RDB Rasayans - RDB Rasayans

📊 BSE: 533608 🏢 Packaging 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 43.77% YoY to INR 148.37 Cr in FY25 from INR 103.20 Cr in FY24. The company operates in the manufacture and sale of polymer-based FIBC/woven bags and trading of raw materials.

Geographic Revenue Split

The company focuses on West Bengal and pan-India markets while aggressively tapping new global prospects to leverage its leadership in the FIBC segment.

Profitability Margins

Operating Profit Margin declined from 31.39% in FY24 to 24.31% in FY25. Net Profit Margin decreased from 23.48% in FY24 to 17.84% in FY25, primarily due to the significant increase in revenue from operations which may involve lower-margin trading activities.

EBITDA Margin

PBIDT grew 10.61% YoY to INR 37.23 Cr in FY25 from INR 33.66 Cr in FY24. The EBITDA margin stood at approximately 25.09% for FY25.

Credit Rating & Borrowing

The company has not taken any credit rating from any agency. It maintains a Debt-Equity Ratio of 0.00, indicating no long-term borrowings.

⚙️ Operational Drivers

Raw Materials

Polymer-based materials, specifically Polypropylene (PP) and Polyethylene (PE) used for FIBC and woven bags, along with raw materials for trading.

Capacity Expansion

The company is aggressively expanding business activities in West Bengal and across India, focusing on plastic processing solutions to increase revenue.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company engages in trading raw materials to enhance operational performance.

Manufacturing Efficiency

Capacity utilization is not specified, but the company leverages its leadership position in the FIBC segment to tap global prospects.

📈 Strategic Growth

Growth Strategy

Growth will be achieved by expanding business activities in West Bengal and pan-India, tapping new global prospects in the FIBC segment, and focusing on plastic processing solutions. The company also approved a material related party transaction limit of INR 200 Cr for FY26 to provide financial accommodation.

Products & Services

Polymer-based Flexible Intermediate Bulk Containers (FIBC), woven bags, and traded raw materials.

Brand Portfolio

RDB Rasayans, RDB Group.

New Products/Services

Focusing on plastic processing solutions to increase revenue streams.

Market Expansion

Targeting expansion in West Bengal, all over India, and global markets.

Market Share & Ranking

The company claims a leadership position in the FIBC segment.

🌍 External Factors

Industry Trends

The FIBC industry is evolving with increased demand for bulk packaging solutions; the company is positioning itself by focusing on plastic processing and global market penetration.

Competitive Landscape

The company competes in the global and domestic FIBC and woven bag markets.

Competitive Moat

Moat is built on its leadership position in the FIBC segment and a debt-free balance sheet, providing high financial flexibility and cost leadership potential.

Macro Economic Sensitivity

Highly sensitive to economic scenarios affecting demand and supply conditions in the polymer and packaging industry.

Consumer Behavior

Shift towards efficient bulk packaging solutions (FIBC) in industrial sectors.

Geopolitical Risks

Exposure to global trade barriers as the company seeks to expand its international footprint in the FIBC segment.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to government regulations and taxation policies affecting the plastic and polymer industry.

Legal Contingencies

No audit qualifications were reported for the financial year. No directors have been debarred or disqualified by the Ministry of Corporate Affairs.

⚠️ Risk Analysis

Key Uncertainties

Uncertainties include government regulatory changes and economic demand shifts, which could impact revenue by more than 25% as indicated by significant ratio change thresholds.