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Innovative Tech Pack Overview

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.

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Innovative Tech Pack Key Financials

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

Innovative Tech Pack Share Price

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Volume
Price

Innovative Tech Pack Quarterly Price

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Innovative Tech Pack Peer Comparison

Innovative Tech Pack Quarterly Results

#(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

Innovative Tech Pack Profit & Loss

#(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

Growth Rates

# 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%

Innovative Tech Pack Balance Sheet

#(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

Innovative Tech Pack Cash Flow

#(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

Innovative Tech Pack Ratios

# 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

Innovative Tech Pack Shareholding Pattern

# 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

Innovative Tech Pack News

Innovative Tech Pack Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 106.75 to 99.98days.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • The company has delivered a poor profit growth of -100% over past five years.
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