Resin & Plastic Limited Unlisted Shares
vs. prev. close ₹675
52W High
₹675
52W Low
₹675
Market cap
₹282 Cr
IPO stage
No DRHP filed
CIN
U25209MH1961PLC012223
Price History
52W High
₹675
52W Low
₹675
About Resin & Plastic Limited Unlisted Shares
Resins and Plastics Limited acts as a B2B intermediate supplier for massive industrial sectors. Backed heavily by the promoters of Asian Paints Limited, the company manufactures crucial binder chemistry—such as Alkyd, Epoxy, Acrylic, Phenolic, and Ketonic resins.
Resins and Plastics Limited manufactures synthetic resins for the coatings and adhesives industry, with a product range spanning Alkyds, Acrylics, Polyamides, Phenolic, Polyurethane and Maleic Resins. The company sells through a PAN-India distributor network to customers in Surface Coatings, Adhesives, Printing Inks and Construction Chemicals, and counts Asian Paints among its disclosed customers, having supplied it goods worth ₹531.40 lakh in FY26 (down from ₹728.78 lakh in FY25). Manufacturing runs out of two plants: Taloja in Maharashtra and Ankleshwar in Gujarat, both positioned close to shipping ports to support raw material imports and exports.
The company operates in a single reportable segment (Synthetic Resins), so no product-line revenue split is disclosed. Geographically, home market sales rose to ₹321.45 crore in FY26 from ₹285.78 crore, while exports stayed a small share of the business at ₹9.02 crore, though management has flagged plans to expand beyond its current neighbouring-country export markets.
FY26 was a strong year on the P&L: revenue grew 12% to ₹331.48 crore and profit after tax nearly doubled, up 84% to ₹21.37 crore, as operating margin expanded from 4.56% to 8.11%. Management attributes this to improved manufacturing efficiency and better raw-material sourcing, achieved despite a difficult year for the resin industry globally, where large chemical manufacturers downsized capacity and shifted competitive pressure onto the domestic market. The company is mid-expansion, with ₹3.49 crore of capital work-in-progress on its books, of which ₹3.10 crore (an automation and capacity project) is expected to complete within a year. No DRHP has been filed for this company.
Company Details
Founded
1961
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
1
Face Value
₹10.00
Total Shares
4172300
Regulatory Information
Corporate Identity Number (CIN)
U25209MH1961PLC012223
PAN Number
AAACR1888C
ISIN
INE422F01017
Key Valuation Ratios
Valuation
Market Cap
₹281.63 Cr
P/E Ratio
13.18×
P/S Ratio
0.85×
P/B Ratio
2.08×
EV / EBITDA
9.22×
Returns & Per Share
ROE
15.81%
EPS
₹51.21
Book Value / Share
₹323.87
Solvency
Debt / Equity
0.00×
Interest Coverage
308.08×
Company Fundamentals
As of FY2026 Annual · updated 21 Sept 2026Gross Profit
₹71.39 Cr
EBITDA
₹30.50 Cr
Revenue Growth
12.35%
Profit Margin
6.45%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.00×
EBITDA Margin
9.20%
Interest Coverage
308.08×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 213.76₹ Crore | 252.25₹ Crore | 258.21₹ Crore | 295.05₹ Crore | 331.48₹ Crore |
| Other incomeDisclosed | 1.89₹ Crore | 94.01₹ Lakh | 2.32₹ Crore | 2.15₹ Crore | 1.85₹ Crore |
| Total IncomeDerived | 215.65₹ Crore | 253.19₹ Crore | 260.52₹ Crore | 297.2₹ Crore | 333.32₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 165.16₹ Crore | 203.62₹ Crore | 207.32₹ Crore | 238.32₹ Crore | 260.08₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | -1.64₹ Crore | -1.2₹ Crore | 45.3₹ Lakh | 1.16₹ Crore | 1.63₹ Crore |
| Employee benefits expenseDisclosed | 12.52₹ Crore | 13.65₹ Crore | 14.13₹ Crore | 17.12₹ Crore | 17.71₹ Crore |
| Finance costsDisclosed | 53₹ Thousand | 2.88₹ Lakh | 3.14₹ Lakh | 2.66₹ Lakh | 9.36₹ Lakh |
| Depreciation and amortization expenseDisclosed | 92.84₹ Lakh | 1.26₹ Crore | 1.47₹ Crore | 1.52₹ Crore | 1.66₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 22.8₹ Crore | 22.53₹ Crore | 21.56₹ Crore | 23.44₹ Crore | 23.4₹ Crore |
| Total ExpensesDerived | 199.78₹ Crore | 239.89₹ Crore | 244.98₹ Crore | 281.59₹ Crore | 304.58₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Profit before taxDerived | 15.88₹ Crore | 13.3₹ Crore | 15.55₹ Crore | 15.61₹ Crore | 28.74₹ Crore |
| Current tax expenseDisclosed | 3.94₹ Crore | 3.34₹ Crore | 3.87₹ Crore | 3.99₹ Crore | 7.43₹ Crore |
| Deferred tax expenseDisclosed | 12.44₹ Lakh | 9.55₹ Lakh | 12.78₹ Lakh | 4.61₹ Lakh | -5.57₹ Lakh |
| Tax expenseDisclosed | 4.06₹ Crore | 3.48₹ Crore | 3.97₹ Crore | 4₹ Crore | 7.37₹ Crore |
| Profit After TaxDerived | 11.82₹ Crore | 9.81₹ Crore | 11.58₹ Crore | 11.61₹ Crore | 21.37₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Total Comprehensive IncomeDerived | 11.82₹ Crore | 9.81₹ Crore | 11.58₹ Crore | 11.61₹ Crore | 21.37₹ Crore |
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Current Price
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About Resin & Plastic Limited Unlisted Shares unlisted shares
Indicative · updated dailyResin & Plastic Limited unlisted share price today
Resin & Plastic Limited unlisted share price today is ₹675 as of 16 October 2026.
