Resins and Plastic Unlisted Shares

RPL Automotive: Manufacturer of a wide range of products which include RPL OC 5491 Epoxy Ester Resins, RPL R 5802 Melamine Formaldehyde Resin, RPL R 5803 Melamine Formaldehyde Resin, RPL R 5804 Melamine Formaldehyde Resin, RPL R 5806 Melamine Formaldehyde Resin and RPL R 5813 Melamine Formaldehyde Resin.

RPL Industrial And Protective Coating:- Pioneers in the industry, they offer RPL OC 5104 Hardeners For Epoxy Resins, RPL OC 5124 Hardeners For Epoxy Resins, RPL OC 5491 Epoxy Ester Resins, RPL R 5452 Epoxy Resins, RPL R 5460 Epoxy Resins and RPL R 5467 Epoxy Resins from India.

RPL Floor Coating:- There product range includes a wide range of RPL OC 5104 Hardeners For Epoxy Resins, RPL OC 5104 Ketonic Resin, RPL OC 5124 Hardeners For Epoxy Resins, RPL R 5451 Epoxy Resins, RPL Replamide 360 Reactive Polyamides and RPL OC 5196 Epoxy Diluents.

RPL Equipment:- There product range includes a wide range of RPL R 5451 Epoxy Resin, RPL R 5452 Epoxy Resin, RPL R 5460 Epoxy Resin, RPL R 5467 Epoxy Resin and RPL Replakryl 926 Acrylic Resins.

RPL Printing Ink:- There product range includes a wide range of RPL Replacol 214 Rosin Modified Phenolic Resins, RPL Replacol 227 Rosin Modified Phenolic Resins, RPL Replacol 237 Rosin Modified Phenolic Resins, RPL Replacol 228 Rosin Modified Phenolic Resins and RPL Replakryl 914 Acrylic Resins.

RPL Adhesive:- Providing you the best range of RPL Replacol 262 Alkyl Phenol Formaldehyde Resins, RPL Replacol 260 Alkyl Phenol Formaldehyde Resins, RPL Replacol 263 Alkyl Phenol Formaldehyde Resins and RPL Replacol 268 Alkyl Phenol Formaldehyde Resins with effective & timely delivery.

RPL Can Coating:- Providing you the best range of RPL Replacol 277 Butylated Phenolic Resin and RPL Replacol 279 Butylated Phenolic Resin with effective & timely delivery.

RPL Wood Finish:- Our product range includes a wide range of RPL Replakyd 513 Long Oil Alkyds and RPL Replakyd 527 Short Oil Alkyds.

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.

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.

Resins And Plastic Annual Report 2025-26

Resins And Plastic Annual Report 2023-24

Resins And Plastic Annual Report 2022-23

Resins And Plastic Annual Report 2021-22