WEBSITE BSE:523840 NSE: INN.TECH.PAC Inc. Year: 1989 Industry: Plastic Products My Bucket: Add Stock
Last updated: 10:31
No Notes Added Yet
1. Business Overview
Innovative Tech Pack Ltd. (INN.TECH.PAC) is engaged in the manufacturing and sale of plastic products. As a company in the Plastic Products sector, its core business model typically involves the production of various plastic items, which can range from packaging materials (rigid and flexible) for consumer goods, pharmaceuticals, and food & beverages, to industrial components or household plastic products. The company primarily operates on a Business-to-Business (B2B) model, supplying its products to other manufacturers, brands, and industries. It makes money by selling these manufactured plastic goods, deriving revenue from sales volumes and the difference between its production costs (raw materials, manufacturing overheads, labor) and its selling prices.
2. Key Segments / Revenue Mix
Without specific company data, the exact revenue mix is not available. However, for a typical plastic products company, key segments could include:
Rigid Packaging: Bottles, jars, containers, caps, and closures for FMCG, pharma, and food industries.
Flexible Packaging: Films, laminates, pouches, and bags for food, personal care, and industrial applications.
Industrial Plastics: Components for automotive, electrical, or other manufacturing sectors.
Consumer/Household Plastics: Items like storage containers, furniture components, or other finished plastic goods.
The contribution from each segment would depend on the company's product focus and client base.
3. Industry & Positioning
The Indian plastic products industry is dynamic, driven by domestic consumption, a growing manufacturing sector, and increasing demand for packaged goods. It is generally characterized by being highly competitive and fragmented, with numerous unorganized and organized players. Raw material prices (derivatives of crude oil) are a significant cost component and fluctuate. Innovative Tech Pack Ltd. likely positions itself by focusing on product quality, customization capabilities, competitive pricing, and building strong client relationships. Its standing relative to peers would depend on its scale of operations, technological capabilities, distribution network, and market share in its specific product categories.
4. Competitive Advantage (Moat)
In the fragmented plastic products industry, strong, durable competitive advantages (moats) are challenging to establish. Potential advantages for Innovative Tech Pack Ltd. could include:
Client Relationships & Switching Costs: Long-term contracts and deep integration with B2B clients can create switching costs.
Operational Scale & Efficiency: Achieving a certain scale can lead to cost advantages in procurement and manufacturing.
Technical Expertise & Customization: Specialization in complex molding or unique material applications can differentiate the company.
Distribution & Logistics: An efficient supply chain and distribution network, especially for time-sensitive deliveries, can be an advantage.
A strong brand moat is less common in B2B plastic component manufacturing.
5. Growth Drivers
Key factors that can drive growth for Innovative Tech Pack Ltd. over the next 3-5 years include:
Rising Domestic Consumption: India's growing middle class and increasing disposable incomes will fuel demand for packaged goods.
E-commerce Boom: The expansion of online retail necessitates increased packaging for logistics and product safety.
Organized Retail Growth: Modern retail formats drive demand for standardized and attractive packaging solutions.
Industrial Growth: Expansion in sectors like automotive, electronics, and construction will boost demand for plastic components.
Product Innovation & Diversification: Introduction of new products, sustainable packaging solutions (recyclable, biodegradable), and entry into new client industries.
6. Risks
Raw Material Price Volatility: Fluctuations in crude oil prices directly impact the cost of polymers, affecting profit margins.
Environmental Regulations: Increasing governmental and public pressure against single-use plastics and plastic waste could lead to stricter regulations or bans, impacting demand for certain products.
Intense Competition & Pricing Pressure: The fragmented nature of the industry often leads to price wars, compressing margins.
Economic Slowdown: A general downturn in the economy can reduce consumer spending and industrial demand, impacting sales.
Technological Obsolescence: Failure to invest in modern manufacturing technology could lead to inefficiencies and loss of competitiveness.
Foreign Exchange Risk: If the company imports raw materials, currency fluctuations can impact input costs.
