All Time Plastics Limited, a leading manufacturer in the plastics industry, has announced a significant expansion of its production capabilities at its Khatalwada Plant in Manekpur. The company has successfully increased its annual production capacity by 4,000 metric tons, bringing its total capacity to 37,000 metric tonnes per annum.

Capacity Expansion Details

The capacity addition, which has already been completed, represents a substantial increase from the company's previous annual capacity of 33,000 metric tonnes. This expansion is a strategic move aimed at meeting the growing demands of All Time Plastics' customer base.

Investment and Financing

To achieve this expansion, All Time Plastics invested ₹18.33 crores. The company financed this significant upgrade through a combination of internal accruals and debt, demonstrating its strong financial position and commitment to growth.

Current Utilization and Future Outlook

Prior to the expansion, All Time Plastics was operating at an impressive capacity utilization rate of 83.60%. This high utilization rate likely influenced the decision to expand, as it indicates strong demand for the company's products.

Strategic Rationale

The primary motivation behind this capacity expansion, as stated by the company, is to meet the future demands of its customers. This proactive approach suggests that All Time Plastics anticipates continued growth in the plastics sector and is positioning itself to capitalize on these opportunities.

Company Overview

All Time Plastics Limited, formerly known as All Time Plastics Private Limited, is headquartered in Mumbai, India. The company has demonstrated its commitment to growth and meeting market demands through this strategic expansion.

This capacity addition is expected to strengthen All Time Plastics' position in the market and enhance its ability to serve its customers efficiently. As the plastics industry continues to evolve, such expansions may prove crucial in maintaining competitiveness and meeting the dynamic needs of various sectors that rely on plastic products.

All Time Plastics Limited, India's second-largest exporter of plastic consumer products, has reported a strong start to the fiscal year 2026 with significant revenue growth and plans for capacity expansion.

Financial Performance

The company announced a 21.5% year-on-year increase in revenue for Q1 FY26, reaching Rs 158.00 crores compared to Rs 130.00 crores in Q1 FY25. This growth was accompanied by a 15.6% rise in EBITDA to Rs 29.40 crores and a modest increase in Profit After Tax (PAT) to Rs 12.80 crores from Rs 12.20 crores in the same quarter last year.

Key Financial Metrics

The company's EBITDA margin stood at 18.5% for Q1 FY26, showing a slight decline from the previous year. This decrease was attributed to initial costs associated with the new Khatalwada plant, which is expected to contribute positively to margins as utilization improves.

Operational Highlights

All Time Plastics reported a high capacity utilization of 89.7% across its three manufacturing plants, processing 7,399 metric tons of polymer in Q1 FY26, up from 5,897 metric tons in Q1 FY25. The company's current annual capacity stands at 33,000 metric tons.

Expansion Plans

The company is in the process of installing additional machinery with a capacity of 4,000 metric tons at its Khatalwada plant. This is part of a larger expansion plan that aims to increase the total capacity from 33,000 to 52,500 metric tons by FY27, utilizing Rs 113.70 crores from IPO proceeds.

Market Presence and Customer Base

Export sales continue to dominate All Time Plastics' revenue mix, constituting 83.6% of total sales in Q1 FY26, with domestic sales accounting for the remaining 16.4%. The company maintains a strong relationship with its largest customer, IKEA, which contributes around 60% of sales through a 28-year partnership, albeit without formal contracts.

New Customer Acquisitions

All Time Plastics has successfully acquired 12 new customers in the recent quarter, including one in Europe, one in the US, and ten in the domestic market. This diversification strategy aims to broaden the company's customer base and reduce dependency on a single client.

Future Outlook

While the company faces potential challenges from US tariffs, which could impact 11.2% of its sales, management reported no current disruptions to operations. All Time Plastics is actively exploring other markets and implementing measures to mitigate any potential impact.

The company remains focused on expanding its branded sales, which currently account for 9% of total revenue, and is venturing into new product categories such as drinkware, silicon articles, and a pilot project in bamboo products.

As All Time Plastics continues to execute its expansion plans and diversify its product offerings, it aims to maintain its historical growth trajectory while adapting to evolving market conditions.