Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹192Cr
Rev Gr TTM
Revenue Growth TTM
10.44%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

PILITA
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -7.3 | 19.3 | 29.9 | 3.7 | 8.2 | 5.0 | -13.5 | 12.4 | 8.0 | 13.4 | 26.7 | -1.4 |
| 21 | 19 | 23 | 24 | 24 | 19 | 19 | 28 | 24 | 21 | 26 | 28 |
Operating Profit Operating ProfitCr |
| 9.4 | 8.2 | 9.0 | 10.5 | 5.4 | 11.4 | 10.7 | 6.7 | 9.6 | 11.4 | 7.4 | 6.4 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| 1 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | 184.2 | 471.4 | 28.1 | 32.9 | -14.1 | 25.8 | 3.8 | -14.3 | 94.5 | 2.6 | 5.5 | -53.9 |
| 2.8 | 5.9 | 4.2 | 6.8 | 2.2 | 7.1 | 5.0 | 5.2 | 4.0 | 6.5 | 4.2 | 2.4 |
| 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 7.2 | 49.4 | 14.6 | -26.8 | -8.8 | 12.7 | 23.5 | 26.3 | 14.0 | 3.0 | 8.3 |
| 41 | 43 | 62 | 69 | 51 | 44 | 49 | 63 | 79 | 89 | 91 | 99 |
Operating Profit Operating ProfitCr |
| -2.9 | -0.6 | 2.3 | 5.7 | 4.9 | 9.6 | 10.4 | 6.8 | 6.8 | 8.3 | 9.3 | 8.5 |
Other Income Other IncomeCr | 4 | 1 | 9 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| 2 | 0 | 9 | 6 | 4 | 4 | 5 | 3 | 4 | 6 | 7 | 6 |
| 0 | 0 | 0 | -5 | 1 | 4 | 1 | 1 | 1 | 2 | 2 | 2 |
|
| | -79.6 | 2,185.8 | 18.2 | -70.9 | -74.6 | 363.7 | -32.1 | 21.1 | 51.8 | 13.5 | -14.4 |
| 5.0 | 0.9 | 14.4 | 14.8 | 5.9 | 1.6 | 6.8 | 3.7 | 3.6 | 4.8 | 5.2 | 4.1 |
| 0.1 | 0.0 | 0.4 | 0.5 | 0.1 | 0.0 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 21 | 21 | 22 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| -22 | -22 | -2 | 33 | 36 | 37 | 41 | 43 | 46 | 51 | 56 | 59 |
Current Liabilities Current LiabilitiesCr | 11 | 13 | 17 | 11 | 5 | 9 | 11 | 17 | 16 | 20 | 14 | 22 |
Non Current Liabilities Non Current LiabilitiesCr | 3 | 2 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 3 | 4 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 8 | 10 | 40 | 57 | 54 | 60 | 65 | 68 | 68 | 63 | 50 | 60 |
Non Current Assets Non Current AssetsCr | 4 | 5 | 4 | 10 | 11 | 9 | 10 | 17 | 19 | 34 | 47 | 49 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -1 | 0 | -12 | -25 | -4 | -4 | -3 | -3 | 8 | 12 | 22 |
Investing Cash Flow Investing Cash FlowCr | -1 | 0 | 0 | 0 | -1 | -2 | -2 | -8 | -4 | -16 | -14 |
Financing Cash Flow Financing Cash FlowCr | 3 | 1 | 16 | 23 | 3 | 6 | 4 | 11 | -4 | -2 | -2 |
|
Free Cash Flow Free Cash FlowCr | -1 | 0 | -12 | -25 | -4 | -6 | -4 | -8 | 5 | -4 | 8 |
| -71.3 | -12.2 | -133.2 | -228.3 | -118.8 | -469.6 | -76.2 | -99.7 | 277.3 | 255.7 | 414.3 |
CFO To EBITDA CFO To EBITDA% | 120.4 | 20.1 | -848.0 | -599.6 | -144.1 | -80.4 | -49.5 | -54.8 | 144.9 | 145.8 | 231.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 72 | 47 | 310 | 269 | 135 | 74 | 409 | 206 | 144 | 276 | 341 |
Price To Earnings Price To Earnings | 37.2 | 112.4 | 33.9 | 24.9 | 44.2 | 105.0 | 108.8 | 79.6 | 47.2 | 58.8 | 66.0 |
Price To Sales Price To Sales | 1.8 | 1.1 | 5.3 | 3.7 | 2.5 | 1.5 | 7.5 | 3.0 | 1.7 | 2.8 | 3.4 |
Price To Book Price To Book | -50.9 | -45.0 | 15.8 | 4.8 | 2.3 | 1.2 | 6.4 | 3.1 | 2.1 | 3.7 | 4.3 |
| -62.8 | -201.4 | 213.4 | 64.9 | 52.1 | 16.6 | 72.6 | 47.8 | 26.3 | 35.8 | 37.2 |
Profitability Ratios Profitability Ratios |