7. Management & Ownership
As is common for many Indian companies, Innovative Tech Pack Ltd. is likely promoter-driven, with the founding family or individuals holding a significant ownership stake. The quality of management would depend on their experience in the plastics industry, ability to navigate raw material volatility, adapt to changing regulations, innovate products, and manage operational efficiencies. A capable management team is crucial for sustainable growth in this competitive sector. Detailed information on specific promoters and their track record is not available without further research.
8. Outlook
The outlook for Innovative Tech Pack Ltd. is balanced. The bull case rests on India's robust economic growth, rising consumption, and increasing industrialization, which will drive sustained demand for plastic products. The company's ability to innovate, diversify its product portfolio (especially into sustainable packaging), maintain operational efficiency, and secure long-term client contracts could lead to healthy growth. The bear case, however, highlights significant challenges. The volatility of raw material prices, the looming threat of stringent environmental regulations on plastics (which could impact sales volumes and necessitate costly R&D for alternatives), and intense competition could put pressure on profitability and market share. The company's success will largely depend on its agility in adapting to these industry shifts and its ability to effectively pass on cost increases while remaining competitive.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹30 Cr.
Stock P/E -1664.4
P/B 0.8
Current Price ₹13.4
Book Value ₹ 16.5
Face Value 1
52W High ₹31.5
Dividend Yield 0%
52W Low ₹ 12.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 37 | 33 | 35 | 34 | 35 | 31 | 34 | 33 | 29 | 32 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 37 | 33 | 35 | 34 | 35 | 31 | 34 | 33 | 29 | 33 |
| Total Expenditure | 33 | 30 | 31 | 30 | 31 | 28 | 35 | 29 | 28 | 29 |
| Operating Profit | 5 | 3 | 4 | 4 | 4 | 3 | -1 | 3 | 1 | 3 |
| Interest | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | -1 | 0 | 2 | 2 | 0 | -3 | 1 | -1 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | -1 | 0 | 2 | 2 | 0 | -3 | 1 | -1 | 1 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | -1 | 0 | 2 | 2 | 0 | -3 | 1 | -1 | 1 |
| Adjusted Earnings Per Share | 0.6 | -0.3 | 0.1 | 0.7 | 0.7 | 0.1 | -1.5 | 0.6 | -0.5 | 0.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 76 | 90 | 102 | 124 | 144 | 150 | 144 | 158 | 158 | 142 | 134 | 128 |
| Other Income | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 0 |
| Total Income | 77 | 91 | 104 | 125 | 145 | 152 | 146 | 159 | 160 | 143 | 135 | 129 |
| Total Expenditure | 64 | 74 | 78 | 100 | 122 | 128 | 129 | 147 | 147 | 129 | 124 | 121 |
