About MPL Plastics Limited
Data last updated:
MPL Plastics Limited is a public limited company based in Mira Road, Maharashtra, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 01 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L25209MH1992PLC066635. Its GSTIN is 27AAACM4047Q2Z1 (Maharashtra). The company holds 7 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526143.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12.5 Cr. It was formerly known as Milton Plastics Limited. It is led by directors including Madhup Bansilal Vaghani (Whole-Time Director) and Gopal Ajay Malpani.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mira Road, Maharashtra.
Total assets are valued at ₹99 Lakh (up 45.6% YoY).
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: MPL Plastics Ltd.. As per MCA filings, the company has satisfied charges of ₹144.21 Cr on record. Court records list 89 cases involving the company, including 34 filed by the company and 55 filed against it; 25 cases are pending. The company has 28 deals on record (23 market trades, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹6.48 Cr; the latest was in August 2026. The company has 5 MSME Form 1 returns on record between 2018 and 2020, listing 22 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mplindia.in.
Company details
CIN history
MPL Plastics has one previous CIN (Corporate Identification Number): U25209MH1992PLC066635. The current CIN is L25209MH1992PLC066635, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209MH1992PLC066635 | Current |
| U25209MH1992PLC066635 | Previous |
Contact details
MPL Plastics Limited's registered office is in Mira Road, Maharashtra. Its website is mplindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 Ashish Warehouse Punjab Foundry Indl Est. Nr.Classic Studio Mira Bhayander Road K, Ashimira, Mira Road, Maharashtra, India – 401104
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of MPL Plastics Limited, buy the company report.
- 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
Brands
MPL Plastics operates one associated brand: MPL Plastics Ltd.. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| MPL Plastics Ltd. is engaged in manufacturing plastic products. | mplindia.in |
Financials of MPL Plastics Limited
FY 2025-26 filings availableMPL Plastics Limited reported revenue of ₹- for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.03 | 4.05 |
| Revenue growth | - | - | -100.0% | - | -100.0% | -99.3% | - |
| EBITDA | (0.56) | (0.54) | (0.86) | (1.73) | (6.14) | (0.75) | (2.56) |
| EBITDA margin | - | - | - | - | - | -2500.0% | -63.2% |
| Profit before tax | (0.17) | (0.47) | 11.25 | 0.86 | 177 | (0.67) | (2.31) |
| Net profit | (0.17) | (0.47) | (1.31) | 1.50 | (4.89) | (0.65) | (2.25) |
| Net profit margin | - | - | - | - | - | -2166.7% | -55.6% |
| EPS (₹) | (0.14) | (0.38) | 7.26 | 3.30 | 130.70 | (0.54) | (1.86) |
| Balance sheet | |||||||
| Total assets | 0.99 | 0.68 | 0.86 | (9.88) | (13.95) | 4.92 | 5.51 |
| Net worth | (3.69) | (3.53) | (3.05) | (12.13) | (16.26) | (180) | (179) |
| Total debt | 3.92 | 3.45 | 3.15 | 1.49 | 1.17 | 182 | 182 |
| Cash & bank | 0.24 | 0.25 | 0.54 | 1.10 | 0.31 | 0.54 | 0.77 |
| Net working capital | (0.41) | (0.73) | (0.68) | (12.11) | (17.03) | 1.74 | 2.01 |
| Cash flow | |||||||
| Cash from operations | (0.49) | (0.60) | (15.38) | (0.28) | 182 | (0.25) | 0.18 |
| Cash from investing | 0.01 | 0.00 | 12.81 | 0.78 | 0.01 | 0.04 | 0.07 |
| Cash from financing | 0.48 | 0.31 | 2.00 | 0.31 | (182) | 0.03 | 0.02 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.32 | 0.07 | 0.01 | 0.00 | 0.06 | 0.00 | 0.00 |
| Total expenses | 0.13 | 0.16 | 0.13 | 0.13 | 0.16 | 0.19 | 0.15 | 0.11 |
| EBITDA | (0.13) | (0.16) | (0.13) | (0.13) | (0.16) | (0.19) | (0.15) | (0.11) |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.13) | 0.16 | (0.06) | (0.12) | (0.16) | (0.13) | (0.15) | (0.11) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.32 | 0.07 | 0.01 | 0.00 | 0.06 | 0.00 | 0.00 |
| Total expenses | 0.13 | 0.16 | 0.13 | 0.13 | 0.16 | 0.19 | 0.15 | 0.11 |
