Bai-Kakaji Polymers Limited

BSE: 544670
Bai-Kakaji Polymers Limited - packaging in Latur, Maharashtra, India. FY 2026 financials & compliance.
CIN U22209MH2013PLC246369 Incorporated 30 July 2013 ROC Mumbai HQ Latur, Maharashtra, India
Active Listed - BSE: 544670 Public Limited Company packaging
Data last updated
Market Cap
₹641 Cr
BAIKAKAJI · BSE
Share Price
₹309.00
+3.24% today
Revenue
₹365 Cr
FY 2025-26 · +12.1% YoY
EBITDA
₹52.23 Cr
Margin 14.3%
Net Profit
₹22.62 Cr
FY 2025-26 · +24.4% YoY
P/E (TTM)
27.4x
P/B 3.5x
ROE
23.5%
ROCE 21.7%
Debt / Equity
0.76
Interest cover 23.3x

About Bai-Kakaji Polymers Limited

Data last updated:

Bai-Kakaji Polymers Limited is a public limited company based in Latur, Maharashtra, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 30 July 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U22209MH2013PLC246369. Its GSTIN is 27AADCH2229L1ZI (Maharashtra). Its shares are listed on BSE: 544670.

The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹15.75 Cr. It was formerly known as Harikishan Minerals Private Limited. It is led by directors including Balkishan Pandurangji Mundada (Managing Director) and Harikishan Pandurangji Mundada (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. M3 & M4 MIDC, Latur, Maharashtra, India – 413531.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹364.69 Cr, a growth of 12.1% compared to the previous year. For the same year it recorded a net profit of ₹22.62 Cr (net margin 6.2%) and EBITDA of ₹52.23 Cr (EBITDA margin 14.3%). The net worth stands at ₹175.7 Cr (up 228.2% YoY). Total assets are valued at ₹241.64 Cr (up 48.6% YoY).

The company has about 56 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹56.93 Cr and satisfied charges of ₹38.96 Cr on record. Court records list 18 cases involving the company, including 17 filed by the company and 1 filed against it; 11 cases are pending. The company has 3 deals on record (1 rights issue, 1 ipo, 1 secondary share transfer); the latest was in December 2025. Its 5 peer companies in the Packaging industry (Bottles and Caps, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Elastrex Polymers Private Limited with revenue of ₹340.63 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website baikakaji.com.

Company Details of Bai-Kakaji Polymers Limited
CIN U22209MH2013PLC246369
Registration Number 246369
Incorporation Date 30 July 2013
ROC Mumbai
Listing Status Listed (BSE: 544670)
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant

Name History

Bai-Kakaji Polymers has undergone 2 name changes throughout its history. The company was previously known as Harikishan Minerals Private Limited, and Bai-Kakaji Polymers Limited. The current legal name is Bai-Kakaji Polymers Limited.

Company NameStatus
Bai-Kakaji Polymers LimitedCurrent
Harikishan Minerals Private LimitedPrevious

CIN History

Bai-Kakaji Polymers has one previous CIN (Corporate Identification Number): U15549MH2013PTC246369. The current CIN is U22209MH2013PLC246369, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U22209MH2013PLC246369Current
U15549MH2013PTC246369Previous
Key People
Balkishan Pandurangji Mundada Managing Director Harikishan Pandurangji Mundada Whole-Time Director Akshay Balkishan Mundada Cfo
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Plot No. M3 & M4 MIDC, Latur, Maharashtra, India – 413531
  • Industry
    Packaging, Bottle & Cap Manufacturing
Comprehensive company report
Bai-Kakaji Polymers Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
  • One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Unlock the full report on Bai-Kakaji Polymers

Financials, compliance, directors, charges, ownership and filings for Bai-Kakaji Polymers Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity

The main business activities of Bai-Kakaji Polymers are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal productsLocked
GTradeG1Wholesale TradingLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Financials of Bai-Kakaji Polymers Limited

