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RPPL - Rajshree Polypac

📊 NSE: RPPL 🏢 Packaging 📅 Last Updated: 12/14/2025 11:34

📢 Recent Corporate Announcements

Rajshree Polypack Clarifies Identical Standalone & Consolidated Q2 FY26 Results

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 06 Mar 2026, 11:33 AM

Rajshree Polypack Limited (RPPL) responded to NSE's clarification request regarding identical standalone and consolidated financial figures for the quarter ended September 30, 2025. The company explained that its sole joint venture, Olive Ecopak Private Limited, has accumulated losses exceeding RPPL's investment, resulting in a carrying value of zero under Ind AS 28. Consequently, no further losses are recognized in the consolidated statement, making it identical to the standalone results. For Q2 FY26, the company reported a total income of ₹8,837.07 Lakhs and a net profit of ₹459.51 Lakhs.

Q2 FY26 Revenue from Operations stood at ₹8,642.85 Lakhs, up from ₹8,251.65 Lakhs in the previous quarter.
Net Profit for the quarter was ₹459.51 Lakhs with a Basic EPS of ₹0.62.
Identical standalone and consolidated figures occur because the JV investment value is nil due to accumulated losses.
A revision in the useful life of machinery from 15 to 20-25 years reduced depreciation by ₹147.06 Lakhs for the half-year.
The company converted 1,50,000 share warrants into 9,00,000 equity shares following a stock split.

💡 Investors should recognize that the identical reporting is a technical accounting outcome of JV losses and not a reporting error. Monitor the impact of revised depreciation on long-term margins and the eventual turnaround of the Olive Ecopak joint venture.

Rajshree Polypack Releases Q3 & 9M FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 16 Feb 2026, 11:50 PM

Rajshree Polypack Limited (RPPL) has officially released the audio recording of its earnings conference call held on February 16, 2026. The call discussed the company's unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. This disclosure is a routine regulatory requirement under SEBI Listing Regulations to ensure transparency for all shareholders. Investors can access the full recording on the company's website to understand management's commentary on recent performance.

Audio recording of the Q3 & 9M FY26 earnings call is now available for public access.
The conference call was conducted on February 16, 2026, following the release of financial results.
Discussion covered both standalone and consolidated financial performance for the period ending December 31, 2025.
The recording is hosted on the official company website under the 'Investor Concall' section.
Compliance maintained with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to gain insights into management's future growth strategy and operational challenges faced during the quarter. This is particularly useful for understanding the qualitative aspects of the Q3 FY26 performance.

Rajshree Polypack Appoints Ms. Ritu Joshi as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 06:14 PM

Rajshree Polypack Limited has officially appointed Ms. Ritu Joshi as the Company Secretary and Compliance Officer, effective February 13, 2026. Ms. Joshi is an Associate Member of the ICSI with over 9 years of experience in corporate law and regulatory compliance. This appointment fills a Key Managerial Personnel (KMP) position as required under Section 203 of the Companies Act, 2013. The Board of Directors approved the appointment in a meeting that concluded at 5:53 p.m. on the same day.

Ms. Ritu Joshi (Membership No. A42179) appointed as CS and Compliance Officer effective Feb 13, 2026.
The new appointee brings over 9 years of experience in Company Secretarial and Regulatory Compliances.
The appointment satisfies the mandatory requirement for Key Managerial Personnel (KMP) under SEBI and Companies Act regulations.
The Board meeting for the appointment was conducted between 5:30 p.m. and 5:53 p.m. on February 13, 2026.

💡 This is a routine administrative update to ensure regulatory compliance; no immediate action is required from investors.

Rajshree Polypack Appoints Ritu Joshi as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 06:13 PM

Rajshree Polypack Limited (RPPL) has appointed Ms. Ritu Joshi as the Company Secretary and Compliance Officer, effective February 13, 2026. Ms. Joshi is a qualified professional with over 9 years of experience in corporate law, regulatory affairs, and secretarial compliances. This appointment fills a Key Managerial Personnel (KMP) position as required under Section 203 of the Companies Act, 2013. The decision was finalized during a Board meeting held on the same day, ensuring the company remains compliant with SEBI Listing Regulations.

