Bai-Kakaji Polymers targets ₹1,000 crore revenue by FY29

Bai-Kakaji Polymers Limited has outlined a growth roadmap targeting ₹1,000 crore revenue by FY29, driven by a strategic pivot towards flexible packaging and a ₹100 crore capital expenditure plan. The company presented this strategy during the "Samruddhi Season 3 – Nav-Bharat ka Caravan" investor interaction event organized by Hem Securities Limited on June 15, 2026. Management highlighted that 65% of the capex is allocated to the flexible packaging segment, while 35% is directed towards rigid packaging, to enhance its integrated solutions portfolio.

Financial Performance

For the financial year ended March 31, 2026, the company reported a 48.5% increase in profit after tax to ₹26.98 crore. Revenue from operations rose 12.1% to ₹365 crore, while EBITDA surged 43.9% to ₹48.78 crore, expanding the EBITDA margin to 13.36%. The company has delivered a 16.4% revenue CAGR over the last three fiscal years. Following its December 2025 IPO, which raised ₹105 crore, the balance sheet strengthened significantly with total borrowings decreasing by 39.7% to ₹65.73 crore. The debt-to-equity ratio improved sharply from 2.04x in FY25 to 0.37x in FY26, and operating cash flow turned positive at ₹28.04 crore.

Parameter	FY26	FY25	Change
Revenue from Operations (Rs. Cr)	365	325.37	+12.1%
EBITDA (Rs. Cr)	48.78	33.90	+43.9%
EBITDA Margin (%)	13.36%	10.4%	+296 bps
PAT (Rs. Cr)	26.98	18.17	+48.5%
PAT Margin (%)	7.39%	5.6%	+179 bps
Total Borrowings (Rs. Cr)	65.73	109.02	Down 39.7%
Debt-Equity Ratio (x)	0.37x	2.04x	Sharply lower
Operating Cash Flow (Rs. Cr)	+28.04	-9.93	Turned Positive

Strategic Expansion and Operations

The company operates five manufacturing units in Latur, Maharashtra, utilizing world-class European machinery from Husky, Sacmi, and Windmüller & Hölscher. In February 2026, it acquired Mundada Polymer as a wholly-owned subsidiary to offer integrated rigid and flexible packaging solutions. Current capacity includes 22,600 MTPA for PET preforms and over 500 crore units annually for caps and closures. Flexible packaging capacities stand at 4,500 MTPA for shrink film, 2,340 MTPA for coating film, and 1,620 MTPA for stretch film, with utilization rates around 90%.

Future Outlook

Bai-Kakaji is pursuing energy efficiency through a 7.2 MW solar expansion to lower operational power costs. Innovation-led performance, such as developing weight-saving closures reducing cap weight from 1.8g to 1.15g via an in-house tool room, serves as a competitive advantage. The company serves marquee clients including Parle Agro, Campa (Reliance), Patanjali, JSW, and Tata, and holds approved supplier status for IRCTC.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.41%	-2.53%	+11.75%	+6.79%	+3.59%	+3.59%

Bai Kakaji Polymers Limited will hold a virtual investor meeting on June 15, 2026, organized by Hem Securities as part of the Samruddhi Season 3 – Nav-Bharat ka Caravan initiative. The meeting is scheduled to take place between 12:00 pm and 1:00 pm. The company stated that no unpublished price sensitive information will be shared during the interaction with analysts and investors.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company noted that the schedule is subject to changes due to exigencies on the part of investors, analysts, or the company itself.

Meeting Details

Date of the Meeting	Particulars	Type of Meeting	Mode of Meeting	Time
15-June-26	Samruddhi Season 3 – Nav-Bharat ka Caravan – organised by Hem Securities	Group Conference Meeting	Virtual Meeting	12:00 – 1:00 pm

Participants wishing to attend the session must register in advance via the provided link. The presentations made during the meeting will follow the same lines as those available on the websites of bai kakaji polymers and the stock exchange.