FY 2025-26 filings available

Bai-Kakaji Polymers Limited reported revenue of ₹364.69 Cr (up 12.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹365 Cr
+12.1% YoY
EBITDA
₹52.23 Cr
+54.0% YoY
Profit After Tax
₹22.62 Cr
+24.4% YoY
Net Worth
₹176 Cr
+228.2% YoY
Total Assets
₹242 Cr
+48.6% YoY
Total Debt
₹65.72 Cr
-39.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue365325
Revenue growth+12.1%-
EBITDA52.2333.91
EBITDA margin+14.3%+10.4%
Profit before tax36.0125.86
Net profit22.6218.18
Net profit margin+6.2%+5.6%
EPS (₹)12.6080.75
Balance sheet
Total assets242163
Net worth17653.54
Total debt65.72109
Cash & bank2.520.66
Net working capital83.3049.53
Cash flow
Cash from operations28.04(9.93)
Cash from investing(72.97)(63.19)
Cash from financing44.9573.57
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue354325295273193
Revenue growth+8.9%+10.4%+8.0%+41.1%-
EBITDA51.5633.9121.0114.3512.74
EBITDA margin+14.6%+10.4%+7.1%+5.3%+6.6%
Profit before tax34.9825.8611.425.735.07
Net profit21.9418.189.324.164.11
Net profit margin+6.2%+5.6%+3.2%+1.5%+2.1%
EPS (₹)12.3080.75417.09185.64182.87
Balance sheet
Total assets20716376.1171.6068.78
Net worth17553.5435.3725.9921.81
Total debt32.0810940.7145.5946.97
Cash & bank2.450.662.754.771.78
Net working capital71.9549.5328.8732.3029.86
Cash flow
Cash from operations29.22(9.93)21.3912.987.46
Cash from investing(40.57)(63.19)(13.09)(8.22)(12.55)
Cash from financing11.3073.57(8.42)(4.70)4.97
ParticularsMar 2025
Revenue92.18
Other income4.86
Total expenses80.69
EBITDA11.49
EBITDA margin+12.5%
Depreciation2.88
Interest2.28
Profit before tax11.19
Tax3.62

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsFY 2025-26FY 2024-25
Revenue365325
Revenue growth+12.1%-
Other income10.095.89
Total expenses312291
Employee cost8.065.37
EBITDA52.2333.91
EBITDA margin+14.3%+10.4%
Depreciation18.438.45
Interest7.885.49
Profit before tax36.0125.86
Tax9.037.68
Net profit22.6218.18
Net profit margin+6.2%+5.6%
EPS (₹)12.6080.75
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital21.402.25
Reserves & surplus15451.29
Shareholders' funds (net worth)17653.54
Minority interest0.000.00
Secured loans42.6386.02
Unsecured loans23.0923.00
Total debt65.72109
Total liabilities242163
Assets
Gross block211151
Net block144103
Capital work in progress6.220.00
Investments0.050.05
Inventories50.8740.75
Sundry debtors38.9430.50
Cash & bank balances2.520.66
Loans & advances27.4913.71
Total current assets12085.62
Total current liabilities36.5236.09
Net working capital83.3049.53
Total assets242163
ParticularsFY 2025-26FY 2024-25
Opening cash0.490.04
Net cash from operating activities28.04(9.93)
Net cash from investing activities(72.97)(63.19)
Net cash from financing activities44.9573.57
Net change in cash0.020.45
Closing cash2.520.66
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+12.1%-
EBITDA growth+54.0%-
PBT growth+39.3%+9997.0%
Net income growth+24.4%-
Profitability & leverage
Net income margin+7.4%+5.6%
Return on capital employed+21.7%+19.3%
Return on net worth+23.5%+33.9%
Debt / equity0.762.04
Long-term debt / equity0.120.35
Interest cover23.3121.56
Efficiency & per share
Fixed asset turnover2.022.16
Inventory turnover7.967.98
Debtors turnover10.5010.67
EPS (₹)12.6080.75
Dividend per share (₹)0.000.00
Book value per share (₹)82.09237.96
ParticularsMar 2025
Revenue92.18
Other income4.86
Total expenses80.69
EBITDA11.49
EBITDA margin+12.5%
Depreciation2.88
Interest2.28
Profit before tax11.19
Tax3.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue354325295273193
Revenue growth+8.9%+10.4%+8.0%+41.1%-
Other income8.995.891.602.212.27
Total expenses303291274259181
Employee cost7.855.372.081.631.31
EBITDA51.5633.9121.0114.3512.74
EBITDA margin+14.6%+10.4%+7.1%+5.3%+6.6%
Depreciation17.918.457.387.316.93
Interest7.665.493.813.523.01
Profit before tax34.9825.8611.425.735.07
Tax8.657.682.051.570.96
Net profit21.9418.189.324.164.11
Net profit margin+6.2%+5.6%+3.2%+1.5%+2.1%
EPS (₹)12.3080.75417.09185.64182.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital21.402.252.252.252.25
Reserves & surplus15451.2933.1223.7419.56
Shareholders' funds (net worth)17553.5435.3725.9921.81
Secured loans30.3586.0235.2531.5722.86
Unsecured loans1.7323.005.4614.0224.11
Total debt32.0810940.7145.5946.97
Total liabilities20716376.1171.6068.78
Assets
Gross block17815186.7674.7169.07
Net block11210346.4336.0537.72
Capital work in progress6.220.000.001.260.00
Investments0.150.050.050.000.00
Inventories43.4640.7523.0518.5015.11
Sundry debtors30.5330.5019.2821.3515.29
Cash & bank balances2.450.662.754.771.78
Loans & advances20.8413.714.807.638.02
Total current assets97.2885.6249.8852.2540.20
Total current liabilities25.3336.0921.0119.9510.34
Net working capital71.9549.5328.8732.3029.86
Total assets20716376.1171.6068.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.490.040.160.110.23
Net cash from operating activities29.22(9.93)21.3912.987.46
Net cash from investing activities(40.57)(63.19)(13.09)(8.22)(12.55)
Net cash from financing activities11.3073.57(8.42)(4.70)4.97
Net change in cash(0.05)0.45(0.12)0.05(0.11)
Closing cash2.450.662.754.771.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+8.9%+10.4%+8.0%+41.1%-
EBITDA growth+52.1%+61.4%+46.4%+12.6%-
PBT growth+35.3%+126.4%+99.3%+13.0%+9997.0%
Net income growth+20.7%+95.1%+124.0%+1.2%-
Revenue CAGR (3Y)+9.1%+18.9%---
EBITDA CAGR (3Y)+53.2%+38.6%---
Profitability & leverage
Net income margin+7.4%+5.6%+3.2%+1.5%+2.1%
Return on capital employed+23.1%+26.3%+20.6%+13.2%+11.8%
Return on net worth+23.0%+40.9%+30.6%+17.5%+18.8%
Debt / equity0.621.681.411.942.15
Long-term debt / equity0.100.300.130.060.13
Interest cover22.7621.5627.9550.0051.81
Efficiency & per share
Fixed asset turnover2.152.743.653.802.80
Inventory turnover8.4110.2014.1916.2412.80
Debtors turnover11.6113.0714.5114.9012.65
EPS (₹)12.3080.75417.09185.64182.87
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)81.79237.961,572.131,155.04969.40
Want more history and ratios?
You're viewing the latest exchange-filed financials for Bai-Kakaji Polymers Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Board of Directors and KMP of Bai-Kakaji Polymers Limited

