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On 6 Nov 2026, Manika Plastech was priced at ₹48.38, or 25.2× trailing earnings, against an industry P/E of 18.1×, and the shares are 21% below their 52-week high. Sales and net profit grew 3.2% and 26% a year over 3 years; its ROCE of 22% is the second-highest among the 7 largest Packaging & Containers peers. Debt is 0.33× equity. It is a small-cap company with a market cap of ₹812 Cr, ranked 22nd of 83 Packaging & Containers companies by market cap; the shares rose 12% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹48.80
Day high
₹49.39
Day low
₹47.31
Prev. close
₹48.02
Volume
2.6 L

Health check

2 good · 3 fair · 1 to check
  • ReturnsIn line

    +12.1% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 25.2 vs industry 18.1.

  • GrowthSteady

    Sales +3.2%, profit +25.5% a year over 3 years.

  • ProfitabilityStrong

    ROCE 22.2% vs peer median 16.7%.

  • Balance sheetFair

    Debt 0.33× equity, interest covered 3.8×, Piotroski 9 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Packaging & Containers

82 listed peers. Screen the industry

Small cap

₹812 Cr, #22 of 83 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹518 Cr · profit ₹32 Cr
Market cap
₹812 Cr
Small cap
P/E
25.2
Industry 18.1
Price to book
1.92
Peers 2.06
Dividend yield
0.00%
ROE
16.4%
Peers 14.4%
ROCE
22.2%
Peers 16.7%
Debt to equity
0.33
Debt ₹81 Cr
EPS (TTM)
₹1.92
Face value ₹2
OPM (TTM)
11.0%
Net margin 6.2%
Sales growth
+41.5%
Latest quarter vs a year ago
Profit growth
+88.7%
Latest quarter vs a year ago
Price to sales
1.57
EV/EBITDA 7.0

Strengths and risks

Strengths

  • Return on capital employed of 22.2%.
  • Quarterly profit up 88.7% on a year ago.
  • Quarterly sales up 41.5% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Manika Plastech

Manika Plastech Limited manufactures and sell polymer packaging products in India. The company offers precision battery casings, injection moulded plastic pail buckets, thinwall containers, water bottles, and detergent containers. It also provides painting services for plastic automotive components. The company's products are used in various industries applications, such as automotive, energy storage, railways, telecommunications, power back-up, paints,…

Headquarters
Mumbai
Sector
Consumer Cyclical
ISIN
INE0KWF01020
Website
manikaplastech.com

Price range

52 weeks

₹39.71₹61.25

Today

₹47.31₹49.39
Avg volume (3M)
21 L
1-year return
plus 12.1%
From 52-week high
minus 21.0%

Peers · Packaging & Containers

Compare with peersScreen the whole industry
Company
TIMETECHNOTime Technoplast170.65minus 1.98%8,42415.92.0615.3%13.4%10.3%12.5%28.9%0.86%minus 17.5%
EPLEPL221.31minus 3.61%7,10118.12.2616.7%14.9%19.8%8.5%19.7%2.26%plus 13.4%
AGIAGI Greenpac645.55minus 3.31%4,17711.81.6518.2%14.9%22.0%5.5%10.4%1.08%minus 18.3%
UFLEXUFLEX575.30minus 2.13%4,1546.10.517.5%4.1%14.0%1.4%−12.9%0.52%plus 9.1%
TCPLPACKTCPL Packaging4,431.10minus 2.80%4,02434.95.6118.3%14.4%12.8%7.3%−4.2%0.55%plus 37.9%
JINDALPOLYJindal Poly Films697.50minus 0.11%3,054–1.00−18.2%−29.9%−36.5%−15.6%–0.00%plus 25.0%
KNACKKnack Packaging199.71plus 1.42%2,44421.63.3438.3%35.5%17.8%16.6%67.1%0.00%plus 9.1%
MANIKAManika Plastech48.38plus 0.75%56425.21.9222.2%16.4%13.0%3.2%25.5%0.00%plus 12.1%
Median of 7 peers–−2.13%4,15417.02.0616.7%14.4%14.0%7.3%15.0%0.55%9.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 26
111162
98.6137
12.224.7
11.0%15.2%
0.3−1.4
0.12.1
3.13.6
−0.5−0
8.917.6
14.0%25.5%
7.613.1
–1.12

Jun 25, Sep 25, Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.2%
Profit CAGR 3Y
+25.5%
ROE
16.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
396360406436
–minus 9.0%+12.6%+7.3%
360323352377
35.637.153.758.4
9.0%10.3%13.2%13.4%
0.9−2.1−2.1−2.8
7.35.610.511
12.71312.413.9
−0.4−0.1−3.3−0.2
1616.425.430.4
29.3%29.5%24.0%26.4%
11.311.519.322.4
–+1.9%+67.6%+15.9%
0.970.991.66–

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19191919
79.389106129
66.910010797
52.744.888.679.1
218253321324
102143158166
13.917.75.39.9
–000
0.43.23.64.3
10189154144
218253321324

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
37.935.436.944.3
−21.3−53.3−23.1−18.7
−16.817.8−13−26.4
−0.2−0.10.8−0.8
−21.5−54−23.5−19
16.4−18.613.425.4
−2.9−1.9−2.1–

Shareholding pattern

Source: NSE filings
75.0%
promoters
  • Promoters74.95%
  • Public25.05%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.95%25.05%0.00
18 Sep 202674.95%25.05%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you