Rajshree Polypack Limited – Investor Presentation Summary

Key Operational Highlights

  • Revenue from Operations reached ₹102.91 crore in Q1 FY27, highest-ever quarterly revenue
  • Injection moulding capacity increased 5.8x from 1,000 MT in FY23 to 5,800 MT in Q1 FY27
  • Production increased by 52.00% YoY in injection moulding segment
  • Annual Capacity Utilization: Extrusion/Thermoforming at 81.64%, Injection Moulding at 53.47%
  • Key drivers: Product mix optimization, operational efficiencies, capacity expansion, and new customer additions

Segment-wise Performance

  • Packaging Product Sales: Primary revenue driver (specific figures not broken down by segment)
  • Sheet Sales: Contributed to revenue mix
  • Injection Moulding: Emerging as significant growth segment with 5.8x capacity expansion
  • Export revenue increased by 30.10% YoY in FY26 despite geopolitical disruptions

Financial Highlights

Revenue: ₹102.91 crore (Q1 FY27)

EBITDA: ₹16.52 crore

PAT: ₹7.25 crore

EPS: ₹0.98

Margins: EBITDA Margin 16.05%, PAT Margin 7.04%

YoY comparison: Revenue growth 24.71%, PAT growth 76.83%

QoQ comparison: Revenue growth 12.32% from Q4 FY26 (₹91.62 crore), PAT growth 13.64% from Q4 FY26 (₹6.38 crore)

Drivers of financial performance: Improved product mix, operational efficiencies, strong capacity utilization

FY26 Full Year: Revenue ₹332.18 crore, PAT ₹17.22 crore, EBITDA ₹50.97 crore

Geographical Revenue Split

Domestic vs Export Revenue:

  • Domestic Revenue: Majority share (specific percentage not provided for Q1 FY27)
  • Export Revenue: 21.10% of total revenue in FY26
  • Export Revenue CAGR FY23-FY26: 73.40%
  • YoY Export Revenue Growth for FY26: 30.10%

Balance Sheet Snapshot

  • CRISIL BBB+/Stable Long-Term Credit Rating
  • Financial Health: Strong execution capabilities, profitable growth trajectory

Capex & Cash Flow Health

  • Capital Expenditure: Ongoing investments in capacity expansion and value-added products
  • Group captive wind-solar arrangement of approximately 1.9 MW expected operational by October 2026
  • Expected to meet nearly 30% of energy requirements through renewable sources
  • Expected annual savings: approximately ₹1.75 crore

Strategic & R&D Initiatives

  • First in India to introduce 11-layer rigid PP/EVOH & PS/EVOH barrier packaging for MAP and retort applications
  • Integrated capabilities across extrusion, thermoforming, printing, sleeving and injection moulding
  • Three manufacturing facilities in Western India (Daman-Valsad industrial corridor)
  • Exclusive Toll Manufacturing Agreement for injection moulding food packaging containers
  • Focus on sustainable packaging solutions including biodegradable plastics, lightweight materials, recyclable mono material

Industry Trends & Business Environment

  • India's packaging industry expected to reach US$92 billion by FY30 (5th largest sector of Indian economy)
  • Increasing demand from packaged food, dairy, quick service restaurants and organised retail
  • Sustainability, premiumisation and convenience packaging driving industry growth

Management Commentary & Growth Outlook

Strategic Outlook: "Focus remains on building a diversified and future-ready packaging business. We continue to strengthen our integrated manufacturing capabilities, expand our product portfolio and deepen our presence across domestic and export markets."

Growth Drivers: Continued scale-up of injection moulding business, new product development, expanding customer applications

Confidence: "Supported by our integrated platform, diversified product portfolio and disciplined execution, we remain confident of delivering sustainable long-term value"

Olive Ecopak Subsidiary Performance

FY26 Performance:

  • Revenue: ₹52.67 crore
  • EBITDA: ₹2.20 crore
  • EBITDA Margin: 4.18%
  • PAT: (₹18.89) crore

Q1 FY27 Performance:

  • Revenue: ₹17.22 crore (120.49% YoY growth)
  • EBITDA: ₹4.61 crore (improved from negative ₹1.79 crore in Q1 FY26)
  • PAT: (₹1.74) crore (improved from negative ₹6.49 crore in Q1 FY26)

Business Highlights:

  • 150+ SKUs commercially launched across paper-based food packaging
  • India's first vertically integrated facility for eco-friendly, paper-based tableware
  • 27,000 MTPA coating capacity, 15,000 MTPA finished goods capacity
  • BRC certified for quality, safety and regulatory compliance
  • CIPET certified compostable products

ESG Commitments

Environment: 100% recyclable rigid plastic packaging, energy-efficient machinery, expanding portfolio of recyclable/biodegradable/compostable solutions, renewable energy initiative

Social: ₹29.26 lakh invested in CSR initiatives during FY26, employee development programs, workplace health and safety commitment

Governance: 50% Independent Board (3 of 6 directors), Board expertise across 8 key competency areas, comprehensive committee structure