MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0000041
Market Cap
₹217 Cr
ECOPLAST · BSE
Share Price
₹469.90
+2.81% today
Revenue
₹221 Cr
FY 2025-26 · +6.4% YoY
EBITDA
₹18.45 Cr
Margin 8.3%
Net Profit
₹11.99 Cr
FY 2025-26 · -12.4% YoY
P/E (TTM)
19.1x
P/B 1.9x
ROE
10.6%
ROCE 14.1%
Debt / Equity
0.02
Interest cover 4.6x
About Ecoplast Limited
Data last updated:
Ecoplast Limited is a public limited company based in Valsad, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 07 May 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25200GJ1981PLC004375. Its GSTIN is 24AAACE5030H1Z6 (Gujarat). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526703.
The company has an authorised share capital of ₹10.25 Cr and a paid-up capital of ₹4.75 Cr. It was formerly known as Ecoplast Private Limited. It is led by directors including Jaymin Balwantrai Desai (Managing Director) and Atul Jai Kishandas Baijal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at N H Road No 8 Water Works Cross Road Abrama, Valsad, Gujarat, India – 396001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹221.08 Cr, a growth of 6.4% compared to the previous year. For the same year it recorded a net profit of ₹11.99 Cr (net margin 5.4%) and EBITDA of ₹18.45 Cr (EBITDA margin 8.3%). The net worth stands at ₹119.65 Cr (up 11.5% YoY). Total assets are valued at ₹124.3 Cr (up 11.6% YoY).
The company has about 132 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ecoplast Ltd.. As per MCA filings, the company has open charges of ₹63.45 Cr and satisfied charges of ₹42.44 Cr on record. Court records list 63 cases involving the company, including 20 filed by the company and 43 filed against it; 4 cases are pending. The company has 62 deals on record (62 market trades); the latest was in November 2024. Its 7 peer companies in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 4 smaller; the largest is Kusum Polyplast Private Limited with revenue of ₹144.3 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 469 overdue payments to 62 micro and small suppliers.
Ecoplast Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0000041). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecoplastindia.com.
Company details
CIN L25200GJ1981PLC004375
Registration Number 004375
Incorporation Date 07 May 1981
ROC Ahmedabad
Listing Status Listed - Listed on BSE (526703)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0000041
CIN history
Ecoplast has one previous CIN (Corporate Identification Number): U25200GJ1981PLC004375. The current CIN is L25200GJ1981PLC004375, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25200GJ1981PLC004375 | Current |
| U25200GJ1981PLC004375 | Previous |
Key People
Jaymin Balwantrai Desai Managing Director Atul Jai Kishandas Baijal Whole-Time Director Ravi Amulbhai Mehta Whole-Time Director Recognitions & Rankings of Ecoplast
Contact details
Ecoplast Limited's registered office is in Valsad, Gujarat. Its website is ecoplastindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressN H Road No 8 Water Works Cross Road Abrama, Valsad, Gujarat, India – 396001
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Ecoplast Limited, buy the company report.
Comprehensive company report
Ecoplast 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ecoplast operates one associated brand: Ecoplast Ltd.. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-layer co-extruded polyethylene and co-polymer films are produced and supplied. | ecoplastindia.com |
Business activity
The main business activity of Ecoplast 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 Ecoplast Limited, buy the company report.