What drives Resin & Plastic Limited's valuation
Resins and Plastics Limited's valuation multiples (P/E, P/B, ROE, Market Cap) are shown live above and recompute automatically as the desk price moves.
The clearest comparable listed company by product category is Sreechem Resins Limited, a small-cap synthetic (phenolic) resins manufacturer. That comparison needs a caveat: Sreechem currently posts negative TTM earnings, so its P/E is not a usable multiple, and its P/B has recently traded close to book value, in the roughly 0.9x-1.3x range, reflecting a loss-making, shrinking-revenue business. No second closely comparable listed peer exists for a pure-play coatings-resin manufacturer of this size.
Resins and Plastics Limited's own position is materially different from that comp: it is profitable and growing (PAT up 84% in FY26), carries no long-term or short-term borrowings, and has paid a dividend every year for at least the last five years. A reader using Sreechem as a reference point should weight that difference heavily rather than read across the multiples directly, since the peer's low P/B reflects distress, not an undemanding valuation for a comparable business.
Key risks for Resin & Plastic Limited
Operating cash flow lagging reported profit. FY26 operating cash flow was ₹9.60 crore against a reported profit of ₹21.37 crore, because trade receivables grew 22% (to ₹89.08 crore) while revenue grew only 12%. In FY25, this working-capital drag was severe enough that operating cash flow was actually negative (-₹8.64 crore) despite a reported profit of ₹11.61 crore.
Customer concentration in a few large coatings buyers. A single disclosed related-party customer, Asian Paints, accounted for ₹531.40 lakh of sales in FY26. Order volumes or pricing decisions by a small number of large paint companies can move the company's revenue meaningfully in either direction.
Import and freight exposure. Roughly 20% of raw materials by value are imported. The FY26 Annual Report specifically flags a challenging year of rising freight rates, longer sailing times, and volatile global raw material prices tied to geopolitical conflict, all of which pressure margins directly.
Single-segment concentration. The company's entire revenue comes from synthetic resins sold into coatings, adhesives, printing inks, and construction chemicals. A downturn in any of those end-markets (construction activity, auto production, industrial coatings demand) has no offsetting segment to cushion it.
No listing track and no DRHP. With no DRHP filed and no announced IPO plans, there is no near-term liquidity catalyst, and the standard illiquidity risk of unlisted shares applies without qualification.
Why Resin & Plastic Limited could be a good bet
A real margin recovery, not a one-off. Operating margin nearly doubled from 4.56% to 8.11% in a year management itself describes as difficult for the sector, driven by manufacturing efficiency and sourcing improvements it characterizes as structural rather than one-time.
Debt-free with a strong buffer. The company carries zero long-term or short-term borrowings and a current ratio of 4.96x, giving it headroom to self-fund its ongoing expansion and sustain dividend payouts without needing external capital.
Capacity expansion already underway. ₹3.49 crore of capital work-in-progress is on the books, including a ₹3.10 crore automation and expansion project due to complete within a year, aimed at what management calls "robust volume growth" ahead.
Consistent, rising dividend payout. The company has paid a dividend every year for the last five years, with payout ratios ranging from 55% to 90% of face value and a 90% (₹9/share) dividend recommended for FY26, a relevant data point for yield-focused buyers.
Untapped export headroom. Exports are under 3% of revenue today, and management has explicitly stated an intent to expand beyond its current neighbouring-country markets, a growth lever that isn't yet reflected in the current revenue base.
Resin & Plastic Limited Unlisted Shares — frequently asked questions
- What is the grey market price for Resin & Plastic Limited?
No IPO is currently announced for Resin & Plastic Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Resin & Plastic Limited filed for an IPO, and when might it list?
Resin & Plastic Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Resin & Plastic Limited compare to its listed peers?
There is no closely comparable listed company for Resin & Plastic Limited in India today.
- Is Resin & Plastic Limited on the SME or Mainboard IPO track?
Resin & Plastic Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Resin & Plastic Limited's CIN and registered office?
Resin & Plastic Limited's Corporate Identity Number is U25209MH1961PLC012223, registered at Mumbai, Maharashtra, India.
- What is Resin & Plastic Limited's market capitalisation?
Resin & Plastic Limited's market capitalisation is approximately ₹282 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Resin & Plastic Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Resin & Plastic Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Resin & Plastic Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Resin & Plastic Limited unlisted shares?
Submit an Express Sell Interest for Resin & Plastic Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Resin & Plastic Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Resin & Plastic Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Resin & Plastic Limited's minimum is ₹675.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Resin & Plastic Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Resin & Plastic Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Resin & Plastic Limited unlisted shares?
Resin & Plastic Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Resin & Plastic Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Resin & Plastic Limited unlisted shares taxed?
If you sell unlisted shares, including Resin & Plastic Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Resin & Plastic Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Resin & Plastic Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Resin & Plastic Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Resin & Plastic Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Resin & Plastic Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
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Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
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Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
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You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
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Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.