Pramara Promotions Limited (PRAMARA)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Pramara Promotions' revenue was ₹59.3 Cr (+6.5% year on year, +11.5% on the previous quarter), and net profit ₹3.9 Cr (+6.0% year on year); the operating margin was 14.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹59.3 | +6.5% | +11.5% |
| Operating profit | ₹8.7 | +14.5% | +5.1% |
| Net profit | ₹3.9 | +6.0% | -36.2% |
| EPS (₹) | 2.80 | -16.7% | -36.4% |
| Operating margin | 14.6% | — | — |
PRAMARA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.71% of the PRAMARA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.26%. That is close to its usual level. Turnover was only ₹6 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at its lower price band (circuit) on 16 Oct, one of 13 band closes in about the last 20 sessions.
Delivery in the last 5 sessions: 66.7% · 100.0% · 68.8% · 72.7% · 85.7%
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
Pramara Promotions has received 100% shareholder approval via postal ballot to migrate its equity shares from the NSE Emerge platform to the Main Board of the National Stock Exchange of India (NSE). Additionally, shareholders approved the direct listing and trading of the company's equity shares on the Main Board of BSE Limited. A total of 46,88,350 votes were polled across 25 shareholders, with all votes cast in favor. The non-promoter segment also approved the special resolution unanimously (1,98,975 votes in favor, 0 against), satisfying the SEBI ICDR requirement.
- Special resolution for migration to NSE Main Board and BSE direct listing approved with 100% votes in favor
- Total of 46,88,350 votes polled across 25 shareholders, with zero votes cast against
- Non-promoter shareholders voted 1,98,975 shares (100%) in favor, satisfying SEBI ICDR two-times requirement
- Postal ballot remote e-voting concluded on October 17, 2026, following notice dated September 12, 2026
Pramara Promotions has issued a postal ballot notice seeking shareholder approval to migrate its equity shares from the NSE Emerge SME platform to the Main Board of the NSE, along with direct listing and trading on the Main Board of the BSE. Remote e-voting opens on September 18, 2026, and concludes on October 17, 2026, with the cut-off date set as September 11, 2026. Under SEBI ICDR Regulation 277, the resolution requires votes cast by non-promoter shareholders in favor to be at least twice the votes cast against. If approved and sanctioned by the exchanges, the move aims to enhance liquidity, institutional participation, and visibility for the company.
- Postal ballot initiated to migrate listing from NSE Emerge to the Main Board of NSE and direct listing on BSE Main Board
- Remote e-voting window runs from September 18, 2026 (9:00 AM IST) to October 17, 2026 (5:00 PM IST)
- Record/Cut-off date for eligibility to vote is Friday, September 11, 2026
- Requires non-promoter votes in favor to be at least 2x the votes cast against under Regulation 277 of SEBI ICDR Regulations
Pramara Promotions' Board of Directors approved migrating its equity shares from the NSE Emerge platform to the Main Board of NSE, alongside direct listing on the Main Board of BSE. The migration is subject to shareholder approval via special resolution and regulatory clearances under SEBI ICDR Regulation 277. The company is dispatching a postal ballot notice to seek member assent, appointing CS Sunnykumar Narwani as the scrutinizer. Moving to the main board generally broadens investor access and enhances trading liquidity.
- Approved migration from NSE Emerge to the Main Board of NSE and direct listing on BSE on September 12, 2026
- Shareholder approval to be sought via special resolution under Regulation 277 of SEBI ICDR Regulations, 2018
- Appointed CS Sunnykumar Narwani of M/s VTSN and Associates LLP as Scrutinizer for the postal ballot remote e-voting
- Board meeting commenced at 02:45 p.m. and concluded at 03:15 p.m. on September 12, 2026
Pramara Promotions Limited has scheduled its 20th Annual General Meeting (AGM) for Wednesday, September 30, 2026, via Video Conferencing. The company has fixed September 23, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting, which runs from September 27 to September 29, 2026. Alongside the notice, the company published its Annual Report for FY 2025-26 detailing operating performance and subsidiary accounts.
- 20th Annual General Meeting scheduled for September 30, 2026 at 12:30 PM IST via VC/OAVM
- Record/Cut-off date for e-voting eligibility set for September 23, 2026
- Remote e-voting window opens September 27, 2026 (9:00 AM) and closes September 29, 2026 (5:00 PM)
- Manufacturing capacity reported at over 150 million products per year (250,000 to 400,000 products/day) with 4,500+ moulds
- FY26 Debt-to-Equity improved to 0.34x compared to 0.54x in FY25
Pramara Promotions Limited has restructured its board with the appointment of two Non-Executive Independent Directors, Ms. Richa Kachhawaha and Mr. Keshav Rathi, for a term of five years effective August 29, 2026, subject to shareholder approval. Concurrently, Independent Director Mr. Aditya Vikrambhai Patel resigned effective August 29, 2026, citing personal and professional engagements with no other material reasons confirmed. The board also approved the notice and scrutinizer appointment for the upcoming 20th Annual General Meeting.
