Mamata Machinery Limited (MAMATA)
₹391.90 +0.33% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mamata Machinery's revenue was ₹36.3 Cr (+31.5% year on year, -50.8% on the previous quarter), and net profit ₹-3.5 Cr (against a profit a year earlier); the operating margin was -13.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹36.3 | +31.5% | -50.8% |
| Operating profit | ₹-4.7 | to loss | to loss |
| Net profit | ₹-3.5 | to loss | to loss |
| EPS (₹) | -1.41 | to loss | — |
| Operating margin | -13.0% | — | — |
MAMATA delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 45.64% of the MAMATA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.44%. That is close to its usual level. 3 bulk or block deals were reported in MAMATA in the last 60 days: ₹16 Cr bought and ₹23 Cr sold.
Delivery in the last 5 sessions: 58.2% · 48.2% · 42.2% · 55.8% · 45.6%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 28 Sep | Sell | Mamata Group Corporate Services Llp | ₹23.26 Cr | ₹401.20 | 579,654 | Bulk |
| 28 Sep | Buy | Sandipkumar P. Jain | ₹10.03 Cr | ₹401.15 | 250,000 | Bulk |
| 28 Sep | Buy | Riddhesh Girishbhai Bhandari | ₹5.90 Cr | ₹401.15 | 147,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Mamata Machinery announced that its recyclable high-barrier packaging film, RecTech, received APR Design for Recyclability Recognition from the US Association of Plastic Recyclers on October 13, 2026, valid until October 13, 2031. This builds on previous certifications from CIPET (India) in May 2026 and Institut cyclos-HTP (Europe), validating its technology across three major markets. While the development opens commercial opportunities in the US flexible packaging market, it does not disclose any immediate order wins or revenue commitments. The company reported TTM revenue of Rs 231 Cr with FY26 PAT of Rs 14.4 Cr.
- RecTech received US APR Design for Recyclability Recognition on October 13, 2026, valid through October 13, 2031
- Tested laminate incorporated up to 4% EVOH, 2% MAH tie layers, 1.55% PU ink, and 2.33% PU laminating adhesive by weight
- Certification completes three-market validation including CIPET India (certified May 22, 2026) and Institut cyclos-HTP Germany
- Mamata operates over 5,400 machine installations across 80 countries worldwide
Mamata Machinery Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent, on October 3, 2026. It confirms that securities received for dematerialisation during the period were duly verified, accepted or rejected, and that certificates were mutilated and cancelled as per standard depository regulations. This is a purely procedural regulatory disclosure with no impact on business operations or financials.
- Regulation 74(5) demat compliance filed for the quarter ended September 30, 2026
- Certificate received from RTA MUFG Intime India Private Limited dated October 3, 2026
- Filing submitted to BSE (Scrip Code: 544318) and NSE (Symbol: MAMATA) on October 6, 2026
- Confirms mutilation and cancellation of physical certificates within prescribed timelines
Mamata Machinery announced that the Indian Patent Office has issued a grant order for its patent application relating to the production of 4-up BOPP bags on its Quadra 600 machine. The grant strengthens the company's intellectual property portfolio protecting its converting machinery solutions. Mamata operates across the flexible packaging machinery value chain with over 5,400 installations in 80 countries.
- Received patent grant from Indian Patent Office for 4-up BOPP bag technology on Quadra 600 machine
- Strengthens proprietary IP portfolio within converting and packaging machinery solutions
- Company maintains an installed base of over 5,400 machines across 80 countries worldwide
- Backed by over 35 years of flexible packaging engineering experience
Mamata Machinery Limited has been issued a patent grant order by the Indian Patent Office under the Patents Act, 1970. The patent covers technology relating to the production of 4-up BOPP bags on the company's Quadra 600 machine. This strengthens the company's intellectual property and technological moat in flexible packaging machinery. While the filing does not detail direct financial metrics, it supports product defensibility against peers across its ₹222 Cr TTM revenue base.
- Patent grant order issued by the Indian Patent Office under the Patents Act, 1970.
- Patent covers the production of 4-up BOPP bags on the proprietary Quadra 600 machine.
- Disclosure formally intimated to stock exchanges on August 21, 2026.
- Supports the company's positioning within the flexible packaging machinery space.
Mamata Machinery Limited has filed a patent application with the Indian Patent Office for its proprietary Die and Screw design. This design serves as the core enabling technology behind 'RecTech', the company's recyclable film packaging technology. The intellectual property filing aims to strengthen its product moat in sustainable flexible packaging solutions. Mamata operates with an installed base of over 5,400 machines across 80 countries, backed by a TTM revenue base of Rs 222 Cr.