| Operating Profit | 13 | 17 | 26 | 24 | 24 | 24 | 17 | 12 | 14 | 15 | 11 | 6 |
| Interest | 4 | 4 | 7 | 9 | 9 | 11 | 8 | 8 | 6 | 5 | 5 | 4 |
| Depreciation | 5 | 6 | 8 | 10 | 11 | 12 | 10 | 11 | 9 | 7 | 6 | 5 |
| Exceptional Income / Expenses | -1 | -2 | 0 | -1 | 0 | 1 | -1 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 5 | 11 | 5 | 4 | 3 | -3 | -8 | -1 | 2 | -0 | -2 |
| Provision for Tax | 0 | 1 | 2 | 2 | 2 | 1 | -1 | -0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 3 | 3 | 9 | 3 | 3 | 2 | -2 | -7 | -1 | 2 | -0 | -2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 3 | 9 | 3 | 3 | 2 | -2 | -7 | -1 | 2 | -0 | -2 |
| Adjusted Earnings Per Share | 1.5 | 1.6 | 4.2 | 1.5 | 1.2 | 0.9 | -1 | -3.3 | -0.6 | 0.8 | -0 | -0.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -6% | -5% | -2% | 6% |
| Operating Profit CAGR | -27% | -3% | -14% | -2% |
| PAT CAGR | -100% | 0% | -100% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -52% | -8% | -7% | -10% |
| ROE Average | -0% | 0% | -5% | 4% |
| ROCE Average | 7% | 8% | 6% | 13% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 26 | 29 | 39 | 41 | 44 | 45 | 43 | 35 | 34 | 36 | 36 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 7 | 22 | 27 | 22 | 19 | 18 | 25 | 30 | 27 | 20 | 23 |
| Other Non-Current Liabilities | 1 | 7 | 1 | 0 | 2 | 6 | 4 | 1 | 0 | -0 | -0 |
| Total Current Liabilities | 23 | 22 | 33 | 40 | 52 | 53 | 57 | 48 | 45 | 45 | 24 |
| Total Liabilities | 58 | 80 | 100 | 104 | 116 | 121 | 129 | 115 | 106 | 100 | 83 |
| Fixed Assets | 24 | 40 | 59 | 60 | 69 | 62 | 64 | 61 | 53 | 46 | 39 |
| Other Non-Current Assets | 5 | 15 | 5 | 11 | 5 | 8 | 8 | 5 | 5 | 4 | 4 |
| Total Current Assets | 29 | 24 | 36 | 33 | 43 | 51 | 57 | 49 | 49 | 50 | 40 |
| Total Assets | 58 | 80 | 100 | 104 | 116 | 121 | 129 | 115 | 106 | 100 | 83 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 2 | 1 | 4 | 0 | 1 | 3 | 1 | 0 | 0 | 2 |
| Cash Flow from Operating Activities | 13 | 18 | 22 | 25 | 21 | 36 | 6 | 22 | 7 | 14 | 5 |
| Cash Flow from Investing Activities | -7 | -32 | -19 | -18 | -16 | -11 | -8 | -5 | -0 | -0 | 2 |
| Cash Flow from Financing Activities | -5 | 13 | -0 | -11 | -4 | -23 | -0 | -17 | -7 | -12 | -9 |
| Net Cash Inflow / Outflow | 0 | -1 | 3 | -4 | 1 | 2 | -2 | -1 | 0 | 1 | -1 |
| Closing Cash & Cash Equivalent | 3 | 1 | 4 | 0 | 1 | 3 | 1 | 0 | 0 | 2 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.53 | 1.56 | 4.18 | 1.46 | 1.19 | 0.89 | -1.02 | -3.31 | -0.64 | 0.8 | -0.01 |
| CEPS(Rs) | 3.84 | 4.25 | 7.76 | 5.84 | 5.88 | 6.22 | 3.45 | 1.62 | 3.23 | 4.12 | 2.76 |
| DPS(Rs) | 0.1 | 0.15 | 0.25 | 0.1 | 0.15 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 11.86 | 13.24 | 17.46 | 18.66 | 19.51 | 20.04 | 19.02 | 15.71 | 15.07 | 15.87 | 15.86 |