- Ms. Richa Kachhawaha appointed as Additional Director (Non-Executive, Independent) for a 5-year term effective August 29, 2026
- Mr. Keshav Rathi appointed as Additional Director (Non-Executive, Independent) for a 5-year term effective August 29, 2026
- Mr. Aditya Vikrambhai Patel resigned as Independent Director effective close of business hours on August 29, 2026
- Company approved the notice and scrutinizer appointment for its 20th Annual General Meeting
Pramara Promotions Limited announced board changes effective August 29, 2026. The company appointed Ms. Richa Kachhawaha and Mr. Keshav Rathi as Additional Directors (Non-Executive, Independent) for a 5-year term, subject to shareholder approval at the ensuing Annual General Meeting. Concurrently, Independent Director Mr. Aditya Vikrambhai Patel resigned due to personal and professional engagements. The board also approved the notice and Directors' Report for the 20th Annual General Meeting.
- Appointment of Ms. Richa Kachhawaha as Independent Director for a term of 5 years effective August 29, 2026
- Appointment of Mr. Keshav Rathi as Independent Director for a term of 5 years effective August 29, 2026
- Resignation of Independent Director Mr. Aditya Vikrambhai Patel effective August 29, 2026
- Approval of convening the 20th Annual General Meeting and appointment of e-voting scrutinizer
Pramara Promotions Limited has announced the appointment of Ms. Richa Kachhawaha and Mr. Keshav Rathi as Additional Directors (Non-Executive, Independent) for a term of 5 years, effective August 29, 2026, subject to shareholder approval. Concurrently, Mr. Aditya Vikrambhai Patel resigned from his position as an Independent Director effective August 29, 2026, citing personal and professional engagements with no other material reasons reported. The company also approved the notice and scrutinizer appointment for its upcoming 20th Annual General Meeting.
- Appointment of Ms. Richa Kachhawaha as Non-Executive Independent Director for a 5-year term effective August 29, 2026
- Appointment of Mr. Keshav Rathi as Non-Executive Independent Director for a 5-year term effective August 29, 2026
- Resignation of Independent Director Mr. Aditya Vikrambhai Patel effective closure of business hours on August 29, 2026
- Notice approved for the 20th Annual General Meeting for the financial year ended March 31, 2026
Pramara Promotions announced board changes effective August 29, 2026. Mr. Aditya Vikrambhai Patel resigned as Independent Director citing personal and professional engagements, confirming no other material reasons. To fill the vacancy and maintain governance, the Board approved the appointment of Ms. Richa Kachhawaha and Mr. Keshav Rathi as Additional Independent Directors for 5-year terms, subject to shareholder approval at the upcoming 20th AGM.
- Mr. Aditya Vikrambhai Patel resigned as Independent Director effective August 29, 2026
- Ms. Richa Kachhawaha appointed as Additional Independent Director for a 5-year term from August 29, 2026
- Mr. Keshav Rathi appointed as Additional Independent Director for a 5-year term from August 29, 2026
- Notice approved for the 20th Annual General Meeting with scrutinizer appointed for e-voting
Financial Performance
Revenue Growth by Segment
The company operates in the manufacturing of plastic products and supply of promotional products. Total revenue for FY24 reached INR 63.48 Cr, representing a growth of 26.8% YoY from INR 50.06 Cr in FY23, driven by robust order execution and new client wins.
Geographic Revenue Split
Pramara maintains a global reach with a strengthened presence in the USA, a joint venture in Japan (Pramara Nippon Toycraft), and a subsidiary in Hong Kong (Pramara Promotions Private Limited). Specific regional percentage splits are not disclosed.
Profitability Margins
Profit After Tax (PAT) for FY24 was INR 3.95 Cr, up from INR 2.10 Cr in FY23. PAT margins improved by 200 bps, rising from 4.2% in FY23 to 6.2% in FY24, indicating enhanced operational efficiency.
EBITDA Margin
EBITDA for FY24 was INR 10.0 Cr, a 54.7% increase from INR 6.47 Cr in FY23. EBITDA margins expanded by 280 bps, from 12.9% in FY23 to 15.8% in FY24, reflecting effective efforts in increasing scale and cost efficiency.