| 17.9 | 22.5 | 24.7 | 21.0 | 27.2 | 38.3 | 42.7 | 36.5 | 38.4 | 41.5 | 43.3 |
| -2.9 | -0.6 | 2.3 | 5.7 | 4.9 | 9.6 | 10.4 | 6.8 | 6.8 | 8.3 | 9.3 |
| 5.0 | 0.9 | 14.4 | 14.8 | 5.9 | 1.6 | 6.8 | 3.7 | 3.6 | 4.8 | 5.2 |
| -738.1 | 56.9 | 49.5 | 11.1 | 6.5 | 7.0 | 7.6 | 5.2 | 6.3 | 8.0 | 9.6 |
| -137.5 | -38.9 | 46.8 | 19.2 | 5.3 | 1.3 | 5.8 | 3.8 | 4.4 | 6.2 | 6.6 |
| 15.5 | 2.8 | 20.7 | 16.1 | 4.9 | 1.1 | 5.0 | 3.0 | 3.5 | 4.8 | 5.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
PIL Italica Lifestyle Limited (PIL) is a leading Indian manufacturer and marketer of lifestyle furniture and functional products, established in **1992** and headquartered in **Udaipur, Rajasthan**. The company began as a pioneer in **molded plastic furniture** and has evolved into a comprehensive provider of modern, stylish, and durable furniture solutions for homes, offices, hospitality, and public spaces.
Operating under the flagship brand **Italica**, PIL is recognized for innovation, design, and quality, and is the **only Indian company with CE-certified plastic furniture**, in addition to holding **ISO 9001:2015 certification**.
---
### **Core Business & Product Portfolio**
PIL Italica offers a **diversified product range** across multiple segments:
1. **Furniture Solutions**
- **Plastic Furniture (80% of revenue):** Chairs (including stackable, folding, ventilated), tables, sun loungers, trolleys, storage units, and kids’ furniture.
- Key Series: *Oxy Series (ventilated chairs), Spine Care Series, Premium Series, Designer Series, Luxury Series, Phoenix Series, Plasteel Series.*
- Innovations: *India’s first fully plastic folding chair (‘Phoenix Folding Chair’), Double Insert Stackable Chair (Model 5115), Spine Care 2109 Chair.*
- **Wooden Furniture:** Launched via a collaboration with **Atmosphere**, a D2C startup, to cater to premium home and workspace needs.
2. **Material Handling Products**
- Industrial crates made from **food-grade, UV-resistant, and durable plastic**.
- Used across sectors: e-commerce (e.g., BigBasket, Grofers, NinjaCart), logistics (Delhivery), automotive, textiles, and fisheries.
- Customized models with lids (e.g., FC6545315 for fishing, FC503215 for e-commerce).
3. **Waste Management Solutions**
- Eco-friendly dustbins and storage bins (120L to 1,100L capacity).
- Supplied to municipal corporations, hospitals, airports, malls, and public institutions.
- Aligned with the **Swachh Bharat Mission** since 2018.
4. **Other Lifestyle & Functional Products**
- Kids World (study sets, multipurpose tables), Wedding Chairs (Models 2101, 2151), center tables, dining tables, and stools.
---
### **Manufacturing & Operational Infrastructure**
PIL operates two integrated manufacturing units with a combined capacity of **8,450 MTPA**:
1. **Udaipur, Rajasthan (Flagship Unit)**
- Land: 18,000 sq.m. | Production Area: 12,500 sq.m.
- Capacity: **6,050 MTPA**
- Equipped with **150+ advanced moulds**, modern injection molding lines, and ISO 9001:2015 certified production.
2. **Silvassa (Umerkui Unit, acquired from Kisan Mouldings Limited in May 2024)**
- Land: 17,486 sq.m. | Production Area: 6,000 sq.m.
- Initial Capacity: **2,400 MTPA**, with plans to expand to **4,000 MTPA** post a ₹25 crore capex (approved Aug 2025).
