💰 Financial Performance

Revenue Growth by Segment

Total operating income grew 9.5% YoY to INR 72.4 Cr in Fiscal 2025, up from INR 66.1 Cr in Fiscal 2024. Segment-specific growth percentages are not disclosed.

Geographic Revenue Split

Not disclosed in available documents, though the company operates manufacturing facilities in Daman and Kandla, Gujarat.

Profitability Margins

Net profit margin (PAT margin) improved from 1.51% in Fiscal 2024 to 1.83% in Fiscal 2025. Reported PAT grew 30% YoY to INR 1.3 Cr.

EBITDA Margin

Operating margins are monitored for a threshold of 5%; a fall below this level is considered a downward rating factor. Specific EBITDA % for FY25 is not explicitly stated.

Credit Rating & Borrowing

Crisil BB+/Stable for long-term and Crisil A4+ for short-term bank facilities totaling INR 28 Cr. Bank limits were utilized at approximately 85% for the 12 months ending September 2025.

⚙️ Operational Drivers

Raw Materials

Plastic resins and polymers used for manufacturing plastic thermoware products. Specific cost percentages per material are not disclosed.

📈 Strategic Growth

Expected Growth Rate

9.50%

Growth Strategy

The company is executing a strategy to optimize its asset base by selling idle immovable property in Marol, Mumbai (817.50 sq. meters) to M/s. Afitaplus Ventures LLP. Proceeds will be used to pay off debt, enhance working capital, and reinvest in growth-aligned business areas.

Products & Services

Plastic thermoware products including lunch boxes, ice cooler boxes, and ice jugs.

Brand Portfolio

Pinnacle

New Products/Services

Continuous product development is mentioned as a driver for a diversified portfolio, though specific new launch contribution % is not disclosed.

🌍 External Factors

Industry Trends

The household plastic products industry is evolving through continuous product development and geographical diversification. TPIL is positioning itself by leveraging its 40-year promoter experience to maintain supplier and customer relationships.

Competitive Landscape

The company faces a moderate scale of operations (INR 60-80 Cr range) compared to larger industry peers.

Competitive Moat

Durable advantage stems from the four-decade-long experience of promoters in the household plastic products industry and the established 'Pinnacle' brand name.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with Section 102 of the Companies Act, 2013 and SEBI Listing Obligations & Disclosure Requirements (LODR) for the disposal of substantial company undertakings (property sale).

⚠️ Risk Analysis

Key Uncertainties

Working capital intensity (221 days GCA) and moderate scale of operations (INR 72.4 Cr revenue) are primary business risks that could impact liquidity if revenue growth stalls.

Geographic Concentration Risk

Manufacturing facilities are concentrated in Daman and Kandla, Gujarat.

Credit & Counterparty Risk

Net cash accruals to adjusted debt stood at 0.17 times for Fiscal 2025, indicating moderate debt protection metrics.