Bai-Kakaji Polymers Limited currently reports 5 directors and 1 key managerial person. 7 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Akshay Balkishan Mundada
Also directs: Bai-Kakaji Aquasure Solutions Private Limited, Bai-Kakaji Foundation, Bai-Kakaji Fitness Solutions Private Limited
Cfo17 May 20251 Years 5 MonthsCurrent
Kiran Balkishan MundadaDirector25 Feb 20251 Years 7 MonthsCurrent
Balkishan Pandurangji Mundada
Also directs: Bai-Kakaji Aquasure Solutions Private Limited, Bai-Kakaji Eco Alliance Private Limited
Managing Director30 Jul 201313 Years 2 MonthsCurrent
Harikishan Pandurangji Mundada
Also directs: Bai-Kakaji Aquasure Solutions Private Limited, Bai-Kakaji Eco Alliance Private Limited, Mundada Polymers Private Limited and 1 more
Whole-Time Director30 Jul 201313 Years 2 MonthsCurrent
Nilesh Gokuldas ChandakDirector10 May 20251 Years 5 MonthsCurrent
Balu Govindlal BhansaliDirector10 May 20251 Years 5 MonthsCurrent
View all directors and KMP

Peer Comparison

Bai-Kakaji Polymers Limited is compared with the companies closest to it by revenue in the Packaging industry (Bottles and Caps, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bai-Kakaji Polymers Limited this company₹364.69 Cr (FY 2026)••••••••12.1%••••Latur, Maharashtra, India
Elastrex Polymers Private Limited₹340.63 Cr (FY 2025)••••••••1160.0%••••Bangalore, Karnataka, India
BLS Polymers Limited₹336.7 Cr (FY 2025)••••••••12.0%••••New Delhi, Delhi, India
Eoc Polymers India Private Limited₹327.49 Cr (FY 2025)••••••••17.0%••••New Delhi, Delhi, India
Sonali Polymers Private Limited₹320.74 Cr (FY 2025)••••••••14.0%••••Jaipur, Rajasthan, India
Lincon Polymers Private Limited₹316.35 Cr (FY 2025)••••••••10.0%••••Ahmedabad, Gujarat, India

