Mitsu Chem Plast filed its Business Responsibility and Sustainability Report for FY26 with BSE, disclosing improvements in environmental efficiency metrics. The company reported a 6.90% reduction in carbon intensity and an 8.95% decrease in energy intensity during the financial year.

The filing, submitted by Company Secretary Gargi Suresh Sawant, confirms that the company achieved zero fatalities in FY26. The report details the company's performance across environmental, social, and governance parameters, including waste management and employee welfare initiatives.

Environmental Performance

The company reported specific reductions in its resource consumption metrics. Carbon intensity (Scope 1 and 2 emissions) decreased by 6.90%, while energy intensity fell by 8.95%. Water intensity was reduced by 11.03% during the year. The company operates four plants and two offices across India, with all manufacturing sites functioning as Zero Liquid Discharge (ZLD) facilities.

Operational and Employee Details

As of the end of FY26, Mitsu Chem Plast employed 225 permanent employees and 698 workers. The company reported that 100% of permanent employees and workers were covered by health and accident insurance. The report indicates that the company maintained compliance with all applicable statutory regulations, with no fines or penalties reported for the year.

The company's turnover for permanent employees was 22.67%, while for permanent workers, it stood at 4.19%. The Board of Directors comprises six members, with one female director representing 16.67% of the board.

Governance and Certifications

The report highlights that the company has established a Sustainability Committee chaired by Managing Director Manish Dedhia to oversee its ESG agenda. Mitsu Chem Plast holds several certifications, including ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety.

The company identified material issues such as waste management, employee welfare, emissions, and compliance. It reported that financial implications for these risks were assessed as positive, indicating effective mitigation strategies.

Mitsu Chem Plast Limited reported a 115% increase in net profit to ₹1,561.87 lakh for the financial year ended March 31, 2026, driven by operational efficiency and strategic investments. Revenue from operations rose 5.4% to ₹35,016.95 lakh from ₹33,227.84 lakh in the previous year.

The Board of Directors, at its meeting held on May 02, 2026, recommended a final dividend of ₹0.20 per equity share of the face value of ₹10 each for the FY 2025-26. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting.

Financial Performance

The company’s total income for the year stood at ₹35,084.56 lakh, up from ₹33,287.97 lakh in the previous year. Profit before tax increased to ₹2,127.44 lakh from ₹1,000.75 lakh. Tax expenses for the year amounted to ₹565.57 lakh.

Earnings per share (EPS) improved to ₹11.50 from ₹5.39. The company’s equity share capital remained constant at ₹1,357.80 lakh.

Operational Highlights

The company’s growth was supported by the commencement of a new manufacturing unit (Unit 4) at Tarapur, Maharashtra, aimed at supporting growing operational requirements. The company’s product portfolio includes molded industrial packaging, hospital furniture parts, and infrastructural furniture.

Molded industrial packaging remained the largest revenue contributor, accounting for 83.88% of total turnover at ₹29,371.96 lakh. Hospital furniture parts contributed 13.23% of turnover at ₹4,631.23 lakh, while infrastructural and other segments made up the remaining 2.89%.

Outlook

Looking ahead to FY 2026-27, the company plans to focus on growth through capacity addition, R&D-led innovation, operational excellence, and expanding its presence in the export market. The company also aims to leverage its Furnastra brand to strengthen its position in the healthcare sector.