MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-20-0000561
Market Cap
₹100 Cr
DIKSHA · BSE
Share Price
₹193.00
0.00% today
Revenue
₹51.27 Cr
FY 2025-26 · +20.0% YoY
EBITDA
₹7.48 Cr
Margin 14.6%
Net Profit
₹4.12 Cr
FY 2025-26 · +54.9% YoY
ROE
63.8%
ROCE 30.4%
Debt / Equity
2.17
Interest cover 17.4x
Authorised capital
₹5.5 Cr
Registered with MCA
About Diksha Polymers Limited
Data last updated:
Diksha Polymers Limited is a public limited company based in Gwalior, Madhya Pradesh, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 03 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25202MP1998PLC012664. Its GSTIN is 23AABCD5338A1ZB (Madhya Pradesh). It is a listed company as per MCA records. Its shares are listed on BSE: 544798.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹3.6 Cr. It was formerly known as Vijay Pet Plast India Private Limited. It is led by directors including Vivek Mandelia (Managing Director) and Vipin Mandelia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B – 33 Maharajpura Industrial Area, Gwalior, Madhya Pradesh, India – 474020.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹51.27 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹4.12 Cr (net margin 8%) and EBITDA of ₹7.48 Cr (EBITDA margin 14.6%). The net worth stands at ₹8.52 Cr (up 93.6% YoY). Total assets are valued at ₹23.62 Cr (up 11.5% YoY).
As per MCA filings, the company has open charges of ₹14.46 Cr and satisfied charges of ₹12.52 Cr on record. The company has 1 deal on record (1 ipo); the latest was in June 2026. Its 4 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 2 smaller; the largest is Gaurav Containers Limited with revenue of ₹42.92 Cr.
Diksha Polymers Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-20-0000561). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website diksha-polymers-pvt-ltd.business.site.
Company details
CIN U25202MP1998PLC012664
Registration Number 012664
Incorporation Date 03 March 1998
ROC Gwalior
Listing Status Listed - Listed on BSE (544798)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-20-0000561
CIN history
Diksha Polymers has one previous CIN (Corporate Identification Number): U25202MP1998PTC012664. The current CIN is U25202MP1998PLC012664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25202MP1998PLC012664 | Current |
| U25202MP1998PTC012664 | Previous |
Key People
Vivek Mandelia Managing Director Vipin Mandelia Whole-Time Director Anjana Mandelia Director Recognitions & Rankings of Diksha Polymers
Contact details
Diksha Polymers Limited's registered office is in Gwalior, Madhya Pradesh. Its website is diksha-polymers-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 33 Maharajpura Industrial Area, Gwalior, Madhya Pradesh, India – 474020
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Diksha Polymers Limited, buy the company report.
Comprehensive company report
Diksha 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
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Business activity
The main business activity of Diksha Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Diksha Polymers Limited, buy the company report.
Financials of Diksha Polymers Limited
FY 2025-26 filings availableDiksha Polymers Limited reported revenue of ₹51.27 Cr (up 20% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹51.27 Cr
+20.0% YoY
EBITDA
₹7.48 Cr
+56.8% YoY
Profit After Tax
₹4.12 Cr
+54.9% YoY
Net Worth
₹8.52 Cr
+93.6% YoY
Total Assets
₹23.62 Cr
+11.5% YoY
Total Debt
₹15.10 Cr
+17.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 51.27 | 42.72 | 19.72 | 11.14 |
| Revenue growth | +20.0% | +116.6% | +77.0% | - |
| EBITDA | 7.48 | 4.77 | 1.83 | 0.46 |
| EBITDA margin | +14.6% | +11.2% | +9.3% | +4.1% |
| Profit before tax | 5.62 | 3.41 | 1.35 | 0.06 |
| Net profit | 4.12 | 2.66 | 1.01 | 0.06 |
| Net profit margin | +8.0% | +6.2% | +5.1% | +0.5% |
| EPS (₹) | 11.44 | 65.81 | 25.30 | 1.22 |
| Balance sheet | ||||
| Total assets | 23.62 | 21.18 | 6.25 | 4.91 |
| Net worth | 8.52 | 4.40 | 1.77 | 0.76 |
| Total debt | 15.10 | 12.91 | 4.47 | 4.14 |
| Cash & bank | 1.02 | 6.53 | 0.05 | 0.02 |
| Net working capital | 19.25 | 19.08 | 5.52 | 4.06 |
| Cash flow | ||||
| Cash from operations | (3.77) | 0.68 | 0.09 | 0.44 |
| Cash from investing | (2.88) | (1.96) | (0.06) | (0.05) |
| Cash from financing | 1.14 | 7.76 | 0.00 | (0.37) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 51.27 | 42.72 | 19.72 | 11.14 |