Financials of Ecoplast Limited
FY 2025-26 filings availableEcoplast Limited reported revenue of ₹221.08 Cr (up 6.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹221 Cr
+6.4% YoY
EBITDA
₹18.45 Cr
-13.6% YoY
Profit After Tax
₹11.99 Cr
-12.4% YoY
Net Worth
₹120 Cr
+11.5% YoY
Total Assets
₹124 Cr
+11.6% YoY
Total Debt
₹1.99 Cr
+31.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 221 | 208 | 113 | 96.23 | 94.18 | 75.66 | 98.64 |
| Revenue growth | +6.4% | +83.2% | +17.9% | +2.2% | +24.5% | -23.3% | - |
| EBITDA | 18.45 | 21.36 | 12.97 | 5.64 | 0.30 | 3.32 | 6.98 |
| EBITDA margin | +8.4% | +10.3% | +11.4% | +5.9% | +0.3% | +4.4% | +7.1% |
| Profit before tax | 16.00 | 19.30 | 12.13 | 6.20 | (2.58) | 0.29 | 5.12 |
| Net profit | 11.99 | 13.69 | 9.11 | 2.90 | (1.45) | 0.20 | 3.51 |
| Net profit margin | +5.4% | +6.6% | +8.0% | +3.0% | -1.5% | +0.3% | +3.6% |
| EPS (₹) | 34.78 | 41.01 | 30.58 | 14.82 | (5.90) | 0.68 | 11.76 |
| Balance sheet | |||||||
| Total assets | 124 | 111 | 44.16 | 35.51 | 43.48 | 41.16 | 45.27 |
| Net worth | 120 | 107 | 41.96 | 33.31 | 28.70 | 31.74 | 31.91 |
| Total debt | 1.99 | 1.51 | 1.11 | 1.23 | 13.93 | 8.69 | 12.61 |
| Cash & bank | 9.48 | 17.81 | 10.04 | 2.66 | 1.00 | 0.46 | 0.43 |
| Net working capital | 50.72 | 55.17 | 25.96 | 19.57 | 24.85 | 23.16 | 26.12 |
| Cash flow | |||||||
| Cash from operations | (2.09) | 12.90 | 12.71 | 14.84 | (2.41) | 8.58 | 6.01 |
| Cash from investing | (6.12) | (28.02) | (3.44) | 0.53 | (1.51) | (1.19) | (7.90) |
| Cash from financing | (0.12) | 18.16 | (1.89) | (13.71) | 4.47 | (7.36) | 1.67 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.93 | 63.25 | 57.37 | 55.81 | 54.24 | 53.66 | 54.43 | 33.39 |
| Revenue growth (YoY) | +36.3% | +17.9% | +5.4% | +67.2% | +78.7% | +76.5% | - | - |
| Other income | 0.50 | 0.42 | 0.81 | 0.78 | 1.02 | 1.24 | 1.26 | 0.44 |
| EBITDA | 3.05 | 6.05 | 6.62 | 3.81 | 3.82 | 4.21 | 5.87 | 3.38 |
| EBITDA margin | +4.1% | +9.6% | +11.5% | +6.8% | +7.0% | +7.8% | +10.8% | +10.1% |
| Depreciation | 1.83 | 1.63 | 1.45 | 1.42 | 1.44 | 1.40 | 1.45 | 0.88 |
| Interest | 0.32 | 0.22 | 0.14 | 0.14 | 0.15 | 0.15 | 0.19 | 0.08 |
| Profit before tax | 1.40 | 4.62 | 5.84 | 3.03 | 3.25 | 3.90 | 5.49 | 2.86 |
| Tax | 0.58 | 1.30 | 1.30 | 0.82 | 0.89 | 0.97 | 1.48 | 0.73 |
| Net profit | 0.82 | 3.32 | 4.54 | 2.21 | 2.36 | 2.93 | 4.01 | 2.13 |
| EPS (₹) | 1.69 | 7.00 | 9.55 | 4.63 | 4.96 | 6.13 | 9.24 | 7.03 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 221 | 208 | 113 | 96.01 | 94.11 | 75.37 | 96.22 |
| Revenue growth | +6.4% | +83.2% | +18.2% | +2.0% | +24.9% | -21.7% | - |
| EBITDA | 18.48 | 21.42 | 13.13 | 5.65 | 0.28 | 3.26 | 6.87 |
| EBITDA margin | +8.4% | +10.3% | +11.6% | +5.9% | +0.3% | +4.3% | +7.1% |
| Profit before tax | 15.97 | 18.91 | 12.42 | 6.20 | (2.59) | 0.33 | 4.95 |
| Net profit | 11.96 | 13.80 | 9.40 | 2.90 | (1.46) | 0.23 | 3.39 |
| Net profit margin | +5.4% | +6.6% | +8.3% | +3.0% | -1.6% | +0.3% | +3.5% |
| EPS (₹) | 34.68 | 39.86 | 31.56 | 14.82 | (5.87) | 0.78 | 11.29 |
