East India Drums - East India Drums

📊 BSE: 523874 🏢 Trading & Distributors 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents as the company has not been engaged in active business operations for several years.

Profitability Margins

Not disclosed; the company is currently non-functional and undergoing the Corporate Insolvency Resolution Process (CIRP).

Capital Expenditure

Not disclosed; future capital expenditure is dependent on the approval and implementation of the Resolution Plan.

⚙️ Operational Drivers

Raw Materials

Steel (implied by product name and mention of steel industry volatility). Specific percentage of total cost not disclosed.

Capacity Expansion

Current capacity is non-functional as operations have been suspended for several years; resumption and expansion are contingent on the amalgamation with East India Drums & Barrels Manufacturing Limited post-CIRP approval.

Raw Material Costs

Not disclosed; however, management identifies steel industry volatility as a key threat that could lead to price fluctuations in input costs.

Manufacturing Efficiency

Not applicable as the company is currently non-operational.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The growth strategy is entirely dependent on the success of the Corporate Insolvency Resolution Process (CIRP) and the anticipated approval of the Resolution Plan. Post-approval, the company plans to resume operations through amalgamation, expand its product range, and target 'preferred supplier' status among major steel drum buyers in India and neighboring countries.

Products & Services

Steel drums and barrels.

Brand Portfolio

East India Drums & Barrels Manufacturing Limited (formerly Precision Containeurs Ltd.)

New Products/Services

Expansion of product range is planned post-operationalization; specific contribution percentages are not disclosed.

Market Expansion

The company aims to enter new markets where it currently has limited or no presence post-operationalization.

Strategic Alliances

Amalgamation with East India Drums & Barrels Manufacturing Limited (the Resolution Applicant) is the primary strategic move.

🌍 External Factors

Industry Trends

The industry is characterized by excess manufacturing capacity and a shift toward alternative packaging solutions. However, government reforms for MSMEs, such as the Credit Guarantee Fund Scheme and MUDRA, provide a supportive regulatory environment for recovery.

Competitive Landscape

Key competition arises from alternative packaging (ISO tankers/flexi-tanks) and other steel drum manufacturers operating in a high-capacity, low-margin environment.

Competitive Moat

The company relies on its legacy and the potential to attain 'preferred supplier' status post-restructuring. Its moat is currently weak due to non-operational status but could be rebuilt through industry consolidation.

Macro Economic Sensitivity

The company is sensitive to Indian GDP growth, which is projected at 6.5% to 7% for FY 2024-25. Inflationary pressures and rising central bank interest rates are noted as factors that could impact commodity prices and operational costs.

Consumer Behavior

A shift toward more efficient or flexible packaging solutions like flexi-tanks is affecting traditional drum demand.

Geopolitical Risks

Geopolitical tensions, specifically the war in Ukraine, are identified as factors contributing to global economic volatility and potential supply chain disruptions.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with MSME reforms and RBI liquidity packages. Operations are subject to government policies and market liberalization by the Government of India.

Legal Contingencies

The company is currently under the Corporate Insolvency Resolution Process (CIRP). It has a promoter shareholding of 94.76% (1,39,99,965 shares) and is working toward the approval of a Resolution Plan.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the successful completion of the CIRP and the subsequent amalgamation. Failure to operationalize under the Resolution Plan would result in continued business inactivity.