Capital Expenditure
The company raised INR 41.35 Cr in August 2025, allocating INR 10.0 Cr for land acquisition to support a new large-scale manufacturing facility in India. Additionally, US warehousing plans are underway to ensure supply chain resilience.
Credit Rating & Borrowing
Finance costs significantly decreased by 50.6% YoY, falling from INR 5.66 Cr in FY24 to INR 2.79 Cr for the year ended March 31, 2025, suggesting a reduction in high-cost debt or improved borrowing terms.
Operational Drivers
Raw Materials
The company consumes raw materials primarily for plastic products and toys, including plastic resins and polymers. Raw material consumption for the half-year ended September 2025 was not fully detailed, but inventory of raw materials decreased by INR 7.57 Cr in 2025.
Capacity Expansion
Current facility is 40,000 sq. ft with a capacity of 150 million products per year (250,000 to 400,000 units per day). Planned expansion includes a new large-scale manufacturing facility in India to capture global demand shifts.
Raw Material Costs
Raw material costs are a major component of the manufacturing process. Inventory changes for FY25 showed a decrease of INR 7.57 Cr compared to an increase of INR 11.01 Cr in FY24, indicating a shift in procurement or stock liquidation strategy.
Manufacturing Efficiency
Optimum capacity utilization is currently between 250,000 and 400,000 products per day. EBITDA margin expansion of 280 bps in FY24 indicates improving manufacturing efficiency through scale.
Logistics & Distribution
The company provides global logistics management as part of its end-to-end service offering for multinational corporations across FMCG, QSR, and retail sectors.
Strategic Growth
Expected Growth Rate
60-70%
Growth Strategy
Growth will be achieved through a 60-70% revenue target in FY25, supported by a robust order book of INR 25.0 Cr. Key strategies include launching own-branded toys, expanding Indian manufacturing capacity via a new facility, establishing US warehousing, and leveraging the Pramara Nippon Toycraft JV in Japan.
Products & Services
Toys, promotional products, trade and consumer premiums, brand partnerships, and character licensing solutions.
Brand Portfolio
Pramara, Pramara Nippon Toycraft (JV).
New Products/Services
The company plans to launch its own branded toys in the coming year, which is expected to accelerate revenue growth and enhance market visibility.
Market Expansion
Expansion into the Japanese market via the Nippon Toycraft JV and strengthening the U.S. presence with warehousing and service capabilities.
Strategic Alliances
Pramara Nippon Toycraft JV in Japan and character licensing partnerships for promotional solutions.
External Factors
Industry Trends
The industry is seeing a shift toward global OEM leadership and the scaling of retail/aggregator platforms. Pramara is positioning itself to capture these shifts through expanded Indian manufacturing and international JVs.
Competitive Landscape
Pramara is among the few Indian companies with comprehensive end-to-end promotional capabilities, competing for multinational campaigns in FMCG and QSR.
Competitive Moat
The moat is built on an end-to-end integrated setup (design, mold development, cleanroom assembly, testing) and compliance with international standards (EN71/ASTM), which are difficult for smaller competitors to replicate.
Macro Economic Sensitivity
The company is sensitive to government actions and local political or economic developments that could cause actual results to differ from forward-looking statements.
Consumer Behavior
Consumer trends are shifting toward branded toys and character-licensed products, which Pramara is addressing through its new product launch plans.
Geopolitical Risks
Geopolitical risks include trade barriers and government actions affecting global demand shifts and supply chain resilience.
Regulatory & Governance
Industry Regulations
Operations must comply with EN71/ASTM-certified testing facilities and stringent international audits required by Fortune 500 clients like Kellogg's.
Environmental Compliance
The company faces increasing compliance costs associated with ESG (Environmental, Social, and Governance) and safety regulations.
Taxation Policy Impact
The company made an adjustment in reserves for excess provision for taxation amounting to INR 9.13 Cr for the year ended March 31, 2025.
Risk Analysis
Key Uncertainties
Key risks include government actions, technological risks, and the ability to maintain compliance with evolving safety regulations, which could impact the 60-70% growth target.
Geographic Concentration Risk
While manufacturing is India-based, the company has significant exposure to global markets, including Hong Kong, Japan, and the USA.
Third Party Dependencies
Dependency on character licensing partners for promotional solutions and multinational clients for order book visibility.
Technology Obsolescence Risk
Technological risks are noted as a factor that could cause actual results to differ from projections.
Credit & Counterparty Risk
Trade receivables increased by INR 1.63 Cr in FY25, while other assets saw a substantial increase of INR 42.12 Cr, requiring monitoring of asset quality.
