Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹829 Cr.
Stock P/E
34
P/B
4.4
Current Price
₹118.9
Book Value
₹ 26.8
Face Value
5
52W High
₹151.9
52W Low
₹ 68
Dividend Yield
0%

IIRM Holdings India Overview

Business

IIRM Holdings India Ltd., operating in the Plastic Products sector, is primarily involved in the manufacturing and sale of various plastic goods. While specific product lines are not detailed, companies in this industry typically produce items such as plastic packaging materials (films, bags, containers), consumer plastic goods (household items, toys), industrial components, or specialized plastic products for sectors like automotive, agriculture, or construction. The core business model involves sourcing raw materials (primarily polymers derived from crude oil), processing them through various techniques (e.g., injection molding, extrusion, blow molding), and selling finished products to B2B clients (other manufacturers, retailers) or potentially B2C consumers. The company makes money through the sales revenue generated from its manufactured plastic products.

Revenue Mix

Specific key segments and their revenue contributions for IIRM Holdings India Ltd. are not publicly available or cannot be determined from the provided information. However, typical segmentation for a plastic products company might include:

Packaging Solutions: Films, bags, containers, bottles for food, beverage, pharmaceutical, and other industries.

Consumer Goods: Household items, kitchenware, furniture, toys.

Industrial Plastics: Components for automotive, electronics, construction, or agricultural sectors.

Specialty Plastics: High-performance polymers or niche applications.

Industry

The Indian plastic products industry is large, diverse, and generally fragmented, characterized by a mix of large integrated players and numerous small to medium-sized enterprises. It is highly dependent on demand from various end-user industries like fast-moving consumer goods (FMCG), automotive, electronics, construction, and healthcare. Competition is intense, often based on pricing, product quality, customization, and distribution efficiency. Without specific market share data or unique product offerings, IIRM's positioning is likely that of a participant operating within this competitive landscape, possibly specializing in certain types of plastic products or catering to specific regional markets or customer segments.

MOAT

Given the general nature of the plastic products industry and lack of specific company details, it's challenging to identify a strong, durable competitive advantage for IIRM. Potential moats, if they exist, could include:

Cost Leadership: Achieving economies of scale or highly efficient manufacturing processes to offer products at competitive prices.

Customer Relationships: Long-standing contracts or strong relationships with key B2B clients, leading to recurring orders.

Niche Specialization: Expertise in producing complex, high-precision, or specialized plastic products for particular industries that require specific technical know-how.

Distribution Network: A well-established and efficient supply chain and distribution network, especially for B2C products.

Backward/Forward Integration: Control over raw material sourcing or downstream processing could offer cost or quality advantages.

However, without specific information, it's not possible to confirm if IIRM possesses any of these.

Growth Drivers

Key factors that could drive growth for IIRM Holdings India Ltd. over the next 3-5 years include:

Economic Growth & Urbanization: Rising disposable incomes and urbanization in India lead to increased consumption of packaged goods and other plastic products.

Demand from End-User Industries: Continued growth in sectors like FMCG, e-commerce (packaging), automotive, and construction will drive demand for plastic components and packaging.

Government Initiatives: "Make in India" campaigns and infrastructure development projects can boost industrial plastic demand.

Product Innovation & Diversification: Introducing new products, improving existing ones, or diversifying into higher-value specialty plastics.

Export Opportunities: Tapping into international markets for specific plastic products.

Risks

IIRM Holdings India Ltd. faces several risks common to the plastic products industry:

Raw Material Price Volatility: Plastic polymers are crude oil derivatives, making the company highly susceptible to fluctuations in global crude oil prices, impacting production costs and margins.

Environmental Regulations & Public Perception: Increasing global and domestic pressure against single-use plastics and growing environmental concerns can lead to stricter regulations, bans, and shifts in consumer preference towards alternatives, impacting demand and requiring investment in eco-friendly solutions.

Intense Competition: The fragmented nature of the industry leads to price wars and pressure on profit margins.

Economic Downturns: A slowdown in the Indian economy or key end-user industries can reduce demand for plastic products.

Technological Obsolescence: Failure to adopt new manufacturing technologies or processes can lead to inefficiency and loss of competitiveness.

Forex Risk: For companies involved in import of raw materials or export of finished goods, currency fluctuations pose a risk.

Management & Ownership

As an Indian company, IIRM Holdings India Ltd. is typically led by a promoter group that holds a significant stake and often plays a key role in strategic decision-making. Specific details about the management team's experience, track record, or the detailed ownership structure (promoter vs. institutional vs. public holding) are not available in the provided information.

Outlook

The outlook for IIRM Holdings India Ltd. is generally tied to the broader Indian economic growth trajectory and the evolving dynamics of the plastic products industry.

Bull Case: Continued economic expansion, increasing urbanization, and robust demand from diverse end-user sectors (FMCG, e-commerce, automotive) could provide a strong demand environment. If IIRM can effectively manage its input costs, innovate its product offerings, and build strong customer relationships, it could capitalize on these growth drivers. Diversification into recycled plastics or high-value specialty products could also open new avenues.