| Revenue growth | +20.0% | +116.6% | +77.0% | - |
| Other income | 0.00 | 0.01 | 0.00 | 0.00 |
| Total expenses | 43.79 | 37.95 | 17.89 | 10.68 |
| Employee cost | 0.25 | 0.20 | 0.07 | 0.07 |
| EBITDA | 7.48 | 4.77 | 1.83 | 0.46 |
| EBITDA margin | +14.6% | +11.2% | +9.3% | +4.1% |
| Depreciation | 0.68 | 0.64 | 0.15 | 0.17 |
| Interest | 1.18 | 0.73 | 0.33 | 0.23 |
| Profit before tax | 5.62 | 3.41 | 1.35 | 0.06 |
| Tax | 1.50 | 0.78 | 0.34 | 0.00 |
| Net profit | 4.12 | 2.66 | 1.01 | 0.06 |
| Net profit margin | +8.0% | +6.2% | +5.1% | +0.5% |
| EPS (₹) | 11.44 | 65.81 | 25.30 | 1.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 3.60 | 0.40 | 0.40 | 0.40 |
| Reserves & surplus | 4.92 | 4.00 | 1.37 | 0.36 |
| Shareholders' funds (net worth) | 8.52 | 4.40 | 1.77 | 0.76 |
| Secured loans | 15.10 | 12.33 | 2.70 | 2.38 |
| Unsecured loans | 0.00 | 0.58 | 1.77 | 1.76 |
| Total debt | 15.10 | 12.91 | 4.47 | 4.14 |
| Total liabilities | 23.62 | 21.18 | 6.25 | 4.91 |
| Assets | ||||
| Gross block | 8.02 | 5.14 | 3.17 | 3.11 |
| Net block | 4.22 | 2.03 | 0.69 | 0.78 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 11.65 | 8.97 | 4.38 | 3.34 |
| Sundry debtors | 6.97 | 4.83 | 1.54 | 2.91 |
| Cash & bank balances | 1.02 | 6.53 | 0.05 | 0.02 |
| Loans & advances | 4.20 | 3.42 | 0.12 | 0.50 |
| Total current assets | 23.84 | 23.75 | 6.09 | 6.77 |
| Total current liabilities | 4.59 | 4.67 | 0.57 | 2.71 |
| Net working capital | 19.25 | 19.08 | 5.52 | 4.06 |
| Total assets | 23.62 | 21.18 | 6.25 | 4.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 6.53 | 0.05 | 0.02 | 0.01 |
| Net cash from operating activities | (3.77) | 0.68 | 0.09 | 0.44 |
| Net cash from investing activities | (2.88) | (1.96) | (0.06) | (0.05) |
| Net cash from financing activities | 1.14 | 7.76 | 0.00 | (0.37) |
| Net change in cash | (5.51) | 6.48 | 0.03 | 0.02 |
| Closing cash | 1.02 | 6.53 | 0.05 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +20.0% | +116.6% | +77.0% | - |
| EBITDA growth | +56.8% | +160.7% | +297.8% | - |
| PBT growth | +64.8% | +152.6% | +2150.0% | +9997.0% |
| Net income growth | +54.9% | +163.4% | +1583.3% | - |
| Revenue CAGR (3Y) | +66.3% | - | - | - |
| EBITDA CAGR (3Y) | +153.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +8.0% | +6.2% | +5.1% | +0.5% |
| Return on capital employed | +30.4% | +30.2% | +30.1% | +5.7% |
| Return on net worth | +63.8% | +85.3% | +79.8% | +6.6% |
| Debt / equity | 2.17 | 2.82 | 3.41 | 5.46 |
| Long-term debt / equity | 0.18 | 0.06 | 0.17 | 0.57 |
| Interest cover | 17.35 | 17.68 | 19.64 | 79.31 |
| Efficiency & per share | ||||
| Fixed asset turnover | 7.79 | 10.28 | 6.28 | 3.58 |
| Inventory turnover | 4.97 | 6.40 | 5.11 | 3.34 |
| Debtors turnover | 8.69 | 13.41 | 8.86 | 3.83 |
| EPS (₹) | 11.44 | 65.81 | 25.30 | 1.22 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 23.68 | 110.15 | 44.34 | 19.04 |
To see the full year-wise statements and ratios of Diksha Polymers Limited, buy the company report.
Board of directors of Diksha Polymers Limited
Diksha Polymers has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Mandelia Also directs: Diksha Containers Private Limited | Managing Director | 08 Feb 2024 | 2 Years 8 Months | Current |
| Vipin Mandelia | Whole-Time Director | 03 Mar 1998 | 28 Years 7 Months | Current |
| Anjana Mandelia | Director | 09 Sep 2024 | 2 Years 1 Months | Current |
| Praval Pratap Singh Tomar Also directs: Adviteeya KPS Private Limited | Director | 23 May 2025 | 1 Years 5 Months | Current |
| Amit Khare | Director | 23 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Diksha Polymers Limited is compared with the 4 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), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Diksha Polymers Limitedthis company | ₹51.27 Cr (FY 2026) | ₹4.12 Cr | 8% | 20.0% | Gwalior, Madhya Pradesh, India | |
| Gaurav Containers Limited | ₹42.92 Cr (FY 2023) | 12.0% | Mumba, Maharashtra, India | |||
| Param Polymers Private Limited | ₹42.76 Cr (FY 2018) | 19.0% | Kolkata, West Bengal, India | |||
| Swashthik Preforms Private Limited | ₹42.46 Cr (FY 2025) | -5.0% | Puducherry, India | |||
| Vora Packaging Private Limited | ₹42.1 Cr (FY 2025) | 2.0% | Tarapur, Maharashtra, India |
To see the full peer comparison of Diksha Polymers Limited, buy the company report.