| EBITDA | (0.13) | (0.16) | (0.13) | (0.13) | (0.16) | (0.19) | (0.15) | (0.11) |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.13) | 0.16 | (0.06) | (0.12) | (0.16) | (0.13) | (0.15) | (0.11) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.03 | 4.05 |
| Revenue growth | - | - | -100.0% | - | -100.0% | -99.3% | - |
| Other income | 0.39 | 0.07 | 12.16 | 2.70 | 183 | 0.30 | 0.46 |
| Total expenses | 0.56 | 0.54 | 0.86 | 1.74 | 6.14 | 0.78 | 6.61 |
| Employee cost | 0.19 | 0.14 | 0.21 | 0.29 | 0.28 | 0.48 | 2.07 |
| EBITDA | (0.56) | (0.54) | (0.86) | (1.73) | (6.14) | (0.75) | (2.56) |
| EBITDA margin | - | - | - | - | - | -2500.0% | -63.2% |
| Depreciation | 0.00 | 0.00 | 0.04 | 0.10 | 0.11 | 0.22 | 0.21 |
| Interest | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.17) | (0.47) | 11.25 | 0.86 | 177 | (0.67) | (2.31) |
| Tax | 0.00 | 0.00 | 2.18 | (3.26) | 13.84 | 0.00 | 0.00 |
| Net profit | (0.17) | (0.47) | (1.31) | 1.50 | (4.89) | (0.65) | (2.25) |
| Net profit margin | - | - | - | - | - | -2166.7% | -55.6% |
| EPS (₹) | (0.14) | (0.38) | 7.26 | 3.30 | 130.70 | (0.54) | (1.86) |
| 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 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 |
| Reserves & surplus | (16.19) | (16.03) | (15.55) | (24.63) | (28.76) | (192) | (192) |
| Shareholders' funds (net worth) | (3.69) | (3.53) | (3.05) | (12.13) | (16.26) | (180) | (179) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.34 | 0.34 | 80.51 | 159 |
| Unsecured loans | 3.92 | 3.45 | 3.15 | 1.15 | 0.83 | 102 | 23.11 |
| Total debt | 3.92 | 3.45 | 3.15 | 1.49 | 1.17 | 182 | 182 |
| Total liabilities | 0.99 | 0.68 | 0.86 | (9.88) | (13.95) | 4.92 | 5.51 |
| Assets | |||||||
| Gross block | 0.41 | 0.40 | 0.40 | 2.10 | 3.12 | 3.12 | 3.18 |
| Net block | 0.14 | 0.13 | 0.13 | 0.91 | 1.80 | 1.91 | 2.18 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.03 | 1.04 | 0.99 | 0.96 | 0.93 | 0.93 | 0.90 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.24 | 0.25 | 0.54 | 1.10 | 0.31 | 0.54 | 0.77 |
| Loans & advances | 0.66 | 0.66 | 0.42 | 0.92 | 0.95 | 3.10 | 3.08 |
| Total current assets | 0.90 | 0.91 | 0.96 | 2.02 | 1.26 | 3.64 | 3.87 |
| Total current liabilities | 1.31 | 1.64 | 1.64 | 14.13 | 18.29 | 1.90 | 1.86 |
| Net working capital | (0.41) | (0.73) | (0.68) | (12.11) | (17.03) | 1.74 | 2.01 |
| Total assets | 0.99 | 0.68 | 0.86 | (9.88) | (13.95) | 4.92 | 5.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.06 | 0.34 | 0.91 | 0.10 | 0.20 | 0.38 | 0.11 |
| Net cash from operating activities | (0.49) | (0.60) | (15.38) | (0.28) | 182 | (0.25) | 0.18 |
| Net cash from investing activities | 0.01 | 0.00 | 12.81 | 0.78 | 0.01 | 0.04 | 0.07 |
| Net cash from financing activities | 0.48 | 0.31 | 2.00 | 0.31 | (182) | 0.03 | 0.02 |
| Net change in cash | 0.00 | (0.29) | (0.57) | 0.81 | (0.10) | (0.18) | 0.27 |
| Closing cash | 0.24 | 0.25 | 0.54 | 1.10 | 0.31 | 0.54 | 0.77 |
| 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 | - | - | -100.0% | - | -100.0% | -99.3% | - |
| EBITDA growth | -3.7% | +37.2% | +50.3% | +71.8% | -718.7% | +70.7% | - |
| PBT growth | +63.8% | - | +1208.1% | -99.5% | +9998.0% | +71.0% | +26.4% |
| Net income growth | +63.8% | +64.1% | -187.3% | +130.7% | -652.3% | +71.1% | - |
| Revenue CAGR (3Y) | -100.0% | - | -100.0% | -86.5% | -100.0% | -88.9% | -42.5% |
| EBITDA CAGR (3Y) | -31.3% | -55.5% | +4.7% | -12.3% | +27.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | - | - | -2233.3% | -57.0% |
| Return on capital employed | 0.0% | 0.0% | -2.9% | -4.1% | -20.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | -3.2% | +3.7% | +7.1% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | -1.11 | -0.55 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 1.25 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 31.23 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.61 |
| EPS (₹) | (0.14) | (0.38) | 7.26 | 3.30 | 130.70 | (0.54) | (1.86) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (2.96) | (2.83) | (2.44) | (9.71) | (13.01) | (143.72) | (143.25) |
To see the full year-wise statements and ratios of MPL Plastics Limited, buy the company report.
