Manjushree Technopack Unlisted Share

Manjushree Technopack Limited manufactures polyethylene terephthalate (PET) jars and bottles, multilayer containers, PET hot-fillable bottles, and pre-forms for use in the food, beverage, pharmaceutical, cosmetic, agricultural chemicals, and allied sectors. In February 2013, it started operations at its state-of-the-art PET preform manufacturing facility at Bidadi, Bengaluru. This facility has a ‘platinum green’ certification under the Leadership in Energy & Environmental Design programme and is the largest of its kind in South Asia.

1. Establishment: Founded in 1983 by Vimal Kedia and Surendra Kedia.
2. Acquisition: Advent International acquired a 77% stake in 2018, catalyzing growth.
3. Capacity: Converting capacity exceeds 1,75,000 MT annually.
4. Clientele: Serves top global FMCG companies across various industries.
5. Manufacturing Plant: The manufacturing plants are located in Amritsar, Baddi, Pantnagar, Guwahati, Manesar, Silvassa, and Karnataka.
6. Sustainability: Commissioned a recycling plant in Bidadi, Karnataka, in June 2020.
7. Expansion: Acquired Pearl Polymers Ltd.'s B2B business in September 2020.
8. Market Presence: Enhanced presence in FMCG, pharmaceutical, and liquor segments.
9. Integration: Four manufacturing units of Pearl Polymers to seamlessly integrate upon regulatory approval.
10. Leadership: Reinforcing leadership in the packaging industry.
11. Green Energy: Utilizing green energy,the company reduces its carbon footprint and remains committed to socially responsible initiatives.

Manjushree's Journey

Services

Manjushree Technopack Limited provides end-to-end packaging solutions, beginning from the creation of sustainable packaging designs to ensuring rapid time-to-market delivery. Their offerings encompass a diverse array of catalog design options for bottles and containers. Additionally,Manjushree Technopack Limited boasts an extensive collection of promotional packaging designs, complemented by the flexibility of white labeling.

Product Portfolio

By Type:

· Containers· Preforms

· Caps and closures

· Sprays and pumps

· Shrink film

By Material: 

· HDPE

· PP

· PET

Brand Association

Board of Directors

Dividend

(1) Company Paid a Dividend of Rs 53.5/Share When It had a Face Value Rs 10/Share
(2) Recently, Company had a stock split changing its Face Value to Rs 2/Share 
(3) Considering the Stock Split , Dividend Amount also changed from Rs 53.5 to Rs 10.7/Share

Segregation Of 69486027 Number Of Shares 

A. 67738500 Is General Equity Shares
B. 1747527 Is Preference Shares Convertible to Equity Shares In Futures

Financials Highlights

₹(in crores)

Manjushree Technopack Limited has exhibited commendable revenue growth over the past three fiscal years, with FY 2023 marking a significant increase to ₹2097.34 crore. However, amidst this growth, the company faced a decline in Profit After Tax (PAT), primarily attributed to volatile raw material prices and supply chain disruptions. Despite these challenges, Manjushree Technopack Limited remains resilient, with a strategic focus on innovation and sustainability evident through investments in technology and research. The company's commitment to meeting market demands while minimizing environmental impact positions it well for long-term growth and stability in the competitive landscape.

Company’s Interim Dividend Announcement

The board declared an interim dividend of Rs. 11.50 per share, totaling Rs. 15.57 crores on FY 2022-2023, which was distributed on time.

IPO Listing and Delisting of Manjushree Technopack Limited

Manjushree Technopack Ltd made its initial public offering (IPO) debut on January 31, 2008, with the issue closing on February 6, 2008. The company offered its shares at an offer price of ₹45 per share, raising ₹3.3 crore through the public issue. The listing date was on February 28, 2008, with the stock opening at ₹48.00 per share and reaching a high of ₹66.00 during the trading session. Despite a strong listing, the company’s shares closed at ₹52.70. The holding period return on offer price and listing price stood at 894.00% and 831.88%, respectively. However, on March 24, 2015, Manjushree Technopack Ltd voluntarily delisted from the stock exchanges as per SEBI regulations 2009.

Expansion Through Acquisition

Manjushree Technopack Limited acquired : 

1. 2017: Varahi Ltd
2. 2020: National Plastics
3. April 2021: B2B business of Pearl Polymers Limited
4. January 2022: Classy Kontaines
5. July 2022: Hitesh Plastics Private Limited

Key Strenghts

1. Established market position, as indicated by strong customer base and increasing revenue diversity.
2. Strong operating efficiency.
3. Healthy and improving financial risk profile.

Key Weaknesses

1. Moderately large working capital requirement.
2. Exposure to intense competition.

Advent International Explores Strategic Options for Manjushree Technopack Limited, Eyeing $1 Billion Valuation

Advent International explored strategic options for Manjushree Technopack Limited, India's leading plastic packaging firm, aiming for a valuation of up to $1 billion. These options included selling a controlling stake or pursuing an IPO. Since Advent's investment in 2018, Manjushree had expanded its operations through acquisitions and ESG initiatives like recycled resin plants. With assets under management totaling $95 billion, Advent International's move suggested potential undervaluation of Manjushree, prompting investors to view it as an opportunity for growth and value appreciation.

The current market capitalization of Manjushree Technopack Limited (as of 25th April 2024) at ₹1827.58 Cr represents a discount of approximately 75% from the valuation target of up to $1 billion in 2018.

Manjushree Technopack Limited Leads the Charge for Sustainable Packaging Innovation

As of November 2023, Manjushree Technopack Limited, backed by Advent International, prioritizes sustainability and innovation in FMCG, food, and beverage packaging. They lead with eco-friendly practices, advocate for government support, and plan for expansion and acquisitions to meet demand, positioning them for continued industry leadership.

Manjushree Technopack Limited Secures Packaging Excellence at PrintWeek Awards 2023

Manjushree Technopack Limited (MTL) Triumphs as Packaging Company of the Year at PrintWeek Awards 2023. Recent investments in recycling division underscore commitment to sustainability. With over 95% ownership by Advent International, Manjushree Technopack Limited expands with world-class facilities like the Bidadi factory. Leading in PCR HDPE and PP Grades, MTL maintains top position in rigid plastics packaging with a capacity of 2,00,000 MT per annum and Rs. 2,600-crore turnover.

Right Issue

• The CCDs are Being Offered in the Proportion of 4 CCDs For Every 1 Equity share
• Record Date For Such Right Issue is 14th June 2024.
• Company has Announced  5,41,90,800 Unsecured Compulsorily Convertible Debentures(CCDs) having face value of INR 100. The CCDs shall have at tenure of 8 years
• The CCDs shall bear a coupon interest rate of 9% per annum. Such interest shall accrue and will be paid on a half yearly basis.
• The CCDs shall be converted into such number of equity shares INR 3,101 Per Share.
• The investor shall not have a right to renounce.

Manjushree Annual Report 2023-24

Manjushree Annual Report 2022-23

Manjushree Annual Report 2017-18

Manjushree Annual Report 2018-19

Manjushree Annual Report 2019-20

Manushree Annual Report 2020-21

Manushree Annual Report 2021-22