NSE:MANIKA management interview: Manika Plastech IPO: Business Model से Growth Plan तक, MD Munjal Kapadia से खास बातचीत | ETNS
ET Now Swadesh, 2026-09-12. Video: https://www.youtube.com/watch?v=7ztapAKC228
- Capacity expansion plans: The company is utilizing ₹54.9 crore from IPO proceeds for brownfield expansions across its six existing manufacturing plants, raising total capacity by nearly 30% from 29,200 metric tons to 38,000 metric tons.
- Product and market diversification: Entry into the ISBM category for PET and rPET bottles will open up four new vertical addressable markets, including pharmaceuticals, personal care, cosmetics, and beverages.
- Revenue segment mix: In Q1 FY27, battery casings contributed the largest revenue share at 54%, followed by paint pails and thin-wall packaging at 28%, and automotive components at 4% to 4.5%.
- Debt repayment plan: Long-term debt stood at approximately ₹28 crore as of September 1, which will reduce to around ₹13 crore following a ₹15 crore prepayment using IPO proceeds.
- Input cost management: Rising polypropylene costs driven by geopolitical conflict in West Asia are being mitigated through a complete cost pass-on mechanism with clients, preserving operating margins.