Board of directors of MPL Plastics Limited
MPL Plastics has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhup Bansilal Vaghani | Whole-Time Director | 01 May 1992 | 34 Years 5 Months | Current |
| Gopal Ajay Malpani | Director | 11 Apr 2022 | 4 Years 6 Months | Current |
| Radhika Sameer Rane Also directs: Ira Drinks Private Limited, Vartak Domestic Appliances Private Limited, Soprano Holdings Company Private Limited and 5 more | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Devendra Kumar Negi | Director | 30 Sep 2022 | 4 Years 0 Months | Current |
Auditor
MPL Plastics Limited is audited by Jain Vinay & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Vinay & Associates | FY 2023 | 006649W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 24.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 76.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 24.00% | 24.00% | 24.00% | 24.00% |
| Public | 76.00% | 76.00% | 76.00% | 76.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 1999 | 80059280 | Industrial Development Bank of India | ₹5 Cr | Satisfied | |
| 14 Sep 1999 | 80042826 | Itz Online Financial Services Private Limited | ₹2 Cr | Satisfied | |
| 18 Feb 1999 | 80042830 | Industrial Development Bank of India | ₹5 Cr | Satisfied | |
| 12 Feb 1999 | 80042832 | Dena Bank | ₹2 Cr | Satisfied | |
| 26 Jun 1998 | 80043635 | Ifci Limited | ₹10 Cr | Satisfied |
To see the full charge records of MPL Plastics Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
MPL Plastics Limited has 28 deals on record (23 market trades, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹6.48 Cr; the latest was in August 2026.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Market trade | ₹20.4 Lakh | Buyer: Ayush Fintrex Pvt.Ltd. |
| Apr 2016 | Market trade | ₹40.7 Lakh | Buyer: Findoc Investmart Private Limited |
| Oct 2015 | Market trade | ₹35.7 Lakh | Seller: Faithful Vanijya Private Limited |
| Oct 2015 | Market trade | ₹38.2 Lakh | Seller: Faithful Vanijya Private Limited |
| Aug 2015 | Market trade | ₹3.68 Cr | Buyer: Faithful Vanijya Private Limited , Nusarwar Merchants Pvt Ltd Seller: Subhkam Ventures (I) Private Limited , Nusarwar Merchants Pvt Ltd |
To see the full deal history of MPL Plastics 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
MPL Plastics Limited has 89 court cases on record: 34 filed by MPL Plastics, 55 filed against it. 25 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 44 | 19 |
| District courts | 26 | 11 | 6 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Milton Global Ltd | Pending |
| Bombay High Court | Court case (ARAPP) | Filed against the company by Hamilton Housewares Private Limited | Pending |
| Bombay High Court | Court case (ARAPP) | Filed against the company by Milton Global Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Hamilton Housewares Pvt Ltd | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Subhkam Ventures I Pvt Ltd and 1 other | Pending |
To see the full case history of MPL Plastics 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.
MSME payment delays
MPL Plastics Limited has 5 MSME Form 1 returns on record between 2018 and 2020, listing 22 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mehta Chokshi & Shah LLP |
To see the full MSME payment records of MPL Plastics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MPL Plastics Limited has a workforce of 1 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
MPL Plastics has 7 GST registrations: 3 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4047Q2Z1 | Maharashtra | Active | 17 Oct 2017 |
| 27AAACM4047Q3Z0 | Maharashtra | Active | 24 Sep 2019 |
| 26AAACM4047Q1Z4 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MPL Plastics Limited, buy the company report.
Recent activity
MPL Plastics Limited has 17 board changes on record since 1992: 11 appointments and 6 cessations. The latest: Pankaj Bhogilal Bhaya was appointed as CFO on 09 Jun 2025.
89 earlier events are in the company report.
Frequently asked questions
MPL Plastics is an active public limited company based in Mira Road, Maharashtra, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 01 May 1992 (34+ years old) and is registered under CIN L25209MH1992PLC066635. Listed on BSE: 526143.
MPL Plastics has 4 current directors:
- Madhup Bansilal Vaghani - Whole-Time Director
- Gopal Ajay Malpani - Director
- Radhika Sameer Rane - Director
- Devendra Kumar Negi - Director
The latest financial statements of MPL Plastics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MPL Plastics is 27AAACM4047Q2Z1, registered in Maharashtra. The company has 7 GST registrations in all, of which 3 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACM4047Q3Z0 (Maharashtra), 26AAACM4047Q1Z4 (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of MPL Plastics is L25209MH1992PLC066635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. MPL Plastics is a listed company as per MCA records. Its shares are listed on BSE (code: 526143).
MPL Plastics has 89 court cases on record: 34 filed by the company and 55 filed against it. 25 are pending. Most are in the high courts.
MPL Plastics was incorporated on 01 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
MPL Plastics has 28 deals on record (23 market trades, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹6.48 Cr; the latest was in August 2026.
Pankaj Bhogilal Bhaya was appointed as CFO on 09 Jun 2025. Devendra Kumar Negi was appointed as Director on 30 Sep 2022. Viren Vasantrai Bhimani ceased to be Director on 29 Sep 2022. MPL Plastics has 17 board changes on record in total.
MPL Plastics has 5 MSME Form 1 returns on record between 2018 and 2020, listing 22 overdue payments to 1 micro and small supplier. The latest return was filed on 12 Aug 2020.