Prima Plastics Ltd. – Company Report
1. Company Overview
Prima Plastics Ltd., established in 1993 and headquartered in Mumbai, is a leading Indian manufacturer and exporter of plastic moulded furniture and consumer durable products. With more than 30 years of industry presence, Prima operates seven manufacturing facilities across India and abroad, maintaining a strong presence in over 20 export markets. The company is ISO-certified and officially recognized as a "One Star Export House" by the Ministry of Commerce. It employs over 500 people and is known for its innovation, government procurement capabilities, and robust international and domestic distribution channels.
- Incorporated: 1993
- Headquarters: Mumbai, Maharashtra, India
- Employees: 500+
- Certifications: ISO 9001, ISO 14001, OHSAS 18001, One Star Export House
- Manufacturing Units: 7 (4 in India – Daman, Kerala, Ongole; 3 overseas – Cameroon, Guatemala)
- Distribution Network: 450 distributors, 5,500 dealers, present in 20+ export markets
- Executive Leadership: Bhaskar M. Parekh (Executive Chairman & Whole-time Director)
- Listed: Indian stock exchanges
- Focus Areas: Innovation, export leadership, quality management, government procurement
- Core Strength: Strong export capability and specialization in plastic moulded furniture and utility goods
2. Products and Services
Prima Plastics offers an extensive portfolio of high-quality plastic-based products:
- Plastic Moulded Furniture: Chairs (premium and standard), dining/study tables, stools, baby chairs, teapoys, garden/leisure furniture in diverse styles and colors.
- Industrial & Storage Solutions: Crates, pallets, insulated boxes, and bins designed for B2B, warehousing, and logistics sectors.
- Road Safety & Waste Management: Barriers, cones, dividers, and dustbins—extensively deployed under government programs like Swachh Bharat Abhiyan.
- Custom & Export Products: Tailored goods for global clients—tableware, cases, utility containers.
- Household Utility Items: Plastic kitchenware, hygiene products, and daily-use household accessories.
All products are manufactured using high-grade raw materials and advanced imported molding technologies, ensuring superior durability, weather resistance, and ergonomic performance.
3. Recent News and Financial Performance
Business Developments:
New Plant at Pithampur (2022): Prima commenced production at its automated rotational molding facility in Pithampur, Madhya Pradesh, adding 1,800 TPA capacity in April 2022. The plant emphasizes sustainable, energy-efficient operations.
West Africa JV Dividend (2023): Prima Dee-Lite Plastics SARL (Cameroon JV) declared a dividend for FY2022. Prima Plastics, holding a 50% stake, received €275,260, demonstrating strong profitability and cash generation from overseas ventures.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹206 crore |
| Profit After Tax (PAT) | ₹17.2 crore |
| Net Profit Margin | 8.9% |
| EPS | ₹15.64 |
| Dividend Payout % | 13% |
| Debt Status | Near debt-free; strong liquidity |