Bear Case: Significant volatility in raw material prices, coupled with increasing environmental regulations and growing public aversion to plastics, could put severe pressure on margins and demand. Intense competition in a fragmented market might limit pricing power. An economic slowdown could also dampen demand across its customer base. The ability to adapt to sustainable practices and navigate regulatory changes will be critical.

IIRM Holdings India Share Price

Live · BSE / NSE · Inception: 1992
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

IIRM Holdings India Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 178 66 48 50 55 68 59 61 64 74
Other Income 2 0 0 0 1 0 0 0 1 0
Total Income 180 66 48 50 56 68 60 61 65 74
Total Expenditure 133 50 35 42 46 52 46 48 48 55
Operating Profit 47 16 13 8 10 16 14 13 17 18
Interest 3 1 1 1 1 1 2 2 3 4
Depreciation 12 3 3 3 4 4 5 4 4 4
Exceptional Income / Expenses 0 0 -0 0 -1 0 0 -0 -0 0
Profit Before Tax 32 12 9 5 4 10 7 6 10 10
Provision for Tax 9 3 2 2 2 3 2 2 4 3
Profit After Tax 23 9 8 3 2 8 5 5 7 8
Adjustments 0 0 0 0 -0 0 0 0 0 -0
Profit After Adjustments 23 9 8 3 2 8 5 5 7 8
Adjusted Earnings Per Share 3.3 1.3 1.1 0.4 0.3 1.1 0.8 0.7 1 1.1

IIRM Holdings India Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 178 219 252 258
Other Income 2 2 2 1
Total Income 180 221 254 260
Total Expenditure 133 175 194 197
Operating Profit 47 46 60 62
Interest 3 3 8 11
Depreciation 12 13 17 17
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 32 31 34 33
Provision for Tax 9 9 10 11
Profit After Tax 23 22 24 25
Adjustments 0 0 0 0
Profit After Adjustments 23 22 24 25
Adjusted Earnings Per Share 3.3 3.2 3.6 3.6

IIRM Holdings India Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 109 132 157
Minority's Interest 3 1 1
Borrowings 3 9 69
Other Non-Current Liabilities 5 8 12
Total Current Liabilities 36 35 43
Total Liabilities 156 185 282
Fixed Assets 39 62 58
Other Non-Current Assets 25 10 21
Total Current Assets 92 113 203
Total Assets 156 185 282

IIRM Holdings India Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents -25 7 6
Cash Flow from Operating Activities -52 6 22
Cash Flow from Investing Activities -31 -16 -13
Cash Flow from Financing Activities 114 9 61
Net Cash Inflow / Outflow 32 -1 70
Closing Cash & Cash Equivalent 7 6 76

IIRM Holdings India Ratios

# Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.32 3.17 3.58
CEPS(Rs) 5.07 5.02 6.11
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 15.99 19.4 23.01
Core EBITDA Margin(%) 24.94 20.14 22.98
EBIT Margin(%) 19.47 15.21 16.74
Pre Tax Margin(%) 17.8 13.92 13.63
PAT Margin (%) 12.73 9.86 9.66
Cash Profit Margin (%) 19.43 15.59 16.52
ROA(%) 14.52 12.68 10.43
ROE(%) 20.77 17.94 16.86
ROCE(%) 27.72 23.75 21.15
Receivable days 92.24 97.56 114.34
Inventory Days 0 0 0
Payable days 0 0 0
PER(x) 0 26.63 21.58
Price/Book(x) 0 4.36 3.35
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.24 2.71 2.13
EV/Core EBITDA(x) 0.93 12.92 9.01
Net Sales Growth(%) 0 23.41 14.9
EBIT Growth(%) 0 -3.62 26.52
PAT Growth(%) 0 -4.44 12.65
EPS Growth(%) 0 -4.44 12.65
Debt/Equity(x) 0.15 0.18 0.55
Current Ratio(x) 2.58 3.26 4.66
Quick Ratio(x) 2.58 3.26 4.66
Interest Cover(x) 11.63 11.85 5.38
Total Debt/Mcap(x) 0 0.04 0.16

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +15% — — —
Operating Profit CAGR +30% — — —
PAT CAGR +9% — — —
Share Price CAGR +61% +79% — +28%
ROE Average +17% +19% +19% +19%
ROCE Average +21% +24% +24% +24%

IIRM Holdings India Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 56.59 %
FII 0 %
DII (MF + Insurance) 2.99 %
Public (retail) 40.42 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 60.8260.8260.8260.8260.8260.8257.8957.8957.8956.59
FII 0000000000
DII 0.660.660.660.660.660.660.660.660.662.99
Public 38.5238.5238.5238.5238.5238.5241.4541.4541.4540.42
Others 0000000000
Total 100100100100100100100100100100

IIRM Holdings India Peer Comparison

Plastic Products Edit Columns

IIRM Holdings India Quarterly Price

10-year quarterly close · BSE
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News & Updates

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IIRM Holdings India Pros & Cons

Pros

Cons

  • Stock is trading at 4.4 times its book value.
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