Ms. Ritu Joshi appointed as Company Secretary & Compliance Officer effective February 13, 2026
The appointee brings over 9 years of professional experience in regulatory and corporate law affairs
Appointment complies with Section 203 of the Companies Act, 2013 and SEBI Regulation 6(1)
Board meeting for the appointment commenced at 5:30 p.m. and concluded at 5:53 p.m.

💡 No action is required from investors as this is a routine administrative appointment to maintain corporate governance standards.

Rajshree Polypack Appoints Ms. Ritu Joshi as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 06:10 PM

Rajshree Polypack Limited (RPPL) has appointed Ms. Ritu Joshi as the Company Secretary and Compliance Officer, effective February 13, 2026. The appointment was approved during a Board meeting held on the same day, filling a key managerial personnel (KMP) position. Ms. Joshi brings over 9 years of experience in corporate law, regulatory compliance, and secretarial affairs. This move ensures the company's adherence to SEBI Listing Regulations and the Companies Act, 2013.

Ms. Ritu Joshi appointed as Company Secretary and Compliance Officer effective February 13, 2026
Appointee possesses over 9 years of experience in secretarial and regulatory compliance
Board meeting for the appointment was conducted on February 13, 2026, from 5:30 PM to 5:53 PM
The appointment complies with Section 203 of the Companies Act, 2013 and SEBI Regulation 6(1)

💡 This is a routine administrative update regarding management personnel and does not require any specific action from investors. The focus should remain on the company's operational performance and upcoming financial results.

Rajshree Polypack Appoints Ms. Ritu Joshi as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 06:08 PM

Rajshree Polypack Limited (RPPL) has appointed Ms. Ritu Joshi as its Company Secretary and Compliance Officer, effective February 13, 2026. Ms. Joshi is a qualified professional with over 9 years of experience in company secretarial, regulatory compliance, and corporate law affairs. This appointment fulfills the requirement for Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The board meeting confirming this appointment was held on February 13, 2026, lasting approximately 23 minutes.

Ms. Ritu Joshi appointed as Company Secretary and Compliance Officer effective February 13, 2026.
The appointee brings over 9 years of experience in secretarial and regulatory compliance.
The appointment is in compliance with SEBI Listing Regulations and the Companies Act, 2013.
Ms. Joshi is an Associate Member of the Institute of Company Secretaries of India (Membership No. A42179).

💡 No action is required as this is a routine administrative appointment to ensure regulatory compliance.

Rajshree Polypack Appoints Ms. Ritu Joshi as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Feb 2026, 06:06 PM

Rajshree Polypack Limited (RPPL) has appointed Ms. Ritu Joshi as the Company Secretary and Compliance Officer, effective February 13, 2026. Ms. Joshi is a qualified professional with over 9 years of experience in corporate law, regulatory compliances, and secretarial affairs. This appointment fulfills the requirement for a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The board meeting to finalize this appointment was conducted on February 13, 2026, lasting approximately 23 minutes.

Appointment of Ms. Ritu Joshi as Company Secretary and Compliance Officer effective February 13, 2026
Ms. Joshi brings over 9 years of professional experience in regulatory and corporate law affairs
The appointment complies with Section 203 of the Companies Act and SEBI Regulation 6(1)
Board meeting commenced at 5:30 p.m. and concluded at 5:53 p.m. on the same day

💡 This is a routine administrative appointment to ensure regulatory compliance. No immediate action is required as it does not affect the company's business fundamentals.

Rajshree Polypack to Host Q3 FY26 Earnings Call on February 16, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 10 Feb 2026, 01:48 PM

Rajshree Polypack Limited (RPPL) has scheduled a conference call for analysts and institutional investors on February 16, 2026, at 4:00 PM IST. The call follows the announcement of the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. This interaction provides an opportunity for the management to discuss the company's financial performance and operational outlook. Investors can participate via the provided Zoom registration link to gain insights into the company's growth trajectory.

