#TPLPLASTEH - INVESTMENT PICK

ABOUT
TPL Plastech Ltd is engaged in the business of manufacturing polymer-based industrial packaging products like Drums and Jerry cans. It caters to customers in industries like Chemicals, Petrochemicals, Specialty Chemicals, Plasticizers, pharmaceuticals, FMCG, Food Products, etc.

KEY POINTS

  • Product Portfolio

Narrow Mouth Drums: Used for storing liquid chemicals and lube oils with capacities ranging between 210-250 liter
Narrow Mouth & Wide Mouth Carboys: Used in Specialty Chemical and Adhesives industry for storing semi-liquid powder and paste type products with capacities ranging between 25-120 liter
Open Top Drums: Used in Dyestuff, Food, Pharma industry for storing packing powder, paste type, semi-liquid and solid products in capacities ranging between 35-235 liter


*Customer Profile
The company caters to 250+ customers in various industries like Chemicals, Petrochemicals, Specialty Chemicals, pharmaceuticals, FMCG, etc. Some notable customers include Gulf, Godrej Industries, Aarti Industries, Dabur, Valiant Organics, Jubilant Lifesciences, Amul, KLJ Group, etc.


*Manufacturing Facilities
The company has a capacity of 28,000 MTPA across 6 manufacturing facilities in India. The manufacturing facilities are located in Ratlam, Vizag, Silvassa, Bhuj, Uttarakhand, and Jammu. Production in Bhuj, Ratlam, and Vizag facilities was started in 2020.


*CapEx
The Co. is setting up a new manufacturing unit in Silvassa for manufacturing small packaging products with capacities ranging between 50 ml to 10 liters as Value Added Products to serve the existing customers in the segment of Pharma, FMCG, Food, etc. The Phase-1 investment of the project was 8 crores and the project was commercialized in Oct 2021.
During FY21, Co. has also incurred a CapEx of Rs. 3.8 Cr towards automation & de-bottlenecking at existing plants


*Promoter
The company is promoted by Time Technoplast Ltd which is involved in the manufacturing of technology and innovation-driven polymer & composite products. It holds a 75% stake in TPL Plastech.


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