Bai-Kakaji Polymers FY26: Margin expansion and a second engine

FY26 consolidated revenue was ₹364.69 Cr and PAT was ₹26.98 Cr, as per the FY26 P&L slide.

The presentation states FY26 revenue of ₹351 Cr from rigid packaging and ₹14 Cr from flexible packaging, implying a 96% and 4% split respectively.

The deck states PET preform installed capacity of 22,581 MT/year and plastic closures capacity of about 492 crore units/year, with capacity utilisation around 87%.

Mundada Polymers Pvt. Ltd. is shown with installed capacity of 8,100 tonnes in FY26 and utilisation of 96.5% for shrink film, 88.9% for coating film, and 54.8% for stretch film in FY26.

Net worth is shown increasing to ₹175.70 Cr in FY26 from ₹53.54 Cr in FY25, while total borrowings reduced to ₹65.73 Cr from ₹109.03 Cr.

Key initiatives highlighted include solar power (5 MW operational and 2.5–3 MW expansion underway), backward integration into raw-material trading, ramp-up of flexible packaging, a planned RPET entry in FY27, and planned facilities in Gujarat and Kerala.