Conference call scheduled for February 16, 2026, at 04:00 p.m. IST.
Discussion will focus on unaudited standalone and consolidated results for Q3 and 9M ended Dec 31, 2025.
The meeting is organized in compliance with SEBI (LODR) Regulations, 2015.
A digital registration link via Zoom has been provided for investor participation.

💡 Investors should monitor the call for management commentary on raw material price volatility and demand in the packaging sector. Review the financial results prior to the call to identify key performance trends.

Rajshree Polypack Q3 FY26 PAT Rises 25.38% YoY to ₹2.13 Cr; Export Revenue Surges 41%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 11:56 AM

Rajshree Polypack reported a resilient Q3 FY26 with PAT growing 25.38% YoY to ₹2.13 Cr, despite a marginal 1.49% dip in revenue to ₹71.62 Cr. The company achieved significant margin expansion, with EBITDA margins rising to 14.38% from 12.45% in the previous year. High-growth segments led the performance, as export revenue jumped 40.83% YoY and injection moulding revenue increased 37.39% YoY. Additionally, the Olive Ecopack joint venture showed a strong turnaround, reaching a positive EBITDA margin of 7.35%.

PAT increased by 25.38% YoY to ₹2.13 Cr, while EBITDA grew 13.82% to ₹10.30 Cr.
Export revenue grew by 40.83% YoY in Q3 and 63.16% YoY for the nine-month period.
Injection moulding capacity expanded to 4,800 MTPA, with segment revenue rising 37.39% YoY.
Olive Ecopack JV revenue grew 30.2% QoQ to ₹15.69 Cr with a sharp turnaround in EBITDA margins to 7.35%.
New 1.9 MW wind-solar captive power arrangement expected to save ₹1.75 Cr annually.

💡 Investors should focus on the company's successful shift toward high-margin exports and injection moulding segments which are offsetting flat domestic volumes. The operational turnaround of the Olive Ecopack JV is a key positive catalyst for consolidated earnings growth.

Rajshree Polypack Board Approves Q3 and 9M FY26 Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 01:12 PM

Rajshree Polypack Limited's Board of Directors met on February 06, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The meeting was conducted in compliance with SEBI Listing Regulations and included a Limited Review Report from statutory auditors M/s. JASS & CO LLP. While the cover letter confirms the approval of results, specific revenue and profit figures were submitted as separate attachments. This announcement marks the official reporting of the company's performance for the third quarter of the fiscal year.

Board approved unaudited standalone and consolidated financial results for the period ended December 31, 2025.
The statutory auditor M/s. JASS & CO LLP issued a Limited Review Report for the nine-month period.
The board meeting was held on February 06, 2026, lasting approximately 30 minutes from 12:35 P.M. to 1:05 P.M.
Submission made in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should review the detailed financial tables in the full filing to analyze revenue growth and margin trends for the quarter. Compare the Q3 performance against previous quarters to assess the company's operational consistency in the packaging sector.

Rajshree Polypack Approves Q3 and Nine Months Ended Dec 2025 Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 01:10 PM

Rajshree Polypack Limited's Board of Directors met on February 06, 2026, to approve the un-audited financial results for the quarter and nine months ending December 31, 2025. The approval encompasses both standalone and consolidated financial statements, providing a full view of the company's performance. The results were accompanied by a Limited Review Report from the statutory auditors, M/s. JASS & CO LLP. This procedural announcement confirms the formal adoption of the third-quarter performance metrics.

Board approved un-audited standalone and consolidated financial results for the quarter ended December 31, 2025
Financial results for the nine-month period ended December 31, 2025, were also reviewed and approved
Statutory auditors M/s. JASS & CO LLP issued a Limited Review Report on the financial statements
The board meeting was held on February 06, 2026, lasting 30 minutes from 12:35 P.M. to 1:05 P.M.

💡 Investors should examine the detailed financial tables in the full report to evaluate revenue growth and margin trends for the quarter. Compare the Q3 performance against the previous year's corresponding quarter to assess the company's growth trajectory.