- Strategic importance: Enhances logistics reach in **Western and Southern India**.
> **Total Combined Capacity:**
> - Pre-2025: 8,450 MTPA
> - Post-expansion (Silvassa): To reach **10,450 MTPA** upon completion of upgrades.
---
### **National & International Reach**
#### **Domestic Presence**
- **Geographic Footprint:** As of **September 2025**, operations span **22 states and union territories**, with strategic focus on:
- **Pan-India Growth:** Expanding into **Eastern** (Bihar, Odisha, West Bengal) and **North-Eastern India**.
- **Southern India:** Strengthened via Silvassa acquisition and contract manufacturing.
- Strong presence in **Central India** (Madhya Pradesh, Chhattisgarh).
- **Distribution Network (FY25):**
- **197 Distributors**
- **357 Direct Dealers**, **4,046 total dealers nationwide**
- Peak growth from 1,884 dealers in FY22 to over **4,000 in FY25**.
- **Fulfillment Centers:**
- **12 Centers** (as of Oct 2025) in key cities:
*Hyderabad, Kanpur, Bengaluru, Bhiwandi, Ghaziabad, Jabalpur, Zirakpur, Silvassa, Udaipur, Patna, Bhubaneswar*.
- Proximity-based placement ensures **faster delivery** and **supply chain reliability**.
#### **International Expansion**
- Export initiatives underway to expand into global markets.
- Past presence in **Middle East, Qatar, Australia, Haiti**, with plans to reactivate and expand via strategic partnerships.
---
### **Growth & Expansion Strategy**
#### **1. Inorganic & Organic Growth**
- **Acquisition of Kisan Mouldings (Silvassa Unit):**
- Strengthened manufacturing capacity, logistics, and presence in South & West India.
- Added **51 precision moulds** and access to new product lines.
- **Asset-Light Model:**
- Leverages contract manufacturing, leased facilities, and collaborations (e.g., with Atmosphere) to expand with minimal capital investment.
#### **2. Pan-India Expansion**
- Target: Become a **pan-India brand** with leadership across North, East, Central, West, and South regions.
- Dedicated sales teams and vehicles deployed to increase **on-ground brand visibility**.
- New fulfillment centers planned for **East India**.
#### **3. New Product Development**
- **FY25:** 10 new launches including Kids Multi-purpose Chair (5238), Dining Table (9516), Wedding Chairs (2101, 2151).
- **Innovation Focus:** Ergonomics, space efficiency, sustainability, and premium design.
- Future categories: **Education furniture**, **kids’ study sets**, and **premium lifestyle products**.
---
### **Marketing & Digital Strategy**
- **Omni-Channel Sales Approach:**
- **Direct-to-Consumer (D2C):** Own website and **e-commerce platforms** (Amazon, Flipkart, Pepperfry, Industry Buying).
- **Digital Marketing:** Social media campaigns, SEO, influencer marketing, targeted ads.
- **E-commerce Specific Products:** Designed for millennial buyers and online shoppers.
- **Branding Campaigns:**
- **IPL Advertising:** High-visibility ads on **Jio Cinema** during IPL season.
- **Festive Campaigns:** Diwali and Durga Puja promotions with 'Arch Gate' installations at dealer stores.
- **Mobile Marketing:** ‘Store on Wheels’ in emerging markets (e.g., Eastern India).
- **Trade Engagement:** Participation in major **trade fairs** (Lucknow, Chennai, Gandhinagar).
---
### **Innovation & Sustainability**
- **Advanced Manufacturing:**
- Investments in **high-tech injection moulding lines**, precision moulds, and automation to improve efficiency and reduce waste.
- Water recycling and renewable energy initiatives in production.
- **Sustainable Products:**
- Eco-friendly bins (launched 2018), recyclable materials, and UV/weather-resistant designs.
- R&D focus on sustainable plastic alternatives and environmental compliance.
---
### **Financial & Operational Highlights**
- **Net Debt-Free:** Company maintains a strong balance sheet, funding growth through **internal accruals and selective debt**.
- **Capacity Expansion:** ₹25 crore capex approved for Silvassa unit to install new moulding lines.
- **Workforce:** ~205 professionals (as of 2024).
- **Historical Milestones:**
- 1993: Listed on BSE
- 1994: Listed on NSE
- 2018: Launched eco-bins and Spine Care Chair
- 2019: Opened Delhi office, launched Plasteel Series
- 2020: Partnered with Kisan Mouldings and Atmosphere
---