| Balance sheet | |||||||
| Total assets | 124 | 111 | 44.45 | 35.51 | 43.48 | 41.14 | 45.34 |
| Net worth | 120 | 107 | 42.25 | 33.31 | 28.70 | 31.74 | 31.98 |
| Total debt | 1.99 | 1.51 | 1.11 | 1.23 | 13.93 | 8.69 | 12.61 |
| Cash & bank | 8.46 | 16.83 | 9.96 | 2.63 | 1.00 | 0.44 | 0.29 |
| Net working capital | 49.66 | 54.14 | 25.32 | 18.85 | 24.13 | 22.39 | 25.36 |
| Cash flow | |||||||
| Cash from operations | (2.09) | 13.16 | 12.80 | 14.52 | (2.39) | 8.53 | 5.39 |
| Cash from investing | (6.17) | (29.18) | (3.57) | 0.53 | (1.52) | (1.03) | (7.11) |
| Cash from financing | (0.11) | 18.16 | (1.89) | (13.42) | 4.47 | (7.36) | 1.67 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.93 | 63.25 | 57.37 | 55.81 | 54.24 | 53.66 | 54.43 | 33.39 |
| Revenue growth (YoY) | +36.3% | +17.9% | +5.4% | +67.2% | +78.7% | +76.5% | - | - |
| Other income | 0.49 | 0.42 | 0.80 | 0.76 | 1.00 | 1.23 | 1.24 | 0.42 |
| Total expenses | 70.88 | 57.20 | 50.74 | 52.00 | 50.41 | 49.44 | 48.53 | 30.01 |
| EBITDA | 3.05 | 6.05 | 6.63 | 3.81 | 3.83 | 4.22 | 5.90 | 3.38 |
| EBITDA margin | +4.1% | +9.6% | +11.6% | +6.8% | +7.1% | +7.9% | +10.8% | +10.1% |
| Depreciation | 1.83 | 1.63 | 1.45 | 1.42 | 1.44 | 1.40 | 1.45 | 0.88 |
| Interest | 0.35 | 0.24 | 0.14 | 0.14 | 0.15 | 0.15 | 0.19 | 0.08 |
| Profit before tax | 1.36 | 4.60 | 5.84 | 3.01 | 3.24 | 3.90 | 5.50 | 2.84 |
| Tax | 0.58 | 1.30 | 1.30 | 0.82 | 0.89 | 0.97 | 1.48 | 0.73 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.93 | 63.25 | 57.37 | 55.81 | 54.24 | 53.66 | 54.43 | 33.39 |
| Revenue growth (YoY) | +36.3% | +17.9% | +5.4% | +67.2% | +78.7% | +76.5% | - | - |
| Other income | 0.50 | 0.42 | 0.81 | 0.78 | 1.02 | 1.24 | 1.26 | 0.44 |
| EBITDA | 3.05 | 6.05 | 6.62 | 3.81 | 3.82 | 4.21 | 5.87 | 3.38 |
| EBITDA margin | +4.1% | +9.6% | +11.5% | +6.8% | +7.0% | +7.8% | +10.8% | +10.1% |
| Depreciation | 1.83 | 1.63 | 1.45 | 1.42 | 1.44 | 1.40 | 1.45 | 0.88 |
| Interest | 0.32 | 0.22 | 0.14 | 0.14 | 0.15 | 0.15 | 0.19 | 0.08 |
| Profit before tax | 1.40 | 4.62 | 5.84 | 3.03 | 3.25 | 3.90 | 5.49 | 2.86 |
| Tax | 0.58 | 1.30 | 1.30 | 0.82 | 0.89 | 0.97 | 1.48 | 0.73 |
| Net profit | 0.82 | 3.32 | 4.54 | 2.21 | 2.36 | 2.93 | 4.01 | 2.13 |
| EPS (₹) | 1.69 | 7.00 | 9.55 | 4.63 | 4.96 | 6.13 | 9.24 | 7.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 221 | 208 | 113 | 96.23 | 94.18 | 75.66 | 98.64 |
| Revenue growth | +6.4% | +83.2% | +17.9% | +2.2% | +24.5% | -23.3% | - |
| Other income | 3.85 | 3.91 | 1.98 | 3.91 | 0.84 | 0.83 | 1.49 |
| Total expenses | 203 | 186 | 100 | 90.59 | 93.88 | 72.34 | 91.66 |
| Employee cost | 27.38 | 23.58 | 11.14 | 9.33 | 9.58 | 8.54 | 9.76 |
| EBITDA | 18.45 | 21.36 | 12.97 | 5.64 | 0.30 | 3.32 | 6.98 |
| EBITDA margin | +8.4% | +10.3% | +11.4% | +5.9% | +0.3% | +4.4% | +7.1% |
| Depreciation | 5.71 | 5.11 | 2.48 | 2.45 | 2.66 | 2.73 | 2.47 |
| Interest | 0.59 | 0.86 | 0.34 | 0.90 | 1.06 | 1.13 | 0.88 |
| Profit before tax | 16.00 | 19.30 | 12.13 | 6.20 | (2.58) | 0.29 | 5.12 |