- Filed patent application with the Indian Patent Office for proprietary Die and Screw design.
- Technology serves as the core foundation for 'RecTech', the firm's Recyclable Film Technology.
- Company highlights global footprint with >5,400 machine installations across 80 countries.
- Backed by over 35 years of engineering experience in flexible packaging machinery.
Mamata Machinery Limited has submitted a patent application to the Indian Patent Office for its proprietary Die and Screw Design. This design forms the core mechanism for the company's Recyclable Film Technology ('RecTech'). The filing is intended to protect the company's intellectual property as it targets sustainable packaging solutions. While this represents technological progress, commercial monetization and regulatory grant timelines remain to be tracked.
- Filed patent application with the Indian Patent Office on August 18, 2026
- Application covers proprietary Die and Screw Design for Recyclable Film Technology ('RecTech')
- Aims to secure IP protection for machinery targeting eco-friendly and recyclable film packaging solutions
Mamata Machinery reported weak Q1FY27 financial performance with revenue from operations falling 6% YoY to Rs 36.28 Cr (Rs 3,628 Lakhs) due to customers deferring machine deliveries. Operating performance dipped into the red with an EBITDA loss of Rs 4.70 Cr and a net loss of Rs 3.47 Cr, heavily weighed down by elevated marketing expenses for trade shows (such as Interpack 2026 in Düsseldorf) and higher employee costs. Management highlighted that order intake remains healthy, but polymer price spikes from the West Asia crisis forced packaging converters to redirect capex toward immediate working capital. Operationally, the company received 100% Recyclability Certification in the European Union for its RecTech film technology in August 2026.
- Q1FY27 revenue from operations declined 6% YoY to Rs 3,628 Lakhs (Rs 36.28 Cr).
- Posted an EBITDA loss of Rs 470 Lakhs (-Rs 4.70 Cr) and a PAT loss of Rs 347 Lakhs (-Rs 3.47 Cr).
- Customer deliveries deferred due to polymer price inflation straining client working capital.
- OPEX inflated by major exhibition spend, including Interpack 2026 in Düsseldorf.
- RecTech technology received 100% Recyclability Certification in the European Union in August 2026.
Mamata Machinery Limited has been granted a patent by the Indian Patent Office for an invention titled 'Pouch Shuttle Mechanism for Horizontal Form Fill Seal Machine'. The patent has been awarded for a term of 20 years under the provisions of the Patents Act, 1970. This development reinforces the company's proprietary technology moat within the flexible packaging machinery segment, supporting its broader portfolio against a TTM revenue base of ₹222 Cr.
- Patent granted for 'Pouch Shuttle Mechanism for Horizontal Form Fill Seal Machine'
- Protection granted for a full term of 20 years under the Patents Act, 1970
- Announced via exchange disclosure on August 14, 2026
Mamata Machinery reported Q1FY27 revenue of ₹36.28 Cr (3,628 Lakhs), down 6% YoY, due to slower execution as converter clients deferred machine deliveries amid polymer price inflation. The company posted an EBITDA loss of ₹4.70 Cr ((470) Lakhs) and a net PAT loss of ₹3.47 Cr ((347) Lakhs) for the quarter. Profitability was also affected by elevated OPEX from international trade exhibitions including Interpack 2026. On the product front, its RecTech recyclable film technology secured 100% Recyclability Certification in the European Union in August 2026.
- Q1FY27 revenue reported at ₹36.28 Cr (3,628 Lakhs), down 6% YoY due to customer delivery pushbacks.
- Reported an EBITDA loss of ₹4.70 Cr ((470) Lakhs) and a net loss (PAT) of ₹3.47 Cr ((347) Lakhs).
- Profitability weighed down by exhibition expenses (Interpack 2026 in May) and increased employee costs.
- RecTech recyclable film technology received 100% Recyclability Certification in the EU in August 2026.
Mamata Machinery Limited approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in a board meeting held on August 14, 2026. The company also inducted Mrs. Prachi P. Shah, a Non-executive Independent Director, into the Audit Committee to ensure regulatory compliance. Given the company's TTM revenue of ₹222 Cr and a market cap of ₹1058 Cr, the market will focus on whether the Q1 performance overcomes the historical seasonality where revenue is typically skewed toward the second half of the year.
- Board approved unaudited financial results for the quarter ended June 30, 2026.
- Audit Committee reconstituted to include Mrs. Prachi P. Shah (DIN: 06726226) as a member.
- The Audit Committee now comprises 4 members, including 3 Non-executive Independent Directors.