Auditor
Diksha Polymers Limited is audited by RAKESH RAMAN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESH RAMAN & CO. | FY 2023 | 078763 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 69.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 4.70% and retail and other public shareholders hold 26.10%.
Sep 2026
QUARTER
69.20% Promoters
4.70% DII (Domestic Institutional)
26.10% Retail & Others
Promoter holding - history
Now 69.20% · Sep 2026High 69.20% · Jun 2026Low 69.20% · Jun 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | |
|---|---|---|
| Promoters | 69.20% | 69.20% |
| Public | 30.80% | 30.80% |
Charges & borrowings
Open charges
₹14.46 Cr
Satisfied charges
₹12.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2025 | 101037561 | Axis Bank Limited | ₹14.46 Cr | Open | |
| 30 Apr 2024 | 100916869 | Others | ₹3.8 Cr | Satisfied | |
| 08 Mar 2022 | 100558555 | Axis Bank Limited | ₹27 Lakh | Satisfied | |
| 14 Jul 2020 | 100405646 | Axis Bank Limited | ₹35 Lakh | Satisfied | |
| 27 Sep 2019 | 100297792 | Axis Bank Limited | ₹3.4 Cr | Satisfied |
To see the full charge records of Diksha Polymers Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Diksha Polymers Limited has 1 deal on record (1 ipo); the latest was in June 2026.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | IPO | ₹17.9 Cr | Investors: Public Market Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Diksha Polymers Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Diksha Polymers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Diksha Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCD5338A1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diksha Polymers Limited, buy the company report.
Recent activity
Diksha Polymers Limited has 7 board changes on record since 1998: 6 appointments and 1 cessation. The latest: Amit Khare was appointed as Director on 23 May 2025.
Filing
Diksha Polymers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
AGM
Diksha Polymers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 14.46 Cr registered on 13 Jan 2025 with Charge ID 101037561 was modified on 06 Aug 2025.
Appointed
Amit Khare was appointed as Director.
Appointed
Praval Pratap Singh Tomar was appointed as Director.
Ceased
Hemlata Mandelia ceased to be Director.
Charges
A charge registered on 30 Apr 2024 via Charge ID 100916869 with Others was fully satisfied on 21 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 14.46 Cr with Charge ID 101037561 was registered on 13 Jan 2025.
Appointed
Anjana Mandelia was appointed as Director.
Charges
A charge with Others amounted to Rs. 3.80 Cr with Charge ID 100916869 was registered on 30 Apr 2024.
Charges
A charge registered on 08 Mar 2022 via Charge ID 100558555 with Axis Bank Limited was fully satisfied on 30 Apr 2024.
Charges
A charge registered on 14 Jul 2020 via Charge ID 100405646 with Axis Bank Limited was fully satisfied on 30 Apr 2024.
41 earlier events are in the company report.
Frequently asked questions
Diksha Polymers is an active public limited company based in Gwalior, Madhya Pradesh, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 03 March 1998 (28+ years old) and is registered under CIN U25202MP1998PLC012664. Listed on BSE: 544798.
Diksha Polymers reported revenue of ₹51.27 Cr for FY 2025-26 (up 20% YoY) based on standalone financials.
Diksha Polymers has 5 current directors:
- Vivek Mandelia - Managing Director
- Vipin Mandelia - Whole-Time Director
- Anjana Mandelia - Director
- Praval Pratap Singh Tomar - Director
- Amit Khare - Director
The latest financial statements of Diksha Polymers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Diksha Polymers is 23AABCD5338A1ZB, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Diksha Polymers is U25202MP1998PLC012664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Diksha Polymers is a listed company as per MCA records. Its shares are listed on BSE (code: 544798).
Diksha Polymers was incorporated on 03 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Gwalior.
Diksha Polymers has 1 deal on record (1 ipo); the latest was in June 2026.
The peers of Diksha Polymers by revenue are Gaurav Containers Limited, Param Polymers Private Limited, Swashthik Preforms Private Limited, Vora Packaging 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).
Amit Khare was appointed as Director on 23 May 2025. Praval Pratap Singh Tomar was appointed as Director on 23 May 2025. Hemlata Mandelia ceased to be Director on 22 May 2025. Diksha Polymers has 7 board changes on record in total.