Atharva Polyplast manufactures precision plastic components, serving key industries like furniture, home appliances, and automotive. its main focus is on injection moulding using materials such as polypropylene (PP), ABS, HDPE, and engineering polymers.
The company works with OEMs and Tier-1 suppliers in India, offering both B2B manufacturing and co-development support — from mould design and prototyping to final production and quality checks. It also assemble products using fasteners, hinges, and foam parts as per customer requirements.
Its manufacturing facility spans across 2,34,614 sq. ft., with 40,000 sq. ft. of production space. It houses over 17 moulding machines (100T to 1000T), helps to serve diverse industries, including furniture, home appliances, automobile, etc
The company also has an in-house quality control team and its quality management system is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
Competitive strengths
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.54 | 30.88 | 32.66 | 32.92 |
| Total Income | 43.90 | 49.06 | 43.09 | 46.82 |
| Profit After Tax | 4.73 | 5.29 | 2.00 | 0.71 |
| EBITDA | 8.36 | 9.19 | 6.05 | 4.77 |
| NET Worth | 17.73 | 13.01 | 7.72 | 5.72 |
| Reserves and Surplus | 5.38 | 6.51 | 1.22 | -0.78 |
| Total Borrowing | 10.04 | 7.91 | 13.59 | 16.16 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Manas Polymers & Energies Ltd. | SME | ₹23.52 Cr | ₹81 | 9.19 | ₹146.20 | +80.49% | ₹47.45 (-1.15%) |
| Vigor Plast India Ltd. | SME | ₹25.10 Cr | ₹81 | 12.35 | ₹85.70 | +5.80% | ₹104.30 (-1.88%) |
| B.D.Industries (Pune) Ltd. | SME | ₹45.36 Cr | ₹108 | 13.27 | ₹108.15 | +0.14% | ₹110.50 (-1.34%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure of our Company | 3.00 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by our Company | 3.00 |
| 3 | Funding working capital requirements of the Company | 13.00 |
| 4 | General Corporate Purpose |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 30.74% | 51.00% |
| ROCE | 24.92% | 35.31% |
| Debt/Equity | 0.57 | |
| RoNW | 26.65% | 40.63% |
| PAT Margin | 11.14% | 11.12% |
| EBITDA Margin | 19.71% | 19.32% |
| Price to Book Value | 5.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.28 | 3.37 |
| P/E (x) | 14.02 | 17.83 |
| IPO Date | 30 Jun to 2 Jul, 2026 |
| Listing Date | Tue, Jul 7, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 45,00,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,26,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 42,74,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 42,74,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,23,49,998 shares |
| Share Holding Post Issue | 1,68,49,998 shares |
Anujit Shivaji Darade, Shivaji Kisan Darade and Ashish Shivaji Darade are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.29% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
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