- The board meeting was conducted within a 30-minute window from 03:30 P.M. to 04:00 P.M.
Mamata Machinery Limited concluded its 47th Annual General Meeting (AGM) on August 10, 2026, with shareholders approving all six proposed resolutions. Key approvals include the adoption of FY26 standalone and consolidated financial statements and the declaration of a dividend for the financial year. Additionally, shareholders ratified the appointment of Mrs. Prachi P. Shah as an Independent Director for a five-year term and the re-appointment of Mr. Chandrakant B. Patel. The meeting was attended by 38 shareholders via video conferencing against a total shareholder base of 53,947 as of the record date.
- 6 resolutions passed with requisite majority during the 47th Annual General Meeting.
- 53,947 total shareholders recorded as of the cut-off date on August 03, 2026.
- Mrs. Prachi P. Shah appointed as Independent Director for a 5-year term ending May 28, 2031.
- 38 shareholders (4 Promoters and 34 Public) attended the meeting through Video Conferencing.
- Dividend for FY26 approved by shareholders, following a year where PAT stood at Rs 14.41 Cr.
Mamata Machinery Limited held its 47th Annual General Meeting on August 10, 2026, to formalize the adoption of FY26 financial results and declare a dividend. The company reported FY26 revenue of ₹221.9 cr and a net profit of ₹14.4 cr, reflecting a decline from FY25 levels. Key resolutions included the re-appointment of Mr. Chandrakant B. Patel and the appointment of Mrs. Prachi P. Shah as an Independent Director for a five-year term. A total of 38 members attended the virtual meeting, and voting results are expected to be filed separately.
- 47th Annual General Meeting held on August 10, 2026, with 38 members in attendance via video conferencing
- Adoption of FY26 audited financial statements reporting revenue of ₹221.9 cr and PAT of ₹14.4 cr
- Appointment of Mrs. Prachi P. Shah as a Non-executive Independent Director for a 5-year term until May 28, 2031
- Remote e-voting facility was provided to shareholders from August 6 to August 9, 2026
- Ratification of Cost Auditors’ remuneration for the upcoming financial year 2026-27
Mamata Machinery has received a 100% recyclability certification from Germany's Institut cyclos-HTP for its 'RecTech' mono-material film technology. This follows an Indian certification from CIPET on May 22, 2026, and functionality validation from IIP Kolkata. The company is targeting a 10 million ton global market for recyclable films, which is a key pillar of its 31% expected growth strategy. With a TTM revenue of Rs 222 Cr and a high P/E of 70.7, international validation of its R&D is critical for future commercial scaling.
- Received 100% Recyclability Certification from Institut cyclos-HTP GmbH, Germany
- Technology targets a global recyclable film market opportunity of 10 million tons
- Previous Indian recyclability certification received from CIPET on May 22, 2026
- Company maintains a global footprint with 5,400+ machine installations in 80 countries
- Certification from the Association of Plastic Recyclers (APR), USA is currently awaited
Mamata Machinery has resumed manufacturing at its Ahmedabad plant as of July 30, 2026, following a brief 5-day disruption caused by heavy rainfall and flooding. The suspension began on July 25, 2026, affecting the Moraiya facility. Management has confirmed that all assets are safe and adequately insured, and they do not expect any material financial impact from this event. Given the company's TTM revenue of ₹222 Cr, a 5-day halt is unlikely to significantly alter annual performance.
- Manufacturing operations resumed on July 30, 2026, following a 5-day suspension.
- The disruption was caused by unprecedented heavy rainfall in Ahmedabad starting July 25, 2026.
- Company maintains over 5,400 machine installations across 80 countries globally.
- Management expects no material financial impact as all assets are safe and insured.
- The affected plant is located at Moraiya, Sanand, Ahmedabad.
Mamata Machinery has resumed manufacturing operations at its Ahmedabad facility effective July 30, 2026, following a temporary suspension that began on July 25, 2026. The shutdown was caused by flooding from unprecedented heavy rainfall, which has now substantially receded. The company is currently assessing the financial impact, though it confirmed that all assets are adequately insured. Given the short 5-day duration of the disruption, the impact on the company's TTM revenue of ₹222 crore is expected to be minimal.
- Manufacturing operations resumed on July 30, 2026, after a 5-day weather-related shutdown.
- The suspension was initiated on July 25, 2026, due to flooding at the Ahmedabad plant.
- Restoration and clean-up activities have been completed following the recession of floodwaters.
- All company assets are adequately insured, with the insurance provider already notified of the event.
- The company is a leading player in the $8.3 billion global flexible packaging machinery market.