Peers are the companies nearest to Bai-Kakaji Polymers by revenue, above and below it, in the Packaging industry (Bottles and Caps, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Charges & Borrowings

Open charges
₹56.93 Cr
Satisfied charges
₹38.96 Cr
Breakdown by lending institutions
State Bank of India₹41.93 Cr
Others₹15.00 Cr
Latest charge details
DateLenderAmountStatus
29 Oct 2025State Bank of India₹42.5 LakhOpen
25 Feb 2025Others₹6 CrOpen
20 Mar 2024Others₹4 CrOpen
18 Jul 2023Others₹5 CrOpen
30 Mar 2020State Bank of India₹41.5 CrOpen

Total charge records: 14 View all charges

Deals & Funding

Bai-Kakaji Polymers Limited has 3 deals on record (1 rights issue, 1 ipo, 1 secondary share transfer); the latest was in December 2025.

Total deals
3
Rights issue
1
IPO
1
Secondary share transfer
1

Deals on record (3 of 3)

WhenDealAmountParties
Dec 2025IPO₹105.17 CrInvestors: Bharat Venture Opportunities Fund, Rajasthan Global Securities Private Limited , Jalan Chemical Industries Pvt Ltd
Mar 2025Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 3 individuals
May 2020Rights issue₹1.8 CrInvestors: 3 individuals

Full deal history: available in the company report

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance

Employment history and EPFO contributions of people linked to Bai-Kakaji Polymers.

Employee and EPFO history: available in the company report

Recent Activity

Bai-Kakaji Polymers Limited has 13 board changes on record since 2013: 6 appointments and 7 cessations. The latest: Akshay Balkishan Mundada was appointed as CFO on 17 May 2025.

Charges
A charge with State Bank Of India amounted to Rs. 0.43 Cr with Charge ID 101188811 was registered on 29 Oct 2025.
Appointed
Akshay Balkishan Mundada was appointed as CFO.
Ceased
Balkishan Pandurangji Mundada ceased to be Director.
Ceased
Balu Govindlal Bhansali ceased to be Additional Director.
Ceased
Harikishan Pandurangji Mundada ceased to be Director.
Ceased
Kiran Balkishan Mundada ceased to be Additional Director.
Ceased
Nilesh Gokuldas Chandak ceased to be Additional Director.
Appointed
Balu Govindlal Bhansali was appointed as Director.
Appointed
Nilesh Gokuldas Chandak was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101060732 was registered on 25 Feb 2025.
Appointed
Kiran Balkishan Mundada was appointed as Director.
Ceased
Akash Balkishan Mundada ceased to be Director.

30 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts

Credit ratings, litigation, and regulatory alerts: available in the company report

MSME Payment Delays

MSME payment history: available in the company report

Subsidiaries & Group Companies

Corporate group structure: available in the company report

GST Compliance

Bai-Kakaji Polymers has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCH2229L1ZIMaharashtraActive01 Jul 2017

GST registrations and filing compliance: available in the company report

MCA Filings & Documents

MCA filings and documents: available in the company report

Related news

Frequently Asked Questions

Bai-Kakaji Polymers is an active public limited company based in Latur, Maharashtra, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 30 July 2013 (13+ years old) and is registered under CIN U22209MH2013PLC246369. Listed on BSE: 544670.

Bai-Kakaji Polymers reported revenue of ₹364.69 Cr for FY 2025-26 (up 12.1% YoY) based on consolidated financials.

Bai-Kakaji Polymers has 6 current directors and KMP:

The latest financial statements of Bai-Kakaji Polymers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Bai-Kakaji Polymers is 27AADCH2229L1ZI, registered in Maharashtra.

The CIN (Corporate Identification Number) of Bai-Kakaji Polymers is U22209MH2013PLC246369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bai-Kakaji Polymers is listed on BSE with code 544670.

Bai-Kakaji Polymers has 18 court cases on record: 17 filed by the company and 1 filed against it. 11 are pending.

Bai-Kakaji Polymers was incorporated on 30 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.

Bai-Kakaji Polymers has 3 deals on record (1 rights issue, 1 ipo, 1 secondary share transfer); the latest was in December 2025.

The peers of Bai-Kakaji Polymers by revenue are Elastrex Polymers Private Limited, BLS Polymers Limited, Eoc Polymers India Private Limited, Sonali Polymers Private Limited, Lincon Polymers Private Limited, all in the Packaging industry (Bottles and Caps, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - compiled from official filings and updated regularly.

Subscription plans available