Financial Performance Overview
All Time Plastics Limited reported consolidated FY26 revenue of ₹61,042.47 lakhs (₹610.4 crores) with net profit of ₹3,559.78 lakhs (₹35.6 crores), showing growth from the previous year. The company successfully completed its IPO on August 14, 2025, raising ₹32,914.60 lakhs net proceeds at an issue price of ₹275 per share, with the majority utilized for debt repayment and capital expenditure.
Capital Structure and Debt Reduction
Post-IPO, the company significantly reduced its borrowings from ₹21,851.15 lakhs to ₹8,030.89 lakhs, improving the debt-equity ratio to 0.13 from 0.88. The equity share capital was restructured through a share split (from ₹10 to ₹2 face value) and bonus issue (9:1 ratio), resulting in 6,55,07,778 shares outstanding. Unutilized IPO proceeds of ₹9,039.90 lakhs were temporarily invested in fixed deposits.
Operational and Exceptional Items
The company recorded an exceptional item of ₹437.28 lakhs for the incremental impact of new labor codes (Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety Code) effective November 2025. Revenue was primarily driven by product sales (₹60,554.23 lakhs), with two major customers contributing 64.6% of total revenue.
Annual Report Corrigendum
The company issued a corrigendum to its FY26 Annual Report on September 9, 2026, correcting nine typographical and disclosure errors. Corrections included revising face value per equity share from ₹10 to ₹2, updating subsidiary liabilities for All Time Bamboo Private Limited to ₹512.38 lakhs, and disclosing consultancy fees of ₹1,05,000 paid to Independent Director Lakshmi Nadkarni. All corrections were clerical in nature with no material impact on financial statements.
Subsidiaries and Corporate Governance
The company has two subsidiaries: All Time Plastics Pte Limited (Singapore, 51% ownership) and All Time Bamboo Private Limited (wholly-owned). Key management includes Kailesh Punamchand Shah as Chairman & Managing Director, with Bhupesh and Nilesh Shah as Whole Time Directors. The board composition includes three independent directors appointed in September 2024.
Regulatory Compliance and Audit
Walker Chandiok & Co LLP provided a clean audit opinion with no material weaknesses in internal financial controls. The company maintained compliance with SEBI LODR regulations and disclosed all required information under Regulations 34(3) and 53(f). Financial ratios showed significant improvements in current ratio (3.60 from 1.03) despite a decrease in return on equity to 8.26% from 20.99% due to the increased equity base.