| Tax | 3.99 | 5.14 | 2.96 | 1.75 | (0.82) | 0.09 | 1.60 |
| Net profit | 11.99 | 13.69 | 9.11 | 2.90 | (1.45) | 0.20 | 3.51 |
| Net profit margin | +5.4% | +6.6% | +8.0% | +3.0% | -1.5% | +0.3% | +3.6% |
| EPS (₹) | 34.78 | 41.01 | 30.58 | 14.82 | (5.90) | 0.68 | 11.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.45 | 3.45 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves & surplus | 116 | 104 | 38.96 | 30.31 | 25.70 | 28.74 | 28.91 |
| Shareholders' funds (net worth) | 120 | 107 | 41.96 | 33.31 | 28.70 | 31.74 | 31.91 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1.07 | 0.00 | 0.29 | 1.05 | 12.78 | 7.25 | 11.81 |
| Unsecured loans | 0.92 | 1.51 | 0.82 | 0.18 | 1.15 | 1.44 | 0.80 |
| Total debt | 1.99 | 1.51 | 1.11 | 1.23 | 13.93 | 8.69 | 12.61 |
| Total liabilities | 124 | 111 | 44.16 | 35.51 | 43.48 | 41.16 | 45.27 |
| Assets | |||||||
| Gross block | 100 | 84.59 | 33.03 | 30.42 | 29.30 | 27.75 | 28.58 |
| Net block | 46.16 | 35.02 | 15.96 | 14.80 | 15.79 | 16.57 | 17.96 |
| Capital work in progress | 6.19 | 0.80 | 0.48 | 0.08 | 0.02 | 0.65 | 0.64 |
| Investments | 3.00 | 18.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 24.47 | 22.01 | 12.45 | 10.45 | 13.02 | 10.23 | 10.50 |
| Sundry debtors | 31.40 | 31.93 | 10.65 | 11.96 | 20.00 | 20.17 | 20.78 |
| Cash & bank balances | 9.48 | 17.81 | 10.04 | 2.66 | 1.00 | 0.46 | 0.43 |
| Loans & advances | 4.28 | 2.89 | 2.85 | 2.76 | 2.25 | 2.15 | 2.82 |
| Total current assets | 69.63 | 74.64 | 35.99 | 27.83 | 36.27 | 33.01 | 34.53 |
| Total current liabilities | 18.91 | 19.47 | 10.03 | 8.26 | 11.42 | 9.85 | 8.41 |
| Net working capital | 50.72 | 55.17 | 25.96 | 19.57 | 24.85 | 23.16 | 26.12 |
| Total assets | 124 | 111 | 44.16 | 35.51 | 43.48 | 41.16 | 45.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 17.81 | 14.77 | 2.66 | 1.00 | 0.46 | 0.43 | 0.65 |
| Net cash from operating activities | (2.09) | 12.90 | 12.71 | 14.84 | (2.41) | 8.58 | 6.01 |
| Net cash from investing activities | (6.12) | (28.02) | (3.44) | 0.53 | (1.51) | (1.19) | (7.90) |
| Net cash from financing activities | (0.12) | 18.16 | (1.89) | (13.71) | 4.47 | (7.36) | 1.67 |
| Net change in cash | (8.33) | 3.04 | 7.38 | 1.66 | 0.54 | 0.02 | (0.22) |
| Closing cash | 9.48 | 17.81 | 10.04 | 2.66 | 1.00 | 0.46 | 0.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.4% | +83.2% | +17.9% | +2.2% | +24.5% | -23.3% | - |
| EBITDA growth | -13.6% | +64.7% | +130.0% | +1780.0% | -91.0% | -52.4% | - |
| PBT growth | -17.1% | +59.1% | +95.7% | +9998.0% | - | -94.3% | +43.4% |
| Net income growth | -12.4% | +50.3% | +214.1% | +300.0% | -825.0% | -94.3% | - |
| Revenue CAGR (3Y) | +32.0% | +30.2% | +14.5% | -0.8% | -2.5% | -10.0% | -2.1% |
| EBITDA CAGR (3Y) | +48.5% | +314.5% | +57.5% | -6.9% | -64.4% | -22.1% | -0.4% |
| Profitability & leverage | |||||||
| Net income margin | +5.4% | +6.8% | +8.1% | +4.6% | -1.9% | +0.3% | +3.6% |
| Return on capital employed | +14.1% | +25.9% | +31.3% | +12.4% | -2.9% | +3.3% | +14.2% |
| Return on net worth | +10.6% | +19.0% | +24.4% | +9.4% | -4.8% | +0.6% | +11.6% |
