About Mitsu Chem Plast Ltd.
Mitsu Chem Plast Ltd. (NSE: MITSU and BSE: 540078) engages in the manufacture of plastic blow-molded and injection-molded products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2016-09-09. The firm’s container product group includes blow-molded and injection molded products, ranging from 100 milliliters (ml) to 250 ml, which includes bottles, jerry cans and drums. Its hospital furniture parts product group includes hospital bed parts, hospital bed accessories, side trolleys, safety equipment, accessories, actuators, overbed tables and spine board, among others. Its automotive product group consists of air intake duct, rain hood plastic, washer tanks, air conditioner (AC) ducting pipe and water tanks, among others. Its other product group consists of blow-molded chairs and medical devices, such as pregnancy kit, malaria kit and human immunodeficiency virus (HIV) kit. Its molded industrial packaging products include full open top drum, jerry cans and narrow mouth drums, among others.
The company continues to expand through product innovation, with recent launches including lubricant pails and new cap variants (GL 45 and TSV caps). Founded over 35 years ago, Mitsu Chem Plast began operations in Boisar, Tarapur, and now runs three manufacturing facilities in Maharashtra – two in Boisar, Tarapur and one in Khalapur.
Results for Q3 FY26
During Q3 FY26, total income stood at ₹8,608.85 lakh, compared with ₹8,051.78 lakh in Q3 FY25, reflecting a year-on-year growth of 6.92%. EBITDA rose sharply to ₹954.45 lakh from ₹550.67 lakh, registering a growth of 73.35%, while the EBITDA margin expanded by 426 basis points to 11.10% from 6.84%. Net profit increased significantly to ₹470.63 lakh from ₹148.49 lakh, a rise of 217.03% year on year, with the net profit margin improving to 5.47% from 1.85%, up by 363 basis points. Earnings per share for the quarter increased to ₹3.47 from ₹1.09, marking a growth of 218.35%.
Results for 9M FY26
For the nine-month period ended FY26, total income grew to ₹26,405.09 lakh from ₹24,237.28 lakh in 9M FY25, an increase of 8.94% year on year. EBITDA improved to ₹2,043.58 lakh compared with ₹1,505.82 lakh, reflecting a growth of 35.71%, and the EBITDA margin expanded by 152 basis points to 7.75% from 6.23%. Net profit more than doubled to ₹790.13 lakh from ₹370.91 lakh, registering a growth of 113.03%, while the net profit margin improved to 3.00% from 1.53%, up by 146 basis points. EPS for the nine-month period increased to ₹5.82 from ₹2.77, representing a growth of 110.11%.
Management Commentary
Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited, stated that the company focused on strengthening operations and scaling up its manufacturing capabilities ahead of future growth opportunities. The press release highlighted continued execution of capacity expansion initiatives and disciplined capital allocation to support increasing demand across key segments.
Operational Update
The company commissioned a planned capacity addition of ~655 MT per annum, taking total production capacity to over ~29,000+ MT per annum, with the investment funded from internal accruals to support growth and customer service improvements.