 30, 2025 (Q1 FY26), net profit stood at ₹8.92 crore, a decrease of 17.71% compared to ₹10.84 crore in Q1 FY25. Revenue from operations for the same quarter fell by 5.65% year-on-year to ₹199.62 crore, from ₹211.57 crore in Q1 FY25.
Key financial highlights include:
- Operating revenue of ₹780.45 Cr. on a trailing 12-month basis.
- Return on equity of 7.56% over the last 3 years.
- P/E ratio of 16.73.
- P/B ratio of 1.31.
- The company maintains a strong balance sheet with minimal debt, positioning it as almost debt-free.
Promoter holding in the company remains robust at 63.07% as of March 2025, reflecting strong stakeholder confidence. Plastiblends has consistently maintained a healthy dividend payout ratio of 30.0%. The Key Managerial Personnel (KMP) include Anand Mundra as Chief Financial Officer (CFO) and Himanshu Mhatre as Company Secretary.
As of July 8, 2025, the company employs 479 individuals. Plastiblends operates with a clear mission to enhance stakeholder value through quality-driven practices, innovative technologies, and a strong commitment to human resources.
Plastiblends India Limited continues to solidify its leadership in the Indian masterbatch industry while actively expanding its global reach. The company is also strategically diversifying into high-value engineering plastic compounds to meet the evolving demands of the plastic processing industry.