| Debt / equity | 0.02 | 0.02 | 0.03 | 0.24 | 0.37 | 0.33 | 0.36 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.05 | 0.13 | 0.13 | 0.07 |
| Interest cover | 4.63 | 5.29 | 3.24 | 28.21 | -44.92 | 191.53 | 19.51 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.39 | 3.53 | 3.58 | 3.22 | 3.30 | 2.69 | 4.03 |
| Inventory turnover | 9.51 | 12.06 | 9.91 | 8.20 | 8.10 | 7.30 | 8.68 |
| Debtors turnover | 6.98 | 9.76 | 10.03 | 6.02 | 4.69 | 3.70 | 5.23 |
| EPS (₹) | 34.78 | 41.01 | 30.58 | 14.82 | (5.90) | 0.68 | 11.76 |
| Dividend per share (₹) | 0.00 | 0.00 | 3.00 | 1.50 | 0.00 | 0.00 | 1.50 |
| Book value per share (₹) | 346.38 | 310.69 | 139.86 | 111.02 | 95.65 | 105.79 | 106.37 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.93 | 63.25 | 57.37 | 55.81 | 54.24 | 53.66 | 54.43 | 33.39 |
| Revenue growth (YoY) | +36.3% | +17.9% | +5.4% | +67.2% | +78.7% | +76.5% | - | - |
| Other income | 0.49 | 0.42 | 0.80 | 0.76 | 1.00 | 1.23 | 1.24 | 0.42 |
| Total expenses | 70.88 | 57.20 | 50.74 | 52.00 | 50.41 | 49.44 | 48.53 | 30.01 |
| EBITDA | 3.05 | 6.05 | 6.63 | 3.81 | 3.83 | 4.22 | 5.90 | 3.38 |
| EBITDA margin | +4.1% | +9.6% | +11.6% | +6.8% | +7.1% | +7.9% | +10.8% | +10.1% |
| Depreciation | 1.83 | 1.63 | 1.45 | 1.42 | 1.44 | 1.40 | 1.45 | 0.88 |
| Interest | 0.35 | 0.24 | 0.14 | 0.14 | 0.15 | 0.15 | 0.19 | 0.08 |
| Profit before tax | 1.36 | 4.60 | 5.84 | 3.01 | 3.24 | 3.90 | 5.50 | 2.84 |
| Tax | 0.58 | 1.30 | 1.30 | 0.82 | 0.89 | 0.97 | 1.48 | 0.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 221 | 208 | 113 | 96.01 | 94.11 | 75.37 | 96.22 |
| Revenue growth | +6.4% | +83.2% | +18.2% | +2.0% | +24.9% | -21.7% | - |
| Other income | 3.79 | 3.46 | 2.18 | 3.90 | 0.85 | 0.93 | 1.35 |
| Total expenses | 203 | 186 | 100 | 90.36 | 93.83 | 72.11 | 89.35 |
| Employee cost | 27.38 | 23.57 | 11.11 | 9.27 | 9.53 | 8.49 | 9.57 |
| EBITDA | 18.48 | 21.42 | 13.13 | 5.65 | 0.28 | 3.26 | 6.87 |
| EBITDA margin | +8.4% | +10.3% | +11.6% | +5.9% | +0.3% | +4.3% | +7.1% |
| Depreciation | 5.71 | 5.11 | 2.48 | 2.45 | 2.66 | 2.73 | 2.39 |
| Interest | 0.59 | 0.86 | 0.41 | 0.90 | 1.06 | 1.13 | 0.88 |
| Profit before tax | 15.97 | 18.91 | 12.42 | 6.20 | (2.59) | 0.33 | 4.95 |
| Tax | 3.99 | 5.13 | 2.96 | 1.75 | (0.82) | 0.10 | 1.56 |
| Net profit | 11.96 | 13.80 | 9.40 | 2.90 | (1.46) | 0.23 | 3.39 |
| Net profit margin | +5.4% | +6.6% | +8.3% | +3.0% | -1.6% | +0.3% | +3.5% |
| EPS (₹) | 34.68 | 39.86 | 31.56 | 14.82 | (5.87) | 0.78 | 11.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.45 | 3.45 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves & surplus | 116 | 104 | 39.25 | 30.31 | 25.70 | 28.74 | 28.98 |
| Shareholders' funds (net worth) | 120 | 107 | 42.25 | 33.31 | 28.70 | 31.74 | 31.98 |
| Secured loans | 1.07 | 0.00 | 0.29 | 1.05 | 12.78 | 7.25 | 11.81 |
| Unsecured loans | 0.92 | 1.51 | 0.82 | 0.18 | 1.15 | 1.44 | 0.80 |
| Total debt | 1.99 | 1.51 | 1.11 | 1.23 | 13.93 | 8.69 | 12.61 |
| Total liabilities | 124 | 111 | 44.45 | 35.51 | 43.48 | 41.14 | 45.34 |