Rajshree Polypack Head of HR & Admin Rajashekharan Nair Resigns After 7-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 19 Jan 2026, 06:08 PM

Rajshree Polypack Limited (RPPL) has announced the resignation of Mr. Rajashekharan Nair from his position as Head of HR and Administration, effective January 19, 2026. Mr. Nair, who joined the company in November 2018, is departing after a significant seven-year tenure to pursue other professional opportunities. The company has classified this as a change in Senior Management Personnel under SEBI (LODR) Regulations. The transition appears orderly as the outgoing executive has committed to a smooth handover of responsibilities.

Mr. Rajashekharan Nair resigned as Head of HR and Administration effective from the close of business on January 19, 2026.
The executive served the company for over 7 years, having originally joined on November 12, 2018.
The reason for resignation is cited as the pursuit of better professional opportunities elsewhere.
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 This is a routine administrative change and is unlikely to impact the company's financial performance or strategic direction. Investors should simply monitor for the appointment of a successor to ensure continued stability in human resource management.

Rajshree Polypack Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 03:26 PM

Rajshree Polypack Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, covers the quarter ended December 31, 2025. It confirms that all securities received for dematerialization were processed, mutilated, and cancelled as per regulatory requirements. The filing also verifies that the name of the depositories has been updated in the register of members and the securities are listed on the stock exchanges.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent
Confirms that dematerialized securities have been listed on the stock exchanges where earlier securities were listed
Verification and cancellation of security certificates were completed within prescribed timelines
Confirms the substitution of depository names in the register of members as registered owners

💡 This is a routine regulatory filing with no impact on the company's fundamentals. No action is required from investors based on this announcement.

Rajshree Polypack Announces Trading Window Closure from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 01:04 PM

Rajshree Polypack Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of un-audited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially declared. The company will intimate the specific date of the board meeting for result consideration in due course.

Trading window closure begins on January 1, 2026, for all Designated Persons (DPs) and insiders.
Closure pertains to the un-audited financial results for the quarter and nine months ended December 31, 2025.
Trading restriction remains in effect until 48 hours after the financial results are announced to the exchange.
PAN of Designated Persons will be frozen by NSDL for trading in equity shares during this period as per SEBI circulars.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals; investors should monitor for the upcoming Q3 result date announcement.

Rajshree Polypack to Invest ₹2.03 Crore in 1.9 MW Wind-Solar Hybrid Power Project

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 18 Dec 2025, 09:58 PM

Rajshree Polypack Limited (RPPL) has signed a term sheet with Jamnagar Renewables Two Private Limited for a 1.9 MW Wind-Solar Hybrid power arrangement. The company will invest approximately ₹2.03 crore (₹106.9 lakh per MW) for an equity stake to qualify as a captive user. This 25-year agreement aims to secure long-term renewable energy, meet sustainability goals, and potentially reduce power costs through a benefit-sharing tariff mechanism. The arrangement includes a 95% minimum off-take commitment and a 3-year lock-in period.

Contracted capacity of approximately 1.9 MW Wind-Solar Hybrid power for captive use.
Proposed equity investment of ₹2.03 crore at a rate of ₹106.9 lakh per MW.
Long-term agreement tenure of 25 years with a 3-year initial lock-in period.
Minimum off-take commitment of 95% ensures high utilization of renewable capacity.
Tariff linked to DISCOM rates with an agreed benefit-sharing mechanism to lower costs.

💡 Investors should view this as a positive move toward operational cost efficiency and ESG compliance. Monitor the execution of definitive agreements and the subsequent impact on power expenses in future quarterly results.

View All RPPL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single primary segment: Rigid packaging products. Revenue grew 20.17% YoY to INR 329.74 Cr in FY25 from INR 274.39 Cr in FY24. H1 FY26 revenue showed a modest growth of 1.17% YoY reaching INR 168.94 Cr.

