Resins and Plastic Unlisted Shares
Resins and Plastic Ltd.
INE422F01017
Incorporation Date: 22-Dec-1961
Listing Status: DRHP Not Filed
About Resins and Plastic Unlisted Shares
Overview of Resins and Plastic Unlisted Shares
Resins & Plastics Limited
Resins & Plastics Limited (RPL) is an Indian specialty chemical manufacturer with more than five decades of experience in the synthetic resins industry. Established in 1971, the company manufactures a broad range of resin systems used as key raw materials across surface coatings, adhesives, printing inks, construction chemicals, insulating varnishes, wire enamels, lamination, textiles and other industrial applications. RPL serves small, large and multinational customers through its manufacturing, R&D and pan-India distribution network.
🏢 Introduction & Infrastructure
Established: 1971, with its registered office in Mumbai, Maharashtra.
Manufacturing Facilities: Operates manufacturing facilities at Taloja, Maharashtra and Ankleshwar, Gujarat.
Strategic Locations: Its manufacturing units are located close to major ports, supporting domestic distribution and export operations.
R&D Infrastructure: Operates a dedicated R&D centre recognised by the Government of India, focused on resin development, formulation and application-specific solutions.
Manufacturing Capabilities: Facilities are equipped to manufacture multiple categories of synthetic resins and specialty formulations.
Distribution Network: Supported by company sales offices, branches and distributors across India.
Export Presence: Supplies synthetic resin products to international customers, particularly in neighbouring markets.
⚙️ Business Model & Operational Verticals
RPL operates primarily as a B2B specialty chemical manufacturer, supplying synthetic resins that serve as critical formulation inputs for downstream industrial products.
1. Synthetic Resins
Alkyd Resins
Acrylic Resins
Polyamide Resins
Phenolic Resins
Polyurethane Resins
Maleic Resins
Polyester Resins
Epoxy Resins
Ketonic Resins
Amino and other specialty resins
2. Coatings & Surface Applications
Supplies resin systems used in decorative and industrial coatings, paints, protective coatings and other surface-treatment applications.
3. Adhesives & Construction Chemicals
Provides resin solutions used in adhesive formulations and construction-chemical applications.
4. Printing & Packaging Applications
Manufactures resins used in printing inks, lamination and related packaging applications.
5. Industrial & Specialty Applications
Products are also used in insulating varnishes, wire enamels, textiles, foundries and other industrial applications, allowing RPL to serve multiple end-use industries.
👥 Management Structure
RPL is led by an experienced management team with backgrounds across chemical engineering, polymer science, business management and industrial operations.
Dhiren P. Mehta — Chairman
Rupen A. Choksi — Managing Director
Ashwin S. Dani — Director
Dipika A. Vakil — Director
Bharat B. Chovatia — Director
Chetan S. Thakkar — Director
Hemangi N. Modi — Director
📦 Key Product & Program Portfolio
| Product Category | Key Applications |
|---|---|
| Alkyd Resins | Decorative & industrial coatings, paints |
| Acrylic Resins | Coatings, inks and specialty applications |
| Polyamide Resins | Printing inks, coatings and adhesives |
| Phenolic Resins | Industrial coatings, adhesives and specialty applications |
| Polyurethane Resins | Coatings, adhesives and protective applications |
| Maleic Resins | Printing inks, coatings and adhesives |
| Polyester Resins | Coatings, laminates and industrial applications |
| Epoxy Resins | Coatings, adhesives and construction applications |
| Ketonic Resins | Printing inks, coatings and specialty formulations |
| Amino Resins | Coatings, adhesives and industrial applications |
🔬 Research & Technical Capabilities
Dedicated R&D infrastructure for synthetic resin development and formulation.
Development of application-specific resin systems based on customer requirements.
Technical support for customers in product selection, formulation and application.
Focus on improving product performance, consistency and suitability for different industrial applications.
Expertise spanning multiple resin chemistries and downstream applications.
🌐 Key Customers & Market Presence
RPL serves a broad B2B customer base, including small and large industrial customers as well as multinational companies.
Its products cater to industries such as:
Paints & Coatings
Printing Inks
Adhesives
Construction Chemicals
Insulating Varnishes
Wire Enamels
Lamination
Textiles
Foundries
Other Specialty Industrial Applications
The company has a pan-India sales and distribution network supported by its own sales offices and distributors, along with an established export presence.
⭐ Key Business Highlights
50+ years of experience in synthetic resin manufacturing.
Broad product portfolio covering multiple resin chemistries and industrial applications.
Diversified B2B customer base across coatings, adhesives, inks, construction chemicals and other industries.