| Assets | |||||||
| Gross block | 100 | 84.59 | 32.15 | 29.54 | 28.42 | 26.87 | 25.85 |
| Net block | 46.16 | 35.02 | 15.96 | 14.80 | 15.79 | 16.57 | 18.06 |
| Capital work in progress | 6.19 | 0.80 | 0.48 | 0.08 | 0.02 | 0.65 | 0.64 |
| Investments | 3.93 | 19.00 | 0.93 | 0.73 | 0.73 | 0.75 | 0.68 |
| Inventories | 24.47 | 22.01 | 12.45 | 10.45 | 12.93 | 10.22 | 10.50 |
| Sundry debtors | 31.40 | 31.93 | 10.65 | 11.96 | 20.06 | 20.17 | 20.78 |
| Cash & bank balances | 8.46 | 16.83 | 9.96 | 2.63 | 1.00 | 0.44 | 0.29 |
| Loans & advances | 4.24 | 2.84 | 2.28 | 2.03 | 1.50 | 1.39 | 2.08 |
| Total current assets | 68.57 | 73.61 | 35.34 | 27.07 | 35.49 | 32.22 | 33.65 |
| Total current liabilities | 18.91 | 19.47 | 10.02 | 8.22 | 11.36 | 9.83 | 8.29 |
| Net working capital | 49.66 | 54.14 | 25.32 | 18.85 | 24.13 | 22.39 | 25.36 |
| Total assets | 124 | 111 | 44.45 | 35.51 | 43.48 | 41.14 | 45.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.83 | 14.69 | 2.63 | 1.00 | 0.44 | 0.29 | 0.34 |
| Net cash from operating activities | (2.09) | 13.16 | 12.80 | 14.52 | (2.39) | 8.53 | 5.39 |
| Net cash from investing activities | (6.17) | (29.18) | (3.57) | 0.53 | (1.52) | (1.03) | (7.11) |
| Net cash from financing activities | (0.11) | 18.16 | (1.89) | (13.42) | 4.47 | (7.36) | 1.67 |
| Net change in cash | (8.37) | 2.14 | 7.34 | 1.63 | 0.56 | 0.15 | (0.05) |
| Closing cash | 8.46 | 16.83 | 9.96 | 2.63 | 1.00 | 0.44 | 0.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.4% | +83.2% | +18.2% | +2.0% | +24.9% | -21.7% | - |
| EBITDA growth | -13.7% | +63.1% | +132.4% | +1917.9% | -91.4% | -52.6% | - |
| PBT growth | -15.6% | +52.3% | +100.3% | +9998.0% | - | -93.3% | +26.0% |
| Net income growth | -13.3% | +46.8% | +224.1% | +298.6% | -734.8% | -93.2% | - |
| Revenue CAGR (3Y) | +32.1% | +30.2% | +14.6% | -0.1% | +0.5% | -7.7% | +0.0% |
| EBITDA CAGR (3Y) | +48.4% | +324.5% | +59.1% | -6.3% | -64.9% | -20.3% | +5.3% |
| Profitability & leverage | |||||||
| Net income margin | +5.4% | +6.6% | +8.3% | +4.6% | -1.9% | +0.3% | +3.5% |
| Return on capital employed | +14.1% | +25.4% | +32.1% | +12.4% | -2.8% | +3.4% | +13.8% |
| Return on net worth | +10.6% | +18.4% | +25.1% | +9.4% | -4.8% | +0.8% | +11.1% |
| Debt / equity | 0.02 | 0.02 | 0.03 | 0.24 | 0.37 | 0.33 | 0.35 |
| Long-term debt / equity | 0.01 | 0.01 | 0.01 | 0.05 | 0.13 | 0.13 | 0.07 |
| Interest cover | 4.62 | 5.27 | 3.85 | 28.13 | -44.54 | 213.21 | 19.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.39 | 3.56 | 3.68 | 3.31 | 3.40 | 2.86 | 4.46 |
| Inventory turnover | 9.51 | 12.06 | 9.91 | 8.21 | 8.13 | 7.28 | 8.66 |
| Debtors turnover | 6.98 | 9.76 | 10.03 | 6.00 | 4.68 | 3.68 | 5.14 |
| EPS (₹) | 34.68 | 39.86 | 31.56 | 14.82 | (5.87) | 0.78 | 11.29 |
| Dividend per share (₹) | 0.00 | 0.00 | 3.00 | 1.50 | 0.00 | 0.00 | 1.50 |
| Book value per share (₹) | 345.99 | 310.40 | 140.84 | 111.02 | 95.65 | 105.79 | 106.59 |
To see the full year-wise statements and ratios of Ecoplast Limited, buy the company report.