| Core EBITDA Margin(%) | 15.83 | 17.19 | 22.75 | 18.84 | 15.58 | 14.95 | 10.25 | 7.05 | 7.47 | 9.54 | 7.57 |
| EBIT Margin(%) | 8.94 | 9.37 | 17.33 | 10.84 | 9.06 | 8.93 | 3.77 | 0.44 | 3.12 | 5.01 | 3.38 |
| Pre Tax Margin(%) | 4.36 | 5.03 | 10.88 | 3.94 | 3.02 | 1.88 | -2.02 | -4.94 | -0.9 | 1.26 | -0.01 |
| PAT Margin (%) | 4.36 | 3.73 | 8.66 | 2.54 | 1.85 | 1.34 | -1.58 | -4.71 | -0.9 | 1.26 | -0.01 |
| Cash Profit Margin (%) | 10.92 | 10.14 | 16.07 | 10.14 | 9.15 | 9.32 | 5.37 | 2.31 | 4.58 | 6.5 | 4.63 |
| ROA(%) | 6.12 | 4.97 | 10.2 | 3.13 | 2.42 | 1.69 | -1.83 | -6.11 | -1.3 | 1.74 | -0.02 |
| ROE(%) | 13.73 | 12.44 | 27.23 | 8.09 | 6.32 | 4.52 | -5.21 | -19.08 | -4.14 | 5.14 | -0.05 |
| ROCE(%) | 16.9 | 16.22 | 25.63 | 16.68 | 15.03 | 15.52 | 6.38 | 0.86 | 6.86 | 10.39 | 7.08 |
| Receivable days | 63.18 | 50.33 | 48.31 | 50.76 | 51.23 | 52.02 | 59.49 | 53.05 | 48.01 | 50.55 | 39.84 |
| Inventory Days | 21.05 | 18.96 | 25.86 | 26.31 | 26.37 | 30.92 | 37.46 | 37.31 | 34.52 | 40.3 | 54.24 |
| Payable days | 62.27 | 58.73 | 71.16 | 84.55 | 78.37 | 110.89 | 129.03 | 108.49 | 97.97 | 106.75 | 99.98 |
| PER(x) | 28 | 21.23 | 15.78 | 47.52 | 23.84 | 9.41 | 0 | 0 | 0 | 29.29 | 0 |
| Price/Book(x) | 3.62 | 2.5 | 3.78 | 3.72 | 1.46 | 0.42 | 0.98 | 1.12 | 0.96 | 1.47 | 1.43 |
| Dividend Yield(%) | 0.23 | 0.45 | 0.38 | 0.14 | 0.53 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.43 | 1.14 | 1.76 | 1.55 | 0.73 | 0.33 | 0.59 | 0.47 | 0.42 | 0.54 | 0.55 |
| EV/Core EBITDA(x) | 8.17 | 6.2 | 6.92 | 7.84 | 4.48 | 2.08 | 5.13 | 6.25 | 4.88 | 5.3 | 6.86 |
| Net Sales Growth(%) | -0.27 | 18.91 | 13.61 | 21.24 | 16.31 | 3.91 | -3.87 | 9.58 | 0.21 | -10.1 | -5.81 |
| EBIT Growth(%) | 53.86 | 25.04 | 112.98 | -25.34 | -4.24 | 2.44 | -59.38 | -87.17 | 608.57 | 44.33 | -36.55 |
| PAT Growth(%) | 82.35 | 1.81 | 167.66 | -65.04 | -16.23 | -24.9 | -213.65 | -225.87 | 80.78 | 224.93 | -101.01 |
| EPS Growth(%) | 82.36 | 1.81 | 167.65 | -65.04 | -18.47 | -24.89 | -213.64 | -225.87 | 80.78 | 224.93 | -101.02 |
| Debt/Equity(x) | 0.69 | 1.15 | 1.1 | 1.03 | 1.07 | 0.82 | 1.08 | 1.06 | 1.1 | 0.85 | 0.73 |
| Current Ratio(x) | 1.24 | 1.1 | 1.09 | 0.83 | 0.82 | 0.96 | 1.01 | 1.01 | 1.09 | 1.11 | 1.64 |
| Quick Ratio(x) | 1.07 | 0.85 | 0.81 | 0.61 | 0.59 | 0.71 | 0.72 | 0.68 | 0.78 | 0.72 | 0.72 |
| Interest Cover(x) | 1.95 | 2.16 | 2.69 | 1.57 | 1.5 | 1.27 | 0.65 | 0.08 | 0.78 | 1.33 | 1 |
| Total Debt/Mcap(x) | 0.19 | 0.46 | 0.29 | 0.28 | 0.74 | 1.94 | 1.1 | 0.95 | 1.15 | 0.58 | 0.51 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 | 74.36 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Public | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 | 25.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 | 2.25 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.