Rajshree Polypack Limited has secured a new order worth ₹1.84 Cr from a domestic customer for the supply of Plastic Rigid Sheets. The order is a repeat business from a wholly owned Indian subsidiary of a Switzerland-based packaging giant. This development strengthens the company's order book within the domestic market.

The order is scheduled to be executed by June 2026 or as mutually agreed upon by the parties to fulfil the required size. The company disclosed that there is no interest of the promoter, promoter group, or group companies in the entity that awarded the order. Furthermore, the transaction does not fall within related party transactions.

Order Details

The disclosure regarding the order was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key particulars of the order are summarised below:

Rajshree Polypack Limited reported a standalone net profit of ₹17.22 crore for the financial year ended March 31, 2026, an increase of 19.1% from ₹14.46 crore in the previous year. Revenue from operations rose to ₹332.18 crore for FY26, compared to ₹329.74 crore in FY25. The company’s Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026. The statutory auditors, M/s. JASS & Co. LLP, issued an audit report with an unmodified opinion on the financial results. An investor presentation detailing these results was released on June 01, 2026.

For the quarter ended March 31, 2026, the company reported a standalone net profit of ₹6.38 crore on revenue from operations of ₹91.62 crore. The profit before tax for the quarter stood at ₹15.70 crore. Basic earnings per share for FY26 were ₹2.32, up from ₹1.96 in the previous year. Total income for FY26 was ₹338.61 crore, while total expenses were ₹315.75 crore.

Financial Performance

Operational Updates

During the quarter ended June 30, 2025, the company revised the estimated useful lives of certain plant and machinery categories from 15 years to 20-25 years. This change reduced depreciation expense for the year by ₹38.89 lakh. The company also converted an outstanding loan of ₹4,050.00 lakh given to Olive Ecopak Private Limited into 4,050 unsecured, unlisted, redeemable, 0% Non-Convertible Debentures (NCDs) of ₹1,00,000 each, redeemable at the end of 10 years at ₹2,36,736 per NCD.

Joint Venture Performance

Olive Ecopak Private Limited, a joint venture started in 2024, reported revenue from operations of ₹52.67 crore for FY26, a significant increase from ₹16.37 crore in FY25. The venture reported a net loss of ₹18.89 crore for the year, narrowing from a loss of ₹22.63 crore in the previous year. For Q4FY26, the joint venture recorded revenue of ₹17.01 crore and a net loss of ₹3.25 crore.

Conference Call Update

In compliance with Regulation 30 of the SEBI Listing Regulations, the company announced that the earnings conference call to discuss Q4 and FY2026 results was held on June 02, 2026. The audio recording of the call is available for access.

Management stated that FY26 was a steady year with revenues remaining largely stable, but profitability improved meaningfully through better product mix and operational efficiencies. EBITDA increased to ₹50.97 crore from ₹46.30 crore in the previous year, with EBITDA margins improving to 15.34% from 14.04%. Export revenues increased by 30.1% year-on-year to ₹70.08 crore, driven by strong traction for Injection Moulding products. However, domestic revenues stood at ₹262.10 crore compared to ₹275.86 crore in FY25.

The company expanded its Injection Moulding capacity by 45.45% to 4,800 MT and plans to add another 1,000 MTPA under toll manufacturing, taking total installed capacity to 5,800 MTPA. For the financial year 2026-27, the company targets revenue of ₹370-380 crore with EBITDA margins around 15%. Management expects Olive Ecopak to break even at the PAT level in FY27 with a revenue of approximately ₹195 crore. The company intends to reduce debt by ₹10-15 crore in FY27 through lower working capital requirements.