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TOKYOPLAST - Tokyo Plast Intl

📊 NSE: TOKYOPLAST 🏢 Plastics Products 📅 Last Updated: 12/14/2025 14:26

📢 Recent Corporate Announcements

Tokyo Plast Complies with SEBI Regulation 74(5) for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 04:22 PM

Tokyo Plast International Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed within the mandated timelines. It further verifies that physical certificates were mutilated and cancelled, and the names of the depositories were updated in the register of members. This is a standard procedural filing ensuring the integrity of the company's shareholding records.

Compliance confirmed for the quarter ended December 31, 2025
Dematerialization requests were accepted or rejected and processed within prescribed timelines
Physical security certificates were mutilated and cancelled after due verification
Registrar MUFG Intime India Private Limited (formerly Link Intime) issued the confirmation
Securities are confirmed to be listed on the stock exchanges where earlier shares are listed

💡 No action is required from investors as this is a routine administrative filing confirming regulatory compliance regarding share dematerialization.

Tokyo Plast Issues Corrigendum for Q3 FY26 Results; No Impact on Net Profit

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jan 2026, 12:58 PM

Tokyo Plast International Limited has issued a corrigendum regarding its financial results for the quarter and nine months ended December 31, 2025. The company clarified that an inadvertent clerical error led to the misclassification of certain expense figures in the initial submission. Management has explicitly stated that this correction does not affect the total expenses, profit/loss, or the overall financial position of the company. For Q3 FY26, the company reported a standalone total income of ₹1,714.58 lakhs and a marginal standalone net loss of ₹1.07 lakhs.

Correction of clerical error in expense classification for Q3 and 9M FY26 results with no impact on bottom-line figures.
Standalone Revenue from Operations for Q3 FY26 stood at ₹1,714.40 lakhs compared to ₹2,108.70 lakhs in the preceding quarter.
Standalone Net Profit for the nine-month period ended December 31, 2025, remains at ₹128.24 lakhs.
Consolidated net loss for Q3 FY26 was reported at ₹13.53 lakhs, primarily due to losses in its subsidiary Pinnacle Drinkware Private Limited.
Total standalone expenses for Q3 FY26 were corrected but remained at ₹1,705.19 lakhs.

💡 Investors should acknowledge the correction as a routine administrative update that does not change the company's financial health. The focus should remain on the company's declining quarterly revenue and thin profit margins.

Tokyo Plast Issues Corrigendum for Q3 FY26 Results; No Impact on Net Profit

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 14 Jan 2026, 12:23 PM

Tokyo Plast International Limited has issued a corrigendum regarding its financial results for the quarter and nine months ended December 31, 2025. The company clarified that certain expense figures were incorrectly classified in the initial submission due to a clerical error. Management has confirmed that this correction does not impact the total expenses, profit/loss, or the overall financial position of the company. For Q3 FY26, the company reported standalone revenue of ₹1,714.40 lakhs and a marginal standalone net loss of ₹1.07 lakhs.

Clerical error in expense classification corrected for Q3 and 9M FY26 results with no impact on bottom-line figures.
Standalone Revenue for Q3 FY26 stood at ₹1,714.40 lakhs, a decrease from ₹1,905.36 lakhs in the corresponding quarter of the previous year.
Standalone Net Loss for the quarter was ₹1.07 lakhs, compared to a profit of ₹8.12 lakhs in the same period last year.
For the nine-month period ended December 31, 2025, standalone Net Profit reached ₹128.24 lakhs on a revenue of ₹5,643.83 lakhs.
Consolidated Q3 FY26 results showed a net loss of ₹13.53 lakhs, primarily due to losses in the subsidiary Pinnacle Drinkware Private Limited.

💡 Investors should treat this as a routine administrative update as the fundamental financial performance remains unchanged from the initial report. The focus should remain on the company's declining quarterly revenue and the impact of subsidiary losses on consolidated performance.

Tokyo Plast Q3 Results: Standalone Revenue at ₹17.14 Cr, Reports Marginal Net Loss

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Jan 2026, 08:48 PM

Tokyo Plast International reported a standalone revenue of ₹17.14 crore for the quarter ended December 31, 2025, marking a decline from ₹19.05 crore in the same period last year. The company posted a marginal standalone net loss of ₹1.07 lakhs for the quarter, down from a profit of ₹8.12 lakhs year-on-year, largely due to compressed margins and tax expenses. On a consolidated basis, the net loss was wider at ₹13.53 lakhs for Q3 FY26. Despite the weak quarter, the nine-month standalone net profit improved to ₹1.28 crore compared to ₹0.85 crore in the previous year.