Financial Performance
Revenue Growth by Segment
Revenue grew 31% YoY in H1FY26 to INR 92.03 Cr and 25% YoY in Q2FY26 to INR 53.37 Cr. FY25 revenue was INR 254.6 Cr, an 8% increase from FY24's INR 236.6 Cr.
Geographic Revenue Split
Exports contributed 70% of revenue in H1FY26 and 71% in FY25, with the remaining 30% and 29% respectively coming from the domestic Indian market.
Profitability Margins
FY25 margins: Gross Margin 61%, Operating Margin 21%, Net Margin 16%. H1FY26 PAT margin was 8%, up 89 bps YoY, while Q2FY26 PAT margin was 8%, down 222 bps YoY due to high exhibition spending.
EBITDA Margin
EBITDA margin was 11% in H1FY26 (up 310 bps YoY) and 12% in Q2FY26 (up 22 bps YoY). FY25 EBITDA margin was 21%, compared to 20% in FY24.
Capital Expenditure
The company operates a robust, asset-light manufacturing model with the potential to grow from existing facilities without incurring significant CAPEX in the near term.
Credit Rating & Borrowing
The company is net-debt-free with healthy liquidity. Finance costs decreased 48% YoY in H1FY26 to INR 0.21 Cr from INR 0.40 Cr in H1FY25.
Operational Drivers
Raw Materials
Cost of Goods Sold (COGS) represents 39% of revenue as of FY25, down from 43% in FY24.
Capacity Expansion
Management indicates the ability to grow from the existing facility without significant CAPEX; specific MT or unit capacity is not disclosed.
Raw Material Costs
COGS was 39% of revenue in FY25, showing a 4% improvement from FY24 (43%) due to operational efficiencies and procurement strategies.
Manufacturing Efficiency
Maintains high contribution margins with a 4-year average Gross Profit Margin of 57% and an asset-light manufacturing model.
Strategic Growth
Expected Growth Rate
31%
Growth Strategy
Growth will be achieved by penetrating new export markets (Africa, Middle East, Europe, Asia, South-Central America), expanding the product base within existing categories, and introducing new product categories for larger end-use segments.
Products & Services
Total flexible packaging machinery solutions, including machines for recyclable films and pouch-making machinery.
Brand Portfolio
MAMATA
New Products/Services
New product categories targeting recyclable films, which represent a 10 million ton global opportunity.
Market Expansion
Targeting increased penetration in Africa, Middle East, Europe, Asia, and South-Central America.
Market Share & Ranking
Leading player in the $8.3 billion global flexible packaging machinery market; aims to become the first Indian conglomerate in the sector.
Strategic Alliances
Operates through subsidiaries like Mamata Enterprises Inc (USA), which executed INR 41 Cr in the current financial year.
External Factors
Industry Trends
The global packaging machinery market is $8.3 billion. A major trend is the shift toward recyclable films (10 million ton opportunity), which Mamata is positioning its machinery to address.
Competitive Landscape
The global market is dominated by four conglomerates doing $6 billion in revenue; Mamata competes as a leading Indian player aiming for conglomerate status.
Competitive Moat
Sustainable advantages include an asset-light manufacturing model, R&D-driven leadership, and a strong global presence with 70% export contribution.
Macro Economic Sensitivity
Highly sensitive to global demand and trade cycles, as 70-71% of revenue is derived from exports.
Consumer Behavior
Shift toward smarter, more responsible, and recyclable packaging formats is driving demand for new machinery solutions.
Geopolitical Risks
Exposure to international markets (70% revenue) makes the company vulnerable to trade barriers and geopolitical shifts in regions like the US and Europe.
Regulatory & Governance
Industry Regulations
Operations are influenced by global environmental norms and the transition toward recyclable materials in the packaging industry.
Environmental Compliance
Focusing on sustainability goals by supporting the transition to smarter, more responsible packaging formats without compromising performance.
Taxation Policy Impact
Effective tax rate is approximately 27.8% based on FY25 PBT of INR 56.5 Cr and PAT of INR 40.8 Cr.
Legal Contingencies
No reported instances of fraud or material misstatements; internal control systems are confirmed as adequate and effective.
Risk Analysis
Key Uncertainties
Business is inherently seasonal and lumpy; H1FY26 included INR 20 Cr of deferred revenue from the previous year, which can fluctuate.
Geographic Concentration Risk
70% of revenue is concentrated in export markets.
Technology Obsolescence Risk
Mitigated by continuous R&D and a focus on new product categories like recyclable film machinery.
Credit & Counterparty Risk
The company maintains a healthy financial profile with advances from customers as a key component.