Board of directors of Ecoplast Limited
Ecoplast has 10 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Jai Kishandas Baijal Also directs: Synergy Films Private Limited | Whole-Time Director | 11 Feb 2021 | 5 Years 8 Months | Current |
| Charulata Nitin Patel Also directs: Kunal Plastics Private Limited | Director | 08 Nov 2014 | 11 Years 11 Months | Current |
| Jaymin Balwantrai Desai Also directs: Coveris Techno Consultants LLP | Managing Director | 23 Jun 1990 | 36 Years 4 Months | Current |
| Priyal Saurabh Vora Also directs: White Knight Advisors LLP | Director | 01 Jun 2025 | 1 Years 5 Months | Current |
| Bikash Ranjan Tarafdar Also directs: Uktmp Bharat Private Limited | Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Jay Ketan Shroff Also directs: Giridev Investment Private Limited | Director | 01 Jun 2024 | 2 Years 5 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Ecoplast Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Films and Foils), 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 |
|---|---|---|---|---|---|---|
| Ecoplast Limitedthis company | ₹221.08 Cr (FY 2026) | ₹11.99 Cr | 5.4% | 6.4% | 132 | Valsad, Gujarat, India |
| Kusum Polyplast Private Limited | ₹144.3 Cr (FY 2025) | 111.0% | Ahmedabad, Gujarat, India | |||
| Girdhar Roll Wrap Limited | ₹137.41 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Rahil (CPP) Films Private Limited | ₹134.2 Cr (FY 2025) | 18.0% | Shapar Veraval, Gujarat, India | |||
| Clear Polyplast India Private Limited | ₹128.87 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Devendran Plastic Private Limited | ₹123.62 Cr (FY 2024) | -10.0% | Coimbatore, Tamil Nadu, India | |||
| Bagla Polifilms Limited | ₹121.66 Cr (FY 2025) | 41.0% | Kolkata, West Bengal, India | |||
| Avika Polyfilms Private Limited | ₹121.24 Cr (FY 2025) | 177.0% | Delhi, India |
To see the full peer comparison of Ecoplast Limited, buy the company report.
Auditor
Ecoplast Limited is audited by Y.B. DESAI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y.B. DESAI & ASSOCIATES | FY 2023 | 102368W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 64.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.20%.
Mar 2026
QUARTER
64.80% Promoters
35.20% Retail & Others
Promoter holding - history
Now 64.80% · Mar 2026High 64.80% · Jun 2025Low 64.80% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 64.80% | 64.80% | 64.80% | 64.80% |
| Public | 35.20% | 35.20% | 35.20% | 35.20% |
Charges & borrowings
Open charges
₹63.45 Cr
Satisfied charges
₹42.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2007 | 10048419 | Others | ₹49.5 Cr | Open | |
| 23 Aug 2004 | 80044679 | State Bank of India | ₹13.95 Cr | Open | |
| 05 Apr 2023 | 100701835 | Others | ₹23 Lakh | Satisfied | |
| 15 Jan 2020 | 100317612 | Axis Bank Limited | ₹44.95 Lakh | Satisfied | |
| 15 May 2004 | 90111761 | Union Bank of India | ₹1.33 Cr | Satisfied |
To see the full charge records of Ecoplast Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Ecoplast Limited has 62 deals on record (62 market trades); the latest was in November 2024.
Total deals
62
Market trades
62
Deals on record (5 of 62)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Market trade | ₹1.9 Cr | Seller: Kunal Plastics Private Limited |
| Aug 2024 | Market trade | ₹1.18 Cr | Buyer: Counter Cyclical Investments Private Limited |
| Oct 2017 | Market trade | ₹18.3 Lakh | Seller: Arcadia Share and Stock Brokers Private Limited |
| Oct 2017 | Market trade | ₹36.2 Lakh | Buyer: Arcadia Share and Stock Brokers Private Limited Seller: Arcadia Share and Stock Brokers Private Limited |
| Aug 2017 | Market trade | ₹54.2 Lakh | Buyer: MMD Securities Private Limited Seller: an individual |
To see the full deal history of Ecoplast Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ecoplast Limited has 63 court cases on record: 20 filed by Ecoplast, 43 filed against it. 4 cases are pending and 59 are disposed.