Standalone revenue for Q3 FY26 decreased 10% YoY to ₹17.14 crore from ₹19.05 crore.
Reported a standalone net loss of ₹1.07 lakhs in Q3 FY26 against a profit of ₹8.12 lakhs in Q3 FY25.
Consolidated net loss for the quarter stood at ₹13.53 lakhs, reflecting losses in subsidiary operations.
Standalone 9-month net profit showed growth, reaching ₹1.28 crore vs ₹0.85 crore in the prior year.
Total standalone expenses for the quarter were ₹17.05 crore, with raw material costs accounting for ₹11.08 crore.

💡 Investors should be cautious as the company has swung into a quarterly loss despite stable nine-month performance. It is advisable to wait for signs of revenue recovery and margin stabilization in the upcoming quarters.

Tokyo Plast Q3 FY26 Standalone Revenue Drops 10% YoY to ₹17.14 Cr; Reports Marginal Net Loss

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Jan 2026, 08:41 PM

Tokyo Plast International reported a weak set of numbers for Q3 FY26, with standalone revenue declining 10% YoY to ₹17.14 crore. The company swung to a marginal standalone net loss of ₹1.07 lakhs for the quarter, compared to a profit of ₹8.12 lakhs in the same period last year and ₹69.69 lakhs in the preceding quarter. While the 9-month standalone profit of ₹1.28 crore remains higher than the previous year's ₹0.85 crore, the sharp sequential drop in performance is a concern. Consolidated results were further weighed down by a ₹12.46 lakh loss from its subsidiary, Pinnacle Drinkware Private Limited.

Standalone Revenue from Operations fell 10% YoY to ₹1714.40 lakhs from ₹1905.36 lakhs.
Standalone Net Profit swung to a loss of ₹1.07 lakhs from a profit of ₹8.12 lakhs in Q3 FY25.
Quarter-on-Quarter (QoQ) revenue declined by 18.7% compared to ₹2108.70 lakhs in Q2 FY26.
Subsidiary Pinnacle Drinkware Private Limited reported a net loss of ₹12.46 lakhs for the quarter.
Standalone 9-month net profit improved to ₹128.24 lakhs compared to ₹84.91 lakhs in the previous year.

💡 Investors should exercise caution due to the significant sequential decline in revenue and the swing into a quarterly loss. Monitor the performance of the subsidiary and the company's ability to recover margins in the final quarter.

Tokyo Plast to Close Trading Window from January 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 03:34 PM

Tokyo Plast International Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the declaration of the company's unaudited financial results. The specific date for the board meeting to approve these results will be communicated separately.

Trading window closure effective from January 1, 2026.
Closure is in relation to the unaudited financial results for the quarter ended December 31, 2025.
Restriction applies to Directors, Promoters, KMPs, and designated employees.
Trading window will reopen 48 hours after the financial results are declared.

💡 This is a routine regulatory announcement with no impact on company fundamentals; investors should monitor for the upcoming Q3 earnings date.

Tokyo Plast EGM held on December 10, 2025

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 11 Dec 2025, 12:06 PM

Tokyo Plast International Limited held its Extraordinary General Meeting (EGM) on Wednesday, December 10, 2025, at 12:00 PM via video conferencing. The deemed venue for the EGM was the company's registered office. The company submitted the Scrutinizer’s Report pursuant to Regulation 44 (3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

EGM held on December 10, 2025 at 12:00 PM
Scrutinizer’s Report submitted pursuant to Regulation 44 (3)
Registered office is Plot No.363/1, (1,2,3), Shree Ganesh Industrial Estate, KachigaumRoad, Daman – 396 210(U.T.)

💡 This is a routine announcement. Investors can review the Scrutinizer's Report for details on the resolutions passed at the EGM.

Tokyo Plast EGM held on December 10, 2025

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 11 Dec 2025, 11:59 AM

EGM held on December 10, 2025 at 12:00 PM
Scrutinizer’s Report submitted pursuant to Regulation 44 (3)
Registered office is Plot No.363/1, (1,2,3), Shree Ganesh Industrial Estate, KachigaumRoad, Daman – 396 210(U.T.)

💡 This is a routine announcement. Investors should review the Scrutinizer's Report when it becomes available for details on the resolutions passed at the EGM.

Tokyo Plast EGM held on December 10, 2025

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 10 Dec 2025, 03:41 PM

Tokyo Plast International Limited convened an Extraordinary General Meeting (EGM) on December 10, 2025, via video conferencing, with 53 shareholders in attendance. The meeting addressed the approval for the sale of the Company’s immovable property. Mr. Haresh Velji Shah chaired the proceedings after Mr. Velji L. Shah expressed his inability to attend. Members who had not voted electronically were provided an opportunity to vote during the meeting.

EGM held on December 10, 2025
EGM was attended by 53 shareholders
Approval sought for sale of Company’s immovable property
Mr. Haresh Velji Shah chaired the meeting

💡 Shareholders should review the voting results on the proposed sale of the company's immovable property once they are released. Monitor company announcements for updates on the sale process.

View All TOKYOPLAST Announcements on Live Market Tracking →

💰 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.