Manufacturing presence across Maharashtra and Gujarat.
Dedicated R&D and technical-support capabilities.
Strategic proximity of manufacturing facilities to major ports supports domestic and export distribution.
Established pan-India sales and distribution network.
Ability to develop application-specific specialty resin solutions for industrial customers.
Insights of Resins and Plastic Unlisted Shares
Resins and Plastics Ltd. – Strategic Insights & Financial Overview
Executive Insights
Resins and Plastics Ltd. (RPL) is a highly established player in the Indian specialty chemicals and polymer sector, with over 55 years of expertise in manufacturing synthetic resins. Operating three manufacturing facilities across Maharashtra and Gujarat, the company caters to diverse industries, including coatings, adhesives, printing inks, and construction chemicals. The recent FY26 financial data highlights a massive operational turnaround, characterized by steady top-line growth and exponential margin expansion. This suggests a shift toward higher-value specialized resins or a significant optimization in raw material costs, positioning the company as an attractive, undervalued asset in the unlisted space.
Key Financials (FY25 – FY26)
The company has demonstrated an exceptional surge in profitability and margin expansion, reflecting strong operational leverage over the last year.
| Category (in ₹ Cr.) | FY25 | FY26 | YoY % Change |
| Net Revenue | 295.05 | 331.48 | +12.35% |
| EBITDA | 15.01 | 28.65 | +90.87% |
| Profit After Tax (PAT) | 11.61 | 21.37 | +84.07% |
| EBITDA Margin (%) | 5.09% | 8.64% | +355 bps |
| PAT Margin (%) | 3.93% | 6.45% | +252 bps |
Note: Financial figures are derived directly from the provided standalone statements in the reference image for FY25 and FY26. Margin expansion is calculated in basis points (bps).
Growth Trajectory & Margin Insights:
While the company achieved a healthy top-line revenue growth of 12.35% in FY26, the true highlight is its operational efficiency. EBITDA skyrocketed by nearly 91%, driving the EBITDA margin from 5.09% to 8.64%. Consequently, the bottom-line PAT surged by 84%, reflecting excellent cost absorption. Since operating costs (like raw materials) grew at a slower pace than revenue, the company successfully retained a much larger portion of its earnings.
Industry Overview & Headwinds
The company operates in a specialized, highly critical niche of the chemical manufacturing sector.
Macro Tailwinds: The Indian specialty chemicals and synthetic resin industry benefits from strong domestic consumption across end-user sectors like real estate (paints and coatings), automotive, and packaging (inks and adhesives).
Sustainability Focus: The industry is increasingly shifting toward sustainable manufacturing. RPL maintains a Zero Liquid Discharge (ZLD) plant in Taloja and focuses on eco-conscious innovations, providing a strong ESG moat.
Structural Risks: The primary headwinds include severe volatility in crude oil prices, which directly dictate the cost of petrochemical derivatives used as raw materials. Furthermore, adherence to stringent environmental regulations and maintaining compliance across highly industrialized zones pose ongoing operational challenges.
Financial Charts of Resins and Plastic Unlisted Shares
Balance Sheet of Resins and Plastic Unlisted Shares
Profit and Loss of Resins and Plastic Unlisted Shares
Ancillary of Resins and Plastic Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Resins and Plastic Unlisted Shares
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How to buy Resins and Plastic Ltd.?
Below are three ways through which you can purchase Resins and Plastic Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Resins and Plastic Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Resins and Plastic Ltd.?
Below are three ways through which you can sell Resins and Plastic Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Resins and Plastic Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Resins and Plastic Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Resins and Plastic Ltd. is ₹599 and your sell price for Resins and Plastic Ltd. is ₹525. The price is based on our estimates and market conditions.
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What is the lock-in period of Resins and Plastic Ltd.?
The lock-in period for Resins and Plastic Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Resins and Plastic Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Resins and Plastic Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Resins and Plastic Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Resins and Plastic Ltd.. The price is also determined from the most recent funding round for Resins and Plastic Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Resins and Plastic Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Resins and Plastic Ltd. with us kindly click here.
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What are the financials of Resins and Plastic Ltd.?
The financials of Resins and Plastic Ltd. which includes the P/L of Resins and Plastic Ltd. and the Balance Sheet of Resins and Plastic Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Resins and Plastic Ltd.?
The annual report of Resins and Plastic Ltd. is available in the annual report section (Click on link).
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Is buying Resins and Plastic Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Resins and Plastic Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Resins and Plastic Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Resins and Plastic Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Resins and Plastic Ltd.?
At Altius Investech, our approach to sourcing Resins and Plastic Ltd. unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Resins and Plastic Ltd. unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Resins and Plastic Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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