Total cases
63
Filed by the company
20
Filed against the company
43
Pending
4
Disposed
59
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 37 | 0 |
| High courts | 10 | 6 | 4 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Civil suit | Filed by the company against M/S Aldura Industries Pvt.Ltd | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed by the company against M/S G.M Alloys Pvt.Ltd and 1 other | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (S.C.S.) | Filed against the company by Bankim Plast Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against SPL Technochem Ltd and Ors. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against 1 Mars Print Pack Pvt Ltd | Disposed |
To see the full case history of Ecoplast Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ecoplast Limited was last rated by Crisil on 25 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Nov 2020 |
To see the full credit ratings and regulatory alerts of Ecoplast Limited, buy the company report.
MSME payment delays
Ecoplast Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 469 overdue payments to 62 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Kasv Logistic Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Reliable Packaging |
To see the full MSME payment records of Ecoplast Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ecoplast has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Synergy Films Private Limited | U25206AS2007PTC008292 |
To see the full group structure of Ecoplast Limited, buy the company report.
Employees & EPFO
Ecoplast Limited has a workforce of 132 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
132
Active EPFO establishments
1
GST
Ecoplast has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE5030H1Z6 | Gujarat | Active | 01 Jul 2017 |
| 27AAACE5030H2ZZ | Maharashtra | Active | 30 Aug 2020 |
To see the full GST registrations and return filing status of Ecoplast Limited, buy the company report.
Recent activity
Ecoplast Limited has 34 board changes on record since 1981: 23 appointments and 11 cessations. The latest: Jayesh Jashvantlal Shah was appointed as Director on 01 Jan 2026.
Filing
Ecoplast Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 49.50 Cr registered on 12 Mar 2007 with Charge ID 10048419 was modified on 30 Mar 2026.
Appointed
Jayesh Jashvantlal Shah was appointed as Director.
Ceased
Dhananjay Thakorbhai Desai ceased to be Director.
AGM
Ecoplast Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Appointed
Priyal Saurabh Vora was appointed as Director.
Charges
A charge registered on 15 Jan 2020 via Charge ID 100317612 with Axis Bank Limited was fully satisfied on 11 Jan 2025.
Charges
A charge with State Bank Of India of Rs. 13.95 Cr registered on 23 Aug 2004 with Charge ID 80044679 was modified on 23 Sep 2024.
Ceased
Bhupendra Maganlal Desai ceased to be Director.
Ceased
Mukul Bharatkumar Desai ceased to be Director.
Appointed
Aditya Nitinkumar Patel was appointed as Whole-Time Director.
Appointed
Bikash Ranjan Tarafdar was appointed as Director.
66 earlier events are in the company report.
Frequently asked questions
Ecoplast is an active public limited company based in Valsad, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 07 May 1981 (45+ years old) and is registered under CIN L25200GJ1981PLC004375. Listed on BSE: 526703.
Ecoplast reported revenue of ₹221.08 Cr for FY 2025-26 (up 6.4% YoY) based on consolidated financials.
Ecoplast has 10 current directors:
- Jaymin Balwantrai Desai - Managing Director
- Atul Jai Kishandas Baijal - Whole-Time Director
- Ravi Amulbhai Mehta - Whole-Time Director
- Aditya Nitinkumar Patel - Whole-Time Director
- Charulata Nitin Patel - Director
- Priyal Saurabh Vora - Director
- Bikash Ranjan Tarafdar - Director
- Jay Ketan Shroff - Director
- Monil Vijay Shah - Director
- Jayesh Jashvantlal Shah - Director
The latest financial statements of Ecoplast on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ecoplast is 24AAACE5030H1Z6, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACE5030H2ZZ (Maharashtra).
The CIN (Corporate Identification Number) of Ecoplast is L25200GJ1981PLC004375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ecoplast is a listed company as per MCA records. Its shares are listed on BSE (code: 526703).
Ecoplast has 63 court cases on record: 20 filed by the company and 43 filed against it. 4 are pending. Most are in the district courts.
Ecoplast was incorporated on 07 May 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ecoplast has 62 deals on record (62 market trades); the latest was in November 2024.
The peers of Ecoplast by revenue are Kusum Polyplast Private Limited, Girdhar Roll Wrap Limited, Rahil (CPP) Films Private Limited, Clear Polyplast India Private Limited, Devendran Plastic Private Limited and 2 more, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Jayesh Jashvantlal Shah was appointed as Director on 01 Jan 2026. Dhananjay Thakorbhai Desai ceased to be Director on 11 Sep 2025. Priyal Saurabh Vora was appointed as Director on 01 Jun 2025. Ecoplast has 34 board changes on record in total.
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