Geographic Revenue Split

Domestic sales contribute approximately 84-85% of total revenue. Export revenues contribute 15-16% of total sales in FY24 and FY25, a significant increase from 5.5% in FY23, with presence in Europe, UK, and planned expansion to the US.

Profitability Margins

Net Profit margin improved to 4.38% in FY25 from 3.35% in FY24. PAT grew 57.2% YoY to INR 14.46 Cr in FY25. Return on Equity (ROE) increased to 8.56% from 5.96% due to better profit margins.

EBITDA Margin

Overall EBITDA margin was 14.78% in H1 FY26. The company targets an EBITDA margin of 15-16% as it scales revenue by an additional INR 30-40 Cr and ramps up its JV operations.

Capital Expenditure

The company is undertaking debt-funded capital expenditure for newly installed facilities and a planned greenfield plant in Odisha. Debt-Equity ratio increased 29.38% to 0.62 in FY25 due to capex borrowings.

Credit Rating & Borrowing

CRISIL Ratings maintains a 'Stable' outlook. Interest coverage ratio is adequate at 4.85 times. Bank limit utilization averaged 69% through March 2025.

⚙️ Operational Drivers

Raw Materials

Plastic raw materials and granules (resins) represent the primary input cost. Specific polymer types are not listed but are integral to rigid sheet and thermoformed container production.

Capacity Expansion

Current manufacturing units are in Daman and Sarigam. Planned expansion includes a greenfield plant in Odisha and the Olive Ecopak JV which has a full-scale revenue capacity of INR 200-215 Cr.

Raw Material Costs

Raw material price volatility is a key risk. Strategy includes backward integration and centralized procurement to leverage scale and achieve better bargaining power with suppliers.

Manufacturing Efficiency

Return on Capital Employed (ROCE) increased from 11.40% in FY24 to 13.82% in FY25, driven by improved asset utilization and higher operating leverage.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be achieved through the ramp-up of the Olive Ecopak JV (targeting INR 140-150 Cr revenue by FY27), entry into the US and UK markets, and the commissioning of a new greenfield plant in Odisha.

Products & Services

Rigid plastic sheets, thermoformed packaging containers, cups, bowls, punnets, lids, trays, and injection-molded (IML) products.

New Products/Services

Sustainable and eco-friendly packaging through the Olive Ecopak JV and value-added injection-molded products with expected higher margins.

Market Expansion

Expanding geographical presence to the US and UK markets to de-risk the business and increase export contribution.

Strategic Alliances

Joint Venture with Olive Ecopak Private Limited for sustainable packaging solutions.

🌍 External Factors

Industry Trends

The industry is shifting toward sustainable, bio-based materials and advanced recycling. RPPL is positioning itself through the Olive Ecopak JV to meet increasing regulatory and consumer demand for eco-friendly packaging.

Competitive Landscape

Highly fragmented industry with intense competition from various players, including large firms like Huhtamaki and Amcor Flexibles.

Competitive Moat

Moat is built on 20 years of promoter experience, long-standing relationships with blue-chip clients, and a diversified product profile catering to multiple end-user industries.

Macro Economic Sensitivity

Sensitive to global economic slowdowns and trade disputes which can reduce demand in packaging-intensive industries like FMCG and Food & Beverages.

Consumer Behavior

Increasing consumer preference for health-conscious and eco-friendly products is driving the shift away from traditional plastic usage.

Geopolitical Risks

Geopolitical conflicts are cited as risks that can disrupt raw material supply chains and affect production schedules.

⚖️ Regulatory & Governance

Industry Regulations

Exposed to regulatory risks including potential imposition of discriminatory taxes on plastic and frequent changes in environmental compliance standards.

Environmental Compliance

The company proactively engages with stakeholders to develop sustainable packaging to comply with stringent environmental standards and plastic waste recovery requirements.

Legal Contingencies

No reportable material weaknesses in design or operations of internal controls were observed during testing for FY25.

⚠️ Risk Analysis

Key Uncertainties

Volatility in raw material prices and rapid technological shifts in bio-based materials could impact profitability by up to 10% if revenue declines steeply.